<PAGE>
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
------------
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported) March 27, 1998
CREDIT SUISSE FIRST BOSTON MORTGAGE SECURITIES CORP. (as depositor under a
Pooling and Servicing Agreement dated as of March 1, 1998 providing for, inter
alia, the issuance of Chevy Chase Bank, F.S.B. Mortgage-Backed Pass-Through
Certificates, Series 1998-CCB1)
Credit Suisse First Boston Mortgage Securities Corp.
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(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
DELAWARE 333-33807 13-3320910
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(STATE OR OTHER JURISDICTION (COMMISSION) (I.R.S. EMPLOYER
OF INCORPORATION) FILE NUMBER) IDENTIFICATION NO.)
11 Madison Avenue, New York, New York 10010
- -----------------------------------------------------------------
(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES) (ZIP CODE)
Registrant's telephone number, including area code (212) 325-2000
Not Applicable
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(FORMER NAME OR FORMER ADDRESS, IF CHANGED SINCE LAST REPORT)
Exhibit Index Located on Page 2
<PAGE>
Items 1 through 4, 6 and 8 are not included because they are not applicable.
Item 5. Other Events.
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The consolidated financial statements of MBIA Insurance Corporation
and its subsidiaries as of December 31, 1996 and December 31, 1995 and for the
three years ended December 31, 1996, included in the Annual Report on Form 10-K
of MBIA, Inc. for the year ended December 31, 1996 and the consolidated
financial statements of MBIA Insurance Corporation and its subsidiaries as of
September 30, 1997 and for the periods ended September 30, 1997 and September
30, 1996 included in the Quarterly Report on Form 10-Q of MBIA, Inc. for the
period ended September 30, 1997 are hereby incorporated by reference in (i) this
Current Report on Form 8-K; (ii) the registration statement (No. 333-33807) of
the Registrant; and (iii) the Prospectus Supplement for Chevy Chase Bank, F.S.B.
Mortgage-Backed Pass-Through Certificates, Series 1998-CCB1, and shall be deemed
to be a part hereof.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
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(a) Not applicable
(b) Not applicable
(c) Exhibits (executed copies) - The following execution copies of
Exhibits to the Form S-3 Registration Statement of the Registrant are hereby
filed:
Sequentially
Exhibit Numbered
Number Exhibit
- -------
Page
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7(c) Pooling and Servicing Agreement, dated as of March 1, 1998 among
Credit Suisse First Boston Mortgage Securities Corp., as depositor,
Chevy Chase Bank, F.S.B., as seller and servicer, and U.S. Bank
National Association, as trustee
23. Consent of Coopers & Lybrand L.L.P., independent auditors of MBIA
Insurance Corporation with respect to (a) the incorporation by
reference in the Prospectus Supplement of their report dated February
3, 1997 on the audit of the consolidated financial statements of MBIA
Insurance Corporation and its subsidiaries as of December 31, 1996 and
December 31, 1995 and for the three years ended December 31, 1996 and
(b) the reference to their firm under the caption "Experts" in the
Prospectus Supplement.
<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.
CREDIT SUISSE FIRST BOSTON MORTGAGE SECURITIES
CORP., Registrant
By: /s/ Kari Skilbred
Name: Kari Skilbred
Title: Vice President
Dated: April 10, 1998
<PAGE>
Exhibit 7(c)
Pooling and Servicing Agreement
<PAGE>
_______________________________________________________________________________
_______________________________________________________________________________
CREDIT SUISSE FIRST BOSTON MORTGAGE SECURITIES CORP.,
Depositor,
CHEVY CHASE BANK, F.S.B.,
Seller and Servicer,
and
U.S. BANK NATIONAL ASSOCIATION,
Trustee
-------------------
POOLING AND SERVICING AGREEMENT
Dated as of March 1, 1998
relating to
CHEVY CHASE BANK, F.S.B.
MORTGAGE-BACKED PASS-THROUGH CERTIFICATES, SERIES 1998-CCB1
_______________________________________________________________________________
_______________________________________________________________________________
<PAGE>
TABLE OF CONTENTS
ARTICLE I
DEFINITIONS
ARTICLE II
CONVEYANCE OF TRUST FUND;
REPRESENTATIONS AND WARRANTIES
<TABLE>
<S> <C> <C>
SECTION 2.01. Conveyance of Trust Fund............................................... 23
SECTION 2.02. Acceptance by Trustee.................................................. 25
SECTION 2.03. Representations, Warranties and
Covenants of the Servicer and Seller................................ 26
SECTION 2.04. Representations, Warranties and Covenants of the Servicer
and the Seller with respect to the Mortgage Loans...................... 27
SECTION 2.05. Issuance of Certificates............................................... 35
SECTION 2.06. REMIC Provisions....................................................... 35
</TABLE>
ARTICLE III
ADMINISTRATION AND SERVICING
OF MORTGAGE LOANS
<TABLE>
<S> <C> <C>
SECTION 3.01. Servicing Standard..................................................... 38
SECTION 3.02. Enforcement of the Obligations of Sub-Servicers........................ 40
SECTION 3.03. Termination of the Rights of Sub-Servicers............................. 40
SECTION 3.04. Liability of the Servicer.............................................. 41
SECTION 3.05. Rights of the Depositor and the Trustee
in Respect of the Servicer........................................ 41
SECTION 3.06. Trustee to Act as Servicer............................................. 41
SECTION 3.07. Collection of Mortgage Loan Payments................................... 42
SECTION 3.08. Collection of Taxes, Assessments and
Similar Items; Escrow Accounts.................................... 43
SECTION 3.09. Permitted Withdrawals from the Custodial Account....................... 44
SECTION 3.10. Maintenance of Primary Mortgage Insurance Policies;
Collections Thereunder.............................................. 45
SECTION 3.11. Maintenance of Hazard Insurance and Other Insurance.................... 46
SECTION 3.12. Enforcement of Due-On-Sale Clauses;
Assumption Agreements............................................... 47
SECTION 3.13. Realization Upon Defaulted Mortgage Loans.............................. 48
SECTION 3.14. Trustee to Cooperate; Release of Trustee Mortgage Files................ 50
SECTION 3.15. Documents, Records and Funds in Possession of Servicer
to be Held for the Depositor and the Trustee for the Benefit
of the Certificateholders.............................................. 50
SECTION 3.16. Servicing Compensation................................................. 51
SECTION 3.17. Reports to the Depositor; Account Statements........................... 51
SECTION 3.18. Annual Statement as to Compliance...................................... 52
</TABLE>
<PAGE>
<TABLE>
<S> <C> <C>
SECTION 3.19. Annual Independent Public Accountants' Servicing
Report................................................................. 52
SECTION 3.20. Reports to Trustee..................................................... 52
SECTION 3.21. Converted Mortgage Loans; Certain Procedures and
Purchases.............................................................. 53
</TABLE>
ARTICLE IV
PAYMENTS AND STATEMENTS TO CERTIFICATEHOLDERS
<TABLE>
<S> <C> <C>
SECTION 4.01. Certificate Account.................................................... 53
SECTION 4.02. Distributions.......................................................... 54
SECTION 4.03. Allocation of Realized Losses.......................................... 56
SECTION 4.04. Monthly Statements to Certificateholders............................... 56
SECTION 4.05. Prepayment Interest Shortfalls and Relief Act Shortfalls............... 58
SECTION 4.06. The Policy............................................................. 58
SECTION 4.07 Reserve Account........................................................ 59
</TABLE>
ARTICLE V
ADVANCES
<TABLE>
<S> <C> <C>
SECTION 5.01. Monthly Advances by the Servicer...................................... 60
SECTION 5.02. Advances for Attorneys' Fees.......................................... 61
SECTION 5.03. Nonrecoverable Advances............................................... 61
SECTION 5.04. Advance Procedures.................................................... 61
</TABLE>
ARTICLE VI
THE CERTIFICATES
<TABLE>
<S> <C> <C>
SECTION 6.01. The Certificates....................................................... 61
SECTION 6.02. Registration of Transfer and Exchange of Certificates.................. 62
SECTION 6.03. Mutilated, Destroyed, Lost or Stolen Certificates...................... 67
SECTION 6.04. Persons Deemed Owners.................................................. 67
SECTION 6.05. Access to List of Certificateholders' Names and
Addresses.............................................................. 67
SECTION 6.06. Maintenance of Office or Agency........................................ 67
SECTION 6.07. Book-Entry Certificates................................................ 68
SECTION 6.08. Notices to Clearing Agency............................................. 68
SECTION 6.09. Definitive Certificates................................................ 69
</TABLE>
ARTICLE VII
THE DEPOSITOR AND THE SERVICER
<TABLE>
<S> <C> <C>
SECTION 7.01. Liabilities of the Depositor and the Servicer......................... 69
SECTION 7.02. Merger or Consolidation of the
Depositor or the Servicer..................................... 69
SECTION 7.03. Limitation on Liability of the Depositor, the Servicer
and Others............................................................ 70
SECTION 7.04. Servicer Not to Resign................................................ 71
</TABLE>
<PAGE>
<TABLE>
<S> <C> <C>
SECTION 7.05. Errors and Omissions Insurance; Fidelity Bonds........................ 71
SECTION 7.06. Servicer May Own Certificates......................................... 71
</TABLE>
ARTICLE VIII
DEFAULT
<TABLE>
<S> <C> <C>
SECTION 8.01. Events of Default...................................................... 71
SECTION 8.02. Trustee to Act; Appointment of Successor............................... 73
SECTION 8.03. Notification to Certificateholders..................................... 74
SECTION 8.04. Waiver of Events of Default............................................ 74
</TABLE>
ARTICLE IX
CONCERNING THE TRUSTEE
<TABLE>
<S> <C> <C>
SECTION 9.01. Duties of Trustee..................................................... 75
SECTION 9.02. Certain Matters Affecting the Trustee................................. 76
SECTION 9.03. Trustee Not Liable for Certificates or Mortgage Loans................. 77
SECTION 9.04. Trustee May Own Certificates.......................................... 77
SECTION 9.05. Trustee's Fees and Expenses........................................... 78
SECTION 9.06. Eligibility Requirements for Trustee.................................. 78
SECTION 9.07. Resignation and Removal of Trustee.................................... 78
SECTION 9.08. Successor Trustee..................................................... 79
SECTION 9.09. Merger or Consolidation of Trustee.................................... 79
SECTION 9.10. Appointment of Co-Trustee or Separate Trustee......................... 80
SECTION 9.11. Office of the Trustee................................................. 81
SECTION 9.12. Tax Returns........................................................... 81
</TABLE>
ARTICLE X
TERMINATION
<TABLE>
<S> <C> <C>
SECTION 10.01. Termination upon Liquidation or Repurchase of all
Mortgage Loans...................................................... 81
SECTION 10.02. Procedure Upon Optional Termination................................. 82
SECTION 10.03. Additional Termination Requirements................................. 83
</TABLE>
ARTICLE XI
MISCELLANEOUS PROVISIONS
<TABLE>
<S> <C> <C>
SECTION 11.01. Amendment.......................................................... 83
SECTION 11.02. Recordation of Agreement; Counterparts............................. 84
SECTION 11.03. Governing Law...................................................... 85
SECTION 11.04. Intention of Parties............................................... 85
SECTION 11.05. Notices............................................................ 86
SECTION 11.06. Severability of Provisions......................................... 86
SECTION 11.07. Limitation on Rights of Certificateholders......................... 87
SECTION 11.08. Certificates Nonassessable and Fully Paid.......................... 87
SECTION 11.09. Rights of the Insurer.............................................. 87
</TABLE>
<PAGE>
<TABLE>
EXHIBITS
<S> <C> <C>
Exhibit A: Form of Class A Certificate......................................... A-1
Exhibit B: Form of Class S Certificate......................................... B-1
Exhibit C: Form of Class R Certificate......................................... C-1
Exhibit D: Schedule of Mortgage Loans.......................................... D-1
Exhibit E: Form of Initial Certification of Trustee............................ E-1
Exhibit F: Form of Final Certification of Trustee.............................. F-1
Exhibit G: Form of Request for Release......................................... G-1
Exhibit H: Form of Investor Representation Letter.............................. H-1
Exhibit I: Form of Transferor Representation Letter............................ I-1
Exhibit J: Form of Investor Transfer Affidavit and Agreement................... J-1
Exhibit K: Form of Transfer Certificate........................................ K-1
Exhibit L: Certificate Guaranty Insurance Policy............................... L-1
</TABLE>
<PAGE>
THIS POOLING AND SERVICING AGREEMENT, dated as of March 1, 1998, is
hereby executed by and between CREDIT SUISSE FIRST BOSTON MORTGAGE SECURITIES
CORP., depositor (the "Depositor"), CHEVY CHASE BANK, F.S.B. ("Chevy Chase"), in
its capacity as seller (the "Seller") and in its capacity as servicer (the
"Servicer") and U.S. BANK NATIONAL ASSOCIATION, a national banking association,
as trustee (the "Trustee"). Capitalized terms used in this Agreement and not
otherwise defined will have the meanings assigned to them in Article I below.
PRELIMINARY STATEMENT
The Depositor is the owner of the Mortgage Loans and the other
property being conveyed by it to the Trustee in its capacity as trustee of the
Trust Fund, in accordance with this Agreement, and the Depositor has duly
authorized the execution and delivery of this Agreement to provide for the
conveyance to the Trustee of the Trust Fund.
As provided herein, the Depositor will elect to treat the assets
consisting of the Mortgage Loans and certain other assets as described herein as
a real estate mortgage investment conduit (a "remic") for federal income tax
purposes, and such segregated pool of assets will be designated as the "Trust
REMIC". The Class R Certificates will represent the sole class of "residual
interests" in the Trust REMIC for purposes of the REMIC Provisions (as defined
herein) under federal income tax law. The following table irrevocably sets
forth the designation, Certificate Rate, aggregate Initial Certificate Principal
Balance and Maturity Date for each Class of Certificates comprising the
interests representing "regular interests" in the Trust REMIC (the "REMIC
Regular Certificates"). The "latest possible maturity date" (determined solely
for purposes of satisfying Treasury Regulation Section 1.860G-1(a)(4)(iii)) for
each Class of REMIC Regular Certificates shall be the first Distribution Date
that follows the stated maturity date for the Mortgage Loan included in the
Trust Fund as of the Closing Date with the longest remaining term to stated
maturity.
<TABLE>
<CAPTION>
Aggregate Initial
Certificate
Designation Type Certificate Rate Principal Balances Maturity Date
- ----------- ----------- ---------------- ------------------ ----------------
<S> <C> <C> <C> <C>
Class A-I Senior Adjustable $355,425,133 October 25, 2031
Class A-II Senior Adjustable $204,737,158 October 25, 2031
Class S Subordinate * N/A October 25, 2031
</TABLE>
* As set forth in the definition of "Certificate Rate" herein.
All covenants and agreements made by the Depositor herein are for the
benefit and security of the Certificateholders and the Insurer. The Depositor
is entering into this Agreement, and the Trustee is accepting the trusts created
hereby and thereby, for good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged. The principal balance of the
Mortgage Loans as of the Cut-off Date is $560,162,292.26.
The parties hereto intend to effect an absolute sale and assignment of
the Mortgage Loans to the Trustee for the benefit of Certificateholders and the
Insurer under the Mortgage Loan Purchase Agreement and this Agreement. However,
the Seller will hereunder absolutely assign, and as a precautionary matter grant
a security interest in and to, its rights, if any, in the Mortgage Loans, the CD
Collateral and the Reserve Account to the Trustee on behalf
<PAGE>
of Certificateholders and the Insurer to ensure that the interest of the
Certificateholders and the Insurer hereunder in the Mortgage Loans, the CD
Collateral and the Reserve Account is fully protected.
W I T N E S S E T H T H A T:
In consideration of the mutual agreements herein contained, the
Depositor, the Servicer, the Seller and the Trustee agree as follows:
ARTICLE I
DEFINITIONS
Whenever used in this Agreement, the following words and phrases,
unless the context otherwise requires, shall have the following meanings:
Adjusted Servicing Fee Rate: For each Distribution Date, as to each
---------------------------
Mortgage Loan, a per annum rate equal to the percentage equivalent of a fraction
the numerator of which is the amount described in clause (i) of the definition
of Servicing Fee for such Mortgage Loan in effect as of the Due Date in the
preceding calendar month, and the denominator of which is the Principal Balance
of such Mortgage Loan immediately preceding such Distribution Date.
Adjustment Date: As to each Mortgage Loan, each date set forth in the
---------------
related Mortgage Note on which an adjustment to the interest rate on such
Mortgage Loan becomes effective.
Adverse REMIC Event: As defined in Section 2.06(f).
-------------------
Agreement: This Pooling and Servicing Agreement and any and all
---------
amendments or supplements hereto.
Appraised Value: The appraised value of the Mortgaged Property based
---------------
upon the appraisal made for the originator at the time of the origination of the
related Mortgage Loan or the sales price of the Mortgaged Property at the time
of such origination, whichever is less, or with respect to any Mortgage Loan
that represents a refinancing, the lower of the appraised value at origination
or the appraised value of the Mortgaged Property based upon the appraisal made
at the time of such refinancing.
Available Distribution Amount: With respect to any Distribution Date
-----------------------------
and each Loan Group, the excess of
(a) the sum of (i) the aggregate amount of payments and collections
received by the Servicer in respect of each Mortgage Loan on or prior to
the related Determination Date and not previously remitted, from any
source, including amounts received from the related Mortgagor, Insurance
Proceeds, Liquidation Proceeds (net of related Liquidation Expenses) and
condemnation awards, and amounts received in connection with the
<PAGE>
purchase of any Mortgage Loans by the Seller or Servicer and the
substitution of Replacement Mortgage Loans, and excluding interest and
other earnings on amounts on deposit in or credited to the Custodial
Account and the Certificate Account, (ii) the aggregate amount of Monthly
Advances required to be remitted by the Servicer relating to such
Distribution Date, (iii) amounts withdrawn from the Reserve Account
pursuant to Section 4.07(c) for such Distribution Date, and (iv) Insured
Payments payable pursuant to the Policy with respect to such Distribution
Date (in each case with respect to the related Loan Group);
over
(b) the sum of (i) the aggregate amount of the servicing compensation
to be paid to the Servicer pursuant to the terms hereof (including, without
limitation, Servicing Fees, prepayment penalties, fees or premiums, late
payment charges and assumption fees and any excess interest charges payable
by the Mortgagor by virtue of any default or other non-compliance by the
Mortgagor with the terms of the Mortgage Loan or any other instrument or
document executed in connection therewith or otherwise), (ii) any amount
included therein representing late payments or other recoveries of
principal or interest (including Liquidation Proceeds (net of Liquidation
Expenses), Insurance Proceeds and condemnation awards) with respect to any
Mortgage Loans in respect of which the Servicer has made a previously
unreimbursed Monthly Advance to the extent of such Monthly Advance, (iii)
amounts included therein representing reimbursement of Nonrecoverable
Advances and other amounts permitted to be withdrawn from the Custodial
Account or the Certificate Account, (iv) all Monthly Payments or portions
thereof (other than Principal Prepayments and other unscheduled collections
of principal) received in respect of scheduled principal and interest on
any Mortgage Loan due after the related Due Period and included therein,
(v) all payments due on any Mortgage Loan on or prior to the Cut-off Date
and included therein, (vi) an amount equal to the Principal Balance of each
Mortgage Loan immediately prior to such Distribution Date multiplied by
one-twelfth of the Trustee Fee Rate, (vii) Principal Prepayments and other
unscheduled collections of principal received after the related Prepayment
Period and included therein and (viii) the Certificate Insurer Premium
payable as of such Distribution Date (in each case with respect to the
related Loan Group).
The Available Distribution Amount, when used without reference to a particular
Loan Group, means the sum of the Available Distribution Amounts for both Loan
Groups.
Bankruptcy Code: The United States Bankruptcy Code, as amended from
---------------
time to time (11 U.S.C.).
Beneficial Holder: A Person holding a beneficial interest in any
-----------------
Certificate through a Participant or an Indirect Participant or a Person holding
a beneficial interest in any Definitive Certificate, as defined in Section 6.07.
Book-Entry Certificates: Certificates evidencing a beneficial
-----------------------
interest in the Trust Fund, ownership and transfers of which shall be made
through book entries, as described in Section 6.07.
<PAGE>
Business Day: Any day other than (i) a Saturday or a Sunday, or (ii)
------------
a day on which the Insurer or banking institutions in New York or the state in
which the Servicer or the Corporate Trust Office are located are authorized or
obligated by law or executive order to be closed.
CD Account: With respect to each CD Pledge Loan, the certificate of
----------
deposit account established by the related Mortgagor at Chevy Chase Bank, F.S.B.
CD Collateral: Collateral pledged to the Seller by a Mortgagor in
-------------
connection with the origination of a Mortgage Loan in lieu of a cash
downpayment, including without limitation, the related pledge and guaranty
agreement, the certificate of deposit and all right, title and interest in and
to the related certificate of deposit account.
CD Pledge Agreement: With respect to each CD Pledge Loan, the pledge
-------------------
and guaranty agreement signed by the related Mortgagor upon origination of such
CD Pledge Loan, whereby the Mortgagor, among other things, pledges a security
interest to the Seller in the related CD Account to secure the related Mortgage
Note.
CD Pledge Loan: A Mortgage Loan with respect to which the related
--------------
Mortgagor has pledged CD Collateral to the Seller in connection with the
origination of such Mortgage Loan.
Certificate: Any Class A-I, Class A-II, Class S or Class R
-----------
Certificate executed and authenticated by the Trustee for the benefit of the
Certificateholders in substantially the form or forms attached as Exhibits
hereto.
Certificate Account: The separate account or accounts created and
-------------------
maintained by the Trustee pursuant to Section 4.01, in the name of the Trustee
for the benefit of the Certificateholders and the Insurer for deposit of
payments and collections in respect of the Mortgage Loans pursuant to Section
4.01 hereof, which account or accounts must be an Eligible Account or Accounts.
Certificate Principal Balance: On any date and with respect to each
-----------------------------
Class of the Class A Certificates, the Initial Certificate Principal Balance of
such Class less the sum of (i) all amounts previously distributed to Holders of
such Class with respect to principal pursuant to Section 4.02 and (ii) all
amounts of Realized Losses previously allocated to such Class pursuant to
Section 4.03, unless an Insured Payment in respect of such amount has been paid
by the Insurer and is included in clause (i) above.
Certificate Rate: In the case of each Class of the Class A
----------------
Certificates and any Distribution Date, a per annum rate equal to the weighted
average, expressed as a percentage, of the Net Mortgage Rates of the Mortgage
Loans in the related Loan Group, weighted on the basis of the respective
Principal Balances of such Mortgage Loans at the close of business on the Due
Date immediately preceding the related Due Period after giving effect to
distributions on such date allocable to principal. With respect to the Class S
Certificates and any Distribution Date, a rate per annum equal to 0.80%.
Interest on the Certificates will be computed on the basis of a 360-day year
comprised of twelve 30-day months.
<PAGE>
Certificate Register: The register maintained pursuant to Section
--------------------
6.02(a) hereof.
Certificateholder or Holder: The Person in whose name a Certificate
----------------- ------
is registered in the Certificate Register.
Class: Each of the Class A-I, Class A-II, Class S or Class R
-----
Certificates, as appropriate.
Class A Certificate: Any of the Class A-I Certificates or Class A-II
-------------------
Certificates.
Class A-I Certificate: A Certificate executed and authenticated by
---------------------
the Trustee in substantially the form set forth in Exhibit A hereto and
---------
designated as a Class A-I Certificate and evidencing ownership of interests
designated as "regular interests" in the Trust REMIC for purposes of the REMIC
Provisions.
Class A-II Certificate: A Certificate executed and authenticated by
----------------------
the Trustee in substantially the form set forth in Exhibit A hereto and
---------
designated as a Class A-II Certificate and evidencing ownership of interests
designated as "regular interests" in the Trust REMIC for purposes of the REMIC
Provisions.
Class A-I Cumulative Interest Shortfall Amount: On any Distribution
----------------------------------------------
Date, an amount equal to (i) any portion of a Class A-I Interest Distribution
Amount that was not distributed to the Holders of the Class A-I Certificates on
any preceding Distribution Date less (ii) any amount described in clause (i)
hereof that is included in a Realized Loss that has been allocated to the Class
A-I Certificates on or prior to such Distribution Date.
Class A-II Cumulative Interest Shortfall Amount: On any Distribution
-----------------------------------------------
Date, an amount equal to (i) any portion of a Class A-II Interest Distribution
Amount that was not distributed to the Holders of the Class A-II Certificates on
any preceding Distribution Date less (ii) any amount described in clause (i)
hereof that is included in a Realized Loss that has been allocated to the Class
A-II Certificates on or prior to such Distribution Date.
Class A-I Interest Distribution Amount: On any Distribution Date, (a)
--------------------------------------
one-twelfth of the product of (i) the Certificate Principal Balance of the Class
A-I Certificates immediately prior to such Distribution Date and (ii) the
related Certificate Rate, minus (b) the related Insurer Premium and the
aggregate amount of Prepayment Interest Shortfalls and Relief Act Shortfalls
allocated to such Certificates pursuant to Section 4.05 on such Distribution
Date.
Class A-II Interest Distribution Amount: On any Distribution Date,
---------------------------------------
(a) one-twelfth of the product of (i) the Certificate Principal Balance of the
Class A-II Certificates immediately prior to such Distribution Date and (ii) the
related Certificate Rate, minus (b) the related Insurer Premium and the
aggregate amount of Prepayment Interest Shortfalls and Relief Act Shortfalls
allocated to such Certificates pursuant to Section 4.05 on such Distribution
Date.
Class A-I Principal Distribution Amount: (a) On any Distribution
---------------------------------------
Date, the sum of (i) the principal due on the related Due Date for each Group I
Loan and received during the related Due Period or with respect to which a
Monthly Advance was made with respect to the related Due Period, (ii) for each
Group I Loan that was prepaid during the related Prepayment
<PAGE>
Period, the amount of the Principal Prepayment including, with respect to any
Group I Loan that was the subject of a Debt Service Reduction in any prior
Prepayment Period, the amount of any such Principal Prepayment that exceeds the
Principal Balance of such Group I Loan as of the date of the prepayment, (iii)
for each Group I Loan that was purchased by the Seller or Servicer during the
related Prepayment Period pursuant to Section 2.01, 2.02, 2.04, 3.12, 3.21 or
10.01 hereof, the principal amount of the Purchase Price (net of any amounts
with respect to which a distribution of principal has already been made) and the
amount of any shortfall deposited in the Custodial Account in connection with
the substitution of a Deleted Mortgage Loan pursuant to Section 2.01, 2.02 or
2.04 hereof during the related Prepayment Period, (iv) the aggregate amount of
the principal portion of Liquidation Proceeds and the principal portion of
Insurance Proceeds received with respect to such Group I Loan net of any
withdrawals permitted hereunder to be made by the Servicer from the Custodial
Account with respect to such Group I Loan, (v) for each Group I Loan with
respect to which any other unscheduled recovery of principal has been received
during the related Prepayment Period, the amount of such unscheduled recovery,
(vi) that portion, if any, of the Class S Interest Distribution Amount for such
Distribution Date allocated to the Class A-I Certificates (as provided in the
definition of Class S Interest Distribution Amount) in respect of the principal
portion of Realized Losses on Group I Loans in the related Prepayment Period,
(vii) amounts withdrawn from the Reserve Account in respect of the principal
portion of Realized Losses related to Group I Loans in the related Prepayment
Period in accordance with Section 4.07(c) and (viii) any amounts paid in respect
of a Collateralization Deficit related to Loan Group I pursuant to the Policy,
and (b) on the Scheduled Final Distribution Date, the outstanding Certificate
Principal Balance of the Class A-I Certificates.
Class A-II Principal Distribution Amount: (a) On any Distribution
----------------------------------------
Date, the sum of (i) the principal due on the related Due Date for each Group II
Loan and received during the related Due Period or with respect to which a
Monthly Advance was made with respect to the related Due Period, (ii) for each
Group II Loan that was prepaid during the related Prepayment Period, the amount
of the Principal Prepayment including, with respect to any Group II Loan that
was the subject of a Debt Service Reduction in any prior Prepayment Period, the
amount of any such Principal Prepayment that exceeds the Principal Balance of
such Group II Loan as of the date of the prepayment, (iii) for each Group II
Loan that was purchased by the Seller or Servicer during the related Prepayment
Period pursuant to Section 2.01, 2.02, 2.04, 3.12, 3.21 or 10.01 hereof, the
principal amount of the Purchase Price (net of any amounts with respect to which
a distribution of principal has already been made) and the amount of any
shortfall deposited in the Custodial Account in connection with the substitution
of a Deleted Mortgage Loan pursuant to Section 2.01, 2.02 or 2.04 hereof during
the related Prepayment Period, (iv) the aggregate amount of the principal
portion of Liquidation Proceeds and the principal portion of Insurance Proceeds
received with respect to such Group II Loan net of any withdrawals permitted
hereunder to be made by the Servicer from the Custodial Account with respect to
such Group II Loan, (v) for each Group II Loan with respect to which any other
unscheduled recovery of principal has been received during the related
Prepayment Period, the amount of such unscheduled recovery, (vi) that portion,
if any, of the Class S Interest Distribution Amount for such Distribution Date
allocated to the Class A-II Certificates (as provided in the definition of Class
S Interest Distribution Amount) in respect of the principal portion of Realized
Losses on Group II Loans in the related Prepayment Period, (vii) amounts
withdrawn from the Reserve Account in respect of the principal portion of
Realized Losses related to Group II Loans in the related Prepayment Period in
accordance with Section 4.07(c) and (viii) any amounts paid in
<PAGE>
respect of a Collateralization Deficit related to Loan Group II pursuant to the
Policy, and (b) on the Scheduled Final Distribution Date, the outstanding
Certificate Principal Balance of the Class A-II Certificates.
Class R Certificate: A Certificate executed and authenticated by the
-------------------
Trustee in substantially the form set forth in Exhibit C and designated as a
Class R Certificate and evidencing an interest designated as a "residual
interest" in the Trust REMIC for purposes of the REMIC Provisions.
Class S Certificate: A Certificate executed and authenticated by the
-------------------
Trustee in substantially the form set forth in Exhibit B hereto and designated
as a Class S Certificate and evidencing ownership of interests designated as
"regular interests" in the Trust REMIC for purposes of the REMIC Provisions.
Class S Interest Distribution Amount: On any Distribution Date, (a)
------------------------------------
the aggregate of the product of (i) the Principal Balance of each Mortgage Loan
immediately after the Distribution Date preceding such Distribution Date (or,
with respect to the first Distribution Date, immediately prior to the Closing
Date) and (ii) one-twelfth of 0.80%, minus (b) the aggregate amount of
Prepayment Interest Shortfalls and Relief Act Shortfalls allocated to the Class
S Certificates pursuant to Section 4.05 on such Distribution Date. On any
Distribution Date with respect to which there are Realized Losses, the Class S
Interest Distribution Amount, to the extent of such Realized Losses, shall be
allocated between the Class A-I and Class A-II Certificates in proportion to the
principal portion of Realized Losses on the related Loan Group for the related
Distribution Date.
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.
Code: The Internal Revenue Code of 1986.
----
Collateralization Deficit: With respect to any Distribution Date and a
-------------------------
Loan Group, the excess of (x) the aggregate outstanding Certificate Principal
Balance of the related Class of Class A Certificates (after giving effect to all
distributions to be made on such Distribution Date other than distributions from
amounts attributable to related Insured Payments) as of such Distribution Date
over (y) the aggregate outstanding Principal Balance of the Mortgage Loans in
such Loan Group as of the close of business on the related Due Date (reduced, to
the extent not already reflected, by any amounts received by the Servicer in
respect of scheduled payments of principal after such Due Date but before the
related Determination Date and any amounts allocable to principal paid by the
Servicer as part of a Monthly Advance after such Due Date but on or before the
related Servicer Advance Date, in each case with respect to the Mortgage Loans
in such Loan Group).
Converted Mortgage Loan: A Convertible Mortgage Loan the interest on
-----------------------
which has converted to a fixed interest rate in accordance with the terms of the
related Mortgage Note.
Convertible Mortgage Loan: Any Mortgage Loan which by its terms
-------------------------
grants to the related Mortgagor the option to convert the interest rate borne by
such Mortgage Loan from an adjustable interest rate to a fixed interest rate.
<PAGE>
Converting Mortgage Loan: Any Convertible Mortgage Loan with respect
------------------------
to which the related Mortgagor has given notice of its intent to convert from an
adjustable interest rate to a fixed interest rate and prior to the conversion of
such Convertible Mortgage Loan.
Corporate Trust Office: The designated office of the Trustee in the
----------------------
State of Minnesota at which at any particular time its corporate trust business
shall be administered, which office at the date of the execution of this
Agreement is located at 180 East Fifth Street, Minneapolis, Minnesota 55101.
Cumulative Insurance Payments: As of any time of determination, the
-----------------------------
aggregate amount of all Insured Payments previously made by the Insurer under
the Policy plus any unpaid Insurer Premium, plus interest thereon from the date
such amounts became due until paid in full, at a rate of interest equal to the
Late Payment Rate and in accordance with Section 3.03(a) of the Insurance
Agreement, minus the sum of the aggregate of all payments previously made to the
Insurer pursuant to Section 4.02 hereof as reimbursement for such amounts.
Custodial Account: The deposit account or accounts created and
-----------------
maintained by the Servicer pursuant to Section 3.07 hereof in the name of a
depository institution which may be the Servicer for the benefit of the
Certificateholders and the Insurer, which account or accounts must be Eligible
Accounts.
Cut-off Date: March 1, 1998.
------------
Debt Service Reduction: With respect to any Mortgage Loan, a
----------------------
reduction in the scheduled Monthly Payment for such Mortgage Loan by a court of
competent jurisdiction in a proceeding under the Bankruptcy Code, except such a
reduction constituting a Deficient Valuation or any reduction that results in a
permanent forgiveness of principal.
Deficiency Amount: With respect to each Class of the Class A
-----------------
Certificates as of any Distribution Date, the sum of (i) any shortfall in the
related Available Distribution Amount to pay the Class A-I Interest Distribution
Amount or Class A-II Interest Distribution Amount, as applicable, and (ii) the
related Collateralization Deficit.
Deficient Valuation: With respect to any Mortgage Loan, a valuation
-------------------
by a court of competent jurisdiction of the Mortgaged Property in an amount less
than the then outstanding indebtedness under the Mortgage Loan, or that results
in a permanent forgiveness of principal, which valuation in either case results
from a proceeding under the Bankruptcy Code.
Deleted Mortgage Loan: A Mortgage Loan replaced or to be replaced by a
---------------------
Replacement Mortgage Loan.
Delinquency Amount: As of any Distribution Date, the product of the
------------------
Rolling Three Month Delinquency Percentage and the aggregate Principal Balances
of the Mortgage Loans as of the close of business on the last day of the related
Due Period immediately preceding such Distribution Date.
Delinquency Percentage: With respect to any Distribution Date, the
----------------------
percentage equivalent of a fraction (a) the numerator of which equals the
aggregate Principal Balances of
<PAGE>
all Mortgage Loans that are 90 or more days delinquent, in foreclosure or
converted to REO Properties as of the close of business on the last day of the
related Due Period and (b) the denominator of which is the aggregate Principal
Balance of the Mortgage Loans as of the close of business on the last day of
such Due Period.
Delivered: With respect to any Eligible Investment, when the steps
---------
applicable to such item as specified below are completed:
(i) if such item is an instrument, delivering such instrument to the
Trustee endorsed to the Trustee or endorsed in blank;
(ii) if such item is a certificated security, delivering such
certificated security to the Trustee in bearer form or in registered form
issued to the Trustee or endorsed to the Trustee or endorsed in blank by an
effective endorsement;
(iii) if such item is a security entitlement other than a United
States Security Entitlement, causing a securities intermediary (who shall
maintain the related financial asset in a quantity corresponding to the
aggregate of all security entitlements it has has established with respect
to such financial asset) to indicate by book entry that such security
entitlement has been credited to a securities account of the Trustee with
such securities intermediary;
(iv) if such item is a United States Security Entitlement, causing a
securities intermediary (who shall maintain the related financial asset in
a quantity corresponding to the aggregate of all security entitlements it
has has established with respect to such financial asset) to indicate by
book entry that such United States Security Entitlement has been credited
to a securities account of the Trustee with such securities intermediary;
(v) if such item is a securities account, causing the securities
intermediary to indicate by book entry that all security entitlements
carried in the securities account have been credited to such securities
account; and
(vi) if such item is an uncertificated security, causing the issuer of
such uncertificated security to register the Trustee as the registered
owner of such uncertificated security.
Delivery Date: March 27, 1998.
-------------
Depositor: Credit Suisse First Boston Mortgage Securities Corp., a
---------
Delaware corporation, or its successor in interest.
Depository Agreement: The Letter of Representation dated as of March
--------------------
27, 1998 by and among DTC, the Depositor and the Trustee.
Determination Date: The 15th day (or if such 15th day is not a
------------------
Business Day, the Business Day immediately preceding such 15th day) of the month
of the related Distribution Date.
<PAGE>
Disqualified Organization: Any organization defined as a
-------------------------
"disqualified organization" under Section 860E(e)(5) of the Code, which includes
any of the following: (i) the United States, any State or political subdivision
thereof, any possession of the United States, or any agency or instrumentality
of any of the foregoing (other than an instrumentality which is a corporation if
all of its activities are subject to tax and, except for the FHLMC, a majority
of its board of directors is not selected by such governmental unit), (ii) a
foreign government, any international organization, or any agency or
instrumentality of any of the foregoing, (iii) any organization (other than
certain farmers' cooperatives described in Section 521 of the Code) which is
exempt from the tax imposed by Chapter 1 of the Code (including the tax imposed
by Section 511 of the Code on unrelated business taxable income), (iv) rural
electric and telephone cooperatives described in Section 1381(a)(2)(C) of the
Code. A Disqualified Organization also includes any "electing large
partnership" as defined in Section 775(a) of the Code and any other Person so
designated by the Trustee based upon an Opinion of Counsel that the holding of
an Ownership Interest in a Class R Certificate by such Person may cause the
Trust REMIC or any Person having an Ownership Interest in any Class of
Certificates (other than such Person) to incur a liability for any federal tax
imposed under the Code that would not otherwise be imposed but for the Transfer
of an Ownership Interest in a Class R Certificate to such Person. The terms
"United States", "State" and "international organization" shall have the
meanings set forth in Section 7701 of the Code or successor provisions.
Distribution Date: The 25th day of each calendar month, or if such
-----------------
25th day is not a Business Day, the next succeeding Business Day, commencing in
April, 1998.
DTC: The Depository Trust Company.
---
Due Date: The first day of the calendar month in which the related
--------
Distribution Date occurs.
Due Period: The period from and including the second day of the
----------
calendar month preceding the calendar month in which any Distribution Date
occurs to and including the first day of the calendar month in which such
Distribution Date occurs.
Eligible Account: Either (i) an account or accounts maintained with a
----------------
federal or state-chartered depository institution or trust company (which may be
the Servicer or an affiliate of the Servicer or which may be the Trustee or an
affiliate of the Trustee) the short-term unsecured debt obligations of which
(or, in the case of a depository institution or trust company that is the
principal subsidiary of a holding company, the short-term unsecured debt
obligations of such holding company) are rated by each Rating Agency not lower
than P-1 in the case of Moody's and A-1+ in the case of Standard & Poor's, (ii)
an account or accounts the deposits in which are fully insured by the FDIC,
provided that any such deposits not so insured shall be otherwise maintained
such that (as evidenced by an Opinion of Counsel delivered to the Trustee and
the Rating Agencies) the applicable Certificateholders have a claim with respect
to the funds in such account or a perfected first priority security interest
against any collateral (which shall be limited to Eligible Investments) securing
such funds that is superior to claims of any other depositors or creditors of
the depository institution or trust company with which such account is
maintained, (iii) a trust account or accounts maintained with the trust
department of a federal or state chartered depository institution or trust
company acting in its fiduciary capacity, provided that any such state chartered
depository institution is subject to regulation regarding
<PAGE>
funds on deposit substantially similar to the regulations set forth in 12 C.F.R.
(S) 9.10(b) or (iv) any account maintained at any Federal Home Loan Bank.
Eligible Investments: At any time, any one or more of the following
--------------------
obligations, instruments and securities:
(i) obligations of the United States or any agency thereof, provided
such obligations are backed by the full faith and credit of the United
States;
(ii) general obligations of or obligations guaranteed by any state of
the United States or the District of Columbia receiving the highest long-
term rating of Moody's and Standard & Poor's, or such lower ratings as are
acceptable to the Insurer and will not result in the downgrading or
withdrawal of the rating, if any, then assigned to the Class A Certificates
by each applicable Rating Agency;
(iii) commercial paper (having original maturities of not more than
270 days) which is then rated in the highest commercial paper rating
category of Moody's and Standard & Poor's, or such lower category as is
acceptable to the Insurer and will not result in the downgrading or
withdrawal of the rating then assigned to the Class A Certificates by each
applicable Rating Agency;
(iv) certificates of deposit, demand or time deposits, federal funds
or bankers' acceptances (in each case having maturities of not more than
365 days) issued by any depository institution or trust company
incorporated under the laws of the United States or of any state thereof
and subject to supervision and examination by federal and/or state banking
authorities, provided that the commercial paper and/or long-term debt
obligations of such depository institution or trust company (or in the case
of a depository institution or trust company that is the principal
subsidiary of a holding company, the commercial paper or long-term debt
obligations of such holding company) are then rated in the highest rating
category of Moody's and Standard & Poor's, in the case of commercial paper,
and in the highest category in the case of long-term debt obligations, or
such lower categories as is acceptable to the Insurer and will not result
in the downgrading or withdrawal of the rating then assigned to the Class A
Certificates by each applicable Rating Agency, and, in the case of short-
term debt obligations which have maturities of 30 days or less, a rating of
P-1 by Moody's, and a rating of A-1+ by Standard & Poor's;
(v) demand or time deposits or certificates of deposit issued by (a)
any Federal Home Loan Bank or (b) any bank or trust company or savings
association which is rated at least "A" by Standard & Poor's which has
combined capital, surplus and undistributed profits of not less than $50
million and fully insured by the FDIC;
(vi) repurchase obligations with respect to any security described in
(i) and (ii) above or any other security issued or guaranteed by an agency
or instrumentality of the United States, in either case entered into with a
depository institution or trust company (acting as principal) described in
(iv) above;
<PAGE>
(vii) securities bearing interest or sold at a discount issued by any
corporation incorporated under the laws of the United States or any state
thereof which, at the time of such investment or contractual commitment
providing for such investments are then rated in the highest rating
category of Moody's and Standard & Poor's or in such lower rating category
as will not result in the downgrading or withdrawal of the rating, if any,
then assigned to the Class A Certificates by each applicable Rating Agency;
(viii) such other investments which are acceptable to the Insurer and
do not adversely affect the rating, if any, on the Class A Certificates by
each applicable Rating Agency; and
(ix) units of taxable money-market portfolios rated in the highest
rating category by Moody's and Standard & Poor's and not restricted to
obligations issued or guaranteed by any agency or instrumentality of the
United States or entities whose obligations are backed by the full faith
and credit of the United States and repurchase agreements collateralized by
such obligations.
provided that (A) such obligation or security is held for a temporary period
pursuant to Treasury Regulations Section 1.860G-2(g)(1), and (B) Eligible
Investments shall include only such obligations or securities that mature on or
before the (i) Business Day immediately preceding the next Distribution Date
with respect to amounts on deposit in the Certificate Account or the Reserve
Account and (ii) the second Business Day immediately preceding the next
Distribution Date with respect to amounts on deposit in the Custodial Account.
In addition, no Eligible Investment which incorporates a penalty for early
withdrawal will be used unless the maturity of such Eligible Investment is on or
before the Business Day immediately preceding the next Distribution Date.
Escrow Account: As defined in Section 3.08.
--------------
Event of Default: As defined in Section 8.01 hereof.
----------------
FDIC: The Federal Deposit Insurance Corporation, or any successor
----
thereto.
FHLMC: The Federal Home Loan Mortgage Corporation, a corporate
-----
instrumentality of the United States created and existing under Title III of the
Emergency Home Finance Act of 1970, as amended, or any successor thereto.
Final Distribution Date: The Distribution Date on which the final
-----------------------
distribution in respect of the Certificates will be made pursuant to Section
10.01, which Final Distribution Date shall in no event be later than the end of
the 90-day liquidation period described in Section 10.03.
Five-Year Index: With respect to any Mortgage Loan and as to any
---------------
Adjustment Date therefor, a per annum rate equal to the weekly average yield on
U.S. Treasury securities adjusted to a constant maturity of five years as
reported by the Federal Reserve Board in statistical Release No. H.15(519) as of
the date specified in the related Mortgage Note, or, in the event that such
index is no longer available, an index selected by the Servicer and reasonably
acceptable to the Trustee that is based on comparable information.
<PAGE>
FNMA: The Federal National Mortgage Association, a federally
----
chartered and privately owned corporation organized and existing under the
Federal National Mortgage Association Charter Act, or any successor thereto.
Group I Loans: The Mortgage Loans designated on the Mortgage Loan
-------------
Schedule attached hereto as Exhibit D-1. The Group I Loans relate to the Class
A-I Certificates.
Group II Loans: The Mortgage Loans designated on the Mortgage Loan
--------------
Schedule attached hereto as Exhibit D-2. The Group II Loans relate to the Class
A-II Certificates.
Index: Any or all of the One-Year Index, Three-Year Index and Five-
-----
Year Index.
Indirect Participants: Entities, such as banks, brokers, dealers and
---------------------
trust companies, that clear through or maintain a custodial relationship with a
Participant, either directly or indirectly.
Initial Certificate Principal Balance: With respect to the Class A-I
-------------------------------------
Certificates, $355,425,133, and with respect to the Class A-II Certificates,
$204,737,158.
Insurance Account: The account or accounts created and maintained
-----------------
pursuant to Section 4.06, which shall be entitled "U.S. Bank National
Association, as trustee, in trust for the registered holders of Chevy Chase
Bank, F.S.B., Mortgage-Backed Pass-Through Certificates, Series 1998-CCB1, Class
A," and which must be an Eligible Account.
Insurance Agreement: The Insurance Agreement dated as of March 1,
-------------------
1998 among the Insurer, the Trustee, the Servicer, the Seller and the Depositor.
Insurance Proceeds: Amounts paid pursuant to any insurance policy
------------------
with respect to a Mortgage Loan that have not been used to restore the related
property.
Insured Payment: With respect to each Class of the Class A
---------------
Certificates, as of any Distribution Date, the related Deficiency Amount, if
any, for such Distribution Date.
Insurer: MBIA Insurance Corporation or its successors in interest.
-------
Insurer Default: The existence and continuance of any of the
---------------
following: (a) a failure by the Insurer to make a payment required under the
Policy in accordance with its terms; or (b)(i) the Insurer (A) files any
petition or commences any case or proceeding under any provision or chapter of
the Bankruptcy Code or any other similar federal or state law relating to
insolvency, bankruptcy, rehabilitation, liquidation or reorganization, (B) makes
a general assignment for the benefit of its creditors, or (C) has an order for
relief entered against it under the Bankruptcy Code or any other similar federal
or state law relating to insolvency, bankruptcy, rehabilitation, liquidation or
reorganization which is final and nonappealable; or (ii) a court of competent
jurisdiction, the New York Department of Insurance or other competent regulatory
authority enters a final and nonappealable order, judgment or decree (A)
appointing a custodian, trustee, agent or receiver for the Insurer or for all or
any material portion of its property or (B) authorizing the taking of possession
by a custodian, trustee, agent or receiver of the Insurer (or the taking of
possession of all or any material portion of the property of the Insurer).
<PAGE>
Insurer Premium: With respect to any Distribution Date and each Class
---------------
of the Class A Certificates, an amount equal to one-twelfth of the product of
the Insurer Premium Rate and the aggregate Certificate Principal Balance of such
Class of Certificates immediately prior to such Distribution Date.
Insurer Premium Rate: The rate set forth in the Insurance Agreement.
--------------------
Late Payment Rate: As defined in the Insurance Agreement.
-----------------
Lender-Paid MI Loan: A Mortgage Loan so indicated on the Mortgage
-------------------
Loan Schedule.
Liquidated Loan: With respect to any Distribution Date, a Mortgage
---------------
Loan which, as of the close of business on the Business Day next preceding the
related Determination Date, (a) has been liquidated through deed in lieu of
foreclosure, sale in foreclosure, trustee's sale or other realization as
provided by applicable law of real property subject to the related Mortgage and
any security agreements or (b) with respect to which payment under related
private mortgage insurance or hazard insurance and/or from any public or
governmental authority on account of a taking or condemnation of any such
property has been received; provided, however, that any REO Property shall not
be treated as a Liquidated Loan until such property has been finally liquidated.
Liquidation Expenses: Customary and reasonable "out of pocket"
--------------------
expenses incurred by the Servicer (or the related Sub-Servicer) in connection
with the liquidation of any defaulted Mortgage Loan and not recovered by the
Servicer (or the related Sub-Servicer) under a Primary Mortgage Insurance Policy
for reasons other than the Servicer's failure to comply with Section 3.10
hereof, such expenses including, without limitation, legal fees and expenses,
any unreimbursed amount expended by the Servicer pursuant to Section 3.11 hereof
respecting the related Mortgage and any related and unreimbursed expenditures
for real estate property taxes or for property restoration or preservation to
the extent not previously reimbursed under any hazard insurance policy for
reasons other than the Servicer's failure to comply with Section 3.11 hereof.
Liquidation Proceeds: Amounts other than Insurance Proceeds received
--------------------
in connection with the liquidation of a defaulted Mortgage Loan, whether through
trustee's sale, foreclosure sale or otherwise or amounts received in connection
with any condemnation or partial release of a Mortgaged Property.
Loan Group: Either or both of Loan Group I and Loan Group II.
----------
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-to-Value Ratio: As of any date, the fraction, expressed as a
-------------------
percentage, the numerator of which is the Principal Balance of the related
Mortgage Loan at the date of determination (less, in the case of a CD Pledge
Loan, the amount of cash held in the related CD Account) and the denominator of
which is the Appraised Value of the related Mortgaged
<PAGE>
Property or, in the case of a Replacement Mortgage Loan, the appraised value of
the related Mortgaged Property based upon an appraisal made within 180 days
prior to the date of substitution of such Replacement Mortgage Loan for a
Deleted Mortgage Loan.
Margin: As to each Mortgage Loan, the fixed percentage set forth in
------
the related Mortgage Note, which percentage is added to the applicable Index on
each Adjustment Date to determine (subject to rounding in accordance with the
related Mortgage Note, the applicable Periodic Cap, Maximum Interest Rate and
Minimum Interest Rate) the interest rate to be borne by such Mortgage Loan until
the next Adjustment Date thereof.
Maturity Date: The latest possible maturity date, solely for purposes
-------------
of Section 1.860G-1(a)(4)(iii) of the Treasury regulations, by which the
Certificate Principal Balance, if any, of each Class of Regular Certificates
would be reduced to zero as determined under a hypothetical scenario which
assumes that such date is the Distribution Date in the month of the maturity
date of the Mortgage Loan with the latest scheduled maturity date. The Maturity
Date for each Class of Regular Certificates is October 25, 2031.
Maximum Interest Rate: As to any Mortgage Loan, the maximum interest
---------------------
rate that may be borne by such Mortgage Loan as set forth in the related
Mortgage Note, which rate may be applicable to such Mortgage Loan at any time
during the life of such Mortgage Loan.
Minimum Interest Rate: As to any Mortgage Loan, the minimum interest
---------------------
rate that may be borne by such Mortgage Loan as set forth in the related
Mortgage Note, which rate may be applicable to such Mortgage Loan at any time
during the life of such Mortgage Loan.
Monthly Advance: The aggregate of the advances made by or on behalf
---------------
of the Servicer with respect to any Distribution Date pursuant to Section 5.01
hereof, the amount of any such advances being equal to the regular monthly
installments of principal and interest on the Mortgage Loans that were due on
the related Due Date and delinquent as of the close of business on the related
Determination Date, after adjustment of any delinquent interest payment to be
equal to interest at a rate equal to the Mortgage Rate less the Servicing Fee
Rate on the Principal Balance of the Mortgage Loans, less the aggregate amount
of any such delinquent payments that the Servicer has determined would
constitute a Nonrecoverable Advance if made.
Monthly Payment: The scheduled monthly payment of principal and
---------------
interest on a Mortgage Loan.
Moody's: Moody's Investors Service, Inc. or any successor thereto.
-------
Mortgage: The mortgage, deed of trust or other instrument creating a
--------
first lien on a fee simple or leasehold estate in real property securing a
Mortgage Note.
Mortgage File: For each Mortgage Loan, the Trustee Mortgage File and
-------------
the Servicer Mortgage File.
Mortgage Loan: Each of the mortgage loans transferred and assigned to
-------------
the Trustee pursuant to the provisions hereof as from time to time are held as a
part of the Trust
<PAGE>
Fund, evidenced by a Mortgage Note and secured by a Mortgage, the mortgage loans
so held being identified in the Mortgage Loan Schedule, as amended from time to
time.
Mortgage Loan Purchase Agreement: The Mortgage Loan Purchase
--------------------------------
Agreement dated as of March 1, 1998 between the Depositor, Credit Suisse First
Boston Corporation and the Seller, pursuant to which the Depositor purchased the
Mortgage Loans from the Seller.
Mortgage Loan Repurchase Price: The price, calculated as set forth in
------------------------------
Section 10.01, to be paid in connection with the repurchase of the Mortgage
Loans pursuant to an Optional Termination of the Trust Fund.
Mortgage Loan Schedule: The list of Mortgage Loans transferred to the
----------------------
Trustee as part of the Trust Fund for the Certificates and from time to time
subject to this Agreement (as from time to time amended by the Servicer to
reflect the addition of Replacement Mortgage Loans and the deletion of Deleted
Mortgage Loans pursuant to the provisions of this Agreement), attached hereto as
Exhibit D-1 (with respect to the Group I Loans) and Exhibit D-2 (with respect to
- ----------- -----------
the Group II Loans), setting forth the following information with respect to
each Mortgage Loan:
(i) the loan number;
(ii) the city, state and zip code for each Mortgaged Property;
(iii) the applicable Index;
(iv) the Margin;
(v) the Maximum Interest Rate;
(vi) the Minimum Interest Rate;
(vii) the original term to maturity;
(viii) the remaining term to maturity;
(ix) the original principal balance;
(x) the Principal Balance as of the Cut-off Date;
(xi) the first Due Date;
(xii) the Monthly Payment in effect as of the Cut-off Date;
(xiii) the Loan-to-Value Ratio at origination;
(xiv) the Appraised Value of the Mortgaged Property;
(xv) the Net Mortgage Rate;
<PAGE>
(xvi) a code indicating whether the Mortgaged Property is either
(a) a detached single-family dwelling or a de minimis
planned unit development, (b) a condominium unit or a
dwelling in a planned unit development, or (c) a two- to
four-family residential property;
(xvii) a code indicating whether the Mortgaged Property at the
time of origination was represented to be owner-occupied;
(xviii) a code indicating whether the Mortgage Loan is a Lender-
Paid MI Loan;
(xix) a code indicating whether the Mortgage Loan is a CD Pledge
Loan;
(xx) the amount of any CD Collateral pledged to secure such
Mortgage Loan; and
(xxi) the purpose for which the financing was made.
Such schedule shall also set forth the total of the amounts described under (ix)
above for all of the Mortgage Loans. Such schedule may be in the form of more
than one list collectively setting forth all of the information required and
shall also be in a computer-readable format acceptable to the Trustee and the
Insurer.
Mortgage Note: The original executed note or other evidence of the
-------------
indebtedness of a Mortgagor under a Mortgage Loan, including a lost note
affidavit with a copy of the related note.
Mortgage Rate: The annual rate of interest borne by a Mortgage Note,
-------------
which is set forth in the related Mortgage Note. The Mortgage Rate for each
Mortgage Loan as of the Cut-off Date will be adjusted on each Adjustment Date to
a rate equal to the sum of the Index applicable to such Adjustment Date and the
Margin, rounded to or up to the nearest multiple of 0.125%, as specified in the
related Mortgage Note, subject to the application of the applicable Periodic
Cap, Maximum Interest Rate and Minimum Interest Rate.
Mortgaged Property: The underlying property securing a Mortgage Loan.
------------------
Mortgagor: The obligor on a Mortgage Note.
---------
Net Mortgage Rate: As to each Mortgage Loan, with respect to any
-----------------
Distribution Date, a rate per annum equal to (a) the Mortgage Rate in effect as
of the Due Date in the preceding calendar month minus (b) the Adjusted Servicing
Fee Rate minus (c) the Trustee Fee Rate minus (d) 0.80% per annum.
1933 Act: The Securities Act of 1933, as amended.
--------
Nonrecoverable Advance: The portion of any Monthly Advance previously
----------------------
made or proposed to be made by the Servicer or other advance previously made by
the Servicer that, in the good faith judgment of the Servicer, will not or, in
the case of a current delinquency,
<PAGE>
would not be, ultimately recoverable by the Servicer from Insurance Proceeds or
Liquidation Proceeds (net of Liquidation Expenses) with respect to the related
Mortgage Loan.
Officers' Certificate: A certificate signed by the Chairman of the
---------------------
Board, any Vice Chairman of the Board, the President, an Executive Vice
President, Senior Vice President, a Vice President, or other authorized officer,
and by the Treasurer, the Secretary, or one of the Assistant Treasurers or
Assistant Secretaries of the Depositor, the Seller, the Servicer, a Sub-Servicer
or the Trustee, as the case may be, and delivered to the Insurer, the Depositor,
the Servicer or the Trustee, as required by this Agreement.
One-Year Index: With respect to any Mortgage Loan and as to any
--------------
Adjustment Date therefor, a per annum rate equal to the weekly average yield on
U.S. Treasury securities adjusted to a constant maturity of one year as reported
by the Federal Reserve Board in statistical Release No. H.15(519) as of the date
specified in the related Mortgage Note, or, in the event that such index is no
longer available, an index selected by the Servicer and reasonably acceptable to
the Trustee that is based on comparable information.
Opinion of Counsel: A written opinion of counsel, who may be counsel
------------------
for the Depositor or the Servicer, reasonably acceptable to the Trustee and the
Insurer. With respect to the definition of Eligible Account in this Article I
and Sections 2.04 and 7.04 hereof and any opinion dealing with the qualification
of a remic or compliance with the REMIC Provisions, such counsel must (i) in
fact be independent of the Depositor and the Servicer, (ii) not have any direct
financial interest in the Depositor or the Servicer or in any affiliate of
either of them and (iii) not be connected with the Depositor or the Servicer as
an officer, employee, promoter, underwriter, trustee, partner, director or
Person performing similar functions.
Optional Termination: The purchase of the Mortgage Loans pursuant to
--------------------
Section 10.01.
Optional Termination Date: The date fixed by the Servicer for the
-------------------------
purchase of the Mortgage Loans pursuant to Section 10.01.
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.
Pass-Through Entity: (a) a regulated investment company described in
-------------------
Section 851 of the Code, a real estate investment trust described in Section 856
of the Code, a common trust fund or an organization described in Section 1381(a)
of the Code, (b) any partnership, trust or estate or (c) any person holding a
Class A Certificate as nominee for another person.
Percentage Interest: The percentage interest (which may be expressed
-------------------
as a fraction) evidenced by any Certificate, which (a) in the case of each Class
of the Class A Certificates, is equal to a fraction, the numerator of which is
the Initial Certificate Principal Balance of such Certificate, and the
denominator of which is equal to the aggregate Initial Certificate Principal
Balances of all Certificates of the same Class and (b) in the case of the Class
S or Class R Certificates, is set forth on the face thereof.
<PAGE>
Periodic Cap: With respect to each Mortgage Loan, the maximum
------------
increase or decrease in the Mortgage Rate on any Adjustment Date (other than
with respect to certain of the Mortgage Loans, the first Adjustment Date for
such Mortgage Loan), as specified in the related Mortgage Note.
Person: Any individual, corporation, partnership, joint venture,
------
association, joint-stock company, trust, unincorporated organization or
government, or any agency or political subdivision thereof.
Policy: The Certificate Guaranty Insurance Policy No. 26021 issued by
------
the Insurer in respect of the Class A Certificates, a copy of which is attached
hereto as Exhibit L.
Prepayment Interest Shortfall: As to any Distribution Date and any
-----------------------------
Mortgage Loan (other than a Mortgage Loan secured by an REO Property) that was
the subject of a Principal Prepayment during the related Prepayment Period, an
amount equal to the excess of one month's interest at the Mortgage Rate on the
Principal Balance of such Mortgage Loan over the amount of interest paid by the
Mortgagor for such Prepayment Period to the date of such Principal Prepayment.
Prepayment Period: With respect to any Distribution Date, the
-----------------
calendar month prior to the month in which such Distribution Date occurs.
Primary Mortgage Insurance Policy: Each primary policy of mortgage
---------------------------------
guaranty insurance with respect to the Mortgage Loans or any replacement policy
therefor.
Principal Balance: With respect to any Mortgage Loan, as of the date
-----------------
of any determination, the principal balance of such Mortgage Loan remaining to
be paid by the Mortgagor as of the Cut-off Date after deduction of all payments
due on or before the Cut-off Date, reduced (but not below zero) by the sum of
(i) all amounts previously received or collected by the Servicer in respect of
principal of such Mortgage Loan subsequent to the Cut-off Date, other than
amounts representing payments due on such Mortgage Loan on or prior to the Cut-
off Date; (ii) all Liquidation Proceeds (net of Liquidation Expenses) and
Insurance Proceeds allocated to principal; (iii) all amounts allocable to the
principal of such Mortgage Loan previously paid by the Servicer as part of a
Monthly Advance, in each case which were distributed to Certificateholders
pursuant to Section 4.02; and (iv) all Realized Losses allocated to
Certificateholders with respect thereto on any previous Distribution Date. In
the case of a Replacement Mortgage Loan, "Principal Balance" shall mean, at the
time of any determination, the principal balance of such Replacement Mortgage
Loan on the date of substitution after deduction of all payments due on or
before the Due Date in the month of substitution, reduced by the sums described
in (i) through (iv), above, after such Due Date.
Principal Prepayment: Any Mortgagor payment or other recovery of
--------------------
principal on a Mortgage Loan that is received in advance of its scheduled Due
Date and is not accompanied by an amount as to interest representing scheduled
interest due on any date or dates in any month or months subsequent to the month
of prepayment.
Purchase Price: With respect to any Mortgage Loan required to be
--------------
purchased by the Seller or Servicer pursuant to Section 2.01, 2.02, 2.04 or 3.12
or which the Servicer
<PAGE>
purchases pursuant to Section 3.21 the sum of (i) 100% of the Principal Balance
of the Mortgage Loan on the date of such purchase, (ii) accrued and unpaid
interest on the Mortgage Loan at a rate equal to the sum of the Net Mortgage
Rate, the Trustee Fee Rate and 0.80% per annum to the next Due Date and (iii)
the amount of any unreimbursed Monthly Advances and other advances made by the
Servicer with respect to such Mortgage Loan and reimbursable to the Servicer
hereunder. With respect to any Mortgage Loan required or allowed to be
purchased, the Servicer or Seller, as applicable, shall deliver to the Trustee
an Officers' Certificate as to the calculation of the Purchase Price.
Qualified Insurer: A mortgage guaranty insurance company duly
-----------------
qualified as such under the laws of the state of its principal place of business
and each other state having jurisdiction over such insurer in connection with
the insurance policy issued by such insurer, duly authorized and licensed by the
insurance regulatory authority of the state of its principal place of business
and, to the extent required by applicable law, each such other state, to
transact a mortgage guaranty insurance business in such state and each such
other state and to write the insurance provided by the insurance policy issued
by it and approved as an insurer by FHLMC or FNMA and whose claims-paying
ability will not adversely affect the rating on the Certificates.
Rating Agency: Moody's and Standard & Poor's or any successor
-------------
thereto.
Realized Loss: An amount determined by the Servicer and evidenced by
-------------
an Officers' Certificate delivered to the Trustee, in connection with any
Mortgage Loan equal to (a) with respect to any Liquidated Loan, the excess of
the Principal Balance of such Liquidated Loan plus interest thereon at a rate
equal to the sum of the applicable Net Mortgage Rate and the Trustee Fee Rate
from the Due Date as to which interest was last paid up to the Due Date next
succeeding such liquidation over proceeds, if any, received in connection with
such liquidation, after application of all withdrawals permitted to be made by
the Servicer from the related Custodial Account with respect to such Mortgage
Loan, (b) with respect to any Mortgage Loan which has become the subject of a
Deficient Valuation, the excess of the Principal Balance of the Mortgage Loan
over the principal amount as reduced in connection with the proceedings
resulting in the Deficient Valuation or (c) with respect to any Mortgage Loan
which has become the subject of a Debt Service Reduction, the present value of
all monthly Debt Service Reductions on such Mortgage Loan, assuming that the
Mortgagor pays each Monthly Payment on the applicable Due Date and that no
Principal Prepayments are received with respect to such Mortgage Loan,
discounted monthly at the applicable Mortgage Rate.
Record Date: With respect to any Distribution Date, the close of
-----------
business on the last Business Day of the month preceding the month in which the
applicable Distribution Date occurs.
Regular Certificates: All of the Certificates other than the Class R
--------------------
Certificates.
Relief Act: The Soldiers' and Sailors' Civil Relief Act of 1940, as
----------
amended.
Relief Act Shortfalls: With respect to any Distribution Date and any
---------------------
Mortgage Loan, the amount of any interest that is not collectible from the
Mortgagor during the related
<PAGE>
Due Period pursuant to the Relief Act or similar legislation or regulations as
in effect from time to time.
remic: A "real estate mortgage investment conduit", within the
-----
meaning of Section 860D of the Code.
REMIC Election: An election, for federal income tax purposes, to
--------------
treat certain assets as a remic.
REMIC Regular Interest: Any of the Class A Certificates and Class S
----------------------
Certificates. The Class A Certificates shall accrue interest at the related
Certificate Rate in effect from time to time, minus the Insurer Premium Rate,
and shall be entitled to distributions of principal, subject to the terms and
conditions hereof, in an aggregate amount equal to their initial Certificate
Principal Balance as set forth in the preliminary statement hereto. The Class S
Certificates shall accrue interest at the related Certificate Rate, and shall
not be entitled to any distributions of principal.
REMIC Provisions: Provisions of the federal income tax law relating
----------------
to remics, which appear at Section 860A through 860G of the Subchapter M of
Chapter 1 of the Code and related provisions, and regulations promulgated
thereunder, as the foregoing may be in effect from time to time.
REO Property: Any Mortgaged Property acquired by or in the name of
------------
the Trustee for the benefit of the Certificateholders and the Insurer in
foreclosure or by deed-in-lieu of foreclosure.
Replacement Mortgage Loan: A Mortgage Loan substituted by the
-------------------------
Servicer or Seller for a Deleted Mortgage Loan which must, on the date of such
substitution, as confirmed in an Officers' Certificate delivered to the Trustee,
(i) have an outstanding Principal Balance, after deduction of the principal
portion of the Monthly Payment due in the month of substitution (or in the case
of a substitution of more than one Mortgage Loan for a Deleted Mortgage Loan, an
aggregate Principal Balance, after such deduction), not in excess of the
Principal Balance of the Deleted Mortgage Loan (the amount of any shortage to be
deposited by the Servicer or Seller, as the case may be, in the Certificate
Account in the month of substitution as set forth in Section 2.03 of this
Agreement); (ii) at the time of substitution have a Net Mortgage Rate equal to
or exceeding the Net Mortgage Rate of the Deleted Mortgage Loan; (iii) have a
Loan-to-Value Ratio no higher than the Loan-to-Value Ratio of the Deleted
Mortgage Loan; (iv) have a remaining term to maturity no greater than (and not
more than one year less than) the Deleted Mortgage Loan; (v) be of the same or
better credit quality classification as that of the Deleted Mortgage Loan; and
(vi) comply with each representation and warranty relating to the Mortgage Loans
set forth in Section 2.04 hereof.
Required Insurance Policy: With respect to any Mortgage Loan, any
-------------------------
insurance policy that is required to be maintained from time to time under this
Agreement in respect of such Mortgage Loan, including each standard hazard and,
if applicable, flood insurance policy.
Reserve Account: The account established and maintained by the
---------------
Trustee in accordance with Section 4.07.
<PAGE>
Reserve Account Balance: With respect to each Distribution Date
-----------------------
(other than the first Distribution Date), the amount on deposit in the Reserve
Account as of the preceding Distribution Date after giving effect to all
distributions to be made on such preceding Distribution Date, and with respect
to the first Distribution Date, as of the Closing Date.
Reserve Account Decrease Amount: As of any Distribution Date, the
-------------------------------
excess, if any, of the amount on deposit in the Reserve Account on such
Distribution Date (after taking into account all allocations and distributions
to be made on such Distribution Date, including payments from the Reserve
Account in respect of Realized Losses) over the Reserve Account Requirement as
of such Distribution Date.
Reserve Account Increase Amount: On any Distribution Date, the
-------------------------------
excess, if any, of the Reserve Account Requirement as of such Distribution Date
over the amount on deposit in the Reserve Account as of such Distribution Date
(after taking into account all distributions to be made on such Distribution
Date, including payments from the Reserve Account in respect of Realized
Losses).
Reserve Account Initial Target: $5,601,622.92.
------------------------------
Reserve Account Monthly Investment Income: With respect to each
-----------------------------------------
Distribution Date, actual investment income received in respect of deposits in
the Reserve Account during the investment period applicable to the related
Eligible Investment in which such deposits were invested.
Reserve Account Requirement:
---------------------------
(a) As of the Delivery Date, zero;
(b) for any Distribution Date occurring during the period commencing
on the Delivery Date and ending on the later of the thirtieth distribution
date following the Delivery Date and the date upon which an aggregate
amount equal to one-half of the aggregate Principal Balance of the Mortgage
Loans as of the Cut-off Date has been received by the Class A
Certificateholders as payments in reduction of the Certificate Principal
Balance thereof, the greater of: (i) the Reserve Account Initial Target
and (ii) 0.60 multiplied by the Delinquency Amount as of such Distribution
Date; and
(c) for any Distribution Date occurring after the end of the period in
clause (b) above, the greatest of (i) 2% of the aggregate Principal Balance
of the Mortgage Loans as of the close of business on the last day of the
related Due Period preceding such Distribution Date, (ii) 0.60 multiplied
by the Delinquency Amount and (iii) the greater of (x) 0.25% of the
aggregate Principal Balance of the Mortgage Loans as of the Cut-off Date
and (y) the aggregate Principal Balance of the three Mortgage Loans with
the greatest Principal Balance as of such Distribution Date.
Notwithstanding the above, in the event of a claim on the Policy, the Reserve
Account Requirement shall not step down from the amount of the Reserve Account
Requirement in effect as of the Distribution Date immediately preceding such
claim on the Policy until such time as the amount of such claim is reimbursed to
the Insurer.
<PAGE>
Responsible Officer: When used with respect to the Trustee, the
-------------------
Chairman or Vice Chairman of the Board of Directors or Trustees, the Chairman or
Vice Chairman of the Executive or Standing Committee of the Board of Directors
or Trustees, the President, the Chairman of the Committee on Trust Matters, any
Vice President, any Assistant Vice President, the Secretary, any Assistant
Secretary, the Treasurer, any Assistant Treasurer, the Cashier, any Assistant
Cashier, any Trust Officer or Assistant Trust Officer, the Controller and any
Assistant Controller or any other officer of the Trustee customarily performing
functions similar to those performed by any of the above designated officers 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.
Rolling Three-Month Delinquency Percentage: As of any Distribution
------------------------------------------
Date, the fraction, expressed as a percentage, equal to the average of the
Delinquency Percentage for each of the three (or one and two in the case of the
first and second Distribution Dates) immediately preceding Due Periods.
Rule 144A: Rule 144A under the 1933 Act, as in effect from time to
---------
time.
Scheduled Final Distribution Date: October 25, 2032.
---------------------------------
Seller: Chevy Chase Bank, F.S.B. or its successor in interest.
------
Servicer: Chevy Chase Bank, F.S.B. or any successor under the terms
--------
of this Agreement.
Servicer Advance Date: The date on which the Servicer is required to
---------------------
make a Monthly Advance pursuant to Section 5.04 hereof.
Servicer Mortgage File: All documents pertaining to a Mortgage Loan
----------------------
not required to be included in the Trustee Mortgage File and held by the
Servicer or any Sub-Servicer.
Servicer Trigger Event: The occurrence of any of the following
----------------------
events:
(a) cumulative Realized Losses since the Delivery Date equal or exceed
1.00% of the aggregate Principal Balance of the Mortgage Loans as of the
Cut-off Date;
(b) cumulative Realized Losses for the three year period commencing on
the Delivery Date equal or exceed 0.75% of the aggregate Principal Balance
of the Mortgage Loans as of the Cut-off Date; or
(c) as of any Determination Date, the Rolling Three Month Delinquency
Percentage exceeds 4.0%.
Servicing Fee: For each calendar month, as to each Mortgage Loan, (i)
-------------
an amount equal to one month's interest (or in the event of any payment of
interest which accompanies a Principal Prepayment in full made by the Mortgagor,
interest for the number of days covered by such payment of interest) at a rate
equal to the sum of (A) the applicable
<PAGE>
Servicing Fee Rate and (B) in the case of Lender-Paid MI Loans, one-twelfth of
the additional interest rate payable thereon by the related Mortgagor) on the
Principal Balance of such Mortgage Loan immediately preceding the Distribution
Date occurring in such month and (ii) increased by any late payment charges,
assumption fees and other usual and customary fees collected from the Mortgagor
and by any net income on Eligible Investments held in the Custodial Account.
Servicing Fee Rate: 0.375% per annum.
------------------
Servicing Officer: Any officer of the Servicer involved in, or
-----------------
responsible for, the administration and servicing of the Mortgage Loans whose
name appears on a list of servicing officers furnished to the Trustee and the
Insurer on the Delivery Date by the Servicer pursuant to this Agreement, as such
list may from time to time be amended.
Standard & Poor's: Standard & Poor's Ratings Services, a division of
-----------------
the McGraw-Hill Companies, or its successor in interest.
Sub-Servicer: Any other entity with respect to any Mortgage Loan
------------
under any Sub-Servicing Agreement applicable to such Mortgage Loan and any
successors and assigns under such Sub-Servicing Agreement.
Sub-Servicing Agreement: Any servicing agreement between the Servicer
-----------------------
and a Sub-Servicer pursuant to which the Servicer delegates any of its servicing
responsibilities with respect to any of the Mortgage Loans.
Three-Year Index: With respect to any Mortgage Loan and as to any
----------------
Adjustment Date therefor, a per annum rate equal to the weekly average yield on
U.S. Treasury securities adjusted to a constant maturity of three years as
reported by the Federal Reserve Board in statistical Release No. H.15(519) as of
the date specified in the related Mortgage Note, or, in the event that such
index is no longer available, an index selected by the Servicer and reasonably
acceptable to the Trustee that is based on comparable information.
Transferee Affidavit and Agreement: As defined in Section
----------------------------------
6.02(g)(i)(B).
Trust Fund: Collectively, the assets of the Trust REMIC plus the
----------
Reserve Account and all amounts deposited therein pursuant to the provisions of
this Agreement.
Trust REMIC: The corpus of the trust created by this Agreement
-----------
consisting of (a) the Mortgage Loans listed in the Mortgage Loan Schedule,
including all interest and principal received or receivable by the Depositor on
or with respect to the Mortgage Loans after the Cut-off Date, but not including
payments of principal and interest due and payable on the Mortgage Loans on or
before the Cut-off Date, together with the Mortgage Files relating to the
Mortgage Loans, (b) CD Collateral, (c) REO Property, (d) the Custodial Account
and the Certificate Account and all amounts deposited therein pursuant to the
applicable provisions of this Agreement, (e) any insurance policies with respect
to the Mortgage Loans and (f) all proceeds of the conversion, voluntary or
involuntary, of any of the foregoing into cash or other liquid property. The
Trust REMIC specifically excludes the Reserve Account.
<PAGE>
Trustee: U.S. Bank National Association, a national banking
-------
association, not in its individual capacity, but solely in its capacity as
trustee for the benefit of the Certificateholders and the Insurer under this
Agreement, and any successor thereto, as provided herein.
Trustee Fee: The fee payable to the Trustee on each Distribution Date
-----------
for its services as Trustee hereunder, in an amount equal to one-twelfth of the
Trustee Fee Rate multiplied by the Principal Balance of the Mortgage Loans
immediately prior to such Distribution Date.
Trustee Fee Rate: 0.005% per annum.
----------------
Trustee Mortgage File: The mortgage documents listed in Section 2.01
---------------------
hereof pertaining to a particular Mortgage Loan and any additional documents
required to be added to the Trustee Mortgage File pursuant to this Agreement.
United States Regulations: 31 C.F.R. Part 357; 12 C.F.R. Part 615,
-------------------------
Subpart O; 12 C.F.R. Part 912; 12 C.F.R. Part 1511; 24 C.F.R. Part 81; 31 C.F.R.
Part 354; and 18 C.F.R. Part 1314.
United States Securities Entitlement: A "Security Entitlement" as
------------------------------------
defined in a United States Regulation.
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 or any state (including the District of Columbia)
thereof, or an estate or trust whose income from sources without the United
States is includable 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.
Voting Rights: The portion of the aggregate voting rights of all the
-------------
Certificates evidenced by a Certificate. 98% of all Voting Rights will be
allocated to the Class A Certificates in proportion to their Certificate
Principal Balances, 1% of all Voting Rights will be allocated among the Class S
Certificates in proportion to their Percentage Interests and 1.0% of all Voting
Rights will be allocated to the Class R Certificates.
ARTICLE II
CONVEYANCE OF TRUST FUND;
REPRESENTATIONS AND WARRANTIES
SECTION 2.01. Conveyance of Trust Fund.
------------------------
The Depositor hereby sells, transfers, assigns, delivers, sets over
and otherwise conveys to the Trustee for the benefit of the Certificateholders
and the Insurer, without recourse, the Depositor's right, title and interest in
and to (a) the Mortgage Loans listed in the Mortgage Loan Schedule, including
all interest and principal received or receivable by the Depositor on
<PAGE>
or with respect to the Mortgage Loans after the Cut-off Date, but not including
payments of principal and interest due and payable on the Mortgage Loans on or
before the Cut-off Date, which Mortgage Loans the Depositor shall cause to be
delivered to the Trustee on or prior to the Delivery Date, together with the
Trustee Mortgage Files relating to the Mortgage Loans, (b) all CD Collateral,
(c) all amounts on deposit in the Reserve Account, (d) REO Property, (e) the
Custodial Account, the Certificate Account and all amounts deposited therein or
other property credited thereto pursuant to the applicable provisions of this
Agreement, (f) any insurance policy with respect to the Mortgage Loans and (g)
all proceeds of the conversion, voluntary or involuntary, of any of the
foregoing into cash or other liquid property.
The Seller hereby sells, transfers, assigns, delivers, sets over and
otherwise conveys to the Trustee for the benefit of the Insurer and
Certificateholders, without recourse, any and all right, title and interest of
the Seller, if any, in and to (a) the Mortgage Loans listed in the Mortgage Loan
Schedule, including all interest and principal received or receivable by the
Seller on or with respect to the Mortgage Loans after the Cut-off Date, but not
including payments of principal and interest due and payable on the Mortgage
Loans on or before the Cut-off Date, (b) all CD Collateral, (c) all amounts on
deposit in the Reserve Account, (d) REO Property, (e) the Custodial Account, the
Certificate Account and all amounts deposited therein or other property credited
thereto pursuant to the applicable provisions of this Agreement, (f) any
insurance policy with respect to the Mortgage Loans and (g) all proceeds of the
conversion, voluntary or involuntary, of any of the foregoing into cash or other
liquid property.
The Holder of the Class S Certificates hereby transfers, assigns, delivers,
sets over and otherwise conveys to the Trustee for the benefit of the Insurer
and Certificateholders, without recourse, any and all right, title and interest
of the Holder of the Class S Certificates, if any, in and to amounts on deposit
in the Reserve Account, but not including any amounts to which the Holder of
such Class S Certificates is entitled pursuant to Section 4.07, and all proceeds
of the conversion, voluntary or involuntary, of the foregoing into cash or other
liquid property.
In connection with any such transfer and assignment, the Depositor
shall deliver to, and deposit with, the Trustee the following documents or
instruments with respect to each Mortgage Loan so assigned:
(i) the Mortgage Note, endorsed without recourse to the order of the
Trustee, with all intervening endorsements showing a complete chain of
endorsement from the originator to the last endorser (or an original lost
note affidavit from the Seller stating that the Mortgage Note was lost,
misplaced or destroyed, together with a copy of the related Mortgage Note,
with respect to such Mortgage Loans identified in the Trustee's Intitial
Certification referenced in Section 2.02), and if the Mortgage Note or
Mortgage or any other material document or instrument relating to the
Mortgage Loan has been signed on behalf of the Mortgagor by another person,
the original power of attorney or other instrument that authorized and
empowered such person to sign, or a copy of the original power of attorney
or other instrument;
(ii) the original Mortgage, and any intervening assignment thereof, in
each case as recorded, with evidence of recording indicated thereon;
<PAGE>
(iii) an original assignment or assignments of Mortgage showing an
unbroken chain of title from the originator to the preceding assignee to
the Trustee with evidence of recording indicated thereon;
(iv) the original copy of each assumption, modification, written
assurance or substitution agreement, if any, with respect to such Mortgage
Loan, as identified on the Mortgage Loan Schedule; and
(v) in the case of the CD Pledge Loans, the original copy of each
related certificate of deposit and CD Pledge Agreement.
Notwithstanding the foregoing, in the event that in connection with
any Mortgage Loan the Depositor cannot deliver an original recorded counterpart
of any of the documents required to be delivered pursuant to clauses (ii) or
(iii) above with evidence of recording thereon concurrently with the execution
and delivery hereof, the Depositor shall deliver, or cause the Servicer to
deliver, to the Trustee a duplicate original or true copy of such document
certified by the Depositor or the Servicer or the applicable public recording
office to be a true and complete duplicate original or copy of the original
thereof submitted for recording, or a copy of the Mortgage certified by a title
insurance or escrow company or companies reasonably acceptable to the Insurer,
evidencing that such Mortgage or assignment of Mortgage has been delivered to
the appropriate public recording office for recordation. In the event that the
Depositor cannot deliver a duplicate original or true copy certified as stated
above of such document required to be delivered pursuant to clauses (ii) or
(iii) above, within 45 days of the Delivery Date, the Servicer shall purchase
the related Mortgage Loan at the Purchase Price therefor. The Depositor shall
promptly deliver, or cause the Servicer to deliver, to the Trustee (A) such
original document with evidence of recording indicated thereon or a photocopy of
such document certified by the appropriate county recorder's office to be a true
and complete copy of the original thereof, upon receipt thereof from the public
recording official or from the Servicer, and (B) upon discovery of any defect or
omission in the deliveries of any of items (ii) through (iv) above with respect
to any Mortgage Loan, a correct and complete document or instrument meeting the
requirements of such item or a certified copy thereof, certified by the relevant
recording office, but in no event shall any such delivery be made later than 90
days following the Delivery Date (unless such document has not been returned
from the relevant recording office at such time, in which case the Servicer
shall make such delivery within 270 days of the Delivery Date; provided,
however, that such 270 day period shall be extended to 360 days upon
presentation of an officer's certificate of the Servicer to the effect that such
document has not yet been returned from the relevant recording office, and shall
be extended for additional thirty-day periods upon the written consent of the
Insurer). From time to time the Servicer may forward or cause to be forwarded
to the Trustee for the benefit of the Certificateholders and the Insurer
additional original documents evidencing an assumption or modification of a
Mortgage Loan.
The Trustee shall promptly complete the endorsement of the Mortgage
Note referred to in (i) above and the assignment of Mortgage referred to in
(iii) above to the Trustee for the benefit of the Holders of the Chevy Chase
Bank, F.S.B. Mortgage-Backed Pass-Through Certificates, Series 1998-CCB1 and
MBIA Insurance Corporation. The Trustee on behalf of the Servicer shall within
180 days of the Closing Date record in the appropriate public office for real
property records each original assignment referred to in (iii) above with
respect to each
<PAGE>
Mortgaged Property, and the Trustee shall release any such assignment to the
Depositor or the Servicer, as applicable, for such purpose. The Depositor or
the Servicer shall promptly deliver to the Trustee each original assignment with
evidence of recording indicated thereon or a photocopy thereof certified by the
appropriate county recorder's office to be a true and complete copy of the
original thereof, upon receipt thereof from the public recording official. If
any assignment is returned unrecorded to the Depositor or the Servicer because
of any defect therein, the Depositor or the Servicer shall cure or correct such
defect and cause such assignment to be recorded in accordance with this
paragraph and if such defect is not cured the Servicer shall purchase the
Mortgage Loan at the Purchase Price therefor.
SECTION 2.02. Acceptance by Trustee.
---------------------
The Trustee will hold the documents referred to in Section 2.01 above
and the other documents constituting a part of the Trustee Mortgage Files
delivered to it in trust for the use and benefit of all present and future
Certificateholders and the Insurer. Upon execution and delivery of this
Agreement and within 45 days after the execution and delivery of this Agreement,
the Trustee shall ascertain whether all documents required to be delivered to it
pursuant to Section 2.01 hereof are in its possession, and shall deliver to the
Depositor, the Insurer and the Servicer a certification (upon execution and
delivery of this Agreement, the "Initial Certification" and within 45 days
thereof, the "Final Certification", respectively) in the forms set forth as
Exhibits E and F hereto to the effect that, as to each Mortgage Loan listed in
- ---------- -
the Mortgage Loan Schedule: (a) all documents required to be delivered to the
Trustee pursuant to this Agreement are in its possession, (b) such documents
have been reviewed by it and have not been mutilated, damaged, defaced, torn or
otherwise physically altered, and such documents relate to such Mortgage Loan,
(c) based on its examination and only as to the foregoing documents, the
information set forth in items (i) through (vi) of the definition of Mortgage
Loan Schedule respecting such Mortgage Loan accurately reflects the information
contained in the documents in the Trustee Mortgage File and (d) each Mortgage
Note has been endorsed and each assignment of Mortgage has been delivered as
provided in Section 2.01 hereof. The Trustee shall deliver to the Depositor,
the Insurer and the Servicer a copy of such Final Certification. If, in the
course of such review, the Trustee finds any document or documents constituting
a part of a Mortgage File which do not meet the requirements of (a)-(d) above,
the Trustee shall promptly notify the Servicer, the Insurer and the Depositor in
writing, and request that the Servicer correct or cure such defect. The Trustee
shall promptly notify the Depositor in writing if any original assignment
referred to in clause (iii) of Section 2.01 has not been received by it prior to
June 30, 1998. In the event the Servicer or Depositor shall fail to cure any
document deficiency or defect reflected in the Final Certification or as
otherwise required under Section 2.01, it shall not be the obligation of the
Trustee hereunder to cure the same, and the Servicer shall purchase the Mortgage
Loan at the Purchase Price therefor.
The Depositor agrees that at any time and from time to time upon
written request of the Trustee or the Insurer, the Depositor shall promptly and
duly execute and deliver any and all such further documents and assurances, and
take such further actions as the Trustee reasonably may request in order to
obtain or more fully vest the benefits of the assignment intended hereunder (as
set forth hereinabove in Section 2.01 and hereinbelow in Section 2.03) and of
the rights and powers herein granted.
<PAGE>
The Trustee shall retain possession and custody of each Trustee
Mortgage File in accordance with and subject to the terms and conditions set
forth herein.
SECTION 2.03. Representations, Warranties and
--------------------------------
Covenants of the Servicer and Seller.
------------------------------------
Chevy Chase, as Seller and Servicer, hereby represents and warrants
to, and covenants with, the Depositor, the Insurer and the Trustee that, as of
the date hereof:
(i) Chevy Chase is a federal savings bank, validly existing and
in good standing under the laws of the United States of America and is duly
authorized and qualified to transact any and all business contemplated by
this Agreement in any state in which a Mortgaged Property is located or is
otherwise not required under applicable law to effect such qualification
and, in any event, is in compliance with the doing business laws of any
such State, to the extent necessary to ensure the enforceability of each
Mortgage Loan and the servicing of the Mortgage Loans in accordance with
the terms of this Agreement;
(ii) Chevy Chase has the full corporate power and authority to
service each Mortgage Loan, and to execute, deliver and perform, and to
enter into and consummate the transactions contemplated by this Agreement
and has duly authorized by all necessary corporate action on the part of
Chevy Chase the execution, delivery and performance of this Agreement; and
this Agreement, assuming the due authorization, execution and delivery
thereof by the Depositor and the Trustee, constitutes a legal, valid and
binding obligation of Chevy Chase, enforceable against Chevy Chase in
accordance with its terms, except that (A) the enforceability thereof may
be limited to bankruptcy, insolvency, moratorium, receivership and other
similar laws relating to creditors' rights generally and (B) the remedy of
specific performance and injunctive and other forms of equitable relief may
be subject to the equitable defenses and to the discretion of the court
before which any proceeding therefor may be brought;
(iii) the execution and delivery of this Agreement by Chevy
Chase, the servicing of the Mortgage Loans by Chevy Chase hereunder, the
consummation of any other of the transactions herein contemplated, and the
fulfillment of or compliance with the terms hereof are in the ordinary
course of business of Chevy Chase and will not (A) result in a material
breach of any term or provision of the charter or by-laws of Chevy Chase or
(B) materially conflict with, result in a material breach, violation or
acceleration of, or result in a material default under, the terms of any
other material agreement or instrument to which Chevy Chase is a party or
by which it may be bound, or any statute, order or regulation applicable to
Chevy Chase of any court, regulatory body, administrative agency or
governmental body having jurisdiction over Chevy Chase; and Chevy Chase is
not a party to, bound by, or in breach or violation of any material
indenture or other material agreement or instrument, or subject to or in
violation of any statute, order or regulation of any court, regulatory
body, administrative agency or governmental body having jurisdiction over
it, which materially and adversely affects, or, to Chevy Chase's knowledge
would in the future materially and adversely affect, (1) the ability of
Chevy Chase to perform its obligations under this Agreement or (2) the
<PAGE>
business, operations, financial condition, properties or assets of the
Servicer taken as a whole;
(iv) Chevy Chase is, and will remain, subject to supervision and
examination by any state or federal authority as may be applicable and will
remain in good standing and qualified to do business where so required by
applicable law and is, and will remain an approved servicer of conventional
mortgage loans for FNMA or FHLMC;
(v) no litigation is pending or, to the best of Chevy Chase's
knowledge, threatened, against Chevy Chase that would materially and
adversely affect the execution, delivery or enforceability of this
Agreement or the ability of Chevy Chase to service the Mortgage Loans or to
perform any of its other obligations hereunder in accordance with the terms
hereof;
(vi) Chevy Chase will at all times comply in the performance of
its obligations under this Agreement with all reasonable rules and
requirements of the insurer under each Required Insurance Policy;
(vii) no written information, certificate of an officer,
statement furnished in writing or written report delivered to the Insurer,
the Depositor, any affiliate of the Depositor or the Trustee and prepared
by Chevy Chase pursuant to this Agreement will contain any untrue statement
of a material fact or omit to state a material fact necessary to make the
information, certificate, statement or report not misleading;
(viii) except for permits and similar authorizations required
under the securities or "blue sky" laws no consent, approval, authorization
or order of any court or governmental agency or body is required for the
execution, delivery and performance by Chevy Chase of, or compliance by
Chevy Chase with, this Agreement or the consummation of the transactions
contemplated hereby, or if any such consent, approval, authorization or
order is required, Chevy Chase has obtained the same;
(ix) Chevy Chase will service the Mortgage Loans in accordance
with the standards set forth in this Agreement; and
(x) this Agreement and all other documents related hereto to
which the Seller is a party have been approved by the Seller's board of
directors, which approval is reflected in the minutes of such board, and
shall continuously from the time of each such document's execution, be
maintained as an official record of the Seller.
SECTION 2.04. Representations, Warranties and Covenants of the
------------------------------------------------
Servicer and the Seller with respect to the Mortgage
----------------------------------------------------
Loans.
------
The Seller and the Servicer hereby represents and warrants to, and
covenants with, the Depositor, the Insurer and the Trustee for the benefit of
the Certificateholders that, as to each Mortgage Loan, as of the Cut-off Date or
such other date specifically set forth herein, and with respect to
representation (i) listed below, as of the Delivery Date:
<PAGE>
(i) The information set forth in the Mortgage Loan Schedule is
complete, true and correct.
(ii) All payments required to be made up to, but excluding, the
Cut-off Date for such Mortgage Loan under the terms of the Mortgage Note
have been made; none of the Mortgage Loans are more than 30 days
delinquent; Chevy Chase has not advanced funds, or induced, solicited or
knowingly received any advance of funds from a party other than the owner
of the Mortgaged Property subject to the Mortgage, directly or indirectly,
for the payment of any amount required by the Mortgage Loan.
(iii) To the best of the Servicer's knowledge, there are no
delinquent taxes, ground rents, water charges, sewer rents, assessments,
insurance premiums, leasehold payments, including assessments payable in
future installments or other outstanding charges affecting the related
Mortgaged Property.
(iv) The terms of the Mortgage Note and the Mortgage have not
been impaired, waived, altered or modified in any respect, except by
written instruments which have been recorded, if necessary to protect the
interests of the Trustee, and which have been delivered to the Trustee or
the Trustee's designee, the substance of which waiver, alteration or
modification has been approved by the primary mortgage guaranty insurer, if
any, and by the title insurer, to the extent required by the related policy
and is reflected on the Mortgage Loan Schedule. No instrument of waiver,
alteration or modification has been executed, and no Mortgagor has been
released, in whole or in part, except in connection with an assumption
agreement approved by the primary mortgage insurer, if any, and title
insurer, to the extent required by the policy, and which assumption
agreement is part of the Mortgage File and the terms of which are reflected
in the Mortgage Loan Schedule.
(v) The Mortgage Note and the Mortgage are not subject to any
right of rescission, set-off, counterclaim or defense, including the
defense of usury, nor will the operation of any of the terms of the
Mortgage Note and Mortgage, or the exercise of any right thereunder, render
the Mortgage unenforceable, in whole or in part, or subject to any right of
rescission, set-off, counterclaim or defense, including the defense of
usury and no such right of rescission, set-off, counterclaim or defense has
been asserted with respect thereto.
(vi) All buildings upon the Mortgaged Property are insured by a
generally acceptable insurer against loss by fire, hazards of extended
coverage and such other hazards as are customary in the area where the
Mortgaged Property is located. All such insurance policies contain a
standard mortgagee clause naming the Servicer, its successors and assigns
as mortgagee and all premiums thereon have been paid. If upon origination
of the Mortgage Loan, the Mortgaged Property was in an area identified in
the Federal Register by the Federal Emergency Management Agency as having
special flood hazards (and such flood insurance has been made available) a
flood insurance policy meeting the requirements of the current guidelines
of the Federal Insurance Administration is in effect which policy conforms
to the requirements of FNMA and FHLMC. The Mortgage obligates the
Mortgagor thereunder to maintain all such insurance at Mortgagor's cost and
expense, and on the Mortgagor's failure to do so,
<PAGE>
authorizes the holder of the Mortgage to maintain such insurance at
Mortgagor's cost and expense and to seek reimbursement therefor from the
Mortgagor.
(vii) Any and all requirements of any federal, state or local
law including, without limitation, environmental, usury, truth in lending,
real estate settlement procedures, consumer credit protection, equal credit
opportunity or disclosure laws applicable to the Mortgage Loan and the
related Mortgaged Property have been complied with.
(viii) The Mortgage has not been satisfied, canceled or
subordinated, or rescinded, in whole or in part, and the Mortgaged Property
has not been released from the lien of the Mortgage, in whole or in part,
nor has any instrument been executed that would effect any such release,
cancellation, subordination or rescission.
(ix) The Mortgage is a valid, existing and enforceable first lien
on the Mortgaged Property, including all improvements on the Mortgaged
Property subject only to (A) the lien of current real property taxes and
assessments not yet due and payable, (B) covenants, conditions and
restrictions, rights of way, easements and other matters of the public
record as of the date of recording being acceptable to mortgage lending
institutions generally and specifically referred to in lender's title
insurance policy delivered to the originator of the Mortgage Loan and which
do not adversely affect the Appraised Value of the Mortgaged Property, and
(C) other 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 or the use, enjoyment, value or marketability of
the related Mortgaged Property. Any security agreement, chattel mortgage
or equivalent document related to and delivered in connection with the
Mortgage establishes and creates a valid, existing and enforceable first
lien and first priority security interest on the property described therein
and the Seller has full right to sell and assign the same to the Depositor.
The Mortgaged Property was not, as of the date of origination of the
Mortgage Loan, subject to a mortgage, deed of trust, deed to secure debt or
other security instrument creating a lien subordinate to the lien of the
Mortgage, except in the case of 117 Group I Loans representing 8.36% of the
aggregate Principal Balance of the Group I Loans as of the Cut-off Date and
140 Group II Loans representing 16.18% of the aggregate Principal Balance
of the Group II Loans as of the Cut-off Date, where the Seller was aware of
the simultaneous creation of a second lien subordinate to the lien of the
Mortgage.
(x) The Mortgage Note and the related Mortgage are genuine and
each is the legal, valid and binding obligation of the maker thereof,
enforceable in accordance with its terms, except as the enforceability
thereof may be limited by bankruptcy, insolvency, or reorganization.
(xi) All parties to the Mortgage Note and the Mortgage had legal
capacity to enter into the Mortgage Loan and to execute and deliver the
Mortgage Note and the Mortgage, and the Mortgage Note and the Mortgage have
been duly and properly executed by such parties.
<PAGE>
(xii) The proceeds of the Mortgage Loan have been fully
disbursed and there is no requirement for future advances thereunder and
any and all requirements as to completion of any on-site or off-site
improvement and as to disbursements of any escrow funds therefor have been
complied with. All costs, fees and expenses incurred in making or closing
the Mortgage Loan and the recording of the Mortgage were paid, and the
Mortgagor is not entitled to any refund of any amounts paid or due under
the Mortgage Note or Mortgage.
(xiii) The Mortgage Note and the Mortgage are not assigned or
pledged, and immediately prior to the sale of the Mortgage Loan to the
Depositor the Seller was the sole owner of record and holder thereof and
with full right to transfer and sell the Mortgage Loan to the Depositor
free and clear of any encumbrance, equity, lien, pledge, charge, claim or
security interest and with full right and authority subject to no interest
or participation of, or agreement with, any other party, to sell and assign
each Mortgage Loan pursuant to the Mortgage Loan Purchase Agreement.
(xiv) All parties which have had any interest in the Mortgage,
whether as mortgagee, assignee, pledgee or otherwise, are (or, during the
period in which they held and disposed of such interest, were) (A) in
compliance with any and all applicable licensing requirements of the laws
of the state wherein the Mortgaged Property is located, and (B) organized
under the laws of such state, or (C) qualified to do business in such
state, or (D) federal savings and loan associations or national banks
having principal offices in such state, or (E) not doing business in such
state.
(xv) The Mortgage Loan is covered by an ALTA lender's title
insurance policy acceptable to FNMA or FHLMC, issued by a title insurer
acceptable to FNMA and FHLMC and qualified to do business in the
jurisdiction where the Mortgaged Property is located, insuring (subject to
the exceptions contained in (ix)(A) and (B) above) the Seller, its
successors and assigns as to the first priority lien of the Mortgage in the
original principal amount of the Mortgage Loan. The original title policy
and all riders thereto are in the possession of the Servicer or the
Trustee. Additionally, such lender's title insurance policy affirmatively
insures ingress and egress, and against encroachments by or upon the
Mortgaged Property or any interest therein. The Seller is the sole insured
of such lender's title insurance policy, and such lender's title insurance
policy is in full force and effect and will be in full force and effect
upon the consummation of the transactions contemplated by this Agreement.
No claims have been made under such lender's title insurance policy, and no
prior holder of the related Mortgage, including the Seller, has done, by
act or omission, anything which would impair the coverage of such lender's
title insurance policy.
(xvi) There is no default, breach, violation or event of
acceleration existing under the Mortgage or the Mortgage Note and no event
which, with the passage of time or with notice and the expiration of any
grace or cure period, would constitute a default, breach, violation or
event of acceleration, and the Seller has not waived any default, breach,
violation or event of acceleration.
(xvii) There are no mechanics' or similar liens or claims which
have been filed for work, labor or material (and no rights are outstanding
that under law could
<PAGE>
give rise to such lien) affecting the related Mortgaged Property which are
or may be liens prior to, or equal or coordinate with, the lien of the
related Mortgage.
(xviii) All improvements which were considered in determining
the Appraised Value of the related Mortgaged Property lay wholly within the
boundaries and building restriction lines of the Mortgaged Property, and no
improvements on adjoining properties encroach upon the Mortgaged Property.
(xix) The Mortgage Loan was originated by the Seller or a
subsidiary of the Seller which is a FNMA-approved, FHLMC-approved or HUD-
approved mortgage banker, or savings and loan association, a savings bank,
a commercial bank or similar banking institution which is supervised and
examined by a federal or state authority. Principal payments on the
Mortgage Loan commenced no more than sixty days after funds were disbursed
in connection with the Mortgage Loan. The Mortgage Note is payable on the
first day of each month in monthly installments of principal and interest,
with interest in arrears, and requires Monthly Payments sufficient to
amortize the original principal balance of the Mortgage Loan over a term of
not more than 30 years, except for 27 Mortgage Loans with an amortization
term and maturity of not more than 40 years. No Mortgage Loans have
provisions which will require negative amortization. Except for two
Mortgage Loans with an amortization term of 30 years and a maturity of 5
years, no Mortgage Loan requires a balloon payment at the end of its term.
(xx) The origination practices used by the Seller and the
collection practices used by the Servicer with respect to each Mortgage
Note and Mortgage have been in all respects legal, proper, prudent and
customary in the mortgage origination and servicing business. With respect
to escrow deposits and escrow payments, if any, all such payments are in
the possession of, or under the control of, the Servicer and there exist no
deficiencies in connection therewith for which customary arrangements for
repayment thereof have not been made. No escrow deposits or escrow payments
or other charges or payments due the Seller have been capitalized under any
Mortgage or the related Mortgage Note.
(xxi) The Mortgaged Property is free of damage and waste and
there is no proceeding pending for the total or partial condemnation
thereof.
(xxii) The Mortgage contains customary and enforceable
provisions such as to render the rights and remedies of the holder thereof
adequate for the realization against the Mortgaged Property of the benefits
of the security provided thereby, including, (A) in the case of a Mortgage
designated as a deed of trust, by trustee's sale, and (B) otherwise by
judicial foreclosure. There is no other exemption available to the
Mortgagor which would interfere with the right to sell the Mortgaged
Property at a trustee's sale or the right to foreclose the Mortgage. The
Mortgagor has not notified the Servicer and the Servicer has no knowledge
of any relief requested or allowed to the Mortgagor under the Relief Act.
(xxiii) The Mortgage Loan was underwritten generally in
accordance with the Seller's underwriting standards in effect at the time
the Mortgage Loan was originated.
<PAGE>
(xxiv) The Mortgage Note is not and has not been secured by any
collateral except the lien of the corresponding Mortgage and the security
interest of any applicable security agreement or chattel mortgage referred
to in (ix) above and, in the case of the CD Pledge Loans, the CD
Collateral.
(xxv) The Mortgage File contains an appraisal of the related
Mortgaged Property signed prior to the approval of the Mortgage Loan
application by a qualified appraiser, duly appointed by the originator of
the Mortgage Loan, who had no interest, direct or indirect in the Mortgaged
Property or in any loan made on the security thereof, and whose
compensation is not affected by the approval or disapproval of the Mortgage
Loan.
(xxvi) In the event the Mortgage constitutes a deed of trust, a
trustee, duly qualified under applicable law to serve as such, has been
properly designated and currently so serves and is named in the Mortgage,
and no fees or expenses are or will become payable by the Depositor to the
trustee under the deed of trust, except, in connection with a trustee's
sale after default by the Mortgagor.
(xxvii) Except for 36 Group I Loans representing 1.66% of the
aggregate Principal Balance of the Group I Loans as of the Cut-off Date and
61 Group II Loans representing 5.15% of the aggregate Principal Balance of
the Group II Loans as of the Cut-off Date, each of which was originated in
accordance with the guidelines of the Seller and FNMA, no Mortgage Loan
contains provisions pursuant to which Monthly Payments are (A) paid or
partially paid with funds deposited in any separate account established by
the Seller, the Mortgagor, or anyone on behalf of the Mortgagor, (B) paid
by any source other than the Mortgagor or (C) contains any other similar
provisions which may constitute a "buydown" provision. No Mortgage Loan
was a graduated payment mortgage loan as of the date of its origination.
No Mortgage Loan has a shared appreciation or other contingent interest
feature.
(xxviii) The Seller does not expect, as to any particular
Mortgage Loan included in the Trust Fund, that such Mortgage Loan will
become a defaulted Mortgage Loan and that the related Mortgaged Property
will be foreclosed upon (or acquired by deed-in-lieu of foreclosure).
(xxix) No Mortgage Loan was made in connection with facilitating
the trade-in or exchange of a Mortgaged Property.
(xxx) The Seller has no knowledge of any circumstances or
condition with respect to the Mortgage, the Mortgaged Property, the
Mortgagor or the Mortgagor's credit standing that can reasonably be
expected to cause the Mortgage Loan to be an unacceptable investment, cause
the Mortgage Loan to become delinquent, or adversely affect the value of
the Mortgage Loan.
(xxxi) Each such Mortgage Loan with a Loan-to-Value Ratio at
origination in excess of 80% is and will be subject to a Primary Mortgage
Insurance Policy, issued by a FNMA or FHLMC approved insurer, which insures
that portion of the Mortgage Loan over 75% of the Loan-to-Value Ratio. All
provisions of such
<PAGE>
Primary Mortgage Insurance Policy have been and are being complied with,
such policy is in full force and effect, and all premiums due thereunder
have been paid. Any Mortgage subject to any such Primary Mortgage
Insurance Policy obligates the Mortgagor thereunder to maintain such
insurance and to pay all premiums and charges in connection therewith,
except in the case of the Lender-Paid MI Loans, where such premiums are
paid by the Servicer from amounts collected in addition to the Mortgage
Rate. The Mortgage Rate for each Mortgage Loan is net of any such
insurance premium, except in the case of the Lender-Paid MI Loans.
(xxxii) To the best of the Servicer's knowledge, the Mortgaged
Property is lawfully occupied under applicable law. All inspections,
licenses and certificates required to be made or issued with respect to all
occupied portions of the Mortgaged Property and, with respect to the use
and occupance of the same, including but not limited to certificates of
occupancy, have been made or obtained from the appropriate authorities.
(xxxiii) No action has been taken or failed to be taken, no
event has occurred and no state of facts exists or has existed on or prior
to the Cut-off Date (whether or not known to the Seller on or prior to such
date) which has resulted or will result in an exclusion from, denial of, or
defense coverage under any private mortgage insurance (including, without
limitation, any exclusions, denials or defenses which would limit or reduce
the availability of the timely payment of the full amount of the loss
otherwise due thereunder to the insured) whether arising out of actions,
representations, errors, omissions, negligence, or fraud of the Seller, the
related Mortgagor or any party involved in the application for such
coverage, including the appraisal, plans and specifications and other
exhibits or documents submitted therewith to the insurer under such
insurance policy, or for any other reason under such coverage, but not
including the failure of such insurer to pay by reason of such insurer's
breach of such insurance policy or such insurer's financial inability to
pay.
(xxxiv) The Assignment of Mortgage, is in recordable form and is
acceptable for recording under the laws of the jurisdiction in which the
Mortgaged Property is located.
(xxxv) Any future advances made to the Mortgagor prior to the
Cut-off Date have been consolidated with the outstanding principal amount
secured by the Mortgage, and the secured principal amount, as consolidated,
bears a single interest rate and single repayment term. The lien of the
Mortgage securing the consolidated principal amount is expressly insured as
having consolidated principal amount is expressly insured as having first
lien priority by a title insurance policy, an endorsement to the policy
insuring the mortgagee's consolidated interest or by other title evidence
acceptable to FNMA and FHLMC. The consolidated principal amount does not
exceed the original principal amount of the Mortgage Loan.
(xxxvi) If the Mortgaged Property is a condominium unit or a
planned unit development (other than a de minimis planned unit development)
such condominium or planned unit development project meets FNMA or FHLMC
eligibility requirements.
<PAGE>
(xxxvii) With respect to each Convertible Mortgage Loan, (x) the
related Mortgagor has the option to convert the interest rate borne by such
Mortgage Loan from an adjustable interest rate to a fixed interest rate
determined pursuant to the terms of the related Mortgage Note and (y) the
fixed interest rate to be borne by each such Convertible Mortgage Loan upon
the conversion of the interest rate on such Mortgage Loan is intended to
approximate a market rate of interest for newly originated mortgages at the
time of the conversion.
(xxxviii) Each Mortgage is a "qualified mortgage" for purposes
of the REMIC Provisions.
(xxxix) Immediately prior to the transfer and sale of the CD
Pledge Loans to the Depositor, the Seller had a first priority perfected
security interest in the related CD Collateral with full right and
authority, without the consent of the related Mortgagor, to transfer and
sell such right to the Depositor. Following the sale and transfer of the
CD Pledge Loans from the Seller to the Depositor and from the Depositor to
the Trustee, the Trustee will have a first priority perfected security
interest in the related CD Collateral other than the cash held in the CD
Account, and the Seller will apply such cash in accordance with the terms
of the related pledge and guaranty agreement.
Upon the discovery by the Depositor, the Servicer, the Insurer or the
Trustee (or upon notice thereof in writing from a Certificateholder) of a breach
or breaches of any of the representations and warranties made in Section 2.04 in
respect of any Mortgage Loan, or any breach of a representation or warranty of
the Servicer set forth in Section 2.03, which breach or breaches, individually
or in the aggregate, materially and adversely affect the interests of the
Certificateholders or the Insurer, the party discovering such breach shall give
prompt written notice to the other parties. The Trustee shall promptly notify
the Seller and Servicer of such breach and request that the Seller or Servicer,
as the case may be, cure such breach within 60 days from the date of such
notice, and if the Seller or Servicer does not cure such breach in all material
respects, the Seller or Servicer, as the case may be, shall either (i)
substitute a Replacement Mortgage Loan or Loans for the related Mortgage Loan,
which substitution must be made as specified in this Section or (ii) purchase
such Mortgage Loan held for the benefit of the Certificateholders and the
Insurer from the Trustee at the Purchase Price therefor.
The Seller or Servicer shall not have any right to substitute a
Replacement Mortgage Loan or Loans for the affected Mortgage Loan more than
three months after the Delivery Date (or more than two years after the Delivery
Date if the related Mortgage Loan is a "defective obligation" within the meaning
of Section 860G(a)(4)(B)(ii) of the Code), and any substitution must be
accompanied by an Officers' Certificate delivered to the Trustee and the
Insurer, certifying that such Replacement Mortgage Loan conforms to the
requirements of this Agreement, and by an Opinion of Counsel to the effect that
such substitution will not cause the Trust REMIC to fail to qualify as a remic
and will not result in a prohibited transaction tax, which Opinion of Counsel
shall be paid for by the Seller or Servicer, as the case may be.
Notwithstanding the foregoing, if any such breach would cause a Mortgage Loan to
be other than a "qualified mortgage loan" as described in Section 860G(a)(3) of
the Code, any substitution or purchase shall occur within 90 days of the
discovery of the breach.
<PAGE>
As to any Replacement Mortgage Loan or Loans, the Seller or Servicer
shall deliver to the Trustee for such Replacement Mortgage Loan or Loans, the
Mortgage Note, the Mortgage, the related assignment of the Mortgage, and such
other documents and agreements as are required by Section 2.01, with the
Mortgage Note endorsed to the Trustee for the benefit of the Insurer and the
Holders of the Chevy Chase Bank, F.S.B. Mortgage-Backed Pass-Through
Certificates, Series 1998-CCB1. No substitution will be made in any calendar
month after the Determination Date for such month. Monthly payments due with
respect to Replacement Mortgage Loans in the month of substitution shall not be
part of the Trust Fund and will be remitted by the Servicer or Seller to the
Depositor on the next succeeding Distribution Date. For the month of
substitution, distributions to Certificateholders will include the Monthly
Payment due on such Deleted Mortgage Loan for such month and thereafter the
Seller or Servicer, as the case may be, shall be entitled to retain all amounts
received in respect of such Deleted Mortgage Loan.
Upon such substitution, the Servicer shall amend or cause to be
amended the Mortgage Loan Schedule to reflect the removal of such Deleted
Mortgage Loan and the substitution of the Replacement Mortgage Loan or Loans.
Upon such substitution, the Replacement Mortgage Loan or Loans shall be subject
to the terms of this Agreement in all respects and the Seller shall be deemed to
have made, as of the date of substitution, with respect to the Replacement
Mortgage Loan or Loans, the representations and warranties pertaining to the
Mortgage Loans contained in Section 2.04 hereof. Upon receipt of the Trustee
Mortgage File pertaining to any Replacement Mortgage Loans, the Trustee shall
release the Trustee Mortgage File held for the benefit of the Certificateholders
and the Insurer relating to such Deleted Mortgage Loan to the Seller or Servicer
as applicable and shall execute and deliver such instruments of transfer or
assignment, in each case without recourse, as shall be necessary to vest title
(to the extent that such title was transferred to the Trustee) in the Seller or
Servicer as applicable, or its designee to any Deleted Mortgage Loan substituted
for pursuant to this Section 2.04.
In any month in which the Seller or Servicer substitutes one or more
Replacement Mortgage Loans for one or more Deleted Mortgage Loans, the Servicer
will determine the amount (if any) by which the aggregate Principal Balance of
all such Replacement Mortgage Loans as of the date of substitution is less than
the aggregate Principal Balance of all such Deleted Mortgage Loans (in each case
after application of scheduled principal portion of the monthly payments
received in the month of substitution). The amount of such shortage shall be
deposited into the Custodial Account by the Seller or Servicer in the month of
substitution pursuant to Section 3.07, without any reimbursement thereof. The
Servicer shall give notice in writing to the Trustee of such event, which notice
shall be accompanied by an Officers' Certificate as to the calculation of such
shortage.
In the event that the Seller or Servicer shall have repurchased a
Mortgage Loan, upon receipt by the Trustee of written notification of the
deposit of the Purchase Price, the Trustee shall release the related Trustee
Mortgage File held for the benefit of the Certificateholders and the Insurer to
the Seller or Servicer as applicable and the Trustee shall execute and deliver
the related instruments of transfer or assignment, in each case without
recourse, as shall be necessary to transfer title (to the extent that such title
was transferred to the Trustee) from the Trustee for the benefit of the
Certificateholders and the Insurer and vest title in the Seller or Servicer, or
the designee thereof, as the case may be, to any Mortgage Loan
<PAGE>
purchased pursuant to this Section 2.04. It is understood and agreed that the
obligation under this Agreement of any Person to repurchase or substitute any
Mortgage Loan as to which such breach has occurred and is continuing shall
constitute the sole and exclusive remedy respecting such breach available to
Certificateholders or the Trustee on their behalf (except for the Insurer's
rights under the Insurance Agreement).
SECTION 2.05. Issuance of Certificates.
------------------------
The Trustee acknowledges the assignment to it of the Mortgage Loans
together with the assignment to it of all other assets included in the Trust
Fund, receipt of which is hereby acknowledged. Concurrently with such
assignment and delivery and in exchange therefor, the Trustee, pursuant to the
written request of the Depositor executed by an officer of the Depositor, has
executed the Class A, Class S and Class R Certificates and caused them to be
authenticated and delivered to or upon the order of the Depositor in authorized
denominations which evidence ownership of the Trust Fund. The rights of the
Holders of such Certificates to receive distributions from the Trust Fund and
all ownership interests of the Holders of the Class A, Class S and Class R
Certificates in such distributions shall be as set forth in this Agreement.
SECTION 2.06. REMIC Provisions.
----------------
(a) The Depositor hereby elects and authorizes the Trustee to treat
the Trust REMIC as a remic under the Code and, if necessary, under applicable
state law. Such election will be made on Form 1066 or other appropriate federal
tax or information return (including Form 8811) or any appropriate state return
(x) for the taxable year ending on the last day of the calendar year in which
the Certificates are issued and (y) for the taxable year ending on the last day
of the calendar year in which Certificates are first sold by Chevy Chase to a
third party. The Delivery Date is hereby designated as the "startup day" of the
Trust REMIC within the meaning of Section 860G(a)(9) of the Code. The "regular
interests" (within the meaning of Section 860G of the Code) in the Trust REMIC
shall consist of the Class A-I, Class A-II and Class S Certificates and the
"residual interest" in the Trust REMIC shall consist of the Class R
Certificates. The Depositor and the Trustee shall not permit the creation of
any "interests" (within the meaning of Section 860G of the Code) in the Trust
REMIC other than the Class A-I Certificates, Class A-II Certificates, Class S
Certificates and Class R Certificates.
(b) Chevy Chase Bank, F.S.B. on behalf of the Holders of the Class R
Certificates, shall act as agent for the Class R Certificateholder as the "tax
matters person" (within the meaning of the REMIC Provisions) for the Trust REMIC
in the manner provided under Treasury regulations section 1.860F-4(d) and
temporary Treasury regulations section 301.6231(a)(7)-1T. By its acceptance of
a Class R Certificate, each Holder thereof shall have agreed to such appointment
and shall have consented to the appointment of the Trustee as its agent to act
on behalf of the Trust REMIC pursuant to the specific duties outlined herein.
(c) A Holder of the Class R Certificates, by the purchase of such
Certificates, shall be deemed to have agreed to timely pay, upon demand by the
Trustee, the amount of any minimum California state franchise taxes due with
respect to the Trust REMIC under Sections 23151(a) and 23153(a) of the
California Revenue and Taxation Code. Notwithstanding the foregoing, the
Trustee shall be authorized to retain the amount of such tax from amounts
otherwise distributable to such Holder in the event such Holder does not
promptly
<PAGE>
pay such amount upon demand by the Trustee. In the event that any other
federal, state or local tax is imposed, including without limitation taxes
imposed on a "prohibited transaction" of a remic as defined in Section 860F of
the Code, such tax shall be charged against amounts otherwise available for
distribution to the applicable Holder of a Class R Certificate and then against
amounts otherwise available for distribution to the Holders of Regular
Certificates in accordance with the provisions set forth in Sections 4.02 and
4.03, respectively. The Trustee shall promptly deposit in the Certificate
Account any amount of "prohibited transaction" tax that results from a breach of
the Trustee's duties under this Agreement. The Servicer shall promptly deposit
in the Certificate Account any amount of "prohibited transaction" tax that
results from a breach of the Servicer's duties under this Agreement.
(d) The Trustee shall act as attorney-in-fact and as agent on behalf
of the tax matters person of the Trust REMIC and in such capacity the Trustee
shall: (i) prepare, sign and file, or cause to be prepared, signed and filed,
federal and state tax returns using a calendar year as the taxable year for the
Trust REMIC when and as required by the REMIC Provisions and other applicable
federal income tax laws as the direct representative of the Trust REMIC in
compliance with the Code and shall provide copies of such returns as required by
the Code; (ii) make an election, on behalf of the Trust REMIC, to be treated as
a remic on the federal tax return of the Trust REMIC for its first taxable year,
in accordance with the REMIC Provisions; and (iii) prepare and forward, or cause
to be prepared and forwarded, to the Certificateholders and to any governmental
taxing authority all information reports as and when required to be provided to
them in accordance with the REMIC Provisions and the Code. The expenses of
preparing and filing such returns shall be borne by the Trustee. The Depositor
and Servicer shall provide on a prompt and timely basis to the Trustee or its
designee such information with respect to the Trust REMIC as is in their
possession and reasonably required or requested by the Trustee to enable it to
perform its obligations under this subsection.
In its capacity as attorney-in-fact and as agent on behalf of the tax
matters person, Chevy Chase shall also: (A) act on behalf of the Trust REMIC in
relation to any tax matter or controversy involving the Trust Fund, (B)
represent the Trust Fund in any administrative or judicial proceeding relating
to an examination or audit by any governmental taxing authority with respect
thereto and (C) cause to be paid solely from the sources provided herein the
amount of any taxes imposed on the Trust REMIC when and as the same shall be due
and payable (but such obligation shall not prevent the Trustee or any other
appropriate Person from contesting any such tax in appropriate proceedings and
shall not prevent the Trustee from withholding payment of such tax, if permitted
by law, pending the outcome of such proceedings).
(e) The Trustee shall provide (i) to any transferor of a Class R
Certificate such information as is necessary for the application of any tax
relating to the transfer of a Class R Certificate to any Person who is not a
permitted transferee, (ii) to the Certificateholders such information or reports
as are required by the Code or the REMIC Provisions including reports relating
to interest, original issue discount and market discount or premium and (iii) to
the Internal Revenue Service the name, title, address and telephone number of
the person who will serve as the representative of the Trust REMIC.
(f) The Trustee, the Depositor and the Holder of the Class R
Certificates shall take any action or cause the Trust Fund to take any action
necessary to create or maintain the status of the Trust REMIC as a remic under
the REMIC Provisions and shall assist each
<PAGE>
other as necessary to create or maintain such status. Neither the Trustee nor
the Holder of the Class R Certificates shall take any action, cause the Trust
Fund to take any action or fail to take (or fail to cause the Trust Fund to
take) any action that, under the REMIC Provisions, if taken or not taken, as the
case may be, could (i) endanger the status of the Trust REMIC as a remic or (ii)
result in the imposition of a tax upon the Trust REMIC (including, but not
limited to, the tax on prohibited transactions as defined in Code Section
860F(a)(2) and the tax on prohibited contributions set forth in Section 860G(d)
of the Code) (either such event, an "Adverse REMIC Event") unless the Trustee
has received an Opinion of Counsel (at the expense of the party seeking to take
such action) to the effect that the contemplated action will not endanger such
status or result in the imposition of such a tax.
The Trustee shall not take or fail to take any action (whether or not
authorized hereunder) as to which the Servicer or Depositor has advised it in
writing that it has received an Opinion of Counsel to the effect that an Adverse
REMIC Event could occur with respect to such action. In addition, prior to
taking any action with respect to the Trust REMIC or its assets, or causing the
Trust REMIC to take any action, which is not expressly permitted under the terms
of this Agreement, the Trustee will consult with the Servicer and Depositor or
their designees, in writing, with respect to whether such action could cause an
Adverse REMIC Event to occur with respect to the Trust REMIC, and the Trustee
shall not take any such action or cause the Trust REMIC to take any such action
as to which the Servicer or Depositor has advised it in writing that an Adverse
REMIC Event could occur.
In addition, prior to taking any action with respect to the Trust
REMIC or the assets therein, or causing the Trust REMIC to take any action,
which is not expressly permitted under the terms of this Agreement, the Holder
of the Class R Certificates will consult with the Trustee or its designee, in
writing, with respect to whether such action could cause an Adverse REMIC Event
to occur with respect to the Trust REMIC, and no such Person shall take any
action or cause the Trust Fund to take any such action as to which the Trustee
has advised it in writing that an Adverse REMIC Event could occur. The Trustee
may consult with counsel to make such written advice, and the cost of same shall
be borne by the party seeking to take action not permitted by this Agreement.
At all times as may be required by the Code, the Servicer will to the
extent within its control and the scope of its duties more specifically set
forth herein, maintain substantially all of the assets of the Trust REMIC as
"qualified mortgages" as defined in Section 860G(a)(3) of the Code and
"permitted investments" as defined in Section 860G(a)(5) of the Code.
(g) In the event that any tax is imposed on "prohibited transactions"
of the Trust REMIC, as defined in Section 860F(a)(2) of the Code, on "net income
from foreclosure property" of the Trust REMIC, as defined in Section 860G(c) of
the Code, on any contributions to the Trust REMIC after the Startup Day therefor
pursuant to Section 860G(d) of the Code, or any other tax is imposed by the Code
or any applicable provisions of state or local tax laws, such tax shall be
charged (i) to the Servicer, if such tax arises out of or results from a breach
by the Servicer of any of its obligations under this Agreement or if the
Servicer has in its sole discretion determined to indemnify the Trust Fund
against such tax, (ii) to the Trustee, if such tax arises out of or results from
a breach by the Trustee of any of its obligations under this Article II, or
(iii) otherwise against amounts on deposit in the Custodial Account as provided
by Section 3.09 and on the Distribution Date(s) following such reimbursement the
aggregate of such
<PAGE>
taxes shall be allocated in reduction of the Interest Distribution Amount on
each Class entitled thereto in the same manner as if such taxes constituted a
Prepayment Interest Shortfall.
(h) The Trustee and the Servicer shall, for federal income tax
purposes, maintain books and records with respect to the Trust REMIC on a
calendar year and on an accrual basis or as otherwise may be required by the
REMIC Provisions.
(i) Following the Startup Day, neither the Servicer nor the Trustee
shall accept any contributions of assets to the Trust REMIC unless the Servicer
and the Trustee shall have received an Opinion of Counsel (at the expense of the
party seeking to make such contribution) to the effect that the inclusion of
such assets in the Trust REMIC will not cause the Trust REMIC to fail to qualify
as a remic at any time that any Certificates are outstanding, or subject the
Trust REMIC to any tax under the REMIC Provisions or other applicable provisions
of federal, state and local law or ordinances.
(j) Neither the Servicer nor the Trustee shall enter into any
arrangement by which the Trust REMIC will receive a fee or other compensation
for services nor permit the Trust REMIC to receive any income from assets other
than "qualified mortgages" as defined in Section 860G(a)(3) of the Code or
"permitted investments" as defined in Section 860G(a)(5) of the Code.
(k) Within 30 days after the Closing Date, the Trustee shall prepare
and file with the Internal Revenue Service Form 8811, "Information Return for
Real Estate Mortgage Investment Conduits (REMIC) and Issuers of Collateralized
Debt Obligations" for the Trust REMIC.
(m) Neither the Trustee nor the Servicer shall sell, dispose of or
substitute for any of the Mortgage Loans (except in connection with (i) the
default, imminent default or foreclosure of a Mortgage Loan, including but not
limited to, the acquisition or sale of a Mortgaged Property acquired by deed in
lieu of foreclosure, (ii) the bankruptcy of the Trust REMIC, (iii) the
termination of the Trust REMIC pursuant to Article X of this Agreement or (iv) a
purchase of Mortgage Loans pursuant to Article II or III of this Agreement) nor
acquire any assets for the Trust REMIC, nor sell or dispose of any investments
in the Custodial Account or the Certificate Account for gain nor accept any
contributions to the Trust REMIC after the Closing Date (a) unless it has
received an Opinion of Counsel that such sale, disposition, substitution or
acquisition will not affect adversely the status of the Trust REMIC as a remic
or (b) unless the Servicer has determined in its sole discretion to indemnify
the Trust Fund against such tax.
(n) In order to enable the Trustee to perform its duties as set forth
herein, the Depositor shall provide, or cause to be provided to the Trustee,
within ten days after the Delivery Date, all information or data that the
Trustee determines to be relevant for tax purposes to the valuations and
offering prices of the Certificates, including, without limitation, the price,
yield, prepayment assumption and projected cash flows of the Certificates and
the Mortgage Loans and the Trustee shall be entitled to rely upon any and all
such information and data in the performance of its duties set forth herein.
Thereafter, the Servicer shall provide, promptly upon request therefor, any such
additional information or data that the Trustee may from time to time reasonably
request in order to enable the Trustee to perform its duties as set forth herein
and the
<PAGE>
Trustee shall be entitled to rely upon any and all such information and data in
the performance of its duties set forth herein. The Depositor shall indemnify
the Trustee and hold its harmless for any loss, liability, damage, claim or
expense of the Trustee arising from any failure of the Depositor to provide, or
to cause to be provided, accurate information or data to the Trustee on a timely
basis. The Servicer shall indemnify the Trustee and hold it harmless for any
loss, liability, damage, claim or expense of the Trustee arising from any
failure of the Servicer to provide, or to cause to be provided, accurate
information or data to the Trustee on a timely basis. The indemnification
provisions hereunder shall survive the termination of this Agreement and shall
extend to any co-trustee appointed pursuant to this Agreement.
ARTICLE III
ADMINISTRATION AND SERVICING
OF MORTGAGE LOANS
SECTION 3.01. Servicing Standard.
------------------
For and on behalf of the Trustee, the Insurer and the
Certificateholders, the Servicer shall service and administer the Mortgage Loans
in accordance with prudent mortgage loan servicing standards and procedures
generally accepted in the mortgage banking industry and generally in a manner
consistent with FNMA guidelines except as otherwise expressly provided in this
Agreement. In connection with such servicing and administration, the Servicer
shall have full power and authority, acting alone and/or through any Sub-
Servicer as provided in Section 3.02 hereof, to do or cause to be done any and
all things that it may deem necessary or desirable in connection with such
servicing and administration, including but not limited to, the power and
authority, subject to the terms hereof (a) to execute and deliver, on behalf of
the Certificateholders and the Trustee, customary consents or waivers and other
instruments and documents (including, without limitation, estoppel
certificates), (b) to consent to transfers of any Mortgaged Property and
assumptions of the Mortgage Notes and related Mortgages (but only in the manner
provided in this Agreement), (c) to collect any Insurance Proceeds and
Liquidation Proceeds, (d) to consent to any subordinate financings to be secured
by any Mortgaged Property to the extent that such consent is required pursuant
to the terms of the related Mortgage, (e) to consent to the application of any
proceeds of insurance policies or condemnation awards to the restoration of the
applicable Mortgaged Property or otherwise, and (f) subject to the provisions of
Section 3.07 and 3.13, to effectuate foreclosure or other conversion of the
ownership of the Mortgage Property securing any Mortgage Loan; provided,
however, that the Servicer shall take no action that is materially inconsistent
with or materially prejudices the interest of the Trustee, the Insurer or the
Certificateholders in any Mortgage Loan or the rights and interest of the
Depositor, the Insurer, the Trustee and the Certificateholders under the terms
of this Agreement unless such action is specifically called for by the terms
hereof.
Without limiting the generality of the foregoing, but subject to the
terms hereof, the Servicer, in its own name or in the name of the Depositor and
the Trustee, is hereby authorized and empowered by the Depositor and the
Trustee, when the Servicer believes it appropriate in its best judgment, to
execute and deliver, on behalf of the Trustee, the Depositor, the
Certificateholders or any of them, any and all instruments of modification,
satisfaction, cancellation or assignment, or of partial or full release or
discharge and all other comparable
<PAGE>
instruments, with respect to the Mortgage Loans, and with respect to the
Mortgaged Properties held for the benefit of the Certificateholders. The
Servicer shall promptly notify the Trustee of any such execution and delivery.
The Depositor and the Trustee for the benefit of the Certificateholders shall
furnish the Servicer with any powers of attorney and other documents necessary
or appropriate to enable the Servicer to service and administer the Mortgage
Loans.
In accordance with the standards of the preceding paragraph, the
Servicer shall advance or cause to be advanced funds as necessary for the
purpose of effecting the timely payment of taxes and assessments on each
Mortgaged Property or any related unpaid insurance premiums that are not timely
paid by the Mortgagors prior to any such time as a Mortgage Loan is in
foreclosure; provided, however, that the Servicer shall be required to advance
only to the extent that such advances, in the good faith judgment of the
Servicer, will be recoverable by the Servicer out of Insurance Proceeds,
Liquidation Proceeds (net of Liquidation Expenses) or otherwise; and provided
further, that such payments shall be advanced when the tax, premium or other
cost for which such payment is intended is due. Any such advances shall be
reimbursable in the first instance from related collections from the related
Mortgagors pursuant to Section 3.07 hereof, and further as Liquidation Expenses
as provided in Section 3.13 hereof and may be withdrawn from the Custodial
Account pursuant to Section 3.09 hereof. All costs incurred by the Servicer or
by the related Sub-Servicer in effecting the timely payments of taxes and
assessments on the Mortgaged Properties and related insurance premiums shall
not, for the purpose of calculating monthly distributions to the
Certificateholders, be added to the Principal Balance under the related Mortgage
Loans, notwithstanding that the terms of such Mortgage Loans so permit.
Notwithstanding anything in this Agreement to the contrary, the
Servicer shall not (unless the Mortgagor is in default with respect to the
Mortgage Loan or such default is, in the judgment of the Servicer, imminent)
permit any modification with respect to any Mortgage Loan (i) that would change
the Net Mortgage Rate or, reduce or increase the principal balance (except for
reductions resulting from actual payments of principal), except for conversions
to a fixed rate in accordance with the terms of the Mortgage Loan or (ii) 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 a Principal Prepayment
made (or treated as made) by the Mortgagor of the entire principal balance of a
Mortgage Loan) and cause the Trust REMIC to fail to qualify as a remic under the
Code.
SECTION 3.02. Enforcement of the Obligations of Sub-Servicers.
-----------------------------------------------
(a) For purposes of this Agreement, the Servicer shall be deemed to
have received the payments on the Mortgage Loans referred to in Sections 3.07
and 3.08 hereof when the related Sub-Servicer has received such payments and
shall remain obligated to deposit such payments in accordance with Sections 3.07
and 3.08 hereof, regardless of whether such payments are remitted by the Sub-
Servicer to the Servicer. The Servicer and the related Sub-Servicer may enter
into amendments to any applicable Sub-Servicing Agreement; provided, however,
that any such amendments shall be consistent with and shall not violate the
provisions of this Agreement; and provided further, that the substance of any
such material amendment or material change shall be transmitted promptly to the
Depositor, the Trustee, the Insurer and the Rating Agencies.
<PAGE>
(b) As part of its servicing activities hereunder, the Servicer, for
the benefit of the Depositor, the Trustee, the Insurer and the
Certificateholders, shall supervise, administer, monitor and oversee the
servicing of the Mortgage Loans that are not serviced by it directly, and shall
enforce the obligations of each Sub-Servicer under the related Sub-Servicing
Agreement. Such enforcement shall include, without limitation, the legal
prosecution of claims, termination of Sub-Servicing Agreements, as appropriate,
and the pursuit of other appropriate remedies, and shall be in such form and
carried out to such an extent and at such time as the Servicer, in its good
faith business judgment, would require were it the owner of the related Mortgage
Loans. The Servicer shall pay the costs of such enforcement at its own expense,
but shall be reimbursed therefor only (i) from a general recovery resulting from
such enforcement only to the extent, if any, that such recovery exceeds all
amounts due in respect of the related Mortgage Loans or (ii) from a specific
recovery of costs, expenses or attorneys fees against the party against whom
such enforcement is directed. The Servicer shall not waive any event of default
by a Sub-Servicer under a Sub-Servicing Agreement which is a failure to remit
any payment required to be made by such Sub-Servicer that would result in an
Event of Default under this Agreement.
(c) During the term of this Agreement, the Servicer shall consult
fully with each of the Sub-Servicers as may be necessary from time to time to
perform and carry out the Servicer's obligations hereunder and receive, review
and evaluate all reports, information and other data that are provided to the
Servicer by each Sub-Servicer and otherwise exercise reasonable efforts to cause
each Sub-Servicer to perform and observe the covenants, obligations and
conditions to be performed or observed by it under its Sub-Servicing Agreement.
If any Sub-Servicer materially breaches or fails to perform or observe any
material obligations or conditions of its Sub-Servicing Agreement, the Servicer
shall promptly deliver to the Depositor, the Insurer and to the Trustee an
Officers' Certificate certifying that such Sub-Servicer is in default and
describing the events and circumstances giving rise to the default and what
action (if any) has been, or is to be, taken by the Sub-Servicer to cure the
default and setting forth the action to be taken by the Servicer.
SECTION 3.03. Termination of the Rights of Sub-Servicers.
------------------------------------------
If the Servicer terminates the rights of a Sub-Servicer under any Sub-
Servicing Agreement, the Servicer shall service the Mortgage Loans directly
pursuant to and in accordance with the terms of this Agreement, or at the
Servicer's election, enter into a substitute servicing agreement with another
mortgage loan servicing company reasonably acceptable to the Trustee and the
Servicer under which such mortgage loan servicing company shall assume, satisfy,
perform and carry out all liabilities, duties, responsibilities and obligations
that are to be, or otherwise were to have been, satisfied, performed and carried
out by the terminated Sub-Servicer, regardless of whether such liabilities,
duties, responsibilities or obligations shall have accrued before or after the
termination of the rights of such Sub-Servicer; provided, however, that any such
substitute servicer and any such substitute servicing shall satisfy the
requirements of Sections 3.01 and 3.02. If the Servicer does not elect to enter
into a substitute servicing agreement with a successor servicer, the Servicer
shall nevertheless service the Mortgage Loans directly pursuant to and in
accordance with the terms of this Agreement, until a substitute Sub-Servicer has
been appointed and designated and a substitute servicing agreement has been
entered into by the Servicer and such substitute Sub-Servicer. The Servicer
shall give notice to the Trustee, the Insurer and the Rating Agencies of any
termination of a Sub-Servicer and any appointment or designation of a substitute
Sub-Servicer.
<PAGE>
SECTION 3.04. Liability of the Servicer.
-------------------------
Notwithstanding the provisions of any Sub-Servicing Agreement, any of
the provisions of this Agreement relating to agreements or arrangements between
the Servicer or a Sub-Servicer or reference to actions taken through a Sub-
Servicer or otherwise, the Servicer shall remain obligated and liable to the
Depositor, the Trustee, the Insurer and the Certificateholders for the servicing
and administering of the Mortgage Loans included in the Trust Fund in accordance
with (and subject to the limitations contained within) the provisions of this
Agreement without diminution of such obligation or liability by virtue of such
Sub-Servicing Agreements or agreements or arrangements or by virtue of
indemnification from the Sub-Servicer and to the same extent and under the same
terms and conditions as if the Servicer alone were servicing and administering
the Mortgage Loans. The Servicer shall be entitled to enter into any agreement
with the Depositor or a Sub-Servicer for indemnification of the Servicer and
nothing contained in this Agreement shall be deemed to limit or modify such
indemnification.
SECTION 3.05. Rights of the Depositor and the Trustee
---------------------------------------
in Respect of the Servicer.
--------------------------
The Servicer shall afford the Depositor, the Insurer and the Trustee,
without charge but only upon reasonable notice and during normal business hours,
access to all records and documentation in the Servicer's possession regarding
the Mortgage Loans and to all accounts, insurance policies and other matters in
the Servicer's possession relating to this Agreement and access to officers of
the Servicer responsible for its obligations hereunder. The Depositor may, but
is not obligated to, enforce the obligations of the Servicer hereunder. The
Depositor shall not have any responsibility or liability for any action or
failure to act by the Servicer and is not obligated to supervise the performance
of the Servicer hereunder or otherwise.
SECTION 3.06. Trustee to Act as Servicer.
--------------------------
In the event that the Servicer shall for any reason no longer be the
Servicer hereunder (including by reason of an Event of Default), the Trustee
shall thereupon assume all of the rights and obligations of the Servicer
hereunder arising thereafter (except that the Trustee shall not be liable for
losses of the Servicer pursuant to Section 3.07 hereof, obligated to make
Monthly Advances if prohibited by applicable law, nor to effectuate repurchases
or substitutions of Mortgage Loans hereunder as substitute Servicer, including
pursuant to Section 2.04 hereof and except that the Trustee makes no
representations and warranties hereunder, including pursuant to Section 2.04
hereof). If the Servicer shall for any reason no longer be the Servicer
(including by reason of any Event of Default), the Trustee (or any other
successor servicer) shall succeed to any rights and obligations of the Servicer
under any Sub-Servicing Agreement and shall be deemed to have assumed the
Servicer's interest therein; provided, however, that the Servicer shall not
thereby be relieved of any liability or obligations under this Agreement, any
Sub-Servicing or substitute servicing agreement arising prior to the date of
such succession.
The Servicer shall, upon request of the Trustee, but at the expense of
the Servicer, deliver to the assuming party all documents and records relating
to the Mortgage Loans then
<PAGE>
being serviced thereunder and an accounting of amounts collected held by it and
otherwise use its best efforts to effect the orderly and efficient transfer of
servicing to the assuming party.
SECTION 3.07. Collection of Mortgage Loan Payments.
------------------------------------
The Servicer shall make reasonable efforts to collect 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, follow such
collection procedures as it follows with respect to mortgage loans comparable to
the Mortgage Loans held in its own portfolio and serviced by the Servicer.
Consistent with the foregoing, the Servicer may in its discretion (a) waive any
late payment charge or any prepayment charge or penalty interest in connection
with the prepayment of a Mortgage Loan and (b) subject to Section 3.01, only
upon determining that the coverage of such Mortgage Loan by any related Primary
Mortgage Insurance Policy will not be affected, extend the due dates for
payments due on a Mortgage Note for a period not greater than 270 days, but in
no event beyond the maturity date of any Mortgage Loan. In the event of any
such arrangement described in clause (b) of the preceding sentence, the Servicer
shall continue to make timely Monthly Advances on the related Mortgage Loan,
pursuant to and in accordance with Section 5.01 of this Agreement (but subject
to any limitations contained therein), during the scheduled period in accordance
with the amortization schedule of such Mortgage Loan without modification
thereof by reason of such arrangements.
