PAINEWEBBER INC.
$175MM PMAC 2000-1
WHOLE LOAN 30YR FIXED-RATE
GWAC 8.430% +/- 10bps
Pass-Through 7.750% coupon
WAM 359 +/- 2 months
California 56.2% approx.
Avg Loan Balance $311K approx.
WA LTV 75% approx.
Cash-Out Refi 6.5% approx.
SFD/PUD 97% approx.
Full/Alt Doc 85% approx.
AAA Ratings S&P, Fitch
Estimated Subordination Level 4.00%
Pricing Speed 250% PSA
sSettlement Date July 28, 2000
ALL NUMBERS APPROXIMATE.
ALL TRANCHES SUBJECT TO 5% SIZE VARIANCE.
The information herein has been provided solely by PaineWebber Incorporated.
Neither the issuer of certificates nor any of its affiliates makes any
representation as to the accuracy or completeness of the information herein. The
information herein is preliminary, and will be superseded by the applicable
prospectus supplement and by any other information subsequently filed with the
Securities and Exchange Commission. The information contained herein will be
superseded by the Description of the Mortgage Pool contained in the Prospectus
Supplement relating to the Certificates and supersedes all information contained
in any collateral term sheets relating to the mortgage pool previously provided
by PaineWebber Incorporated.
<PAGE>
PAINEWEBBER INC.
$175MM PMAC 2000-1
PROVIDENT FUNDING (ORIGINATOR/SERVICER)
WHOLE LOAN 30YR FIXED-RATE
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C> <C>
Original Balance 203K+ to 300K 24% approx Property Type Condo 2% approx
300K+ to 400K 49% approx PUD 35% approx
400K+ to 600K 25% approx SRF 63% approx
600K+ to 1M 2% approx
GWAC 6.875+ to 7.625 1% approx Documention Full 91% approx
7.625+ to 8.000 12% approx Alt 8% approx
8.000+ to 8.125 13% approx NIV 1% approx
8.125+ to 8.250 12% approx
8.250+ to 8.375 21% approx Occupancy Owner 100% approx
8.375+ to 8.500 15% approx
8.500+ to 8.625 9% approx Purpose C/O Refi 5% approx
8.625+ to 8.875 12% approx No C/O Refi 9% approx
8.875+ to 9.500 5% approx Purch 86% approx
Season Zero 52% approx Remain Term 348+ to 354 Mos 1% approx
1-3 Mos 44% approx 354+ to 360 Mos 99% approx
4-6 Mos 4% approx
LTV 25+% to 35% 1% approx FICO 610+ to 680 8% approx
35+% to 45% 1% approx 680+ to 710 13% approx
45+% to 55% 5% approx 710+ to 730 12% approx
55+% to 65% 10% approx 730+ to 750 17% approx
65+% to 75% 18% approx 750+ to 770 25% approx
75+% to 85% 57% approx 770+ to 790 22% approx
85% to 95% 9% approx 790+ to 810 3% approx
</TABLE>
Pass-Through 7.750% coupon
WAM 359 +/- 2 months
California 56.2% approx.
Avg Loan Balance $311K approx.
WA LTV 75% approx.
WA FICO 740 approx.
Cash-Out Refi 6.5% approx.
SFD/PUD 97% approx.
AAA Ratings S&P, Fitch
Estimated Subordination Level 4.00% approx.
Pricing Speed 250% PSA
Settlement Date July 28, 2000
All numbers approximate
All tranches subject to 5% size variance
The information herein has been provided solely by PaineWebber Incorporated.
Neither the issuer of certificates nor any of its affiliates makes any
representation as to the accuracy or completeness of the information herein. The
information herein is preliminary, and will be superseded by the applicable
prospectus supplement and by any other information subsequently filed with the
Securities and Exchange Commission. The information contained herein will be
superseded by the Description of the Mortgage Pool contained in the Prospectus
Supplement relating to the Certificates and supersedes all information contained
in any collateral term sheets relating to the mortgage pool previously provided
by PaineWebber Incorporated.
