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) June 25, 1997
Financial Asset Securitization, Inc.
(Exact name of registrant as specified in charter)
Virginia 0-15483 53-1526174
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
901 East Byrd Street, Richmond, Virginia 23219
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (804) 344-7575
-----------------------------------------------------------------
(Former Name or Former Address if Changed Since Last Report)
<PAGE>
Item 5. Other Events.
The Registrant expects to enter into an underwriting agreement,
dated June 25, 1997, with Donaldson, Lufkin & Jenrette Securities Corporation
(the "Underwriter"), pursuant to which the Underwriter agrees to purchase and
offer for sale to the public, approximately $215,777,243 aggregate initial
principal amount of the Registrant's Mortgage Participation Securities, Series
1997-NAMC 2, Class FXA-1, Class FXA-2, Class FXA-3, Class FXA-4, Class FXA-5,
Class FXA-6, Class FXA-7, Class FXA-8, Class FXA-9, Class FXA-10, Class FXA-11,
Class FXS, Class FXP, Class A-1, Class A-2, Class A-3, Class A-4, Class A-5,
Class A-6, Class A-7, Class A-8, Class S, Class P, Class B-1, Class B-2, Class
B-3, Class R and Class RP (the "Offered Securities"). The Offered Securities are
registered for sale under the Registrant's effective shelf Registration
Statement on Form S-3 (33-78368), and will be offered pursuant to a Prospectus,
dated June 25, 1997, and a related Prospectus Supplement, dated June 25, 1997,
to be filed with the Securities and Exchange Commission pursuant to the
Securities Act of 1933, as amended, and Rule 424 thereunder.
In connection with the offering of the Offered Securities, the
Underwriter has prepared and disseminated to potential purchasers certain
"Computational Materials" and/or "Structural Terms Sheet(s)," as such terms are
defined in the No-Action response letters to Kidder, Peabody and Co.
Incorporated and certain affiliates thereof (publicly available, May 20, 1994)
and the No-Action response letter to Cleary, Gottlieb, Steen & Hamilton on
behalf of the Public Securities Association (publicly available, February 17,
1995), respectively. In accordance with such No-Action Letter, the Registrant is
filing herewith such Computational Materials and/or Structural Terms Sheet(s) as
Exhibit 99.1.
Exhibits
99.1 Copy of "Computational Materials" and/or "Structural Terms Sheet(s)" as
provided by Donaldson, Lufkin & Jenrette Securities Corporation.
-2-
<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.
June 25, 1997 FINANCIAL ASSET SECURITIZATION, INC.
By: /s/ William E. Hardy
Name: William E. Hardy
Title: Executive Vice President
-3-
<PAGE>
INDEX TO EXHIBITS
Page
99.1 Copy of "Computational Materials"
and/or "Structural Terms Sheet(s)"
as provided by Donaldson, Lufkin & Jenrette
Securities Corporation 5
-4-
<TABLE>
<CAPTION>
Settlement Date: 06/30/1997 FASI97-2F_gensen 2 Next Payment Date: 07/25/1997
================== Interest Accrues From: 06/01/1997
Class: IO Notional Balance: $8,583,735 Notional Coupon: 8.000000%
5.0% 7.0% 10.0% 12.0% 15.0% 20.0% 25.0% 30.0% 40.0%
CPR CPR CPR CPR CPR CPR CPR CPR CPR
----- ----- ----- ----- ----- ----- ----- ----- -----
Price Yield Yield Yield Yield Yield Yield Yield Yield Yield
- ----------------- ----- ----- ----- ----- ----- ----- ----- ----- -----
<S> <C>
25.250000 25-08 26.259 23.916 20.353 17.944 14.277 8.016 1.552 -5.135 -19.285
25.500000 25-16 25.925 23.585 20.026 17.620 13.958 7.705 1.249 -5.429 -19.561
25.750000 25-24 25.597 23.260 19.705 17.302 13.645 7.400 0.953 -5.717 -19.831
26.000000 26-00 25.275 22.941 19.391 16.991 13.338 7.101 0.662 -6.000 -20.096
26.250000 26-08 24.960 22.628 19.083 16.686 13.037 6.808 0.376 -6.277 -20.355
26.500000 26-16 24.651 22.322 18.781 16.386 12.742 6.520 0.097 -6.549 -20.610
26.750000 26-24 24.347 22.021 18.484 16.093 12.453 6.238 -0.178 -6.815 -20.860
27.000000 27-00 24.049 21.726 18.193 15.804 12.169 5.961 -0.447 -7.077 -21.105
27.250000 27-08 23.757 21.437 17.908 15.522 11.890 5.690 -0.711 -7.333 -21.345
27.500000 27-16 23.470 21.152 17.627 15.244 11.617 5.423 -0.971 -7.585 -21.581
27.750000 27-24 23.189 20.873 17.352 14.971 11.348 5.161 -1.225 -7.832 -21.813
28.000000 28-00 22.912 20.599 17.082 14.704 11.084 4.904 -1.475 -8.075 -22.041
28.250000 28-08 22.641 20.330 16.817 14.441 10.825 4.652 -1.721 -8.314 -22.264
28.500000 28-16 22.374 20.066 16.556 14.183 10.571 4.404 -1.962 -8.548 -22.483
28.750000 28-24 22.112 19.806 16.300 13.929 10.321 4.161 -2.199 -8.778 -22.699
29.000000 29-00 21.855 19.551 16.048 13.680 10.076 3.921 -2.432 -9.004 -22.911
29.250000 29-08 21.602 19.301 15.801 13.435 9.834 3.686 -2.660 -9.226 -23.119
Average Life: 12.342 10.276 8.035 6.938 5.692 4.295 3.390 2.763 1.956
Mod Dur ( 27-08 ): 3.096 3.125 3.168 3.199 3.246 3.331 3.424 3.526 3.762
Start Date: 07/1997 07/1997 07/1997 07/1997 07/1997 07/1997 07/1997 07/1997 07/1997
End Date: 06/2027 06/2027 06/2027 06/2027 06/2027 06/2027 06/2027 06/2027 03/2027
Collateral Assumptions: Pass-Thru = 8.590%, Wac = 8.850%, Wam = 358, Wala = 1; 30 Days Interest on Prepayments
=======================================(TRADE TO SETTLE ON A YIELD MAINTENANCE BASIS)========================================
The computational materials contained herein and the data on which they are based are preliminary and subject to change.
Actual sales of the securities described herein will be made only pursuant to the terms set forth in a final prospectus.
THESE MATERIALS HAVE BEEN PREPARED AND DISSEMINATED SOLELY BY AND ON BEHALF OF DONALDSON,
LUFKIN & JENRETTE SECURITIES CORPORATION AND NOT BY THE ISSUER OF THE SECURITIES.
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Settlement Date: 06/30/1997 FASI97-2F_gensen 2 Next Payment Date: 07/25/1997
================== Interest Accrues From: 06/01/1997
Class: IO Notional Balance: $8,583,735 Notional Coupon: 8.000000%
100% 150% 200% 250% 300% 350% 400% 500% 600% 700%
PSA PSA PSA PSA PSA PSA PSA PSA PSA PSA
----- ----- ----- ----- ----- ----- ----- ----- ----- -----
Price Yield Yield Yield Yield Yield Yield Yield Yield Yield Yield
- ----------------- ----- ----- ----- ----- ----- ----- ----- ----- ----- -----
<S> <C>
25.250000 25-08 27.052 24.544 22.016 19.469 16.903 14.317 11.711 6.442 1.097 -4.321
25.500000 25-16 26.702 24.190 21.659 19.108 16.537 13.946 11.336 6.057 0.701 -4.730
25.750000 25-24 26.360 23.844 21.309 18.753 16.178 13.583 10.968 5.679 0.312 -5.130
26.000000 26-00 26.024 23.504 20.965 18.406 15.826 13.226 10.607 5.308 -0.070 -5.523
26.250000 26-08 25.695 23.171 20.628 18.065 15.481 12.877 10.253 4.944 -0.444 -5.909
26.500000 26-16 25.372 22.845 20.298 17.730 15.142 12.534 9.905 4.587 -0.812 -6.287
26.750000 26-24 25.055 22.524 19.973 17.402 14.810 12.197 9.564 4.236 -1.172 -6.659
27.000000 27-00 24.744 22.210 19.655 17.080 14.484 11.867 9.229 3.892 -1.527 -7.024
27.250000 27-08 24.439 21.901 19.343 16.764 14.164 11.543 8.901 3.554 -1.875 -7.383
27.500000 27-16 24.139 21.598 19.036 16.453 13.849 11.224 8.578 3.222 -2.216 -7.736
27.750000 27-24 23.845 21.301 18.735 16.149 13.541 10.912 8.261 2.896 -2.552 -8.082
28.000000 28-00 23.556 21.009 18.440 15.849 13.238 10.604 7.950 2.576 -2.882 -8.422
28.250000 28-08 23.273 20.722 18.149 15.555 12.940 10.303 7.644 2.262 -3.206 -8.757
28.500000 28-16 22.994 20.440 17.864 15.267 12.647 10.006 7.344 1.953 -3.524 -9.085
28.750000 28-24 22.720 20.163 17.584 14.983 12.360 9.715 7.048 1.649 -3.838 -9.409
29.000000 29-00 22.451 19.891 17.308 14.704 12.078 9.429 6.758 1.350 -4.146 -9.726
29.250000 29-08 22.187 19.623 17.038 14.430 11.800 9.147 6.473 1.056 -4.448 -10.039
Average Life: 11.998 9.587 7.910 6.707 5.816 5.138 4.609 3.840 3.311 2.925
Mod Dur ( 27-08 ): 2.965 2.931 2.897 2.861 2.826 2.789 2.752 2.677 2.600 2.521
Start Date: 07/1997 07/1997 07/1997 07/1997 07/1997 07/1997 07/1997 07/1997 07/1997 07/1997
End Date: 06/2027 06/2027 06/2027 06/2027 06/2027 06/2027 06/2027 06/2027 06/2027 02/2027
Collateral Assumptions: Pass-Thru = 8.590%, Wac = 8.850%, Wam = 358, Wala = 1; 30 Days Interest on Prepayments
=======================================(TRADE TO SETTLE ON A YIELD MAINTENANCE BASIS)========================================
The computational materials contained herein and the data on which they are based are preliminary and subject to change.
Actual sales of the securities described herein will be made only pursuant to the terms set forth in a final prospectus.
THESE MATERIALS HAVE BEEN PREPARED AND DISSEMINATED SOLELY BY AND ON BEHALF OF DONALDSON,
LUFKIN & JENRETTE SECURITIES CORPORATION AND NOT BY THE ISSUER OF THE SECURITIES.