The Servicer shall establish and maintain, in its name on behalf of
the Certificateholders and the Insurer, the Custodial Account. The Servicer
shall deposit into the Custodial Account within two Business Days of receipt by
the Servicer, or receipt from the Sub-Servicers except as otherwise specifically
provided herein, the following payments and collections received or made by it
subsequent to the Cut-off Date (other than in respect of principal of and
interest and any other payments on the Mortgage Loans due on or before the Cut-
off Date):
(i) all payments on account of principal, including Principal
Prepayments, on the Mortgage Loans;
(ii) all payments on account of interest on the Mortgage Loans;
(iii) all Insurance Proceeds and Liquidation Proceeds, other
than proceeds to be applied to the restoration or repair of the Mortgaged
Property or released to the Mortgagor in accordance with the Servicer's
normal servicing procedures, net of Liquidation Expenses, unpaid servicing
compensation and unreimbursed Monthly Advances;
(iv) all Monthly Advances made by the Servicer pursuant to
Section 5.01 hereof;
(v) any amount of any losses required to be deposited by the
Servicer pursuant to the second succeeding paragraph of this Section 3.07
in connection with any losses on Eligible Investments;
<PAGE>
(vi) any amounts required to be deposited by the Servicer
pursuant to Section 3.11 hereof;
(vii) all proceeds of any purchase by the Seller or the
Servicer, as the case may be, of any Mortgage Loans or property acquired in
respect of the Mortgage Loans pursuant to Sections 2.01, 2.02, 2.04, 3.12,
3.21 or 10.01 hereof and all amounts required to be deposited in connection
with the substitution of Replacement Mortgage Loans pursuant to Sections
2.01, 2.02 or 2.04 hereof; and
(viii) any other amounts required to be deposited in the
Custodial Account pursuant to this Agreement including, without limitation,
the amounts required to be deposited therein pursuant to Section 3.13
hereof.
The foregoing requirements for remittance by the Servicer shall be
exclusive, it being understood and agreed that, without limiting the generality
of the foregoing, payments in the nature of prepayment penalties, fees or
premiums, late payment charges, assumption fees and any excess interest charges
payable by the Mortgagor by virtue of any default or other non-compliance by the
Mortgagor with the terms of the Mortgage or any other instrument or document
executed in connection therewith or otherwise, if collected, need not be
remitted or deposited into the Custodial Account by the Servicer. In the event
that the Servicer shall remit or deposit any amount not required to be remitted
or deposited and not otherwise subject to withdrawal pursuant to Section 3.09
hereof, it may at any time withdraw such amount from the Custodial Account on
the following Distribution Date, any provision herein to the contrary
notwithstanding. Such direction may be accomplished by delivering an Officers'
Certificate to the Trustee which describes the amounts deposited in error in the
Custodial Account. All funds deposited in the Custodial Account shall be held
by the Servicer in trust for the Certificateholders and the Insurer until
disbursed in accordance with this Agreement or withdrawn in accordance with
Section 3.09. In no event shall the Trustee incur liability for withdrawals
from the Custodial Account at the direction of the Servicer.
The Servicer shall invest the funds in the Custodial Account in
Eligible Investments, which shall mature not later than the second Business Day
preceding the Distribution Date following the date of such investment (except
that if such Eligible Investment is an obligation of the institution that
maintains the Custodial Account, then such Eligible Investment shall mature not
later than such Distribution Date). All such Eligible Investments shall be made
in the name of the Trustee for the benefit of the Certificateholders and the
Insurer (in its capacity as such) or its nominee. The Servicer shall cause each
such Eligible Investment to be Delivered to the Trustee or its nominee
(including a securities intermediary). All income and gain net of any losses
realized from any such investment shall be for the benefit of the Servicer and
shall be subject to withdrawal at its direction from time to time. The amount
of any losses net of any gains not paid to the Servicer incurred in respect of
any such investments shall be remitted to the Trustee or deposited in the
Custodial Account out of the Servicer's own funds promptly following the date
the same are realized.
The Servicer shall promptly give notice to the Trustee, the Rating
Agencies, the Insurer and the Depositor of the location of the Custodial Account
and of any change thereof.
<PAGE>
SECTION 3.08. Collection of Taxes, Assessments and
------------------------------------
Similar Items; Escrow Accounts.
------------------------------
In addition to the Custodial Account, the Servicer shall establish and
maintain one or more custodial accounts (each, an "Escrow Account") and deposit
and retain therein all collections from the Mortgagors (or advances by the
Servicer) for the payment of taxes, assessments and hazard insurance premiums or
comparable items for the account of the Mortgagors. Escrow Accounts shall be
Eligible Accounts.
Withdrawals of amounts so collected from the Escrow Accounts may be
made only to effect timely payment of taxes, assessments, hazard insurance
premiums or Primary Mortgage Insurance Policy premiums, condominium or PUD
association dues, or comparable items, to reimburse the Servicer pursuant to
Sections 3.10 hereof (with respect to the Primary Mortgage Insurance Policy) and
3.08 hereof (with respect to taxes and assessments) and 3.11 hereof (with
respect to hazard insurance), to refund to any Mortgagors any sums as may be
determined to be overages, to pay interest, if required, to Mortgagors on
balances in the Escrow Account or to clear and terminate the Escrow Account at
the termination of this Agreement in accordance with Section 10.01 hereof. As
part of its servicing duties, the Servicer shall, and the Sub-Servicers shall,
pursuant to any Sub-Servicing Agreement, be required to, pay to the Mortgagors
interest on funds in the Escrow Account, to the extent required by law.
The Servicer shall, with respect to each Mortgage Loan, to the extent
any related Sub-Servicer does not do so, advance the payments referred to in the
preceding paragraph that are not timely paid by the Mortgagors; provided,
however, that the Servicer shall be required to so advance only to the extent
that such advances, in the good faith judgment of the Servicer, will be
recoverable by the Servicer out of Insurance Proceeds, Liquidation Proceeds or
otherwise of the related Mortgage Loan; and provided further, that such payments
shall be advanced when the tax, premium or other cost for which such payment is
intended is due.
SECTION 3.09. Permitted Withdrawals from the Custodial Account.
------------------------------------------------
The Servicer may (and, with respect to clauses (e) and (g) below,
shall), from time to time, direct the Trustee to make, and the Trustee shall
make, to the extent required or authorized hereunder, withdrawals from the
Custodial Account for the following purposes:
(a) to pay to the Servicer as additional servicing compensation,
earnings on or investment income with respect to funds in the Custodial
Account credited to the Custodial Account;
(b) to reimburse the Servicer for advances made pursuant to
Sections 3.01, 3.10, 3.13, 5.01 and 5.02 hereof, such right of
reimbursement pursuant to this subclause (b) being limited to amounts
received in respect of the particular Mortgage Loan (including, for this
purpose, Insurance Proceeds, Liquidation Proceeds, amounts representing
proceeds of other insurance policies, if any, covering the related
Mortgaged Property, rental and other income from REO Property and proceeds
of any purchase or repurchase of the related Mortgage Loan);
(c) to reimburse the Servicer for any Nonrecoverable Advances;
<PAGE>
(d) to reimburse the Servicer from Liquidation Proceeds for
Liquidation Expenses and, to the extent that Liquidation Proceeds after
such reimbursement are in excess of the Principal Balance of the related
Mortgage Loan together with accrued and unpaid interest thereon at a rate
equal to the sum of the Net Mortgage Rate and the Trustee Fee Rate, to pay
out of such excess the amount of any unpaid servicing compensation with
respect to the related Mortgage Loan to the Servicer, which may include any
unpaid servicing compensation to the Sub-Servicer (for disbursement in
accordance with Section 3.16 hereof);
(e) to pay to the Seller or the Servicer, as the case may be,
with respect to each Mortgage Loan or property acquired in respect thereof
that has been purchased pursuant to Sections 2.01, 2.02, 2.04 or 3.12
hereof all amounts received thereon and not taken into account in
determining the Purchase Price of such repurchased Mortgage Loan;
(f) to reimburse the Servicer or the Depositor for expenses
incurred by and reimbursable to the Servicer or the Depositor pursuant to
Section 7.03 hereof;
(g) to withdraw any amount deposited in the Custodial Account
pursuant to Section 3.07 and not required to be deposited therein; and
(h) to clear and terminate the Custodial Account upon termination
of this Agreement pursuant to Section 10.01 hereof.
The Servicer shall keep and maintain separate accounting, on a
Mortgage Loan by Mortgage Loan basis, for the purpose of justifying any
withdrawal from the Custodial Account pursuant to such subclauses (a), (b), (c),
(d), (e) and (f). The Servicer may apply Liquidation Proceeds and Insurance
Proceeds received with respect to a particular Mortgage Loan to reimbursements
permitted by clauses (b), (c) and (d) above in any order as the Servicer deems
appropriate.
On or prior to the second Business Day preceding each Distribution
Date after payment of items (a) through (h) above, the Servicer shall withdraw
from the Custodial Account and remit to the Trustee, in immediately available
funds, and the Trustee, upon receipt thereof, shall deposit in the Certificate
Account, an amount equal to the sum of the Available Distribution Amount, the
Trustee Fee, the Servicing Fee and the Insurer Premium for such Distribution
Date.
SECTION 3.10. Maintenance of Primary Mortgage Insurance Policies;
---------------------------------------------------
Collections Thereunder.
----------------------
The Servicer shall not take, or permit any Sub-Servicer to take, any
action that would result in loss of coverage under any applicable Primary
Mortgage Insurance Policy for any loss which, but for the actions of the
Servicer or Sub-Servicer, would have been covered thereunder.
The Servicer shall use its best reasonable efforts to cause such Sub-Servicer to
keep in full force and effect each Primary Mortgage Insurance Policy applicable
to a Mortgage Loan being serviced by it, including for each Lender-Paid MI Loan,
until the principal balance of the related Mortgage Loan, in the case of a
Mortgage Loan having a Loan-to-Value Ratio at origination in
<PAGE>
excess of 80%, is reduced to (a) 80% or less of the Appraised Value or (b) 80%
or less of its current value based on a new appraisal. The Servicer agrees to
pay to the extent the related Sub-Servicer does not do so, the premiums for each
Primary Mortgage Insurance Policy on a timely basis and shall use its best
reasonable efforts to cause itself or the Sub-Servicer to be named as loss
payee. In the event that the insurer under any Primary Mortgage Insurance
Policy shall cease to be qualified to transact a mortgage guaranty insurance
business under the laws of the state of its organization or any other state that
has jurisdiction over such insurer (or if such insurer's claims-paying ability
shall adversely affect the rating on the Class A Certificates) or such Primary
Mortgage Insurance Policy is cancelled or terminated for any reason, the
Servicer shall exercise its best reasonable efforts to obtain, or to cause the
related Sub-Servicer to obtain, from another Qualified Insurer, a replacement
policy comparable to such Primary Mortgage Insurance Policy at the expense of
the Mortgagor. The Servicer shall not consent to the cancellation or refusal to
renew any such Primary Mortgage Insurance Policy applicable to any Mortgage
Loan, which is in effect at the date of the initial issuance of the Certificates
and is required to be kept in force hereunder unless the replacement Primary
Mortgage Insurance Policy for such cancelled or non-renewed policy is maintained
with an insurer with a rating not lower than the insurer issuing the Primary
Mortgage Insurance Policy in effect at the date of the initial issuance of the
Certificates or whose claims-paying will not adversely affect the rating on the
Class A Certificates or unless any such cancellation or refusal, or consent
thereto, will not adversely affect the rating on the Class A Certificates. In
connection with any assumption and modification agreement entered into by the
Servicer or a Sub-Servicer pursuant to Section 3.12, the Servicer shall obtain a
replacement Primary Mortgage Insurance Policy, as provided above.
In connection with its activities as administrator and servicer of the
Mortgage Loans, the Servicer agrees to present, on behalf of itself, the
Depositor, the Trustee for the benefit of the Certificateholders and the
Insurer, claims to the insurer under any Primary Mortgage Insurance Policies
and, in this regard, to take such reasonable action as shall be necessary to
permit recovery under any Primary Mortgage Insurance Policies respecting
defaulted Mortgage Loans. Pursuant to Section 3.07 hereof, any amounts
collected by the Servicer under any Primary Mortgage Insurance Policy shall be
deposited in the Custodial Account, subject to withdrawal pursuant to Section
3.09 hereof.
SECTION 3.11. Maintenance of Hazard Insurance and Other Insurance.
----------------------------------------------------
The Servicer shall cause to be maintained for each Mortgage Loan,
hazard insurance with extended coverage in an amount that is at least equal to
the maximum insurable value of improvements securing such Mortgage Loan or its
Principal Balance, whichever is less.
Each policy of standard hazard insurance shall contain, or have an
accompanying endorsement that contains, a standard mortgagee clause complying in
all material respects in form and substance to applicable FNMA guidelines. The
Servicer shall cause to be maintained on property acquired upon foreclosure or
deed in lieu of foreclosure of any Mortgage Loan, liability insurance and, to
the extent described below, flood insurance. Pursuant to Section 3.07 hereof,
any amounts collected by the Servicer under any such policies (other than
amounts to be applied to the restoration or repair of the related Mortgaged
Property or property thus acquired or amounts released to the Mortgagor in
accordance with the terms of the applicable Mortgage or the Servicer's normal
servicing procedures) shall be deposited in the Custodial Account, subject to
withdrawal pursuant to Section 3.09 hereof.
<PAGE>
Any cost incurred by the Servicer or the related Sub-Servicer in
maintaining any such insurance shall not, for the purpose of calculating monthly
distributions to the Certificateholders or remittances to the Trustee for their
benefit, be added to the Principal Balance of the Mortgage Loan, notwithstanding
that the terms of the Mortgage Loan so permit. Such costs shall be recoverable
by the Servicer out of payments by the related Mortgagor or out of Insurance
Proceeds or Liquidation Proceeds to the extent permitted by Section 3.09 hereof.
If the Mortgaged Property is located at the time of origination of the Mortgage
Loan in a federally designated special flood hazard area, the Servicer shall
cause flood insurance to be maintained. Such flood insurance shall be in an
amount equal to the lesser of (i) the unpaid Principal Balance of the related
Mortgage Loan or (ii) the maximum amount of such insurance available for the
related Mortgaged Property under the national flood insurance program, if the
area in which such Mortgaged Property is located is participating in such
program.
In the event that the Servicer shall obtain and maintain a blanket
policy insuring against hazard losses on all of the Mortgage Loans, it shall
conclusively be deemed to have satisfied its obligations as set forth in the
first sentence of this Section 3.11, it being understood and agreed that such
policy may contain a deductible clause on terms substantially equivalent to
those commercially available and maintained by comparable servicers, and
provided that the provider of such blanket policy is rated by A.M. Best Company
A:V or higher and the claims-paying ability of such provider is rated in one of
the three highest rating categories by at least one nationally recognized
statistical rating organization. If such policy contains a deductible clause,
the Servicer shall, to the extent that there shall not have been maintained on
the related Mortgaged Property a policy complying with the first sentence of
this Section 3.11 and there shall have been a loss that would have been covered
by such policy, remit to the Trustee for deposit in the Custodial Account the
amount not otherwise payable under the blanket policy because of such deductible
clause, accompanied by an Officers' Certificate describing the calculation of
such amount. In connection with its activities as administrator and servicer of
the Mortgage Loans, the Servicer agrees to present, on behalf of itself, the
Depositor, the Trustee for the benefit of the Certificateholders, claims under
any such blanket policy.
SECTION 3.12. Enforcement of Due-On-Sale Clauses;
-----------------------------------
Assumption Agreements.
---------------------
(a) Except as otherwise provided in this Section 3.12(a), when any
property subject to a Mortgage has been conveyed by the Mortgagor, the Servicer
shall, to the extent that it has knowledge of such conveyance, enforce any due-
on-sale clause contained in any Mortgage Note or Mortgage, to the extent
permitted under applicable law and governmental regulations, but only to the
extent that such enforcement will not adversely affect or jeopardize coverage
under any Required Insurance Policy. In the event that the Servicer or the
related Sub-Servicer is prohibited by law from enforcing any such due-on-sale
clause, or if coverage under any Required Insurance Policy would be adversely
affected, the Servicer is authorized, subject to Section 3.12(b), to take or
enter into an assumption and modification agreement from or with the person to
whom such 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, the Mortgagor remains liable thereon, provided that the
Mortgage Loan shall continue to be covered (if so covered before the Servicer
enters such agreement) by the applicable Required Insurance Policies. The
Servicer, subject to Section 3.12(b), is also authorized with the prior approval
of the insurers under any Required Insurance Policies to enter into a
substitution of
<PAGE>
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. Notwithstanding the foregoing, the
Servicer shall not be deemed to be in default under this Section 3.12(a) by
reason of any transfer or assumption which the Servicer is restricted by law
from preventing, for any reason whatsoever.
(b) Subject to the Servicer's duty to enforce any due-on-sale clause
to the extent set forth in Section 3.12(a) hereof, in any case in which a
Mortgaged Property has been conveyed to a Person by a Mortgagor, if an
assumption is permitted under Section 3.12(a) and such Person is to enter into
an assumption agreement or modification agreement or supplement to the Mortgage
Note or Mortgage held for the benefit of the Certificateholders and the Insurer
that requires the signature of the Trustee, or if an instrument of release
signed by the Trustee is required releasing the Mortgagor from liability on the
Mortgage Loan, the Servicer shall deliver or cause to be delivered to the
Trustee for signature the assumption agreement with the Person to whom the
Mortgaged Property is to be conveyed and such modification agreement or
supplement to the Mortgage Note or Mortgage or other instruments as are
reasonable or necessary to carry out the terms of the Mortgage Note or Mortgage
or otherwise to comply with any applicable laws regarding assumptions or the
transfer of the Mortgaged Property to such Person. The Servicer shall also
deliver or cause to be delivered to the Trustee with the foregoing documents a
letter explaining the nature of such documents and the reason or reasons why the
Trustee's signature is required.
With such letter, the Servicer shall deliver to the Trustee a
certificate of a Servicing Officer certifying that: (i) a Servicing Officer has
examined and approved such documents as to form and substance, (ii) the
Trustee's execution and delivery thereof will not conflict with or violate any
terms of this Agreement or cause the unpaid balance and interest on the Mortgage
Loan to be uncollectible in whole or in part, (iii) any required consents of
insurers under any Required Insurance Policies have been obtained and (iv)
subsequent to the closing of the transaction involving the assumption or
transfer (A) the Mortgage Loan will continue to be secured by a first mortgage
lien pursuant to the terms of the Mortgage, (B) such transaction will not
adversely affect the coverage under any Required Insurance Policies, (C) the
Mortgage Loan will fully amortize over the remaining term thereof or, if the
Mortgage Loan provided that the amortization period on which the Monthly
Payments were based was a longer period, such period has not been extended, (D)
the interest rate on the Mortgage Loan will not be altered nor will the term of
the Mortgage Loan be increased as a result of such assumption or transfer and
(E) if the seller/transferor of the Mortgaged Property is to be released from
liability on the Mortgage Loan, the Servicer used the same underwriting
standards in evaluating the creditworthiness of the purchaser/transferee as were
used in making the original Mortgage Loan, and such release will not (based on
the Servicer's good faith determination) adversely affect the collectibility of
the Mortgage Loan. Upon receipt of such certificate, the Trustee for the
benefit of the Certificateholders and the Insurer shall execute any necessary
instruments for such assumption or substitution of liability. Upon the closing
of the transactions contemplated by such documents, the Servicer shall cause the
originals of the assumption agreement, the release (if any), or the modification
or supplement to the Mortgage Note or Mortgage to be delivered to the Trustee
for the benefit of the Certificateholders and the Insurer and deposited with the
Trustee Mortgage File for such Mortgage Loan. Any fee collected by the Servicer
for entering into an assumption or substitution of liability agreement will be
retained by the Servicer as additional servicing compensation.
<PAGE>
In the event that the Servicer, in connection with any such assumption
or modification agreement or supplement to the Mortgage Note, is unable to
deliver the certificate of the Servicing Officer set forth above, the Servicer
shall purchase, or cause the related Sub-Servicer to purchase the related
Mortgage Loan in the manner, and at the Purchase Price, set forth in Section
2.04 hereof.
SECTION 3.13. Realization Upon Defaulted Mortgage Loans.
-----------------------------------------
The Servicer shall foreclose upon or otherwise comparably convert the
ownership of properties securing such of the Mortgage Loans as come into and
continue in default and as to which, in the reasonable judgment of the Servicer,
no satisfactory arrangements can, in accordance with prudent lending practices,
be made for collection of delinquent payments pursuant to Section 3.01 hereof.
In connection with such foreclosure or other conversion, the Servicer shall
follow such practices and procedures as it shall deem necessary or advisable, as
shall be normal and usual in its general mortgage servicing activities and for
its own portfolio and as are in accordance with the requirements of the insurer
under any Required Insurance Policy and shall deliver to the Insurer a
liquidation report with respect to the related Mortgage Loan on the form of
report customarily prepared by the Servicer. In particular, the Servicer will
service each Mortgage Loan in a manner that preserves the right to proceed
against all collateral securing such Mortgage Loan (e.g., in accordance with any
applicable "single action" rule). The Servicer shall not be required to expend
its own funds in connection with any foreclosure or towards the restoration,
repair, protection or maintenance of any property unless it shall determine in
its sole discretion that such expenses will be recoverable to it as Liquidation
Expenses either through Liquidation Proceeds (respecting which it shall have
priority for purposes of withdrawals from the Custodial Account pursuant to
Section 3.09 hereof) or through Insurance Proceeds (respecting which it shall
have similar priority). The 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 from the proceeds of liquidation of
the related Mortgaged Property, as contemplated in Section 3.09 hereof.
In the event that any Mortgaged Property becomes an REO Property, the
deed or certificate of sale shall be taken in the name of the Trustee for the
benefit of the Certificateholders and the Insurer, or its nominee, on behalf of
the Certificateholders and the Insurer. Pursuant to its efforts to sell such
REO Property, the Servicer shall either itself or through an agent selected by
the Servicer protect and conserve such REO Property in the same manner and to
such extent as is customary in the locality where such REO Property is located
and may, incident to its conservation and protection of the interests of the
Certificateholders and the Insurer, rent the same, or any part thereof, as the
Servicer deems to be in the best interest of the Servicer, the Insurer and the
Certificateholders for the period prior to the sale of such REO Property on such
terms and conditions and for such periods as the Servicer deems to be in the
best interest of the Servicer, the Insurer and the Certificateholders.
Notwithstanding anything herein to the contrary, in the event that the Trust
REMIC acquires any REO Property as aforesaid or otherwise in connection with a
default or imminent default on a Mortgage Loan, the Servicer, on behalf of the
Trust REMIC, shall dispose of such REO Property within three full years after
the taxable year of its acquisition by the Trust REMIC for purposes of Section
860G(a)(8) of the Code (or such shorter period as may be necessary under
applicable state (including any state in which such property is located) law to
maintain the status of the Trust REMIC as a remic under applicable state law and
avoid taxes resulting from such property
<PAGE>
failing to be foreclosure property under applicable state law) or, at the
expense of the Trust REMIC, request, more than 60 days before the day on which
such grace period would otherwise expire, an extension of such grace period
unless the Servicer obtains for the Trustee an Opinion of Counsel, addressed to
the Trustee, the Insurer and the Servicer, to the effect that the holding by the
Trust REMIC of such REO Property subsequent to such period will not result in
the imposition of taxes on "prohibited transactions" as defined in Section 860F
of the Code, or cause the Trust REMIC to fail to qualify as a remic under the
Code at any time that any Certificates of the Trust REMIC are outstanding, in
which case the Trust REMIC may continue to hold such REO Property (subject to
any conditions contained in such Opinion of Counsel). The Servicer shall be
entitled to be reimbursed from the Custodial Account for any costs incurred in
obtaining such Opinion of Counsel. Notwithstanding any other provision of this
Agreement, no REO Property acquired by the Trust REMIC shall be rented (or
allowed to continue to be rented) or otherwise used by or on behalf of the Trust
REMIC in such circumstances or manner or pursuant to any terms that would (i)
cause such REO Property to fail to qualify as "foreclosure property" within the
meaning of Section 860G(a)(8) of the Code or (ii) subject the Trust REMIC to the
imposition of any federal income taxes on the income earned from such REO
Property, including any taxes imposed by reason of Section 860G(c) of the Code,
unless the Servicer has agreed to indemnify and hold harmless the Trust REMIC
with respect to the imposition of any such taxes.
The decision of the Servicer to foreclose on a defaulted Mortgage Loan
shall be subject to a determination by the Servicer that the proceeds of such
foreclosure would exceed the costs and expenses of bringing such a proceeding.
The income earned from the management of any Mortgaged Properties acquired
through foreclosure or other judicial proceeding on behalf of the
Certificateholders and the Insurer, net of reimbursement to the Servicer for
expenses incurred (including any taxes) in connection with such management,
advances made by the Servicer pursuant to Sections 3.01, 3.11, 3.13 or 5.01 in
connection with the related Mortgage Loan or REO Property and Liquidation
Expenses incurred by the Servicer in connection with the related Mortgage Loan,
shall be applied to the payment of principal of and interest on the related
defaulted Mortgage Loans (with interest accruing and principal amortizing as
though such Mortgage Loans were still current) and all such income shall be
deemed, for all purposes in this Agreement, to be payments on account of
principal of and interest on the related Mortgage Notes and shall be deposited
into the Custodial Account.
Prior to obtaining or causing the Trustee to obtain a deed as a result
of or in lieu of foreclosure, or otherwise acquiring (or causing the Trustee to
acquire) possession of or title to any Mortgaged Property, if the Servicer
determines that obtaining a deed or otherwise acquiring title or possession of
such Mortgaged Property would likely subject the Servicer, the Trustee or the
Trust Fund to substantial liability in respect of environmental conditions
concerning the Mortgaged Property, (a) the Servicer shall (i) notify the Trustee
and the Depositor of such determination and (ii) refrain from obtaining or
directing the Trustee to obtain a deed as a result of or in lieu of foreclosure
or otherwise acquiring title or possession to such Mortgaged Property and (b)
the obligations of the Servicer to make advances, including, without limitation,
Monthly Advances, in connection with the Mortgage Loan in question shall cease
as of the date that the Servicer makes such determination.
<PAGE>
SECTION 3.14. Trustee to Cooperate; Release of Trustee Mortgage
-------------------------------------------------
Files.
Upon the payment in full of any Mortgage Loan, or the receipt by the
Servicer of a notification that payment in full will be escrowed in a manner
customary for such purposes, and upon notification by the Servicer in the form
of a certification (which certification shall include a statement to the effect
that all amounts received or to be received in connection with such payment
which are required to be deposited in the Custodial Account have been or will be
so deposited) of a Servicing Officer and a Request for Release of the Trustee
Mortgage File in the form of Exhibit G hereto the Trustee shall promptly release
the related Trustee Mortgage File to the Servicer, and the Trustee shall execute
and deliver to the Servicer the request for reconveyance, deed of reconveyance
or release, satisfaction or assignment of mortgage or such instrument releasing
the lien of the Mortgage, and, in each case, such other documents or instruments
as may be reasonably required in connection therewith, as directed by the
Servicer, together with the Mortgage Note with written evidence of cancellation
thereon. The provisions of the immediately preceding sentence shall not, in any
manner, limit or impair the right of the Servicer to execute and deliver, on
behalf of the Trustee, the Depositor, the Certificateholders or any of them, any
and all instruments of satisfaction, cancellation or assignment, or of partial
or full release or discharge and all other comparable instruments, with respect
to the Mortgage Loans, and with respect to the Mortgaged Properties held for the
benefit of the Certificateholders. No expenses incurred in connection with any
instrument of satisfaction or deed of reconveyance shall be chargeable to the
Certificate Account but shall be paid by the Servicer. From time to time and as
shall be appropriate for the servicing or foreclosure of any Mortgage Loan,
including, without limitation, for such purpose, collection under any policy of
flood insurance, any fidelity bond or errors or omissions policy, or for the
purposes of effecting a partial or total release of any Mortgaged Property from
the lien of the Mortgage or the making of any corrections to the Mortgage Note
or the Mortgage or any of the other documents included in the Trustee Mortgage
File, the Trustee shall, upon request of the Servicer and the delivery to the
Trustee of a Request for Release signed by a Servicing Officer, in the form of
Exhibit G hereto, release the Trustee Mortgage File to the Servicer. If the
Servicer at any time seeks to initiate a foreclosure proceeding in respect of
any Mortgaged Property, the Servicer shall deliver to the Depositor or the
Trustee, for signature as appropriate, any court pleadings, requests for
trustee's sale or other documents necessary to effectuate such foreclosure or
any legal action brought to obtain judgment against the Mortgagor on the
Mortgage Note or the Mortgage or to obtain a deficiency judgment or to enforce
any other remedies or rights provided by the Mortgage Note or the Mortgage or
otherwise available at law or in equity, together with a certificate of a
Servicing Officer requesting that such pleadings or documents be executed by the
Trustee. A Servicing Officer shall certify as to the reason such documents or
pleadings are required and that the execution and delivery thereof by the
Trustee will not invalidate the insurance coverage under any Required Insurance
Policy or invalidate or otherwise affect the lien of the Mortgage except for the
termination of such lien upon completion of the foreclosure.
SECTION 3.15. Documents, Records and Funds in Possession of Servicer
------------------------------------------------------
to be Held for the Depositor and the Trustee for the
----------------------------------------------------
Benefit of the Certificateholders.
---------------------------------
Notwithstanding any other provisions of this Agreement, the Servicer
shall transmit to the Trustee to the extent required by this Agreement all
documents and instruments coming into the possession of the Servicer from time
to time and shall account fully to the
<PAGE>
Trustee for the benefit of the Certificateholders and the Insurer for any funds
received by the Servicer or which otherwise are collected by the Servicer as
Liquidation Proceeds or Insurance Proceeds in respect of any Mortgage Loan. All
Servicer Mortgage Files or Trustee Mortgage Files and funds collected or held
by, or under the control of, the Servicer in respect of any Mortgage Loans,
whether from the collection of principal and interest payments or from
Liquidation Proceeds or Insurance Proceeds, including but not limited to, any
funds on deposit in the Custodial Account, shall be held by the Servicer for and
on behalf of the Depositor, the Trustee for the benefit of the
Certificateholders and the Insurer and shall be and remain the sole and
exclusive property of the Trustee, subject to the applicable provisions of this
Agreement. The Servicer also agrees that it shall not create, incur or subject
any Servicer Mortgage File or Trustee Mortgage File or any funds that are
deposited in the Custodial Account or any Servicing or Escrow Account, or any
funds that otherwise are or may become due or payable to the Trustee for the
benefit of the Certificateholders, to any claim, lien, security interest,
judgment, levy, writ of attachment or other encumbrance, or assert by legal
action or otherwise any claim or right of setoff against any Servicer Mortgage
File or Trustee Mortgage File or any funds collected on, or in connection with,
a Mortgage Loan, except, however, that the Servicer shall be entitled to set off
against and deduct from any such funds any amounts that are properly due and
payable to the Servicer under this Agreement subject to the terms of this
Agreement.
SECTION 3.16. Servicing Compensation.
----------------------
As compensation for its activities hereunder, the Servicer shall be
entitled to retain from the Custodial Account or withdraw from the Custodial
Account the amounts specified in subclause (a) of Section 3.09 hereof as payable
to it.
Additional servicing compensation in the form of prepayment penalties,
fees or premiums, assumption fees, modification fees, late payment charges or
otherwise or any excess interest charges payable by the Mortgagor by virtue of
any default or other non-compliance by the Mortgagor with the terms of the
Mortgage or any other instrument or document executed in connection therewith or
otherwise shall be retained by the Servicer to the extent not required to be
deposited in the Custodial Account pursuant to Section 3.07 hereof. The
Servicer shall be required to pay all expenses incurred by it in connection with
its servicing activities hereunder (including payment of premiums for Primary
Mortgage Insurance Policies, to the extent such premiums are not required to be
paid or have not been paid by the related Mortgagor or the related Sub-Servicer,
payment of any premiums for hazard insurance, as required by Section 3.11 hereof
and maintenance of the other forms of insurance coverage required by Section
3.11 hereof) the payment of servicing compensation to any Sub-Servicers pursuant
to any Sub-Servicing Agreement and the payment of the expenses of the Trustee to
the extent provided in Section 9.05, and shall not be entitled to reimbursement
therefor except as specifically provided in Sections 3.09, 3.13 and 5.03 hereof.
SECTION 3.17. Reports to the Depositor; Account Statements.
--------------------------------------------
Within five Business Days following each Distribution Date, the
Servicer shall deliver to the Trustee, the Insurer and the Depositor a statement
setting forth the status of the Custodial Account, if any, as of the close of
business on such Distribution Date showing, for the period covered by such
statement, the aggregate of deposits in or withdrawals from the Custodial
Account, if any, for each category of deposit specified in Section 3.07 hereof
and each
<PAGE>
category of withdrawal specified in Section 3.09 hereof. The Servicer shall
forward a copy of such statement to the Rating Agencies. Within ten Business
Days following each Distribution Date, the Trustee shall deliver to the
Depositor and the Insurer a statement setting forth the status of the
Certificate Account as of the close of business on such Distribution Date
showing, for the period covered by such statement, the aggregate of deposits in
or withdrawals from the Certificate Account. The Trustee shall forward a copy
of such statement to the Rating Agencies.
SECTION 3.18. Annual Statement as to Compliance.
---------------------------------
The Servicer shall deliver to the Depositor, the Insurer and the
Trustee on or before January 31 of each year, commencing January 31, 2000, an
Officers' Certificate stating, as to each signer thereof, that (a) a review of
the activities of the Servicer during the year ended on the preceding September
30 and of the performance of the Servicer under this Agreement has been made
under such officer's supervision, (b) to the best of such officer's knowledge,
based on such review, the Servicer has fulfilled all its obligations under this
Agreement in all material respects 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, (c) a Servicing Officer
has conducted an examination of the activities of each Sub-Servicer during the
immediately preceding year and its performance under any Sub-Servicing
Agreement, and (d) to the best of such Servicing Officer's knowledge, based on
such examination, each Sub-Servicer has performed and fulfilled its duties,
responsibilities and obligations under such Sub-Servicing Agreement in all
material respects throughout such year, or if there has been a default in the
performance or fulfillment of any such duties, responsibilities or obligations,
specifying each such default known to such Servicing Officer and the nature and
status thereof. The Servicer shall forward a copy of each such statement to the
Rating Agencies.
SECTION 3.19. Annual Independent Public Accountants' Servicing
------------------------------------------------
Report.
On or before January 31 of each year, beginning with the first January
31 that occurs at least eleven months after the Cut-off Date, the Servicer, at
its expense, shall cause a firm of independent public accounts that is a member
of the American Institute of Certified Public Accountants to furnish a statement
to the Depositor, the Insurer and the Trustee for the benefit of the
Certificateholders to the effect that such firm has examined certain documents
substantially similar to this Agreement and records relating to the servicing of
mortgage loans serviced by the Servicer or any successor servicer that are
substantially similar to the Mortgage Loans and that, on the basis of an
examination conducted substantially in compliance with the Uniform Single Audit
Program for Mortgage Bankers or the Audit Program for Mortgages serviced for
FHLMC, such servicing has been conducted in compliance with such agreements
except for such significant exceptions or errors in records that, in the opinion
of such firm, the Uniform Single Audit Program for Mortgage Bankers or the Audit
Program for Mortgages serviced for FHLMC requires it to report. In rendering
such statement such firm may rely, as to matters relating to direct servicing of
Mortgage Loans by Sub-Servicers, if any, upon comparable statements for
examinations conducted substantially in compliance with the Uniform Single Audit
Program for Mortgage Bankers or the Audit Program for Mortgages serviced for
FHLMC (rendered within one year of such statement) of independent public
accounts with respect to the related Sub-Servicer. The Servicer shall forward a
copy of each such report to the Rating Agencies.
<PAGE>
SECTION 3.20. Reports to Trustee.
------------------
On or before the third Business Day of each month, the Servicer shall
cause to be delivered to the Trustee and the Insurer a monthly servicing report
in electronic format containing the information required by the Trustee to
prepare the information set forth in Section 4.04(a). The Trustee may
conclusively rely on information provided by the Servicer and shall have no
obligation to recompute, recalculate, or verify the accuracy of such
information.
SECTION 3.21. Converted Mortgage Loans; Certain Procedures and
------------------------------------------------
Purchases.
---------
(a) The Trustee, as Note Holder (as defined in the Mortgage Notes for
the Mortgage Loans) on behalf of the Certificateholders and the Insurer is
hereby authorized and hereby authorizes and directs the Servicer, on behalf of
the Note Holder, to determine fixed interest rates into which Mortgagors under
Convertible Mortgage Loans may convert the adjustable interest rates on their
Mortgage Notes in accordance with the terms set forth in such Mortgage Notes.
The Servicer agrees to make such determinations and otherwise administer the
program contemplated in the Mortgage Notes for the Convertible Mortgage Loans
until the later to occur of (i) the date on which all the Convertible Mortgage
Loans have become Converted Mortgage Loans, and (ii) the last date on which
Mortgagors have the option to convert the adjustable interest rates on their
Mortgage Notes to fixed interest rates.
(b) The Seller may, but is not obligated to, purchase such Converting
Mortgage Loan. All amounts paid by the Seller in connection with the purchase
of a Converting Mortgage Loan or Converted Mortgage Loan, as the case may be,
will be deposited in the Custodial Account. No party to this Agreement or any
successor to any party shall be required to purchase any Converted or Converting
Mortgage Loan.
(c) Notwithstanding that a Mortgage Loan becomes a Converting Mortgage
Loan or Converted Mortgage Loan in any month, such Converting Mortgage Loan or
Converted Mortgage Loan shall remain in the Trust Fund and all payments in
respect thereof shall remain in the Trust Fund unless and until such Converting
Mortgage Loan or Converted Mortgage Loan, as the case may be, is purchased by
the Seller, pursuant to Section 3.21(b).
(d) Upon any purchase of a Converting Mortgage Loan or Converted
Mortgage Loan, as the case may be, by the Seller pursuant to Section 3.21(b) and
the deposit in the Custodial Account of the Purchase Price, the Seller shall
give the Trustee written notice thereof and, based thereon, the Trustee shall
release, or cause any Custodian to release, the related Mortgage File and convey
such Mortgage Loan to the purchaser whereupon such purchased Converted Mortgage
Loan shall cease to be part of the Trust Fund.
<PAGE>
ARTICLE IV
PAYMENTS AND STATEMENTS TO CERTIFICATEHOLDERS
SECTION 4.01. Certificate Account.
-------------------
The Trustee shall establish, prior to the Delivery Date, and shall
maintain, in the name of the Trustee on behalf of the Holders of interests in
the Trust Fund, the Certificate Account, which shall be an Eligible Account,
into which the Trustee upon receipt from the Servicer shall deposit all payments
remitted by the Servicer and any amounts required to be remitted by the
Depositor pursuant to the terms hereof. All distributions to be made from time
to time to Holders of interests in the Trust Fund out of funds in the
Certificate Account shall be made by or on behalf of the Trustee. The Trustee
will give notice to the Servicer, the Rating Agencies, the Insurer and the
Depositor of the location of the Certificate Account and of any change thereof,
prior to the use thereof. Funds held in the Certificate Account and delivered
to the Trustee earlier than one Business Day prior to the next Distribution Date
shall be invested by the Trustee in Eligible Investments as directed by the
Servicer or shall remain uninvested. The Trustee shall cause each such Eligible
Investment to be Delivered to it or its nominee (including a securities
intermediary). All income and gain net of any losses realized from any such
investment shall be for the benefit of the Servicer and shall be subject to
withdrawal at the Servicer's direction from time to time. The amount of any
losses net of any gains not paid to the Servicer incurred in respect of any such
investments shall be deposited in the Certificate Account out of the Servicer's
own funds immediately as realized.
In addition, the Trustee shall (i) withdraw from the Reserve Account
and deposit into the Certificate Account an amount equal to the amount of any
Realized Losses on the Mortgage Loans during the related Prepayment Period in
excess of the Class S Interest Distribution Amount, to the extent of funds
available in the Reserve Account (with such withdrawal allocated between the
Loan Groups in proportion to Realized Losses on each Loan Group) and (ii)
withdraw from the Insurance Account and deposit into the Certificate Account the
amount necessary to make any Insured Payment on each Distribution Date, to the
extent received from the Insurer (with such withdrawal allocated to the Loan
Group to which an Insured Payment relates).
The Trustee shall make, to the extent required or authorized
hereunder, withdrawals from the Certificate Account for the following purposes:
(i) to withdraw any amount deposited in the Certificate Account and
not required to be deposited therein;
(ii) to reimburse the Servicer for any unreimbursed Nonrecoverable
Advance;
(iii) to make required distributions pursuant to Section 4.02; and
(iv) to pay to the Depositor any amount to which it is entitled
pursuant to Section 7.03.
SECTION 4.02. Distributions.
-------------
<PAGE>
(a) On each Distribution Date the Trustee shall apply amounts in the
Certificate Account (including any withdrawals from the Reserve Account in
accordance with Section 4.01 and any Insured Payment transferred from the
Insurance Account and payable to the Class A Certificateholders in accordance
with Section 4.06), to pay the following amounts in the following order of
priority:
(i) to pay to the Insurer, the Insurer Premium (with such amount
allocated to each Loan Group pro rata based on the aggregate Principal
Balance of the Mortgage Loans in such Loan Group);
(ii) to pay to itself on each Distribution Date an amount equal to
the Principal Balance of each Mortgage Loan immediately prior such
Distribution Date multiplied by one-twelfth of the Trustee Fee Rate (with
such fee allocated to each Loan Group pro rata based on the aggregate
Principal Balance of the Mortgage Loans in such Loan Group);
(iii) to pay to the Servicer, on any Distribution Date, the
Servicing Fee due on such Distribution Date, if the Servicer has remitted
prior to the related Distribution Date funds directly to the Trustee for
deposit in the Certificate Account (with such fee allocated to each Loan
Group pro rata based on the aggregate Principal Balance of the Mortgage
Loans in such Loan Group);
(iv) to pay to the Insurer the amount of Cumulative Insurance Payments
as of such Distribution Date (with such amount allocated to the related
Loan Group);
(v) concurrently,
(i) to the holders of the Class A-I Certificates, to the
extent of the related Available Distribution Amount remaining,
the Class A-I Interest Distribution Amount and the Class A-I
Cumulative Interest Shortfall Amount for which no Insured
Payment has been previously paid to the Class A-I
Certificateholders; and
(ii) to the holders of the Class A-II Certificates, to the
extent of the related Available Distribution Amount remaining,
the Class A-II Interest Distribution Amount and the Class A-II
Cumulative Interest Shortfall Amount for which no Insured
Payment has been previously paid to the Class A-II
Certificateholders;
(vi) concurrently,
(i) to the holders of the Class A-I Certificates, to the
extent of the related Available Distribution Amount remaining,
the Class A-I Principal Distribution Amount, until the
Certificate Principal Balance thereof has been reduced to zero;
(ii) to the holders of the Class A-II Certificates, to the
extent of the related Available Distribution Amount remaining,
the Class A-II
<PAGE>
Principal Distribution Amount, until the Certificate Principal
Balance thereof has been reduced to zero;
(iii) to the holders of the Class A-I Certificates, to the
extent of the Available Distribution Amount for Loan Group II
remaining, the portion of Class A-I Principal Distribution
Amount remaining unpaid for such Distribution Date, until the
Certificate Principal Balance thereof has been reduced to zero;
and
(iv) to the holders of the Class A-II Certificates, to the
extent of the Available Distribution Amount for Loan Group I
remaining, the portion of Class A-II Principal Distribution
Amount remaining unpaid for such Distribution Date, until the
Certificate Principal Balance thereof has been reduced to zero;
(vii) to the holders of the Class S Certificates, or to the Reserve
Fund to the extent the Reserve Account Requirement is not satisfied, to the
extent of the Available Distribution Amount remaining, the Class S Interest
Distribution Amount in the following order of priority:
(i) first, to the Reserve Fund, any Reserve Fund Increase
Amount;
(ii) second, to the holders of the Class S Certificates, the
remaining portion, if any, of the Class S Interest Distribution
Amount; and
(viii) to the holder of the Class R Certificates, the balance, if
any, of the Available Distribution Amount.
(b) Within five Business Days before the related Distribution Date,
the Servicer shall notify the Trustee of the amounts, if any, payable to the
Insurer pursuant to Sections 4.02(a)(iv).
(c) The Trustee shall be responsible for the calculations with respect
to distributions from the Certificate Account so long as the Trust Fund has not
been terminated in accordance with this Agreement. All distributions made to
Certificateholders of any Class on such Distribution Date will be made to the
Certificateholders of the respective Class of record on the immediately
preceding Record Date, except for the final distribution, which shall be made as
provided in the form of Certificate. All distributions made to the
Certificateholders shall be based upon the Percentage Interest represented by
their respective Certificates. If on any Determination Date, the Trustee
determines that there are no Mortgage Loans outstanding and no other funds or
assets in the Trust Fund other than the funds in the Certificate Account, the
Trustee shall promptly send the final distribution notice to each
Certificateholder specifying the manner in which the final distribution will be
made.
(d) Any Certificateholder shall be entitled to receive distributions
hereunder on a Distribution Date (other than as provided in Section 10.02
respecting the final distribution) by wire transfer to the account specified in
writing by the Certificateholder to the Trustee if the Initial Certificate
Principal Balance evidenced by such Holder's Certificate is at least equal to
<PAGE>
$2,500,000 or the Percentage Interest thereof is 100%. In each case, the
account must be specified in writing at least five Business Days prior to the
Record Date for the Distribution Date on which wire transfers will commence.
All other distributions shall be made by check payable to the Certificateholder
mailed by first class mail to the address of such Certificateholder reflected in
the Certificate Register.
SECTION 4.03. Allocation of Realized Losses.
-----------------------------
Prior to each Distribution Date, based on the information provided by
the Servicer in its monthly report, the Trustee shall determine the total of
Realized Losses, if any, incurred with respect to the Mortgage Loans in each
Loan Group during the previous Prepayment Period. On each Distribution Date,
Realized Losses will be allocated after the distribution of principal and
interest on such Distribution Date; provided, however, that if the Certificate
Principal Balance of any Class of Certificates would be reduced to zero as a
result of Realized Losses to be allocated on such Distribution Date if no funds
were available for distributions on the Certificates, then Realized Losses will
be allocated to such Class prior to the distribution of principal and interest.
In every case, such Realized Losses shall be allocated first to the Class S
Certificates, by operation of clause (vi) of the definitions of Class A-I
Principal Distribution Amount and Class A-II Principal Distribution Amount, up
to the amount of the Class S Interest Distribution Amount for the related
Distribution Date. If the amount of Realized Losses in respect of any
Prepayment Period exceeds the amount of the Class S Interest Distribution Amount
for such Distribution Date, the Trustee shall transfer to the Certificate
Account from, and to the extent of, the funds on deposit in the Reserve Fund in
accordance with Sections 4.01 and 4.07.
To the extent Realized Losses allocated with respect to any
Distribution Date exceed the Class S Interest Distribution Amount and amounts
available on deposit in the Reserve Fund, and payments are not made in respect
thereof by the Insurer as required under the Policy, the remaining Realized
Losses will be allocated to the related Class of Class A Certificates.
SECTION 4.04. Monthly Statements to Certificateholders.
----------------------------------------
(a) Not later than each Distribution Date, the Trustee shall prepare
and the Trustee shall cause to be forwarded by mail to each Certificateholder,
the Servicer, the Insurer, the Depositor and the Rating Agencies a statement
setting forth:
(i) the amount of such distribution representing principal of the
Mortgage Loans, separately identifying the aggregate amount of any
Principal Prepayments included therein, and the portion of such
distribution, if any, representing a Monthly Advance of principal and the
Certificate Principal Balance of the Class A Certificates after giving
effect to such distributions;
(ii) the amount of such distribution representing interest on the
Mortgage Loans and the portion of such distribution, if any, representing a
Monthly Advance of interest;
<PAGE>
(iii) the aggregate Principal Balances of the Mortgage Loans as
of the close of business on such Distribution Date and the amount of
Principal Prepayments received during the immediately preceding Prepayment
Period;
(iv) the related amount of the Servicing Fees retained or
withdrawn from the Custodial Account or the Certificate Account;
(v) the amount of Monthly Advances paid by the Servicer;
(vi) the number and aggregate principal amounts of Mortgage Loans
(A) delinquent (1) one month, (2) two months, (3) three months or more and
(B) in foreclosure and (C) in bankruptcy;
(vii) the book value (within the meaning of 12 C.F.R. (S) 571.13
or comparable provision) of any REO Property;
(viii) the respective amounts, if any, of Realized Losses
allocated to the respective Classes of Certificates with respect to such
Distribution Date;
(ix) all Monthly Advances recovered during the related Due
Period;
(x) the amount of any tax imposed on a "prohibited transaction"
of the Trust Fund as defined in Section 860F of the Code during the related
Due Period;
(xi) the amount of any reduction in Certificate Principal
Balance, cumulative interest shortfall amount or interest distribution
amount for any Class attributable to the application of Realized Losses
thereto on such Distribution Date;
(xii) the amount of any Insured Payment made on such
Distribution Date, the amount of any reimbursement payment made to the
Insurer on such Distribution Date pursuant to Section 4.02(b) and the
amount of Cumulative Insurance Payments after giving effect to any such
Insured Payment or any such reimbursement payment to the Insurer;
(xiii) the Certificate Rate on the Class A Certificates for such
Distribution Date;
(xiv) the aggregate principal balance of all Converting Mortgage
Loans and Converted Mortgage Loans, as the case may be, purchased by the
Servicer pursuant to Section 3.21, the proceeds of which are being
distributed on such Distribution Date and the aggregate principal balance
of all Converted Mortgage Loans which have not been so purchased pursuant
to Section 3.21;
(xv) the aggregate principal balance of all Mortgage Loans which
are the subject of substitution or purchase by the Servicer pursuant to
Section 2.04, during the month of such Distribution Date, together with the
number of such Mortgage Loans removed and the amount of any resulting
shortage deposited into the Custodial Account by the Seller or Servicer in
such month;
<PAGE>
(xvi) the Rolling Three Month Delinquency Percentage;
(xvii) cumulative Realized Losses since the Delivery Date and for
the three year period commencing on the Delivery Date; and
(xviii) the amount of any payment made from or to the Reserve
Account and the balance of the Reserve Account after giving effect to such
amount.
(b) Upon reasonable advance notice in writing, if required by federal
regulation, the Trustee will provide to each Certificateholder that is a savings
association, bank or insurance company certain reports and access to information
and documentation regarding the Mortgage Loans sufficient to permit such
Certificateholder to comply with applicable regulations of the Office of Thrift
Supervision or other regulatory authorities with respect to investment in the
Certificates and the Servicer shall cooperate with the Trustee in providing such
information; provided, however, that the Trustee shall be entitled to be
reimbursed by each such Certificateholder for the Trustee's actual expenses
incurred in providing such reports and access. The Trustee will provide to any
Certificateholder upon request the outstanding Certificate Principal Balance as
of such dates and, if then known by the Trustee, the outstanding Certificate
Principal Balances after giving effect to any distribution to be made on the
next following Distribution Date.
SECTION 4.05. Prepayment Interest Shortfalls and Relief Act
---------------------------------------------
Shortfalls.
----------
Prepayment Interest Shortfalls resulting from a Principal Prepayment
of a Mortgage Loan during any Prepayment Period and Relief Act Shortfalls will
be applied first, to reduce the Class A Interest Distribution Amount payable on
the related Distribution Date as set forth in the definition of the Class A
Interest Distribution Amount and second, to reduce the Class S Interest
Distribution Amount payable on the related Distribution Date, in respect of such
Mortgage Loan.
SECTION 4.06. The Policy.
----------
(a) If the Trustee determines that the Deficiency Amount is greater
than zero with respect to any Distribution Date, the Trustee shall complete the
notice in the Form of Exhibit A to the Policy (the "Notice") and submit such
Notice in accordance with the Policy to the Insurer no later than 12:00 P.M.,
New York City time, on the third Business Day immediately preceding each
Distribution Date, as a claim for an Insured Payment in an amount equal to such
Deficiency Amount.
(b) The Trustee shall establish and maintain the Insurance Account on
behalf of the Holders of the Class A Certificates. Upon receipt of an Insured
Payment from the Insurer on behalf of the Holders of the applicable Class of
Class A Certificates, the Trustee shall deposit such Insured Payment in the
Insurance Account. All amounts on deposit in the Insurance Account shall remain
uninvested. On each Distribution Date, the Trustee shall transfer any Insured
Payment then on deposit in the Insurance Account to the Certificate Account.
The Trustee shall distribute on each Distribution Date any Deficiency Amount for
such Distribution Date from the Certificate Account, together with the
distributions to be made to the Class A
<PAGE>
Certificateholders on such Distribution Date, as distributions of interest and
principal, respectively.
(c) The Trustee shall (i) receive as attorney-in-fact of each Class A
Certificateholder any Insured Payment from the Insurer and (ii) distribute such
Insured Payment to the applicable Class A Certificateholders as set forth in
subsection (b) above. Insured Payments disbursed by the Trustee from proceeds
of the Policy shall not be considered payment by the Trust Fund with respect to
the Class A Certificates, nor shall such disbursement of such Insured Payments
discharge the obligations of the Trust Fund with respect to the amounts thereof,
and the Insurer shall become owner of such amounts to the extent covered by such
Insured Payments as the deemed assignee of such Class A Certificateholders. The
Trustee hereby agrees on behalf of each Class A Certificateholder (and each
Class A Certificateholder, by its acceptance of its Class A Certificates, hereby
agrees) for the benefit of the Insurer that the Trustee shall recognize that to
the extent the Insurer pays Insured Payments, either directly or indirectly (as
by paying through the Trustee), to the Holders of the applicable Class of Class
A Certificates, the Insurer will be entitled to be subrogated to the rights of
such Class A Certificateholders to the extent of such payments.
SECTION 4.07 Reserve Account.
---------------
(a) The Trustee shall establish, prior to the Delivery Date, and shall
maintain, in the name of the Trustee on behalf of the Holders of interests in
the Trust Fund, the Reserve Account, which shall be an Eligible Account, into
which the Trustee shall deposit all amounts required to be deposited therein
pursuant to Section 4.02(a)(vii). All distributions to be made from time to
time to Holders of interests in the Trust Fund out of funds in the Reserve
Account shall be made by or on behalf of the Trustee in accordance with the
terms of this Agreement. The Trustee will give notice to the Servicer, the
Rating Agencies, the Insurer and the Depositor of the location of the Reserve
Account and of any change thereof, prior to the use thereof. Funds held in the
Reserve Account shall be invested by the Trustee in Eligible Investments, as
directed by the Holder of the Class S Certificates, that will mature so that
such funds will be available at the close of business on the Business Day
preceding each Distribution Date. In the event that the Holder of the Class S
Certificates does not deliver investment instructions, such funds will be
invested by the Trustee in units of taxable money-market portfolios rated in the
highest rating category by Moody's and Standard & Poor's and not restricted to
obligations issued or guaranteed by any agency or instrumentality of the United
States or entities whose obligations are backed by the full faith and credit of
the United States, or repurchase agreements collateralized by such obligations.
The Trustee shall cause each such Eligible Investment to be Delivered to it or
its nominee (including a securities intermediary). The amount of any losses
incurred in respect of principal on any such investments that were made at the
direction of the Seller shall be remitted to the Trustee and deposited into the
Reserve Account from the Seller's own funds promptly following the date such
losses are realized.
(b) On each Distribution Date, the Reserve Account Monthly Investment
Income with respect to such Distribution Date shall be allocated as follows:
(i) an amount equal to the lesser of (A) such Reserve Account
Monthly Investment Income and (B) one-twelfth of 2.5% of the Reserve
Account Balance with respect to such Distribution Date shall be
maintained in the Reserve
<PAGE>
Account and not distributed, subject, however, to withdrawals of
Reserve Account Decrease Amounts;
(ii) the excess, if any, of (A) such Reserve Account Monthly
Investment Income over (B) one-twelfth of 2.5% of the Reserve Account
Balance with respect to such Distribution Date shall be distributed to
the Holder of the Class S Certificates.
The balance, if any, remaining in the Reserve Account on the
Distribution Date on which the Certificate Principal Balance of each Class of
the Class A Certificates is reduced to zero will be distributed by the Trustee
to the Holder of the Class S Certificates.
In addition, on any Distribution Date, any Reserve Account Decrease
Amount shall be distributed to the Holder of the Class S Certificates on such
Distribution Date.
(c) On each Distribution Date, to the extent of funds available in the
Reserve Account after the allocation in Section 4.07(b)(ii), the Trustee shall
withdraw from the Reserve Account and deposit into the Certificate Account an
amount equal to the excess, if any, of any Realized Losses on the Mortgage Loans
during the related Prepayment Period over the Class S Interest Distribution
Amount for such Distribution Date, with such amount allocated as set forth in
Section 4.01.
(d) For federal income tax purposes, the Holder of the Class S
Certificates shall be the owner of the Reserve Account and shall report all
items of income, deduction, gain or loss arising therefrom. Notwithstanding
anything herein to the contrary, the Reserve Account shall not be an asset of
the Trust REMIC. To the extent that the Reserve Account constitutes reserve
funds for federal income tax purposes, (1) it shall be an outside reserve fund
and not an asset of the Trust REMIC, (2) it shall be owned by the Holder of the
Class S Certificates and (3) amounts transferred by the Trust REMIC to the
Reserve Account shall be treated as transferred to the Holder of the Class S
Certificates, all within the meaning of Section 1.860G-2(h) of the Treasury
Regulations. The Reserve Account may not be owned by more than one Person.
(e) The provisions of this Section 4.07 may be modified and the
Reserve Account Requirement may be reduced or eliminated by the Insurer at its
sole discretion at any time. Upon receipt of written notice of such reduction
or elimination from the Insurer, the Servicer shall give written notice thereof
to the Rating Agencies, the Trustee and the Certificateholders.
ARTICLE V
ADVANCES
SECTION 5.01. Monthly Advances by the Servicer.
--------------------------------
Subject to the conditions of this Article V, the Servicer, as required
below, shall make a Monthly Advance to the Certificate Account maintained by the
Trustee, in the amount,
<PAGE>
if any, of the aggregate Monthly Payments less Prepayment Interest Shortfalls
and Relief Act Shortfalls, after adjustment of the interest portion of each such
Monthly Payment to the Mortgage Rate less the applicable Servicing Fee Rate, on
the Mortgage Loans that were due on the Due Date but that were not received and
remitted to the Certificate Account on or prior to the Servicer Advance Date.
The Servicer shall be obligated to make any such Monthly Advance only to the
extent that such advance, in the good faith judgment of the Servicer, will be
recoverable by the Servicer from Insurance Proceeds, Liquidation Proceeds (less
Liquidation Expenses), or otherwise on the related Mortgage Loan.
On the Determination Date immediately preceding the related
Distribution Date, the Servicer shall determine whether and to what extent any
Mortgagor has failed to make any Monthly Payment due on the Due Date and whether
such deficiencies, if advanced by the Servicer, would be recoverable by the
Servicer from related Insurance Proceeds or Liquidation Proceeds (net of
Liquidation Expenses). If the Servicer shall have determined that it is not
obligated to make the entire Monthly Advance because all or a lesser portion of
such Monthly Advance would not be recoverable by the Servicer from related
Insurance Proceeds or Liquidation Proceeds (net of Liquidation Expenses), the
Servicer shall deliver to the Trustee, not less than two Business Days prior to
the related Distribution Date, for the benefit of the Certificateholders and the
Insurer, an Officers' Certificate setting forth the reasons for such
determination.
In lieu of making all or a portion of any Monthly Advance, the
Servicer may cause to be made an appropriate entry in its records relating to
the Custodial Account that funds in such account, including but not limited to
any amounts received in respect of scheduled principal and interest on any
Mortgage due after the related Due Period, in excess of the Available
Distribution Amount (less the amount of such Monthly Advance) for the related
Distribution Date have been used by the Servicer in discharge of its obligation
to make any such Monthly Advance. Any funds so applied shall be replaced by the
Servicer by deposit, in the manner set forth above, in the Custodial Account no
later than the Servicer Advance Date to the extent that funds in the Custodial
Account on such date are less than the amounts required to be distributed on the
related Distribution Date. The Servicer shall be entitled to be reimbursed from
the Custodial Account for all Monthly Advances of its own funds made pursuant to
this Section as provided in Section 3.09.
SECTION 5.02. Advances for Attorneys' Fees.
----------------------------
The Servicer shall make advances from time to time for attorneys' fees
and court costs incurred, or which reasonably can be expected to be incurred,
for the foreclosure of any Mortgage Loan or for any transaction in which the
Trustee for the benefit of the Certificateholders and the Insurer is expected to
receive a deed-in-lieu of foreclosure, unless the Servicer has made a good faith
determination that such advances would not be recoverable from Insurance
Proceeds or Liquidation Proceeds relating to the Mortgage Loan. If the Servicer
shall make a good faith determination that such advances would not be so
recoverable, the Servicer shall promptly deliver to the Trustee an Officers'
Certificate setting forth the reasons for such determination. The Servicer
shall be entitled to reimbursement for any such advance as provided in Section
3.09 hereof.
<PAGE>
SECTION 5.03. Nonrecoverable Advances.
-----------------------
The determination by the Servicer that it has made a Nonrecoverable
Advance shall be evidenced by an Officers' Certificate of the Servicer promptly
delivered to the Trustee setting forth the reasons for such determination.
Following the Trustee's receipt of the Officers' Certificate, the Servicer shall
be entitled to reimbursement for such Nonrecoverable Advance as provided in
Section 3.09 hereof.
SECTION 5.04. Advance Procedures.
------------------
(a) If, on any Determination Date, the Servicer determines to make a
Monthly Advance in accordance with Section 5.01, it shall make such Monthly
Advance on or before noon, St. Paul time, on the second Business Day prior to
the related Distribution Date (the "Servicer Advance Date"). The Servicer shall
notify the Trustee of the aggregate amount of Monthly Advances for a
Distribution Date on or before three Business Days prior to such Distribution
Date. Any such Monthly Advance shall be included with the distribution on the
related Distribution Date pursuant to Section 4.02.
(b) In the event that the Servicer fails to make a Monthly Advance
required to be made pursuant to Section 5.01 on or before 3 p.m., St. Paul,
Minnesota time, on the Servicer Advance Date, the Trustee shall on or before 12
noon, New York time on the next Business Day provide to the Servicer, by
telecopy, written notice of such failure and the amount of such failure and that
continuance of such failure for a period of one Business Day will be an Event of
Default.
ARTICLE VI
THE CERTIFICATES
SECTION 6.01. The Certificates.
----------------
The Certificates shall be in substantially the forms set forth in
Exhibits A, B and C hereto, with such appropriate insertions, omissions,
substitutions and other variations as are required or permitted by this
Agreement or as may in the reasonable judgment of the Trustee or the Depositor
be necessary, appropriate or convenient to comply, or facilitate compliance,
with applicable laws, and may have such letters, numbers or other marks of
identification and such legends or endorsements placed thereon as may be
required to comply with the rules of any securities exchange on which any of the
Certificates may be listed, or as may, consistently herewith, be determined by
the officers executing such Certificates, as evidenced by their execution
thereof.
The definitive Certificates shall be printed, typewritten,
lithographed or engraved or produced by any combination of these methods or may
be produced in any other manner permitted by the rules of any securities
exchange on which any of the Certificates may be listed, all as determined by
the officers executing such Certificates, as evidenced by their execution
thereof.
<PAGE>
The Class A-I Certificates will be in fully-registered form only in
minimum denominations of $100,000 Certificate Principal Balance and integral
multiples of $1,000 in excess thereof, provided that one Class A-I Certificate
may be issued in such other amount as is required so that the aggregate of the
Class A-I Certificate equals its aggregate Certificate Principal Balance. The
Class A-II Certificates will be in fully-registered form only in minimum
denominations of $100,000 Certificate Principal Balance and integral multiples
of $1,000 in excess thereof, provided that one Class A-II Certificate may be
issued in such other amount as is required so that the aggregate of the Class A-
II Certificate equals its aggregate Certificate Principal Balance. The Class S
Certificates will be issued in fully-registered form only in minimum Percentage
Interests of 20% and integral multiples thereof. The Class R Certificates will
be in fully-registered form issuable only as a single Certificate.
The Certificates shall be executed by manual or facsimile signature on
behalf of the Trustee by a Responsible Officer. Certificates bearing the manual
or facsimile signatures of individuals who were, at the time when such
signatures were affixed, authorized to sign on behalf of the Trustee shall bind
the Trustee, notwithstanding that such individuals or any of them have ceased to
be so authorized prior to the authentication and delivery of such Certificates
or did not hold such offices at the date of such Certificate. 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 executed by the Trustee by manual signature, and such certificate
of authentication 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.
SECTION 6.02. Registration of Transfer and Exchange of Certificates.
-----------------------------------------------------
(a) The Trustee shall maintain, or cause to be maintained, a
Certificate Register in which, subject to such reasonable regulations as it may
prescribe, the Trustee shall provide for the registration of Certificates and of
transfers and exchanges of Certificates as herein provided. Upon surrender for
registration of transfer of any Certificate, the Trustee shall execute,
authenticate and deliver, in the name of the designated transferee or
transferees, one or more new Certificates in like aggregate interest and of the
same Class.
(b) At the option of a Certificateholder, Certificates may be
exchanged for other Certificates of authorized denominations and the same
aggregate interest in the Trust Fund and of the same Class, upon surrender of
the Certificates to be exchanged at the office or agency of the Trustee set
forth in Section 9.11. Whenever any Certificates are so surrendered for
exchange, the Trustee shall execute, authenticate and deliver the Certificates
which the Certificateholder making the exchange is entitled to receive. Every
Certificate presented or surrendered for registration of transfer or exchange
shall be accompanied by a written instrument of transfer in form satisfactory to
the Trustee duly executed by the Holder thereof or his attorney duly authorized
in writing.
(c) No service charge to the Certificateholders shall be made for any
registration of transfer or exchange of Certificates, but payment of a sum
sufficient to cover any tax or governmental charge that may be imposed in
connection with any transfer or exchange of Certificates may be required.
<PAGE>
(d) All Certificates surrendered for registration of transfer and
exchange shall be canceled and subsequently destroyed by the Trustee in
accordance with the Trustee's customary procedures.
(e) No transfer of any Class S or Class R Certificate shall be made
unless that transfer is made pursuant to an effective registration statement
under the 1933 Act and effective registration or qualification under applicable
state securities laws, or is made in a transaction which does not require such
registration or qualification. In the event that a transfer is to be made
without registration or qualification, (i) the Trustee shall require, in order
to assure compliance with such laws, that the Certificateholder desiring to
effect the transfer and such Certificateholder's prospective transferee each
certify to the Trustee in writing in the forms set forth in Exhibit H and
Exhibit I, respectively, the facts surrounding the transfer and (ii) the
Depositor or the Trustee shall require an opinion of counsel reasonably
satisfactory to the requesting party that such transfer may be made without such
registration or qualification, which Opinion of Counsel shall not be required to
be an expense of the Depositor or the Trustee. Neither the Depositor nor the
Trustee is obligated to register or qualify any Class S or Class R Certificate
under the 1933 Act or any other securities law or to take any action not
otherwise required under this Agreement to permit the transfer of such
Certificate or interest without registration or qualification. Any such Holder
desiring to effect such transfer shall, and does hereby agree to, indemnify the
Trustee and the Depositor against any liability that may result if the transfer
is not so exempt, or is not made in accordance with federal and state laws.
(f) No transfer of a Class S or Class R Certificate shall be made to
any employee benefit or other plan that is subject to the Employee Retirement
Income Security Act of 1974, as amended ("ERISA"), or Section 4975 of the Code,
to a trustee or other person acting on behalf of any such plan, or to any other
person using "plan assets" to effect such acquisition, unless the prospective
transferee of a Certificateholder desiring to transfer its Certificate provides
the Trustee with (i) in the case of a transfer of Class S Certificates only, a
certification as set forth in paragraph 6 of Exhibit H, or (ii) in the case of a
transfer of Class S or Class R Certificates, an Opinion of Counsel which
establishes to the reasonable satisfaction of the Depositor and the Trustee that
the purchase and holding of a Class S or Class R Certificate by, on behalf of or
with "plan assets" of such plan is permissible under applicable local law, would
not constitute or result in a prohibited transaction under Section 406 of ERISA
or Section 4975 of the Code, and would not subject the Depositor or the Trustee
to any obligation or liability (including liabilities under ERISA or Section
4975 of the Code) in addition to those undertaken in this Agreement or any other
liability. The Trustee shall require that such prospective transferee certify
to the Trustee in writing the facts establishing that such transferee is not
such a plan and is not acting on behalf of or using "plan assets" of any such
plan to effect such acquisition.
(g) Additional restrictions on transfers of the Class R Certificates
to Disqualified Organizations are set forth below:
(i) Each Person who has or who acquires any ownership interest in
a Class R 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
<PAGE>
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 Class R Certificate are
expressly subject to the following provisions:
(A) Each Person holding or acquiring any ownership interest
in a Class R Certificate shall be other than a Disqualified
Organization and shall promptly notify the Trustee of any change or
impending change in its status as other than a Disqualified
Organization.
(B) In connection with any proposed transfer of any
ownership interest in a Class R Certificate to a U.S. Person, the
Trustee shall require delivery to it, and shall not register the
transfer of a Class R 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 Servicer, representing and
warranting, among other things, that it is not a non-U.S. Person, that
such transferee is other than a Disqualified Organization, that it is
not acquiring its ownership interest in a Class R Certificate that is
the subject of the proposed Transfer as a nominee, trustee or agent
for any Person who is not other than a Disqualified Organization, that
for so long as it retains its ownership interest in a Class R
Certificate, it will endeavor to remain other than a Disqualified
Organization, and that it has reviewed the provisions of this Section
6.02(g) and agrees to be bound by them, and (2) a certificate,
attached hereto as Exhibit K, from the Holder wishing to transfer a
Class R Certificate, in form and substance satisfactory to the
Servicer, 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.
(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 other
than a Disqualified Organization, no transfer of an ownership interest
in a Class R Certificate to such proposed transferee shall be
effected.
(D) Each Person holding or acquiring any ownership interest
in a Class R Certificate agrees, by holding or acquiring such
ownership interest, (1) to require a Transferee Affidavit and
Agreement from the 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 K, and (2) to obtain
the express written consent of the Servicer prior to any transfer of
such ownership interest, which consent may be withheld in the
Servicer's sole discretion.
(ii) The Trustee shall register the transfer of any Class R
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.
<PAGE>
(iii) (A) If any Disqualified Organization shall become a Holder of a
Class R Certificate, then the last preceding Holder that was other
than a Disqualified Organization 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 Class
R Certificate. If any non-U.S. Person shall become a Holder of a
Class R Certificate, then the last preceding Holder that 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 Class R
Certificate. If a transfer of a Class R Certificate is disregarded
pursuant to the provisions of Treasury Regulations Section 1.860E-1 or
Section 1.860G-3, then the last preceding Holder that was other than a
Disqualified Organization 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 Class R Certificate.
The Trustee shall be under no liability to any Person for any
registration of transfer of a Class R Certificate that is in fact not
permitted by this Section 6.02(g) 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 of a Class R Certificate
shall become a Holder of a Class R Certificate in violation of the
restrictions in this Section 6.02(g) and to the extent that the
retroactive restoration of the rights of the Holder of such Class R
Certificate as described in clause (iii)(A) above shall be invalid,
illegal or unenforceable, then the Servicer shall have the right,
without notice to the Holder or any prior Holder of such Class R
Certificate, to sell such Class R Certificate to a purchaser selected
by the Servicer on such terms as the Servicer may choose. Such
purported transferee shall promptly endorse and deliver a Class R
Certificate in accordance with the instructions of the Servicer. Such
purchaser may be the Servicer itself or any affiliate of the Servicer.
The proceeds of such sale, net of the commissions (which may include
commissions payable to the Servicer or its affiliates), expenses and
taxes due, if any, shall be remitted by the Servicer 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 Servicer,
and the Servicer shall not be liable to any Person having an ownership
interest or a purported ownership interest in a Class R Certificate as
a result of its exercise of such discretion.
(iv) The Servicer, on behalf of the Trustee, shall make
available, upon written request from the Trustee, all information
reasonably available to it that is necessary to compute any tax imposed (A)
as a result of the transfer of an ownership interest in a Class R
Certificate to any Person who is not other than a Disqualified
Organization, including the information regarding "excess inclusions" of
such Residual Certificate required to be provided to the Internal Revenue
Service and certain Persons as described in Treasury Regulation Sections
1.860E-2(a)(5) or 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 other
<PAGE>
than a Disqualified Organization. Reasonable compensation for providing
such information may be required by the Servicer from such Person.
(v) The provisions of this Section 6.02(g) set forth prior to
this Section (v) may be modified, added to or eliminated by the Servicer,
provided that there shall have been delivered to the Trustee the following:
(A) written notification from each Rating Agency to the
effect that the modification, addition to or elimination of such
provisions will not cause such Rating Agency to downgrade its then-
current rating of the Certificates; and
(B) a certificate of the Servicer stating that the Servicer
has received an Opinion of Counsel, in form and substance satisfactory
to the Servicer, to the effect that such modification, addition to or
elimination of such provisions will not cause the Trust REMIC to cease
to qualify as a remic and will not create a risk that (i) the Trust
REMIC may be subject to an entity-level tax caused by the transfer of
a Class R Certificate to a Person which is not other than a
Disqualified Organization or (2) a Certificateholder or another Person
will be subject to a remic-related tax caused by the transfer of
applicable Class R Certificate to a Person which is not other than a
Disqualified Organization.
(vi) The following legend shall appear on each Class R
Certificate:
ANY RESALE, TRANSFER OR OTHER DISPOSITION OF THIS CERTIFICATE MAY BE
MADE ONLY IF THE PROPOSED TRANSFEREE PROVIDES A TRANSFER AFFIDAVIT TO
THE Servicer AND THE TRUSTEE THAT (1) SUCH TRANSFEREE IS NOT (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
<PAGE>
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.
(h) The Trustee shall have no liability to the Trust Fund arising from
a transfer of any such Certificate in reliance upon a certification, ruling or
Opinion of Counsel described in this Section 6.02; provided, however, that the
Trustee shall not register the transfer of any Class R Certificate if it has
actual knowledge that the proposed transferee does not meet the qualifications
of a permitted Holder of a Class R Certificate as set forth in this Section
6.02.
SECTION 6.03. Mutilated, Destroyed, Lost or Stolen Certificates.
-------------------------------------------------
If (a) any mutilated Certificate is surrendered to the Trustee, or the
Trustee receives evidence to its satisfaction of the destruction, loss or theft
of any Certificate and (b) there is delivered to the Servicer, the Insurer and
the Trustee 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 that such
Certificate has been acquired by a bona fide purchaser, the Trustee shall
execute, authenticate and deliver, in exchange for or in lieu of any such
mutilated, destroyed, lost or stolen Certificate, a new Certificate of like
tenor and interest in the Trust Fund. In connection with the issuance of any
new Certificate under this Section 6.03, the Trustee 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) connected therewith. Any replacement Certificate
issued pursuant to this Section 6.03 shall constitute complete and indefeasible
evidence of ownership in the Trust Fund, as if originally issued, whether or not
the lost, stolen or destroyed Certificate shall be found at any time.
SECTION 6.04. Persons Deemed Owners.
---------------------
Prior to due presentation of a Certificate for registration of
transfer, the Servicer, the Trustee, and any agent of the Servicer, the Insurer
or the Trustee may treat the person in whose name any Certificate is registered
as the owner of such Certificate for the purpose of receiving distributions as
provided in this Agreement and for all other purposes whatsoever, and neither
the Servicer, the Trustee, the Insurer nor any agent of the Servicer, the
Insurer or the Trustee shall be affected by any notice to the contrary.
SECTION 6.05. Access to List of Certificateholders' Names and
-----------------------------------------------
Addresses.
---------
(a) If three or more Certificateholders (i) request in writing from
the Trustee a list of the names and addresses of Certificateholders, (ii) state
that such Certificateholders desire to communicate with other Certificateholders
with respect to their rights under this Agreement or under the Certificates and
(iii) provide a copy of the communication which such Certificateholders propose
to transmit, then the Trustee shall, within ten Business Days after the receipt
of such request, afford such Certificateholders access during normal business
hours to a current list of the Certificateholders. The expense of providing any
such information requested
<PAGE>
by a Certificateholder shall be borne by the Certificateholders requesting such
information and shall not be borne by the Trustee. Every Certificateholder, by
receiving and holding a Certificate, agrees that the Trustee shall not be held
accountable by reason of the disclosure of any such information as to the list
of the Certificateholders hereunder, regardless of the source from which such
information was derived.
(b) The Servicer, so long as it is the master servicer hereunder,
shall have unlimited access to a list of the names and addresses of the
Certificateholders which list shall be provided by the Trustee promptly upon the
request of the Servicer.
SECTION 6.06. Maintenance of Office or Agency.
-------------------------------
The Trustee will maintain or cause to be maintained at its expense an
office or offices or agency or agencies in St. Paul, Minnesota where
Certificates may be surrendered for registration of transfer or exchange and
where notices and demands to or upon the Trustee in respect of the Certificates
and this Agreement may be served. The Trustee initially designates the office
described in Section 9.11 as its office for such purpose. The Trustee will give
prompt written notice to the Certificateholders of any change in the location of
any such office or agency.
SECTION 6.07. Book-Entry Certificates.
-----------------------
Notwithstanding the foregoing, each class of the Class A Certificates,
upon original issuance, shall be issued in the form of one or more typewritten
Certificates representing the Book-Entry Certificates, to be delivered to DTC,
the initial Clearing Agency, by, or on behalf of, the Depositor. The Class A
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 will receive a definitive certificate representing such
Beneficial Holder's interest in the Certificates, except as provided in Section
6.09. Unless and until definitive, fully registered Certificates ("Definitive
Certificates") have been issued to the Beneficial Holders pursuant to Section
6.09:
(a) the provisions of this Section 6.07 shall be in full force
and effect with respect to the Class A Certificates;
(b) the Depositor and the Trustee may deal with the Clearing
Agency for all purposes with respect to the Class A Certificates (including
the making of distributions on such Certificates) as the sole Holder of
such Certificates;
(c) to the extent that the provisions of this Section 6.07
conflict with any other provisions of this Agreement, the provisions of
this Section 6.07 shall control; and
(d) the rights of the Beneficial Holders of the Class A
Certificates shall be exercised only through the Clearing Agency and the
Participants and shall be limited to those established by law and
agreements between such Beneficial Holders and the Clearing Agency and/or
the Participants. Pursuant to the Depository Agreement, unless and until
Definitive Certificates are issued pursuant to Section 6.09, the initial
Clearing
<PAGE>
Agency will make book-entry transfers among the Participants and receive
and transmit distributions of principal and interest on the related
Certificates to such Participants.
For purposes of any provision of this Agreement requiring or
permitting actions with the consent of, or at the direction of, Holders of each
Class of the Class A Certificates evidencing a specified percentage of the
aggregate unpaid principal amount of such Certificates, such direction or
consent may be given by the Clearing Agency at the direction of Beneficial
Holders owning such Certificates evidencing the requisite percentage of
principal amount of such Certificates. The Clearing Agency may take conflicting
actions with respect to each Class of the Class A Certificates to the extent
that such actions are taken on behalf of the Beneficial Holders.
SECTION 6.08. Notices to Clearing Agency.
--------------------------
Whenever notice or other communication to the Holders of each Class of
Class A Certificates is required under this Agreement, unless and until
Definitive Certificates shall have been issued to the related Certificateholders
pursuant to Section 6.09, the Trustee shall give all such notices and
communications specified herein to be given to Holders of each Class of the
Class A Certificates to the Clearing Agency which shall give such notices and
communications to the related Participants in accordance with its applicable
rules, regulations and procedures.
SECTION 6.09. Definitive Certificates.
-----------------------
If (a) the Depositor advises the Trustee in writing that the Clearing
Agency is no longer willing or able to properly discharge its responsibilities
under the Depository Agreement with respect to the Certificates and the Trustee
or the Depositor is unable to locate a qualified successor, (b) the Depositor,
at its option, advises the Trustee in writing that it elects to terminate the
book-entry system with respect to the Class A Certificates through the Clearing
Agency or (c) after the occurrence of an Event of Default, Holders of each Class
of Class A Certificates evidencing not less than 66-2/3% of the aggregate
Certificate Principal Balance of such Class of the Class A Certificates advise
the Trustee in writing that the continuation of a book-entry system with respect
to the such Certificates through the Clearing Agency is no longer in the best
interests of the Holders of such Certificates with respect to such Class of the
Class A Certificates, the Trustee shall notify all Holders of such Certificates
of the occurrence of any such event and the availability of Definitive
Certificates. Upon surrender to the Trustee of the such Certificates by the
Clearing Agency, accompanied by registration instructions from the Clearing
Agency for registration, the Trustee shall authenticate and deliver the
Definitive Certificates. Neither the Depositor 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 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.
<PAGE>
ARTICLE VII
THE DEPOSITOR AND THE SERVICER
SECTION 7.01. Liabilities of the Depositor and the Servicer.
---------------------------------------------
The Depositor and the Servicer shall each be liable in accordance
herewith only to the extent of the obligations specifically and respectively
imposed upon and undertaken by them herein.
SECTION 7.02. Merger or Consolidation of the
------------------------------
Depositor or the Servicer.
-------------------------
The Depositor and the Servicer will each do or cause to be done all
things necessary to preserve and keep in full force and effect its existence,
rights and franchises (charter and statutory) and will each obtain and preserve
its qualification to do business as a foreign corporation in each jurisdiction
in which such qualification is or shall be necessary to protect the validity and
enforceability of this Agreement, or any of the Mortgage Loans and to perform
its respective duties under this Agreement.
Any Person into which the Depositor or the Servicer may be merged or
consolidated, or any Person resulting from any merger or consolidation to which
the Depositor or the Servicer shall be a party, or any Person succeeding to the
business of the Depositor or the Servicer, shall be the successor of the
Depositor or the Servicer, as the case may be, 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; provided, however, that
the successor or surviving Person to the Servicer shall be qualified to sell
mortgage loans to, and to service mortgage loans on behalf of, FNMA or FHLMC.
Notwithstanding anything else in this Section 7.02 or in Section 7.04
hereof to the contrary, the Servicer may assign its rights and delegate its
duties and obligations under this Agreement (except for the obligation of the
Servicer or Seller to effectuate repurchases or substitutions of Mortgage Loans
hereunder, including pursuant to Section 2.01, 2.02 or 2.04 hereof, which shall
remain with Chevy Chase hereunder); provided, however, that the Servicer gives
the Depositor, the Insurer and the Trustee notice of such assignment; and
provided further, that such purchaser or transferee accepting such assignment
and delegation shall be an institution that is a FNMA and FHLMC approved
seller/servicer in good standing, which has a net worth of at least $15,000,000,
and which is willing to service the Mortgage Loans and executes and delivers to
the Depositor and the Trustee an agreement accepting such delegation and
assignment, which contains an assumption by such Person of the rights, powers,
duties, responsibilities, obligations and liabilities of the Servicer, with like
effect as if originally named as a party to this Agreement; and provided
further, that each of the Rating Agencies acknowledge that its rating of the
Certificates in effect immediately prior to such assignment and delegation or
its rating of the risk undertaken by the Insurer with respect to the Policy will
not be qualified or reduced as a result of such assignment and delegation. In
the case of any such assignment and delegation, the Servicer shall be released
from its obligations under this Agreement (except as provided above), except
that the Servicer shall remain liable for all
<PAGE>
liabilities and obligations incurred by it as Servicer hereunder prior to the
satisfaction of the conditions to such assignment and delegation set forth in
the preceding sentence.
SECTION 7.03. Limitation on Liability of the Depositor, the Servicer
------------------------------------------------------
and Others.
----------
Neither the Depositor, the Servicer, any Sub-Servicer nor any of the
directors, officers, employees or agents of the Depositor, the Servicer or any
Sub-Servicer shall be under any liability to the Certificateholders for any
action taken or for 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 Depositor or the Servicer against any
breach of representations or warranties made by it herein or protect the
Depositor or the Servicer or any such person from any liability which would
otherwise be imposed by reasons of willful misfeasance, bad faith or negligence
in the performance of duties or by reason of reckless disregard of obligations
and duties hereunder. The Depositor, the Servicer, any Sub-Servicer and any
director, officer, employee or agent of the Depositor, the Servicer or any Sub-
Servicer may rely in good faith on any document of any kind prima facie properly
executed and submitted by any Person respecting any matters arising hereunder.
The Depositor, the Servicer, any Sub-Servicer and any director, officer,
employee or agent of the Depositor, the Servicer or any Sub-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 incurred by
reason of willful misfeasance, bad faith or negligence in the performance of
duties hereunder or by reason of reckless disregard of obligations and duties
hereunder, provided that the foregoing indemnification by the Trust Fund shall
be limited to amounts that would otherwise be distributable with respect to the
Class S Certificates. Neither the Depositor, the Servicer nor any Sub-Servicer
shall be under any obligation to appear in, prosecute or defend any legal action
that is not incidental to their respective duties hereunder and which in its
opinion may involve it in any expense or liability; provided, however, that
either the Depositor, the Servicer or any Sub-Servicer may in its discretion
undertake any such action that it may deem necessary or desirable in respect of
this Agreement and the rights and duties of the parties hereto and interests of
the Trustee and the Certificateholders hereunder.
SECTION 7.04. Servicer Not to Resign.
----------------------
The Servicer shall not resign from the obligations and duties imposed
upon it hereunder except upon determination that such obligations and duties
hereunder are no longer permissible under applicable law. Any such
determination permitting the resignation of the Servicer under this Section 7.04
shall be evidenced by an Opinion of Counsel to such effect delivered to the
Trustee and the Insurer. The Servicer shall give notice of any proposed
resignation to the Trustee, the Certificateholders, the Insurer and the Rating
Agencies. No such resignation by the Servicer shall become effective until the
Trustee or a successor servicer acceptable to the Insurer shall have assumed the
Servicer's responsibilities and obligations in accordance with Section 8.02
hereof.
<PAGE>
SECTION 7.05. Errors and Omissions Insurance; Fidelity Bonds.
----------------------------------------------
The Servicer shall, for so long as it acts as servicer under this
Agreement, obtain and maintain in force (a) a policy or policies of insurance
covering errors and omissions in the performance of its obligations as servicer
hereunder, and (b) a fidelity bond in respect of its officers, employees and
agents. Each such policy or policies and bond shall, together, comply with the
requirements from time to time of FNMA or FHLMC for persons performing servicing
for mortgage loans purchased by FNMA or FHLMC. In the event that any such
policy or bond ceases to be in effect, the Servicer shall obtain a comparable
replacement policy or bond from an insurer or issuer, meeting the requirements
set forth above as of the date of such replacement.
SECTION 7.06. Servicer May Own Certificates.
-----------------------------
The Servicer in its individual or any other capacity may become the
owner or pledgee of Certificates with the same rights as it would have if it
were not the Servicer.
ARTICLE VIII
DEFAULT
SECTION 8.01. Events of Default.
-----------------
"Event of Default", wherever used herein, means any one of the
following events (whatever reason for such Event of Default and whether it shall
be voluntary or involuntary or be effected by operation of law or pursuant to
any judgment, decree or order of any court or any order, rule or regulation of
any administrative or governmental body):
(a) any failure by the Servicer to remit to the
Certificateholders, the Insurer or to the Trustee any payment other than a
Monthly Advance required to be made by the Servicer under the terms of this
Agreement, which failure shall continue unremedied for a period of one
Business Day after the date upon which written notice of such failure shall
have been given to the Servicer by the Trustee, the Insurer or the
Depositor or to the Servicer, the Insurer and the Trustee by the Holders of
Certificates having not less than 25% of the Voting Rights evidenced by the
Certificates; or
(b) any failure by the Servicer to observe or perform in any
material respect any other of the covenants or agreements on the part of
the Servicer contained in this Agreement (except as set forth in (c) below)
which failure (i) materially affects the rights of the Certificateholders
or the Insurer and (ii) shall continue unremedied for a period of 60 days
(except that such number of days shall be 15 in the case of a failure to
pay the premium for any Required Insurance Policy) after the date on which
written notice of such failure shall have been given to the Servicer by the
Trustee or the Depositor, or to the Servicer and the Trustee by the Holders
of Certificates evidencing not less than 25% of the Voting Rights evidenced
by the Certificates; or
(c) if a representation or warranty set forth in Section 2.03 or
2.04 hereof shall prove to be materially incorrect as of the time made in
any respect that
<PAGE>
materially and adversely affects interests of the Certificateholders or the
Insurer, and the circumstances or condition in respect of which such
representation or warranty was incorrect shall not have been eliminated or
cured, or the affected Mortgage Loan shall not have been substituted for or
repurchased, within 60 days after the date on which written notice thereof
shall have been given to the Servicer and Seller by the Trustee for the
benefit of the Certificateholders and the Insurer or by the Depositor; or
(d) a decree or order of a court or agency or supervisory
authority having jurisdiction in the premises for the appointment of a
conservator or receiver or liquidator in any 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 Servicer and such decree or order shall have remained in force
undischarged or unstayed for a period of 60 days; or
(e) the Servicer shall consent to the appointment of a
conservator or receiver or liquidator in any insolvency, readjustment of
debt, marshalling of assets and liabilities or similar proceedings of or
relating to the Servicer or all or substantially all of the property of the
Servicer; or
(f) the Servicer shall admit in writing its inability to pay its
debts generally as they become due, file a petition to take advantage of,
or commence a voluntary case under, any applicable insolvency or
reorganization statute, make an assignment for the benefit of its
creditors, or voluntarily suspend payment of its obligations; or
(g) either Rating Agency shall lower or withdraw the outstanding
rating of the Certificates because the existing or prospective financial
condition or mortgage loan servicing capability of the Servicer is
insufficient to maintain such outstanding rating; or
(h) any failure of the Servicer to make any Monthly Advance in
the manner and at the time required to be made from its own funds pursuant
to this Agreement and after receipt of notice from the Trustee pursuant to
Section 5.04, which failure continues unremedied after 5 p.m., St. Paul,
Minnesota time, on the Business Day immediately preceding the Distribution
Date; or
(i) a Servicer Trigger Event occurs.
If an Event of Default due to the actions or inaction of the Servicer
described in clauses (a) through (g) or (i) of this Section shall occur, then,
and in each and every such case, so long as such Event of Default shall not have
been remedied, the Trustee shall at the direction of the Insurer (unless an
Insurer Default is continuing) or, if so directed by the Holders of Certificates
evidencing not less than 25% of the Voting Rights evidenced by the Certificates,
by notice in writing to the Servicer (with the prior written consent of the
Insurer and with a copy to the Rating Agencies), terminate all of the rights and
obligations of the Servicer under this Agreement (other than rights to
reimbursement for Monthly Advances or other advances previously made, as
provided in Section 3.09) provided, however, that unless an Insurer Default is
continuing the successor to the Servicer appointed pursuant to Section 7.02
shall be acceptable
<PAGE>
to the Insurer and shall have accepted the duties of Servicer effective upon the
resignation of the Servicer.
If an Event of Default described in clause (h) shall occur, the
Trustee with the consent of the Insurer (which shall not be unreasonably
withheld) shall, prior to the next Distribution Date, terminate the rights and
obligations of the Servicer hereunder and succeed to the rights and obligations
of the Servicer hereunder pursuant to Section 8.02, including the obligation to
make Monthly Advances on such Distribution Date pursuant to the terms hereof.
SECTION 8.02. Trustee to Act; Appointment of Successor.
----------------------------------------
On and after the time the Servicer receives a notice of termination
pursuant to Section 8.01 hereof or resigns pursuant to Section 7.04 hereof,
subject to the provisions of Section 3.06 hereof, the Trustee shall be the
successor in all respects to the Servicer in its capacity as servicer under this
Agreement and with respect to the transactions set forth or provided for herein
and shall be subject to all the responsibilities, duties and liabilities
relating thereto placed on the Servicer by the terms and provisions hereof,
provided that the Trustee shall not be deemed to have made any representation or
warranty as to any Mortgage Loan made by the Servicer and shall not effect any
repurchases or substitutions of any Mortgage Loan. As compensation therefor,
the Trustee shall be entitled to all funds relating to the Mortgage Loans that
the Servicer would have been entitled to charge to the related Custodial Account
if the Servicer had continued to act hereunder (except that the terminated
Servicer shall retain the right to be reimbursed for advances (including,
without limitation, Monthly Advances) theretofore made by the Servicer with
respect to which it would be entitled to be reimbursed if it had not been so
terminated as Servicer). Notwithstanding the foregoing, if the Trustee has
become the successor to the Servicer in accordance with this Section 8.02, the
Insurer may, and if the Insurer fails to the Trustee may, if it shall be
unwilling to so act, or shall, if it is unable to so act (exclusive of the
obligations with respect to Monthly Advances), appoint, or petition a court of
competent jurisdiction to appoint, any established mortgage loan servicing
institution acceptable to the Insurer, the appointment of which does not
adversely affect the then current rating of the Certificates, as the successor
to the Servicer hereunder in the assumption of all or any part of the
responsibilities, duties or liabilities of the Servicer, provided that such
successor to the Servicer shall not be deemed to have made any representation or
warranty as to any Mortgage Loan made by the Servicer. Pending appointment of a
successor to the Servicer hereunder, the Trustee, unless the Trustee is
prohibited by law from so acting, shall act in such capacity as provided herein.
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 be in excess of that permitted the Servicer hereunder. The
Trustee and such successor shall take such action, consistent with this
Agreement, as shall be necessary to effectuate any such succession. Neither the
Trustee nor any other successor servicer shall be deemed to be in default
hereunder by reason of any failure to make, or any delay in making, any
distribution hereunder or any portion thereof caused by the failure of the
Servicer to deliver, or any delay in delivering, cash, documents or records to
it.
The Servicer that has been terminated shall, at the request of the
Trustee but at the expense of such Servicer, deliver to the assuming party all
documents and records relating to each Sub-Servicing Agreement and the related
Mortgage Loans and an accounting of amounts
<PAGE>
collected and held by it and otherwise use its best efforts to effect the
orderly and efficient transfer of each Sub-Servicing Agreement to the assuming
party.
The Servicer shall cooperate with the Trustee and any successor
servicer in effecting the termination of the Servicer's responsibilities and
rights hereunder, including without limitation, the transfer to such successor
for administration by it of all cash amounts which shall at the time be credited
by the Servicer to the Custodial Account or thereafter received with respect to
the Mortgage Loans.
Neither the Trustee nor any other successor servicer shall be deemed
to be in default hereunder by reason of any failure to make, or any delay in
making, any distribution hereunder or any portion thereof caused by (a) the
failure of the Servicer to (i) deliver, or any delay in delivering, cash,
documents or records to it, (ii) cooperate as required by this Agreement, or
(iii) deliver the Mortgage Loan to the Trustee as required by this Agreement, or
(b) restrictions imposed by any regulatory authority having jurisdiction over
the Servicer.
Any successor to the Servicer as servicer shall during the term of its
service as servicer maintain in force the policy or policies that the Servicer
is required to maintain pursuant to Section 7.05 hereof.
SECTION 8.03. Notification to Certificateholders.
----------------------------------
(a) Upon any termination or appointment of a successor to the
Servicer, the Trustee shall give prompt written notice thereof to the Insurer,
the Certificateholders at their respective addresses appearing in the
Certificate Register and to the Rating Agencies.
(b) Within 2 Business Days after the occurrence of any Event of
Default, the Trustee shall transmit by mail to the Insurer and all
Certificateholders and the Rating Agencies notice of each such Event of Default
hereunder known to the Trustee, unless such Event of Default shall have been
cured or waived.
SECTION 8.04. Waiver of Events of Default.
---------------------------
The Insurer or the Holders representing at least 66-2/3% of the Voting
Rights of Certificates affected by a default or Event of Default hereunder may
waive any default or Event of Default, with the written consent of the Insurer,
which consent shall not be unreasonably withheld; provided, however, that (a) a
default or Event of Default under clause (i) of Section 8.01 may be waived, with
the written consent of the Insurer, only by all of the Holders of Certificates
affected by such default or Event of Default (which Voting Rights of the Class A
Certificateholders may be exercised by the Insurer without the consent of such
Holders and may only be exercised by such Holders with the prior written consent
of the Insurer so long as there does not exist a failure by the Insurer to make
a required payment under the Policy) and (b) no waiver pursuant to this Section
8.04 shall affect the Holders of Certificates in the manner set forth in Section
11.01(b)(i), (ii) or (iii). Upon any such waiver of a default or Event of
Default by the Insurer or the Holders representing the requisite percentage of
Voting Rights of Certificates affected by such default or Event of Default with
the consent of the Insurer, which consent shall not be unreasonably withheld,
such default or Event of Default shall cease to exist and shall be deemed to
have been remedied for every purpose hereunder. No such waiver shall
<PAGE>
extend to any subsequent or other default or Event of Default or impair any
right consequent thereon except to the extent expressly so waived.
ARTICLE IX
CONCERNING THE TRUSTEE
SECTION 9.01. Duties of Trustee.
-----------------
The Trustee, prior to the occurrence of an Event of Default and after
the curing of all Events of Default that may have occurred, undertakes with
respect to the Trust Fund to perform such duties and only such duties as are
specifically set forth in this Agreement. In case an Event of Default has
occurred and remains uncured, 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 their exercise, as a prudent person would exercise or use under the
circumstances in the conduct of such person's own affairs. Any permissive right
of the Trustee set forth in this Agreement shall not be construed as a duty.
The Trustee, upon receipt of all resolutions, certificates,
statements, opinions, reports, documents, orders or other instruments furnished
to the Trustee that are specifically required to be furnished pursuant to any
provision of this Agreement shall examine them to determine whether they conform
to the requirements of this Agreement. The Trustee shall have no duty to
recompute, recalculate or verify the accuracy of any resolution, certificate,
statement, opinion, report, document, order or other instrument so furnished to
the Trustee.
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 misconduct, its negligent failure to perform its obligations
in compliance with this Agreement, or any liability which would be imposed by
reason of its willful misfeasance or bad faith; provided, however, that:
(a) prior to the occurrence of an Event of Default, and after the
curing of all such Events of Default that 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 personally 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 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 which it reasonably believed in good faith to be genuine and
to have been duly executed by the proper authorities respecting any matters
arising hereunder;
(b) the Trustee shall not be personally liable for an error of
judgment made in good faith by a Responsible Officer or Responsible
Officers of the Trustee, unless the Trustee was negligent or acted in bad
faith or with willful misfeasance;
<PAGE>
(c) the Trustee shall not be personally liable with respect to
any action taken, suffered or omitted to be taken by it in good faith in
accordance with the direction of Holders of Certificates evidencing not
less than 25% of the Voting Rights allocated to each Class of Certificates
relating to the time, method and place of conducting any proceeding for any
remedy available to the Trustee, or exercising any trust or power conferred
upon the Trustee, under this Agreement; and
(d) no provision of this Agreement shall require the Trustee to
expend or risk its own funds or otherwise incur any financial liability in
the performance of any of its duties hereunder or in the exercise of any of
its rights or powers if it shall have reasonable grounds for believing that
repayment of such funds or adequate indemnity against such risk or
liability is not reasonably assured to it.
Except with respect to an Event of Default described in clause (a) of
Section 8.01, the Trustee shall not be deemed to have knowledge of any Event of
Default or event which, with notice or lapse of time, or both, would become an
Event of Default, unless a Responsible Officer of the Trustee shall have
received written notice thereof from the Servicer, the Depositor or a
Certificateholder, or a Responsible Officer of the Trustee has actual notice
thereof, and in the absence of such notice no provision hereof requiring the
taking of any action or the assumption of any duties or responsibility by the
Trustee following the occurrence of any Event of Default or event which, with
notice or lapse of time or both, would become an Event of Default, shall be
effective as to the Trustee.
The Trustee shall have no duty hereunder with respect to any
complaint, claim, demand, notice or other document it may receive or which may
be alleged to have been delivered to or served upon it by the parties as a
consequence of the assignment of any Mortgage Loan hereunder; provided, however,
that the Trustee shall use its best efforts to remit to the Servicer upon
receipt of any such complaint, claim, demand, notice or other document (i) which
is delivered to the Corporate Trust Office of the Trustee, (ii) of which a
Responsible Officer has actual knowledge, and (iii) which contains information
sufficient to permit the Trustee to make a determination that the real property
to which such document relates is a Mortgaged Property.
SECTION 9.02. Certain Matters Affecting the Trustee.
-------------------------------------
(a) Except as otherwise provided in Section 9.01:
(i) the Trustee may request and rely upon and shall be protected
in acting or refraining from acting upon any resolution, Officers'
Certificate, certificate of auditors or any other certificate, statement,
instrument, opinion, report, notice, request, consent, order, appraisal,
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;
<PAGE>
(iii) the Trustee shall be under no obligation to exercise any
of the trusts or powers vested in it by this Agreement or to institute,
conduct or defend any litigation hereunder or in relation hereto at the
request, order or direction of any of the Certificateholders, pursuant to
the provisions of this Agreement, unless such Certificateholders shall have
offered to the Trustee reasonable security or indemnity against the costs,
expenses and liabilities which may be incurred therein or thereby; nothing
contained herein shall, however, relieve the Trustee of the obligation,
upon the occurrence of an Event of Default (which has not been cured or
waived), to exercise such of the rights and powers vested in it by this
Agreement, and to use the same degree of care and skill in their exercise
as a prudent person would exercise or use under the circumstances in the
conduct of such person's own affairs;
(iv) the Trustee shall not be personally liable for any action
taken, suffered or omitted by it in good faith and believed by it to be
authorized or within the discretion or rights or powers conferred upon it
by this Agreement;
(v) prior to the occurrence of an Event of Default hereunder and
after the curing of all Events of Default that 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 so to do by Holders of
Certificates evidencing not less than 25% of the Voting Rights allocated to
each Class of Certificates; 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
afforded to it by the terms of this Agreement, the Trustee may require
reasonable indemnity against such expense or liability as a condition to
taking any such action; the reasonable expense of every such investigation
shall be paid by the Servicer in the event that such investigation relates
to an Event of Default by the Servicer, if an Event of Default by the
Servicer shall have occurred and is continuing, and otherwise by the
Certificateholders requesting the investigation;
(vi) the Trustee may execute any of the trusts or powers
hereunder or perform any duties hereunder either directly or by or through
agents or attorneys;
(vii) the Trustee shall not be required to expend its own funds
or otherwise incur any financial liability in the performance of any of its
duties hereunder if it shall have reasonable grounds for believing that
repayment of such funds or adequate indemnity against such liability is not
assured to it; and
(viii) the Trustee shall not be liable for any loss on any
investment of funds pursuant to this Agreement.
(b) All rights of action under this Agreement or under any of the
Certificates, enforceable by the Trustee, may be enforced by it without the
possession of any of the Certificates, or the production thereof at the trial or
other proceeding relating thereto, and any such suit, action or proceeding
instituted by the Trustee shall be brought in its name for the benefit of all
the Holders of such Certificates, subject to the provisions of this Agreement.
<PAGE>
SECTION 9.03. Trustee Not Liable for Certificates or Mortgage Loans.
-----------------------------------------------------
The recitals contained herein shall be taken as the statements of the
Depositor or the Servicer, as the case may be, and the Trustee assumes no
responsibility for their correctness. The Trustee makes no representations as
to the validity or sufficiency of this Agreement, the Certificates or of any
Mortgage Loan or related document. The Trustee shall not be accountable for the
use or application by the Depositor or the Servicer of any funds paid to the
Depositor or the Servicer in respect of the Mortgage Loans or deposited in or
withdrawn from the Certificate Account by the Depositor or the Servicer.
SECTION 9.04. Trustee May Own Certificates.
----------------------------
The Trustee in its individual or any other capacity may become the
owner or pledgee of Certificates with the same rights as it would have if it
were not the Trustee.
SECTION 9.05. Trustee's Fees and Expenses.
---------------------------
The Trustee shall pay to itself on each Distribution Date from amounts
on deposit in the Certificate Account, an amount equal to the Trustee Fee in
accordance with Section 4.02(a). Any amount payable to the Trustee on such
Distribution Date in excess of such amount on deposit will be paid by the
Servicer from its own funds. Any payment hereunder made by the Servicer to the
Trustee, other than any amount to be paid from the Certificate Account pursuant
to this Section 9.05, shall be paid from the Servicer's own funds, without
reimbursement from the Trust Fund therefor.
The Trustee and any director, officer, employee or agent of the
Trustee shall be indemnified by the Depositor and held harmless against any
loss, liability or expense (a) incurred in connection with any legal action
relating to this Agreement or the Certificates, or the performance of any of the
Trustee's duties hereunder, other than any loss, liability or expense incurred
by reason of willful misfeasance, bad faith or negligence in the performance of
any of the Trustee's duties hereunder or by reason of reckless disregard of the
Trustee's obligations and duties hereunder and (b) resulting from the exercise
of any power of attorney granted by the Trustee in accordance with this
Agreement. Such indemnity shall survive the termination of this Agreement or
the resignation or removal of the Trustee hereunder.
SECTION 9.06. Eligibility Requirements for Trustee.
------------------------------------
The Trustee hereunder shall at all times be a corporation or
association having its principal office in a state and city acceptable to the
Depositor and the Insurer and organized and doing business under the laws of
such state or the United States of America, authorized under such laws to
exercise corporate trust powers, having ratings on its long-term debt
obligations at the time of such appointment in at least the third highest rating
category by both Moody's and Standard & Poor's or such lower ratings as will not
cause Moody's or Standard & Poor's to lower their then-current ratings of the
Class A Certificates, acceptable to the Insurer, having a combined capital and
surplus of at least $50,000,000 and subject to supervision or examination by
federal or state authority. If such corporation or association publishes
reports of condition at least annually, pursuant to law or to the requirements
of the aforesaid supervising or examining authority, then for the purposes of
this Section 9.06 the combined capital and surplus
<PAGE>
of such corporation or association 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 9.06, the Trustee shall resign immediately in the
manner and with the effect specified in Section 9.07 hereof.
SECTION 9.07. Resignation and Removal of Trustee.
----------------------------------
The Trustee may at any time resign and be discharged from the trusts
hereby created by (a) giving written notice of resignation to the Depositor and
the Insurer and by mailing notice of resignation by first class mail, postage
prepaid, to the Certificateholders at their addresses appearing on the
Certificate Register, and to the Rating Agencies, not less than 60 days before
the date specified in such notice when, subject to Section 9.08, such
resignation is to take effect, and (b) acceptance by a successor trustee
acceptable to the Insurer in accordance with Section 9.08 meeting the
qualifications set forth in Section 9.06. If no successor trustee shall have
been so appointed and have accepted appointment within 30 days after the giving
of such notice of resignation, the resigning Trustee may petition any court of
competent 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 9.06 hereof and shall fail to resign after
written request thereto by the Depositor, or if at any time the Trustee shall
become incapable of acting, or shall be adjudged a 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 or if the
Trustee breaches any of its obligations or representations hereunder, then the
Insurer or, with the prior written consent of the Insurer, the Depositor 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 and
one copy to the successor trustee. The Trustee may also be removed at any time
by the Holders of Certificates evidencing not less than 50% of the Voting Rights
evidenced by the Certificates with the prior written consent of the Insurer.
Notice of any removal of the Trustee and acceptance of appointment by the
successor trustee shall be given to the Rating Agencies by the Servicer.
Any resignation or removal of the Trustee and appointment of a
successor trustee pursuant to any of the provisions of this Section 9.07 shall
become effective upon acceptance of appointment by the successor trustee as
provided in Section 9.08 hereof.
SECTION 9.08. Successor Trustee.
-----------------
Any successor trustee appointed as provided in Section 9.07 hereof
shall execute, acknowledge and deliver to the Depositor 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 the like effect as if originally named as trustee
herein. The Depositor 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.
<PAGE>
No successor trustee shall accept appointment as provided in this
Section 9.08 unless at the time of such acceptance such successor trustee shall
be eligible under the provisions of Section 9.06 hereof and its appointment is
acceptable to the Insurer and shall not adversely affect the then current rating
of the Certificates.
Upon acceptance of appointment by a successor trustee as provided in
this Section 9.08, the Servicer shall mail notice of the succession of such
trustee hereunder to all Holders of Certificates at their addresses as shown in
the Certificate Register. If the 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 at the expense of the Depositor.
SECTION 9.09. Merger or Consolidation of Trustee.
----------------------------------
Any Person into which the Trustee may be merged or converted or with
which it may be consolidated or any Person resulting from any merger, conversion
or consolidation to which the Trustee shall be a party, or any Person succeeding
to the business of the Trustee, shall be the successor of the Trustee hereunder,
provided that such Person shall be eligible under the provisions of Section 9.06
hereof without the execution or filing of any paper or further act on the part
of any of the parties hereto, anything herein to the contrary notwithstanding.
SECTION 9.10. Appointment of Co-Trustee or Separate Trustee.
---------------------------------------------
Notwithstanding any other provisions of this Agreement, at any time,
for the purpose of meeting any legal requirements of any jurisdiction in which
any part of the Trust Fund or property securing any Mortgage Note may at the
time be located, the 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 and for the
benefit of the applicable Certificateholders, such title to the Trust Fund, or
any part thereof, and, subject to the other provisions of this Section 9.10,
such powers, duties, obligations, rights and trusts as the Servicer and the
Trustee may consider necessary or desirable. If the Servicer shall not have
joined in such appointment within fifteen days after the receipt by it of a
request to do so, or in the case an Event of Default shall have occurred and be
continuing, the Trustee alone shall have the power to make such appointment. No
co-trustee or separate trustee hereunder shall be required to meet the terms of
eligibility as a successor trustee under Section 9.06 and no notice to
Certificateholders of the appointment of any co-trustee or separate trustee
shall be required under Section 9.08.
Every separate trustee and co-trustee shall, to the extent permitted
by law, be appointed and act subject to the following provisions and conditions:
(a) all rights, powers, duties and obligations conferred or
imposed upon the Trustee, except for any obligation of the Trustee under
this Agreement to advance funds on behalf of the Servicer, shall be
conferred or imposed upon and exercised or performed by the Trustee and
such separate trustee or co-trustee jointly (it being understood that such
separate trustee or co-trustee is not authorized to act separately without
the Trustee joining in such act), except to the extent that under any law
of any
<PAGE>
jurisdiction in which any particular act or acts are to be performed by the
Trustee (whether as Trustee hereunder or as successor to the Servicer), 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 singly by such separate
trustee or co-trustee, but solely at the direction of the Trustee;
(b) no trustee hereunder shall be held personally liable by
reason of any act or omission of any other trustee hereunder; and
(c) the Servicer and the Trustee acting jointly may at any time
accept the resignation of or remove any separate trustee or co-trustee.
Any notice, request or other writing given to the Trustee shall be
deemed to have been given to each of the then separate trustees and co-trustees,
as effectively as if given to each of them. Every instrument appointing any
separate trustee or co-trustee shall refer to this Agreement and the conditions
of this Article IX. 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 and a copy thereof given to the
Servicer and the Depositor.
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 trusts 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 9.11. Office of the Trustee.
---------------------
The office of the Trustee for purposes of receipt of notices and
demands is 180 East Fifth Street, St. Paul, Minnesota 55101, Attn: Structured
Finance/Chevy Chase 1998-CCB1.
SECTION 9.12. Tax Returns.
-----------
The Servicer, upon request, will furnish the Trustee with all such
information in the possession of the Servicer as may be reasonably required in
connection with the preparation by the Trustee of all tax and information
returns of the Trust Fund, and the Trustee shall sign such returns. The
Servicer shall indemnify the Trustee for all reasonable costs, including legal
fees, related to errors in such tax returns due to errors in information
provided by the Servicer.
<PAGE>
ARTICLE X
TERMINATION
SECTION 10.01. Termination upon Liquidation or Repurchase of all
-------------------------------------------------
Mortgage Loans.
--------------
The obligations and responsibilities of the Servicer, the Depositor
and the Trustee created hereby with respect to the Trust Fund created hereby
shall terminate upon the earlier of:
(a) the repurchase by the Servicer at its election, of all
Mortgage Loans and all property acquired in respect of any Mortgage Loan
remaining in the Trust Fund, which repurchase right the Servicer may
exercise at its sole and exclusive election as of any Distribution Date
(such applicable Distribution Date being herein referred to as the
"Optional Termination Date") on or after the date on which the aggregate
Principal Balance of the Mortgage Loans at the time of the repurchase is
less than or equal to 5% of the aggregate Principal Balance of the Mortgage
Loans as of the Cut-off Date; and
(b) the later of (i) twelve months after the maturity of the last
Mortgage Loan remaining in the Trust Fund, (ii) the liquidation (or any
advance with respect thereto) of the last Mortgage Loan remaining in the
Trust Fund and the disposition of all REO Property and (iii) the
distribution to Certificateholders of all amounts required to be
distributed to them pursuant to this Agreement.
In no event shall the trust created hereby continue beyond the expiration of 21
years from the death of the last survivor of the descendants of Mr. Joseph P.
Kennedy, former Ambassador of the United States to Great Britain, living on the
date of execution of this Agreement.
The Mortgage Loan Repurchase Price for any such Optional Termination
of the Trust Fund shall be equal to the aggregate Principal Balance of the
Mortgage Loans as of the date of repurchase, together with accrued and unpaid
interest thereon from the date to which such interest was paid or advanced at
the sum of the applicable Net Mortgage Rate and the Trustee Fee Rate with
respect to each Mortgage Loan through the last day of the month of such
repurchase, plus any sums on account of such Mortgage Loan that have been
advanced by the Servicer and are reimbursable to the Servicer hereunder
(including the Principal Balance of each Mortgage Loan that was secured by any
REO Property) plus any amounts due the Insurer under the Insurance Agreement;
provided, however, that if the Servicer shall so choose, the Servicer may remit
the Mortgage Loan Repurchase Price net of advances that would otherwise be
reimbursable to the Servicer and the Servicer would have no further entitlement
to reimbursement for such advances. The Trustee shall give notice to the
Insurer and the Rating Agencies of the Servicer's election to purchase the
Mortgage Loans pursuant to this Section 10.01 and of the Optional Termination
Date. No purchase pursuant to clause (a) is permitted if it would result in a
draw on the Policy unless the Insurer consents.
<PAGE>
SECTION 10.02. Procedure Upon Optional Termination.
-----------------------------------
(a) In case of any Optional Termination pursuant to Section 10.01, the
Servicer shall, at least twenty days prior to the date notice is to be mailed to
the affected Certificateholders notify the Trustee and the Insurer of such
Optional Termination Date and of the applicable repurchase price of the Mortgage
Loans to be repurchased.
(b) Any repurchase of the Mortgage Loans by the Servicer shall be made
on an Optional Termination Date by deposit of the applicable repurchase price
into the Certificate Account, as applicable, before the Distribution Date on
which such repurchase is effected. Upon receipt by the Trustee of an Officers'
Certificate of the Servicer certifying as to the deposit of such repurchase
price into the Certificate Account, the Trustee and each co-trustee and separate
trustee, if any, then acting as such under this Agreement, shall, upon request
and at the expense of the Servicer execute and deliver all such instruments of
transfer or assignment, in each case without recourse, as shall be reasonably
requested by the Seller or the Servicer, to vest title in the Servicer in the
Mortgage Loans so repurchased and shall transfer or deliver to the Servicer the
repurchased Mortgage Loans. Any distributions on the Mortgage Loans received by
the Trustee subsequent to (or with respect to any period subsequent to) the
Optional Termination Date shall be promptly remitted by it to the Servicer.
(c) Notice of the Distribution Date on which the Servicer anticipates
that the final distribution shall be made (whether upon Optional Termination or
otherwise), shall be given promptly by the Servicer to the Trustee and the
Insurer and by the Trustee by first class mail to Holders of the affected
Certificates. Such notice shall be mailed no earlier than the 15th day and not
later than the 10th day preceding the Optional Termination Date or date of final
distribution, as the case may be. Such notice shall specify (i) the
Distribution Date upon which final distribution on the affected Certificates
will be made upon presentation and surrender of such Certificates at the office
or agency therein designated, (ii) the amount of such final distribution and
(iii) that the Record Date otherwise applicable to such Distribution Date is not
applicable, such distribution being made only upon presentation and surrender of
such Certificates at the office or agency maintained for such purposes (the
address of which shall be set forth in such notice).
(d) In the event that any Certificateholders shall not surrender
Certificates for cancellation within six months after the date specified in the
above mentioned written notice, the Trustee shall give a second written notice
to the remaining such Certificateholders to surrender their Certificates for
cancellation and receive the final distribution with respect thereto. If within
six months after the second notice all the Certificates shall not have been
surrendered for cancellation, the Trustee may take appropriate steps, or may
appoint an agent to 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 subject to
the Trust Fund.
SECTION 10.03. Additional Termination Requirements.
-----------------------------------
(a) In the event the Servicer exercises its purchase option pursuant
to Section 10.01, the Trust REMIC shall be terminated in accordance with the
following additional requirements, unless the Trustee has received an Opinion of
Counsel to the effect that the failure
<PAGE>
of the Trust REMIC to comply with the requirements of this Section will not (i)
result in the imposition of taxes on a "prohibited transaction" of the Trust
REMIC, as described in Section 860F of the Code, or (ii) cause the Trust REMIC
to fail to qualify as a remic at any time that any Certificates are outstanding:
(A) within 90 days prior to the final Distribution Date set
forth in the notice given by the Servicer under Section 10.02, the Holder
of the Class R Certificates shall adopt a plan of complete liquidation of
the Trust REMIC and specify the first day of the applicable 90-day
liquidation period in a statement attached to the Trust Fund's final tax
return pursuant to Treasury Regulations Section 1.860F-1, and satisfy (or
cause to be satisfied) all of the requirements of a qualified liquidation
under the REMIC Provisions; and
(B) at or after the time of adoption of any such plan of
complete liquidation for the Trust REMIC at or prior to the final
Distribution Date, the Trustee shall sell all of the assets of the Trust
Fund to the Depositor for cash; 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 Trustee shall not
sell any of the assets of the Trust Fund prior to the close of that
calendar quarter.
(b) By its acceptance of a Class R Certificate, the Holder thereof
hereby agrees to adopt such a plan of complete liquidation and to take such
other action in connection therewith as may be reasonably required to liquidate
and otherwise terminate the Trust REMIC.
ARTICLE XI
MISCELLANEOUS PROVISIONS
SECTION 11.01. Amendment.
---------
(a) This Agreement may be amended from time to time by the Depositor
and the Trustee, with the consent of the Insurer but without the consent of any
of the Certificateholders,
(i) to cure any ambiguity,
(ii) to correct or supplement any provisions herein that may be
inconsistent with any other provisions herein,
(iii) to modify, eliminate or add to any of its provisions to such
extent as shall be necessary or desirable to maintain the qualification of
the Trust REMIC as a remic at all times that any Certificate is outstanding
or to avoid or minimize the risk of the imposition of any tax on the Trust
Fund pursuant to the Code that would be a claim against the Trust Fund,
provided that the Trustee has received an Opinion of Counsel to the effect
that (A) such action is necessary or desirable to maintain such
qualification or to avoid or minimize the risk of the imposition of any
such tax and (B) such action will
<PAGE>
not adversely affect the status of the Trust REMIC as a remic or adversely
affect in any material respect the interests of any Certificateholder, or
(iv) to make any other provisions with respect to matters or questions
arising under this Agreement that are not materially inconsistent with the
provisions of this Agreement, provided that such action shall not adversely
affect in any material respect the interests of any Certificateholder or
cause an Adverse REMIC Event.
(b) This Agreement may be amended from time to time by the Depositor,
the Servicer and the Trustee with the consent of the Insurer and the Holders of
Certificates evidencing, in the aggregate, not less than 66-2/3% of the Voting
Rights of all the Certificates 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 Holders of the Certificates;
provided, however, that no such amendment may (i) reduce in any manner the
amount of, delay the timing of or change the manner in which payments received
on or with respect to Mortgage Loans are required to be distributed with respect
to any Certificate without the consent of the Holder of such Certificate, (ii)
adversely affect in any material respect the interests of the Holders of a Class
of Certificates in a manner other than as set forth in (i) above without the
consent of the Holders of Certificates evidencing not less than 66-2/3% of the
Voting Rights of such Class, (iii) reduce the aforesaid percentages of Voting
Rights, the holders of which are required to consent to any such amendment
without the consent of 100% of the Holders of Certificates of the Class affected
thereby, (iv) change the percentage of the Principal Balance of the Mortgage
Loans specified in Section 10.01(a) relating to optional termination of the
Trust Fund or (v) modify the provisions of this Section 11.01.
It shall not be necessary for the consent of Certificateholders under
this Section 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.
(c) This Agreement may be amended from time to time by the Seller,
without the consent of the Depositor, the Trustee, the Insurer, the Servicer or
the Certificateholders, to modify Section 3.21(b) to make purchases of
Converting Mortgage Loans or Converted Mortgage Loans by the Seller mandatory.
(d) Promptly after the execution of any amendment to this Agreement,
the Trustee shall furnish written notification of the substance of such
amendment to each Certificateholder and the Rating Agencies.
SECTION 11.02. Recordation of Agreement; Counterparts.
--------------------------------------
(a) This Agreement is subject to recordation in all appropriate public
offices for real property records in all the counties or other comparable
jurisdictions in which any or all of the Mortgaged Properties are situated, and
in any other appropriate public recording office or elsewhere. Such
recordation, if any, shall be effected by the Servicer at its expense on
direction of the Insurer or the Trustee, but only upon direction of the Insurer
or the Trustee
<PAGE>
accompanied by an Opinion of Counsel to the effect that such recordation
materially and beneficially affects the interests of the Certificateholders of
the Trust Fund.
(b) 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 11.03. Governing Law.
-------------
THIS AGREEMENT SHALL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY
THE SUBSTANTIVE LAWS OF THE STATE OF NEW YORK APPLICABLE TO AGREEMENTS MADE AND
TO BE PERFORMED IN THE STATE OF NEW YORK AND THE OBLIGATIONS, RIGHTS AND
REMEDIES OF THE PARTIES HERETO AND THE CERTIFICATEHOLDERS SHALL BE DETERMINED IN
ACCORDANCE WITH SUCH LAWS.
SECTION 11.04. Intention of Parties.
--------------------
(a) It is the express intent of the Depositor, the Seller and the
Trustee that the conveyance by the Seller to the Depositor pursuant to the
Mortgage Loan Purchase Agreement and the conveyance by the Depositor to the
Trustee and by the Seller to the Trustee as provided for in Section 2.01 of each
of the Seller's and Depositor's right, title and interest in and to the Mortgage
Loans and CD Collateral be, and be construed as, an absolute sale and assignment
by the Seller to the Depositor and by the Depositor to the Trustee of the
Mortgage Loans and CD Collateral for the benefit of the Certificateholders and
the Insurer. Further, it is not intended that either conveyance be deemed to be
a pledge of the Mortgage Loans and CD Collateral by the Seller to the Depositor
or by the Depositor to the Trustee to secure a debt or other obligation.
However, in the event that the Mortgage Loans or CD Collateral are held to be
property of the Seller or the Depositor, or if for any reason the Mortgage Loan
Purchase Agreement or this Agreement is held or deemed to create a security
interest in the Mortgage Loans or CD Collateral, then it is intended that (i)
this Agreement shall also be deemed to be a security agreement within the
meaning of Articles 8 and 9 of the New York Uniform Commercial Code and the
Uniform Commercial Code of any other applicable jurisdiction; (ii) the
conveyances provided for in Section 2.01 shall be deemed to be a grant by the
Seller and the Depositor to the Trustee on behalf of the Certificateholders and
the Insurer (and the Insurer directly), to secure payment in full of the Secured
Obligations (as defined below), of a security interest in all of the Seller's
and the Depositor's right (including the power to convey title thereto), title
and interest, whether now owned or hereafter acquired, in and to the Mortgage
Loans and CD Collateral, including the Mortgage Notes, the Mortgages, any
related insurance policies and all other documents in the related Mortgage
Files, and all accounts, contract rights, general intangibles, chattel paper,
instruments, documents, money, deposit accounts, certificates of deposit, goods,
letters of credit, advices of credit and uncertificated securities consisting
of, arising from or relating to (A) the Mortgage Loans, including with respect
to each Mortgage Loan, the Mortgage Note and related Mortgage, and all other
documents in the related Trustee Mortgage Files, and including any Replacement
Mortgage Loans; (B) pool insurance policies, hazard insurance policies and any
bankruptcy bond relating to the foregoing, if applicable; (C) the Certificate
Account; (D) the Custodial Account; (E) the Reserve Account and all amounts
<PAGE>
on deposit therein; (F) all amounts payable after the Cut-off Date to the
holders of the Mortgage Loans in accordance with the terms thereof; (G) all
income, payments, proceeds and products of the conversion, voluntary or
involuntary, of the foregoing into cash, instruments, securities or other
property, including without limitation all amounts from time to time held or
invested in the Certificate Account, whether in the form of cash, instruments,
securities or other property; and (H) all cash and non-cash proceeds of any of
the foregoing; (iii) the possession by the Trustee or any other agent of the
Trustee of Mortgage Notes, any CD Collateral or such other items of property as
constitute instruments, money, documents, advices of credit, letters of credit,
goods, certificated securities or chattel paper shall be deemed to be a
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 or 9-115 thereof); and (iv)
notifications to persons holding such property, and acknowledgments, receipts or
confirmations from persons holding such property, shall be deemed 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. "Secured Obligations" means (i) the rights of each
Certificateholder to be paid any amount owed to it under this Agreement, (ii)
the rights of the Insurer to be paid any amount owed to it under this Agreement,
(iii) all other obligations of the Seller and the Depositor under this Agreement
and the Mortgage Loan Purchase Agreement and (iv) the right of the
Certificateholders and the Insurer to the Mortgage Loans.
(b) The Seller and the Depositor, and, at the Depositor's direction,
the Servicer and the Trustee, shall, to the extent consistent with this
Agreement, take such reasonable actions as may be necessary to ensure that, if
this Agreement were deemed to create a security interest in the Mortgage Loans
and the other property described above, such security interest would be deemed
to be a perfected security interest of first priority as applicable. The
Trustee shall file, at its expense, all filings necessary to maintain the
effectiveness of any original filings necessary under the Uniform Commercial
Code as in effect in any jurisdiction to perfect the Trustee's security interest
(and the security interest granted to the Insurer directly) in or lien on the
Mortgage Loans, including without limitation (i) continuation statements, and
(ii) such other statements as may be occasioned by any transfer of any interest
of the Servicer or the Depositor in any Mortgage Loan.
SECTION 11.05. Notices.
-------
In addition to other notices provided under this Agreement, the
Trustee shall notify the Rating Agencies in writing: (a) of any substitution of
any Mortgage Loan; (b) of any payment or draw on any insurance policy applicable
to the Mortgage Loans; (c) of the final payment of any amounts owing to a Class
of Certificates; (d) any Event of Default under this Agreement; and (e) in the
event any Mortgage Loan is repurchased in accordance with this Agreement.
All directions, demands and notices hereunder shall be in writing and
shall be deemed to have been duly given when received (i) in the case of the
Depositor, Credit Suisse First Boston Mortgage Securities Corp., 11 Madison
Avenue, New York, New York 10055, Attention: President; (ii) in the case of the
Trustee, U. S. Bank National Association, 180 East Fifth Street, St. Paul,
Minnesota 55101, Attn: Structured Finance or such other address as may hereafter
be furnished to the Depositor in writing by the Trustee; (iii) in the case of
the Seller
<PAGE>
or Servicer, Chevy Chase Bank, F.S.B., 8401 Connecticut Avenue, Chevy Chase,
Maryland 20815, Attention: General Counsel; (iv) in the case of the Insurer,
MBIA Insurance Corporation, 113 King Street, Armonk, New York 10504, Attn:
Insured Portfolio Management Structured Finance; and (v) in the case of the
Rating Agencies, Moody's Investors Service, 99 Church Street, New York, New York
10007, Attention: Mortgage-Backed Securities Rating Group and Standard & Poor's
Rating Services, 25 Broadway, New York, New York 10004, Attention: Structured
Finance. Notices to Certificateholders shall be deemed given when mailed, first
class postage prepaid.
SECTION 11.06. 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 or the
Insurer.
SECTION 11.07. Limitation on Rights of Certificateholders.
------------------------------------------
The death or incapacity of any Certificateholder shall not operate to
terminate this Agreement or the Trust Fund, nor entitle such Certificateholder's
legal representative or heirs to claim an accounting or to take any action or
commence any proceeding in any court for a petition or winding up of the Trust
Fund, or otherwise affect the rights, obligations and liabilities of the parties
hereto or any of them.
No Certificateholder shall have any right to vote (except as provided
herein) or in any manner otherwise control the operation and management of the
Trust Fund, or the obligations of the parties hereto, 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
party 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
itself of any provisions 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 and Insurer a
written notice of an Event of Default and of the continuance thereof, as
provided herein, and such default would not result in a claim under the Policy,
and unless the Holders of Certificates evidencing not less than 25% of the
Voting Rights evidenced by the Certificates shall also 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 Insurer shall have given its written
consent, 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; it being understood and intended, and being
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
<PAGE>
whatever by virtue or by availing itself or themselves of any provisions of this
Agreement to affect, disturb or prejudice the rights of the Holders of any other
of the 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 common benefit of all Certificateholders.
For the protection and enforcement of the provisions of this Section 11.07, each
and every Certificateholder and the Trustee shall be entitled to such relief as
can be given either at law or in equity.
SECTION 11.08. Certificates Nonassessable and Fully Paid.
-----------------------------------------
It is the intention of the Depositor that Certificateholders shall not
be personally liable for obligations of the Trust Fund, that the interests in
the Trust Fund represented by the Certificates shall be nonassessable for any
reason whatsoever, and that the Certificates, upon due authentication thereof by
the Trustee pursuant to this Agreement, are and shall be deemed fully paid.
SECTION 11.09. Rights of the Insurer.
---------------------
(a) The Insurer is an express third-party beneficiary of this
Agreement unless an Insurer Default exists.
(b) On each Distribution Date the Trustee shall forward to the Insurer
a copy of the reports furnished to the Class A Certificateholders and the
Depositor on such Distribution Date.
(c) The Trustee shall provide to the Insurer copies of any report,
notice, Opinion of Counsel, Officer's Certificate, request for consent or
request for amendment to any document related hereto promptly upon the Trustee's
production or receipt thereof.
(d) Unless an Insurer Default exists, the Trustee and the Depositor
shall not agree to any amendment to this Agreement without first having obtained
the prior written consent of the Insurer, if such consent is not unreasonably
withheld.
(e) So long as there does not exist a failure by the Insurer to make a
required payment under the Policy, the Insurer shall have the right to exercise
all rights of the Holders of the Class A Certificates under this Agreement
without any consent of such Holders, and such Holders may exercise such rights
only with the prior written consent of the Insurer, except as provided herein.
<PAGE>
IN WITNESS WHEREOF, the Depositor, the Servicer and the Trustee have
caused their names to be signed hereto by their respective officers thereunto
duly authorized all as of the 27th day of March, 1998.
CREDIT SUISSE FIRST BOSTON MORTGAGE
SECURITIES CORP., as Depositor
By: s/s Kari A. Skilbred
Name: Kari A. Skilbred
Title: Vice President
CHEVY CHASE BANK, F.S.B.,
as Seller and Servicer
By: s/s Mark A. Holles
Name: Mark A. Holles
Title: Vice President
U.S. BANK NATIONAL ASSOCIATION,
as Trustee
By: s/s Edward Kachinski
Name: Edward Kachinski
Title: Vice President
<PAGE>
STATE OF NEW YORK )
: ss.:
COUNTY OF NEW YORK )
On this 27th day of March, 1998, before me, personally appeared Edward
Kachinski, known to me to be a Vice President of U.S. Bank National Association,
the national association that executed the within instrument, and also known to
me to be the person who executed it on behalf of said national association, and
acknowledged to me that such national association executed the within
instrument.
IN WITNESS WHEREOF, I have hereunto set my hand and affixed my official
seal the day and year in this certificate first above written.
Notary Public
[NOTARIAL SEAL]
<PAGE>
STATE OF NEW YORK )
: ss.:
COUNTY OF NEW YORK )
On the 27th day of March, 1998, before me, personally appeared Kari A.
Skilbred, known to me to be a Vice President of Credit Suisse First Boston
Mortgage Securities Corp., one of the corporations that executed the within
instrument 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.
IN WITNESS WHEREOF, I have hereunto set my hand and affixed my official
seal the day and year in this certificate first above written.
Notary Public
[NOTARIAL SEAL]
<PAGE>
STATE OF NEW YORK )
: ss.:
COUNTY OF NEW YORK )
On the 27th day of March, 1998, before me, a Notary Public in and for
said State, personally appeared Mark A. Holles, known to me to be a Vice
President of Chevy Chase Bank, F.S.B., the federally chartered bank that
executed the within instrument and also known to me to be the person who
executed it on behalf of said bank, and acknowledged to me that such bank
executed the within instrument.
IN WITNESS WHEREOF, I have hereunto set my hand and affixed my official
seal the day and year in this certificate first above written.
Notary Public
[NOTARIAL SEAL]
<PAGE>
EXHIBIT A
FORM OF CLASS [A-I] [A-II] CERTIFICATE
SOLELY FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE IS A "REGULAR
INTEREST" IN A "REAL ESTATE MORTGAGE INVESTMENT CONDUIT" AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G AND 860D OF THE CODE.
THIS CERTIFICATE DOES NOT REPRESENT AN INTEREST IN OR OBLIGATION OF CREDIT
SUISSE FIRST BOSTON MORTGAGE SECURITIES CORP. OR THE TRUSTEE REFERRED TO BELOW,
OR OF ANY OF THEIR AFFILIATES. THIS CERTIFICATE IS NOT GUARANTEED OR INSURED BY
ANY GOVERNMENT AGENCY OR INSTRUMENTALITY.
<PAGE>
CHEVY CHASE BANK, F.S.B.
MORTGAGE-BACKED PASS-THROUGH CERTIFICATE
SERIES 1998-CCB1, CLASS [A-I] [A-II]
Evidencing an undivided interest in a Trust Fund whose assets consist of a pool
of adjustable-rate, conventional mortgage loans secured by first liens on one-
to four-family, residential real properties and certain other property held in
trust transferred by
CREDIT SUISSE FIRST BOSTON MORTGAGE SECURITIES CORP.
CUSIP __________ $___________ INITIAL AGGREGATE
CLASS [A-I] [A-II] CERTIFICATE
PRINCIPAL BALANCE
Certificate No. [A-I-__] [A-II-__] $___________ INITIAL CERTIFICATE PRINCIPAL
BALANCE OF THIS CERTIFICATE
First Distribution Date: Scheduled Final
April 27, 1998 Distribution Date:
October 25, 2032
THIS CERTIFIES THAT CEDE & CO. is the registered owner of a beneficial
interest in the Trust Fund referred to below consisting of a pool of adjustable-
rate conventional mortgage loans secured by first liens on one- to four-family
residential real properties (the "Mortgage Loans") and certain other property
held in trust transferred to the Trust Fund by Credit Suisse First Boston
Mortgage Securities Corp. (the "Depositor"), and certain related property. The
Trust Fund was created pursuant to the Pooling and Servicing Agreement, dated as
of March 1, 1998 (the "Agreement"), among the Depositor, U.S. Bank National
Association, as trustee (the "Trustee", which term includes any successor entity
under the Agreement) and Chevy Chase Bank, F.S.B., as seller and servicer, a
summary of certain of the pertinent provisions of which is set forth herein.
This Certificate is issued under and is subject to the terms, provisions and
conditions of the Agreement, to which Agreement the Holder of this Certificate
by virtue of the acceptance hereof assents and by which such Holder is bound.
This Certificate is one of a duly authorized issue of certificates by
Credit Suisse First Boston Mortgage Securities Corp. designated as the Chevy
Chase Bank, F.S.B. Mortgage-Backed Pass-Through Certificates, Series 1998-CCB1
(the "Certificates"), which is comprised of the following four Classes: Class A-
I, Class A-II, Class S and Class R. Reference is hereby made to the Agreement
for a statement of the respective rights thereunder of the Depositor and the
Trustee and the Holders of the Certificates and the terms upon which the
Certificates are authenticated and delivered. This Certificate represents an
interest in the Trust Fund, which Trust Fund consists of, among other things,
(i) the Mortgage Loans and all distributions thereon payable after the Cut-off
Date, net of certain amounts in accordance with the provisions of the Agreement,
(ii) the CD Collateral, (ii) REO Property, (iv) the Certificate Account and the
Custodial Account and all amounts deposited therein pursuant to the applicable
provisions of the
A-2
<PAGE>
Agreement, net of any investment earnings thereon, (v) the interest of the Trust
Fund in any insurance policies with respect to the Mortgage Loans, (vi) the
interest of the Trust Fund in the Policy issued for the benefit of the Holders
of the Class A Certificates, (vii) the rights of the Depositor assigned to the
Trustee pursuant to Sections 2.01 and 3.01 of the Agreement, (viii) the Reserve
Account and all amounts deposited therein and (ix) all proceeds of the
conversion, voluntary or involuntary, of any of the foregoing into cash or other
liquid property.
This Class [A-I] [A-II] Certificate represents a Percentage Interest
equal to the Initial Certificate Principal Balance of this Certificate divided
by the Initial Certificate Principal Balance of the Class [A-I] [A-II]
Certificates, both as set forth above.
The Trustee shall distribute from the Certificate Account, to the
extent of available funds, on the 25th day of each calendar month, or, if such
25th day is not a Business Day, the Business Day immediately following such 25th
day (each, a "Distribution Date"), commencing April 27, 1998, to the Person in
whose name this Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such distribution
(each, a "Record Date"), a principal amount equal to the product of the
Percentage Interest evidenced by this Certificate and that portion of the
Available Distribution Amount that is allocated to principal on such Class of
Certificates on such Distribution Date.
Distributions of interest will be made on each Distribution Date, to
the extent of available funds, in an amount equal to the sum of (a) one month's
interest accrued at the per annum applicable Certificate Rate on the outstanding
Certificate Principal Balance of this Certificate as of the day immediately
prior to the related Distribution Date reduced by its pro rata portion of the
aggregate shortfalls of interest allocated to such Class of Certificates and (b)
the amount of any Class [A-I] [A-II] Cumulative Interest Shortfall Amount
payable on such Distribution Date.
Not later than each Distribution Date, the Trustee will send to each
Certificateholder a statement containing information relating to the Mortgage
Loans and payments made to Certificateholders.
Distributions on this Certificate will be made by the Trustee by check
mailed to the address of the Holder hereof entitled thereto at the address
appearing in the Certificate Register or, if such Holder holds one or more of
this Class of Certificates with an aggregate initial Certificate Principal
Balance of at least $2,500,000 or all of the Certificates of this Class, by wire
transfer in immediately available funds to the account of such Certificateholder
designated in writing to the Trustee at least five Business Days prior to the
applicable Record Date. Notwithstanding the above, the final distribution on
this Certificate will be made after due notice of the pendency of such final
distribution and only upon presentation and surrender of this Certificate at the
office or agency designated in such notice.
The Agreement permits, with certain exceptions as therein provided,
the amendment thereof and the modification of the rights and obligations of the
Depositor and the Trustee and the rights of the Certificateholders under the
Agreement at any time by the Depositor and the Trustee with the consent of the
Holders of Certificates evidencing Voting Rights aggregating not less than 66-
2/3% of the Voting Rights of all the Certificates; provided,
A-3
<PAGE>
however, that no such amendment may (i) reduce in any manner the amount of,
delay the timing of or change the manner in which payments received on Mortgage
Loans are required to be distributed in respect of any Certificate without the
consent of the Holder of such Certificate, (ii) adversely affect in any material
respect the interests of the Holders of a Class of Certificates in a manner
other than in (i) above without the consent of the Holders of Certificates
evidencing not less than 66-2/3% of the Voting Rights of such Class and (iii)
reduce the aforesaid percentages of Voting Rights, the holders of which are
required to consent to any such amendment, without the consent of 100% of the
Holders of Certificates of the Class affected thereby. 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 Agreement also
permits the Depositor and the Trustee to amend certain terms and conditions set
forth in the Agreement without the consent of Holders of the Certificates. At
any time that any of the Class A Certificates are outstanding, 98% of all Voting
Rights will be allocated to the Holders of the Class A Certificates, in
proportion to their then outstanding Certificate Principal Balances, 1% of all
Voting Rights will be allocated to the Holders of the Class S Certificates and
1% of all Voting Rights will be allocated to the Holders of the Class R
Certificates.