<PAGE>
<TABLE>
<CAPTION>
CMOPROJ
PAINEWEBBER 5:12:07 pm July 24, 2000
Fixed Income Research PWM00001 30 YEAR 7.6 Juliette T. Shekoff
cmoproj.377 jshekoff@fiunmr23
PAGE 1
ACCRUING
BOND BALANCE COUPON DELAY FACTOR SINCE INDEX VALUE RESET MULTIPLIER
A1 82,721,000.00 7.75000 24 1.000000 07/01/00 -1.0000 - -
CURRENT SETTLE PRICING DURATION
CAP FLOOR COUPON DATE DEAL WAC WAM SPEED @ PX
- - 7.7500 07/28/00 30 year 8.39 358.87 250.0PSA 100:04
PRICE PSA PSA PSA PSA PSA PSA PSA PSA PSA
100 150 200 250 300 400 500 750 1000
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
99:20 7.841 7.831 7.823 7.816 7.810 7.799 7.789 7.769 7.752
99:21 7.833 7.822 7.812 7.803 7.795 7.782 7.770 7.746 7.724
99:22 7.825 7.812 7.800 7.790 7.781 7.765 7.751 7.722 7.697
99:23 7.817 7.802 7.789 7.777 7.766 7.748 7.732 7.699 7.670
99:24 7.809 7.792 7.777 7.764 7.752 7.731 7.713 7.675 7.642
99:25 7.801 7.782 7.765 7.750 7.737 7.714 7.694 7.652 7.615
99:26 7.794 7.772 7.754 7.737 7.723 7.697 7.675 7.628 7.588
99:27 7.786 7.763 7.742 7.724 7.708 7.680 7.656 7.605 7.561
99:28 7.778 7.753 7.731 7.711 7.694 7.663 7.637 7.581 7.533
99:29 7.770 7.743 7.719 7.698 7.679 7.646 7.618 7.558 7.506
99:30 7.762 7.733 7.707 7.685 7.665 7.629 7.599 7.534 7.479
99:31 7.755 7.723 7.696 7.672 7.650 7.612 7.580 7.511 7.452
100:00 7.747 7.714 7.684 7.659 7.636 7.595 7.561 7.488 7.424
100:01 7.739 7.704 7.673 7.645 7.621 7.578 7.542 7.464 7.397
100:02 7.731 7.694 7.661 7.632 7.607 7.561 7.523 7.441 7.370
100:03 7.724 7.684 7.650 7.619 7.592 7.545 7.504 7.417 7.343
100:04 7.716 7.674 7.638 7.606 7.578 7.528 7.485 7.394 7.316
100:05 7.708 7.665 7.627 7.593 7.563 7.511 7.466 7.371 7.289
100:06 7.700 7.655 7.615 7.580 7.549 7.494 7.447 7.347 7.261
100:07 7.692 7.645 7.604 7.567 7.534 7.477 7.428 7.324 7.234
100:08 7.685 7.635 7.592 7.554 7.520 7.460 7.409 7.301 7.207
100:09 7.677 7.626 7.581 7.541 7.505 7.443 7.390 7.278 7.180
100:10 7.669 7.616 7.569 7.528 7.491 7.427 7.371 7.254 7.153
100:11 7.661 7.606 7.558 7.515 7.477 7.410 7.352 7.231 7.126
100:12 7.654 7.596 7.546 7.502 7.462 7.393 7.333 7.208 7.099
100:13 7.646 7.587 7.535 7.489 7.448 7.376 7.314 7.184 7.072
100:14 7.638 7.577 7.523 7.476 7.433 7.359 7.295 7.161 7.045
100:15 7.630 7.567 7.512 7.463 7.419 7.342 7.276 7.138 7.018
100:16 7.623 7.557 7.500 7.450 7.405 7.326 7.258 7.115 6.991
100:17 7.615 7.548 7.489 7.437 7.390 7.309 7.239 7.091 6.964
100:18 7.607 7.538 7.477 7.424 7.376 7.292 7.220 7.068 6.937
100:19 7.600 7.528 7.466 7.411 7.361 7.275 7.201 7.045 6.910
AVG LIFE 5.276 3.931 3.218 2.777 2.476 2.083 1.832 1.464 1.247
DURATION 3.992 3.175 2.690 2.372 2.145 1.837 1.635 1.329 1.143
FIRST PAY 8/00 8/00 8/00 8/00 8/00 8/00 8/00 8/00 8/00
LAST PAY 7/11 4/08 8/06 7/05 12/04 2/04 7/03 11/02 7/02
This information is furnished to you solely by PaineWebber Inc. and not by the issuer of the securities or any of its affiliates.
PaineWebber Inc. is acting as underwriter and not acting as agent for the issuer or its affiliates in connection with the proposed
transactions. Neither the issuer of the certificates nor any of its affiliates makes any representation as to the accuracy or
completeness of the information herein. The information herein is preliminary and will be superceded by the applicable prospectus
supplement and by any other information subsequently filed with the securities and exchange commission.