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Settlement Date: 06/30/1997 FASI97-2G_gensen A1 Next Payment Date: 07/25/1997
=================== Interest Accrues From: 06/01/1997
Class: A-1 Par Balance: $45,764,286 Coupon: 7.250000%
100% 150% 175% 200% 245% 300% 350% 400% 500% 600%
PSA PSA PSA PSA PSA PSA PSA PSA PSA PSA
----- ----- ----- ----- ----- ----- ----- ----- ----- -----
Price Yield Yield Yield Yield Yield Yield Yield Yield Yield Yield
- ----------------- ----- ----- ----- ----- ----- ----- ----- ----- ----- -----
<S> <C>
99.562500 99-18 7.352 7.349 7.348 7.347 7.345 7.342 7.341 7.339 7.336 7.333
99.593750 99-19 7.346 7.342 7.340 7.338 7.334 7.330 7.327 7.324 7.319 7.314
99.625000 99-20 7.340 7.335 7.332 7.329 7.324 7.318 7.314 7.310 7.302 7.295
99.656250 99-21 7.334 7.327 7.323 7.320 7.313 7.306 7.300 7.295 7.285 7.277
99.687500 99-22 7.328 7.320 7.315 7.310 7.303 7.294 7.287 7.280 7.269 7.258
99.718750 99-23 7.323 7.312 7.307 7.301 7.292 7.282 7.274 7.266 7.252 7.239
99.750000 99-24 7.317 7.305 7.299 7.292 7.282 7.270 7.260 7.251 7.235 7.220
99.781250 99-25 7.311 7.297 7.290 7.283 7.271 7.258 7.247 7.237 7.218 7.202
99.812500 99-26 7.305 7.290 7.282 7.274 7.260 7.246 7.233 7.222 7.202 7.183
99.843750 99-27 7.299 7.283 7.274 7.265 7.250 7.234 7.220 7.208 7.185 7.164
99.875000 99-28 7.293 7.275 7.266 7.256 7.239 7.221 7.207 7.193 7.168 7.146
99.906250 99-29 7.288 7.268 7.257 7.247 7.229 7.209 7.193 7.179 7.152 7.127
99.937500 99-30 7.282 7.260 7.249 7.238 7.218 7.197 7.180 7.164 7.135 7.108
99.968750 99-31 7.276 7.253 7.241 7.229 7.208 7.185 7.167 7.150 7.118 7.090
100.000000 100-00 7.270 7.246 7.233 7.220 7.197 7.173 7.153 7.135 7.102 7.071
100.031250 100-01 7.264 7.238 7.224 7.211 7.187 7.161 7.140 7.120 7.085 7.053
100.062500 100-02 7.258 7.231 7.216 7.202 7.176 7.149 7.127 7.106 7.068 7.034
100.093750 100-03 7.253 7.223 7.208 7.192 7.166 7.137 7.113 7.091 7.052 7.015
100.125000 100-04 7.247 7.216 7.200 7.183 7.156 7.125 7.100 7.077 7.035 6.997
100.156250 100-05 7.241 7.209 7.192 7.174 7.145 7.113 7.087 7.063 7.018 6.978
100.187500 100-06 7.235 7.201 7.183 7.165 7.135 7.101 7.073 7.048 7.002 6.960
Average Life: 8.014 5.674 4.906 4.318 3.590 3.041 2.704 2.457 2.105 1.864
Mod Dur ( 99-28 ): 5.343 4.200 3.775 3.427 2.960 2.576 2.328 2.139 1.863 1.667
Start Date: 07/1997 07/1997 07/1997 07/1997 07/1997 07/1997 07/1997 07/1997 07/1997 07/1997
End Date: 12/2017 09/2012 07/2010 07/2008 08/2005 10/2003 11/2002 03/2002 05/2001 10/2000
Collateral Assumptions: Pass-Thru = 7.905%, Wac = 8.165%, Wam = 357, Wala = 3; 30 Days Interest on Prepayments
=============================================================================================================================
The computational materials contained herein and the data on which they are based are preliminary and subject to change.
Actual sales of the securities described herein will be made only pursuant to the terms set forth in a final prospectus.
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Settlement Date: 06/30/1997 FASI97-2G_gensen A1 Next Payment Date: 07/25/1997
=================== Interest Accrues From: 06/01/1997
Class: A-1 Par Balance: $45,764,286 Coupon: 7.250000%
100% 150% 175% 200% 245% 300% 350% 400% 450% 500%
PSA PSA PSA PSA PSA PSA PSA PSA PSA PSA
----- ----- ----- ----- ----- ----- ----- ----- ----- -----
Price Yield Yield Yield Yield Yield Yield Yield Yield Yield Yield
- ----------------- ----- ----- ----- ----- ----- ----- ----- ----- ----- -----
<S> <C>
98.968750 98-31 7.464 7.492 7.506 7.521 7.546 7.574 7.597 7.618 7.637 7.656
99.093750 99-03 7.440 7.462 7.473 7.484 7.504 7.525 7.543 7.559 7.574 7.588
99.218750 99-07 7.416 7.432 7.440 7.448 7.461 7.476 7.489 7.500 7.511 7.521
99.343750 99-11 7.393 7.402 7.406 7.411 7.419 7.428 7.435 7.441 7.447 7.453
99.468750 99-15 7.369 7.372 7.373 7.374 7.377 7.379 7.381 7.383 7.384 7.386
99.593750 99-19 7.346 7.342 7.340 7.338 7.334 7.330 7.327 7.324 7.321 7.319
99.718750 99-23 7.323 7.312 7.307 7.301 7.292 7.282 7.274 7.266 7.259 7.252
99.843750 99-27 7.299 7.283 7.274 7.265 7.250 7.234 7.220 7.208 7.196 7.185
99.968750 99-31 7.276 7.253 7.241 7.229 7.208 7.185 7.167 7.150 7.133 7.118
100.093750 100-03 7.253 7.223 7.208 7.192 7.166 7.137 7.113 7.091 7.071 7.052
100.218750 100-07 7.230 7.194 7.175 7.156 7.124 7.089 7.060 7.034 7.009 6.985
100.343750 100-11 7.206 7.164 7.142 7.120 7.082 7.041 7.007 6.976 6.946 6.919
100.468750 100-15 7.183 7.135 7.110 7.084 7.041 6.993 6.954 6.918 6.884 6.852
100.593750 100-19 7.160 7.106 7.077 7.048 6.999 6.945 6.901 6.860 6.822 6.786
100.718750 100-23 7.137 7.077 7.045 7.012 6.957 6.898 6.848 6.803 6.761 6.720
100.843750 100-27 7.114 7.047 7.012 6.977 6.916 6.850 6.795 6.746 6.699 6.654
100.968750 100-31 7.091 7.018 6.980 6.941 6.875 6.802 6.743 6.688 6.637 6.589
Average Life: 8.014 5.674 4.906 4.318 3.590 3.041 2.704 2.457 2.263 2.105
Mod Dur ( 99-31 ): 5.346 4.202 3.777 3.429 2.961 2.578 2.329 2.141 1.989 1.864
Start Date: 07/1997 07/1997 07/1997 07/1997 07/1997 07/1997 07/1997 07/1997 07/1997 07/1997
End Date: 12/2017 09/2012 07/2010 07/2008 08/2005 10/2003 11/2002 03/2002 09/2001 05/2001
Collateral Assumptions: Pass-Thru = 7.905%, Wac = 8.165%, Wam = 357, Wala = 3; 30 Days Interest on Prepayments
=============================================================================================================================
The computational materials contained herein and the data on which they are based are preliminary and subject to change.
Actual sales of the securities described herein will be made only pursuant to the terms set forth in a final prospectus.
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Settlement Date: 06/30/1997 FASI97-2G_gensen A3 Next Payment Date: 07/25/1997
=================== Interest Accrues From: 06/01/1997
Class: A-2 Par Balance: $6,137,857 Coupon: 7.250000%
100% 150% 175% 200% 245% 300% 350% 400% 450% 500%
PSA PSA PSA PSA PSA PSA PSA PSA PSA PSA
----- ----- ----- ----- ----- ----- ----- ----- ----- -----
Price Yield Yield Yield Yield Yield Yield Yield Yield Yield Yield
- ----------------- ----- ----- ----- ----- ----- ----- ----- ----- ----- -----
<S> <C>
95.875000 95-28 7.703 7.737 7.762 7.793 7.874 8.018 8.136 8.239 8.329 8.409
96.000000 96-00 7.691 7.723 7.748 7.778 7.856 7.995 8.109 8.208 8.295 8.372
96.125000 96-04 7.679 7.710 7.733 7.763 7.838 7.972 8.082 8.177 8.261 8.335
96.250000 96-08 7.667 7.697 7.719 7.748 7.820 7.949 8.055 8.146 8.227 8.298
96.375000 96-12 7.655 7.684 7.705 7.732 7.802 7.926 8.027 8.116 8.193 8.262
96.500000 96-16 7.643 7.671 7.691 7.717 7.784 7.903 8.000 8.085 8.160 8.225
96.625000 96-20 7.631 7.657 7.677 7.702 7.766 7.880 7.973 8.054 8.126 8.189
96.750000 96-24 7.619 7.644 7.663 7.687 7.748 7.857 7.946 8.024 8.092 8.152
96.875000 96-28 7.607 7.631 7.649 7.672 7.731 7.834 7.919 7.993 8.059 8.116
97.000000 97-00 7.595 7.618 7.635 7.657 7.713 7.811 7.893 7.963 8.025 8.080
97.125000 97-04 7.583 7.605 7.621 7.642 7.695 7.789 7.866 7.932 7.992 8.043
97.250000 97-08 7.571 7.592 7.608 7.627 7.677 7.766 7.839 7.902 7.958 8.007
97.375000 97-12 7.560 7.579 7.594 7.612 7.659 7.743 7.812 7.872 7.925 7.971
97.500000 97-16 7.548 7.566 7.580 7.597 7.642 7.721 7.785 7.842 7.891 7.935
97.625000 97-20 7.536 7.553 7.566 7.582 7.624 7.698 7.759 7.811 7.858 7.899
97.750000 97-24 7.524 7.540 7.552 7.567 7.606 7.675 7.732 7.781 7.825 7.863
97.875000 97-28 7.512 7.527 7.539 7.553 7.589 7.653 7.706 7.751 7.792 7.827
Average Life: 23.645 19.024 16.716 14.547 10.989 7.666 6.162 5.281 4.690 4.272
Mod Dur ( 96-28 ): 10.761 9.807 9.201 8.534 7.190 5.624 4.767 4.211 3.818 3.528
Start Date: 12/2017 09/2012 07/2010 07/2008 08/2005 10/2003 11/2002 03/2002 09/2001 05/2001
End Date: 08/2024 06/2021 05/2019 03/2017 03/2013 12/2007 09/2004 06/2003 09/2002 02/2002
Collateral Assumptions: Pass-Thru = 7.905%, Wac = 8.165%, Wam = 357, Wala = 3; 30 Days Interest on Prepayments
=============================================================================================================================
The computational materials contained herein and the data on which they are based are preliminary and subject to change.
Actual sales of the securities described herein will be made only pursuant to the terms set forth in a final prospectus.
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Settlement Date: 06/30/1997 FASI97-2G_gensen A5 Next Payment Date: 07/25/1997
=================== Interest Accrues From: 06/01/1997
Class: A-3 Par Balance: $2,658,970 Coupon: 7.750000%
100% 150% 175% 200% 245% 300% 350% 400% 450% 500%
PSA PSA PSA PSA PSA PSA PSA PSA PSA PSA
----- ----- ----- ----- ----- ----- ----- ----- ----- -----
Price Yield Yield Yield Yield Yield Yield Yield Yield Yield Yield
- ----------------- ----- ----- ----- ----- ----- ----- ----- ----- ----- -----
<S> <C>
97.000000 97-00 8.105 8.109 8.113 8.119 8.136 8.180 8.315 8.398 8.465 8.525
97.125000 97-04 8.093 8.097 8.101 8.107 8.123 8.164 8.293 8.372 8.435 8.491
97.250000 97-08 8.081 8.085 8.089 8.094 8.110 8.149 8.270 8.345 8.405 8.458
97.375000 97-12 8.069 8.073 8.077 8.082 8.096 8.133 8.248 8.319 8.375 8.425
97.500000 97-16 8.058 8.061 8.065 8.070 8.083 8.118 8.226 8.292 8.345 8.392
97.625000 97-20 8.046 8.050 8.053 8.057 8.070 8.102 8.203 8.265 8.315 8.359
97.750000 97-24 8.035 8.038 8.041 8.045 8.057 8.087 8.181 8.239 8.285 8.327
97.875000 97-28 8.023 8.026 8.029 8.033 8.044 8.071 8.159 8.213 8.255 8.294
98.000000 98-00 8.011 8.014 8.017 8.020 8.030 8.056 8.137 8.186 8.226 8.261
98.125000 98-04 8.000 8.002 8.005 8.008 8.017 8.041 8.115 8.160 8.196 8.228
98.250000 98-08 7.988 7.991 7.993 7.996 8.004 8.025 8.092 8.133 8.166 8.196
98.375000 98-12 7.977 7.979 7.981 7.984 7.991 8.010 8.070 8.107 8.137 8.163
98.500000 98-16 7.965 7.967 7.969 7.971 7.978 7.995 8.048 8.081 8.107 8.130
98.625000 98-20 7.954 7.956 7.957 7.959 7.965 7.980 8.026 8.055 8.078 8.098
98.750000 98-24 7.943 7.944 7.945 7.947 7.952 7.965 8.004 8.029 8.048 8.066
98.875000 98-28 7.931 7.932 7.933 7.935 7.939 7.949 7.982 8.003 8.019 8.033
99.000000 99-00 7.920 7.921 7.922 7.923 7.926 7.934 7.960 7.977 7.989 8.001
Average Life: 28.457 26.618 25.203 23.505 19.952 14.730 8.018 6.328 5.435 4.829
Mod Dur ( 98-00 ): 10.982 10.767 10.576 10.314 9.643 8.270 5.717 4.806 4.263 3.872
Start Date: 08/2024 06/2021 05/2019 03/2017 03/2013 12/2007 09/2004 06/2003 09/2002 02/2002
End Date: 03/2027 03/2027 03/2027 03/2027 03/2027 03/2027 03/2027 03/2004 02/2003 06/2002
Collateral Assumptions: Pass-Thru = 7.905%, Wac = 8.165%, Wam = 357, Wala = 3; 30 Days Interest on Prepayments
=============================================================================================================================
The computational materials contained herein and the data on which they are based are preliminary and subject to change.