As provided in the Agreement and subject to certain limitations
therein set forth, the transfer of this Certificate is registrable on the
Certificate Register upon surrender of this Certificate for registration of
transfer at the office or agency of the Trustee designated therefor, duly
endorsed by, or accompanied by a written instrument of transfer in a form
satisfactory to the Trustee duly executed by the Holder hereof or such Holder's
attorney duly authorized in writing, and thereupon one or more new Certificates
of the same Class and of authorized denominations, and for the same aggregate
interest in the Trust Fund will be issued to the designated transferee or
transferees.
The Class [A-I] [A-II] Certificates will be issued in fully registered
form in minimum denominations of $100,000 Certificate Principal Balance and in
integral multiples of $1,000 in excess of such amount; provided, however, that
one Certificate of each Class may be issued in such other amount as is required
so that the aggregate of each Class of Certificates equals its respective
aggregate Certificate Principal Balance. As provided in the Agreement and
subject to certain limitations therein set forth, this Certificate is
exchangeable for one or more new Certificates of the same Class and of
authorized denominations evidencing a like aggregate Certificate Principal
Balance, as requested by the Holder surrendering the same.
No service charge will be made for such registrations of transfers or
exchanges, but the Trustee may require payment of a sum sufficient to cover any
tax or other governmental charge payable in connection therewith. The Trustee
and any agent of the Trustee may treat the person in whose name this Certificate
is registered as the owner hereof for all purposes, and neither the Trustee nor
any such agent thereof shall be affected by notice to the contrary.
The obligations and responsibilities of the Depositor and the Trustee
created by the Agreement will terminate upon the earlier of (a) the purchase by
the Holder of the Class R Certificates from the Trust Fund of all remaining
Mortgage Loans and all property acquired in respect of such Mortgage Loans,
thereby effecting early retirement of the Certificates, or (b) the
A-4
<PAGE>
maturity or other liquidation (or any advance with respect thereto) of the last
Mortgage Loan remaining in the Trust Fund and the disposition of all property
acquired upon foreclosure or deed in lieu of foreclosure of any Mortgage Loan.
As provided in the Agreement, the right to purchase all Mortgage Loans pursuant
to clause (a) above shall be conditioned upon the unpaid Principal Balances of
such Mortgage Loans, at the time of any such repurchase, aggregating less than
or equal to 5% of the aggregate Principal Balances thereof as of the Cut-off
Date.
Any term used herein that is defined in the Agreement shall have the
meaning assigned in the Agreement, and nothing herein shall be deemed
inconsistent with that meaning. If the terms hereof are inconsistent with the
Agreement, the Agreement shall control.
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 Agreement or be valid or obligatory for any
purpose.
The recitals contained herein shall be taken as statements of the
Depositor and not of the Trustee. The Trustee assumes no responsibility for the
correctness of the statements contained in this Certificate and makes no
representation as to the validity or sufficiency of the Agreement, this
Certificate, any Mortgage Loan or any related document.
A-5
<PAGE>
IN WITNESS WHEREOF, the Trustee has caused this Certificate to be duly
executed under its corporate seal.
U.S. BANK NATIONAL ASSOCIATION, solely
as Trustee and not individually
By:__________________________
Authorized Officer
CERTIFICATE OF AUTHENTICATION
This is one of the Certificates referred to in the within-mentioned Agreement.
Date: ___________
U.S. BANK NATIONAL ASSOCIATION,
as Trustee
By:______________________________
Authorized Officer
A-6
<PAGE>
ASSIGNMENT
FOR VALUE RECEIVED the undersigned hereby sell(s), assign(s) and
transfer(s) unto
______________________________________________________________________________
______________________________________________________________________________
(Please print or typewrite name and address, including postal zip code, or
assignee) the undivided interest in the Trust Fund evidenced by the within
Certificate and hereby authorize(s) the transfer of registration of such
interest to the assignee on the Certificate Register.
I (we) further direct the Trustee to issue a new Certificate of the same
Class and of a like Initial Certificate Principal Balance and undivided interest
in the Trust Fund to the above-named assignee and to deliver such Certificate to
the following address:
______________________________________________________________________________
______________________________________________________________________________
Dated: _____________________
__________________________________________________________
Social Security or Signature by or on behalf of assignor
other Tax Identification (signature must be signed as
No. of Assignee registered)
______________________________
Signature Guaranteed
DISTRIBUTION INSTRUCTIONS
The assignee should include the following for the information of the
Master Servicer:
Distribution shall be made by check mailed to ______________________
______________________________________________________________________________,
or if the aggregate initial Certificate Principal Balance of Certificates of
this Class held by the Holder is at least $2,500,000 or the Percentage Interest
within such Class is 100%, and the Trustee shall have received appropriate
wiring instructions in accordance with the Agreement, by wire transfer in
immediately available funds to ___________________________ the account of
_________________________, account number ____________________. This
information is provided by the assignee named above, or its agent.
A-7
<PAGE>
EXHIBIT B
FORM OF CLASS S CERTIFICATE
THIS CERTIFICATE HAS NOT BEEN AND WILL NOT BE REGISTERED UNDER THE SECURITIES
ACT OF 1933, AS AMENDED (THE "ACT"), OR THE SECURITIES LAWS OF ANY STATE AND MAY
NOT BE RESOLD OR TRANSFERRED UNLESS IT IS REGISTERED PURSUANT TO SUCH ACT AND
LAWS OR IS SOLD OR TRANSFERRED IN TRANSACTIONS THAT ARE EXEMPT FROM REGISTRATION
UNDER SUCH ACT AND UNDER APPLICABLE STATE LAW AND IS TRANSFERRED IN ACCORDANCE
WITH THE PROVISIONS OF SECTION 6.02 OF THE AGREEMENT REFERRED TO HEREIN.
THE YIELD TO MATURITY ON THIS CERTIFICATE WILL BE EXTREMELY SENSITIVE TO THE
RATE AND TIMING OF PAYMENTS (INCLUDING PREPAYMENTS) ON THE MORTGAGE LOANS.
SOLELY FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE IS A "REGULAR
INTEREST" IN A "REAL ESTATE MORTGAGE INVESTMENT CONDUIT" AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G AND 860D OF THE CODE.
THE FOLLOWING INFORMATION IS PROVIDED SOLELY FOR THE PURPOSES OF APPLYING THE
U.S. FEDERAL INCOME TAX ORIGINAL ISSUE DISCOUNT ("OID") RULES TO THIS
CERTIFICATE. THE ISSUE DATE OF THIS CERTIFICATE IS MARCH 27, 1998. ASSUMING
THAT THE MORTGAGE LOANS PREPAY AT 100% SPA (AS DESCRIBED IN THE PROSPECTUS
SUPPLEMENT), AND ASSUMING A CONSTANT PASS-THROUGH RATE EQUAL TO THE INITIAL
CERTIFICATE RATE, THIS CERTIFICATE HAS BEEN ISSUED WITH NO MORE THAN $_____ OF
OID PER [$1,000] [$100,000] OF [INITIAL NOTIONAL AMOUNT], THE PRE-TAX YIELD TO
MATURITY IS ___% AND THE AMOUNT OF OID ATTRIBUTABLE TO THE INITIAL ACCRUAL
PERIOD IS NO MORE THAN $_______ PER [$1,000] [$100,000] OF [INITIAL NOTIONAL
AMOUNT], COMPUTED USING THE APPROXIMATE METHOD. NO REPRESENTATION IS MADE THAT
THE MORTGAGE LOANS WILL PREPAY AT A RATE BASED ON THE STANDARD PREPAYMENT
ASSUMPTION OR AT ANY OTHER RATE OR AS TO THE CONSTANCY OF THE CERTIFICATE RATE.
THIS CERTIFICATE DOES NOT REPRESENT AN INTEREST IN OR OBLIGATION OF CREDIT
SUISSE FIRST BOSTON MORTGAGE SECURITIES CORP. OR THE TRUSTEE REFERRED TO BELOW,
OR OF ANY OF THEIR AFFILIATES. THIS CERTIFICATE IS NOT GUARANTEED OR INSURED BY
ANY GOVERNMENT AGENCY OR INSTRUMENTALITY.
NO TRANSFER OF THIS CERTIFICATE MAY BE MADE TO AN EMPLOYEE BENEFIT OR OTHER PLAN
SUBJECT TO THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974, AS AMENDED
("ERISA"), OR SECTION 4975 OF THE CODE UNLESS THE TRANSFEREE PROVIDES EITHER A
CERTIFICATION PURSUANT TO SECTION
B-1
<PAGE>
6.02(f) OF THE AGREEMENT OR AN OPINION OF COUNSEL SATISFACTORY TO THE DEPOSITOR
AND THE TRUSTEE THAT THE PURCHASE OF THIS CERTIFICATE BY OR ON BEHALF OF SUCH
PLAN IS PERMISSIBLE UNDER APPLICABLE LAW AND WILL NOT CONSTITUTE OR RESULT IN A
NON-EXEMPT PROHIBITED TRANSACTION UNDER SECTION 406 OF ERISA AND SECTION 4975 OF
THE CODE.
B-2
<PAGE>
CHEVY CHASE BANK, F.S.B.
MORTGAGE-BACKED PASS-THROUGH CERTIFICATE
SERIES 1998-CCB1, CLASS S
Evidencing an undivided interest in the interest portion of a Trust Fund whose
assets consist of a pool of adjustable-rate, conventional mortgage loans secured
by first liens on one- to four-family, residential real properties and certain
other property held in trust transferred by
CREDIT SUISSE FIRST BOSTON MORTGAGE SECURITIES CORP.
$_____________ INITIAL AGGREGATE
NOTIONAL AMOUNT OF
CLASS S CERTIFICATES
Certificate No. S-__ 100% PERCENTAGE INTEREST
REPRESENTED BY THIS
CERTIFICATE
First Distribution Date: Scheduled Final
April 27, 1998 Distribution Date:
October 25, 2032
THIS CERTIFIES THAT _______________________________________ is the
registered owner of a beneficial interest in the Trust Fund referred to below
consisting of a pool of adjustable-rate, conventional mortgage loans secured by
first liens on one- to four-family residential real properties (the "Mortgage
Loans") and certain other property held in trust transferred to the Trust Fund
by Credit Suisse First Boston Mortgage Securities Corp. (the "Depositor"), and
certain related property. The Trust Fund was created pursuant to the Pooling
and Servicing Agreement, dated as of March 1, 1998 (the "Agreement"), among the
Depositor, U.S. Bank National Association, as trustee (the "Trustee", which term
includes any successor entity under the Agreement) and Chevy Chase Bank, F.S.B.,
as seller and servicer, a summary of certain of the pertinent provisions of
which is set forth herein. This Certificate is issued under and is subject to
the terms, provisions and conditions of the Agreement, to which Agreement the
Holder of this Certificate by virtue of the acceptance hereof assents and by
which such Holder is bound.
This Certificate is one of a duly authorized issue of certificates by
Credit Suisse First Boston Mortgage Securities Corp. designated as the Chevy
Chase Bank, F.S.B. Mortgage-Backed Pass-Through Certificates, Series 1998-CCB1
(the "Certificates"), which is comprised of the following four Classes: Class A-
I, Class A-II, Class S and Class R. Reference is hereby made to the Agreement
for a statement of the respective rights thereunder of the Depositor and the
Trustee and the Holders of the Certificates and the terms upon which the
Certificates are authenticated and delivered. This Certificate represents an
interest in the Trust Fund, which Trust Fund consists of, among other things,
(i) the Mortgage Loans and all distributions thereon payable after the Cut-off
Date, net of certain amounts in accordance with the provisions of the Agreement,
(ii) the CD Collateral, (ii) REO Property, (iv) the Certificate Account and the
Custodial Account and all amounts deposited therein pursuant to the applicable
provisions of the
B-3
<PAGE>
Agreement, net of any investment earnings thereon, (v) the interest of the Trust
Fund in any insurance policies with respect to the Mortgage Loans, (vi) the
interest of the Trust Fund in the Policy issued for the benefit of the Holders
of the Class A Certificates, (vii) the rights of the Depositor assigned to the
Trustee pursuant to Sections 2.01 and 3.01 of the Agreement, (viii) the Reserve
Account and all amounts deposited therein and (ix) all proceeds of the
conversion, voluntary or involuntary, of any of the foregoing into cash or other
liquid property.
This Class S Certificate represents the right to receive a portion of
interest with respect to the Mortgage Loans on a Distribution Date. This Class
S Certificate is not entitled to any distributions with respect to principal on
the Mortgage Loans in the Trust Fund. The Holder of this Class S Certificate
hereby acknowledges the grant of the security interest to the Trustee pursuant
to Section 2.01 of the Agreement.
The Trustee shall distribute from the Certificate Account, to the
extent of available funds, on the 25th day of each calendar month, or, if such
25th day is not a Business Day, the Business Day immediately following such 25th
day (the "Distribution Date"), commencing April 27, 1998, to the Person in whose
name this Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such distribution
(each a "Record Date"), distributions of interest in an amount equal to the
Class S Interest Distribution Amount for such Distribution Date.
Not later than each Distribution Date, the Trustee will send to each
Certificateholder a statement containing information relating to the Mortgage
Loans and payments made to Certificateholders.
Distributions on this Certificate will be made by the Trustee by check
mailed to the address of the Holder hereof entitled thereto at the address
appearing in the Certificate Register or, if such Holder holds all of the
Certificates of this Class, by wire transfer in immediately available funds to
the account of such Certificateholder designated in writing to the Trustee at
least five Business Days prior to the applicable Record Date. Notwithstanding
the above, the final distribution on this Certificate will be made after due
notice of the pendency of such final distribution and only upon presentation and
surrender of this Certificate at the office or agency designated in such notice.
The Agreement permits, with certain exceptions as therein provided,
the amendment thereof and the modification of the rights and obligations of the
Depositor and the Trustee and the rights of the Certificateholders under the
Agreement at any time by the Depositor and the Trustee with the consent of the
Holders of Certificates evidencing Voting Rights aggregating not less than 66-
2/3% of the Voting Rights of all the Certificates; provided, however, that no
such amendment may (i) reduce in any manner the amount of, delay the timing of
or change the manner in which payments received on Mortgage Loans are required
to be distributed in respect of any Certificate without the consent of the
Holder of such Certificate, (ii) adversely affect in any material respect the
interests of the Holders of a Class of Certificates in a manner other than in
(i) above without the consent of the Holders of Certificates evidencing not less
than 66-2/3% of the Voting Rights of such Class and (iii) reduce the aforesaid
percentages of Voting Rights, the holders of which are required to consent to
any such amendment, without the consent of 100% of the Holders of Certificates
of the Class affected
B-4
<PAGE>
thereby. 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 Agreement also permits the Depositor and the Trustee to amend
certain terms and conditions set forth in the Agreement without the consent of
Holders of the Certificates. At any time that any of the Class A Certificates
are outstanding, 98% of all Voting Rights will be allocated to the Holders of
the Class A certificates, in proportion to their then outstanding Certificate
Principal Balances, 1% of all Voting Rights will be allocated to the Holders of
the Class S Certificates and 1% of all Voting Rights will be allocated to the
Holders of the Class R Certificates.
As provided in the Agreement and subject to certain limitations
therein set forth, the transfer of this Certificate is registrable on the
Certificate Register upon surrender of this Certificate for registration of
transfer at the office or agency of the Trustee designated therefor, duly
endorsed by, or accompanied by a written instrument of transfer in a form
satisfactory to the Trustee duly executed by the Holder hereof or such Holder's
attorney duly authorized in writing, and thereupon one or more new Certificates
of the same Class and of authorized denominations, and for the same aggregate
interest in the Trust Fund will be issued to the designated transferee or
transferees.
The Class S Certificates will be issued in fully registered form in
minimum Percentage Interests of 20% and integral multiples thereof. As provided
in the Agreement and subject to certain limitations therein set forth, this
Certificate is exchangeable for one or more new Certificates of the same Class
and of authorized Percentage Interests evidencing a like aggregate Percentage
Interest, as requested by the Holder surrendering the same.
No service charge will be made for such registrations of transfers or
exchanges, but the Trustee may require payment of a sum sufficient to cover any
tax or other governmental charge payable in connection therewith. The Trustee
and any agent of the Trustee may treat the person in whose name this Certificate
is registered as the owner hereof for all purposes, and neither the Trustee nor
any such agent thereof shall be affected by notice to the contrary.
The obligations and responsibilities of the Depositor and the Trustee
created by the Agreement will terminate upon the earlier of (a) the purchase by
the Holder of the Class R Certificates from the Trust Fund of all remaining
Mortgage Loans and all property acquired in respect of such Mortgage Loans,
thereby effecting early retirement of the Certificates, or (b) the maturity or
other liquidation (or any advance with respect thereto) of the last Mortgage
Loan remaining in the Trust Fund and the disposition of all property acquired
upon foreclosure or deed in lieu of foreclosure of any Mortgage Loan. As
provided in the Agreement, the right to purchase all Mortgage Loans pursuant to
clause (a) above shall be conditioned upon the unpaid Principal Balances of such
Mortgage Loans, at the time of any such repurchase, aggregating less than or
equal to 5% of the aggregate Principal Balances thereof as of the Cut-off Date.
Any term used herein that is defined in the Agreement shall have the
meaning assigned in the Agreement, and nothing herein shall be deemed
inconsistent with that meaning. If the terms hereof are inconsistent with the
Agreement, the Agreement shall control.
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<PAGE>
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 Agreement or be valid or obligatory for any
purpose.
The recitals contained herein shall be taken as statements of the
Depositor and not of the Trustee. The Trustee assumes no responsibility for the
correctness of the statements contained in this Certificate and makes no
representation as to the validity or sufficiency of the Agreement, this
Certificate, any Mortgage Loan or any related document.
B-6
<PAGE>
IN WITNESS WHEREOF, the Trustee has caused this Certificate to be duly
executed under its corporate seal.
U.S BANK NATIONAL ASSOCIATION,
solely as Trustee and not individually
By:__________________________
Authorized Officer
CERTIFICATE OF AUTHENTICATION
This is one of the Certificates referred to in the within-mentioned Agreement.
Date: ___________
U.S. BANK NATIONAL ASSOCIATION,
as Trustee
By:______________________________
Authorized Officer
B-7
<PAGE>
ASSIGNMENT
FOR VALUE RECEIVED the undersigned hereby sell(s), assign(s) and
transfer(s) unto
______________________________________________________________________________
______________________________________________________________________________
(Please print or typewrite name and address, including postal zip code, or
assignee) the undivided interest in the Trust Fund evidenced by the within
Certificate and hereby authorize(s) the transfer of registration of such
interest to the assignee on the Certificate Register.
I (we) further direct the Trustee to issue a new Certificate of the same
Class and of a like Percentage Interest and undivided interest in the Trust Fund
to the above-named assignee and to deliver such Certificate to the following
address:
______________________________________________________________________________
______________________________________________________________________________
Dated: _____________________
____________________________ ____________________________________
Social Security or Signature by or on behalf of assignor
other Tax Identification (signature must be signed as
No. of Assignee registered)
____________________________________
Signature Guaranteed
DISTRIBUTION INSTRUCTIONS
The assignee should include the following for the information of the
Master Servicer:
Distribution shall be made by check mailed to _______________________
_______________________________________________________________________________,
or if the Percentage Interest within such Class is 100%, and the Trustee shall
have received appropriate wiring instructions in accordance with the Agreement,
by wire transfer in immediately available funds to __________________________
the account of _________________________, account number ____________________.
This information is provided by the assignee named above, or its agent.
B-8
<PAGE>
EXHIBIT C
FORM OF CLASS R CERTIFICATE
THIS CERTIFICATE HAS NOT BEEN AND WILL NOT BE REGISTERED UNDER THE SECURITIES
ACT OF 1933, AS AMENDED (THE "ACT"), OR THE SECURITIES LAWS OF ANY STATE AND MAY
NOT BE RESOLD OR TRANSFERRED UNLESS IT IS REGISTERED PURSUANT TO SUCH ACT AND
LAWS OR IS SOLD OR TRANSFERRED IN TRANSACTIONS THAT ARE EXEMPT FROM REGISTRATION
UNDER SUCH ACT AND UNDER APPLICABLE STATE LAW AND IS TRANSFERRED IN ACCORDANCE
WITH THE PROVISIONS OF SECTION 6.02 OF THE AGREEMENT REFERRED TO HEREIN.
SOLELY FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE IS A "RESIDUAL
INTEREST" IN A "REAL ESTATE MORTGAGE INVESTMENT CONDUIT" AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G AND 860D OF THE INTERNAL REVENUE CODE OF
1986 (THE "CODE"). THIS CERTIFICATE MAY NOT BE TRANSFERRED TO A NON-UNITED
STATES PERSON.
THIS CERTIFICATE DOES NOT REPRESENT AN INTEREST IN OR OBLIGATION OF CREDIT
SUISSE FIRST BOSTON MORTGAGE SECURITIES CORP. OR THE TRUSTEE REFERRED TO BELOW,
OR OF ANY OF THEIR AFFILIATES. THIS CERTIFICATE IS NOT GUARANTEED OR INSURED BY
ANY GOVERNMENT AGENCY OR INSTRUMENTALITY.
ANY SALE, TRANSFER OR OTHER DISPOSITION OF THIS CLASS R CERTIFICATE MAY BE MADE
ONLY IF THE PROPOSED TRANSFEREE PROVIDES A TRANSFER AFFIDAVIT TO THE TRUSTEE TO
THE EFFECT THAT (1) SUCH TRANSFEREE AGREES TO BE BOUND BY THE TERMS OF THE
AGREEMENT AND ALL RESTRICTIONS SET FORTH ON THE FACE HEREOF, (2) 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) AN ELECTING LARGE PARTNERSHIP UNDER
SECTION 775 OF THE CODE OR 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 (3) 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.
C-1
<PAGE>
NO TRANSFER OF THIS CERTIFICATE MAY BE MADE TO AN EMPLOYEE BENEFIT OR OTHER PLAN
SUBJECT TO THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974, AS AMENDED
("ERISA"), OR SECTION 4975 OF THE CODE UNLESS THE TRANSFEREE PROVIDES AN OPINION
OF COUNSEL SATISFACTORY TO THE DEPOSITOR AND THE TRUSTEE THAT THE PURCHASE OF
THIS CERTIFICATE BY OR ON BEHALF OF SUCH PLAN IS PERMISSIBLE UNDER APPLICABLE
LAW AND WILL NOT CONSTITUTE OR RESULT IN A NON-EXEMPT PROHIBITED TRANSACTION
UNDER SECTION 406 OF ERISA AND SECTION 4975 OF THE CODE.
C-2
<PAGE>
CHEVY CHASE BANK, F.S.B.
MORTGAGE-BACKED PASS-THROUGH CERTIFICATE
SERIES 1998-CCB1, CLASS R
Evidencing an undivided interest in a Trust Fund whose assets consist of a pool
of adjustable-rate, conventional mortgage loans secured by first liens on one-
to four-family, residential real properties and certain other property held in
trust transferred by
CREDIT SUISSE FIRST BOSTON MORTGAGE SECURITIES CORP.
Certificate No. R-_ 100% PERCENTAGE INTEREST
REPRESENTED BY THIS
CERTIFICATE
First Distribution Date: Scheduled Final
April 27, 1998 Distribution Date:
October 25, 2032
THIS CERTIFIES THAT _______________________________________ is the
registered owner of a beneficial interest in the Trust Fund referred to below
consisting of a pool of adjustable-rate conventional mortgage loans secured by
first liens on one- to four-family residential real properties (the "Mortgage
Loans") and certain other property held in trust transferred to the Trust Fund
by Credit Suisse First Boston Mortgage Securities Corp. (the "Depositor"), and
certain related property. The Trust Fund was created pursuant to the Pooling
and Servicing Agreement, dated as of March 1, 1998 (the "Agreement"), among the
Depositor, U.S. Bank National Association, as trustee (the "Trustee", which term
includes any successor entity under the Agreement) and Chevy Chase Bank, F.S.B.,
as seller and servicer, a summary of certain of the pertinent provisions of
which is set forth herein. This Certificate is issued under and is subject to
the terms, provisions and conditions of the Agreement, to which Agreement the
Holder of this Certificate by virtue of the acceptance hereof assents and by
which such Holder is bound.
This Certificate is one of a duly authorized issue of certificates by
Credit Suisse First Boston Mortgage Securities Corp. designated as the Chevy
Chase Bank, F.S.B. Mortgage-Backed Pass-Through Certificates, Series 1998-CCB1
(the "Certificates"), which is comprised of the following four Classes: Class A-
I, Class A-II, Class S and Class R. Reference is hereby made to the Agreement
for a statement of the respective rights thereunder of the Depositor and the
Trustee and the Holders of the Certificates and the terms upon which the
Certificates are authenticated and delivered. This Certificate represents an
interest in the Trust Fund, which Trust Fund consists of, among other things,
(i) the Mortgage Loans and all distributions thereon payable after the Cut-off
Date, net of certain amounts in accordance with the provisions of the Agreement,
(ii) the CD Collateral, (ii) REO Property, (iv) the Certificate Account and the
Custodial Account and all amounts deposited therein pursuant to the applicable
provisions of the Agreement, net of any investment earnings thereon, (v) the
interest of the Trust Fund in any insurance policies with respect to the
Mortgage Loans, (vi) the interest of the Trust Fund in the
C-3
<PAGE>
Policy issued for the benefit of the Holders of the Class A Certificates, (vii)
the rights of the Depositor assigned to the Trustee pursuant to Sections 2.01
and 3.01 of the Agreement, (viii) the Reserve Account and all amounts deposited
therein and (ix) all proceeds of the conversion, voluntary or involuntary, of
any of the foregoing into cash or other liquid property.
This Class R Certificate is not entitled to any distributions with
respect to principal or interest on the Mortgage Loans in the Trust Fund.
Not later than each Distribution Date, the Trustee will send to each
Certificateholder a statement containing information relating to the Mortgage
Loans and payments made to Certificateholders.
The Agreement permits, with certain exceptions as therein provided,
the amendment thereof and the modification of the rights and obligations of the
Depositor and the Trustee and the rights of the Certificateholders under the
Agreement at any time by the Depositor and the Trustee with the consent of the
Holders of Certificates evidencing Voting Rights aggregating not less than 66-
2/3% of the Voting Rights of all the Certificates; provided, however, that no
such amendment may (i) reduce in any manner the amount of, delay the timing of
or change the manner in which payments received on Mortgage Loans are required
to be distributed in respect of any Certificate without the consent of the
Holder of such Certificate, (ii) adversely affect in any material respect the
interests of the Holders of a Class of Certificates in a manner other than in
(i) above without the consent of the Holders of Certificates evidencing not less
than 66-2/3% of the Voting Rights of such Class or (iii) reduce the aforesaid
percentages of Voting Rights, the holders of which are required to consent to
any such amendment, without the consent of 100% of the Holders of Certificates
of the Class affected thereby. 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 Agreement also permits the Depositor
and the Trustee to amend certain terms and conditions set forth in the Agreement
without the consent of Holders of the Certificates. At any time that any of the
Class A Certificates are outstanding, 98% of all Voting Rights will be allocated
among the Holders of the Class A, in proportion to their then outstanding
Certificate Principal Balances, 1% of all Voting Rights will be allocated to the
Holders of the Class S Certificates and 1% of all Voting Rights will be
allocated to the Holders of the Class R Certificates.
As provided in the Agreement and subject to certain limitations
therein set forth, the transfer of this Certificate is registrable on the
Certificate Register upon surrender of this Certificate for registration of
transfer at the office or agency of the Trustee designated therefor, duly
endorsed by, or accompanied by a written instrument of transfer in a form
satisfactory to the Trustee duly executed by the Holder hereof or such Holder's
attorney duly authorized in writing, and thereupon one or more new Certificates
of the same Class and of authorized denominations, and for the same aggregate
interest in the Trust Fund will be issued to the designated transferee or
transferees.
The Class R Certificates will be issued in fully registered form in
minimum Percentage Interests of 20% and integral multiples thereof. As provided
in the Agreement and
C-4
<PAGE>
subject to certain limitations therein set forth, this Certificate is
exchangeable for one or more new Certificates of the same Class and of
authorized Percentage Interests evidencing a like aggregate Percentage Interest,
as requested by the Holder surrendering the same.
No service charge will be made for such registrations of transfers or
exchanges, but the Trustee may require payment of a sum sufficient to cover any
tax or other governmental charge payable in connection therewith. The Trustee
and any agent of the Trustee may treat the person in whose name this Certificate
is registered as the owner hereof for all purposes, and neither the Trustee nor
any such agent thereof shall be affected by notice to the contrary.
Pursuant to the Agreement, the Depositor will make an election to
treat the Trust REMIC as a real estate mortgage investment conduit (a "remic")
for federal income tax purposes. The Class R Certificates will be the "residual
interest" in the Trust REMIC, and all other Classes of Certificates will
constitute the "regular interests" in the Trust REMIC.
The obligations and responsibilities of the Depositor and the Trustee
created by the Agreement will terminate upon the earlier of (a) the purchase by
the Holder of the Class R Certificates from the Trust Fund of all remaining
Mortgage Loans and all property acquired in respect of such Mortgage Loans,
thereby effecting early retirement of the Certificates, or (b) the maturity or
other liquidation (or any advance with respect thereto) of the last Mortgage
Loan remaining in the Trust Fund and the disposition of all property acquired
upon foreclosure or deed in lieu of foreclosure of any Mortgage Loan. As
provided in the Agreement, the right to purchase all Mortgage Loans pursuant to
clause (a) above shall be conditioned upon the unpaid Principal Balances of such
Mortgage Loans, at the time of any such repurchase, aggregating less than or
equal to 5% of the aggregate Principal Balances thereof as of the Cut-off Date.
Any term used herein that is defined in the Agreement shall have the
meaning assigned in the Agreement, and nothing herein shall be deemed
inconsistent with that meaning. If the terms hereof are inconsistent with the
Agreement, the Agreement shall control.
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 Agreement or be valid or obligatory for any
purpose.
The recitals contained herein shall be taken as statements of the
Depositor and not of the Trustee. The Trustee assumes no responsibility for the
correctness of the statements contained in this Certificate and makes no
representation as to the validity or sufficiency of the Agreement, this
Certificate, any Mortgage Loan or any related document.
C-5
<PAGE>
IN WITNESS WHEREOF, the Trustee has caused this Certificate to be duly
executed under its corporate seal.
U.S. BANK NATIONAL ASSOCIATION, solely
as Trustee and not individually
By:__________________________
Authorized Officer
CERTIFICATE OF AUTHENTICATION
This is one of the Certificates referred to in the within-mentioned Agreement.
Date: ___________
U.S. BANK NATIONAL ASSOCIATION,
as Trustee
By:______________________________
Authorized Officer
C-6
<PAGE>
ASSIGNMENT
FOR VALUE RECEIVED the undersigned hereby sell(s), assign(s) and
transfer(s) unto
______________________________________________________________________________
______________________________________________________________________________
(Please print or typewrite name and address, including postal zip code, or
assignee) the undivided interest in the Trust Fund evidenced by the within
Certificate and hereby authorize(s) the transfer of registration of such
interest to the assignee on the Certificate Register.
I (we) further direct the Trustee to issue a new Certificate of the same
Class and of a like Percentage Interest and undivided interest in the Trust Fund
to the above-named assignee and to deliver such Certificate to the following
address:
______________________________________________________________________________
______________________________________________________________________________
Dated: _____________________
__________________________________________________________
Social Security or Signature by or on behalf of assignor
other Tax Identification (signature must be signed as
No. of Assignee registered)
______________________________
Signature Guaranteed
DISTRIBUTION INSTRUCTIONS
The assignee should include the following for the information of the
Master Servicer:
Distribution shall be made by check mailed to ______________________
______________________________________________________________________________,
or if the Percentage Interest within such Class is 100%, and the Trustee shall
have received appropriate wiring instructions in accordance with the Agreement,
by wire transfer in immediately available funds to __________________________
the account of _________________________, account number ____________________.
This information is provided by the assignee named above, or its agent.
C-7
<PAGE>
EXHIBIT D
SCHEDULE OF MORTGAGE LOANS
D-1
<PAGE>
<TABLE>
<CAPTION>
Maximum Minimum Original
Loan-no City State Zip Index Margin Int rate Int rate Term
GROUP 1 LOANS
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
1 0348839 ROCKVILLE MD 20852 01 3.750 uncapped 3.750 360
2 0522193 TEMPE AZ 85283 01 2.875 14.875 2.875 360
3 0523324 WASHINGTON DC 20008 01 3.000 14.875 3.000 360
4 0523654 WARRENTON VA 22186 01 2.750 14.875 2.750 360
5 0524272 SNELLVILLE GA 30278 01 3.625 14.875 3.625 360
6 0530410 CAPE CORAL FL 33990 01 2.750 14.875 2.750 360
7 0530725 WOODSTOCK GA 30188 01 2.750 15.875 2.750 360
8 0541540 ALEXANDRIA VA 22305 01 3.000 14.875 3.000 360
9 0571067 FORT MYERS FL 33908 01 2.875 14.875 2.875 360
10 0618462 RESTON VA 22090 01 2.875 13.875 2.875 360
11 0635268 PHOENIX AZ 85051 01 2.875 13.875 2.875 360
12 0638866 PHOENIX AZ 85018 01 2.750 13.000 2.750 360
13 0673798 VIRGINIA BE VA 23456 01 2.875 14.750 2.875 360
14 0684837 DERRY NH 3038 01 2.750 14.750 2.750 480
15 0735415 YORKTOWN VA 23692 01 2.750 13.500 2.750 360
16 0766337 ALEXANDRIA VA 22310 01 2.750 15.000 2.750 360
17 0767608 WINCHESTER VA 22601 01 2.750 13.625 2.750 360
18 0767889 FAIRFAX VA 22031 01 3.000 13.875 3.000 360
19 0768937 FAIRFAX VA 22032 01 3.000 14.500 3.000 360
20 0787457 CROWNSVILLE MD 21032 01 2.750 14.125 2.750 480
21 0837526 ALEXANDRIA VA 22310 01 2.750 15.000 2.750 360
22 0843052 FAIRFAX VA 22033 01 2.750 15.000 2.750 360
23 0867341 SALEM NH 3079 01 2.750 14.750 2.750 480
24 0870865 GAITHERSBUR MD 20879 01 2.000 12.000 2.000 360
25 0871061 GAITHERSBUR MD 20879 01 2.000 12.000 2.000 360
26 0884650 GAITHERSBUR MD 20878 01 2.750 15.875 2.750 360
27 0896696 BETHESDA MD 20817 01 2.750 14.750 2.750 480
28 0899831 FAIRFAX VA 22030 01 2.750 13.750 2.750 480
29 0913525 WASHINGTON DC 20002 01 2.750 13.875 2.750 360
30 0916536 SILVER SPRI MD 20906 01 2.750 13.500 2.750 360
31 0939991 CENTREVILLE VA 22020 01 2.750 14.750 2.750 480
32 0945303 SILVER SPRI MD 20906 01 2.750 13.875 2.750 360
33 0945733 MITCHELLVIL MD 20715 01 2.750 13.750 2.750 360
34 0949677 GERMANTOWN MD 20874 01 2.750 14.750 2.750 360
35 0964460 ANNAPOLIS MD 21403 01 2.750 13.750 2.750 480
36 0971432 RIVERDALE MD 20737 01 2.750 14.750 2.750 480
37 0973651 FORESTVILLE MD 20747 01 2.750 14.750 2.750 480
38 0975847 CHANTILLY VA 22021 01 2.750 14.750 2.750 480
39 0978668 GAITHERSBUR MD 20877 01 2.000 12.000 2.000 360
40 0978676 GAITHERSBUR MD 20879 01 2.000 12.000 2.000 360
41 0978684 GERMANTOWN MD 20874 01 2.000 12.000 2.000 360
42 0979955 CENTREVILLE VA 22020 01 2.750 14.750 2.750 480
43 0982124 LAUREL MD 20707 01 2.750 14.750 2.750 480
44 0989848 MANASSAS VA 22110 01 2.750 14.750 2.750 480
45 0990861 WASHINGTON DC 20008 01 2.750 14.750 2.750 360
46 0997296 SEVERNA PAR MD 21146 01 3.000 14.750 3.000 480
47 1003011 DAMASCUS MD 20872 01 2.750 14.750 2.750 480
48 1018175 WASHINGTON DC 20003 01 2.750 14.750 2.750 480
49 1027135 SILVER SPRI MD 20904 01 2.750 14.750 2.750 480
50 1027796 ALEXANDRIA VA 22305 01 3.000 14.750 3.000 480
51 1149392 HERNDON VA 22070 01 2.750 13.500 2.750 360
52 1158617 FAIRFAX VA 22030 01 2.750 10.250 2.750 360
53 1278233 NORFOLK VA 23508 01 2.750 10.625 2.750 360
54 1315993 SPRINGFIELD VA 22153 01 2.750 11.125 2.750 360
55 1321546 WHEATON MD 20902 01 3.000 11.875 3.000 360
</TABLE>
D-1
<PAGE>
<TABLE>
<CAPTION>
Original 03/01/98 Orig-
Remaining Principal Principal 1st due 03/01/98 inal Appraised Net
Term Bal Bal date p&i LTV Value Mtg Rate
GROUP 1 LOANS
<S> <C> <C> <C> <C> <C> <C> <C> <C>
1 159 65,250.00 50,774.64 06/01/81 556.92 90.00 72,500.00 8.070
2 213 117,600.00 100,184.31 12/01/85 914.41 78.40 150,000.00 7.320
3 212 83,500.00 71,715.79 11/01/85 661.40 73.57 113,500.00 7.445
4 212 90,000.00 76,315.68 11/01/85 692.17 90.00 100,000.00 7.195
5 32 85,950.00 77,840.78 11/01/85 754.12 90.00 95,500.00 8.195
6 212 50,100.00 42,482.52 11/01/85 385.31 79.52 63,000.00 7.195
7 212 63,400.00 53,403.13 11/01/85 484.36 94.97 66,758.00 7.195
8 215 122,500.00 104,154.18 01/01/86 946.82 95.00 128,950.00 7.320
9 215 122,400.00 104,473.49 02/01/86 941.73 80.00 153,000.00 7.195
10 224 203,000.00 175,517.65 10/01/86 1,568.20 79.61 255,000.00 7.320
11 221 120,000.00 102,364.11 08/01/86 935.61 75.00 160,000.00 7.570
12 313 25,600.00 17,911.14 04/01/87 141.12 80.00 32,000.00 7.195
13 233 143,500.00 125,854.10 08/01/87 1,128.22 84.91 169,000.00 7.570
14 365 115,600.00 117,121.94 08/01/88 908.85 89.96 128,500.00 7.445
15 302 198,200.00 186,858.95 05/01/93 1,471.81 86.29 229,700.00 7.070
16 247 136,800.00 121,699.86 10/01/88 1,036.70 95.00 144,000.00 7.195
17 251 74,100.00 65,983.46 01/01/89 553.45 93.92 78,900.00 7.070
18 250 198,000.00 177,104.81 01/01/89 1,530.13 90.00 220,000.00 7.445
19 253 191,250.00 169,946.10 05/01/89 1,459.95 90.00 212,500.00 7.445
20 362 137,250.00 138,980.38 05/01/88 1,055.70 89.71 153,000.00 7.195
21 247 182,530.00 162,382.40 10/01/88 1,383.25 92.19 198,000.00 7.195
22 245 121,600.00 107,793.72 08/01/88 938.22 95.00 128,000.00 7.445
23 367 127,800.00 123,684.46 10/01/88 936.68 90.00 142,000.00 7.195
24 278 51,000.00 46,652.41 05/01/91 325.62 34.46 148,000.00 5.320
25 280 51,000.00 46,766.11 07/01/91 325.41 71.47 71,361.00 5.320
26 255 122,450.00 110,785.73 06/01/89 959.36 95.00 128,895.00 7.570
27 395 207,000.00 199,169.74 02/01/91 1,468.00 90.00 230,000.00 7.070
28 390 194,750.00 187,589.65 09/01/90 1,419.92 95.00 205,000.00 7.320
29 259 205,200.00 181,019.36 10/01/89 1,524.83 94.13 218,000.00 7.195
30 264 103,000.00 92,031.02 03/01/90 765.14 46.19 223,000.00 7.195
31 399 199,750.00 192,553.49 06/01/91 1,451.37 85.00 235,000.00 7.320
32 269 144,000.00 131,612.71 08/01/90 1,119.40 80.00 180,000.00 7.570
33 267 213,650.00 194,780.03 06/01/90 1,660.71 94.96 225,000.00 7.570
34 278 119,000.00 109,172.64 05/01/91 882.90 94.98 125,295.00 7.070
35 391 148,000.00 142,649.92 10/01/90 1,066.36 80.00 185,000.00 7.195
36 397 134,800.00 127,894.25 05/01/91 941.28 94.93 142,000.00 7.070
37 397 68,000.00 65,419.76 04/01/91 487.62 73.12 93,000.00 7.195
38 396 160,000.00 153,867.37 03/01/91 1,133.55 83.33 192,000.00 7.070
39 276 48,500.00 44,256.47 03/01/91 309.87 68.03 71,294.00 5.320
40 276 58,000.00 52,925.46 03/01/91 370.56 37.42 155,000.00 5.320
41 276 50,500.00 46,081.30 03/01/91 322.65 49.90 101,200.00 5.320
42 398 146,300.00 140,009.90 05/01/91 1,030.45 95.00 154,000.00 7.070
43 398 117,200.00 112,689.29 05/01/91 829.37 86.18 136,000.00 7.070
44 400 199,000.00 192,082.33 07/01/91 1,482.25 78.04 255,000.00 7.570
45 277 134,900.00 123,496.13 04/01/91 1,010.04 95.00 142,000.00 7.195
46 401 208,000.00 200,927.75 08/01/91 1,568.32 94.98 219,000.00 7.695
47 402 205,650.00 198,256.37 09/01/91 1,494.14 70.91 290,000.00 7.320
48 401 178,600.00 172,686.45 08/01/91 1,316.21 95.00 188,000.00 7.445
49 402 200,000.00 193,468.60 09/01/91 1,456.31 74.07 270,000.00 7.320
50 403 209,000.00 202,274.88 10/01/91 1,521.93 95.00 220,000.00 7.320
51 297 147,000.00 138,060.55 12/01/92 1,104.51 84.00 175,000.00 7.195
52 298 149,600.00 140,021.56 01/01/93 1,107.38 80.00 187,000.00 7.070
53 310 138,750.00 128,881.41 01/01/94 870.33 75.00 185,000.00 5.445
54 312 189,000.00 177,934.08 03/01/94 1,388.12 90.00 210,000.00 7.070
55 309 152,000.00 143,447.05 12/01/93 1,158.66 95.00 160,000.00 7.445
</TABLE>
D-2
<PAGE>
<TABLE>
<CAPTION>
Lender
Property Paid CD pledge CD Convert- POOL-OUT
Type Occ MI (Y/N) Loan (Y/N) Amount ible Purp POOL-OUT
GROUP 1 LOANS
Loannum Outpool Conv-Y/N
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
1 3 1 N N N 1 0001 409,751 0348839 0 0348839 0001 N
2 1 1 N N N 1 0001 733,349 0522193 0 0522193 0001 N
3 3 1 N N N 1 0001 533,924 0523324 0 0523324 0001 N
4 1 1 N N N 2 0001 549,091 0523654 0 0523654 0001 N
5 1 1 N N N 1 0001 637,905 0524272 0 0524272 0001 N
6 1 1 N N N 1 0001 305,662 0530410 0 0530410 0001 N
7 1 1 N N N 1 0001 384,236 0530725 0 0530725 0001 N
8 2 1 N N N 1 0001 762,409 0541540 0 0541540 0001 N
9 1 1 N N N 1 0001 751,687 0571067 0 0571067 0001 N
10 1 1 N N N 2 0001 1,284,789 0618462 0 0618462 0001 N
11 1 1 N N N 1 0001 774,896 0635268 0 0635268 0001 N
12 3 1 N N Y 2 0001 128,871 0638866 0 0638866 0001 Y
13 1 1 N N N 2 0001 952,716 0673798 0 0673798 0001 N
14 1 1 N N N 1 0001 871,973 0684837 0 0684837 0001 N
15 1 1 N N Y 1 0001 1,321,093 0735415 0 0735415 0001 Y
16 5 1 N N Y 1 0001 875,630 0766337 0 0766337 0001 Y
17 1 1 N N Y 1 0001 466,503 0767608 0 0767608 0001 Y
18 2 1 N N Y 1 0001 1,318,545 0767889 0 0767889 0001 Y
19 1 1 N N Y 1 0001 1,265,249 0768937 0 0768937 0001 Y
20 1 1 N N N 1 0001 999,964 0787457 0 0787457 0001 N
21 2 1 N N Y 1 0001 1,168,341 0837526 0 0837526 0001 Y
22 2 1 N N Y 1 0001 802,524 0843052 0 0843052 0001 Y
23 1 1 N N N 1 0001 889,910 0867341 0 0867341 0001 N
24 2 1 N N Y 1 0001 248,191 0870865 0 0870865 0001 Y
25 2 3 N N Y 1 0001 248,796 0871061 0 0871061 0001 Y
26 2 1 N N Y 1 0001 838,648 0884650 0 0884650 0001 Y
27 1 1 N N Y 1 0001 1,408,130 0896696 0 0896696 0001 Y
28 1 1 N N Y 1 0001 1,373,156 0899831 0 0899831 0001 Y
29 2 1 N N Y 1 0001 1,302,434 0913525 0 0913525 0001 Y
30 1 1 N N Y 2 0001 662,163 0916536 0 0916536 0001 Y
31 1 1 N N Y 1 0001 1,409,492 0939991 0 0939991 0001 Y
32 1 1 N N Y 2 0001 996,308 0945303 0 0945303 0001 Y
33 1 1 N N Y 1 0001 1,474,485 0945733 0 0945733 0001 Y
34 3 1 N N Y 1 0001 771,851 0949677 0 0949677 0001 Y
35 5 1 N N Y 2 0001 1,026,366 0964460 0 0964460 0001 Y
36 1 1 N N Y 1 0001 904,212 0971432 0 0971432 0001 Y
37 3 1 N N Y 1 0001 470,695 0973651 0 0973651 0001 Y
38 1 1 N N Y 2 0001 1,087,842 0975847 0 0975847 0001 Y
39 2 3 N N Y 1 0001 235,444 0978668 0 0978668 0001 Y
40 1 3 N N Y 2 0001 281,563 0978676 0 0978676 0001 Y
41 2 3 N N Y 2 0001 245,153 0978684 0 0978684 0001 Y
42 1 1 N N Y 1 0001 989,870 0979955 0 0979955 0001 Y
43 2 1 N N Y 2 0001 796,713 0982124 0 0982124 0001 Y
44 1 1 N N Y 2 0001 1,454,063 0989848 0 0989848 0001 Y
45 3 1 N N Y 1 0001 888,555 0990861 0 0990861 0001 Y
46 1 1 N N Y 1 0001 1,546,139 0997296 0 0997296 0001 Y
47 1 1 N N Y 1 0001 1,451,237 1003011 0 1003011 0001 Y
48 2 1 N N Y 1 0001 1,285,651 1018175 0 1018175 0001 Y
49 1 1 N N Y 2 0001 1,416,190 1027135 0 1027135 0001 Y
50 1 1 N N Y 1 0001 1,480,652 1027796 0 1027796 0001 Y
51 1 1 N N Y 2 0001 993,346 1149392 0 1149392 0001 Y
52 1 1 N N N 1 0001 989,952 1158617 0 1158617 0001 N
53 1 1 N N Y 2 0001 701,759 1278233 0 1278233 0001 Y
54 1 1 N N Y 1 0001 1,257,994 1315993 0 1315993 0001 Y
55 3 1 N N Y 1 0001 1,067,963 1321546 0 1321546 0001 Y
</TABLE>
D-3
<PAGE>
<TABLE>
<CAPTION>
Maximum Minimum Original
Loan-no City State Zip Index Margin Int rate Int rate Term
GROUP 1 LOANS
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
56 1323450 BALTIMORE MD 21230 01 2.750 11.750 2.750 360
57 1344118 SILVER SPRI MD 20910 01 2.750 11.625 2.750 360
58 1380377 ARNOLD MD 21012 01 2.750 11.875 2.750 360
59 1391523 GLEN BURNIE MD 21061 01 3.000 11.500 3.000 360
60 1417740 ARLINGTON VA 22209 01 2.750 13.000 2.750 360
61 1426600 SILVER SPRI MD 20904 01 2.750 13.375 2.750 360
62 1428739 WASHINGTON DC 20009 01 3.000 13.500 3.000 360
63 1440080 BETHESDA MD 20814 01 3.000 13.375 3.000 360
64 1472794 WASHINGTON DC 20036 01 2.750 13.875 2.750 360
65 1473180 MIDLOTHIAN VA 23113 01 2.750 13.375 2.750 360
66 1475789 HYATTSVILLE MD 20782 01 2.750 14.500 2.750 360
67 1481043 WASHINGTON DC 20008 01 2.750 14.625 2.750 360
68 1482876 LARGO MD 20772 01 2.750 14.875 2.750 360
69 1506575 WASHINGTON DC 20001 01 2.750 14.125 2.750 360
70 1521335 ANNAPOLIS MD 21401 01 2.750 13.375 2.750 360
71 1529270 TAKOMA PARK MD 20912 01 2.750 13.375 2.750 360
72 1532563 WASHINGTON DC 20009 01 2.750 13.250 2.750 360
73 1545110 WASHINGTON DC 20016 01 2.750 13.375 2.750 360
74 1555960 CAPITOL HEI MD 20743 01 2.750 12.625 2.750 360
75 1563139 FALLS CHURC VA 22046 01 2.750 13.000 2.750 360
76 1566264 PORTSMOUTH VA 23707 01 2.750 11.500 2.750 360
77 1569763 WASHINGTON DC 20009 01 2.750 12.750 2.750 360
78 1573997 FALLS CHURC VA 22046 01 2.750 12.625 2.750 360
79 1595271 WASHINGTON DC 20008 01 2.750 13.125 2.750 360
80 1595750 VIENNA VA 22180 01 2.750 12.500 2.750 360
81 1601061 ALEXANDRIA VA 22315 01 2.750 12.625 2.750 360
82 1604792 GAITHERSBUR MD 20879 01 2.750 11.625 2.750 360
83 1608355 LANDOVER MD 20785 01 2.750 11.875 2.750 360
84 1608421 WASHINGTON DC 20016 01 2.750 13.750 2.750 360
85 1611722 VIENNA VA 22180 01 2.750 13.250 2.750 360
86 1618669 SALEM VA 24253 01 2.750 13.125 2.750 360
87 1619204 FORT WASHIN MD 20744 01 2.750 13.125 2.750 360
88 1621119 KENSINGTON MD 20895 01 2.750 13.875 2.750 360
89 1629013 WASHINGTON DC 20003 01 2.750 13.500 2.750 360
90 1632744 CHARLOTTE NC 28209 01 2.750 13.125 2.750 360
91 1633296 VIENNA VA 22181 01 2.750 12.125 2.750 360
92 1634260 WASHINGTON DC 20008 01 2.750 13.500 2.750 360
93 1635085 KITTY HAWK NC 27949 01 2.875 13.250 2.875 360
94 1635994 WILMINGTON NC 28409 01 2.750 12.250 2.750 360
95 1637958 GAITHERSBUR MD 20882 01 2.750 13.375 2.750 360
96 1638741 BALTIMORE MD 21234 01 2.750 13.375 2.750 360
97 1639236 WINSTON-SAL NC 27103 01 2.750 14.250 2.750 360
98 1640945 CLEMMONS NC 27012 01 2.750 13.875 2.750 360
99 1642230 EASLEY SC 29640 01 2.750 13.750 2.750 360
100 1643568 RICHMOND VA 23221 01 2.750 13.750 2.750 360
101 1644392 WASHINGTON DC 20009 01 2.750 13.625 2.750 360
102 1647403 STERLING VA 20165 01 2.750 13.750 2.750 360
103 1655398 BURKE VA 22015 01 2.750 13.750 2.750 360
104 1657402 COLLEGE PAR MD 20740 01 2.750 13.625 2.750 360
105 1660638 RALEIGH NC 27606 01 2.750 13.750 2.750 360
106 1661198 SPARTANBURG SC 29302 01 2.750 14.000 2.750 360
107 1661271 BALTIMORE MD 21224 01 2.750 13.750 2.750 360
108 1663665 RICHMOND VA 23236 01 2.875 13.750 2.875 360
109 1664929 WASHINGTON DC 20008 01 2.750 13.625 2.750 360
110 1665090 ELLICOTT CI MD 21043 01 2.750 14.000 2.750 360
111 1666429 CHARLOTTE NC 28203 01 3.000 12.250 3.000 360
112 1669944 CLEMMONS NC 27012 01 2.875 12.250 2.875 360
113 1671312 NOKESVILLE VA 22123 01 2.875 13.750 2.875 360
114 1672427 WASHINGTON DC 20037 01 2.875 13.375 2.875 360
115 1687383 ANGIER NC 27501 01 2.875 13.125 2.875 360
</TABLE>
D-4
<PAGE>
<TABLE>
<CAPTION>
Original 03/01/98 Orig-
Remaining Principal Principal 1st due 03/01/98 inal Appraised Net
Term Bal Bal date p&i LTV Value Mtg Rate
GROUP 1 LOANS
<S> <C> <C> <C> <C> <C> <C> <C> <C>
56 310 67,500.00 63,414.01 01/01/94 497.22 73.37 92,000.00 7.070
57 311 180,000.00 170,150.72 02/01/94 1,328.63 90.00 200,000.00 7.070
58 313 156,000.00 148,035.10 04/01/94 1,116.55 75.36 207,000.00 6.695
59 314 187,150.00 179,237.24 05/01/94 1,426.16 95.00 197,000.00 7.320
60 317 90,400.00 86,879.27 08/01/94 696.94 80.00 113,000.00 7.445
61 317 121,500.00 116,828.31 08/01/94 937.20 90.00 135,000.00 7.445
62 317 142,500.00 134,981.20 09/01/94 1,096.50 95.00 150,000.00 7.570
63 318 179,550.00 173,110.45 09/01/94 1,402.44 95.00 189,000.00 7.570
64 322 200,000.00 193,939.13 01/01/95 1,499.60 80.00 250,000.00 7.070
65 322 151,000.00 146,015.68 01/01/95 1,129.04 95.00 158,950.00 7.070
66 321 105,000.00 101,855.40 01/01/95 787.81 85.37 123,000.00 7.070
67 324 142,025.00 138,477.53 03/01/95 1,068.94 95.00 149,500.00 7.070
68 326 94,500.00 91,821.83 05/01/95 693.41 90.00 105,000.00 6.820
69 327 95,000.00 92,419.96 06/01/95 697.08 95.00 100,000.00 6.820
70 331 137,200.00 133,671.69 10/01/95 947.61 91.47 150,000.00 6.195
71 341 85,000.00 83,594.87 08/01/96 579.85 68.00 125,000.00 6.070
72 335 212,700.00 207,468.54 02/01/96 1,361.95 94.99 223,909.00 5.445
73 332 161,000.00 156,662.04 11/01/95 1,071.14 89.44 180,000.00 5.820
74 337 113,000.00 110,448.78 04/01/96 723.56 77.93 145,000.00 5.445
75 336 164,500.00 160,796.63 03/01/96 1,080.65 79.85 206,000.00 5.695
76 336 57,150.00 55,709.56 03/01/96 425.91 90.00 63,500.00 7.070
77 336 207,800.00 203,011.79 03/01/96 1,347.79 88.24 235,500.00 5.570
78 336 198,000.00 191,967.24 03/01/96 1,187.12 90.00 220,000.00 4.820
79 338 192,500.00 188,718.19 05/01/96 1,296.91 77.00 250,000.00 5.945
80 338 174,250.00 170,402.59 05/01/96 1,101.38 85.00 205,000.00 5.320
81 338 200,700.00 196,569.90 06/01/96 1,285.11 90.00 223,000.00 5.445
82 339 165,000.00 161,507.27 06/01/96 1,162.95 78.57 210,000.00 6.445
83 338 105,000.00 102,795.14 05/01/96 758.25 89.74 117,000.00 6.695
84 341 174,000.00 171,387.11 08/01/96 1,246.56 80.00 217,500.00 6.570
85 340 141,000.00 137,698.82 07/01/96 902.84 64.09 220,000.00 5.445
86 339 184,000.00 180,213.50 06/01/96 1,178.18 82.14 224,000.00 5.445
87 340 135,000.00 132,592.87 07/01/96 909.53 75.00 180,000.00 5.945
88 340 156,750.00 154,085.01 07/01/96 1,082.64 95.00 165,000.00 6.195
89 340 103,500.00 96,129.83 07/01/96 723.69 90.00 115,000.00 6.320
90 341 103,000.00 101,118.98 08/01/96 693.94 76.30 135,000.00 5.945
91 341 186,000.00 182,692.00 08/01/96 1,375.69 86.51 215,000.00 6.945
92 341 60,300.00 58,486.19 08/01/96 421.63 90.00 67,000.00 6.320
93 344 104,550.00 103,711.82 06/01/97 713.22 89.97 116,200.00 6.070
94 340 207,000.00 202,244.19 07/01/96 1,370.78 90.00 230,000.00 5.820
95 341 158,400.00 155,843.33 08/01/96 1,094.03 80.00 198,000.00 6.195
96 342 112,000.00 110,287.93 09/01/96 773.56 80.00 140,000.00 6.195
97 341 76,000.00 74,773.17 08/01/96 524.92 95.00 80,000.00 6.195
98 342 149,600.00 144,041.02 09/01/96 1,058.86 80.00 187,000.00 6.445
99 342 107,000.00 105,478.42 09/01/96 766.57 89.17 120,000.00 6.570
100 343 101,600.00 100,037.22 10/01/96 727.88 80.00 127,000.00 6.570
101 340 153,900.00 150,773.28 08/01/96 1,023.91 90.00 171,000.00 5.820
102 342 140,000.00 138,009.34 09/01/96 1,002.98 80.00 175,000.00 6.570
103 342 92,800.00 91,453.30 09/01/96 664.84 80.00 116,000.00 6.570
104 342 108,000.00 106,210.28 09/01/96 755.16 75.00 144,000.00 6.320
105 343 135,000.00 133,097.49 10/01/96 943.94 87.66 154,000.00 6.320
106 344 113,500.00 111,919.64 11/01/96 774.28 94.98 119,500.00 6.070
107 342 71,600.00 70,323.21 09/01/96 500.64 74.97 95,500.00 6.320
108 342 141,550.00 139,063.49 10/01/96 1,001.89 96.62 146,500.00 6.445
109 343 117,750.00 116,130.17 10/01/96 833.43 75.00 157,000.00 6.445
110 342 206,400.00 203,604.48 09/01/96 1,514.50 94.98 217,300.00 6.820
111 347 101,200.00 99,874.04 02/01/97 757.39 94.13 107,514.00 7.070
112 343 103,500.00 101,651.80 10/01/96 637.27 90.00 115,000.00 5.070
113 343 187,600.00 185,019.22 10/01/96 1,327.83 94.99 197,500.00 6.445
114 343 165,600.00 162,842.89 10/01/96 1,060.36 90.00 184,000.00 5.445
115 346 96,750.00 95,450.08 01/01/97 627.52 90.00 107,500.00 5.570
</TABLE>
D-5
<PAGE>
<TABLE>
<CAPTION>
Lender
Property Paid CD pledge CD Convert- POOL-OUT
Type Occ MI (Y/N) Loan (Y/N) Amount ible Purp POOL-OUT
GROUP 1 LOANS
Loannum Outpool Conv-Y/N
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
56 2 1 N N Y 2 0001 448,337 1323450 0 1323450 0001 Y
57 1 1 N N Y 1 0001 1,202,966 1344118 0 1344118 0001 Y
58 1 1 N N Y 2 0001 991,095 1380377 0 1380377 0001 Y
59 1 1 N N Y 1 0001 1,312,017 1391523 0 1391523 0001 Y
60 3 1 N N Y 2 0001 646,816 1417740 0 1417740 0001 Y
61 3 1 N N Y 2 0001 869,787 1426600 0 1426600 0001 Y
62 3 1 N N Y 1 0001 1,021,808 1428739 0 1428739 0001 Y
63 1 1 N N Y 1 0001 1,310,446 1440080 0 1440080 0001 Y
64 2 1 N N Y 1 0001 1,371,150 1472794 0 1472794 0001 Y
65 1 1 N N Y 1 0001 1,032,331 1473180 0 1473180 0001 Y
66 1 1 N N Y 2 0001 720,118 1475789 0 1475789 0001 Y
67 3 1 N N Y 1 0001 979,036 1481043 0 1481043 0001 Y
68 2 1 N N Y 1 0001 626,225 1482876 0 1482876 0001 Y
69 2 1 N N Y 1 0001 630,304 1506575 0 1506575 0001 Y
70 3 1 N N Y 1 0001 828,096 1521335 0 1521335 0001 Y
71 1 1 N N Y 3 0001 507,421 1529270 0 1529270 0001 Y
72 3 1 N N Y 1 0001 1,129,666 1532563 0 1532563 0001 Y
73 3 1 N N Y 2 0001 911,773 1545110 0 1545110 0001 Y
74 1 1 N N Y 3 0001 601,394 1555960 0 1555960 0001 Y
75 1 1 N N Y 3 0001 915,737 1563139 0 1563139 0001 Y
76 1 1 N N Y 3 0001 393,867 1566264 0 1566264 0001 Y
77 3 1 N N Y 3 0001 1,130,776 1569763 0 1569763 0001 Y
78 1 1 N N Y 3 0001 925,282 1573997 0 1573997 0001 Y
79 3 1 N N Y 2 0001 1,121,930 1595271 0 1595271 0001 Y
80 1 1 N N Y 1 0001 906,542 1595750 0 1595750 0001 Y
81 2 1 N N Y 3 0001 1,070,323 1601061 0 1601061 0001 Y
82 1 1 N N Y 3 0001 1,040,914 1604792 0 1604792 0001 Y
83 2 2 N N Y 3 0001 688,213 1608355 0 1608355 0001 Y
84 1 1 N N Y 1 0001 1,126,013 1608421 0 1608421 0001 Y
85 1 1 N N Y 3 0001 749,770 1611722 0 1611722 0001 Y
86 1 1 N N Y 3 0001 981,263 1618669 0 1618669 0001 Y
87 1 1 N N Y 3 0001 788,265 1619204 0 1619204 0001 Y
88 1 1 N N Y 1 0001 954,557 1621119 0 1621119 0001 Y
89 3 1 N N Y 2 0001 607,541 1629013 0 1629013 0001 Y
90 3 1 N N Y 1 0001 601,152 1632744 0 1632744 0001 Y
91 2 2 N N Y 3 0001 1,268,796 1633296 0 1633296 0001 Y
92 3 1 N N Y 1 0001 369,633 1634260 0 1634260 0001 Y
93 1 1 N N Y 1 0001 629,531 1635085 0 1635085 0001 Y
94 1 1 N N Y 1 0001 1,177,061 1635994 0 1635994 0001 Y
95 1 1 N N Y 3 0001 965,449 1637958 0 1637958 0001 Y
96 1 1 N N Y 1 0001 683,234 1638741 0 1638741 0001 Y
97 1 1 N N Y 1 0001 463,220 1639236 0 1639236 0001 Y
98 1 1 N N Y 1 0001 928,344 1640945 0 1640945 0001 Y
99 1 1 N N Y 3 0001 692,993 1642230 0 1642230 0001 Y
100 1 1 N N Y 3 0001 657,245 1643568 0 1643568 0001 Y
101 3 1 N N Y 1 0001 877,500 1644392 0 1644392 0001 Y
102 2 1 N N Y 3 0001 906,721 1647403 0 1647403 0001 Y
103 2 1 N N Y 3 0001 600,848 1655398 0 1655398 0001 Y
104 1 1 N N Y 2 0001 671,249 1657402 0 1657402 0001 Y
105 1 1 N N Y 3 0001 841,176 1660638 0 1660638 0001 Y
106 1 1 N N Y 1 0001 679,352 1661198 0 1661198 0001 Y
107 1 1 N N Y 3 0001 444,443 1661271 0 1661271 0001 Y
108 1 1 N N Y 1 0001 896,264 1663665 0 1663665 0001 Y
109 3 1 N N Y 3 0001 748,459 1664929 0 1664929 0001 Y
110 1 1 N N Y 1 0001 1,388,583 1665090 0 1665090 0001 Y
111 2 1 N N Y 1 0001 706,109 1666429 0 1666429 0001 Y
112 1 1 N N Y 1 0001 515,375 1669944 0 1669944 0001 Y
113 1 1 N N Y 1 0001 1,192,449 1671312 0 1671312 0001 Y
114 3 1 N N Y 1 0001 886,680 1672427 0 1672427 0001 Y
115 1 1 N N Y 1 0001 531,657 1687383 0 1687383 0001 Y
</TABLE>
D-6
<PAGE>
<TABLE>
<CAPTION>
Maximum Minimum Original
Loan-no City State Zip Index Margin Int rate Int rate Term
GROUP 1 LOANS
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
116 1697606 LAUREL MD 20724 01 2.875 13.000 2.875 360
117 1704899 ASHBURN VA 20147 01 2.875 13.250 2.875 360
118 1708379 CLIFTON VA 20124 01 2.875 12.750 2.875 360
119 1711415 WASHINGTON DC 20024 01 2.875 13.625 2.875 360
120 1723204 GAITHERSBUR MD 20878 01 2.875 12.250 2.875 360
121 1725357 ARLINGTON VA 22204 01 2.875 13.500 2.875 360
122 1733484 CLIFTON VA 20124 01 2.875 12.750 2.875 360
123 1733773 ROCKVILLE MD 20852 01 2.875 12.500 2.875 360
124 1733906 FREDERICK MD 21702 01 2.875 13.250 2.875 360
125 1737147 VIENNA VA 22182 01 2.875 12.250 2.875 360
126 1737303 NEWPORT NEW VA 23602 01 2.875 11.750 2.875 360
127 1737634 ARLINGTON VA 22203 01 2.875 13.250 2.875 360
128 1738053 OAKTON VA 22124 01 2.875 13.250 2.875 360
129 1738715 WASHINGTON DC 20012 01 2.875 12.750 2.875 360
130 1740901 MILLERSVILL MD 21108 01 2.875 12.875 2.875 360
131 1740976 ANNAPOLIS MD 21403 01 2.875 13.250 2.875 360
132 1742584 POTOMAC MD 20854 01 2.875 12.750 2.875 360
133 1742618 WASHINGTON DC 20015 01 2.875 13.125 2.875 360
134 1742899 CLARKSVILLE MD 21029 01 2.875 12.250 2.875 360
135 1743657 WASHINGTON DC 20015 01 2.875 13.125 2.875 360
136 1743947 OCEAN CITY MD 21842 01 2.875 13.000 2.875 360
137 1744994 ODENTON MD 21113 01 2.875 12.875 2.875 360
138 1745728 NEWPORT NEW VA 23602 01 2.875 12.375 2.875 360
139 1746551 RESTON VA 20194 01 2.875 12.875 2.875 360
140 1746809 ROCKVILLE MD 20852 01 2.875 13.250 2.875 360
141 1746825 WASHINGTON DC 20008 01 2.875 12.875 2.875 360
142 1746932 WOODSTOCK MD 21163 01 2.875 13.000 2.875 360
143 1747468 WARRENTON VA 20187 01 2.875 12.500 2.875 360
144 1747757 CENTREVILLE VA 20120 01 2.875 12.875 2.875 360
145 1747906 WASHINGTON DC 20007 01 2.875 12.875 2.875 360
146 1747914 WASHINGTON DC 20016 01 2.875 13.125 2.875 360
147 1748664 ST MICHAELS MD 21663 01 2.875 13.000 2.875 360
148 1749159 BETHESDA MD 20814 01 2.875 13.125 2.875 360
149 1749175 CHEVY CHASE MD 20815 01 2.875 12.625 2.875 360
150 1749332 ANNAPOLIS MD 21405 01 2.875 13.125 2.875 360
151 1749621 ALEXANDRIA VA 22312 01 3.000 12.625 3.000 360
152 1749647 WILMINGTON NC 28405 01 2.875 13.000 2.875 360
153 1749779 BETHESDA MD 20816 01 2.875 12.875 2.875 360
154 1749795 POTOMAC MD 20854 01 2.875 12.875 2.875 360
155 1749886 COLUMBIA MD 21045 01 2.875 12.625 2.875 360
156 1750710 ARLINGTON VA 22201 01 2.875 12.625 2.875 360
157 1750876 FREDERICK MD 21703 01 2.875 13.000 2.875 360
158 1751049 WASHINGTON DC 20007 01 2.875 12.000 2.875 360
159 1751387 GAINESVILLE VA 20155 01 2.875 13.000 2.875 360
160 1751437 WASHINGTON DC 20007 01 2.875 12.750 2.875 360
161 1751452 WASHINGTON DC 20007 01 2.875 12.875 2.875 360
162 1751478 WASHINGTON DC 20007 01 2.875 13.000 2.875 360
163 1751726 SILVER SPRI MD 20906 01 2.875 12.500 2.875 360
164 1752252 ALEXANDRIA VA 22315 01 2.875 12.875 2.875 360
165 1752500 COLUMBIA MD 21045 01 2.875 12.875 2.875 360
166 1753151 NORTH POTOM MD 20878 01 2.875 11.875 2.875 360
167 1753342 GAITHERSBUR MD 20878 01 3.000 12.125 3.000 360
168 1753995 CROFTON MD 21114 01 2.875 12.750 2.875 360
169 1754159 CHEVY CHASE MD 20815 01 2.875 13.125 2.875 360
170 1754738 BOWIE MD 20715 01 2.875 11.500 2.875 360
171 1755651 KENSINGTON MD 20895 01 2.875 12.875 2.875 360
172 1756113 HAYMARKET VA 20169 01 2.875 12.750 2.875 360
173 1756717 ARLINGTON VA 22204 01 2.875 12.750 2.875 360
174 1757079 GREAT FALLS VA 22066 01 2.875 12.750 2.875 360
175 1757699 ROCKVILLE MD 20852 01 2.875 13.125 2.875 360
</TABLE>
D-7
<PAGE>
<TABLE>
<CAPTION>
Original 03/01/98 Orig-
Remaining Principal Principal 1st due 03/01/98 inal Appraised Net
Term Bal Bal date p&i LTV Value Mtg Rate
GROUP 1 LOANS
<S> <C> <C> <C> <C> <C> <C> <C> <C>
116 347 139,000.00 137,342.83 02/01/97 924.78 89.97 154,500.00 5.820
117 349 123,750.00 122,522.88 04/01/97 833.73 75.00 165,000.00 5.945
118 356 406,350.00 404,580.90 11/01/97 2,635.58 79.99 507,973.00 5.570
119 350 86,450.00 85,594.62 05/01/97 575.16 95.00 91,000.00 5.820
120 357 312,900.00 312,004.68 01/01/98 1,926.58 85.00 368,132.00 5.070
121 352 95,000.00 94,340.96 07/01/97 664.26 95.00 100,000.00 6.320
122 355 259,000.00 257,630.12 10/01/97 1,679.87 79.20 327,000.00 5.570
123 358 232,777.00 232,142.28 01/01/98 1,471.31 80.00 290,972.00 5.320
124 353 193,650.00 192,415.56 08/01/97 1,321.04 94.98 203,880.00 6.070
125 354 277,600.00 275,566.19 09/01/97 1,731.87 79.97 347,130.00 5.070
126 357 110,300.00 109,754.17 12/01/97 583.72 80.00 137,875.00 3.695
127 354 229,900.00 228,494.52 09/01/97 1,568.33 95.00 242,000.00 6.070
128 354 250,000.00 248,609.77 09/01/97 1,705.45 65.45 382,000.00 6.070
129 358 224,100.00 223,485.28 01/01/98 1,453.51 90.00 249,000.00 5.570
130 354 189,000.00 187,869.20 09/01/97 1,241.60 73.54 257,000.00 5.695
131 355 620,000.00 617,053.80 10/01/97 4,229.50 80.00 775,000.00 6.070
132 354 395,000.00 392,930.52 10/01/97 2,561.97 75.24 525,000.00 5.570
133 355 261,250.00 259,113.06 10/01/97 1,760.09 95.00 275,000.00 5.945
134 354 199,920.00 198,766.88 10/01/97 1,230.95 80.00 249,900.00 5.070
135 353 271,200.00 269,654.52 09/01/97 1,827.13 80.00 339,000.00 5.945
136 354 110,900.00 110,252.37 09/01/97 737.83 58.06 191,000.00 5.820
137 355 146,400.00 145,651.36 10/01/97 961.75 80.00 183,000.00 5.695
138 356 80,000.00 56,256.57 11/01/97 499.10 42.11 190,000.00 5.195
139 356 234,650.00 233,854.63 12/01/97 1,541.49 95.00 247,000.00 5.695
140 355 293,880.00 292,483.53 10/01/97 2,004.78 93.30 315,000.00 6.070
141 355 572,000.00 569,075.05 10/01/97 3,757.64 80.00 715,000.00 5.695
142 356 113,600.00 113,128.92 11/01/97 755.79 80.00 142,000.00 5.820
143 356 230,000.00 228,949.04 11/01/97 1,453.76 59.74 385,000.00 5.320
144 355 348,000.00 346,220.47 10/01/97 2,286.12 74.84 465,000.00 5.695
145 354 550,000.00 547,187.56 10/01/97 3,613.11 67.07 820,000.00 5.695
146 355 380,000.00 378,149.38 10/01/97 2,560.14 69.09 550,000.00 5.945
147 357 240,000.00 239,206.17 12/01/97 1,596.73 80.00 300,000.00 5.820
148 354 450,175.00 447,982.65 10/01/97 3,032.92 75.03 600,000.00 5.945
149 356 500,000.00 497,769.79 11/01/97 3,201.56 80.00 625,000.00 5.445
150 356 280,000.00 278,867.02 11/01/97 1,886.42 80.00 350,000.00 5.945
151 355 224,000.00 223,000.88 11/01/97 1,434.30 80.00 280,000.00 5.445
152 357 348,750.00 347,596.45 12/01/97 2,320.25 75.00 465,000.00 5.820
153 356 167,250.00 166,539.32 11/01/97 1,098.72 45.82 365,000.00 5.695
154 356 700,000.00 697,025.65 11/01/97 4,598.51 51.85 1,350,000.00 5.695
155 355 144,842.00 144,195.94 11/01/97 927.44 95.00 152,465.00 5.445
156 355 187,200.00 186,364.98 11/01/97 1,198.67 90.00 208,000.00 5.445
157 358 193,800.00 193,320.63 01/01/98 1,289.36 95.00 204,000.00 5.820
158 356 520,000.00 517,913.74 12/01/97 3,117.67 80.00 650,000.00 4.820
159 356 113,000.00 112,531.41 11/01/97 751.80 44.31 255,000.00 5.820
160 356 750,000.00 746,734.78 11/01/97 4,864.49 62.50 1,200,000.00 5.570
161 355 500,000.00 497,875.46 11/01/97 3,284.65 59.52 840,000.00 5.695
162 356 304,800.00 303,536.09 11/01/97 2,027.85 79.17 385,000.00 5.820
163 358 240,000.00 239,345.55 01/01/98 1,516.97 80.00 300,000.00 5.320
164 356 141,600.00 140,998.29 11/01/97 930.22 80.00 177,000.00 5.695
165 355 103,550.00 103,020.50 10/01/97 680.25 95.00 109,000.00 5.695
166 356 252,000.00 250,702.71 11/01/97 1,490.68 61.92 407,000.00 4.695
167 358 247,100.00 246,618.43 02/01/98 1,501.41 79.99 308,896.00 4.945
168 357 200,000.00 199,305.37 12/01/97 1,297.20 80.00 250,000.00 5.570
169 356 370,000.00 368,805.88 12/01/97 2,492.76 59.68 620,000.00 5.945
170 357 150,000.00 149,338.71 12/01/97 851.69 70.75 212,000.00 4.320
171 358 90,000.00 89,771.86 01/01/98 591.24 39.56 227,500.00 5.695
172 356 169,400.00 168,662.48 11/01/97 1,098.73 70.58 240,000.00 5.570
173 357 145,000.00 144,496.40 12/01/97 940.47 89.51 161,990.00 5.570
174 359 276,300.00 275,470.14 02/01/98 1,792.08 90.00 307,000.00 5.570
175 357 262,600.00 261,406.73 12/01/97 1,769.19 79.58 330,000.00 5.945
</TABLE>
D-8
<PAGE>
<TABLE>
<CAPTION>
Lender
Property Paid CD pledge CD Convert- POOL-OUT
Type Occ MI (Y/N) Loan (Y/N) Amount ible Purp POOL-OUT
GROUP 1 LOANS
Loannum Outpool Conv-Y/N
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
116 2 1 N N Y 3 0001 799,335 1697606 0 1697606 0001 Y
117 2 1 N N Y 1 0001 728,399 1704899 0 1704899 0001 Y
118 1 1 N N Y 1 0001 2,253,516 1708379 0 1708379 0001 Y
119 3 1 N N Y 1 0001 498,161 1711415 0 1711415 0001 Y
120 1 1 N N Y 1 0001 1,581,864 1723204 0 1723204 0001 Y
121 2 1 N N Y 1 0001 596,235 1725357 0 1725357 0001 Y
122 1 1 N N Y 1 0001 1,435,000 1733484 0 1733484 0001 Y
123 2 1 N N Y 1 0001 1,234,997 1733773 0 1733773 0001 Y
124 1 1 N N Y 1 0001 1,167,962 1733906 0 1733906 0001 Y
125 2 1 N N Y 1 0001 1,397,121 1737147 0 1737147 0001 Y
126 1 1 N N Y 1 0001 405,542 1737303 0 1737303 0001 Y
127 1 1 N N Y 1 0001 1,386,962 1737634 0 1737634 0001 Y
128 1 1 N N Y 3 0001 1,509,061 1738053 0 1738053 0001 Y
129 1 1 N N Y 1 0001 1,244,813 1738715 0 1738715 0001 Y
130 1 1 N N Y 3 0001 1,069,915 1740901 0 1740901 0001 Y
131 1 1 N N Y 1 0001 3,745,517 1740976 0 1740976 0001 Y
132 1 1 N N Y 3 0001 2,188,623 1742584 0 1742584 0001 Y
133 2 1 N N Y 1 0001 1,540,427 1742618 0 1742618 0001 Y
134 1 1 N N Y 1 0001 1,007,748 1742899 0 1742899 0001 Y
135 1 1 N N Y 1 0001 1,603,096 1743657 0 1743657 0001 Y
136 3 1 N N Y 2 0001 641,669 1743947 0 1743947 0001 Y
137 1 1 N N Y 3 0001 829,484 1744994 0 1744994 0001 Y
138 1 1 N N Y 1 0001 292,253 1745728 0 1745728 0001 Y
139 1 1 N N Y 1 0001 1,331,802 1746551 0 1746551 0001 Y
140 2 1 N N Y 3 0001 1,775,375 1746809 0 1746809 0001 Y
141 1 1 N N Y 3 0001 3,240,882 1746825 0 1746825 0001 Y
142 1 1 N N Y 1 0001 658,410 1746932 0 1746932 0001 Y
143 1 1 N N Y 1 0001 1,218,009 1747468 0 1747468 0001 Y
144 1 1 N N Y 3 0001 1,971,726 1747757 0 1747757 0001 Y
145 1 1 N N Y 3 0001 3,116,233 1747906 0 1747906 0001 Y
146 1 1 N N Y 3 0001 2,248,098 1747914 0 1747914 0001 Y
147 1 1 N N Y 1 0001 1,392,180 1748664 0 1748664 0001 Y
148 1 1 N N Y 2 0001 2,663,257 1749159 0 1749159 0001 Y
149 1 1 N N Y 1 0001 2,710,357 1749175 0 1749175 0001 Y
150 1 1 N N Y 1 0001 1,657,864 1749332 0 1749332 0001 Y
151 1 1 N N Y 1 0001 1,214,240 1749621 0 1749621 0001 Y
152 1 1 N N Y 3 0001 2,023,011 1749647 0 1749647 0001 Y
153 1 1 N N Y 3 0001 948,441 1749779 0 1749779 0001 Y
154 1 1 N N Y 3 0001 3,969,561 1749795 0 1749795 0001 Y
155 1 1 N N Y 1 0001 785,147 1749886 0 1749886 0001 Y
156 1 1 N N Y 1 0001 1,014,757 1750710 0 1750710 0001 Y
157 1 1 N N Y 1 0001 1,125,126 1750876 0 1750876 0001 Y
158 1 1 N N Y 1 0001 2,496,344 1751049 0 1751049 0001 Y
159 1 1 N N Y 2 0001 654,933 1751387 0 1751387 0001 Y
160 1 1 N N Y 2 0001 4,159,313 1751437 0 1751437 0001 Y
161 1 1 N N Y 3 0001 2,835,401 1751452 0 1751452 0001 Y
162 2 1 N N Y 3 0001 1,766,580 1751478 0 1751478 0001 Y
163 1 1 N N Y 1 0001 1,273,318 1751726 0 1751726 0001 Y
164 2 1 N N Y 3 0001 802,985 1752252 0 1752252 0001 Y
165 1 1 N N Y 1 0001 586,702 1752500 0 1752500 0001 Y
166 1 1 N N Y 3 0001 1,177,049 1753151 0 1753151 0001 Y
167 1 1 N N Y 1 0001 1,219,528 1753342 0 1753342 0001 Y
168 1 1 N N Y 1 0001 1,110,131 1753995 0 1753995 0001 Y
169 1 1 N N Y 3 0001 2,192,551 1754159 0 1754159 0001 Y
170 1 1 N N Y 2 0001 645,143 1754738 0 1754738 0001 Y
171 1 1 N N Y 1 0001 511,251 1755651 0 1755651 0001 Y
172 1 1 N N Y 3 0001 939,450 1756113 0 1756113 0001 Y
173 1 1 N N Y 1 0001 804,845 1756717 0 1756717 0001 Y
174 1 1 N N Y 1 0001 1,534,369 1757079 0 1757079 0001 Y
175 1 1 N N Y 3 0001 1,554,063 1757699 0 1757699 0001 Y
</TABLE>
D-9
<PAGE>
<TABLE>
<CAPTION>
Maximum Minimum Original
Loan-no City State Zip Index Margin Int rate Int rate Term
GROUP 1 LOANS
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
176 1757707 WASHINGTON DC 20007 01 2.875 11.625 2.875 360
177 1758267 ANNAPOLIS MD 21401 01 2.875 12.750 2.875 360
178 1758325 ARLINGTON VA 22205 01 2.875 12.375 2.875 360
179 1759448 BETHESDA MD 20814 01 2.875 12.750 2.875 360
180 1760388 WASHINGTON DC 20016 01 2.875 12.875 2.875 360
181 1760727 GAITHERSBUR MD 20878 01 2.875 12.875 2.875 360
182 1760867 OAKTON VA 22124 01 3.000 12.875 3.000 360
183 1761527 HAGERSTOWN MD 21740 01 2.875 12.000 2.875 360
184 1761758 DAMASCUS MD 20872 01 2.875 12.625 2.875 360
185 1762665 VIENNA VA 22180 01 2.875 12.625 2.875 360
186 1762822 GREAT FALLS VA 22066 01 2.875 13.625 2.875 360
187 1762905 CLARKSVILLE MD 21029 01 2.875 12.375 2.875 360
188 1762988 ALEXANDRIA VA 22304 01 3.000 13.250 3.000 360
189 1763697 WASHINGTON DC 20007 01 2.875 12.375 2.875 360
190 1763754 BETHESDA MD 20817 01 2.875 12.625 2.875 360
191 1764422 STERLING VA 20165 01 2.875 12.750 2.875 360
192 1765080 FALLS CHURC VA 22046 01 2.875 12.875 2.875 360
193 1765098 NEWPORT NEW VA 23602 01 2.875 12.875 2.875 360
194 1765494 BETHESDA MD 20814 01 2.875 12.500 2.875 360
195 1766104 STERLING VA 20165 01 2.875 12.875 2.875 360
196 1766336 CLIFTON VA 20124 01 2.875 12.125 2.875 360
197 1766427 GAINESVILLE VA 20155 01 2.875 12.125 2.875 360
198 1767086 ANNAPOLIS MD 21403 01 2.875 12.750 2.875 360
199 1767334 COCKEYSVILL MD 21030 01 2.875 12.500 2.875 180
200 1769017 QUEENSTOWN MD 21658 01 2.875 12.625 2.875 360
201 1769397 HAMPTON VA 23669 01 2.875 12.750 2.875 360
202 1770148 GLENARDEN MD 20706 01 2.875 10.500 2.875 360
203 1770395 BETHESDA MD 20817 01 2.875 12.625 2.875 360
204 1772094 CHANTILLY VA 20151 01 2.875 13.125 2.875 360
205 1772219 HAGERSTOWN MD 21742 01 2.875 12.500 2.875 360
206 1773142 GREAT FALLS VA 22066 01 2.875 11.375 2.875 360
207 1773332 ROCKVILLE MD 20852 01 2.875 12.500 2.875 360
208 1773753 POTOMAC MD 20854 01 2.875 12.750 2.875 360
209 1775048 LEESBURG VA 20175 01 2.875 12.875 2.875 360
210 1777150 BETHESDA MD 20817 01 2.875 12.375 2.875 360
211 1777234 ANNAPOLIS MD 21401 01 2.875 12.750 2.875 360
212 1777424 ROCKVILLE MD 20855 01 2.875 12.625 2.875 360
213 1777507 CLIFTON VA 20124 01 2.875 12.750 2.875 360
214 1778265 MANCHESTER MD 21102 01 2.875 12.875 2.875 360
215 1779560 WASHINGTON DC 20011 01 3.650 13.775 3.650 360
216 1783976 BETHESDA MD 20817 01 2.785 12.250 2.785 360
217 4611265 GAITHERSBUR MD 20879 01 3.000 14.750 3.000 480
218 4623542 WOODBRIDGE VA 22193 01 2.750 13.500 2.750 360
219 4640538 WASHINGTON DC 20007 01 2.750 11.750 2.750 360
220 4642922 IJAMSVILLE MD 21754 01 2.750 12.125 2.750 360
221 4643383 WASHINGTON DC 20007 01 2.750 12.125 2.750 360
222 4646691 HERNDON VA 22070 01 3.000 12.625 3.000 360
223 4648077 WASHINGTON DC 20009 01 3.000 13.375 3.000 360
224 4649554 GAITHERSBUR MD 20877 01 3.000 13.625 3.000 360
225 4649877 BALTIMORE MD 21212 01 3.000 13.500 3.000 360
226 4650560 WASHINGTON DC 20003 01 2.750 13.500 2.750 360
227 4651527 ALEXANDRIA VA 22304 01 3.000 13.625 3.000 360
228 4651774 WASHINGTON DC 20011 01 3.000 13.875 3.000 360
229 4652095 MANASSAS VA 22110 01 3.000 13.875 3.000 360
230 4652889 ALEXANDRIA VA 22302 01 2.750 12.875 2.750 360
231 4653739 WASHINGTON DC 20007 01 2.750 13.625 2.750 360
232 4653853 ALEXANDRIA VA 22302 01 2.750 13.750 2.750 360
233 4654133 CROFTON MD 21114 01 2.750 13.500 2.750 360
234 4656062 BURKE VA 22015 01 2.750 13.625 2.750 360
235 4658571 WASHINGTON DC 20016 01 2.750 14.125 2.750 360
</TABLE>
D-10
<PAGE>
<TABLE>
<CAPTION>
Original 03/01/98 Orig-
Remaining Principal Principal 1st due 03/01/98 inal Appraised Net
Term Bal Bal date p&i LTV Value Mtg Rate
GROUP 1 LOANS
<S> <C> <C> <C> <C> <C> <C> <C> <C>
176 358 399,000.00 397,714.05 01/01/98 2,296.87 49.88 800,000.00 4.445
177 357 368,000.00 366,721.87 12/01/97 2,386.85 80.00 460,000.00 5.570
178 358 192,000.00 191,463.65 01/01/98 1,197.84 80.00 240,000.00 5.195
179 356 252,000.00 251,124.77 12/01/97 1,634.47 80.00 315,000.00 5.570
180 358 572,000.00 570,061.16 01/01/98 3,757.64 80.00 715,000.00 5.695
181 359 230,439.00 230,050.67 02/01/98 1,513.83 80.00 288,049.00 5.695
182 357 237,500.00 236,694.98 12/01/97 1,560.21 66.90 355,000.00 5.695
183 358 134,000.00 133,597.79 01/01/98 803.40 79.29 169,000.00 4.820
184 358 140,000.00 139,752.27 02/01/98 896.44 80.00 175,000.00 5.445
185 356 148,800.00 148,270.48 12/01/97 952.79 80.00 186,000.00 5.445
186 358 408,000.00 407,295.44 02/01/98 2,646.29 80.00 510,000.00 5.570
187 357 400,000.00 398,506.22 12/01/97 2,495.48 72.73 550,000.00 5.195
188 359 285,000.00 284,553.99 02/01/98 1,944.21 95.00 300,000.00 6.070
189 358 400,000.00 398,882.64 01/01/98 2,495.48 47.06 850,000.00 5.195
190 358 554,500.00 553,024.20 01/01/98 3,550.53 75.44 735,000.00 5.445
191 356 202,140.00 201,437.93 12/01/97 1,311.08 80.00 252,675.00 5.570
192 358 232,000.00 231,411.91 01/01/98 1,524.08 74.84 310,000.00 5.695
193 358 156,750.00 156,352.60 01/01/98 1,029.74 88.81 176,500.00 5.695
194 358 198,000.00 197,460.09 01/01/98 1,251.50 76.15 260,000.00 5.320
195 359 208,000.00 206,643.77 02/01/98 1,366.42 67.10 310,000.00 5.695
196 358 213,200.00 212,784.50 02/01/98 1,295.43 80.00 266,500.00 4.945
197 359 148,000.00 147,711.56 02/01/98 899.27 80.00 185,000.00 4.945
198 359 131,500.00 131,272.92 02/01/98 852.91 54.34 242,000.00 5.570
199 178 173,000.00 171,078.73 01/01/98 1,507.02 28.13 615,000.00 5.320
200 359 209,000.00 208,630.19 02/01/98 1,338.25 76.00 275,000.00 5.445
201 359 75,700.00 75,569.28 02/01/98 490.99 62.05 122,000.00 5.570
202 358 94,000.00 93,627.24 01/01/98 476.29 73.44 128,000.00 3.320
203 359 660,000.00 658,832.17 02/01/98 4,226.06 57.39 1,150,000.00 5.445
204 359 227,050.00 226,685.78 02/01/98 1,529.68 95.00 239,000.00 5.945
205 359 101,500.00 101,315.98 02/01/98 641.55 79.98 126,900.00 5.320
206 360 387,000.00 386,545.64 03/01/98 2,107.17 51.60 750,000.00 3.945
207 360 273,600.00 273,352.66 03/01/98 1,729.34 80.00 342,000.00 5.320
208 359 500,000.00 499,136.58 02/01/98 3,243.00 80.00 625,000.00 5.570
209 360 202,400.00 202,229.95 03/01/98 1,329.63 80.00 253,000.00 5.695
210 360 183,750.00 183,579.80 03/01/98 1,146.37 75.00 245,000.00 5.195
211 358 227,000.00 226,608.02 02/01/98 1,472.32 74.92 303,000.00 5.570
212 360 516,000.00 515,544.74 03/01/98 3,304.01 80.00 645,000.00 5.445
213 360 320,000.00 319,724.48 03/01/98 2,075.52 64.00 500,000.00 5.570
214 360 180,000.00 179,848.77 03/01/98 1,182.48 80.00 225,000.00 5.695
215 359 236,550.00 236,216.70 02/01/98 1,698.76 95.00 249,000.00 6.195
216 360 1,000,000.00 999,051.15 03/01/98 6,157.18 72.73 1,375,000.00 5.070
217 404 213,750.00 205,191.12 11/01/91 1,545.34 95.00 225,000.00 7.320
218 299 100,000.00 94,060.58 01/01/93 743.13 89.69 111,500.00 7.070
219 309 212,500.00 199,769.98 12/01/93 1,579.69 85.00 250,000.00 7.195
220 311 166,500.00 157,933.54 02/01/94 1,233.24 90.00 185,000.00 7.070
221 311 108,000.00 102,449.33 02/01/94 799.98 90.00 120,000.00 7.070
222 314 92,150.00 87,658.97 05/01/94 667.85 95.00 97,000.00 6.820
223 316 113,050.00 108,772.12 07/01/94 901.45 95.00 119,000.00 7.820
224 318 181,450.00 175,068.13 09/01/94 1,418.30 95.00 191,000.00 7.570
225 318 146,500.00 141,347.56 09/01/94 1,145.11 94.49 155,045.00 7.570
226 317 123,200.00 118,159.69 08/01/94 947.87 72.47 170,000.00 7.445
227 320 159,600.00 153,981.66 10/01/94 1,218.97 95.00 168,000.00 7.320
228 318 161,500.00 155,865.34 09/01/94 1,263.25 95.00 170,000.00 7.570
229 320 146,300.00 141,397.72 10/01/94 1,119.36 95.00 154,000.00 7.320
230 319 168,100.00 161,640.47 10/01/94 1,253.11 94.99 176,970.00 7.070
231 320 194,750.00 187,429.73 11/01/94 1,451.77 95.00 205,000.00 7.070
232 319 162,500.00 156,614.01 10/01/94 1,214.14 94.98 171,090.00 7.070
233 320 173,100.00 166,617.06 11/01/94 1,290.56 78.95 219,245.00 7.070
234 319 117,700.00 112,272.07 11/01/94 871.44 95.00 123,900.00 7.070
235 322 156,750.00 151,351.08 01/01/95 1,170.30 95.00 165,000.00 7.070
</TABLE>
D-11
<PAGE>
<TABLE>
<CAPTION>
Lender
Property Paid CD pledge CD Convert- POOL-OUT
Type Occ MI (Y/N) Loan (Y/N) Amount ible Purp POOL-OUT
GROUP 1 LOANS
Loannum Outpool Conv-Y/N
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
176 1 1 N N Y 3 0001 1,767,839 1757707 0 1757707 0001 Y
177 1 1 N N Y 1 0001 2,042,641 1758267 0 1758267 0001 Y
178 1 1 N N Y 3 0001 994,654 1758325 0 1758325 0001 Y
179 1 1 N N Y 2 0001 1,398,765 1759448 0 1759448 0001 Y
180 1 1 N N Y 1 0001 3,246,498 1760388 0 1760388 0001 Y
181 1 1 N N Y 1 0001 1,310,139 1760727 0 1760727 0001 Y
182 1 1 N N Y 2 0001 1,347,978 1760867 0 1760867 0001 Y
183 1 1 N N Y 1 0001 643,941 1761527 0 1761527 0001 Y
184 1 1 N N Y 3 0001 760,951 1761758 0 1761758 0001 Y
185 1 1 N N Y 1 0001 807,333 1762665 0 1762665 0001 Y
186 1 1 N N Y 1 0001 2,268,636 1762822 0 1762822 0001 Y
187 1 1 N N Y 3 0001 2,070,240 1762905 0 1762905 0001 Y
188 1 1 N N Y 3 0001 1,727,243 1762988 0 1762988 0001 Y
189 1 1 N N Y 2 0001 2,072,195 1763697 0 1763697 0001 Y
190 1 1 N N Y 2 0001 3,011,217 1763754 0 1763754 0001 Y
191 1 1 N N Y 1 0001 1,122,009 1764422 0 1764422 0001 Y
192 1 1 N N Y 3 0001 1,317,891 1765080 0 1765080 0001 Y
193 1 1 N N Y 3 0001 890,428 1765098 0 1765098 0001 Y
194 1 1 N N Y 2 0001 1,050,488 1765494 0 1765494 0001 Y
195 1 1 N N Y 2 0001 1,176,836 1766104 0 1766104 0001 Y
196 1 1 N N Y 1 0001 1,052,219 1766336 0 1766336 0001 Y
197 1 1 N N Y 1 0001 730,434 1766427 0 1766427 0001 Y
198 1 1 N N Y 2 0001 731,190 1767086 0 1767086 0001 Y
199 1 1 N N Y 2 0001 910,139 1767334 0 1767334 0001 Y
200 1 1 N N Y 2 0001 1,135,991 1769017 0 1769017 0001 Y
201 1 1 N N Y 3 0001 420,921 1769397 0 1769397 0001 Y
202 1 1 N N Y 2 0001 310,842 1770148 0 1770148 0001 Y
203 1 1 N N Y 2 0001 3,587,341 1770395 0 1770395 0001 Y
204 1 1 N N Y 1 0001 1,347,647 1772094 0 1772094 0001 Y
205 1 1 N N Y 1 0001 539,001 1772219 0 1772219 0001 Y
206 1 1 N N Y 3 0001 1,524,923 1773142 0 1773142 0001 Y
207 1 1 N N Y 2 0001 1,454,236 1773332 0 1773332 0001 Y
208 1 1 N N Y 2 0001 2,780,191 1773753 0 1773753 0001 Y
209 1 1 N N Y 1 0001 1,151,700 1775048 0 1775048 0001 Y
210 1 1 N N Y 3 0001 953,697 1777150 0 1777150 0001 Y
211 1 1 N N Y 3 0001 1,262,207 1777234 0 1777234 0001 Y
212 1 1 N N Y 1 0001 2,807,141 1777424 0 1777424 0001 Y
213 1 1 N N Y 3 0001 1,780,865 1777507 0 1777507 0001 Y
214 1 1 N N Y 3 0001 1,024,239 1778265 0 1778265 0001 Y
215 1 1 Y N Y 1 0001 1,463,362 1779560 0 1779560 0001 Y
216 1 1 N N Y 3 0001 5,065,189 1783976 0 1783976 0001 Y
217 1 1 N N Y 1 0001 1,501,999 4611265 0 4611265 0001 Y
218 2 1 N N Y 2 0001 665,008 4623542 0 4623542 0001 Y
219 3 1 N N Y 1 0001 1,437,345 4640538 0 4640538 0001 Y
220 1 1 N N Y 2 0001 1,116,590 4642922 0 4642922 0001 Y
221 3 1 N N Y 2 0001 724,317 4643383 0 4643383 0001 Y
222 1 1 N N Y 1 0001 597,834 4646691 0 4646691 0001 Y
223 3 1 N N Y 1 0001 850,598 4648077 0 4648077 0001 Y
224 1 1 N N Y 1 0001 1,325,266 4649554 0 4649554 0001 Y
225 2 1 N N Y 1 0001 1,070,001 4649877 0 4649877 0001 Y
226 2 1 N N Y 2 0001 879,699 4650560 0 4650560 0001 Y
227 1 1 N N Y 1 0001 1,127,146 4651527 0 4651527 0001 Y
228 1 1 N N Y 1 0001 1,179,901 4651774 0 4651774 0001 Y
229 1 1 N N Y 1 0001 1,035,031 4652095 0 4652095 0001 Y
230 3 1 N N Y 1 0001 1,142,798 4652889 0 4652889 0001 Y
231 3 1 N N Y 1 0001 1,325,128 4653739 0 4653739 0001 Y
232 3 1 N N Y 1 0001 1,107,261 4653853 0 4653853 0001 Y
233 1 1 N N Y 1 0001 1,177,983 4654133 0 4654133 0001 Y
234 1 1 N N Y 1 0001 793,764 4656062 0 4656062 0001 Y
235 3 1 N N Y 1 0001 1,070,052 4658571 0 4658571 0001 Y
</TABLE>
D-12
<PAGE>
<TABLE>
<CAPTION>
Maximum Minimum Original
Loan-no City State Zip Index Margin Int rate Int rate Term
GROUP 1 LOANS
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
236 4658860 CENTREVILLE VA 22020 01 2.750 14.500 2.750 360
237 4661849 HERNDON VA 22070 01 5.750 24.000 5.750 360
238 4662052 GERMANTOWN MD 20876 01 2.750 13.250 2.750 360
239 4878534 LANDOVER MD 20785 01 2.750 14.500 2.750 360
240 5022264 KENNESAW GA 30144 01 3.625 14.750 3.625 360
241 5022272 KENNESAW GA 30144 01 3.625 14.750 3.625 360
242 5038385 ATLANTA GA 30318 01 3.000 14.875 3.000 360
243 5041413 TEMPE AZ 85282 01 2.500 14.750 2.500 360
244 5049846 MESQUITE TX 75150 01 3.625 14.875 3.625 360
245 5050257 LAWRENCEVIL GA 30245 01 3.625 14.875 3.625 360
246 5050265 LAWRENCEVIL GA 30245 01 3.625 14.875 3.625 360
247 5053251 ATLANTA GA 30342 01 3.000 15.750 3.000 360
248 5054853 WEST PALM B FL 33414 01 3.000 15.750 3.000 360
249 5055413 BETHESDA MD 20814 01 3.000 15.750 3.000 360
250 5064761 ACWORTH GA 30101 01 3.625 14.875 3.625 360
251 5068879 RESTON VA 22091 01 2.750 uncapped 2.750 360
252 5082508 CHAMBLEE GA 30341 01 2.625 15.250 2.625 360
253 5082755 MIDLOTHIAN TX 76065 01 2.625 15.750 2.625 360
254 5084421 PHOENIX AZ 85032 01 2.625 14.875 2.625 360
255 5085717 MARIETTA GA 30067 01 2.625 14.875 2.625 360
256 5092846 BOCA RATON FL 33431 01 3.000 14.875 3.000 360
257 5092879 WOODBRIDGE VA 22192 01 3.000 15.375 3.000 360
258 5094040 BOCA RATON FL 33432 01 2.750 14.875 2.750 360
259 5094438 MARIETTA GA 30066 01 2.750 14.875 2.750 360
260 5095294 MARIETTA GA 30062 01 2.750 14.875 2.750 360
261 5901756 MIDLOTHIAN VA 23112 01 2.875 12.250 2.875 360
262 5902010 ASHEVILLE NC 28803 01 2.875 13.375 2.875 360
263 5902200 GREENSBORO NC 27455 01 3.000 13.875 3.000 360
264 5902739 MECHANICSVI VA 23116 01 2.875 12.250 2.875 360
265 5902887 BOONES MILL VA 24065 01 3.000 13.625 3.000 360
266 5903620 ROANOKE VA 24019 01 3.000 13.875 3.000 360
267 5904420 MANASSAS PA VA 22111 01 2.875 13.875 2.875 360
268 5905070 CHARLOTTE NC 28226 01 3.000 12.500 3.000 360
269 5905468 DURHAM NC 27713 01 3.000 13.875 3.000 360
270 5906243 WASHINGTON DC 20010 01 2.875 12.750 2.875 360
271 5906383 NEWLAND NC 28657 01 3.000 13.625 3.000 360
272 5908785 ACCOKEEK MD 20607 01 3.000 13.750 3.000 360
273 5909510 WASHINGTON DC 20009 01 3.000 13.250 3.000 360
274 5913025 LEWISVILLE NC 27023 01 3.000 13.375 3.000 360
275 5913199 MONTPELIER VA 23192 01 2.875 12.000 2.875 360
276 5914221 MARIETTA GA 30066 01 3.000 13.375 3.000 360
277 5914973 RALEIGH NC 27615 01 3.000 13.125 3.000 360
278 5915129 LUSBY MD 20657 01 3.000 13.125 3.000 360
279 5916457 CHARLOTTE NC 28269 01 2.875 13.125 2.875 360
280 5916564 LANCASTER VA 22503 01 3.000 13.500 3.000 360
281 5917638 CLEARBROOK VA 22624 01 3.000 12.875 3.000 360
282 5919469 PRINCE FRED MD 20678 01 3.000 12.125 3.000 360
283 5920228 CHARLOTTE NC 28269 01 3.000 13.375 3.000 360
284 5920442 WILMINGTON NC 28403 01 3.000 12.000 3.000 360
285 5920715 ADVANCE NC 27006 01 3.000 12.375 3.000 360
286 5921267 ROCKVILLE MD 20852 01 3.000 13.250 3.000 360
287 5922356 BURGAW NC 28425 01 3.000 12.000 3.000 360
288 5925003 SILVER SPRI MD 20902 01 3.000 12.125 3.000 360
289 5925086 BEL AIR MD 21015 01 3.000 13.375 3.000 360
290 5925664 GAITHERSBUR MD 20879 01 2.875 13.500 2.875 360
291 5928411 WINSTON SAL NC 27106 01 3.000 12.125 3.000 360
292 5928536 WINSTON SAL NC 27127 01 3.375 13.875 3.375 360
293 5929765 ALEXANDRIA VA 22314 01 3.000 13.750 3.000 360
294 5929773 RICHMOND VA 23233 01 3.000 11.875 3.000 360
295 5933114 STRASBURG VA 22657 01 3.000 14.125 3.000 360
</TABLE>
D-13
<PAGE>
<TABLE>
<CAPTION>
Original 03/01/98 Orig-
Remaining Principal Principal 1st due 03/01/98 inal Appraised Net
Term Bal Bal date p&i LTV Value Mtg Rate
GROUP 1 LOANS
<S> <C> <C> <C> <C> <C> <C> <C> <C>
236 322 149,150.00 145,035.13 01/01/95 1,121.46 95.00 157,000.00 7.070
237 333 148,400.00 146,810.71 12/01/95 1,455.11 70.00 212,000.00 10.195
238 333 184,800.00 180,416.06 12/01/95 1,260.67 80.00 231,000.00 6.070
239 322 102,000.00 98,974.64 01/01/95 765.31 80.00 127,500.00 7.070
240 63 48,150.00 41,041.75 06/01/83 420.25 90.00 53,500.00 8.070
241 63 46,800.00 39,872.92 06/01/83 408.28 90.00 52,000.00 8.070
242 188 64,350.00 54,568.86 11/01/83 539.62 92.59 69,500.00 7.695
243 189 62,000.00 59,690.15 12/01/83 557.91 77.50 80,000.00 6.820
244 11 67,950.00 61,696.26 03/01/84 618.19 90.00 75,500.00 8.070
245 12 81,000.00 77,685.42 03/01/84 778.40 90.00 90,000.00 8.070
246 12 81,000.00 77,685.41 03/01/84 778.40 90.00 90,000.00 8.070
247 193 68,000.00 60,028.64 04/01/84 577.45 80.00 85,000.00 7.445
248 194 65,000.00 60,615.81 05/01/84 577.16 51.38 126,500.00 7.320
249 194 48,000.00 44,771.06 05/01/84 426.29 80.00 60,000.00 7.320
250 16 51,200.00 49,945.20 07/01/84 507.47 89.98 56,900.00 8.445
251 199 53,650.00 44,330.25 10/01/84 413.79 94.96 56,500.00 7.195
252 204 55,100.00 45,540.73 03/01/85 416.83 93.39 59,000.00 7.070
253 205 85,000.00 80,225.23 04/01/85 732.63 79.44 107,000.00 7.070
254 204 40,000.00 25,496.28 04/01/85 227.13 55.00 72,727.00 6.695
255 206 71,250.00 58,812.40 05/01/85 531.47 95.00 75,000.00 6.945
256 210 53,000.00 45,441.48 09/01/85 424.29 66.25 80,000.00 7.570
257 209 208,000.00 192,251.70 08/01/85 1,813.50 79.85 260,500.00 7.695
258 210 25,000.00 21,195.58 09/01/85 194.66 33.33 75,000.00 7.320
259 210 67,450.00 56,750.27 09/01/85 521.20 89.93 75,000.00 7.320
260 211 104,000.00 88,220.45 10/01/85 801.82 80.00 130,000.00 7.195
261 344 135,750.00 133,684.63 11/01/96 1,015.97 82.27 165,000.00 7.070
262 344 76,000.00 74,941.97 11/01/96 518.45 80.00 95,000.00 6.070
263 344 113,800.00 112,326.26 11/01/96 805.47 95.00 119,790.00 6.445
264 344 164,700.00 161,947.77 11/01/96 1,175.06 90.00 183,000.00 6.570
265 345 80,000.00 78,954.79 12/01/96 545.75 79.21 101,000.00 6.070
266 344 95,600.00 94,331.61 11/01/96 668.45 74.98 127,500.00 6.320
267 346 166,000.00 163,973.12 12/01/96 1,132.42 89.73 185,000.00 6.070
268 345 207,000.00 204,136.45 12/01/96 1,585.85 90.00 230,000.00 7.320
269 344 161,950.00 159,903.18 11/01/96 1,160.23 94.99 170,500.00 6.570
270 344 147,250.00 144,901.69 11/01/96 1,076.19 95.00 155,000.00 6.820
271 347 69,000.00 68,250.31 02/01/97 488.38 71.13 97,000.00 6.445
272 345 174,300.00 172,075.37 12/01/96 1,218.74 94.99 183,500.00 6.320
273 345 156,800.00 154,650.98 12/01/96 1,043.20 80.00 196,000.00 5.820
274 346 207,000.00 204,411.04 01/01/97 1,394.60 79.62 260,000.00 5.945
275 347 184,800.00 182,015.26 02/01/97 1,286.60 80.00 231,000.00 6.320
276 347 152,050.00 150,237.27 02/01/97 1,011.60 94.97 160,100.00 5.820
277 347 63,000.00 62,137.90 02/01/97 413.87 72.41 87,000.00 5.695
278 347 134,000.00 130,039.72 02/01/97 891.51 78.82 170,000.00 5.820
279 347 193,350.00 190,989.10 02/01/97 1,270.18 95.00 203,535.00 5.695
280 350 33,750.00 33,451.43 05/01/97 230.24 75.00 45,000.00 6.070
281 347 208,000.00 205,460.23 02/01/97 1,366.42 80.00 260,000.00 5.695
282 347 212,000.00 209,096.11 02/01/97 1,567.54 80.00 265,000.00 6.945
283 346 138,950.00 135,422.82 01/01/97 924.44 94.97 146,310.00 5.820
284 347 104,000.00 101,104.80 02/01/97 752.23 80.00 130,000.00 6.820
285 347 108,300.00 106,914.09 02/01/97 820.09 95.00 114,000.00 7.195
286 349 184,000.00 182,130.87 04/01/97 1,224.16 80.00 230,000.00 5.820
287 348 51,200.00 50,534.20 02/01/97 374.20 80.00 64,000.00 6.820
288 348 205,000.00 202,395.80 03/01/97 1,516.21 89.52 229,000.00 6.945
289 356 562,400.00 560,233.83 11/01/97 3,884.36 79.89 704,000.00 6.195
290 347 207,000.00 204,532.26 02/01/97 1,377.18 94.95 218,000.00 5.820
291 348 204,000.00 201,408.56 03/01/97 1,508.82 80.00 255,000.00 6.945
292 348 158,650.00 157,060.54 03/01/97 1,109.31 95.00 167,000.00 6.320
293 348 109,250.00 108,207.69 03/01/97 782.69 95.00 115,000.00 6.570
294 355 72,900.00 72,426.84 09/01/97 419.66 90.00 81,000.00 4.445
295 351 127,300.00 126,441.44 06/01/97 945.20 95.00 134,000.00 6.945
</TABLE>
D-14
<PAGE>
<TABLE>
<CAPTION>
Lender
Property Paid CD pledge CD Convert- POOL-OUT
Type Occ MI (Y/N) Loan (Y/N) Amount ible Purp POOL-OUT
GROUP 1 LOANS
Loannum Outpool Conv-Y/N
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
236 1 1 N N Y 1 0001 1,025,398 4658860 0 4658860 0001 Y
237 2 2 N N N 1 0001 1,496,735 4661849 0 4661849 0001 N
238 3 3 N N Y 1 0001 1,095,125 4662052 0 4662052 0001 Y
239 1 1 N N Y 1 0001 699,751 4878534 0 4878534 0001 Y
240 1 2 N N N 1 0001 331,207 5022264 0 5022264 0001 N
241 1 2 N N N 1 0001 321,774 5022272 0 5022272 0001 N
242 2 1 N N N 1 0001 419,907 5038385 0 5038385 0001 N
243 1 1 N N N 1 0001 407,087 5041413 0 5041413 0001 N
244 1 2 N N N 1 0001 497,889 5049846 0 5049846 0001 N
245 5 2 N N N 1 0001 626,921 5050257 0 5050257 0001 N
246 5 2 N N N 1 0001 626,921 5050265 0 5050265 0001 N
247 1 1 N N N 1 0001 446,913 5053251 0 5053251 0001 N
248 1 1 N N N 1 0001 443,708 5054853 0 5054853 0001 N
249 3 1 N N N 2 0001 327,724 5055413 0 5055413 0001 N
250 2 2 N N N 1 0001 421,787 5064761 0 5064761 0001 N
251 3 1 N N Y 1 0001 318,956 5068879 0 5068879 0001 Y
252 1 1 N N N 1 0001 321,973 5082508 0 5082508 0001 N
253 1 1 N N N 1 0001 567,192 5082755 0 5082755 0001 N
254 3 1 N N N 1 0001 170,698 5084421 0 5084421 0001 N
255 1 1 N N N 1 0001 408,452 5085717 0 5085717 0001 N
256 1 1 N N N 1 0001 343,992 5092846 0 5092846 0001 N
257 1 1 N N N 1 0001 1,479,377 5092879 0 5092879 0001 N
258 1 1 N N N 1 0001 155,152 5094040 0 5094040 0001 N
259 1 1 N N N 1 0001 415,412 5094438 0 5094438 0001 N
260 1 1 N N N 1 0001 634,746 5095294 0 5095294 0001 N
261 1 1 N N Y 2 0001 945,150 5901756 0 5901756 0001 Y
262 1 1 N N Y 1 0001 454,898 5902010 0 5902010 0001 Y
263 1 1 N N Y 1 0001 723,943 5902200 0 5902200 0001 Y
264 1 1 N N Y 1 0001 1,063,997 5902739 0 5902739 0001 Y
265 1 1 N N Y 3 0001 479,256 5902887 0 5902887 0001 Y
266 1 1 N N Y 3 0001 596,176 5903620 0 5903620 0001 Y
267 1 1 N N Y 2 0001 995,317 5904420 0 5904420 0001 Y
268 1 1 N N Y 2 0001 1,494,279 5905070 0 5905070 0001 Y
269 1 1 N N Y 1 0001 1,050,564 5905468 0 5905468 0001 Y
270 2 1 N N Y 1 0001 988,230 5906243 0 5906243 0001 Y
271 1 1 N N Y 2 0001 439,873 5906383 0 5906383 0001 Y
272 1 1 N N Y 1 0001 1,087,516 5908785 0 5908785 0001 Y
273 3 1 N N Y 1 0001 900,069 5909510 0 5909510 0001 Y
274 1 1 N N Y 3 0001 1,215,224 5913025 0 5913025 0001 Y
275 1 1 N N Y 3 0001 1,150,336 5913199 0 5913199 0001 Y
276 1 1 N N Y 1 0001 874,381 5914221 0 5914221 0001 Y
277 2 1 N N Y 3 0001 353,875 5914973 0 5914973 0001 Y
278 1 1 N N Y 2 0001 756,831 5915129 0 5915129 0001 Y
279 1 1 N N Y 1 0001 1,087,683 5916457 0 5916457 0001 Y
280 1 1 N N Y 3 0001 203,050 5916564 0 5916564 0001 Y
281 1 1 N N Y 3 0001 1,170,096 5917638 0 5917638 0001 Y
282 1 1 N N Y 3 0001 1,452,172 5919469 0 5919469 0001 Y
283 1 1 N N Y 1 0001 788,161 5920228 0 5920228 0001 Y
284 2 1 N N Y 3 0001 689,535 5920442 0 5920442 0001 Y
285 2 1 N N Y 1 0001 769,247 5920715 0 5920715 0001 Y
286 3 1 N N Y 2 0001 1,060,002 5921267 0 5921267 0001 Y
287 1 1 N N Y 3 0001 344,643 5922356 0 5922356 0001 Y
288 1 1 N N Y 2 0001 1,405,639 5925003 0 5925003 0001 Y
289 1 1 N N Y 2 0001 3,470,649 5925086 0 5925086 0001 Y
290 1 1 N N Y 1 0001 1,190,378 5925664 0 5925664 0001 Y
291 1 1 N N Y 1 0001 1,398,782 5928411 0 5928411 0001 Y
292 1 1 N N Y 1 0001 992,623 5928536 0 5928536 0001 Y
293 3 1 N N Y 1 0001 710,925 5929765 0 5929765 0001 Y
294 2 1 N N Y 2 0001 321,937 5929773 0 5929773 0001 Y
295 1 1 N N Y 1 0001 878,136 5933114 0 5933114 0001 Y
</TABLE>
D-15
<PAGE>
<TABLE>
<CAPTION>
Maximum Minimum Original
Loan-no City State Zip Index Margin Int rate Int rate Term
GROUP 1 LOANS
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
296 5933619 ALEXANDRIA VA 22309 01 3.000 13.625 3.000 360
297 5933742 SILVER SPRI MD 20906 01 3.000 12.000 3.000 360
298 5933882 WILMINGTON NC 28405 01 3.000 12.250 3.000 360
299 5934294 ANNAPOLIS MD 21401 01 2.875 13.250 2.875 360
300 5935390 NEW HOPE PA 18938 01 3.000 13.750 3.000 360
301 5936240 DURHAM NC 27703 01 3.000 13.500 3.000 360
302 5936315 CLOVER SC 29710 01 3.000 13.250 3.000 360
303 5936570 MOCKSVILLE NC 27028 01 3.000 12.250 3.000 360
304 5936745 ROANOKE VA 24019 01 3.000 13.250 3.000 360
305 5938196 RALEIGH NC 27610 01 3.000 12.875 3.000 360
306 5938204 MOCKSVILLE NC 27028 01 3.000 13.500 3.000 360
307 5938246 JAMESTOWN NC 27282 01 2.875 12.125 2.875 360
308 5938253 WAYNESBORO VA 22980 01 3.000 13.500 3.000 360
309 5938501 BALTIMORE MD 21209 01 3.000 13.500 3.000 360
310 5938543 OCEAN CITY MD 21842 01 3.000 13.875 3.000 360
311 5938774 WILMINGTON NC 28405 01 3.000 13.500 3.000 360
312 5938790 STATESVILLE NC 28677 01 2.875 13.875 2.875 360
313 5938840 HICKORY NC 28602 01 2.875 13.500 2.875 360
314 5938857 ROCKY MOUNT NC 27803 01 2.875 13.500 2.875 360
315 5939012 LAURINBURG NC 28352 01 2.875 13.625 2.875 360
316 5939046 ROCKVILLE MD 20850 01 2.875 14.000 2.875 360
317 5939129 IRMO SC 29603 01 3.000 14.125 3.000 360
318 5939541 HICKORY NC 28602 01 2.875 13.625 2.875 360
319 5940564 WASHINGTON DC 20024 01 3.000 13.375 3.000 360
320 5940853 GRAFTON VA 23692 01 3.000 14.000 3.000 360
321 5941257 WINCHESTER VA 22603 01 2.875 12.625 2.875 360
322 5941265 CROSS JUNCT VA 22625 01 3.000 13.750 3.000 360
323 5941356 RICHMOND VA 23226 01 3.000 13.750 3.000 360
324 5941539 WASHINGTON DC 20012 01 3.000 13.750 3.000 360
325 5941869 TOWNSHIP OF NY 10541 01 3.000 13.750 3.000 360
326 5941901 FUQUAY VARI NC 27526 01 2.875 12.875 2.875 360
327 5941968 FREDERICK MD 21702 01 3.000 13.750 3.000 360
328 5942065 ROCKY MOUNT NC 27804 01 2.875 14.125 2.875 360
329 5942271 WINSTON-SAL NC 27103 01 3.000 14.000 3.000 360
330 5942461 GARNER NC 27529 01 2.875 13.625 2.875 360
331 5942545 WINSTON SAL NC 27106 01 3.000 13.750 3.000 360
332 5942735 WASHINGTON DC 20024 01 3.000 12.750 3.000 360
333 5942875 FAIRFAX VA 22033 01 2.875 13.750 2.875 360
334 5943402 OWINGS MILL MD 21117 01 3.000 13.125 3.000 360
335 5943485 POWHATAN VA 23139 01 2.875 12.500 2.875 360
336 5943832 MOUNT LAURE NJ 8054 01 2.875 13.000 2.875 360
337 5944632 POMPTON PLA NJ 7444 01 3.000 13.500 3.000 360
338 5944749 CHAPIN SC 29036 01 3.000 13.875 3.000 360
339 5944905 WASHINGTON DC 20024 01 3.000 13.875 3.000 360
340 5945035 RESTON VA 22094 01 3.000 13.500 3.000 360
341 5945191 WILMINGTON DE 19809 01 3.000 13.500 3.000 360
342 5945241 CHANTILLY VA 20151 01 3.000 13.750 3.000 360
343 5945308 WILMINGTON NC 28403 01 2.875 13.000 2.875 360
344 5945597 FALLS CHURC VA 22046 01 3.000 13.625 3.000 360
345 5945753 FAYETTEVILL NC 28304 01 2.875 12.875 2.875 360
346 5945845 FALLSTON MD 21047 01 3.000 12.875 3.000 360
347 5946124 GRANITE FAL NC 28630 01 3.000 13.625 3.000 360
348 5946348 DELRAN TOWN NJ 8075 01 3.000 13.000 3.000 360
349 5946389 EGG HARBOR NJ 8234 01 3.000 13.375 3.000 360
350 5946496 RICHMOND VA 23221 01 3.000 13.125 3.000 360
351 5946975 CHARLOTTE NC 28273 01 3.000 13.000 3.000 360
352 5946983 CUMMING GA 30131 01 3.000 13.000 3.000 360
353 5947023 CORNELIUS NC 28031 01 3.000 13.125 3.000 360
354 5947569 BALTIMORE MD 21218 01 3.000 13.125 3.000 360
355 5947684 SHAWSVILLE VA 24162 01 3.000 12.625 3.000 360
</TABLE>
D-16
<PAGE>
<TABLE>
<CAPTION>
Original 03/01/98 Orig-
Remaining Principal Principal 1st due 03/01/98 inal Appraised Net
Term Bal Bal date p&i LTV Value Mtg Rate
GROUP 1 LOANS
<S> <C> <C> <C> <C> <C> <C> <C> <C>
296 349 100,700.00 99,794.16 04/01/97 712.75 95.00 106,000.00 6.445
297 350 190,000.00 187,074.26 05/01/97 1,139.15 79.17 240,000.00 4.820
298 353 93,700.00 92,975.62 08/01/97 576.93 89.99 93,710.00 5.070
299 349 183,800.00 181,841.06 04/01/97 1,192.13 94.99 193,500.00 5.570
300 352 154,350.00 153,343.76 07/01/97 1,105.79 90.00 171,500.00 6.570
301 350 123,200.00 122,083.41 05/01/97 830.03 80.00 154,000.00 5.945
302 356 845,000.00 841,664.03 11/01/97 5,764.39 65.00 1,300,000.00 6.070
303 349 184,500.00 181,191.72 05/01/97 1,136.00 90.00 205,000.00 5.070
304 351 99,000.00 97,363.64 06/01/97 650.36 90.00 110,000.00 5.695
305 353 84,700.00 84,119.18 08/01/97 556.42 79.98 105,900.00 5.695
306 352 129,600.00 128,285.35 06/01/97 895.12 80.00 162,000.00 6.195
307 351 65,000.00 64,273.61 06/01/97 369.07 28.57 227,500.00 4.320
308 352 90,000.00 89,368.24 07/01/97 621.61 75.00 120,000.00 6.195
309 351 104,000.00 103,206.03 06/01/97 727.19 80.00 130,000.00 6.320
310 348 137,650.00 136,573.75 05/01/97 998.06 95.00 144,900.00 6.695
311 351 89,900.00 89,168.29 06/01/97 613.28 89.99 89,900.00 6.070
312 352 95,000.00 94,299.74 07/01/97 640.04 95.00 100,000.00 5.945
313 353 80,000.00 79,437.98 08/01/97 518.88 89.89 89,000.00 5.570
314 353 130,400.00 129,483.95 08/01/97 845.77 80.00 163,000.00 5.570
315 351 99,900.00 99,127.11 07/01/97 656.27 78.35 127,500.00 5.695
316 350 190,000.00 187,880.87 05/01/97 1,296.14 95.00 200,000.00 6.070
317 351 180,500.00 179,017.30 06/01/97 1,216.07 95.00 190,000.00 5.945
318 352 178,650.00 177,203.38 07/01/97 1,173.60 90.00 198,500.00 5.695
319 353 46,550.00 46,297.43 09/01/97 321.51 95.00 49,000.00 6.195
320 352 94,000.00 93,387.21 07/01/97 673.43 94.95 99,000.00 6.570
321 352 193,800.00 191,855.45 07/01/97 1,100.38 95.00 204,000.00 4.320
322 351 105,300.00 104,399.37 06/01/97 745.31 90.00 117,000.00 6.445
323 353 132,000.00 131,054.85 08/01/97 900.48 80.00 165,000.00 6.070
324 351 122,800.00 121,885.27 06/01/97 869.18 87.71 140,000.00 6.445
325 351 196,000.00 194,575.73 06/01/97 1,404.17 80.00 245,000.00 6.570
326 353 122,000.00 121,146.52 08/01/97 801.45 80.00 152,500.00 5.695
327 352 141,000.00 140,034.26 07/01/97 985.90 89.81 157,000.00 6.320
328 352 89,900.00 89,236.32 07/01/97 620.92 94.73 94,900.00 6.195
329 351 123,400.00 121,400.13 06/01/97 884.06 95.00 129,900.00 6.570
330 352 149,600.00 148,442.55 07/01/97 982.77 80.00 187,000.00 5.695
331 354 261,000.00 259,583.84 09/01/97 1,802.67 90.00 290,000.00 6.195
332 353 127,200.00 126,306.37 07/01/97 825.02 95.00 133,900.00 5.570
333 352 191,200.00 189,684.64 07/01/97 1,240.12 80.00 239,000.00 5.570
334 351 125,000.00 124,596.58 12/01/97 842.15 45.79 273,000.00 5.945
335 352 85,200.00 84,491.51 07/01/97 538.53 80.00 106,500.00 5.320
336 353 130,000.00 129,129.85 08/01/97 864.90 60.19 216,000.00 5.820
337 354 137,250.00 136,523.42 09/01/97 959.68 90.00 152,500.00 6.320
338 352 104,500.00 103,835.47 07/01/97 757.70 95.00 110,000.00 6.695
339 351 94,050.00 93,383.28 06/01/97 681.93 95.00 99,000.00 6.695
340 354 195,000.00 193,863.96 09/01/97 1,363.47 79.92 244,000.00 6.320
341 352 85,850.00 85,261.99 07/01/97 600.28 74.98 114,500.00 6.320
342 352 193,800.00 192,536.47 07/01/97 1,388.41 95.00 204,000.00 6.570
343 354 214,600.00 213,346.90 08/01/97 1,427.74 73.62 291,500.00 5.820
344 352 185,000.00 183,763.81 07/01/97 1,309.42 88.94 208,000.00 6.445
345 353 104,500.00 103,783.42 08/01/97 686.49 95.00 110,000.00 5.695
346 356 196,700.00 195,819.30 11/01/97 1,292.18 79.99 245,900.00 5.695
347 351 85,600.00 85,027.96 07/01/97 605.88 80.00 107,000.00 6.445
348 353 99,200.00 98,620.69 09/01/97 659.99 76.90 129,000.00 5.820