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
CMOPROJ
PAINEWEBBER 5:12:07 pm July 24, 2000
Fixed Income Research PWM00001 30 YEAR 7.6 Juliette T. Shekoff
cmoproj.377 jshekoff@fiunmr23
PAGE 3
ACCRUING
BOND BALANCE COUPON DELAY FACTOR SINCE INDEX VALUE RESET MULTIPLIER
A2 30,000,000.00 7.75000 24 1.000000 07/01/00 -1.0000 - -
CURRENT SETTLE PRICING DURATION
CAP FLOOR COUPON DATE DEAL WAC WAM SPEED @ PX
- - 7.7500 07/28/00 30 year 8.39 358.87 250.0PSA 96:27
PRICE PSA PSA PSA PSA PSA PSA PSA PSA PSA
100 150 200 250 300 400 500 750 1000
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
96:11 8.202 8.243 8.297 8.363 8.436 8.587 8.721 9.001 9.239
96:12 8.199 8.239 8.293 8.358 8.431 8.580 8.712 8.990 9.225
96:13 8.196 8.235 8.288 8.353 8.425 8.573 8.704 8.978 9.212
96:14 8.192 8.232 8.284 8.348 8.419 8.565 8.695 8.967 9.198
96:15 8.189 8.228 8.280 8.343 8.414 8.558 8.687 8.956 9.184
96:16 8.186 8.224 8.276 8.338 8.408 8.551 8.678 8.944 9.170
96:17 8.182 8.221 8.271 8.333 8.402 8.544 8.670 8.933 9.156
96:18 8.179 8.217 8.267 8.328 8.396 8.537 8.661 8.921 9.142
96:19 8.176 8.213 8.263 8.323 8.391 8.529 8.653 8.910 9.129
96:20 8.173 8.209 8.259 8.318 8.385 8.522 8.644 8.899 9.115
96:21 8.169 8.206 8.254 8.313 8.379 8.515 8.635 8.887 9.101
96:22 8.166 8.202 8.250 8.308 8.374 8.508 8.627 8.876 9.087
96:23 8.163 8.198 8.246 8.303 8.368 8.501 8.618 8.864 9.073
96:24 8.159 8.194 8.241 8.299 8.362 8.493 8.610 8.853 9.060
96:25 8.156 8.191 8.237 8.294 8.357 8.486 8.601 8.842 9.046
96:26 8.153 8.187 8.233 8.289 8.351 8.479 8.593 8.830 9.032
96:27 8.149 8.183 8.229 8.284 8.345 8.472 8.584 8.819 9.018
96:28 8.146 8.180 8.224 8.279 8.340 8.465 8.576 8.808 9.005
96:29 8.143 8.176 8.220 8.274 8.334 8.458 8.567 8.796 8.991
96:30 8.139 8.172 8.216 8.269 8.329 8.450 8.559 8.785 8.977
96:31 8.136 8.169 8.212 8.264 8.323 8.443 8.550 8.774 8.963
97:00 8.133 8.165 8.207 8.259 8.317 8.436 8.542 8.762 8.950
97:01 8.130 8.161 8.203 8.254 8.312 8.429 8.533 8.751 8.936
97:02 8.126 8.157 8.199 8.249 8.306 8.422 8.525 8.740 8.922
97:03 8.123 8.154 8.195 8.245 8.300 8.415 8.516 8.728 8.909
97:04 8.120 8.150 8.191 8.240 8.295 8.407 8.508 8.717 8.895
97:05 8.116 8.146 8.186 8.235 8.289 8.400 8.499 8.706 8.881
97:06 8.113 8.143 8.182 8.230 8.283 8.393 8.491 8.694 8.867
97:07 8.110 8.139 8.178 8.225 8.278 8.386 8.482 8.683 8.854
97:08 8.107 8.135 8.174 8.220 8.272 8.379 8.474 8.672 8.840
97:09 8.103 8.132 8.169 8.215 8.267 8.372 8.465 8.660 8.826
97:10 8.100 8.128 8.165 8.210 8.261 8.365 8.457 8.649 8.813
AVG LIFE 20.444 15.939 12.436 9.867 8.021 5.817 4.691 3.351 2.699
DURATION 9.714 8.649 7.542 6.528 5.672 4.471 3.763 2.826 2.332
FIRST PAY 8/16 4/12 6/09 8/07 7/06 3/05 6/04 6/03 12/02
LAST PAY 2/26 3/22 4/18 12/14 3/12 3/08 5/06 6/04 8/03
This information is furnished to you solely by PaineWebber Inc. and not by the issuer of the securities or any of its affiliates.
PaineWebber Inc. is acting as underwriter and not acting as agent for the issuer or its affiliates in connection with the proposed
transactions. Neither the issuer of the certificates nor any of its affiliates makes any representation as to the accuracy or
completeness of the information herein. The information herein is preliminary and will be superceded by the applicable prospectus
supplement and by any other information subsequently filed with the securities and exchange commission.