Actual sales of the securities described herein will be made only pursuant to the terms set forth in a final prospectus.
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Settlement Date: 06/30/1997 FASI97-2G_gensen B1 Next Payment Date: 07/25/1997
=================== Interest Accrues From: 06/01/1997
Class: A-5 Par Balance: $20,760,857 Coupon: 9.000000%
100% 150% 175% 200% 245% 300% 350% 400% 450% 500%
PSA PSA PSA PSA PSA PSA PSA PSA PSA PSA
----- ----- ----- ----- ----- ----- ----- ----- ----- -----
Price Yield Yield Yield Yield Yield Yield Yield Yield Yield Yield
- ----------------- ----- ----- ----- ----- ----- ----- ----- ----- ----- -----
<S> <C>
103.500000 103-16 8.443 8.291 8.209 8.124 7.962 7.758 7.592 7.444 7.307 7.180
103.625000 103-20 8.422 8.265 8.181 8.093 7.927 7.716 7.545 7.393 7.252 7.121
103.750000 103-24 8.401 8.239 8.153 8.062 7.891 7.675 7.499 7.342 7.197 7.062
103.875000 103-28 8.379 8.214 8.125 8.032 7.856 7.633 7.452 7.291 7.142 7.004
104.000000 104-00 8.358 8.188 8.097 8.001 7.820 7.592 7.406 7.240 7.087 6.945
104.125000 104-04 8.337 8.163 8.069 7.971 7.785 7.550 7.360 7.190 7.033 6.887
104.250000 104-08 8.316 8.137 8.041 7.940 7.750 7.509 7.314 7.139 6.978 6.829
104.375000 104-12 8.295 8.112 8.013 7.910 7.715 7.468 7.268 7.089 6.924 6.771
104.500000 104-16 8.274 8.086 7.985 7.880 7.680 7.427 7.222 7.038 6.869 6.713
104.625000 104-20 8.253 8.061 7.957 7.849 7.645 7.386 7.176 6.988 6.815 6.655
104.750000 104-24 8.232 8.036 7.930 7.819 7.610 7.345 7.130 6.938 6.761 6.597
104.875000 104-28 8.211 8.010 7.902 7.789 7.575 7.304 7.084 6.888 6.707 6.539
105.000000 105-00 8.190 7.985 7.875 7.759 7.540 7.263 7.039 6.838 6.653 6.482
105.125000 105-04 8.170 7.960 7.847 7.729 7.506 7.223 6.993 6.788 6.599 6.424
105.250000 105-08 8.149 7.935 7.820 7.699 7.471 7.182 6.947 6.738 6.546 6.367
105.375000 105-12 8.128 7.910 7.792 7.669 7.436 7.141 6.902 6.689 6.492 6.309
105.500000 105-16 8.107 7.885 7.765 7.640 7.402 7.101 6.857 6.639 6.438 6.252
Average Life: 9.862 7.253 6.303 5.528 4.465 3.588 3.113 2.791 2.550 2.362
Mod Dur (104-16 ): 5.661 4.680 4.279 3.926 3.393 2.893 2.586 2.363 2.189 2.049
Start Date: 07/1997 07/1997 07/1997 07/1997 07/1997 07/1997 07/1997 07/1997 07/1997 07/1997
End Date: 08/2024 06/2021 05/2019 03/2017 03/2013 12/2007 09/2004 06/2003 09/2002 02/2002
Collateral Assumptions: Pass-Thru = 7.905%, Wac = 8.165%, Wam = 357, Wala = 3; 30 Days Interest on Prepayments
=============================================================================================================================
The computational materials contained herein and the data on which they are based are preliminary and subject to change.
Actual sales of the securities described herein will be made only pursuant to the terms set forth in a final prospectus.
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Settlement Date: 06/30/1997 FASI97-2G_gensen A5 Next Payment Date: 07/25/1997
=================== Interest Accrues From: 06/01/1997
Class: A-3 Par Balance: $2,658,970 Coupon: 7.750000%
100% 150% 175% 200% 245% 300% 350% 400% 450% 500%
PSA PSA PSA PSA PSA PSA PSA PSA PSA PSA
----- ----- ----- ----- ----- ----- ----- ----- ----- -----
Price Yield Yield Yield Yield Yield Yield Yield Yield Yield Yield
- ----------------- ----- ----- ----- ----- ----- ----- ----- ----- ----- -----
<S> <C>
98.468750 98-15 7.968 7.970 7.972 7.974 7.981 7.999 8.054 8.088 8.115 8.139
98.593750 98-19 7.957 7.959 7.960 7.962 7.968 7.984 8.032 8.061 8.085 8.106
98.718750 98-23 7.945 7.947 7.948 7.950 7.955 7.968 8.010 8.035 8.056 8.074
98.843750 98-27 7.934 7.935 7.936 7.938 7.942 7.953 7.988 8.009 8.026 8.041
98.968750 98-31 7.923 7.924 7.925 7.926 7.929 7.938 7.966 7.983 7.997 8.009
99.093750 99-03 7.911 7.912 7.913 7.914 7.916 7.923 7.944 7.957 7.967 7.977
99.218750 99-07 7.900 7.901 7.901 7.902 7.903 7.908 7.922 7.931 7.938 7.944
99.343750 99-11 7.889 7.889 7.889 7.890 7.891 7.893 7.900 7.905 7.909 7.912
99.468750 99-15 7.878 7.878 7.878 7.878 7.878 7.878 7.879 7.879 7.880 7.880
99.593750 99-19 7.866 7.866 7.866 7.866 7.865 7.863 7.857 7.853 7.850 7.848
99.718750 99-23 7.855 7.855 7.854 7.854 7.852 7.848 7.835 7.827 7.821 7.816
99.843750 99-27 7.844 7.843 7.843 7.842 7.839 7.833 7.814 7.802 7.792 7.784
99.968750 99-31 7.833 7.832 7.831 7.830 7.826 7.818 7.792 7.776 7.763 7.752
100.093750 100-03 7.822 7.820 7.819 7.818 7.814 7.803 7.770 7.750 7.734 7.720
100.218750 100-07 7.810 7.809 7.808 7.806 7.801 7.788 7.749 7.725 7.705 7.688
100.343750 100-11 7.799 7.798 7.796 7.794 7.788 7.774 7.727 7.699 7.676 7.656
100.468750 100-15 7.788 7.786 7.785 7.782 7.776 7.759 7.706 7.673 7.647 7.624
Average Life: 28.457 26.618 25.203 23.505 19.952 14.730 8.018 6.328 5.435 4.829
Mod Dur ( 99-15 ): 11.093 10.871 10.674 10.406 9.720 8.327 5.743 4.825 4.279 3.886
Start Date: 08/2024 06/2021 05/2019 03/2017 03/2013 12/2007 09/2004 06/2003 09/2002 02/2002
End Date: 03/2027 03/2027 03/2027 03/2027 03/2027 03/2027 03/2027 03/2004 02/2003 06/2002
Collateral Assumptions: Pass-Thru = 7.905%, Wac = 8.165%, Wam = 357, Wala = 3; 30 Days Interest on Prepayments
=============================================================================================================================
The computational materials contained herein and the data on which they are based are preliminary and subject to change.
Actual sales of the securities described herein will be made only pursuant to the terms set forth in a final prospectus.
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Settlement Date: 06/30/1997 FASI97-2F_gensen B1 Next Payment Date: 07/25/1997
=================== Interest Accrues From: 06/01/1997
Class: FX-1 Par Balance: $20,635,772 Coupon: 6.850000%
75% 85% 100% 115% 125% 135% 150% 165% 175%
PPC PPC PPC PPC PPC PPC PPC PPC PPC
----- ----- ----- ----- ----- ----- ----- ----- -----
Price Yield Yield Yield Yield Yield Yield Yield Yield Yield
- ----------------- ----- ----- ----- ----- ----- ----- ----- ----- -----
<S> <C>
99.875000 99-28 6.707 6.683 6.649 6.616 6.596 6.575 6.546 6.517 6.499
99.890625 99-28+ 6.696 6.671 6.635 6.601 6.579 6.558 6.527 6.497 6.478
99.906250 99-29 6.684 6.658 6.621 6.585 6.562 6.540 6.508 6.477 6.457
99.921875 99-29+ 6.673 6.646 6.607 6.570 6.546 6.523 6.489 6.457 6.436
99.937500 99-30 6.662 6.633 6.593 6.554 6.529 6.505 6.470 6.437 6.415
99.953125 99-30+ 6.650 6.621 6.579 6.538 6.513 6.488 6.451 6.416 6.394
99.968750 99-31 6.639 6.608 6.565 6.523 6.496 6.470 6.433 6.396 6.373
99.984375 99-31+ 6.628 6.596 6.551 6.507 6.480 6.453 6.414 6.376 6.352
100.000000 100-00 6.616 6.584 6.537 6.492 6.463 6.435 6.395 6.356 6.330
100.015625 100-00+ 6.605 6.571 6.523 6.476 6.447 6.418 6.376 6.336 6.309
100.031250 100-01 6.594 6.559 6.509 6.461 6.430 6.400 6.357 6.315 6.288
100.046875 100-01+ 6.582 6.546 6.495 6.445 6.414 6.383 6.338 6.295 6.267
100.062500 100-02 6.571 6.534 6.480 6.430 6.397 6.365 6.319 6.275 6.246
100.078125 100-02+ 6.560 6.521 6.466 6.414 6.381 6.348 6.301 6.255 6.225
100.093750 100-03 6.548 6.509 6.452 6.399 6.364 6.330 6.282 6.235 6.204
100.109375 100-03+ 6.537 6.497 6.438 6.383 6.348 6.313 6.263 6.215 6.183
100.125000 100-04 6.526 6.484 6.424 6.367 6.331 6.295 6.244 6.194 6.162
Average Life: 1.506 1.363 1.198 1.075 1.009 0.951 0.879 0.819 0.784
Mod Dur (100-00 ): 1.373 1.250 1.107 0.999 0.940 0.889 0.824 0.770 0.738
Start Date: 07/1997 07/1997 07/1997 07/1997 07/1997 07/1997 07/1997 07/1997 07/1997
End Date: 04/2000 01/2000 09/1999 06/1999 04/1999 03/1999 01/1999 11/1998 11/1998
Collateral Assumptions: Pass-Thru = 8.590%, Wac = 8.850%, Wam = 358, Wala = 1; 30 Days Interest on Prepayments
100% PPC = (1) 4, (2) 5.090909, (3) 6.181818, (4) 7.272727, (5) 8.363636, (6) 9.454545, (7) 10.545455, (8) 11.636364,
(9) 12.727273, (10) 13.818182, (11) 14.909091, (12-494) 16 (all values are)
=============================================================================================================================
The computational materials contained herein and the data on which they are based are preliminary and subject to change.