349 354 125,400.00 124,719.60 09/01/97 866.11 95.00 132,000.00 6.195
350 354 88,150.00 87,647.62 09/01/97 593.89 94.99 92,800.00 5.945
351 352 100,200.00 99,443.28 07/01/97 666.64 94.98 105,500.00 5.820
352 352 136,800.00 135,766.92 07/01/97 910.14 95.00 144,000.00 5.820
353 352 116,750.00 114,913.36 07/01/97 786.57 95.00 122,900.00 5.945
354 352 160,550.00 159,501.25 08/01/97 1,081.66 95.00 169,000.00 5.945
355 354 86,450.00 85,907.16 09/01/97 553.55 95.00 91,000.00 5.445
</TABLE>
D-17
<PAGE>
<TABLE>
<CAPTION>
Lender
Property Paid CD pledge CD Convert- POOL-OUT
Type Occ MI (Y/N) Loan (Y/N) Amount ible Purp POOL-OUT
GROUP 1 LOANS
Loannum Outpool Conv-Y/N
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
296 1 1 N N Y 1 0001 643,173 5933619 0 5933619 0001 Y
297 1 1 N N Y 2 0001 901,698 5933742 0 5933742 0001 Y
298 1 1 N Y 9,371.00 N 1 0001 471,386 5933882 0 5933882 0001 N
299 2 1 N N Y 1 0001 1,012,855 5934294 0 5934294 0001 Y
300 3 1 N N Y 1 0001 1,007,469 5935390 0 5935390 0001 Y
301 1 1 N N Y 1 0001 725,786 5936240 0 5936240 0001 Y
302 1 1 N N Y 3 0001 5,108,901 5936315 0 5936315 0001 Y
303 1 1 N N Y 1 0001 918,642 5936570 0 5936570 0001 Y
304 1 1 N N Y 2 0001 554,486 5936745 0 5936745 0001 Y
305 1 1 N N Y 1 0001 479,059 5938196 0 5938196 0001 Y
306 1 1 N N Y 3 0001 794,728 5938204 0 5938204 0001 Y
307 1 1 N N Y 1 0001 277,662 5938246 0 5938246 0001 Y
308 1 1 N N Y 3 0001 553,636 5938253 0 5938253 0001 Y
309 2 1 N N Y 1 0001 652,262 5938501 0 5938501 0001 Y
310 3 1 N N Y 1 0001 914,361 5938543 0 5938543 0001 Y
311 1 1 N Y 9,000.00 N 1 0001 541,252 5938774 0 5938774 0001 N
312 1 1 N N Y 1 0001 560,612 5938790 0 5938790 0001 Y
313 1 1 N N Y 1 0001 442,470 5938840 0 5938840 0001 Y
314 1 1 N N Y 1 0001 721,226 5938857 0 5938857 0001 Y
315 1 1 N N Y 1 0001 564,529 5939012 0 5939012 0001 Y
316 2 1 N N Y 1 0001 1,140,437 5939046 0 5939046 0001 Y
317 1 1 N N Y 1 0001 1,064,258 5939129 0 5939129 0001 Y
318 1 1 N N Y 1 0001 1,009,173 5939541 0 5939541 0001 Y
319 2 1 N N Y 1 0001 286,813 5940564 0 5940564 0001 Y
320 1 1 N N Y 1 0001 613,554 5940853 0 5940853 0001 Y
321 1 1 N N Y 1 0001 828,816 5941257 0 5941257 0001 Y
322 1 1 N N Y 1 0001 672,854 5941265 0 5941265 0001 Y
323 1 1 N N Y 1 0001 795,503 5941356 0 5941356 0001 Y
324 3 1 N N Y 2 0001 785,551 5941539 0 5941539 0001 Y
325 1 1 N N Y 3 0001 1,278,363 5941869 0 5941869 0001 Y
326 1 1 N N Y 1 0001 689,929 5941901 0 5941901 0001 Y
327 1 1 N N Y 1 0001 885,017 5941968 0 5941968 0001 Y
328 1 1 N N Y 1 0001 552,819 5942065 0 5942065 0001 Y
329 1 1 N N Y 1 0001 797,599 5942271 0 5942271 0001 Y
330 1 1 N N Y 1 0001 845,380 5942461 0 5942461 0001 Y
331 1 1 N N Y 1 0001 1,608,122 5942545 0 5942545 0001 Y
332 3 1 N N Y 1 0001 703,526 5942735 0 5942735 0001 Y
333 1 1 N N Y 1 0001 1,056,543 5942875 0 5942875 0001 Y
334 1 1 N N Y 2 0001 740,727 5943402 0 5943402 0001 Y
335 1 1 N N Y 1 0001 449,495 5943485 0 5943485 0001 Y
336 1 1 N N Y 1 0001 751,536 5943832 0 5943832 0001 Y
337 1 1 N N Y 1 0001 862,828 5944632 0 5944632 0001 Y
338 1 1 N N Y 1 0001 695,178 5944749 0 5944749 0001 Y
339 3 1 N N Y 1 0001 625,201 5944905 0 5944905 0001 Y
340 2 1 N N Y 2 0001 1,225,220 5945035 0 5945035 0001 Y
341 1 1 N N Y 2 0001 538,856 5945191 0 5945191 0001 Y
342 1 1 N N Y 1 0001 1,264,965 5945241 0 5945241 0001 Y
343 1 1 N N Y 1 0001 1,241,679 5945308 0 5945308 0001 Y
344 1 1 N N Y 3 0001 1,184,358 5945597 0 5945597 0001 Y
345 1 1 N N Y 1 0001 591,047 5945753 0 5945753 0001 Y
346 1 1 N N Y 1 0001 1,115,191 5945845 0 5945845 0001 Y
347 1 1 N N Y 1 0001 548,005 5946124 0 5946124 0001 Y
348 1 1 N N Y 2 0001 573,972 5946348 0 5946348 0001 Y
349 1 1 N N Y 1 0001 772,638 5946389 0 5946389 0001 Y
350 1 1 N N Y 1 0001 521,065 5946496 0 5946496 0001 Y
351 1 1 N N Y 1 0001 578,760 5946975 0 5946975 0001 Y
352 1 1 N N Y 1 0001 790,163 5946983 0 5946983 0001 Y
353 3 1 N N Y 1 0001 683,160 5947023 0 5947023 0001 Y
354 1 1 N N Y 1 0001 948,235 5947569 0 5947569 0001 Y
355 1 1 N N Y 1 0001 467,764 5947684 0 5947684 0001 Y
</TABLE>
D-18
<PAGE>
<TABLE>
<CAPTION>
Maximum Minimum Original
Loan-no City State Zip Index Margin Int rate Int rate Term
GROUP 1 LOANS
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
356 5947734 CHARLOTTE NC 28226 01 2.875 12.750 2.875 360
357 5948088 YORK PA 17404 01 3.000 13.375 3.000 360
358 5948195 GERMANTOWN MD 20874 01 3.000 13.125 3.000 360
359 5948492 CONCORD NC 28027 01 3.000 13.375 3.000 360
360 5948526 DOYLESTOWN PA 18901 01 3.000 13.500 3.000 360
361 5948989 MEDFORD MA 2155 01 3.000 13.625 3.000 360
362 5949276 BROOKLYN NY 11215 01 3.000 13.500 3.000 360
363 5949664 BRANDON FL 33510 01 3.000 12.250 3.000 360
364 5949672 CLOSTER NJ 7624 01 3.000 12.000 3.000 360
365 5950001 DURHAM NC 27713 01 3.000 12.875 3.000 360
366 5950340 TEANECK NJ 7666 01 3.000 13.375 3.000 360
367 5950365 GREENSBORO NC 27407 01 3.000 13.125 3.000 360
368 5950431 MOORESVILLE NC 28115 01 3.000 13.000 3.000 360
369 5950449 MEBANE NC 27302 01 3.000 12.875 3.000 360
370 5950753 SILVER SPRI MD 20905 01 3.000 13.375 3.000 360
371 5950910 DENVILLE NJ 7834 01 3.000 13.250 3.000 360
372 5950928 SHERRILLS F NC 28673 01 3.000 13.500 3.000 360
373 5950936 BELMONT NC 28012 01 3.000 12.875 3.000 360
374 5951041 GREENSBORO NC 27408 01 3.000 13.000 3.000 360
375 5951645 SUMMIT NJ 7901 01 3.000 13.250 3.000 360
376 5952072 BROWNS SUMM NC 27214 01 3.000 13.125 3.000 360
377 5952114 ROCKY POINT NC 28457 01 3.000 13.375 3.000 360
378 5952205 GREENVILLE NC 27858 01 2.875 12.875 2.875 360
379 5952254 LEXINGTON SC 29075 01 3.000 13.500 3.000 360
380 5952650 EDISON NJ 8820 01 3.000 13.250 3.000 360
381 5953096 GLOUCESTER NJ 8081 01 3.000 13.250 3.000 360
382 5953567 WEST NYACK NY 10994 01 3.000 13.375 3.000 360
383 5953641 HARRISBURG NC 28075 01 3.000 13.250 3.000 360
384 5953682 BALTIMORE MD 21237 01 3.000 12.250 3.000 360
385 5953732 SIMPSONVILL SC 29680 01 3.000 12.625 3.000 360
386 5953799 YORK PA 17404 01 3.000 13.000 3.000 360
387 5953815 MORRISTOWN NJ 7960 01 3.000 13.500 3.000 360
388 5953930 CHARLOTTE NC 28216 01 3.000 13.375 3.000 360
389 5953971 GREAT FALLS VA 22066 01 3.000 13.250 3.000 360
390 5953997 ASHEVILLE NC 28803 01 3.000 13.375 3.000 360
391 5954045 ATLANTA GA 30305 01 3.000 12.875 3.000 360
392 5954078 STAMFORD CT 6905 01 3.000 13.125 3.000 360
393 5954284 BEL AIR MD 21014 01 3.000 13.500 3.000 360
394 5954417 NORTH KINGS RI 2852 01 3.000 13.250 3.000 360
395 5954508 RIDGEWOOD NJ 7450 01 3.000 13.000 3.000 360
396 5954615 RICHMOND VA 23227 01 3.000 13.125 3.000 360
397 5954672 DOVER TOWNS NJ 8753 01 3.000 13.125 3.000 360
398 5954789 SHELBY NC 28152 01 3.000 12.000 3.000 360
399 5954912 DULUTH GA 30136 01 3.000 12.750 3.000 360
400 5955018 DOVER TOWNS NJ 8751 01 3.000 13.250 3.000 360
401 5955059 OLNEY MD 20832 01 3.000 11.750 3.000 360
402 5955232 CHARLOTTE NC 28205 01 3.000 12.875 3.000 360
403 5955372 CHARLOTTE NC 28270 01 3.000 12.500 3.000 360
404 5955604 MOUNT AIRY MD 21771 01 3.000 13.250 3.000 360
405 5955851 GLOUCESTER NJ 8081 01 3.000 12.750 3.000 360
406 5955935 CHESAPEAKE MD 20732 01 3.000 12.625 3.000 360
407 5956180 GLENSHAW PA 15116 01 3.000 12.750 3.000 360
408 5956248 MATTHEWS NC 28105 01 3.000 12.625 3.000 360
409 5956271 SOUTH BRUNS NJ 8810 01 3.000 13.000 3.000 360
410 5956289 CLIFTON NJ 7012 01 3.000 13.125 3.000 360
411 5956305 RALEIGH NC 27612 01 3.000 12.500 3.000 360
412 5956313 CHARLOTTE NC 28209 01 3.000 12.500 3.000 360
413 5956339 DAVIDSON NC 28036 01 3.000 12.750 3.000 360
414 5956362 CORNELIUS NC 28031 01 3.000 13.000 3.000 360
415 5956388 WEST MILFOR NJ 7480 01 3.000 13.250 3.000 360
</TABLE>
D-19
<PAGE>
<TABLE>
<CAPTION>
Original 03/01/98 Orig-
Remaining Principal Principal 1st due 03/01/98 inal Appraised Net
Term Bal Bal date p&i LTV Value Mtg Rate
GROUP 1 LOANS
<S> <C> <C> <C> <C> <C> <C> <C> <C>
356 352 188,800.00 187,366.24 08/01/97 1,224.55 80.00 236,000.00 5.570
357 355 112,800.00 112,190.28 10/01/97 779.09 80.00 141,000.00 6.195
358 352 180,500.00 179,169.55 07/01/97 1,216.07 95.00 190,000.00 5.945
359 352 116,900.00 116,079.47 07/01/97 807.40 94.98 123,085.00 6.195
360 352 164,300.00 163,174.75 07/01/97 1,148.81 94.97 173,000.00 6.320
361 353 173,350.00 172,323.68 08/01/97 1,226.96 94.99 182,500.00 6.445
362 355 580,000.00 577,376.61 09/01/97 4,055.45 80.00 725,000.00 6.320
363 353 71,250.00 70,381.66 08/01/97 438.70 95.00 75,000.00 5.070
364 355 245,600.00 244,114.54 10/01/97 1,472.50 80.00 307,000.00 4.820
365 353 100,800.00 100,108.83 08/01/97 662.18 80.00 126,000.00 5.695
366 353 90,000.00 79,200.58 09/01/97 621.61 45.00 200,000.00 6.195
367 352 115,650.00 114,797.56 07/01/97 779.16 90.00 128,500.00 5.945
368 352 144,800.00 143,830.83 08/01/97 963.36 73.32 197,500.00 5.820
369 353 193,000.00 191,623.16 08/01/97 1,267.87 89.77 215,000.00 5.695
370 353 144,600.00 143,700.58 08/01/97 998.72 79.89 181,000.00 6.195
371 354 390,000.00 388,066.41 09/01/97 2,627.51 79.59 490,000.00 6.070
372 354 264,000.00 262,602.51 09/01/97 1,845.93 80.00 330,000.00 6.320
373 353 131,550.00 130,597.22 08/01/97 864.19 94.98 138,500.00 5.695
374 353 148,500.00 147,506.05 08/01/97 987.98 90.00 165,000.00 5.820
375 354 572,000.00 568,819.30 09/01/97 3,902.05 80.00 715,000.00 6.070
376 354 111,200.00 110,566.29 09/01/97 749.18 80.00 139,000.00 5.945
377 352 80,750.00 80,183.12 07/01/97 557.73 95.00 85,000.00 6.195
378 353 91,650.00 91,019.90 08/01/97 602.08 94.97 96,500.00 5.695
379 353 92,500.00 91,938.59 08/01/97 646.78 79.74 116,000.00 6.320
380 354 195,500.00 194,412.93 09/01/97 1,333.65 89.99 217,250.00 6.070
381 357 116,900.00 116,531.89 12/01/97 797.47 89.99 129,900.00 6.070
382 353 138,600.00 137,737.88 08/01/97 957.28 90.00 154,000.00 6.195
383 354 117,550.00 116,896.33 09/01/97 801.90 94.98 123,759.00 6.070
384 354 99,750.00 99,044.30 09/01/97 598.06 95.00 105,000.00 4.820
385 356 98,550.00 98,110.42 11/01/97 631.03 89.62 109,970.00 5.445
386 355 196,650.00 195,682.89 11/01/97 1,308.32 95.00 207,000.00 5.820
387 353 216,000.00 214,689.12 08/01/97 1,510.31 95.00 216,000.00 6.320
388 356 141,400.00 140,757.14 11/01/97 976.62 95.00 148,845.00 6.195
389 353 355,500.00 353,233.90 08/01/97 2,425.14 90.00 395,000.00 6.070
390 354 326,400.00 324,629.09 09/01/97 2,254.36 80.00 408,000.00 6.195
391 354 169,500.00 168,485.86 09/01/97 1,113.50 79.95 212,000.00 5.695
392 354 412,000.00 409,420.88 09/01/97 2,775.73 80.00 515,000.00 5.945
393 352 91,200.00 88,596.11 08/01/97 637.69 80.00 114,000.00 6.320
394 354 248,000.00 246,620.94 09/01/97 1,691.80 80.00 310,000.00 6.070
395 354 359,920.00 358,123.82 10/01/97 2,394.56 80.00 449,900.00 5.820
396 354 108,800.00 108,179.96 09/01/97 733.01 80.00 136,000.00 5.945
397 354 58,000.00 57,669.46 09/01/97 390.76 56.86 102,000.00 5.945
398 354 135,000.00 133,926.77 09/01/97 755.96 90.00 150,000.00 4.195
399 355 249,300.00 247,993.87 10/01/97 1,616.96 90.00 277,000.00 5.570
400 354 125,100.00 124,404.30 09/01/97 853.41 90.00 139,000.00 6.070
401 355 170,050.00 168,866.76 10/01/97 939.03 95.00 179,000.00 4.070
402 353 112,600.00 111,926.27 09/01/97 739.71 80.00 140,750.00 5.695
403 354 145,000.00 143,998.27 09/01/97 916.50 62.10 233,500.00 5.320
404 354 170,000.00 169,054.69 09/01/97 1,159.70 77.80 218,500.00 6.070
405 353 100,000.00 99,344.57 09/01/97 648.60 72.28 138,353.00 5.570
406 354 129,600.00 128,786.17 09/01/97 829.85 89.07 145,500.00 5.445
407 354 85,950.00 85,415.17 09/01/97 557.47 92.92 92,500.00 5.570
408 354 208,000.00 206,693.91 09/01/97 1,331.85 80.00 260,000.00 5.445
409 359 155,000.00 154,745.16 02/01/98 1,031.22 94.01 164,876.00 5.820
410 354 115,000.00 114,344.65 09/01/97 774.78 71.88 160,000.00 5.945
411 354 92,800.00 92,203.12 09/01/97 586.56 94.98 97,700.00 5.320
412 354 113,000.00 112,273.17 09/01/97 714.24 61.08 185,000.00 5.320
413 354 336,000.00 333,940.48 09/01/97 2,179.29 80.00 420,000.00 5.570
414 354 123,500.00 122,163.60 09/01/97 821.65 95.00 130,000.00 5.820
415 355 119,200.00 118,633.54 10/01/97 813.16 80.00 149,000.00 6.070
</TABLE>
D-20
<PAGE>
<TABLE>
<CAPTION>
Lender
Property Paid CD pledge CD Convert- POOL-OUT
Type Occ MI (Y/N) Loan (Y/N) Amount ible Purp POOL-OUT
GROUP 1 LOANS
Loannum Outpool Conv-Y/N
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
356 1 1 N N Y 1 0001 1,043,630 5947734 0 5947734 0001 Y
357 1 1 N N Y 3 0001 695,019 5948088 0 5948088 0001 Y
358 2 1 N N Y 1 0001 1,065,163 5948195 0 5948195 0001 Y
359 1 1 N N Y 1 0001 719,112 5948492 0 5948492 0001 Y
360 1 1 N N Y 1 0001 1,031,264 5948526 0 5948526 0001 Y
361 1 1 N N Y 1 0001 1,110,626 5948989 0 5948989 0001 Y
362 5 1 N N Y 1 0001 3,649,020 5949276 0 5949276 0001 Y
363 1 1 N N Y 1 0001 356,835 5949664 0 5949664 0001 Y
364 1 1 N N Y 2 0001 1,176,632 5949672 0 5949672 0001 Y
365 1 1 N N Y 1 0001 570,120 5950001 0 5950001 0001 Y
366 1 1 N N Y 2 0001 490,648 5950340 0 5950340 0001 Y
367 1 1 N N Y 1 0001 682,471 5950365 0 5950365 0001 Y
368 1 1 N N Y 2 0001 837,095 5950431 0 5950431 0001 Y
369 1 1 N N Y 1 0001 1,091,294 5950449 0 5950449 0001 Y
370 1 1 N N Y 2 0001 890,225 5950753 0 5950753 0001 Y
371 1 1 N N Y 2 0001 2,355,563 5950910 0 5950910 0001 Y
372 1 1 N N Y 1 0001 1,659,648 5950928 0 5950928 0001 Y
373 1 1 N N Y 1 0001 743,751 5950936 0 5950936 0001 Y
374 1 1 N N Y 2 0001 858,485 5951041 0 5951041 0001 Y
375 1 1 N N Y 1 0001 3,452,733 5951645 0 5951645 0001 Y
376 1 1 N N Y 2 0001 657,317 5952072 0 5952072 0001 Y
377 1 1 N N Y 1 0001 496,734 5952114 0 5952114 0001 Y
378 1 1 N N Y 1 0001 518,358 5952205 0 5952205 0001 Y
379 1 1 N N Y 1 0001 581,052 5952254 0 5952254 0001 Y
380 1 1 N N Y 1 0001 1,180,086 5952650 0 5952650 0001 Y
381 1 1 N N Y 1 0001 707,349 5953096 0 5953096 0001 Y
382 1 1 N N Y 1 0001 853,286 5953567 0 5953567 0001 Y
383 1 1 N N Y 1 0001 709,561 5953641 0 5953641 0001 Y
384 1 1 N N Y 1 0001 477,394 5953682 0 5953682 0001 Y
385 1 1 N N Y 1 0001 534,211 5953732 0 5953732 0001 Y
386 1 1 N N Y 1 0001 1,138,874 5953799 0 5953799 0001 Y
387 3 1 N Y 10,800.00 N 1 0001 1,356,835 5953815 0 5953815 0001 N
388 1 1 N N Y 1 0001 871,990 5953930 0 5953930 0001 Y
389 1 1 N N Y 1 0001 2,144,130 5953971 0 5953971 0001 Y
390 1 1 N N Y 3 0001 2,011,077 5953997 0 5953997 0001 Y
391 1 1 N N Y 2 0001 959,527 5954045 0 5954045 0001 Y
392 1 1 N N Y 1 0001 2,434,007 5954078 0 5954078 0001 Y
393 2 3 N N Y 1 0001 559,927 5954284 0 5954284 0001 Y
394 1 1 N N Y 1 0001 1,496,989 5954417 0 5954417 0001 Y
395 1 1 N N Y 1 0001 2,084,281 5954508 0 5954508 0001 Y
396 1 1 N N Y 1 0001 643,130 5954615 0 5954615 0001 Y
397 1 1 N N Y 3 0001 342,845 5954672 0 5954672 0001 Y
398 1 1 N N Y 1 0001 561,823 5954789 0 5954789 0001 Y
399 1 1 N N Y 1 0001 1,381,326 5954912 0 5954912 0001 Y
400 1 1 N N Y 2 0001 755,134 5955018 0 5955018 0001 Y
401 1 1 N N Y 1 0001 687,288 5955059 0 5955059 0001 Y
402 1 1 N N Y 1 0001 637,420 5955232 0 5955232 0001 Y
403 1 1 N N Y 1 0001 766,071 5955372 0 5955372 0001 Y
404 1 1 N N Y 2 0001 1,026,162 5955604 0 5955604 0001 Y
405 1 1 N N Y 1 0001 553,349 5955851 0 5955851 0001 Y
406 2 1 N N Y 2 0001 701,241 5955935 0 5955935 0001 Y
407 1 1 N N Y 1 0001 475,762 5956180 0 5956180 0001 Y
408 1 1 N N Y 3 0001 1,125,448 5956248 0 5956248 0001 Y
409 3 1 N N Y 1 0001 900,617 5956271 0 5956271 0001 Y
410 3 1 N N Y 1 0001 679,779 5956289 0 5956289 0001 Y
411 2 1 N N Y 1 0001 490,521 5956305 0 5956305 0001 Y
412 1 1 N N Y 2 0001 597,293 5956313 0 5956313 0001 Y
413 1 1 N N Y 1 0001 1,860,048 5956339 0 5956339 0001 Y
414 3 1 N N Y 1 0001 710,992 5956362 0 5956362 0001 Y
415 1 1 N N Y 3 0001 720,106 5956388 0 5956388 0001 Y
</TABLE>
D-21
<PAGE>
<TABLE>
<CAPTION>
Maximum Minimum Original
Loan-no City State Zip Index Margin Int rate Int rate Term
GROUP 1 LOANS
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
416 5956420 CORNELIUS NC 28031 01 3.000 12.875 3.000 360
417 5956503 WAXHAW NC 28173 01 3.000 12.875 3.000 360
418 5956628 TANEYTOWN MD 21787 01 3.000 13.125 3.000 360
419 5956727 SUWANEE GA 30174 01 3.000 13.375 3.000 360
420 5957048 PASADENA MD 21122 01 3.000 13.375 3.000 360
421 5957055 SILVER SPRI MD 20906 01 3.000 12.875 3.000 360
422 5957170 ROANOKE VA 24018 01 3.000 12.500 3.000 360
423 5957212 GREAT FALLS VA 22066 01 3.000 13.250 3.000 360
424 5957295 HOBOKEN NJ 7030 01 3.000 13.125 3.000 360
425 5957311 TEANECK NJ 7666 01 3.000 13.250 3.000 360
426 5957386 GREENSBORO NC 27408 01 3.000 13.000 3.000 360
427 5957527 GREENSBORO NC 27455 01 3.000 13.125 3.000 360
428 5957543 GERMANTOWN MD 20874 01 3.000 12.250 3.000 360
429 5957592 GLEN ROCK NJ 7452 01 3.000 13.125 3.000 360
430 5957618 HUNTERSVILL NC 28078 01 3.000 12.625 3.000 360
431 5957725 PHILADELPHI PA 19147 01 3.000 12.250 3.000 360
432 5957741 ARLINGTON VA 22209 01 3.000 13.375 3.000 360
433 5957774 MILFORD MA 1757 01 3.000 12.500 3.000 360
434 5957790 PLYMOUTH MA 2360 01 3.000 13.250 3.000 360
435 5957972 WOODSTOCK GA 30189 01 3.000 12.625 3.000 360
436 5957980 WAKE FOREST NC 27587 01 3.000 13.000 3.000 360
437 5958095 BLACKWOOD NJ 8012 01 3.000 13.250 3.000 360
438 5958103 NEW ROCHELL NY 10801 01 3.000 13.250 3.000 360
439 5958194 YORKTOWN NY 10598 01 3.000 12.750 3.000 360
440 5958202 SADDLE RIVE NJ 7458 01 3.000 13.250 3.000 360
441 5958210 BERNARDS NJ 7920 01 3.000 13.375 3.000 360
442 5958236 ATLANTA GA 30328 01 3.000 12.750 3.000 360
443 5958343 HYATTSVILLE MD 20782 01 3.000 13.250 3.000 360
444 5958384 PRINCETON NJ 8540 01 3.000 13.125 3.000 360
445 5958392 RALEIGH NC 27615 01 3.000 12.875 3.000 360
446 5958418 DAVIDSON NC 28036 01 3.000 13.375 3.000 360
447 5958467 MONETA VA 24121 01 3.000 13.250 3.000 360
448 5958475 CHARLOTTE NC 28211 01 3.000 12.000 3.000 360
449 5958624 ROCKY MOUNT VA 24151 01 3.000 13.250 3.000 360
450 5958731 BRISTOL RI 2809 01 3.000 12.125 3.000 360
451 5958749 FREEHOLD BO NJ 7728 01 3.000 12.250 3.000 360
452 5958756 MORGANVILLE NJ 7751 01 3.000 13.000 3.000 360
453 5958798 IRVINGTON VA 22480 01 3.000 13.125 3.000 360
454 5958988 WRIGHTSVILL NC 28480 01 3.000 13.375 3.000 360
455 5959051 GAITHERSBUR MD 20882 01 3.000 12.625 3.000 360
456 5959127 OAK RIDGE NC 27310 01 3.000 12.750 3.000 360
457 5959390 FUQUAY-VARI NC 27526 01 3.000 13.125 3.000 360
458 5959416 PHOENIX MD 21131 01 3.000 12.500 3.000 360
459 5959432 DURHAM NC 27713 01 3.000 12.500 3.000 360
460 5959440 ROCKY MOUNT NC 27803 01 3.000 13.000 3.000 360
461 5959531 LAURINBURG NC 28352 01 3.000 12.375 3.000 360
462 5959556 HERNDON VA 20171 01 3.000 12.250 3.000 360
463 5959838 ROANOKE VA 24018 01 3.000 12.500 3.000 360
464 5959895 WILMINGTON NC 28409 01 3.000 12.500 3.000 360
465 5959903 STAFFORD VA 22554 01 3.000 11.500 3.000 360
466 5959952 VIRGINIA BE VA 23456 01 3.000 12.000 3.000 360
467 5959994 GREEN TOWNS NJ 7821 01 3.000 13.125 3.000 360
468 5960034 MOUNT AIRY MD 21771 01 3.000 13.000 3.000 360
469 5960133 FLEMINGTON NJ 8822 01 3.000 11.875 3.000 360
470 5960166 POOLESVILLE MD 20837 01 3.000 13.625 3.000 360
471 5960232 TIMBERLAKE NC 27583 01 3.000 12.625 3.000 360
472 5960265 GREENSBORO NC 27410 01 3.000 12.500 3.000 360
473 5960331 CENTREVILLE VA 20120 01 3.000 13.375 3.000 360
474 5960497 SILVER SPRI MD 20910 01 3.000 13.250 3.000 360
475 5960521 MANASSAS VA 20112 01 3.000 12.750 3.000 360
</TABLE>
D-22
<PAGE>
<TABLE>
<CAPTION>
Original 03/01/98 Orig-
Remaining Principal Principal 1st due 03/01/98 inal Appraised Net
Term Bal Bal date p&i LTV Value Mtg Rate
GROUP 1 LOANS
<S> <C> <C> <C> <C> <C> <C> <C> <C>
416 354 100,000.00 99,401.70 09/01/97 656.93 80.00 125,000.00 5.695
417 353 167,200.00 165,441.36 08/01/97 1,098.38 95.00 176,000.00 5.695
418 354 103,200.00 102,406.82 09/01/97 695.28 80.00 129,000.00 5.945
419 353 132,700.00 131,874.59 08/01/97 916.53 89.97 147,500.00 6.195
420 354 200,000.00 198,914.80 09/01/97 1,381.36 72.73 275,000.00 6.195
421 353 126,350.00 125,483.58 08/01/97 830.03 95.00 133,000.00 5.695
422 355 254,000.00 252,603.45 10/01/97 1,605.46 80.00 317,500.00 5.320
423 354 351,000.00 349,048.21 09/01/97 2,394.44 79.95 439,000.00 6.070
424 354 220,000.00 218,746.33 09/01/97 1,482.18 80.00 275,000.00 5.945
425 355 180,000.00 179,144.66 09/01/97 1,227.92 90.00 200,000.00 6.070
426 356 650,000.00 647,304.73 11/01/97 4,324.47 65.00 1,000,000.00 5.820
427 353 118,000.00 116,933.36 08/01/97 794.99 77.28 152,700.00 5.945
428 353 122,800.00 121,825.36 08/01/97 756.11 79.98 153,542.00 5.070
429 356 190,000.00 189,231.20 11/01/97 1,280.07 78.84 241,000.00 5.945
430 354 170,000.00 168,831.41 09/01/97 1,088.53 48.02 354,000.00 5.445
431 355 243,200.00 241,797.32 10/01/97 1,497.42 80.00 304,000.00 5.070
432 354 308,000.00 306,328.91 09/01/97 2,127.28 78.97 390,000.00 6.195
433 354 160,550.00 159,517.33 09/01/97 1,014.79 95.00 169,000.00 5.320
434 355 251,750.00 250,553.71 10/01/97 1,717.38 95.00 265,000.00 6.070
435 355 203,500.00 202,407.72 10/01/97 1,303.04 89.06 228,500.00 5.445
436 354 600,000.00 595,934.87 09/01/97 4,195.29 78.95 760,000.00 6.070
437 354 95,000.00 94,471.72 09/01/97 648.07 78.51 121,000.00 6.070
438 354 148,000.00 147,176.97 09/01/97 1,009.63 80.00 185,000.00 6.070
439 354 380,000.00 377,670.73 09/01/97 2,464.68 80.00 475,000.00 5.570
440 354 322,000.00 320,469.90 10/01/97 2,196.61 71.56 450,000.00 6.070
441 355 316,000.00 314,534.91 10/01/97 2,182.54 80.00 395,000.00 6.195
442 354 93,000.00 79,567.46 09/01/97 603.20 26.57 350,000.00 5.570
443 354 172,000.00 171,043.52 09/01/97 1,173.35 80.00 215,000.00 6.070
444 354 850,000.00 845,156.27 09/01/97 5,726.61 77.27 1,100,000.00 5.945
445 354 148,650.00 147,760.61 09/01/97 976.53 94.98 156,500.00 5.695
446 355 125,300.00 124,719.06 10/01/97 865.42 94.99 131,915.00 6.195
447 354 51,500.00 51,213.57 09/01/97 351.33 60.59 85,000.00 6.070
448 354 556,000.00 551,877.61 09/01/97 3,244.67 80.00 695,000.00 4.570
449 354 110,000.00 109,051.76 10/01/97 750.40 51.28 214,500.00 6.070
450 355 871,000.00 865,855.38 10/01/97 5,292.29 65.00 1,340,000.00 4.945
451 355 60,000.00 59,582.83 10/01/97 369.44 75.00 80,000.00 5.070
452 355 132,000.00 131,452.65 11/01/97 878.20 75.00 176,000.00 5.820
453 354 99,000.00 98,435.79 09/01/97 666.99 90.00 110,000.00 5.945
454 354 229,000.00 227,757.49 09/01/97 1,581.65 69.18 331,000.00 6.195
455 358 246,750.00 246,313.39 02/01/98 1,579.97 75.00 329,000.00 5.445
456 353 143,000.00 142,092.73 09/01/97 927.50 89.99 158,900.00 5.570
457 353 113,900.00 113,155.97 08/01/97 767.37 95.00 119,900.00 5.945
458 354 320,000.00 317,941.78 09/01/97 2,022.62 65.98 485,000.00 5.320
459 354 87,500.00 86,937.21 09/01/97 553.06 63.64 137,500.00 5.320
460 355 64,000.00 63,376.69 10/01/97 425.79 80.00 80,000.00 5.820
461 354 155,300.00 154,276.95 09/01/97 968.87 94.98 163,500.00 5.195
462 355 206,800.00 205,607.19 10/01/97 1,273.31 80.00 258,500.00 5.070
463 354 124,000.00 123,202.42 09/01/97 783.77 80.00 155,000.00 5.320
464 354 163,200.00 162,150.29 09/01/97 1,031.54 80.00 204,000.00 5.320
465 354 90,000.00 89,300.80 09/01/97 511.02 47.76 188,440.00 4.320
466 354 246,400.00 244,253.19 09/01/97 1,303.97 80.00 308,000.00 3.695
467 354 131,100.00 130,352.90 09/01/97 883.25 95.00 138,000.00 5.945
468 357 213,750.00 213,042.97 12/01/97 1,422.09 95.00 225,000.00 5.820
469 356 184,800.00 183,848.63 11/01/97 1,093.17 80.00 231,000.00 4.695
470 354 261,150.00 259,738.53 09/01/97 1,848.41 95.00 274,900.00 6.445
471 356 157,000.00 156,298.83 11/01/97 1,005.29 93.45 168,000.00 5.445
472 354 107,950.00 107,255.66 09/01/97 682.32 85.00 127,000.00 5.320
473 354 257,000.00 255,528.92 09/01/97 1,775.04 89.86 286,000.00 6.195
474 354 204,000.00 202,865.62 09/01/97 1,391.64 80.00 255,000.00 6.070
475 354 212,800.00 211,485.15 09/01/97 1,380.22 95.00 224,000.00 5.570
</TABLE>
D-23
<PAGE>
<TABLE>
<CAPTION>
Lender
Property Paid CD pledge CD Convert- POOL-OUT
Type Occ MI (Y/N) Loan (Y/N) Amount ible Purp POOL-OUT
GROUP 1 LOANS
Loannum Outpool Conv-Y/N
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
416 1 1 N N Y 3 0001 566,093 5956420 0 5956420 0001 Y
417 1 1 N N Y 1 0001 942,189 5956503 0 5956503 0001 Y
418 1 1 N N Y 3 0001 608,809 5956628 0 5956628 0001 Y
419 1 1 N N Y 1 0001 816,963 5956727 0 5956727 0001 Y
420 1 1 N N Y 2 0001 1,232,277 5957048 0 5957048 0001 Y
421 1 1 N N Y 1 0001 714,629 5957055 0 5957055 0001 Y
422 1 1 N N Y 1 0001 1,343,850 5957170 0 5957170 0001 Y
423 1 1 N N Y 1 0001 2,118,723 5957212 0 5957212 0001 Y
424 2 1 N N Y 3 0001 1,300,447 5957295 0 5957295 0001 Y
425 1 1 N N Y 1 0001 1,087,408 5957311 0 5957311 0001 Y
426 1 1 N N Y 2 0001 3,767,314 5957386 0 5957386 0001 Y
427 1 1 N N Y 1 0001 695,169 5957527 0 5957527 0001 Y
428 2 1 N N Y 1 0001 617,655 5957543 0 5957543 0001 Y
429 1 1 N N Y 2 0001 1,124,979 5957592 0 5957592 0001 Y
430 1 1 N N Y 1 0001 919,287 5957618 0 5957618 0001 Y
431 2 1 N N Y 1 0001 1,225,912 5957725 0 5957725 0001 Y
432 3 1 N N Y 2 0001 1,897,708 5957741 0 5957741 0001 Y
433 1 1 N N Y 1 0001 848,632 5957774 0 5957774 0001 Y
434 1 1 N N Y 1 0001 1,520,861 5957790 0 5957790 0001 Y
435 1 1 N N Y 1 0001 1,102,110 5957972 0 5957972 0001 Y
436 1 1 N N Y 2 0001 3,617,325 5957980 0 5957980 0001 Y
437 2 1 N N Y 3 0001 573,443 5958095 0 5958095 0001 Y
438 1 1 N N Y 1 0001 893,364 5958103 0 5958103 0001 Y
439 1 1 N N Y 1 0001 2,103,626 5958194 0 5958194 0001 Y
440 1 1 N N Y 2 0001 1,945,252 5958202 0 5958202 0001 Y
441 1 1 N N Y 2 0001 1,948,544 5958210 0 5958210 0001 Y
442 1 1 N N Y 2 0001 443,191 5958236 0 5958236 0001 Y
443 1 1 N N Y 1 0001 1,038,234 5958343 0 5958343 0001 Y
444 1 1 N N Y 1 0001 5,024,454 5958384 0 5958384 0001 Y
445 1 1 N N Y 1 0001 841,497 5958392 0 5958392 0001 Y
446 3 1 N N Y 1 0001 772,635 5958418 0 5958418 0001 Y
447 1 1 N N Y 2 0001 310,866 5958467 0 5958467 0001 Y
448 1 1 N N Y 3 0001 2,522,081 5958475 0 5958475 0001 Y
449 1 1 N N Y 1 0001 661,944 5958624 0 5958624 0001 Y
450 1 1 N N Y 3 0001 4,281,655 5958731 0 5958731 0001 Y
451 3 1 N N Y 2 0001 302,085 5958749 0 5958749 0001 Y
452 1 1 N N Y 3 0001 765,054 5958756 0 5958756 0001 Y
453 1 1 N N Y 1 0001 585,201 5958798 0 5958798 0001 Y
454 1 1 N N Y 3 0001 1,410,958 5958988 0 5958988 0001 Y
455 1 1 N N Y 3 0001 1,341,176 5959051 0 5959051 0001 Y
456 1 1 N N Y 1 0001 791,457 5959127 0 5959127 0001 Y
457 1 1 N N Y 1 0001 672,712 5959390 0 5959390 0001 Y
458 1 1 N N Y 3 0001 1,691,450 5959416 0 5959416 0001 Y
459 1 1 N N Y 1 0001 462,506 5959432 0 5959432 0001 Y
460 1 1 N N Y 2 0001 368,852 5959440 0 5959440 0001 Y
461 1 1 N N Y 1 0001 801,469 5959531 0 5959531 0001 Y
462 1 1 N N Y 1 0001 1,042,428 5959556 0 5959556 0001 Y
463 1 1 N N Y 1 0001 655,437 5959838 0 5959838 0001 Y
464 1 1 N N Y 1 0001 862,640 5959895 0 5959895 0001 Y
465 1 1 N N Y 1 0001 385,779 5959903 0 5959903 0001 Y
466 1 1 N N Y 1 0001 902,516 5959952 0 5959952 0001 Y
467 1 1 N N Y 1 0001 774,948 5959994 0 5959994 0001 Y
468 1 1 N N Y 1 0001 1,239,910 5960034 0 5960034 0001 Y
469 1 1 N N Y 1 0001 863,169 5960133 0 5960133 0001 Y
470 1 1 N N Y 1 0001 1,674,015 5960166 0 5960166 0001 Y
471 1 1 N N Y 1 0001 851,047 5960232 0 5960232 0001 Y
472 1 1 N N Y 1 0001 570,600 5960265 0 5960265 0001 Y
473 1 1 N N Y 2 0001 1,583,002 5960331 0 5960331 0001 Y
474 1 1 N N Y 3 0001 1,231,394 5960497 0 5960497 0001 Y
475 1 1 N N Y 1 0001 1,177,972 5960521 0 5960521 0001 Y
</TABLE>
D-24
<PAGE>
<TABLE>
<CAPTION>
Maximum Minimum Original
Loan-no City State Zip Index Margin Int rate Int rate Term
GROUP 1 LOANS
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
476 5960562 BOSTON MA 2118 01 3.000 12.375 3.000 360
477 5960653 WASHINGTON DC 20007 01 3.000 13.375 3.000 360
478 5960737 ASHBURN VA 20147 01 3.000 12.000 3.000 360
479 5960745 ANNAPOLIS MD 21403 01 3.000 11.875 3.000 360
480 5960752 KING GEORGE VA 22485 01 3.000 12.750 3.000 360
481 5960760 CAMBRIDGE MA 2140 01 3.000 13.375 3.000 360
482 5960802 RICHMOND VA 23226 01 3.000 12.500 3.000 360
483 5960885 BETHEL CT 6801 01 3.000 13.125 3.000 360
484 5960935 GLEN BURNIE MD 21061 01 3.000 12.875 3.000 360
485 5960950 SPRINGFIELD VA 22153 01 3.000 13.250 3.000 360
486 5960984 GREENWICH CT 6831 01 3.000 12.750 3.000 360
487 5961024 WILMINGTON NC 28403 01 3.000 12.750 3.000 360
488 5961099 SILVER SPRI MD 20902 01 3.000 13.250 3.000 360
489 5961255 ELLICOTT CI MD 21043 01 3.000 12.750 3.000 360
490 5961271 GERMANTOWN MD 20876 01 3.000 13.250 3.000 360
491 5961321 FAIRFIELD CT 6432 01 3.000 13.125 3.000 360
492 5961347 ELLICOTT CI MD 21043 01 3.000 12.250 3.000 360
493 5961412 CONCORD NC 28027 01 3.000 12.750 3.000 360
494 5961560 CHARLOTTE NC 28277 01 3.000 12.375 3.000 360
495 5961578 FOREST HILL MD 21050 01 3.000 12.500 3.000 360
496 5961644 RALEIGH NC 27612 01 3.000 12.375 3.000 360
497 5961669 WINCHESTER VA 22601 01 3.000 13.125 3.000 360
498 5961735 FAIRFIELD CT 6430 01 3.000 13.125 3.000 360
499 5961784 ATHENS GA 30605 01 3.000 13.125 3.000 360
500 5961826 ANNAPOLIS MD 21401 01 3.000 12.500 3.000 360
501 5961867 ANNAPOLIS MD 21403 01 3.000 13.250 3.000 360
502 5961909 DUNWOODY GA 30338 01 3.000 12.500 3.000 360
503 5961982 NORCROSS GA 30092 01 3.000 12.375 3.000 360
504 5961990 SCHWENKSVIL PA 19473 01 3.000 13.125 3.000 360
505 5962063 NANJEMOY MD 20662 01 3.000 13.125 3.000 360
506 5962071 CHARLOTTE NC 28213 01 3.000 12.750 3.000 360
507 5962089 RESTON VA 20194 01 3.000 12.875 3.000 360
508 5962113 RALEIGH NC 27605 01 3.000 12.500 3.000 360
509 5962147 JEFFERSON T NJ 7849 01 3.000 11.875 3.000 360
510 5962196 SILVER SPRI MD 20902 01 3.000 12.625 3.000 360
511 5962204 CENTREVILLE VA 20120 01 3.000 13.000 3.000 360
512 5962279 MOORESTOWN NJ 8057 01 3.000 12.875 3.000 360
513 5962287 DALEVILLE VA 24083 01 3.000 13.125 3.000 360
514 5962303 MARIETTA GA 30062 01 3.000 12.375 3.000 360
515 5962329 CHARLOTTE NC 28277 01 3.000 12.750 3.000 360
516 5962360 KNIGHTDALE NC 27545 01 3.000 12.500 3.000 360
517 5962451 MATTHEWS NC 28105 01 3.000 12.500 3.000 360
518 5962477 VIRGINIA BE VA 23451 01 3.000 12.875 3.000 360
519 5962485 CARY NC 27513 01 3.000 12.500 3.000 360
520 5962493 BALTIMORE MD 21209 01 3.000 12.250 3.000 360
521 5962501 RESTON VA 20191 01 3.000 12.375 3.000 360
522 5962519 RALEIGH NC 27604 01 3.000 12.375 3.000 360
523 5962618 CHURCHVILLE MD 21028 01 3.000 12.750 3.000 360
524 5962626 WINSTON-SAL NC 27105 01 3.000 13.000 3.000 360
525 5962642 SILVER SPRI MD 20904 01 3.000 13.125 3.000 360
526 5962667 CARRBORO NC 27510 01 3.000 13.250 3.000 360
527 5962717 FINKSBURG MD 21048 01 3.000 12.500 3.000 360
528 5962725 CLEARWATER FL 33755 01 3.000 12.750 3.000 360
529 5962741 OWINGS MILL MD 21117 01 3.000 11.875 3.000 360
530 5962774 MASON OH 45040 01 3.000 13.000 3.000 360
531 5962782 SOUTH ORANG NJ 7079 01 3.000 13.375 3.000 360
532 5962816 HERNDON VA 20170 01 3.000 12.875 3.000 360
533 5962832 MITCHELLVIL MD 20721 01 3.000 13.000 3.000 360
534 5962881 FAIRFAX VA 22032 01 3.000 13.250 3.000 360
535 5962899 NORCROSS GA 30092 01 3.000 13.000 3.000 360
</TABLE>
D-25
<PAGE>
<TABLE>
<CAPTION>
Original 03/01/98 Orig-
Remaining Principal Principal 1st due 03/01/98 inal Appraised Net
Term Bal Bal date p&i LTV Value Mtg Rate
GROUP 1 LOANS
<S> <C> <C> <C> <C> <C> <C> <C> <C>
476 354 431,200.00 428,359.40 09/01/97 2,690.13 80.00 539,000.00 5.195
477 354 312,800.00 311,094.90 09/01/97 2,160.44 80.00 391,000.00 6.195
478 354 207,000.00 205,748.02 10/01/97 1,241.07 90.00 230,000.00 4.820
479 355 145,350.00 144,449.84 10/01/97 859.81 90.00 161,500.00 4.695
480 354 246,000.00 244,492.08 09/01/97 1,595.56 64.74 380,000.00 5.570
481 354 525,000.00 522,565.94 10/01/97 3,626.05 76.42 687,000.00 6.195
482 355 122,400.00 121,726.98 10/01/97 773.66 90.00 136,000.00 5.320
483 355 229,900.00 228,780.41 10/01/97 1,548.88 95.00 242,000.00 5.945
484 353 66,500.00 66,102.12 09/01/97 436.86 95.00 70,000.00 5.695
485 354 185,600.00 184,567.93 09/01/97 1,266.12 80.00 232,000.00 6.070
486 357 1,000,000.00 801,162.69 12/01/97 6,485.99 54.35 1,840,000.00 5.570
487 354 70,000.00 69,301.50 09/01/97 454.02 65.42 107,000.00 5.570
488 353 120,000.00 119,332.66 09/01/97 818.62 80.00 150,000.00 6.070
489 355 157,000.00 156,177.46 10/01/97 1,018.30 78.50 200,000.00 5.570
490 354 196,800.00 195,705.62 09/01/97 1,342.53 80.00 246,000.00 6.070
491 354 252,000.00 250,772.73 10/01/97 1,697.78 90.00 280,000.00 5.945
492 354 218,700.00 217,224.48 09/01/97 1,346.58 90.00 243,000.00 5.070
493 354 180,750.00 179,802.98 10/01/97 1,172.35 79.79 226,542.00 5.570
494 355 90,000.00 89,493.13 10/01/97 561.49 70.87 127,000.00 5.195
495 354 189,450.00 188,231.45 09/01/97 1,197.46 90.00 210,500.00 5.320
496 354 189,000.00 187,754.89 09/01/97 1,179.12 90.00 210,000.00 5.195
497 356 85,500.00 85,154.05 11/01/97 576.03 90.00 95,000.00 5.945
498 353 129,000.00 128,264.88 09/01/97 869.10 75.00 172,000.00 5.945
499 354 67,195.00 66,812.06 09/01/97 452.71 89.00 75,500.00 5.945
500 354 479,800.00 476,713.95 09/01/97 3,032.67 80.00 599,750.00 5.320
501 354 455,250.00 452,718.49 09/01/97 3,105.61 75.00 607,000.00 6.070
502 354 207,000.00 205,668.57 09/01/97 1,308.39 77.53 267,000.00 5.320
503 355 118,600.00 117,932.09 10/01/97 739.91 79.97 148,300.00 5.195
504 354 142,200.00 141,388.78 09/01/97 958.03 90.00 158,000.00 5.945
505 355 169,350.00 168,525.24 10/01/97 1,140.95 94.98 178,300.00 5.945
506 354 87,400.00 86,864.25 09/01/97 566.88 95.00 92,000.00 5.570
507 355 228,750.00 227,580.26 10/01/97 1,502.73 75.00 305,000.00 5.695
508 354 142,400.00 141,484.06 09/01/97 900.07 80.00 178,000.00 5.320
509 354 140,000.00 138,986.01 09/01/97 828.16 52.83 265,000.00 4.695
510 355 161,500.00 160,633.14 10/01/97 1,034.11 87.53 184,500.00 5.445
511 354 117,000.00 116,316.76 09/01/97 778.41 90.00 130,000.00 5.820
512 359 468,000.00 467,211.39 02/01/98 3,074.43 80.00 585,020.00 5.695
513 354 132,000.00 131,247.78 09/01/97 889.31 80.00 165,000.00 5.945
514 354 191,900.00 189,916.90 10/01/97 1,197.21 79.99 239,900.00 5.195
515 354 180,000.00 178,896.66 09/01/97 1,167.48 73.17 246,000.00 5.570
516 354 115,400.00 114,549.98 09/01/97 729.41 94.98 121,500.00 5.320
517 354 118,000.00 117,241.05 09/01/97 745.84 89.39 132,000.00 5.320
518 354 130,600.00 129,818.62 09/01/97 857.95 94.98 137,500.00 5.695
519 355 123,000.00 122,203.15 10/01/97 777.45 79.97 153,800.00 5.320
520 354 65,000.00 64,561.45 09/01/97 400.22 40.63 160,000.00 5.070
521 354 121,600.00 120,580.20 09/01/97 758.63 80.00 152,000.00 5.195
522 355 99,000.00 98,442.43 10/01/97 617.64 79.84 124,000.00 5.195
523 355 198,000.00 196,962.63 10/01/97 1,284.23 79.20 250,000.00 5.570
524 354 109,250.00 107,999.66 09/01/97 726.85 95.00 115,000.00 5.820
525 355 185,600.00 184,696.09 10/01/97 1,250.43 80.00 232,000.00 5.945
526 354 159,800.00 158,911.41 09/01/97 1,090.12 94.00 170,000.00 6.070
527 353 500,000.00 496,784.01 09/01/97 3,160.35 72.46 690,000.00 5.320
528 358 60,000.00 59,844.15 01/01/98 389.16 75.00 80,000.00 5.570
529 355 213,500.00 212,177.83 10/01/97 1,262.94 88.22 242,000.00 4.695
530 355 161,300.00 160,495.00 10/01/97 1,073.14 95.00 169,791.00 5.820
531 354 234,650.00 233,376.87 09/01/97 1,620.67 95.00 247,000.00 6.195
532 355 489,500.00 486,996.93 10/01/97 3,215.67 80.00 611,875.00 5.695
533 354 165,000.00 164,036.53 09/01/97 1,097.75 76.39 216,000.00 5.820
534 354 187,150.00 186,109.28 09/01/97 1,276.70 95.00 197,000.00 6.070
535 354 184,775.00 183,696.00 09/01/97 1,229.32 95.00 194,500.00 5.820
</TABLE>
D-26
<PAGE>
<TABLE>
<CAPTION>
Lender
Property Paid CD pledge CD Convert- POOL-OUT
Type Occ MI (Y/N) Loan (Y/N) Amount ible Purp POOL-OUT
GROUP 1 LOANS
Loannum Outpool Conv-Y/N
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
476 2 1 N N Y 1 0001 2,225,327 5960562 0 5960562 0001 Y
477 2 1 N N Y 1 0001 1,927,233 5960653 0 5960653 0001 Y
478 1 1 N N Y 1 0001 991,705 5960737 0 5960737 0001 Y
479 3 1 N N Y 1 0001 678,192 5960745 0 5960745 0001 Y
480 1 1 N N Y 2 0001 1,361,821 5960752 0 5960752 0001 Y
481 1 1 N N Y 2 0001 3,237,296 5960760 0 5960760 0001 Y
482 1 1 N N Y 1 0001 647,588 5960802 0 5960802 0001 Y
483 1 1 N N Y 1 0001 1,360,100 5960885 0 5960885 0001 Y
484 3 1 N N Y 1 0001 376,452 5960935 0 5960935 0001 Y
485 1 1 N N Y 2 0001 1,120,327 5960950 0 5960950 0001 Y
486 1 1 N N Y 1 0001 4,462,476 5960984 0 5960984 0001 Y
487 2 1 N N Y 1 0001 386,009 5961024 0 5961024 0001 Y
488 1 1 N N Y 3 0001 724,349 5961099 0 5961099 0001 Y
489 1 1 N N Y 2 0001 869,908 5961255 0 5961255 0001 Y
490 1 1 N N Y 2 0001 1,187,933 5961271 0 5961271 0001 Y
491 1 1 N N Y 1 0001 1,490,844 5961321 0 5961321 0001 Y
492 1 1 N N Y 1 0001 1,101,328 5961347 0 5961347 0001 Y
493 1 1 N N Y 1 0001 1,001,503 5961412 0 5961412 0001 Y
494 1 1 N N Y 2 0001 464,917 5961560 0 5961560 0001 Y
495 1 1 N N Y 1 0001 1,001,391 5961578 0 5961578 0001 Y
496 1 1 N N Y 1 0001 975,387 5961644 0 5961644 0001 Y
497 1 1 N N Y 1 0001 506,241 5961669 0 5961669 0001 Y
498 1 1 N N Y 3 0001 762,535 5961735 0 5961735 0001 Y
499 3 1 N N Y 1 0001 397,198 5961784 0 5961784 0001 Y
500 1 1 N N Y 1 0001 2,536,118 5961826 0 5961826 0001 Y
501 1 1 N N Y 3 0001 2,748,001 5961867 0 5961867 0001 Y
502 1 1 N N Y 1 0001 1,094,157 5961909 0 5961909 0001 Y
503 1 1 N N Y 1 0001 612,657 5961982 0 5961982 0001 Y
504 1 1 N N Y 2 0001 840,556 5961990 0 5961990 0001 Y
505 1 1 N N Y 1 0001 1,001,883 5962063 0 5962063 0001 Y
506 3 1 N N Y 1 0001 483,834 5962071 0 5962071 0001 Y
507 1 1 N N Y 3 0001 1,296,070 5962089 0 5962089 0001 Y
508 1 1 N N Y 1 0001 752,695 5962113 0 5962113 0001 Y
509 1 1 N N Y 2 0001 652,539 5962147 0 5962147 0001 Y
510 1 1 N N Y 2 0001 874,647 5962196 0 5962196 0001 Y
511 2 1 N N Y 2 0001 676,964 5962204 0 5962204 0001 Y
512 1 1 N N Y 1 0001 2,660,769 5962279 0 5962279 0001 Y
513 1 1 N N Y 2 0001 780,268 5962287 0 5962287 0001 Y
514 1 1 N N Y 1 0001 986,618 5962303 0 5962303 0001 Y
515 1 1 N N Y 3 0001 996,454 5962329 0 5962329 0001 Y
516 1 1 N N Y 1 0001 609,406 5962360 0 5962360 0001 Y
517 1 1 N N Y 1 0001 623,722 5962451 0 5962451 0001 Y
518 1 1 N N Y 1 0001 739,317 5962477 0 5962477 0001 Y
519 1 1 N N Y 1 0001 650,121 5962485 0 5962485 0001 Y
520 2 1 N N Y 2 0001 327,327 5962493 0 5962493 0001 Y
521 2 1 N N Y 1 0001 626,414 5962501 0 5962501 0001 Y
522 1 1 N N Y 2 0001 511,408 5962519 0 5962519 0001 Y
523 1 1 N N Y 2 0001 1,097,082 5962618 0 5962618 0001 Y
524 1 1 N N Y 1 0001 628,558 5962626 0 5962626 0001 Y
525 1 1 N N Y 2 0001 1,098,018 5962642 0 5962642 0001 Y
526 1 1 N N Y 1 0001 964,592 5962667 0 5962667 0001 Y
527 1 1 N N Y 1 0001 2,642,891 5962717 0 5962717 0001 Y
528 1 1 N N Y 3 0001 333,332 5962725 0 5962725 0001 Y
529 1 1 N N Y 2 0001 996,175 5962741 0 5962741 0001 Y
530 1 1 N N Y 1 0001 934,081 5962774 0 5962774 0001 Y
531 1 1 N N Y 1 0001 1,445,770 5962782 0 5962782 0001 Y
532 1 1 N N Y 1 0001 2,773,448 5962816 0 5962816 0001 Y
533 1 1 N N Y 2 0001 954,693 5962832 0 5962832 0001 Y
534 1 1 N N Y 1 0001 1,129,683 5962881 0 5962881 0001 Y
535 1 1 N N Y 1 0001 1,069,111 5962899 0 5962899 0001 Y
</TABLE>
D-27
<PAGE>
<TABLE>
<CAPTION>
Maximum Minimum Original
Loan-no City State Zip Index Margin Int rate Int rate Term
GROUP 1 LOANS
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
536 5962915 DUNWOODY GA 30360 01 3.000 12.750 3.000 360
537 5962931 GALLOWAY TO NJ 8201 01 3.000 11.875 3.000 360
538 5962980 STAMFORD CT 6903 01 3.000 13.375 3.000 360
539 5963004 CHARLOTTE NC 28273 01 3.000 12.750 3.000 360
540 5963012 WILMINGTON NC 28403 01 3.000 12.875 3.000 360
541 5963095 HICKORY NC 28601 01 3.000 11.875 3.000 360
542 5963129 TAMPA FL 33626 01 3.000 13.125 3.000 360
543 5963186 MARGATE NJ 8402 01 3.000 13.250 3.000 360
544 5963319 QUINTON VA 23141 01 3.000 11.875 3.000 360
545 5963335 CORNELIUS NC 28031 01 3.000 12.625 3.000 360
546 5963343 MCLEAN VA 22101 01 3.000 13.250 3.000 360
547 5963350 GLEN ALLEN VA 23060 01 3.000 12.500 3.000 360
548 5963368 BALTIMORE MD 21211 01 3.000 13.125 3.000 360
549 5963384 WILMINGTON NC 28409 01 3.000 13.000 3.000 360
550 5963582 CHEVY CHASE MD 20815 01 3.000 13.125 3.000 360
551 5963616 WILMINGTON NC 28403 01 3.000 11.875 3.000 360
552 5963731 GAITHERSBUR MD 20878 01 3.000 13.125 3.000 360
553 5963764 RICHMOND VA 23233 01 3.000 12.750 3.000 360
554 5963822 MORRIS TOW NJ 7960 01 3.000 13.125 3.000 360
555 5963855 SUWANEE GA 30024 01 3.000 12.500 3.000 360
556 5963970 POTOMAC MD 20854 01 3.000 13.250 3.000 360
557 5964010 WILLIAMSBUR VA 23185 01 3.000 12.750 3.000 360
558 5964044 WASHINGTON DC 20016 01 3.000 13.125 3.000 360
559 5964101 STAMFORD CT 6902 01 3.000 13.750 3.000 360
560 5964127 FABER VA 22938 01 3.000 13.000 3.000 360
561 5964150 MAHWAH NJ 7430 01 3.000 13.250 3.000 360
562 5964176 GREENSBORO NC 27410 01 3.000 12.375 3.000 360
563 5964200 TOWSON MD 21286 01 3.000 12.875 3.000 360
564 5964218 ELKRIDGE MD 21075 01 3.000 12.125 3.000 360
565 5964242 MADISON NJ 7940 01 3.000 13.125 3.000 360
566 5964275 ANNAPOLIS MD 21403 01 3.000 13.000 3.000 360
567 5964333 CATONSVILLE MD 21228 01 3.000 12.500 3.000 360
568 5964341 RALEIGH NC 27606 01 3.000 12.750 3.000 360
569 5964390 FREDERICKSB VA 22408 01 3.000 12.375 3.000 360
570 5964465 CHARLOTTE NC 28209 01 3.000 13.000 3.000 360
571 5964598 MATTHEWS NC 28105 01 3.000 12.750 3.000 360
572 5964622 ROCKVILLE MD 20853 01 3.000 12.625 3.000 360
573 5964655 WOODBINE MD 21797 01 3.000 12.625 3.000 360
574 5964671 STAMFORD CT 6907 01 3.000 13.000 3.000 360
575 5964689 COLUMBIA MD 21045 01 3.000 12.125 3.000 360
576 5964804 COLUMBIA MD 21045 01 3.000 12.500 3.000 360
577 5964846 SPRINGFIELD VA 22152 01 3.000 13.125 3.000 360
578 5964861 VIENNA VA 22182 01 3.000 12.000 3.000 360
579 5964903 ROCKVILLE MD 20852 01 3.000 12.250 3.000 360
580 5964937 BETHESDA MD 20817 01 3.000 12.750 3.000 360
581 5964994 GREAT FALLS VA 22066 01 3.000 13.125 3.000 360
582 5965009 MIDDLETOWN OH 45042 01 3.000 12.000 3.000 360
583 5965066 ALEXANDRIA VA 22302 01 3.000 13.000 3.000 360
584 5965108 CLARKSVILLE MD 21029 01 3.000 13.000 3.000 360
585 5965181 HUNTERSVILL NC 28078 01 3.000 12.500 3.000 360
586 5965199 WOODSTOCK GA 30188 01 3.000 12.750 3.000 360
587 5965231 COLUMBIA SC 29223 01 3.000 12.375 3.000 360
588 5965314 RICHMOND VA 23227 01 3.000 13.000 3.000 360
589 5965462 ASHBURN VA 20147 01 3.000 12.750 3.000 360
590 5965488 HERNDON VA 22070 01 3.000 13.250 3.000 360
591 5965546 FAIRFAX VA 22030 01 3.000 12.875 3.000 360
592 5965553 CHARLOTTE NC 28269 01 3.000 12.250 3.000 360
593 5965603 POWDER SPRI GA 30073 01 3.000 12.500 3.000 360
594 5965611 LAUREL MD 20723 01 3.000 12.625 3.000 360
595 5965645 WILMINGTON NC 28405 01 3.000 12.750 3.000 360
</TABLE>
D-28
<PAGE>
<TABLE>
<CAPTION>
Original 03/01/98 Orig-
Remaining Principal Principal 1st due 03/01/98 inal Appraised Net
Term Bal Bal date p&i LTV Value Mtg Rate
GROUP 1 LOANS
<S> <C> <C> <C> <C> <C> <C> <C> <C>
536 354 144,300.00 143,409.09 09/01/97 935.93 95.00 151,900.00 5.570
537 355 119,700.00 118,827.98 10/01/97 642.58 95.00 126,000.00 3.820
538 354 356,000.00 354,323.92 10/01/97 2,458.81 80.00 445,000.00 6.195
539 354 121,200.00 120,457.04 09/01/97 786.11 79.97 151,562.00 5.570
540 354 169,600.00 168,585.24 09/01/97 1,114.16 80.00 212,000.00 5.695
541 354 172,500.00 171,250.61 09/01/97 1,020.41 74.19 232,500.00 4.695
542 356 140,000.00 137,889.76 11/01/97 943.21 77.78 180,000.00 5.945
543 354 355,500.00 353,523.17 09/01/97 2,425.14 90.00 395,000.00 6.070
544 356 196,880.00 195,817.67 11/01/97 1,133.36 95.00 207,250.00 4.445
545 355 150,000.00 149,194.88 10/01/97 960.47 75.00 200,000.00 5.445
546 354 265,500.00 264,023.63 09/01/97 1,811.18 90.00 295,000.00 6.070
547 354 268,000.00 266,276.19 09/01/97 1,693.95 76.14 352,000.00 5.320
548 355 60,000.00 59,700.83 10/01/97 404.24 78.95 76,000.00 5.945
549 353 170,000.00 169,007.29 09/01/97 1,131.02 52.07 326,500.00 5.820
550 354 199,500.00 193,212.92 09/01/97 1,344.07 52.92 377,000.00 5.945
551 355 153,900.00 152,946.93 10/01/97 910.38 95.00 162,000.00 4.695
552 355 128,000.00 127,376.65 10/01/97 862.36 80.00 160,000.00 5.945
553 355 188,100.00 187,114.49 10/01/97 1,220.02 95.00 198,000.00 5.570
554 355 160,000.00 158,972.81 10/01/97 1,077.95 95.00 160,000.00 5.945
555 354 214,600.00 213,216.79 09/01/97 1,356.42 93.84 228,690.00 5.320
556 354 288,000.00 286,398.51 09/01/97 1,964.67 80.00 360,000.00 6.070
557 354 154,800.00 153,708.09 09/01/97 1,004.03 90.00 172,000.00 5.570
558 356 430,900.00 429,156.45 11/01/97 2,903.06 66.29 650,000.00 5.945
559 355 255,075.00 253,977.23 10/01/97 1,827.39 95.00 268,500.00 6.570
560 355 116,100.00 115,520.58 10/01/97 772.42 90.00 129,000.00 5.820
561 355 269,000.00 267,621.12 10/01/97 1,835.06 77.30 348,000.00 6.070
562 355 193,600.00 192,509.76 10/01/97 1,207.81 80.00 242,000.00 5.195
563 356 201,400.00 200,544.21 11/01/97 1,323.06 95.00 212,000.00 5.695
564 354 195,750.00 194,593.78 10/01/97 1,189.40 79.78 245,370.00 4.945
565 354 265,000.00 263,709.44 10/01/97 1,785.36 76.81 345,000.00 5.945
566 354 84,600.00 84,177.79 10/01/97 562.85 88.13 96,000.00 5.820
567 354 182,400.00 181,397.12 10/01/97 1,152.90 80.00 228,000.00 5.320
568 354 262,400.00 260,791.55 09/01/97 1,701.93 80.00 328,000.00 5.570
569 355 80,000.00 79,549.45 10/01/97 499.10 76.19 105,000.00 5.195
570 354 200,000.00 198,832.12 09/01/97 1,330.61 80.00 250,000.00 5.820
571 354 126,300.00 125,525.84 09/01/97 819.18 79.99 157,900.00 5.570
572 355 238,000.00 236,420.87 10/01/97 1,523.95 73.46 324,000.00 5.445
573 353 170,000.00 168,932.52 09/01/97 1,088.53 61.82 275,000.00 5.445
574 355 140,000.00 139,301.31 10/01/97 931.43 80.00 175,000.00 5.820
575 353 205,100.00 203,683.02 09/01/97 1,246.21 90.00 227,900.00 4.945
576 354 140,000.00 25,475.74 09/01/97 884.90 80.00 175,000.00 5.320
577 355 335,000.00 333,368.55 10/01/97 2,256.96 79.76 420,000.00 5.945
578 354 432,000.00 428,944.05 09/01/97 2,590.06 80.00 540,000.00 4.820
579 355 370,000.00 367,865.91 10/01/97 2,278.16 78.72 470,000.00 5.070
580 355 464,000.00 461,569.04 10/01/97 3,009.50 80.00 580,000.00 5.570
581 355 268,000.00 266,694.84 10/01/97 1,805.57 55.83 480,000.00 5.945
582 354 137,750.00 136,775.50 09/01/97 825.89 95.00 145,000.00 4.820
583 355 377,000.00 375,118.55 10/01/97 2,508.20 74.21 508,000.00 5.820
584 353 193,600.00 192,469.50 09/01/97 1,288.03 80.00 242,000.00 5.820
585 355 99,000.00 97,947.48 10/01/97 625.75 64.92 152,500.00 5.320
586 355 229,900.00 228,695.52 10/01/97 1,491.13 90.00 255,450.00 5.570
587 355 101,350.00 100,779.19 10/01/97 632.30 89.69 113,000.00 5.195
588 355 300,000.00 298,502.85 10/01/97 1,995.91 66.67 450,000.00 5.820
589 355 288,000.00 286,491.10 10/01/97 1,867.97 80.00 360,000.00 5.570
590 355 260,000.00 258,764.51 10/01/97 1,773.66 80.00 325,000.00 6.070
591 355 123,750.00 121,205.63 10/01/97 812.95 90.00 137,500.00 5.695
592 355 190,000.00 188,904.09 10/01/97 1,169.87 95.00 200,000.00 5.070
593 354 166,900.00 165,518.24 09/01/97 1,054.93 73.56 226,900.00 5.320
594 355 214,200.00 213,050.31 10/01/97 1,371.55 90.00 238,000.00 5.445
595 355 250,000.00 248,690.21 10/01/97 1,621.50 35.21 710,000.00 5.570
</TABLE>
D-29
<PAGE>
<TABLE>
<CAPTION>
Lender
Property Paid CD pledge CD Convert- POOL-OUT
Type Occ MI (Y/N) Loan (Y/N) Amount ible Purp POOL-OUT
GROUP 1 LOANS
Loannum Outpool Conv-Y/N
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
536 1 1 N N Y 1 0001 798,789 5962915 0 5962915 0001 Y
537 1 1 N N Y 1 0001 453,923 5962931 0 5962931 0001 Y
538 1 1 N N Y 1 0001 2,195,037 5962980 0 5962980 0001 Y
539 1 1 N N Y 1 0001 670,946 5963004 0 5963004 0001 Y
540 1 1 N N Y 1 0001 960,093 5963012 0 5963012 0001 Y
541 1 1 N N Y 1 0001 804,022 5963095 0 5963095 0001 Y
542 1 1 N N Y 1 0001 819,755 5963129 0 5963129 0001 Y
543 1 1 N N Y 1 0001 2,145,886 5963186 0 5963186 0001 Y
544 1 1 N N Y 1 0001 870,410 5963319 0 5963319 0001 Y
545 3 1 N N Y 1 0001 812,366 5963335 0 5963335 0001 Y
546 1 1 N N Y 1 0001 1,602,623 5963343 0 5963343 0001 Y
547 1 1 N N Y 2 0001 1,416,589 5963350 0 5963350 0001 Y
548 2 1 N N Y 3 0001 354,921 5963368 0 5963368 0001 Y
549 1 1 N N Y 1 0001 983,622 5963384 0 5963384 0001 Y
550 1 1 N N Y 2 0001 1,148,651 5963582 0 5963582 0001 Y
551 1 1 N N Y 1 0001 718,086 5963616 0 5963616 0001 Y
552 2 1 N N Y 2 0001 757,254 5963731 0 5963731 0001 Y
553 1 1 N N Y 1 0001 1,042,228 5963764 0 5963764 0001 Y
554 1 1 N Y 8,000.00 N 1 0001 945,093 5963822 0 5963822 0001 N
555 1 1 N N Y 1 0001 1,134,313 5963855 0 5963855 0001 Y
556 1 1 N N Y 2 0001 1,738,439 5963970 0 5963970 0001 Y
557 1 1 N N Y 1 0001 856,154 5964010 0 5964010 0001 Y
558 1 1 N N Y 2 0001 2,551,335 5964044 0 5964044 0001 Y
559 3 1 N N Y 1 0001 1,668,630 5964101 0 5964101 0001 Y
560 1 1 N N Y 1 0001 672,330 5964127 0 5964127 0001 Y
561 1 1 N N Y 2 0001 1,624,460 5964150 0 5964150 0001 Y
562 1 1 N N Y 1 0001 1,000,088 5964176 0 5964176 0001 Y
563 1 1 N N Y 1 0001 1,142,099 5964200 0 5964200 0001 Y
564 1 1 N N Y 1 0001 962,266 5964218 0 5964218 0001 Y
565 1 1 N N Y 1 0001 1,567,753 5964242 0 5964242 0001 Y
566 2 1 N N Y 2 0001 489,915 5964275 0 5964275 0001 Y
567 1 1 N N Y 1 0001 965,033 5964333 0 5964333 0001 Y
568 1 1 N N Y 2 0001 1,452,609 5964341 0 5964341 0001 Y
569 1 1 N N Y 2 0001 413,259 5964390 0 5964390 0001 Y
570 1 1 N N Y 3 0001 1,157,203 5964465 0 5964465 0001 Y
571 1 1 N N Y 1 0001 699,179 5964598 0 5964598 0001 Y
572 1 1 N N Y 2 0001 1,287,312 5964622 0 5964622 0001 Y
573 1 1 N N Y 2 0001 919,838 5964655 0 5964655 0001 Y
574 1 1 N N Y 3 0001 810,734 5964671 0 5964671 0001 Y
575 1 1 N N Y 1 0001 1,007,213 5964689 0 5964689 0001 Y
576 1 1 N N Y 1 0001 135,531 5964804 0 5964804 0001 Y
577 1 1 N N Y 2 0001 1,981,876 5964846 0 5964846 0001 Y
578 1 1 N N Y 1 0001 2,067,510 5964861 0 5964861 0001 Y
579 1 1 N N Y 1 0001 1,865,080 5964903 0 5964903 0001 Y
580 1 1 N N Y 1 0001 2,570,940 5964937 0 5964937 0001 Y
581 1 1 N N Y 3 0001 1,585,501 5964994 0 5964994 0001 Y
582 1 1 N N Y 1 0001 659,258 5965009 0 5965009 0001 Y
583 1 1 N N Y 2 0001 2,183,190 5965066 0 5965066 0001 Y
584 1 1 N N Y 1 0001 1,120,172 5965108 0 5965108 0001 Y
585 1 1 N N Y 2 0001 521,081 5965181 0 5965181 0001 Y
586 1 1 N N Y 1 0001 1,273,834 5965199 0 5965199 0001 Y
587 1 1 N N Y 2 0001 523,548 5965231 0 5965231 0001 Y
588 1 1 N N Y 3 0001 1,737,287 5965314 0 5965314 0001 Y
589 1 1 N N Y 3 0001 1,595,755 5965462 0 5965462 0001 Y
590 1 1 N N Y 2 0001 1,570,701 5965488 0 5965488 0001 Y
591 2 1 N N Y 2 0001 690,266 5965546 0 5965546 0001 Y
592 1 1 N N Y 1 0001 957,744 5965553 0 5965553 0001 Y
593 1 1 N N Y 1 0001 880,557 5965603 0 5965603 0001 Y
594 1 1 N N Y 1 0001 1,160,059 5965611 0 5965611 0001 Y
595 1 1 N N Y 3 0001 1,385,204 5965645 0 5965645 0001 Y
</TABLE>
D-30
<PAGE>
<TABLE>
<CAPTION>
Maximum Minimum Original
Loan-no City State Zip Index Margin Int rate Int rate Term
GROUP 1 LOANS
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
596 5965652 UPPER MARLB MD 20774 01 3.000 13.125 3.000 360
597 5965660 WILMINGTON NC 28401 01 3.000 12.375 3.000 360
598 5965728 ARLINGTON VA 22203 01 3.000 12.000 3.000 360
599 5965736 GERMANTOWN MD 20874 01 3.000 13.000 3.000 360
600 5965751 LITTLE SILV NJ 7739 01 3.000 12.875 3.000 360
601 5965785 WINSTON SAL NC 27105 01 3.000 12.875 3.000 360
602 5965793 BETHESDA MD 20817 01 3.000 13.125 3.000 360
603 5965835 LEXINGTON SC 29072 01 3.000 12.375 3.000 360
604 5965843 COLUMBIA SC 29212 01 3.000 12.250 3.000 360
605 5965868 CHAPEL HILL NC 27516 01 3.000 12.625 3.000 360
606 5965892 FAIRFAX VA 22032 01 3.000 12.875 3.000 360
607 5965918 FALLS CHURC VA 22043 01 3.000 11.750 3.000 360
608 5965942 OLNEY MD 20832 01 3.000 12.875 3.000 360
609 5965959 MOUNT HOLLY NC 28120 01 3.000 12.500 3.000 360
610 5965975 NEWARK DE 19711 01 3.000 12.875 3.000 360
611 5966007 NORCROSS GA 30071 01 3.000 12.250 3.000 360
612 5966015 MONROE NC 28110 01 3.000 12.750 3.000 360
613 5966098 APEX NC 27502 01 3.000 12.750 3.000 360
614 5966189 MONETA VA 24121 01 3.000 13.125 3.000 360
615 5966197 FAIRFIELD CT 6432 01 3.000 13.375 3.000 360
616 5966262 ELLICOTT CI MD 21043 01 3.000 13.125 3.000 360
617 5966288 POTOMAC MD 20854 01 3.000 12.875 3.000 360
618 5966338 BETHESDA MD 20816 01 3.000 12.625 3.000 360
619 5966346 MILLSTONE NJ 7726 01 3.000 13.375 3.000 360
620 5966478 STANHOPE NJ 7874 01 3.000 12.500 3.000 360
621 5966494 OCEAN CITY NJ 8226 01 3.000 13.250 3.000 360
622 5966510 BELLE MEAD NJ 8502 01 3.000 12.250 3.000 360
623 5966577 ANNANDALE VA 22003 01 3.000 12.250 3.000 360
624 5966767 ELLICOTT CI MD 21043 01 3.000 12.375 3.000 360
625 5966809 ALPHARETTA GA 30202 01 3.000 13.250 3.000 360
626 5966866 SUCCASUNNA NJ 7876 01 3.000 13.125 3.000 360
627 5966908 EVANSTON IL 60202 01 3.000 13.125 3.000 360
628 5966965 OLD BRIDGE NJ 8857 01 3.000 13.000 3.000 360
629 5967005 SOMERVILLE MA 2145 01 3.000 13.000 3.000 360
630 5967039 PITTSBURGH PA 15241 01 3.000 12.500 3.000 360
631 5967054 HUDDLESTON VA 24104 01 3.000 12.125 3.000 360
632 5967070 GALLOWAY TO NJ 8201 01 3.000 11.625 3.000 360
633 5967088 WALDORF MD 20602 01 3.000 13.000 3.000 360
634 5967138 PEARL RIVER NY 10965 01 3.000 11.750 3.000 360
635 5967146 FAIRFAX VA 22032 01 3.000 12.750 3.000 360
636 5967161 PASADENA MD 21122 01 3.000 12.125 3.000 360
637 5967179 COLUMBIA SC 29209 01 3.000 12.875 3.000 360
638 5967245 NEWTOWN CT 6482 01 3.000 11.750 3.000 360
639 5967252 ANNAPOLIS MD 21403 01 3.000 12.250 3.000 360
640 5967328 RALEIGH NC 27614 01 3.000 12.625 3.000 360
641 5967351 DURHAM NC 27703 01 3.000 12.375 3.000 360
642 5967427 COVINGTON GA 30209 01 3.000 12.250 3.000 360
643 5967484 RIVERSIDE CT 6878 01 3.000 12.875 3.000 360
644 5967559 CROWNSVILLE MD 21032 01 3.000 13.250 3.000 360
645 5967609 ROSWELL GA 30075 01 3.000 12.375 3.000 360
646 5967617 WILMINGTON DE 19810 01 3.000 12.625 3.000 360
647 5967690 PINEVILLE NC 28134 01 3.000 12.750 3.000 360
648 5967716 MOORESTOWN NJ 8057 01 3.000 12.125 3.000 360
649 5967724 WINSTON SAL NC 27106 01 3.000 12.375 3.000 360
650 5967757 JAMESTOWN NC 27282 01 3.000 12.625 3.000 360
651 5967807 SILVER SPRI MD 20904 01 3.000 12.625 3.000 360
652 5967914 CHAPPAQUA NY 10514 01 3.000 13.000 3.000 360
653 5967948 MORRISVILLE NC 27560 01 3.000 12.250 3.000 360
654 5968011 STERLING VA 20165 01 3.000 12.875 3.000 360
655 5968037 RALEIGH NC 27604 01 3.000 12.500 3.000 360
</TABLE>
D-31
<PAGE>
<TABLE>
<CAPTION>
Original 03/01/98 Orig-
Remaining Principal Principal 1st due 03/01/98 inal Appraised Net
Term Bal Bal date p&i LTV Value Mtg Rate
GROUP 1 LOANS
<S> <C> <C> <C> <C> <C> <C> <C> <C>
596 355 230,500.00 229,377.44 10/01/97 1,552.93 84.43 273,000.00 5.945
597 355 122,000.00 121,312.89 10/01/97 761.13 70.93 172,000.00 5.195
598 355 250,000.00 248,487.95 10/01/97 1,498.88 73.53 340,000.00 4.820
599 355 136,350.00 135,669.55 10/01/97 907.14 90.00 151,500.00 5.820
600 355 232,000.00 230,813.65 10/01/97 1,524.08 80.00 290,000.00 5.695
601 355 112,000.00 111,427.24 10/01/97 735.77 95.00 117,900.00 5.695
602 355 240,000.00 238,831.18 10/01/97 1,616.93 80.00 300,000.00 5.945
603 355 112,385.00 111,752.09 10/01/97 701.14 94.44 119,000.00 5.195
604 355 185,000.00 183,932.96 10/01/97 1,139.08 58.36 317,000.00 5.070
605 355 258,200.00 256,814.14 10/01/97 1,653.29 90.00 286,900.00 5.445
606 355 281,600.00 280,159.98 10/01/97 1,849.92 80.00 352,000.00 5.695
607 355 154,000.00 153,023.61 10/01/97 898.71 74.76 206,000.00 4.570
608 353 170,000.00 168,982.91 09/01/97 1,116.78 77.27 220,000.00 5.695
609 355 90,000.00 89,465.06 10/01/97 568.87 75.00 120,000.00 5.320
610 354 117,800.00 117,095.24 09/01/97 773.86 95.00 124,000.00 5.695
611 355 195,750.00 194,620.94 10/01/97 1,205.27 90.00 217,500.00 5.070
612 355 89,300.00 88,706.34 10/01/97 579.20 95.00 94,000.00 5.570
613 355 196,500.00 195,470.48 10/01/97 1,274.50 75.00 262,000.00 5.570
614 356 205,000.00 204,170.49 11/01/97 1,381.13 77.36 265,000.00 5.945
615 355 316,000.00 314,534.91 10/01/97 2,182.54 80.00 395,000.00 6.195
616 356 170,400.00 169,710.51 11/01/97 1,148.02 80.00 213,000.00 5.945
617 355 280,000.00 278,568.17 10/01/97 1,839.41 73.68 380,000.00 5.695
618 355 428,000.00 425,702.77 10/01/97 2,740.54 80.00 535,000.00 5.445
619 355 252,000.00 250,474.82 10/01/97 1,740.51 80.00 315,000.00 6.195
620 356 140,000.00 139,360.28 11/01/97 884.90 80.00 175,000.00 5.320
621 355 350,000.00 348,336.81 10/01/97 2,387.62 57.38 610,000.00 6.070
622 353 250,000.00 233,235.26 09/01/97 1,539.29 59.91 417,269.00 5.070
623 355 100,000.00 99,423.21 10/01/97 615.72 54.64 183,000.00 5.070
624 354 191,900.00 190,635.81 09/01/97 1,197.21 95.00 202,000.00 5.195
625 356 350,000.00 348,618.20 11/01/97 2,387.62 79.55 440,000.00 6.070
626 356 136,800.00 136,246.47 11/01/97 921.65 90.00 152,000.00 5.945
627 356 118,750.00 118,269.47 11/01/97 800.05 95.00 125,000.00 5.945
628 355 140,800.00 139,505.20 10/01/97 936.75 80.00 176,000.00 5.820
629 357 135,000.00 134,553.47 12/01/97 898.16 73.77 183,000.00 5.820
630 355 153,000.00 152,158.77 10/01/97 967.07 90.00 170,000.00 5.320
631 355 160,550.00 159,601.69 10/01/97 975.52 95.00 169,000.00 4.945
632 358 122,000.00 121,558.37 01/01/98 654.93 94.94 128,500.00 3.820
633 355 137,650.00 136,963.06 10/01/97 915.79 95.00 144,900.00 5.820
634 355 140,000.00 139,262.07 11/01/97 817.01 46.87 298,700.00 4.570
635 357 256,000.00 255,110.85 12/01/97 1,660.42 78.77 325,000.00 5.570
636 357 153,000.00 152,400.59 12/01/97 929.65 90.00 170,000.00 4.945
637 355 182,700.00 181,765.77 10/01/97 1,200.21 90.00 203,000.00 5.695
638 356 200,000.00 198,945.86 11/01/97 1,167.15 75.19 266,000.00 4.570
639 356 189,000.00 187,790.79 11/01/97 1,163.71 90.00 210,000.00 5.070
640 352 429,000.00 426,701.74 10/01/97 2,746.94 75.00 572,000.00 5.445
641 356 85,900.00 77,412.69 11/01/97 535.91 58.88 145,900.00 5.195
642 356 123,500.00 122,907.93 10/01/97 760.42 95.00 130,000.00 5.070
643 355 975,000.00 970,014.33 10/01/97 6,405.06 63.73 1,530,000.00 5.695
644 356 369,150.00 367,692.60 11/01/97 2,518.26 80.00 461,450.00 6.070
645 355 190,500.00 189,427.13 10/01/97 1,188.48 73.13 260,500.00 5.195
646 355 146,200.00 145,059.19 10/01/97 936.14 74.97 195,000.00 5.445
647 355 89,300.00 88,832.15 10/01/97 579.20 74.42 120,000.00 5.570
648 355 330,000.00 328,050.82 10/01/97 2,005.12 60.23 547,900.00 4.945
649 355 108,300.00 107,690.06 10/01/97 675.66 95.00 114,000.00 5.195
650 355 97,900.00 97,374.51 10/01/97 626.87 85.88 114,000.00 5.445
651 356 165,000.00 164,264.01 11/01/97 1,056.52 73.33 225,000.00 5.445
652 355 116,800.00 116,315.64 11/01/97 777.08 80.00 146,000.00 5.820
653 356 70,000.00 69,732.21 12/01/97 431.01 20.16 347,250.00 5.070
654 355 208,000.00 206,777.09 10/01/97 1,366.42 80.00 260,000.00 5.695
655 353 90,200.00 89,704.50 10/01/97 570.13 77.83 115,900.00 5.320
</TABLE>
D-32
<PAGE>
<TABLE>
<CAPTION>
Lender
Property Paid CD pledge CD Convert- POOL-OUT
Type Occ MI (Y/N) Loan (Y/N) Amount ible Purp POOL-OUT
GROUP 1 LOANS
Loannum Outpool Conv-Y/N
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
596 1 1 N N Y 2 0001 1,363,649 5965652 0 5965652 0001 Y
597 1 1 N N Y 1 0001 630,220 5965660 0 5965660 0001 Y
598 3 1 N N Y 3 0001 1,197,712 5965728 0 5965728 0001 Y
599 2 1 N N Y 2 0001 789,597 5965736 0 5965736 0001 Y
600 1 1 N N Y 1 0001 1,314,484 5965751 0 5965751 0001 Y
601 1 1 N N Y 1 0001 634,578 5965785 0 5965785 0001 Y
602 1 1 N N Y 2 0001 1,419,851 5965793 0 5965793 0001 Y
603 1 1 N N Y 1 0001 580,552 5965835 0 5965835 0001 Y
604 1 1 N N Y 1 0001 932,540 5965843 0 5965843 0001 Y
605 1 1 N N Y 1 0001 1,398,353 5965868 0 5965868 0001 Y
606 1 1 N N Y 1 0001 1,595,511 5965892 0 5965892 0001 Y
607 1 1 N N Y 2 0001 699,318 5965918 0 5965918 0001 Y
608 1 1 N N Y 1 0001 962,358 5965942 0 5965942 0001 Y
609 1 1 N N Y 3 0001 475,954 5965959 0 5965959 0001 Y
610 1 1 N N Y 1 0001 666,857 5965975 0 5965975 0001 Y
611 1 1 N N Y 2 0001 986,728 5966007 0 5966007 0001 Y
612 1 1 N N Y 1 0001 494,094 5966015 0 5966015 0001 Y
613 1 1 N N Y 3 0001 1,088,771 5966098 0 5966098 0001 Y
614 1 1 N N Y 2 0001 1,213,794 5966189 0 5966189 0001 Y
615 1 1 N N Y 1 0001 1,948,544 5966197 0 5966197 0001 Y
616 1 1 N N Y 2 0001 1,008,929 5966262 0 5966262 0001 Y
617 1 1 N N Y 3 0001 1,586,446 5966288 0 5966288 0001 Y
618 1 1 N N Y 1 0001 2,317,952 5966338 0 5966338 0001 Y
619 1 1 N N Y 3 0001 1,551,692 5966346 0 5966346 0001 Y
620 1 1 N N Y 1 0001 741,397 5966478 0 5966478 0001 Y
621 1 1 N N Y 3 0001 2,114,404 5966494 0 5966494 0001 Y
622 1 1 N N Y 1 0001 1,182,503 5966510 0 5966510 0001 Y
623 1 1 N N Y 2 0001 504,076 5966577 0 5966577 0001 Y
624 1 1 N N Y 1 0001 990,353 5966767 0 5966767 0001 Y
625 1 1 N N Y 3 0001 2,116,112 5966809 0 5966809 0001 Y
626 1 1 N N Y 1 0001 809,985 5966866 0 5966866 0001 Y
627 3 1 N N Y 1 0001 703,112 5966908 0 5966908 0001 Y
628 1 1 N N Y 1 0001 811,920 5966965 0 5966965 0001 Y
629 5 1 N N Y 2 0001 783,101 5967005 0 5967005 0001 Y
630 1 1 N N Y 1 0001 809,485 5967039 0 5967039 0001 Y
631 1 1 N N Y 1 0001 789,230 5967054 0 5967054 0001 Y
632 1 1 N N Y 1 0001 464,353 5967070 0 5967070 0001 Y
633 1 1 N N Y 1 0001 797,125 5967088 0 5967088 0001 Y
634 1 1 N N Y 1 0001 636,428 5967138 0 5967138 0001 Y
635 1 1 N N Y 2 0001 1,420,967 5967146 0 5967146 0001 Y
636 1 1 N N Y 1 0001 753,621 5967161 0 5967161 0001 Y
637 1 1 N N Y 1 0001 1,035,156 5967179 0 5967179 0001 Y
638 1 1 N N Y 1 0001 909,183 5967245 0 5967245 0001 Y
639 1 1 N N Y 1 0001 952,099 5967252 0 5967252 0001 Y
640 1 1 N N Y 1 0001 2,323,391 5967328 0 5967328 0001 Y
641 1 1 N N Y 1 0001 402,159 5967351 0 5967351 0001 Y
642 1 1 N N Y 1 0001 623,143 5967427 0 5967427 0001 Y
643 1 1 N N Y 1 0001 5,524,232 5967484 0 5967484 0001 Y
644 1 1 N N Y 1 0001 2,231,894 5967559 0 5967559 0001 Y
645 1 1 N N Y 1 0001 984,074 5967609 0 5967609 0001 Y
646 1 1 N N Y 2 0001 789,847 5967617 0 5967617 0001 Y
647 1 1 N N Y 2 0001 494,795 5967690 0 5967690 0001 Y
648 1 1 N N Y 1 0001 1,622,211 5967716 0 5967716 0001 Y
649 1 1 N N Y 1 0001 559,450 5967724 0 5967724 0001 Y
650 1 1 N N Y 1 0001 530,204 5967757 0 5967757 0001 Y
651 1 1 N N Y 3 0001 894,418 5967807 0 5967807 0001 Y
652 3 1 N N Y 1 0001 676,957 5967914 0 5967914 0001 Y
653 1 1 N N Y 1 0001 353,542 5967948 0 5967948 0001 Y
654 1 1 N N Y 2 0001 1,177,596 5968011 0 5968011 0001 Y
655 1 1 N N Y 1 0001 477,228 5968037 0 5968037 0001 Y
</TABLE>
D-33
<PAGE>
<TABLE>
<CAPTION>
Maximum Minimum Original
Loan-no City State Zip Index Margin Int rate Int rate Term
GROUP 1 LOANS
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
656 5968060 MANCHESTER- MA 1944 01 3.000 13.250 3.000 360
657 5968201 BETHESDA MD 20814 01 3.000 12.750 3.000 360
658 5968227 WINCHESTER VA 22602 01 3.000 13.000 3.000 360
659 5968268 GERMANTOWN MD 20874 01 3.000 12.500 3.000 360
660 5968318 BALTIMORE MD 21227 01 3.000 12.875 3.000 360
661 5968326 VIENNA VA 22181 01 3.000 12.875 3.000 360
662 5968425 CENTREVILLE VA 20120 01 3.000 12.500 3.000 360
663 5968458 RALEIGH NC 27604 01 3.000 11.750 3.000 360
664 5968482 LEWISVILLE NC 27023 01 3.000 12.500 3.000 360
665 5968516 RALEIGH NC 27613 01 3.000 12.625 3.000 360
666 5968581 RICHMOND VA 23229 01 3.000 13.000 3.000 360
667 5969035 SEVERNA PAR MD 21146 01 3.000 13.250 3.000 360
668 5969142 VERONA NJ 7044 01 3.000 13.000 3.000 360
669 5969175 FAIR LAWN NJ 7410 01 3.000 13.250 3.000 360
670 5969191 KERNERSVILL NC 27284 01 3.000 12.875 3.000 360
671 5969332 CHARLOTTE NC 28269 01 3.000 12.750 3.000 360
672 5969357 LAUREL MD 20723 01 3.000 12.875 3.000 360
673 5969381 MATTHEWS NC 28105 01 3.000 12.625 3.000 360
674 5969407 CHARLOTTE NC 0 01 3.000 12.625 3.000 360
675 5969449 HAGERSTOWN MD 21742 01 3.000 13.125 3.000 360
676 5969456 FAIRFAX VA 22030 01 3.000 12.875 3.000 360
677 5969498 FRANKLIN LA NJ 7417 01 3.000 13.375 3.000 360
678 5969605 GERMANTOWN MD 20874 01 3.000 12.875 3.000 360
679 5969688 PIKEVILLE NC 27863 01 3.000 12.375 3.000 360
680 5969696 WILMINGTON DE 19806 01 3.000 11.750 3.000 360
681 5969746 ALEXANDRIA VA 22314 01 3.000 13.000 3.000 360
682 5969761 MORRISVILLE NC 27560 01 3.000 13.125 3.000 360
683 5969787 DAMASCUS MD 20872 01 3.000 13.125 3.000 360
684 5969878 CORNELIUS NC 28031 01 3.000 13.250 3.000 360
685 5969886 COLUMBIA MD 21045 01 3.000 12.875 3.000 360
686 5969902 SALISBURY NC 28146 01 3.000 11.750 3.000 360
687 5969936 POTOMAC MD 20854 01 3.000 13.375 3.000 360
688 5970041 RIVA MD 21140 01 3.000 13.375 3.000 360
689 5970082 BRIDGEWATER NJ 8807 01 3.000 12.875 3.000 360
690 5970157 CROWNSVILLE MD 21032 01 3.000 12.500 3.000 360
691 5970231 ROLESVILLE NC 27571 01 3.000 13.125 3.000 360
692 5970306 CHATHAM BOR NJ 7928 01 3.000 12.875 3.000 360
693 5970314 RALEIGH NC 27615 01 3.000 13.250 3.000 360
694 5970330 COLUMBIA SC 29223 01 3.000 12.750 3.000 360
695 5970371 PIKESVILLE MD 21208 01 3.000 13.125 3.000 360
696 5970413 PINEHURST NC 28374 01 3.000 12.875 3.000 360
697 5970447 ROCKVILLE MD 20853 01 3.000 13.375 3.000 360
698 5970611 HILTON HEAD SC 29928 01 3.000 11.875 3.000 360
699 5970652 EVESHAM TOW NJ 8053 01 3.000 13.250 3.000 360
700 5970702 DARIEN CT 6820 01 3.000 13.250 3.000 360
701 5970793 ANNAPOLIS MD 21401 01 3.000 11.750 3.000 360
702 5970801 READING MA 1867 01 3.000 13.125 3.000 360
703 5970892 ATLANTA GA 30318 01 3.000 12.625 3.000 360
704 5970942 NEW CARROLL MD 20784 01 3.000 13.125 3.000 360
705 5970959 HARTSVILLE PA 18974 01 3.000 12.875 3.000 360
706 5970991 ROCKY MOUNT NC 27803 01 3.000 12.500 3.000 360
707 5971049 ZEBULON NC 27597 01 3.000 12.875 3.000 360
708 5971197 COLUMBIA SC 29223 01 3.000 13.375 3.000 360
709 5971296 MIDLOTHIAN VA 23113 01 3.000 12.250 3.000 360
710 5971361 VILLANOVA PA 19085 01 3.000 13.125 3.000 360
711 5971411 STAMFORD CT 6907 01 3.000 13.000 3.000 360
712 5971494 COLUMBIA SC 29204 01 3.000 11.625 3.000 360
713 5971593 ATLANTA GA 30315 01 3.000 12.625 3.000 360
714 5971601 NEWNAN GA 30265 01 3.000 12.750 3.000 360
715 5971619 SARVER PA 16055 01 3.000 13.125 3.000 360
</TABLE>
D-34
<PAGE>
<TABLE>
<CAPTION>
Original 03/01/98 Orig-
Remaining Principal Principal 1st due 03/01/98 inal Appraised Net
Term Bal Bal date p&i LTV Value Mtg Rate
GROUP 1 LOANS
<S> <C> <C> <C> <C> <C> <C> <C> <C>
656 355 650,000.00 646,911.28 10/01/97 4,434.15 79.56 817,000.00 6.070
657 355 185,000.00 184,030.75 10/01/97 1,199.91 69.81 265,000.00 5.570
658 356 126,000.00 125,477.49 11/01/97 838.29 58.06 217,000.00 5.820
659 355 177,000.00 175,201.26 10/01/97 1,118.77 78.67 225,000.00 5.320
660 354 93,000.00 91,663.39 10/01/97 610.95 73.81 126,000.00 5.695
661 355 158,000.00 157,192.05 10/01/97 1,037.95 65.83 240,000.00 5.695
662 356 118,450.00 117,908.72 11/01/97 748.69 82.26 144,000.00 5.320
663 355 121,500.00 120,689.37 10/01/97 709.05 95.00 127,900.00 4.570
664 354 121,600.00 120,830.93 10/01/97 768.59 95.00 128,000.00 5.320
665 355 199,100.00 198,031.38 10/01/97 1,274.86 89.98 221,263.00 5.445
666 355 111,000.00 110,539.72 11/01/97 738.49 79.86 139,000.00 5.820
667 355 232,000.00 230,897.56 10/01/97 1,582.65 80.00 290,000.00 6.070
668 356 167,500.00 166,805.41 11/01/97 1,114.39 89.33 187,500.00 5.820
669 355 168,000.00 167,201.66 10/01/97 1,146.06 80.00 210,000.00 6.070
670 355 300,000.00 298,465.93 10/01/97 1,970.79 80.00 375,000.00 5.695
671 354 140,000.00 139,266.50 10/01/97 908.04 79.10 177,000.00 5.570
672 355 214,600.00 213,502.65 10/01/97 1,409.77 79.48 270,000.00 5.695
673 355 131,480.00 130,774.26 10/01/97 841.89 95.00 138,400.00 5.445
674 356 273,000.00 271,782.32 11/01/97 1,748.05 75.62 361,000.00 5.445
675 356 155,000.00 154,372.81 11/01/97 1,044.27 70.45 220,000.00 5.945
676 355 155,000.00 154,207.40 10/01/97 1,018.24 64.58 240,000.00 5.695
677 355 624,000.00 621,106.95 10/01/97 4,309.82 79.49 785,000.00 6.195
678 356 145,000.00 143,978.11 11/01/97 952.55 87.35 166,000.00 5.695
679 356 82,300.00 81,941.61 12/01/97 513.45 79.98 102,900.00 5.195
680 354 99,100.00 98,441.67 10/01/97 562.68 77.42 128,000.00 4.320
681 356 200,000.00 199,170.67 11/01/97 1,330.61 80.00 250,000.00 5.820
682 356 140,000.00 139,411.99 11/01/97 943.21 63.64 220,000.00 5.945
683 356 219,900.00 218,968.46 11/01/97 1,481.51 79.98 274,950.00 5.945
684 356 158,500.00 157,874.26 11/01/97 1,081.25 73.04 217,000.00 6.070
685 355 116,000.00 115,507.10 11/01/97 762.04 80.00 145,000.00 5.695
686 356 80,750.00 80,293.49 11/01/97 452.18 95.00 85,000.00 4.195
687 356 225,500.00 224,053.47 11/01/97 1,557.48 63.52 355,000.00 6.195
688 356 166,400.00 165,759.07 11/01/97 1,149.29 80.00 208,000.00 6.195
689 355 255,550.00 254,464.13 11/01/97 1,678.79 95.00 269,000.00 5.695
690 356 179,000.00 178,182.06 11/01/97 1,131.41 74.58 240,000.00 5.320
691 355 140,800.00 140,114.29 10/01/97 948.60 80.00 176,000.00 5.945
692 356 288,000.00 286,475.11 11/01/97 1,891.96 80.00 360,000.00 5.695
693 356 178,800.00 178,094.08 11/01/97 1,219.74 50.65 353,000.00 6.070
694 356 158,200.00 157,511.22 11/01/97 1,026.09 81.97 193,000.00 5.570
695 356 234,000.00 233,053.15 11/01/97 1,576.51 90.00 260,000.00 5.945
696 356 125,850.00 125,254.78 11/01/97 826.75 94.98 132,500.00 5.695
697 356 224,000.00 223,137.20 11/01/97 1,547.12 77.24 290,000.00 6.195
698 356 152,100.00 151,317.01 11/01/97 899.73 90.00 169,000.00 4.695
699 355 68,000.00 67,675.85 10/01/97 463.88 94.44 72,000.00 6.070
700 356 340,000.00 338,657.71 11/01/97 2,319.40 80.00 425,000.00 6.070
701 356 205,000.00 203,919.51 11/01/97 1,196.33 75.65 271,000.00 4.570
702 356 272,000.00 270,899.41 11/01/97 1,832.52 80.00 340,000.00 5.945
703 355 123,000.00 122,339.77 10/01/97 787.59 94.98 129,500.00 5.445
704 356 105,600.00 105,172.71 11/01/97 711.45 80.00 132,000.00 5.945
705 356 142,500.00 141,894.54 11/01/97 936.12 75.00 190,000.00 5.695
706 358 107,350.00 107,057.26 01/01/98 678.53 79.52 135,000.00 5.320
707 357 106,200.00 105,840.04 12/01/97 697.66 89.32 118,900.00 5.695
708 355 262,600.00 261,382.49 10/01/97 1,813.72 89.93 292,000.00 6.195
709 355 148,400.00 147,544.04 10/01/97 913.73 80.00 185,500.00 5.070
710 356 731,250.00 728,291.20 11/01/97 4,926.57 75.00 975,000.00 5.945
711 356 220,000.00 219,087.73 11/01/97 1,463.67 80.00 275,000.00 5.820
712 355 123,025.00 122,168.99 10/01/97 679.35 95.00 129,500.00 4.070
713 356 121,600.00 120,920.20 11/01/97 778.62 95.00 128,000.00 5.445
714 357 128,600.00 128,265.96 01/01/98 834.10 79.98 160,800.00 5.570
715 357 95,900.00 95,590.48 12/01/97 646.10 80.59 119,000.00 5.945
</TABLE>
D-35
<PAGE>
<TABLE>
<CAPTION>
Lender
Property Paid CD pledge CD Convert- POOL-OUT
Type Occ MI (Y/N) Loan (Y/N) Amount ible Purp POOL-OUT
GROUP 1 LOANS
Loannum Outpool Conv-Y/N
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
656 1 1 N N Y 3 0001 3,926,751 5968060 0 5968060 0001 Y
657 3 1 N N Y 2 0001 1,025,051 5968201 0 5968201 0001 Y
658 1 1 N N Y 1 0001 730,279 5968227 0 5968227 0001 Y
659 1 1 N N Y 2 0001 932,071 5968268 0 5968268 0001 Y
660 1 1 N N Y 2 0001 522,023 5968318 0 5968318 0001 Y
661 1 1 N N Y 2 0001 895,209 5968326 0 5968326 0001 Y
662 2 1 N N Y 3 0001 627,274 5968425 0 5968425 0001 Y
663 1 1 N N Y 1 0001 551,550 5968458 0 5968458 0001 Y
664 1 1 N N Y 1 0001 642,821 5968482 0 5968482 0001 Y
665 1 1 N N Y 1 0001 1,078,281 5968516 0 5968516 0001 Y
666 1 1 N N Y 2 0001 643,341 5968581 0 5968581 0001 Y
667 1 1 N N Y 3 0001 1,401,548 5969035 0 5969035 0001 Y
668 1 1 N N Y 1 0001 970,807 5969142 0 5969142 0001 Y
669 1 1 N N Y 1 0001 1,014,914 5969175 0 5969175 0001 Y
670 1 1 N N Y 3 0001 1,699,763 5969191 0 5969191 0001 Y
671 1 1 N N Y 3 0001 775,714 5969332 0 5969332 0001 Y
672 1 1 N N Y 1 0001 1,215,898 5969357 0 5969357 0001 Y
673 1 1 N N Y 1 0001 712,066 5969381 0 5969381 0001 Y
674 1 1 N N Y 2 0001 1,479,855 5969407 0 5969407 0001 Y
675 1 1 N N Y 2 0001 917,746 5969449 0 5969449 0001 Y
676 1 1 N N Y 2 0001 878,211 5969456 0 5969456 0001 Y
677 1 1 N N Y 3 0001 3,847,758 5969498 0 5969498 0001 Y
678 2 1 N N Y 2 0001 819,955 5969605 0 5969605 0001 Y
679 1 1 N N Y 1 0001 425,687 5969688 0 5969688 0001 Y
680 2 1 N N Y 2 0001 425,268 5969696 0 5969696 0001 Y
681 1 1 N N Y 1 0001 1,159,173 5969746 0 5969746 0001 Y
682 1 1 N N Y 3 0001 828,804 5969761 0 5969761 0001 Y
683 1 1 N N Y 1 0001 1,301,767 5969787 0 5969787 0001 Y
684 1 1 N N Y 3 0001 958,297 5969878 0 5969878 0001 Y
685 2 1 N N Y 2 0001 657,813 5969886 0 5969886 0001 Y
686 1 1 N N Y 1 0001 336,831 5969902 0 5969902 0001 Y
687 1 1 N N Y 2 0001 1,388,011 5969936 0 5969936 0001 Y
688 1 1 N N Y 2 0001 1,026,877 5970041 0 5970041 0001 Y
689 1 1 N N Y 1 0001 1,449,173 5970082 0 5970082 0001 Y
690 1 1 N N Y 3 0001 947,929 5970157 0 5970157 0001 Y
691 1 1 N N Y 3 0001 832,979 5970231 0 5970231 0001 Y
692 1 1 N N Y 1 0001 1,631,476 5970306 0 5970306 0001 Y
693 1 1 N N Y 2 0001 1,081,031 5970314 0 5970314 0001 Y
694 1 1 N N Y 2 0001 877,337 5970330 0 5970330 0001 Y
695 1 1 N N Y 1 0001 1,385,501 5970371 0 5970371 0001 Y
696 1 1 N N Y 1 0001 713,326 5970413 0 5970413 0001 Y
697 1 1 N N Y 2 0001 1,382,335 5970447 0 5970447 0001 Y
698 1 1 N N Y 1 0001 710,433 5970611 0 5970611 0001 Y
699 3 1 N N Y 1 0001 410,792 5970652 0 5970652 0001 Y
700 1 1 N N Y 2 0001 2,055,652 5970702 0 5970702 0001 Y
701 1 1 N N Y 2 0001 931,912 5970793 0 5970793 0001 Y
702 1 1 N N Y 1 0001 1,610,497 5970801 0 5970801 0001 Y
703 2 1 N N Y 1 0001 666,140 5970892 0 5970892 0001 Y
704 1 1 N N Y 3 0001 625,252 5970942 0 5970942 0001 Y
705 1 1 N N Y 2 0001 808,089 5970959 0 5970959 0001 Y
706 1 1 N N Y 2 0001 569,545 5970991 0 5970991 0001 Y
707 1 1 N N Y 1 0001 602,759 5971049 0 5971049 0001 Y
708 1 1 N N Y 1 0001 1,619,265 5971197 0 5971197 0001 Y
709 1 1 N N Y 1 0001 748,048 5971296 0 5971296 0001 Y
710 1 1 N N Y 2 0001 4,329,691 5971361 0 5971361 0001 Y
711 1 1 N N Y 2 0001 1,275,091 5971411 0 5971411 0001 Y
712 1 1 N N Y 1 0001 497,228 5971494 0 5971494 0001 Y
713 1 1 N N Y 1 0001 658,410 5971593 0 5971593 0001 Y
714 1 1 N N Y 3 0001 714,441 5971601 0 5971601 0001 Y
715 1 1 N N Y 1 0001 568,285 5971619 0 5971619 0001 Y
</TABLE>
D-36
<PAGE>
<TABLE>
<CAPTION>
Maximum Minimum Original
Loan-no City State Zip Index Margin Int rate Int rate Term
GROUP 1 LOANS
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
716 5971759 FAIRFAX VA 22030 01 3.000 11.625 3.000 360
717 5971817 GAITHERSBUR MD 20878 01 3.000 12.875 3.000 360
718 5971858 WASHINGTON DC 20009 01 3.000 11.750 3.000 360
719 5972021 WESTFORD MA 1886 01 3.000 13.250 3.000 360
720 5972153 ROCKVILLE MD 20850 01 3.000 13.125 3.000 360
721 5972179 MT AIRY MD 21771 01 3.000 13.250 3.000 360
722 5972237 ANNAPOLIS MD 21403 01 3.000 13.125 3.000 360
723 5972377 FAIRFAX VA 22031 01 3.000 13.250 3.000 360
724 5972393 FOGELSVILLE PA 18051 01 3.000 11.750 3.000 360
725 5972419 WILMINGTON NC 28405 01 3.000 12.750 3.000 360
726 5972427 DAVIDSON NC 28036 01 3.000 13.125 3.000 360
727 5972443 KINGS MOUNT NC 28086 01 3.000 12.750 3.000 360
728 5972542 NORTH POTOM MD 20878 01 3.000 13.000 3.000 360
729 5972583 LEXINGTON MA 2173 01 3.000 13.000 3.000 360
730 5972658 CHARLOTTE NC 28270 01 3.000 11.750 3.000 360
731 5972757 MONETA VA 24121 01 3.000 12.750 3.000 360
732 5972765 SUMMERFIELD NC 27358 01 3.000 13.125 3.000 360
733 5972773 BALTIMORE MD 21210 01 3.000 12.875 3.000 360
734 5972963 STEWARTSTOW PA 17363 01 3.000 11.750 3.000 360
735 5973110 SUPERIOR CO 80027 01 3.000 12.750 3.000 360
736 5973151 GOSHEN NY 10924 01 3.000 13.750 3.000 360
737 5973169 HAMPDEN TOW PA 17055 01 3.000 13.250 3.000 360
738 5973185 ELLICOTT CI MD 21043 01 3.000 12.625 3.000 360
739 5973193 GERMANTOWN MD 20874 01 3.000 12.750 3.000 360
740 5973292 MONROE TOWN NJ 8094 01 3.000 13.250 3.000 360
741 5973342 BOWIE MD 20715 01 3.000 13.250 3.000 360
742 5973367 RICHMOND VA 23229 01 3.000 13.000 3.000 360
743 5973458 WASHINGTON DC 20015 01 3.000 12.625 3.000 360
744 5973482 NEW CANAAN CT 6840 01 3.000 9.875 3.000 360
745 5973516 POTOMAC MD 20854 01 3.000 12.875 3.000 360
746 5973540 DAVIDSON NC 29036 01 3.000 12.625 3.000 360
747 5973615 NEWPORT NEW VA 23605 01 3.000 12.500 3.000 360
748 5973631 GERMANTOWN MD 20874 01 3.000 12.500 3.000 360
749 5973649 RICHMOND VA 23235 01 3.000 13.250 3.000 360
750 5973656 BEL AIR MD 21014 01 3.000 12.750 3.000 360
751 5973672 FRANKLIN LA NJ 7417 01 3.000 12.125 3.000 360
752 5973706 CHAMBERSBUR PA 17201 01 3.000 11.750 3.000 360
753 5973722 FAYETTEVILL NC 28311 01 3.000 12.875 3.000 360
754 5973748 PLEASANT GA NC 27313 01 3.000 11.750 3.000 360
755 5973821 WILMINGTON MA 1887 01 3.000 13.000 3.000 360
756 5973839 CHARLOTTE NC 28277 01 3.000 12.875 3.000 360
757 5973946 NEW CITY NY 10956 01 3.000 13.125 3.000 360
758 5973953 GLEN ALLEN VA 23060 01 3.000 12.375 3.000 360
759 5973979 SILVER SPRI MD 20906 01 3.000 12.500 3.000 360
760 5973987 MARGATE NJ 8402 01 3.000 13.750 3.000 360
761 5974019 EMERALD ISL NC 28694 01 3.000 13.250 3.000 360
762 5974076 BETHESDA MD 20817 01 3.000 12.500 3.000 360
763 5974084 ACWORTH GA 30101 01 3.000 12.375 3.000 360
764 5974183 RESTON VA 20194 01 3.000 13.250 3.000 360
765 5974282 CHESTER VA 23831 01 3.000 13.125 3.000 360
766 5974324 FALLS CHURC VA 22043 01 3.000 13.125 3.000 360
767 5974332 HERNDON VA 20171 01 3.000 12.875 3.000 360
768 5974357 BETHESDA MD 20816 01 3.000 13.000 3.000 360
769 5974365 WILLARD NC 28478 01 3.000 12.875 3.000 360
770 5974399 GERMANTOWN MD 20874 01 3.000 12.500 3.000 360
771 5974415 MOORESVILLE NC 28115 01 3.000 12.500 3.000 360
772 5974423 SPRINGFIELD VA 22152 01 3.000 13.250 3.000 360
773 5974480 WAKE FOREST NC 27587 01 3.000 12.625 3.000 360
774 5974498 CHARLOTTE NC 28269 01 3.000 13.000 3.000 360
775 5974514 GREENSBORO NC 27455 01 3.000 12.750 3.000 360
</TABLE>
D-37
<PAGE>
<TABLE>
<CAPTION>
Original 03/01/98 Orig-
Remaining Principal Principal 1st due 03/01/98 inal Appraised Net
Term Bal Bal date p&i LTV Value Mtg Rate
GROUP 1 LOANS
<S> <C> <C> <C> <C> <C> <C> <C> <C>
716 355 179,550.00 178,211.79 10/01/97 950.20 90.00 199,500.00 3.695
717 356 100,000.00 99,575.09 11/01/97 656.93 40.65 246,000.00 5.695
718 355 186,400.00 185,218.25 10/01/97 1,087.78 94.98 196,250.00 4.570
719 356 276,800.00 275,707.20 11/01/97 1,888.27 80.00 346,000.00 6.070
720 356 122,000.00 121,506.36 11/01/97 821.94 78.21 156,000.00 5.945
721 355 214,600.00 212,946.94 10/01/97 1,463.96 79.07 271,388.00 6.070
722 358 220,000.00 219,469.04 01/01/98 1,482.19 80.00 275,000.00 5.945
723 357 273,600.00 272,532.30 12/01/97 1,866.44 80.00 342,000.00 6.070
724 357 274,500.00 273,289.84 12/01/97 1,558.59 90.00 305,000.00 4.320
725 356 120,000.00 119,477.56 11/01/97 778.32 77.42 155,000.00 5.570
726 356 158,650.00 158,008.03 11/01/97 1,068.86 95.00 167,000.00 5.945
727 355 118,600.00 117,978.63 10/01/97 769.24 94.96 124,900.00 5.570
728 357 480,000.00 478,412.33 12/01/97 3,193.46 73.85 650,000.00 5.820
729 357 290,000.00 289,040.80 12/01/97 1,929.38 65.91 440,000.00 5.820
730 356 186,200.00 185,097.63 11/01/97 1,013.83 84.98 219,100.00 3.945
731 355 300,000.00 298,428.25 10/01/97 1,945.80 68.18 440,000.00 5.570
732 356 195,400.00 194,609.36 11/01/97 1,316.45 65.46 298,500.00 5.945
733 355 100,000.00 99,575.09 11/01/97 656.93 35.71 280,000.00 5.695
734 357 139,850.00 139,028.60 12/01/97 794.06 94.97 147,250.00 4.320
735 356 143,650.00 143,023.23 11/01/97 931.72 78.93 182,000.00 5.570
736 356 265,000.00 264,052.63 11/01/97 1,898.50 94.98 279,000.00 6.570
737 357 111,920.00 111,567.56 12/01/97 763.50 80.00 139,900.00 6.070
738 356 199,200.00 198,311.49 11/01/97 1,275.50 80.00 249,000.00 5.445
739 356 79,920.00 79,572.05 11/01/97 518.36 80.00 99,900.00 5.570
740 356 118,000.00 117,534.14 11/01/97 804.97 66.29 178,000.00 6.070
741 359 232,200.00 231,836.62 02/01/98 1,584.02 86.97 267,000.00 6.070
742 357 89,000.00 88,705.62 12/01/97 592.12 82.41 108,000.00 5.820
743 357 337,050.00 335,850.62 12/01/97 2,158.17 90.00 374,500.00 5.445
744 356 165,000.00 164,298.88 11/01/97 1,083.94 31.13 530,000.00 5.695
745 355 231,100.00 229,918.22 10/01/97 1,518.17 79.99 288,900.00 5.695
746 357 125,000.00 124,555.19 12/01/97 800.39 45.62 273,989.00 5.445
747 358 57,600.00 57,382.62 01/01/98 364.07 80.00 72,000.00 5.320
748 355 155,300.00 154,537.87 11/01/97 981.61 94.98 163,500.00 5.320
749 356 500,000.00 498,026.01 11/01/97 3,410.89 74.07 675,000.00 6.070
750 356 163,200.00 162,489.45 11/01/97 1,058.52 69.45 235,000.00 5.570
751 359 596,000.00 594,838.49 02/01/98 3,621.36 79.68 748,000.00 4.945
752 356 106,300.00 105,006.74 11/01/97 611.93 95.00 111,900.00 4.445
753 356 167,000.00 166,290.38 11/01/97 1,097.08 84.34 198,000.00 5.695
754 356 88,800.00 88,302.26 11/01/97 504.20 85.38 104,000.00 4.320
755 357 150,000.00 149,503.84 12/01/97 997.96 64.96 230,900.00 5.820
756 356 129,200.00 128,650.99 11/01/97 848.76 95.00 136,000.00 5.695
757 357 189,050.00 188,439.85 12/01/97 1,273.67 95.00 199,000.00 5.945
758 357 111,900.00 111,482.08 12/01/97 698.12 80.00 139,880.00 5.195
759 356 105,600.00 105,117.44 11/01/97 667.47 80.00 132,000.00 5.320
760 357 384,750.00 383,329.49 12/01/97 2,756.40 88.86 433,000.00 6.570
761 356 248,000.00 247,219.09 12/01/97 1,691.80 80.00 310,000.00 6.070
762 357 350,000.00 348,724.05 12/01/97 2,212.24 73.68 475,000.00 5.320
763 357 188,000.00 187,297.90 12/01/97 1,172.88 80.00 235,000.00 5.195
764 355 250,400.00 249,411.44 11/01/97 1,708.17 80.00 313,000.00 6.070
765 356 250,400.00 249,386.78 11/01/97 1,687.00 80.00 313,000.00 5.945
766 357 128,000.00 127,586.90 12/01/97 862.36 78.98 162,070.00 5.945
767 357 204,800.00 204,022.46 12/01/97 1,345.40 80.00 256,000.00 5.695
768 357 350,000.00 348,842.35 12/01/97 2,328.56 59.32 590,000.00 5.820
769 357 80,000.00 79,728.81 12/01/97 525.55 68.38 117,000.00 5.695
770 355 116,000.00 115,469.95 11/01/97 733.20 80.00 145,000.00 5.320
771 356 132,800.00 132,193.17 11/01/97 839.39 94.99 139,800.00 5.320
772 357 269,000.00 268,152.96 12/01/97 1,835.06 79.12 340,000.00 6.070
773 356 160,000.00 159,286.32 11/01/97 1,024.50 74.07 216,000.00 5.445
774 356 96,700.00 96,134.02 11/01/97 643.35 77.98 124,000.00 5.820
775 356 87,400.00 87,019.48 11/01/97 566.88 95.00 92,000.00 5.570
</TABLE>
D-38
<PAGE>
<TABLE>
<CAPTION>
Lender
Property Paid CD pledge CD Convert- POOL-OUT
Type Occ MI (Y/N) Loan (Y/N) Amount ible Purp POOL-OUT
GROUP 1 LOANS
Loannum Outpool Conv-Y/N
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
716 1 1 N N Y 1 0001 658,493 5971759 0 5971759 0001 Y
717 2 1 N N Y 3 0001 567,080 5971817 0 5971817 0001 Y
718 3 1 N N Y 1 0001 846,447 5971858 0 5971858 0001 Y
719 1 1 N N Y 2 0001 1,673,543 5972021 0 5972021 0001 Y
720 2 1 N N Y 2 0001 722,355 5972153 0 5972153 0001 Y
721 1 1 N N Y 1 0001 1,292,588 5972179 0 5972179 0001 Y
722 3 1 N N Y 1 0001 1,304,743 5972237 0 5972237 0001 Y
723 1 1 N N Y 2 0001 1,654,271 5972377 0 5972377 0001 Y
724 1 1 N N Y 2 0001 1,180,612 5972393 0 5972393 0001 Y
725 1 1 N N Y 3 0001 665,490 5972419 0 5972419 0001 Y
726 3 1 N N Y 1 0001 939,358 5972427 0 5972427 0001 Y
727 1 1 N N Y 1 0001 657,141 5972443 0 5972443 0001 Y
728 1 1 N N Y 2 0001 2,784,360 5972542 0 5972542 0001 Y
729 1 1 N N Y 2 0001 1,682,217 5972583 0 5972583 0001 Y
730 1 1 N N Y 1 0001 730,210 5972658 0 5972658 0001 Y
731 1 1 N N Y 3 0001 1,662,245 5972757 0 5972757 0001 Y
732 1 1 N N Y 2 0001 1,156,953 5972765 0 5972765 0001 Y
733 1 1 N N Y 3 0001 567,080 5972773 0 5972773 0001 Y
734 1 1 N N Y 1 0001 600,604 5972963 0 5972963 0001 Y
735 1 1 N N Y 2 0001 796,639 5973110 0 5973110 0001 Y
736 1 1 N N Y 1 0001 1,734,826 5973151 0 5973151 0001 Y
737 1 1 N N Y 3 0001 677,215 5973169 0 5973169 0001 Y
738 1 1 N N Y 2 0001 1,079,806 5973185 0 5973185 0001 Y
739 3 1 N N Y 1 0001 443,216 5973193 0 5973193 0001 Y
740 1 1 N N Y 1 0001 713,432 5973292 0 5973292 0001 Y
741 1 1 N N Y 2 0001 1,407,248 5973342 0 5973342 0001 Y
742 1 1 N N Y 2 0001 516,267 5973367 0 5973367 0001 Y
743 1 1 N N Y 1 0001 1,828,707 5973458 0 5973458 0001 Y
744 1 1 N N Y 2 0001 935,682 5973482 0 5973482 0001 Y
745 2 1 N N Y 1 0001 1,309,384 5973516 0 5973516 0001 Y
746 1 1 N N Y 1 0001 678,203 5973540 0 5973540 0001 Y
747 1 1 N N Y 3 0001 305,276 5973615 0 5973615 0001 Y
748 1 1 N N Y 1 0001 822,141 5973631 0 5973631 0001 Y
749 1 1 N N Y 3 0001 3,023,018 5973649 0 5973649 0001 Y
750 1 1 N N Y 2 0001 905,066 5973656 0 5973656 0001 Y
751 1 1 N N Y 2 0001 2,941,476 5973672 0 5973672 0001 Y
752 1 1 N N Y 1 0001 466,755 5973706 0 5973706 0001 Y
753 1 1 N N Y 2 0001 947,024 5973722 0 5973722 0001 Y
754 1 1 N N Y 1 0001 381,466 5973748 0 5973748 0001 Y
755 1 1 N N Y 1 0001 870,112 5973821 0 5973821 0001 Y
756 1 1 N N Y 1 0001 732,667 5973839 0 5973839 0001 Y
757 1 1 N N Y 1 0001 1,120,275 5973946 0 5973946 0001 Y
758 1 1 N N Y 1 0001 579,149 5973953 0 5973953 0001 Y
759 2 1 N N Y 2 0001 559,225 5973979 0 5973979 0001 Y
760 1 1 N N Y 1 0001 2,518,475 5973987 0 5973987 0001 Y
761 1 1 N N Y 1 0001 1,500,620 5974019 0 5974019 0001 Y
762 1 1 N N Y 2 0001 1,855,212 5974076 0 5974076 0001 Y
763 1 1 N N Y 2 0001 973,013 5974084 0 5974084 0001 Y
764 1 1 N N Y 2 0001 1,513,927 5974183 0 5974183 0001 Y
765 1 1 N N Y 1 0001 1,482,604 5974282 0 5974282 0001 Y
766 3 1 N N Y 1 0001 758,504 5974324 0 5974324 0001 Y
767 1 1 N N Y 2 0001 1,161,908 5974332 0 5974332 0001 Y
768 1 1 N N Y 2 0001 2,030,262 5974357 0 5974357 0001 Y
769 1 1 N N Y 2 0001 454,056 5974365 0 5974365 0001 Y
770 2 1 N N Y 1 0001 614,300 5974399 0 5974399 0001 Y
771 1 1 N N Y 1 0001 703,268 5974415 0 5974415 0001 Y
772 1 1 N N Y 2 0001 1,627,688 5974423 0 5974423 0001 Y
773 1 1 N N Y 2 0001 867,314 5974480 0 5974480 0001 Y
774 2 1 N N Y 2 0001 559,500 5974498 0 5974498 0001 Y
775 1 1 N N Y 1 0001 484,699 5974514 0 5974514 0001 Y
</TABLE>
D-39
<PAGE>
<TABLE>
<CAPTION>
Maximum Minimum Original
Loan-no City State Zip Index Margin Int rate Int rate Term
GROUP 1 LOANS
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
776 5974571 ROCKVILLE MD 20854 01 3.000 13.125 3.000 360
777 5974639 BETHESDA MD 20814 01 3.000 13.125 3.000 360
778 5974654 FAIRFAX VA 22032 01 3.000 12.875 3.000 360
779 5974662 CORNELIUS NC 28031 01 3.000 12.500 3.000 360
780 5974696 SOUTHERN PI NC 28387 01 3.000 12.750 3.000 360
781 5974704 DUNN LORING VA 22027 01 3.000 13.250 3.000 360
782 5974746 MCLEAN VA 22101 01 3.000 12.750 3.000 360
783 5974811 STAUNTON VA 24401 01 3.000 12.875 3.000 360
784 5974852 DARIEN CT 6820 01 3.000 13.250 3.000 360
785 5974894 FAIRFAX STA VA 22039 01 3.000 13.250 3.000 360
786 5974944 WILMINGTON NC 28409 01 3.000 12.750 3.000 360
787 5974993 EDISON NJ 8820 01 3.000 13.125 3.000 360
788 5975016 NETCONG NJ 7857 01 3.000 12.875 3.000 360
789 5975024 FORT WASHIN MD 20744 01 3.000 13.125 3.000 360
790 5975032 HILTON HEAD SC 29926 01 3.000 13.125 3.000 360
791 5975131 CABIN JOHN MD 20818 01 3.000 12.625 3.000 360
792 5975289 MUNDELEIN IL 60060 01 3.000 13.125 3.000 360
793 5975354 SOUTHBOROUG MA 1772 01 3.000 13.250 3.000 360
794 5975370 DURHAM NC 27703 01 3.000 12.750 3.000 360
795 5975388 FREEPORT PA 16229 01 3.000 13.000 3.000 360
796 5975396 EFLAND NC 27243 01 3.000 12.750 3.000 360
797 5975438 ATLANTA GA 30305 01 3.000 12.375 3.000 360
798 5975446 KERNERSVILL NC 27284 01 3.000 11.750 3.000 360
799 5975537 ROCKVILLE MD 20853 01 3.000 13.250 3.000 360
800 5975552 RALEIGH NC 27614 01 3.000 13.125 3.000 360
801 5975636 MYERSVILLE MD 21773 01 3.000 12.500 3.000 360
802 5975792 ANDOVER TOW NJ 7821 01 3.000 13.125 3.000 360
803 5975818 DENVER NC 28037 01 3.000 12.500 3.000 360
804 5975875 NORTH HALED NJ 7508 01 3.000 13.000 3.000 360
805 5975933 NELLYSFORD VA 22958 01 3.000 12.875 3.000 360
806 5975966 ANNAPOLIS MD 21401 01 3.000 12.500 3.000 360
807 5975974 PITTSBURGH PA 15237 01 3.000 12.250 3.000 360
808 5975982 RALEIGH NC 27613 01 3.000 12.125 3.000 360
809 5975990 RICHMOND VA 23226 01 3.000 13.000 3.000 360
810 5976014 WASHINGTON DC 20007 01 3.000 13.125 3.000 360
811 5976022 RALEIGH NC 27607 01 3.000 12.500 3.000 360
812 5976030 CHERRY HILL NJ 8003 01 3.000 11.750 3.000 360
813 5976055 MATTHEWS NC 28105 01 3.000 13.000 3.000 360
814 5976063 FAIRFAX VA 22032 01 3.000 13.250 3.000 360
815 5976089 OLNEY MD 20832 01 3.000 13.125 3.000 360
816 5976139 ALEXANDRIA VA 22302 01 3.000 13.250 3.000 360
817 5976154 CHARLOTTE NC 28227 01 3.000 12.375 3.000 360
818 5976220 SILVER SPRI MD 20906 01 3.000 13.125 3.000 360
819 5976238 WASHINGTON DC 20002 01 3.000 12.000 3.000 360
820 5976261 ELLICOTT CI MD 21042 01 3.000 13.250 3.000 360
821 5976295 MOUNT AIRY MD 21771 01 3.000 13.250 3.000 360
822 5976311 BETHESDA MD 20817 01 3.000 13.250 3.000 360
823 5976329 WASHINGTON DC 20016 01 3.000 13.250 3.000 360
824 5976378 PRINCETON T NJ 8540 01 3.000 13.250 3.000 360
825 5976394 HUNTERSVILL NC 28078 01 3.000 12.625 3.000 360
826 5976451 SPRINGFIELD VA 22152 01 3.000 13.125 3.000 360
827 5976469 CRAMERTON NC 28032 01 3.000 12.625 3.000 360
828 5976477 ROANOKE VA 24015 01 3.000 12.500 3.000 360
829 5976493 AMBLER PA 19002 01 3.000 13.000 3.000 360
830 5976584 CANTON TOWN MI 48187 01 3.000 13.125 3.000 360
831 5976618 FAIRFAX VA 22032 01 3.000 11.875 3.000 360
832 5976634 JAMESTOWN NC 27282 01 3.000 12.375 3.000 360
833 5976667 HIGH POINT NC 27265 01 3.000 13.125 3.000 360
834 5976857 HOPKINTON MA 1748 01 3.000 12.750 3.000 360
835 5976873 WILMINGTON NC 28409 01 3.000 12.750 3.000 360
</TABLE>
D-40
<PAGE>
<TABLE>
<CAPTION>
Original 03/01/98 Orig-
Remaining Principal Principal 1st due 03/01/98 inal Appraised Net
Term Bal Bal date p&i LTV Value Mtg Rate
GROUP 1 LOANS
<S> <C> <C> <C> <C> <C> <C> <C> <C>
776 356 307,800.00 306,554.55 11/01/97 2,073.71 90.00 342,000.00 5.945
777 356 243,000.00 242,016.76 11/01/97 1,637.14 90.00 270,000.00 5.945
778 356 290,300.00 289,066.48 11/01/97 1,907.07 79.53 365,000.00 5.695
779 357 196,000.00 195,285.45 12/01/97 1,238.86 88.69 221,000.00 5.320
780 357 108,800.00 108,422.10 12/01/97 705.68 80.00 136,000.00 5.570
781 356 317,550.00 316,197.79 11/01/97 2,166.26 79.99 396,965.00 6.070
782 356 314,400.00 313,031.20 11/01/97 2,039.20 80.00 393,000.00 5.570
783 357 700,000.00 697,627.34 12/01/97 4,598.51 70.00 1,000,000.00 5.695
784 356 825,000.00 822,402.25 12/01/97 5,627.96 63.46 1,300,000.00 6.070
785 356 492,000.00 490,450.79 12/01/97 3,356.31 76.88 640,000.00 6.070
786 357 185,250.00 184,584.40 12/01/97 1,201.53 58.81 315,000.00 5.570
787 356 187,000.00 185,939.14 11/01/97 1,259.86 77.92 240,000.00 5.945
788 357 120,150.00 119,742.75 12/01/97 789.30 94.98 126,500.00 5.695
789 357 235,000.00 234,241.57 12/01/97 1,583.24 83.93 280,000.00 5.945
790 356 288,000.00 287,070.52 12/01/97 1,940.31 80.00 360,000.00 5.945
791 355 189,600.00 188,754.32 11/01/97 1,214.03 80.00 237,000.00 5.445
792 357 80,000.00 79,617.93 12/01/97 538.98 71.11 112,500.00 5.945
793 356 325,000.00 323,318.13 11/01/97 2,217.08 64.36 505,000.00 6.070
794 356 154,750.00 154,076.27 11/01/97 1,003.71 92.97 166,450.00 5.570
795 357 84,400.00 24,191.22 01/01/98 561.52 80.38 105,000.00 5.820
796 357 88,150.00 87,843.85 12/01/97 571.74 79.99 110,208.00 5.570
797 356 185,150.00 184,283.39 11/01/97 1,155.10 51.84 357,150.00 5.195
798 355 130,950.00 130,259.81 11/01/97 764.19 90.00 145,500.00 4.570
799 357 240,000.00 239,244.27 12/01/97 1,637.23 80.00 300,000.00 6.070
800 356 244,550.00 243,560.50 11/01/97 1,647.58 80.00 305,705.00 5.945
801 356 332,100.00 330,476.06 11/01/97 2,099.10 90.00 369,000.00 5.320
802 357 196,000.00 195,367.43 12/01/97 1,320.49 80.00 245,000.00 5.945
803 356 116,900.00 116,364.70 11/01/97 738.89 89.99 129,900.00 5.320
804 357 229,500.00 228,740.91 12/01/97 1,526.87 90.00 255,000.00 5.820
805 357 150,000.00 149,491.56 12/01/97 985.40 75.00 200,000.00 5.695
806 357 117,700.00 117,270.90 12/01/97 743.95 79.99 147,150.00 5.320
807 356 185,250.00 184,541.38 12/01/97 1,140.62 95.00 195,000.00 5.070
808 355 180,000.00 179,116.28 11/01/97 1,093.70 86.96 207,000.00 4.945
809 355 150,000.00 149,322.45 11/01/97 997.96 60.73 247,000.00 5.820
810 357 196,000.00 195,367.43 12/01/97 1,320.49 80.00 245,000.00 5.945
811 356 124,000.00 123,433.39 11/01/97 783.77 88.57 140,000.00 5.320
812 356 62,000.00 61,415.72 12/01/97 361.82 59.05 105,000.00 4.570
813 356 111,750.00 111,380.35 12/01/97 743.48 75.00 149,000.00 5.820
814 356 209,600.00 208,688.84 11/01/97 1,429.85 80.00 262,000.00 6.070
815 357 214,600.00 213,907.41 12/01/97 1,445.80 79.48 270,000.00 5.945
816 356 480,000.00 478,104.99 11/01/97 3,274.45 66.67 720,000.00 6.070
817 357 150,850.00 150,286.65 12/01/97 941.11 79.98 188,600.00 5.195
818 357 143,100.00 142,638.14 12/01/97 964.10 90.00 159,000.00 5.945
819 356 209,000.00 207,949.19 11/01/97 1,253.07 95.00 220,000.00 4.820
820 357 260,000.00 259,181.31 12/01/97 1,773.66 78.79 330,000.00 6.070
821 357 258,400.00 257,586.33 12/01/97 1,762.75 80.00 323,000.00 6.070
822 359 420,000.00 419,342.72 02/01/98 2,865.15 79.25 530,000.00 6.070
823 357 280,000.00 279,118.32 12/01/97 1,910.10 80.00 350,000.00 6.070
824 358 260,000.00 259,387.84 01/01/98 1,773.66 80.00 325,000.00 6.070
825 356 340,000.00 338,483.46 11/01/97 2,177.06 80.00 425,000.00 5.445
826 357 196,000.00 195,367.43 12/01/97 1,320.49 80.00 245,000.00 5.945
827 357 247,500.00 246,619.29 12/01/97 1,584.77 75.00 330,000.00 5.445
828 357 52,250.00 52,059.50 12/01/97 330.26 95.00 55,000.00 5.320
829 358 109,250.00 108,979.75 01/01/98 726.85 95.00 115,000.00 5.820
830 357 148,000.00 147,522.33 12/01/97 997.11 79.78 185,500.00 5.945
831 356 172,000.00 171,038.79 11/01/97 1,017.45 80.00 215,000.00 4.695
832 357 120,750.00 120,299.03 12/01/97 753.33 75.47 160,000.00 5.195
833 357 180,900.00 180,316.15 12/01/97 1,218.76 88.24 205,000.00 5.945
834 357 351,000.00 349,780.96 12/01/97 2,276.58 90.00 390,000.00 5.570
835 357 135,000.00 134,531.12 12/01/97 875.61 75.00 180,000.00 5.570
</TABLE>
D-41
<PAGE>
<TABLE>
<CAPTION>
Lender
Property Paid CD pledge CD Convert- POOL-OUT
Type Occ MI (Y/N) Loan (Y/N) Amount ible Purp POOL-OUT
GROUP 1 LOANS
Loannum Outpool Conv-Y/N
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
776 1 1 N N Y 1 0001 1,822,467 5974571 0 5974571 0001 Y
777 3 1 N N Y 2 0001 1,438,790 5974639 0 5974639 0001 Y
778 1 1 N N Y 2 0001 1,646,234 5974654 0 5974654 0001 Y
779 3 1 N N Y 1 0001 1,038,919 5974662 0 5974662 0001 Y
780 1 1 N N Y 3 0001 603,911 5974696 0 5974696 0001 Y
781 1 1 N N Y 1 0001 1,919,321 5974704 0 5974704 0001 Y
782 1 1 N N Y 1 0001 1,743,584 5974746 0 5974746 0001 Y
783 1 1 N N Y 2 0001 3,972,988 5974811 0 5974811 0001 Y
784 1 1 N N Y 3 0001 4,991,982 5974852 0 5974852 0001 Y
785 1 1 N N Y 2 0001 2,977,036 5974894 0 5974894 0001 Y
786 1 1 N N Y 2 0001 1,028,135 5974944 0 5974944 0001 Y
787 1 1 N N Y 2 0001 1,105,408 5974993 0 5974993 0001 Y
788 1 1 N N Y 1 0001 681,935 5975016 0 5975016 0001 Y
789 1 1 N N Y 2 0001 1,392,566 5975024 0 5975024 0001 Y
790 1 1 N N Y 1 0001 1,706,634 5975032 0 5975032 0001 Y
791 1 1 N N Y 1 0001 1,027,767 5975131 0 5975131 0001 Y
792 3 1 N N Y 1 0001 473,329 5975289 0 5975289 0001 Y
793 1 1 N N Y 2 0001 1,962,541 5975354 0 5975354 0001 Y
794 1 1 N N Y 1 0001 858,205 5975370 0 5975370 0001 Y
795 1 1 N N Y 1 0001 140,793 5975388 0 5975388 0001 Y
796 1 1 N N Y 1 0001 489,290 5975396 0 5975396 0001 Y
797 1 1 N N Y 1 0001 957,352 5975438 0 5975438 0001 Y
798 1 1 N N Y 1 0001 595,287 5975446 0 5975446 0001 Y
799 1 1 N N Y 3 0001 1,452,213 5975537 0 5975537 0001 Y
800 1 1 N N Y 1 0001 1,447,967 5975552 0 5975552 0001 Y
801 1 1 N N Y 1 0001 1,758,133 5975636 0 5975636 0001 Y
802 1 1 N N Y 1 0001 1,161,459 5975792 0 5975792 0001 Y
803 1 1 N N Y 1 0001 619,060 5975818 0 5975818 0001 Y
804 3 1 N N Y 1 0001 1,331,272 5975875 0 5975875 0001 Y
805 1 1 N N Y 1 0001 851,354 5975933 0 5975933 0001 Y
806 3 1 N N Y 1 0001 623,881 5975966 0 5975966 0001 Y
807 1 1 N N Y 1 0001 935,625 5975974 0 5975974 0001 Y
808 1 1 N N Y 1 0001 885,730 5975982 0 5975982 0001 Y
809 1 1 N N Y 1 0001 869,057 5975990 0 5975990 0001 Y
810 2 1 N N Y 2 0001 1,161,459 5976014 0 5976014 0001 Y
811 1 1 N N Y 2 0001 656,666 5976022 0 5976022 0001 Y
812 1 1 N N Y 1 0001 280,670 5976030 0 5976030 0001 Y
813 1 1 N N Y 3 0001 648,234 5976055 0 5976055 0001 Y
814 1 1 N N Y 2 0001 1,266,741 5976063 0 5976063 0001 Y
815 1 1 N N Y 2 0001 1,271,680 5976089 0 5976089 0001 Y
816 1 1 N N Y 3 0001 2,902,097 5976139 0 5976139 0001 Y
817 1 1 N N Y 1 0001 780,739 5976154 0 5976154 0001 Y
818 3 1 N N Y 1 0001 847,984 5976220 0 5976220 0001 Y
819 1 1 N N Y 1 0001 1,002,315 5976238 0 5976238 0001 Y
820 1 1 N N Y 2 0001 1,573,231 5976261 0 5976261 0001 Y
821 1 1 N N Y 2 0001 1,563,549 5976295 0 5976295 0001 Y
822 1 1 N N Y 2 0001 2,545,410 5976311 0 5976311 0001 Y
823 1 1 N N Y 2 0001 1,694,248 5976329 0 5976329 0001 Y
824 1 1 N N Y 3 0001 1,574,484 5976378 0 5976378 0001 Y
825 1 1 N N Y 1 0001 1,843,042 5976394 0 5976394 0001 Y
826 1 1 N N Y 3 0001 1,161,459 5976451 0 5976451 0001 Y
827 1 1 N N Y 2 0001 1,342,842 5976469 0 5976469 0001 Y
828 1 1 N N Y 1 0001 276,957 5976477 0 5976477 0001 Y
829 2 1 N N Y 1 0001 634,262 5976493 0 5976493 0001 Y
830 1 1 N N Y 2 0001 877,020 5976584 0 5976584 0001 Y
831 1 1 N N Y 2 0001 803,027 5976618 0 5976618 0001 Y
832 1 1 N N Y 2 0001 624,953 5976634 0 5976634 0001 Y
833 1 1 N N Y 3 0001 1,071,980 5976667 0 5976667 0001 Y
834 1 1 N N Y 1 0001 1,948,280 5976857 0 5976857 0001 Y
835 1 1 N N Y 2 0001 749,338 5976873 0 5976873 0001 Y
</TABLE>
D-42
<PAGE>
<TABLE>
<CAPTION>
Maximum Minimum Original
Loan-no City State Zip Index Margin Int rate Int rate Term
GROUP 1 LOANS
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
836 5976899 MENDHAM NJ 7945 01 3.000 11.875 3.000 360
837 5976923 COLUMBIA MD 21044 01 3.000 12.625 3.000 360
838 5976931 BELCAMP MD 21017 01 3.000 13.000 3.000 360
839 5976980 PALATINE IL 60067 01 3.000 13.125 3.000 360
840 5977038 HOLMDEL NJ 7733 01 3.000 13.125 3.000 360
841 5977046 GAITHERSBUR MD 20879 01 3.000 13.125 3.000 360
842 5977061 ALEXANDRIA VA 22315 01 3.000 13.000 3.000 360
843 5977095 QUAKER HILL CT 6375 01 3.000 13.125 3.000 360
844 5977103 ATLANTA GA 30307 01 3.000 12.375 3.000 360
845 5977111 MOUNT AIRY MD 21771 01 3.000 12.500 3.000 360
846 5977145 FAIRFIELD CT 6430 01 3.000 13.125 3.000 360
847 5977244 ASHBURN VA 20147 01 3.000 13.125 3.000 360
848 5977376 LILBURN GA 30247 01 3.000 12.875 3.000 360
849 5977418 ROCKVILLE MD 20853 01 3.000 13.125 3.000 360
850 5977558 WINSTON SAL NC 27127 01 3.000 13.000 3.000 360
851 5977574 POTOMAC MD 20854 01 3.000 13.000 3.000 360
852 5977624 GREENSBORO NC 27410 01 3.000 12.375 3.000 360
853 5977657 SEVERNA PAR MD 21146 01 3.000 12.000 3.000 360
854 5977681 ATLANTA GA 30319 01 3.000 12.875 3.000 360
855 5977731 SILVER SPRI MD 20906 01 3.000 12.250 3.000 360
856 5977764 KERNERSVILL NC 27284 01 3.000 13.000 3.000 360
857 5977772 ALEXANDRIA VA 22314 01 3.000 13.125 3.000 360
858 5977806 CHARLOTTE NC 28216 01 3.000 12.500 3.000 360
859 5977822 WASHINGTON DC 20007 01 3.000 13.000 3.000 360
860 5977830 GERMANTOWN MD 20874 01 3.000 13.000 3.000 360
861 5977855 WOODBRIDGE VA 22193 01 3.000 12.875 3.000 360
862 5977871 GAITHERSBUR MD 20877 01 3.000 13.000 3.000 360
863 5977889 BOONTON NJ 7005 01 3.000 12.875 3.000 360
864 5977897 MANALAPAN NJ 7726 01 3.000 12.875 3.000 360
865 5977905 ATLANTA GA 30324 01 3.000 12.500 3.000 360
866 5977939 HERNDON VA 20171 01 3.000 12.875 3.000 360
867 5977954 CHARLOTTE NC 28209 01 3.000 12.375 3.000 360
868 5977970 CHARLOTTE NC 28204 01 3.000 12.750 3.000 360
869 5977996 CONCORD NC 28027 01 3.000 12.500 3.000 360
870 5978002 WEST CHESTE PA 19380 01 3.000 12.875 3.000 360
871 5978010 LUSBY MD 20657 01 3.000 12.875 3.000 360
872 5978028 DAVIDSON NC 28036 01 3.000 12.625 3.000 360
873 5978036 HUNTERSVILL NC 28078 01 3.000 12.500 3.000 360
874 5978044 CHARLOTTE NC 28277 01 3.000 12.875 3.000 360
875 5978481 CENTREVILLE VA 20121 01 3.000 12.875 3.000 360
876 5978499 BOWIE MD 20720 01 3.000 12.750 3.000 360
877 5978515 BETHESDA MD 20816 01 3.000 13.000 3.000 360