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
CMOPROJ
PAINEWEBBER 5:14:09 pm July 24, 2000
Fixed Income Research PWM00001 30 YEAR 7.5 Juliette T. Shekoff
cmoproj.368 jshekoff@fiunmr23
PAGE 1
ACCRUING
BOND BALANCE COUPON DELAY FACTOR SINCE INDEX VALUE RESET MULTIPLIER
A2 30,801,000.00 7.75000 24 1.000000 07/01/00 -1.0000 - -
CURRENT SETTLE PRICING DURATION
CAP FLOOR COUPON DATE DEAL WAC WAM SPEED @ PX
- - 7.7500 07/28/00 30 year 8.43 358.87 250.0PSA 95:31
PRICE PSA PSA PSA PSA PSA PSA PSA PSA PSA
100 150 200 250 300 400 500 750 1000
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
95:15 8.296 8.347 8.417 8.501 8.595 8.790 8.962 9.323 9.629
95:16 8.292 8.344 8.412 8.496 8.590 8.782 8.954 9.311 9.615
95:17 8.289 8.340 8.408 8.491 8.584 8.775 8.945 9.299 9.601
95:18 8.286 8.336 8.404 8.486 8.578 8.768 8.936 9.288 9.587
95:19 8.282 8.332 8.399 8.481 8.572 8.761 8.928 9.276 9.573
95:20 8.279 8.328 8.395 8.476 8.567 8.753 8.919 9.265 9.559
95:21 8.276 8.325 8.391 8.471 8.561 8.746 8.910 9.253 9.545
95:22 8.272 8.321 8.386 8.466 8.555 8.739 8.902 9.242 9.531
95:23 8.269 8.317 8.382 8.461 8.550 8.731 8.893 9.230 9.517
95:24 8.265 8.313 8.378 8.456 8.544 8.724 8.884 9.219 9.503
95:25 8.262 8.310 8.373 8.451 8.538 8.717 8.876 9.207 9.489
95:26 8.259 8.306 8.369 8.446 8.532 8.710 8.867 9.196 9.475
95:27 8.255 8.302 8.365 8.441 8.527 8.702 8.858 9.184 9.461
95:28 8.252 8.298 8.360 8.436 8.521 8.695 8.850 9.173 9.447
95:29 8.249 8.295 8.356 8.431 8.515 8.688 8.841 9.161 9.433
95:30 8.245 8.291 8.352 8.426 8.509 8.681 8.832 9.150 9.419
95:31 8.242 8.287 8.348 8.421 8.504 8.673 8.824 9.138 9.405
96:00 8.239 8.283 8.343 8.416 8.498 8.666 8.815 9.127 9.391
96:01 8.235 8.280 8.339 8.411 8.492 8.659 8.807 9.115 9.377
96:02 8.232 8.276 8.335 8.406 8.487 8.652 8.798 9.104 9.364
96:03 8.229 8.272 8.330 8.401 8.481 8.644 8.789 9.092 9.350
96:04 8.225 8.268 8.326 8.396 8.475 8.637 8.781 9.081 9.336
96:05 8.222 8.265 8.322 8.391 8.470 8.630 8.772 9.069 9.322
96:06 8.219 8.261 8.318 8.386 8.464 8.623 8.764 9.058 9.308
96:07 8.215 8.257 8.313 8.381 8.458 8.615 8.755 9.047 9.294
96:08 8.212 8.253 8.309 8.376 8.452 8.608 8.746 9.035 9.280
96:09 8.209 8.250 8.305 8.372 8.447 8.601 8.738 9.024 9.266
96:10 8.205 8.246 8.300 8.367 8.441 8.594 8.729 9.012 9.253
96:11 8.202 8.242 8.296 8.362 8.435 8.587 8.721 9.001 9.239
96:12 8.199 8.238 8.292 8.357 8.430 8.579 8.712 8.989 9.225
96:13 8.195 8.235 8.288 8.352 8.424 8.572 8.704 8.978 9.211
96:14 8.192 8.231 8.283 8.347 8.418 8.565 8.695 8.967 9.197
AVG LIFE 20.514 16.003 12.484 9.900 8.041 5.823 4.694 3.352 2.700
DURATION 9.678 8.629 7.530 6.520 5.665 4.463 3.755 2.820 2.327
FIRST PAY 9/16 5/12 6/09 9/07 7/06 3/05 6/04 6/03 12/02
LAST PAY 3/26 5/22 5/18 1/15 4/12 3/08 5/06 6/04 8/03
This information is furnished to you solely by PaineWebber Inc. and not by the issuer of the securities or any of its affiliates.
PaineWebber Inc. is acting as underwriter and not acting as agent for the issuer or its affiliates in connection with the proposed
transactions. Neither the issuer of the certificates nor any of its affiliates makes any representation as to the accuracy or
completeness of the information herein. The information herein is preliminary and will be superceded by the applicable prospectus
supplement and by any other information subsequently filed with the securities and exchange commission.
</TABLE>
<PAGE>
Cmoproj
PaineWebber 5:12:07 pm July 24, 2000
Fixed Income Research PWM00001 30 year 7.6 Juliette T. Shekoff
cmoproj.377 jshekoff@fiunmr23
Page 2
<TABLE>
<CAPTION>
Accruing
Bond Balance Coupon Delay Factor Since Index Value Reset Multiplier
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
A3 23,444,000.00 7.75000 24 1.000000 07/01/00 -1.0000 - -
</TABLE>
<TABLE>
<CAPTION>
Current Settle Pricing Duration
