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: March 16, 1999
(Date of earliest event reported)
Commission File No. 333-64131
Chase Funding, Inc.
- --------------------------------------------------------------------------------
New York 13-3840732
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(State of Incorporation) (I.R.S. Employer Identification No.)
343 Thornall Street
Edison, New Jersey 08837
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(Address of principal executive offices) (Zip Code)
(732) 205-0600
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(Registrant's Telephone Number, including area code)
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(Former name, former address and former fiscal year,
if changed since last report)
<PAGE>
ITEM 5. Other Events
Attached as exhibits are certain Structural Term Sheets and Collateral
Term Sheets (as defined in the no-action letter dated May 20, 1994 issued by the
Securities and Exchange Commission to Kidder, Peabody Acceptance Corporation I,
Kidder, Peabody & Co. Incorporated and Kidder Structured Asset Corporation) as
modified by a no-action letter (the "First PSA No-Action Letter") issued by the
staff of the Commission on May 27, 1994 to the Public Securities Association
(the "PSA") and as further modified by a no-action letter (the "Second PSA
No-Action Letter") issued by the staff of the Commission on March 9, 1995 to the
PSA) furnished to the Registrant by Lehman Brothers (the "Underwriter") in
respect of the Registrant's proposed offering of Asset-Backed Certificates,
Series 1999-1 (the "Certificates").
The Certificates will be offered pursuant to a Prospectus and related
Prospectus Supplement (together, the "Prospectus"), which will be filed with the
Commission pursuant to Rule 424 under the Securities Act of 1933, as amended
(the "Act"). The Certificates will be registered pursuant to the Act under the
Registrant's Registration Statement on Form S-3 (No. 333-64131) (the
"Registration Statement"). The Registrant hereby incorporates the Structural
Term Sheets and Collateral Term Sheets by reference in the Registration
Statement.
The Structural Term Sheets and Collateral Term Sheets were prepared
solely by the Underwriter, and the Registrant did not prepare or participate in
the preparation of the Structural Term Sheets and Collateral Term Sheets.
Any statement or information contained in the Structural Term Sheets or
Collateral Term Sheets shall be deemed to be modified or superseded for purposes
of the Prospectus and the Registration Statement by statements or information
contained in the Prospectus.
<PAGE>
ITEM 7. Financial Statements, Pro Forma Financial Information and Exhibits
(c) Exhibits
Item 601(a)
of Regulation S-K
Exhibit No. Description
- ----------- -----------
(99) Structural Term Sheets and Collateral
Term Sheets prepared by Lehman
Brothers, in connection with Chase
Funding Mortgage Loan Asset-Backed
Certificates, Series 1999-1.
<PAGE>
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 hereunto duly authorized.
CHASE FUNDING, INC.
Date: March 17, 1999
By: /s/ Eileen Lindblom
------------------------------
Name: Eileen Lindblom
Title: Vice President
<PAGE>
INDEX TO EXHIBITS
Paper (P) or
Exhibit No. Description Electronic (E)
- ----------- ----------- --------------
(99) Structural Term Sheets and Collateral E
Term Sheets Materials prepared
by Lehman Brothers in connection
with Chase Funding Mortgage Loan
Asset-Backed Certificates, Series 1999-1.