Actual sales of the securities described herein will be made only pursuant to the terms set forth in a final prospectus.
THESE MATERIALS HAVE BEEN PREPARED AND DISSEMINATED SOLELY BY AND ON BEHALF OF DONALDSON,
LUFKIN & JENRETTE SECURITIES CORPORATION AND NOT BY THE ISSUER OF THE SECURITIES.
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Settlement Date: 06/30/1997 FASI97-2F_gensen B1 Next Payment Date: 07/25/1997
=================== Interest Accrues From: 06/01/1997
Class: FX-1 Par Balance: $20,635,772 Coupon: 6.850000%
100%
PPC
-----
Price Yield
- ----------------- -----
<S> <C>
99.000000 99-00 7.442
99.031250 99-01 7.414
99.062500 99-02 7.385
99.093750 99-03 7.357
99.125000 99-04 7.328
99.156250 99-05 7.300
99.187500 99-06 7.271
99.218750 99-07 7.243
99.250000 99-08 7.214
99.281250 99-09 7.186
99.312500 99-10 7.158
99.343750 99-11 7.129
99.375000 99-12 7.101
99.406250 99-13 7.073
99.437500 99-14 7.044
99.468750 99-15 7.016
99.500000 99-16 6.988
99.531250 99-17 6.959
99.562500 99-18 6.931
99.593750 99-19 6.903
Average Life: 1.198
Mod Dur ( 99-09 ): 1.102
Start Date: 07/1997
End Date: 09/1999
Collateral Assumptions: Pass-Thru = 8.590%, Wac = 8.850%, Wam = 358, Wala = 1; 30 Days Interest on Prepayments
100% PPC = (1) 4, (2) 5.090909, (3) 6.181818, (4) 7.272727, (5) 8.363636, (6) 9.454545, (7) 10.545455, (8) 11.636364,
(9) 12.727273, (10) 13.818182, (11) 14.909091, (12-494) 16 (all values are)
=============================================================================================================================
The computational materials contained herein and the data on which they are based are preliminary and subject to change.
Actual sales of the securities described herein will be made only pursuant to the terms set forth in a final prospectus.
THESE MATERIALS HAVE BEEN PREPARED AND DISSEMINATED SOLELY BY AND ON BEHALF OF DONALDSON,
LUFKIN & JENRETTE SECURITIES CORPORATION AND NOT BY THE ISSUER OF THE SECURITIES.
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Settlement Date: 06/30/1997 FASI97-2F_gensen B1 Next Payment Date: 07/25/1997
=================== Interest Accrues From: 06/01/1997
Class: FX-1 Par Balance: $20,635,772 Coupon: 6.850000%
100%
PPC
-----
Price Yield
- ----------------- -----
<S> <C>
99.625000 99-20 6.874
99.656250 99-21 6.846
99.687500 99-22 6.818
99.718750 99-23 6.790
99.750000 99-24 6.762
99.781250 99-25 6.733
99.812500 99-26 6.705
99.843750 99-27 6.677
99.875000 99-28 6.649
99.906250 99-29 6.621
99.937500 99-30 6.593
99.968750 99-31 6.565
100.000000 100-00 6.537
100.031250 100-01 6.509
100.062500 100-02 6.480
100.093750 100-03 6.452
100.125000 100-04 6.424
100.156250 100-05 6.396
100.187500 100-06 6.368
100.218750 100-07 6.340
Average Life: 1.198
Mod Dur ( 99-29 ): 1.107
Start Date: 07/1997
End Date: 09/1999
Collateral Assumptions: Pass-Thru = 8.590%, Wac = 8.850%, Wam = 358, Wala = 1; 30 Days Interest on Prepayments
100% PPC = (1) 4, (2) 5.090909, (3) 6.181818, (4) 7.272727, (5) 8.363636, (6) 9.454545, (7) 10.545455, (8) 11.636364,
(9) 12.727273, (10) 13.818182, (11) 14.909091, (12-494) 16 (all values are)
=============================================================================================================================
The computational materials contained herein and the data on which they are based are preliminary and subject to change.
Actual sales of the securities described herein will be made only pursuant to the terms set forth in a final prospectus.
THESE MATERIALS HAVE BEEN PREPARED AND DISSEMINATED SOLELY BY AND ON BEHALF OF DONALDSON,
LUFKIN & JENRETTE SECURITIES CORPORATION AND NOT BY THE ISSUER OF THE SECURITIES.
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Settlement Date: 06/30/1997 FASI97-2F_gensen A5 Next Payment Date: 07/25/1997
=================== Interest Accrues From: 06/01/1997
Class: FX-3 Par Balance: $15,370,618 Coupon: 7.300000%
75% 85% 90% 95% 100% 125% 135% 150% 175% 200%
PPC PPC PPC PPC PPC PPC PPC PPC PPC PPC
----- ----- ----- ----- ----- ----- ----- ----- ----- -----
Price Yield Yield Yield Yield Yield Yield Yield Yield Yield Yield
- ----------------- ----- ----- ----- ----- ----- ----- ----- ----- ----- -----
<S> <C>
99.718750 99-23 7.349 7.343 7.340 7.336 7.333 7.317 7.310 7.301 7.285 7.270
99.843750 99-27 7.312 7.301 7.296 7.290 7.285 7.259 7.249 7.233 7.208 7.184
99.968750 99-31 7.274 7.259 7.252 7.244 7.237 7.201 7.187 7.166 7.132 7.098
100.093750 100-03 7.236 7.217 7.208 7.199 7.189 7.144 7.126 7.099 7.055 7.012
100.218750 100-07 7.198 7.176 7.164 7.153 7.142 7.086 7.064 7.032 6.979 6.926
100.343750 100-11 7.161 7.134 7.121 7.107 7.094 7.029 7.003 6.965 6.902 6.841
100.468750 100-15 7.123 7.092 7.077 7.062 7.047 6.971 6.942 6.898 6.826 6.755
100.593750 100-19 7.085 7.051 7.034 7.016 6.999 6.914 6.881 6.831 6.750 6.670
100.718750 100-23 7.048 7.009 6.990 6.971 6.952 6.857 6.820 6.764 6.674 6.585
100.843750 100-27 7.010 6.968 6.947 6.926 6.904 6.800 6.759 6.698 6.598 6.500
100.968750 100-31 6.973 6.927 6.903 6.880 6.857 6.743 6.698 6.631 6.522 6.415
101.093750 101-03 6.936 6.885 6.860 6.835 6.810 6.686 6.638 6.565 6.447 6.331
101.218750 101-07 6.899 6.844 6.817 6.790 6.763 6.630 6.577 6.499 6.371 6.246
101.343750 101-11 6.861 6.803 6.774 6.745 6.716 6.573 6.517 6.433 6.296 6.162
101.468750 101-15 6.824 6.762 6.731 6.700 6.669 6.516 6.456 6.367 6.221 6.078
101.593750 101-19 6.787 6.721 6.688 6.655 6.622 6.460 6.396 6.301 6.146 5.994
101.718750 101-23 6.750 6.680 6.645 6.610 6.575 6.404 6.336 6.235 6.071 5.910
Average Life: 3.919 3.489 3.309 3.147 3.000 2.438 2.271 2.060 1.789 1.585
Mod Dur (100-23 ): 3.294 2.978 2.843 2.719 2.606 2.162 2.027 1.853 1.626 1.451
Start Date: 04/2000 01/2000 11/1999 10/1999 09/1999 04/1999 03/1999 01/1999 11/1998 09/1998
End Date: 07/2002 12/2001 10/2001 07/2001 05/2001 08/2000 05/2000 02/2000 09/1999 06/1999
Collateral Assumptions: Pass-Thru = 8.590%, Wac = 8.850%, Wam = 358, Wala = 1; 30 Days Interest on Prepayments
100% PPC = (1) 4, (2) 5.090909, (3) 6.181818, (4) 7.272727, (5) 8.363636, (6) 9.454545, (7) 10.545455, (8) 11.636364,
(9) 12.727273, (10) 13.818182, (11) 14.909091, (12-494) 16 (all values are)
=============================================================================================================================
The computational materials contained herein and the data on which they are based are preliminary and subject to change.
Actual sales of the securities described herein will be made only pursuant to the terms set forth in a final prospectus.
THESE MATERIALS HAVE BEEN PREPARED AND DISSEMINATED SOLELY BY AND ON BEHALF OF DONALDSON,
LUFKIN & JENRETTE SECURITIES CORPORATION AND NOT BY THE ISSUER OF THE SECURITIES.
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Settlement Date: 06/30/1997 FASI97-2F_gensen A5 Next Payment Date: 07/25/1997
=================== Interest Accrues From: 06/01/1997
Class: FX-3 Par Balance: $15,370,618 Coupon: 7.300000%
75% 85% 90% 95% 100% 115% 125% 135% 150% 175%
PPC PPC PPC PPC PPC PPC PPC PPC PPC PPC
----- ----- ----- ----- ----- ----- ----- ----- ----- -----
Price Yield Yield Yield Yield Yield Yield Yield Yield Yield Yield
- ----------------- ----- ----- ----- ----- ----- ----- ----- ----- ----- -----
<S> <C>
99.250000 99-08 7.492 7.501 7.505 7.509 7.513 7.526 7.534 7.542 7.555 7.575
99.375000 99-12 7.454 7.458 7.461 7.463 7.465 7.472 7.476 7.480 7.487 7.497
99.500000 99-16 7.416 7.416 7.417 7.417 7.417 7.418 7.418 7.418 7.419 7.420
99.625000 99-20 7.378 7.374 7.372 7.371 7.369 7.364 7.360 7.357 7.351 7.343
99.750000 99-24 7.340 7.332 7.329 7.325 7.321 7.310 7.302 7.295 7.284 7.266
99.875000 99-28 7.302 7.290 7.285 7.279 7.273 7.256 7.244 7.233 7.216 7.189
100.000000 100-00 7.264 7.249 7.241 7.233 7.225 7.202 7.187 7.172 7.149 7.112
100.125000 100-04 7.226 7.207 7.197 7.187 7.178 7.149 7.129 7.110 7.082 7.036
100.250000 100-08 7.189 7.165 7.153 7.142 7.130 7.095 7.072 7.049 7.015 6.959
100.375000 100-12 7.151 7.123 7.110 7.096 7.082 7.041 7.014 6.988 6.948 6.883
100.500000 100-16 7.114 7.082 7.066 7.050 7.035 6.988 6.957 6.927 6.881 6.807
100.625000 100-20 7.076 7.040 7.023 7.005 6.987 6.935 6.900 6.866 6.814 6.731
100.750000 100-24 7.039 6.999 6.979 6.960 6.940 6.882 6.843 6.805 6.748 6.655
100.875000 100-28 7.001 6.958 6.936 6.914 6.893 6.828 6.786 6.744 6.681 6.579
101.000000 101-00 6.964 6.916 6.893 6.869 6.845 6.775 6.729 6.683 6.615 6.504
101.125000 101-04 6.926 6.875 6.849 6.824 6.798 6.722 6.672 6.623 6.548 6.428
101.250000 101-08 6.889 6.834 6.806 6.779 6.751 6.670 6.615 6.562 6.482 6.353
Average Life: 3.919 3.489 3.309 3.147 3.000 2.635 2.438 2.271 2.060 1.789
Mod Dur (100-08 ): 3.290 2.975 2.839 2.716 2.603 2.317 2.159 2.024 1.850 1.623
Start Date: 04/2000 01/2000 11/1999 10/1999 09/1999 06/1999 04/1999 03/1999 01/1999 11/1998
End Date: 07/2002 12/2001 10/2001 07/2001 05/2001 11/2000 08/2000 05/2000 02/2000 09/1999
Collateral Assumptions: Pass-Thru = 8.590%, Wac = 8.850%, Wam = 358, Wala = 1; 30 Days Interest on Prepayments
100% PPC = (1) 4, (2) 5.090909, (3) 6.181818, (4) 7.272727, (5) 8.363636, (6) 9.454545, (7) 10.545455, (8) 11.636364,
(9) 12.727273, (10) 13.818182, (11) 14.909091, (12-494) 16 (all values are)
=============================================================================================================================
The computational materials contained herein and the data on which they are based are preliminary and subject to change.