Cap Floor Coupon Date Deal WAC WAM Speed @ Px
<S> <C> <C> <C> <C> <C> <C> <C> <C>
- -
7.7500 07/28/00 30 year 8.39 358.88 250.0PSA 98:30
</TABLE>
<TABLE>
Price PSA PSA PSA PSA PSA PSA PSA PSA PSA
100 150 200 250 300 400 500 750 1000
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
98:14 8.007 8.038 8.071 8.104 8.135 8.189 8.238 8.338 8.417
98:15 8.003 8.033 8.065 8.097 8.127 8.180 8.227 8.324 8.400
98:16 7.999 8.028 8.060 8.090 8.119 8.170 8.216 8.310 8.384
98:17 7.995 8.023 8.054 8.083 8.111 8.161 8.205 8.297 8.368
98:18 7.991 8.018 8.048 8.077 8.104 8.152 8.194 8.283 8.352
98:19 7.988 8.013 8.042 8.070 8.096 8.142 8.183 8.269 8.335
98:20 7.984 8.008 8.036 8.063 8.088 8.133 8.172 8.255 8.319
98:21 7.980 8.004 8.030 8.056 8.080 8.123 8.162 8.241 8.303
98:22 7.976 7.999 8.024 8.049 8.073 8.114 8.151 8.227 8.287
98:23 7.972 7.994 8.019 8.042 8.065 8.105 8.140 8.213 8.271
98:24 7.968 7.989 8.013 8.036 8.057 8.095 8.129 8.199 8.254
98:25 7.964 7.984 8.007 8.029 8.049 8.086 8.118 8.186 8.238
98:26 7.960 7.979 8.001 8.022 8.042 8.077 8.107 8.172 8.222
98:27 7.956 7.975 7.995 8.015 8.034 8.067 8.097 8.158 8.206
98:28 7.952 7.970 7.989 8.008 8.026 8.058 8.086 8.144 8.190
98:29 7.948 7.965 7.984 8.002 8.018 8.048 8.075 8.130 8.173
98:30 7.944 7.960 7.978 7.995 8.011 8.039 8.064 8.117 8.157
98:31 7.940 7.955 7.972 7.988 8.003 8.030 8.053 8.103 8.141
99:00 7.937 7.950 7.966 7.981 7.995 8.020 8.043 8.089 8.125
99:01 7.933 7.946 7.960 7.974 7.988 8.011 8.032 8.075 8.109
99:02 7.929 7.941 7.954 7.967 7.980 8.002 8.021 8.061 8.093
99:03 7.925 7.936 7.949 7.961 7.972 7.992 8.010 8.048 8.077
99:04 7.921 7.931 7.943 7.954 7.964 7.983 7.999 8.034 8.060
99:05 7.917 7.926 7.937 7.947 7.957 7.974 7.989 8.020 8.044
99:06 7.913 7.922 7.931 7.940 7.949 7.964 7.978 8.006 8.028
99:07 7.909 7.917 7.925 7.934 7.941 7.955 7.967 7.992 8.012
99:08 7.905 7.912 7.919 7.927 7.934 7.946 7.956 7.979 7.996
99:09 7.901 7.907 7.914 7.920 7.926 7.936 7.946 7.965 7.980
99:10 7.897 7.902 7.908 7.913 7.918 7.927 7.935 7.951 7.964
99:11 7.894 7.898 7.902 7.906 7.910 7.918 7.924 7.937 7.948
99:12 7.890 7.893 7.896 7.900 7.903 7.908 7.913 7.924 7.932
99:13 7.886 7.888 7.890 7.893 7.895 7.899 7.903 7.910 7.916
Avg Life 13.434 9.613 7.344 5.990 5.111 4.062 3.438 2.607 2.195
Duration 8.017 6.509 5.384 4.611 4.062 3.356 2.907 2.274 1.944
First Pay 7/11 4/08 8/06 7/05 12/04 2/04 7/03 11/02 7/02
Last Pay 8/16 4/12 6/09 8/07 7/06 3/05 6/04 6/03 12/02
This information is furnished to you solely by PaineWebber Inc. and not by the issuer of the securities or any of its affiliates.
PaineWebber Inc. is acting as underwriter and not acting as agent for the issuer or its affiliates in connection with the proposed
transactions. Neither the issuer of the certificates nor any of its affiliates makes any representation as to the accuracy or
completeness of the information herein. The information herein is preliminary and will be superceded by the applicable prospectus
supplement and by any other information subsequently filed with the securities and exchange commission.
</TABLE>
<PAGE>
Cmoproj
PaineWebber 5:14:09 pm July 24, 2000
Fixed Income Research PWM00001 30 year 7.5 Juliette T. Shekoff
cmoproj.368 jshekoff@fiunmr23
Page 2
<TABLE>
<CAPTION>
Accruing
Bond Balance Coupon Delay Factor Since Index Value Reset Multiplier
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
A4 10,054,000.00 7.75000 24 1.000000 07/01/00 -1.0000 - -
</TABLE>
<TABLE>
<CAPTION>
Current Settle Pricing Duration
Cap Floor Coupon Date Deal WAC WAM Speed @ Px
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
- - 7.7500 07/28/00 30 year 8.43 358.88 250.0PSA 95:11
</TABLE>
<TABLE>
<CAPTION>
Price PSA PSA PSA PSA PSA PSA PSA PSA PSA
100 150 200 250 300 400 500 750 1000
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