CHASE FUNDING
MORTGAGE LOAN ASSET-BACKED CERTIFICATES, SERIES 1999-1
$365,000,000 (APPROXIMATE)
Subject to Revision
Derived Information
LEHMAN BROTHERS
THIS INFORMATION DOES NOT CONSTITUTE EITHER AN OFFER TO SELL OR A SOLICITATION
OF AN OFFER TO BUY ANY OF THE SECURITIES REFERRED TO HEREIN. OFFERS TO SELL AND
SOLICITATIONS OF OFFERS TO BUY THE SECURITIES ARE MADE ONLY BY , AND THIS
INFORMATION MUST BE READ IN CONJUNCTION WITH, THE FINAL PROSPECTUS SUPPLEMENT
AND THE RELATED PROSPECTUS OR, IF NOT REGISTERED UNDER THE SECURITIES LAWS, THE
FINAL OFFERING MEMORANDUM (THE "OFFERING DOCUMENT"). INFORMATION CONTAINED
HEREIN DOES NOT PURPORT TO COMPLETE AND IS SUBJECT TO THE SAME QUALIFICATIONS
AND ASSUMPTIONS, AND SHOULD BE CONSIDERED BY INVESTORS ONLY IN THE LIGHT OF THE
SAME WARNINGS, LACK OF ASSURANCES AND REPRESENTATIONS AND OTHER PRECAUTIONARY
MATTERS, AS DISCLOSED IN THE OFFERING DOCUMENT. INFORMATION REGARDING THE
UNDERLYING ASSETS HAS BEEN PROVIDED BY THE ISSUER OF THE SECURITIES OR AN
AFFILIATE THEREOF AND HAS NOT BEEN INDEPENDENTLY VERIFIED BY LEHMAN BROTHERS
INC. OR ANY AFFILIATE. THE ANALYSES CONTAINED HEREIN HAVE BEEN PREPARED AND
DELIVERED BY LEHMAN BROTHERS INC. AND THE CONTENTS AND ACCURACY THEREOF HAVE NOT
BEEN REVIEWED BY THE ISSUER. THIS INFORMATION WAS PREPARED ON THE BASIS OF
CERTAIN ASSUMPTIONS (INCLUDING, IN CERTAIN CASES, ASSUMPTIONS SPECIFIED BY THE
RECIPIENT HEREOF) REGARDING PAYMENTS, INTEREST RATES, WEIGHTED AVERAGE LIVES,
WEIGHTED AVERAGE LOAN AGE, LOSSES AND OTHER MATTERS, INCLUDING, BUT NOT LIMITED
TO, THE ASSUMPTIONS DESCRIBED IN THE OFFERING DOCUMENT. LEHMAN BROTHERS INC.,
AND ANY OF ITS AFFILIATES, MAKE NO REPRESENTATION OR WARRANTY AS TO THE ACTUAL
RATE OR TIMING OF PAYMENTS ON ANY OF THE UNDERLYING ASSETS OR THE PAYMENTS OR
YIELD ON THE SECURITIES. THIS INFORMATION SUPERSEDES ANY PRIOR VERSIONS HEREOF
AND WILL BE DEEMED TO BE SUPERSEDED BY ANY SUBSEQUENT VERSIONS (INCLUDING, WITH
RESPECT TO ANY DESCRIPTION OF THE SECURITIES OR UNDERLYING ASSETS, THE
INFORMATION CONTAINED IN THE OFFERING DOCUMENT).
LEHMAN BROTHERS
<PAGE>
TERM SHEET
MARCH 16, 1999
CHASE FUNDING
MORTGAGE LOAN ASSET-BACKED CERTIFICATES
SERIES 1999-1
$365,000,000 (APPROXIMATE)
SUBJECT TO REVISION
<TABLE>
<CAPTION>
RATINGS EXP FINAL
CLASS AMOUNT (S&P/FITCH) WAL(1) BOND TYPE COUPON MATURITY(1)
- ----- ------ ---------- ---- --------- ------ ---------
<S> <C> <C> <C> <C> <C> <C>
IA-1 $ 56,600,000 AAA/AAA 1.14 SEQ Fixed 6/01
IA-2 $ 23,800,000 AAA/AAA 3.04 SEQ Fixed 4/03
IA-3 $ 12,900,000 AAA/AAA 5.03 SEQ Fixed 7/05
IA-4 $ 12,000,000 AAA/AAA 8.13 SEQ Fixed 9/07
IA-5 $ 13,000,000 AAA/AAA 6.48 NAS Fixed 9/07
IM-1 $ 6,987,000 AA/AA 5.65 MEZ Fixed 9/07
IM-2 $ 2,275,000 A/A 5.65 MEZ Fixed(2) 9/07
IB $ 2,438,000 BBB/BBB 5.08 SUB Fixed(2) 9/07
IIA-1 $138,650,000 AAA/AAA 2.50 Pass-thru 1M Libor + [ ](3) 5/06
IIA-2 $ 58,750,000 AAA/AAA 1.98 NAS Fixed 3/02
IIM-1 $ 17,625,000 AA/AA 4.90 MEZ IM Libor + [ ](3) 5/06
IIM-2 $ 11,750,000 A/A 4.83 MEZ IM Libor + [ ](3) 5/06
IIB $ 8,225,000 BBB/BBB 4.79 SUB IM Libor + [ ](3) 5/06
</TABLE>
- --------------
(1) The Group 1 Certificates will be priced at 23 HEP % while the Group II
Certificates will be priced at 27% CPR. Assumes 10% call by group.