878 5978523 CHARLOTTE NC 28270 01 3.000 12.250 3.000 360
879 5978549 GARNER NC 27529 01 3.000 12.875 3.000 360
880 5978564 CENTREVILLE VA 20120 01 3.000 12.750 3.000 360
881 5978580 FAIRFAX STA VA 22039 01 3.000 12.875 3.000 360
882 5978598 HAMPSTEAD NC 28443 01 3.000 12.500 3.000 360
883 5978606 DURHAM NC 27707 01 3.000 12.250 3.000 360
884 5978614 BALTIMORE MD 21236 01 3.000 13.000 3.000 360
885 5978622 CARY NC 27513 01 3.000 12.500 3.000 360
886 5979000 NEEDHAM MA 2192 01 3.000 12.875 3.000 360
887 5979034 TINTON FALL NJ 7753 01 3.000 12.875 3.000 360
888 5979059 WINSTON SAL NC 27127 01 3.000 12.875 3.000 360
889 5979109 WASHINGTON DC 20009 01 3.000 13.375 3.000 360
890 5979117 ATHENS GA 30606 01 3.000 11.875 3.000 360
891 5979125 SILVER SPRI MD 20906 01 3.000 13.000 3.000 360
892 5979133 ELLICOTT CI MD 21042 01 3.000 12.750 3.000 360
893 5979158 VIENNA VA 22182 01 3.000 13.000 3.000 360
894 5979166 COLUMBIA SC 29212 01 3.000 11.625 3.000 360
895 5979174 SAUGUS MA 1906 01 3.000 13.000 3.000 360
</TABLE>
D-43
<PAGE>
<TABLE>
<CAPTION>
Original 03/01/98 Orig-
Remaining Principal Principal 1st due 03/01/98 inal Appraised Net
Term Bal Bal date p&i LTV Value Mtg Rate
GROUP 1 LOANS
<S> <C> <C> <C> <C> <C> <C> <C> <C>
836 358 292,000.00 290,999.72 01/01/98 1,727.30 80.00 365,000.00 4.695
837 357 199,800.00 199,044.67 12/01/97 1,279.35 71.87 278,000.00 5.445
838 357 177,050.00 176,464.39 12/01/97 1,177.92 94.94 186,481.00 5.820
839 355 214,600.00 213,731.69 11/01/97 1,445.80 79.48 270,000.00 5.945
840 357 140,000.00 139,548.16 12/01/97 943.21 47.46 295,000.00 5.945
841 358 150,600.00 150,236.52 01/01/98 1,014.63 78.85 191,000.00 5.945
842 357 293,000.00 292,030.88 12/01/97 1,949.34 87.46 335,000.00 5.820
843 356 124,900.00 124,344.15 11/01/97 841.48 94.98 131,500.00 5.945
844 357 193,500.00 192,777.39 12/01/97 1,207.19 74.42 260,000.00 5.195
845 357 194,600.00 193,890.55 12/01/97 1,230.01 79.98 243,310.00 5.320
846 357 214,600.00 213,907.41 12/01/97 1,445.80 29.68 723,000.00 5.945
847 357 209,000.00 208,325.46 12/01/97 1,408.08 73.85 283,000.00 5.945
848 357 108,400.00 108,032.55 12/01/97 712.12 80.00 135,500.00 5.695
849 357 200,000.00 199,354.52 12/01/97 1,347.44 62.31 321,000.00 5.945
850 357 71,250.00 70,771.09 12/01/97 474.03 95.00 75,000.00 5.820
851 356 376,000.00 374,399.41 11/01/97 2,501.54 80.00 470,000.00 5.820
852 357 138,400.00 137,883.14 12/01/97 863.44 80.00 173,000.00 5.195
853 356 395,000.00 393,415.24 12/01/97 2,368.23 71.82 550,000.00 4.820
854 354 380,000.00 378,387.23 11/01/97 2,496.33 80.00 475,000.00 5.695
855 355 167,650.00 166,846.32 11/01/97 1,032.25 94.99 176,500.00 5.070
856 356 104,900.00 104,464.99 11/01/97 697.91 74.40 141,000.00 5.820
857 357 307,200.00 306,208.53 12/01/97 2,069.67 80.00 384,000.00 5.945
858 357 141,350.00 140,834.70 12/01/97 893.43 79.98 176,737.00 5.320
859 357 296,600.00 295,618.97 12/01/97 1,973.29 69.79 425,000.00 5.820
860 357 225,000.00 222,738.19 12/01/97 1,496.94 79.23 284,000.00 5.820
861 356 124,400.00 111,661.11 12/01/97 817.22 80.00 155,500.00 5.695
862 358 238,450.00 237,860.19 01/01/98 1,586.42 89.98 265,000.00 5.820
863 357 390,000.00 388,678.08 12/01/97 2,562.03 79.59 490,000.00 5.695
864 357 180,000.00 178,176.06 12/01/97 1,182.48 72.00 250,000.00 5.695
865 356 107,550.00 107,058.57 11/01/97 679.79 90.00 119,500.00 5.320
866 357 200,000.00 199,322.09 12/01/97 1,313.86 62.50 320,000.00 5.695
867 356 297,600.00 295,599.29 11/01/97 1,856.64 80.00 372,000.00 5.195
868 357 88,000.00 87,694.35 12/01/97 570.77 80.00 110,000.00 5.570
869 357 135,800.00 135,304.93 12/01/97 858.35 79.98 169,801.00 5.320
870 357 106,000.00 105,640.69 12/01/97 696.35 68.39 155,000.00 5.695
871 357 69,200.00 55,551.35 12/01/97 454.60 63.49 109,000.00 5.695
872 357 80,000.00 79,715.33 12/01/97 512.25 65.09 122,900.00 5.445
873 357 128,700.00 128,210.51 12/01/97 813.48 90.00 143,000.00 5.320
874 358 140,000.00 139,645.09 01/01/98 919.71 80.00 175,000.00 5.695
875 357 197,500.00 196,830.55 12/01/97 1,297.44 68.10 290,000.00 5.695
876 357 144,000.00 143,499.84 12/01/97 933.99 87.80 164,000.00 5.570
877 357 352,000.00 350,835.71 12/01/97 2,341.87 79.10 445,000.00 5.820
878 356 170,800.00 169,981.18 11/01/97 1,051.65 80.00 213,500.00 5.070
879 357 140,000.00 139,525.43 12/01/97 919.71 94.92 147,500.00 5.695
880 357 93,600.00 93,274.91 12/01/97 607.09 90.00 104,000.00 5.570
881 357 328,000.00 326,888.24 12/01/97 2,154.73 80.00 410,000.00 5.695
882 357 79,500.00 79,210.16 12/01/97 502.50 75.00 106,000.00 5.320
883 356 205,600.00 204,813.54 12/01/97 1,265.92 80.00 257,000.00 5.070
884 356 136,000.00 135,550.13 12/01/97 904.82 80.00 170,000.00 5.820
885 357 124,900.00 124,444.65 12/01/97 789.46 94.98 131,500.00 5.320
886 356 152,900.00 152,250.34 11/01/97 1,004.44 79.97 191,200.00 5.695
887 359 104,600.00 104,423.74 02/01/98 687.15 79.99 130,772.00 5.695
888 356 62,900.00 62,686.33 12/01/97 413.21 89.86 70,000.00 5.695
889 357 247,000.00 246,241.24 12/01/97 1,705.97 95.00 260,000.00 6.195
890 356 139,900.00 139,179.77 11/01/97 827.57 79.99 174,900.00 4.695
891 358 232,000.00 231,426.13 01/01/98 1,543.51 89.23 260,000.00 5.820
892 357 372,500.00 369,253.20 12/01/97 2,416.03 72.33 515,000.00 5.570
893 356 291,000.00 288,930.72 12/01/97 1,936.04 77.60 375,000.00 5.820
894 356 113,600.00 112,972.56 11/01/97 645.01 91.89 123,630.00 4.320
895 358 280,000.00 279,307.42 01/01/98 1,862.85 79.77 351,000.00 5.820
</TABLE>
D-44
<PAGE>
<TABLE>
<CAPTION>
Lender
Property Paid CD pledge CD Convert- POOL-OUT
Type Occ MI (Y/N) Loan (Y/N) Amount ible Purp POOL-OUT
GROUP 1 LOANS
Loannum Outpool Conv-Y/N
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
836 1 1 N N Y 3 0001 1,366,244 5976899 0 5976899 0001 Y
837 1 1 N N Y 2 0001 1,083,798 5976923 0 5976923 0001 Y
838 1 1 N N Y 1 0001 1,027,023 5976931 0 5976931 0001 Y
839 1 1 N N Y 1 0001 1,270,635 5976980 0 5976980 0001 Y
840 1 1 N N Y 2 0001 829,614 5977038 0 5977038 0001 Y
841 2 1 N N Y 2 0001 893,156 5977046 0 5977046 0001 Y
842 1 1 N N Y 2 0001 1,699,620 5977061 0 5977061 0001 Y
843 1 1 N N Y 1 0001 739,226 5977095 0 5977095 0001 Y
844 1 1 N N Y 2 0001 1,001,479 5977103 0 5977103 0001 Y
845 1 1 N N Y 1 0001 1,031,498 5977111 0 5977111 0001 Y
846 1 1 N N Y 3 0001 1,271,680 5977145 0 5977145 0001 Y
847 1 1 N N Y 2 0001 1,238,495 5977244 0 5977244 0001 Y
848 1 1 N N Y 1 0001 615,245 5977376 0 5977376 0001 Y
849 1 1 N N Y 3 0001 1,185,163 5977418 0 5977418 0001 Y
850 1 1 N N Y 1 0001 411,888 5977558 0 5977558 0001 Y
851 1 1 N N Y 3 0001 2,179,005 5977574 0 5977574 0001 Y
852 1 1 N N Y 1 0001 716,303 5977624 0 5977624 0001 Y
853 1 1 N N Y 3 0001 1,896,261 5977657 0 5977657 0001 Y
854 1 1 N N Y 3 0001 2,154,915 5977681 0 5977681 0001 Y
855 1 1 N N Y 1 0001 845,911 5977731 0 5977731 0001 Y
856 1 1 N N Y 3 0001 607,986 5977764 0 5977764 0001 Y
857 2 1 N N Y 2 0001 1,820,410 5977772 0 5977772 0001 Y
858 1 1 N N Y 1 0001 749,241 5977806 0 5977806 0001 Y
859 1 1 N N Y 2 0001 1,720,502 5977822 0 5977822 0001 Y
860 1 1 N N Y 2 0001 1,296,336 5977830 0 5977830 0001 Y
861 1 1 N N Y 1 0001 635,910 5977855 0 5977855 0001 Y
862 1 1 N N Y 2 0001 1,384,346 5977871 0 5977871 0001 Y
863 1 1 N N Y 1 0001 2,213,522 5977889 0 5977889 0001 Y
864 1 1 N N Y 3 0001 1,014,713 5977897 0 5977897 0001 Y
865 3 1 N N Y 1 0001 569,552 5977905 0 5977905 0001 Y
866 1 1 N N Y 2 0001 1,135,139 5977939 0 5977939 0001 Y
867 1 1 N N Y 1 0001 1,535,638 5977954 0 5977954 0001 Y
868 3 1 N N Y 2 0001 488,458 5977970 0 5977970 0001 Y
869 1 1 N N Y 1 0001 719,822 5977996 0 5977996 0001 Y
870 1 1 N N Y 2 0001 601,624 5978002 0 5978002 0001 Y
871 1 1 N N Y 3 0001 316,365 5978010 0 5978010 0001 Y
872 3 1 N N Y 1 0001 434,050 5978028 0 5978028 0001 Y
873 1 1 N N Y 1 0001 682,080 5978036 0 5978036 0001 Y
874 1 1 N N Y 3 0001 795,279 5978044 0 5978044 0001 Y
875 1 1 N N Y 2 0001 1,120,950 5978481 0 5978481 0001 Y
876 1 1 N N Y 2 0001 799,294 5978499 0 5978499 0001 Y
877 1 1 N N Y 2 0001 2,041,864 5978515 0 5978515 0001 Y
878 1 1 N N Y 1 0001 861,805 5978523 0 5978523 0001 Y
879 1 1 N N Y 1 0001 794,597 5978549 0 5978549 0001 Y
880 2 1 N N Y 2 0001 519,541 5978564 0 5978564 0001 Y
881 1 1 N N Y 2 0001 1,861,629 5978580 0 5978580 0001 Y
882 1 1 N N Y 1 0001 421,398 5978598 0 5978598 0001 Y
883 1 1 N N Y 1 0001 1,038,405 5978606 0 5978606 0001 Y
884 1 1 N N Y 2 0001 788,902 5978614 0 5978614 0001 Y
885 1 1 N N Y 1 0001 662,046 5978622 0 5978622 0001 Y
886 1 1 N N Y 1 0001 867,066 5979000 0 5979000 0001 Y
887 3 1 N N Y 1 0001 594,693 5979034 0 5979034 0001 Y
888 1 1 N N Y 2 0001 356,999 5979059 0 5979059 0001 Y
889 2 1 N N Y 1 0001 1,525,464 5979109 0 5979109 0001 Y
890 1 1 N N Y 1 0001 653,449 5979117 0 5979117 0001 Y
891 2 1 N N Y 2 0001 1,346,900 5979125 0 5979125 0001 Y
892 1 1 N N Y 2 0001 2,056,740 5979133 0 5979133 0001 Y
893 1 1 N N Y 2 0001 1,681,577 5979158 0 5979158 0001 Y
894 1 1 N N Y 1 0001 488,041 5979166 0 5979166 0001 Y
895 1 1 N N Y 2 0001 1,625,569 5979174 0 5979174 0001 Y
</TABLE>
D-45
<PAGE>
<TABLE>
<CAPTION>
Maximum Minimum Original
Loan-no City State Zip Index Margin Int rate Int rate Term
GROUP 1 LOANS
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
896 5979182 HIGH POINT NC 27265 01 3.000 12.500 3.000 360
897 5979208 CLIFTON VA 20124 01 3.000 12.875 3.000 360
898 5979257 MAMARONECK NY 10543 01 3.000 12.250 3.000 360
899 5979265 SEVERNA PAR MD 21146 01 3.000 13.000 3.000 360
900 5979273 RICHMOND VA 23229 01 3.000 12.875 3.000 360
901 5979398 TROY MI 48083 01 3.000 12.875 3.000 360
902 5979455 STERLING VA 20165 01 3.000 13.000 3.000 360
903 5979463 SILVER SPRI MD 20904 01 3.000 11.625 3.000 360
904 5979539 ROUND HILL VA 20141 01 3.000 12.750 3.000 360
905 5979596 CHEVY CHASE MD 20815 01 3.000 12.875 3.000 360
906 5979612 ELLICOTT CI MD 21042 01 3.000 13.000 3.000 360
907 5979653 GAITHERSBUR MD 20882 01 3.000 12.875 3.000 360
908 5979687 ELLICOTT CI MD 21043 01 3.000 12.375 3.000 360
909 5979703 VIENNA VA 22182 01 3.000 12.875 3.000 360
910 5979711 GAITHERSBUR MD 20878 01 3.000 13.125 3.000 360
911 5979745 BETHESDA MD 20817 01 3.000 13.000 3.000 360
912 5979786 CHESAPEAKE VA 23322 01 3.000 12.000 3.000 360
913 5979893 HYATTSVILLE MD 20782 01 3.000 12.875 3.000 360
914 5979992 RALEIGH NC 27608 01 3.000 12.875 3.000 360
915 5980032 KIRKWOOD MO 63122 01 3.000 12.500 3.000 360
916 5980057 ARLINGTON VA 22213 01 3.000 11.875 3.000 360
917 5980123 FALLS CHURC VA 22042 01 3.000 12.875 3.000 360
918 5980131 BETHESDA MD 20817 01 3.000 13.000 3.000 360
919 5980156 ROCHESTER H MI 48306 01 3.000 12.875 3.000 360
920 5980180 NORTH POTOM MD 20878 01 3.000 12.875 3.000 360
921 5980198 PASADENA MD 21122 01 3.000 11.750 3.000 360
922 5980271 WEST CHESTE PA 19382 01 3.000 12.875 3.000 360
923 5980289 PARKTON MD 21120 01 3.000 13.000 3.000 360
924 5980297 GLENN DALE MD 20769 01 3.000 12.875 3.000 360
925 5980305 GAITHERSBUR MD 20878 01 3.000 12.625 3.000 360
926 5980396 ATLANTA GA 30318 01 3.000 12.875 3.000 360
927 5980453 WESTMINSTER MD 21157 01 3.000 11.875 3.000 360
928 5980461 MAPLEWOOD NJ 7040 01 3.000 12.875 3.000 360
929 5980479 BETHESDA MD 20817 01 3.000 12.625 3.000 360
930 5980545 HOLMDEL NJ 7733 01 3.000 13.000 3.000 360
931 5980560 BALTIMORE MD 21236 01 3.000 12.750 3.000 360
932 5980586 CORNELIUS NC 28031 01 3.000 12.375 3.000 360
933 5980735 POTOMAC MD 20854 01 3.000 13.000 3.000 360
934 5980743 BEL AIR MD 21014 01 3.000 12.625 3.000 360
935 5980800 RALEIGH NC 27609 01 3.000 12.500 3.000 360
936 5980859 GREENSBORO NC 27407 01 3.000 12.375 3.000 360
937 5980875 SIMSBURY CT 6092 01 3.000 12.875 3.000 360
938 5980883 SILVER SPRI MD 20904 01 3.000 13.000 3.000 360
939 5980891 WASHINGTON DC 20016 01 3.000 12.875 3.000 360
940 5980925 TEANECK NJ 7666 01 3.000 12.750 3.000 360
941 5981022 CONCORD NC 28027 01 3.000 12.625 3.000 360
942 5981030 WASHINGTON DC 20009 01 3.000 13.000 3.000 360
943 5981055 CLARKSBURG MD 20871 01 3.000 13.125 3.000 360
944 5981063 ROCKVILLE MD 20853 01 3.000 12.875 3.000 360
945 5981147 CLIFTON VA 20124 01 3.000 13.000 3.000 360
946 5981196 OWINGS MILL MD 21117 01 3.000 12.875 3.000 360
947 5981238 BALTIMORE MD 21218 01 3.000 13.000 3.000 360
948 5981287 STERLING VA 20165 01 3.000 13.000 3.000 360
949 5981329 COLUMBIA MD 21044 01 3.000 13.125 3.000 360
950 5981345 ROANOKE VA 24015 01 3.000 12.500 3.000 360
951 5981386 WINSTON SAL NC 27127 01 3.000 12.375 3.000 360
952 5981428 MCLEAN VA 22101 01 3.000 12.875 3.000 360
953 5981436 VIENNA VA 22181 01 3.000 13.125 3.000 360
954 5981493 CHARLOTTE NC 28278 01 3.000 13.000 3.000 360
955 5981519 VIENNA VA 22182 01 3.000 12.625 3.000 360
</TABLE>
D-46
<PAGE>
<TABLE>
<CAPTION>
Original 03/01/98 Orig-
Remaining Principal Principal 1st due 03/01/98 inal Appraised Net
Term Bal Bal date p&i LTV Value Mtg Rate
GROUP 1 LOANS
<S> <C> <C> <C> <C> <C> <C> <C> <C>
896 357 131,100.00 130,622.04 12/01/97 828.65 75.00 174,805.00 5.320
897 357 182,750.00 182,130.57 12/01/97 1,200.54 67.69 270,000.00 5.695
898 356 240,000.00 238,849.42 11/01/97 1,477.73 61.54 390,000.00 5.070
899 357 558,750.00 556,760.33 12/01/97 3,717.38 75.00 745,000.00 5.820
900 357 195,000.00 191,304.51 12/01/97 1,281.02 75.00 260,000.00 5.695
901 356 146,700.00 146,202.74 12/01/97 963.72 90.00 163,000.00 5.695
902 357 288,000.00 287,047.38 12/01/97 1,916.08 78.90 365,000.00 5.820
903 357 161,600.00 160,818.42 12/01/97 867.51 80.00 202,000.00 3.820
904 357 229,500.00 228,702.90 12/01/97 1,488.54 69.76 329,000.00 5.570
905 356 203,700.00 203,009.53 12/01/97 1,338.17 84.52 241,000.00 5.695
906 356 232,000.00 231,037.96 11/01/97 1,543.51 80.00 290,000.00 5.820
907 356 205,000.00 204,104.56 12/01/97 1,346.71 64.06 320,000.00 5.695
908 355 137,850.00 136,401.06 11/01/97 860.01 94.97 145,156.00 5.195
909 357 374,000.00 372,732.32 12/01/97 2,456.92 85.00 440,000.00 5.695
910 357 238,000.00 237,231.85 12/01/97 1,603.46 74.84 318,000.00 5.945
911 357 238,000.00 236,935.67 12/01/97 1,583.42 77.52 307,000.00 5.820
912 357 162,350.00 161,698.61 12/01/97 973.38 94.97 170,947.00 4.820
913 357 160,000.00 159,457.67 12/01/97 1,051.09 80.00 200,000.00 5.695
914 359 256,000.00 255,568.36 02/01/98 1,681.74 80.00 320,000.00 5.695
915 356 101,150.00 100,781.24 12/01/97 639.34 94.98 106,500.00 5.320
916 358 116,800.00 116,330.20 01/01/98 690.92 80.00 146,000.00 4.695
917 357 187,500.00 186,864.45 12/01/97 1,231.75 89.29 210,000.00 5.695
918 356 256,000.00 255,153.24 12/01/97 1,703.18 74.20 345,000.00 5.820
919 357 168,000.00 167,574.12 01/01/98 1,103.65 80.00 210,000.00 5.695
920 357 156,000.00 155,471.23 12/01/97 1,024.81 64.46 242,000.00 5.695
921 356 167,550.00 166,845.21 12/01/97 977.78 74.98 223,450.00 4.570
922 357 160,000.00 159,457.67 12/01/97 1,051.09 78.05 205,000.00 5.695
923 356 233,000.00 232,229.31 12/01/97 1,550.16 72.81 320,000.00 5.820
924 357 125,600.00 124,971.95 12/01/97 825.11 80.00 157,000.00 5.695
925 357 260,000.00 259,308.02 01/01/98 1,664.81 80.00 325,000.00 5.445
926 356 256,500.00 255,410.10 11/01/97 1,685.03 90.00 285,000.00 5.695
927 357 136,000.00 134,884.20 12/01/97 804.50 80.00 170,000.00 4.695
928 358 175,000.00 174,556.38 01/01/98 1,149.63 78.13 224,000.00 5.695
929 357 142,500.00 141,992.89 12/01/97 912.45 75.00 190,000.00 5.445
930 358 350,000.00 349,134.29 01/01/98 2,328.56 79.91 438,000.00 5.820
931 357 80,490.00 80,210.44 12/01/97 522.06 72.85 110,490.00 5.570
932 357 150,400.00 149,838.31 12/01/97 938.31 79.37 189,500.00 5.195
933 357 500,000.00 498,346.19 12/01/97 3,326.52 76.92 650,000.00 5.820
934 356 130,000.00 129,537.39 12/01/97 832.41 78.79 165,000.00 5.445
935 357 117,800.00 117,136.63 12/01/97 744.58 95.00 124,000.00 5.320
936 357 130,600.00 130,112.29 12/01/97 814.77 94.98 137,500.00 5.195
937 356 381,000.00 379,708.60 12/01/97 2,502.90 57.73 660,000.00 5.695
938 358 229,600.00 229,032.08 01/01/98 1,527.54 80.00 287,000.00 5.820
939 358 156,700.00 156,302.79 01/01/98 1,029.41 45.42 345,000.00 5.695
940 357 70,500.00 70,316.85 01/01/98 457.27 75.00 94,000.00 5.570
941 358 181,600.00 181,116.66 01/01/98 1,162.81 84.97 213,716.00 5.445
942 357 99,300.00 98,971.55 12/01/97 660.65 94.99 104,540.00 5.820
943 356 170,900.00 170,348.43 12/01/97 1,151.39 95.00 179,900.00 5.945
944 357 116,250.00 115,855.98 12/01/97 763.68 75.00 155,000.00 5.695
945 357 228,000.00 227,245.87 12/01/97 1,516.89 78.62 290,000.00 5.820
946 357 116,000.00 115,705.95 01/01/98 762.04 80.00 145,000.00 5.695
947 357 410,000.00 408,985.86 01/01/98 2,727.75 67.21 610,000.00 5.820
948 357 199,000.00 198,341.75 12/01/97 1,323.96 79.60 250,000.00 5.820
949 357 232,000.00 231,251.25 12/01/97 1,563.03 80.00 290,000.00 5.945
950 358 107,825.00 107,530.97 01/01/98 681.53 95.00 113,500.00 5.320
951 358 126,000.00 125,648.03 01/01/98 786.08 80.00 157,500.00 5.195
952 356 564,000.00 562,088.34 12/01/97 3,705.08 40.29 1,400,000.00 5.695
953 358 296,000.00 295,285.64 01/01/98 1,994.21 80.00 370,000.00 5.945
954 357 110,000.00 109,636.14 12/01/97 731.84 69.18 159,000.00 5.820
955 357 233,600.00 232,768.73 12/01/97 1,495.77 80.00 292,000.00 5.445
</TABLE>
D-47
<PAGE>
<TABLE>
<CAPTION>
Lender
Property Paid CD pledge CD Convert- POOL-OUT
Type Occ MI (Y/N) Loan (Y/N) Amount ible Purp POOL-OUT
GROUP 1 LOANS
Loannum Outpool Conv-Y/N
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
896 1 1 N N Y 1 0001 694,909 5979182 0 5979182 0001 Y
897 1 1 N N Y 2 0001 1,037,234 5979208 0 5979208 0001 Y
898 5 1 N N Y 1 0001 1,210,967 5979257 0 5979257 0001 Y
899 1 1 N N Y 2 0001 3,240,345 5979265 0 5979265 0001 Y
900 1 1 N N Y 3 0001 1,089,479 5979273 0 5979273 0001 Y
901 1 1 N N Y 1 0001 832,625 5979398 0 5979398 0001 Y
902 1 1 N N Y 2 0001 1,670,616 5979455 0 5979455 0001 Y
903 1 1 N N Y 1 0001 614,326 5979463 0 5979463 0001 Y
904 1 1 N N Y 2 0001 1,273,875 5979539 0 5979539 0001 Y
905 1 1 N N Y 2 0001 1,156,139 5979596 0 5979596 0001 Y
906 1 1 N N Y 2 0001 1,344,641 5979612 0 5979612 0001 Y
907 1 1 N N Y 2 0001 1,162,375 5979653 0 5979653 0001 Y
908 1 1 N N Y 1 0001 708,604 5979687 0 5979687 0001 Y
909 1 1 N N Y 2 0001 2,122,711 5979703 0 5979703 0001 Y
910 1 1 N N Y 2 0001 1,410,343 5979711 0 5979711 0001 Y
911 1 1 N N Y 2 0001 1,378,966 5979745 0 5979745 0001 Y
912 1 1 N N Y 1 0001 779,387 5979786 0 5979786 0001 Y
913 1 1 N N Y 2 0001 908,111 5979893 0 5979893 0001 Y
914 1 1 N N Y 3 0001 1,455,462 5979992 0 5979992 0001 Y
915 1 1 N N Y 1 0001 536,156 5980032 0 5980032 0001 Y
916 3 1 N N Y 1 0001 546,170 5980057 0 5980057 0001 Y
917 2 1 N N Y 2 0001 1,064,193 5980123 0 5980123 0001 Y
918 1 1 N N Y 2 0001 1,484,992 5980131 0 5980131 0001 Y
919 1 1 N N Y 1 0001 954,335 5980156 0 5980156 0001 Y
920 1 1 N N Y 3 0001 885,409 5980180 0 5980180 0001 Y
921 1 1 N N Y 1 0001 762,483 5980198 0 5980198 0001 Y
922 1 1 N N Y 2 0001 908,111 5980271 0 5980271 0001 Y
923 1 1 N N Y 2 0001 1,351,575 5980289 0 5980289 0001 Y
924 1 1 N N Y 3 0001 711,715 5980297 0 5980297 0001 Y
925 1 1 N N Y 1 0001 1,411,932 5980305 0 5980305 0001 Y
926 1 1 N N Y 1 0001 1,454,561 5980396 0 5980396 0001 Y
927 1 1 N N Y 2 0001 633,281 5980453 0 5980453 0001 Y
928 1 1 N N Y 3 0001 994,099 5980461 0 5980461 0001 Y
929 1 1 N N Y 3 0001 773,151 5980479 0 5980479 0001 Y
930 1 1 N N Y 2 0001 2,031,962 5980545 0 5980545 0001 Y
931 2 1 N N Y 1 0001 446,772 5980560 0 5980560 0001 Y
932 3 1 N N Y 1 0001 778,410 5980586 0 5980586 0001 Y
933 1 1 N N Y 1 0001 2,900,375 5980735 0 5980735 0001 Y
934 1 1 N N Y 2 0001 705,331 5980743 0 5980743 0001 Y
935 2 1 N N Y 1 0001 623,167 5980800 0 5980800 0001 Y
936 1 1 N N Y 1 0001 675,933 5980859 0 5980859 0001 Y
937 1 1 N N Y 2 0001 2,162,440 5980875 0 5980875 0001 Y
938 1 1 N N Y 2 0001 1,332,967 5980883 0 5980883 0001 Y
939 1 1 N N Y 2 0001 890,144 5980891 0 5980891 0001 Y
940 3 1 N N Y 1 0001 391,665 5980925 0 5980925 0001 Y
941 1 1 N N Y 1 0001 986,180 5981022 0 5981022 0001 Y
942 3 1 N N Y 1 0001 576,014 5981030 0 5981030 0001 Y
943 1 1 N N Y 1 0001 1,012,721 5981055 0 5981055 0001 Y
944 1 1 N N Y 3 0001 659,800 5981063 0 5981063 0001 Y
945 1 1 N N Y 2 0001 1,322,571 5981147 0 5981147 0001 Y
946 3 1 N N Y 1 0001 658,945 5981196 0 5981196 0001 Y
947 1 1 N N Y 3 0001 2,380,298 5981238 0 5981238 0001 Y
948 1 1 N N Y 2 0001 1,154,349 5981287 0 5981287 0001 Y
949 1 1 N N Y 3 0001 1,374,789 5981329 0 5981329 0001 Y
950 1 1 N N Y 1 0001 572,065 5981345 0 5981345 0001 Y
951 1 1 N N Y 1 0001 652,742 5981386 0 5981386 0001 Y
952 1 1 N N Y 2 0001 3,201,093 5981428 0 5981428 0001 Y
953 1 1 N N Y 3 0001 1,755,473 5981436 0 5981436 0001 Y
954 1 1 N N Y 2 0001 638,082 5981493 0 5981493 0001 Y
955 1 1 N N Y 2 0001 1,267,426 5981519 0 5981519 0001 Y
</TABLE>
D-48
<PAGE>
<TABLE>
<CAPTION>
Maximum Minimum Original
Loan-no City State Zip Index Margin Int rate Int rate Term
GROUP 1 LOANS
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
956 5981535 GERMANTOWN MD 20876 01 3.000 13.000 3.000 360
957 5981592 ANNANDALE VA 22003 01 3.000 13.000 3.000 360
958 5981626 MCLEAN VA 22101 01 3.000 12.875 3.000 360
959 5981808 ARLINGTON VA 22207 01 3.000 12.500 3.000 360
960 5981873 ASHBURN VA 20148 01 3.000 12.125 3.000 360
961 5981972 DAVIDSONVIL MD 21035 01 3.000 12.500 3.000 360
962 5982038 CHARLOTTE NC 28270 01 3.000 12.500 3.000 360
963 5982046 GAITHERSBUR MD 20879 01 3.000 13.000 3.000 360
964 5982061 IJAMSVILLE MD 21754 01 3.000 11.750 3.000 360
965 5982087 WASHINGTON DC 20002 01 3.000 12.625 3.000 360
966 5982137 LITTLE EGG NJ 8087 01 3.000 11.625 3.000 360
967 5982186 HILTON HEAD SC 29928 01 3.000 13.000 3.000 360
968 5982194 DAVIDSONVIL MD 21035 01 3.000 12.625 3.000 360
969 5982293 FAIRFAX VA 22030 01 3.000 12.375 3.000 360
970 5982319 GAINESVILLE FL 32653 01 3.000 12.500 3.000 360
971 5982368 RICHMOND VA 23220 01 3.000 12.500 3.000 360
972 5982459 WASHINGTON DC 20004 01 3.000 12.625 3.000 360
973 5982541 NORTH MYRTL SC 29582 01 3.000 13.000 3.000 360
974 5982558 SILVER SPRI MD 20905 01 3.000 11.875 3.000 360
975 5982616 MIDDLEBURG VA 20117 01 3.000 11.875 3.000 360
976 5982699 MANALAPAN NJ 7726 01 3.000 12.875 3.000 360
977 5982707 MIDDLETOWN NJ 7748 01 3.000 12.875 3.000 360
978 5982749 WASHINGTON DC 20008 01 3.000 12.625 3.000 360
979 5982756 TOM'S RIVER NJ 8753 01 3.000 12.875 3.000 360
980 5982764 ALEXANDRIA VA 22310 01 3.000 12.875 3.000 360
981 5982848 LINTHICUM MD 21090 01 3.000 12.500 3.000 360
982 5982889 POWHATAN VA 23139 01 3.000 12.625 3.000 360
983 5982905 NARBERTH PA 19072 01 3.000 12.750 3.000 360
984 5982996 ELLICOTT CI MD 21042 01 3.000 12.750 3.000 360
985 5983119 WILTON CT 6897 01 3.000 12.625 3.000 360
986 5983135 HERNDON VA 20170 01 3.000 12.875 3.000 360
987 5983143 ORANGE CT 6477 01 3.000 13.125 3.000 360
988 5983184 ALEXANDRIA VA 22304 01 3.000 11.625 3.000 360
989 5983226 CAMBRIDGE MA 2139 01 3.000 12.875 3.000 360
990 5983283 RALEIGH NC 27615 01 3.000 11.625 3.000 360
991 5983366 WASHINGTON NJ 7840 01 3.000 11.875 3.000 360
992 5983382 NEEDHAM MA 2192 01 3.000 12.625 3.000 360
993 5983416 DARIEN CT 6820 01 3.000 12.875 3.000 360
994 5983465 CHESHIRE CT 6410 01 3.000 12.875 3.000 360
995 5983473 NEWTON NJ 7860 01 3.000 13.000 3.000 360
996 5983481 SPRINGFIELD VA 22153 01 3.000 12.875 3.000 360
997 5983499 ROCKVILLE MD 20850 01 3.000 12.875 3.000 360
998 5983515 HERNDON VA 20171 01 3.000 12.875 3.000 360
999 5983556 GREENWICH CT 6807 01 3.000 12.625 3.000 360
1000 5983564 LANDOVER MD 20784 01 3.000 12.875 3.000 360
1001 5983572 BURKE VA 22015 01 3.000 13.000 3.000 360
1002 5983606 ASHBURN VA 20147 01 3.000 12.875 3.000 360
1003 5983614 ELKRIDGE MD 21075 01 3.000 12.750 3.000 360
1004 5983630 GREAT FALLS VA 22066 01 3.000 12.750 3.000 360
1005 5983648 ARLINGTON VA 22203 01 3.000 12.625 3.000 360
1006 5983655 MCLEAN VA 22102 01 3.000 12.875 3.000 360
1007 5983697 WILLIAMSPOR MD 21795 01 3.000 12.875 3.000 360
1008 5983770 UPPER MARLB MD 20772 01 3.000 13.000 3.000 360
1009 5983788 LITHONIA GA 30058 01 3.000 12.250 3.000 360
1010 5983812 RESTON VA 20194 01 3.000 12.875 3.000 360
1011 5983820 RICHMOND VA 23226 01 3.000 11.750 3.000 360
1012 5983838 DAVIDSONVIL MD 21035 01 3.000 12.875 3.000 360
1013 5983846 RESTON VA 20191 01 3.000 12.750 3.000 360
1014 5983853 CARY NC 27513 01 3.000 12.375 3.000 360
1015 5983929 ARLINGTON VA 22205 01 3.000 12.875 3.000 360
</TABLE>
D-49
<PAGE>
<TABLE>
<CAPTION>
Original 03/01/98 Orig-
Remaining Principal Principal 1st due 03/01/98 inal Appraised Net
Term Bal Bal date p&i LTV Value Mtg Rate
GROUP 1 LOANS
<S> <C> <C> <C> <C> <C> <C> <C> <C>
956 357 195,200.00 194,554.32 12/01/97 1,298.68 80.00 244,000.00 5.820
957 357 210,400.00 209,704.08 12/01/97 1,399.80 80.00 263,000.00 5.820
958 357 950,000.00 946,466.15 12/01/97 6,240.83 66.67 1,425,000.00 5.695
959 357 190,400.00 189,705.87 12/01/97 1,203.46 80.00 238,000.00 5.320
960 356 232,000.00 231,321.24 01/01/98 1,409.66 80.00 290,000.00 4.945
961 357 409,500.00 408,007.15 12/01/97 2,588.32 90.00 455,000.00 5.320
962 360 192,000.00 191,826.42 03/01/98 1,213.58 80.00 240,000.00 5.320
963 357 177,800.00 177,211.91 12/01/97 1,182.91 88.02 202,000.00 5.820
964 357 166,500.00 165,975.30 01/01/98 971.65 90.00 185,000.00 4.570
965 356 156,000.00 155,141.54 12/01/97 998.89 67.83 230,000.00 5.445
966 356 71,900.00 71,552.24 12/01/97 385.98 55.31 130,000.00 3.820
967 356 380,000.00 378,743.12 12/01/97 2,528.15 72.38 525,000.00 5.820
968 357 311,000.00 309,893.31 12/01/97 1,991.37 79.83 389,565.00 5.445
969 357 260,000.00 259,029.01 12/01/97 1,622.07 80.00 325,000.00 5.195
970 358 156,856.00 156,428.29 01/01/98 991.44 80.00 196,070.00 5.320
971 357 207,200.00 206,635.00 01/01/98 1,309.65 80.00 259,000.00 5.320
972 358 190,000.00 189,494.29 01/01/98 1,216.60 71.70 265,000.00 5.445
973 358 75,000.00 74,761.11 02/01/98 498.98 75.00 100,000.00 5.820
974 356 231,800.00 230,847.69 12/01/97 1,371.19 95.00 244,000.00 4.695
975 358 416,000.00 414,708.88 01/01/98 2,460.80 80.00 520,000.00 4.695
976 358 100,000.00 99,746.52 01/01/98 656.93 50.00 200,000.00 5.695
977 357 152,900.00 152,381.72 12/01/97 1,004.45 89.99 169,900.00 5.695
978 357 415,000.00 413,523.21 12/01/97 2,657.30 74.11 560,000.00 5.445
979 359 126,000.00 125,787.67 02/01/98 827.74 76.83 164,000.00 5.695
980 357 157,600.00 157,065.83 12/01/97 1,035.32 80.00 197,000.00 5.695
981 357 153,900.00 153,338.92 12/01/97 972.76 95.00 162,000.00 5.320
982 357 200,000.00 199,288.28 12/01/97 1,280.63 80.00 250,000.00 5.445
983 359 77,000.00 76,816.74 02/01/98 499.43 41.85 184,000.00 5.570
984 357 182,700.00 182,065.46 12/01/97 1,184.99 90.00 203,000.00 5.570
985 357 361,000.00 360,039.18 01/01/98 2,311.53 64.46 560,000.00 5.445
986 358 252,000.00 251,361.20 01/01/98 1,655.47 80.00 315,000.00 5.695
987 358 132,300.00 131,980.71 01/01/98 891.33 94.94 139,350.00 5.945
988 357 158,150.00 157,419.57 12/01/97 873.32 94.98 166,500.00 4.070
989 357 199,000.00 198,495.56 01/01/98 1,307.29 79.60 250,000.00 5.695
990 356 80,000.00 79,630.51 12/01/97 441.77 80.00 100,000.00 4.070
991 357 134,900.00 134,345.78 12/01/97 797.99 95.00 142,000.00 4.695
992 358 188,000.00 187,499.63 01/01/98 1,203.79 73.44 256,000.00 5.445
993 358 363,000.00 362,079.83 01/01/98 2,384.66 78.23 464,000.00 5.695
994 358 182,800.00 182,336.62 01/01/98 1,200.87 80.00 228,500.00 5.695
995 358 100,000.00 99,752.63 01/01/98 665.31 41.67 240,000.00 5.820
996 357 151,000.00 150,488.16 12/01/97 991.97 83.89 180,000.00 5.695
997 356 196,000.00 195,335.62 12/01/97 1,287.59 80.00 245,000.00 5.695
998 358 266,500.00 265,824.45 01/01/98 1,750.72 78.38 340,000.00 5.695
999 357 195,800.00 195,278.89 01/01/98 1,253.73 19.58 1,000,000.00 5.445
1000 356 94,400.00 94,079.99 12/01/97 620.15 80.00 118,000.00 5.695
1001 357 270,400.00 269,505.62 12/01/97 1,798.98 80.00 338,000.00 5.820
1002 357 189,500.00 188,714.36 12/01/97 1,244.89 79.62 238,000.00 5.695
1003 356 191,250.00 190,585.74 12/01/97 1,240.45 75.00 255,000.00 5.570
1004 358 301,600.00 300,816.57 01/01/98 1,956.18 80.00 377,000.00 5.570
1005 357 167,200.00 166,605.03 12/01/97 1,070.60 95.00 176,000.00 5.445
1006 357 392,000.00 382,551.05 12/01/97 2,575.17 78.40 500,000.00 5.695
1007 356 115,900.00 115,338.92 12/01/97 761.39 95.00 122,000.00 5.695
1008 357 165,250.00 164,703.39 12/01/97 1,099.42 94.98 173,990.00 5.820
1009 357 84,000.00 83,678.66 12/01/97 517.21 80.00 105,000.00 5.070
1010 358 283,000.00 282,282.63 01/01/98 1,859.11 58.35 485,000.00 5.695
1011 357 182,000.00 181,234.41 12/01/97 1,062.11 80.00 227,500.00 4.570
1012 358 328,581.00 327,748.08 01/01/98 2,158.55 76.41 430,000.00 5.695
1013 358 208,000.00 207,459.70 01/01/98 1,349.09 79.09 263,000.00 5.570
1014 357 122,000.00 121,544.36 12/01/97 761.13 79.74 153,000.00 5.195
1015 357 172,000.00 171,417.01 12/01/97 1,129.92 80.00 215,000.00 5.695
</TABLE>
D-50
<PAGE>
<TABLE>
<CAPTION>
Lender
Property Paid CD pledge CD Convert- POOL-OUT
Type Occ MI (Y/N) Loan (Y/N) Amount ible Purp POOL-OUT
GROUP 1 LOANS
Loannum Outpool Conv-Y/N
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
956 1 1 N N Y 2 0001 1,132,306 5981535 0 5981535 0001 Y
957 1 1 N N Y 2 0001 1,220,478 5981592 0 5981592 0001 Y
958 1 1 N N Y 2 0001 5,390,125 5981626 0 5981626 0001 Y
959 1 1 N N Y 3 0001 1,009,235 5981808 0 5981808 0001 Y
960 1 1 N N Y 1 0001 1,143,884 5981873 0 5981873 0001 Y
961 1 1 N N Y 1 0001 2,170,598 5981972 0 5981972 0001 Y
962 1 1 N N Y 2 0001 1,020,517 5982038 0 5982038 0001 Y
963 2 1 N N Y 2 0001 1,031,373 5982046 0 5982046 0001 Y
964 1 1 N N Y 1 0001 758,507 5982061 0 5982061 0001 Y
965 2 1 N N Y 2 0001 844,746 5982087 0 5982087 0001 Y
966 1 1 N N Y 2 0001 273,330 5982137 0 5982137 0001 Y
967 1 1 N N Y 2 0001 2,204,285 5982186 0 5982186 0001 Y
968 1 1 N N Y 1 0001 1,687,369 5982194 0 5982194 0001 Y
969 1 1 N N Y 1 0001 1,345,656 5982293 0 5982293 0001 Y
970 1 1 N N Y 1 0001 832,199 5982319 0 5982319 0001 Y
971 2 1 N N Y 1 0001 1,099,298 5982368 0 5982368 0001 Y
972 3 1 N N Y 3 0001 1,031,796 5982459 0 5982459 0001 Y
973 1 1 N N Y 3 0001 435,110 5982541 0 5982541 0001 Y
974 1 1 N N Y 1 0001 1,083,830 5982558 0 5982558 0001 Y
975 1 1 N N Y 1 0001 1,947,058 5982616 0 5982616 0001 Y
976 1 1 N N Y 1 0001 568,056 5982699 0 5982699 0001 Y
977 3 1 N N Y 1 0001 867,814 5982707 0 5982707 0001 Y
978 1 1 N N Y 2 0001 2,251,634 5982749 0 5982749 0001 Y
979 1 1 N N Y 2 0001 716,361 5982756 0 5982756 0001 Y
980 1 1 N N Y 2 0001 894,490 5982764 0 5982764 0001 Y
981 1 1 N N Y 1 0001 815,763 5982848 0 5982848 0001 Y
982 1 1 N N Y 3 0001 1,085,125 5982889 0 5982889 0001 Y
983 1 1 N N Y 2 0001 427,869 5982905 0 5982905 0001 Y
984 1 1 N N Y 1 0001 1,014,105 5982996 0 5982996 0001 Y
985 1 1 N N Y 2 0001 1,960,413 5983119 0 5983119 0001 Y
986 1 1 N N Y 2 0001 1,431,502 5983135 0 5983135 0001 Y
987 1 1 N N Y 1 0001 784,625 5983143 0 5983143 0001 Y
988 2 1 N N Y 1 0001 640,698 5983184 0 5983184 0001 Y
989 5 1 N N Y 2 0001 1,130,432 5983226 0 5983226 0001 Y
990 1 1 N N Y 1 0001 324,096 5983283 0 5983283 0001 Y
991 3 1 N N Y 1 0001 630,753 5983366 0 5983366 0001 Y
992 1 1 N N Y 2 0001 1,020,935 5983382 0 5983382 0001 Y
993 1 1 N N Y 2 0001 2,062,045 5983416 0 5983416 0001 Y
994 1 1 N N Y 1 0001 1,038,407 5983465 0 5983465 0001 Y
995 1 1 N N Y 1 0001 580,560 5983473 0 5983473 0001 Y
996 2 1 N N Y 2 0001 857,030 5983481 0 5983481 0001 Y
997 2 1 N N Y 2 0001 1,112,436 5983499 0 5983499 0001 Y
998 1 1 N N Y 2 0001 1,513,870 5983515 0 5983515 0001 Y
999 1 1 N N Y 2 0001 1,063,294 5983556 0 5983556 0001 Y
1000 1 1 N N Y 3 0001 535,786 5983564 0 5983564 0001 Y
1001 1 1 N N Y 2 0001 1,568,523 5983572 0 5983572 0001 Y
1002 1 1 N N Y 2 0001 1,074,728 5983606 0 5983606 0001 Y
1003 1 1 N N Y 3 0001 1,061,563 5983614 0 5983614 0001 Y
1004 1 1 N N Y 1 0001 1,675,548 5983630 0 5983630 0001 Y
1005 1 1 N N Y 1 0001 907,164 5983648 0 5983648 0001 Y
1006 1 1 N N Y 2 0001 2,178,628 5983655 0 5983655 0001 Y
1007 1 1 N N Y 1 0001 656,855 5983697 0 5983697 0001 Y
1008 1 1 N N Y 1 0001 958,574 5983770 0 5983770 0001 Y
1009 1 1 N N Y 3 0001 424,251 5983788 0 5983788 0001 Y
1010 1 1 N N Y 3 0001 1,607,600 5983812 0 5983812 0001 Y
1011 1 1 N N Y 1 0001 828,241 5983820 0 5983820 0001 Y
1012 1 1 N N Y 2 0001 1,866,525 5983838 0 5983838 0001 Y
1013 1 1 N N Y 2 0001 1,155,551 5983846 0 5983846 0001 Y
1014 5 1 N N Y 1 0001 631,423 5983853 0 5983853 0001 Y
1015 1 1 N N Y 1 0001 976,220 5983929 0 5983929 0001 Y
</TABLE>
D-51
<PAGE>
<TABLE>
<CAPTION>
Maximum Minimum Original
Loan-no City State Zip Index Margin Int rate Int rate Term
GROUP 1 LOANS
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
1016 5983952 CHARLOTTE NC 28270 01 3.000 12.250 3.000 360
1017 5983978 CHARLOTTE NC 28210 01 3.000 12.250 3.000 360
1018 5984018 MITCHELLVIL MD 20721 01 3.000 12.875 3.000 360
1019 5984026 GAMBRILLS MD 21054 01 3.000 12.000 3.000 360
1020 5984034 TOMS RIVER NJ 8753 01 3.000 12.750 3.000 360
1021 5984067 CHARLOTTE NC 28277 01 3.000 12.750 3.000 360
1022 5984075 REDDING CT 6896 01 3.000 12.625 3.000 360
1023 5984091 HAYMARKET VA 22069 01 3.000 12.875 3.000 360
1024 5984109 MIDLAND PAR NJ 7432 01 3.000 12.625 3.000 360
1025 5984125 CORNELIUS NC 28031 01 3.000 12.750 3.000 360
1026 5984208 LUTHERVILLE MD 21093 01 3.000 12.875 3.000 360
1027 5984299 YADKINVILLE NC 27055 01 3.000 11.750 3.000 360
1028 5984349 YEADON PA 19050 01 3.000 11.750 3.000 360
1029 5984380 CLIFTON VA 20124 01 3.000 12.875 3.000 360
1030 5984463 WASHINGTON DC 20011 01 3.000 12.875 3.000 360
1031 5984604 CUMMING GA 30130 01 3.000 12.125 3.000 360
1032 5984638 DURHAM NC 27705 01 3.000 12.250 3.000 360
1033 5984653 FAIRFAX VA 22033 01 3.000 12.875 3.000 360
1034 5984703 WASHINGTON DC 20007 01 3.000 12.250 3.000 360
1035 5984737 STEVENSON MD 21153 01 3.000 12.875 3.000 360
1036 5984745 ALEXANDRIA VA 22315 01 3.000 12.875 3.000 360
1037 5984752 FAIRFAX STA VA 22039 01 3.000 12.750 3.000 360
1038 5984836 KNOXVILLE TN 37922 01 3.000 12.500 3.000 360
1039 5984877 CHANTILLY VA 20151 01 3.000 12.875 3.000 360
1040 5984935 ALEXANDRIA VA 22308 01 3.000 12.875 3.000 360
1041 5984976 NEW CANAAN CT 6840 01 3.000 12.625 3.000 360
1042 5984984 CLEMMONS NC 27012 01 3.000 12.500 3.000 360
1043 5985056 FALLS CHURC VA 22041 01 3.000 12.625 3.000 360
1044 5985064 CLIFTON VA 20124 01 3.000 12.875 3.000 360
1045 5985122 RALEIGH NC 27609 01 3.000 12.500 3.000 360
1046 5985130 RICHMOND VA 23221 01 3.000 12.875 3.000 360
1047 5985320 WHEATON MD 20906 01 3.000 12.625 3.000 360
1048 5985395 TROUTVILLE VA 24175 01 3.000 12.750 3.000 360
1049 5985403 HUDDLESTON VA 24104 01 3.000 12.375 3.000 360
1050 5985437 WILMINGTON NC 28409 01 3.000 12.500 3.000 360
1051 5985486 ELLICOTT CI MD 21043 01 3.000 12.250 3.000 360
1052 5985494 CATONSVILLE MD 21228 01 3.000 12.500 3.000 360
1053 5985551 MAHWAH NJ 7430 01 3.000 12.750 3.000 360
1054 5985577 ALPHARETTA GA 30022 01 3.000 12.500 3.000 360
1055 5985585 GREENWICH CT 6831 01 3.000 12.625 3.000 360
1056 5985593 OLD GREENWI CT 6870 01 3.000 12.625 3.000 360
1057 5985619 WESTPORT CT 6880 01 3.000 12.625 3.000 360
1058 5985718 ELLICOTT CI MD 21042 01 3.000 12.875 3.000 360
1059 5985726 LEXINGTON MA 2173 01 3.000 13.125 3.000 360
1060 5985742 GAITHERSBUR MD 20879 01 3.000 12.500 3.000 360
1061 5985767 BETHESDA MD 20817 01 3.000 12.875 3.000 360
1062 5985825 WESTMINSTER MD 21157 01 3.000 12.375 3.000 360
1063 5985833 BARNESVILLE GA 30204 01 3.000 12.750 3.000 360
1064 5985882 FARMINGTON MI 48331 01 3.000 12.625 3.000 360
1065 5985924 POTOMAC MD 20854 01 3.000 12.750 3.000 360
1066 5986054 CHAPEL HILL NC 27514 01 3.000 12.250 3.000 360
1067 5986096 HERNDON VA 22071 01 3.000 13.000 3.000 360
1068 5986104 JAMESBURG NJ 8831 01 3.000 12.875 3.000 360
1069 5986161 GREENSBORO NC 27410 01 3.000 12.250 3.000 360
1070 5986203 BURLINGTON NC 27215 01 3.000 12.750 3.000 360
1071 5986229 STERLING VA 20165 01 3.000 12.500 3.000 360
1072 5986237 WASHINGTON DC 20007 01 3.000 12.500 3.000 360
1073 5986245 WILMINGTON NC 28405 01 3.000 12.125 3.000 360
1074 5986252 WALL TOWNSH NJ 8750 01 3.000 12.875 3.000 360
1075 5986344 HOLMDEL NJ 7733 01 3.000 12.625 3.000 360
</TABLE>
D-52
<PAGE>
<TABLE>
<CAPTION>
Original 03/01/98 Orig-
Remaining Principal Principal 1st due 03/01/98 inal Appraised Net
Term Bal Bal date p&i LTV Value Mtg Rate
GROUP 1 LOANS
<S> <C> <C> <C> <C> <C> <C> <C> <C>
1016 358 152,000.00 151,565.05 01/01/98 935.90 80.00 190,000.00 5.070
1017 357 135,000.00 134,276.55 12/01/97 831.22 75.00 180,000.00 5.070
1018 357 241,000.00 236,090.67 12/01/97 1,583.20 77.74 310,000.00 5.695
1019 357 235,000.00 234,057.15 12/01/97 1,408.95 88.68 265,000.00 4.820
1020 358 140,000.00 139,600.14 01/01/98 908.04 68.63 204,000.00 5.570
1021 358 274,000.00 273,288.28 01/01/98 1,777.16 65.24 420,000.00 5.570
1022 358 255,000.00 254,321.30 01/01/98 1,632.80 62.96 405,000.00 5.445
1023 358 237,000.00 236,398.91 01/01/98 1,556.93 68.50 346,000.00 5.695
1024 358 150,000.00 149,600.76 01/01/98 960.47 51.72 290,000.00 5.445
1025 357 192,000.00 191,333.16 12/01/97 1,245.31 80.00 240,000.00 5.570
1026 358 340,250.00 339,387.49 01/01/98 2,235.21 78.22 435,000.00 5.695
1027 359 118,750.00 118,443.67 02/01/98 610.55 94.96 125,050.00 3.445
1028 358 78,777.00 78,529.04 01/01/98 459.73 83.81 94,000.00 4.570
1029 358 299,000.00 298,242.07 01/01/98 1,964.22 87.68 341,000.00 5.695
1030 357 200,000.00 199,305.90 12/01/97 1,313.86 64.52 310,000.00 5.695
1031 357 114,700.00 114,058.88 12/01/97 696.93 79.99 143,400.00 4.945
1032 357 268,000.00 266,974.84 12/01/97 1,650.13 80.00 335,000.00 5.070
1033 358 345,000.00 344,125.46 01/01/98 2,266.41 62.27 554,000.00 5.695
1034 358 208,000.00 207,404.81 01/01/98 1,280.70 80.00 260,000.00 5.070
1035 358 300,000.00 299,239.54 01/01/98 1,970.79 42.25 710,000.00 5.695
1036 358 225,000.00 224,429.66 01/01/98 1,478.09 77.59 290,000.00 5.695
1037 358 386,700.00 385,695.54 01/01/98 2,508.13 79.90 484,000.00 5.570
1038 357 310,000.00 308,810.75 12/01/97 1,959.42 74.70 415,000.00 5.320
1039 358 250,000.00 249,366.27 01/01/98 1,642.33 76.92 325,000.00 5.695
1040 358 248,000.00 247,250.31 01/01/98 1,629.19 80.00 310,000.00 5.695
1041 357 1,000,000.00 997,338.52 01/01/98 6,403.11 64.52 1,550,000.00 5.445
1042 358 100,000.00 99,650.76 01/01/98 632.07 75.53 132,400.00 5.320
1043 356 270,000.00 269,039.22 12/01/97 1,728.84 75.00 360,000.00 5.445
1044 358 226,000.00 225,427.12 01/01/98 1,484.66 79.30 285,000.00 5.695
1045 357 135,850.00 135,349.37 12/01/97 858.67 95.00 143,000.00 5.320
1046 358 306,000.00 305,224.32 01/01/98 2,010.21 74.63 410,000.00 5.695
1047 357 103,000.00 102,111.27 12/01/97 659.53 69.13 149,000.00 5.445
1048 358 126,400.00 126,071.67 01/01/98 819.83 80.00 158,000.00 5.570
1049 358 401,000.00 399,879.85 01/01/98 2,501.72 79.88 502,000.00 5.195
1050 357 105,600.00 105,215.00 12/01/97 667.47 80.00 132,000.00 5.320
1051 358 152,500.00 152,063.64 01/01/98 938.97 78.21 195,000.00 5.070
1052 357 285,000.00 284,222.85 01/01/98 1,801.40 79.83 357,000.00 5.320
1053 360 520,000.00 519,552.28 03/01/98 3,372.72 80.00 650,000.00 5.570
1054 357 285,000.00 283,960.99 12/01/97 1,801.40 35.63 800,000.00 5.320
1055 358 750,000.00 748,003.87 01/01/98 4,802.34 45.45 1,650,000.00 5.445
1056 358 600,000.00 598,403.11 01/01/98 3,841.87 48.00 1,250,000.00 5.445
1057 358 693,000.00 691,155.59 01/01/98 4,437.36 66.00 1,050,000.00 5.445
1058 358 320,000.00 319,188.82 01/01/98 2,102.18 80.00 400,000.00 5.695
1059 357 220,000.00 219,289.95 12/01/97 1,482.19 74.58 295,000.00 5.945
1060 357 138,750.00 138,371.64 01/01/98 877.00 75.00 185,000.00 5.320
1061 357 550,000.00 548,135.77 12/01/97 3,613.11 79.14 695,000.00 5.695
1062 357 204,600.00 203,835.93 12/01/97 1,276.44 94.98 215,425.00 5.195
1063 358 127,000.00 126,670.12 01/01/98 823.72 92.70 137,000.00 5.570
1064 359 127,000.00 126,775.28 02/01/98 813.20 73.84 172,000.00 5.445
1065 358 329,500.00 328,644.10 01/01/98 2,137.14 79.59 414,000.00 5.570
1066 358 90,500.00 90,241.03 01/01/98 557.23 63.73 142,000.00 5.070
1067 358 226,300.00 225,740.25 01/01/98 1,505.58 78.85 287,000.00 5.820
1068 358 130,000.00 129,670.47 01/01/98 854.01 65.00 200,000.00 5.695
1069 357 108,750.00 108,438.81 01/01/98 669.60 75.00 145,000.00 5.070
1070 357 96,800.00 96,463.78 12/01/97 627.85 80.00 121,000.00 5.570
1071 359 158,200.00 157,913.18 02/01/98 999.94 74.62 212,000.00 5.320
1072 358 342,000.00 341,067.43 01/01/98 2,161.68 69.09 495,000.00 5.320
1073 357 214,600.00 213,562.18 12/01/97 1,303.94 78.04 275,000.00 4.945
1074 358 200,000.00 199,493.02 01/01/98 1,313.86 53.40 374,500.00 5.695
1075 358 297,500.00 296,708.20 01/01/98 1,904.93 79.33 375,000.00 5.445
</TABLE>
D-53
<PAGE>
<TABLE>
<CAPTION>
Lender
Property Paid CD pledge CD Convert- POOL-OUT
Type Occ MI (Y/N) Loan (Y/N) Amount ible Purp POOL-OUT
GROUP 1 LOANS
Loannum Outpool Conv-Y/N
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
1016 1 1 N N Y 1 0001 768,435 5983952 0 5983952 0001 Y
1017 1 1 N N Y 3 0001 680,782 5983978 0 5983978 0001 Y
1018 1 1 N N Y 2 0001 1,344,536 5984018 0 5984018 0001 Y
1019 1 1 N N Y 2 0001 1,128,155 5984026 0 5984026 0001 Y
1020 1 1 N N Y 2 0001 777,573 5984034 0 5984034 0001 Y
1021 1 1 N N Y 2 0001 1,522,216 5984067 0 5984067 0001 Y
1022 1 1 N N Y 3 0001 1,384,779 5984075 0 5984075 0001 Y
1023 1 1 N N Y 2 0001 1,346,292 5984091 0 5984091 0001 Y
1024 1 1 N N Y 3 0001 814,576 5984109 0 5984109 0001 Y
1025 1 1 N N Y 1 0001 1,065,726 5984125 0 5984125 0001 Y
1026 1 1 N N Y 2 0001 1,932,812 5984208 0 5984208 0001 Y
1027 1 1 N N Y 1 0001 408,038 5984299 0 5984299 0001 Y
1028 1 1 N N Y 2 0001 358,878 5984349 0 5984349 0001 Y
1029 1 1 N N Y 2 0001 1,698,489 5984380 0 5984380 0001 Y
1030 1 1 N N Y 3 0001 1,135,047 5984463 0 5984463 0001 Y
1031 1 1 N N Y 1 0001 564,021 5984604 0 5984604 0001 Y
1032 1 1 N N Y 1 0001 1,353,562 5984638 0 5984638 0001 Y
1033 1 1 N N Y 2 0001 1,959,794 5984653 0 5984653 0001 Y
1034 2 1 N N Y 2 0001 1,051,542 5984703 0 5984703 0001 Y
1035 1 1 N N Y 2 0001 1,704,169 5984737 0 5984737 0001 Y
1036 1 1 N N Y 3 0001 1,278,127 5984745 0 5984745 0001 Y
1037 1 1 N N Y 2 0001 2,148,324 5984752 0 5984752 0001 Y
1038 1 1 N N Y 3 0001 1,642,873 5984836 0 5984836 0001 Y
1039 1 1 N N Y 2 0001 1,420,141 5984877 0 5984877 0001 Y
1040 1 1 N N Y 2 0001 1,408,091 5984935 0 5984935 0001 Y
1041 1 1 N N Y 2 0001 5,430,508 5984976 0 5984976 0001 Y
1042 1 1 N N Y 1 0001 530,142 5984984 0 5984984 0001 Y
1043 1 1 N N Y 2 0001 1,464,919 5985056 0 5985056 0001 Y
1044 1 1 N N Y 3 0001 1,283,807 5985064 0 5985064 0001 Y
1045 2 1 N N Y 1 0001 720,059 5985122 0 5985122 0001 Y
1046 1 1 N N Y 2 0001 1,738,253 5985130 0 5985130 0001 Y
1047 1 1 N N Y 2 0001 555,996 5985320 0 5985320 0001 Y
1048 1 1 N N Y 3 0001 702,219 5985395 0 5985395 0001 Y
1049 1 1 N N Y 2 0001 2,077,376 5985403 0 5985403 0001 Y
1050 1 1 N N Y 1 0001 559,744 5985437 0 5985437 0001 Y
1051 1 1 N N Y 2 0001 770,963 5985486 0 5985486 0001 Y
1052 1 1 N N Y 2 0001 1,512,066 5985494 0 5985494 0001 Y
1053 1 1 N N Y 1 0001 2,893,906 5985551 0 5985551 0001 Y
1054 1 1 N N Y 2 0001 1,510,672 5985577 0 5985577 0001 Y
1055 1 1 N N Y 2 0001 4,072,881 5985585 0 5985585 0001 Y
1056 1 1 N N Y 3 0001 3,258,305 5985593 0 5985593 0001 Y
1057 1 1 N N Y 2 0001 3,763,342 5985619 0 5985619 0001 Y
1058 1 1 N N Y 2 0001 1,817,780 5985718 0 5985718 0001 Y
1059 3 1 N N Y 3 0001 1,303,679 5985726 0 5985726 0001 Y
1060 1 1 N N Y 3 0001 736,137 5985742 0 5985742 0001 Y
1061 1 1 N N Y 2 0001 3,121,633 5985767 0 5985767 0001 Y
1062 1 1 N N Y 1 0001 1,058,928 5985825 0 5985825 0001 Y
1063 1 1 N N Y 1 0001 705,553 5985833 0 5985833 0001 Y
1064 1 1 N N Y 2 0001 690,291 5985882 0 5985882 0001 Y
1065 2 1 N N Y 3 0001 1,830,548 5985924 0 5985924 0001 Y
1066 1 1 N N Y 2 0001 457,522 5986054 0 5986054 0001 Y
1067 1 1 N N Y 2 0001 1,313,808 5986096 0 5986096 0001 Y
1068 1 1 N N Y 2 0001 738,473 5986104 0 5986104 0001 Y
1069 1 1 N N Y 3 0001 549,785 5986161 0 5986161 0001 Y
1070 1 1 N N Y 1 0001 537,303 5986203 0 5986203 0001 Y
1071 1 1 N N Y 2 0001 840,098 5986229 0 5986229 0001 Y
1072 2 1 N N Y 2 0001 1,814,479 5986237 0 5986237 0001 Y
1073 1 1 N N Y 1 0001 1,056,065 5986245 0 5986245 0001 Y
1074 1 1 N N Y 1 0001 1,136,113 5986252 0 5986252 0001 Y
1075 1 1 N N Y 2 0001 1,615,576 5986344 0 5986344 0001 Y
</TABLE>
D-54
<PAGE>
<TABLE>
<CAPTION>
Maximum Minimum Original
Loan-no City State Zip Index Margin Int rate Int rate Term
GROUP 1 LOANS
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
1076 5986369 WASHINGTON DC 20016 01 3.000 12.625 3.000 360
1077 5986377 NORWALK CT 6853 01 3.000 12.625 3.000 360
1078 5986385 WOODCLIFF L NJ 7675 01 3.000 12.875 3.000 360
1079 5986401 BRICK NJ 8723 01 3.000 12.750 3.000 360
1080 5986450 MARRIOTTSVI MD 21104 01 3.000 12.375 3.000 360
1081 5986484 RICHMOND VA 23220 01 3.000 12.375 3.000 360
1082 5986716 FAIRFAX VA 22031 01 3.000 12.750 3.000 360
1083 5986807 KEYPORT NJ 7735 01 3.000 12.375 3.000 360
1084 5986815 ELKRIDGE MD 21075 01 3.000 12.375 3.000 360
1085 5986864 GREENWICH CT 6830 01 3.000 12.625 3.000 360
1086 5986898 MCLEAN VA 22101 01 3.000 12.875 3.000 360
1087 5986914 TOWSON MD 21204 01 3.000 12.875 3.000 360
1088 5986930 WILLIAMSBUR VA 23185 01 3.000 12.750 3.000 360
1089 5986948 GLEN ARM MD 21057 01 3.000 12.625 3.000 360
1090 5986955 OLD GREENWI CT 6870 01 3.000 12.750 3.000 360
1091 5986989 RICHMOND VA 23235 01 3.000 12.875 3.000 360
1092 5986997 DAVIDSONVIL MD 21035 01 3.000 12.875 3.000 360
1093 5987011 ALEXANDRIA VA 22310 01 3.000 12.500 3.000 360
1094 5987078 DAVIDSON NC 28036 01 3.000 13.000 3.000 360
1095 5987110 CARY NC 27513 01 3.000 13.125 3.000 360
1096 5987128 NEW MILFORD CT 6460 01 3.000 13.125 3.000 360
1097 5987136 MEDFIELD MA 2052 01 3.000 12.750 3.000 360
1098 5987144 ROCKVILLE MD 20850 01 3.000 13.000 3.000 360
1099 5987268 CHEVY CHASE MD 20815 01 3.000 12.875 3.000 360
1100 5987334 GREENSBORO NC 27410 01 3.000 12.375 3.000 360
1101 5987342 FREDERICK MD 21701 01 3.000 13.125 3.000 360
1102 5987367 RICHMOND VA 23229 01 3.000 12.500 3.000 360
1103 5987433 BETHESDA MD 20817 01 3.000 12.875 3.000 360
1104 5987441 CHEVY CHASE MD 20815 01 3.000 12.750 3.000 360
1105 5987474 POTOMAC MD 20854 01 3.000 12.750 3.000 360
1106 5987573 ANNANDALE VA 22003 01 3.000 12.875 3.000 360
1107 5987581 BALTIMORE MD 21209 01 3.000 12.500 3.000 360
1108 5987631 PHOENIX MD 21131 01 3.000 12.625 3.000 360
1109 5987649 SILVER SPRI MD 20902 01 3.000 12.750 3.000 360
1110 5987722 JACKSON NJ 8527 01 3.000 12.750 3.000 360
1111 5987912 HERNDON VA 20171 01 3.000 12.750 3.000 360
1112 5987946 MOUNT LAURE NJ 8054 01 3.000 11.875 3.000 360
1113 5987995 ROCKVILLE MD 20852 01 3.000 13.000 3.000 360
1114 5988001 GAITHERSBUR MD 20878 01 3.000 13.000 3.000 360
1115 5988050 FAIRFAX VA 22033 01 3.000 13.000 3.000 360
1116 5988068 WINCHESTER VA 22602 01 3.000 12.875 3.000 360
1117 5988100 RESTON VA 20191 01 3.000 12.875 3.000 360
1118 5988126 EAST WINDSO NJ 8520 01 3.000 12.875 3.000 360
1119 5988134 WASHINGTON DC 20003 01 3.000 12.750 3.000 360
1120 5988142 WASHINGTON DC 20002 01 3.000 13.000 3.000 360
1121 5988167 ASHBURN VA 20147 01 3.000 13.000 3.000 360
1122 5988217 KERNERSVILL NC 27284 01 3.000 12.500 3.000 360
1123 5988241 DORAVILLE GA 30340 01 3.000 13.000 3.000 360
1124 5988274 RICHMOND VA 23220 01 3.000 12.500 3.000 360
1125 5988308 CHARLOTTE NC 28216 01 3.000 11.875 3.000 360
1126 5988373 WOODSTOCK GA 30189 01 3.000 12.000 3.000 360
1127 5988407 DARIEN CT 6820 01 3.000 12.875 3.000 360
1128 5988696 RALEIGH NC 27612 01 3.000 12.375 3.000 360
1129 5988746 APEX NC 27502 01 3.000 12.750 3.000 360
1130 5988795 MADISON NJ 7940 01 3.000 13.000 3.000 360
1131 5988837 FRANKLIN TO NJ 8873 01 3.000 12.750 3.000 360
1132 5988845 WASHINGTON DC 20009 01 3.000 13.000 3.000 360
1133 5988878 ANNAPOLIS MD 21401 01 3.000 12.500 3.000 360
1134 5988951 ELON COLLEG NC 27244 01 3.000 12.750 3.000 360
1135 5989082 GAITHERSBUR MD 20879 01 3.000 13.000 3.000 360
</TABLE>
D-55
<PAGE>
<TABLE>
<CAPTION>
Original 03/01/98 Orig-
Remaining Principal Principal 1st due 03/01/98 inal Appraised Net
Term Bal Bal date p&i LTV Value Mtg Rate
GROUP 1 LOANS
<S> <C> <C> <C> <C> <C> <C> <C> <C>
1076 356 600,000.00 597,864.92 12/01/97 3,841.87 60.61 990,000.00 5.445
1077 357 300,000.00 298,932.44 12/01/97 1,920.94 58.65 511,500.00 5.445
1078 358 475,000.00 473,795.93 01/01/98 3,120.42 65.56 724,500.00 5.695
1079 358 125,000.00 124,784.15 02/01/98 810.75 78.17 159,900.00 5.570
1080 358 146,000.00 145,086.81 01/01/98 910.86 75.26 194,000.00 5.195
1081 358 213,750.00 213,152.90 01/01/98 1,333.53 95.00 225,000.00 5.195
1082 358 185,600.00 185,117.90 01/01/98 1,203.80 80.00 232,000.00 5.570
1083 358 97,850.00 97,576.66 01/01/98 610.46 92.31 106,000.00 5.195
1084 358 117,500.00 116,768.58 01/01/98 733.05 76.30 154,000.00 5.195
1085 357 495,000.00 493,682.57 01/01/98 3,169.54 15.57 3,180,000.00 5.445
1086 358 628,000.00 626,408.10 01/01/98 4,125.52 69.78 900,000.00 5.695
1087 358 430,000.00 428,910.00 01/01/98 2,824.80 71.67 600,000.00 5.695
1088 357 600,000.00 597,916.13 12/01/97 3,891.59 78.43 765,000.00 5.570
1089 358 209,200.00 208,643.19 01/01/98 1,339.54 78.94 265,000.00 5.445
1090 358 588,000.00 586,472.66 01/01/98 3,813.76 80.00 735,000.00 5.570
1091 357 190,800.00 190,153.25 12/01/97 1,253.43 90.00 212,000.00 5.695
1092 358 216,400.00 215,851.44 01/01/98 1,421.60 77.29 280,000.00 5.695
1093 357 141,500.00 141,114.16 01/01/98 894.38 76.90 184,000.00 5.320
1094 357 177,000.00 176,562.18 01/01/98 1,177.59 79.73 222,000.00 5.820
1095 358 275,000.00 274,336.32 01/01/98 1,852.73 60.84 452,000.00 5.945
1096 358 233,000.00 232,626.23 02/01/98 1,569.77 86.30 270,000.00 5.945
1097 359 214,000.00 213,630.46 02/01/98 1,388.00 61.14 350,000.00 5.570
1098 359 160,500.00 160,236.09 02/01/98 1,067.82 77.91 206,000.00 5.820
1099 358 702,900.00 701,118.25 01/01/98 4,617.56 79.88 880,000.00 5.695
1100 358 95,100.00 94,834.32 01/01/98 593.31 79.92 119,000.00 5.195
1101 357 165,650.00 165,115.37 12/01/97 1,116.02 94.98 174,400.00 5.945
1102 358 178,600.00 178,112.98 01/01/98 1,128.88 95.00 188,000.00 5.320
1103 358 347,500.00 346,619.14 01/01/98 2,282.83 57.92 600,000.00 5.695
1104 357 235,500.00 234,888.29 01/01/98 1,527.45 74.76 315,000.00 5.570
1105 358 325,000.00 324,155.80 01/01/98 2,107.95 72.22 450,000.00 5.570
1106 358 180,300.00 176,811.36 01/01/98 1,184.45 84.65 213,000.00 5.695
1107 359 120,000.00 115,600.63 02/01/98 758.49 65.57 183,000.00 5.320
1108 358 364,000.00 363,031.20 01/01/98 2,330.74 80.00 455,000.00 5.445
1109 358 157,500.00 157,228.01 02/01/98 1,021.55 90.00 175,000.00 5.570
1110 359 110,000.00 109,709.48 02/01/98 713.46 73.38 149,900.00 5.570
1111 359 333,600.00 332,894.75 02/01/98 2,163.73 72.05 463,000.00 5.570
1112 358 139,500.00 138,946.82 01/01/98 706.83 90.00 155,000.00 3.320
1113 356 221,000.00 220,269.03 12/01/97 1,470.32 75.68 292,000.00 5.820
1114 358 318,000.00 317,213.42 01/01/98 2,115.67 78.52 405,000.00 5.820
1115 358 316,000.00 315,218.37 01/01/98 2,102.36 74.97 421,500.00 5.820
1116 357 200,000.00 199,493.02 01/01/98 1,313.86 78.43 255,000.00 5.695
1117 357 77,200.00 76,938.33 12/01/97 507.15 82.13 94,000.00 5.695
1118 358 161,600.00 160,988.63 01/01/98 1,061.60 80.00 202,000.00 5.695
1119 357 178,600.00 177,979.70 12/01/97 1,158.40 79.38 225,000.00 5.570
1120 358 176,200.00 175,728.15 01/01/98 1,172.27 94.99 185,500.00 5.820
1121 356 230,000.00 226,292.53 12/01/97 1,530.20 84.56 272,000.00 5.820
1122 357 73,150.00 72,883.32 12/01/97 462.36 95.00 77,000.00 5.320
1123 357 86,450.00 86,164.03 12/01/97 575.16 95.00 91,000.00 5.820
1124 358 156,250.00 155,823.93 01/01/98 987.61 94.98 164,500.00 5.320
1125 358 152,400.00 151,931.55 01/01/98 901.51 85.96 177,294.00 4.695
1126 357 128,850.00 128,333.02 12/01/97 772.53 89.98 143,200.00 4.820
1127 358 580,000.00 578,529.80 01/01/98 3,810.19 77.33 750,000.00 5.695
1128 358 120,000.00 119,664.78 01/01/98 748.65 80.00 150,000.00 5.195
1129 360 113,150.00 113,052.58 03/01/98 733.89 95.00 119,110.00 5.570
1130 359 255,000.00 254,580.72 02/01/98 1,696.53 79.94 319,000.00 5.820
1131 358 134,450.00 134,100.75 01/01/98 872.05 89.99 149,400.00 5.570
1132 358 169,400.00 168,980.98 01/01/98 1,127.03 89.63 189,000.00 5.820
1133 357 288,000.00 286,950.07 12/01/97 1,820.36 90.00 320,000.00 5.320
1134 358 72,000.00 71,812.95 01/01/98 467.00 80.00 90,000.00 5.570
1135 359 153,000.00 152,748.43 02/01/98 1,017.92 90.00 170,000.00 5.820
</TABLE>
D-56
<PAGE>
<TABLE>
<CAPTION>
Lender
Property Paid CD pledge CD Convert- POOL-OUT
Type Occ MI (Y/N) Loan (Y/N) Amount ible Purp POOL-OUT
GROUP 1 LOANS
Loannum Outpool Conv-Y/N
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
1076 1 1 N N Y 2 0001 3,255,374 5986369 0 5986369 0001 Y
1077 1 1 N N Y 1 0001 1,627,687 5986377 0 5986377 0001 Y
1078 1 1 N N Y 2 0001 2,698,268 5986385 0 5986385 0001 Y
1079 1 1 N N Y 1 0001 695,048 5986401 0 5986401 0001 Y
1080 1 1 N N Y 2 0001 753,726 5986450 0 5986450 0001 Y
1081 1 1 N N Y 1 0001 1,107,329 5986484 0 5986484 0001 Y
1082 1 1 N N Y 2 0001 1,031,107 5986716 0 5986716 0001 Y
1083 1 1 N N Y 1 0001 506,911 5986807 0 5986807 0001 Y
1084 2 1 N N Y 2 0001 606,613 5986815 0 5986815 0001 Y
1085 1 1 N N Y 2 0001 2,688,102 5986864 0 5986864 0001 Y
1086 1 1 N N Y 2 0001 3,567,394 5986898 0 5986898 0001 Y
1087 1 1 N N Y 2 0001 2,442,642 5986914 0 5986914 0001 Y
1088 1 1 N N Y 1 0001 3,330,393 5986930 0 5986930 0001 Y
1089 1 1 N N Y 3 0001 1,136,062 5986948 0 5986948 0001 Y
1090 1 1 N N Y 1 0001 3,266,653 5986955 0 5986955 0001 Y
1091 1 1 N N Y 1 0001 1,082,923 5986989 0 5986989 0001 Y
1092 1 1 N N Y 2 0001 1,229,274 5986997 0 5986997 0001 Y
1093 2 1 N N Y 2 0001 750,727 5987011 0 5987011 0001 Y
1094 1 1 N N Y 2 0001 1,027,592 5987078 0 5987078 0001 Y
1095 1 1 N N Y 2 0001 1,630,929 5987110 0 5987110 0001 Y
1096 1 1 N N Y 2 0001 1,382,963 5987128 0 5987128 0001 Y
1097 1 1 N N Y 2 0001 1,189,922 5987136 0 5987136 0001 Y
1098 2 1 N N Y 2 0001 932,574 5987144 0 5987144 0001 Y
1099 1 1 N N Y 2 0001 3,992,868 5987268 0 5987268 0001 Y
1100 1 1 N N Y 1 0001 492,664 5987334 0 5987334 0001 Y
1101 2 1 N N Y 1 0001 981,611 5987342 0 5987342 0001 Y
1102 1 1 N N Y 1 0001 947,561 5987367 0 5987367 0001 Y
1103 1 1 N N Y 2 0001 1,973,996 5987433 0 5987433 0001 Y
1104 1 1 N N Y 2 0001 1,308,328 5987441 0 5987441 0001 Y
1105 1 1 N N Y 2 0001 1,805,548 5987474 0 5987474 0001 Y
1106 1 1 N N Y 2 0001 1,006,941 5987573 0 5987573 0001 Y
1107 1 1 N N Y 2 0001 614,995 5987581 0 5987581 0001 Y
1108 1 1 N N Y 1 0001 1,976,705 5987631 0 5987631 0001 Y
1109 1 1 N N Y 1 0001 875,760 5987649 0 5987649 0001 Y
1110 1 1 N N Y 1 0001 611,082 5987722 0 5987722 0001 Y
1111 1 1 N N Y 2 0001 1,854,224 5987912 0 5987912 0001 Y
1112 1 1 N N Y 2 0001 461,303 5987946 0 5987946 0001 Y
1113 1 1 N N Y 2 0001 1,281,966 5987995 0 5987995 0001 Y
1114 1 1 N N Y 2 0001 1,846,182 5988001 0 5988001 0001 Y
1115 1 1 N N Y 2 0001 1,834,571 5988050 0 5988050 0001 Y
1116 1 1 N N Y 3 0001 1,136,113 5988068 0 5988068 0001 Y
1117 2 1 N N Y 2 0001 438,164 5988100 0 5988100 0001 Y
1118 1 1 N N Y 2 0001 916,830 5988126 0 5988126 0001 Y
1119 2 1 N N Y 2 0001 991,347 5988134 0 5988134 0001 Y
1120 1 1 N N Y 1 0001 1,022,738 5988142 0 5988142 0001 Y
1121 1 1 N N Y 2 0001 1,317,023 5988167 0 5988167 0001 Y
1122 1 1 N N Y 1 0001 387,739 5988217 0 5988217 0001 Y
1123 2 1 N N Y 1 0001 501,475 5988241 0 5988241 0001 Y
1124 1 1 N N Y 1 0001 828,983 5988274 0 5988274 0001 Y
1125 1 1 N N Y 1 0001 713,319 5988308 0 5988308 0001 Y
1126 1 1 N N Y 1 0001 618,565 5988373 0 5988373 0001 Y
1127 1 1 N N Y 2 0001 3,294,727 5988407 0 5988407 0001 Y
1128 1 1 N N Y 1 0001 621,659 5988696 0 5988696 0001 Y
1129 1 1 N N Y 1 0001 629,703 5988746 0 5988746 0001 Y
1130 1 1 N N Y 2 0001 1,481,660 5988795 0 5988795 0001 Y
1131 3 1 N N Y 1 0001 746,941 5988837 0 5988837 0001 Y
1132 3 1 N N Y 2 0001 983,469 5988845 0 5988845 0001 Y
1133 1 1 N N Y 2 0001 1,526,574 5988878 0 5988878 0001 Y
1134 1 1 N N Y 3 0001 399,998 5988951 0 5988951 0001 Y
1135 2 1 N N Y 2 0001 888,996 5989082 0 5989082 0001 Y
</TABLE>
D-57
<PAGE>
<TABLE>
<CAPTION>
Maximum Minimum Original
Loan-no City State Zip Index Margin Int rate Int rate Term
GROUP 1 LOANS
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
1136 5989108 ALEXANDRIA VA 22304 01 3.000 12.125 3.000 360
1137 5989140 SAN ANTONIO TX 78253 01 3.000 12.750 3.000 360
1138 5989157 ARLINGTON VA 22205 01 3.000 13.125 3.000 360
1139 5989165 WILMINGTON NC 28409 01 3.000 13.000 3.000 360
1140 5989181 MIDLOTHIAN VA 23113 01 3.000 13.000 3.000 360
1141 5989231 FAIRFAX VA 22033 01 3.000 12.750 3.000 360
1142 5989264 DARIEN CT 6820 01 3.000 12.500 3.000 360
1143 5989272 VIENNA VA 22181 01 3.000 12.375 3.000 360
1144 5989298 WASHINGTON DC 20008 01 3.000 12.500 3.000 360
1145 5989314 DERWOOD MD 20855 01 3.000 12.500 3.000 360
1146 5989371 RICHMOND VA 23229 01 3.000 13.125 3.000 360
1147 5989389 CAROLINA BE NC 28428 01 3.000 12.500 3.000 360
1148 5989405 LYMAN ME 4043 01 3.000 13.000 3.000 360
1149 5989462 PIKESVILLE MD 21208 01 3.000 12.875 3.000 360
1150 5989470 WOODFORD VA 22580 01 3.000 11.750 3.000 360
1151 5989496 GREAT FALLS VA 22066 01 3.000 13.000 3.000 360
1152 5989538 RICHMOND VA 23229 01 3.000 12.250 3.000 360
1153 5989546 GLEN ECHO MD 20812 01 3.000 13.000 3.000 360
1154 5989553 BALTIMORE MD 21208 01 3.000 12.875 3.000 360
1155 5989561 MANASSAS PA VA 20111 01 3.000 12.750 3.000 360
1156 5989603 RALEIGH NC 27607 01 3.000 12.500 3.000 360
1157 5989652 WASHINGTON DC 20011 01 3.000 11.750 3.000 360
1158 5989793 RICHMOND VA 23225 01 3.000 12.875 3.000 360
1159 5989819 WASHINGTON DC 20016 01 3.000 13.000 3.000 360
1160 5989884 SILVER SPRI MD 20905 01 3.000 12.875 3.000 360
1161 5989959 QUINCY MA 2169 01 3.000 13.000 3.000 360
1162 5990015 VIENNA VA 22181 01 3.000 13.125 3.000 360
1163 5990080 CHARLOTTE NC 28209 01 3.000 12.625 3.000 360
1164 5990106 WEEHAWKEN NJ 7087 01 3.000 12.875 3.000 360
1165 5990114 GLEN ARM MD 21057 01 3.000 12.625 3.000 360
1166 5990130 ALEXANDRIA VA 22308 01 3.000 13.125 3.000 360
1167 5990148 GERMANTOWN MD 20876 01 3.000 13.125 3.000 360
1168 5990163 GAITHERSBUR MD 20882 01 3.000 13.125 3.000 360
1169 5990262 VIENNA VA 22180 01 3.000 12.250 3.000 360
1170 5990296 WASHINGTON DC 20015 01 3.000 12.375 3.000 360
1171 5990320 CAMBRIDGE MA 2141 01 3.000 12.875 3.000 360
1172 5990387 CUMMING GA 30041 01 3.000 12.875 3.000 360
1173 5990395 OLNEY MD 20832 01 3.000 12.375 3.000 360
1174 5990478 CUMMING GA 30040 01 3.000 12.750 3.000 360
1175 5990528 SILVER SPRI MD 20904 01 3.000 12.875 3.000 360
1176 5990544 COLTS NECK NJ 7722 01 3.000 13.000 3.000 360
1177 5990551 ALEXANDRIA VA 22312 01 3.000 12.500 3.000 360
1178 5990577 ARLINGTON VA 22204 01 3.000 12.750 3.000 360
1179 5990593 MATTHEWS NC 28105 01 3.000 12.625 3.000 360
1180 5990650 LUTHERVILLE MD 21093 01 3.000 13.000 3.000 360
1181 5990726 NORTH SMITH RI 2896 01 3.000 12.875 3.000 360
1182 5990742 OWINGS MILL MD 21117 01 3.000 12.625 3.000 360
1183 5990767 CHARLOTTE NC 28270 01 3.000 12.625 3.000 360
1184 5990858 ROCKVILLE MD 20852 01 3.000 12.750 3.000 360
1185 5990999 COLUMBIA MD 21044 01 3.000 13.125 3.000 360
1186 5991039 ANNANDALE VA 22003 01 3.000 12.750 3.000 360
1187 5991062 HOWELL NJ 7731 01 3.000 11.875 3.000 360
1188 5991146 FAIRFAX STA VA 22039 01 3.000 13.000 3.000 360
1189 5991187 BROOKVILLE MD 20833 01 3.000 13.000 3.000 360
1190 5991203 PROVIDENCE RI 2906 01 3.000 13.000 3.000 360
1191 5991237 CHARLOTTE NC 28269 01 3.000 12.250 3.000 360
1192 5991260 NEWNAN GA 30263 01 3.000 12.625 3.000 360
1193 5991286 WASHINGTON NJ 8691 01 3.000 12.375 3.000 360
1194 5991302 ROANOKE VA 24018 01 3.000 12.500 3.000 360
1195 5991310 UPPER MARLB MD 20772 01 3.000 12.375 3.000 360
</TABLE>
D-58
<PAGE>
<TABLE>
<CAPTION>
Original 03/01/98 Orig-
Remaining Principal Principal 1st due 03/01/98 inal Appraised Net
Term Bal Bal date p&i LTV Value Mtg Rate
GROUP 1 LOANS
<S> <C> <C> <C> <C> <C> <C> <C> <C>
1136 357 166,300.00 165,583.83 12/01/97 957.32 94.99 175,065.00 4.445
1137 359 98,000.00 97,830.77 02/01/98 635.63 87.50 112,000.00 5.570
1138 357 271,500.00 270,623.76 12/01/97 1,829.15 78.02 348,000.00 5.945
1139 359 101,500.00 101,333.10 02/01/98 675.29 78.08 130,000.00 5.820
1140 359 600,000.00 599,013.49 02/01/98 3,991.82 80.00 750,000.00 5.820
1141 358 198,000.00 197,485.68 01/01/98 1,284.23 79.84 248,000.00 5.570
1142 359 650,000.00 648,821.58 02/01/98 4,108.45 76.47 850,000.00 5.320
1143 358 185,000.00 184,483.22 01/01/98 1,154.16 75.51 245,000.00 5.195
1144 358 458,000.00 456,751.12 01/01/98 2,894.88 61.07 750,000.00 5.320
1145 359 188,000.00 187,659.16 02/01/98 1,188.29 87.85 214,000.00 5.320
1146 359 336,000.00 335,461.00 02/01/98 2,263.70 70.74 475,000.00 5.945
1147 358 146,000.00 145,601.89 01/01/98 922.82 79.78 183,000.00 5.320
1148 358 159,300.00 158,905.97 01/01/98 1,059.83 90.00 177,000.00 5.820
1149 359 107,000.00 106,719.11 02/01/98 702.92 86.29 124,000.00 5.695
1150 357 198,000.00 197,214.84 01/01/98 1,003.24 52.80 375,000.00 3.320
1151 358 179,350.00 178,906.36 01/01/98 1,193.23 73.81 243,000.00 5.820
1152 358 185,000.00 184,470.64 01/01/98 1,139.08 77.08 240,000.00 5.070
1153 358 375,000.00 374,072.44 01/01/98 2,494.89 75.00 500,000.00 5.820
1154 357 147,100.00 146,727.10 01/01/98 966.35 94.98 154,880.00 5.695
1155 357 57,750.00 57,434.82 01/01/98 374.57 75.00 77,000.00 5.570
1156 358 144,800.00 144,395.55 01/01/98 915.24 80.00 181,000.00 5.320
1157 358 79,200.00 79,030.26 02/01/98 455.92 80.00 99,000.00 4.445
1158 359 125,100.00 124,889.20 02/01/98 821.82 90.00 139,000.00 5.695
1159 358 198,000.00 197,510.25 01/01/98 1,317.30 76.15 260,000.00 5.820
1160 357 183,400.00 182,778.37 12/01/97 1,204.81 61.54 298,000.00 5.695
1161 359 336,000.00 335,447.55 02/01/98 2,235.42 80.00 420,000.00 5.820
1162 358 224,000.00 223,459.42 01/01/98 1,509.13 80.00 280,000.00 5.945
1163 357 114,000.00 113,696.57 01/01/98 729.96 80.00 142,500.00 5.445
1164 357 136,800.00 136,336.31 12/01/97 898.68 95.00 144,000.00 5.695
1165 358 273,500.00 272,772.07 01/01/98 1,751.26 72.93 375,000.00 5.445
1166 358 320,000.00 319,227.73 01/01/98 2,155.90 80.00 400,000.00 5.945
1167 359 219,200.00 218,848.36 02/01/98 1,476.80 80.00 274,000.00 5.945
1168 359 240,000.00 239,615.00 02/01/98 1,616.93 67.61 355,000.00 5.945
1169 358 157,000.00 156,526.02 01/01/98 966.68 74.76 210,000.00 5.070
1170 359 476,000.00 475,115.90 02/01/98 2,969.63 79.93 595,500.00 5.195
1171 358 84,000.00 83,787.05 01/01/98 551.83 70.00 120,000.00 5.695
1172 357 163,350.00 162,796.30 12/01/97 1,073.10 94.99 171,960.00 5.695
1173 358 141,000.00 140,606.12 01/01/98 879.66 71.94 196,000.00 5.195
1174 358 261,500.00 260,820.74 01/01/98 1,696.09 79.99 326,900.00 5.570
1175 358 156,000.00 155,602.15 01/01/98 1,024.81 80.00 195,000.00 5.695
1176 359 370,000.00 369,391.65 02/01/98 2,461.62 79.40 466,000.00 5.820
1177 357 166,400.00 165,793.35 12/01/97 1,051.77 89.99 184,900.00 5.320
1178 358 135,200.00 134,848.81 01/01/98 876.91 80.00 169,000.00 5.570
1179 358 213,600.00 213,031.49 01/01/98 1,367.71 80.00 267,000.00 5.445
1180 359 295,000.00 294,414.37 02/01/98 1,962.65 79.73 370,000.00 5.820
1181 358 200,000.00 199,662.98 02/01/98 1,313.86 74.91 267,000.00 5.695
1182 358 380,000.00 378,988.62 01/01/98 2,433.19 80.00 475,000.00 5.445
1183 359 186,150.00 185,820.62 02/01/98 1,191.94 83.30 223,478.00 5.445
1184 358 125,000.00 124,675.31 01/01/98 810.75 67.93 184,000.00 5.570
1185 359 248,000.00 247,099.19 02/01/98 1,670.83 74.92 331,000.00 5.945
1186 359 152,000.00 151,432.12 02/01/98 985.87 74.69 203,500.00 5.570
1187 358 170,500.00 169,975.92 01/01/98 1,008.58 94.20 181,000.00 4.695
1188 359 275,000.00 274,547.84 02/01/98 1,829.59 73.33 375,000.00 5.820
1189 359 225,000.00 224,630.04 02/01/98 1,496.94 71.43 315,000.00 5.820
1190 359 281,000.00 280,537.97 02/01/98 1,869.51 56.20 500,000.00 5.820
1191 358 120,000.00 119,771.67 02/01/98 738.87 74.07 162,000.00 5.070
1192 358 69,350.00 69,165.41 01/01/98 444.06 95.00 73,000.00 5.445
1193 359 108,000.00 107,799.41 02/01/98 673.78 90.00 120,000.00 5.195
1194 357 214,600.00 214,014.84 01/01/98 1,356.42 71.53 300,000.00 5.320
1195 358 130,000.00 129,758.54 02/01/98 811.04 74.29 175,000.00 5.195
</TABLE>
D-59
<PAGE>
<TABLE>
<CAPTION>
Lender
Property Paid CD pledge CD Convert- POOL-OUT
Type Occ MI (Y/N) Loan (Y/N) Amount ible Purp POOL-OUT
GROUP 1 LOANS
Loannum Outpool Conv-Y/N
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
1136 2 1 N N Y 1 0001 736,020 5989108 0 5989108 0001 Y
1137 1 1 N N Y 2 0001 544,917 5989140 0 5989140 0001 Y
1138 1 1 N N Y 2 0001 1,608,858 5989157 0 5989157 0001 Y
1139 1 1 N N Y 2 0001 589,759 5989165 0 5989165 0001 Y
1140 1 1 N N Y 2 0001 3,486,259 5989181 0 5989181 0001 Y
1141 1 1 N N Y 2 0001 1,099,995 5989231 0 5989231 0001 Y
1142 1 1 N N Y 1 0001 3,451,731 5989264 0 5989264 0001 Y
1143 1 1 N N Y 2 0001 958,390 5989272 0 5989272 0001 Y
1144 1 1 N N Y 2 0001 2,429,916 5989298 0 5989298 0001 Y
1145 1 1 N N Y 2 0001 998,347 5989314 0 5989314 0001 Y
1146 1 1 N N Y 2 0001 1,994,316 5989371 0 5989371 0001 Y
1147 1 1 N N Y 2 0001 774,602 5989389 0 5989389 0001 Y
1148 1 1 N N Y 1 0001 924,833 5989405 0 5989405 0001 Y
1149 1 1 N N Y 2 0001 607,765 5989462 0 5989462 0001 Y
1150 1 1 N N Y 2 0001 654,753 5989470 0 5989470 0001 Y
1151 1 1 N N Y 2 0001 1,041,235 5989496 0 5989496 0001 Y
1152 1 1 N N Y 2 0001 935,266 5989538 0 5989538 0001 Y
1153 1 1 N N Y 3 0001 2,177,102 5989546 0 5989546 0001 Y
1154 3 1 N N Y 1 0001 835,611 5989553 0 5989553 0001 Y
1155 2 1 N N Y 3 0001 319,912 5989561 0 5989561 0001 Y
1156 1 1 N N Y 1 0001 768,184 5989603 0 5989603 0001 Y
1157 2 1 N N Y 1 0001 351,290 5989652 0 5989652 0001 Y
1158 1 1 N N Y 1 0001 711,244 5989793 0 5989793 0001 Y
1159 1 1 N N Y 2 0001 1,149,510 5989819 0 5989819 0001 Y
1160 1 1 N N Y 2 0001 1,040,923 5989884 0 5989884 0001 Y
1161 1 1 N N Y 2 0001 1,952,305 5989959 0 5989959 0001 Y
1162 2 1 N N Y 2 0001 1,328,466 5990015 0 5990015 0001 Y
1163 1 1 N N Y 2 0001 619,078 5990080 0 5990080 0001 Y
1164 3 1 N N Y 1 0001 776,435 5990106 0 5990106 0001 Y
1165 1 1 N N Y 2 0001 1,485,244 5990114 0 5990114 0001 Y
1166 1 1 N N Y 3 0001 1,897,809 5990130 0 5990130 0001 Y
1167 1 1 N N Y 2 0001 1,301,054 5990148 0 5990148 0001 Y
1168 1 1 N N Y 2 0001 1,424,511 5990163 0 5990163 0001 Y
1169 1 1 N N Y 3 0001 793,587 5990262 0 5990262 0001 Y
1170 1 1 N N Y 3 0001 2,468,227 5990296 0 5990296 0001 Y
1171 3 1 N N Y 2 0001 477,167 5990320 0 5990320 0001 Y
1172 1 1 N N Y 1 0001 927,125 5990387 0 5990387 0001 Y
1173 1 1 N N Y 2 0001 730,449 5990395 0 5990395 0001 Y
1174 1 1 N N Y 1 0001 1,452,772 5990478 0 5990478 0001 Y
1175 1 1 N N Y 2 0001 886,154 5990528 0 5990528 0001 Y
1176 1 1 N N Y 3 0001 2,149,859 5990544 0 5990544 0001 Y
1177 1 1 N N Y 1 0001 882,021 5990551 0 5990551 0001 Y
1178 1 1 N N Y 2 0001 751,108 5990577 0 5990577 0001 Y
1179 1 1 N N Y 2 0001 1,159,956 5990593 0 5990593 0001 Y
1180 1 1 N N Y 2 0001 1,713,492 5990650 0 5990650 0001 Y
1181 1 1 N N Y 3 0001 1,137,081 5990726 0 5990726 0001 Y
1182 1 1 N N Y 2 0001 2,063,593 5990742 0 5990742 0001 Y
1183 1 1 N N Y 2 0001 1,011,793 5990767 0 5990767 0001 Y
1184 3 1 N N Y 3 0001 694,441 5990858 0 5990858 0001 Y
1185 1 1 N N Y 2 0001 1,469,005 5990999 0 5990999 0001 Y
1186 1 1 N N Y 2 0001 843,477 5991039 0 5991039 0001 Y
1187 1 1 N N Y 1 0001 798,037 5991062 0 5991062 0001 Y
1188 1 1 N N Y 3 0001 1,597,868 5991146 0 5991146 0001 Y
1189 1 1 N N Y 3 0001 1,307,347 5991187 0 5991187 0001 Y
1190 1 1 N N Y 2 0001 1,632,731 5991203 0 5991203 0001 Y
1191 1 1 N N Y 2 0001 607,242 5991237 0 5991237 0001 Y
1192 1 1 N N Y 1 0001 376,606 5991260 0 5991260 0001 Y
1193 1 1 N N Y 2 0001 560,018 5991286 0 5991286 0001 Y
1194 1 1 N N Y 3 0001 1,138,559 5991302 0 5991302 0001 Y
1195 1 1 N N Y 3 0001 674,096 5991310 0 5991310 0001 Y
</TABLE>
D-60
<PAGE>
<TABLE>
<CAPTION>
Maximum Minimum Original
Loan-no City State Zip Index Margin Int rate Int rate Term
GROUP 1 LOANS
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
1196 5991336 RESTON VA 20190 01 3.000 12.875 3.000 360
1197 5991351 HICKORY NC 28601 01 3.000 12.375 3.000 360
1198 5991393 CHARLOTTE NC 28270 01 3.000 12.750 3.000 360
1199 5991435 BROOKLYN NY 11209 01 3.000 12.875 3.000 360
1200 5991476 MADISON NJ 7940 01 3.000 13.000 3.000 360
1201 5991500 POTOMAC MD 20854 01 3.000 12.875 3.000 360
1202 5991526 WILTON CT 6897 01 3.000 12.750 3.000 360
1203 5991559 ELLICOTT CI MD 21042 01 3.000 12.750 3.000 360
1204 5991658 BALTIMORE MD 21204 01 3.000 11.625 3.000 360
1205 5991666 GLOUCESTER NJ 8081 01 3.000 12.750 3.000 360
1206 5991682 WILTON CT 6897 01 3.000 12.750 3.000 360
1207 5991708 WILMINGTON NC 28405 01 3.000 11.500 3.000 360
1208 5991740 CHARLOTTE NC 28270 01 3.000 12.125 3.000 360
1209 5991799 LELAND NC 28451 01 3.000 12.750 3.000 360
1210 5991823 CENTREVILLE VA 20120 01 3.000 12.750 3.000 360
1211 5991856 CROWNSVILLE MD 21032 01 3.000 12.875 3.000 360
1212 5991880 CHAPEL HILL NC 27516 01 3.000 12.750 3.000 360
1213 5991898 HERNDON VA 20170 01 3.000 12.500 3.000 360
1214 5991906 ALEXANDRIA VA 22304 01 3.000 12.625 3.000 360
1215 5991922 FORT WASHIN MD 20744 01 3.000 12.500 3.000 360
1216 5991930 ROCKVILLE MD 20850 01 3.000 12.875 3.000 360
1217 5991948 CHARLOTTE NC 28209 01 3.000 12.625 3.000 360
1218 5991955 VIRGINIA BE VA 23454 01 3.000 12.750 3.000 360
1219 5991971 CHARLOTTE NC 28209 01 3.000 12.250 3.000 360
1220 5991997 CHARLOTTE NC 28215 01 3.000 12.625 3.000 360
1221 5992003 NEWTOWN CT 6470 01 3.000 12.625 3.000 360
1222 5992011 WILMINGTON NC 28403 01 3.000 12.750 3.000 360
1223 5992029 CANTON MI 48188 01 3.000 12.750 3.000 360
1224 5992037 ANN ARBOR MI 48103 01 3.000 12.625 3.000 360
1225 5992045 CHARLOTTESV VA 22902 01 3.000 12.125 3.000 360
1226 5992086 PARKTON MD 21120 01 3.000 12.875 3.000 360
1227 5992102 GAITHERSBUR MD 20879 01 3.000 12.875 3.000 360
1228 5992110 EDGEWATER MD 21037 01 3.000 12.875 3.000 360
1229 5992136 POTOMAC MD 20854 01 3.000 12.500 3.000 360
1230 5992151 GAITHERSBUR MD 20879 01 3.000 12.125 3.000 360
1231 5992219 DAVIDSONVIL MD 21035 01 3.000 12.750 3.000 360
1232 5992227 ROCKVILLE MD 20852 01 3.000 12.625 3.000 360
1233 5992284 POTOMAC MD 20854 01 3.000 12.875 3.000 360
1234 5992318 FALLS CHURC VA 22043 01 3.000 12.875 3.000 360
1235 5992334 SUWANEE GA 30174 01 3.000 12.000 3.000 360
1236 5992342 STAMFORD CT 6903 01 3.000 12.625 3.000 360
1237 5992359 MEDFORD NJ 8055 01 3.000 12.875 3.000 360
1238 5992383 VIENNA VA 22181 01 3.000 12.750 3.000 360
1239 5992391 SILVER SPRI MD 20905 01 3.000 12.875 3.000 360
1240 5992789 HIGH POINT NC 27265 01 3.000 12.375 3.000 360
1241 5992797 LORTON VA 22079 01 3.000 12.750 3.000 360
1242 5992805 ENGLEWOOD NJ 7631 01 3.000 12.875 3.000 360
1243 5992839 BROOKEVILLE MD 20833 01 3.000 12.500 3.000 360
1244 5992847 WESTBORO MA 1581 01 3.000 13.000 3.000 360
1245 5992862 MANALAPAN NJ 7726 01 3.000 12.875 3.000 360
1246 5992888 NEW CANAAN CT 6840 01 3.000 12.875 3.000 360
1247 5992938 RICHMOND VA 23233 01 3.000 12.625 3.000 360
1248 5992953 GERMANTOWN MD 20876 01 3.000 12.875 3.000 360
1249 5993001 WESTON MA 2193 01 3.000 12.625 3.000 360
1250 5993019 NEWTON MA 2158 01 3.000 12.750 3.000 360
1251 5993050 ADAMSTOWN MD 21710 01 3.000 12.750 3.000 360
1252 5993092 DARIEN CT 6820 01 3.000 12.625 3.000 360
1253 5993100 GAITHERSBUR MD 20878 01 3.000 12.625 3.000 360
1254 5993175 DAMASCUS MD 20872 01 3.000 12.750 3.000 360
1255 5993258 OAKTON VA 22124 01 3.000 12.875 3.000 360
</TABLE>
D-61
<PAGE>
<TABLE>
<CAPTION>
Original 03/01/98 Orig-
Remaining Principal Principal 1st due 03/01/98 inal Appraised Net
Term Bal Bal date p&i LTV Value Mtg Rate
GROUP 1 LOANS
<S> <C> <C> <C> <C> <C> <C> <C> <C>
1196 358 214,000.00 213,457.54 01/01/98 1,405.83 74.05 289,000.00 5.695
1197 358 252,500.00 251,794.64 01/01/98 1,575.28 86.32 292,500.00 5.195
1198 358 303,000.00 302,212.19 01/01/98 1,965.26 68.86 440,000.00 5.570
1199 358 218,500.00 217,991.71 03/01/98 1,435.39 95.00 230,000.00 5.695
1200 358 663,750.00 662,108.23 01/01/98 4,415.95 75.00 885,000.00 5.820
1201 358 562,500.00 561,074.15 01/01/98 3,695.23 75.00 750,000.00 5.695
1202 358 115,000.00 114,801.42 02/01/98 745.89 14.38 800,000.00 5.570
1203 358 352,500.00 351,891.30 02/01/98 2,286.31 61.30 575,000.00 5.570
1204 358 233,000.00 231,744.52 01/01/98 1,341.28 78.19 298,000.00 4.445
1205 359 163,000.00 162,668.24 02/01/98 1,057.22 94.98 171,622.00 5.570
1206 359 349,000.00 348,397.34 02/01/98 2,263.61 48.27 723,000.00 5.570
1207 357 117,000.00 116,614.02 01/01/98 664.32 79.59 147,000.00 4.320
1208 358 121,200.00 119,829.38 01/01/98 736.43 79.74 152,000.00 4.945
1209 358 112,100.00 111,808.81 01/01/98 727.08 95.00 118,000.00 5.570
1210 358 250,000.00 249,350.61 01/01/98 1,621.50 79.87 313,000.00 5.570
1211 357 408,950.00 407,563.86 12/01/97 2,686.51 78.95 518,000.00 5.695
1212 359 270,000.00 269,533.75 02/01/98 1,751.22 78.49 344,000.00 5.570
1213 359 92,088.00 91,921.05 02/01/98 582.06 68.72 134,000.00 5.320
1214 358 107,000.00 106,810.66 02/01/98 685.14 81.68 131,000.00 5.445
1215 358 155,000.00 154,577.33 01/01/98 979.71 87.08 178,000.00 5.320
1216 359 300,000.00 299,494.48 02/01/98 1,970.79 71.43 420,000.00 5.695
1217 358 131,900.00 131,548.93 01/01/98 844.58 79.99 164,900.00 5.445
1218 359 101,250.00 101,075.15 02/01/98 656.71 75.00 135,000.00 5.570
1219 359 274,850.00 274,327.06 02/01/98 1,692.30 80.00 343,580.00 5.070
1220 358 258,000.00 257,313.33 01/01/98 1,652.01 79.88 323,000.00 5.445
1221 358 185,000.00 182,485.46 01/01/98 1,184.58 73.41 252,000.00 5.445
1222 358 137,600.00 137,242.55 01/01/98 892.48 80.00 172,000.00 5.570
1223 359 184,000.00 183,682.25 02/01/98 1,193.43 85.78 214,500.00 5.570
1224 357 148,700.00 148,304.22 01/01/98 952.15 80.00 185,875.00 5.445
1225 357 162,000.00 161,525.22 01/01/98 984.33 93.78 172,745.00 4.945
1226 358 363,750.00 363,137.05 02/01/98 2,389.58 75.00 485,000.00 5.695
1227 358 245,000.00 244,378.96 01/01/98 1,609.48 79.03 310,000.00 5.695
1228 357 500,000.00 498,732.60 01/01/98 3,284.64 58.82 850,000.00 5.695
1229 358 576,000.00 574,429.36 01/01/98 3,640.72 79.45 725,000.00 5.320
1230 358 91,900.00 91,630.65 01/01/98 558.40 79.98 114,900.00 4.945
1231 358 380,000.00 379,012.93 01/01/98 2,464.68 79.92 475,500.00 5.570
1232 359 128,000.00 127,773.51 02/01/98 819.60 80.00 160,000.00 5.445
1233 359 252,000.00 251,575.35 02/01/98 1,655.47 42.00 600,000.00 5.695
1234 358 235,000.00 234,404.29 01/01/98 1,543.79 75.81 310,000.00 5.695
1235 357 102,900.00 102,591.14 01/01/98 616.94 76.22 135,000.00 4.820
1236 359 525,000.00 524,071.04 02/01/98 3,361.64 67.74 775,000.00 5.445
1237 359 88,100.00 87,951.54 02/01/98 578.76 56.84 155,000.00 5.695
1238 359 286,000.00 285,506.11 02/01/98 1,855.00 77.09 371,000.00 5.570
1239 359 154,000.00 153,740.48 02/01/98 1,011.68 80.00 192,500.00 5.695
1240 357 138,050.00 137,664.35 01/01/98 861.26 80.00 172,573.00 5.195
1241 359 133,200.00 132,969.97 02/01/98 863.94 90.00 148,000.00 5.570
1242 360 348,000.00 347,707.63 03/01/98 2,286.12 80.00 435,000.00 5.695
1243 357 240,000.00 239,060.03 01/01/98 1,516.97 80.00 300,000.00 5.320
1244 359 223,000.00 222,424.64 02/01/98 1,483.63 67.58 330,000.00 5.820
1245 360 279,400.00 279,165.27 03/01/98 1,835.46 89.98 310,500.00 5.695
1246 360 780,000.00 779,344.70 03/01/98 5,124.05 56.73 1,375,000.00 5.695
1247 357 167,000.00 166,555.54 01/01/98 1,069.32 62.78 266,000.00 5.445
1248 358 72,000.00 71,817.48 01/01/98 472.99 80.00 90,000.00 5.695
1249 359 625,000.00 623,894.10 02/01/98 4,001.95 70.22 890,000.00 5.445
1250 357 321,000.00 319,958.61 01/01/98 2,082.00 53.50 600,000.00 5.570
1251 357 153,500.00 153,101.28 01/01/98 995.60 79.95 192,000.00 5.570
1252 357 1,000,000.00 998,235.49 02/01/98 6,403.11 47.62 2,100,000.00 5.445
1253 359 368,000.00 367,348.84 02/01/98 2,356.35 80.00 460,000.00 5.445
1254 359 220,000.00 219,613.02 02/01/98 1,426.92 76.48 287,640.00 5.570
1255 359 264,000.00 263,555.13 02/01/98 1,734.30 74.37 355,000.00 5.695
</TABLE>
D-62
<PAGE>
<TABLE>
<CAPTION>
Lender
Property Paid CD pledge CD Convert- POOL-OUT
Type Occ MI (Y/N) Loan (Y/N) Amount ible Purp POOL-OUT
GROUP 1 LOANS
Loannum Outpool Conv-Y/N
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
1196 1 1 N N Y 2 0001 1,215,641 5991336 0 5991336 0001 Y
1197 1 1 N N Y 1 0001 1,308,073 5991351 0 5991351 0001 Y
1198 1 1 N N Y 3 0001 1,683,322 5991393 0 5991393 0001 Y
1199 1 1 N N Y 1 0001 1,241,463 5991435 0 5991435 0001 Y
1200 1 1 N N Y 3 0001 3,853,470 5991476 0 5991476 0001 Y
1201 1 1 N N Y 3 0001 3,195,317 5991500 0 5991500 0001 Y
1202 1 1 N N Y 3 0001 639,444 5991526 0 5991526 0001 Y
1203 1 1 N N Y 2 0001 1,960,035 5991559 0 5991559 0001 Y
1204 1 1 N N Y 2 0001 1,030,104 5991658 0 5991658 0001 Y
1205 1 1 N N Y 1 0001 906,062 5991666 0 5991666 0001 Y
1206 1 1 N N Y 2 0001 1,940,573 5991682 0 5991682 0001 Y
1207 1 1 N N Y 1 0001 503,773 5991708 0 5991708 0001 Y
1208 2 1 N N Y 2 0001 592,556 5991740 0 5991740 0001 Y
1209 1 1 N N Y 1 0001 622,775 5991799 0 5991799 0001 Y
1210 1 1 N N Y 3 0001 1,388,883 5991823 0 5991823 0001 Y
1211 1 1 N N Y 2 0001 2,321,076 5991856 0 5991856 0001 Y
1212 1 1 N N Y 2 0001 1,501,303 5991880 0 5991880 0001 Y
1213 2 1 N N Y 2 0001 489,020 5991898 0 5991898 0001 Y
1214 3 1 N N Y 2 0001 581,584 5991906 0 5991906 0001 Y
1215 1 1 N N Y 2 0001 822,351 5991922 0 5991922 0001 Y
1216 1 1 N N Y 2 0001 1,705,621 5991930 0 5991930 0001 Y
1217 1 1 N N Y 1 0001 716,284 5991948 0 5991948 0001 Y
1218 1 1 N N Y 2 0001 562,989 5991955 0 5991955 0001 Y
1219 3 1 N N Y 1 0001 1,390,838 5991971 0 5991971 0001 Y
1220 1 1 N N Y 2 0001 1,401,071 5991997 0 5991997 0001 Y
1221 1 1 N N Y 2 0001 993,633 5992003 0 5992003 0001 Y
1222 1 1 N N Y 3 0001 764,441 5992011 0 5992011 0001 Y
1223 1 1 N N Y 2 0001 1,023,110 5992029 0 5992029 0001 Y
1224 1 1 N N Y 1 0001 807,516 5992037 0 5992037 0001 Y
1225 1 1 N N Y 1 0001 798,742 5992045 0 5992045 0001 Y
1226 1 1 N N Y 3 0001 2,068,065 5992086 0 5992086 0001 Y
1227 1 1 N N Y 2 0001 1,391,738 5992102 0 5992102 0001 Y
1228 1 1 N N Y 3 0001 2,840,282 5992110 0 5992110 0001 Y
1229 1 1 N N Y 2 0001 3,055,964 5992136 0 5992136 0001 Y
1230 2 1 N N Y 1 0001 453,114 5992151 0 5992151 0001 Y
1231 1 1 N N Y 2 0001 2,111,102 5992219 0 5992219 0001 Y
1232 3 1 N N Y 2 0001 695,727 5992227 0 5992227 0001 Y
1233 1 1 N N Y 2 0001 1,432,722 5992284 0 5992284 0001 Y
1234 1 1 N N Y 2 0001 1,334,932 5992318 0 5992318 0001 Y
1235 1 1 N N Y 2 0001 494,489 5992334 0 5992334 0001 Y
1236 1 1 N N Y 2 0001 2,853,567 5992342 0 5992342 0001 Y
1237 1 1 N N Y 2 0001 500,884 5992359 0 5992359 0001 Y
1238 1 1 N N Y 2 0001 1,590,269 5992383 0 5992383 0001 Y
1239 1 1 N N Y 2 0001 875,552 5992391 0 5992391 0001 Y
1240 1 1 N N Y 1 0001 715,166 5992789 0 5992789 0001 Y
1241 2 1 N N Y 2 0001 740,643 5992797 0 5992797 0001 Y
1242 1 1 N N Y 1 0001 1,980,195 5992805 0 5992805 0001 Y
1243 1 1 N N Y 1 0001 1,271,799 5992839 0 5992839 0001 Y
1244 1 1 N N Y 2 0001 1,294,511 5992847 0 5992847 0001 Y
1245 1 1 N N Y 2 0001 1,589,846 5992862 0 5992862 0001 Y
1246 1 1 N N Y 2 0001 4,438,368 5992888 0 5992888 0001 Y
1247 1 1 N N Y 2 0001 906,895 5992938 0 5992938 0001 Y
1248 3 1 N N Y 3 0001 409,001 5992953 0 5992953 0001 Y
1249 1 1 N N Y 3 0001 3,397,103 5993001 0 5993001 0001 Y
1250 1 1 N N Y 2 0001 1,782,169 5993019 0 5993019 0001 Y
1251 1 1 N N Y 1 0001 852,774 5993050 0 5993050 0001 Y
1252 1 1 N N Y 2 0001 5,435,392 5993092 0 5993092 0001 Y
1253 1 1 N N Y 2 0001 2,000,214 5993100 0 5993100 0001 Y
1254 1 1 N N Y 2 0001 1,223,245 5993175 0 5993175 0001 Y
1255 1 1 N N Y 2 0001 1,500,946 5993258 0 5993258 0001 Y
</TABLE>
D-63
<PAGE>
<TABLE>
<CAPTION>
Maximum Minimum Original
Loan-no City State Zip Index Margin Int rate Int rate Term
GROUP 1 LOANS
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
1256 5993274 MARIETTA GA 30068 01 3.000 12.375 3.000 360
1257 5993290 BOSTON MA 2116 01 3.000 12.750 3.000 360
1258 5993308 RALEIGH NC 27606 01 3.000 12.750 3.000 360
1259 5993365 VIRGINIA BE VA 23462 01 3.000 12.125 3.000 360
1260 5993407 WILMINGTON NC 28405 01 3.000 12.875 3.000 360
1261 5993415 ORADELL NJ 7649 01 3.000 13.000 3.000 360
1262 5993431 STERLING VA 20165 01 3.000 12.375 3.000 360
1263 5993464 SILVER SPRI MD 20904 01 3.000 12.750 3.000 360
1264 5993480 DARIEN CT 6820 01 3.000 12.500 3.000 360
1265 5993548 MARIETTA GA 30068 01 3.000 12.750 3.000 360
1266 5993555 CHESAPEAKE VA 23322 01 3.000 12.250 3.000 360
1267 5993597 MEBANE NC 27302 01 3.000 12.750 3.000 360
1268 5993613 ALEXANDRIA VA 22301 01 3.000 12.250 3.000 360
1269 5993647 ALEXANDRIA VA 22315 01 3.000 12.750 3.000 360
1270 5993654 GLEN ALLEN VA 23060 01 3.000 12.875 3.000 360
1271 5993670 SILVER SPRI MD 20901 01 3.000 12.500 3.000 360
1272 5993738 FLOWERY BRA GA 30542 01 3.000 12.375 3.000 360
1273 5993753 COLONIAL HE VA 23834 01 3.000 12.625 3.000 360
1274 5993761 GREENSBORO NC 27410 01 3.000 12.750 3.000 360
1275 5993779 CARY NC 27513 01 3.000 12.750 3.000 360
1276 5993787 PETOSKEY MI 49770 01 3.000 12.750 3.000 360
1277 5993811 ROCKVILLE MD 20851 01 3.000 12.750 3.000 360
1278 5993902 FAIRFAX VA 22033 01 3.000 12.875 3.000 360
1279 5993910 ROSWELL GA 30075 01 3.000 12.250 3.000 360
1280 5993928 MANASSAS VA 20112 01 3.000 12.750 3.000 360
1281 5993944 MCLEAN VA 22102 01 3.000 12.625 3.000 360
1282 5993951 BURKE VA 22015 01 3.000 12.750 3.000 360
1283 5993977 GREAT FALLS VA 22066 01 3.000 12.375 3.000 360
1284 5994066 CHICAGO IL 60625 01 3.000 12.750 3.000 360
1285 5994074 EDGEWATER MD 21037 01 3.000 12.875 3.000 360
1286 5994132 WILMINGTON NC 28412 01 3.000 12.750 3.000 360
1287 5994157 WASHINGTON DC 20015 01 3.000 12.750 3.000 360
1288 5994173 WILMINGTON NC 28409 01 3.000 12.875 3.000 360
1289 5994223 BETHESDA MD 20817 01 3.000 12.875 3.000 360
1290 5994231 BETHESDA MD 20817 01 3.000 12.250 3.000 360
1291 5994249 DARIEN CT 6820 01 3.000 12.625 3.000 360
1292 5994256 NEW CANAAN CT 6840 01 3.000 12.500 3.000 360
1293 5994306 STERLING VA 20165 01 3.000 12.875 3.000 360
1294 5994314 ALEXANDRIA VA 22301 01 3.000 12.625 3.000 360
1295 5994322 COLUMBIA MD 21044 01 3.000 12.375 3.000 360
1296 5994355 MILLERSVILL MD 21108 01 3.000 12.625 3.000 360
1297 5994405 FAYETTEVILL GA 30214 01 3.000 12.500 3.000 360
1298 5994439 CLARKSVILLE VA 23927 01 3.000 12.125 3.000 360
1299 5994587 CORNELIUS NC 28031 01 3.000 12.625 3.000 360
1300 5994629 JOPPATOWNE MD 21085 01 3.000 12.375 3.000 360
1301 5994678 WOODBRIDGE VA 22193 01 3.000 12.125 3.000 360
1302 5994751 CHICAGO IL 60647 01 3.000 12.875 3.000 360
1303 5994827 DUMFRIES VA 22026 01 3.000 11.625 3.000 360
1304 5994850 DURHAM NC 27701 01 3.000 12.500 3.000 360
1305 5994876 WASHINGTON DC 20002 01 3.000 12.500 3.000 360
1306 5994918 WASHINGTON NJ 7675 01 3.000 13.125 3.000 360
1307 5994959 KENSINGTON MD 20895 01 3.000 12.500 3.000 360
1308 5995030 BALTIMORE MD 21230 01 3.000 12.250 3.000 360
1309 5995162 HUNTERSVILL NC 28078 01 3.000 12.625 3.000 360
1310 5995188 CENTREVILLE VA 20120 01 3.000 12.375 3.000 360
1311 5995196 SPARKS MD 21152 01 3.000 12.875 3.000 360
1312 5995238 TERRILL NC 28682 01 3.000 12.125 3.000 360
1313 5995261 BALTIMORE MD 21244 01 3.000 12.375 3.000 360
1314 5995352 COLUMBIA MD 21044 01 3.000 13.000 3.000 360
1315 5995360 BOXFORD MA 1921 01 3.000 13.000 3.000 360
</TABLE>
D-64
<PAGE>
<TABLE>
<CAPTION>
Original 03/01/98 Orig-
Remaining Principal Principal 1st due 03/01/98 inal Appraised Net
Term Bal Bal date p&i LTV Value Mtg Rate
GROUP 1 LOANS
<S> <C> <C> <C> <C> <C> <C> <C> <C>
1256 358 195,000.00 194,304.49 01/01/98 1,216.55 79.92 244,000.00 5.195
1257 359 206,000.00 205,644.26 02/01/98 1,336.12 60.59 340,000.00 5.570
1258 358 132,000.00 131,657.13 01/01/98 856.15 80.00 165,000.00 5.570
1259 358 82,900.00 82,455.51 01/01/98 503.71 74.02 112,000.00 4.945
1260 359 280,000.00 279,528.17 02/01/98 1,839.41 80.00 350,000.00 5.695
1261 359 375,000.00 374,383.43 02/01/98 2,494.89 89.93 417,000.00 5.820
1262 358 155,000.00 154,567.02 01/01/98 967.00 83.78 185,000.00 5.195
1263 359 210,500.00 210,136.50 02/01/98 1,365.30 79.43 265,000.00 5.570
1264 359 530,000.00 529,039.13 02/01/98 3,349.97 64.63 820,000.00 5.320
1265 358 99,250.00 98,992.18 01/01/98 643.74 53.65 185,000.00 5.570
1266 358 145,900.00 144,979.91 01/01/98 898.34 94.99 153,600.00 5.070
1267 358 146,400.00 146,019.72 01/01/98 949.55 80.00 183,000.00 5.570
1268 358 438,000.00 436,707.99 01/01/98 2,696.85 74.87 585,000.00 5.070
1269 359 167,400.00 167,110.92 02/01/98 1,085.76 90.00 186,000.00 5.570
1270 359 429,000.00 428,277.10 02/01/98 2,818.23 78.00 550,000.00 5.695
1271 359 132,000.00 131,760.69 02/01/98 834.33 80.00 165,000.00 5.320
1272 358 97,600.00 97,327.36 01/01/98 608.90 80.00 122,000.00 5.195
1273 358 89,600.00 89,441.46 02/01/98 573.72 80.00 112,000.00 5.445
1274 357 130,500.00 130,160.99 01/01/98 846.43 79.09 165,000.00 5.570
1275 358 126,800.00 126,470.62 01/01/98 822.43 80.00 158,500.00 5.570
1276 359 150,000.00 149,740.97 02/01/98 972.90 73.17 205,000.00 5.570
1277 359 121,000.00 120,791.05 02/01/98 784.81 75.16 161,000.00 5.570
1278 359 339,200.00 334,404.35 02/01/98 2,228.31 76.22 445,000.00 5.695
1279 358 146,250.00 145,831.52 01/01/98 900.49 75.00 195,000.00 5.070
1280 359 204,800.00 204,446.35 02/01/98 1,328.33 80.00 256,000.00 5.570
1281 359 605,000.00 604,466.21 03/01/98 3,873.89 57.62 1,050,000.00 5.445
1282 359 124,700.00 124,402.19 02/01/98 808.81 79.94 156,000.00 5.570
1283 358 480,000.00 478,659.16 01/01/98 2,994.58 73.85 650,000.00 5.195
1284 359 169,000.00 167,278.44 02/01/98 1,096.14 70.42 240,000.00 5.570
1285 358 194,600.00 193,995.32 01/01/98 1,278.38 95.00 204,850.00 5.695
1286 360 181,000.00 180,844.15 03/01/98 1,173.97 77.02 235,000.00 5.570
1287 359 600,000.00 598,963.91 02/01/98 3,891.59 74.07 810,000.00 5.570
1288 358 68,400.00 68,176.05 01/01/98 449.34 95.00 72,000.00 5.695
1289 359 320,000.00 319,460.76 02/01/98 2,102.18 80.00 400,000.00 5.695
1290 357 193,000.00 189,224.99 01/01/98 1,188.34 64.33 300,000.00 5.070
1291 359 500,000.00 499,115.28 02/01/98 3,201.56 24.15 2,070,000.00 5.445
1292 359 536,000.00 535,028.26 02/01/98 3,387.89 74.97 715,000.00 5.320
1293 359 225,000.00 224,512.06 02/01/98 1,478.09 75.00 300,000.00 5.695
1294 359 320,000.00 319,433.78 02/01/98 2,049.00 80.00 400,000.00 5.445
1295 357 157,500.00 157,060.02 01/01/98 982.60 89.49 176,000.00 5.195
1296 358 286,650.00 286,142.78 02/01/98 1,835.46 72.57 395,000.00 5.445
1297 358 134,200.00 133,834.06 01/01/98 848.24 86.58 155,000.00 5.320
1298 359 86,000.00 85,832.39 02/01/98 522.55 80.00 107,500.00 4.945
1299 359 545,000.00 544,035.65 02/01/98 3,489.70 54.66 997,000.00 5.445
1300 357 170,950.00 170,472.46 01/01/98 1,066.51 94.98 179,990.00 5.195
1301 359 240,000.00 239,532.27 02/01/98 1,458.27 75.00 320,000.00 4.945
1302 359 137,750.00 137,517.88 02/01/98 904.92 95.00 145,000.00 5.695
1303 359 132,000.00 131,674.72 02/01/98 698.56 80.00 165,000.00 3.695
1304 358 200,000.00 199,454.63 01/01/98 1,264.14 78.43 255,000.00 5.320
1305 359 227,200.00 226,788.10 02/01/98 1,436.06 80.00 284,000.00 5.320
1306 359 172,000.00 171,724.08 02/01/98 1,158.80 80.00 215,000.00 5.945
1307 360 336,000.00 335,696.25 03/01/98 2,123.75 80.00 420,000.00 5.320
1308 358 177,650.00 177,141.65 01/01/98 1,093.83 95.00 187,000.00 5.070
1309 358 193,500.00 192,985.01 01/01/98 1,239.00 75.00 258,000.00 5.445
1310 359 182,300.00 181,961.40 02/01/98 1,137.32 78.24 233,000.00 5.195
1311 359 488,000.00 487,177.67 02/01/98 3,205.82 74.50 655,000.00 5.695
1312 358 199,200.00 198,811.77 02/01/98 1,210.37 79.71 249,900.00 4.945
1313 358 116,500.00 116,174.57 01/01/98 726.81 88.93 131,000.00 5.195
1314 357 412,000.00 410,980.92 01/01/98 2,741.05 80.00 515,000.00 5.820
1315 359 332,250.00 331,703.72 02/01/98 2,210.47 75.00 443,000.00 5.820
</TABLE>
D-65
<PAGE>
<TABLE>
<CAPTION>
Lender
Property Paid CD pledge CD Convert- POOL-OUT
Type Occ MI (Y/N) Loan (Y/N) Amount ible Purp POOL-OUT
GROUP 1 LOANS
Loannum Outpool Conv-Y/N
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
1256 1 1 N N Y 3 0001 1,009,412 5993274 0 5993274 0001 Y
1257 3 1 N N Y 3 0001 1,145,439 5993290 0 5993290 0001 Y
1258 1 1 N N Y 3 0001 733,330 5993308 0 5993308 0001 Y
1259 1 1 N N Y 2 0001 407,742 5993365 0 5993365 0001 Y
1260 1 1 N N Y 3 0001 1,591,913 5993407 0 5993407 0001 Y
1261 1 1 N N Y 2 0001 2,178,912 5993415 0 5993415 0001 Y
1262 1 1 N N Y 2 0001 802,976 5993431 0 5993431 0001 Y
1263 1 1 N N Y 2 0001 1,170,460 5993464 0 5993464 0001 Y
1264 1 1 N N Y 1 0001 2,814,488 5993480 0 5993480 0001 Y
1265 1 1 N N Y 2 0001 551,386 5993548 0 5993548 0001 Y
1266 1 1 N N Y 1 0001 735,048 5993555 0 5993555 0001 Y
1267 1 1 N N Y 3 0001 813,330 5993597 0 5993597 0001 Y
1268 1 1 N N Y 3 0001 2,214,110 5993613 0 5993613 0001 Y
1269 2 1 N N Y 2 0001 930,808 5993647 0 5993647 0001 Y
1270 1 1 N N Y 2 0001 2,439,038 5993654 0 5993654 0001 Y
1271 1 1 N N Y 1 0001 700,967 5993670 0 5993670 0001 Y
1272 1 1 N N Y 2 0001 505,616 5993738 0 5993738 0001 Y
1273 1 1 N N Y 2 0001 487,009 5993753 0 5993753 0001 Y
1274 1 1 N N Y 2 0001 724,997 5993761 0 5993761 0001 Y
1275 1 1 N N Y 2 0001 704,441 5993779 0 5993779 0001 Y
1276 1 1 N N Y 2 0001 834,057 5993787 0 5993787 0001 Y
1277 1 1 N N Y 2 0001 672,806 5993811 0 5993811 0001 Y
1278 1 1 N N Y 2 0001 1,904,433 5993902 0 5993902 0001 Y
1279 1 1 N N Y 3 0001 739,366 5993910 0 5993910 0001 Y
1280 1 1 N N Y 2 0001 1,138,766 5993928 0 5993928 0001 Y
1281 1 1 N N Y 2 0001 3,291,319 5993944 0 5993944 0001 Y
1282 1 1 N N Y 2 0001 692,920 5993951 0 5993951 0001 Y
1283 1 1 N N Y 2 0001 2,486,634 5993977 0 5993977 0001 Y
1284 1 1 N N Y 2 0001 931,741 5994066 0 5994066 0001 Y
1285 1 1 N N Y 1 0001 1,104,803 5994074 0 5994074 0001 Y
1286 1 1 N N Y 2 0001 1,007,302 5994132 0 5994132 0001 Y
1287 1 1 N N Y 3 0001 3,336,229 5994157 0 5994157 0001 Y
1288 1 1 N N Y 1 0001 388,263 5994173 0 5994173 0001 Y
1289 1 1 N N Y 2 0001 1,819,329 5994223 0 5994223 0001 Y
1290 1 1 N N Y 2 0001 959,371 5994231 0 5994231 0001 Y
1291 1 1 N N Y 2 0001 2,717,683 5994249 0 5994249 0001 Y
1292 1 1 N N Y 3 0001 2,846,350 5994256 0 5994256 0001 Y
1293 1 1 N N Y 3 0001 1,278,596 5994306 0 5994306 0001 Y
1294 1 1 N N Y 1 0001 1,739,317 5994314 0 5994314 0001 Y
1295 1 1 N N Y 2 0001 815,927 5994322 0 5994322 0001 Y
1296 1 1 N N Y 2 0001 1,558,047 5994355 0 5994355 0001 Y
1297 1 1 N N Y 2 0001 711,997 5994405 0 5994405 0001 Y
1298 3 1 N N Y 1 0001 424,441 5994439 0 5994439 0001 Y
1299 1 1 N N Y 2 0001 2,962,274 5994587 0 5994587 0001 Y
1300 1 1 N N Y 1 0001 885,604 5994629 0 5994629 0001 Y
1301 1 1 N N Y 3 0001 1,184,487 5994678 0 5994678 0001 Y
1302 3 1 N N Y 1 0001 783,164 5994751 0 5994751 0001 Y
1303 1 1 N N Y 2 0001 486,538 5994827 0 5994827 0001 Y
1304 1 1 N N Y 2 0001 1,061,099 5994850 0 5994850 0001 Y
1305 1 1 N N Y 2 0001 1,206,513 5994876 0 5994876 0001 Y
1306 1 1 N N Y 3 0001 1,020,900 5994918 0 5994918 0001 Y
1307 1 1 N N Y 1 0001 1,785,904 5994959 0 5994959 0001 Y
1308 2 1 N N Y 1 0001 898,108 5995030 0 5995030 0001 Y
1309 1 1 N N Y 2 0001 1,050,803 5995162 0 5995162 0001 Y
1310 1 1 N N Y 2 0001 945,289 5995188 0 5995188 0001 Y
1311 1 1 N N Y 3 0001 2,774,477 5995196 0 5995196 0001 Y
1312 1 1 N N Y 1 0001 983,124 5995238 0 5995238 0001 Y
1313 2 1 N N Y 2 0001 603,527 5995261 0 5995261 0001 Y
1314 1 1 N N Y 3 0001 2,391,909 5995352 0 5995352 0001 Y
1315 1 1 N N Y 3 0001 1,930,516 5995360 0 5995360 0001 Y
</TABLE>
D-66
<PAGE>
<TABLE>
<CAPTION>
Maximum Minimum Original
Loan-no City State Zip Index Margin Int rate Int rate Term
GROUP 1 LOANS
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
1316 5995402 KERNERSVILL NC 27284 01 3.000 12.250 3.000 360
1317 5995642 ATLANTA GA 30327 01 3.000 12.625 3.000 360
1318 5995659 FALLS CHURC VA 22042 01 3.000 12.375 3.000 360
1319 5995667 WASHINGTON DC 20007 01 3.000 12.875 3.000 360
1320 5995683 UPPER MARLB MD 20774 01 3.000 12.500 3.000 360
1321 5995691 AUSTIN TX 78759 01 3.000 12.750 3.000 360
1322 5995709 VIENNA VA 22182 01 3.000 12.125 3.000 360
1323 5995725 GREAT FALLS VA 22066 01 3.000 12.750 3.000 360
1324 5995733 CORNELIUS NC 28031 01 3.000 12.125 3.000 360
1325 5995766 ELLICOTT CI MD 21043 01 3.000 12.875 3.000 360
1326 5995782 WESTON CT 6883 01 3.000 12.750 3.000 360
1327 5995824 POINT PLEAS NJ 8742 01 3.000 12.750 3.000 360
1328 5995832 N POTOMAC MD 20878 01 3.000 12.875 3.000 360
1329 5995840 KENSINGTON MD 20895 01 3.000 12.875 3.000 360
1330 5995865 CHARLOTTE NC 28210 01 3.000 12.125 3.000 360
1331 5995873 MOORESVILLE NC 28115 01 3.000 12.125 3.000 360
1332 5995881 COLFOX NC 27235 01 3.000 12.125 3.000 360
1333 5995899 SOMERSET NJ 8873 01 3.000 12.750 3.000 360
1334 5995923 BEL AIR MD 21014 01 3.000 12.625 3.000 360
1335 5995956 KING NC 27021 01 3.000 12.875 3.000 360
1336 5995964 GAITHERSBUR MD 20879 01 3.000 13.000 3.000 360
1337 5995998 CROFTON MD 21114 01 3.000 12.250 3.000 360
1338 5996053 ALEXANDRIA VA 22302 01 3.000 12.125 3.000 360
1339 5996061 VINELAND NJ 8360 01 3.000 13.125 3.000 360
1340 5996087 SIMPSONVILL SC 29680 01 3.000 12.375 3.000 360
1341 5996111 BURTONSVILL MD 20866 01 3.000 12.875 3.000 360
1342 5996129 COCKEYSVILL MD 21030 01 3.000 12.875 3.000 360
1343 5996137 FORT WASHIN MD 20744 01 3.000 12.375 3.000 360
1344 5996178 WELLESLEY MA 2181 01 3.000 12.750 3.000 360
1345 5996202 HINGHAM MA 2043 01 3.000 12.750 3.000 360
1346 5996210 BOWIE MD 20715 01 3.000 12.625 3.000 360
1347 5996228 GREAT FALLS VA 22066 01 3.000 12.375 3.000 360
1348 5996269 CHEVY CHASE MD 20815 01 3.000 12.875 3.000 360
1349 5996285 GUILFORD CT 6437 01 3.000 12.875 3.000 360
1350 5996293 RALEIGH NC 27613 01 3.000 12.625 3.000 360
1351 5996467 BOWIE MD 20715 01 3.000 12.750 3.000 360
1352 5996475 WILMINGTON NC 28405 01 3.000 12.500 3.000 360
1353 5996483 VIENNA VA 22182 01 3.000 12.875 3.000 360
1354 5996509 OSSINING NY 10562 01 3.000 12.750 3.000 360
1355 5996574 ALEXANDRIA VA 22314 01 3.000 12.750 3.000 360
1356 5996764 VIENNA VA 22181 01 3.000 12.625 3.000 360
1357 5996863 WINSTON-SAL NC 27107 01 3.000 12.500 3.000 360
1358 5996897 MONTVILLE NJ 7045 01 3.000 13.000 3.000 360
1359 5997077 NEW CARROLL MD 20784 01 3.000 12.750 3.000 360
1360 5997085 ARLINGTON VA 22205 01 3.000 13.000 3.000 360
1361 5997093 SUMMERFIELD NC 27358 01 3.000 12.750 3.000 360
1362 5997101 COLUMBIA MD 21044 01 3.000 12.875 3.000 360
1363 5997119 BARTLETT IL 60103 01 3.000 13.000 3.000 360
1364 5997127 STERLING VA 20165 01 3.000 13.000 3.000 360
1365 5997176 FAIRFAX VA 22032 01 3.000 12.875 3.000 360
1366 5997184 OAKTON VA 22124 01 3.000 13.000 3.000 360
1367 5997200 MARRIOTSVIL MD 21104 01 3.000 12.875 3.000 360
1368 5997218 MONROE CT 6468 01 3.000 12.625 3.000 360
1369 5997226 LONG BRANCH NJ 7740 01 3.000 12.875 3.000 360
1370 5997259 RIVA MD 21140 01 3.000 12.750 3.000 360
1371 5997267 WASHINGTON DC 20009 01 3.000 13.000 3.000 360
1372 5997275 WESTMINSTER MD 21158 01 3.000 12.875 3.000 360
1373 5997291 BETHESDA MD 20817 01 3.000 12.625 3.000 360
1374 5997341 CORNELIUS NC 28031 01 3.000 13.000 3.000 360
1375 5997416 WARREN NJ 7059 01 3.000 12.875 3.000 360
</TABLE>
D-67
<PAGE>
<TABLE>
<CAPTION>
Original 03/01/98 Orig-
Remaining Principal Principal 1st due 03/01/98 inal Appraised Net
Term Bal Bal date p&i LTV Value Mtg Rate
GROUP 1 LOANS
<S> <C> <C> <C> <C> <C> <C> <C> <C>
1316 359 94,500.00 94,305.88 02/01/98 581.86 75.00 126,000.00 5.070
1317 359 500,000.00 499,115.28 02/01/98 3,201.56 58.82 850,000.00 5.445
1318 359 135,000.00 134,749.25 02/01/98 842.23 74.59 181,000.00 5.195
1319 359 272,000.00 271,541.65 02/01/98 1,786.85 80.00 340,000.00 5.695
1320 358 112,500.00 112,193.23 01/01/98 711.08 67.37 167,000.00 5.320
1321 359 197,500.00 197,158.94 02/01/98 1,280.99 79.96 247,000.00 5.570
1322 359 433,800.00 432,899.63 02/01/98 2,635.82 79.99 542,299.00 4.945
1323 358 247,000.00 246,358.42 01/01/98 1,602.04 79.42 311,000.00 5.570
1324 359 191,400.00 191,026.99 02/01/98 1,162.97 89.99 212,700.00 4.945
1325 359 242,950.00 242,540.61 02/01/98 1,596.01 79.40 306,000.00 5.695
1326 359 455,000.00 454,214.29 02/01/98 2,951.13 60.67 750,000.00 5.570
1327 359 103,500.00 103,321.28 02/01/98 671.30 90.00 115,000.00 5.570
1328 359 240,000.00 239,595.58 02/01/98 1,576.63 87.27 275,000.00 5.695
1329 359 284,000.00 283,496.29 02/01/98 1,865.68 80.00 355,000.00 5.695
1330 359 120,950.00 120,714.28 02/01/98 734.91 79.99 151,200.00 4.945
1331 359 150,000.00 149,707.67 02/01/98 911.42 52.08 288,000.00 4.945
1332 359 180,000.00 178,166.68 02/01/98 1,093.70 78.26 230,000.00 4.945
1333 359 140,000.00 139,479.46 03/01/98 908.04 72.54 193,000.00 5.570
1334 357 98,000.00 97,739.15 01/01/98 627.51 78.71 124,506.00 5.445
1335 359 87,400.00 87,252.72 02/01/98 574.16 95.00 92,000.00 5.695
1336 359 256,000.00 255,579.08 02/01/98 1,703.18 72.11 355,000.00 5.820
1337 360 211,500.00 211,299.31 03/01/98 1,302.25 79.66 265,500.00 5.070
1338 358 235,800.00 235,058.66 01/01/98 1,432.75 90.00 262,000.00 4.945
1339 357 119,343.00 119,054.97 01/01/98 804.04 95.00 125,625.00 5.945
1340 358 117,850.00 117,520.78 01/01/98 735.24 94.96 124,105.00 5.195
1341 359 114,000.00 113,807.91 02/01/98 748.90 80.00 142,500.00 5.695
1342 359 245,000.00 244,587.16 02/01/98 1,609.48 78.53 312,000.00 5.695
1343 358 162,750.00 162,447.72 02/01/98 1,015.35 75.00 217,000.00 5.195
1344 358 551,200.00 550,248.17 02/01/98 3,575.08 80.00 689,000.00 5.570
1345 360 369,500.00 369,181.87 03/01/98 2,396.57 64.88 569,500.00 5.570
1346 358 179,500.00 179,182.39 02/01/98 1,149.36 79.78 225,000.00 5.445
1347 357 295,000.00 294,175.95 01/01/98 1,840.42 64.13 460,000.00 5.195
1348 359 495,000.00 494,165.89 02/01/98 3,251.80 63.46 780,000.00 5.695
1349 359 301,600.00 301,091.79 02/01/98 1,981.30 82.63 365,000.00 5.695
1350 359 131,300.00 131,067.68 02/01/98 840.73 89.99 145,900.00 5.445
1351 359 117,000.00 116,797.97 02/01/98 758.86 65.00 180,000.00 5.570
1352 358 104,000.00 103,811.43 02/01/98 657.36 94.98 109,500.00 5.320
1353 358 168,000.00 167,574.12 01/01/98 1,103.65 29.47 570,000.00 5.695
1354 360 195,000.00 194,832.10 03/01/98 1,264.77 75.00 260,000.00 5.570
1355 359 176,250.00 175,945.64 02/01/98 1,143.16 75.00 235,000.00 5.570
1356 358 345,000.00 344,081.78 01/01/98 2,209.08 61.06 565,000.00 5.445
1357 358 111,800.00 111,597.30 02/01/98 706.66 94.99 117,700.00 5.320
1358 359 528,000.00 527,131.88 02/01/98 3,512.80 78.81 670,000.00 5.820
1359 358 115,000.00 114,701.29 01/01/98 745.89 79.86 144,000.00 5.570
1360 359 378,000.00 377,378.49 02/01/98 2,514.85 72.00 525,000.00 5.820
1361 358 125,250.00 124,924.65 01/01/98 812.37 89.97 139,217.00 5.570
1362 359 169,100.00 168,815.05 02/01/98 1,110.87 58.92 287,000.00 5.695
1363 360 311,000.00 310,745.07 03/01/98 2,069.10 79.74 390,000.00 5.820
1364 359 244,800.00 244,397.49 02/01/98 1,628.67 80.00 306,000.00 5.820
1365 358 175,200.00 174,755.90 01/01/98 1,150.94 80.00 219,000.00 5.695
1366 359 237,000.00 236,107.41 02/01/98 1,576.77 77.20 307,000.00 5.820
1367 359 411,500.00 410,806.58 02/01/98 2,703.27 78.38 525,000.00 5.695
1368 359 290,000.00 287,464.54 03/01/98 1,856.91 79.67 364,000.00 5.445
1369 358 111,500.00 111,217.36 01/01/98 732.48 89.99 123,900.00 5.695
1370 359 252,000.00 251,564.84 02/01/98 1,634.47 80.00 315,000.00 5.570
1371 359 600,000.00 598,510.57 02/01/98 3,991.82 75.00 800,000.00 5.820
1372 360 211,200.00 211,022.56 03/01/98 1,387.44 89.99 234,700.00 5.695
1373 358 460,000.00 459,186.04 02/01/98 2,945.44 70.77 650,000.00 5.445
1374 358 99,450.00 99,286.47 02/01/98 661.65 90.00 110,500.00 5.820