Actual sales of the securities described herein will be made only pursuant to the terms set forth in a final prospectus.
THESE MATERIALS HAVE BEEN PREPARED AND DISSEMINATED SOLELY BY AND ON BEHALF OF DONALDSON,
LUFKIN & JENRETTE SECURITIES CORPORATION AND NOT BY THE ISSUER OF THE SECURITIES.
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Settlement Date: 06/30/1997 FASI97-2F_gensen A9 Next Payment Date: 07/25/1997
=================== Interest Accrues From: 06/01/1997
Class: FX-5 Par Balance: $3,694,556 Coupon: 7.700000%
75% 85% 90% 95% 100% 125% 135% 150% 175% 200%
PPC PPC PPC PPC PPC PPC PPC PPC PPC PPC
----- ----- ----- ----- ----- ----- ----- ----- ----- -----
Price Yield Yield Yield Yield Yield Yield Yield Yield Yield Yield
- ----------------- ----- ----- ----- ----- ----- ----- ----- ----- ----- -----
<S> <C>
99.781250 99-25 7.785 7.778 7.775 7.771 7.768 7.754 7.748 7.741 7.729 7.716
99.906250 99-29 7.768 7.759 7.754 7.749 7.744 7.724 7.716 7.706 7.688 7.671
100.031250 100-01 7.751 7.739 7.733 7.726 7.721 7.694 7.684 7.671 7.648 7.625
100.156250 100-05 7.734 7.720 7.711 7.704 7.697 7.664 7.652 7.636 7.608 7.579
100.281250 100-09 7.717 7.700 7.690 7.682 7.673 7.634 7.620 7.601 7.567 7.534
100.406250 100-13 7.700 7.681 7.670 7.659 7.650 7.604 7.588 7.565 7.527 7.489
100.531250 100-17 7.684 7.661 7.649 7.637 7.626 7.575 7.556 7.530 7.487 7.443
100.656250 100-21 7.667 7.642 7.628 7.615 7.602 7.545 7.524 7.496 7.447 7.398
100.781250 100-25 7.650 7.622 7.607 7.592 7.579 7.515 7.492 7.461 7.407 7.353
100.906250 100-29 7.634 7.603 7.586 7.570 7.555 7.486 7.460 7.426 7.367 7.307
101.031250 101-01 7.617 7.584 7.565 7.548 7.532 7.456 7.429 7.391 7.327 7.262
101.156250 101-05 7.600 7.565 7.544 7.526 7.508 7.427 7.397 7.356 7.287 7.217
101.281250 101-09 7.584 7.545 7.524 7.504 7.485 7.397 7.365 7.322 7.248 7.172
101.406250 101-13 7.567 7.526 7.503 7.482 7.462 7.368 7.334 7.287 7.208 7.128
101.531250 101-17 7.551 7.507 7.482 7.460 7.438 7.339 7.302 7.253 7.168 7.083
101.656250 101-21 7.534 7.488 7.462 7.438 7.415 7.309 7.271 7.218 7.129 7.038
101.781250 101-25 7.518 7.469 7.441 7.416 7.392 7.280 7.239 7.184 7.089 6.993
Average Life: 11.501 9.182 8.254 7.552 7.000 5.226 4.785 4.292 3.654 3.177
Mod Dur (100-25 ): 7.390 6.372 5.914 5.544 5.239 4.164 3.874 3.537 3.083 2.728
Start Date: 08/2007 08/2005 12/2004 05/2004 12/2003 05/2002 01/2002 07/2001 12/2000 07/2000
End Date: 06/2010 12/2007 09/2006 10/2005 01/2005 01/2003 06/2002 12/2001 04/2001 10/2000
Collateral Assumptions: Pass-Thru = 8.590%, Wac = 8.850%, Wam = 358, Wala = 1; 30 Days Interest on Prepayments
100% PPC = (1) 4, (2) 5.090909, (3) 6.181818, (4) 7.272727, (5) 8.363636, (6) 9.454545, (7) 10.545455, (8) 11.636364,
(9) 12.727273, (10) 13.818182, (11) 14.909091, (12-494) 16 (all values are)
=============================================================================================================================
The computational materials contained herein and the data on which they are based are preliminary and subject to change.
Actual sales of the securities described herein will be made only pursuant to the terms set forth in a final prospectus.
THESE MATERIALS HAVE BEEN PREPARED AND DISSEMINATED SOLELY BY AND ON BEHALF OF DONALDSON,
LUFKIN & JENRETTE SECURITIES CORPORATION AND NOT BY THE ISSUER OF THE SECURITIES.
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Settlement Date: 06/30/1997 FASI97-2F_gensen A9 Next Payment Date: 07/25/1997
=================== Interest Accrues From: 06/01/1997
Class: FX-5 Par Balance: $3,694,556 Coupon: 7.700000%
75% 85% 90% 95% 100% 115% 125% 135% 150% 175%
PPC PPC PPC PPC PPC PPC PPC PPC PPC PPC
----- ----- ----- ----- ----- ----- ----- ----- ----- -----
Price Yield Yield Yield Yield Yield Yield Yield Yield Yield Yield
- ----------------- ----- ----- ----- ----- ----- ----- ----- ----- ----- -----
<S> <C>
98.843750 98-27 7.912 7.926 7.934 7.941 7.948 7.967 7.980 7.991 8.007 8.034
98.968750 98-31 7.895 7.906 7.913 7.918 7.924 7.939 7.950 7.959 7.972 7.993
99.093750 99-03 7.878 7.887 7.891 7.896 7.900 7.912 7.919 7.926 7.936 7.953
99.218750 99-07 7.861 7.867 7.870 7.873 7.876 7.884 7.889 7.894 7.901 7.912
99.343750 99-11 7.844 7.847 7.849 7.850 7.852 7.856 7.859 7.862 7.865 7.871
99.468750 99-15 7.827 7.827 7.828 7.828 7.828 7.828 7.829 7.829 7.830 7.830
99.593750 99-19 7.810 7.808 7.806 7.805 7.804 7.801 7.799 7.797 7.794 7.790
99.718750 99-23 7.793 7.788 7.785 7.783 7.780 7.773 7.769 7.765 7.759 7.749
99.843750 99-27 7.776 7.768 7.764 7.760 7.756 7.746 7.739 7.732 7.724 7.709
99.968750 99-31 7.759 7.749 7.743 7.738 7.733 7.718 7.709 7.700 7.688 7.668
100.093750 100-03 7.742 7.729 7.722 7.715 7.709 7.691 7.679 7.668 7.653 7.628
100.218750 100-07 7.726 7.710 7.701 7.693 7.685 7.663 7.649 7.636 7.618 7.588
100.343750 100-11 7.709 7.690 7.680 7.670 7.661 7.636 7.619 7.604 7.583 7.547
100.468750 100-15 7.692 7.671 7.659 7.648 7.638 7.609 7.590 7.572 7.548 7.507
100.593750 100-19 7.675 7.652 7.638 7.626 7.614 7.582 7.560 7.540 7.513 7.467
100.718750 100-23 7.659 7.632 7.617 7.603 7.591 7.554 7.530 7.508 7.478 7.427
100.843750 100-27 7.642 7.613 7.596 7.581 7.567 7.527 7.501 7.476 7.443 7.387
Average Life: 11.501 9.182 8.254 7.552 7.000 5.810 5.226 4.785 4.292 3.654
Mod Dur ( 99-27 ): 7.366 6.353 5.898 5.530 5.226 4.524 4.155 3.865 3.529 3.075
Start Date: 08/2007 08/2005 12/2004 05/2004 12/2003 12/2002 05/2002 01/2002 07/2001 12/2000
End Date: 06/2010 12/2007 09/2006 10/2005 01/2005 09/2003 01/2003 06/2002 12/2001 04/2001
Collateral Assumptions: Pass-Thru = 8.590%, Wac = 8.850%, Wam = 358, Wala = 1; 30 Days Interest on Prepayments
100% PPC = (1) 4, (2) 5.090909, (3) 6.181818, (4) 7.272727, (5) 8.363636, (6) 9.454545, (7) 10.545455, (8) 11.636364,
(9) 12.727273, (10) 13.818182, (11) 14.909091, (12-494) 16 (all values are)
=============================================================================================================================
The computational materials contained herein and the data on which they are based are preliminary and subject to change.
Actual sales of the securities described herein will be made only pursuant to the terms set forth in a final prospectus.
THESE MATERIALS HAVE BEEN PREPARED AND DISSEMINATED SOLELY BY AND ON BEHALF OF DONALDSON,
LUFKIN & JENRETTE SECURITIES CORPORATION AND NOT BY THE ISSUER OF THE SECURITIES.
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Settlement Date: 06/30/1997 FASI97-2F_gensen A11 Next Payment Date: 07/25/1997
==================== Interest Accrues From: 06/01/1997
Class: FX-6 Par Balance: $5,773,275 Coupon: 7.750000%
75% 85% 90% 95% 100% 125% 135% 150% 175% 200%
PPC PPC PPC PPC PPC PPC PPC PPC PPC PPC
----- ----- ----- ----- ----- ----- ----- ----- ----- -----
Price Yield Yield Yield Yield Yield Yield Yield Yield Yield Yield
- ----------------- ----- ----- ----- ----- ----- ----- ----- ----- ----- -----
<S> <C>
100.000000 100-00 7.819 7.813 7.810 7.805 7.799 7.768 7.758 7.745 7.725 7.705
100.125000 100-04 7.805 7.798 7.794 7.787 7.780 7.742 7.730 7.713 7.689 7.664
100.250000 100-08 7.791 7.783 7.777 7.770 7.761 7.716 7.701 7.681 7.652 7.623
100.375000 100-12 7.778 7.768 7.761 7.753 7.743 7.690 7.673 7.650 7.616 7.582
100.500000 100-16 7.764 7.753 7.746 7.736 7.724 7.664 7.645 7.618 7.580 7.541
100.625000 100-20 7.750 7.738 7.730 7.719 7.706 7.638 7.617 7.587 7.544 7.500
100.750000 100-24 7.737 7.723 7.714 7.702 7.687 7.612 7.588 7.555 7.507 7.459
100.875000 100-28 7.723 7.708 7.698 7.685 7.669 7.586 7.560 7.524 7.471 7.418
101.000000 101-00 7.710 7.693 7.682 7.668 7.650 7.560 7.532 7.493 7.435 7.378
101.125000 101-04 7.696 7.678 7.666 7.651 7.632 7.535 7.504 7.461 7.399 7.337
101.250000 101-08 7.682 7.663 7.650 7.634 7.614 7.509 7.476 7.430 7.364 7.296
101.375000 101-12 7.669 7.649 7.635 7.617 7.595 7.483 7.448 7.399 7.328 7.256
101.500000 101-16 7.655 7.634 7.619 7.600 7.577 7.458 7.420 7.368 7.292 7.215
101.625000 101-20 7.642 7.619 7.603 7.583 7.559 7.432 7.392 7.337 7.256 7.175
101.750000 101-24 7.628 7.604 7.587 7.566 7.541 7.406 7.364 7.305 7.220 7.135
101.875000 101-28 7.615 7.589 7.572 7.549 7.522 7.381 7.337 7.274 7.185 7.094
102.000000 102-00 7.602 7.575 7.556 7.533 7.504 7.355 7.309 7.243 7.149 7.054
Average Life: 16.750 14.068 12.703 11.322 9.999 6.211 5.572 4.871 4.126 3.575
Mod Dur (101-00 ): 9.054 8.244 7.766 7.233 6.679 4.771 4.380 3.927 3.418 3.023
Start Date: 06/2010 12/2007 09/2006 10/2005 01/2005 01/2003 06/2002 12/2001 04/2001 10/2000
End Date: 12/2019 04/2017 11/2015 04/2014 08/2012 06/2004 09/2003 10/2002 12/2001 04/2001
Collateral Assumptions: Pass-Thru = 8.590%, Wac = 8.850%, Wam = 358, Wala = 1; 30 Days Interest on Prepayments
100% PPC = (1) 4, (2) 5.090909, (3) 6.181818, (4) 7.272727, (5) 8.363636, (6) 9.454545, (7) 10.545455, (8) 11.636364,
(9) 12.727273, (10) 13.818182, (11) 14.909091, (12-494) 16 (all values are)
=============================================================================================================================
The computational materials contained herein and the data on which they are based are preliminary and subject to change.