94:27 8.314 8.327 8.350 8.384 8.429 8.582 8.840 9.255 9.596
94:28 8.311 8.324 8.346 8.380 8.425 8.577 8.833 9.246 9.584
94:29 8.308 8.321 8.343 8.376 8.421 8.572 8.827 9.236 9.572
94:30 8.305 8.317 8.340 8.373 8.418 8.567 8.820 9.226 9.560
94:31 8.302 8.314 8.337 8.369 8.414 8.563 8.813 9.217 9.548
95:00 8.299 8.311 8.333 8.366 8.410 8.558 8.807 9.207 9.536
95:01 8.296 8.308 8.330 8.362 8.406 8.553 8.800 9.198 9.524
95:02 8.293 8.305 8.327 8.359 8.402 8.548 8.793 9.188 9.512
95:03 8.290 8.302 8.323 8.355 8.398 8.543 8.787 9.179 9.500
95:04 8.287 8.299 8.320 8.352 8.394 8.538 8.780 9.169 9.488
95:05 8.284 8.295 8.317 8.348 8.391 8.533 8.773 9.160 9.476
95:06 8.281 8.292 8.313 8.345 8.387 8.528 8.767 9.150 9.465
95:07 8.277 8.289 8.310 8.341 8.383 8.523 8.760 9.141 9.453
95:08 8.274 8.286 8.307 8.338 8.379 8.518 8.753 9.131 9.441
95:09 8.271 8.283 8.304 8.334 8.375 8.514 8.747 9.122 9.429
95:10 8.268 8.280 8.300 8.331 8.371 8.509 8.740 9.112 9.417
95:11 8.265 8.277 8.297 8.327 8.368 8.504 8.733 9.102 9.405
95:12 8.262 8.273 8.294 8.324 8.364 8.499 8.727 9.093 9.393
95:13 8.259 8.270 8.290 8.320 8.360 8.494 8.720 9.083 9.382
95:14 8.256 8.267 8.287 8.317 8.356 8.489 8.713 9.074 9.370
95:15 8.253 8.264 8.284 8.313 8.352 8.484 8.707 9.064 9.358
95:16 8.250 8.261 8.281 8.309 8.348 8.479 8.700 9.055 9.346
95:17 8.247 8.258 8.277 8.306 8.345 8.475 8.693 9.046 9.334
95:18 8.244 8.255 8.274 8.302 8.341 8.470 8.687 9.036 9.322
95:19 8.241 8.252 8.271 8.299 8.337 8.465 8.680 9.027 9.311
95:20 8.238 8.248 8.267 8.295 8.333 8.460 8.674 9.017 9.299
95:21 8.235 8.245 8.264 8.292 8.329 8.455 8.667 9.008 9.287
95:22 8.232 8.242 8.261 8.288 8.326 8.450 8.660 8.998 9.275
95:23 8.229 8.239 8.258 8.285 8.322 8.445 8.654 8.989 9.263
95:24 8.226 8.236 8.254 8.281 8.318 8.441 8.647 8.979 9.252
95:25 8.223 8.233 8.251 8.278 8.314 8.436 8.641 8.970 9.240
95:26 8.220 8.230 8.248 8.275 8.310 8.431 8.634 8.960 9.228
Avg Life 27.720 25.324 22.152 18.881 15.859 10.479 6.559 4.206 3.258
Duration 10.705 10.412 9.918 9.267 8.511 6.675 4.901 3.427 2.748
First Pay 3/26 5/22 5/18 1/15 4/12 3/08 5/06 6/04 8/03
Last Pay 6/30 6/30 6/30 6/30 6/30 6/30 4/08 1/05 1/04
This information is furnished to you solely by PaineWebber Inc. and not by the issuer of the securities or any of its affiliates.
PaineWebber Inc. is acting as underwriter and not acting as agent for the issuer or its affiliates in connection with the proposed
transactions. Neither the issuer of the certificates nor any of its affiliates makes any representation as to the accuracy or
completeness of the information herein. The information herein is preliminary and will be superceded by the applicable prospectus
supplement and by any other information subsequently filed with the securities and exchange commission.
</TABLE>
<PAGE>
Cmoproj
PaineWebber 11:51:11 am July 17, 2000
Fixed Income Research PMAC001 30 year 7.5 Juliette T. Shekoff
cmoproj.377 jshekoff@fiunmr23
Page 1
<TABLE>
<CAPTION>
Accruing
Bond Balance Coupon Delay Factor Since Index Value Reset Multiplier
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
A5 17,500,000.00 7.75000 24 1.000000 07/01/00 -1.0000 - -
</TABLE>
<TABLE>
<CAPTION>
Current Settle Pricing Duration
Cap Floor Coupon Date Deal WAC WAM Speed @ Px
<S> <C> <C> <C> <C> <C> <C> <C> <C>
- - 7.7500 07/28/00 30 year 8.43 358.88 250.0PSA 97:16
</TABLE>
<TABLE>
<CAPTION>
Price PSA PSA PSA PSA PSA PSA PSA PSA PSA
100 150 200 250 300 400 500 750 1000
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
93:16 8.628 8.673 8.714 8.750 8.782 8.837 8.899 9.324 9.748
93:24 8.595 8.638 8.677 8.712 8.742 8.795 8.854 9.261 9.667
94:00 8.562 8.604 8.641 8.674 8.703 8.754 8.810 9.199 9.586
94:08 8.529 8.569 8.604 8.636 8.664 8.712 8.766 9.136 9.505
94:16 8.497 8.535 8.568 8.598 8.625 8.671 8.722 9.074 9.425
94:24 8.464 8.500 8.532 8.560 8.586 8.629 8.678 9.012 9.345