1375 360 270,000.00 269,773.16 03/01/98 1,773.71 51.43 525,000.00 5.695
</TABLE>
D-68
<PAGE>
<TABLE>
<CAPTION>
Lender
Property Paid CD pledge CD Convert- POOL-OUT
Type Occ MI (Y/N) Loan (Y/N) Amount ible Purp POOL-OUT
GROUP 1 LOANS
Loannum Outpool Conv-Y/N
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
1316 1 1 N N Y 2 0001 478,131 5995402 0 5995402 0001 Y
1317 1 1 N N Y 3 0001 2,717,683 5995642 0 5995642 0001 Y
1318 1 1 N N Y 3 0001 700,022 5995659 0 5995659 0001 Y
1319 2 1 N N Y 2 0001 1,546,430 5995667 0 5995667 0001 Y
1320 1 1 N N Y 2 0001 596,868 5995683 0 5995683 0001 Y
1321 1 1 N N Y 2 0001 1,098,175 5995691 0 5995691 0001 Y
1322 1 1 N N Y 1 0001 2,140,689 5995709 0 5995709 0001 Y
1323 1 1 N N Y 2 0001 1,372,216 5995725 0 5995725 0001 Y
1324 1 1 N N Y 1 0001 944,628 5995733 0 5995733 0001 Y
1325 1 1 N N Y 2 0001 1,381,269 5995766 0 5995766 0001 Y
1326 1 1 N N Y 2 0001 2,529,974 5995782 0 5995782 0001 Y
1327 1 1 N N Y 1 0001 575,500 5995824 0 5995824 0001 Y
1328 1 1 N N Y 2 0001 1,364,497 5995832 0 5995832 0001 Y
1329 1 1 N N Y 2 0001 1,614,511 5995840 0 5995840 0001 Y
1330 1 1 N N Y 1 0001 596,932 5995865 0 5995865 0001 Y
1331 1 1 N N Y 3 0001 740,304 5995873 0 5995873 0001 Y
1332 1 1 N N Y 2 0001 881,034 5995881 0 5995881 0001 Y
1333 1 1 N N Y 3 0001 776,901 5995899 0 5995899 0001 Y
1334 2 1 N N Y 1 0001 532,190 5995923 0 5995923 0001 Y
1335 1 1 N N Y 1 0001 496,904 5995956 0 5995956 0001 Y
1336 1 1 N N Y 2 0001 1,487,470 5995964 0 5995964 0001 Y
1337 1 1 N N Y 2 0001 1,071,288 5995998 0 5995998 0001 Y
1338 1 1 N N Y 1 0001 1,162,365 5996053 0 5996053 0001 Y
1339 1 1 N N Y 1 0001 707,782 5996061 0 5996061 0001 Y
1340 1 1 N N Y 1 0001 610,520 5996087 0 5996087 0001 Y
1341 1 1 N N Y 2 0001 648,136 5996111 0 5996111 0001 Y
1342 1 1 N N Y 2 0001 1,392,924 5996129 0 5996129 0001 Y
1343 1 1 N N Y 3 0001 843,916 5996137 0 5996137 0001 Y
1344 1 1 N N Y 1 0001 3,064,882 5996178 0 5996178 0001 Y
1345 1 1 N N Y 1 0001 2,056,343 5996202 0 5996202 0001 Y
1346 1 1 N N Y 2 0001 975,648 5996210 0 5996210 0001 Y
1347 1 1 N N Y 3 0001 1,528,244 5996228 0 5996228 0001 Y
1348 3 1 N N Y 2 0001 2,814,275 5996269 0 5996269 0001 Y
1349 1 1 N N Y 2 0001 1,714,718 5996285 0 5996285 0001 Y
1350 1 1 N N Y 1 0001 713,664 5996293 0 5996293 0001 Y
1351 1 1 N N Y 3 0001 650,565 5996467 0 5996467 0001 Y
1352 1 1 N N Y 1 0001 552,277 5996475 0 5996475 0001 Y
1353 1 1 N N Y 2 0001 954,335 5996483 0 5996483 0001 Y
1354 1 1 N N Y 2 0001 1,085,215 5996509 0 5996509 0001 Y
1355 3 1 N N Y 2 0001 980,017 5996574 0 5996574 0001 Y
1356 1 1 N N Y 2 0001 1,873,525 5996764 0 5996764 0001 Y
1357 1 1 N N Y 1 0001 593,698 5996863 0 5996863 0001 Y
1358 1 1 N N Y 2 0001 3,067,908 5996897 0 5996897 0001 Y
1359 1 1 N N Y 2 0001 638,886 5997077 0 5997077 0001 Y
1360 1 1 N N Y 3 0001 2,196,343 5997085 0 5997085 0001 Y
1361 1 1 N N Y 1 0001 695,830 5997093 0 5997093 0001 Y
1362 1 1 N N Y 2 0001 961,402 5997101 0 5997101 0001 Y
1363 1 1 N N Y 2 0001 1,808,536 5997119 0 5997119 0001 Y
1364 1 1 N N Y 2 0001 1,422,393 5997127 0 5997127 0001 Y
1365 1 1 N N Y 2 0001 995,235 5997176 0 5997176 0001 Y
1366 2 1 N N Y 2 0001 1,374,145 5997184 0 5997184 0001 Y
1367 1 1 N N Y 2 0001 2,339,543 5997200 0 5997200 0001 Y
1368 1 1 N N Y 2 0001 1,565,244 5997218 0 5997218 0001 Y
1369 3 1 N N Y 1 0001 633,383 5997226 0 5997226 0001 Y
1370 1 1 N N Y 3 0001 1,401,216 5997259 0 5997259 0001 Y
1371 1 1 N N Y 3 0001 3,483,332 5997267 0 5997267 0001 Y
1372 1 1 N N Y 2 0001 1,201,773 5997275 0 5997275 0001 Y
1373 1 1 N N Y 3 0001 2,500,268 5997291 0 5997291 0001 Y
1374 3 1 N N Y 1 0001 577,847 5997341 0 5997341 0001 Y
1375 1 1 N N Y 2 0001 1,536,358 5997416 0 5997416 0001 Y
</TABLE>
D-69
<PAGE>
<TABLE>
<CAPTION>
Maximum Minimum Original
Loan-no City State Zip Index Margin Int rate Int rate Term
GROUP 1 LOANS
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
1376 5997473 VALRICO FL 33594 01 3.000 12.875 3.000 360
1377 5997515 BEL AIR MD 21015 01 3.000 12.750 3.000 360
1378 5997523 HILLSBOROUG NC 27278 01 3.000 13.000 3.000 360
1379 5997564 LEWISVILLE NC 27023 01 3.000 12.375 3.000 360
1380 5997606 CHEVY CHASE MD 20815 01 3.000 13.000 3.000 360
1381 5997713 PALMYRA PA 17078 01 3.000 12.625 3.000 360
1382 5997788 GAITHERSBUR MD 20877 01 3.000 12.750 3.000 360
1383 5997796 GAITHERSBUR MD 20878 01 3.000 12.750 3.000 360
1384 5997812 SOUTHPORT CT 6490 01 3.000 12.875 3.000 360
1385 5997887 WILMINGTON NC 28403 01 3.000 12.875 3.000 360
1386 5997895 POTOMAC MD 20854 01 3.000 12.250 3.000 360
1387 5997911 NORTH POTOM MD 20878 01 3.000 11.875 3.000 360
1388 5997937 CENTREVILLE VA 20121 01 3.000 13.000 3.000 360
1389 5997960 CHICAGO IL 60610 01 3.000 12.750 3.000 360
1390 5997978 ANNAPOLIS MD 21401 01 3.000 12.875 3.000 360
1391 5998026 MILTON DE 19968 01 3.000 12.625 3.000 360
1392 5998059 FAIRFAX VA 22033 01 3.000 12.250 3.000 360
1393 5998067 ELLICOTT CI MD 21042 01 3.000 12.750 3.000 360
1394 5998083 BANNER ELK NC 28604 01 3.000 9.500 3.000 360
1395 5998091 RALEIGH NC 27609 01 3.000 12.125 3.000 360
1396 5998133 ARNOLD MD 21012 01 3.000 12.875 3.000 360
1397 5998158 SILVER SPRI MD 20910 01 3.000 12.500 3.000 360
1398 5998208 ALEXANDRIA VA 22301 01 3.000 12.500 3.000 360
1399 5998257 BARRINGTON RI 2806 01 3.000 12.750 3.000 360
1400 5998364 GAITHERSBUR MD 20828 01 3.000 13.000 3.000 360
1401 5998406 LEXINGTON SC 29073 01 3.000 12.625 3.000 360
1402 5998471 GARNER NC 27529 01 3.000 12.500 3.000 360
1403 5998547 DAVIDSON NC 28036 01 3.000 12.500 3.000 360
1404 5998570 NEWTON MA 2158 01 3.000 12.875 3.000 360
1405 5998588 GREENSBORO GA 30642 01 3.000 12.625 3.000 360
1406 5998596 CRANBURY TO NJ 8512 01 3.000 12.875 3.000 360
1407 5998604 WOODBRIDGE VA 22191 01 3.000 12.875 3.000 360
1408 5998612 TUXEDO PARK NY 10987 01 3.000 12.125 3.000 360
1409 5998620 SAYREVILLE NJ 8872 01 3.000 12.875 3.000 360
1410 5998638 CHAPEL HILL NC 27516 01 3.000 12.625 3.000 360
1411 5998661 LINCOLN PAR NJ 7035 01 3.000 12.875 3.000 360
1412 5998687 MOORESVILLE NC 28115 01 3.000 13.125 3.000 360
1413 5998802 PLANO TX 75093 01 3.000 12.625 3.000 360
1414 5998810 VIENNA VA 22182 01 3.000 9.750 3.000 360
1415 5998828 RICHMOND VA 23112 01 3.000 13.000 3.000 360
1416 5998877 SILVER SPRI MD 20904 01 3.000 12.875 3.000 360
1417 5998885 GLADWYNE PA 19035 01 3.000 12.750 3.000 360
1418 5998927 STERLING VA 20165 01 3.000 11.875 3.000 360
1419 5998935 ALEXANDRIA VA 22301 01 3.000 12.500 3.000 360
1420 5998968 CHARLOTTE NC 28205 01 3.000 13.000 3.000 360
1421 5998976 COLUMBIA MD 21044 01 3.000 12.625 3.000 360
1422 5999008 CORNELIUS NC 28031 01 3.000 12.375 3.000 360
1423 5999016 ROANOKE VA 24014 01 3.000 12.375 3.000 360
1424 5999057 CHAPEL HILL NC 27516 01 3.000 12.750 3.000 360
1425 5999065 MECHANICSVI VA 23116 01 3.000 12.375 3.000 360
1426 5999107 TAKOMA PARK MD 20912 01 3.000 12.875 3.000 360
1427 5999149 GAITHERSBUR MD 20879 01 3.000 12.875 3.000 360
1428 5999156 ALEXANDRIA VA 22314 01 3.000 12.625 3.000 360
1429 5999198 DURHAM NC 27712 01 3.000 12.750 3.000 360
1430 5999214 BALTIMORE MD 21227 01 3.000 12.875 3.000 360
1431 5999263 CHICAGO IL 60657 01 3.000 12.750 3.000 360
1432 5999347 URBANNA VA 23175 01 3.000 12.750 3.000 360
1433 5999354 GRAHAM NC 27253 01 3.000 12.500 3.000 360
1434 5999438 WILMINGTON NC 28405 01 3.000 13.125 3.000 360
1435 5999453 WILMINGTON NC 28405 01 3.000 12.750 3.000 360
</TABLE>
D-70
<PAGE>
<TABLE>
<CAPTION>
Original 03/01/98 Orig-
Remaining Principal Principal 1st due 03/01/98 inal Appraised Net
Term Bal Bal date p&i LTV Value Mtg Rate
GROUP 1 LOANS
<S> <C> <C> <C> <C> <C> <C> <C> <C>
1376 358 93,750.00 93,512.33 01/01/98 615.88 75.00 125,000.00 5.695
1377 359 448,000.00 447,191.59 02/01/98 2,905.72 80.00 560,000.00 5.570
1378 359 281,600.00 281,136.99 02/01/98 1,873.50 80.00 352,000.00 5.820
1379 358 100,000.00 99,814.27 02/01/98 623.87 80.00 125,000.00 5.195
1380 358 510,000.00 508,738.52 01/01/98 3,393.05 72.86 700,000.00 5.820
1381 360 77,400.00 77,331.70 03/01/98 495.61 90.00 86,000.00 5.445
1382 359 179,000.00 178,690.89 02/01/98 1,161.00 74.58 240,000.00 5.570
1383 359 119,000.00 118,794.50 02/01/98 771.84 79.33 150,000.00 5.570
1384 358 132,000.00 131,777.56 02/01/98 867.15 80.00 165,000.00 5.695
1385 360 79,200.00 79,133.46 03/01/98 520.29 80.00 99,000.00 5.695
1386 359 248,000.00 247,528.15 02/01/98 1,526.98 80.00 310,000.00 5.070
1387 359 217,000.00 216,778.76 03/01/98 1,283.64 74.83 290,000.00 4.695
1388 359 239,000.00 238,607.03 02/01/98 1,590.08 79.67 300,000.00 5.820
1389 358 478,400.00 477,573.88 02/01/98 3,102.90 77.16 620,000.00 5.570
1390 359 128,000.00 127,784.18 02/01/98 840.87 80.00 160,000.00 5.695
1391 359 260,000.00 259,539.95 02/01/98 1,664.81 80.00 325,000.00 5.445
1392 359 124,500.00 124,263.12 02/01/98 766.57 61.63 202,000.00 5.070
1393 360 208,000.00 207,820.91 03/01/98 1,349.09 79.39 262,000.00 5.570
1394 359 120,000.00 119,782.43 02/01/98 758.49 66.85 179,500.00 5.320
1395 357 160,200.00 159,730.47 01/01/98 973.40 84.99 188,500.00 4.945
1396 360 154,000.00 153,870.61 03/01/98 1,011.68 77.00 200,000.00 5.695
1397 359 277,950.00 277,446.08 02/01/98 1,756.84 79.41 350,000.00 5.320
1398 359 182,000.00 181,835.46 03/01/98 1,150.37 78.45 232,000.00 5.320
1399 359 50,000.00 49,956.95 03/01/98 324.30 15.72 318,000.00 5.570
1400 359 184,000.00 183,697.46 02/01/98 1,224.16 80.00 230,000.00 5.820
1401 359 129,200.00 128,971.37 02/01/98 827.29 95.00 136,000.00 5.445
1402 359 110,100.00 109,900.40 02/01/98 695.91 95.00 115,900.00 5.320
1403 358 328,000.00 327,105.62 02/01/98 2,073.19 80.00 410,000.00 5.320
1404 360 360,000.00 359,697.55 03/01/98 2,364.95 71.29 505,000.00 5.695
1405 359 138,400.00 138,155.09 02/01/98 886.20 80.00 173,000.00 5.445
1406 359 320,000.00 319,460.76 02/01/98 2,102.18 70.33 455,000.00 5.695
1407 359 65,500.00 65,389.63 02/01/98 430.29 77.06 85,000.00 5.695
1408 359 575,000.00 574,441.13 03/01/98 3,493.77 71.88 800,000.00 4.945
1409 360 162,000.00 161,863.89 03/01/98 1,064.23 83.51 194,000.00 5.695
1410 360 114,950.00 114,848.58 03/01/98 736.04 95.00 121,000.00 5.445
1411 359 384,000.00 383,352.93 02/01/98 2,522.61 80.00 480,000.00 5.695
1412 357 90,000.00 89,709.54 12/01/97 606.35 43.06 209,000.00 5.945
1413 359 295,400.00 295,139.37 03/01/98 1,891.48 78.56 376,000.00 5.445
1414 359 330,000.00 329,430.14 02/01/98 2,140.38 79.90 413,000.00 5.570
1415 360 231,000.00 230,810.65 03/01/98 1,536.85 58.93 392,000.00 5.820
1416 359 164,000.00 163,723.63 02/01/98 1,077.37 80.00 205,000.00 5.695
1417 359 165,000.00 164,715.08 02/01/98 1,070.19 78.57 210,000.00 5.570
1418 359 131,850.00 131,509.89 02/01/98 677.90 90.00 146,500.00 3.445
1419 358 529,200.00 528,240.59 02/01/98 3,344.91 71.90 736,000.00 5.320
1420 360 218,500.00 218,320.89 03/01/98 1,453.69 79.17 276,000.00 5.820
1421 358 235,500.00 234,973.76 02/01/98 1,507.94 78.50 300,000.00 5.445
1422 359 314,950.00 314,658.29 03/01/98 1,964.88 80.00 393,700.00 5.195
1423 359 308,000.00 306,490.76 03/01/98 1,921.52 80.00 385,000.00 5.195
1424 358 167,200.00 166,911.27 02/01/98 1,084.46 80.00 209,000.00 5.570
1425 359 151,000.00 150,155.59 02/01/98 942.05 60.89 248,000.00 5.195
1426 359 281,000.00 280,526.50 02/01/98 1,845.97 79.60 353,000.00 5.695
1427 360 282,500.00 282,262.66 03/01/98 1,855.83 89.68 315,000.00 5.695
1428 359 183,000.00 182,676.19 02/01/98 1,171.77 77.87 235,000.00 5.445
1429 360 108,000.00 107,907.01 03/01/98 700.49 75.00 144,000.00 5.570
1430 359 90,000.00 89,848.34 02/01/98 591.24 73.77 122,000.00 5.695
1431 360 208,000.00 207,820.91 03/01/98 1,349.09 72.98 285,000.00 5.570
1432 359 323,200.00 322,641.89 02/01/98 2,096.27 80.00 404,000.00 5.570
1433 360 81,000.00 80,926.77 03/01/98 511.98 91.01 89,000.00 5.320
1434 359 415,000.00 414,334.27 02/01/98 2,795.94 39.52 1,050,000.00 5.945
1435 359 125,000.00 124,784.15 02/01/98 810.75 44.64 280,000.00 5.570
</TABLE>
D-71
<PAGE>
<TABLE>
<CAPTION>
Lender
Property Paid CD pledge CD Convert- POOL-OUT
Type Occ MI (Y/N) Loan (Y/N) Amount ible Purp POOL-OUT
GROUP 1 LOANS
Loannum Outpool Conv-Y/N
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
1376 1 1 N N Y 1 0001 532,553 5997473 0 5997473 0001 Y
1377 1 1 N N Y 2 0001 2,490,857 5997515 0 5997515 0001 Y
1378 1 1 N N Y 3 0001 1,636,217 5997523 0 5997523 0001 Y
1379 1 1 N N Y 2 0001 518,535 5997564 0 5997564 0001 Y
1380 1 1 N N Y 3 0001 2,960,858 5997606 0 5997606 0001 Y
1381 1 1 N N Y 2 0001 421,071 5997713 0 5997713 0001 Y
1382 1 1 N N Y 3 0001 995,308 5997788 0 5997788 0001 Y
1383 3 1 N N Y 2 0001 661,685 5997796 0 5997796 0001 Y
1384 1 1 N N Y 1 0001 750,473 5997812 0 5997812 0001 Y
1385 1 1 N N Y 3 0001 450,665 5997887 0 5997887 0001 Y
1386 1 1 N N Y 2 0001 1,254,968 5997895 0 5997895 0001 Y
1387 1 1 N N Y 3 0001 1,017,776 5997911 0 5997911 0001 Y
1388 1 1 N N Y 2 0001 1,388,693 5997937 0 5997937 0001 Y
1389 3 1 N N Y 1 0001 2,660,087 5997960 0 5997960 0001 Y
1390 1 1 N N Y 2 0001 727,731 5997978 0 5997978 0001 Y
1391 1 1 N N Y 1 0001 1,413,195 5998026 0 5998026 0001 Y
1392 2 1 N N Y 2 0001 630,014 5998059 0 5998059 0001 Y
1393 1 1 N N Y 2 0001 1,157,562 5998067 0 5998067 0001 Y
1394 1 1 N N Y 3 0001 637,243 5998083 0 5998083 0001 Y
1395 1 1 N N Y 1 0001 789,867 5998091 0 5998091 0001 Y
1396 1 1 N N Y 2 0001 876,293 5998133 0 5998133 0001 Y
1397 1 1 N N Y 2 0001 1,476,013 5998158 0 5998158 0001 Y
1398 1 1 N N Y 2 0001 967,365 5998208 0 5998208 0001 Y
1399 1 1 N N Y 3 0001 278,260 5998257 0 5998257 0001 Y
1400 1 1 N N Y 1 0001 1,069,119 5998364 0 5998364 0001 Y
1401 1 1 N N Y 1 0001 702,249 5998406 0 5998406 0001 Y
1402 1 1 N N Y 1 0001 584,670 5998471 0 5998471 0001 Y
1403 1 1 N N Y 1 0001 1,740,202 5998547 0 5998547 0001 Y
1404 1 1 N N Y 3 0001 2,048,478 5998570 0 5998570 0001 Y
1405 1 1 N N Y 2 0001 752,254 5998588 0 5998588 0001 Y
1406 1 1 N N Y 2 0001 1,819,329 5998596 0 5998596 0001 Y
1407 1 1 N N Y 2 0001 372,394 5998604 0 5998604 0001 Y
1408 1 1 N N Y 1 0001 2,840,611 5998612 0 5998612 0001 Y
1409 1 1 N N Y 2 0001 921,815 5998620 0 5998620 0001 Y
1410 1 1 N N Y 1 0001 625,351 5998638 0 5998638 0001 Y
1411 1 1 N N Y 2 0001 2,183,195 5998661 0 5998661 0001 Y
1412 1 1 N N Y 2 0001 533,323 5998687 0 5998687 0001 Y
1413 1 1 N N Y 2 0001 1,607,034 5998802 0 5998802 0001 Y
1414 1 1 N N Y 2 0001 1,834,926 5998810 0 5998810 0001 Y
1415 1 1 N N Y 2 0001 1,343,318 5998828 0 5998828 0001 Y
1416 1 1 N N Y 2 0001 932,406 5998877 0 5998877 0001 Y
1417 1 1 N N Y 2 0001 917,463 5998885 0 5998885 0001 Y
1418 2 1 N N Y 2 0001 453,052 5998927 0 5998927 0001 Y
1419 1 1 N N Y 1 0001 2,810,240 5998935 0 5998935 0001 Y
1420 1 1 N N Y 2 0001 1,270,628 5998968 0 5998968 0001 Y
1421 1 1 N N Y 2 0001 1,279,432 5998976 0 5998976 0001 Y
1422 1 1 N N Y 1 0001 1,634,650 5999008 0 5999008 0001 Y
1423 1 1 N N Y 3 0001 1,592,219 5999016 0 5999016 0001 Y
1424 1 1 N N Y 3 0001 929,696 5999057 0 5999057 0001 Y
1425 1 1 N N Y 2 0001 780,058 5999065 0 5999065 0001 Y
1426 1 1 N N Y 2 0001 1,597,598 5999107 0 5999107 0001 Y
1427 1 1 N N Y 2 0001 1,607,486 5999149 0 5999149 0001 Y
1428 2 1 N N Y 2 0001 994,672 5999156 0 5999156 0001 Y
1429 1 1 N N Y 3 0001 601,042 5999198 0 5999198 0001 Y
1430 1 1 N N Y 3 0001 511,686 5999214 0 5999214 0001 Y
1431 3 1 N N Y 2 0001 1,157,562 5999263 0 5999263 0001 Y
1432 1 1 N N Y 1 0001 1,797,115 5999347 0 5999347 0001 Y
1433 1 1 N N Y 1 0001 430,530 5999354 0 5999354 0001 Y
1434 1 1 N N Y 2 0001 2,463,217 5999438 0 5999438 0001 Y
1435 1 1 N N Y 3 0001 695,048 5999453 0 5999453 0001 Y
</TABLE>
D-72
<PAGE>
<TABLE>
<CAPTION>
Maximum Minimum Original
Loan-no City State Zip Index Margin Int rate Int rate Term
GROUP 1 LOANS
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
1436 5999628 GLENELG MD 21737 01 3.000 13.125 3.000 360
1437 5999669 ALPHARETTA GA 30005 01 3.000 12.500 3.000 360
1438 5999776 GERMANTOWN MD 20874 01 3.000 13.000 3.000 360
1439 5999842 RESTON VA 22094 01 3.000 12.875 3.000 360
1440 5999867 RESTON VA 22094 01 3.000 13.000 3.000 360
1441 5999875 ALEXANDRIA VA 22310 01 3.000 9.750 3.000 360
1442 5999925 ROSELLE NJ 7203 01 3.000 12.500 3.000 360
1443 5999941 ARLINGTON VA 22207 01 3.000 13.000 3.000 360
1444 6000012 HO-HO-KUS NJ 7423 01 3.000 12.625 3.000 360
1445 6204085 GERMANTOWN MD 20876 01 2.750 14.125 2.750 360
1446 6204416 CHELTENHAM MD 20623 01 2.750 13.000 2.750 360
1447 6207864 BURTONSVILL MD 20866 01 2.750 14.000 2.750 360
1448 6211098 LAUREL MD 20708 01 2.750 13.000 2.750 360
1449 6213946 ROCKVILLE MD 20851 01 2.750 12.875 2.750 360
1450 6215321 GAITHERSBUR MD 20879 01 2.750 13.375 2.750 360
1451 6221113 OAKTON VA 22124 01 2.750 12.750 2.750 360
1452 6222368 ROCKVILLE MD 20852 01 2.750 13.125 2.750 360
1453 6224018 LANHAM MD 20706 01 2.750 13.500 2.750 360
1454 6229843 SEVERNA PAR MD 21146 01 2.875 13.375 2.875 360
1455 6230494 HOPEWELL VA 23860 01 2.875 13.625 2.875 360
1456 6236319 PITTSBURGH PA 15221 01 2.875 13.000 2.875 360
1457 6238257 MITCHELLVIL MD 20721 01 2.875 13.375 2.875 360
1458 6238547 REISTERSTOW MD 21136 01 2.875 13.250 2.875 360
1459 6241194 LANHAM MD 20706 01 2.875 13.375 2.875 360
1460 6242457 MCLEAN VA 22102 01 2.875 13.250 2.875 360
1461 6243513 CHEVY CHASE MD 20815 01 2.875 13.250 2.875 360
1462 6244545 SHADYSIDE MD 20764 01 2.875 13.500 2.875 360
1463 6249569 WASHINGTON DC 20017 01 2.875 12.625 2.875 360
1464 6250740 ALPHARETTA GA 30202 01 2.875 12.500 2.875 360
1465 6251227 STERLING VA 20165 01 2.875 13.625 2.875 360
1466 6251565 DAYTON OH 45459 01 2.875 13.125 2.875 360
1467 6251599 CLINTON MD 20735 01 2.875 13.375 2.875 360
1468 6251920 WASHINGTON DC 20007 01 2.875 13.375 2.875 360
1469 6252290 WASHINGTON DC 20015 01 2.875 12.125 2.875 360
1470 6252738 BETHESDA MD 20817 01 2.875 12.875 2.875 360
1471 6252985 STRONGSVILL OH 44136 01 2.875 11.375 2.875 360
1472 6253405 STERLING VA 20165 01 2.875 13.250 2.875 360
1473 6253728 ANNAPOLIS MD 21401 01 2.875 13.125 2.875 360
1474 6253736 WASHINGTON DC 20002 01 2.875 13.125 2.875 360
1475 6253819 CHEVY CHASE MD 20815 01 2.875 13.250 2.875 360
1476 6253967 SILVER SPRI MD 20906 01 2.875 13.250 2.875 360
1477 6254197 ASHBURN VA 20147 01 2.875 13.125 2.875 360
1478 6254379 TARPON SPRI FL 34689 01 2.875 13.000 2.875 360
1479 6254585 CASPER WY 82601 01 2.875 13.125 2.875 360
1480 6254593 BELTSVILLE MD 20705 01 2.875 13.125 2.875 360
1481 6254635 NEWPORT WA 99156 01 2.875 12.625 2.875 360
1482 6255038 WASHINGTON DC 20015 01 2.875 13.000 2.875 360
1483 6255129 BALTIMORE MD 21236 01 2.875 13.000 2.875 360
1484 6255236 JACKSONVILL FL 32256 01 2.875 13.000 2.875 360
1485 6255863 HAGERSTOWN MD 21742 01 2.875 13.000 2.875 360
1486 6255871 SEVERNA PAR MD 21146 01 2.875 13.125 2.875 360
1487 6256135 WASHINGTON DC 20008 01 2.875 13.125 2.875 360
1488 6256317 BROOKLINE NH 3033 01 2.875 13.000 2.875 360
1489 6256978 HAYMARKET VA 20169 01 2.875 13.125 2.875 360
1490 6257117 LUTHERVILLE MD 21093 01 2.875 13.125 2.875 360
1491 6257182 PORTLAND OR 97266 01 2.875 12.875 2.875 360
1492 6257232 SILVER SPRI MD 20902 01 2.875 11.750 2.875 360
1493 6257620 SCOTTSDALE AZ 85254 01 2.875 12.875 2.875 360
1494 6258149 BETHESDA MD 20816 01 2.875 13.000 2.875 360
1495 6258594 FAIRFAX STA VA 22039 01 2.875 13.125 2.875 360
</TABLE>
D-73
<PAGE>
<TABLE>
<CAPTION>
Original 03/01/98 Orig-
Remaining Principal Principal 1st due 03/01/98 inal Appraised Net
Term Bal Bal date p&i LTV Value Mtg Rate
GROUP 1 LOANS
<S> <C> <C> <C> <C> <C> <C> <C> <C>
1436 359 458,400.00 457,664.66 02/01/98 3,088.33 80.00 573,000.00 5.945
1437 360 171,000.00 170,845.41 03/01/98 1,080.84 95.00 180,000.00 5.320
1438 358 66,120.00 66,011.28 02/01/98 439.90 95.00 69,600.00 5.820
1439 359 214,600.00 214,238.39 02/01/98 1,409.77 78.32 274,000.00 5.695
1440 359 408,000.00 407,329.17 02/01/98 2,714.44 73.51 555,000.00 5.820
1441 360 280,000.00 279,758.92 03/01/98 1,816.08 80.00 350,000.00 5.570
1442 359 96,000.00 95,825.95 02/01/98 606.79 80.00 120,000.00 5.320
1443 359 303,900.00 303,400.33 02/01/98 2,021.86 79.99 379,900.00 5.820
1444 359 668,000.00 666,818.02 02/01/98 4,277.28 74.22 900,000.00 5.445
1445 327 200,000.00 193,823.88 06/01/95 1,398.43 86.32 231,693.00 6.320
1446 323 105,000.00 101,876.29 02/01/95 787.07 73.94 142,000.00 7.070
1447 329 123,400.00 119,852.48 07/01/95 820.99 95.00 129,900.00 5.820
1448 334 180,000.00 175,494.74 01/01/96 1,167.48 80.00 225,000.00 5.570
1449 335 116,000.00 113,276.06 02/01/96 762.04 80.00 145,000.00 5.695
1450 339 135,900.00 133,471.94 06/01/96 938.63 90.00 151,000.00 6.195
1451 339 139,800.00 136,989.30 06/01/96 906.75 88.48 158,000.00 5.570
1452 339 129,500.00 127,073.76 06/01/96 872.47 84.36 153,500.00 5.945
1453 341 124,400.00 122,439.50 08/01/96 869.83 89.18 139,500.00 6.320
1454 345 67,000.00 66,145.46 12/01/96 462.76 48.20 139,000.00 6.195
1455 345 56,400.00 55,375.75 12/01/96 399.20 78.33 72,000.00 6.445
1456 348 102,500.00 101,368.64 03/01/97 681.94 69.73 147,000.00 5.820
1457 352 162,000.00 160,811.81 07/01/97 1,118.90 78.26 207,000.00 6.195
1458 348 150,000.00 148,480.12 04/01/97 1,023.27 83.33 180,000.00 6.070
1459 350 129,600.00 128,481.22 05/01/97 895.12 90.00 144,000.00 6.195
1460 350 91,200.00 90,332.63 05/01/97 599.12 80.00 114,000.00 5.695
1461 350 181,500.00 179,773.77 05/01/97 1,192.33 88.54 205,000.00 5.695
1462 351 195,000.00 193,236.14 06/01/97 1,248.61 86.67 225,000.00 5.445
1463 355 60,000.00 59,677.94 10/01/97 384.19 42.25 142,000.00 5.445
1464 353 164,000.00 162,791.12 08/01/97 1,036.60 80.00 205,000.00 5.320
1465 354 291,900.00 290,392.63 09/01/97 2,066.05 87.13 335,000.00 6.445
1466 354 112,500.00 108,904.12 09/01/97 757.94 61.14 184,000.00 5.945
1467 353 80,000.00 79,565.89 09/01/97 552.55 49.38 162,000.00 6.195
1468 354 150,000.00 149,186.09 09/01/97 1,036.02 8.93 1,680,000.00 6.195
1469 354 279,600.00 277,668.34 09/01/97 1,698.88 63.55 440,000.00 4.945
1470 355 110,000.00 94,219.44 10/01/97 722.63 13.75 800,000.00 5.695
1471 353 193,600.00 192,060.84 09/01/97 1,084.11 80.00 242,000.00 4.195
1472 354 238,000.00 233,658.45 09/01/97 1,623.58 82.64 288,000.00 6.070
1473 355 224,000.00 222,909.15 10/01/97 1,509.13 80.00 280,000.00 5.945
1474 355 212,000.00 210,967.54 10/01/97 1,428.29 80.00 265,000.00 5.945
1475 355 273,850.00 272,548.71 10/01/97 1,868.14 49.34 555,000.00 6.070
1476 354 271,000.00 269,493.05 09/01/97 1,848.70 78.55 345,000.00 6.070
1477 355 155,000.00 154,245.13 10/01/97 1,044.27 55.36 280,000.00 5.945
1478 354 139,000.00 138,060.02 09/01/97 924.78 73.16 190,000.00 5.820
1479 355 78,250.00 77,868.90 10/01/97 527.19 45.76 171,000.00 5.945
1480 355 115,000.00 114,439.94 10/01/97 774.78 69.70 165,000.00 5.945
1481 356 95,750.00 95,322.90 11/01/97 613.10 74.80 128,000.00 5.445
1482 356 172,750.00 172,033.64 11/01/97 1,149.32 58.56 295,000.00 5.820
1483 355 94,050.00 93,580.63 10/01/97 625.72 67.66 139,000.00 5.820
1484 356 178,500.00 177,759.82 11/01/97 1,187.57 69.19 258,000.00 5.820
1485 355 132,000.00 131,452.65 11/01/97 878.20 73.33 180,000.00 5.820
1486 355 219,550.00 210,150.17 10/01/97 1,479.15 65.93 333,000.00 5.945
1487 356 600,000.00 597,572.24 11/01/97 4,042.32 75.00 800,000.00 5.945
1488 356 125,100.00 124,581.23 11/01/97 832.30 90.00 139,000.00 5.820
1489 356 234,000.00 233,053.15 11/01/97 1,576.51 73.13 320,000.00 5.945
1490 356 325,000.00 323,684.96 11/01/97 2,189.59 47.45 685,000.00 5.945
1491 355 88,000.00 87,537.72 11/01/97 578.10 70.40 125,000.00 5.695
1492 355 105,000.00 104,334.26 10/01/97 612.76 70.00 150,000.00 4.570
1493 357 159,200.00 158,660.36 12/01/97 1,045.84 58.96 270,000.00 5.695
1494 356 288,100.00 286,905.36 11/01/97 1,916.74 51.45 560,000.00 5.820
1495 356 434,800.00 433,040.70 11/01/97 2,929.33 54.35 800,000.00 5.945
</TABLE>
D-74
<PAGE>
<TABLE>
<CAPTION>
Lender
Property Paid CD pledge CD Convert- POOL-OUT
Type Occ MI (Y/N) Loan (Y/N) Amount ible Purp POOL-OUT
GROUP 1 LOANS
Loannum Outpool Conv-Y/N
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
1436 1 1 N N Y 3 0001 2,720,816 5999628 0 5999628 0001 Y
1437 1 1 N N Y 1 0001 908,898 5999669 0 5999669 0001 Y
1438 2 1 N N Y 1 0001 384,186 5999776 0 5999776 0001 Y
1439 2 1 N N Y 2 0001 1,220,088 5999842 0 5999842 0001 Y
1440 1 1 N N Y 2 0001 2,370,656 5999867 0 5999867 0001 Y
1441 1 1 N N Y 2 0001 1,558,257 5999875 0 5999875 0001 Y
1442 1 1 N N Y 2 0001 509,794 5999925 0 5999925 0001 Y
1443 1 1 N N Y 1 0001 1,765,790 5999941 0 5999941 0001 Y
1444 1 1 N N Y 3 0001 3,630,824 6000012 0 6000012 0001 Y
1445 1 1 N N Y 1 0001 1,224,967 6204085 0 6204085 0001 Y
1446 1 1 N N Y 3 0001 720,265 6204416 0 6204416 0001 Y
1447 3 1 N N Y 1 0001 697,541 6207864 0 6207864 0001 Y
1448 1 1 N N Y 2 0001 977,506 6211098 0 6211098 0001 Y
1449 1 1 N N Y 2 0001 645,107 6213946 0 6213946 0001 Y
1450 2 1 N N Y 2 0001 826,859 6215321 0 6215321 0001 Y
1451 2 1 N N Y 3 0001 763,030 6221113 0 6221113 0001 Y
1452 3 1 N N Y 3 0001 755,454 6222368 0 6222368 0001 Y
1453 1 1 N N Y 2 0001 773,818 6224018 0 6224018 0001 Y
1454 1 1 N N Y 3 0001 409,771 6229843 0 6229843 0001 Y
1455 1 1 N N Y 2 0001 356,897 6230494 0 6230494 0001 Y
1456 1 1 N N Y 2 0001 589,965 6236319 0 6236319 0001 Y
1457 1 1 N N Y 2 0001 996,229 6238257 0 6238257 0001 Y
1458 1 1 N N Y 3 0001 901,274 6238547 0 6238547 0001 Y
1459 1 1 N N Y 2 0001 795,941 6241194 0 6241194 0001 Y
1460 3 1 N N Y 1 0001 514,444 6242457 0 6242457 0001 Y
1461 1 1 N N Y 3 0001 1,023,812 6243513 0 6243513 0001 Y
1462 1 1 N N Y 3 0001 1,052,171 6244545 0 6244545 0001 Y
1463 1 1 N N Y 3 0001 324,946 6249569 0 6249569 0001 Y
1464 1 1 N N Y 1 0001 866,049 6250740 0 6250740 0001 Y
1465 1 1 N N Y 2 0001 1,871,581 6251227 0 6251227 0001 Y
1466 1 1 N N Y 2 0001 647,435 6251565 0 6251565 0001 Y
1467 1 1 N N Y 3 0001 492,911 6251599 0 6251599 0001 Y
1468 1 1 N N Y 3 0001 924,208 6251920 0 6251920 0001 Y
1469 1 1 N N Y 2 0001 1,373,070 6252290 0 6252290 0001 Y
1470 1 1 N N Y 2 0001 536,580 6252738 0 6252738 0001 Y
1471 1 1 N N Y 1 0001 805,695 6252985 0 6252985 0001 Y
1472 1 1 N N Y 2 0001 1,418,307 6253405 0 6253405 0001 Y
1473 1 1 N N Y 1 0001 1,325,195 6253728 0 6253728 0001 Y
1474 1 1 N N Y 2 0001 1,254,202 6253736 0 6253736 0001 Y
1475 1 1 N N Y 2 0001 1,654,371 6253819 0 6253819 0001 Y
1476 1 1 N N Y 2 0001 1,635,823 6253967 0 6253967 0001 Y
1477 1 1 N N Y 2 0001 916,987 6254197 0 6254197 0001 Y
1478 1 1 N N Y 3 0001 803,509 6254379 0 6254379 0001 Y
1479 1 1 N N Y 3 0001 462,931 6254585 0 6254585 0001 Y
1480 1 1 N N Y 3 0001 680,345 6254593 0 6254593 0001 Y
1481 1 1 N N Y 2 0001 519,033 6254635 0 6254635 0001 Y
1482 1 1 N N Y 2 0001 1,001,236 6255038 0 6255038 0001 Y
1483 1 1 N N Y 2 0001 544,639 6255129 0 6255129 0001 Y
1484 1 1 N N Y 2 0001 1,034,562 6255236 0 6255236 0001 Y
1485 1 1 N N Y 2 0001 765,054 6255863 0 6255863 0001 Y
1486 1 1 N N Y 2 0001 1,249,343 6255871 0 6255871 0001 Y
1487 1 1 N N Y 3 0001 3,552,567 6256135 0 6256135 0001 Y
1488 1 1 N N Y 2 0001 725,063 6256317 0 6256317 0001 Y
1489 1 1 N N Y 3 0001 1,385,501 6256978 0 6256978 0001 Y
1490 1 1 N N Y 2 0001 1,924,307 6257117 0 6257117 0001 Y
1491 3 1 N N Y 2 0001 498,527 6257182 0 6257182 0001 Y
1492 2 1 N N Y 2 0001 476,808 6257232 0 6257232 0001 Y
1493 1 1 N N Y 3 0001 903,571 6257620 0 6257620 0001 Y
1494 1 1 N N Y 2 0001 1,669,789 6258149 0 6258149 0001 Y
1495 1 1 N N Y 2 0001 2,574,427 6258594 0 6258594 0001 Y
</TABLE>
D-75
<PAGE>
<TABLE>
<CAPTION>
Maximum Minimum Original
Loan-no City State Zip Index Margin Int rate Int rate Term
GROUP 1 LOANS
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
1496 6258677 COLORADO SP CO 80917 01 2.875 13.000 2.875 360
1497 6258719 POTOMAC MD 20854 01 2.875 12.750 2.875 360
1498 6258883 FREDERICKSB VA 22407 01 2.875 13.000 2.875 360
1499 6258891 BETHESDA MD 20816 01 2.875 13.125 2.875 360
1500 6258917 APPLE VALLE MN 55124 01 2.875 13.000 2.875 360
1501 6259113 GERMANTOWN MD 20874 01 2.875 11.750 2.875 360
1502 6259451 GLEN ALLEN VA 23060 01 2.875 13.000 2.875 360
1503 6259584 PORTLAND OR 97203 01 2.875 13.000 2.875 360
1504 6259873 ARLINGTON VA 22209 01 2.875 13.000 2.875 360
1505 6260160 WASHINGTON DC 20008 01 2.875 12.875 2.875 360
1506 6260244 OAKTON VA 22124 01 2.875 13.000 2.875 360
1507 6260301 RESTON VA 20194 01 2.875 13.000 2.875 360
1508 6260368 WASHINGTON DC 20016 01 2.875 12.125 2.875 360
1509 6260491 FAIRFAX VA 22030 01 2.875 13.000 2.875 360
1510 6260772 ALPHARETTA GA 30201 01 2.875 13.125 2.875 360
1511 6261382 OLNEY MD 20832 01 2.875 12.625 2.875 360
1512 6261473 BOULDER CO 80303 01 2.875 13.000 2.875 360
1513 6261648 SEABROOK MD 20706 01 2.875 13.000 2.875 360
1514 6262018 ALEXANDRIA VA 22314 01 2.875 12.875 2.875 360
1515 6262091 CROFTON MD 21114 01 2.875 13.000 2.875 360
1516 6262620 SEVERNA PAR MD 21146 01 2.875 12.875 2.875 360
1517 6262984 ROCKVILLE MD 20853 01 2.875 12.875 2.875 360
1518 6263032 CENTREVILLE VA 20120 01 2.875 12.875 2.875 360
1519 6263107 GAITHERSBUR MD 20878 01 2.875 12.875 2.875 360
1520 6263305 WEST BLOOMF MI 48322 01 2.875 12.750 2.875 360
1521 6263610 MANASSAS VA 22110 01 2.875 11.375 2.875 360
1522 6263701 HYATTSVILLE MD 20784 01 2.875 12.625 2.875 360
1523 6263990 RESTON VA 22091 01 2.875 12.625 2.875 360
1524 6264089 CODY WY 82414 01 3.000 12.875 3.000 360
1525 6264113 ALEXANDRIA VA 22301 01 2.875 12.625 2.875 360
1526 6264253 SHARPSBURG MD 21782 01 2.875 12.750 2.875 360
1527 6264576 GAITHESBURG MD 20878 01 2.875 12.000 2.875 360
1528 6264725 STERLING VA 20165 01 2.875 13.000 2.875 360
1529 6264923 STERLING VA 20165 01 2.875 13.000 2.875 360
1530 6265110 CLIFTON VA 20124 01 2.875 12.875 2.875 360
1531 6265144 BOCA RATON FL 33431 01 2.875 12.875 2.875 360
1532 6265334 READINGTON NJ 8889 01 2.875 12.125 2.875 360
1533 6265367 FOREST HEIG MD 20745 01 2.875 12.875 2.875 360
1534 6266043 LAPLATA MD 20646 01 2.875 12.750 2.875 360
1535 6266233 POTOMAC MD 20854 01 2.875 12.875 2.875 360
1536 6266449 GAITHERSBUR MD 20878 01 2.875 13.000 2.875 360
1537 6266936 SILVER SPRI MD 20910 01 2.875 12.875 2.875 360
1538 6267579 WESTON MA 2193 01 2.875 12.875 2.875 360
1539 6267660 VIENNA VA 22182 01 2.875 12.375 2.875 360
1540 6267777 WASHINGTON DC 20011 01 2.875 12.250 2.875 360
1541 6269369 BOWIE MD 20720 01 2.875 12.750 2.875 360
1542 7000045 DAVIDSON NC 28036 01 3.000 12.375 3.000 360
1543 7000052 CORNELIUS NC 28031 01 3.000 13.000 3.000 360
1544 7000060 CORNELIUS NC 28031 01 3.000 13.125 3.000 360
1545 7000078 DAVIDSON NC 28036 01 3.000 13.500 3.000 360
1546 7000128 RIDGEWOOD NJ 7450 01 3.000 12.500 3.000 360
1547 7000136 GAITHERSBUR MD 20882 01 3.000 11.875 3.000 360
1548 7000177 PROVIDENCE RI 2906 01 3.000 12.750 3.000 360
1549 7000201 ELLICOTT CI MD 21042 01 3.000 12.875 3.000 360
1550 7000219 GLYNDON MD 21071 01 3.000 13.000 3.000 360
1551 7000268 WAKE FOREST NC 27587 01 3.000 12.250 3.000 360
1552 7000276 GREENWICH CT 6831 01 3.000 12.875 3.000 360
1553 7000318 BALTIMORE MD 21228 01 3.000 12.625 3.000 360
1554 7000417 CARY NC 27513 01 3.000 13.000 3.000 360
1555 7000474 BETHESDA MD 20814 01 3.000 13.125 3.000 360
</TABLE>
D-76
<PAGE>
<TABLE>
<CAPTION>
Original 03/01/98 Orig-
Remaining Principal Principal 1st due 03/01/98 inal Appraised Net
Term Bal Bal date p&i LTV Value Mtg Rate
GROUP 1 LOANS
<S> <C> <C> <C> <C> <C> <C> <C> <C>
1496 356 70,500.00 70,005.90 11/01/97 469.04 53.82 131,000.00 5.820
1497 356 290,700.00 289,434.38 11/01/97 1,885.48 95.00 306,000.00 5.570
1498 358 122,500.00 122,196.99 01/01/98 815.00 87.50 140,000.00 5.820
1499 356 268,650.00 266,019.53 11/01/97 1,809.95 70.70 380,000.00 5.945
1500 356 143,400.00 142,606.50 11/01/97 954.05 75.47 190,000.00 5.820
1501 357 184,000.00 183,226.01 12/01/97 1,073.78 61.33 300,000.00 4.570
1502 358 114,500.00 114,216.77 01/01/98 761.78 82.37 139,000.00 5.820
1503 357 82,600.00 82,173.63 12/01/97 549.54 68.83 120,000.00 5.820
1504 357 266,400.00 265,518.85 12/01/97 1,772.37 80.00 333,000.00 5.820
1505 356 90,250.00 89,944.10 12/01/97 592.88 95.00 95,000.00 5.695
1506 357 217,500.00 216,780.57 12/01/97 1,447.04 62.14 350,000.00 5.820
1507 355 188,800.00 188,176.41 12/01/97 1,256.10 80.00 236,000.00 5.820
1508 356 78,000.00 77,694.42 12/01/97 473.94 45.48 171,500.00 4.945
1509 357 214,600.00 212,884.36 12/01/97 1,427.74 76.10 282,000.00 5.820
1510 359 412,500.00 411,838.30 02/01/98 2,779.09 75.00 550,000.00 5.945
1511 358 178,900.00 178,423.86 01/01/98 1,145.52 94.16 190,000.00 5.445
1512 356 123,900.00 123,490.19 12/01/97 824.31 41.30 300,000.00 5.820
1513 357 112,000.00 111,629.55 12/01/97 745.14 80.00 140,000.00 5.820
1514 357 95,500.00 95,176.30 12/01/97 627.37 25.47 375,000.00 5.695
1515 357 221,000.00 220,453.37 01/01/98 1,470.32 88.40 250,000.00 5.820
1516 358 280,000.00 279,290.22 01/01/98 1,839.41 80.00 350,000.00 5.695
1517 357 120,000.00 119,593.24 12/01/97 788.32 80.00 150,000.00 5.695
1518 358 28,450.00 28,377.87 01/01/98 186.90 23.32 122,000.00 5.695
1519 357 100,000.00 97,064.11 01/01/98 656.93 68.97 145,000.00 5.695
1520 358 200,000.00 199,480.49 01/01/98 1,297.20 66.67 300,000.00 5.570
1521 359 194,250.00 193,813.68 02/01/98 1,087.75 85.57 227,000.00 4.195
1522 358 81,100.00 80,367.47 01/01/98 519.30 77.24 105,000.00 5.445
1523 359 207,000.00 206,633.71 02/01/98 1,325.45 90.00 230,000.00 5.445
1524 359 138,900.00 138,665.93 02/01/98 912.48 57.88 240,000.00 5.695
1525 358 208,550.00 207,994.94 01/01/98 1,335.37 89.51 233,000.00 5.445
1526 358 143,500.00 143,127.25 01/01/98 930.74 75.93 189,000.00 5.570
1527 360 400,000.00 399,601.79 03/01/98 2,398.21 87.91 455,000.00 4.820
1528 359 318,750.00 318,225.90 02/01/98 2,120.66 75.00 425,000.00 5.820
1529 359 298,000.00 297,510.02 02/01/98 1,982.61 62.74 475,000.00 5.820
1530 359 195,000.00 194,671.40 02/01/98 1,281.02 59.09 330,000.00 5.695
1531 360 52,500.00 52,455.89 02/01/98 344.89 61.76 85,000.00 5.695
1532 359 214,000.00 213,582.94 02/01/98 1,300.29 73.79 290,000.00 4.945
1533 358 88,000.00 87,851.71 02/01/98 578.10 80.00 110,000.00 5.695
1534 360 184,800.00 184,640.89 03/01/98 1,198.61 88.00 210,000.00 5.570
1535 359 143,000.00 142,759.03 02/01/98 939.41 45.98 311,000.00 5.695
1536 359 240,000.00 239,605.39 02/01/98 1,596.73 80.00 300,000.00 5.820
1537 360 116,800.00 116,701.87 03/01/98 767.30 56.98 205,000.00 5.695
1538 360 197,000.00 196,834.50 03/01/98 1,294.15 70.36 280,000.00 5.695
1539 360 270,000.00 269,749.92 03/01/98 1,684.45 75.00 360,000.00 5.195
1540 359 100,000.00 99,905.11 03/01/98 615.72 80.00 125,000.00 5.070
1541 360 125,500.00 125,391.94 03/01/98 814.00 41.83 300,000.00 5.570
1542 359 204,500.00 204,120.17 02/01/98 1,275.82 32.98 620,000.00 5.195
1543 359 72,000.00 71,881.62 02/01/98 479.02 80.00 90,000.00 5.820
1544 360 293,700.00 293,465.12 03/01/98 1,978.72 89.98 326,400.00 5.945
1545 359 342,000.00 341,490.77 02/01/98 2,391.32 95.00 360,000.00 6.320
1546 359 171,000.00 170,689.98 02/01/98 1,080.84 95.00 180,000.00 5.320
1547 360 392,000.00 391,506.81 03/01/98 2,044.86 80.00 490,000.00 3.570
1548 359 161,000.00 160,861.38 03/01/98 1,044.25 78.92 204,000.00 5.570
1549 359 132,100.00 131,877.39 02/01/98 867.81 51.80 255,000.00 5.695
1550 358 815,500.00 814,159.16 02/01/98 5,425.55 58.25 1,400,000.00 5.820
1551 359 96,579.00 96,395.24 02/01/98 594.66 91.98 105,000.00 5.070
1552 359 368,000.00 367,379.89 02/01/98 2,417.50 80.00 460,000.00 5.695
1553 359 120,000.00 119,787.66 02/01/98 768.38 80.00 150,000.00 5.445
1554 358 105,000.00 104,827.36 02/01/98 698.57 70.47 149,000.00 5.820
1555 359 460,000.00 459,632.14 03/01/98 3,099.11 80.00 575,000.00 5.945
</TABLE>
D-77
<PAGE>
<TABLE>
<CAPTION>
Lender
Property Paid CD pledge CD Convert- POOL-OUT
Type Occ MI (Y/N) Loan (Y/N) Amount ible Purp POOL-OUT
GROUP 1 LOANS
Loannum Outpool Conv-Y/N
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
1496 1 1 N N Y 2 0001 407,434 6258677 0 6258677 0001 Y
1497 1 1 N N Y 1 0001 1,612,149 6258719 0 6258719 0001 Y
1498 1 1 N N Y 2 0001 711,186 6258883 0 6258883 0001 Y
1499 1 1 N N Y 2 0001 1,581,486 6258891 0 6258891 0001 Y
1500 1 1 N N Y 2 0001 829,970 6258917 0 6258917 0001 Y
1501 1 1 N N Y 2 0001 837,343 6259113 0 6259113 0001 Y
1502 1 1 N N Y 2 0001 664,742 6259451 0 6259451 0001 Y
1503 1 1 N N Y 2 0001 478,251 6259584 0 6259584 0001 Y
1504 3 1 N N Y 2 0001 1,545,320 6259873 0 6259873 0001 Y
1505 3 1 N N Y 2 0001 512,232 6260160 0 6260160 0001 Y
1506 1 1 N N Y 3 0001 1,261,663 6260244 0 6260244 0001 Y
1507 2 1 N N Y 2 0001 1,095,187 6260301 0 6260301 0001 Y
1508 3 1 N N Y 3 0001 384,199 6260368 0 6260368 0001 Y
1509 1 1 N N Y 2 0001 1,238,987 6260491 0 6260491 0001 Y
1510 1 1 N N Y 3 0001 2,448,379 6260772 0 6260772 0001 Y
1511 1 1 N N Y 3 0001 971,518 6261382 0 6261382 0001 Y
1512 1 1 N N Y 2 0001 718,713 6261473 0 6261473 0001 Y
1513 2 1 N N Y 2 0001 649,684 6261648 0 6261648 0001 Y
1514 2 1 N N Y 2 0001 542,029 6262018 0 6262018 0001 Y
1515 1 1 N N Y 2 0001 1,283,039 6262091 0 6262091 0001 Y
1516 1 1 N N Y 2 0001 1,590,558 6262620 0 6262620 0001 Y
1517 1 1 N N Y 2 0001 681,084 6262984 0 6262984 0001 Y
1518 2 1 N N Y 2 0001 161,612 6263032 0 6263032 0001 Y
1519 2 1 N N Y 2 0001 552,780 6263107 0 6263107 0001 Y
1520 1 1 N N Y 3 0001 1,111,106 6263305 0 6263305 0001 Y
1521 1 1 N N Y 2 0001 813,048 6263610 0 6263610 0001 Y
1522 1 1 N N Y 3 0001 437,601 6263701 0 6263701 0001 Y
1523 1 1 N N Y 2 0001 1,125,121 6263990 0 6263990 0001 Y
1524 1 1 N N Y 2 0001 789,702 6264089 0 6264089 0001 Y
1525 1 1 N N Y 2 0001 1,132,532 6264113 0 6264113 0001 Y
1526 1 1 N N Y 2 0001 797,219 6264253 0 6264253 0001 Y
1527 1 1 N N Y 1 0001 1,926,081 6264576 0 6264576 0001 Y
1528 1 1 N N Y 3 0001 1,852,075 6264725 0 6264725 0001 Y
1529 1 1 N N Y 2 0001 1,731,508 6264923 0 6264923 0001 Y
1530 1 1 N N Y 2 0001 1,108,654 6265110 0 6265110 0001 Y
1531 2 1 N N Y 2 0001 298,736 6265144 0 6265144 0001 Y
1532 1 1 N N Y 3 0001 1,056,168 6265334 0 6265334 0001 Y
1533 1 1 N N Y 2 0001 500,315 6265367 0 6265367 0001 Y
1534 1 1 N N Y 2 0001 1,028,450 6266043 0 6266043 0001 Y
1535 1 1 N N Y 2 0001 813,013 6266233 0 6266233 0001 Y
1536 1 1 N N Y 3 0001 1,394,503 6266449 0 6266449 0001 Y
1537 1 1 N N Y 2 0001 664,617 6266936 0 6266936 0001 Y
1538 1 1 N N Y 2 0001 1,120,972 6267579 0 6267579 0001 Y
1539 1 1 N N Y 3 0001 1,401,351 6267660 0 6267660 0001 Y
1540 1 1 N N Y 2 0001 506,519 6267777 0 6267777 0001 Y
1541 1 1 N N Y 2 0001 698,433 6269369 0 6269369 0001 Y
1542 1 1 N N Y 2 0001 1,060,404 7000045 0 7000045 0001 Y
1543 3 1 N N Y 1 0001 418,351 7000052 0 7000052 0001 Y
1544 1 1 N N Y 1 0001 1,744,650 7000060 0 7000060 0001 Y
1545 1 1 N N Y 1 0001 2,158,222 7000078 0 7000078 0001 Y
1546 1 1 N N Y 1 0001 908,071 7000128 0 7000128 0001 Y
1547 1 1 N N Y 1 0001 1,397,679 7000136 0 7000136 0001 Y
1548 1 1 N N Y 2 0001 895,998 7000177 0 7000177 0001 Y
1549 1 1 N N Y 2 0001 751,042 7000201 0 7000201 0001 Y
1550 1 1 N N Y 2 0001 4,738,406 7000219 0 7000219 0001 Y
1551 1 1 N N Y 1 0001 488,724 7000268 0 7000268 0001 Y
1552 1 1 N N Y 3 0001 2,092,228 7000276 0 7000276 0001 Y
1553 1 1 N N Y 3 0001 652,244 7000318 0 7000318 0001 Y
1554 1 1 N N Y 2 0001 610,095 7000417 0 7000417 0001 Y
1555 1 1 N N Y 2 0001 2,732,513 7000474 0 7000474 0001 Y
</TABLE>
D-78
<PAGE>
<TABLE>
<CAPTION>
Maximum Minimum Original
Loan-no City State Zip Index Margin Int rate Int rate Term
GROUP 1 LOANS
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
1556 7000532 NORTH POTOM MD 20878 01 3.000 12.875 3.000 360
1557 7000706 RUXTON MD 21204 01 3.000 12.875 3.000 360
1558 7000714 CHARLOTTE NC 28277 01 3.000 13.000 3.000 360
1559 7000730 GREAT FALLS VA 22066 01 3.000 12.500 3.000 360
1560 7000813 SALISBURY NC 28147 01 3.000 12.500 3.000 360
1561 7000862 WILMINGTON NC 28409 01 3.000 12.750 3.000 360
1562 7000888 MCKINNEY TX 75070 01 3.000 13.125 3.000 360
1563 7000938 WAKE FOREST NC 27587 01 3.000 12.875 3.000 360
1564 7000961 CENTREVILLE VA 20121 01 3.000 12.875 3.000 360
1565 7001019 CHARLOTTE NC 28203 01 3.000 12.375 3.000 360
1566 7001092 MONMOUTH JU NJ 8852 01 3.000 12.750 3.000 360
1567 7001100 BOILING SPR NC 28461 01 3.000 12.750 3.000 360
1568 7001126 CHAPEL HILL NC 27514 01 3.000 12.250 3.000 360
1569 7001142 LORTON VA 22079 01 3.000 12.000 3.000 360
1570 7001183 SILVER SPRI MD 20902 01 3.000 12.875 3.000 360
1571 7001209 CHARLOTTE NC 28277 01 3.000 12.375 3.000 360
1572 7001217 ANDOVER MA 1810 01 3.000 12.875 3.000 360
1573 7001274 MIDLOTHIAN VA 23113 01 3.000 12.875 3.000 360
1574 7001282 BRICK NJ 8723 01 3.000 12.500 3.000 360
1575 7001472 CHICAGO IL 60630 01 3.000 12.875 3.000 360
1576 7001506 NORTHFIELD IL 60093 01 3.000 12.500 3.000 360
1577 7001530 HUNT VALLEY MD 21131 01 3.000 12.750 3.000 360
1578 7001597 MARIETTA GA 30068 01 3.000 13.000 3.000 360
1579 7001647 WILMINGTON NC 28412 01 3.000 13.000 3.000 360
1580 7001704 WILMINGTON NC 28409 01 3.000 12.125 3.000 360
1581 7001712 RUTHERFORD NJ 7070 01 3.000 12.500 3.000 360
1582 7001787 LEESBURG VA 20175 01 3.000 12.250 3.000 360
1583 7001852 MANCHESTER MA 1944 01 3.000 12.750 3.000 360
1584 7001860 POTOMAC MD 20854 01 3.000 12.750 3.000 360
1585 7001878 ALEXANDRIA VA 22310 01 3.000 12.875 3.000 360
1586 7001902 STATESVILLE NC 28677 01 3.000 12.875 3.000 360
1587 7001928 HOLDEN MA 1520 01 3.000 12.625 3.000 360
1588 7001977 WILMETTE IL 60091 01 3.000 12.500 3.000 360
1589 7002082 ALEXANDRIA VA 22304 01 3.000 13.000 3.000 360
1590 7002140 PARKTON MD 21120 01 3.000 12.750 3.000 360
1591 7002157 FAIRFAX VA 22031 01 3.000 13.000 3.000 360
1592 7002173 CONCORD NC 28027 01 3.000 12.625 3.000 360
1593 7002181 ATLANTA GA 30309 01 3.000 12.375 3.000 360
1594 7002207 CHAPEL HILL NC 27514 01 3.000 12.750 3.000 360
1595 7002272 BETHESDA MD 20817 01 3.000 12.875 3.000 360
1596 7002314 ALEXANDRIA VA 22309 01 3.000 12.625 3.000 360
1597 7002322 WASHINGTON DC 20008 01 3.000 12.875 3.000 360
1598 7002330 CHARLOTTE NC 28209 01 3.000 12.500 3.000 360
1599 7002363 WASHINGTON DC 20007 01 3.000 12.625 3.000 360
1600 7002371 LISBON MD 21765 01 3.000 12.875 3.000 360
1601 7002389 BARRINGTON IL 60010 01 3.000 12.875 3.000 360
1602 7002405 WESTPORT CT 6880 01 3.000 12.875 3.000 360
1603 7002421 ACCOKEEK MD 20607 01 3.000 12.875 3.000 360
1604 7002439 GREENWICH CT 6831 01 3.000 12.375 3.000 360
1605 7002454 HIGHLAND PA IL 60035 01 3.000 12.625 3.000 360
1606 7002462 BETHESDA MD 20816 01 3.000 12.750 3.000 360
1607 7002470 BALTIMORE MD 21209 01 3.000 12.875 3.000 360
1608 7002488 COROLLA NC 27927 01 3.000 13.000 3.000 360
1609 7002561 DES PLAINES IL 60018 01 3.000 12.875 3.000 360
1610 7002611 FALLS CHURC VA 22042 01 3.000 12.875 3.000 360
1611 7002660 MATTAPOISET MA 2739 01 3.000 12.625 3.000 360
1612 7002678 STONE MOUNT GA 30088 01 3.000 12.500 3.000 360
1613 7002801 ADVANCE NC 27006 01 3.000 12.375 3.000 360
1614 7002835 GAITHERSBUR MD 20882 01 3.000 12.750 3.000 360
1615 7002868 GERMANTOWN MD 20874 01 3.000 12.625 3.000 360
</TABLE>
D-79
<PAGE>
<TABLE>
<CAPTION>
Original 03/01/98 Orig-
Remaining Principal Principal 1st due 03/01/98 inal Appraised Net
Term Bal Bal date p&i LTV Value Mtg Rate
GROUP 1 LOANS
<S> <C> <C> <C> <C> <C> <C> <C> <C>
1556 360 224,500.00 224,311.39 02/01/98 1,474.81 79.33 283,000.00 5.695
1557 359 227,000.00 226,617.49 02/01/98 1,491.23 72.76 312,000.00 5.695
1558 360 291,850.00 291,610.77 03/01/98 1,941.69 38.15 765,000.00 5.820
1559 360 195,000.00 194,823.71 03/01/98 1,232.54 83.69 233,000.00 5.320
1560 360 185,000.00 184,832.75 03/01/98 1,169.33 75.45 245,200.00 5.320
1561 358 227,150.00 226,757.74 02/01/98 1,473.30 79.42 286,000.00 5.570
1562 360 292,000.00 291,766.49 03/01/98 1,967.26 80.00 365,000.00 5.945
1563 359 160,000.00 159,730.39 02/01/98 1,051.09 82.47 194,000.00 5.695
1564 360 288,000.00 287,758.04 03/01/98 1,891.96 90.00 320,000.00 5.695
1565 359 112,000.00 111,791.97 02/01/98 698.74 89.96 124,500.00 5.195
1566 360 335,000.00 334,711.56 03/01/98 2,172.81 79.76 420,000.00 5.570
1567 359 98,000.00 92,915.62 03/01/98 635.63 80.00 122,500.00 5.570
1568 360 227,050.00 226,834.56 03/01/98 1,397.99 95.00 239,000.00 5.070
1569 359 128,000.00 127,872.57 03/01/98 767.43 80.00 160,000.00 4.820
1570 360 143,000.00 142,879.86 03/01/98 939.41 88.82 161,000.00 5.695
1571 359 153,400.00 153,115.08 02/01/98 957.02 94.98 161,500.00 5.195
1572 360 237,000.00 236,800.88 03/01/98 1,556.93 65.83 360,000.00 5.695
1573 359 506,250.00 505,391.79 02/01/98 3,325.71 75.00 675,000.00 5.695
1574 360 143,000.00 142,870.72 03/01/98 903.86 79.44 180,000.00 5.320
1575 360 100,000.00 99,915.99 03/01/98 656.93 69.93 143,000.00 5.695
1576 360 1,000,000.00 999,095.98 03/01/98 6,320.69 38.46 2,600,000.00 5.320
1577 359 274,400.00 273,926.15 02/01/98 1,779.76 80.00 343,000.00 5.570
1578 360 384,000.00 383,685.23 03/01/98 2,554.77 76.80 500,000.00 5.820
1579 359 85,400.00 85,259.59 02/01/98 568.17 94.99 89,900.00 5.820
1580 359 130,000.00 129,746.64 02/01/98 789.90 89.97 144,500.00 4.945
1581 359 100,000.00 99,818.71 02/01/98 632.07 88.11 113,500.00 5.320
1582 360 219,900.00 219,691.34 03/01/98 1,353.97 79.99 274,900.00 5.070
1583 360 547,000.00 546,529.03 03/01/98 3,547.84 64.35 850,000.00 5.570
1584 358 248,000.00 246,776.13 02/01/98 1,608.53 54.51 455,000.00 5.570
1585 360 224,700.00 224,511.22 03/01/98 1,476.12 78.84 285,000.00 5.695
1586 359 98,400.00 98,234.19 02/01/98 646.42 80.00 123,000.00 5.695
1587 359 260,800.00 260,569.89 03/01/98 1,669.94 80.00 326,000.00 5.445
1588 360 800,000.00 799,276.78 03/01/98 5,056.55 40.00 2,000,000.00 5.320
1589 359 166,250.00 165,976.65 02/01/98 1,106.07 95.00 175,000.00 5.820
1590 358 280,800.00 280,315.10 02/01/98 1,821.27 90.00 312,000.00 5.570
1591 360 288,000.00 287,763.92 03/01/98 1,916.08 71.55 402,500.00 5.820
1592 358 216,050.00 215,273.31 01/01/98 1,383.40 79.99 270,092.00 5.445
1593 359 69,250.00 69,121.38 02/01/98 432.03 94.99 72,900.00 5.195
1594 360 206,400.00 206,222.29 03/01/98 1,338.71 80.00 258,000.00 5.570
1595 360 315,000.00 314,735.36 03/01/98 2,069.33 75.00 420,000.00 5.695
1596 360 70,000.00 69,938.24 03/01/98 448.22 40.70 172,000.00 5.445
1597 360 161,300.00 161,164.48 03/01/98 1,059.63 71.06 227,000.00 5.695
1598 360 108,000.00 107,902.36 03/01/98 682.64 78.83 137,000.00 5.320
1599 360 210,000.00 209,814.71 03/01/98 1,344.66 73.68 285,000.00 5.445
1600 360 258,400.00 258,182.91 03/01/98 1,697.51 65.42 395,000.00 5.695
1601 360 168,000.00 167,858.85 03/01/98 1,103.65 80.00 210,000.00 5.695
1602 360 340,000.00 339,714.36 03/01/98 2,233.56 80.00 425,000.00 5.695
1603 359 50,000.00 49,835.75 02/01/98 328.47 11.76 425,000.00 5.695
1604 360 835,000.00 834,226.62 03/01/98 5,209.32 48.41 1,725,000.00 5.195
1605 360 456,000.00 455,597.68 03/01/98 2,919.82 72.96 625,000.00 5.445
1606 359 430,000.00 429,629.77 03/01/98 2,788.98 79.12 543,500.00 5.570
1607 360 145,000.00 144,878.18 03/01/98 952.55 87.88 165,000.00 5.695
1608 360 423,000.00 422,653.27 03/01/98 2,814.23 90.00 470,000.00 5.820
1609 359 97,600.00 97,482.01 03/01/98 641.17 80.00 122,000.00 5.695
1610 360 119,150.00 119,049.89 03/01/98 782.74 76.87 155,000.00 5.695
1611 359 320,000.00 319,717.67 03/01/98 2,049.00 66.32 482,500.00 5.445
1612 359 87,300.00 87,141.73 02/01/98 551.80 73.98 118,000.00 5.320
1613 360 96,000.00 95,911.08 03/01/98 598.92 80.00 120,000.00 5.195
1614 360 572,000.00 571,507.51 03/01/98 3,709.99 80.00 715,000.00 5.570
1615 360 118,400.00 118,295.54 03/01/98 758.13 80.00 148,000.00 5.445
</TABLE>
D-80
<PAGE>
<TABLE>
<CAPTION>
Lender
Property Paid CD pledge CD Convert- POOL-OUT
Type Occ MI (Y/N) Loan (Y/N) Amount ible Purp POOL-OUT
GROUP 1 LOANS
Loannum Outpool Conv-Y/N
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
1556 1 1 N N Y 2 0001 1,277,453 7000532 0 7000532 0001 Y
1557 1 1 N N Y 1 0001 1,290,587 7000706 0 7000706 0001 Y
1558 1 1 N N Y 3 0001 1,697,175 7000714 0 7000714 0001 Y
1559 1 1 N N Y 2 0001 1,036,462 7000730 0 7000730 0001 Y
1560 1 1 N N Y 1 0001 983,310 7000813 0 7000813 0001 Y
1561 1 1 N N Y 2 0001 1,263,041 7000862 0 7000862 0001 Y
1562 1 1 N N Y 2 0001 1,734,552 7000888 0 7000888 0001 Y
1563 1 1 N N Y 2 0001 909,665 7000938 0 7000938 0001 Y
1564 1 1 N N Y 2 0001 1,638,782 7000961 0 7000961 0001 Y
1565 3 1 N N Y 1 0001 580,759 7001019 0 7001019 0001 Y
1566 1 1 N N Y 2 0001 1,864,343 7001092 0 7001092 0001 Y
1567 1 1 N N Y 1 0001 517,540 7001100 0 7001100 0001 Y
1568 1 1 N N Y 1 0001 1,150,051 7001126 0 7001126 0001 Y
1569 1 1 N N Y 1 0001 616,346 7001142 0 7001142 0001 Y
1570 1 1 N N Y 2 0001 813,701 7001183 0 7001183 0001 Y
1571 1 1 N N Y 1 0001 795,433 7001209 0 7001209 0001 Y
1572 1 1 N N Y 3 0001 1,348,581 7001217 0 7001217 0001 Y
1573 1 1 N N Y 1 0001 2,878,206 7001274 0 7001274 0001 Y
1574 1 1 N N Y 2 0001 760,072 7001282 0 7001282 0001 Y
1575 1 1 N N Y 2 0001 569,022 7001472 0 7001472 0001 Y
1576 1 1 N N Y 2 0001 5,315,191 7001506 0 7001506 0001 Y
1577 1 1 N N Y 1 0001 1,525,769 7001530 0 7001530 0001 Y
1578 1 1 N N Y 2 0001 2,233,048 7001597 0 7001597 0001 Y
1579 1 1 N N Y 1 0001 496,211 7001647 0 7001647 0001 Y
1580 1 1 N N Y 1 0001 641,597 7001704 0 7001704 0001 Y
1581 3 1 N N Y 1 0001 531,036 7001712 0 7001712 0001 Y
1582 1 1 N N Y 1 0001 1,113,835 7001787 0 7001787 0001 Y
1583 1 1 N N Y 2 0001 3,044,167 7001852 0 7001852 0001 Y
1584 1 1 N N Y 2 0001 1,374,543 7001860 0 7001860 0001 Y
1585 1 1 N N Y 2 0001 1,278,591 7001878 0 7001878 0001 Y
1586 1 1 N N Y 1 0001 559,444 7001902 0 7001902 0001 Y
1587 1 1 N N Y 2 0001 1,418,803 7001928 0 7001928 0001 Y
1588 1 1 N N Y 2 0001 4,252,152 7001977 0 7001977 0001 Y
1589 1 1 N N Y 1 0001 965,984 7002082 0 7002082 0001 Y
1590 1 1 N N Y 1 0001 1,561,355 7002140 0 7002140 0001 Y
1591 1 1 N N Y 2 0001 1,674,786 7002157 0 7002157 0001 Y
1592 1 1 N N Y 1 0001 1,172,163 7002173 0 7002173 0001 Y
1593 3 1 N N Y 1 0001 359,086 7002181 0 7002181 0001 Y
1594 1 1 N N Y 2 0001 1,148,658 7002207 0 7002207 0001 Y
1595 2 1 N N Y 2 0001 1,792,418 7002272 0 7002272 0001 Y
1596 1 1 N N Y 3 0001 380,814 7002314 0 7002314 0001 Y
1597 3 1 N N Y 2 0001 917,832 7002322 0 7002322 0001 Y
1598 1 1 N N Y 3 0001 574,041 7002330 0 7002330 0001 Y
1599 1 1 N N Y 3 0001 1,142,441 7002363 0 7002363 0001 Y
1600 1 1 N N Y 2 0001 1,470,352 7002371 0 7002371 0001 Y
1601 1 1 N N Y 2 0001 955,956 7002389 0 7002389 0001 Y
1602 1 1 N N Y 1 0001 1,934,673 7002405 0 7002405 0001 Y
1603 1 1 N N Y 1 0001 283,815 7002421 0 7002421 0001 Y
1604 1 1 N N Y 3 0001 4,333,807 7002439 0 7002439 0001 Y
1605 1 1 N N Y 2 0001 2,480,729 7002454 0 7002454 0001 Y
1606 1 1 N N Y 2 0001 2,393,038 7002462 0 7002462 0001 Y
1607 2 1 N N Y 2 0001 825,081 7002470 0 7002470 0001 Y
1608 1 1 N N Y 1 0001 2,459,842 7002488 0 7002488 0001 Y
1609 1 1 N N Y 2 0001 555,160 7002561 0 7002561 0001 Y
1610 1 1 N N Y 2 0001 677,989 7002611 0 7002611 0001 Y
1611 1 1 N N Y 3 0001 1,740,863 7002660 0 7002660 0001 Y
1612 1 1 N N Y 3 0001 463,594 7002678 0 7002678 0001 Y
1613 3 1 N N Y 1 0001 498,258 7002801 0 7002801 0001 Y
1614 1 1 N N Y 2 0001 3,183,297 7002835 0 7002835 0001 Y
1615 1 1 N N Y 3 0001 644,119 7002868 0 7002868 0001 Y
</TABLE>
D-81
<PAGE>
<TABLE>
<CAPTION>
Maximum Minimum Original
Loan-no City State Zip Index Margin Int rate Int rate Term
GROUP 1 LOANS
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
1616 7002876 MOORESVILLE NC 28115 01 3.000 12.500 3.000 360
1617 7002918 FORT WASHIN MD 20744 01 3.000 12.625 3.000 360
1618 7002959 MOORESVILLE NC 28115 01 3.000 12.625 3.000 360
1619 7002967 MILLSTONE NJ 7728 01 3.000 12.250 3.000 360
1620 7002983 HAWTHORNE W IL 60047 01 3.000 12.750 3.000 360
1621 7003064 STERLING VA 20165 01 3.000 12.750 3.000 360
1622 7003072 GLEN ARM MD 21057 01 3.000 12.500 3.000 360
1623 7003080 LUTHERVILLE MD 21093 01 3.000 12.500 3.000 360
1624 7003098 ALEXANDRIA VA 22315 01 3.000 12.625 3.000 360
1625 7003130 GREAT FALLS VA 22066 01 3.000 12.500 3.000 360
1626 7003189 MCLEAN VA 22101 01 3.000 12.750 3.000 360
1627 7003239 HAMILTON VA 20158 01 3.000 12.250 3.000 360
1628 7003262 DEERFIELD IL 60015 01 3.000 12.500 3.000 360
1629 7003296 ALPHARETTA GA 30004 01 3.000 12.750 3.000 360
1630 7003304 ROCKVILLE MD 20850 01 3.000 12.625 3.000 360
1631 7003361 GLENN DALE MD 20769 01 3.000 12.750 3.000 360
1632 7003403 BURLINGTON NC 27215 01 3.000 12.250 3.000 360
1633 7003445 CHAPEL HILL NC 27514 01 3.000 12.625 3.000 360
1634 7003569 DAVIDSON NC 28036 01 3.000 12.625 3.000 360
1635 7003593 CROFTON MD 21114 01 3.000 12.500 3.000 360
1636 7003635 FREDERICK MD 21702 01 3.000 12.500 3.000 360
1637 7003684 OLNEY MD 20832 01 3.000 12.000 3.000 360
1638 7003692 CORNELIUS NC 28031 01 3.000 12.750 3.000 360
1639 7003718 COLUMBIA MD 21044 01 3.000 12.750 3.000 360
1640 7003791 BETHANY BEA DE 19930 01 3.000 12.750 3.000 360
1641 7003858 BETHESDA MD 20816 01 3.000 12.500 3.000 360
1642 7003890 WILTON CT 6897 01 3.000 12.125 3.000 360
1643 7003965 CHICAGO IL 60614 01 3.000 12.375 3.000 360
1644 7004070 GAITHERSBUR MD 20877 01 3.000 12.750 3.000 360
1645 7004187 SYKESVILLE MD 21784 01 3.000 12.500 3.000 360
1646 7004260 LANDENBURG PA 19350 01 3.300 13.150 3.300 360
1647 7004278 COLUMBIA SC 29205 01 3.000 12.625 3.000 360
1648 7004310 SPRINGFIELD VA 22153 01 3.000 12.750 3.000 360
1649 7004385 MILLERS MD 21102 01 3.000 12.500 3.000 360
1650 7004476 MATTHEWS NC 28105 01 3.000 12.750 3.000 360
1651 7004542 ARLINGTON VA 22206 01 3.000 12.500 3.000 360
1652 7004690 FAIRFAX VA 22030 01 3.000 12.625 3.000 360
1653 7004708 WASHINGTON DC 20007 01 3.000 12.625 3.000 360
1654 7004765 CHICAGO IL 60614 01 3.000 12.750 3.000 360
1655 7005051 POTOMAC MD 20854 01 3.000 12.625 3.000 360
1656 7005077 GLENCOE IL 60022 01 3.000 12.625 3.000 360
1657 7005101 MIDLOTHIAN VA 23112 01 3.000 11.875 3.000 360
1658 7005218 COLUMBIA SC 29205 01 3.000 12.125 3.000 360
1659 7005580 VOORHEES NJ 8043 01 3.000 12.125 3.000 360
1660 7005820 LEESBURG VA 20175 01 3.000 12.250 3.000 360
1661 7005960 CENTREVILLE VA 20120 01 3.000 12.625 3.000 360
1662 7006042 ALEXANDRIA VA 22301 01 3.000 12.375 3.000 360
1663 7006117 SILVER SPRI MD 20910 01 3.000 12.125 3.000 360
1664 7006174 BELMONT MA 2178 01 3.000 12.625 3.000 360
1665 7006240 FAIRFAX STA VA 22039 01 3.000 12.000 3.000 360
1666 7006851 RESTON VA 20194 01 3.000 12.500 3.000 360
1667 7006927 POTOMAC MD 20854 01 3.000 12.375 3.000 360
1668 7007438 STERLING VA 20165 01 3.000 12.500 3.000 360
1669 7007479 WALDORF MD 20603 01 3.000 12.500 3.000 360
1670 7008253 POTOMAC MD 20854 01 3.000 12.250 3.000 360
1671 7008311 WASHINGTON DC 20008 01 3.000 12.375 3.000 360
1672 7008493 RESTON VA 20191 01 3.000 12.500 3.000 360
1673 7009988 FAIRFAX VA 22031 01 3.000 11.750 3.000 360
1674 7010721 POTOMAC MD 20854 01 3.000 12.000 3.000 360
1675 7011026 HIGH POINT NC 27265 01 3.000 11.750 3.000 360
</TABLE>
D-82
<PAGE>
<TABLE>
<CAPTION>
Original 03/01/98 Orig-
Remaining Principal Principal 1st due 03/01/98 inal Appraised Net
Term Bal Bal date p&i LTV Value Mtg Rate
GROUP 1 LOANS
<S> <C> <C> <C> <C> <C> <C> <C> <C>
1616 359 125,950.00 125,721.66 02/01/98 796.09 73.23 172,000.00 5.320
1617 359 120,000.00 119,894.12 03/01/98 768.38 43.64 275,000.00 5.445
1618 359 134,100.00 133,862.71 02/01/98 858.66 88.28 151,900.00 5.445
1619 360 168,000.00 167,840.59 03/01/98 1,034.41 73.04 230,000.00 5.070
1620 359 260,000.00 259,551.02 02/01/98 1,686.36 80.00 325,000.00 5.570
1621 360 247,000.00 246,787.33 03/01/98 1,602.04 74.17 333,000.00 5.570
1622 360 870,000.00 869,213.50 03/01/98 5,499.00 61.05 1,425,000.00 5.320
1623 360 650,000.00 649,412.38 03/01/98 4,108.45 46.43 1,400,000.00 5.320
1624 359 175,000.00 174,845.60 03/01/98 1,120.55 87.50 200,000.00 5.445
1625 359 600,000.00 598,912.24 02/01/98 3,792.41 73.17 820,000.00 5.320
1626 360 326,800.00 326,518.63 03/01/98 2,119.62 58.78 556,000.00 5.570
1627 360 256,000.00 255,757.09 03/01/98 1,576.24 80.00 320,000.00 5.070
1628 359 171,250.00 171,095.18 03/01/98 1,082.42 36.83 465,000.00 5.320
1629 360 600,000.00 599,483.41 03/01/98 3,891.59 80.00 750,000.00 5.570
1630 360 312,000.00 311,724.72 03/01/98 1,997.78 80.00 390,000.00 5.445
1631 360 236,000.00 235,796.80 03/01/98 1,530.70 85.82 275,000.00 5.570
1632 360 73,000.00 72,930.73 03/01/98 449.48 78.49 93,000.00 5.070
1633 359 494,000.00 493,125.90 02/01/98 3,163.14 65.87 750,000.00 5.445
1634 359 227,150.00 226,949.59 03/01/98 1,454.47 66.81 340,000.00 5.445
1635 360 161,600.00 161,453.90 03/01/98 1,021.43 80.00 202,000.00 5.320
1636 360 203,250.00 203,066.26 03/01/98 1,284.68 77.87 261,000.00 5.320
1637 360 213,750.00 213,537.21 03/01/98 1,281.54 75.00 285,000.00 4.820
1638 360 140,600.00 140,478.94 03/01/98 911.93 95.00 148,000.00 5.570
1639 359 230,600.00 230,401.46 03/01/98 1,495.67 67.82 340,000.00 5.570
1640 359 170,000.00 169,853.63 03/01/98 1,102.62 64.89 262,000.00 5.570
1641 359 328,000.00 327,703.48 03/01/98 2,073.19 80.00 410,000.00 5.320
1642 360 465,925.00 465,472.15 03/01/98 2,831.01 79.99 582,500.00 4.945
1643 359 185,100.00 184,728.55 03/01/98 1,154.79 74.04 250,000.00 5.195
1644 359 180,000.00 179,845.02 03/01/98 1,167.48 75.00 240,000.00 5.570
1645 359 240,000.00 239,783.03 03/01/98 1,516.97 75.00 320,000.00 5.320
1646 360 282,700.00 282,475.05 03/01/98 1,909.37 89.99 314,149.00 5.570
1647 359 158,300.00 158,160.33 03/01/98 1,013.62 79.99 197,900.00 5.445
1648 360 85,000.00 84,926.81 03/01/98 551.31 68.00 125,000.00 5.570
1649 360 215,000.00 214,805.63 03/01/98 1,358.95 80.00 268,750.00 5.320
1650 360 222,500.00 222,308.42 03/01/98 1,443.14 71.31 312,000.00 5.570
1651 360 121,600.00 121,490.07 03/01/98 768.60 80.00 152,000.00 5.320
1652 359 132,000.00 131,883.53 03/01/98 845.22 80.00 165,000.00 5.445
1653 360 215,200.00 215,010.13 03/01/98 1,377.95 80.00 269,000.00 5.445
1654 360 489,000.00 488,578.97 03/01/98 3,171.65 69.36 705,000.00 5.570
1655 360 700,000.00 699,382.40 03/01/98 4,482.18 72.54 965,000.00 5.445
1656 360 245,000.00 244,783.83 03/01/98 1,568.77 52.13 470,000.00 5.445
1657 359 144,800.00 144,652.37 03/01/98 856.55 80.00 181,000.00 4.695
1658 359 195,000.00 194,810.46 03/01/98 1,184.85 37.14 525,000.00 4.945
1659 360 160,000.00 159,844.49 03/01/98 972.18 58.18 275,000.00 4.945
1660 360 221,000.00 220,790.30 03/01/98 1,360.74 58.93 375,000.00 5.070
1661 360 280,000.00 279,752.95 03/01/98 1,792.88 80.00 350,000.00 5.445
1662 359 201,000.00 200,813.83 03/01/98 1,253.98 78.67 255,500.00 5.195
1663 360 195,600.00 195,409.88 03/01/98 1,188.49 80.00 244,500.00 4.945
1664 360 248,000.00 247,781.19 03/01/98 1,587.98 80.00 310,000.00 5.445
1665 359 307,000.00 306,694.37 03/01/98 1,840.63 79.33 387,000.00 4.820
1666 360 275,200.00 274,951.21 03/01/98 1,739.46 80.00 344,000.00 5.320
1667 360 755,000.00 754,300.72 03/01/98 4,710.22 74.75 1,010,000.00 5.195
1668 360 156,000.00 155,858.97 03/01/98 986.03 80.00 195,000.00 5.320
1669 359 172,800.00 172,543.78 03/01/98 1,092.22 95.00 181,900.00 5.320
1670 360 440,000.00 439,582.51 03/01/98 2,709.16 80.00 550,000.00 5.070
1671 360 425,000.00 424,606.36 03/01/98 2,651.45 70.83 600,000.00 5.195
1672 360 232,000.00 231,790.27 03/01/98 1,466.40 80.00 290,000.00 5.320
1673 360 327,100.00 326,758.48 03/01/98 1,908.87 79.99 408,902.00 4.570
1674 359 520,000.00 519,482.33 03/01/98 3,117.67 80.00 650,000.00 4.820
1675 360 135,000.00 134,859.04 03/01/98 787.83 60.54 223,000.00 4.570
</TABLE>
D-83
<PAGE>
<TABLE>
<CAPTION>
Lender
Property Paid CD pledge CD Convert- POOL-OUT
Type Occ MI (Y/N) Loan (Y/N) Amount ible Purp POOL-OUT
GROUP 1 LOANS
Loannum Outpool Conv-Y/N
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
1616 1 1 N N Y 3 0001 668,839 7002876 0 7002876 0001 Y
1617 1 1 N N Y 3 0001 652,823 7002918 0 7002918 0001 Y
1618 3 1 N N Y 1 0001 728,882 7002959 0 7002959 0001 Y
1619 1 1 N N Y 3 0001 850,952 7002967 0 7002967 0001 Y
1620 1 1 N N Y 1 0001 1,445,699 7002983 0 7002983 0001 Y
1621 1 1 N N Y 2 0001 1,374,605 7003064 0 7003064 0001 Y
1622 1 1 N N Y 2 0001 4,624,216 7003072 0 7003072 0001 Y
1623 1 1 N N Y 2 0001 3,454,874 7003080 0 7003080 0001 Y
1624 1 1 N N Y 2 0001 952,034 7003098 0 7003098 0001 Y
1625 1 1 N N Y 2 0001 3,186,213 7003130 0 7003130 0001 Y
1626 1 1 N N Y 2 0001 1,818,709 7003189 0 7003189 0001 Y
1627 1 1 N N Y 1 0001 1,296,688 7003239 0 7003239 0001 Y
1628 1 1 N N Y 2 0001 910,226 7003262 0 7003262 0001 Y
1629 1 1 N N Y 3 0001 3,339,123 7003296 0 7003296 0001 Y
1630 1 1 N N Y 2 0001 1,697,341 7003304 0 7003304 0001 Y
1631 1 1 N N Y 2 0001 1,313,388 7003361 0 7003361 0001 Y
1632 1 1 N N Y 1 0001 369,759 7003403 0 7003403 0001 Y
1633 1 1 N N Y 2 0001 2,685,071 7003445 0 7003445 0001 Y
1634 1 1 N N Y 2 0001 1,235,741 7003569 0 7003569 0001 Y
1635 1 1 N N Y 1 0001 858,935 7003593 0 7003593 0001 Y
1636 1 1 N N Y 2 0001 1,080,313 7003635 0 7003635 0001 Y
1637 1 1 N N Y 3 0001 1,029,249 7003684 0 7003684 0001 Y
1638 3 1 N N Y 1 0001 782,468 7003692 0 7003692 0001 Y
1639 1 1 N N Y 2 0001 1,283,336 7003718 0 7003718 0001 Y
1640 1 1 N N Y 2 0001 946,085 7003791 0 7003791 0001 Y
1641 1 1 N N Y 2 0001 1,743,383 7003858 0 7003858 0001 Y
1642 1 1 N N Y 1 0001 2,301,760 7003890 0 7003890 0001 Y
1643 2 1 N N Y 2 0001 959,665 7003965 0 7003965 0001 Y
1644 1 1 N N Y 2 0001 1,001,737 7004070 0 7004070 0001 Y
1645 1 1 N N Y 3 0001 1,275,646 7004187 0 7004187 0001 Y
1646 1 1 Y N Y 1 0001 1,573,386 7004260 0 7004260 0001 Y
1647 1 1 N N Y 1 0001 861,183 7004278 0 7004278 0001 Y
1648 2 1 N N Y 2 0001 473,042 7004310 0 7004310 0001 Y
1649 1 1 N N Y 1 0001 1,142,766 7004385 0 7004385 0001 Y
1650 1 1 N N Y 2 0001 1,238,258 7004476 0 7004476 0001 Y
1651 3 1 N N Y 2 0001 646,327 7004542 0 7004542 0001 Y
1652 1 1 N N Y 3 0001 718,106 7004690 0 7004690 0001 Y
1653 1 1 N N Y 3 0001 1,170,730 7004708 0 7004708 0001 Y
1654 1 1 N N Y 2 0001 2,721,385 7004765 0 7004765 0001 Y
1655 1 1 N N Y 2 0001 3,808,137 7005051 0 7005051 0001 Y
1656 1 1 N N Y 2 0001 1,332,848 7005077 0 7005077 0001 Y
1657 1 1 N N Y 1 0001 679,143 7005101 0 7005101 0001 Y
1658 1 1 N N Y 1 0001 963,338 7005218 0 7005218 0001 Y
1659 1 1 N N Y 3 0001 790,431 7005580 0 7005580 0001 Y
1660 1 1 N N Y 2 0001 1,119,407 7005820 0 7005820 0001 Y
1661 1 1 N N Y 2 0001 1,523,255 7005960 0 7005960 0001 Y
1662 1 1 N N Y 2 0001 1,043,228 7006042 0 7006042 0001 Y
1663 1 1 N N Y 1 0001 966,302 7006117 0 7006117 0001 Y
1664 1 1 N N Y 2 0001 1,349,169 7006174 0 7006174 0001 Y
1665 1 1 N N Y 1 0001 1,478,267 7006240 0 7006240 0001 Y
1666 1 1 N N Y 2 0001 1,462,740 7006851 0 7006851 0001 Y
1667 1 1 N N Y 2 0001 3,918,592 7006927 0 7006927 0001 Y
1668 2 1 N N Y 2 0001 829,170 7007438 0 7007438 0001 Y
1669 1 1 N N Y 1 0001 917,933 7007479 0 7007479 0001 Y
1670 2 1 N N Y 2 0001 2,228,683 7008253 0 7008253 0001 Y
1671 1 1 N N Y 2 0001 2,205,830 7008311 0 7008311 0001 Y
1672 1 1 N N Y 2 0001 1,233,124 7008493 0 7008493 0001 Y
1673 1 1 N N Y 1 0001 1,493,286 7009988 0 7009988 0001 Y
1674 1 1 N N Y 2 0001 2,503,905 7010721 0 7010721 0001 Y
1675 1 1 N N Y 2 0001 616,306 7011026 0 7011026 0001 Y
</TABLE>
D-84
<PAGE>
<TABLE>
<CAPTION>
Maximum Minimum Original
Loan-no City State Zip Index Margin Int rate Int rate Term
GROUP I LOANS
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
1676 7011554 MCLEAN VA 22101 01 3.000 12.625 3.000 360
1677 7012636 WILMINGTON NC 28409 01 3.000 12.500 3.000 360
1678 7012701 KENSINGTON MD 20895 01 3.000 11.875 3.000 360
1679 7012719 LAKE FOREST IL 60045 01 3.000 12.625 3.000 360
1680 7012743 MCLEAN VA 22101 01 3.000 12.250 3.000 360
1681 7012818 ELLICOT CIT MD 21043 01 3.000 12.625 3.000 360
1682 7013014 TOWSON MD 21286 01 3.000 12.500 3.000 360
1683 7016207 TORRINGTON CT 6790 01 3.000 12.875 3.000 360
1684 7016462 POTOMAC MD 20854 01 3.000 12.250 3.000 360
1685 7018237 RALEIGH NC 27608 01 3.000 12.250 3.000 360
1686 7018252 RALEIGH NC 27613 01 3.000 12.625 3.000 360
1687 7021694 SPRINGFIELD VA 22152 01 3.000 12.625 3.000 360
GROUP II
1 0342618 WASHINGTON DC 20037 05 3.750 uncapped 3.750 360
2 0345827 FALLS CHURC VA 22042 05 3.750 uncapped 3.750 360
3 0346429 FALLS CHURC VA 22042 05 3.750 uncapped 3.750 360
4 0346510 STERLING VA 22170 05 3.750 uncapped 3.750 360
5 0346528 STERLING VA 22170 05 3.750 uncapped 3.750 360
6 0347690 FAIRFAX VA 22031 03 3.750 uncapped 3.750 300
7 0348532 ROCKVILLE MD 20850 03 3.750 uncapped 3.750 360
8 0349498 ARLINGTON VA 22203 03 4.000 15.250 4.000 360
9 0349589 ARLINGTON VA 22203 03 4.000 15.250 4.000 360
10 0349795 ARLINGTON VA 22203 03 4.000 15.250 4.000 360
11 0349811 ARLINGTON VA 22203 03 4.000 15.250 4.000 360
12 0675629 JAMAICA PLA MA 2130 03 2.750 14.500 2.750 360
13 0677385 SCITUATE MA 2066 03 2.750 14.500 2.750 360
14 0680801 WALTHAM MA 2154 03 2.750 15.250 2.750 480
15 0721886 LAWRENCEVIL GA 30245 03 2.750 15.250 2.750 480
16 0767202 FAIRFAX VA 22033 05 2.750 15.000 2.750 360
17 0815019 WASHINGTON DC 20015 05 2.750 15.000 2.750 360
18 0815472 WASHINGTON DC 20009 03 2.750 16.000 2.750 360
19 0837351 BURKE VA 22015 01 3.000 13.875 3.000 480
20 0843532 SPRINGFIELD VA 22150 01 3.000 12.500 3.000 480
21 0844894 FALLS CHURC VA 22046 03 2.750 15.500 2.750 360
22 0848606 STAFFORD VA 22554 01 3.000 12.125 3.000 360
23 0856229 BOWIE MD 20716 05 2.750 15.500 2.750 360
24 0859058 MITCHELLVIL MD 20716 01 3.000 15.125 3.000 480
25 0862771 MARIETTA GA 30060 05 2.750 15.000 2.750 360
26 0867572 MEDFIELD MA 2052 05 2.750 15.000 2.750 360
27 0877035 STERLING VA 22170 01 3.000 12.625 3.000 480
28 0885566 DAMASCUS MD 20872 03 2.750 15.500 2.750 360
29 0891028 LAUREL MD 20707 01 3.000 12.000 3.000 480
30 0899294 ALEXANDRIA VA 22304 01 3.000 13.750 3.000 360
31 0900795 ASHBURN VA 22011 01 3.000 12.000 3.000 360
32 0901710 STERLING VA 22170 01 3.000 12.125 3.000 360
33 0902049 STERLING VA 22170 01 3.000 12.125 3.000 360
34 0947101 BOWIE MD 20716 03 2.750 15.250 2.750 360
35 0973834 CROFTON MD 21114 01 3.000 13.625 3.000 480
36 0990259 SILVER SPRI MD 20902 01 3.000 13.125 3.000 360
37 1044783 STERLING VA 22170 01 3.000 12.000 3.000 360
38 1050160 STERLING VA 22170 01 3.000 12.125 3.000 360
39 1153337 POTOMAC MD 20854 01 3.000 21.875 3.000 360
40 1161280 SILVER SPRI MD 20906 01 3.000 14.500 3.000 360
41 1164995 HERNDON VA 22071 01 3.500 14.750 3.500 360
42 1184233 CATONSVILLE MD 21228 01 3.250 13.375 3.250 360
43 1184647 SILVER SPRI MD 20906 01 3.250 14.750 3.250 360
44 1189042 WASHINGTON DC 20037 01 3.000 12.000 3.000 360
45 1200880 SILVER SPRI MD 20904 01 3.250 13.000 3.250 360
</TABLE>
D-85
<PAGE>
<TABLE>
<CAPTION>
Original 03/01/98 Orig-
Remaining Principal Principal 1st due 03/01/98 inal Appraised Net
Term Bal Bal date p&i LTV Value Mtg Rate
GROUP 1 LOANS
<S> <C> <C> <C> <C> <C> <C> <C> <C>
1676 360 533,400.00 532,929.39 03/01/98 3,415.42 66.68 800,000.00 5.445
1677 360 650,000.00 649,412.38 03/01/98 4,108.45 54.17 1,200,000.00 5.320
1678 358 118,000.00 117,880.28 03/01/98 698.02 80.00 147,500.00 4.695
1679 360 320,000.00 319,717.67 03/01/98 2,049.00 72.73 440,000.00 5.445
1680 359 145,000.00 144,862.42 03/01/98 892.79 45.31 320,000.00 5.070
1681 360 320,000.00 319,717.67 03/01/98 2,049.00 80.00 400,000.00 5.445
1682 359 150,000.00 149,864.39 03/01/98 948.11 55.09 272,300.00 5.320
1683 360 175,000.00 174,852.97 03/01/98 1,149.63 78.83 222,000.00 5.695
1684 360 700,000.00 699,335.80 03/01/98 4,310.03 71.94 973,000.00 5.070
1685 360 375,000.00 374,644.18 03/01/98 2,308.94 70.75 530,000.00 5.070
1686 360 128,800.00 128,686.35 03/01/98 824.73 80.00 161,000.00 5.445
1687 359 179,050.00 178,892.03 03/01/98 1,146.48 94.99 188,500.00 5.445
-------------- -------------- -----
358,283,637.00 355,425,133.61 5.650
============== ============== =====
</TABLE>
<TABLE>
<CAPTION>
Original 03/01/98 Orig-
Remaining Principal Principal 1st due 03/01/98 inal Appraised Net
Term Bal Bal date p&i LTV Value Mtg Rate
GROUP II LOANS
<S> <C> <C> <C> <C> <C> <C> <C> <C>
1 150 38,250.00 30,408.50 09/01/80 362.82 90.00 42,500.00 9.070
2 152 37,300.00 29,798.08 11/01/80 345.42 70.38 53,000.00 8.695
3 153 37,300.00 30,051.29 12/01/80 351.60 90.00 41,444.00 8.945
4 152 25,300.00 20,298.65 11/01/80 235.30 85.00 29,765.00 8.695
5 152 26,100.00 20,941.14 11/01/80 242.75 85.00 30,706.00 8.695
6 94 81,300.00 50,850.15 01/01/81 777.94 62.54 130,000.00 8.445
7 156 57,950.00 45,720.25 03/01/81 509.78 61.32 94,500.00 8.195
8 293 62,000.00 52,545.34 04/01/82 489.69 89.99 68,900.00 9.070
9 298 50,800.00 37,071.38 05/01/82 327.57 89.91 56,500.00 8.445
10 293 62,000.00 52,640.75 05/01/82 490.57 89.99 68,900.00 9.070
11 293 60,000.00 50,849.91 05/01/82 473.88 89.97 66,690.00 9.070
12 227 189,000.00 165,199.97 02/01/87 1,455.35 90.00 210,000.00 7.195
13 230 100,000.00 87,857.64 05/01/87 735.91 55.56 180,000.00 6.570
14 356 300,000.00 287,976.60 11/01/87 2,323.57 75.00 400,000.00 7.820
15 353 112,000.00 107,703.93 08/01/87 870.52 95.00 117,900.00 7.820
16 248 136,000.00 122,234.48 11/01/88 1,001.16 80.00 170,000.00 6.695
17 249 100,000.00 89,107.18 12/01/88 728.22 34.25 292,000.00 6.570
18 247 1,665,000.00 1,518,198.46 11/01/88 13,399.26 90.00 1,850,000.00 7.695
19 365 107,000.00 101,099.90 09/01/88 684.57 84.99 125,900.00 5.945
20 367 139,400.00 138,732.36 10/01/88 872.24 89.99 154,900.00 5.320
21 252 202,350.00 184,722.59 03/01/89 1,591.38 95.00 213,000.00 7.445
22 250 153,300.00 138,427.93 01/01/89 983.76 89.99 170,350.00 4.945
23 248 113,900.00 103,252.52 12/01/88 868.69 95.00 119,900.00 7.070
24 373 173,750.00 168,172.62 05/01/89 1,037.15 89.99 193,075.00 5.195
25 247 67,400.00 60,347.80 10/01/88 490.39 74.97 89,900.00 6.570
26 249 400,000.00 359,478.61 11/01/88 2,939.54 78.43 510,000.00 6.695
27 374 149,500.00 146,686.81 05/01/89 916.79 89.79 166,500.00 5.320
28 254 135,850.00 117,950.96 05/01/89 1,174.80 93.37 145,500.00 9.070
29 379 193,500.00 185,917.77 10/01/89 1,098.34 90.00 215,000.00 4.820
30 266 210,400.00 189,611.35 05/01/90 1,407.47 94.77 222,000.00 5.820
31 279 151,650.00 137,993.77 06/01/91 919.89 94.99 159,650.00 4.820
32 285 175,950.00 159,350.02 01/01/92 1,079.28 94.60 186,000.00 4.945
33 286 204,000.00 187,841.68 01/01/92 1,252.22 94.66 215,500.00 4.945
34 272 214,200.00 196,851.90 11/01/90 1,685.29 79.99 267,770.00 7.695
35 395 154,700.00 148,527.31 02/01/91 1,028.48 88.91 174,000.00 6.445
36 278 206,100.00 187,983.64 05/01/91 1,340.96 91.60 225,000.00 5.570
37 285 182,400.00 156,172.73 01/01/92 1,104.28 95.00 192,000.00 4.820
38 287 190,950.00 175,172.02 02/01/92 1,168.22 95.00 201,000.00 4.945
39 296 95,000.00 88,160.82 12/01/92 571.35 11.59 820,000.00 4.820
40 297 94,000.00 88,375.27 12/01/92 721.85 62.67 150,000.00 7.445
41 298 211,850.00 199,504.92 01/01/93 1,384.26 95.00 223,000.00 5.570
42 299 88,000.00 82,981.18 02/01/93 683.51 80.00 110,000.00 7.570
43 299 156,000.00 146,281.16 03/01/93 1,211.99 60.00 260,000.00 7.570
44 299 86,250.00 80,262.57 02/01/93 518.64 75.00 115,000.00 4.820
45 302 185,250.00 174,592.25 05/01/93 1,232.48 95.00 195,000.00 5.820
</TABLE>
D-86
<PAGE>
<TABLE>
<CAPTION>
Lender
Property Paid CD pledge CD Convert- POOL-OUT
Type Occ MI (Y/N) Loan (Y/N) Amount ible Purp POOL-OUT
GROUP I LOANS
Loannum Outpool Conv-Y/N
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
1676 1 1 N N Y 2 0001 2,901,801 7011554 0 7011554 0001 Y
1677 1 1 N N Y 2 0001 3,454,874 7012636 0 7012636 0001 Y
1678 1 1 N N Y 1 0001 553,448 7012701 0 7012701 0001 Y
1679 1 1 N N Y 2 0001 1,740,863 7012719 0 7012719 0001 Y
1680 1 1 N N Y 2 0001 734,452 7012743 0 7012743 0001 Y
1681 1 1 N N Y 2 0001 1,740,863 7012818 0 7012818 0001 Y
1682 1 1 N N Y 2 0001 797,279 7013014 0 7013014 0001 Y
1683 1 1 N N Y 2 0001 995,788 7016207 0 7016207 0001 Y
1684 1 1 N N Y 2 0001 3,545,633 7016462 0 7016462 0001 Y
1685 1 1 N N Y 2 0001 1,899,446 7018237 0 7018237 0001 Y
1686 1 1 N N Y 1 0001 700,697 7018252 0 7018252 0001 Y
1687 2 1 N N Y 1 0001 974,067 7021694 0 7021694 0001 Y
--------- ---------
37,171.00 0
=========
GROUP II LOANS
1 3 1 N N N 1 0002 275,805 0342618 0 0342618 0002 N
2 3 1 N N N 1 0002 259,094 0345827 0 0345827 0002 N
3 3 1 N N N 1 0002 268,809 0346429 0 0346429 0002 N
4 3 1 N N N 1 0002 176,497 0346510 0 0346510 0002 N
5 3 1 N N N 1 0002 182,083 0346528 0 0346528 0002 N
6 3 1 N N N 2 0002 429,430 0347690 0 0347690 0002 N
7 3 1 N N N 2 0002 374,677 0348532 0 0348532 0002 N
8 5 1 N N N 1 0002 476,586 0349498 0 0349498 0002 N
9 5 1 N N N 1 0002 313,068 0349589 0 0349589 0002 N
10 5 1 N N N 2 0002 477,452 0349795 0 0349795 0002 N
11 5 1 N N N 1 0002 461,209 0349811 0 0349811 0002 N
12 5 1 N N N 1 0002 1,188,614 0675629 0 0675629 0002 N
13 1 1 N N N 2 0002 577,225 0677385 0 0677385 0002 N
14 1 1 N N N 1 0002 2,251,977 0680801 0 0680801 0002 N
15 5 1 N N N 1 0002 842,245 0721886 0 0721886 0002 N
16 2 1 N N Y 1 0002 818,360 0767202 0 0767202 0002 Y
17 1 1 N N Y 2 0002 585,434 0815019 0 0815019 0002 Y
18 1 1 N N Y 1 0002 11,682,537 0815472 0 0815472 0002 Y
19 2 1 N N N 1 0002 601,039 0837351 0 0837351 0002 N
20 1 1 N N N 1 0002 738,056 0843532 0 0843532 0002 N
21 1 1 N N Y 1 0002 1,375,260 0844894 0 0844894 0002 Y
22 1 1 N N N 1 0002 684,526 0848606 0 0848606 0002 N
23 1 1 N N Y 1 0002 729,995 0856229 0 0856229 0002 Y
24 1 1 N N N 1 0002 873,657 0859058 0 0859058 0002 N
25 1 1 N N Y 1 0002 396,485 0862771 0 0862771 0002 Y
26 1 1 N N Y 1 0002 2,406,709 0867572 0 0867572 0002 Y
27 2 1 N N N 1 0002 780,374 0877035 0 0877035 0002 N
28 1 1 N N Y 1 0002 1,069,815 0885566 0 0885566 0002 Y
29 1 1 N N N 1 0002 896,124 0891028 0 0891028 0002 N
30 3 1 N N N 1 0002 1,103,538 0899294 0 0899294 0002 N
31 2 1 N N N 1 0002 665,130 0900795 0 0900795 0002 N
32 2 1 N N N 1 0002 787,986 0901710 0 0901710 0002 N
33 2 1 N N N 1 0002 928,877 0902049 0 0902049 0002 N
34 1 1 N N N 1 0002 1,514,775 0947101 0 0947101 0002 N
35 1 1 N N N 1 0002 957,259 0973834 0 0973834 0002 N
36 2 1 N N N 1 0002 1,047,069 0990259 0 0990259 0002 N
37 2 1 N N N 1 0002 752,753 1044783 0 1044783 0002 N
38 2 1 N N N 1 0002 866,226 1050160 0 1050160 0002 N
39 1 1 N N N 2 0002 424,935 1153337 0 1153337 0002 N
40 1 1 N N N 2 0002 657,954 1161280 0 1161280 0002 N
41 1 1 N N N 1 0002 1,111,242 1164995 0 1164995 0002 N
42 1 1 N N N 1 0002 628,168 1184233 0 1184233 0002 N
43 1 1 N N N 1 0002 1,107,348 1184647 0 1184647 0002 N
44 3 1 N N N 2 0002 386,866 1189042 0 1189042 0002 N
45 2 1 N N N 1 0002 1,016,127 1200880 0 1200880 0002 N
</TABLE>
D-87
<PAGE>
<TABLE>
<CAPTION>
Maximum Minimum Original
Loan-no City State Zip Index Margin Int rate Int rate Term
GROUP II LOANS
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
46 1211994 BALTIMORE MD 21224 01 3.250 14.750 3.250 360
47 1217769 GERMANTOWN MD 20874 01 3.000 12.750 3.000 360
48 1226208 ALEXANDRIA VA 22314 01 3.000 12.625 3.000 360
49 1236983 ANNAPOLIS MD 21401 01 3.000 12.875 3.000 360
50 1237213 ROCKVILLE MD 20853 01 3.000 12.875 3.000 360
51 1238088 COCKEYSVILL MD 21030 01 3.000 12.625 3.000 360
52 1240316 SILVER SPRI MD 20906 01 3.250 12.750 3.250 360
53 1243757 WASHINGTON DC 20008 01 3.000 12.500 3.000 360
54 1243880 FREDERICK MD 21701 01 3.000 12.625 3.000 360
55 1243898 SILVER SPRI MD 20910 01 3.000 12.625 3.000 360
56 1244433 SILVER SPRI MD 20910 01 3.250 12.875 3.250 360
57 1249531 ASHBURN VA 22011 01 3.000 12.625 3.000 360
58 1252733 ROCKVILLE MD 20852 01 3.000 12.500 3.000 360
59 1253475 SPRINGFIELD VA 22153 01 3.250 12.250 3.250 360
60 1253525 CENTREVILLE VA 22020 01 3.250 12.750 3.250 360
61 1260447 BETHESDA MD 20817 03 3.000 12.500 3.000 360
62 1263508 WASHINGTON DC 20016 01 3.250 12.625 3.250 360
63 1265339 HERNDON VA 22070 03 3.000 12.875 3.000 360
64 1266287 WESTMINSTER MD 21157 01 3.250 13.000 3.250 360
65 1268374 SILVER SPRI MD 20903 01 3.000 12.625 3.000 360
66 1268770 JESSUP MD 20794 01 3.000 12.625 3.000 360
67 1269703 STERLING VA 20165 01 3.000 12.125 3.000 360
68 1271527 STERLING VA 20164 01 3.000 12.375 3.000 360
69 1274919 WASHINGTON DC 20009 01 3.250 12.750 3.250 360
70 1282367 BURKE VA 22015 01 3.000 12.375 3.000 360
71 1284496 FAIRFAX VA 22033 01 3.000 12.375 3.000 360
72 1287929 MIDLOTHIAN VA 23113 01 3.000 12.125 3.000 360
73 1294180 CENTREVILLE VA 22020 01 3.000 12.500 3.000 360
74 1301035 BETHESDA MD 20817 01 3.250 12.750 3.250 360
75 1302181 VIENNA VA 22181 01 3.250 12.625 3.250 360
76 1318237 WHEATON MD 20902 01 3.000 11.875 3.000 360
77 1331032 RESTON VA 22091 01 3.000 12.125 3.000 360
78 1331990 COLUMBIA MD 21044 01 3.000 12.125 3.000 360
79 1332220 ALEXANDRIA VA 22304 01 3.000 12.375 3.000 360
80 1333988 ALEXANDRIA VA 22301 01 3.250 12.250 3.250 360
81 1340868 BALTIMORE MD 21204 01 3.000 12.500 3.000 360
82 1342674 HERNDON VA 22070 01 3.250 12.750 3.250 360
83 1359025 CENTREVILLE VA 22020 01 3.000 13.375 3.000 360
84 1360486 WASHINGTON DC 20009 01 3.250 12.500 3.250 360
85 1360767 LORTON VA 22079 01 3.000 12.375 3.000 360
86 1361138 WASHINGTON DC 20008 01 3.250 12.625 3.250 360
87 1362383 KENSINGTON MD 20895 01 3.250 12.625 3.250 360
88 1365493 CENTREVILLE VA 22020 01 3.000 12.625 3.000 360
89 1365790 WASHINGTON DC 20003 01 3.000 12.500 3.000 360
90 1382399 CHESAPEAKE VA 23321 01 2.750 12.375 2.750 360
91 1385319 WASHINGTON DC 20016 01 3.250 12.500 3.250 360
92 1385996 PASADENA MD 21122 01 3.000 12.500 3.000 360
93 1386689 VIRGINIA BE VA 23464 01 3.000 12.750 3.000 360
94 1387786 RICHMOND VA 23235 01 2.750 12.875 2.750 360
95 1388776 ODENTON MD 21113 01 3.000 12.375 3.000 360
96 1392042 ARLINGTON VA 22201 01 3.250 13.000 3.250 360
97 1393990 CENTREVILLE VA 22020 01 3.250 13.125 3.250 360
98 1399104 GLENN DALE MD 20769 01 3.250 13.625 3.250 360
99 1420322 RICHMOND VA 23233 01 3.000 13.500 3.000 360
100 1420629 WASHINGTON DC 20011 01 3.000 12.125 3.000 360
101 1427855 MIDLOTHIAN VA 23112 01 3.000 13.375 3.000 360
102 1432145 FORESTVILLE MD 20747 01 3.000 14.000 3.000 360
103 1432269 CENTREVILLE VA 22020 01 3.250 13.875 3.250 360
104 1438217 PASADENA MD 21122 01 3.000 14.000 3.000 360
105 1438225 HUNTINGTOWN MD 20639 01 3.000 14.750 3.000 360
</TABLE>
D-88
<PAGE>
<TABLE>
<CAPTION>
Original 03/01/98 Orig-
Remaining Principal Principal 1st due 03/01/98 inal Appraised Net
Term Bal Bal date p&i LTV Value Mtg Rate
GROUP II LOANS
<S> <C> <C> <C> <C> <C> <C> <C> <C>
46 301 128,250.00 120,941.05 05/01/93 874.90 95.00 135,000.00 6.070
47 303 94,000.00 88,427.47 06/01/93 609.69 86.24 109,000.00 5.570
48 305 114,750.00 108,127.33 08/01/93 734.76 90.00 127,500.00 5.445
49 303 158,000.00 149,081.94 07/01/93 1,037.95 56.43 280,000.00 5.695
50 304 184,500.00 174,086.01 07/01/93 1,212.04 90.00 205,000.00 5.695
51 305 72,000.00 67,755.07 08/01/93 455.09 89.44 80,500.00 5.320
52 306 160,400.00 151,526.79 09/01/93 1,040.36 94.97 168,900.00 5.570
53 304 193,000.00 181,136.34 07/01/93 1,204.07 87.73 220,000.00 5.195
54 304 67,500.00 63,262.27 07/01/93 415.61 90.00 75,000.00 5.070
55 304 172,500.00 161,915.50 07/01/93 1,090.32 78.41 220,000.00 5.320
56 306 199,500.00 188,531.00 08/01/93 1,310.58 95.00 210,000.00 5.695
57 307 209,700.00 197,064.53 10/01/93 1,274.16 90.00 233,000.00 4.945
58 305 139,500.00 131,275.21 08/01/93 881.74 90.00 155,000.00 5.320
59 310 165,400.00 156,218.45 01/01/94 1,018.40 94.96 174,175.00 5.070
60 305 154,350.00 145,249.82 08/01/93 975.60 94.98 162,500.00 5.320
61 305 241,300.00 228,666.04 08/01/93 1,834.30 95.00 254,000.00 7.320
62 308 190,000.00 179,711.22 11/01/93 1,216.60 95.00 200,000.00 5.445
63 306 184,300.00 175,421.15 09/01/93 1,450.68 95.00 194,000.00 7.695
64 306 188,950.00 178,940.44 09/01/93 1,257.09 95.00 198,900.00 5.820
65 305 130,000.00 122,497.96 08/01/93 832.41 69.15 188,000.00 5.445
66 307 69,200.00 65,370.87 10/01/93 443.10 53.23 130,000.00 5.445
67 308 207,900.00 192,601.08 11/01/93 1,263.23 90.00 231,000.00 4.945
68 307 145,400.00 137,002.92 10/01/93 907.11 82.61 176,000.00 5.195
69 305 91,200.00 86,033.91 08/01/93 591.53 95.00 96,000.00 5.570
70 308 116,250.00 109,679.01 11/01/93 725.25 75.00 155,000.00 5.195
71 307 151,500.00 142,750.38 10/01/93 945.17 73.72 205,500.00 5.195
72 309 144,000.00 135,510.48 12/01/93 863.36 90.00 160,000.00 4.820
73 309 90,000.00 84,358.72 12/01/93 568.87 72.58 124,000.00 5.320
74 307 199,500.00 188,222.05 10/01/93 1,260.98 95.00 210,000.00 5.320
75 11 194,750.00 179,318.10 02/01/94 1,247.01 95.00 205,000.00 5.445
76 310 125,000.00 117,429.83 01/01/94 739.43 89.29 140,000.00 4.695
77 311 110,700.00 104,588.91 02/01/94 672.63 90.00 123,000.00 4.945
78 310 208,500.00 196,728.93 01/01/94 1,266.87 75.00 278,000.00 4.945
79 311 132,000.00 125,019.32 02/01/94 823.51 84.62 156,000.00 5.195
80 311 190,950.00 180,631.97 02/01/94 1,175.72 95.00 201,000.00 5.070
81 314 149,900.00 113,884.34 04/01/94 935.19 59.98 249,900.00 5.195
82 311 209,950.00 199,545.93 02/01/94 1,361.74 95.00 221,000.00 5.570
83 316 203,150.00 190,626.18 07/01/94 1,385.85 94.49 215,000.00 6.070
84 311 169,100.00 160,348.27 02/01/94 1,068.83 95.00 178,000.00 5.320
85 11 85,300.00 80,788.52 02/01/94 532.17 75.49 113,000.00 5.195
86 311 99,750.00 92,621.34 02/01/94 638.72 95.00 105,000.00 5.445
87 312 182,400.00 173,197.78 03/01/94 1,167.93 95.00 192,000.00 5.445
88 312 123,500.00 113,953.48 03/01/94 790.79 95.00 130,000.00 5.445
89 312 166,500.00 158,052.78 03/01/94 1,052.40 90.00 185,000.00 5.320
90 314 156,900.00 148,994.86 04/01/94 966.07 94.97 165,206.00 5.070
91 313 67,900.00 64,545.12 04/01/94 429.18 94.97 71,500.00 5.320
92 314 125,700.00 115,936.81 05/01/94 794.51 87.90 143,000.00 5.320
93 313 128,250.00 122,028.75 04/01/94 821.20 95.00 135,000.00 5.445
94 314 105,000.00 100,257.40 05/01/94 689.78 60.00 175,000.00 5.695
95 314 66,000.00 62,745.90 05/01/94 411.76 75.00 88,000.00 5.195
96 314 159,600.00 152,703.94 05/01/94 1,075.26 95.00 168,000.00 5.945
97 314 180,500.00 172,607.47 05/01/94 1,216.07 95.00 190,000.00 5.945
98 316 180,500.00 169,489.43 07/01/94 1,200.88 95.00 190,000.00 5.820
99 318 193,500.00 186,440.28 08/01/94 1,352.99 90.00 215,000.00 6.320
100 317 211,500.00 204,270.93 08/01/94 1,551.92 90.00 235,000.00 6.820
101 318 88,000.00 82,052.66 09/01/94 607.80 63.77 138,000.00 6.195
102 317 107,825.00 103,258.15 08/01/94 702.10 95.00 113,500.00 5.570
103 317 100,700.00 96,718.90 08/01/94 695.51 95.00 106,000.00 6.195
104 320 99,600.00 95,988.10 10/01/94 679.45 60.00 166,000.00 6.070
105 322 155,250.00 151,332.02 01/01/95 1,235.24 75.00 207,000.00 7.695
</TABLE>
D-89
<PAGE>
<TABLE>
<CAPTION>
Lender
Property Paid CD pledge CD Convert- POOL-OUT
Type Occ MI (Y/N) Loan (Y/N) Amount ible Purp POOL-OUT
GROUP II LOANS
Loannum Outpool Conv-Y/N
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
46 3 1 N N N 1 0002 734,112 1211994 0 1211994 0002 N
47 2 1 N N N 2 0002 492,541 1217769 0 1217769 0002 N
48 3 1 N N N 1 0002 588,753 1226208 0 1226208 0002 N
49 1 1 N N N 2 0002 849,022 1236983 0 1236983 0002 N
50 1 1 N N N 1 0002 991,420 1237213 0 1237213 0002 N
51 3 1 N N N 2 0002 360,457 1238088 0 1238088 0002 N
52 1 1 N N N 1 0002 844,004 1240316 0 1240316 0002 N
53 3 1 N N N 2 0002 941,003 1243757 0 1243757 0002 N
54 3 1 N N N 2 0002 320,740 1243880 0 1243880 0002 N
55 1 1 N N N 2 0002 861,390 1243898 0 1243898 0002 N
56 1 1 N N N 1 0002 1,073,684 1244433 0 1244433 0002 N
57 1 1 N N N 1 0002 974,484 1249531 0 1249531 0002 N
58 3 1 N N N 2 0002 698,384 1252733 0 1252733 0002 N
59 2 1 N N N 1 0002 792,028 1253475 0 1253475 0002 N
60 2 1 N N N 1 0002 772,729 1253525 0 1253525 0002 N
61 1 1 N N Y 1 0002 1,673,835 1260447 0 1260447 0002 Y
62 3 1 N N N 1 0002 978,528 1263508 0 1263508 0002 N
63 1 1 N N Y 1 0002 1,349,866 1265339 0 1265339 0002 Y
64 1 1 N N N 1 0002 1,041,433 1266287 0 1266287 0002 N
65 1 1 N N N 2 0002 667,001 1268374 0 1268374 0002 N
66 2 1 N N N 2 0002 355,944 1268770 0 1268770 0002 N
67 1 1 N N N 2 0002 952,412 1269703 0 1269703 0002 N
68 1 1 N N N 2 0002 711,730 1271527 0 1271527 0002 N
69 3 1 N N N 1 0002 479,209 1274919 0 1274919 0002 N
70 2 1 N N N 2 0002 569,782 1282367 0 1282367 0002 N
71 2 1 N N N 2 0002 741,588 1284496 0 1284496 0002 N
72 1 1 N N N 1 0002 653,161 1287929 0 1287929 0002 N
73 2 1 N N N 2 0002 448,788 1294180 0 1294180 0002 N
74 1 1 N N N 1 0002 1,001,341 1301035 0 1301035 0002 N
75 1 1 N N N 1 0002 976,387 1302181 0 1302181 0002 N
76 3 1 N N N 2 0002 551,333 1318237 0 1318237 0002 N
77 3 1 N N N 2 0002 517,192 1331032 0 1331032 0002 N
78 1 1 N N N 2 0002 972,825 1331990 0 1331990 0002 N
79 3 1 N N N 2 0002 649,475 1332220 0 1332220 0002 N
80 1 1 N N N 1 0002 915,804 1333988 0 1333988 0002 N
81 1 1 N N N 1 0002 591,629 1340868 0 1340868 0002 N
82 1 1 N N N 1 0002 1,111,471 1342674 0 1342674 0002 N
83 1 1 N N N 1 0002 1,157,101 1359025 0 1359025 0002 N
84 3 1 N N N 1 0002 853,053 1360486 0 1360486 0002 N
85 2 1 N N N 2 0002 419,696 1360767 0 1360767 0002 N
86 3 1 N N N 1 0002 504,323 1361138 0 1361138 0002 N
87 1 1 N N N 1 0002 943,062 1362383 0 1362383 0002 N
88 2 1 N N N 1 0002 620,477 1365493 0 1365493 0002 N
89 1 1 N N N 2 0002 840,841 1365790 0 1365790 0002 N
90 1 1 N N N 1 0002 755,404 1382399 0 1382399 0002 N
91 3 1 N N N 1 0002 343,380 1385319 0 1385319 0002 N
92 1 1 N N N 2 0002 616,784 1385996 0 1385996 0002 N
93 1 1 N N N 1 0002 664,447 1386689 0 1386689 0002 N
94 1 1 N N N 2 0002 570,966 1387786 0 1387786 0002 N
95 1 1 N N N 2 0002 325,965 1388776 0 1388776 0002 N
96 3 1 N N N 1 0002 907,825 1392042 0 1392042 0002 N
97 1 1 N N N 1 0002 1,026,151 1393990 0 1393990 0002 N
98 1 1 N N N 1 0002 986,428 1399104 0 1399104 0002 N
99 1 1 N N N 1 0002 1,178,303 1420322 0 1420322 0002 N
100 1 1 N N N 1 0002 1,393,128 1420629 0 1420629 0002 N
101 1 1 N N N 1 0002 508,316 1427855 0 1427855 0002 N
102 2 1 N N N 1 0002 575,148 1432145 0 1432145 0002 N
103 2 1 N N N 1 0002 599,174 1432269 0 1432269 0002 N
104 1 1 N N Y 1 0002 582,648 1438217 0 1438217 0002 Y
105 1 1 N N Y 2 0002 1,164,500 1438225 0 1438225 0002 Y
</TABLE>
D-90
<PAGE>
<TABLE>
<CAPTION>
Maximum Minimum Original
Loan-no City State Zip Index Margin Int rate Int rate Term
GROUP I LOANS
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
106 1439306 RICHMOND VA 23233 01 3.000 13.750 3.000 360
107 1441914 CHEVY CHASE MD 20815 01 3.000 13.875 3.000 360
108 1442771 CHEVY CHASE MD 20815 01 3.000 13.875 3.000 360
109 1451319 TIMONIUM MD 21093 01 3.000 13.875 3.000 360
110 1456292 OAKTON VA 22124 01 3.000 13.875 3.000 360
111 1461151 ALEXANDRIA VA 22314 01 3.000 13.625 3.000 360
112 1473354 WASHINGTON DC 20008 01 3.000 14.750 3.000 360
113 1475359 CHELTENHAM MD 20623 01 3.000 15.000 3.000 360
114 1479062 MCLEAN VA 22101 01 2.500 13.250 2.500 360
115 1514801 STERLING VA 20165 01 3.000 12.875 3.000 360
116 1525252 VIRGINIA BE VA 23452 01 3.000 13.375 3.000 360
117 1532704 NEWPORT NEW VA 23066 01 3.500 14.375 3.500 360
118 1539063 WASHINGTON DC 20007 01 3.000 13.750 3.000 360
119 1554096 BALTIMORE MD 21217 01 3.000 13.625 3.000 360
120 1557958 CHESAPEAKE VA 23322 01 3.000 13.375 3.000 360
121 1561356 ALEXANDRIA VA 22302 01 3.000 13.250 3.000 360
122 1561786 FAIRFAX VA 22033 01 3.000 13.125 3.000 360
123 1563006 ASHBURN VA 22011 01 3.000 13.375 3.000 360
124 1567510 EDGEWATER MD 21037 01 3.000 13.125 3.000 360
125 1568484 WASHINGTON DC 20007 01 3.000 13.000 3.000 360
126 1571389 HERNDON VA 22071 01 3.000 12.750 3.000 360
127 1575612 DECATUR GA 30032 01 2.750 13.375 2.750 360
128 1575620 DECATUR GA 30032 01 2.750 13.375 2.750 360
129 1575836 WASHINGTON DC 20003 01 3.000 13.000 3.000 360
130 1580844 WILMINGTON NC 28406 01 3.000 13.000 3.000 360
131 1587088 LANDOVER MD 20785 01 3.000 13.750 3.000 360
132 1589563 ARLINGTON VA 22204 01 3.000 12.875 3.000 360
133 1591676 PASADENA MD 21122 01 3.000 13.500 3.000 360
134 1592484 CHESTERFIEL VA 23838 01 3.000 13.125 3.000 360
135 1592781 CROWNSVILLE MD 21032 01 3.000 14.125 3.000 360
136 1593854 WASHINGTON DC 20009 01 3.000 12.750 3.000 360
137 1597798 WASHINGTON DC 20016 01 3.000 13.125 3.000 360
138 1602614 CROFTON MD 21114 01 3.000 13.500 3.000 360
139 1611417 GAMBRILLS MD 21054 01 3.000 14.125 3.000 360
140 1614932 WEST PELZER SC 29669 01 3.000 14.000 3.000 360
141 1619923 SIMPSONVILL SC 29681 01 3.000 27.750 3.000 360
142 1627132 MOUNT AIRY MD 21771 01 3.000 14.125 3.000 360
143 1637370 CHESTER VA 23831 01 3.000 14.625 3.000 360
144 1644319 COLUMBIA MD 21046 01 3.000 14.250 3.000 360
145 1646959 GREER SC 29650 03 2.750 14.000 2.750 360
146 1660133 PIEDMONT SC 29673 03 2.750 12.875 2.750 360
147 1672872 GREAT FALLS VA 22066 01 3.000 13.875 3.000 360
148 1676139 ASHBURN VA 20147 01 3.000 13.375 3.000 360
149 1676709 ENGLEWOOD NJ 7631 03 2.875 13.500 2.875 360
150 1680248 INMAN SC 29349 01 3.000 13.375 3.000 360
151 1680263 FREDERICK MD 21701 01 3.000 13.625 3.000 360
152 1686211 GREENVILLE SC 29609 01 3.000 13.375 3.000 360
153 1687524 WASHINGTON DC 20016 01 3.000 13.500 3.000 360
154 1687953 SPARTANBURG SC 29307 03 2.875 13.500 2.875 360
155 1689066 POTOMAC MD 20854 01 3.000 13.375 3.000 360
156 1691401 HUNTINGTON MD 20639 01 3.000 14.125 3.000 360
157 1697085 SMITHSBURG MD 21783 01 3.000 13.625 3.000 360
158 1697630 WASHINGTON DC 20008 01 3.000 13.500 3.000 360
159 1703453 MANASSAS PA VA 20111 01 3.000 14.250 3.000 360
160 1704006 WINCHESTER VA 22602 01 3.000 12.875 3.000 360
161 1709039 ARLINGTON VA 22204 01 3.000 13.250 3.000 360
162 1709799 ASHBURN VA 20147 01 3.000 13.000 3.000 360
163 1711555 GAITHERSBUR MD 20878 01 3.000 13.500 3.000 360
164 1714054 HERNDON VA 20170 01 3.000 13.625 3.000 360
165 1716208 FAIRFAX VA 22033 01 3.000 13.250 3.000 360
</TABLE>
D-91
<PAGE>
<TABLE>
<CAPTION>
Original 03/01/98 Orig-
Remaining Principal Principal 1st due 03/01/98 inal Appraised Net
Term Bal Bal date p&i LTV Value Mtg Rate
GROUP II LOANS
<S> <C> <C> <C> <C> <C> <C> <C> <C>
106 318 128,250.00 123,881.18 09/01/94 929.91 90.00 142,500.00 6.695
107 318 145,000.00 139,946.18 09/01/94 1,038.80 50.00 290,000.00 6.570
108 318 135,000.00 130,228.21 09/01/94 967.16 50.00 270,000.00 6.570
109 321 172,900.00 167,612.85 12/01/94 1,283.78 95.00 182,000.00 6.945
110 322 97,200.00 93,876.45 01/01/95 663.08 90.00 108,000.00 6.070
111 322 138,500.00 133,431.19 01/01/95 909.85 89.99 153,900.00 5.695
112 323 89,300.00 85,793.81 02/01/95 577.45 95.00 94,000.00 5.570
113 323 183,725.00 179,224.69 02/01/95 1,461.80 93.74 196,000.00 7.695
114 324 331,200.00 315,986.93 03/01/95 2,488.20 90.00 368,000.00 7.070
115 337 100,000.00 97,580.95 04/01/96 615.72 79.47 125,840.00 5.070
116 331 75,000.00 73,081.76 10/01/95 511.64 81.52 92,000.00 6.070
117 333 54,950.00 41,085.37 12/01/95 417.66 50.00 109,900.00 7.195
118 331 138,000.00 132,460.69 11/01/95 929.74 89.03 155,000.00 5.945
119 335 193,800.00 189,421.74 02/01/96 1,371.71 95.00 204,000.00 6.445
120 334 196,200.00 191,829.75 01/01/96 1,355.11 90.00 218,000.00 6.195
121 335 188,000.00 183,980.34 02/01/96 1,298.47 80.00 235,000.00 6.195
122 335 169,600.00 165,617.27 02/01/96 1,114.16 80.00 212,000.00 5.695
123 334 211,500.00 206,730.80 01/01/96 1,460.78 89.98 235,050.00 6.195
124 335 146,250.00 142,815.80 02/01/96 960.76 75.00 195,000.00 5.695
125 335 202,500.00 197,042.26 02/01/96 1,230.42 90.00 225,000.00 4.945
126 337 168,300.00 162,239.48 04/01/96 1,091.60 90.00 187,000.00 5.570
127 335 70,800.00 69,390.29 02/01/96 507.22 80.00 88,500.00 6.570
128 335 70,800.00 69,390.29 02/01/96 507.22 80.00 88,500.00 6.570
129 336 138,600.00 135,432.44 03/01/96 910.51 90.00 154,000.00 5.695
130 336 61,000.00 59,658.30 03/01/96 405.84 87.64 69,600.00 5.820
131 339 85,600.00 84,070.59 06/01/96 591.22 80.00 107,000.00 6.195
132 337 163,350.00 159,829.81 04/01/96 1,073.10 90.00 181,500.00 5.695
133 337 96,000.00 94,114.02 05/01/96 646.77 54.86 175,000.00 5.945
134 337 169,000.00 165,095.44 04/01/96 1,068.20 84.50 200,000.00 5.320
135 353 415,900.00 413,671.24 08/01/97 3,088.05 77.02 540,000.00 6.945
136 337 97,821.00 95,506.75 05/01/96 594.38 89.01 109,900.00 4.945
137 339 207,000.00 203,121.91 06/01/96 1,394.60 79.62 260,000.00 5.945
138 340 198,000.00 194,469.70 07/01/96 1,333.97 90.00 220,000.00 5.945
139 339 321,100.00 319,192.66 09/01/97 2,384.16 89.99 356,800.00 6.945
140 341 117,100.00 115,066.67 03/01/97 828.83 79.71 146,908.00 6.445
141 340 99,750.00 98,171.86 07/01/96 714.63 95.00 105,000.00 6.570
142 339 102,400.00 100,856.67 07/01/96 751.38 80.00 128,000.00 6.820
143 343 155,050.00 153,359.26 11/01/96 1,192.21 94.98 163,250.00 7.320
144 341 192,000.00 189,384.47 08/01/96 1,442.44 80.00 240,000.00 7.070
145 344 245,000.00 242,511.16 04/01/97 1,630.00 69.80 351,000.00 5.820
146 343 109,000.00 107,767.67 03/01/97 716.06 75.78 143,837.00 5.695
147 346 629,900.00 628,148.85 12/01/97 4,567.22 78.25 805,000.00 6.695
148 347 207,000.00 204,285.79 02/01/97 1,308.39 87.08 237,707.00 5.320
149 349 430,000.00 426,131.92 04/01/97 3,043.52 74.78 575,000.00 6.445
150 347 144,500.00 142,692.99 02/01/97 937.23 85.00 170,000.00 5.570
151 347 161,950.00 160,110.04 02/01/97 1,104.79 89.98 179,987.00 6.070
152 347 128,000.00 127,368.89 10/01/97 884.07 90.00 142,226.00 6.195
153 347 75,000.00 74,188.15 02/01/97 524.42 90.00 75,000.00 6.320
154 347 155,250.00 154,186.64 06/01/97 1,085.54 90.00 172,500.00 6.320
155 348 504,000.00 502,451.76 12/01/97 3,481.01 80.00 630,000.00 6.195
156 347 198,450.00 197,925.43 12/01/97 1,473.49 94.99 208,925.00 6.945
157 346 105,600.00 104,456.97 02/01/97 738.38 80.00 132,000.00 6.320
158 347 59,200.00 58,537.74 02/01/97 413.94 80.00 74,000.00 6.320
159 350 182,260.00 180,194.01 06/01/97 1,243.34 90.00 182,260.00 6.070
160 354 134,800.00 134,110.63 10/01/97 885.55 80.00 168,500.00 5.695
161 355 184,500.00 183,623.26 10/01/97 1,258.62 90.00 205,000.00 6.070
162 353 119,200.00 118,402.10 08/01/97 793.05 79.98 149,046.00 5.820
163 354 251,350.00 250,019.46 09/01/97 1,757.48 79.99 314,237.00 6.320
164 350 186,400.00 184,790.94 05/01/97 1,287.42 80.00 233,000.00 6.195
165 357 197,500.00 196,878.11 12/01/97 1,347.30 77.76 254,000.00 6.070
</TABLE>
D-92
<PAGE>
<TABLE>
<CAPTION>
Lender
Property Paid CD pledge CD Convert- POOL-OUT
Type Occ MI (Y/N) Loan (Y/N) Amount ible Purp POOL-OUT
GROUP II LOANS
Loannum Outpool Conv-Y/N
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
106 1 1 N N N 1 0002 829,385 1439306 0 1439306 0002 N
107 3 1 N N N 1 0002 919,446 1441914 0 1441914 0002 N
108 3 1 N N N 1 0002 855,599 1442771 0 1442771 0002 N
109 1 1 N N Y 1 0002 1,164,071 1451319 0 1451319 0002 Y
110 3 1 N N N 1 0002 569,830 1456292 0 1456292 0002 N
111 3 1 N N N 1 0002 759,891 1461151 0 1461151 0002 N
112 3 1 N N N 1 0002 477,872 1473354 0 1473354 0002 N
113 1 1 N N Y 1 0002 1,379,134 1475359 0 1475359 0002 Y
114 1 1 N N N 1 0002 2,234,028 1479062 0 1479062 0002 N
115 3 1 N N Y 1 0002 494,735 1514801 0 1514801 0002 Y
116 1 1 N N N 3 0002 443,606 1525252 0 1525252 0002 N
117 3 1 N N N 1 0002 295,609 1532704 0 1532704 0002 N
118 3 1 N N N 3 0002 787,479 1539063 0 1539063 0002 N
119 2 1 N N Y 1 0002 1,220,823 1554096 0 1554096 0002 Y
120 1 1 N N N 1 0002 1,188,385 1557958 0 1557958 0002 N
121 2 1 N N N 1 0002 1,139,758 1561356 0 1561356 0002 N
122 1 1 N N N 1 0002 943,190 1561786 0 1561786 0002 N
123 1 1 N N N 1 0002 1,280,697 1563006 0 1563006 0002 N
124 1 1 N N N 3 0002 813,336 1567510 0 1567510 0002 N
125 1 1 N N N 1 0002 974,374 1568484 0 1568484 0002 N
126 2 1 N N N 1 0002 903,674 1571389 0 1571389 0002 N
127 5 2 N N N 1 0002 455,894 1575612 0 1575612 0002 N
128 5 2 N N N 1 0002 455,894 1575620 0 1575620 0002 N
129 2 1 N N Y 3 0002 771,288 1575836 0 1575836 0002 Y
130 1 1 N N N 2 0002 347,211 1580844 0 1580844 0002 N
131 1 1 N N Y 2 0002 520,817 1587088 0 1587088 0002 Y
132 1 1 N N N 3 0002 910,231 1589563 0 1589563 0002 N
133 1 1 N N Y 2 0002 559,508 1591676 0 1591676 0002 Y
134 1 1 N N Y 3 0002 878,308 1592484 0 1592484 0002 Y
135 1 1 N N N 3 0002 2,872,947 1592781 0 1592781 0002 N
136 3 1 N N N 1 0002 472,281 1593854 0 1593854 0002 N
137 1 1 N N N 1 0002 1,207,560 1597798 0 1597798 0002 N
138 1 1 N N N 1 0002 1,156,122 1602614 0 1602614 0002 N
139 1 1 N N N 1 0002 2,216,793 1611417 0 1611417 0002 N
140 1 1 N N Y 1 0002 741,605 1614932 0 1614932 0002 Y
141 1 1 N N Y 1 0002 644,989 1619923 0 1619923 0002 Y
142 1 1 N N Y 3 0002 687,842 1627132 0 1627132 0002 Y
143 1 1 N N Y 1 0002 1,122,590 1637370 0 1637370 0002 Y
144 1 1 N N N 3 0002 1,338,948 1644319 0 1644319 0002 N
145 1 1 N N Y 1 0002 1,411,415 1646959 0 1646959 0002 Y
146 1 1 N N Y 1 0002 613,737 1660133 0 1660133 0002 Y
147 1 1 N N N 2 0002 4,205,457 1672872 0 1672872 0002 N
148 1 1 N N N 1 0002 1,086,800 1676139 0 1676139 0002 N
149 1 1 N N Y 2 0002 2,746,420 1676709 0 1676709 0002 Y
150 1 1 N N N 1 0002 794,800 1680248 0 1680248 0002 N
151 1 1 N N N 1 0002 971,868 1680263 0 1680263 0002 N
152 1 1 N N N 1 0002 789,050 1686211 0 1686211 0002 N
153 3 1 N Y 7,500.00 N 1 0002 468,869 1687524 0 1687524 0002 N
154 1 1 N N Y 1 0002 974,460 1687953 0 1687953 0002 Y
155 1 1 N N N 2 0002 3,112,689 1689066 0 1689066 0002 N
156 1 1 N N Y 1 0002 1,374,592 1691401 0 1691401 0002 Y
157 1 1 N N Y 1 0002 660,168 1697085 0 1697085 0002 Y
158 3 1 N N N 3 0002 369,959 1697630 0 1697630 0002 N
159 1 1 N Y 18,226.00 N 1 0002 1,093,778 1703453 0 1703453 0002 N
160 1 1 N N N 1 0002 763,760 1704006 0 1704006 0002 N
161 1 1 N N N 1 0002 1,114,593 1709039 0 1709039 0002 N
162 2 1 N N N 1 0002 689,100 1709799 0 1709799 0002 N
163 1 1 N N N 1 0002 1,580,123 1711555 0 1711555 0002 N
164 1 1 N N N 1 0002 1,144,780 1714054 0 1714054 0002 N
165 1 1 N N N 3 0002 1,195,050 1716208 0 1716208 0002 N
</TABLE>
D-93
<PAGE>
<TABLE>
<CAPTION>
Maximum Minimum Original
Loan-no City State Zip Index Margin Int rate Int rate Term
GROUP II LOANS
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
166 1717909 ASHBURN VA 20147 01 3.000 13.625 3.000 360
167 1719855 MANASSAS PA VA 20111 01 3.000 12.875 3.000 360
168 1720820 ASHBURN VA 20147 01 3.000 13.250 3.000 360
169 1721315 ASHBURN VA 20147 01 3.000 12.750 3.000 360
170 1721331 ASHBURN VA 20147 01 3.000 13.125 3.000 360
171 1721935 ASHBURN VA 20147 01 3.000 13.875 3.000 360
172 1722743 STERLING VA 20164 01 3.000 13.750 3.000 360
173 1724343 FALLS CHURC VA 22042 01 3.000 14.250 3.000 360
174 1724566 BETHESDA MD 20817 01 3.000 13.500 3.000 360
175 1725696 IJAMSVILLE MD 21754 01 3.000 13.000 3.000 360
176 1725811 GAITHERSBUR MD 20878 01 3.000 13.875 3.000 360
177 1725993 ASHBURN VA 20147 01 3.000 12.750 3.000 360
178 1727510 WASHINGTON DC 20037 01 3.000 13.875 3.000 360
179 1727593 COLUMBIA MD 21046 01 3.000 13.750 3.000 360
180 1728138 HAMPTON VA 23669 01 3.000 13.625 3.000 360
181 1728716 BETHESDA MD 20816 01 3.000 14.000 3.000 360
182 1728781 ROCKVILLE MD 20853 01 3.000 13.000 3.000 360
183 1729011 ADAMSTOWN MD 21710 01 3.000 13.625 3.000 360
184 1729060 ASHBURN VA 20147 01 3.000 12.875 3.000 360
185 1729243 WASHINGTON DC 20016 01 3.000 13.625 3.000 180
186 1729862 POTOMAC MD 20854 01 3.000 13.000 3.000 360
187 1729920 OAKTON VA 22124 01 3.000 13.625 3.000 360
188 1729946 GLOUCESTER VA 23061 01 3.000 12.875 3.000 360
189 1730654 MANASSAS VA 20112 01 3.000 13.250 3.000 360
190 1730704 ASHBURN VA 20147 01 3.000 13.375 3.000 360
191 1730795 ASHBURN VA 20147 01 3.000 14.125 3.000 360
192 1730886 WASHINGTON DC 20015 01 3.000 13.250 3.000 360
193 1730902 FAIRFAX VA 22033 01 3.000 13.750 3.000 360
194 1731538 ASHBURN VA 20147 01 3.000 12.875 3.000 360
195 1731868 CENTREVILLE VA 20120 01 3.000 13.750 3.000 360
196 1732056 STERLING VA 20165 01 3.000 14.000 3.000 360
197 1732163 WILLAMSBURG VA 23185 01 3.000 13.375 3.000 360
198 1732247 ASHBURN VA 20147 01 3.000 13.500 3.000 360
199 1732726 FREDERICK MD 21702 01 3.000 13.375 3.000 360
200 1732791 MECHANICSVI VA 23111 03 2.875 12.625 2.875 360
201 1732858 ASHBURN VA 20147 01 3.000 13.625 3.000 360
202 1733005 ASHBURN VA 20147 01 3.000 13.750 3.000 360
203 1733161 ASHBURN VA 20147 01 3.000 13.500 3.000 360
204 1733286 TIMONIUM MD 21093 01 3.000 13.625 3.000 360
205 1733625 BOWIE MD 20720 01 3.000 14.000 3.000 360
206 1733781 WASHINGTON DC 20016 01 3.000 13.125 3.000 360