Actual sales of the securities described herein will be made only pursuant to the terms set forth in a final prospectus.
THESE MATERIALS HAVE BEEN PREPARED AND DISSEMINATED SOLELY BY AND ON BEHALF OF DONALDSON,
LUFKIN & JENRETTE SECURITIES CORPORATION AND NOT BY THE ISSUER OF THE SECURITIES.
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Settlement Date: 06/30/1997 FASI97-2F_gensen A13 Next Payment Date: 07/25/1997
==================== Interest Accrues From: 06/01/1997
Class: FX-7 Par Balance: $1,463,497 Coupon: 8.000000%
75% 85% 90% 95% 100% 125% 135% 150% 175% 200%
PPC PPC PPC PPC PPC PPC PPC PPC PPC PPC
----- ----- ----- ----- ----- ----- ----- ----- ----- -----
Price Yield Yield Yield Yield Yield Yield Yield Yield Yield Yield
- ----------------- ----- ----- ----- ----- ----- ----- ----- ----- ----- -----
<S> <C>
101.125000 101-04 7.979 7.974 7.971 7.966 7.960 7.828 7.795 7.750 7.686 7.628
101.250000 101-08 7.967 7.962 7.958 7.954 7.948 7.805 7.770 7.722 7.653 7.591
101.375000 101-12 7.955 7.950 7.946 7.941 7.935 7.782 7.745 7.693 7.620 7.553
101.500000 101-16 7.944 7.938 7.934 7.929 7.922 7.759 7.720 7.664 7.586 7.515
101.625000 101-20 7.932 7.926 7.922 7.916 7.909 7.737 7.694 7.636 7.553 7.478
101.750000 101-24 7.921 7.914 7.910 7.904 7.896 7.714 7.669 7.607 7.520 7.440
101.875000 101-28 7.909 7.903 7.898 7.892 7.883 7.691 7.644 7.579 7.487 7.403
102.000000 102-00 7.898 7.891 7.886 7.879 7.870 7.669 7.619 7.551 7.454 7.365
102.125000 102-04 7.886 7.879 7.874 7.867 7.858 7.646 7.594 7.522 7.421 7.328
102.250000 102-08 7.875 7.867 7.862 7.855 7.845 7.623 7.569 7.494 7.388 7.291
102.375000 102-12 7.864 7.855 7.850 7.842 7.832 7.601 7.544 7.466 7.355 7.254
102.500000 102-16 7.852 7.844 7.838 7.830 7.819 7.578 7.519 7.437 7.322 7.217
102.625000 102-20 7.841 7.832 7.826 7.818 7.807 7.556 7.494 7.409 7.289 7.179
102.750000 102-24 7.830 7.820 7.814 7.805 7.794 7.534 7.470 7.381 7.256 7.142
102.875000 102-28 7.818 7.809 7.802 7.793 7.782 7.511 7.445 7.353 7.223 7.105
103.000000 103-00 7.807 7.797 7.790 7.781 7.769 7.489 7.420 7.325 7.191 7.068
103.125000 103-04 7.796 7.786 7.778 7.769 7.756 7.466 7.395 7.297 7.158 7.032
Average Life: 25.531 23.456 22.232 20.869 19.326 7.333 6.411 5.466 4.527 3.917
Mod Dur (102-04 ): 10.656 10.337 10.124 9.863 9.533 5.385 4.867 4.295 3.683 3.261
Start Date: 12/2019 04/2017 11/2015 04/2014 08/2012 06/2004 09/2003 10/2002 12/2001 04/2001
End Date: 06/2027 06/2027 06/2027 06/2027 06/2027 03/2005 02/2004 02/2003 01/2002 06/2001
Collateral Assumptions: Pass-Thru = 8.590%, Wac = 8.850%, Wam = 358, Wala = 1; 30 Days Interest on Prepayments
100% PPC = (1) 4, (2) 5.090909, (3) 6.181818, (4) 7.272727, (5) 8.363636, (6) 9.454545, (7) 10.545455, (8) 11.636364,
(9) 12.727273, (10) 13.818182, (11) 14.909091, (12-494) 16 (all values are)
=============================================================================================================================
The computational materials contained herein and the data on which they are based are preliminary and subject to change.
Actual sales of the securities described herein will be made only pursuant to the terms set forth in a final prospectus.
THESE MATERIALS HAVE BEEN PREPARED AND DISSEMINATED SOLELY BY AND ON BEHALF OF DONALDSON,
LUFKIN & JENRETTE SECURITIES CORPORATION AND NOT BY THE ISSUER OF THE SECURITIES.
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Settlement Date: 06/30/1997 FASI97-2F_gensen A13 Next Payment Date: 07/25/1997
==================== Interest Accrues From: 06/01/1997
Class: FX-7 Par Balance: $1,463,497 Coupon: 8.000000%
75% 85% 90% 95% 100% 115% 125% 135% 150% 175%
PPC PPC PPC PPC PPC PPC PPC PPC PPC PPC
----- ----- ----- ----- ----- ----- ----- ----- ----- -----
Price Yield Yield Yield Yield Yield Yield Yield Yield Yield Yield
- ----------------- ----- ----- ----- ----- ----- ----- ----- ----- ----- -----
<S> <C>
99.656250 99-21 8.116 8.116 8.116 8.115 8.114 8.108 8.099 8.095 8.090 8.083
99.781250 99-25 8.105 8.104 8.103 8.102 8.101 8.091 8.076 8.070 8.061 8.049
99.906250 99-29 8.093 8.091 8.091 8.089 8.088 8.073 8.053 8.044 8.032 8.015
100.031250 100-01 8.081 8.079 8.078 8.077 8.075 8.056 8.029 8.018 8.003 7.981
100.156250 100-05 8.069 8.067 8.066 8.064 8.062 8.039 8.006 7.993 7.974 7.947
100.281250 100-09 8.057 8.055 8.053 8.051 8.048 8.021 7.983 7.967 7.945 7.913
100.406250 100-13 8.046 8.043 8.041 8.039 8.035 8.004 7.960 7.941 7.916 7.879
100.531250 100-17 8.034 8.031 8.029 8.026 8.022 7.987 7.937 7.916 7.887 7.846
100.656250 100-21 8.022 8.019 8.016 8.013 8.009 7.969 7.914 7.890 7.858 7.812
100.781250 100-25 8.011 8.007 8.004 8.001 7.996 7.952 7.891 7.865 7.829 7.779
100.906250 100-29 7.999 7.995 7.992 7.988 7.983 7.935 7.868 7.840 7.800 7.745
101.031250 101-01 7.987 7.983 7.980 7.976 7.970 7.918 7.845 7.814 7.772 7.711
101.156250 101-05 7.976 7.971 7.967 7.963 7.957 7.901 7.822 7.789 7.743 7.678
101.281250 101-09 7.964 7.959 7.955 7.951 7.944 7.884 7.799 7.764 7.714 7.645
101.406250 101-13 7.953 7.947 7.943 7.938 7.931 7.867 7.776 7.738 7.686 7.611
101.531250 101-17 7.941 7.935 7.931 7.926 7.919 7.850 7.754 7.713 7.657 7.578
101.656250 101-21 7.929 7.923 7.919 7.913 7.906 7.833 7.731 7.688 7.629 7.545
Average Life: 25.531 23.456 22.232 20.869 19.326 11.715 7.333 6.411 5.466 4.527
Mod Dur (100-21 ): 10.559 10.249 10.040 9.784 9.460 7.178 5.364 4.849 4.279 3.670
Start Date: 12/2019 04/2017 11/2015 04/2014 08/2012 12/2005 06/2004 09/2003 10/2002 12/2001
End Date: 06/2027 06/2027 06/2027 06/2027 06/2027 06/2027 03/2005 02/2004 02/2003 01/2002
Collateral Assumptions: Pass-Thru = 8.590%, Wac = 8.850%, Wam = 358, Wala = 1; 30 Days Interest on Prepayments
100% PPC = (1) 4, (2) 5.090909, (3) 6.181818, (4) 7.272727, (5) 8.363636, (6) 9.454545, (7) 10.545455, (8) 11.636364,
(9) 12.727273, (10) 13.818182, (11) 14.909091, (12-494) 16 (all values are)
=============================================================================================================================
The computational materials contained herein and the data on which they are based are preliminary and subject to change.
Actual sales of the securities described herein will be made only pursuant to the terms set forth in a final prospectus.
THESE MATERIALS HAVE BEEN PREPARED AND DISSEMINATED SOLELY BY AND ON BEHALF OF DONALDSON,
LUFKIN & JENRETTE SECURITIES CORPORATION AND NOT BY THE ISSUER OF THE SECURITIES.