95:00 8.432 8.466 8.496 8.523 8.547 8.588 8.634 8.950 9.265
95:08 8.400 8.432 8.461 8.486 8.508 8.547 8.591 8.889 9.185
95:16 8.368 8.398 8.425 8.449 8.470 8.507 8.547 8.827 9.106
95:24 8.336 8.364 8.389 8.412 8.432 8.466 8.504 8.766 9.027
96:00 8.305 8.331 8.354 8.375 8.394 8.425 8.461 8.705 8.948
96:08 8.273 8.297 8.319 8.338 8.355 8.385 8.418 8.644 8.870
96:16 8.242 8.264 8.284 8.302 8.318 8.345 8.375 8.584 8.791
96:24 8.210 8.231 8.249 8.265 8.280 8.305 8.333 8.523 8.713
97:00 8.179 8.198 8.214 8.229 8.242 8.265 8.290 8.463 8.635
97:08 8.148 8.165 8.180 8.193 8.205 8.225 8.248 8.403 8.558
97:16 8.117 8.132 8.145 8.157 8.167 8.186 8.206 8.344 8.481
97:24 8.086 8.099 8.111 8.121 8.130 8.146 8.164 8.284 8.404
98:00 8.056 8.067 8.077 8.085 8.093 8.107 8.122 8.225 8.327
98:08 8.025 8.034 8.043 8.050 8.056 8.068 8.080 8.165 8.250
98:16 7.995 8.002 8.009 8.014 8.020 8.028 8.038 8.106 8.174
98:24 7.964 7.970 7.975 7.979 7.983 7.990 7.997 8.048 8.098
99:00 7.934 7.938 7.941 7.944 7.946 7.951 7.956 7.989 8.022
99:08 7.904 7.906 7.907 7.909 7.910 7.912 7.914 7.931 7.946
99:16 7.874 7.874 7.874 7.874 7.874 7.874 7.873 7.872 7.871
99:24 7.844 7.842 7.841 7.839 7.838 7.835 7.833 7.814 7.796
100:00 7.815 7.811 7.807 7.804 7.802 7.797 7.792 7.756 7.721
100:08 7.785 7.779 7.774 7.770 7.766 7.759 7.751 7.699 7.646
100:16 7.756 7.748 7.741 7.735 7.730 7.721 7.711 7.641 7.572
100:24 7.726 7.717 7.709 7.701 7.695 7.683 7.670 7.584 7.498
101:00 7.697 7.686 7.676 7.667 7.659 7.645 7.630 7.527 7.424
101:08 7.668 7.655 7.643 7.633 7.624 7.608 7.590 7.470 7.350
Avg Life 15.888 14.145 12.840 11.843 11.066 9.944 8.952 5.479 4.007
Duration 8.257 7.783 7.404 7.096 6.842 6.445 6.054 4.271 3.303
First Pay 8/05 8/05 8/05 8/05 8/05 8/05 8/05 1/05 1/04
Last Pay 6/30 6/30 6/30 6/30 6/30 6/30 6/30 5/08 5/05
This information is furnished to you solely by PaineWebber Inc. and not by the issuer of the securities or any of its affiliates.
PaineWebber Inc. is acting as underwriter and not acting as agent for the issuer or its affiliates in connection with the proposed
transactions. Neither the issuer of the certificates nor any of its affiliates makes any representation as to the accuracy or
completeness of the information herein. The information herein is preliminary and will be superceded by the applicable prospectus
supplement and by any other information subsequently filed with the securities and exchange commission.
</TABLE>
<PAGE>
LAST PAGE
Cmoproj
PaineWebber 11:49:38 am July 17, 2000
Fixed Income Research PMAC001 30 year 7.5 Juliette T. Shekoff
jshekoff@fiunmr23
cmoproj.377 Page 1
<TABLE>
<CAPTION>
Accruing
Bond Balance Coupon Delay Factor Since Index Value Reset Multiplier
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
A5 17,500,000.00 7.75000 24 1.000000 07/01/00 -1.000 - -
</TABLE>
<TABLE>
<CAPTION>
Current Settle Pricing Duration
Cap Floor Coupon Date Deal WAC WAM Speed @ Px
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
- - 7.7500 07/28/00 30 year 8.43 358.88 250.0PSA 97:16
</TABLE>
<TABLE>
<CAPTION>
Price CPR CPR CPR CPR CPR CPR CPR CPR
5.00 10.00 15.00 20.00 25.00 30.00 40.00 50.00
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
93:16 8.611 8.687 8.750 8.802 8.855 9.014 9.469 9.950
93:24 8.579 8.652 8.712 8.761 8.812 8.964 9.400 9.860
94:00 8.547 8.616 8.674 8.721 8.770 8.915 9.331 9.771
94:08 8.515 8.581 8.636 8.681 8.727 8.866 9.262 9.681
94:16 8.483 8.546 8.598 8.641 8.685 8.817 9.194 9.592
94:24 8.452 8.511 8.560 8.601 8.643 8.768 9.126 9.503
95:00 8.420 8.477 8.523 8.562 8.601 8.719 9.058 9.415
95:08 8.389 8.442 8.486 8.522 8.560 8.671 8.990 9.327
95:16 8.357 8.407 8.449 8.483 8.518 8.623 8.922 9.239
95:24 8.326 8.373 8.412 8.444 8.477 8.575 8.855 9.151
96:00 8.295 8.339 8.375 8.405 8.435 8.527 8.788 9.064