207 1733989 CENTREVILLE VA 20120 01 3.000 13.125 3.000 360
208 1734029 ARLINGTON VA 22205 01 3.000 13.000 3.000 360
209 1734144 CLIFTON VA 20124 01 3.000 12.750 3.000 360
210 1734243 STERLING VA 20165 01 3.000 13.125 3.000 360
211 1734375 ASHTON MD 20861 01 3.000 12.750 3.000 360
212 1734581 SPRINGFIELD VA 22151 01 3.000 13.500 3.000 360
213 1734854 WILLIAMSBUR VA 23185 01 3.000 13.000 3.000 360
214 1735000 CHANTILLY VA 20151 01 3.000 13.500 3.000 360
215 1735042 ROCKVILLE MD 20850 01 3.000 13.625 3.000 360
216 1735166 NEWPORT NEW VA 23602 01 3.000 13.125 3.000 360
217 1735919 WASHINGTON DC 20016 01 3.000 13.875 3.000 360
218 1736115 STERLING VA 20165 01 3.000 13.375 3.000 360
219 1736131 STERLING VA 20165 01 3.000 13.250 3.000 360
220 1736149 LEESBURG VA 20175 01 3.000 13.750 3.000 360
221 1736180 WASHINGTON DC 20009 01 3.000 12.875 3.000 360
222 1736354 WASHINGTON DC 20016 01 3.000 13.375 3.000 360
223 1736388 HERNDON VA 20170 01 3.000 13.000 3.000 360
224 1736800 BETHESDA MD 20816 01 3.000 13.625 3.000 360
225 1736842 ASHBURN VA 20148 01 3.000 13.250 3.000 360
</TABLE>
D-94
<PAGE>
<TABLE>
<CAPTION>
Original 03/01/98 Orig-
Remaining Principal Principal 1st due 03/01/98 inal Appraised Net
Term Bal Bal date p&i LTV Value Mtg Rate
GROUP II LOANS
<S> <C> <C> <C> <C> <C> <C> <C> <C>
166 350 189,000.00 187,287.20 05/01/97 1,273.33 90.00 210,000.00 5.945
167 357 190,125.00 189,480.56 12/01/97 1,248.99 89.91 211,450.00 5.695
168 358 263,750.00 263,129.02 01/01/98 1,799.24 95.00 277,635.00 6.070
169 354 163,700.00 162,696.55 09/01/97 1,061.76 74.98 218,315.00 5.570
170 354 200,650.00 199,506.57 09/01/97 1,351.82 80.00 250,827.00 5.945
171 350 208,400.00 206,729.31 06/01/97 1,421.66 80.00 260,500.00 6.070
172 351 203,850.00 202,823.13 09/01/97 1,460.41 90.00 226,500.00 6.570
173 352 180,500.00 179,263.74 07/01/97 1,262.09 95.00 190,000.00 6.320
174 354 513,600.00 510,881.26 09/01/97 3,591.17 80.00 642,000.00 6.320
175 354 250,000.00 248,540.18 09/01/97 1,663.26 64.82 385,674.00 5.820
176 352 166,500.00 165,359.62 07/01/97 1,164.20 90.00 185,000.00 6.320
177 355 188,800.00 187,810.83 10/01/97 1,224.56 79.99 236,020.00 5.570
178 354 256,000.00 254,742.19 09/01/97 1,856.18 80.00 320,000.00 6.695
179 352 98,200.00 97,559.84 07/01/97 703.52 80.00 122,750.00 6.570
180 355 74,400.00 74,071.73 10/01/97 526.60 60.00 124,000.00 6.445
181 351 49,600.00 49,257.00 06/01/97 363.95 80.00 62,000.00 6.820
182 359 155,400.00 155,144.48 02/01/98 1,033.89 77.70 200,000.00 5.820
183 356 241,600.00 240,714.51 11/01/97 1,710.03 80.00 302,000.00 6.445
184 354 183,400.00 182,302.73 09/01/97 1,204.81 79.98 229,309.00 5.695
185 175 214,600.00 209,992.14 10/01/97 1,959.01 34.89 615,000.00 6.070
186 356 388,000.00 386,391.10 11/01/97 2,581.38 80.00 485,000.00 5.820
187 351 185,250.00 183,957.97 07/01/97 1,311.19 95.00 195,000.00 6.445
188 355 109,550.00 109,084.49 11/01/97 719.67 89.98 121,750.00 5.695
189 357 214,600.00 213,924.23 12/01/97 1,463.96 94.85 226,256.00 6.070
190 355 147,150.00 146,583.22 11/01/97 1,016.33 79.99 183,969.00 6.195
191 352 213,600.00 212,307.82 07/01/97 1,585.98 93.98 227,274.00 6.945
192 354 320,000.00 318,220.56 09/01/97 2,182.97 61.54 520,000.00 6.070
193 352 118,800.00 118,025.55 07/01/97 851.10 80.00 148,500.00 6.570
194 355 132,250.00 131,573.73 09/01/97 868.79 94.99 139,225.00 5.695
195 352 84,800.00 84,247.20 07/01/97 607.52 80.00 106,000.00 6.570
196 352 181,236.00 180,112.12 07/01/97 1,329.85 95.00 190,775.00 6.820
197 353 200,000.00 198,914.80 09/01/97 1,381.36 46.51 430,000.00 6.195
198 354 195,000.00 193,915.64 09/01/97 1,330.25 95.00 195,000.00 6.070
199 353 214,600.00 213,435.65 09/01/97 1,482.19 50.49 425,000.00 6.195
200 353 145,000.00 143,956.47 08/01/97 928.46 77.96 186,000.00 5.445
201 352 204,000.00 202,636.88 07/01/97 1,443.90 80.00 255,000.00 6.445
202 353 142,450.00 141,627.27 08/01/97 1,020.53 94.97 149,990.00 6.570
203 353 144,000.00 143,126.10 08/01/97 1,006.87 80.00 180,000.00 6.320
204 354 155,000.00 154,199.52 09/01/97 1,097.09 95.00 155,000.00 6.445
205 353 162,500.00 161,597.88 08/01/97 1,192.37 95.00 162,500.00 6.820
206 355 222,400.00 221,316.93 10/01/97 1,498.35 80.00 278,000.00 5.945
207 353 180,000.00 178,113.43 08/01/97 1,212.70 69.23 260,000.00 5.945
208 354 263,900.00 262,358.97 09/01/97 1,755.74 79.99 329,900.00 5.820
209 354 153,000.00 152,062.16 09/01/97 992.36 75.37 203,000.00 5.570
210 354 433,050.00 430,582.25 09/01/97 2,917.54 80.00 541,335.00 5.945
211 354 473,600.00 470,696.99 09/01/97 3,071.77 80.00 592,000.00 5.570
212 353 161,500.00 160,478.72 08/01/97 1,129.24 95.00 170,000.00 6.320
213 357 145,260.00 144,779.54 12/01/97 966.42 79.90 181,800.00 5.820
214 353 211,000.00 209,719.46 08/01/97 1,475.35 95.00 211,000.00 6.320
215 352 140,600.00 139,767.54 08/01/97 995.16 95.00 148,000.00 6.445
216 354 125,300.00 124,585.98 09/01/97 844.17 95.00 131,900.00 5.945
217 354 265,600.00 264,294.99 09/01/97 1,925.79 80.00 332,000.00 6.695
218 356 177,800.00 177,115.13 11/01/97 1,228.03 79.99 222,270.00 6.195
219 359 211,900.00 211,734.69 03/01/98 1,445.54 79.96 265,000.00 6.070
220 353 435,200.00 434,272.55 01/01/98 3,117.83 80.00 544,000.00 6.570
221 354 92,471.00 91,986.50 10/01/97 599.77 89.01 93,500.00 5.570
222 354 102,000.00 101,446.58 09/01/97 704.49 72.86 140,000.00 6.195
223 353 134,000.00 132,983.21 09/01/97 891.51 80.00 167,500.00 5.820
224 355 184,800.00 183,984.58 10/01/97 1,308.01 60.00 308,000.00 6.445
225 354 242,131.00 240,784.52 09/01/97 1,651.77 95.00 254,875.00 6.070
</TABLE>
D-95
<PAGE>
<TABLE>
<CAPTION>
Lender
Property Paid CD pledge CD Convert- POOL-OUT
Type Occ MI (Y/N) Loan (Y/N) Amount ible Purp POOL-OUT
GROUP II LOANS
Loannum Outpool Conv-Y/N
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
166 2 1 N N N 1 0002 1,113,422 1717909 0 1717909 0002 N
167 1 1 N N N 1 0002 1,079,092 1719855 0 1719855 0002 N
168 1 1 N N N 1 0002 1,597,193 1720820 0 1720820 0002 N
169 1 1 N N N 1 0002 906,220 1721315 0 1721315 0002 N
170 1 1 N N N 1 0002 1,186,067 1721331 0 1721331 0002 N
171 1 1 N N N 1 0002 1,254,847 1721935 0 1721935 0002 N
172 1 1 N N N 1 0002 1,332,548 1722743 0 1722743 0002 N
173 1 1 N N N 1 0002 1,132,947 1724343 0 1724343 0002 N
174 1 1 N N N 1 0002 3,228,770 1724566 0 1724566 0002 N
175 1 1 N N N 1 0002 1,446,504 1725696 0 1725696 0002 N
176 2 1 N N N 1 0002 1,045,073 1725811 0 1725811 0002 N
177 2 1 N N N 1 0002 1,046,106 1725993 0 1725993 0002 N
178 2 1 N N N 1 0002 1,705,499 1727510 0 1727510 0002 N
179 1 1 N N N 1 0002 640,968 1727593 0 1727593 0002 N
180 1 1 N N N 1 0002 477,392 1728138 0 1728138 0002 N
181 3 1 N N N 1 0002 335,933 1728716 0 1728716 0002 N
182 1 1 N N N 2 0002 902,941 1728781 0 1728781 0002 N
183 1 1 N N N 1 0002 1,551,405 1729011 0 1729011 0002 N
184 1 1 N N N 1 0002 1,038,214 1729060 0 1729060 0002 N
185 1 1 N N N 1 0002 1,274,652 1729243 0 1729243 0002 N
186 1 1 N N N 1 0002 2,248,796 1729862 0 1729862 0002 N
187 1 1 N N N 1 0002 1,185,609 1729920 0 1729920 0002 N
188 1 1 N N N 1 0002 621,236 1729946 0 1729946 0002 N
189 1 1 N N N 1 0002 1,298,520 1730654 0 1730654 0002 N
190 2 1 N N N 1 0002 908,083 1730704 0 1730704 0002 N
191 1 1 N N N 1 0002 1,474,478 1730795 0 1730795 0002 N
192 1 1 N N N 1 0002 1,931,599 1730886 0 1730886 0002 N
193 2 1 N N N 1 0002 775,428 1730902 0 1730902 0002 N
194 2 1 N N N 1 0002 749,312 1731538 0 1731538 0002 N
195 2 1 N N N 1 0002 553,504 1731868 0 1731868 0002 N
196 2 1 N N N 1 0002 1,228,365 1732056 0 1732056 0002 N
197 1 1 N N N 1 0002 1,232,277 1732163 0 1732163 0002 N
198 2 1 N Y 9,750.00 N 1 0002 1,177,068 1732247 0 1732247 0002 N
199 1 1 N N N 1 0002 1,322,234 1732726 0 1732726 0002 N
200 1 1 N N Y 1 0002 783,843 1732791 0 1732791 0002 Y
201 1 1 N N N 1 0002 1,305,995 1732858 0 1732858 0002 N
202 2 1 N N N 1 0002 930,491 1733005 0 1733005 0002 N
203 2 1 N N N 1 0002 904,557 1733161 0 1733161 0002 N
204 2 1 N Y 7,750.00 N 1 0002 993,816 1733286 0 1733286 0002 N
205 2 1 N Y 8,125.00 N 1 0002 1,102,098 1733625 0 1733625 0002 N
206 1 1 N N N 1 0002 1,315,729 1733781 0 1733781 0002 N
207 1 1 N N N 1 0002 1,058,884 1733989 0 1733989 0002 N
208 1 1 N N N 1 0002 1,526,929 1734029 0 1734029 0002 N
209 1 1 N N N 1 0002 846,986 1734144 0 1734144 0002 N
210 1 1 N N N 1 0002 2,559,811 1734243 0 1734243 0002 N
211 1 1 N N N 1 0002 2,621,782 1734375 0 1734375 0002 N
212 1 1 N N N 1 0002 1,014,226 1734581 0 1734581 0002 N
213 1 1 N N N 1 0002 842,617 1734854 0 1734854 0002 N
214 1 1 N Y 10,550.00 N 1 0002 1,325,427 1735000 0 1735000 0002 N
215 1 1 N N N 1 0002 900,802 1735042 0 1735042 0002 N
216 1 1 N N N 1 0002 740,664 1735166 0 1735166 0002 N
217 1 1 N N N 1 0002 1,769,455 1735919 0 1735919 0002 N
218 1 1 N N N 1 0002 1,097,228 1736115 0 1736115 0002 N
219 1 1 N N N 1 0002 1,285,230 1736131 0 1736131 0002 N
220 1 1 N N N 1 0002 2,853,171 1736149 0 1736149 0002 N
221 3 1 N Y 9,248.00 N 1 0002 512,365 1736180 0 1736180 0002 N
222 3 1 N N N 1 0002 628,462 1736354 0 1736354 0002 N
223 1 1 N N N 1 0002 773,962 1736388 0 1736388 0002 N
224 1 1 N N N 1 0002 1,185,781 1736800 0 1736800 0002 N
225 1 1 N N N 1 0002 1,461,562 1736842 0 1736842 0002 N
</TABLE>
D-96
<PAGE>
<TABLE>
<CAPTION>
Maximum Minimum Original
Loan-no City State Zip Index Margin Int rate Int rate Term
GROUP II LOANS
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
226 1736875 ASHBURN VA 20147 01 3.000 12.750 3.000 360
227 1737105 ARLINGTON VA 22201 01 3.000 13.125 3.000 360
228 1738160 ASHBURN VA 20147 01 3.000 12.625 3.000 360
229 1738335 WASHINGTON DC 20016 01 3.000 13.250 3.000 360
230 1738418 ANNAPOLIS MD 21401 01 3.000 13.125 3.000 360
231 1738525 WASHINGTON DC 20032 01 3.000 13.125 3.000 360
232 1738558 MANASSAS VA 20112 01 3.000 13.625 3.000 360
233 1738590 POTOMAC MD 20854 01 3.000 13.375 3.000 360
234 1738749 CHESTER MD 21619 01 3.000 13.750 3.000 360
235 1738756 CROWNSVILLE MD 21032 01 3.000 13.375 3.000 360
236 1738814 ASHBURN VA 20147 01 3.000 12.750 3.000 360
237 1739226 CHEVY CHASE MD 20815 01 3.000 13.250 3.000 360
238 1739341 BALTIMORE MD 21239 01 3.000 13.000 3.000 360
239 1739432 CHEVY CHASE MD 20815 01 3.000 13.250 3.000 360
240 1739556 ASHBURN VA 20147 01 3.000 13.125 3.000 360
241 1739606 SOUTH RIDIN VA 20152 01 3.000 13.125 3.000 360
242 1739671 GREENSBURG PA 15601 01 3.000 13.500 3.000 360
243 1740034 VIENNA VA 22182 01 3.000 13.125 3.000 360
244 1740349 ASHBURN VA 20147 01 3.000 13.000 3.000 360
245 1740497 FAIRFAX VA 22032 01 3.000 13.000 3.000 360
246 1740596 WASHINGTON DC 20015 01 3.000 13.375 3.000 360
247 1740653 WASHINGTON DC 20007 01 3.000 13.500 3.000 360
248 1740950 GAMBRILLS MD 21054 01 3.000 13.375 3.000 360
249 1741073 SUFFOLK VA 23436 01 3.000 12.625 3.000 360
250 1741115 MCLEAN VA 22101 01 3.000 13.000 3.000 360
251 1741123 GLENN DALE MD 20769 01 3.000 13.625 3.000 360
252 1741206 BETHESDA MD 20814 01 3.000 12.875 3.000 360
253 1741214 BETHESDA MD 20816 01 3.000 13.250 3.000 360
254 1741321 BETHESDA MD 20814 01 3.000 13.500 3.000 360
255 1741784 ELLICOTT CI MD 21043 01 3.000 13.250 3.000 360
256 1741842 ANNAPOLIS MD 21403 01 3.000 13.500 3.000 360
257 1742634 ASHBURN VA 20147 01 3.000 13.250 3.000 360
258 1742766 SOUTH RIDIN VA 22021 01 3.000 12.750 3.000 360
259 1742857 ALEXANDRIA VA 22302 01 3.000 13.750 3.000 360
260 1742956 RESTON VA 20194 01 3.000 12.500 3.000 360
261 1743244 VIENNA VA 22181 01 3.000 13.375 3.000 360
262 1743350 BETHESDA MD 20814 01 3.000 13.500 3.000 360
263 1743640 WASHINGTON DC 20007 01 3.000 13.000 3.000 360
264 1744135 WASHINGTON DC 20016 01 3.000 13.250 3.000 360
265 1744655 WASHINGTON DC 20007 01 3.000 13.125 3.000 360
266 1745215 ASHBURN VA 20147 01 3.000 12.750 3.000 360
267 1745249 SOUTH RIDIN VA 20152 01 3.000 12.875 3.000 360
268 1745272 CENTREVILLE VA 20121 01 3.000 13.375 3.000 360
269 1745504 ROCKVILLE MD 20853 01 3.000 13.375 3.000 360
270 1745587 STERLING VA 20165 01 3.000 12.625 3.000 360
271 1745967 KENSINGTON MD 20895 01 3.000 12.625 3.000 360
272 1747351 WASHINGTON DC 20010 01 3.000 13.375 3.000 360
273 1747377 GERMANTOWN MD 20876 01 3.000 13.375 3.000 360
274 1747401 ELLICOTT CI MD 21042 01 3.000 13.375 3.000 360
275 1747419 RESTON VA 20194 01 3.000 13.375 3.000 360
276 1747534 BETHESDA MD 20816 01 3.000 13.125 3.000 360
277 1747682 WASHINGTON DC 20009 01 3.000 12.500 3.000 360
278 1747732 GREENCASTLE PA 17225 01 3.000 12.875 3.000 360
279 1748003 ANNAPOLIS MD 21403 01 3.000 13.250 3.000 360
280 1748086 WASHINGTON DC 20009 01 3.000 13.375 3.000 360
281 1748185 BETHESDA MD 20814 01 3.000 13.500 3.000 360
282 1748193 GAITHERSBUR MD 20878 01 3.000 13.375 3.000 360
283 1748359 ROCKVILLE MD 20853 01 3.000 12.875 3.000 360
284 1748375 BETHESDA MD 20817 01 3.000 13.375 3.000 360
285 1749100 LEESBURG VA 20176 01 3.000 12.750 3.000 360
</TABLE>
D-97
<PAGE>
<TABLE>
<CAPTION>
Original 03/01/98 Orig-
Remaining Principal Principal 1st due 03/01/98 inal Appraised Net
Term Bal Bal date p&i LTV Value Mtg Rate
GROUP II LOANS
<S> <C> <C> <C> <C> <C> <C> <C> <C>
226 358 209,850.00 209,304.90 01/01/98 1,361.09 80.00 262,322.00 5.570
227 353 167,200.00 166,247.20 09/01/97 1,126.46 80.00 209,000.00 5.945
228 355 198,450.00 197,384.84 10/01/97 1,270.70 80.00 248,063.00 5.445
229 355 300,000.00 298,574.43 10/01/97 2,046.53 65.57 457,500.00 6.070
230 354 100,000.00 99,430.15 09/01/97 673.72 40.82 245,000.00 5.945
231 355 51,300.00 51,050.16 10/01/97 345.62 57.00 90,000.00 5.945
232 354 192,950.00 191,731.12 09/01/97 1,365.69 94.98 203,140.00 6.445
233 355 335,200.00 333,908.89 11/01/97 2,315.15 80.00 419,000.00 6.195
234 354 125,000.00 124,370.31 09/01/97 895.52 48.08 260,000.00 6.570
235 354 79,900.00 79,466.48 09/01/97 551.85 79.98 99,900.00 6.195
236 356 214,600.00 213,590.77 12/01/97 1,391.90 94.56 226,952.00 5.570
237 353 148,000.00 147,176.97 09/01/97 1,009.63 80.65 183,500.00 6.070
238 354 214,600.00 213,428.18 10/01/97 1,427.74 79.78 269,000.00 5.820
239 354 313,600.00 311,856.15 09/01/97 2,139.31 80.00 392,000.00 6.070
240 354 200,400.00 199,257.96 09/01/97 1,350.14 80.00 250,500.00 5.945
241 356 158,650.00 158,137.95 12/01/97 1,068.86 79.91 198,535.00 5.945
242 354 179,075.00 178,127.06 09/01/97 1,252.12 95.00 188,500.00 6.320
243 354 286,300.00 284,668.50 09/01/97 1,928.86 79.96 358,050.00 5.945
244 355 214,600.00 213,529.05 10/01/97 1,427.74 78.59 273,070.00 5.820
245 355 181,950.00 181,041.96 10/01/97 1,210.52 80.00 227,450.00 5.820
246 356 200,000.00 199,229.62 11/01/97 1,381.36 78.13 256,000.00 6.195
247 354 250,000.00 248,676.61 09/01/97 1,748.04 45.87 545,000.00 6.320
248 355 105,000.00 104,298.66 10/01/97 725.21 30.00 350,000.00 6.195
249 354 80,000.00 79,570.63 10/01/97 512.25 70.48 113,500.00 5.445
250 354 204,000.00 202,808.77 09/01/97 1,357.22 80.00 255,000.00 5.820
251 354 257,400.00 256,070.73 09/01/97 1,821.87 90.00 286,000.00 6.445
252 355 200,800.00 199,773.18 10/01/97 1,319.12 80.00 251,000.00 5.695
253 355 131,200.00 130,576.54 10/01/97 895.02 80.00 164,000.00 6.070
254 354 192,000.00 190,983.59 09/01/97 1,342.50 80.00 240,000.00 6.320
255 355 185,200.00 184,319.90 10/01/97 1,263.40 80.00 231,500.00 6.070
256 353 307,500.00 305,872.23 09/01/97 2,150.09 75.00 410,000.00 6.320
257 355 142,208.00 141,530.20 10/01/97 970.11 80.00 177,760.00 6.070
258 357 193,450.00 192,947.50 01/01/98 1,254.72 94.99 203,650.00 5.570
259 354 266,000.00 264,660.06 09/01/97 1,905.66 95.00 266,000.00 6.570
260 355 406,000.00 403,767.77 10/01/97 2,566.20 80.00 507,500.00 5.320
261 355 236,000.00 234,905.81 10/01/97 1,630.00 80.00 295,000.00 6.195
262 355 300,000.00 298,643.05 10/01/97 2,097.65 80.00 375,000.00 6.320
263 355 334,600.00 213,529.05 10/01/97 1,427.74 63.73 525,000.00 5.820
264 354 468,000.00 465,397.58 09/01/97 3,192.59 80.00 585,000.00 6.070
265 355 157,200.00 156,434.43 10/01/97 1,059.09 60.00 262,000.00 5.945
266 356 165,600.00 164,879.03 11/01/97 1,074.08 90.00 184,000.00 5.570
267 354 160,000.00 159,042.71 09/01/97 1,051.09 80.00 200,000.00 5.695
268 355 129,680.00 129,078.75 10/01/97 895.67 80.00 162,100.00 6.195
269 355 142,000.00 141,341.65 10/01/97 980.76 57.96 245,000.00 6.195
270 355 185,725.00 184,728.15 10/01/97 1,189.22 95.00 195,500.00 5.445
271 355 256,000.00 254,625.95 10/01/97 1,639.20 80.00 320,000.00 5.445
272 354 171,200.00 170,034.20 10/01/97 1,182.44 80.00 214,000.00 6.195
273 356 132,000.00 131,491.54 11/01/97 911.70 80.00 165,000.00 6.195
274 355 149,055.00 148,363.92 10/01/97 1,029.49 95.00 156,900.00 6.195
275 357 360,450.00 359,342.75 12/01/97 2,489.54 79.94 450,896.00 6.195
276 355 188,000.00 187,084.41 10/01/97 1,266.60 80.00 235,000.00 5.945
277 355 161,405.00 160,517.58 10/01/97 1,020.19 95.00 169,900.00 5.320
278 357 90,700.00 90,392.56 12/01/97 595.84 86.38 105,000.00 5.695
279 355 495,000.00 491,988.47 10/01/97 3,376.78 77.34 640,000.00 6.070
280 355 93,000.00 92,568.82 10/01/97 642.33 60.00 155,000.00 6.195
281 357 196,000.00 195,412.65 12/01/97 1,370.47 78.40 250,000.00 6.320
282 358 310,600.00 310,125.86 02/01/98 2,145.24 79.99 388,283.00 6.195
283 356 258,000.00 257,114.71 12/01/97 1,694.88 80.00 322,500.00 5.695
284 355 500,000.00 497,681.87 10/01/97 3,453.38 74.07 675,000.00 6.195
285 355 90,000.00 88,846.49 11/01/97 583.74 60.40 149,000.00 5.570
</TABLE>
D-98
<PAGE>
<TABLE>
<CAPTION>
Lender
Property Paid CD pledge CD Convert- POOL-OUT
Type Occ MI (Y/N) Loan (Y/N) Amount ible Purp POOL-OUT
GROUP II LOANS
Loannum Outpool Conv-Y/N
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
226 1 1 N N N 1 0002 1,165,828 1736875 0 1736875 0002 N
227 3 1 N N N 1 0002 988,340 1737105 0 1737105 0002 N
228 1 1 N N N 1 0002 1,074,760 1738160 0 1738160 0002 N
229 1 1 N N N 1 0002 1,812,347 1738335 0 1738335 0002 N
230 1 1 N N N 1 0002 591,112 1738418 0 1738418 0002 N
231 1 1 N N N 3 0002 303,493 1738525 0 1738525 0002 N
232 1 1 N N N 1 0002 1,235,707 1738558 0 1738558 0002 N
233 1 1 N N N 1 0002 2,068,566 1738590 0 1738590 0002 N
234 1 1 N N N 3 0002 817,113 1738749 0 1738749 0002 N
235 1 1 N N N 1 0002 492,295 1738756 0 1738756 0002 N
236 1 1 N N N 1 0002 1,189,701 1738814 0 1738814 0002 N
237 3 1 N N N 1 0002 893,364 1739226 0 1739226 0002 N
238 1 1 N N N 1 0002 1,242,152 1739341 0 1739341 0002 N
239 1 1 N N N 1 0002 1,892,967 1739432 0 1739432 0002 N
240 1 1 N N N 1 0002 1,184,589 1739556 0 1739556 0002 N
241 1 1 N N N 1 0002 940,130 1739606 0 1739606 0002 N
242 2 1 N N N 1 0002 1,125,763 1739671 0 1739671 0002 N
243 1 1 N N N 1 0002 1,692,354 1740034 0 1740034 0002 N
244 1 1 N N N 1 0002 1,242,739 1740349 0 1740349 0002 N
245 1 1 N N N 1 0002 1,053,664 1740497 0 1740497 0002 N
246 1 1 N N N 1 0002 1,234,227 1740596 0 1740596 0002 N
247 1 1 N N N 1 0002 1,571,636 1740653 0 1740653 0002 N
248 1 1 N N N 2 0002 646,130 1740950 0 1740950 0002 N
249 1 1 N N N 1 0002 433,262 1741073 0 1741073 0002 N
250 1 1 N N N 1 0002 1,180,347 1741115 0 1741115 0002 N
251 1 1 N N N 1 0002 1,650,376 1741123 0 1741123 0002 N
252 1 1 N N N 1 0002 1,137,708 1741206 0 1741206 0002 N
253 3 1 N N N 1 0002 792,600 1741214 0 1741214 0002 N
254 1 1 N N N 1 0002 1,207,016 1741321 0 1741321 0002 N
255 1 1 N N N 1 0002 1,118,822 1741784 0 1741784 0002 N
256 3 1 N N N 1 0002 1,933,112 1741842 0 1741842 0002 N
257 2 1 N N N 1 0002 859,088 1742634 0 1742634 0002 N
258 1 1 N N N 1 0002 1,074,718 1742766 0 1742766 0002 N
259 1 1 N Y 13,300.00 N 1 0002 1,738,817 1742857 0 1742857 0002 N
260 1 1 N N N 1 0002 2,148,045 1742956 0 1742956 0002 N
261 1 1 N N N 1 0002 1,455,241 1743244 0 1743244 0002 N
262 2 1 N N N 1 0002 1,887,424 1743350 0 1743350 0002 N
263 1 1 N N N 2 0002 1,242,739 1743640 0 1743640 0002 N
264 1 1 N N N 2 0002 2,824,963 1744135 0 1744135 0002 N
265 2 1 N N N 1 0002 930,003 1744655 0 1744655 0002 N
266 2 1 N N N 1 0002 918,376 1745215 0 1745215 0002 N
267 2 1 N N N 1 0002 905,748 1745249 0 1745249 0002 N
268 2 1 N N N 1 0002 799,643 1745272 0 1745272 0002 N
269 1 1 N N N 3 0002 875,612 1745504 0 1745504 0002 N
270 2 1 N N N 1 0002 1,005,845 1745587 0 1745587 0002 N
271 1 1 N N N 1 0002 1,386,438 1745967 0 1745967 0002 N
272 2 1 N N N 1 0002 1,053,362 1747351 0 1747351 0002 N
273 1 1 N N N 1 0002 814,590 1747377 0 1747377 0002 N
274 1 1 N N N 1 0002 919,114 1747401 0 1747401 0002 N
275 1 1 N N N 1 0002 2,226,128 1747419 0 1747419 0002 N
276 3 1 N N N 1 0002 1,112,217 1747534 0 1747534 0002 N
277 3 1 N N N 1 0002 853,954 1747682 0 1747682 0002 N
278 1 1 N N N 2 0002 514,786 1747732 0 1747732 0002 N
279 3 1 N N N 2 0002 2,986,370 1748003 0 1748003 0002 N
280 3 1 N N N 1 0002 573,464 1748086 0 1748086 0002 N
281 1 1 N N N 3 0002 1,235,008 1748185 0 1748185 0002 N
282 1 1 N N N 1 0002 1,921,230 1748193 0 1748193 0002 N
283 1 1 N N N 1 0002 1,464,268 1748359 0 1748359 0002 N
284 1 1 N N N 2 0002 3,083,139 1748375 0 1748375 0002 N
285 1 1 N N N 1 0002 494,875 1749100 0 1749100 0002 N
</TABLE>
D-99
<PAGE>
<TABLE>
<CAPTION>
Maximum Minimum Original
Loan-no City State Zip Index Margin Int rate Int rate Term
GROUP II LOANS
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
286 1749431 ALEXANDRIA VA 22312 01 3.000 12.625 3.000 360
287 1750009 OAKTON VA 22124 01 3.000 13.375 3.000 360
288 1750025 FALLS CHURC VA 22041 01 3.000 13.000 3.000 360
289 1750355 BETHESDA MD 20814 01 3.000 13.125 3.000 360
290 1750611 YORKTOWN VA 23693 01 3.000 13.250 3.000 360
291 1751064 WASHINGTON DC 20037 01 3.000 13.375 3.000 360
292 1751114 MCLEAN VA 22101 01 3.000 13.375 3.000 360
293 1751460 BETHESDA MD 20817 01 3.000 13.375 3.000 360
294 1751908 CENTREVILLE VA 20120 01 3.000 13.625 3.000 360
295 1752237 FREDERICKSB VA 22407 01 3.000 13.250 3.000 360
296 1752245 STERLING VA 20165 01 3.000 13.250 3.000 360
297 1752740 FALLS CHURC VA 22046 01 3.000 12.750 3.000 360
298 1752781 MANASSAS VA 20112 01 3.000 13.250 3.000 360
299 1753268 CLIFTON VA 20124 01 3.000 12.625 3.000 360
300 1754514 WASHINGTON DC 20015 01 3.000 12.875 3.000 360
301 1754894 KENSINGTON MD 20895 01 3.000 12.875 3.000 360
302 1755842 WASHINGTON DC 20015 01 3.000 13.625 3.000 360
303 1755941 LEESBURG VA 20176 01 3.550 13.175 3.550 360
304 1756188 RESTON VA 20190 01 3.000 13.250 3.000 360
305 1757921 RESTON VA 20191 01 3.000 13.125 3.000 360
306 1758069 ASHBURN VA 20147 01 3.000 13.125 3.000 360
307 1758150 WASHINGTON DC 20012 01 3.300 13.425 3.300 360
308 1759000 FAIRFAX VA 22033 01 3.000 13.125 3.000 360
309 1759042 FAIRFAX VA 22033 01 3.000 13.125 3.000 360
310 1759075 ANNANDALE VA 22003 01 3.000 13.250 3.000 360
311 1759125 WASHINGTON DC 20015 01 3.000 13.375 3.000 360
312 1759695 VIENNA VA 22181 01 3.000 13.000 3.000 360
313 1759703 VIENNA VA 22182 01 3.000 12.625 3.000 360
314 1759844 BALTIMORE MD 21209 01 3.000 13.375 3.000 360
315 1759869 LUTHERVILLE MD 21093 01 3.200 13.450 3.200 360
316 1759901 ANNAPOLIS MD 21401 01 3.000 13.250 3.000 360
317 1760438 ARLINGTON VA 22205 01 3.000 12.625 3.000 360
318 1760693 RANDALLSTOW MD 21133 01 3.000 12.875 3.000 180
319 1760800 FALLS CHURC VA 22043 01 3.300 13.050 3.300 360
320 1761006 ALEXANDRIA VA 22307 01 3.000 12.875 3.000 360
321 1761089 STAFFORD VA 22554 01 3.000 12.875 3.000 360
322 1761196 ARLINGTON VA 22207 01 3.000 12.500 3.000 360
323 1761410 WASHINGTON DC 20007 01 3.000 13.250 3.000 360
324 1761741 SILVER SPRI MD 20910 01 3.000 12.875 3.000 360
325 1762095 WASHINGTON DC 20007 01 3.000 13.000 3.000 360
326 1762145 OAKTON VA 22124 01 3.000 12.875 3.000 360
327 1762251 HAYMARKET VA 20169 01 3.000 13.125 3.000 360
328 1762897 WOODBINE MD 21797 01 3.000 12.500 3.000 360
329 1762996 WASHINGTON DC 20007 01 3.000 13.250 3.000 360
330 1763036 CHEVY CHASE MD 20815 01 3.000 13.000 3.000 360
331 1763168 WASHINGTON DC 20007 01 3.000 13.000 3.000 360
332 1763200 ASHBURN VA 20147 01 3.000 11.750 3.000 360
333 1763366 GREAT FALLS VA 22066 01 3.000 13.250 3.000 360
334 1763622 KENSINGTON MD 20895 01 3.000 13.000 3.000 360
335 1763770 BETHESDA MD 20814 01 3.000 13.375 3.000 360
336 1764398 VIENNA VA 22181 01 3.000 13.000 3.000 360
337 1764448 ARLINGTON VA 22201 01 3.000 12.875 3.000 360
338 1764745 YORKTOWN VA 23693 01 3.000 13.375 3.000 360
339 1765296 BALTIMORE MD 21234 01 3.000 13.375 3.000 360
340 1766302 WASHINGTON DC 20008 01 3.000 12.875 3.000 360
341 1766484 HERNDON VA 20171 01 3.550 13.050 3.550 360
342 1766500 WASHINGTON DC 20032 01 3.000 13.375 3.000 360
343 1766757 GRASONVILLE MD 21638 01 3.550 14.050 3.550 360
344 1766997 BETHESDA MD 20814 01 3.000 12.375 3.000 360
345 1767201 YORKTOWN VA 23693 01 3.000 12.500 3.000 360
</TABLE>
D-100
<PAGE>
<TABLE>
<CAPTION>
Original 03/01/98 Orig-
Remaining Principal Principal 1st due 03/01/98 inal Appraised Net
Term Bal Bal date p&i LTV Value Mtg Rate
GROUP II LOANS
<S> <C> <C> <C> <C> <C> <C> <C> <C>
286 355 135,200.00 134,596.92 11/01/97 865.71 80.00 169,000.00 5.445
287 354 71,000.00 70,670.81 10/01/97 490.38 78.89 90,000.00 6.195
288 355 181,450.00 180,544.44 10/01/97 1,207.20 95.00 191,000.00 5.820
289 356 300,000.00 299,031.78 12/01/97 2,021.16 80.00 375,000.00 5.945
290 355 173,000.00 172,243.39 11/01/97 1,180.17 82.78 209,000.00 6.070
291 356 126,400.00 125,913.12 11/01/97 873.02 79.50 159,000.00 6.195
292 356 194,500.00 193,750.81 11/01/97 1,343.37 95.00 194,500.00 6.195
293 356 161,000.00 153,884.85 12/01/97 1,111.99 72.52 222,000.00 6.195
294 356 298,800.00 297,704.86 11/01/97 2,114.89 71.83 416,000.00 6.445
295 357 55,000.00 54,870.49 01/01/98 375.20 52.38 105,000.00 6.070
296 355 272,000.00 270,926.16 11/01/97 1,855.52 87.74 310,000.00 6.070
297 358 279,300.00 278,817.69 02/01/98 1,811.54 95.00 294,000.00 5.570
298 357 207,200.00 206,547.57 12/01/97 1,413.47 80.00 259,000.00 6.070
299 356 267,500.00 266,306.81 11/01/97 1,712.84 50.95 525,000.00 5.445
300 356 208,000.00 207,116.18 11/01/97 1,366.42 80.00 260,000.00 5.695
301 358 249,280.00 248,859.94 02/01/98 1,637.60 80.00 311,600.00 5.695
302 357 218,500.00 217,861.37 12/01/97 1,546.53 95.00 230,000.00 6.445
303 359 204,643.00 204,480.96 03/01/98 1,385.63 95.00 215,414.00 5.445
304 358 81,000.00 80,809.27 01/01/98 552.57 90.00 90,000.00 6.070
305 357 160,000.00 159,483.63 12/01/97 1,077.95 80.00 200,000.00 5.945
306 358 234,850.00 234,283.23 01/01/98 1,582.23 94.98 247,254.00 5.945
307 358 207,000.00 206,529.26 01/01/98 1,436.76 90.00 230,000.00 5.945
308 357 144,000.00 143,535.25 12/01/97 970.16 80.00 180,000.00 5.945
309 357 148,000.00 147,522.33 12/01/97 997.11 80.00 185,000.00 5.945
310 357 152,000.00 151,521.38 12/01/97 1,036.91 80.00 190,000.00 6.070
311 358 303,200.00 300,980.97 01/01/98 2,094.13 80.00 379,000.00 6.195
312 357 133,000.00 132,560.06 12/01/97 884.86 35.95 370,000.00 5.820
313 356 184,000.00 183,345.22 12/01/97 1,178.18 80.00 230,000.00 5.445
314 347 152,450.00 152,099.83 01/01/98 1,052.94 94.98 160,500.00 6.195
315 359 193,500.00 193,209.00 02/01/98 1,346.36 84.13 230,000.00 6.070
316 357 708,000.00 705,770.66 12/01/97 4,829.81 80.00 885,000.00 6.070
317 357 144,000.00 143,487.57 12/01/97 922.05 80.00 180,000.00 5.445
318 177 82,600.00 81,805.11 01/01/98 736.68 70.00 118,000.00 5.695
319 358 202,500.00 202,170.33 02/01/98 1,354.04 90.00 225,000.00 5.570
320 359 296,000.00 295,501.22 02/01/98 1,944.51 80.00 370,000.00 5.695
321 357 148,400.00 147,896.97 12/01/97 974.89 95.00 148,400.00 5.695
322 357 280,000.00 278,979.22 12/01/97 1,769.80 80.00 350,000.00 5.320
323 359 313,600.00 313,109.24 02/01/98 2,139.31 80.00 392,000.00 6.070
324 358 193,411.00 192,920.71 01/01/98 1,270.58 78.94 245,000.00 5.695
325 357 425,000.00 423,594.26 12/01/97 2,827.54 74.56 570,000.00 5.820
326 360 210,000.00 209,823.56 03/01/98 1,379.56 60.00 350,000.00 5.695
327 358 107,000.00 106,741.76 01/01/98 720.88 46.72 229,000.00 5.945
328 358 200,000.00 199,449.55 01/01/98 1,264.14 80.00 250,000.00 5.320
329 357 196,000.00 195,382.82 12/01/97 1,337.07 80.00 245,000.00 6.070
330 356 300,000.00 299,007.72 12/01/97 1,995.91 28.57 1,050,000.00 5.820
331 359 170,000.00 169,720.48 02/01/98 1,131.02 68.83 247,000.00 5.820
332 359 184,750.00 184,557.10 03/01/98 1,078.16 79.82 231,444.00 4.570
333 358 153,450.00 152,886.89 01/01/98 1,046.80 90.00 170,500.00 6.070
334 358 138,400.00 138,057.67 01/01/98 920.78 80.00 173,000.00 5.820
335 358 228,800.00 228,274.48 01/01/98 1,580.27 80.00 286,000.00 6.195
336 358 211,800.00 211,276.10 01/01/98 1,409.12 79.98 264,800.00 5.820
337 358 175,000.00 174,354.67 01/01/98 1,149.63 71.14 246,000.00 5.695
338 358 214,000.00 213,508.47 01/01/98 1,478.05 79.29 269,900.00 6.195
339 358 85,000.00 84,804.76 01/01/98 587.08 74.56 114,000.00 6.195
340 358 63,750.00 63,588.38 01/01/98 418.80 75.00 85,000.00 5.695
341 359 169,100.00 168,824.70 02/01/98 1,130.71 95.00 178,000.00 5.320
342 359 83,200.00 83,047.47 02/01/98 574.65 80.00 104,000.00 6.195
343 359 260,300.00 259,953.06 02/01/98 1,919.07 95.00 274,000.00 6.320
344 358 180,000.00 179,497.17 01/01/98 1,122.97 52.17 345,000.00 5.195
345 360 160,000.00 159,855.36 03/01/98 1,011.31 69.57 230,000.00 5.320
</TABLE>
D-101
<PAGE>
<TABLE>
<CAPTION>
Lender
Property Paid CD pledge CD Convert- POOL-OUT
Type Occ MI (Y/N) Loan (Y/N) Amount ible Purp POOL-OUT
GROUP II LOANS
Loannum Outpool Conv-Y/N
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
286 3 1 N N N 1 0002 732,880 1749431 0 1749431 0002 N
287 3 1 N N N 3 0002 437,806 1750009 0 1750009 0002 N
288 1 1 N N N 1 0002 1,050,769 1750025 0 1750025 0002 N
289 1 1 N N N 1 0002 1,777,744 1750355 0 1750355 0002 N
290 1 1 N N N 2 0002 1,045,517 1750611 0 1750611 0002 N
291 3 1 N N N 2 0002 780,032 1751064 0 1751064 0002 N
292 1 1 N Y 9,725.00 N 1 0002 1,200,286 1751114 0 1751114 0002 N
293 1 1 N N N 3 0002 953,317 1751460 0 1751460 0002 N
294 1 1 N N N 2 0002 1,918,708 1751908 0 1751908 0002 N
295 1 1 N N N 1 0002 333,064 1752237 0 1752237 0002 N
296 1 1 N N N 3 0002 1,644,522 1752245 0 1752245 0002 N
297 1 1 N N N 1 0002 1,553,015 1752740 0 1752740 0002 N
298 1 1 N N N 2 0002 1,253,744 1752781 0 1752781 0002 N
299 1 1 N N N 1 0002 1,450,041 1753268 0 1753268 0002 N
300 1 1 N N N 1 0002 1,179,527 1754514 0 1754514 0002 N
301 1 1 N N N 1 0002 1,417,257 1754894 0 1754894 0002 N
302 1 1 N N N 1 0002 1,404,117 1755842 0 1755842 0002 N
303 1 1 Y N N 1 0002 1,113,399 1755941 0 1755941 0002 N
304 3 1 N N N 2 0002 490,512 1756188 0 1756188 0002 N
305 1 1 N N N 3 0002 948,130 1757921 0 1757921 0002 N
306 1 1 N N N 1 0002 1,392,814 1758069 0 1758069 0002 N
307 1 1 Y N N 1 0002 1,227,816 1758150 0 1758150 0002 N
308 2 1 N N N 2 0002 853,317 1759000 0 1759000 0002 N
309 2 1 N N N 2 0002 877,020 1759042 0 1759042 0002 N
310 1 1 N N N 2 0002 919,735 1759075 0 1759075 0002 N
311 1 1 N N N 1 0002 1,864,577 1759125 0 1759125 0002 N
312 1 1 N N N 3 0002 771,500 1759695 0 1759695 0002 N
313 2 1 N N N 1 0002 998,315 1759703 0 1759703 0002 N
314 1 1 N N N 1 0002 942,258 1759844 0 1759844 0002 N
315 1 1 Y N N 2 0002 1,172,779 1759869 0 1759869 0002 N
316 1 1 N N N 3 0002 4,284,028 1759901 0 1759901 0002 N
317 1 1 N N N 1 0002 781,290 1760438 0 1760438 0002 N
318 1 1 N N N 1 0002 465,880 1760693 0 1760693 0002 N
319 1 1 Y N N 1 0002 1,126,089 1760800 0 1760800 0002 N
320 1 1 N N N 1 0002 1,682,879 1761006 0 1761006 0002 N
321 1 1 N Y 7,420.00 N 1 0002 842,273 1761089 0 1761089 0002 N
322 1 1 N N N 1 0002 1,484,169 1761196 0 1761196 0002 N
323 1 1 N N N 1 0002 1,900,573 1761410 0 1761410 0002 N
324 1 1 N N N 3 0002 1,098,683 1761741 0 1761741 0002 N
325 2 1 N N N 3 0002 2,465,319 1762095 0 1762095 0002 N
326 1 1 N N N 1 0002 1,194,945 1762145 0 1762145 0002 N
327 1 1 N N N 3 0002 634,580 1762251 0 1762251 0002 N
328 1 1 N N N 1 0002 1,061,072 1762897 0 1762897 0002 N
329 1 1 N N N 1 0002 1,185,974 1762996 0 1762996 0002 N
330 1 1 N N N 3 0002 1,740,225 1763036 0 1763036 0002 N
331 2 1 N N N 2 0002 987,773 1763168 0 1763168 0002 N
332 1 1 N N N 1 0002 843,426 1763200 0 1763200 0002 N
333 1 1 N N N 2 0002 928,023 1763366 0 1763366 0002 N
334 1 1 N N N 2 0002 803,496 1763622 0 1763622 0002 N
335 1 1 N N N 2 0002 1,414,160 1763770 0 1763770 0002 N
336 2 1 N N N 1 0002 1,229,627 1764398 0 1764398 0002 N
337 2 1 N N N 3 0002 992,950 1764448 0 1764448 0002 N
338 1 1 N N N 1 0002 1,322,685 1764745 0 1764745 0002 N
339 1 1 N N N 3 0002 525,365 1765296 0 1765296 0002 N
340 3 1 N N N 1 0002 362,136 1766302 0 1766302 0002 N
341 2 1 Y N N 1 0002 898,147 1766484 0 1766484 0002 N
342 1 1 N N Y 3 0002 514,479 1766500 0 1766500 0002 Y
343 3 1 Y N N 1 0002 1,642,903 1766757 0 1766757 0002 N
344 1 1 N N N 3 0002 932,488 1766997 0 1766997 0002 N
345 1 1 N N N 3 0002 850,431 1767201 0 1767201 0002 N
</TABLE>
D-102
<PAGE>
<TABLE>
<CAPTION>
Maximum Minimum Original
Loan-no City State Zip Index Margin Int rate Int rate Term
GROUP II LOANS
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
346 1767292 MANASSAS VA 20112 01 3.000 13.625 3.000 360
347 1767342 COLUMBIA MD 21043 01 3.000 12.675 3.000 360
348 1767433 RESTON VA 20191 01 3.000 12.875 3.000 360
349 1769124 WASHINGTON DC 20007 01 3.000 12.875 3.000 360
350 1769132 WASHINGTON DC 20007 01 3.000 12.750 3.000 360
351 1770023 WASHINGTON DC 20016 01 3.000 13.000 3.000 360
352 1770031 WASHINGTON DC 20009 01 3.550 13.925 3.550 360
353 1770361 MCLEAN VA 22101 01 3.000 12.500 3.000 360
354 1770486 CHEVY CHASE MD 20815 01 3.000 13.250 3.000 360
355 1770494 WASHINGTON DC 20016 01 3.000 13.125 3.000 360
356 1770650 SPRINGFIELD VA 22150 01 3.000 13.125 3.000 360
357 1770866 DAVIDSONVIL MD 21035 01 3.000 12.625 3.000 360
358 1770957 ELLICOTT CI MD 21043 01 3.000 13.250 3.000 360
359 1771070 WASHINGTON DC 20008 01 3.000 13.375 3.000 360
360 1771922 WASHINGTON DC 20007 01 3.000 13.000 3.000 360
361 1771955 WASHINGTON DC 20003 01 3.300 13.550 3.300 360
362 1772151 WASHINGTON DC 20007 01 3.000 13.375 3.000 360
363 1772201 FREDERICK MD 21701 01 3.200 13.575 3.200 360
364 1772987 CHANTILLY VA 20121 01 3.000 12.750 3.000 360
365 1773068 HIGHLAND MD 20777 01 3.000 13.250 3.000 360
366 1773456 FALLS CHURC VA 22043 01 3.000 13.250 3.000 360
367 1773464 WASHINGTON DC 20015 01 3.000 13.375 3.000 360
368 1773795 COLUMBIA MD 21046 01 3.000 13.250 3.000 360
369 1774116 VIENNA VA 22182 01 3.000 12.250 3.000 360
370 1774348 NEWPORT NEW VA 23602 01 3.550 13.550 3.550 360
371 1774967 REMINGTON VA 22734 01 3.550 13.900 3.550 360
372 1775246 WASHINGTON DC 20007 01 3.650 14.175 3.650 360
373 1775709 ELLICOTT CI MD 21042 01 3.000 13.375 3.000 360
374 1775949 MCLEAN VA 22101 01 3.000 12.875 3.000 360
375 1776129 WASHINGTON DC 20008 01 3.000 12.750 3.000 360
376 1776525 ASHBURN VA 20147 01 3.550 13.300 3.550 360
377 1777101 CHESTER MD 21619 01 3.200 12.325 3.200 360
378 1778257 COLUMBIA MD 21044 01 3.000 12.375 3.000 360
379 1778422 WASHINGTON DC 20008 01 3.650 13.400 3.650 360
380 1779594 FALLS CHURC VA 22042 01 3.300 13.300 3.300 360
381 1780063 SILVER SPRI MD 20906 01 3.000 12.750 3.000 360
382 1780337 WASILLA AK 99654 01 3.000 13.000 3.000 360
383 1780915 ASHBURN VA 20147 01 3.000 12.500 3.000 360
384 4614616 WASHINGTON DC 20009 01 3.000 12.375 3.000 360
385 4616413 ELLICOTT CI MD 21043 01 3.000 13.625 3.000 360
386 4618039 CHEVY CHASE MD 20815 01 3.250 13.375 3.250 360
387 4622197 BALTIMORE MD 21236 01 3.250 13.500 3.250 360
388 4623591 ALEXANDRIA VA 22314 01 3.000 13.375 3.000 360
389 4623930 FAIRFAX VA 22032 03 3.000 13.250 3.000 360
390 4625356 SILVER SPRI MD 20906 01 3.250 14.750 3.250 360
391 4626156 BOWIE MD 20721 01 3.000 13.250 3.000 360
392 4626859 FREDERICKSB VA 22407 01 3.250 14.750 3.250 360
393 4628756 ALEXANDRIA VA 22310 01 3.250 13.000 3.250 360
394 4628863 BOWIE MD 20721 01 3.000 12.375 3.000 360
395 4629770 GERMANTOWN MD 20874 01 3.250 12.625 3.250 360
396 4631479 KEEDYSVILLE MD 21756 01 3.250 12.625 3.250 360
397 4631529 WASHINGTON DC 20003 01 3.000 12.625 3.000 360
398 4632188 BOWIE MD 20720 01 3.250 12.875 3.250 360
399 4632642 BALTIMORE MD 21214 01 3.000 12.625 3.000 360
400 4632840 NEW MARKET MD 21774 01 3.000 12.625 3.000 360
401 4635280 LORTON VA 22079 01 3.250 12.625 3.250 360
402 4635991 WASHINGTON DC 20016 01 3.250 12.875 3.250 360
403 4636171 COLUMBIA MD 21044 03 3.875 12.750 3.875 360
404 4636411 GERMANTOWN MD 20874 01 3.250 12.875 3.250 360
405 4636742 FORT WASHIN MD 20744 01 3.250 12.875 3.250 360
</TABLE>
D-103
<PAGE>
<TABLE>
<CAPTION>
Original 03/01/98 Orig-
Remaining Principal Principal 1st due 03/01/98 inal Appraised Net
Term Bal Bal date p&i LTV Value Mtg Rate
GROUP II LOANS
<S> <C> <C> <C> <C> <C> <C> <C> <C>
346 359 258,400.00 258,024.77 02/01/98 1,828.94 95.00 272,000.00 6.445
347 359 126,790.00 126,567.82 02/01/98 816.05 90.00 140,885.00 5.195
348 359 292,000.00 291,754.68 03/01/98 1,918.24 79.24 368,500.00 5.695
349 360 221,400.00 221,213.99 03/01/98 1,454.45 79.93 277,000.00 5.695
350 359 214,600.00 214,229.42 02/01/98 1,391.90 78.04 275,000.00 5.570
351 360 300,000.00 299,754.09 03/01/98 1,995.91 31.58 950,000.00 5.820
352 358 156,750.00 156,427.52 01/01/98 1,141.99 95.00 165,000.00 6.195
353 358 400,000.00 399,274.82 02/01/98 2,528.28 50.63 790,000.00 5.320
354 360 87,200.00 87,131.97 03/01/98 594.86 80.00 109,000.00 6.070
355 360 530,000.00 529,576.16 03/01/98 3,570.71 76.81 690,000.00 5.945
356 358 126,400.00 126,094.93 01/01/98 851.59 80.00 158,000.00 5.945
357 359 254,400.00 253,949.84 02/01/98 1,628.96 80.00 318,000.00 5.445
358 359 202,300.00 201,983.41 02/01/98 1,380.05 78.41 258,000.00 6.070
359 357 351,200.00 350,393.33 01/01/98 2,425.66 80.00 439,000.00 6.195
360 360 164,000.00 163,865.57 03/01/98 1,091.10 80.00 205,000.00 5.820
361 359 148,950.00 148,730.44 02/01/98 1,046.58 90.00 165,500.00 6.070
362 359 430,000.00 429,343.59 02/01/98 2,969.91 66.15 650,000.00 6.195
363 358 107,500.00 107,342.33 02/01/98 757.18 84.98 126,500.00 6.195
364 359 291,772.00 291,268.16 02/01/98 1,892.43 80.00 364,715.00 5.570
365 357 83,400.00 83,203.63 01/01/98 568.94 24.90 335,000.00 6.070
366 359 240,000.00 239,624.41 02/01/98 1,637.23 68.57 350,000.00 6.070
367 359 245,000.00 244,625.99 02/01/98 1,692.16 74.81 327,500.00 6.195
368 359 147,000.00 146,769.96 02/01/98 1,002.80 70.00 210,000.00 6.070
369 360 366,100.00 365,752.62 03/01/98 2,254.15 74.99 488,183.00 5.070
370 359 146,500.00 146,284.04 02/01/98 1,029.37 95.25 153,800.00 5.820
371 359 116,000.00 115,840.63 02/01/98 843.09 95.00 116,000.00 6.070
372 359 239,400.00 239,088.91 02/01/98 1,785.93 95.00 252,000.00 6.445
373 359 265,600.00 264,402.40 02/01/98 1,834.44 80.00 332,000.00 6.195
374 359 160,000.00 159,865.58 03/01/98 1,051.09 24.06 665,000.00 5.695
375 360 188,000.00 187,838.13 03/01/98 1,219.37 75.20 250,000.00 5.570
376 360 152,400.00 152,282.29 03/01/98 1,044.81 94.95 160,500.00 5.570
377 360 134,300.00 134,174.40 03/01/98 833.47 85.00 158,000.00 4.945
378 359 97,500.00 97,409.69 03/01/98 608.28 68.42 142,500.00 5.195
379 359 163,400.00 162,368.06 02/01/98 1,131.35 95.00 172,000.00 5.570
380 360 115,700.00 115,610.63 03/01/98 793.21 89.00 130,000.00 5.820
381 360 110,000.00 109,905.29 03/01/98 713.46 53.66 205,000.00 5.570
382 359 63,500.00 63,447.95 03/01/98 422.47 46.01 138,000.00 5.820
383 360 114,400.00 114,296.58 03/01/98 723.09 80.00 143,000.00 5.320
384 292 77,900.00 72,313.71 07/01/92 488.75 95.00 82,000.00 5.195
385 295 188,700.00 177,697.54 09/01/92 1,469.68 89.40 211,065.00 7.570
386 294 109,000.00 102,375.96 10/01/92 846.84 94.95 114,800.00 7.570
387 296 112,500.00 105,256.05 11/01/92 869.46 94.88 118,565.00 7.570
388 297 76,950.00 72,055.74 12/01/92 529.12 94.97 81,025.00 6.195
389 298 216,900.00 204,420.70 01/01/93 1,668.09 90.00 241,000.00 7.445
390 299 172,950.00 163,334.86 02/01/93 1,345.36 89.99 192,190.00 7.570
391 301 170,950.00 161,035.85 04/01/93 1,166.19 80.00 213,699.00 6.070
392 303 99,000.00 93,185.93 05/01/93 675.36 86.46 114,500.00 6.070
393 301 202,300.00 190,657.02 05/01/93 1,345.91 93.34 216,741.00 5.820
394 304 196,600.00 184,768.32 07/01/93 1,242.65 89.98 218,505.00 5.320
395 304 127,300.00 119,800.09 07/01/93 815.12 95.00 134,000.00 5.445
396 306 111,700.00 105,519.50 10/01/93 715.23 94.98 117,605.00 5.445
397 304 203,150.00 191,251.55 07/01/93 1,317.63 74.69 272,000.00 5.570
398 305 181,600.00 170,906.02 09/01/93 1,177.86 94.98 191,190.00 5.570
399 306 83,500.00 76,584.37 09/01/93 541.58 82.67 101,000.00 5.570
400 305 103,500.00 97,486.62 08/01/93 671.30 90.00 115,000.00 5.570
401 307 75,950.00 71,563.82 10/01/93 473.83 94.95 79,990.00 5.195
402 306 159,600.00 151,144.82 09/01/93 1,061.83 95.00 168,000.00 5.820
403 308 246,000.00 233,496.01 11/01/93 1,848.10 94.98 259,000.00 7.195
404 308 156,650.00 148,377.21 11/01/93 1,029.08 95.00 164,900.00 5.695
405 311 181,900.00 173,080.90 02/01/94 1,194.96 94.97 191,532.00 5.695
</TABLE>
D-104
<PAGE>
<TABLE>
<CAPTION>
Lender
Property Paid CD pledge CD Convert- POOL-OUT
Type Occ MI (Y/N) Loan (Y/N) Amount ible Purp POOL-OUT
GROUP II LOANS
Loannum Outpool Conv-Y/N
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
346 1 1 N N N 1 0002 1,662,970 1767292 0 1767292 0002 N
347 3 1 Y N N 1 0002 657,520 1767342 0 1767342 0002 N
348 2 1 N N N 1 0002 1,661,543 1767433 0 1767433 0002 N
349 1 1 N N N 1 0002 1,259,814 1769124 0 1769124 0002 N
350 2 1 N N N 1 0002 1,193,258 1769132 0 1769132 0002 N
351 1 1 N N N 1 0002 1,744,569 1770023 0 1770023 0002 N
352 3 1 Y N N 1 0002 969,068 1770031 0 1770031 0002 N
353 1 1 N N N 1 0002 2,124,142 1770361 0 1770361 0002 N
354 3 1 N N N 1 0002 528,891 1770486 0 1770486 0002 N
355 1 1 N N N 1 0002 3,148,330 1770494 0 1770494 0002 N
356 1 1 N N N 1 0002 749,634 1770650 0 1770650 0002 N
357 1 1 N N N 1 0002 1,382,757 1770866 0 1770866 0002 N
358 1 1 N N N 3 0002 1,226,039 1770957 0 1770957 0002 N
359 1 1 N N N 1 0002 2,170,687 1771070 0 1771070 0002 N
360 3 1 N N N 1 0002 953,698 1771922 0 1771922 0002 N
361 2 1 Y N N 1 0002 902,794 1771955 0 1771955 0002 N
362 1 1 N N N 3 0002 2,659,784 1772151 0 1772151 0002 N
363 2 1 Y N N 1 0002 664,986 1772201 0 1772201 0002 N
364 1 1 N N N 1 0002 1,622,364 1772987 0 1772987 0002 N
365 1 1 N N N 3 0002 505,046 1773068 0 1773068 0002 N
366 1 1 N N N 3 0002 1,454,520 1773456 0 1773456 0002 N
367 1 1 N N N 2 0002 1,515,458 1773464 0 1773464 0002 N
368 1 1 N N N 3 0002 890,894 1773795 0 1773795 0002 N
369 1 1 N N N 1 0002 1,854,366 1774116 0 1774116 0002 N
370 1 1 Y N N 1 0002 851,373 1774348 0 1774348 0002 N
371 1 1 Y Y 5,800.00 N 1 0002 703,153 1774967 0 1774967 0002 N
372 2 1 Y N N 1 0002 1,540,928 1775246 0 1775246 0002 N
373 1 1 N N N 3 0002 1,637,973 1775709 0 1775709 0002 N
374 1 1 N N N 3 0002 910,434 1775949 0 1775949 0002 N
375 1 1 N N N 3 0002 1,046,258 1776129 0 1776129 0002 N
376 2 1 Y N N 1 0002 848,212 1776525 0 1776525 0002 N
377 3 1 Y N N 2 0002 663,492 1777101 0 1777101 0002 N
378 3 1 N N Y 1 0002 506,043 1778257 0 1778257 0002 Y
379 3 1 Y N N 1 0002 904,390 1778422 0 1778422 0002 N
380 3 1 Y N N 3 0002 672,854 1779594 0 1779594 0002 N
381 1 1 N N N 1 0002 612,172 1780063 0 1780063 0002 N
382 1 1 N N N 3 0002 369,267 1780337 0 1780337 0002 N
383 2 1 N N N 3 0002 608,058 1780915 0 1780915 0002 N
384 3 1 N N N 1 0002 375,670 4614616 0 4614616 0002 N
385 1 1 N N N 1 0002 1,345,170 4616413 0 4616413 0002 N
386 3 1 N N N 1 0002 774,986 4618039 0 4618039 0002 N
387 2 1 N N N 1 0002 796,788 4622197 0 4622197 0002 N
388 3 1 N N N 1 0002 446,385 4623591 0 4623591 0002 N
389 1 1 N N Y 2 0002 1,521,912 4623930 0 4623930 0002 Y
390 2 1 N N N 1 0002 1,236,445 4625356 0 4625356 0002 N
391 1 1 N N N 1 0002 977,488 4626156 0 4626156 0002 N
392 1 1 N N N 1 0002 565,639 4626859 0 4626859 0002 N
393 2 1 N N N 1 0002 1,109,624 4628756 0 4628756 0002 N
394 1 1 N N N 1 0002 982,967 4628863 0 4628863 0002 N
395 2 1 N N N 1 0002 652,311 4629770 0 4629770 0002 N
396 1 1 N N N 1 0002 574,554 4631479 0 4631479 0002 N
397 2 1 N N N 2 0002 1,065,271 4631529 0 4631529 0002 N
398 1 1 N N N 1 0002 951,947 4632188 0 4632188 0002 N
399 1 1 N N N 2 0002 426,575 4632642 0 4632642 0002 N
400 2 1 N N N 1 0002 543,000 4632840 0 4632840 0002 N
401 3 1 N N N 1 0002 371,774 4635280 0 4635280 0002 N
402 3 1 N N N 1 0002 879,663 4635991 0 4635991 0002 N
403 1 1 N N Y 1 0002 1,680,004 4636171 0 4636171 0002 Y
404 1 1 N N N 1 0002 845,008 4636411 0 4636411 0002 N
405 1 1 N N N 1 0002 985,696 4636742 0 4636742 0002 N
</TABLE>
D-105
<PAGE>
<TABLE>
<CAPTION>
Maximum Minimum Original
Loan-no City State Zip Index Margin Int rate Int rate Term
GROUP II LOANS
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
406 4636767 ALEXANDRIA VA 22310 01 3.250 12.750 3.250 360
407 4636817 KNOXVILLE MD 21758 03 2.750 12.375 2.750 360
408 4637013 BURKE VA 22015 01 3.000 12.375 3.000 360
409 4637203 MANASSAS VA 22111 01 3.000 12.250 3.000 360
410 4637401 WASHINGTON DC 20016 01 3.250 12.500 3.250 360
411 4637476 CENTREVILLE VA 22022 01 3.250 12.500 3.250 360
412 4637799 COLUMBIA MD 21045 01 3.250 12.500 3.250 360
413 4638250 MITCHELLVIL MD 20721 01 3.000 12.125 3.000 360
414 4638391 WALKERSVILL MD 21793 01 3.250 12.375 3.250 360
415 4638615 NEW MARKET MD 21774 01 3.000 12.500 3.000 360
416 4638722 WASHINGTON DC 20011 01 3.000 12.125 3.000 360
417 4638987 CATONSVILLE MD 21228 01 3.250 12.375 3.250 360
418 4639654 OLNEY MD 20832 01 3.000 12.125 3.000 360
419 4639852 ARLINGTON VA 22204 01 3.000 12.125 3.000 360
420 4640306 OWINGS MILL MD 21117 01 3.250 12.375 3.250 360
421 4640397 GAITHERSBUR MD 20879 01 3.000 12.125 3.000 360
422 4640652 BOWIE MD 20721 01 3.250 12.375 3.250 360
423 4642351 BOWIE MD 20715 01 3.000 12.375 3.000 360
424 4642500 ROCKVILLE MD 20853 01 3.000 12.375 3.000 360
425 4642732 GERMANTOWN MD 20874 01 3.000 12.625 3.000 360
426 4643011 ALEXANDRIA VA 22310 01 3.250 12.750 3.250 360
427 4643243 WASHINGTON DC 20003 01 3.000 12.500 3.000 360
428 4643649 LAUREL MD 20708 01 3.250 12.750 3.250 360
429 4643920 ALEXANDRIA VA 22301 01 3.000 12.500 3.000 360
430 4644167 ARLINGTON VA 22209 01 3.250 12.750 3.250 360
431 4644829 MITCHELLVIL MD 20721 01 3.000 12.500 3.000 360
432 4645685 COLUMBIA MD 21045 01 3.000 12.375 3.000 360
433 4646378 BOWIE MD 20721 01 3.250 12.750 3.250 360
434 4646782 WASHINGTON DC 20002 01 3.250 13.000 3.250 360
435 4651725 CHESAPEAKE VA 23323 01 3.000 14.500 3.000 360
436 4652038 WASHINGTON DC 20009 01 3.000 14.000 3.000 360
437 4652301 CENTREVILLE VA 22020 01 3.000 13.000 3.000 360
438 4652608 LEESBURG VA 22075 01 3.000 13.875 3.000 360
439 4652814 ELLICOTT CI MD 21043 01 3.000 14.000 3.000 360
440 4654059 MITCHELLVIL MD 20721 01 3.000 14.500 3.000 360
441 4654208 GAITHERSBUR MD 20878 01 3.000 13.875 3.000 360
442 4655155 ARLINGTON VA 22206 01 3.000 13.875 3.000 360
443 4655221 ALEXANDRIA VA 22302 01 3.000 13.875 3.000 360
444 4655791 HYATTSVILLE MD 20782 01 3.000 13.875 3.000 360
445 4658399 HAGERSTOWN MD 21740 01 3.000 14.875 3.000 360
446 4662367 WASHINGTON DC 20002 01 3.000 13.375 3.000 360
447 4662540 ROCKVILLE MD 20852 01 3.000 13.375 3.000 360
448 4877635 PASADENA MD 21122 01 3.000 12.625 3.000 360
449 5002217 ARLINGTON VA 22203 03 4.000 15.250 4.000 360
450 5002415 ARLINGTON VA 22203 03 4.000 15.250 4.000 360
451 5002480 ARLINGTON VA 22203 03 4.000 15.250 4.000 360
452 5002498 ARLINGTON VA 22203 03 4.000 15.250 4.000 360
453 5058706 DALLAS TX 75252 01 3.000 13.500 3.000 360
454 5058714 DALLAS TX 75252 01 3.000 13.500 3.000 360
455 5910922 MAHWAH NJ 7430 03 3.000 13.625 3.000 360
456 5915087 CRIMORA VA 24431 01 3.000 13.500 3.000 360
457 5917893 LUTHERVILLE MD 21093 03 3.000 13.625 3.000 360
458 5919105 RALEIGH NC 27614 01 3.000 13.500 3.000 360
459 5920004 CHARLOTTE NC 28277 01 3.000 13.500 3.000 360
460 5921481 CUMMING GA 30131 01 3.000 13.375 3.000 360
461 5924014 SILVER SPRI MD 20904 01 3.000 13.625 3.000 360
462 5924485 GAITHERSBUR MD 20879 01 3.000 14.000 3.000 360
463 5926787 MOORESVILLE NC 28115 01 3.000 13.750 3.000 360
464 5930771 OWINGS MILL MD 21117 01 3.000 13.625 3.000 360
465 5931431 MECHANICSVI MD 20659 01 3.000 13.625 3.000 360
</TABLE>
D-106
<PAGE>
<TABLE>
<CAPTION>
Original 03/01/98 Orig-
Remaining Principal Principal 1st due 03/01/98 inal Appraised Net
Term Bal Bal date p&i LTV Value Mtg Rate
GROUP II LOANS
<S> <C> <C> <C> <C> <C> <C> <C> <C>
406 308 203,150.00 192,615.29 11/01/93 1,334.56 94.86 214,150.00 5.695
407 309 142,500.00 135,224.76 11/01/93 1,057.90 75.00 190,000.00 7.070
408 307 164,500.00 155,397.27 11/01/93 1,039.76 78.33 210,000.00 5.320
409 308 164,000.00 154,729.79 11/01/93 1,023.15 82.00 200,000.00 5.195
410 308 77,350.00 73,070.22 11/01/93 488.91 94.97 81,443.00 5.320
411 308 128,750.00 120,587.75 11/01/93 824.41 93.84 137,200.00 5.445
412 310 173,850.00 164,843.09 01/01/94 1,113.19 95.00 183,000.00 5.445
413 309 195,200.00 184,171.27 12/01/93 1,201.88 90.00 216,900.00 5.070
414 308 123,100.00 116,014.06 11/01/93 778.08 94.98 129,600.00 5.320
415 312 93,000.00 88,296.04 03/01/94 587.83 72.66 128,000.00 5.320
416 308 203,000.00 191,026.70 11/01/93 1,233.45 89.04 228,000.00 4.945
417 308 111,100.00 103,823.08 11/01/93 630.82 94.97 116,990.00 4.320
418 310 170,900.00 160,330.43 01/01/94 1,052.27 89.95 189,990.00 5.070
419 310 60,300.00 56,967.46 01/01/94 371.28 90.00 67,000.00 5.070
420 310 191,000.00 179,266.61 01/01/94 1,099.51 94.55 202,000.00 4.445
421 310 80,000.00 75,578.61 01/01/94 492.58 74.77 107,000.00 5.070
422 309 203,150.00 192,134.97 12/01/93 1,284.05 94.57 214,805.00 5.320
423 312 110,000.00 104,190.97 03/01/94 677.29 74.83 147,000.00 5.070
424 311 148,000.00 139,912.15 02/01/94 935.47 79.57 186,000.00 5.320
425 311 210,750.00 200,306.18 02/01/94 1,366.93 89.99 234,200.00 5.570
426 311 170,900.00 158,876.42 02/01/94 1,122.70 95.00 179,900.00 5.695
427 310 152,250.00 144,014.20 01/01/94 949.85 89.98 169,200.00 5.195
428 310 182,400.00 172,455.96 01/01/94 1,137.94 95.00 192,000.00 5.195
429 311 146,000.00 138,774.39 03/01/94 934.86 80.00 182,500.00 5.445
430 311 194,750.00 184,670.54 02/01/94 1,230.96 95.00 205,000.00 5.320
431 312 188,000.00 178,695.94 03/01/94 1,203.79 85.45 220,000.00 5.445
432 313 170,000.00 161,229.45 04/01/94 1,046.72 89.95 189,000.00 5.070
433 314 185,700.00 177,312.57 05/01/94 1,219.92 94.98 195,515.00 5.695
434 314 150,300.00 143,660.13 05/01/94 999.95 94.98 158,250.00 5.820
435 323 129,200.00 125,547.13 02/01/95 959.31 95.00 136,000.00 6.945
436 318 142,500.00 137,756.57 09/01/94 1,045.62 75.00 190,000.00 6.820
437 318 165,700.00 159,083.47 09/01/94 1,102.41 94.96 174,495.00 5.820
438 320 149,150.00 143,505.69 11/01/94 992.30 94.52 157,790.00 5.820
439 320 159,350.00 154,443.13 11/01/94 1,183.17 94.97 167,785.00 6.945
440 323 201,400.00 195,438.95 02/01/95 1,460.29 94.67 212,750.00 6.695
441 321 200,000.00 192,964.11 11/01/94 1,364.36 74.21 269,500.00 6.070
442 320 143,350.00 137,924.83 11/01/94 953.72 95.00 150,900.00 5.820
443 321 172,100.00 163,646.16 12/01/94 1,144.99 94.98 181,190.00 5.820
444 321 126,350.00 122,294.52 12/01/94 905.19 95.00 133,000.00 6.570
445 322 75,950.00 73,986.97 01/01/95 597.50 76.72 99,000.00 7.570
446 334 125,000.00 121,942.67 01/01/96 821.17 71.02 176,000.00 5.695
447 334 184,500.00 179,754.83 01/01/96 1,274.30 90.00 205,000.00 6.195
448 306 107,900.00 101,801.49 09/01/93 690.90 87.72 123,000.00 5.445
449 293 55,500.00 47,083.47 03/01/82 438.78 90.00 61,667.00 9.070
450 298 52,600.00 42,556.46 03/01/82 388.34 90.00 58,444.00 8.570
451 293 61,700.00 52,331.75 04/01/82 488.00 85.69 72,000.00 9.070
452 315 50,000.00 40,598.82 04/01/82 372.57 88.34 56,600.00 9.070
453 196 82,350.00 78,096.31 06/01/84 695.87 90.00 91,500.00 6.320
454 196 82,350.00 78,096.31 06/01/84 695.87 90.00 91,500.00 6.320
455 346 534,400.00 527,875.08 01/01/97 3,645.56 80.00 668,000.00 6.070
456 348 91,800.00 90,880.31 02/01/97 641.88 79.83 115,000.00 6.320
457 348 256,100.00 253,471.11 03/01/97 1,768.82 67.20 381,100.00 6.195
458 346 153,900.00 150,959.97 01/01/97 1,023.91 90.00 171,000.00 5.820
459 348 82,300.00 81,475.41 03/01/97 575.46 79.98 102,900.00 6.320
460 347 140,000.00 138,370.61 02/01/97 943.21 80.00 175,000.00 5.945
461 347 98,250.00 97,021.41 02/01/97 637.25 87.72 112,000.00 5.570
462 354 248,350.00 247,159.92 09/01/97 1,822.31 94.99 261,455.00 6.820
463 348 101,600.00 100,582.06 03/01/97 710.41 78.94 128,700.00 6.320
464 350 174,950.00 173,511.98 04/01/97 1,238.29 89.98 194,435.00 6.445
465 349 120,500.00 119,305.00 04/01/97 811.84 74.38 162,000.00 5.945
</TABLE>
D-107
<PAGE>
<TABLE>
<CAPTION>
Lender
Property Paid CD pledge CD Convert- POOL-OUT
Type Occ MI (Y/N) Loan (Y/N) Amount ible Purp POOL-OUT
GROUP II LOANS
Loannum Outpool Conv-Y/N
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
406 2 1 N N N 1 0002 1,096,944 4636767 0 4636767 0002 N
407 1 1 N N Y 2 0002 956,039 4636817 0 4636817 0002 Y
408 1 1 N N N 2 0002 826,713 4637013 0 4637013 0002 N
409 1 1 N N N 2 0002 803,821 4637203 0 4637203 0002 N
410 3 1 N N N 1 0002 388,734 4637401 0 4637401 0002 N
411 3 1 N N N 1 0002 656,600 4637476 0 4637476 0002 N
412 1 1 N N N 1 0002 897,571 4637799 0 4637799 0002 N
413 1 1 N N N 1 0002 933,748 4638250 0 4638250 0002 N
414 1 1 N N N 1 0002 617,195 4638391 0 4638391 0002 N
415 1 1 N N N 2 0002 469,735 4638615 0 4638615 0002 N
416 2 1 N N N 2 0002 944,627 4638722 0 4638722 0002 N
417 2 1 N N N 1 0002 448,516 4638987 0 4638987 0002 N
418 2 1 N N N 1 0002 812,875 4639654 0 4639654 0002 N
419 3 1 N N N 2 0002 288,825 4639852 0 4639852 0002 N
420 1 1 N N N 1 0002 796,840 4640306 0 4640306 0002 N
421 2 1 N N N 2 0002 383,184 4640397 0 4640397 0002 N
422 1 1 N N N 1 0002 1,022,158 4640652 0 4640652 0002 N
423 2 1 N N N 2 0002 528,248 4642351 0 4642351 0002 N
424 1 1 N N N 2 0002 744,333 4642500 0 4642500 0002 N
425 1 1 N N N 1 0002 1,115,705 4642732 0 4642732 0002 N
426 2 1 N N N 1 0002 904,801 4643011 0 4643011 0002 N
427 2 1 N N N 1 0002 748,154 4643243 0 4643243 0002 N
428 1 1 N N N 1 0002 895,909 4643649 0 4643649 0002 N
429 1 1 N N N 1 0002 755,627 4643920 0 4643920 0002 N
430 3 1 N N N 1 0002 982,447 4644167 0 4644167 0002 N
431 1 1 N N N 2 0002 972,999 4644829 0 4644829 0002 N
432 1 1 N N N 2 0002 817,433 4645685 0 4645685 0002 N
433 1 1 N N N 1 0002 1,009,795 4646378 0 4646378 0002 N
434 2 1 N N N 1 0002 836,102 4646782 0 4646782 0002 N
435 1 1 N N N 1 0002 871,925 4651725 0 4651725 0002 N
436 2 1 N N N 2 0002 939,500 4652038 0 4652038 0002 N
437 2 1 N N N 1 0002 925,866 4652301 0 4652301 0002 N
438 1 1 N N N 1 0002 835,203 4652608 0 4652608 0002 N
439 2 1 N N N 1 0002 1,072,608 4652814 0 4652814 0002 N
440 1 1 N N N 1 0002 1,308,464 4654059 0 4654059 0002 N
441 1 1 N N N 1 0002 1,171,292 4654208 0 4654208 0002 N
442 3 1 N N N 1 0002 802,723 4655155 0 4655155 0002 N
443 3 1 N N N 1 0002 952,421 4655221 0 4655221 0002 N
444 1 1 N N N 1 0002 803,475 4655791 0 4655791 0002 N
445 1 1 N N N 2 0002 560,081 4658399 0 4658399 0002 N
446 1 1 N N N 2 0002 694,464 4662367 0 4662367 0002 N
447 2 1 N N N 1 0002 1,113,581 4662540 0 4662540 0002 N
448 1 1 N N N 2 0002 554,309 4877635 0 4877635 0002 N
449 5 1 N N N 2 0002 427,047 5002217 0 5002217 0002 N
450 5 1 N N N 2 0002 364,709 5002415 0 5002415 0002 N
451 5 1 N N N 2 0002 474,649 5002480 0 5002480 0002 N
452 5 1 N N N 2 0002 368,231 5002498 0 5002498 0002 N
453 3 2 N N N 2 0002 493,569 5058706 0 5058706 0002 N
454 3 2 N N N 2 0002 493,569 5058714 0 5058714 0002 N
455 1 1 N N Y 1 0002 3,204,202 5910922 0 5910922 0002 Y
456 1 1 N N N 2 0002 574,364 5915087 0 5915087 0002 N
457 1 1 N N Y 1 0002 1,570,254 5917893 0 5917893 0002 Y
458 1 1 N N N 1 0002 878,587 5919105 0 5919105 0002 N
459 2 1 N N N 1 0002 514,925 5920004 0 5920004 0002 N
460 1 1 N N N 3 0002 822,613 5921481 0 5921481 0002 N
461 3 1 N N Y 2 0002 540,409 5924014 0 5924014 0002 Y
462 1 1 N N N 1 0002 1,685,631 5924485 0 5924485 0002 N
463 1 1 N N N 1 0002 635,679 5926787 0 5926787 0002 N
464 1 1 N N N 1 0002 1,118,285 5930771 0 5930771 0002 N
465 1 1 N N N 2 0002 709,268 5931431 0 5931431 0002 N
</TABLE>
D-108
<PAGE>
<TABLE>
<CAPTION>
Maximum Minimum Original
Loan-no City State Zip Index Margin Int rate Int rate Term
GROUP II LOANS
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
466 5935374 STEPHENS CI VA 22655 01 3.000 13.625 3.000 360
467 5939509 HUNTINGTOWN MD 20639 01 3.000 13.500 3.000 360
468 5939863 MOORESVILLE NC 28115 01 3.000 13.500 3.000 360
469 5940150 SALISBURY MD 21801 01 3.000 13.745 3.000 360
470 5941448 MONROE NY 10950 01 3.000 14.000 3.000 360
471 5942636 KILL DEVIL NC 27948 01 3.000 13.750 3.000 360
472 5943345 CARY NC 27511 01 3.000 14.250 3.000 360
473 5943527 OAKTON VA 22124 01 3.000 14.000 3.000 360
474 5943543 HERNDON VA 20170 01 3.000 13.875 3.000 360
475 5943774 DOVER TOWNS NJ 8753 01 3.000 12.625 3.000 360
476 5944525 IRMO SC 29063 01 3.000 13.750 3.000 360
477 5944541 GREENSBORO NC 27407 01 3.000 13.375 3.000 360
478 5944574 WAKE FOREST NC 27587 01 3.000 13.500 3.000 360
479 5944699 CHARLOTTE NC 28269 01 3.000 13.875 3.000 360
480 5944723 CHARLOTTE NC 28269 01 3.000 13.625 3.000 360
481 5945365 TWN OF POUN NY 10576 01 3.000 14.125 3.000 360
482 5946231 OLNEY MD 20832 01 3.000 14.000 3.000 360
483 5946397 SEVERNA PAR MD 21146 01 3.000 13.500 3.000 360
484 5946637 LEESBURG VA 20148 01 3.000 13.750 3.000 360
485 5946744 MOORESVILLE NC 28115 01 3.000 13.375 3.000 360
486 5946900 RALEIGH NC 27604 01 3.000 13.250 3.000 360
487 5947270 OWINGS MILL MD 21117 01 3.000 13.750 3.000 360
488 5947403 WEST WINDSO NJ 8550 01 3.000 13.875 3.000 360
489 5947486 STAFFORD VA 22554 01 3.000 13.375 3.000 360
490 5947619 HAGERSTOWN MD 21742 01 3.000 13.625 3.000 360
491 5947783 ELON COLLEG NC 27244 01 3.000 13.125 3.000 360
492 5947916 HAGERSTOWN MD 21740 01 3.000 13.750 3.000 360
493 5948757 FAIRFAX VA 22030 01 3.000 13.750 3.000 360
494 5949227 RALEIGH NC 27604 01 2.875 13.250 2.875 360
495 5949409 RYE NY 10580 01 3.000 13.500 3.000 360
496 5949557 SUMMIT NJ 7901 01 3.000 13.250 3.000 360
497 5949722 NORTH BERGE NJ 7047 01 3.000 13.500 3.000 360
498 5949839 BOWIE MD 20716 01 3.000 13.875 3.000 360
499 5949847 RICHMOND VA 23235 01 3.000 13.500 3.000 360
500 5949912 RARITAN NJ 8822 01 3.000 13.500 3.000 360
501 5950175 WASHINGTON DC 20007 01 3.000 13.625 3.000 360
502 5950225 ELIZABETH C NC 27909 01 2.875 13.250 2.875 360
503 5950332 BETHPAGE NY 11714 01 3.000 13.750 3.000 360
504 5950373 GREENSBORO NC 27455 01 3.000 13.250 3.000 360
505 5950423 NORTH ANDOV MA 1845 01 3.000 12.875 3.000 360
506 5950506 SILVER SPRI MD 20906 01 3.000 13.750 3.000 360
507 5950704 RESTON VA 11316 01 3.000 12.750 3.000 360
508 5950712 GRAHAM NC 27253 01 3.000 13.000 3.000 360
509 5950944 BERNARDS TO NJ 7920 01 3.000 13.625 3.000 360
510 5950993 CLEARWATER FL 34619 01 3.000 13.750 3.000 360
511 5951074 COLUMBIA MD 21044 01 3.000 13.375 3.000 360
512 5951124 HACKETTSTOW NJ 7840 01 3.000 13.375 3.000 360
513 5951280 MORRIS TOWN NJ 7960 01 3.000 13.750 3.000 360
514 5951298 GREENSBORO NC 27409 01 3.000 13.375 3.000 360
515 5951496 ELLICOTT CI MD 21042 01 3.000 13.375 3.000 360
516 5951702 MILLBURN TO NJ 7078 01 3.000 13.500 3.000 360
517 5951827 LELAND NC 28451 01 3.000 13.625 3.000 360
518 5951975 FT LAUDERDA FL 33301 01 3.000 13.500 3.000 360
519 5952122 KENNESAW GA 30144 01 3.000 13.250 3.000 360
520 5952395 GUILFORD CT 6437 01 3.000 13.625 3.000 360
521 5952601 ALLOWAY TOW NJ 8001 01 3.000 13.250 3.000 360
522 5952726 MANASSAS VA 20111 01 3.000 13.750 3.000 360
523 5952734 RIVA MD 21140 01 3.000 13.125 3.000 360
524 5952817 ATLANTA GA 30308 01 3.000 13.750 3.000 360
525 5952981 LITTLE EGG NJ 8087 01 3.000 13.875 3.000 360
</TABLE>
D-109
<PAGE>
<TABLE>
<CAPTION>
Original 03/01/98 Orig-
Remaining Principal Principal 1st due 03/01/98 inal Appraised Net
Term Bal Bal date p&i LTV Value Mtg Rate
GROUP II LOANS
<S> <C> <C> <C> <C> <C> <C> <C> <C>
466 350 78,400.00 77,771.24 05/01/97 561.67 80.00 98,000.00 6.570
467 351 115,000.00 114,122.11 06/01/97 804.10 74.92 153,500.00 6.320
468 355 616,000.00 613,213.75 10/01/97 4,307.17 80.00 770,000.00 6.320
469 352 76,000.00 75,466.49 07/01/97 524.92 88.37 86,000.00 6.195
470 355 104,900.00 104,470.58 10/01/97 769.72 69.24 151,500.00 6.820
471 352 90,000.00 89,383.64 07/01/97 629.29 67.92 132,500.00 6.320
472 352 150,950.00 149,990.07 07/01/97 1,094.50 95.00 158,900.00 6.695
473 352 187,000.00 185,840.16 07/01/97 1,372.14 81.66 229,000.00 6.820
474 353 156,000.00 155,098.94 08/01/97 1,117.61 79.80 195,500.00 6.570
475 355 116,000.00 115,377.34 10/01/97 742.77 80.00 145,000.00 5.445
476 353 190,000.00 188,776.78 08/01/97 1,361.19 79.50 239,000.00 6.570
477 353 145,350.00 144,374.84 08/01/97 1,003.90 95.00 153,000.00 6.195
478 350 135,200.00 134,167.90 06/01/97 945.34 89.94 150,325.00 6.320
479 351 103,500.00 102,705.73 06/01/97 750.45 76.10 136,000.00 6.695
480 356 162,100.00 161,505.84 11/01/97 1,147.34 94.98 170,663.00 6.445
481 353 196,000.00 194,949.63 08/01/97 1,455.30 80.00 245,000.00 6.945
482 351 214,600.00 213,116.10 06/01/97 1,574.66 94.96 226,000.00 6.820
483 354 298,450.00 296,870.14 09/01/97 2,086.81 80.00 373,067.00 6.320
484 352 256,500.00 254,827.92 07/01/97 1,837.60 90.00 285,000.00 6.570
485 354 186,650.00 185,637.27 09/01/97 1,289.15 94.99 196,500.00 6.195
486 353 112,550.00 111,832.58 08/01/97 767.79 94.98 118,500.00 6.070
487 352 354,150.00 352,998.40 12/01/97 2,537.18 85.03 416,500.00 6.570
488 352 412,000.00 409,678.89 08/01/97 2,987.29 80.00 515,000.00 6.695
489 353 108,500.00 107,771.23 08/01/97 749.39 82.20 132,000.00 6.195
490 352 92,000.00 91,455.21 08/01/97 651.18 80.00 115,000.00 6.445
491 352 125,600.00 123,296.52 08/01/97 846.19 80.00 157,000.00 5.945
492 354 144,100.00 143,374.06 09/01/97 1,032.36 94.71 152,150.00 6.570
493 352 214,600.00 213,092.38 08/01/97 1,391.90 79.48 270,000.00 5.570
494 354 80,000.00 79,555.17 09/01/97 545.74 69.87 114,500.00 6.070
495 354 476,000.00 473,846.98 10/01/97 3,328.27 80.00 595,000.00 6.320
496 353 207,000.00 205,680.56 08/01/97 1,412.10 79.62 260,000.00 6.070
497 355 189,000.00 188,145.11 10/01/97 1,321.52 90.00 210,000.00 6.320
498 354 248,050.00 246,680.62 09/01/97 1,798.54 94.91 261,349.00 6.695
499 354 77,000.00 76,592.36 08/01/97 538.40 84.62 91,000.00 6.320
500 354 127,800.00 127,123.48 09/01/97 893.60 90.00 142,000.00 6.320
501 354 322,950.00 321,282.28 09/01/97 2,285.82 80.00 403,707.00 6.445
502 353 178,200.00 176,864.86 08/01/97 1,215.64 94.99 187,600.00 6.070
503 355 272,000.00 270,829.35 09/01/97 1,948.65 80.00 340,000.00 6.570
504 352 109,250.00 108,464.15 07/01/97 745.28 95.00 115,000.00 6.070
505 355 300,000.00 298,465.93 10/01/97 1,970.79 75.00 400,000.00 5.695
506 352 162,450.00 161,511.70 08/01/97 1,163.82 95.00 171,000.00 6.570
507 353 584,650.00 580,542.83 08/01/97 3,792.03 80.00 730,825.00 5.570
508 353 114,100.00 113,433.67 09/01/97 759.12 79.99 142,640.00 5.820
509 352 120,000.00 119,235.32 08/01/97 849.36 80.00 150,000.00 6.445
510 353 84,050.00 83,564.52 08/01/97 602.15 94.97 88,500.00 6.570
511 353 174,800.00 173,712.66 08/01/97 1,207.31 95.00 184,000.00 6.195
512 358 135,000.00 134,689.91 01/01/98 932.42 79.41 170,000.00 6.195
513 352 319,200.00 315,321.48 08/01/97 2,286.79 80.00 399,000.00 6.570
514 355 62,000.00 61,712.54 10/01/97 428.22 89.86 69,000.00 6.195
515 354 400,000.00 396,171.27 09/01/97 2,762.71 67.23 595,000.00 6.195
516 355 416,000.00 414,118.37 10/01/97 2,908.74 80.00 520,000.00 6.320
517 354 92,800.00 92,320.73 09/01/97 656.84 94.96 97,725.00 6.445
518 353 204,000.00 202,920.11 09/01/97 1,426.40 80.00 255,000.00 6.320
519 353 156,600.00 155,601.77 08/01/97 1,068.29 94.98 156,625.00 6.070
520 354 101,600.00 101,075.33 09/01/97 719.12 80.00 127,000.00 6.445
521 354 82,400.00 81,945.95 09/01/97 576.16 80.00 103,000.00 6.320
522 352 102,500.00 101,895.72 08/01/97 734.33 78.85 130,000.00 6.570
523 353 202,500.00 201,125.06 08/01/97 1,364.29 90.00 225,000.00 5.945
524 353 133,000.00 132,221.37 08/01/97 952.83 95.00 140,000.00 6.570
525 356 114,000.00 113,602.55 11/01/97 826.58 95.00 120,000.00 6.695
</TABLE>
D-110
<PAGE>
<TABLE>
<CAPTION>
Lender
Property Paid CD pledge CD Convert- POOL-OUT
Type Occ MI (Y/N) Loan (Y/N) Amount ible Purp POOL-OUT
GROUP II LOANS
Loannum Outpool Conv-Y/N
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
466 1 1 N N Y 3 0002 510,957 5935374 0 5935374 0002 Y
467 1 1 N N N 3 0002 721,252 5939509 0 5939509 0002 N
468 1 1 N N N 2 0002 3,875,511 5939863 0 5939863 0002 N
469 1 1 N N N 2 0002 467,515 5940150 0 5940150 0002 N
470 1 1 N N N 1 0002 712,489 5941448 0 5941448 0002 N
471 1 1 N N Y 3 0002 564,905 5942636 0 5942636 0002 Y
472 1 1 N N N 1 0002 1,004,184 5943345 0 5943345 0002 N
473 2 1 N N N 2 0002 1,267,430 5943527 0 5943527 0002 N
474 1 1 N N N 1 0002 1,019,000 5943543 0 5943543 0002 N
475 1 1 N N N 1 0002 628,230 5943774 0 5943774 0002 N
476 1 1 N N N 1 0002 1,240,263 5944525 0 5944525 0002 N
477 1 1 N N N 1 0002 894,402 5944541 0 5944541 0002 N
478 1 1 N N N 1 0002 847,941 5944574 0 5944574 0002 N
479 1 1 N N N 1 0002 687,615 5944699 0 5944699 0002 N
480 1 1 N N N 1 0002 1,040,905 5944723 0 5944723 0002 N
481 1 1 N N N 1 0002 1,353,925 5945365 0 5945365 0002 N
482 1 1 N N N 1 0002 1,453,452 5946231 0 5946231 0002 N
483 1 1 N N N 1 0002 1,876,219 5946397 0 5946397 0002 N
484 1 1 N N N 1 0002 1,674,219 5946637 0 5946637 0002 N
485 1 1 N N N 1 0002 1,150,023 5946744 0 5946744 0002 N
486 1 1 N N Y 1 0002 678,824 5946900 0 5946900 0002 Y
487 1 1 N N N 2 0002 2,319,199 5947270 0 5947270 0002 N
488 1 1 N N N 1 0002 2,742,800 5947403 0 5947403 0002 N
489 1 1 N N N 2 0002 667,643 5947486 0 5947486 0002 N
490 1 1 N N N 2 0002 589,429 5947619 0 5947619 0002 N
491 1 1 N N N 1 0002 732,998 5947783 0 5947783 0002 N
492 1 1 N N N 1 0002 941,968 5947916 0 5947916 0002 N
493 1 1 N N Y 1 0002 1,186,925 5948757 0 5948757 0002 Y
494 1 1 N N N 2 0002 482,900 5949227 0 5949227 0002 N
495 1 1 N N N 1 0002 2,994,713 5949409 0 5949409 0002 N
496 1 1 N N N 2 0002 1,248,481 5949557 0 5949557 0002 N
497 3 1 N N N 1 0002 1,189,077 5949722 0 5949722 0002 N
498 1 1 N N N 1 0002 1,651,527 5949839 0 5949839 0002 N
499 1 1 N N N 2 0002 484,064 5949847 0 5949847 0002 N
500 1 1 N N N 1 0002 803,420 5949912 0 5949912 0002 N
501 1 1 N N N 1 0002 2,070,664 5950175 0 5950175 0002 N
502 1 1 N N N 1 0002 1,073,570 5950225 0 5950225 0002 N
503 1 1 N N N 1 0002 1,779,349 5950332 0 5950332 0002 N
504 1 1 N N N 1 0002 658,377 5950373 0 5950373 0002 N
505 1 1 N N N 1 0002 1,699,763 5950423 0 5950423 0002 N
506 2 1 N N N 1 0002 1,061,132 5950506 0 5950506 0002 N
507 1 1 N N N 1 0002 3,233,624 5950704 0 5950704 0002 N
508 1 1 N N N 1 0002 660,184 5950712 0 5950712 0002 N
509 3 1 N N N 1 0002 768,472 5950944 0 5950944 0002 N
510 2 1 N N N 1 0002 549,019 5950993 0 5950993 0002 N
511 1 1 N N N 1 0002 1,076,150 5951074 0 5951074 0002 N
512 1 1 N N N 2 0002 834,404 5951124 0 5951124 0002 N
513 1 1 N N N 1 0002 2,071,662 5951280 0 5951280 0002 N
514 3 1 N N N 2 0002 382,309 5951298 0 5951298 0002 N
515 1 1 N N N 1 0002 2,454,281 5951496 0 5951496 0002 N
516 1 1 N N N 1 0002 2,617,228 5951702 0 5951702 0002 N
517 1 1 N N N 1 0002 595,007 5951827 0 5951827 0002 N
518 1 1 N N N 2 0002 1,282,455 5951975 0 5951975 0002 N
519 1 1 N Y 7,832.00 N 1 0002 944,503 5952122 0 5952122 0002 N
520 1 1 N N N 1 0002 651,431 5952395 0 5952395 0002 N
521 1 1 N N N 3 0002 517,898 5952601 0 5952601 0002 N
522 1 1 N N N 2 0002 669,455 5952726 0 5952726 0002 N
523 1 1 N N N 1 0002 1,195,688 5952734 0 5952734 0002 N
524 3 1 N N N 1 0002 868,694 5952817 0 5952817 0002 N
525 1 1 N N N 1 0002 760,569 5952981 0 5952981 0002 N
</TABLE>
D-111
<PAGE>
<TABLE>
<CAPTION>
Maximum Minimum Original
Loan-no City State Zip Index Margin Int rate Int rate Term
GROUP II LOANS
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
526 5953344 BURLINGTON NC 27215 01 3.000 13.500 3.000 360
527 5953476 WASHINGTON DC 20008 01 3.000 13.750 3.000 360
528 5953500 ALPHARETTA GA 30201 01 3.000 13.375 3.000 360
529 5953609 WESTON MA 2193 01 3.000 13.750 3.000 360
530 5953633 CONCORD NC 28027 01 3.000 13.375 3.000 360
531 5953708 LONG HILL NJ 7980 01 3.000 13.500 3.000 360
532 5953716 WELLESLEY MA 2181 01 3.000 13.500 3.000 360
533 5953914 NATICK MA 1760 01 3.000 9.875 3.000 360
534 5953922 WINSTON SAL NC 27127 01 3.000 13.375 3.000 360
535 5954003 MIDLOTHIAN VA 23113 01 3.000 13.000 3.000 360
536 5954243 JERSEY CITY NJ 7302 01 3.000 13.625 3.000 360
537 5954250 WESTFIELD NJ 7090 01 3.000 13.625 3.000 360
538 5954300 GREENSBORO NC 27407 01 3.000 13.375 3.000 360
539 5954326 CONCORD NC 28027 01 3.000 13.375 3.000 360
540 5954391 WASHINGTON DC 20002 01 3.000 13.500 3.000 360
541 5954433 BETHESDA MD 20817 01 3.000 13.750 3.000 360
542 5954565 ROCKVILLE MD 20852 01 3.000 12.875 3.000 360
543 5954763 DEMAREST NJ 7637 01 3.000 13.625 3.000 360
544 5954771 FRANKLIN TO NJ 8823 01 3.000 13.500 3.000 360
545 5954854 MILLWOOD NY 10546 01 3.000 13.500 3.000 360
546 5954920 UPPER MONTC NJ 7043 01 3.000 13.000 3.000 360
547 5955000 NORTH POTOM MD 20878 01 3.000 13.125 3.000 360
548 5955042 YORKTOWN HE NY 10598 01 3.000 13.625 3.000 360
549 5955075 MCLEAN VA 22102 01 3.000 13.000 3.000 360
550 5955117 HAMDEN CT 6517 01 3.000 13.625 3.000 360
551 5955158 RIDGEFIELD CT 6877 01 3.000 13.000 3.000 360
552 5955299 PORTCHESTER NY 10573 01 3.000 13.500 3.000 360
553 5955380 FAIRFIELD CT 6432 01 3.000 13.375 3.000 360
554 5955448 NEW HAVEN CT 6511 01 3.000 13.125 3.000 360
555 5955455 NATICK MA 1760 01 3.000 12.375 3.000 360
556 5955554 FAIRFIELD CT 6432 01 3.000 13.500 3.000 360
557 5955562 EASTON MD 21601 01 3.000 13.625 3.000 360
558 5955836 LAUREL MD 20724 01 3.000 13.250 3.000 360
559 5955893 CHESAPEAKE VA 23320 01 3.000 13.500 3.000 360
560 5956107 FAIRFAX VA 22032 01 3.000 13.375 3.000 360
561 5956172 BOUND BROOK NJ 8805 01 3.000 13.500 3.000 360
562 5956206 GLEN ARM MD 21057 01 3.000 13.625 3.000 360
563 5956297 TOWACO NJ 7082 01 3.000 13.375 3.000 360
564 5956370 CHARLOTTE NC 28262 01 3.000 13.375 3.000 360
565 5956453 SUMMIT NJ 7901 01 3.000 13.625 3.000 360
566 5956636 OLD SAYBROO CT 6475 01 3.000 12.750 3.000 360
567 5956826 SHELTON CT 6484 01 3.000 13.500 3.000 360
568 5956875 LANDENBERG PA 19350 01 3.000 13.375 3.000 360
569 5956933 RAHWAY NJ 7065 01 3.000 13.625 3.000 360
570 5956941 WOODSTOCK GA 30188 01 3.000 13.250 3.000 360
571 5957030 HUNTLEY IL 60142 01 3.000 13.500 3.000 300
572 5957063 FRANKLIN LA NJ 7417 01 3.000 13.250 3.000 360
573 5957071 CARY NC 27513 01 3.000 13.500 3.000 360
574 5957154 SILVER SPRI MD 20910 01 3.000 13.125 3.000 360
575 5957378 GREENSBORO NC 27410 01 3.000 13.125 3.000 360
576 5957451 POTOMAC MD 20854 01 3.000 12.750 3.000 360
577 5957576 CROFTON MD 21114 01 3.000 13.375 3.000 360
578 5957584 GAITHERSBUR MD 20878 01 3.000 13.125 3.000 360
579 5957634 WASHINGTON DC 20003 01 3.000 13.625 3.000 360
580 5957675 LEXINGTON MA 2173 01 3.000 13.125 3.000 360
581 5957824 CHATHAM NJ 7928 01 3.000 12.750 3.000 360
582 5957865 LUTHERVILLE MD 21093 01 3.000 13.375 3.000 360
583 5957899 VIENNA VA 22182 01 3.000 13.250 3.000 360
584 5957931 SPRINGFIELD VA 22153 01 3.000 13.250 3.000 360
585 5957949 BURKE VA 22015 01 3.000 13.250 3.000 360
</TABLE>
D-112
<PAGE>
<TABLE>
<CAPTION>
Original 03/01/98 Orig-
Remaining Principal Principal 1st due 03/01/98 inal Appraised Net
Term Bal Bal date p&i LTV Value Mtg Rate
GROUP II LOANS
<S> <C> <C> <C> <C> <C> <C> <C> <C>
526 353 122,000.00 121,259.53 08/01/97 853.05 94.94 128,500.00 6.320
527 354 420,000.00 417,884.29 09/01/97 3,008.94 57.14 735,000.00 6.570
528 353 168,200.00 167,153.77 08/01/97 1,161.72 94.99 168,225.00 6.195
529 353 398,400.00 396,393.13 09/01/97 2,854.19 80.00 498,000.00 6.570
530 353 147,500.00 146,699.70 09/01/97 1,018.75 65.36 225,682.00 6.195
531 354 198,000.00 196,258.53 09/01/97 1,384.45 90.00 220,000.00 6.320
532 353 100,000.00 99,393.17 08/01/97 699.21 31.95 313,000.00 6.320
533 353 150,000.00 149,102.59 09/01/97 985.39 66.67 225,000.00 5.695
534 354 71,100.00 70,714.17 09/01/97 491.08 90.00 79,000.00 6.195
535 354 157,000.00 156,083.20 09/01/97 1,044.53 88.70 177,000.00 5.820
536 354 390,000.00 387,986.01 09/01/97 2,760.40 75.00 520,000.00 6.445
537 353 200,000.00 198,815.87 08/01/97 1,415.59 59.88 334,000.00 6.445
538 354 85,200.00 84,737.71 09/01/97 588.46 86.50 98,500.00 6.195
539 353 118,600.00 117,762.21 08/01/97 819.15 93.39 127,000.00 6.195
540 353 190,300.00 189,145.10 08/01/97 1,330.61 79.99 237,900.00 6.320
541 354 201,400.00 200,385.46 09/01/97 1,442.86 95.00 212,000.00 6.570
542 354 122,400.00 120,542.29 09/01/97 804.09 80.00 153,000.00 5.695
543 354 310,000.00 308,399.09 09/01/97 2,194.17 61.02 508,000.00 6.445
544 354 103,250.00 102,703.44 09/01/97 721.94 94.72 109,000.00 6.320
545 353 115,000.00 114,391.24 09/01/97 804.10 57.64 199,500.00 6.320
546 354 75,000.00 74,562.04 09/01/97 498.98 23.08 325,000.00 5.820
547 352 144,400.00 142,566.79 08/01/97 972.85 95.00 152,000.00 5.945
548 355 330,000.00 328,543.98 10/01/97 2,335.72 80.49 410,000.00 6.445
549 354 300,000.00 298,248.21 09/01/97 1,995.91 80.00 375,000.00 5.820
550 354 112,000.00 111,421.63 09/01/97 792.73 80.00 140,000.00 6.445
551 355 264,000.00 262,682.52 10/01/97 1,756.40 80.00 330,000.00 5.820
552 354 172,000.00 171,015.96 10/01/97 1,202.65 80.00 215,000.00 6.320
553 354 92,000.00 91,500.78 09/01/97 635.43 59.35 155,000.00 6.195
554 354 106,000.00 105,395.91 09/01/97 714.15 80.00 132,500.00 5.945
555 357 390,000.00 388,900.04 01/01/98 2,433.10 67.68 576,275.00 5.195
556 353 90,000.00 89,336.28 10/01/97 629.30 70.31 128,000.00 6.320
557 353 250,000.00 248,519.88 08/01/97 1,769.48 30.98 807,000.00 6.445
558 353 122,400.00 121,655.93 09/01/97 834.99 80.00 153,000.00 6.070
559 352 122,250.00 121,508.10 08/01/97 854.79 89.97 135,886.00 6.320
560 354 135,000.00 132,147.27 09/01/97 932.42 60.00 225,000.00 6.195
561 354 114,650.00 114,043.11 09/01/97 801.65 94.99 120,700.00 6.320
562 354 288,000.00 286,512.74 09/01/97 2,038.45 80.00 360,000.00 6.445
563 353 379,000.00 376,942.27 09/01/97 2,617.66 69.54 545,000.00 6.195
564 354 97,000.00 96,473.68 09/01/97 669.96 94.98 102,132.00 6.195
565 354 420,000.00 417,831.07 09/01/97 2,972.74 80.00 525,000.00 6.445
566 354 115,200.00 114,493.84 09/01/97 747.19 80.00 144,000.00 5.570
567 355 152,000.00 151,312.47 10/01/97 1,062.81 80.00 190,000.00 6.320
568 354 214,600.00 213,435.65 09/01/97 1,482.19 65.03 330,000.00 6.195
569 354 127,300.00 126,738.28 10/01/97 901.03 95.00 134,000.00 6.445
570 353 143,900.00 142,982.67 08/01/97 981.66 95.00 143,900.00 6.070
571 295 155,000.00 153,923.16 10/01/97 1,145.44 88.57 175,000.00 6.320
572 355 590,000.00 587,196.35 10/01/97 4,024.85 67.05 880,000.00 6.070
573 353 141,550.00 140,690.97 08/01/97 989.74 95.00 149,000.00 6.320
574 354 115,500.00 114,841.79 09/01/97 778.15 53.97 214,000.00 5.945
575 353 168,000.00 167,042.62 09/01/97 1,131.85 80.00 210,000.00 5.945
576 354 382,350.00 380,006.34 09/01/97 2,479.92 79.99 477,989.00 5.570
577 354 182,000.00 181,012.52 09/01/97 1,257.03 80.00 227,500.00 6.195
578 353 70,000.00 69,601.05 09/01/97 471.61 55.34 126,500.00 5.945
579 354 275,000.00 273,544.30 09/01/97 1,922.84 68.75 400,000.00 6.320
580 354 300,000.00 298,290.42 09/01/97 2,021.16 66.82 449,000.00 5.945
581 354 294,000.00 291,893.79 09/01/97 1,906.88 79.98 367,600.00 5.570
582 354 344,000.00 342,943.26 12/01/97 2,375.93 79.08 435,000.00 6.195
583 354 288,000.00 286,398.51 09/01/97 1,964.67 80.00 360,000.00 6.070
584 354 175,500.00 174,377.72 09/01/97 1,197.22 89.09 197,000.00 6.070
585 354 124,000.00 122,979.70 09/01/97 845.90 80.00 155,000.00 6.070
</TABLE>
D-113
<PAGE>
<TABLE>
<CAPTION>
Lender
Property Paid CD pledge CD Convert- POOL-OUT
Type Occ MI (Y/N) Loan (Y/N) Amount ible Purp POOL-OUT
GROUP II LOANS
Loannum Outpool Conv-Y/N
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
526 1 1 N N N 1 0002 766,360 5953344 0 5953344 0002 N
527 1 1 N N N 3 0002 2,745,500 5953476 0 5953476 0002 N
528 1 1 N Y 8,411.25 N 1 0002 1,035,518 5953500 0 5953500 0002 N
529 1 1 N N N 1 0002 2,604,303 5953609 0 5953609 0002 N
530 1 1 N N N 1 0002 908,805 5953633 0 5953633 0002 N
531 1 1 N N N 1 0002 1,240,354 5953708 0 5953708 0002 N
532 1 1 N N N 1 0002 628,165 5953716 0 5953716 0002 N
533 1 1 N N N 1 0002 849,139 5953914 0 5953914 0002 N
534 3 1 N N N 1 0002 438,074 5953922 0 5953922 0002 N
535 1 1 N N N 1 0002 908,404 5954003 0 5954003 0002 N
536 5 1 N N N 1 0002 2,500,570 5954243 0 5954243 0002 N
537 1 1 N N N 1 0002 1,281,368 5954250 0 5954250 0002 N
538 1 1 N N N 1 0002 524,950 5954300 0 5954300 0002 N
539 1 1 N N N 1 0002 729,537 5954326 0 5954326 0002 N
540 2 1 N N N 1 0002 1,195,397 5954391 0 5954391 0002 N
541 1 1 N N N 1 0002 1,316,532 5954433 0 5954433 0002 N
542 1 1 N N N 1 0002 686,488 5954565 0 5954565 0002 N
543 1 1 N N N 1 0002 1,987,632 5954763 0 5954763 0002 N
544 3 1 N N N 1 0002 649,086 5954771 0 5954771 0002 N
545 3 1 N N N 1 0002 722,953 5954854 0 5954854 0002 N
546 1 1 N N N 2 0002 433,951 5954920 0 5954920 0002 N
547 2 1 N N N 1 0002 847,560 5955000 0 5955000 0002 N
548 1 1 N N N 2 0002 2,117,466 5955042 0 5955042 0002 N
549 1 1 N N N 1 0002 1,735,805 5955075 0 5955075 0002 N
550 1 1 N N N 1 0002 718,112 5955117 0 5955117 0002 N
551 1 1 N N N 1 0002 1,528,812 5955158 0 5955158 0002 N
552 1 1 N N N 1 0002 1,080,821 5955299 0 5955299 0002 N
553 3 1 N N N 2 0002 566,847 5955380 0 5955380 0002 N
554 1 1 N N N 1 0002 626,579 5955448 0 5955448 0002 N
555 1 1 N N N 1 0002 2,020,336 5955455 0 5955455 0002 N
556 3 1 N N N 1 0002 564,605 5955554 0 5955554 0002 N
557 1 1 N N N 3 0002 1,601,711 5955562 0 5955562 0002 N
558 1 1 N N N 2 0002 738,451 5955836 0 5955836 0002 N
559 1 1 N N N 1 0002 767,931 5955893 0 5955893 0002 N
560 1 1 N N N 3 0002 818,652 5956107 0 5956107 0002 N
561 1 1 N N N 1 0002 720,752 5956172 0 5956172 0002 N
562 1 1 N N N 3 0002 1,846,575 5956206 0 5956206 0002 N
563 1 1 N N N 2 0002 2,335,157 5956297 0 5956297 0002 N
564 2 1 N N N 1 0002 597,654 5956370 0 5956370 0002 N
565 1 1 N N N 1 0002 2,692,921 5956453 0 5956453 0002 N
566 1 1 N N N 1 0002 637,731 5956636 0 5956636 0002 N
567 1 1 N N N 1 0002 956,295 5956826 0 5956826 0002 N
568 1 1 N N N 1 0002 1,322,234 5956875 0 5956875 0002 N
569 1 1 N N N 1 0002 816,828 5956933 0 5956933 0002 N
570 1 1 N Y 7,200.00 N 1 0002 867,905 5956941 0 5956941 0002 N
571 1 1 N N N 2 0002 972,794 5957030 0 5957030 0002 N
572 1 1 N N N 2 0002 3,564,282 5957063 0 5957063 0002 N
573 1 1 N N N 1 0002 889,167 5957071 0 5957071 0002 N
574 1 1 N N N 2 0002 682,734 5957154 0 5957154 0002 N
575 1 1 N N N 1 0002 993,068 5957378 0 5957378 0002 N
576 1 1 N N N 1 0002 2,116,635 5957451 0 5957451 0002 N
577 1 1 N N N 1 0002 1,121,373 5957576 0 5957576 0002 N
578 2 1 N N N 3 0002 413,778 5957584 0 5957584 0002 N
579 2 1 N N N 3 0002 1,728,800 5957634 0 5957634 0002 N
580 1 1 N N N 1 0002 1,773,337 5957675 0 5957675 0002 N
581 1 1 N N N 1 0002 1,625,848 5957824 0 5957824 0002 N
582 1 1 N N N 2 0002 2,124,533 5957865 0 5957865 0002 N
583 1 1 N N N 1 0002 1,738,439 5957899 0 5957899 0002 N
584 1 1 N N N 2 0002 1,058,473 5957931 0 5957931 0002 N
585 2 1 N N N 2 0002 746,487 5957949 0 5957949 0002 N
</TABLE>
D-114
<PAGE>
<TABLE>
<CAPTION>
Maximum Minimum Original
Loan-no City State Zip Index Margin Int rate Int rate Term
GROUP II LOANS
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
586 5958061 CHARLOTTE NC 28227 01 3.000 13.375 3.000 360
587 5958129 CAMBRIDGE MA 2138 01 3.000 13.375 3.000 360
588 5958152 CRESSKILL NJ 7626 01 3.000 13.500 3.000 360
589 5958160 NEWARK DE 19702 01 3.000 13.500 3.000 360
590 5958251 MIDDLE TOWN NJ 8210 01 3.000 13.875 3.000 360
591 5958335 DARIEN CT 6820 01 3.000 13.250 3.000 360
592 5958368 NEW PROVIDE NJ 7974 01 3.000 12.625 3.000 360
593 5958442 CHARLOTTE NC 28209 01 3.000 13.125 3.000 360
594 5958533 FLORHAM PAR NJ 7932 01 3.000 13.375 3.000 360
595 5958590 MOORESVILLE NC 28115 01 3.000 12.250 3.000 360
596 5958673 OLNEY MD 20832 01 3.000 13.375 3.000 360
597 5958707 RYE BROOK NY 10573 03 3.000 13.500 3.000 360
598 5958715 SEA ISLE CI NJ 8243 01 3.000 14.125 3.000 360
599 5958723 RALEIGH NC 27604 01 3.000 13.125 3.000 360
600 5958806 CHARLOTTESV VA 22902 01 3.000 13.250 3.000 360
601 5958822 DENVER NC 28037 01 3.000 13.500 3.000 360
602 5958954 VIENNA VA 22181 01 3.000 13.125 3.000 360
603 5959002 ROCKVILLE MD 20850 01 3.000 13.500 3.000 360
604 5959077 BALTIMORE MD 21230 01 3.000 13.000 3.000 360
605 5959085 WASHINGTON DC 20001 01 3.000 13.000 3.000 360
606 5959143 DURHAM NC 27707 01 3.000 13.500 3.000 360
607 5959184 MONROVIA MD 21770 01 3.000 13.375 3.000 360
608 5959275 GREENWICH CT 6830 01 3.000 13.375 3.000 360
609 5959358 DARIEN CT 6820 01 3.000 13.500 3.000 360
610 5959689 BEL AIR MD 21015 01 3.000 12.750 3.000 360
611 5959713 NEWARK DE 19713 01 3.000 13.500 3.000 360
612 5959812 PISCATAWAY NJ 8854 01 3.000 12.500 3.000 360
613 5959846 BELAIR MD 21014 01 3.000 13.500 3.000 360
614 5959879 GAITHERSBUR MD 20882 01 3.000 13.375 3.000 360
615 5959978 MARIETTA GA 30062 01 3.000 13.375 3.000 360
616 5960075 MONTROSE NY 10548 01 3.000 13.250 3.000 360
617 5960117 RIDGEWOOD NJ 7450 03 3.000 13.375 3.000 360
618 5960208 POTOMAC MD 20854 01 3.000 13.500 3.000 360
619 5960240 RALEIGH NC 27606 01 3.000 13.125 3.000 360
620 5960257 WAYNESBORO VA 22980 01 3.000 13.375 3.000 360
621 5960315 BURKE VA 22015 01 3.000 12.625 3.000 360
622 5960380 BOYDS MD 20841 01 3.000 13.875 3.000 360
623 5960398 EVESHAM TOW NJ 8053 01 3.000 13.250 3.000 360
624 5960455 SPRING LAKE NJ 7762 01 3.000 13.625 3.000 360
625 5960463 WINCHESTER VA 22601 01 3.000 13.375 3.000 360
626 5960513 NEWARK DE 19711 01 3.000 13.000 3.000 360
627 5960612 PRINCETON NJ 8540 01 3.000 12.750 3.000 360
628 5960646 PASADENA MD 21122 01 3.000 13.125 3.000 360
629 5960786 MILLERSVILL MD 21108 01 3.000 13.750 3.000 360
630 5961040 DAMASCUS MD 20872 01 3.000 13.500 3.000 360
631 5961073 SPRINGFIELD VA 22152 01 3.000 13.000 3.000 360
632 5961156 VIRGINIA BE VA 23456 01 3.000 12.500 3.000 360
633 5961164 COLUMBIA MD 21044 01 3.000 12.750 3.000 360
634 5961354 RYE NY 10580 01 3.000 13.500 3.000 360
635 5961396 VINTON VA 24179 01 3.000 13.500 3.000 360
636 5961446 WINCHESTER MA 1890 01 3.000 13.250 3.000 360
637 5961594 HOBOKEN NJ 7030 01 3.000 13.500 3.000 360
638 5961628 WASHINGTON DC 20016 01 3.000 13.500 3.000 360
639 5961842 MOUNTAIN LA NJ 7046 01 3.000 13.500 3.000 360
640 5961925 OLD TAPPAN NJ 7675 01 3.000 13.500 3.000 360
641 5961941 KING GEORGE VA 22485 01 3.000 12.500 3.000 360
642 5962097 COLUMBIA SC 29212 01 3.000 13.000 3.000 360
643 5962253 BOONES MILL VA 24065 01 3.000 13.750 3.000 360
644 5962337 TINTON FALL NJ 7724 01 3.000 12.875 3.000 360
645 5962402 MARIETTA GA 30060 01 3.000 13.375 3.000 360
</TABLE>
D-115
<PAGE>
<TABLE>
<CAPTION>
Original 03/01/98 Orig-
Remaining Principal Principal 1st due 03/01/98 inal Appraised Net
Term Bal Bal date p&i LTV Value Mtg Rate
GROUP II LOANS
<S> <C> <C> <C> <C> <C> <C> <C> <C>
586 354 87,200.00 86,726.88 09/01/97 602.27 89.99 96,900.00 6.195
587 354 636,000.00 632,549.31 09/01/97 4,392.69 80.00 795,000.00 6.195
588 354 300,000.00 286,146.67 09/01/97 2,097.65 37.50 800,000.00 6.320
589 355 65,500.00 65,203.73 10/01/97 457.99 93.71 69,900.00 6.320
590 354 144,000.00 143,292.50 09/01/97 1,044.10 90.00 160,000.00 6.695
591 354 394,000.00 391,808.66 09/01/97 2,687.78 80.00 492,500.00 6.070
592 354 346,500.00 343,404.46 09/01/97 2,218.68 90.00 385,000.00 5.445
593 354 201,400.00 200,419.19 10/01/97 1,356.87 95.00 212,000.00 5.945
594 353 326,400.00 324,317.79 09/01/97 2,254.37 80.00 408,000.00 6.195
595 357 127,250.00 126,763.21 12/01/97 783.51 79.99 159,092.00 5.070
596 354 203,300.00 202,196.92 09/01/97 1,404.15 95.00 214,000.00 6.195
597 355 791,000.00 787,422.26 10/01/97 5,530.79 65.92 1,200,000.00 6.320
598 355 135,850.00 135,307.67 10/01/97 1,008.69 95.00 143,000.00 6.945
599 354 117,000.00 116,333.21 09/01/97 788.26 90.00 130,000.00 5.945
600 355 60,000.00 59,007.60 09/01/97 409.31 75.00 80,000.00 6.070
601 355 272,000.00 270,876.15 11/01/97 1,901.87 80.00 340,000.00 6.320
602 353 95,500.00 94,243.12 09/01/97 643.41 39.79 240,000.00 5.945
603 356 300,000.00 298,872.75 11/01/97 2,097.65 68.97 435,000.00 6.320
604 355 206,250.00 205,220.71 10/01/97 1,372.19 75.00 275,000.00 5.820
605 354 109,250.00 108,612.01 09/01/97 726.85 95.00 115,000.00 5.820
606 354 100,000.00 99,470.62 09/01/97 699.22 79.37 126,000.00 6.320
607 353 225,600.00 224,140.32 09/01/97 1,558.17 80.00 282,000.00 6.195
608 354 585,000.00 581,825.98 09/01/97 4,040.45 74.52 785,000.00 6.195
609 354 258,800.00 257,629.42 10/01/97 1,809.57 80.00 323,500.00 6.320
610 355 165,000.00 164,058.77 10/01/97 1,070.19 69.62 237,000.00 5.570
611 354 116,000.00 115,385.96 09/01/97 811.09 80.00 145,000.00 6.320
612 356 284,000.00 282,702.28 11/01/97 1,795.08 78.41 362,176.00 5.320
613 355 162,000.00 161,267.26 10/01/97 1,132.73 90.00 180,000.00 6.320
614 354 271,200.00 269,728.50 09/01/97 1,873.12 80.00 339,000.00 6.195
615 354 199,750.00 198,666.19 09/01/97 1,379.63 80.00 249,692.00 6.195
616 355 255,150.00 253,937.53 10/01/97 1,740.58 90.00 283,500.00 6.070
617 354 155,000.00 154,159.00 09/01/97 1,070.55 70.45 220,000.00 6.195
618 355 323,200.00 321,738.10 10/01/97 2,259.87 80.00 404,000.00 6.320
619 354 112,500.00 111,858.88 09/01/97 757.94 75.00 150,000.00 5.945
620 354 96,550.00 96,102.35 10/01/97 666.85 79.99 120,700.00 6.195
621 354 161,600.00 160,585.24 09/01/97 1,034.75 80.00 202,000.00 5.445
622 353 300,000.00 297,127.24 09/01/97 2,175.21 75.00 400,000.00 6.695
623 359 213,600.00 213,265.73 02/01/98 1,457.13 79.98 267,051.00 6.070
624 355 560,000.00 557,529.14 10/01/97 3,963.65 80.00 700,000.00 6.445
625 356 101,250.00 100,860.02 11/01/97 699.31 75.00 135,000.00 6.195
626 353 122,400.00 121,685.21 09/01/97 814.34 90.00 136,000.00 5.820
627 354 184,000.00 183,036.01 10/01/97 1,193.42 80.00 230,000.00 5.570
628 355 567,300.00 564,537.26 10/01/97 3,822.01 79.99 709,200.00 5.945
629 354 400,000.00 397,575.93 09/01/97 2,865.65 80.00 500,000.00 6.570
630 356 112,100.00 111,678.81 11/01/97 783.82 95.00 118,000.00 6.320
631 355 171,000.00 169,821.19 10/01/97 1,137.67 95.00 180,000.00 5.820
632 355 214,600.00 213,420.12 10/01/97 1,356.42 78.90 272,000.00 5.320
633 355 199,900.00 198,852.70 10/01/97 1,296.55 79.99 249,900.00 5.570
634 355 600,000.00 597,286.17 10/01/97 4,195.29 50.00 1,200,000.00 6.320
635 354 81,000.00 80,633.60 10/01/97 566.37 85.31 94,950.00 6.320
636 355 650,000.00 646,911.28 10/01/97 4,434.15 76.02 855,000.00 6.070
637 354 133,200.00 132,494.86 09/01/97 931.36 90.00 148,000.00 6.320
638 355 212,000.00 211,041.09 10/01/97 1,482.34 80.00 265,000.00 6.320
639 356 406,000.00 404,474.45 11/01/97 2,838.82 75.19 540,000.00 6.320
640 356 257,000.00 256,034.31 11/01/97 1,796.99 74.49 345,000.00 6.320
641 358 194,750.00 194,218.94 01/01/98 1,230.96 95.00 205,000.00 5.320
642 354 107,900.00 107,269.89 09/01/97 717.87 89.99 119,900.00 5.820
643 355 243,750.00 242,700.94 10/01/97 1,746.26 75.00 325,000.00 6.570
644 354 154,500.00 142,321.25 09/01/97 1,014.96 65.88 234,500.00 5.695
645 355 147,325.00 146,641.95 10/01/97 1,017.54 95.00 147,325.00 6.195
</TABLE>
D-116
<PAGE>
<TABLE>
<CAPTION>
Lender
Property Paid CD pledge CD Convert- POOL-OUT
Type Occ MI (Y/N) Loan (Y/N) Amount ible Purp POOL-OUT
GROUP II LOANS
Loannum Outpool Conv-Y/N
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
586 1 1 N N N 1 0002 537,273 5958061 0 5958061 0002 N
587 1 1 N N N 1 0002 3,918,643 5958129 0 5958129 0002 N
588 1 1 N N N 1 0002 1,808,447 5958152 0 5958152 0002 N
589 2 1 N N N 1 0002 412,088 5958160 0 5958160 0002 N
590 1 1 N N N 1 0002 959,343 5958251 0 5958251 0002 N
591 1 1 N N N 1 0002 2,378,279 5958335 0 5958335 0002 N
592 3 1 N N N 1 0002 1,869,837 5958368 0 5958368 0002 N
593 3 1 N N N 1 0002 1,191,492 5958442 0 5958442 0002 N
594 1 1 N N N 3 0002 2,009,149 5958533 0 5958533 0002 N
595 1 1 N N N 1 0002 642,689 5958590 0 5958590 0002 N
596 1 1 N N N 1 0002 1,252,610 5958673 0 5958673 0002 N
597 1 1 N N Y 2 0002 4,976,509 5958707 0 5958707 0002 Y
598 3 1 N N N 1 0002 939,712 5958715 0 5958715 0002 N
599 1 1 N N N 1 0002 691,601 5958723 0 5958723 0002 N
600 1 1 N N N 1 0002 358,176 5958806 0 5958806 0002 N
601 1 1 N N N 1 0002 1,711,937 5958822 0 5958822 0002 N
602 1 1 N N N 2 0002 560,275 5958954 0 5958954 0002 N
603 1 1 N N N 2 0002 1,888,876 5959002 0 5959002 0002 N
604 1 1 N N N 3 0002 1,194,385 5959077 0 5959077 0002 N
605 2 1 N N N 1 0002 632,122 5959085 0 5959085 0002 N
606 1 1 N N N 3 0002 628,654 5959143 0 5959143 0002 N
607 1 1 N N N 3 0002 1,388,549 5959184 0 5959184 0002 N
608 1 1 N N N 1 0002 3,604,412 5959275 0 5959275 0002 N
609 1 1 N N N 1 0002 1,628,218 5959358 0 5959358 0002 N
610 1 1 N N N 1 0002 913,807 5959689 0 5959689 0002 N
611 1 1 N N N 3 0002 729,239 5959713 0 5959713 0002 N
612 1 1 N N N 1 0002 1,503,976 5959812 0 5959812 0002 N
613 1 1 N N N 2 0002 1,019,209 5959846 0 5959846 0002 N
614 1 1 N N N 1 0002 1,670,968 5959879 0 5959879 0002 N
615 1 1 N N N 1 0002 1,230,737 5959978 0 5959978 0002 N
616 1 1 N N N 1 0002 1,541,401 5960075 0 5960075 0002 N
617 1 1 N N Y 3 0002 955,015 5960117 0 5960117 0002 Y
618 1 1 N N N 2 0002 2,033,385 5960208 0 5960208 0002 N
619 1 1 N N N 3 0002 665,001 5960240 0 5960240 0002 N
620 1 1 N N N 1 0002 595,354 5960257 0 5960257 0002 N
621 2 1 N N N 2 0002 874,387 5960315 0 5960315 0002 N
622 1 1 N N N 1 0002 1,989,267 5960380 0 5960380 0002 N
623 1 1 N N Y 1 0002 1,294,523 5960398 0 5960398 0002 Y
624 1 1 N N N 1 0002 3,593,275 5960455 0 5960455 0002 N
625 1 1 N N N 3 0002 624,828 5960463 0 5960463 0002 N
626 2 1 N N N 1 0002 708,208 5960513 0 5960513 0002 N
627 1 1 N N N 1 0002 1,019,511 5960612 0 5960612 0002 N
628 1 1 N N N 1 0002 3,356,174 5960646 0 5960646 0002 N
629 1 1 N N N 1 0002 2,612,074 5960786 0 5960786 0002 N
630 2 1 N N N 1 0002 705,810 5961040 0 5961040 0002 N
631 1 1 N N N 1 0002 988,359 5961073 0 5961073 0002 N
632 1 1 N N N 1 0002 1,135,395 5961156 0 5961156 0002 N
633 1 1 N N N 1 0002 1,107,610 5961164 0 5961164 0002 N
634 1 1 N N N 2 0002 3,774,849 5961354 0 5961354 0002 N
635 1 1 N N N 1 0002 509,604 5961396 0 5961396 0002 N
636 1 1 N N N 1 0002 3,926,751 5961446 0 5961446 0002 N
637 3 1 N N N 1 0002 837,368 5961594 0 5961594 0002 N
638 1 1 N N N 1 0002 1,333,780 5961628 0 5961628 0002 N
639 1 1 N N N 2 0002 2,556,279 5961842 0 5961842 0002 N
640 1 1 N N N 2 0002 1,618,137 5961925 0 5961925 0002 N
641 1 1 N N N 1 0002 1,033,245 5961941 0 5961941 0002 N
642 1 1 N N N 1 0002 624,311 5962097 0 5962097 0002 N
643 1 1 N N Y 3 0002 1,594,545 5962253 0 5962253 0002 Y
644 1 1 N N N 1 0002 810,520 5962337 0 5962337 0002 N
645 1 1 N Y 7,366.25 N 1 0002 908,447 5962402 0 5962402 0002 N
</TABLE>
D-117
<PAGE>
<TABLE>
<CAPTION>
Maximum Minimum Original
Loan-no City State Zip Index Margin Int rate Int rate Term
GROUP II LOANS
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
646 5962527 SILVER SPRI MD 20901 01 3.000 13.875 3.000 360
647 5962543 DARIEN CT 6820 01 3.000 13.375 3.000 360
648 5962592 RARITAN TOW NJ 8822 01 3.000 13.500 3.000 360
649 5962683 KINNELON NJ 7405 01 3.000 13.625 3.000 360
650 5962691 GAINESVILLE FL 32605 01 3.000 13.375 3.000 360
651 5962766 FAIRFAX VA 22030 01 3.000 13.625 3.000 360
652 5962840 MAHWAH NJ 7430 01 3.000 13.375 3.000 360
653 5962857 GARFIELD NJ 7026 01 3.000 13.375 3.000 360
654 5962865 SILVER SPRI MD 20910 01 3.000 13.500 3.000 360
655 5963103 FLOWER MOUN TX 75028 01 3.000 12.875 3.000 360
656 5963202 DURHAM NC 27707 01 3.000 13.375 3.000 360
657 5963210 WASHINGTON DC 20003 01 3.000 13.500 3.000 360
658 5963236 MIDDLETOWN NJ 7748 01 3.000 13.500 3.000 360
659 5963244 CATONSVILLE MD 21228 01 3.000 13.375 3.000 360
660 5963251 OLD GREENWI CT 6870 01 3.000 13.500 3.000 360
661 5963434 CHARLOTTE NC 28216 01 3.000 13.375 3.000 360
662 5963442 BALTIMORE MD 21244 01 3.000 12.750 3.000 360
663 5963459 WASHINGTON DC 20016 01 3.000 13.625 3.000 360
664 5963640 TINTON FALL NJ 7724 01 3.000 13.375 3.000 360
665 5963673 STATEN ISLA NY 10306 01 3.000 13.500 3.000 360
666 5963756 SMYRNA GA 30080 01 3.000 13.000 3.000 360
667 5963772 LISLE IL 60532 01 3.000 13.375 3.000 360
668 5963806 BOWIE MD 20715 01 3.000 12.750 3.000 360
669 5963830 ASHBURN VA 20147 01 3.000 13.250 3.000 360
670 5964028 MARIETTA GA 30064 01 3.000 13.375 3.000 360
671 5964036 MONTCLAIR NJ 7043 01 3.000 13.000 3.000 360
672 5964085 CLOSTER NJ 7624 01 3.000 13.500 3.000 360
673 5964184 RUCKERSVILL VA 22968 01 3.000 13.375 3.000 360
674 5964374 CLIMAX NC 27233 01 3.000 12.875 3.000 360
675 5964382 LOWER MERIO PA 19066 01 3.000 12.875 3.000 360
676 5964408 GARNER NC 27529 01 3.000 13.125 3.000 360
677 5964440 MARIETTA GA 30064 01 3.000 12.750 3.000 360
678 5964457 SHERBORN MA 1770 01 3.000 13.375 3.000 360
679 5964523 ARLINGTON VA 22207 01 3.000 13.250 3.000 360
680 5964713 WESTFIELD NJ 7090 01 3.000 12.500 3.000 360
681 5964820 WASHINGTON DC 20007 01 3.000 13.375 3.000 360
682 5964838 GAITHERSBUR MD 20879 01 3.000 13.750 3.000 360
683 5965025 COLUMBIA MD 21045 01 3.000 13.250 3.000 360
684 5965124 JAMESTOWN NC 27282 01 3.000 12.875 3.000 360
685 5965173 WAKEFIELD MA 1880 01 3.000 13.375 3.000 360
686 5965330 RYE NY 10580 01 3.000 13.500 3.000 360
687 5965363 COLUMBIA MD 21045 01 3.000 13.500 3.000 360
688 5965504 RUXTON MD 21204 01 3.000 13.375 3.000 360
689 5965678 BETHESDA MD 20814 01 3.000 13.125 3.000 360
690 5965744 BETHESDA MD 20817 01 3.000 13.125 3.000 360
691 5965777 MARGATE NJ 8402 01 3.000 13.500 3.000 360
692 5965934 POTOMAC MD 20854 01 3.000 13.375 3.000 360
693 5966056 BASKING RID NJ 7920 01 3.000 13.500 3.000 360
694 5966064 ANNANDALE VA 22003 01 3.000 13.375 3.000 360
695 5966080 MAHWAH NJ 7430 01 3.000 13.375 3.000 360
696 5966106 ELLICOTT CI MD 21042 01 3.000 13.500 3.000 360
697 5966114 GREENSBORO NC 27455 01 3.000 13.125 3.000 360
698 5966361 WASHINGTON DC 20003 01 3.000 13.625 3.000 360
699 5966437 DURHAM NC 27703 01 3.000 13.125 3.000 360
700 5966452 FREDERICK MD 21701 01 3.000 12.750 3.000 360
701 5966528 LAYTONSVILL MD 20882 01 3.000 13.375 3.000 360
702 5966619 HALIFAX MA 2338 01 3.000 13.250 3.000 360
703 5966635 STAUNTON VA 24401 01 3.000 12.625 3.000 360
704 5966643 CHATHAM NJ 7928 01 3.000 13.625 3.000 360
705 5966692 MIDLOTHIAN VA 23112 01 3.000 13.250 3.000 360
</TABLE>
D-118
<PAGE>
<TABLE>
<CAPTION>
Original 03/01/98 Orig-
Remaining Principal Principal 1st due 03/01/98 inal Appraised Net
Term Bal Bal date p&i LTV Value Mtg Rate
GROUP II LOANS
<S> <C> <C> <C> <C> <C> <C> <C> <C>
646 355 133,000.00 132,536.27 11/01/97 964.35 95.00 140,000.00 6.695
647 355 595,200.00 592,440.51 10/01/97 4,110.90 80.00 744,000.00 6.195
648 354 194,400.00 193,370.90 09/01/97 1,359.28 80.00 243,000.00 6.320
649 355 294,300.00 293,001.49 10/01/97 2,083.04 90.00 327,000.00 6.445
650 354 114,000.00 113,381.48 09/01/97 787.37 95.00 120,000.00 6.195
651 353 160,550.00 159,720.86 09/01/97 1,136.37 95.00 169,000.00 6.445
652 355 127,800.00 126,698.59 10/01/97 882.69 90.00 142,000.00 6.195
653 354 206,000.00 204,882.32 09/01/97 1,422.79 80.00 257,500.00 6.195
654 355 214,600.00 213,629.31 10/01/97 1,500.52 79.48 270,000.00 6.320
655 354 113,600.00 112,920.29 09/01/97 746.28 80.00 142,000.00 5.695
656 355 100,000.00 99,527.45 10/01/97 690.68 79.37 126,000.00 6.195
657 355 104,000.00 103,529.56 10/01/97 727.19 80.00 130,000.00 6.320
658 354 225,000.00 223,808.94 09/01/97 1,573.24 87.38 257,500.00 6.320
659 356 221,132.00 219,991.05 11/01/97 1,527.31 94.98 221,132.00 6.195
660 354 381,000.00 377,032.64 10/01/97 2,664.01 75.00 508,000.00 6.320
661 356 135,950.00 135,426.34 11/01/97 938.98 89.99 151,070.00 6.195
662 355 78,350.00 77,939.50 10/01/97 508.18 94.97 82,500.00 5.570
663 355 360,000.00 358,680.53 11/01/97 2,548.06 78.26 460,000.00 6.445
664 354 275,405.00 273,320.99 09/01/97 1,902.16 95.00 289,900.00 6.195
665 355 190,400.00 189,538.78 10/01/97 1,331.31 80.00 238,000.00 6.320
666 356 172,350.00 171,635.33 11/01/97 1,146.65 79.98 215,496.00 5.820
667 359 175,650.00 175,381.85 02/01/98 1,213.18 94.99 184,921.00 6.195
668 354 214,550.00 213,234.88 09/01/97 1,391.57 94.98 225,890.00 5.570
669 354 121,500.00 120,824.32 09/01/97 828.85 90.00 135,000.00 6.070
670 354 180,000.00 179,023.35 09/01/97 1,243.22 80.00 225,000.00 6.195
671 355 193,500.00 192,697.61 11/01/97 1,287.37 90.00 215,000.00 5.820
672 353 280,000.00 278,734.83 10/01/97 1,957.81 80.00 350,000.00 6.320
673 354 75,200.00 74,791.98 09/01/97 519.39 80.00 94,000.00 6.195
674 354 104,500.00 103,874.72 09/01/97 686.50 95.00 110,000.00 5.695
675 356 500,000.00 497,875.46 11/01/97 3,284.65 68.59 729,000.00 5.695
676 355 112,000.00 111,454.55 10/01/97 754.57 80.00 140,000.00 5.945
677 355 157,250.00 156,426.09 10/01/97 1,019.93 85.00 185,000.00 5.570
678 355 290,000.00 288,883.02 11/01/97 2,002.96 72.50 400,000.00 6.195
679 354 226,500.00 225,240.52 09/01/97 1,545.13 95.00 226,500.00 6.070
680 354 168,000.00 167,076.30 10/01/97 1,061.88 80.00 210,000.00 5.320
681 355 600,000.00 595,999.65 10/01/97 4,144.06 73.62 815,000.00 6.195
682 354 224,100.00 222,971.14 09/01/97 1,605.48 95.00 235,895.00 6.570
683 354 209,000.00 207,837.81 09/01/97 1,425.75 95.00 220,000.00 6.070
684 357 126,250.00 125,822.05 12/01/97 829.38 94.98 132,925.00 5.695
685 355 132,000.00 131,387.97 10/01/97 911.70 80.00 165,000.00 6.195
686 357 1,000,000.00 997,003.45 12/01/97 6,992.15 35.71 2,800,000.00 6.320
687 354 208,900.00 207,539.26 09/01/97 1,460.66 95.00 219,900.00 6.320
688 356 175,000.00 174,325.92 11/01/97 1,208.69 63.64 275,000.00 6.195
689 355 300,000.00 298,786.12 11/01/97 2,021.16 44.78 670,000.00 5.945
690 355 322,500.00 320,929.40 10/01/97 2,172.75 75.00 430,000.00 5.945
691 355 132,700.00 132,099.79 10/01/97 927.86 89.97 147,500.00 6.320
692 356 576,000.00 573,781.46 11/01/97 3,978.29 80.00 720,000.00 6.195
693 356 290,000.00 288,910.31 11/01/97 2,027.73 79.45 365,000.00 6.320
694 355 163,000.00 162,244.23 10/01/97 1,125.81 74.77 218,000.00 6.195
695 357 180,000.00 179,586.56 01/01/98 1,243.22 94.74 189,994.00 6.195
696 355 650,000.00 647,060.01 10/01/97 4,544.90 54.17 1,200,000.00 6.320
697 355 133,950.00 133,297.65 10/01/97 902.45 89.98 148,863.00 5.945
698 355 400,000.00 398,235.10 10/01/97 2,831.18 88.89 450,000.00 6.445
699 355 197,500.00 196,029.18 10/01/97 1,330.60 79.99 246,900.00 5.945
700 355 192,000.00 190,994.09 10/01/97 1,245.31 80.00 240,000.00 5.570
701 355 278,400.00 277,006.16 10/01/97 1,922.84 80.00 348,000.00 6.195
702 357 99,500.00 99,186.69 12/01/97 678.77 79.60 125,000.00 6.070
703 356 80,000.00 79,643.18 11/01/97 512.25 73.39 109,000.00 5.445
704 357 380,000.00 378,889.33 12/01/97 2,689.62 76.00 500,000.00 6.445
705 355 70,400.00 70,065.41 10/01/97 480.26 80.00 88,000.00 6.070
</TABLE>
D-119
<PAGE>
<TABLE>
<CAPTION>
Lender
Property Paid CD pledge CD Convert- POOL-OUT
Type Occ MI (Y/N) Loan (Y/N) Amount ible Purp POOL-OUT
GROUP II LOANS
Loannum Outpool Conv-Y/N
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
646 1 1 N N N 1 0002 887,330 5962527 0 5962527 0002 N
647 1 1 N N N 1 0002 3,670,169 5962543 0 5962543 0002 N
648 1 1 N N N 1 0002 1,222,104 5962592 0 5962592 0002 N
649 1 1 N N N 1 0002 1,888,395 5962683 0 5962683 0002 N
650 1 1 N N N 1 0002 702,398 5962691 0 5962691 0002 N
651 1 1 N N N 1 0002 1,029,401 5962766 0 5962766 0002 N
652 3 1 N N N 1 0002 784,898 5962840 0 5962840 0002 N
653 5 1 N N N 1 0002 1,269,246 5962857 0 5962857 0002 N
654 1 1 N N N 3 0002 1,350,137 5962865 0 5962865 0002 N
655 1 1 N N N 1 0002 643,081 5963103 0 5963103 0002 N
656 1 1 N N N 3 0002 616,573 5963202 0 5963202 0002 N
657 2 1 N N N 3 0002 654,307 5963210 0 5963210 0002 N