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Settlement Date: 06/30/1997 FASI97-2F_gensen A7 Next Payment Date: 07/25/1997
=================== Interest Accrues From: 06/01/1997
Class: FX-4 Par Balance: $15,485,310 Coupon: 7.400000%
75% 90% 100% 110% 125% 150% 175% 200%
PPC PPC PPC PPC PPC PPC PPC PPC
----- ----- ----- ----- ----- ----- ----- -----
Price Yield Yield Yield Yield Yield Yield Yield Yield
- ----------------- ----- ----- ----- ----- ----- ----- ----- -----
<S> <C>
99.875000 99-28 7.445 7.432 7.424 7.416 7.404 7.385 7.366 7.346
100.000000 100-00 7.422 7.404 7.393 7.382 7.367 7.341 7.315 7.289
100.125000 100-04 7.398 7.376 7.362 7.349 7.329 7.297 7.265 7.232
100.250000 100-08 7.375 7.348 7.331 7.315 7.292 7.253 7.215 7.176
100.375000 100-12 7.351 7.320 7.301 7.282 7.254 7.210 7.164 7.119
100.500000 100-16 7.328 7.292 7.270 7.248 7.217 7.166 7.114 7.062
100.625000 100-20 7.304 7.264 7.239 7.215 7.180 7.122 7.064 7.006
100.750000 100-24 7.281 7.237 7.209 7.182 7.143 7.079 7.014 6.949
100.875000 100-28 7.257 7.209 7.178 7.148 7.106 7.035 6.964 6.893
101.000000 101-00 7.234 7.181 7.148 7.115 7.069 6.992 6.915 6.837
101.125000 101-04 7.211 7.153 7.117 7.082 7.032 6.949 6.865 6.780
101.250000 101-08 7.188 7.126 7.087 7.049 6.995 6.905 6.815 6.724
101.375000 101-12 7.165 7.098 7.057 7.016 6.958 6.862 6.766 6.668
101.500000 101-16 7.141 7.071 7.026 6.983 6.921 6.819 6.716 6.612
101.625000 101-20 7.118 7.043 6.996 6.950 6.884 6.776 6.667 6.556
101.750000 101-24 7.095 7.016 6.966 6.917 6.847 6.733 6.617 6.501
101.875000 101-28 7.072 6.988 6.936 6.885 6.811 6.690 6.568 6.445
Average Life: 7.036 5.625 5.000 4.514 3.962 3.302 2.828 2.470
Mod Dur (100-28 ): 5.283 4.443 4.039 3.711 3.322 2.836 2.471 2.187
Start Date: 07/2002 10/2001 05/2001 01/2001 08/2000 02/2000 09/1999 06/1999
End Date: 08/2007 12/2004 12/2003 03/2003 05/2002 07/2001 12/2000 07/2000
Collateral Assumptions: Pass-Thru = 8.590%, Wac = 8.850%, Wam = 358, Wala = 1; 30 Days Interest on Prepayments
100% PPC = (1) 4, (2) 5.090909, (3) 6.181818, (4) 7.272727, (5) 8.363636, (6) 9.454545, (7) 10.545455, (8) 11.636364,
(9) 12.727273, (10) 13.818182, (11) 14.909091, (12-494) 16 (all values are)
=============================================================================================================================
The computational materials contained herein and the data on which they are based are preliminary and subject to change.
Actual sales of the securities described herein will be made only pursuant to the terms set forth in a final prospectus.
THESE MATERIALS HAVE BEEN PREPARED AND DISSEMINATED SOLELY BY AND ON BEHALF OF DONALDSON,
LUFKIN & JENRETTE SECURITIES CORPORATION AND NOT BY THE ISSUER OF THE SECURITIES.
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Settlement Date: 06/30/1997 FASI97-2F_gen E3 Next Payment Date: 07/25/1997
================ Interest Accrues From: 06/01/1997
Class: FX-9 Par Balance: $8,419,437 Coupon: 7.250000%
75% 90% 100% 110% 125% 150% 175% 200%
PPC PPC PPC PPC PPC PPC PPC PPC
----- ----- ----- ----- ----- ----- ----- -----
Price Yield Yield Yield Yield Yield Yield Yield Yield
- ----------------- ----- ----- ----- ----- ----- ----- ----- -----
<S> <C>
97.000000 97-00 7.625 7.635 7.642 7.649 7.666 7.711 7.767 7.837
97.125000 97-04 7.611 7.622 7.628 7.635 7.651 7.693 7.746 7.813
97.250000 97-08 7.598 7.608 7.614 7.620 7.635 7.675 7.726 7.789
97.375000 97-12 7.585 7.594 7.600 7.605 7.620 7.658 7.705 7.765
97.500000 97-16 7.571 7.580 7.586 7.591 7.604 7.640 7.685 7.741
97.625000 97-20 7.558 7.566 7.571 7.576 7.589 7.622 7.665 7.717
97.750000 97-24 7.545 7.552 7.557 7.562 7.574 7.605 7.644 7.693
97.875000 97-28 7.532 7.539 7.543 7.548 7.558 7.587 7.624 7.669
98.000000 98-00 7.518 7.525 7.529 7.533 7.543 7.570 7.604 7.645
98.125000 98-04 7.505 7.511 7.515 7.519 7.528 7.552 7.583 7.622
98.250000 98-08 7.492 7.498 7.501 7.504 7.513 7.535 7.563 7.598
98.375000 98-12 7.479 7.484 7.487 7.490 7.498 7.518 7.543 7.574
98.500000 98-16 7.466 7.470 7.473 7.476 7.483 7.500 7.523 7.551
98.625000 98-20 7.453 7.457 7.459 7.461 7.467 7.483 7.503 7.527
98.750000 98-24 7.440 7.443 7.445 7.447 7.452 7.466 7.483 7.504
98.875000 98-28 7.427 7.430 7.431 7.433 7.437 7.448 7.463 7.480
99.000000 99-00 7.414 7.416 7.417 7.419 7.422 7.431 7.443 7.457
Average Life: 18.450 17.047 16.240 15.524 14.035 11.266 9.021 7.211
Mod Dur ( 98-00 ): 9.620 9.246 9.018 8.807 8.321 7.263 6.257 5.343
Start Date: 08/2010 08/2009 02/2009 09/2008 08/2007 06/2005 01/2004 01/2003
End Date: 06/2027 06/2027 06/2027 06/2027 06/2027 06/2027 06/2027 06/2027
Collateral Assumptions: Pass-Thru = 8.590%, Wac = 8.850%, Wam = 358, Wala = 1; 30 Days Interest on Prepayments
100% PPC = (1) 4, (2) 5.090909, (3) 6.181818, (4) 7.272727, (5) 8.363636, (6) 9.454545, (7) 10.545455, (8) 11.636364,
(9) 12.727273, (10) 13.818182, (11) 14.909091, (12-494) 16 (all values are)
=============================================================================================================================
The computational materials contained herein and the data on which they are based are preliminary and subject to change.
Actual sales of the securities described herein will be made only pursuant to the terms set forth in a final prospectus.
THESE MATERIALS HAVE BEEN PREPARED AND DISSEMINATED SOLELY BY AND ON BEHALF OF DONALDSON,
LUFKIN & JENRETTE SECURITIES CORPORATION AND NOT BY THE ISSUER OF THE SECURITIES.
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Settlement Date: 06/30/1997 FASI97-2F_gen E2 Next Payment Date: 07/25/1997
================ Interest Accrues From: 06/01/1997
Class: FX-11 Par Balance: $2,459,000 Coupon: 7.250000%
75% 90% 100% 110% 125% 150% 175% 200%
PPC PPC PPC PPC PPC PPC PPC PPC
----- ----- ----- ----- ----- ----- ----- -----
Price Yield Yield Yield Yield Yield Yield Yield Yield
- ----------------- ----- ----- ----- ----- ----- ----- ----- -----
<S> <C>
98.500000 98-16 7.491 7.496 7.500 7.503 7.513 7.541 7.569 7.599
98.625000 98-20 7.475 7.480 7.483 7.485 7.494 7.519 7.544 7.569
98.750000 98-24 7.458 7.463 7.465 7.468 7.476 7.496 7.518 7.540
98.875000 98-28 7.442 7.446 7.448 7.450 7.457 7.474 7.492 7.511
99.000000 99-00 7.426 7.429 7.431 7.433 7.438 7.452 7.466 7.481
99.125000 99-04 7.410 7.413 7.414 7.415 7.419 7.430 7.441 7.452
99.250000 99-08 7.394 7.396 7.397 7.398 7.400 7.407 7.415 7.423
99.375000 99-12 7.378 7.379 7.380 7.380 7.382 7.385 7.389 7.393
99.500000 99-16 7.362 7.363 7.363 7.363 7.363 7.363 7.364 7.364
99.625000 99-20 7.347 7.346 7.346 7.345 7.344 7.341 7.338 7.335
99.750000 99-24 7.331 7.329 7.329 7.328 7.326 7.319 7.313 7.306
99.875000 99-28 7.315 7.313 7.312 7.311 7.307 7.297 7.287 7.277
100.000000 100-00 7.299 7.296 7.295 7.293 7.288 7.275 7.262 7.248
100.125000 100-04 7.283 7.280 7.278 7.276 7.270 7.253 7.236 7.219
100.250000 100-08 7.267 7.263 7.261 7.259 7.251 7.231 7.211 7.190
100.375000 100-12 7.252 7.247 7.244 7.241 7.233 7.210 7.186 7.161
100.500000 100-16 7.236 7.230 7.227 7.224 7.214 7.188 7.161 7.132
Average Life: 12.244 11.421 10.990 10.626 9.581 7.616 6.298 5.345
Mod Dur ( 99-16 ): 7.849 7.511 7.326 7.165 6.679 5.659 4.889 4.284
Start Date: 11/2008 03/2008 10/2007 07/2007 07/2006 09/2004 06/2003 08/2002
End Date: 08/2010 08/2009 02/2009 09/2008 08/2007 06/2005 01/2004 01/2003
Collateral Assumptions: Pass-Thru = 8.590%, Wac = 8.850%, Wam = 358, Wala = 1; 30 Days Interest on Prepayments
100% PPC = (1) 4, (2) 5.090909, (3) 6.181818, (4) 7.272727, (5) 8.363636, (6) 9.454545, (7) 10.545455, (8) 11.636364,
(9) 12.727273, (10) 13.818182, (11) 14.909091, (12-494) 16 (all values are)
=============================================================================================================================
The computational materials contained herein and the data on which they are based are preliminary and subject to change.
Actual sales of the securities described herein will be made only pursuant to the terms set forth in a final prospectus.
THESE MATERIALS HAVE BEEN PREPARED AND DISSEMINATED SOLELY BY AND ON BEHALF OF DONALDSON,
LUFKIN & JENRETTE SECURITIES CORPORATION AND NOT BY THE ISSUER OF THE SECURITIES.
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Settlement Date: 06/30/1997 FASI97-2F_gen E1 Next Payment Date: 07/25/1997
================ Interest Accrues From: 06/01/1997
Class: FX-10 Par Balance: $10,519,000 Coupon: 7.250000%
75% 90% 100% 110% 125% 150% 175% 200%
PPC PPC PPC PPC PPC PPC PPC PPC
----- ----- ----- ----- ----- ----- ----- -----
Price Yield Yield Yield Yield Yield Yield Yield Yield
- ----------------- ----- ----- ----- ----- ----- ----- ----- -----
<S> <C>
100.000000 100-00 7.282 7.279 7.278 7.276 7.273 7.260 7.245 7.230
100.125000 100-04 7.261 7.258 7.256 7.255 7.250 7.234 7.215 7.196
100.250000 100-08 7.241 7.237 7.235 7.233 7.228 7.209 7.186 7.163
100.375000 100-12 7.221 7.216 7.214 7.212 7.205 7.183 7.156 7.129
100.500000 100-16 7.200 7.196 7.193 7.190 7.183 7.157 7.127 7.096
100.625000 100-20 7.180 7.175 7.172 7.169 7.160 7.132 7.097 7.062
100.750000 100-24 7.160 7.154 7.150 7.147 7.138 7.106 7.068 7.029
100.875000 100-28 7.140 7.133 7.129 7.126 7.115 7.080 7.038 6.996
101.000000 101-00 7.120 7.113 7.108 7.104 7.093 7.055 7.009 6.962
101.125000 101-04 7.100 7.092 7.087 7.083 7.071 7.029 6.980 6.929
101.250000 101-08 7.080 7.071 7.066 7.062 7.049 7.004 6.950 6.896
101.375000 101-12 7.060 7.051 7.045 7.040 7.026 6.979 6.921 6.863
101.500000 101-16 7.040 7.030 7.024 7.019 7.004 6.953 6.892 6.830
101.625000 101-20 7.020 7.010 7.004 6.998 6.982 6.928 6.863 6.797
101.750000 101-24 7.000 6.989 6.983 6.977 6.960 6.903 6.834 6.764
101.875000 101-28 6.980 6.969 6.962 6.956 6.938 6.877 6.804 6.731
102.000000 102-00 6.961 6.948 6.941 6.935 6.916 6.852 6.775 6.698
Average Life: 8.547 8.186 7.990 7.820 7.363 6.174 5.189 4.471
Mod Dur (101-00 ): 6.134 5.951 5.849 5.760 5.517 4.824 4.192 3.702
Start Date: 07/2002 07/2002 07/2002 07/2002 07/2002 07/2002 12/2001 05/2001
End Date: 11/2008 03/2008 10/2007 07/2007 07/2006 09/2004 06/2003 08/2002
Collateral Assumptions: Pass-Thru = 8.590%, Wac = 8.850%, Wam = 358, Wala = 1; 30 Days Interest on Prepayments
100% PPC = (1) 4, (2) 5.090909, (3) 6.181818, (4) 7.272727, (5) 8.363636, (6) 9.454545, (7) 10.545455, (8) 11.636364,
(9) 12.727273, (10) 13.818182, (11) 14.909091, (12-494) 16 (all values are)
=============================================================================================================================
The computational materials contained herein and the data on which they are based are preliminary and subject to change.