96:08 8.264 8.305 8.338 8.366 8.394 8.479 8.721 8.977
96:16 8.234 8.271 8.302 8.327 8.353 8.431 8.655 8.890
96:24 8.203 8.237 8.265 8.289 8.313 8.384 8.588 8.804
97:00 8.173 8.204 8.229 8.250 8.272 8.337 8.522 8.717
97:08 8.142 8.170 8.193 8.212 8.232 8.290 8.456 8.631
97:16 8.112 8.137 8.157 8.174 8.191 8.243 8.390 8.546
97:24 8.082 8.103 8.121 8.136 8.151 8.196 8.325 8.460
98:00 8.052 8.070 8.085 8.098 8.111 8.149 8.259 8.375
98:08 8.022 8.037 8.050 8.060 8.071 8.103 8.194 8.291
98:16 7.992 8.004 8.014 8.023 8.031 8.057 8.129 8.206
98:24 7.962 7.972 7.979 7.985 7.992 8.011 8.065 8.122
99:00 7.933 7.939 7.944 7.948 7.952 7.965 8.000 8.038
99:08 7.904 7.906 7.909 7.911 7.913 7.919 7.936 7.954
99:16 7.874 7.874 7.874 7.874 7.874 7.873 7.872 7.871
99:24 7.845 7.842 7.839 7.837 7.834 7.828 7.808 7.787
100:00 7.816 7.810 7.804 7.800 7.796 7.782 7.744 7.704
100:08 7.787 7.778 7.770 7.763 7.757 7.737 7.681 7.622
100:16 7.758 7.746 7.735 7.727 7.718 7.692 7.618 7.539
100:24 7.729 7.714 7.701 7.690 7.680 7.647 7.555 7.457
101:00 7.701 7.682 7.667 7.654 7.641 7.602 7.492 7.375
101:08 7.672 7.651 7.633 7.618 7.603 7.558 7.429 7.294
Avg Life 16.597 13.669 11.843 10.638 9.644 7.677 4.878 3.563
Duration 8.442 7.647 7.096 6.695 6.329 5.442 3.883 2.981
First Pay 8/05 8/05 8/05 8/05 8/05 8/05 5/04 5/03
Last Pay 6/30 6/30 6/30 6/30 6/30 6/30 7/07 3/05
This information is furnished to you solely by PaineWebber Inc. and not by the issuer of the securities or any of its affiliates.
PaineWebber Inc. is acting as underwriter and not acting as agent for the issuer or its affiliates in connection with the proposed
transactions. Neither the issuer of the certificates nor any of its affiliates makes any representation as to the accuracy or
completeness of the information herein. The information herein is preliminary and will be superceded by the applicable prospectus
supplement and by any other information subsequently filed with the securities and exchange commission.
</TABLE>
<PAGE>
PaineWebber PWM00001
<TABLE>
<CAPTION>
First Pay
Closing Date Date Collateral Pricing Speed Wac Wam Age PAC1's PAC2's PAC3's PAC %
------------ --------- ---------- ------- ----- --- --- --- ------ ------ ------ -----
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
07/28/00 08/25/00 WHOLE 8.132 250 PSA 8.39 359 1 - - - 0.00
Report Run On Report Run By
Mon Jul 24 Juliette T.
17:12:33 2000 Shekoff
</TABLE>
<TABLE>
<CAPTION>
TRANCHES
Name Balance Coupon Window Avg Life Description Delay Deal %
---- ------- ------ ------ -------- ----------- ----- ------
<S> <C> <C> <C> <C> <C> <C> <C>
A1 82,721,000.00 7.750000 8/00-7/05 2.78 24 48.60
A2 23,444,000.00 7.750000 7/05-8/07 5.99 24 13.78
A3 30,000,000.00 7.750000 8/07-12/14 9.87 24 17.63
A4 10,000,000.00 7.750000 12/14-6/30 18.80 24 5.88
A5 17,000,000.00 7.750000 8/05-6/30 11.84 24 9.99
--- -------------- -------- ---------- ----- ------------ ----- -----
14 170,191,412.03 8,132409 - 6.66 - -
</TABLE>
COLLATERAL
Collateral Size Prepay Net Age Wam Wac
---------- ---- ------ --- --- --- ---
WHOLE 22,313,102 PSA 250 7.62 2 358 7.870
WHOLE 147,878,310 PSA 250 8.21 1 359 8.465
-------- ----------- ------- --- ---- -- --- -----
- 170,191,412 - - 8.13 1.1 358.9 8.39
This information is furnished to you solely by PaineWebber Inc. and not by the
issuer of the securities or any of its affiliates. PaineWebber Inc. is acting as
underwriter and not acting as agent for the issuer or its affiliates in
connection with the proposed transactions. Neither the issuer of the
certificates nor any of its affiliates makes any representation as to the
accuracy or completeness of the information herein. The information herein is
preliminary and will be superceded by the applicable prospectus supplement and
by any other information subsequently filed with the securities and exchange
commission.