658 1 1 N N N 1 0002 1,414,473 5963236 0 5963236 0002 N
659 1 1 N Y 11,100.00 N 1 0002 1,362,845 5963244 0 5963244 0002 N
660 1 1 N N N 2 0002 2,382,846 5963251 0 5963251 0002 N
661 1 1 N N N 1 0002 838,966 5963434 0 5963434 0002 N
662 2 1 N N N 1 0002 434,123 5963442 0 5963442 0002 N
663 1 1 N N N 3 0002 2,311,696 5963459 0 5963459 0002 N
664 1 1 N N N 1 0002 1,693,224 5963640 0 5963640 0002 N
665 1 1 N N N 2 0002 1,197,885 5963673 0 5963673 0002 N
666 1 1 N N N 1 0002 998,918 5963756 0 5963756 0002 N
667 2 1 N N N 1 0002 1,086,491 5963772 0 5963772 0002 N
668 1 1 N N N 1 0002 1,187,718 5963806 0 5963806 0002 N
669 2 1 N N N 1 0002 733,404 5963830 0 5963830 0002 N
670 1 1 N N N 2 0002 1,109,050 5964028 0 5964028 0002 N
671 1 1 N N N 1 0002 1,121,500 5964036 0 5964036 0002 N
672 1 1 N N N 1 0002 1,761,604 5964085 0 5964085 0002 N
673 1 1 N N N 3 0002 463,336 5964184 0 5964184 0002 N
674 1 1 N N N 1 0002 591,567 5964374 0 5964374 0002 N
675 1 1 N N N 1 0002 2,835,401 5964382 0 5964382 0002 N
676 1 1 N N N 3 0002 662,597 5964408 0 5964408 0002 N
677 1 1 N N N 2 0002 871,293 5964440 0 5964440 0002 N
678 1 1 N N N 2 0002 1,789,630 5964457 0 5964457 0002 N
679 1 1 N Y 11,325.00 N 1 0002 1,367,210 5964523 0 5964523 0002 N
680 3 1 N N N 1 0002 888,846 5964713 0 5964713 0002 N
681 2 1 N N N 2 0002 3,692,218 5964820 0 5964820 0002 N
682 1 1 N N N 1 0002 1,464,920 5964838 0 5964838 0002 N
683 1 1 N N N 1 0002 1,261,576 5965025 0 5965025 0002 N
684 1 1 N N N 1 0002 716,557 5965124 0 5965124 0002 N
685 1 1 N N N 1 0002 813,948 5965173 0 5965173 0002 N
686 1 1 N N N 3 0002 6,301,062 5965330 0 5965330 0002 N
687 1 1 N N N 1 0002 1,311,648 5965363 0 5965363 0002 N
688 1 1 N N N 1 0002 1,079,949 5965504 0 5965504 0002 N
689 1 1 N N N 3 0002 1,776,283 5965678 0 5965678 0002 N
690 1 1 N N N 3 0002 1,907,925 5965744 0 5965744 0002 N
691 2 1 N N N 1 0002 834,871 5965777 0 5965777 0002 N
692 1 1 N N N 2 0002 3,554,576 5965934 0 5965934 0002 N
693 1 1 N N N 3 0002 1,825,913 5966056 0 5966056 0002 N
694 1 1 N N N 2 0002 1,005,103 5966064 0 5966064 0002 N
695 3 1 N N N 1 0002 1,112,539 5966080 0 5966080 0002 N
696 1 1 N N N 2 0002 4,089,419 5966106 0 5966106 0002 N
697 1 1 N N N 1 0002 792,455 5966114 0 5966114 0002 N
698 2 1 N N N 2 0002 2,566,625 5966361 0 5966361 0002 N
699 1 1 N N N 1 0002 1,165,393 5966437 0 5966437 0002 N
700 1 1 N N N 1 0002 1,063,837 5966452 0 5966452 0002 N
701 1 1 N N N 1 0002 1,716,053 5966528 0 5966528 0002 N
702 1 1 N N N 2 0002 602,063 5966619 0 5966619 0002 N
703 1 1 N N N 2 0002 433,657 5966635 0 5966635 0002 N
704 1 1 N N N 1 0002 2,441,942 5966643 0 5966643 0002 N
705 1 1 N N N 2 0002 425,297 5966692 0 5966692 0002 N
</TABLE>
D-120
<PAGE>
<TABLE>
<CAPTION>
Maximum Minimum Original
Loan-no City State Zip Index Margin Int rate Int rate Term
GROUP II LOANS
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
706 5966825 HACKETTSTOW NJ 7840 01 3.000 13.750 3.000 360
707 5966940 BETHESDA MD 20817 01 3.000 13.375 3.000 360
708 5967021 FAIRFAX STA VA 22039 01 3.000 13.250 3.000 360
709 5967047 SILVER SPRI MD 20903 01 3.000 13.375 3.000 360
710 5967310 FAIRLAWN NJ 7410 01 3.000 13.250 3.000 360
711 5967369 HINGHAM MA 2043 01 3.000 13.375 3.000 360
712 5967385 DALLAS TX 75209 01 3.000 13.250 3.000 360
713 5967401 DALLAS TX 75219 01 3.000 13.125 3.000 360
714 5967583 DAVIDSONVIL MD 21035 01 3.000 13.250 3.000 360
715 5967591 STERLING VA 20165 01 3.000 13.000 3.000 360
716 5967641 FALLS CHURC VA 22043 01 3.000 12.875 3.000 360
717 5967674 DURHAM NC 27713 01 3.000 13.000 3.000 360
718 5967682 MCLEAN VA 22102 01 3.000 13.625 3.000 360
719 5967799 ROCKVILLE MD 20852 01 3.000 13.750 3.000 360
720 5967864 BALTIMORE MD 21209 01 3.000 13.250 3.000 360
721 5968045 CAMBRIDGE MA 2138 01 3.000 13.500 3.000 360
722 5968151 BELTSVILLE MD 20705 01 3.000 13.500 3.000 360
723 5968557 CHESTER TOW NJ 7930 01 3.000 13.500 3.000 360
724 5968565 RALEIGH NC 27608 01 3.000 13.500 3.000 360
725 5968987 WILMINGTON DE 19806 01 3.000 13.375 3.000 360
726 5969027 RICHMOND VA 23221 01 3.000 13.625 3.000 360
727 5969043 SAN RAMON CA 94583 01 3.000 13.500 3.000 360
728 5969415 GAITHERSBUR MD 20879 01 3.000 13.500 3.000 360
729 5969779 HEWITT NJ 7421 01 3.000 13.250 3.000 360
730 5970058 METUCHEN NJ 8840 01 3.000 13.750 3.000 360
731 5970090 LILBURN GA 30247 01 3.000 13.000 3.000 360
732 5970629 HUDSON NC 28638 01 3.000 13.250 3.000 360
733 5970769 ENGLEWOOD NJ 7631 01 3.000 13.125 3.000 360
734 5970884 SILVER SPRI MD 20906 01 3.000 13.250 3.000 360
735 5970926 FINCASTLE VA 24090 01 3.000 12.875 3.000 360
736 5971155 GERMANTOWN MD 20874 01 3.000 13.500 3.000 360
737 5971189 WOODBRIDGE VA 22193 01 3.000 13.375 3.000 360
738 5971213 POMONA NY 10970 01 3.000 13.500 3.000 360
739 5971320 WOODCLIFF L NJ 7675 01 3.000 13.250 3.000 360
740 5971478 FAIRFAX VA 22033 01 3.000 12.000 3.000 360
741 5971577 MORRISVILLE NC 27560 01 3.000 13.250 3.000 360
742 5971585 DURHAM NC 27705 01 3.000 13.375 3.000 360
743 5971791 WASHINGTON DC 20016 01 3.000 13.500 3.000 360
744 5971999 STAMFORD CT 6907 01 3.000 13.375 3.000 360
745 5972005 EASTON MA 2375 01 3.000 13.375 3.000 360
746 5972187 HOBOKEN NJ 7030 01 3.000 13.375 3.000 360
747 5972245 CHAMBERSBUR PA 17201 01 3.000 12.875 3.000 360
748 5972252 MERCERSBURG PA 17236 01 3.000 12.750 3.000 360
749 5972302 CHANTILLY VA 20151 01 3.000 12.875 3.000 360
750 5972369 VIENNA VA 22181 01 3.000 13.500 3.000 360
751 5972591 MANASSAS VA 20110 01 3.000 13.375 3.000 360
752 5972633 COLUMBIA MD 21046 01 3.000 13.375 3.000 360
753 5972799 ODENTON MD 21113 01 3.000 13.000 3.000 360
754 5972856 BALTIMORE MD 21210 01 3.000 13.250 3.000 360
755 5972880 LINCOLNTON NC 28092 01 3.000 13.000 3.000 360
756 5972948 SYKESVILLE MD 21784 01 3.000 13.375 3.000 360
757 5973037 CHARLOTTE NC 28203 01 3.000 12.875 3.000 360
758 5973045 CHARLOTTE NC 28205 01 3.000 13.000 3.000 360
759 5973128 CHARLOTTE NC 28211 01 3.000 13.250 3.000 360
760 5973136 WARREN TOWN NJ 7060 01 3.000 13.500 3.000 360
761 5973235 CORNELIUS NC 28031 01 3.000 13.125 3.000 360
762 5973318 POTOMAC MD 20854 01 3.000 13.125 3.000 360
763 5973433 BATAVIA OH 45103 01 3.000 13.000 3.000 360
764 5973474 OAKTON VA 22124 01 3.000 13.375 3.000 360
765 5973508 MOUNT ARLIN NJ 7856 01 3.000 13.375 3.000 360
</TABLE>
D-121
<PAGE>
<TABLE>
<CAPTION>
Original 03/01/98 Orig-
Remaining Principal Principal 1st due 03/01/98 inal Appraised Net
Term Bal Bal date p&i LTV Value Mtg Rate
GROUP II LOANS
<S> <C> <C> <C> <C> <C> <C> <C> <C>
706 355 113,600.00 113,111.07 10/01/97 813.85 80.00 142,000.00 6.570
707 356 120,000.00 119,537.75 11/01/97 828.82 32.88 365,000.00 6.195
708 355 271,000.00 267,166.55 10/01/97 1,848.70 87.42 310,000.00 6.070
709 356 98,000.00 97,622.49 11/01/97 676.87 44.14 222,000.00 6.195
710 355 145,000.00 143,807.93 10/01/97 989.16 61.44 236,000.00 6.070
711 355 252,000.00 250,792.64 10/01/97 1,740.51 77.06 327,000.00 6.195
712 355 271,200.00 269,911.25 10/01/97 1,850.07 80.00 339,000.00 6.070
713 355 98,800.00 98,318.82 10/01/97 665.64 95.00 104,000.00 5.945
714 355 111,200.00 110,760.94 11/01/97 758.59 80.00 139,000.00 6.070
715 356 176,000.00 175,270.18 11/01/97 1,170.94 79.83 220,465.00 5.820
716 355 204,450.00 203,404.49 10/01/97 1,343.10 79.86 256,000.00 5.695
717 354 124,450.00 123,828.93 10/01/97 827.97 95.00 131,000.00 5.820
718 356 430,000.00 428,186.16 11/01/97 3,043.52 78.90 545,000.00 6.445
719 357 286,600.00 285,783.00 12/01/97 2,053.24 95.00 286,600.00 6.570
720 355 86,400.00 85,989.38 10/01/97 589.41 80.00 108,000.00 6.070
721 355 255,000.00 253,846.61 10/01/97 1,783.00 75.00 340,000.00 6.320
722 356 122,000.00 121,085.32 11/01/97 853.05 79.74 153,000.00 6.320
723 357 120,000.00 119,640.40 12/01/97 839.06 38.10 315,000.00 6.320
724 356 200,000.00 199,248.51 11/01/97 1,398.43 78.13 256,000.00 6.320
725 355 127,800.00 127,207.26 10/01/97 882.69 90.00 142,000.00 6.195
726 354 242,800.00 241,728.68 10/01/97 1,718.53 80.00 303,500.00 6.445
727 356 420,000.00 418,421.84 11/01/97 2,936.71 80.00 525,000.00 6.320
728 355 192,750.00 191,878.16 10/01/97 1,347.74 89.99 214,195.00 6.320
729 357 144,000.00 143,546.55 12/01/97 982.34 80.00 180,000.00 6.070
730 356 124,450.00 124,005.09 11/01/97 891.58 95.00 131,000.00 6.570
731 355 74,000.00 73,630.68 10/01/97 492.33 77.98 94,900.00 5.820
732 356 125,000.00 124,506.47 11/01/97 852.73 95.00 125,000.00 6.070
733 356 135,000.00 134,453.72 11/01/97 909.53 90.00 150,000.00 5.945
734 357 130,500.00 130,089.04 11/01/97 890.25 90.00 145,000.00 6.070
735 357 165,000.00 164,440.71 12/01/97 1,083.94 76.39 216,000.00 5.695
736 355 129,999.00 129,410.95 10/01/97 908.98 90.08 129,999.00 6.320
737 355 98,400.00 97,409.53 11/01/97 679.63 80.00 123,000.00 6.195
738 356 83,000.00 82,688.14 11/01/97 580.35 92.22 90,000.00 6.320
739 355 382,000.00 380,184.77 10/01/97 2,605.92 65.55 582,800.00 6.070
740 359 182,300.00 181,936.11 02/01/98 1,092.99 80.00 227,880.00 4.820
741 355 285,550.00 284,193.09 10/01/97 1,947.96 95.00 300,585.00 6.070
742 357 137,600.00 137,177.31 12/01/97 950.37 80.00 172,000.00 6.195
743 356 251,200.00 250,256.12 11/01/97 1,756.43 80.00 314,000.00 6.320
744 356 436,000.00 434,660.64 12/01/97 3,011.35 80.00 545,000.00 6.195
745 356 187,500.00 186,375.55 11/01/97 1,295.02 75.00 250,000.00 6.195
746 356 200,000.00 199,229.67 11/01/97 1,381.35 84.57 236,500.00 6.195
747 356 103,000.00 102,562.33 11/01/97 676.64 68.67 150,000.00 5.695
748 356 119,000.00 118,586.68 12/01/97 771.84 89.81 132,500.00 5.570
749 357 274,000.00 273,071.26 12/01/97 1,799.99 79.42 345,000.00 5.695
750 356 150,000.00 149,550.48 12/01/97 1,048.83 50.00 300,000.00 6.320
751 356 182,650.00 181,946.49 11/01/97 1,261.52 89.10 205,000.00 6.195
752 356 212,000.00 211,183.41 11/01/97 1,464.24 86.53 245,000.00 6.195
753 356 213,650.00 212,764.08 11/01/97 1,421.42 95.00 224,900.00 5.820
754 356 163,850.00 163,192.56 11/01/97 1,117.75 74.99 218,500.00 6.070
755 356 100,800.00 100,382.01 11/01/97 670.63 80.00 126,000.00 5.820
756 356 103,950.00 103,549.60 11/01/97 717.96 90.00 115,500.00 6.195
757 356 100,000.00 95,490.65 11/01/97 656.93 56.82 176,000.00 5.695
758 356 70,400.00 70,108.05 11/01/97 468.38 80.00 88,000.00 5.820
759 357 116,000.00 115,634.76 12/01/97 791.32 80.00 145,000.00 6.070
760 356 612,000.00 609,700.43 11/01/97 4,279.20 80.00 765,000.00 6.320
761 356 412,000.00 410,332.98 11/01/97 2,775.72 80.00 515,000.00 5.945
762 357 650,000.00 647,902.19 12/01/97 4,379.18 59.09 1,100,000.00 5.945
763 357 196,200.00 195,551.03 12/01/97 1,305.33 90.00 218,000.00 5.820
764 356 101,600.00 101,208.65 11/01/97 701.73 80.00 127,000.00 6.195
765 356 95,000.00 94,634.04 11/01/97 656.15 95.00 100,000.00 6.195
</TABLE>
D-122
<PAGE>
<TABLE>
<CAPTION>
Lender
Property Paid CD pledge CD Convert- POOL-OUT
Type Occ MI (Y/N) Loan (Y/N) Amount ible Purp POOL-OUT
GROUP II LOANS
Loannum Outpool Conv-Y/N
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
706 1 1 N N N 1 0002 743,140 5966825 0 5966825 0002 N
707 1 1 N N N 3 0002 740,536 5966940 0 5966940 0002 N
708 1 1 N N N 2 0002 1,621,701 5967021 0 5967021 0002 N
709 1 1 N N N 2 0002 604,771 5967047 0 5967047 0002 N
710 1 1 N N N 2 0002 872,914 5967310 0 5967310 0002 N
711 1 1 N N N 2 0002 1,553,660 5967369 0 5967369 0002 N
712 1 1 N N N 1 0002 1,638,361 5967385 0 5967385 0002 N
713 2 1 N N N 1 0002 584,505 5967401 0 5967401 0002 N
714 1 1 N N N 3 0002 672,319 5967583 0 5967583 0002 N
715 2 1 N N N 1 0002 1,020,072 5967591 0 5967591 0002 N
716 1 1 N N N 2 0002 1,158,389 5967641 0 5967641 0002 N
717 1 1 N N N 1 0002 720,684 5967674 0 5967674 0002 N
718 1 1 N N N 2 0002 2,759,660 5967682 0 5967682 0002 N
719 1 1 N Y 14,330.00 N 1 0002 1,877,594 5967799 0 5967799 0002 N
720 2 1 N N N 3 0002 521,956 5967864 0 5967864 0002 N
721 5 1 N N N 1 0002 1,604,311 5968045 0 5968045 0002 N
722 1 1 N N N 2 0002 765,259 5968151 0 5968151 0002 N
723 1 1 N N N 3 0002 756,127 5968557 0 5968557 0002 N
724 1 1 N N N 2 0002 1,259,251 5968565 0 5968565 0002 N
725 5 1 N N N 1 0002 788,049 5968987 0 5968987 0002 N
726 1 1 N N N 3 0002 1,557,941 5969027 0 5969027 0002 N
727 1 1 N N N 2 0002 2,644,426 5969043 0 5969043 0002 N
728 1 1 N N N 1 0002 1,212,670 5969415 0 5969415 0002 N
729 1 1 N N N 3 0002 871,328 5969779 0 5969779 0002 N
730 2 1 N N N 1 0002 814,713 5970058 0 5970058 0002 N
731 1 1 N N N 1 0002 428,531 5970090 0 5970090 0002 N
732 1 1 N Y 6,250.00 N 1 0002 755,754 5970629 0 5970629 0002 N
733 2 1 N N N 1 0002 799,327 5970769 0 5970769 0002 N
734 2 1 N N N 2 0002 789,640 5970884 0 5970884 0002 N
735 1 1 N N N 2 0002 936,490 5970926 0 5970926 0002 N
736 2 1 N Y 12,900.00 N 1 0002 817,877 5971155 0 5971155 0002 N
737 1 1 N N N 2 0002 603,452 5971189 0 5971189 0002 N
738 3 1 N N N 1 0002 522,589 5971213 0 5971213 0002 N
739 1 1 N N N 1 0002 2,307,722 5971320 0 5971320 0002 N
740 2 1 N N N 1 0002 876,932 5971478 0 5971478 0002 N
741 1 1 N N N 1 0002 1,725,052 5971577 0 5971577 0002 N
742 3 1 N N N 2 0002 849,813 5971585 0 5971585 0002 N
743 2 1 N N N 2 0002 1,581,619 5971791 0 5971791 0002 N
744 1 1 N N N 3 0002 2,692,723 5971999 0 5971999 0002 N
745 1 1 N N N 3 0002 1,154,597 5972005 0 5972005 0002 N
746 3 1 N N N 1 0002 1,234,228 5972187 0 5972187 0002 N
747 1 1 N N N 1 0002 584,092 5972245 0 5972245 0002 N
748 1 1 N N N 1 0002 660,528 5972252 0 5972252 0002 N
749 1 1 N N N 2 0002 1,555,141 5972302 0 5972302 0002 N
750 1 1 N N N 3 0002 945,159 5972369 0 5972369 0002 N
751 1 1 N N N 2 0002 1,127,159 5972591 0 5972591 0002 N
752 1 1 N N N 2 0002 1,308,281 5972633 0 5972633 0002 N
753 1 1 N N N 1 0002 1,238,287 5972799 0 5972799 0002 N
754 1 1 N N N 1 0002 990,579 5972856 0 5972856 0002 N
755 1 1 N N N 3 0002 584,223 5972880 0 5972880 0002 N
756 1 1 N N N 1 0002 641,490 5972948 0 5972948 0002 N
757 3 1 N N N 1 0002 543,819 5973037 0 5973037 0002 N
758 1 1 N N N 1 0002 408,029 5973045 0 5973045 0002 N
759 1 1 N N N 3 0002 701,903 5973128 0 5973128 0002 N
760 1 1 N N N 1 0002 3,853,307 5973136 0 5973136 0002 N
761 1 1 N N N 2 0002 2,439,430 5973235 0 5973235 0002 N
762 1 1 N N N 1 0002 3,851,779 5973318 0 5973318 0002 N
763 1 1 N N N 1 0002 1,138,107 5973433 0 5973433 0002 N
764 3 1 N N N 3 0002 626,988 5973474 0 5973474 0002 N
765 3 1 N N N 1 0002 586,258 5973508 0 5973508 0002 N
</TABLE>
D-123
<PAGE>
<TABLE>
<CAPTION>
Maximum Minimum Original
Loan-no City State Zip Index Margin Int rate Int rate Term
GROUP II LOANS
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
766 5973557 CHARLOTTE NC 28209 01 3.000 13.125 3.000 360
767 5973565 BURKE VA 22015 01 3.000 13.000 3.000 360
768 5973623 ARLINGTON VA 22207 01 3.000 13.000 3.000 360
769 5973680 CENTREVILLE VA 20120 01 3.000 13.250 3.000 360
770 5973912 SEA GIRT NJ 8750 01 3.000 13.375 3.000 360
771 5973995 STERLING VA 20165 01 3.000 13.125 3.000 360
772 5974100 SOUTHAMPTON NY 11968 01 3.000 14.000 3.000 360
773 5974191 GREAT FALLS VA 22066 01 3.000 12.750 3.000 360
774 5974225 WEST HARRIS NY 10604 01 3.000 13.250 3.000 360
775 5974258 DURHAM NC 27707 01 3.000 13.375 3.000 360
776 5974290 STUARTS DRA VA 24477 01 3.000 13.250 3.000 360
777 5974340 GAITHERSBUR MD 20879 01 3.000 13.250 3.000 360
778 5974381 ANNAPOLIS MD 21401 01 3.000 13.375 3.000 360
779 5974407 FAIRFAX VA 22031 01 3.000 13.250 3.000 360
780 5974456 HERNDON VA 20171 01 3.000 13.250 3.000 360
781 5974670 MILLWOOD NY 10546 01 3.000 13.250 3.000 360
782 5974688 HADDON TOWN NJ 8108 01 3.000 13.375 3.000 360
783 5974803 NARRAGANSET RI 2882 01 3.000 13.375 3.000 360
784 5974985 RICHMOND VA 23233 01 3.000 13.500 3.000 360
785 5975313 SILVER SPRI MD 20902 01 3.000 13.375 3.000 360
786 5975362 DALLAS TX 75204 01 3.000 13.250 3.000 360
787 5975644 GREAT FALLS VA 22066 01 3.000 13.500 3.000 360
788 5975651 BALTIMORE MD 21208 01 3.000 13.125 3.000 360
789 5975826 NORWALK CT 6854 01 3.000 13.250 3.000 360
790 5976006 CHATHAM BOR NJ 7928 01 3.000 13.500 3.000 360
791 5976196 MAHWAH NJ 7430 01 3.000 13.375 3.000 360
792 5976402 NEEDHAM MA 2192 01 3.000 13.375 3.000 360
793 5976881 PHOENIX MD 21131 01 3.000 13.125 3.000 360
794 5977210 CLIFTON VA 20124 01 3.000 13.625 3.000 360
795 5977392 ASHBURN VA 20147 01 3.000 12.625 3.000 360
796 5977467 GERMANTOWN MD 20874 01 3.000 13.625 3.000 360
797 5977475 RALEIGH NC 27606 01 3.000 13.250 3.000 360
798 5977517 WASHINGTON DC 20002 01 3.000 13.500 3.000 360
799 5977566 WESTON CT 6883 01 3.000 13.375 3.000 360
800 5977616 ANNAPOLIS MD 21401 01 3.000 12.875 3.000 360
801 5977749 DENVILLE NJ 7834 01 3.000 13.250 3.000 360
802 5978358 BALDWIN MD 21013 01 3.000 13.375 3.000 360
803 5978374 DARIEN CT 6820 01 3.000 13.375 3.000 360
804 5978382 WASHINGTON DC 20007 01 3.000 13.625 3.000 360
805 5978457 CHARLOTTE NC 28209 01 3.000 13.000 3.000 360
806 5979299 HOLLISTON MA 1746 01 3.000 13.250 3.000 360
807 5979497 HADDONFIELD NJ 8033 01 3.000 13.250 3.000 360
808 5979604 OAKTON VA 22124 01 3.000 13.250 3.000 360
809 5979620 PAEONIAN SP VA 20129 01 3.000 13.375 3.000 360
810 5979646 FULTON MD 20759 01 3.000 13.375 3.000 360
811 5979778 BLOOMFIELD NJ 7003 01 3.000 12.500 3.000 360
812 5979844 COHASSET MA 2025 01 3.000 13.250 3.000 360
813 5979919 GAITHERSBUR MD 20878 01 3.000 13.000 3.000 360
814 5979935 WASHINGTON DC 20003 01 3.000 13.250 3.000 360
815 5980214 POMPTON LA NJ 7442 01 3.000 13.125 3.000 360
816 5980230 ELDERSBURG MD 21784 01 3.000 12.375 3.000 360
817 5980412 CROSS JUNCT VA 22625 01 3.000 12.875 3.000 360
818 5980552 E VINCENT T PA 19475 01 3.000 12.500 3.000 360
819 5980669 RICHMOND VA 23233 01 3.000 13.250 3.000 360
820 5980719 ATLANTA GA 30201 01 3.000 13.250 3.000 360
821 5980727 DREXEL HILL PA 19026 01 3.000 13.125 3.000 360
822 5981071 LOCKPORT IL 60441 01 3.000 13.500 3.000 360
823 5981253 CHEVY CHASE MD 20815 01 3.000 13.375 3.000 360
824 5981295 MAIDENS VA 23102 01 3.000 13.375 3.000 360
825 5981303 CHARLOTTE NC 28270 01 3.000 13.250 3.000 360
</TABLE>
D-124
<PAGE>
<TABLE>
<CAPTION>
Original 03/01/98 Orig-
Remaining Principal Principal 1st due 03/01/98 inal Appraised Net
Term Bal Bal date p&i LTV Value Mtg Rate
GROUP II LOANS
<S> <C> <C> <C> <C> <C> <C> <C> <C>
766 356 98,000.00 97,603.45 11/01/97 660.25 57.65 170,000.00 5.945
767 356 180,800.00 180,050.29 11/01/97 1,202.87 80.00 226,000.00 5.820
768 357 75,000.00 74,751.92 12/01/97 498.98 43.10 174,000.00 5.820
769 356 150,000.00 149,407.79 11/01/97 1,023.27 79.37 189,000.00 6.070
770 357 280,000.00 279,139.85 12/01/97 1,933.90 80.00 350,000.00 6.195
771 356 172,800.00 172,100.79 11/01/97 1,164.19 80.00 216,000.00 5.945
772 356 1,300,000.00 1,294,781.15 11/01/97 9,538.94 39.39 3,300,000.00 6.820
773 356 199,900.00 197,007.15 11/01/97 1,296.55 74.33 268,953.00 5.570
774 358 552,400.00 551,099.37 01/01/98 3,768.35 80.00 690,500.00 6.070
775 356 100,000.00 99,614.82 11/01/97 690.68 79.37 126,000.00 6.195
776 356 122,000.00 120,895.17 11/01/97 832.26 70.90 172,069.00 6.070
777 357 210,000.00 209,338.71 12/01/97 1,432.58 78.98 265,890.00 6.070
778 357 196,000.00 195,397.89 12/01/97 1,353.73 80.00 245,000.00 6.195
779 356 360,450.00 359,026.95 11/01/97 2,458.91 90.00 400,500.00 6.070
780 357 170,000.00 169,599.74 01/01/98 1,159.70 53.13 320,000.00 6.070
781 357 220,000.00 219,307.27 12/01/97 1,500.79 95.33 225,000.00 6.070
782 357 133,900.00 133,488.66 12/01/97 924.82 94.96 141,000.00 6.195
783 356 182,400.00 181,839.67 12/01/97 1,259.80 79.30 230,000.00 6.195
784 357 320,000.00 319,041.10 12/01/97 2,237.49 74.42 430,000.00 6.320
785 357 152,000.00 151,533.07 12/01/97 1,049.83 93.25 163,000.00 6.195
786 356 209,000.00 208,074.28 11/01/97 1,425.75 95.00 220,000.00 6.070
787 358 360,000.00 359,193.44 01/01/98 2,517.18 80.00 450,000.00 6.320
788 356 70,000.00 69,716.74 11/01/97 471.61 48.61 144,000.00 5.945
789 356 144,000.00 143,431.47 11/01/97 982.34 80.00 180,000.00 6.070
790 357 190,500.00 189,929.14 12/01/97 1,332.01 75.00 254,000.00 6.320
791 357 132,000.00 131,594.48 12/01/97 911.70 93.45 141,250.00 6.195
792 356 204,000.00 203,214.26 11/01/97 1,408.98 80.00 255,000.00 6.195
793 356 436,000.00 434,263.14 12/01/97 2,937.42 80.00 545,000.00 5.945
794 357 251,800.00 251,064.02 12/01/97 1,782.23 88.35 285,000.00 6.445
795 356 162,800.00 162,073.83 11/01/97 1,042.43 80.00 203,500.00 5.445
796 357 93,500.00 93,226.70 12/01/97 661.79 77.92 120,000.00 6.445
797 356 155,200.00 154,587.28 11/01/97 1,058.74 80.00 194,000.00 6.070
798 358 348,000.00 347,220.34 01/01/98 2,433.27 80.00 435,000.00 6.320
799 356 580,000.00 577,766.02 11/01/97 4,005.92 47.35 1,225,000.00 6.195
800 357 197,600.00 196,930.20 12/01/97 1,298.10 80.00 247,000.00 5.695
801 358 428,720.00 427,710.58 01/01/98 2,924.63 80.00 535,900.00 6.070
802 357 220,400.00 219,719.58 12/01/97 1,522.25 80.00 275,500.00 6.195
803 357 350,000.00 348,924.82 12/01/97 2,417.37 72.16 485,000.00 6.195
804 356 279,200.00 278,176.70 11/01/97 1,976.16 80.00 349,000.00 6.445
805 357 73,000.00 72,758.54 12/01/97 485.67 79.35 92,000.00 5.820
806 357 129,600.00 129,191.92 12/01/97 884.10 80.00 162,000.00 6.070
807 355 142,500.00 141,877.05 11/01/97 972.11 95.00 150,000.00 6.070
808 357 388,000.00 386,910.74 12/01/97 2,614.03 80.00 485,000.00 6.070
809 357 358,550.00 357,448.57 12/01/97 2,476.42 65.19 550,000.00 6.195
810 359 318,000.00 317,413.94 02/01/98 2,196.35 79.50 400,000.00 6.195
811 358 125,000.00 124,659.14 01/01/98 790.09 78.13 160,000.00 5.320
812 358 370,000.00 369,128.83 01/01/98 2,524.06 64.24 576,000.00 6.070
813 356 214,600.00 210,953.90 12/01/97 1,427.74 78.04 275,000.00 5.820
814 356 184,300.00 183,572.36 11/01/97 1,257.26 95.00 194,000.00 6.070
815 357 124,000.00 123,599.77 12/01/97 835.42 80.00 155,000.00 5.945
816 358 130,400.00 130,035.73 01/01/98 813.53 71.65 182,000.00 5.195
817 357 156,600.00 156,068.46 12/01/97 1,028.76 89.49 175,000.00 5.695
818 357 127,400.00 126,935.53 12/01/97 805.26 79.98 159,280.00 5.320
819 356 81,900.00 81,503.65 11/01/97 558.71 90.00 91,000.00 6.070
820 355 130,150.00 129,567.29 11/01/97 887.86 95.00 137,000.00 6.070
821 357 126,600.00 126,162.70 12/01/97 863.64 79.13 160,000.00 6.070
822 356 116,000.00 115,652.40 12/01/97 811.09 74.84 155,000.00 6.320
823 358 377,600.00 376,732.72 01/01/98 2,607.99 80.00 472,000.00 6.195
824 357 248,000.00 246,730.75 12/01/97 1,712.88 77.50 320,000.00 6.195
825 356 468,000.00 466,526.35 12/01/97 3,192.59 80.00 585,000.00 6.070
</TABLE>
D-125
<PAGE>
<TABLE>
<CAPTION>
Lender
Property Paid CD pledge CD Convert- POOL-OUT
Type Occ MI (Y/N) Loan (Y/N) Amount ible Purp POOL-OUT
GROUP II LOANS
Loannum Outpool Conv-Y/N
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
766 1 1 N N N 3 0002 580,253 5973557 0 5973557 0002 N
767 1 1 N N N 2 0002 1,047,893 5973565 0 5973565 0002 N
768 1 1 N N N 3 0002 435,056 5973623 0 5973623 0002 N
769 1 1 N N N 2 0002 906,905 5973680 0 5973680 0002 N
770 1 1 N N N 1 0002 1,729,271 5973912 0 5973912 0002 N
771 1 1 N N Y 1 0002 1,023,139 5973995 0 5973995 0002 Y
772 1 1 N N N 3 0002 8,830,407 5974100 0 5974100 0002 N
773 1 1 N N N 1 0002 1,097,330 5974191 0 5974191 0002 N
774 1 1 N N Y 1 0002 3,345,173 5974225 0 5974225 0002 Y
775 1 1 N N N 2 0002 617,114 5974258 0 5974258 0002 N
776 1 1 N N N 1 0002 733,834 5974290 0 5974290 0002 N
777 1 1 N N N 1 0002 1,270,686 5974340 0 5974340 0002 N
778 1 1 N N N 3 0002 1,210,490 5974381 0 5974381 0002 N
779 1 1 N N N 1 0002 2,179,294 5974407 0 5974407 0002 N
780 1 1 N N N 1 0002 1,029,470 5974456 0 5974456 0002 N
781 1 1 N Y 5,500.00 N 1 0002 1,331,195 5974670 0 5974670 0002 N
782 1 1 N N N 1 0002 826,962 5974688 0 5974688 0002 N
783 1 1 N N N 3 0002 1,126,497 5974803 0 5974803 0002 N
784 1 1 N N N 2 0002 2,016,340 5974985 0 5974985 0002 N
785 1 1 N N N 2 0002 938,747 5975313 0 5975313 0002 N
786 3 1 N N N 1 0002 1,263,011 5975362 0 5975362 0002 N
787 1 1 N N N 2 0002 2,270,103 5975644 0 5975644 0002 N
788 1 1 N N N 1 0002 414,466 5975651 0 5975651 0002 N
789 1 1 N N N 1 0002 870,629 5975826 0 5975826 0002 N
790 1 1 N N N 1 0002 1,200,352 5976006 0 5976006 0002 N
791 3 1 N N N 1 0002 815,228 5976196 0 5976196 0002 N
792 1 1 N N N 1 0002 1,258,912 5976402 0 5976402 0002 N
793 1 1 N N N 1 0002 2,581,694 5976881 0 5976881 0002 N
794 1 1 N N N 2 0002 1,618,108 5977210 0 5977210 0002 N
795 1 1 N N N 1 0002 882,492 5977392 0 5977392 0002 N
796 2 1 N N N 3 0002 600,846 5977467 0 5977467 0002 N
797 1 1 N N N 3 0002 938,345 5977475 0 5977475 0002 N
798 2 1 N N N 1 0002 2,194,433 5977517 0 5977517 0002 N
799 1 1 N N N 2 0002 3,579,260 5977566 0 5977566 0002 N
800 1 1 N N N 1 0002 1,121,517 5977616 0 5977616 0002 N
801 1 1 N N N 1 0002 2,596,203 5977749 0 5977749 0002 N
802 1 1 N N N 3 0002 1,361,163 5978358 0 5978358 0002 N
803 1 1 N N N 1 0002 2,161,589 5978374 0 5978374 0002 N
804 1 1 N N N 1 0002 1,792,849 5978382 0 5978382 0002 N
805 3 1 N N N 2 0002 423,455 5978457 0 5978457 0002 N
806 1 1 N N N 2 0002 784,195 5979299 0 5979299 0002 N
807 1 1 N N N 1 0002 861,194 5979497 0 5979497 0002 N
808 1 1 N N N 2 0002 2,348,548 5979604 0 5979604 0002 N
809 1 1 N N N 2 0002 2,214,394 5979620 0 5979620 0002 N
810 1 1 N N N 2 0002 1,966,379 5979646 0 5979646 0002 N
811 1 1 N N N 2 0002 663,187 5979778 0 5979778 0002 N
812 1 1 N N N 3 0002 2,240,612 5979844 0 5979844 0002 N
813 1 1 N N N 2 0002 1,227,752 5979919 0 5979919 0002 N
814 2 1 N N N 1 0002 1,114,284 5979935 0 5979935 0002 N
815 1 1 N N N 1 0002 734,801 5980214 0 5980214 0002 N
816 1 1 N N N 2 0002 675,536 5980230 0 5980230 0002 N
817 1 1 N N N 2 0002 888,810 5980412 0 5980412 0002 N
818 1 1 N N N 1 0002 675,297 5980552 0 5980552 0002 N
819 1 1 N N N 1 0002 494,727 5980669 0 5980669 0002 N
820 1 1 N N N 1 0002 786,473 5980719 0 5980719 0002 N
821 1 1 N N N 2 0002 765,808 5980727 0 5980727 0002 N
822 1 1 N N N 2 0002 730,923 5981071 0 5981071 0002 N
823 1 1 N N N 2 0002 2,333,859 5981253 0 5981253 0002 N
824 1 1 N N N 2 0002 1,528,497 5981295 0 5981295 0002 N
825 1 1 N N N 3 0002 2,831,815 5981303 0 5981303 0002 N
</TABLE>
D-126
<PAGE>
<TABLE>
<CAPTION>
Maximum Minimum Original
Loan-no City State Zip Index Margin Int rate Int rate Term
GROUP II LOANS
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
826 5981311 TOWSON MD 21204 01 3.000 13.250 3.000 360
827 5981451 PALATINE IL 60055 01 3.000 13.375 3.000 360
828 5981774 ROXBURY NJ 7850 01 3.000 13.250 3.000 360
829 5981923 GLEN RIDGE NJ 7028 01 3.000 13.500 3.000 360
830 5981931 HAWORTH NJ 7641 01 3.000 13.250 3.000 360
831 5982079 GREENSBORO NC 27410 01 3.000 13.125 3.000 360
832 5982129 NORTHFIELD NJ 8255 01 3.000 13.375 3.000 360
833 5982202 HOBOKEN NJ 7030 01 3.000 14.000 3.000 360
834 5982327 WESTMINSTER MD 21157 01 3.000 13.375 3.000 360
835 5982475 BURKE VA 22015 01 3.000 13.250 3.000 360
836 5982798 MADISON NJ 7940 01 3.000 12.750 3.000 360
837 5982814 MOUNT HOLLY NC 28120 01 3.000 13.000 3.000 360
838 5982897 MOORESVILLE NC 28115 01 3.000 12.875 3.000 360
839 5982913 EXTON PA 19341 01 3.000 13.125 3.000 360
840 5983176 KENSINGTON MD 20895 01 3.000 13.125 3.000 360
841 5983200 COLUMBIA MD 21045 01 3.000 13.125 3.000 360
842 5983242 CLAYTON GA 30525 01 3.000 13.500 3.000 360
843 5983259 GLENWOOD MD 21738 01 3.000 13.375 3.000 360
844 5983267 UPPER MONTC NJ 7043 01 3.000 13.125 3.000 360
845 5983333 WASHINGTON NJ 7675 01 3.000 13.125 3.000 360
846 5983358 RICHMOND VA 23226 01 3.000 13.375 3.000 360
847 5983457 NEWTON CT 6470 01 3.000 13.000 3.000 360
848 5983549 ELLICOTT CI MD 21042 01 3.000 13.125 3.000 360
849 5983580 TIMONIUM MD 21093 01 3.000 13.000 3.000 360
850 5983598 LARCHMONT NY 10538 01 3.000 13.250 3.000 360
851 5983911 BETHESDA MD 20817 01 3.000 13.375 3.000 360
852 5984083 GREENSBORO NC 27410 01 3.000 12.875 3.000 360
853 5984539 NEW WINDSOR MD 21776 01 3.000 13.000 3.000 360
854 5984588 CROWNSVILLE MD 21032 01 3.000 13.125 3.000 360
855 5984661 GERMANTOWN MD 20874 01 3.000 13.250 3.000 360
856 5984844 ARBUTUS MD 21227 01 3.000 13.125 3.000 360
857 5984893 WASHINGTON DC 20009 01 3.000 13.125 3.000 360
858 5984992 KERNERSVILL NC 27284 01 3.000 12.375 3.000 360
859 5985221 ANNAPOLIS MD 21403 01 3.000 13.375 3.000 360
860 5985262 BOONTON NJ 7005 01 3.000 13.000 3.000 360
861 5985270 AMAWALK NY 10501 01 3.000 13.250 3.000 360
862 5985296 OAKLAND NJ 7436 01 3.000 13.250 3.000 360
863 5985353 FREDERICK MD 21701 01 3.000 12.875 3.000 360
864 5985445 MADISON BOR NJ 7940 01 3.000 13.250 3.000 360
865 5985502 FAIRFAX VA 22033 01 3.000 13.125 3.000 360
866 5985528 GERMANTOWN MD 20876 01 3.000 13.125 3.000 360
867 5985676 MANASSAS VA 20112 01 3.000 13.125 3.000 360
868 5985809 NORWALK CT 6851 01 3.000 13.125 3.000 360
869 5986146 WEST WHITEL PA 19380 01 3.000 12.875 3.000 360
870 5986435 RESTON VA 20191 01 3.000 13.375 3.000 360
871 5986567 SUCCASUNNA NJ 7878 01 3.000 13.375 3.000 360
872 5986641 ANNAPOLIS MD 21401 01 3.000 13.000 3.000 360
873 5986971 ARLINGTON VA 22207 01 3.000 12.750 3.000 360
874 5987052 FAIRFAX STA VA 22039 01 3.000 13.250 3.000 360
</TABLE>
D-127
<PAGE>
<TABLE>
<CAPTION>
Original 03/01/98 Orig-
Remaining Principal Principal 1st due 03/01/98 inal Appraised Net
Term Bal Bal date p&i LTV Value Mtg Rate
GROUP II LOANS
<S> <C> <C> <C> <C> <C> <C> <C> <C>
826 357 247,500.00 246,720.66 12/01/97 1,688.39 75.00 330,000.00 6.070
827 356 110,000.00 109,576.28 11/01/97 759.75 80.00 137,500.00 6.195
828 358 124,000.00 123,708.04 01/01/98 845.90 87.32 142,000.00 6.070
829 358 262,000.00 261,412.99 01/01/98 1,831.95 80.00 327,500.00 6.320
830 357 145,000.00 143,525.17 12/01/97 989.16 68.08 213,000.00 6.070
831 357 105,500.00 105,159.49 12/01/97 710.78 78.73 134,000.00 5.945
832 358 155,000.00 154,571.07 01/01/98 1,070.55 95.00 155,000.00 6.195
833 358 300,000.00 299,392.07 01/01/98 2,201.30 77.92 385,000.00 6.820
834 358 161,600.00 161,228.81 01/01/98 1,116.14 80.00 202,000.00 6.195
835 357 183,200.00 182,623.13 12/01/97 1,249.75 80.00 229,000.00 6.070
836 358 426,000.00 424,893.46 01/01/98 2,763.03 77.45 550,000.00 5.570
837 357 127,750.00 127,179.31 12/01/97 849.93 94.99 134,490.00 5.820
838 357 153,600.00 153,079.35 12/01/97 1,009.05 80.00 192,000.00 5.695
839 358 98,500.00 98,262.27 01/01/98 663.62 38.63 255,000.00 5.945
840 358 154,000.00 153,628.34 01/01/98 1,037.53 78.97 195,000.00 5.945
841 358 161,250.00 160,860.83 01/01/98 1,086.38 75.00 215,000.00 5.945
842 358 279,500.00 278,873.80 01/01/98 1,954.31 65.00 430,000.00 6.320
843 357 500,000.00 497,954.79 12/01/97 3,453.38 71.43 700,000.00 6.195
844 357 170,000.00 169,451.37 12/01/97 1,145.32 56.67 300,000.00 5.945
845 358 172,500.00 172,083.69 01/01/98 1,162.17 75.00 230,000.00 5.945
846 358 353,600.00 352,787.84 01/01/98 2,442.23 80.00 442,000.00 6.195
847 358 189,000.00 188,532.50 01/01/98 1,257.43 78.75 240,000.00 5.820
848 357 214,600.00 213,705.63 12/01/97 1,445.80 78.04 275,000.00 5.945
849 358 158,000.00 157,609.19 01/01/98 1,051.18 80.00 197,500.00 5.820
850 357 350,000.00 349,175.92 01/01/98 2,387.62 31.82 1,100,000.00 6.070
851 358 655,000.00 653,495.57 01/01/98 4,523.93 70.81 925,000.00 6.195
852 357 114,000.00 113,613.60 12/01/97 748.90 95.00 120,000.00 5.695
853 358 108,800.00 108,530.89 01/01/98 723.85 80.00 136,000.00 5.820
854 358 285,000.00 284,312.19 01/01/98 1,920.10 75.00 380,000.00 5.945
855 358 252,800.00 252,204.76 01/01/98 1,724.55 80.00 316,000.00 6.070
856 356 103,100.00 102,767.24 12/01/97 694.61 79.98 128,900.00 5.945
857 358 214,600.00 214,082.10 01/01/98 1,445.80 72.75 295,000.00 5.945
858 358 130,000.00 129,636.84 01/01/98 811.04 86.09 151,000.00 5.195
859 358 116,800.00 116,531.73 01/01/98 806.71 80.00 146,000.00 6.195
860 359 296,000.00 295,513.32 02/01/98 1,969.30 80.00 370,000.00 5.820
861 358 255,200.00 254,599.12 01/01/98 1,740.92 80.00 319,000.00 6.070
862 359 160,000.00 159,749.60 02/01/98 1,091.49 80.00 200,000.00 6.070
863 358 122,500.00 122,189.47 01/01/98 804.74 76.09 161,000.00 5.695
864 358 300,000.00 299,218.28 01/01/98 2,046.53 60.00 500,000.00 6.070
865 358 192,800.00 192,334.70 01/01/98 1,298.93 80.00 241,000.00 5.945
866 357 76,000.00 75,754.71 12/01/97 512.03 86.36 88,000.00 5.945
867 357 139,000.00 138,664.54 01/01/98 936.47 63.04 220,500.00 5.945
868 358 130,000.00 129,686.26 01/01/98 875.84 56.52 230,000.00 5.945
869 357 122,500.00 122,084.77 12/01/97 804.74 94.96 129,000.00 5.695
870 357 265,800.00 264,983.48 12/01/97 1,835.82 89.94 295,530.00 6.195
871 357 160,000.00 159,508.45 12/01/97 1,105.09 78.05 205,000.00 6.195
872 356 540,000.00 538,213.89 12/01/97 3,592.64 54.00 1,000,000.00 5.820
873 358 118,400.00 118,092.43 01/01/98 767.95 80.00 148,000.00 5.570
874 358 356,000.00 355,161.81 01/01/98 2,428.55 68.46 520,000.00 6.070
</TABLE>
D-128
<PAGE>
<TABLE>
<CAPTION>
Lender
Property Paid CD pledge CD Convert- POOL-OUT
Type Occ MI (Y/N) Loan (Y/N) Amount ible Purp POOL-OUT
GROUP II LOANS
Loannum Outpool Conv-Y/N
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
826 1 1 N N N 2 0002 1,497,594 5981311 0 5981311 0002 N
827 3 1 N N N 1 0002 678,825 5981451 0 5981451 0002 N
828 1 1 N N N 2 0002 750,908 5981774 0 5981774 0002 N
829 1 1 N N N 1 0002 1,652,130 5981923 0 5981923 0002 N
830 1 1 N N N 2 0002 871,198 5981931 0 5981931 0002 N
831 1 1 N N N 3 0002 625,173 5982079 0 5982079 0002 N
832 1 1 N Y 7,750.00 N 1 0002 957,568 5982129 0 5982129 0002 N
833 5 1 N N N 2 0002 2,041,854 5982202 0 5982202 0002 N
834 1 1 N N N 2 0002 998,812 5982327 0 5982327 0002 N
835 1 1 N N N 2 0002 1,108,522 5982475 0 5982475 0002 N
836 1 1 N N N 2 0002 2,366,657 5982798 0 5982798 0002 N
837 1 1 N N N 1 0002 740,184 5982814 0 5982814 0002 N
838 1 1 N N N 1 0002 871,787 5982897 0 5982897 0002 N
839 1 1 N N N 2 0002 584,169 5982913 0 5982913 0002 N
840 1 1 N N N 2 0002 913,320 5983176 0 5983176 0002 N
841 1 1 N N N 3 0002 956,318 5983200 0 5983200 0002 N
842 1 1 N N N 3 0002 1,762,482 5983242 0 5983242 0002 N
843 1 1 N N N 3 0002 3,084,830 5983259 0 5983259 0002 N
844 1 1 N N N 2 0002 1,007,388 5983267 0 5983267 0002 N
845 3 1 N N N 1 0002 1,023,038 5983333 0 5983333 0002 N
846 1 1 N N N 2 0002 2,185,521 5983358 0 5983358 0002 N
847 1 1 N N N 1 0002 1,097,259 5983457 0 5983457 0002 N
848 1 1 N N N 2 0002 1,270,480 5983549 0 5983549 0002 N
849 2 1 N N N 2 0002 917,285 5983580 0 5983580 0002 N
850 1 1 N N N 2 0002 2,119,498 5983598 0 5983598 0002 N
851 1 1 N N N 2 0002 4,048,405 5983911 0 5983911 0002 N
852 1 1 N N N 1 0002 647,029 5984083 0 5984083 0002 N
853 1 1 N N N 3 0002 631,650 5984539 0 5984539 0002 N
854 1 1 N N N 3 0002 1,690,236 5984588 0 5984588 0002 N
855 1 1 N N N 2 0002 1,530,883 5984661 0 5984661 0002 N
856 1 1 N N N 1 0002 610,951 5984844 0 5984844 0002 N
857 2 1 N N N 2 0002 1,272,718 5984893 0 5984893 0002 N
858 1 1 N N N 1 0002 673,463 5984992 0 5984992 0002 N
859 1 1 N N N 2 0002 721,914 5985221 0 5985221 0002 N
860 1 1 N N N 1 0002 1,719,888 5985262 0 5985262 0002 N
861 1 1 N N Y 1 0002 1,545,417 5985270 0 5985270 0002 Y
862 1 1 N N N 3 0002 969,680 5985296 0 5985296 0002 N
863 1 1 N N N 2 0002 695,869 5985353 0 5985353 0002 N
864 1 1 N N N 3 0002 1,816,255 5985445 0 5985445 0002 N
865 1 1 N N N 2 0002 1,143,430 5985502 0 5985502 0002 N
866 3 1 N N N 2 0002 450,362 5985528 0 5985528 0002 N
867 1 1 N N N 2 0002 824,361 5985676 0 5985676 0002 N
868 1 1 N N N 1 0002 770,985 5985809 0 5985809 0002 N
869 2 1 N N N 1 0002 695,273 5986146 0 5986146 0002 N
870 1 1 N N N 1 0002 1,641,573 5986435 0 5986435 0002 N
871 1 1 N N N 1 0002 988,155 5986567 0 5986567 0002 N
872 1 1 N N N 2 0002 3,132,405 5986641 0 5986641 0002 N
873 2 1 N N N 1 0002 657,775 5986971 0 5986971 0002 N
874 1 1 N N N 2 0002 2,155,832 5987052 0 5987052 0002 N
</TABLE>
D-129
<PAGE>
<TABLE>
<CAPTION>
Maximum Minimum Original
Loan-no City State Zip Index Margin Int rate Int rate Term
GROUP II LOANS
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
875 5987615 NEWTON MA 2164 01 3.000 13.250 3.000 360
876 5987672 CLIFTON NJ 7013 01 3.000 12.875 3.000 360
877 5987714 DENVILLE NJ 7834 01 3.000 13.125 3.000 360
878 5987730 WASHINGTON DC 20012 01 3.000 13.000 3.000 360
879 5987797 WASHINGTON DC 20009 01 3.000 13.125 3.000 360
880 5988019 YORKTOWN VA 23693 01 3.000 12.750 3.000 360
881 5988159 WASHINGTON DC 20009 01 3.000 13.250 3.000 360
882 5988183 TOWN OF EAS NY 10708 01 3.000 13.500 3.000 360
883 5988225 CHARLOTTE NC 28270 01 3.000 13.000 3.000 360
884 5988472 GAITHERSBUR MD 20879 01 3.000 13.250 3.000 360
885 5988902 TIMONIUM MD 21093 01 3.000 13.250 3.000 360
886 5988969 LEXINGTON MA 2173 01 3.000 13.250 3.000 360
887 5989090 SPARTA NJ 7871 01 3.000 13.625 3.000 360
888 5989207 BALTIMORE MD 21204 01 3.000 13.375 3.000 360
889 5989322 STERLING VA 20164 01 3.000 13.500 3.000 360
890 5989454 FAIRFAX VA 22033 01 3.000 12.625 3.000 360
891 5989660 SILVER SPRI MD 20910 01 3.000 13.125 3.000 360
892 5989827 MITCHELLVIL MD 20721 01 3.000 12.250 3.000 360
893 5990361 COLUMBIA MD 21045 01 3.000 13.375 3.000 360
894 5990890 SUMERDUCK VA 22742 01 3.000 12.500 3.000 360
895 5990916 ALEXANDRIA VA 22315 01 3.000 12.375 3.000 360
896 5991211 GREENWICH CT 6830 01 3.000 12.375 3.000 360
897 5991245 JEFFERSON NJ 7849 01 3.000 12.250 3.000 360
898 5991443 NORTH POTOM MD 20880 01 3.000 13.375 3.000 360
899 5991633 COCKEYSVILL MD 21030 01 3.000 13.125 3.000 360
900 5991732 DURHAM NC 27703 01 3.000 12.750 3.000 360
901 5992920 RALEIGH NC 27604 01 3.000 13.000 3.000 360
902 5992946 LAUREL MD 20723 01 3.000 13.125 3.000 360
903 5992979 NEWNAN GA 30265 01 3.000 12.750 3.000 360
904 5993159 RICHMOND VA 23220 01 3.000 12.625 3.000 360
905 5993183 KENSINGTON MD 20895 01 3.000 13.125 3.000 360
906 5993209 GERMANTOWN MD 20876 01 3.000 13.000 3.000 360
907 5993233 MARIETTA GA 30062 01 3.000 12.750 3.000 360
908 5993241 ALPHARETTA GA 30202 01 3.000 12.750 3.000 360
909 5993340 WEXFORD PA 15090 01 3.000 13.250 3.000 360
910 5993498 WASHINGTON DC 20007 01 3.000 12.875 3.000 360
911 5993621 BOWIE MD 20720 01 3.000 12.625 3.000 360
912 5993696 MATTHEWS NC 28105 01 3.000 12.875 3.000 360
913 5993936 WESTMINSTER MD 21157 01 3.000 13.250 3.000 360
914 5994009 CLIFTON VA 20124 01 3.000 13.375 3.000 360
915 5994033 KANNAPOLIS NC 28081 01 3.000 13.000 3.000 360
916 5994108 WASHINGTON DC 20015 01 3.000 13.375 3.000 360
917 5994140 WHEELING IL 60090 01 3.000 13.250 3.000 360
918 5994280 COLUMBIA MD 21045 01 3.000 13.125 3.000 360
919 5994702 GREAT FALLS VA 22066 01 3.000 13.375 3.000 360
920 5994843 BURTONSVILL MD 20866 01 3.000 13.250 3.000 360
921 5994884 BEL AIR MD 21014 01 3.000 13.125 3.000 360
922 5994934 ALEXANDRIA VA 22315 01 3.000 13.250 3.000 360
923 5994942 BERRYVILLE VA 22611 01 3.000 13.250 3.000 360
924 5995055 WOOD-RIDGE NJ 7075 01 3.000 13.250 3.000 360
925 5995071 PARISIPPANY NJ 7054 01 3.000 12.500 3.000 360
926 5995220 DULUTH GA 30097 01 3.000 13.250 3.000 360
927 5995337 CHARLOTTE NC 28215 01 3.000 13.125 3.000 360
928 5995543 CHEVY CHASE MD 20815 01 3.000 12.500 3.000 360
929 5995758 RUMSON NJ 7760 01 3.000 13.250 3.000 360
930 5996434 LEESBURG VA 20175 01 3.000 13.500 3.000 360
931 5996491 RICHMOND VA 23233 01 3.000 12.250 3.000 360
932 5996525 MITCHELVILL MD 20721 01 3.000 12.625 3.000 360
933 5996541 LOWER MERIO PA 19072 01 3.000 13.500 3.000 360
934 5996590 FAIRFAX VA 22032 01 3.000 13.750 3.000 360
</TABLE>
D-130
<PAGE>
<TABLE>
<CAPTION>
Original 03/01/98 Orig-
Remaining Principal Principal 1st due 03/01/98 inal Appraised Net
Term Bal Bal date p&i LTV Value Mtg Rate
GROUP II LOANS
<S> <C> <C> <C> <C> <C> <C> <C> <C>
875 359 161,000.00 160,680.34 02/01/98 1,098.31 74.99 214,700.00 6.070
876 358 170,000.00 169,569.08 01/01/98 1,116.78 87.18 195,000.00 5.695
877 359 126,000.00 125,797.88 02/01/98 848.89 90.00 140,000.00 5.945
878 357 135,900.00 135,450.49 12/01/97 904.15 79.99 169,900.00 5.820
879 358 351,000.00 350,152.90 01/01/98 2,364.76 90.00 390,000.00 5.945
880 358 160,000.00 159,584.40 01/01/98 1,037.76 75.47 212,000.00 5.570
881 358 138,000.00 137,764.03 02/01/98 941.41 75.00 184,000.00 6.070
882 359 280,000.00 279,583.08 02/01/98 1,957.81 80.00 350,000.00 6.320
883 357 410,000.00 408,643.86 12/01/97 2,727.75 74.55 550,000.00 5.820
884 358 171,200.00 170,696.30 01/01/98 1,167.89 80.00 214,000.00 6.070
885 357 135,000.00 134,682.15 01/01/98 920.94 75.00 180,000.00 6.070
886 358 255,000.00 254,600.95 02/01/98 1,739.55 72.86 350,000.00 6.070
887 358 240,000.00 239,475.56 01/01/98 1,698.71 75.02 319,900.00 6.445
888 359 280,000.00 279,572.55 02/01/98 1,933.90 80.00 350,000.00 6.195
889 360 168,800.00 168,674.72 03/01/98 1,180.28 80.00 211,000.00 6.320
890 358 188,000.00 187,616.78 02/01/98 1,203.79 80.00 235,000.00 5.445
891 358 138,000.00 137,666.94 01/01/98 929.74 80.00 172,500.00 5.945
892 358 199,500.00 198,914.07 01/01/98 1,228.36 95.00 210,000.00 5.070
893 360 153,000.00 152,883.57 03/01/98 1,056.74 94.44 162,000.00 6.195
894 359 135,000.00 134,554.16 02/01/98 853.30 75.00 180,000.00 5.320
895 357 193,500.00 192,777.39 12/01/97 1,207.19 90.00 215,000.00 5.195
896 357 636,000.00 634,223.38 01/01/98 3,967.82 80.00 795,000.00 5.195
897 359 200,000.00 199,619.47 02/01/98 1,231.44 60.62 329,900.00 5.070
898 358 207,100.00 206,624.32 01/01/98 1,430.39 95.00 218,000.00 6.195
899 358 750,000.00 748,796.91 02/01/98 5,052.89 50.51 1,485,000.00 5.945
900 358 114,050.00 113,753.74 01/01/98 739.73 79.98 142,600.00 5.570
901 358 268,000.00 267,337.08 01/01/98 1,783.02 80.00 335,000.00 5.820
902 359 215,000.00 214,650.01 02/01/98 1,448.50 76.79 280,000.00 5.945
903 358 116,400.00 116,097.65 01/01/98 754.97 80.00 145,500.00 5.570
904 358 142,000.00 141,622.05 01/01/98 909.25 76.76 185,000.00 5.445
905 359 136,000.00 135,781.83 02/01/98 916.26 79.53 171,000.00 5.945
906 358 96,000.00 95,842.14 02/01/98 638.70 80.00 120,000.00 5.820
907 357 76,000.00 75,802.57 01/01/98 492.94 49.03 155,000.00 5.570
908 358 214,600.00 213,538.05 01/01/98 1,391.90 69.23 310,000.00 5.570
909 358 483,470.00 482,331.68 01/01/98 3,298.12 69.97 691,000.00 6.070
910 358 198,400.00 197,897.08 01/01/98 1,303.35 80.00 248,000.00 5.695
911 359 161,000.00 160,715.10 02/01/98 1,030.91 95.00 161,000.00 5.445
912 358 185,300.00 184,987.75 02/01/98 1,217.29 79.99 231,650.00 5.695
913 358 261,000.00 258,986.71 02/01/98 1,780.49 70.54 370,000.00 6.070
914 358 234,000.00 233,462.54 01/01/98 1,616.18 79.32 295,000.00 6.195
915 359 156,550.00 156,292.59 02/01/98 1,041.54 82.98 188,665.00 5.820
916 359 376,800.00 376,224.80 02/01/98 2,602.47 80.00 471,000.00 6.195
917 358 161,500.00 160,917.92 01/01/98 1,101.72 83.90 192,500.00 6.070
918 358 156,750.00 156,498.54 02/01/98 1,056.06 95.00 165,000.00 5.945
919 358 240,000.00 239,448.77 01/01/98 1,657.62 55.81 430,000.00 6.195
920 357 175,200.00 174,787.47 01/01/98 1,195.18 80.00 219,000.00 6.070
921 358 138,750.00 138,415.14 01/01/98 934.79 79.29 175,000.00 5.945
922 358 185,850.00 185,412.41 01/01/98 1,267.83 84.48 220,000.00 6.070
923 358 95,200.00 94,975.87 01/01/98 649.43 80.00 119,000.00 6.070
924 360 160,000.00 159,875.18 03/01/98 1,091.49 78.05 205,000.00 6.070
925 358 156,000.00 155,574.62 01/01/98 986.03 57.78 270,000.00 5.320
926 358 148,900.00 148,549.39 01/01/98 1,015.77 90.00 165,446.00 6.070
927 357 158,650.00 158,267.10 01/01/98 1,068.86 95.00 167,000.00 5.945
928 359 172,000.00 171,688.17 02/01/98 1,087.16 80.00 215,000.00 5.320
929 359 208,000.00 207,674.50 02/01/98 1,418.93 74.29 280,000.00 6.070
930 58 280,000.00 279,372.69 01/01/98 1,957.80 70.00 400,000.00 6.320
931 359 360,000.00 359,315.04 02/01/98 2,216.59 80.00 450,000.00 5.070
932 359 207,100.00 206,733.54 02/01/98 1,326.09 95.00 218,000.00 5.445
933 359 315,750.00 315,279.87 02/01/98 2,207.77 75.00 421,000.00 6.320
934 359 160,000.00 159,773.41 02/01/98 1,146.26 80.00 200,000.00 6.570
</TABLE>
D-131
<PAGE>
<TABLE>
<CAPTION>
Lender
Property Paid CD pledge CD Convert- POOL-OUT
Type Occ MI (Y/N) Loan (Y/N) Amount ible Purp POOL-OUT
GROUP II LOANS
Loannum Outpool Conv-Y/N
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
875 1 1 N N N 2 0002 975,330 5987615 0 5987615 0002 N
876 1 1 N N N 1 0002 965,696 5987672 0 5987672 0002 N
877 1 1 N N N 1 0002 747,868 5987714 0 5987714 0002 N
878 1 1 N N N 1 0002 788,322 5987730 0 5987730 0002 N
879 1 1 N N N 1 0002 2,081,659 5987797 0 5987797 0002 N
880 1 1 N N N 1 0002 888,885 5988019 0 5988019 0002 N
881 3 1 N N N 1 0002 836,228 5988159 0 5988159 0002 N
882 1 1 N N N 2 0002 1,766,965 5988183 0 5988183 0002 N
883 1 1 N N N 1 0002 2,378,307 5988225 0 5988225 0002 N
884 1 1 N N N 3 0002 1,036,127 5988472 0 5988472 0002 N
885 2 1 N N N 3 0002 817,521 5988902 0 5988902 0002 N
886 1 1 N N N 2 0002 1,545,428 5988969 0 5988969 0002 N
887 1 1 N N Y 1 0002 1,543,420 5989090 0 5989090 0002 Y
888 1 1 N N N 1 0002 1,731,952 5989207 0 5989207 0002 N
889 1 1 N N N 2 0002 1,066,024 5989322 0 5989322 0002 N
890 1 1 N N N 1 0002 1,021,573 5989454 0 5989454 0002 N
891 1 1 N N N 3 0002 818,430 5989660 0 5989660 0002 N
892 1 1 N N N 1 0002 1,008,494 5989827 0 5989827 0002 N
893 3 1 N N N 2 0002 947,114 5990361 0 5990361 0002 N
894 1 1 N N N 3 0002 715,828 5990890 0 5990890 0002 N
895 2 1 N N N 1 0002 1,001,479 5990916 0 5990916 0002 N
896 1 1 N N N 1 0002 3,294,790 5991211 0 5991211 0002 N
897 1 1 N N N 1 0002 1,012,071 5991245 0 5991245 0002 N
898 1 1 N N N 1 0002 1,280,038 5991443 0 5991443 0002 N
899 1 1 N N N 1 0002 4,451,598 5991633 0 5991633 0002 N
900 1 1 N N N 1 0002 633,608 5991732 0 5991732 0002 N
901 1 1 N N N 3 0002 1,555,902 5992920 0 5992920 0002 N
902 1 1 N N N 2 0002 1,276,094 5992946 0 5992946 0002 N
903 1 1 N N N 3 0002 646,664 5992979 0 5992979 0002 N
904 5 1 N N N 1 0002 771,132 5993159 0 5993159 0002 N
905 1 1 N N N 2 0002 807,223 5993183 0 5993183 0002 N
906 2 1 N N N 2 0002 557,801 5993209 0 5993209 0002 N
907 1 1 N N N 3 0002 422,220 5993233 0 5993233 0002 N
908 1 1 N N N 2 0002 1,189,407 5993241 0 5993241 0002 N
909 1 1 N N N 2 0002 2,927,753 5993340 0 5993340 0002 N
910 1 1 N N N 1 0002 1,127,024 5993498 0 5993498 0002 N
911 2 1 N Y 8,050.00 N 1 0002 875,094 5993621 0 5993621 0002 N
912 1 1 N N N 1 0002 1,053,505 5993696 0 5993696 0002 N
913 1 1 N N N 2 0002 1,572,049 5993936 0 5993936 0002 N
914 1 1 N N N 2 0002 1,446,300 5994009 0 5994009 0002 N
915 1 1 N N N 1 0002 909,623 5994033 0 5994033 0002 N
916 1 1 N N N 2 0002 2,330,713 5994108 0 5994108 0002 N
917 1 1 N N N 1 0002 976,772 5994140 0 5994140 0002 N
918 2 1 N N N 1 0002 930,384 5994280 0 5994280 0002 N
919 1 1 N N N 3 0002 1,483,385 5994702 0 5994702 0002 N
920 1 1 N N N 1 0002 1,060,960 5994843 0 5994843 0002 N
921 1 1 N N N 2 0002 822,878 5994884 0 5994884 0002 N
922 2 1 N N N 2 0002 1,125,453 5994934 0 5994934 0002 N
923 1 1 N N N 1 0002 576,504 5994942 0 5994942 0002 N
924 2 1 N N N 1 0002 970,442 5995055 0 5995055 0002 N
925 1 1 N N N 2 0002 827,657 5995071 0 5995071 0002 N
926 1 1 N N N 1 0002 901,695 5995220 0 5995220 0002 N
927 1 1 N N N 1 0002 940,898 5995337 0 5995337 0002 N
928 1 1 N N N 1 0002 913,381 5995543 0 5995543 0002 N
929 1 1 N N N 2 0002 1,260,584 5995758 0 5995758 0002 N
930 1 1 N N N 3 0002 1,765,635 5996434 0 5996434 0002 N
931 1 1 N N N 1 0002 1,821,727 5996491 0 5996491 0002 N
932 1 1 N N N 1 0002 1,125,664 5996525 0 5996525 0002 N
933 1 1 N N N 3 0002 1,992,569 5996541 0 5996541 0002 N
934 1 1 N N N 3 0002 1,049,711 5996590 0 5996590 0002 N
</TABLE>
D-132
<PAGE>
<TABLE>
<CAPTION>
Maximum Minimum Original
Loan-no City State Zip Index Margin Int rate Int rate Term
GROUP II LOANS
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
935 5997150 LONG GROVE IL 60047 01 3.000 12.625 3.000 360
936 5997556 BALTIMORE MD 21212 01 3.000 12.750 3.000 360
937 5997689 CHARLOTTE NC 28277 01 3.000 13.000 3.000 360
938 5998034 PASADENA MD 21122 01 3.000 13.000 3.000 360
939 5998646 DAVIDSONVIL MD 21035 01 3.000 12.875 3.000 360
940 5998745 CHALFONT PA 18914 01 3.000 13.125 3.000 360
941 5998943 CONOVER NC 28613 01 3.000 13.250 3.000 360
942 5999131 BEVERLY MA 1915 01 3.000 13.375 3.000 360
943 6080105 BRINKLOW MD 20862 05 3.000 uncapped 3.000 360
944 6114805 WASHINGTON DC 20010 05 3.000 uncapped 3.000 360
945 6114946 ALEXANDRIA VA 22314 05 3.000 uncapped 3.000 360
946 6115422 SILVER SPRI MD 20904 05 3.000 uncapped 3.000 360
947 6115786 ALEXANDRIA VA 22314 05 3.500 uncapped 3.500 360
948 6202121 GAITHERSBUR MD 20879 01 3.000 13.875 3.000 360
949 6213565 WASHINGTON DC 20008 01 3.000 13.375 3.000 360
950 6215644 COLUMBIA MD 21044 01 3.000 13.000 3.000 360
951 6216642 FORT WASHIN MD 20744 01 3.000 13.000 3.000 360
952 6218762 BURTONSVILL MD 20866 01 2.750 12.750 2.750 360
953 6220206 UPPER MARLB MD 20772 01 3.000 12.875 3.000 360
954 6244560 TALLAHASSEE FL 32301 01 3.000 13.750 3.000 360
955 6247332 OWINGS MILL MD 21117 01 3.000 13.750 3.000 360
956 6249189 CATHARPIN VA 20143 01 3.000 13.875 3.000 360
957 6249817 SILVER SPRI MD 20906 01 3.000 13.750 3.000 360
958 6250559 ASHBURN VA 20147 01 3.000 13.750 3.000 360
959 6250690 BLOOMFIELD NJ 7003 01 3.000 13.500 3.000 360
960 6250708 GAITHERSBUR MD 20879 01 3.000 13.625 3.000 360
961 6250955 MARLBORO NJ 7751 01 3.000 12.875 3.000 360
962 6251367 FALLS CHURC VA 22046 01 3.000 13.750 3.000 360
963 6251722 BETHESDA MD 20817 01 3.000 13.625 3.000 360
964 6251821 HERNDON VA 22071 01 3.000 13.625 3.000 360
965 6251904 CENTREVILLE VA 22020 01 3.000 13.750 3.000 360
966 6252480 WASHINGTON DC 20009 01 3.000 13.250 3.000 360
967 6252621 ANNANDALE VA 22003 01 3.000 13.500 3.000 360
968 6252639 ROCKVILLE MD 20850 01 3.000 13.500 3.000 360
969 6252829 FREDERICK MD 21702 01 3.000 13.000 3.000 360
970 6253082 CHEVY CHASE MD 20815 01 3.000 13.500 3.000 360
971 6253157 LAPLATA MD 20646 01 3.000 13.500 3.000 360
972 6253397 CRANBERRY T PA 16066 01 3.000 13.375 3.000 360
973 6253413 SAN DIEGO CA 92117 01 3.000 12.750 3.000 360
974 6253827 VIENNA VA 22182 01 3.000 13.750 3.000 360
975 6254049 ELLICOTT CI MD 21042 01 3.000 13.500 3.000 360
976 6254106 PALOS HEIGH IL 60463 01 3.000 13.375 3.000 360
977 6254270 ELDERSBURG MD 21784 01 3.000 13.500 3.000 360
978 6254353 STERLING VA 20165 01 3.000 13.750 3.000 360
979 6254577 BALTIMORE MD 21210 01 3.000 13.250 3.000 360
980 6254668 HOOD RIVER OR 97031 01 3.000 13.625 3.000 360
981 6255178 SILVER SPRI MD 20901 01 3.000 13.375 3.000 360
982 6255442 GILLETTE WY 82718 01 3.000 13.375 3.000 360
983 6255749 DUMFRIES VA 22026 01 3.000 13.375 3.000 360
984 6256424 WASHINGTON DC 20015 01 3.000 13.625 3.000 360
985 6256473 STERLING VA 20165 01 3.000 13.375 3.000 360
986 6257414 WOODBRIDGE VA 22192 01 3.000 13.375 3.000 360
987 6257539 CORCORAN MN 55311 01 3.000 13.250 3.000 360
988 6257653 BETHESDA MD 20817 01 3.000 13.375 3.000 360
989 6258040 PHOENIX MD 21131 01 3.000 13.125 3.000 360
990 6258131 ARNOLD MD 21012 01 3.000 13.625 3.000 360
991 6258313 HOUSTON TX 77027 01 3.000 12.500 3.000 360
992 6258586 DUMFRIES VA 22026 01 3.000 13.625 3.000 360
993 6258776 ASHBURN VA 20147 01 2.875 13.375 2.875 360
994 6258867 SILVER SPRI MD 20904 01 3.000 13.250 3.000 360
</TABLE>
D-133
<PAGE>
<TABLE>
<CAPTION>
Original 03/01/98 Orig-
Remaining Principal Principal 1st due 03/01/98 inal Appraised Net
Term Bal Bal date p&i LTV Value Mtg Rate
GROUP II LOANS
<S> <C> <C> <C> <C> <C> <C> <C> <C>
935 359 583,200.00 582,168.06 02/01/98 3,734.30 80.00 729,000.00 5.445
936 359 193,100.00 192,766.54 02/01/98 1,252.45 74.99 257,500.00 5.570
937 359 176,400.00 176,109.96 02/01/98 1,173.60 79.99 220,539.00 5.820
938 359 207,100.00 206,759.47 02/01/98 1,377.85 95.00 218,000.00 5.820
939 359 288,000.00 287,514.69 02/01/98 1,891.96 80.00 360,000.00 5.695
940 358 121,500.00 121,305.10 02/01/98 818.57 90.00 135,000.00 5.945
941 359 99,000.00 98,845.07 02/01/98 675.36 94.95 99,000.00 6.070
942 359 147,200.00 146,975.29 02/01/98 1,016.68 80.00 184,000.00 6.195
943 182 105,000.00 86,917.51 05/01/83 872.81 72.41 145,000.00 7.695
944 170 135,000.00 108,134.96 04/01/82 1,130.91 75.00 180,000.00 7.820
945 170 68,000.00 54,204.92 05/01/82 578.86 77.71 87,500.00 8.195
946 174 63,750.00 52,684.02 09/01/82 572.14 72.44 88,000.00 8.695
947 180 27,000.00 22,420.41 02/01/83 236.40 75.00 36,000.00 8.445
948 321 172,000.00 166,350.54 12/01/94 1,217.41 82.69 208,000.00 6.445
949 335 179,300.00 175,365.29 02/01/96 1,238.39 35.86 500,000.00 6.195
950 336 161,250.00 157,703.34 03/01/96 1,072.81 75.00 215,000.00 5.820
951 339 156,200.00 153,203.61 06/01/96 1,039.21 86.78 180,000.00 5.820
952 338 115,600.00 113,163.43 05/01/96 749.78 78.64 147,000.00 5.570
953 339 115,500.00 110,884.46 06/01/96 730.04 88.85 130,000.00 5.320
954 351 78,000.00 77,433.12 06/01/97 558.81 86.67 90,000.00 6.570
955 352 133,000.00 132,109.31 07/01/97 952.83 76.66 173,500.00 6.570
956 354 301,500.00 298,580.29 09/01/97 2,186.09 75.00 402,000.00 6.695
957 353 104,200.00 103,598.11 08/01/97 746.51 87.56 119,000.00 6.570
958 354 147,400.00 146,657.44 09/01/97 1,056.00 89.33 165,000.00 6.570
959 359 85,000.00 84,873.43 02/01/98 594.34 57.82 147,000.00 6.320
960 354 138,700.00 137,983.75 09/01/97 981.71 88.91 156,000.00 6.445
961 355 169,000.00 168,135.83 10/01/97 1,110.21 60.14 281,000.00 5.695
962 354 195,400.00 194,415.72 09/01/97 1,399.87 87.62 223,000.00 6.570
963 354 175,000.00 174,096.28 09/01/97 1,238.64 53.85 325,000.00 6.445
964 354 237,000.00 235,776.08 09/01/97 1,677.48 77.45 306,000.00 6.445
965 354 199,350.00 197,938.64 09/01/97 1,428.17 76.67 260,000.00 6.570
966 354 150,000.00 149,165.86 09/01/97 1,023.27 66.67 225,000.00 6.070
967 353 83,350.00 35,880.91 09/01/97 582.80 32.24 258,500.00 6.320
968 354 280,250.00 278,766.49 09/01/97 1,959.55 95.00 295,000.00 6.320
969 355 104,000.00 103,382.51 10/01/97 691.92 85.95 121,000.00 5.820
970 354 267,800.00 266,588.71 10/01/97 1,872.50 56.98 470,000.00 6.320
971 355 164,350.00 163,606.65 10/01/97 1,149.16 95.00 173,000.00 6.320
972 357 120,000.00 118,411.41 01/01/98 828.82 59.35 202,175.00 6.195
973 354 134,000.00 133,178.58 09/01/97 869.13 80.00 167,500.00 5.570
974 355 235,850.00 234,834.96 10/01/97 1,689.66 72.57 325,000.00 6.570
975 355 242,000.00 240,905.43 10/01/97 1,692.10 83.45 290,000.00 6.320
976 355 158,600.00 157,864.63 10/01/97 1,095.42 67.49 235,000.00 6.195
977 355 67,000.00 62,978.85 10/01/97 468.48 51.54 130,000.00 6.320
978 354 180,000.00 179,225.28 10/01/97 1,289.55 68.18 264,000.00 6.570
979 355 102,350.00 101,863.63 10/01/97 698.21 60.56 169,000.00 6.070
980 355 140,000.00 139,382.23 10/01/97 990.92 70.00 200,000.00 6.445
981 355 175,000.00 174,188.61 10/01/97 1,208.69 92.11 190,000.00 6.195
982 355 84,350.00 84,025.09 11/01/97 582.59 55.49 152,000.00 6.195
983 355 122,400.00 121,832.50 10/01/97 845.39 90.00 136,000.00 6.195
984 356 242,250.00 241,362.07 11/01/97 1,714.64 95.00 255,000.00 6.445
985 355 179,200.00 178,369.18 10/01/97 1,237.69 80.00 224,000.00 6.195
986 356 139,000.00 138,464.62 11/01/97 960.04 86.60 160,500.00 6.195
987 356 152,000.00 150,928.96 11/01/97 1,036.91 63.33 240,000.00 6.070
988 356 285,000.00 283,902.25 11/01/97 1,968.43 60.64 470,000.00 6.195
989 356 121,600.00 121,107.94 11/01/97 819.25 64.17 189,500.00 5.945
990 359 282,500.00 282,089.76 02/01/98 1,999.52 67.26 420,000.00 6.445
991 356 100,000.00 99,543.06 11/01/97 632.07 71.43 140,000.00 5.320
992 358 103,000.00 102,774.93 01/01/98 729.03 48.36 213,000.00 6.445
993 356 115,000.00 114,646.72 12/01/97 794.28 88.46 130,000.00 6.195
994 356 88,000.00 87,652.55 11/01/97 600.32 80.00 110,000.00 6.070
</TABLE>
D-134
<PAGE>
<TABLE>
<CAPTION>
Lender
Property Paid CD pledge CD Convert- POOL-OUT
Type Occ MI (Y/N) Loan (Y/N) Amount ible Purp POOL-OUT
GROUP II LOANS
Loannum Outpool Conv-Y/N
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
935 1 1 N N N 1 0002 3,169,905 5997150 0 5997150 0002 N
936 1 1 N N N 1 0002 1,073,710 5997556 0 5997556 0002 N
937 1 1 N N Y 1 0002 1,024,960 5997689 0 5997689 0002 Y
938 1 1 N N N 1 0002 1,203,340 5998034 0 5998034 0002 N
939 1 1 N N N 2 0002 1,637,396 5998646 0 5998646 0002 N
940 2 1 N N N 1 0002 721,159 5998745 0 5998745 0002 N
941 1 1 N Y 5,000.00 N 1 0002 599,990 5998943 0 5998943 0002 N
942 1 1 N N N 3 0002 910,512 5999131 0 5999131 0002 N
943 1 1 N N N 2 0002 668,830 6080105 0 6080105 0002 N
944 2 1 N N N 2 0002 845,615 6114805 0 6114805 0002 N
945 2 1 N N N 2 0002 444,209 6114946 0 6114946 0002 N
946 1 1 N N N 2 0002 458,088 6115422 0 6115422 0002 N
947 3 1 N N N 2 0002 189,340 6115786 0 6115786 0002 N
948 1 1 N N Y 2 0002 1,072,129 6202121 0 6202121 0002 Y
949 1 1 N N N 2 0002 1,086,388 6213565 0 6213565 0002 N
950 1 1 N N N 3 0002 917,833 6215644 0 6215644 0002 N
951 1 1 N N N 2 0002 891,645 6216642 0 6216642 0002 N
952 2 1 N N N 2 0002 630,320 6218762 0 6218762 0002 N
953 1 1 N N N 2 0002 589,905 6220206 0 6220206 0002 N
954 1 1 N N N 2 0002 508,736 6244560 0 6244560 0002 N
955 1 1 N N N 2 0002 867,958 6247332 0 6247332 0002 N
956 1 1 N N N 3 0002 1,998,995 6249189 0 6249189 0002 N
957 2 1 N N N 2 0002 680,640 6249817 0 6249817 0002 N
958 2 1 N N N 2 0002 963,539 6250559 0 6250559 0002 N
959 1 1 N N N 2 0002 536,400 6250690 0 6250690 0002 N
960 1 1 N N N 3 0002 889,305 6250708 0 6250708 0002 N
961 1 1 N N N 3 0002 957,534 6250955 0 6250955 0002 N
962 1 1 N N N 2 0002 1,277,311 6251367 0 6251367 0002 N
963 1 1 N N N 2 0002 1,122,051 6251722 0 6251722 0002 N
964 1 1 N N N 2 0002 1,519,577 6251821 0 6251821 0002 N
965 1 1 N N N 2 0002 1,300,457 6251904 0 6251904 0002 N
966 3 1 N N N 3 0002 905,437 6252480 0 6252480 0002 N
967 1 1 N N N 2 0002 226,767 6252621 0 6252621 0002 N
968 1 1 N N N 1 0002 1,761,804 6252639 0 6252639 0002 N
969 2 1 N N N 3 0002 601,686 6252829 0 6252829 0002 N
970 1 1 N N N 3 0002 1,684,841 6253082 0 6253082 0002 N
971 1 1 N N N 3 0002 1,033,994 6253157 0 6253157 0002 N
972 1 1 N N N 1 0002 733,559 6253397 0 6253397 0002 N
973 1 1 N N N 1 0002 741,805 6253413 0 6253413 0002 N
974 1 1 N N N 2 0002 1,542,866 6253827 0 6253827 0002 N
975 1 1 N N N 2 0002 1,522,522 6254049 0 6254049 0002 N
976 1 1 N N N 3 0002 977,971 6254106 0 6254106 0002 N
977 1 1 N N N 3 0002 398,026 6254270 0 6254270 0002 N
978 1 1 N N N 3 0002 1,177,510 6254353 0 6254353 0002 N
979 1 1 N N N 2 0002 618,312 6254577 0 6254577 0002 N
980 1 1 N N N 2 0002 898,318 6254668 0 6254668 0002 N
981 1 1 N N N 2 0002 1,079,098 6255178 0 6255178 0002 N
982 1 1 N N N 2 0002 520,535 6255442 0 6255442 0002 N
983 1 1 N N N 2 0002 754,752 6255749 0 6255749 0002 N
984 1 1 N N N 1 0002 1,555,579 6256424 0 6256424 0002 N
985 1 1 N N N 2 0002 1,104,997 6256473 0 6256473 0002 N
986 1 1 N N N 2 0002 857,788 6257414 0 6257414 0002 N
987 1 1 N N N 2 0002 916,139 6257539 0 6257539 0002 N
988 1 1 N N N 3 0002 1,758,774 6257653 0 6257653 0002 N
989 1 1 N N N 2 0002 719,987 6258040 0 6258040 0002 N
990 1 1 N N N 2 0002 1,818,069 6258131 0 6258131 0002 N
991 3 1 N N N 2 0002 529,569 6258313 0 6258313 0002 N
992 1 1 N N N 2 0002 662,384 6258586 0 6258586 0002 N
993 1 1 N N N 2 0002 710,236 6258776 0 6258776 0002 N
994 3 1 N N N 3 0002 532,051 6258867 0 6258867 0002 N
</TABLE>
D-135
<PAGE>
<TABLE>
<CAPTION>
Maximum Minimum Original
Loan-no City State Zip Index Margin Int rate Int rate Term
GROUP II LOANS
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
995 6258958 CORAL GABLE FL 33146 01 3.000 13.375 3.000 360
996 6259196 NORTH BETHE MD 20852 01 3.000 13.250 3.000 360
997 6259253 CENTREVILLE VA 20120 01 3.000 13.500 3.000 360
998 6259329 POTOMAC MD 20854 01 3.000 13.500 3.000 360
999 6259519 HERNDON VA 22070 01 3.000 13.500 3.000 360
1000 6259600 NORTH POTOM MD 20878 01 3.000 13.375 3.000 360
1001 6260467 FALLS CHURC VA 22046 01 3.000 13.000 3.000 360
1002 6260517 WASHINGTON DC 20009 01 3.000 13.125 3.000 360
1003 6261143 CEDAR HILLS UT 84062 01 3.000 13.375 3.000 360
1004 6261275 ARCADIA CA 91007 01 3.000 13.000 3.000 360
1005 6261317 COLUMBIA MD 21045 01 3.000 12.625 3.000 360
1006 6261523 HAGERSTOWN MD 21740 01 3.000 13.125 3.000 360
1007 6261572 SILVER SPRI MD 20906 01 3.000 13.375 3.000 360
1008 6261580 DERWOOD MD 20855 01 3.000 13.375 3.000 360
1009 6262653 GAITHERSBUR MD 20879 01 3.000 13.250 3.000 360
1010 6263164 TAKOMA PARK MD 20912 01 3.000 12.750 3.000 360
1011 6263495 POTOMAC MD 20854 01 3.000 13.250 3.000 360
1012 6263735 ANNAPOLIS MD 21403 01 3.000 13.375 3.000 360
1013 6263867 MCLEAN VA 22101 01 3.000 13.125 3.000 360
1014 6263966 MCLEAN VA 22101 01 3.000 13.000 3.000 360
1015 6264048 TAKOMA PARK MD 20912 01 3.000 13.000 3.000 360
1016 6264055 KENSINGTON MD 20895 01 3.000 13.000 3.000 360
1017 6264212 FALLS CHURC VA 22041 01 3.000 12.875 3.000 360
1018 6264246 PORTLAND OR 97213 01 3.000 12.875 3.000 360
1019 6264592 SILVER SPRI MD 20904 01 3.000 13.125 3.000 360
1020 6264600 BURKE VA 22015 01 3.000 13.250 3.000 360
1021 6264733 N POTOMAC MD 20878 01 3.000 13.125 3.000 360
1022 6265193 SILVER SPRI MD 20902 01 3.550 13.925 3.550 360
1023 6265524 OLNEY MD 20832 01 3.000 13.125 3.000 360
1024 6265607 ELIZABETH C NC 27909 01 3.000 13.125 3.000 360
1025 6265698 HUNTINGTON MD 20639 01 3.000 12.625 3.000 360
1026 6265722 ELKRIDGE MD 21227 01 3.000 13.000 3.000 360
1027 6265862 ALEXANDRIA VA 22311 01 3.000 13.250 3.000 360
1028 6265987 WASHINGTON DC 20007 01 3.000 13.375 3.000 360
1029 6266183 ROCKVILLE MD 20850 01 3.000 13.250 3.000 360
1030 6266381 BELTSVILLE MD 20705 01 3.000 12.875 3.000 360
1031 6266415 PUYALLUP WA 98374 01 3.000 13.250 3.000 360
1032 6266498 SILVER SPRI MD 20906 01 3.000 12.875 3.000 360
1033 6266506 CHEVY CHASE MD 20815 01 3.000 13.375 3.000 360
1034 6266738 BURKE VA 22015 01 3.000 13.250 3.000 360
1035 6266761 ARLINGTON VA 22207 01 3.000 13.250 3.000 360
1036 6266787 OAK HARBOR WA 98277 01 3.000 12.625 3.000 360
1037 6266902 ALEXANDRIA VA 22302 01 3.000 13.375 3.000 360
1038 6267421 ARLINGTON VA 22207 01 3.000 12.625 3.000 360
1039 6267520 CROFTON MD 21114 01 3.000 13.000 3.000 360
1040 6267652 WILLIAMSBUR VA 23185 01 3.000 13.250 3.000 360
1041 6268015 FALLS CHURC VA 22044 01 3.000 12.875 3.000 360
1042 6268429 SILVER SPRI MD 20906 01 3.000 12.750 3.000 360
1043 7001365 ROCKVILLE MD 20853 01 3.000 13.375 3.000 360
1044 7001753 WASHINGTON DC 20016 01 3.000 13.250 3.000 360
1045 7002009 LAYTONSVILL MD 20882 01 3.000 13.375 3.000 360
1046 7002264 EXTON PA 19341 01 3.000 12.875 3.000 360
1047 7003148 NEW MARKET MD 21774 01 3.000 12.625 3.000 360
1048 7004138 OCEAN TOWNS NJ 7712 01 3.000 13.000 3.000 360
1049 7004583 OWINGS MILL MD 21117 01 3.000 13.250 3.000 360
1050 7004757 CLEARBROOK VA 22624 01 3.000 13.375 3.000 360
1051 7006414 WASHINGTON DC 20007 01 3.000 13.125 3.000 360
1052 7006422 RALEIGH NC 27613 01 3.000 12.875 3.000 360
1053 7008345 BRIDGEWATER NJ 8807 01 3.000 12.875 3.000 360
1054 7011570 ROCKVILLE MD 20855 01 3.000 13.000 3.000 360
</TABLE>
D-136
<PAGE>
<TABLE>
<CAPTION>
Original 03/01/98 Orig-
Remaining Principal Principal 1st due 03/01/98 inal Appraised Net
Term Bal Bal date p&i LTV Value Mtg Rate
GROUP II LOANS
<S> <C> <C> <C> <C> <C> <C> <C> <C>
995 357 308,250.00 307,303.08 12/01/97 2,129.01 75.00 411,000.00 6.195
996 357 192,000.00 191,395.43 12/01/97 1,309.78 61.94 310,000.00 6.070
997 357 189,000.00 188,433.63 12/01/97 1,321.52 90.00 210,000.00 6.320
998 357 279,500.00 275,509.65 12/01/97 1,954.31 86.00 325,000.00 6.320
999 357 203,300.00 202,690.78 12/01/97 1,421.51 63.73 319,000.00 6.320
1000 356 158,400.00 157,789.89 11/01/97 1,094.03 80.00 198,000.00 6.195
1001 357 238,500.00 237,711.13 12/01/97 1,586.75 90.00 265,000.00 5.820
1002 357 127,200.00 126,789.49 12/01/97 856.97 84.80 150,000.00 5.945
1003 358 101,000.00 100,661.73 01/01/98 697.59 68.47 147,500.00 6.195
1004 358 121,200.00 120,900.21 01/01/98 806.35 29.56 410,000.00 5.820
1005 357 76,300.00 76,028.48 12/01/97 488.56 79.98 95,400.00 5.445
1006 359 114,700.00 114,516.00 02/01/98 772.76 89.61 128,000.00 5.945
1007 357 181,500.00 180,942.45 12/01/97 1,253.58 75.00 242,000.00 6.195
1008 357 168,750.00 168,231.61 12/01/97 1,165.52 75.00 225,000.00 6.195
1009 357 89,750.00 89,391.47 12/01/97 612.26 74.17 121,000.00 6.070
1010 357 114,300.00 113,905.36 12/01/97 731.88 90.00 127,000.00 5.445
1011 358 270,750.00 269,507.06 01/01/98 1,847.00 56.52 479,000.00 6.070
1012 358 294,000.00 293,324.72 01/01/98 2,030.59 76.36 385,000.00 6.195
1013 359 345,000.00 343,515.04 02/01/98 2,324.33 88.46 390,000.00 5.945
1014 357 202,500.00 201,999.12 01/01/98 1,347.24 32.14 630,000.00 5.820
1015 358 168,000.00 167,584.46 01/01/98 1,117.71 80.00 210,000.00 5.820
1016 358 152,800.00 152,422.03 01/01/98 1,016.59 80.00 191,000.00 5.820
1017 358 76,000.00 75,807.34 01/01/98 499.27 45.51 167,000.00 5.695
1018 360 75,800.00 75,736.31 03/01/98 497.96 52.28 145,000.00 5.695
1019 358 49,500.00 49,372.28 01/01/98 333.50 47.14 105,000.00 5.945
1020 359 93,100.00 92,954.30 02/01/98 635.11 95.00 98,000.00 6.070
1021 356 304,000.00 303,018.86 12/01/97 2,048.11 80.00 380,000.00 5.945
1022 359 154,100.00 153,848.33 02/01/98 1,122.68 93.39 165,000.00 6.195
1023 360 142,000.00 141,886.43 03/01/98 956.69 88.75 160,000.00 5.945
1024 360 98,600.00 98,521.15 03/01/98 664.29 77.33 127,500.00 5.945
1025 359 178,000.00 176,316.22 02/01/98 1,139.76 70.08 254,000.00 5.445
1026 358 118,700.00 118,504.83 02/01/98 789.72 89.92 132,000.00 5.820
1027 358 138,000.00 137,482.82 02/01/98 941.41 79.31 174,000.00 6.070
1028 359 401,000.00 400,387.86 02/01/98 2,769.61 38.19 1,050,000.00 6.195
1029 359 88,400.00 88,261.65 02/01/98 603.05 53.74 164,500.00 6.070
1030 360 174,900.00 174,753.06 03/01/98 1,148.97 87.45 200,000.00 5.695
1031 359 189,500.00 189,352.17 03/01/98 1,292.73 75.80 250,000.00 6.070
1032 360 120,000.00 119,899.18 03/01/98 788.32 78.95 152,000.00 5.695
1033 359 600,000.00 599,084.07 02/01/98 4,144.06 72.73 825,000.00 6.195
1034 360 184,000.00 183,856.46 03/01/98 1,255.21 78.63 234,000.00 6.070
1035 359 180,000.00 179,718.31 02/01/98 1,227.92 80.00 225,000.00 6.070
1036 360 80,000.00 79,929.42 03/01/98 512.25 50.00 160,000.00 5.445
1037 359 154,850.00 154,613.60 02/01/98 1,069.52 95.00 163,000.00 6.195
1038 360 193,800.00 193,629.01 03/01/98 1,240.93 77.52 250,000.00 5.445
1039 360 240,000.00 239,803.27 03/01/98 1,596.73 78.43 306,000.00 5.820
1040 360 276,500.00 276,284.30 03/01/98 1,886.22 70.00 395,000.00 6.070
1041 360 204,000.00 203,828.61 03/01/98 1,340.14 78.46 260,000.00 5.695
1042 360 102,450.00 102,361.79 03/01/98 664.49 53.64 191,000.00 5.570
1043 360 142,500.00 142,391.56 03/01/98 984.22 75.00 190,000.00 6.195
1044 359 275,400.00 275,040.98 03/01/98 1,878.72 89.71 307,000.00 6.070
1045 359 332,000.00 331,493.18 02/01/98 2,293.05 80.00 415,000.00 6.195
1046 360 184,500.00 184,344.99 03/01/98 1,212.04 90.00 205,000.00 5.695
1047 359 175,750.00 175,439.02 02/01/98 1,125.35 95.00 185,000.00 5.445
1048 360 284,000.00 283,767.21 03/01/98 1,889.46 80.00 355,000.00 5.820
1049 360 700,000.00 699,453.93 03/01/98 4,775.24 60.87 1,150,000.00 6.070
1050 359 121,500.00 121,407.54 03/01/98 839.18 74.09 164,000.00 6.195
1051 360 488,000.00 486,656.49 03/01/98 3,287.75 80.00 610,000.00 5.945
1052 360 156,000.00 155,868.94 03/01/98 1,024.81 80.00 195,000.00 5.695
1053 360 240,000.00 239,798.37 03/01/98 1,576.63 79.21 303,000.00 5.695
1054 360 402,500.00 402,170.07 03/01/98 2,677.85 76.67 525,000.00 5.820
--------------------------------- ---------
207,678,099.00 204,737,156.65 6.074
================================= =========
</TABLE>
D-137
<PAGE>
<TABLE>
<CAPTION>
Lender
Property Paid CD pledge CD Convert- POOL-OUT
Type Occ MI (Y/N) Loan (Y/N) Amount ible Purp POOL-OUT
GROUP II LOANS
Loannum Outpool Conv-Y/N
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
995 1 1 N N N 3 0002 1,903,743 6258958 0 6258958 0002 N
996 3 1 N N N 2 0002 1,161,770 6259196 0 6259196 0002 N
997 1 1 N N N 2 0002 1,190,901 6259253 0 6259253 0002 N
998 1 1 N N N 2 0002 1,741,221 6259329 0 6259329 0002 N
999 1 1 N N N 2 0002 1,281,006 6259519 0 6259519 0002 N
1000 1 1 N N N 2 0002 977,508 6259600 0 6259600 0002 N
1001 2 1 N N N 2 0002 1,383,479 6260467 0 6260467 0002 N
1002 2 1 N N N 2 0002 753,764 6260517 0 6260517 0002 N
1003 1 1 N N N 2 0002 623,599 6261143 0 6261143 0002 N
1004 1 1 N N N 3 0002 703,639 6261275 0 6261275 0002 N
1005 2 1 N N N 1 0002 413,975 6261317 0 6261317 0002 N
1006 1 1 N N N 2 0002 680,798 6261523 0 6261523 0002 N
1007 1 1 N N N 3 0002 1,120,938 6261572 0 6261572 0002 N
1008 1 1 N N N 3 0002 1,042,195 6261580 0 6261580 0002 N
1009 1 1 N N N 2 0002 542,606 6262653 0 6262653 0002 N
1010 1 1 N N N 1 0002 620,215 6263164 0 6263164 0002 N
1011 1 1 N N N 2 0002 1,635,908 6263495 0 6263495 0002 N
1012 1 1 N N N 2 0002 1,817,147 6263735 0 6263735 0002 N
1013 1 1 N N N 2 0002 2,042,197 6263867 0 6263867 0002 N
1014 1 1 N N N 2 0002 1,175,635 6263966 0 6263966 0002 N
1015 1 1 N N N 2 0002 975,342 6264048 0 6264048 0002 N
1016 1 1 N N N 3 0002 887,096 6264055 0 6264055 0002 N
1017 1 1 N N N 3 0002 431,723 6264212 0 6264212 0002 N
1018 1 1 N N N 3 0002 431,318 6264246 0 6264246 0002 N
1019 3 1 N N N 2 0002 293,518 6264592 0 6264592 0002 N
1020 2 1 N N N 2 0002 564,233 6264600 0 6264600 0002 N
1021 1 1 N N N 1 0002 1,801,447 6264733 0 6264733 0002 N
1022 1 1 Y N N 2 0002 953,090 6265193 0 6265193 0002 N
1023 2 1 N N N 2 0002 843,515 6265524 0 6265524 0002 N
1024 1 1 N N N 2 0002 585,708 6265607 0 6265607 0002 N
1025 1 1 N N N 2 0002 960,042 6265698 0 6265698 0002 N
1026 2 1 N N N 2 0002 689,698 6265722 0 6265722 0002 N
1027 3 1 N N N 2 0002 834,521 6265862 0 6265862 0002 N
1028 3 1 N N N 2 0002 2,480,403 6265987 0 6265987 0002 N
1029 3 1 N N N 2 0002 535,748 6266183 0 6266183 0002 N
1030 1 1 N N N 2 0002 995,219 6266381 0 6266381 0002 N
1031 1 1 N N Y 2 0002 1,149,368 6266415 0 6266415 0002 Y
1032 1 1 N N N 2 0002 682,826 6266498 0 6266498 0002 N
1033 1 1 N N N 3 0002 3,711,326 6266506 0 6266506 0002 N
1034 1 1 N N N 2 0002 1,116,009 6266738 0 6266738 0002 N
1035 1 1 N N N 2 0002 1,090,890 6266761 0 6266761 0002 N
1036 1 1 N N N 3 0002 435,216 6266787 0 6266787 0002 N
1037 3 1 N N N 2 0002 957,831 6266902 0 6266902 0002 N
1038 1 1 N N N 2 0002 1,054,310 6267421 0 6267421 0002 N
1039 1 1 N N N 3 0002 1,395,655 6267520 0 6267520 0002 N
1040 1 1 N N N 2 0002 1,677,046 6267652 0 6267652 0002 N
1041 1 1 N N N 2 0002 1,160,804 6268015 0 6268015 0002 N
1042 1 1 N N N 3 0002 570,155 6268429 0 6268429 0002 N
1043 1 1 N N N 2 0002 882,116 7001365 0 7001365 0002 N
1044 2 1 N N N 2 0002 1,669,499 7001753 0 7001753 0002 N
1045 1 1 N N N 2 0002 2,053,600 7002009 0 7002009 0002 N
1046 1 1 N N N 2 0002 1,049,845 7002264 0 7002264 0002 N
1047 1 1 N N N 1 0002 955,265 7003148 0 7003148 0002 N
1048 1 1 N N N 3 0002 1,651,525 7004138 0 7004138 0002 N
1049 1 1 N N N 2 0002 4,245,685 7004583 0 7004583 0002 N
1050 1 1 N N N 3 0002 752,120 7004757 0 7004757 0002 N
1051 1 1 N N N 2 0002 2,893,173 7006414 0 7006414 0002 N
1052 1 1 N N N 2 0002 887,674 7006422 0 7006422 0002 N
1053 1 1 N N N 1 0002 1,365,652 7008345 0 7008345 0002 N
1054 1 1 N N N 2 0002 2,340,630 7011570 0 7011570 0002 N
------------------ ************ 0
220,408.50
==================
</TABLE>
D-138
<PAGE>
EXHIBIT E
FORM OF INITIAL CERTIFICATION OF TRUSTEE
March 27, 1998
Credit Suisse First Boston Mortgage Securities Corp.
11 Madison Avenue, 5th Floor
New York, New York 10010
Re: Pooling and Servicing Agreement ("Pooling and Servicing Agreement")
relating to Chevy Chase Bank, F.S.B. Mortgage-Backed Pass-Through
Certificates, Series 1998-CCB1
Ladies and Gentlemen:
In accordance with and subject to the provisions of Section 2.02 of
the Pooling and Servicing Agreement, the undersigned, as Trustee, hereby
certifies that, except for the exceptions noted on the schedule attached hereto,
it has (a) received an original Mortgage Note with respect to each Mortgage Loan
listed on the Mortgage Loan Schedule and (b) received an original Mortgage (or a
certified copy thereof) with respect to each Mortgage Loan listed on the
Mortgage Loan Schedule in accordance with Section 2.01 of the Pooling and
Servicing Agreement. The Trustee has made no independent examination of any
documents contained in each Mortgage File beyond the review specifically
mentioned above. The Trustee makes no representations as to: (i) the validity,
legality, sufficiency, enforceability or genuineness of any of the documents
delivered in accordance with Section 2.01 of the Pooling and Servicing Agreement
or any of the Mortgage Loans identified in the Mortgage Loan Schedule, or (ii)
the collectibility, insurability, effectiveness or suitability of any such
Mortgage Loan.
The Trustee acknowledges receipt of notice that the Depositor has
granted to the Trustee for the benefit of the Certificateholders a security
interest in all of the Depositor's right, title and interest in and to the
Mortgage Loans.
Capitalized terms used herein without definition shall have the
meaning assigned to them in the Pooling and Servicing Agreement.
U.S. BANK NATIONAL ASSOCIATION,
as Trustee
By:_____________________________
Authorized Representative
E-1
<PAGE>
EXHIBIT F
FORM OF FINAL CERTIFICATION OF TRUSTEE
[date]
Credit Suisse First Boston Mortgage Securities Corp.
11 Madison Avenue, 5th Floor
New York, New York 10010
Re: Pooling and Servicing Agreement ("Pooling and Servicing
Agreement") relating to Chevy Chase Bank, F.S.B. Mortgage-Backed
Pass-Through Certificates, Series 1998-CCB1
Ladies and Gentlemen:
In accordance with and subject to the provisions of Section 2.02 of the
above-referenced Pooling and Servicing Agreement the undersigned, as Trustee,
hereby certifies that, except for the exceptions noted on the schedule attached
hereto, as to each Mortgage Loan listed in the Mortgage Loan Schedule it has
reviewed the Mortgage File and has determined that (based solely on its review
of each such documents on its face) (i) all documents described in clauses (i)-
(v) of Section 2.01 of the Pooling and Servicing Agreement are in its
possession, (ii) such documents have been reviewed by it and have not been
mutilated, damaged, defaced, torn or otherwise physically altered and such
documents relate to such Mortgage Loan and (iii) each Mortgage Note has been
endorsed and each assignment of Mortgage has been delivered as provided in
Section 2.01 of the Pooling and Servicing Agreement. The Trustee has made no
independent examination of any documents required to be delivered in accordance
with Section 2.01 of the Pooling and Servicing Agreement beyond the review
specifically required therein. The Trustee makes no representations as to: (i)
the validity, legality, sufficiency, enforceability or genuineness of any of the
documents required to be delivered in accordance with Section 2.01 of the
Pooling and Servicing Agreement or any of the Mortgage Loans identified on the
Mortgage Loan Schedule, or (ii) the collectibility, insurability, effectiveness
or suitability of any such Mortgage Loan.
Capitalized terms used herein without definition have the meanings ascribed
to them in the Pooling and Servicing Agreement.
U.S. BANK NATIONAL ASSOCIATION,
as Trustee
By:____________________________
Authorized Representative
F-1
<PAGE>
EXHIBIT G
FORM OF REQUEST FOR RELEASE
[date]
To:
In connection with the administration of the Mortgage Loans held by
you as Trustee under the Pooling and Servicing Agreement dated as of March 1,
1998, between Credit Suisse First Boston Mortgage Securities Corp., as
Depositor, and you, as Trustee (the "Pooling and Servicing Agreement"), the
undersigned hereby requests a release of the Mortgage File held by you as
Trustee with respect to the following described Mortgage Loan for the reason
indicated below.
Mortgagor's Name:
Address:
Loan No.:
Reason for requesting file:
1. Mortgage Loan paid in full.
- ---- ---------------------------
(The Servicer hereby certifies that all amounts received in connection
with the Mortgage Loan have been or will be credited to the
Certificate Account pursuant to the Pooling and Servicing Agreement.)
2. Mortgage Loan repurchased.
- ---- --------------------------
(The Servicer hereby certifies that the Purchase Price has been
credited to the Certificate Account pursuant to the Pooling and
Servicing Agreement.)
3. The Mortgage Loan is being foreclosed.
- ---- --------------------------------------
4. Other. (Describe)
- ---- ------------------
The undersigned acknowledges that the above Mortgage File will be held
by the undersigned in accordance with the provisions of the Pooling and
Servicing Agreement and will be returned, except if the Mortgage Loan has been
paid in full or repurchased (in which case the Mortgage File will be retained by
us permanently) when no longer required by us for such purpose.
Capitalized terms used herein shall have the meanings ascribed to them
in the Pooling and Servicing Agreement.
G-1
<PAGE>
[SERVICER]
By:____________________________________
Name:
Title:
G-2
<PAGE>
EXHIBIT H
FORM OF INVESTOR REPRESENTATION LETTER
[date]
Credit Suisse First Boston Mortgage Securities Corp.
11 Madison Avenue, 5th Floor
New York, New York 10010
U.S. Bank National Association
180 East Fifth Street
St. Paul, MN 55101
Re: Chevy Chase Bank, F.S.B. Mortgage-Backed Pass-Through Certificates,
Series 1998-CCB1
Ladies and Gentlemen:
[_______________________] (the "Purchaser") intends to purchase from
[_______________________] (the "Seller") the Chevy Chase Bank, F.S.B. Mortgage-
Backed Pass-Through Certificates, Series 1998-CCB1 [Class S] [Class R]
(together, the "Certificates"), issued pursuant to the Pooling and Servicing
Agreement (the "Pooling and Servicing Agreement"), dated as of March 1, 1998
among Credit Suisse First Boston Mortgage Securities Corp., as Depositor (the
"Company"), Chevy Chase Bank, F.S.B., as seller and servicer, 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 and Servicing
Agreement. The Purchaser hereby certifies, represents and warrants to, and
covenants with, the Company and the Trustee that:
1. The Purchaser understands that (a) the Certificates have not been
and will not be registered or qualified under the Securities Act of 1933,
as amended (the "Act") or any state securities law, (b) the Company is not
required to so register or qualify the Certificates, (c) the Certificates
may be resold only if registered and qualified pursuant to the provisions
of the Act or any state securities law, or if an exemption from such
registration and qualification is available, (d) the Pooling and Servicing
Agreement contains restrictions regarding the transfer of the Certificates
and (e) the Certificates will bear a legend to the foregoing effect.
2. The Purchaser is acquiring the Certificates for its own account
for investment only and not with a view to or for sale in connection with
any distribution thereof in any manner that would violate the Act or any
applicable state securities laws.
3. The Purchaser is (a) a substantial, sophisticated institutional
investor having such knowledge and experience in financial and business
matters, and, in particular, in such matters related to securities similar
to the Certificates, such that it is capable of
H-1
<PAGE>
evaluating the merits and risks of investment in the Certificates, (b) able
to bear the economic risks of such an investment and (c) an "accredited
investor" within the meaning of Rule 501(a) promulgated pursuant to the
Act.
4. The Purchaser has been furnished with, and has had an opportunity
to review (a) a copy of the Pooling and Servicing Agreement and (b) such
other information concerning the Certificates, the Mortgage Loans and the
Company as has been requested by the Purchaser from the Company or the
Seller and is relevant to the Purchaser's decision to purchase the
Certificates. The Purchaser has had any questions arising from such review
answered by the Company or the Seller to the satisfaction of the Purchaser.
5. The Purchaser has not and will not nor has it authorized or will
it authorize any person to (a) offer, pledge, sell, dispose of or otherwise
transfer any Certificate, any interest in any Certificate or any other
similar security to any person in any manner, (b) solicit any offer to buy
or to accept a pledge, disposition of other transfer of any Certificate,
any interest in any Certificate or any other similar security from any
person in any manner, (c) otherwise approach or negotiate with respect to
any Certificate, any interest in any Certificate or any other similar
security with any person in any manner, (d) make any general solicitation
by means of general advertising or in any other manner or (e) take any
other action, that (as to any of (a) through (e) above) would constitute a
distribution of any Certificate under the Act, that would render the
disposition of any Certificate a violation of Section 5 of the Act or any
state securities law, or that would require registration or qualification
pursuant thereto. The Purchaser will not sell or otherwise transfer any of
the Certificates, except in compliance with the provisions of the Pooling
and Servicing Agreement.
6. The Purchaser
(a) is not 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
Internal Revenue Code of 1986, as amended (the "Code") (a "Plan"), or
any other person (including an investment manager, a named fiduciary
or a trustee of any Plan) acting, directly or indirectly, on behalf of
or purchasing any Certificate with "plan assets" of any Plan; or
(b) is buying Class S Certificates, is an insurance company,
the source of funds to be used by it to purchase the Class S
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.
H-2
<PAGE>
Very truly yours,
[Purchaser]
By:__________________________________
Name:
Title:
H-3
<PAGE>
EXHIBIT I
FORM OF TRANSFEROR REPRESENTATION LETTER
[date]
Credit Suisse First Boston Mortgage Securities Corp.
11 Madison Avenue, 5th Floor
New York, New York 10010
U.S. Bank National Association
180 East Fifth Street
St. Paul, MN 55101
Re: Chevy Chase Bank, F.S.B. Mortgage-Backed Pass-Through Certificates,
Series 1998-CCB1
Ladies and Gentlemen:
In connection with the sale by [_______________________] (the "Seller") to
[_______________________] (the "Purchaser") the Chevy Chase Bank, F.S.B.
Mortgage-Backed Pass-Through Certificates, Series 1998-CCB1 [Class S] [Class R]
(together, the "Certificates"), issued pursuant to the Pooling and Servicing
Agreement (the "Pooling and Servicing Agreement"), dated as of March 1, 1998
among Credit Suisse First Boston Mortgage Securities Corp., as Depositor (the
"Company"), Chevy Chase Bank, F.S.B., as seller and servicer, and U.S. Bank
National Association, as trustee (the "Trustee"), the Seller hereby certifies,
represents and warrants to, and covenants with, the Company and the Trustee
that:
Neither the Seller nor anyone acting on its behalf has (a) offered,
pledged, sold, disposed of or otherwise transferred any Certificate, any
interest in any Certificate or any other similar security to any person in any
manner, (b) has solicited any offer to buy or to accept a pledge, disposition or
other transfer of any Certificate, any interest in any Certificate or any other
similar security from any person in any manner, (c) has otherwise approached or
negotiated with respect to any Certificate, any interest in any Certificate or
any other similar security with any person in any manner, (d) has made any
general solicitation by means of general advertising or in any other manner, or
(e) has taken any other action, that (as to any of (a) through (e) above) would
constitute a distribution of the Certificates under the Securities Act of 1933
(the "Act"), that would render the disposition of any Certificate a violation of
Section 5 of the Act or any state securities law, or that would require
registration or qualification pursuant thereto. The Seller will not act, in any
manner set forth in the foregoing sentence with respect to any Certificate. The
Seller has not and will not sell or otherwise transfer any of the Certificates,
except in compliance with the provisions of the Pooling and Servicing Agreement.
I-1
<PAGE>
Very truly yours,
[Seller]
By:_________________________________________
Name:
Title:
I-2
<PAGE>
EXHIBIT J
FORM OF INVESTOR TRANSFER 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] or [Name of Owner] (record or
beneficial owner (the "Owner") of the Class R Certificates (the "Class R
Certificates")), 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"), (ii) will
endeavor to remain other than a disqualified organization for so long as it
retains its ownership interest in the Class R Certificates, and (iii) 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. A "Permitted
Transferee" is any person other than a "disqualified organization". (For this
purpose, a "disqualified organization" means the United States, any state or
political subdivision thereof, 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, international organization or any agency or
instrumentality of such foreign government or organization, any electing large
partnership under Section 775 of the Code or 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 Class R Certificates to disqualified organizations under the Code;
(ii) that such tax would be on the transferor (or, with respect to electing
large partnerships, on such partnership), or, if such transfer is through an
agent (which person includes a broker, nominee or middleman) for a non-Permitted
Transferee, on the agent; (iii) that the person (other than with transfers with
respect to electing large partnerships) 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 a Permitted Transferee 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 "noneconomic residual
interests" 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.
J-1
<PAGE>
4. That the Owner is aware of the tax imposed on a "pass-through
entity" holding Class R Certificates if at any time during the taxable year of
the pass-through entity a non-Permitted Transferee is the record holder of 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 any Class R Certificates unless the transferee, or the transferee's
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 6.02 of the
Pooling and Servicing Agreement under which the Class R Certificates were
issued. 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 a Permitted Transferee.
8. That the Owner's Taxpayer Identification Number is
______________.
9. That 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 includable 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.
10. That no purpose of the Owner relating to the purchase of the
Class
R Certificate by the Owner is or will be to impede the assessment or collection
of tax.
11. 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.
12. 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.
13. That no purpose of the Owner relating to any sale of the Class R
Certificate by the Owner will be to impede the assessment or collection of tax.
14. The Owner hereby agrees to cooperate with the Trustee 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.
J-2
<PAGE>
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 Trustee 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.
J-3
<PAGE>
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 _________________.
[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 ________________.
NOTARY PUBLIC
COUNTY OF___________________________
STATE OF____________________________
My Commission expires the ____ day of __________,
19____.
J-4
<PAGE>
EXHIBIT K
FORM OF TRANSFER CERTIFICATE
[date]
Credit Suisse First Boston Mortgage Securities Corp.
11 Madison Avenue, 5th Floor
New York, New York 10010
U.S. Bank National Association
180 East Fifth Street
St. Paul, MN 55101
Re: Chevy Chase Bank, F.S.B. Mortgage-Backed Pass-Through
Certificates, Series 1998-CCB1, Class R (the "Certificates")
------------------------------------------------------------
Ladies and Gentlemen:
This letter is delivered to you in connection with the sale by
_______________ (the "Seller") to __________________________________ (the
"Purchaser") of a ___% Percentage Interest in the above referenced Certificates,
pursuant to Section 6.02 of the Pooling and Servicing Agreement (the "Pooling
and Servicing Agreement"), dated as of March 1, 1998 among Credit Suisse First
Boston Mortgage Securities Corp. as depositor (the "Depositor"), U.S. Bank
National Association, as trustee (the "Trustee") and Chevy Chase Bank, F.S.B.,
as seller and servicer. All terms used herein and not otherwise defined shall
have the meanings set forth in the Pooling and Servicing Agreement. The Seller
hereby certifies, represents and warrants to, and covenants with, the Depositor
and the Trustee that:
1. No purpose of the Seller relating to 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 any tax.
2. The Seller understands that the Purchaser has delivered to the
Trustee a transfer affidavit and agreement in the form attached to the Pooling
and Servicing 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 Certificate.
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
K-1
<PAGE>
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.
6. The Purchaser has represented to the Seller that, if the
Certificate constitutes 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 Certificate as they become due.
Very truly yours,
[SELLER]
By:__________________________________
Name:
Title:
K-2
<PAGE>
EXHIBIT L
CERTIFICATE GUARANTY INSURANCE POLICY
L-1
<PAGE>
CERTIFICATE GUARANTY INSURANCE POLICY
OBLIGATIONS: $560,162,292 POLICY NUMBER: 26021
Chevy Chase Bank, F.S.B.
Mortgage-Backed Pass-Through Certificates Series 1998-CCB1
Class A-I and Class A-II
MBIA Insurance Corporation (the "Insurer"), in consideration of the payment of
the premium and subject to the terms of this Certificate Guaranty Insurance
Policy (this "Policy"), hereby unconditionally and irrevocably guarantees to any
Owner that an amount equal to each full and complete Insured Payment will be
received from the Insurer by U.S. Bank National Association or its successors,
as trustee for the Owners (the "Trustee"), on behalf of the Owners, for
distribution by the Trustee to each Owner of each Owner's proportionate share of
the Insured Payment. The Insurer's obligations hereunder with respect to a
particular Insured Payment shall be discharged to the extent funds equal to the
applicable Insured Payment are received by the Trustee, whether or not such
funds are properly applied by the Trustee. Insured Payments shall be made only
at the time set forth in this Policy and no accelerated Insured Payments shall
be made regardless of any acceleration of the Obligations, unless such
acceleration is at the sole option of the Insurer.
Notwithstanding the foregoing paragraph, this Policy does not cover
shortfalls, if any, attributable to the liability of the Trust Fund, the REMIC
Trust or the Trustee for withholding taxes, if any (including interest and
penalties in respect of any such liability).
The Insurer will pay any amount payable hereunder no later than 12:00 noon New
York City time on the later of the Distribution Date on which the related
Deficiency Amount is due or the third Business Day following receipt in New
York, New York on a Business Day by State Street Bank and Trust Company, N.A.,
as Fiscal Agent for the Insurer or any successor fiscal agent appointed by the
Insurer (the "Fiscal Agent") of a Notice (as described below); provided that if
such Notice is received after 12:00 noon New York City time on such Business
Day, it will be deemed to be received on the following Business Day. If any
such Notice received by the Fiscal Agent is not in proper form or is otherwise
insufficient for the purpose of making claim hereunder it shall be deemed not to
have been received by the Fiscal Agent for purposes of this paragraph, and the
Insurer or the Fiscal Agent, as the case may be, shall promptly so advise the
Trustee and the Trustee may submit an amended Notice.
Insured Payments due hereunder unless otherwise stated herein will be
disbursed by the Fiscal Agent to the Trustee on behalf of the Owners by wire
transfer of immediately available funds in the amount of the Insured Payment.
<PAGE>
The Fiscal Agent is the agent of the Insurer only and the Fiscal Agent shall
in no event be liable to Owners for any acts of the Fiscal Agent or any failure
of the Insurer to deposit or cause to be deposited, sufficient funds to make
payments due under this Policy.
As used herein, the following terms shall have the following meanings:
"Agreement" means the Pooling and Servicing Agreement dated as of March 1,
1998 among Credit Suisse First Boston Mortgage Securities Corp. as Depositor,
Chevy Chase Bank, F.S.B., as Seller and as Servicer and the Trustee, as trustee,
without regard to any amendment or supplement thereto.
"Business Day" means any day other than a Saturday, a Sunday or a day on which
banking institutions in New York City or in the city in which the corporate
trust office of the Trustee or the Servicer under the Agreement or the Insurer
is located are authorized or obligated by law or executive order to close.
"Deficiency Amount" means, for any Distribution Date, (i) any shortfall in the
related Available Distribution Amount to pay the Class A-I Interest
Distribution Amount or the Class A-II Interest Distribution Amount, as
applicable, and (ii) the related Collateralization Deficit.
"Insured Payment" means, as of any Distribution Date, any Deficiency Amount.
"Notice" means the telephonic or telegraphic notice, promptly confirmed in
writing by fax substantially in the form of Exhibit A attached hereto, the
original of which is subsequently delivered by registered or certified mail,
from the Trustee specifying the Insured Payment which shall be due and owing on
the applicable Distribution Date.
"Owner" means each Holder (as defined in the Agreement) of any Class A
Certificates who, on the applicable Distribution Date, is entitled under the
terms of the applicable Class A Certificates to payment thereunder.
Capitalized terms used herein and not otherwise defined herein shall have the
respective meanings set forth in the Agreement as of the date of execution of
this Policy, without giving effect to any subsequent amendment to or
modification of the Agreement unless such amendment or modification has been
approved in writing by the Insurer.
Any notice hereunder or service of process on the Fiscal Agent may be made at
the address listed below for the Fiscal Agent or such other address as the
Insurer shall specify in writing to the Trustee.
The notice address of the Fiscal Agent is 61 Broadway, 15th Floor, New York,
New York 10006 Attention: Municipal Registrar and Paying Agency, or such other
address as the Fiscal Agent shall specify to the Trustee in writing.
<PAGE>
This Policy is being issued under and pursuant to, and shall be construed
under, the laws of the State of New York, without giving effect to the conflict
of laws principles thereof.
The insurance provided by this Policy is not covered by the Property/Casualty
Insurance Security Fund specified in Article 76 of the New York Insurance Law.
This Policy is not cancelable for any reason. The premium on this Policy is
not refundable for any reason including payment, or provision being made for
payment, prior to maturity of the Obligations.
IN WITNESS WHEREOF, the Insurer has caused this Policy to be executed and
attested this 27th day of March, 1998.
MBIA INSURANCE CORPORATION
By
----------------------------------------
Title
--------------------------------------
Attest:
By
------------------------------
Secretary
01/822919.3
<PAGE>
EXHIBIT A
TO CERTIFICATE GUARANTY INSURANCE POLICY
NUMBER: 26021
NOTICE UNDER CERTIFICATE GUARANTY
INSURANCE POLICY NUMBER: 26021
State Street Bank and Trust Company, N.A., as Fiscal Agent
for MBIA Insurance Corporation
61 Broadway, 15th Floor
New York, NY 10006
Attention: Municipal Registrar and
Paying Agency
MBIA Insurance Corporation
113 King Street
Armonk, NY 10504
The undersigned, a duly authorized officer of [NAME OF TRUSTEE], as
trustee (the "Trustee"), hereby certifies to State Street Bank and Trust
Company, N.A. (the "Fiscal Agent") and MBIA Insurance Corporation (the
"Insurer"), with reference to Certificate Guaranty Insurance Policy Number:
26021 (the "Policy") issued by the Insurer in respect of the $560,162,292 Chevy
Chase Bank, F.S.B., Mortgage-Backed Pass-Through Certificates, Series 1998-CCB1,
Class A-I and Class A-II (the "Obligations"), that:
(i) the Trustee is the trustee under the Pooling and Servicing
Agreement dated as of March 1, 1998, among Credit Suisse First Boston
Mortgage Securities Corp., as Depositor, Chevy Chase Bank, F.S.B., as
Seller and as Servicer and the Trustee, as trustee for the Owners;
(ii) the Class A-I Interest Distribution Amount or the Class A-
II Interest Distribution Amount, as applicable, for the Distribution Date
occurring on (the "Applicable Distribution Date") is $
;
(iii) the related Available Distribution Amount for the
Applicable Distribution Date is $ ;
(iv) the related Collateralization Deficit for the Applicable
Distribution Date is $ ;
<PAGE>
(v) the sum of (a) the excess of the amount listed in paragraph
(ii) over the amount in paragraph (iii) above plus (b) the amount listed in
paragraph (iv) above is $ (the "Deficiency Amount");
(vi) the total Insured Payment due is $ , which amount
equals the Deficiency Amount;
(vii) the Trustee is making a claim under and pursuant to the
terms of the Policy for the dollar amount of the Insured Payment set forth
in (v) above to be applied to the payment of the Deficiency Amount for the
Applicable Distribution Date in accordance with the Agreement; and
(viii) the Trustee directs that payment of the Insured Payment
be made to the following account by bank wire transfer of federal or other
immediately available funds in accordance with the terms of the Policy:
[TRUSTEE'S ACCOUNT NUMBER].
Any capitalized term used in this Notice and not otherwise defined
herein shall have the meaning assigned thereto in the Policy.
Any Person Who Knowingly And With Intent To Defraud Any Insurance
Company Or Other Person Files An Application For Insurance Or Statement Of Claim
Containing Any Materially False Information, Or Conceals For The Purpose Of
Misleading, Information Concerning Any Fact Material Thereto, Commits A
Fraudulent Insurance Act, Which Is A Crime, And Shall Also Be Subject To A Civil
Penalty Not To Exceed Five Thousand Dollars And The Stated Value Of The Claim
For Each Such Violation.
IN WITNESS WHEREOF, the Trustee has executed
and delivered this Notice under the Policy as of the day of , .
[NAME OF TRUSTEE], as Trustee
By
------------------------------------------
Title
---------------------------------------
<PAGE>
Exhibit 23
[LETTERHEAD OF COOPERS & LYBRAND]
CONSENT OF INDEPENDENT ACCOUNTANTS
We consent to the incorporation by reference in the Prospectus Supplement
of Chevy Chase Bank, F.S.B. Mortgage-Backed Pass-Through Certificates, Series
1998-CCB1, of our report dated February 3, 1997, on our audits of the
consolidated financial statements of MBIA Insurance Corporation and Subsidiaries
as of December 31, 1996 and 1995 and for each of the three years in the period
ended December 31, 1996. We also consent to the reference to our firm under the
caption "Experts" in such Prospectus Supplement.
s/s Coopers & Lybrand L.L.P.
Coopers & Lybrand L.L.P.
New York, New York
March 27, 1998