Actual sales of the securities described herein will be made only pursuant to the terms set forth in a final prospectus.
THESE MATERIALS HAVE BEEN PREPARED AND DISSEMINATED SOLELY BY AND ON BEHALF OF DONALDSON,
LUFKIN & JENRETTE SECURITIES CORPORATION AND NOT BY THE ISSUER OF THE SECURITIES.
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Settlement Date: 06/30/1997 FASI97-2G_gen D3 Next Payment Date: 07/25/1997
================ Interest Accrues From: 06/01/1997
Class: A-8 Par Balance: $7,862,493 Coupon: 7.000000%
100% 150% 175% 200% 245% 300% 350% 400% 450% 500%
PSA PSA PSA PSA PSA PSA PSA PSA PSA PSA
----- ----- ----- ----- ----- ----- ----- ----- ----- -----
Price Yield Yield Yield Yield Yield Yield Yield Yield Yield Yield
- ----------------- ----- ----- ----- ----- ----- ----- ----- ----- ----- -----
<S> <C>
94.750000 94-24 7.559 7.584 7.598 7.611 7.634 7.662 7.689 7.744 7.807 7.878
94.875000 94-28 7.547 7.571 7.584 7.597 7.620 7.647 7.673 7.727 7.788 7.857
95.000000 95-00 7.534 7.558 7.571 7.583 7.606 7.631 7.657 7.709 7.769 7.836
95.125000 95-04 7.522 7.545 7.558 7.570 7.591 7.616 7.641 7.692 7.750 7.815
95.250000 95-08 7.510 7.532 7.544 7.556 7.577 7.601 7.626 7.675 7.731 7.795
95.375000 95-12 7.498 7.519 7.531 7.542 7.563 7.586 7.610 7.658 7.712 7.774
95.500000 95-16 7.485 7.507 7.518 7.529 7.549 7.571 7.594 7.640 7.693 7.753
95.625000 95-20 7.473 7.494 7.504 7.515 7.534 7.556 7.579 7.623 7.675 7.732
95.750000 95-24 7.461 7.481 7.491 7.502 7.520 7.542 7.563 7.606 7.656 7.712
95.875000 95-28 7.449 7.468 7.478 7.488 7.506 7.527 7.547 7.589 7.637 7.691
96.000000 96-00 7.437 7.455 7.465 7.475 7.492 7.512 7.532 7.572 7.618 7.670
96.125000 96-04 7.424 7.442 7.452 7.461 7.478 7.497 7.516 7.555 7.600 7.650
96.250000 96-08 7.412 7.430 7.439 7.448 7.464 7.482 7.501 7.538 7.581 7.629
96.375000 96-12 7.400 7.417 7.425 7.434 7.450 7.467 7.485 7.521 7.562 7.609
96.500000 96-16 7.388 7.404 7.412 7.421 7.436 7.453 7.470 7.504 7.544 7.588
96.625000 96-20 7.376 7.391 7.399 7.407 7.422 7.438 7.454 7.487 7.525 7.568
96.750000 96-24 7.364 7.379 7.386 7.394 7.408 7.423 7.439 7.471 7.507 7.548
Average Life: 22.478 20.037 18.963 17.994 16.496 15.031 13.814 11.950 10.360 9.004
Mod Dur ( 95-24 ): 10.650 10.094 9.826 9.572 9.152 8.709 8.307 7.597 6.920 6.287
Start Date: 01/2014 09/2011 10/2010 02/2010 02/2009 04/2008 07/2007 02/2006 01/2005 03/2004
End Date: 03/2027 03/2027 03/2027 03/2027 03/2027 03/2027 03/2027 03/2027 03/2027 03/2027
Collateral Assumptions: Pass-Thru = 7.905%, Wac = 8.165%, Wam = 357, Wala = 3; 30 Days Interest on Prepayments
=============================================================================================================================
The computational materials contained herein and the data on which they are based are preliminary and subject to change.
Actual sales of the securities described herein will be made only pursuant to the terms set forth in a final prospectus.
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Settlement Date: 06/30/1997 FASI97-2G_gen D2 Next Payment Date: 07/25/1997
================ Interest Accrues From: 06/01/1997
Class: A-7 Par Balance: $2,175,000 Coupon: 7.000000%
100% 150% 175% 200% 245% 300% 350% 400% 450% 500%
PSA PSA PSA PSA PSA PSA PSA PSA PSA PSA
----- ----- ----- ----- ----- ----- ----- ----- ----- -----
Price Yield Yield Yield Yield Yield Yield Yield Yield Yield Yield
- ----------------- ----- ----- ----- ----- ----- ----- ----- ----- ----- -----
<S> <C>
96.750000 96-24 7.414 7.443 7.455 7.467 7.484 7.502 7.521 7.569 7.618 7.666
96.875000 96-28 7.400 7.427 7.439 7.450 7.467 7.484 7.502 7.548 7.594 7.640
97.000000 97-00 7.386 7.412 7.423 7.433 7.450 7.466 7.483 7.526 7.571 7.614
97.125000 97-04 7.372 7.396 7.407 7.417 7.432 7.448 7.464 7.505 7.547 7.589
97.250000 97-08 7.358 7.381 7.391 7.400 7.415 7.429 7.445 7.484 7.524 7.563
97.375000 97-12 7.343 7.365 7.375 7.384 7.398 7.411 7.426 7.463 7.500 7.538
97.500000 97-16 7.329 7.350 7.359 7.367 7.380 7.393 7.407 7.442 7.477 7.512
97.625000 97-20 7.315 7.335 7.343 7.351 7.363 7.375 7.388 7.421 7.454 7.487
97.750000 97-24 7.301 7.319 7.327 7.334 7.346 7.357 7.369 7.400 7.431 7.461
97.875000 97-28 7.287 7.304 7.311 7.318 7.329 7.339 7.350 7.379 7.407 7.436
98.000000 98-00 7.273 7.289 7.295 7.302 7.311 7.321 7.331 7.358 7.384 7.410
98.125000 98-04 7.259 7.273 7.280 7.285 7.294 7.303 7.312 7.337 7.361 7.385
98.250000 98-08 7.245 7.258 7.264 7.269 7.277 7.285 7.294 7.316 7.338 7.360
98.375000 98-12 7.231 7.243 7.248 7.253 7.260 7.267 7.275 7.295 7.315 7.335
98.500000 98-16 7.217 7.228 7.232 7.236 7.243 7.249 7.256 7.274 7.292 7.309
98.625000 98-20 7.203 7.212 7.216 7.220 7.226 7.232 7.238 7.253 7.269 7.284
98.750000 98-24 7.189 7.197 7.201 7.204 7.209 7.214 7.219 7.232 7.246 7.259
Average Life: 15.327 13.178 12.429 11.824 10.990 10.264 9.611 8.261 7.240 6.455
Mod Dur ( 97-24 ): 9.036 8.279 7.987 7.740 7.381 7.051 6.738 6.044 5.473 5.006
Start Date: 08/2011 09/2009 01/2009 07/2008 10/2007 03/2007 08/2006 05/2005 05/2004 09/2003
End Date: 01/2014 09/2011 10/2010 02/2010 02/2009 04/2008 07/2007 02/2006 01/2005 03/2004
Collateral Assumptions: Pass-Thru = 7.905%, Wac = 8.165%, Wam = 357, Wala = 3; 30 Days Interest on Prepayments
=============================================================================================================================
The computational materials contained herein and the data on which they are based are preliminary and subject to change.
Actual sales of the securities described herein will be made only pursuant to the terms set forth in a final prospectus.
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Settlement Date: 06/30/1997 FASI97-2G_gen D1 Next Payment Date: 07/25/1997
================ Interest Accrues From: 06/01/1997
Class: A-6 Par Balance: $8,793,000 Coupon: 7.000000%
100% 150% 175% 200% 245% 300% 350% 400% 450% 500%
PSA PSA PSA PSA PSA PSA PSA PSA PSA PSA
----- ----- ----- ----- ----- ----- ----- ----- ----- -----
Price Yield Yield Yield Yield Yield Yield Yield Yield Yield Yield
- ----------------- ----- ----- ----- ----- ----- ----- ----- ----- ----- -----
<S> <C>
98.500000 98-16 7.255 7.266 7.270 7.274 7.279 7.285 7.290 7.303 7.320 7.339
98.625000 98-20 7.237 7.246 7.250 7.253 7.258 7.263 7.267 7.279 7.294 7.310
98.750000 98-24 7.218 7.226 7.229 7.232 7.237 7.241 7.245 7.255 7.267 7.281
98.875000 98-28 7.200 7.206 7.209 7.212 7.215 7.219 7.222 7.230 7.241 7.253
99.000000 99-00 7.181 7.187 7.189 7.191 7.194 7.197 7.199 7.206 7.215 7.224
99.125000 99-04 7.163 7.167 7.169 7.170 7.172 7.175 7.177 7.182 7.188 7.196
99.250000 99-08 7.144 7.147 7.148 7.149 7.151 7.153 7.154 7.158 7.162 7.167
99.375000 99-12 7.126 7.128 7.128 7.129 7.130 7.131 7.131 7.133 7.136 7.139
99.500000 99-16 7.108 7.108 7.108 7.108 7.109 7.109 7.109 7.109 7.110 7.110
99.625000 99-20 7.089 7.088 7.088 7.088 7.087 7.087 7.086 7.085 7.084 7.082
99.750000 99-24 7.071 7.069 7.068 7.067 7.066 7.065 7.064 7.061 7.058 7.054
99.875000 99-28 7.053 7.049 7.048 7.047 7.045 7.043 7.041 7.037 7.032 7.025
100.000000 100-00 7.035 7.030 7.028 7.026 7.024 7.021 7.019 7.013 7.006 6.997
100.125000 100-04 7.016 7.010 7.008 7.006 7.003 7.000 6.997 6.989 6.980 6.969
100.250000 100-08 6.998 6.991 6.988 6.986 6.982 6.978 6.974 6.965 6.954 6.941
100.375000 100-12 6.980 6.972 6.968 6.965 6.961 6.956 6.952 6.941 6.928 6.913
100.500000 100-16 6.962 6.952 6.948 6.945 6.940 6.934 6.930 6.917 6.902 6.885
Average Life: 9.899 8.951 8.627 8.363 7.990 7.647 7.371 6.720 6.069 5.478
Mod Dur ( 99-16 ): 6.814 6.372 6.212 6.078 5.883 5.698 5.547 5.178 4.781 4.401
Start Date: 07/2002 07/2002 07/2002 07/2002 07/2002 07/2002 07/2002 07/2002 07/2002 05/2002
End Date: 08/2011 09/2009 01/2009 07/2008 10/2007 03/2007 08/2006 05/2005 05/2004 09/2003
Collateral Assumptions: Pass-Thru = 7.905%, Wac = 8.165%, Wam = 357, Wala = 3; 30 Days Interest on Prepayments
=============================================================================================================================
The computational materials contained herein and the data on which they are based are preliminary and subject to change.
Actual sales of the securities described herein will be made only pursuant to the terms set forth in a final prospectus.
</TABLE>