(2) Subject to an available funds cap.
(3) Subject to an available funds cap and a maximum funds cap.
<PAGE>
TITLE OF CERTIFICATES: Chase Funding Mortgage Loan Asset-Backed
Certificates, Series 1999-1, consisting of:
IA-1, IA-2, IA-3, IA-4, IA-5
IM-1, IM-2
IB
Group I Certificates
and
IIA-1
IIA-2
IIM-1, IIM-2
IIB
Group II Certificates
UNDERWRITERS: Chase Securities Inc., Lehman Brothers, Inc.
and Morgan Stanley Dean Witter.
DEPOSITOR: Chase Funding, Inc.
SELLER AND MASTER SERVICER: Chase Manhattan Mortgage Corporation
SUBSERVICER: Advanta Mortgage Corp. USA
TRUSTEE: Citibank, N.A.
CUT-OFF DATE: [March 1, 1999]
PRICING DATE: [March 18, 1999]
CLOSING DATE: [March 26, 1999]
DISTRIBUTION DATES: Distribution of principal and interest on
the certificates will be made on the 25th
day of each month or, if such day is not a
business day, on the first business day
thereafter commencing in April 1999.
ERISA CONSIDERATIONS: The Class IA and IIA Certificates will be
ERISA eligible as of Closing. However,
investors should consult with their counsel
with respect to the consequences under ERISA
and the Internal Revenue Code of an ERISA
Plan's acquisition and ownership of such
Certificates.
LEGAL INVESTMENt: The Certificates will NOT constitute
"mortgage-related securities" for the
purposes of SMMEA.
TAX STATUS: For federal income tax purposes, the Trust
Fund will include two segregated asset
pools, with respect to which elections will
be made to treat each as a "real estate
mortgage investment conduit" ("REMIC").
OPTIONAL TERMINATION: The Master Servicer has the option to
exercise a call on each loan group
individually when the aggregate Stated
Principal Balance for that loan group is
less than or equal to 10% of the aggregate
Stated Principal Balance of the related
group as of the Cut-Off Date (i.e. separate
calls for each group). The call will be
exercised at a price equal to the sum of (i)
the unpaid principal balance of the Mortgage
Loans in the related loan group (other than
in respect of REO property) plus accrued
interest, net of the Servicing Fee and any
unpaid advances of interest, (ii) the
appraised value of any REO Property in the
related loan group (up to the unpaid
principal balance of the related Mortgage
Loan), and (iii) any unreimbursed
out-of-pocket costs and expenses and the
principal portion of Advances, in each case
previously incurred by the Servicer in the
performance of its servicing obligations in
connection with such mortgage loans.
MORTGAGE LOANS: The mortgage pool will consist of mortgage
loans ("Mortgage Loans") that will be
divided into a fixed rate coupon group
(Group I) and an adjustable-rate coupon
group (Group II). The mortgage loans are
secured by first liens on real properties.
<PAGE>
CHASE FUNDING MORTGAGE LOAN ASSET-BACKED CERTIFICATES, SERIES 1999-1
CERTIFICATE STRUCTURE
CREDIT ENHANCEMENT: 1) Excess interest
2) Over-Collateralization
3) Cross-Collateralization
4) Subordination
EXCESS INTEREST: Excess interest cashflows from each group
will be available as credit enhancement for
the related group.
OVERCOLLATERALIZATION: The overcollateralization ("O/C") provisions
are intended to provide for the limited
acceleration of the senior Certificates
relative to the amortization of the related
mortgage group, generally until the O/C
levels are reached. Accelerated amortization
is achieved by applying certain excess
interest collected on each mortgage group to
the payment of principal on the related
senior Certificates, resulting in the build
up of O/C. By paying down the principal
balance of the certificates faster than the
principal amortization of the related
mortgage group, an overcollateralization
amount equal to the excess of the aggregate
principal balance of the related mortgage
group over the principal balance of the
related Certificates is created. Excess
cashflow will be directed to build each O/C
amount until the respective mortgage group
reaches its required O/C target. Upon this
event the acceleration feature will cease,
unless it is once again necessary to
maintain the required O/C level.
GROUP I CERTIFICATES
Initial: 0.00%
Target: 0.65% of original
Stepdown: 1.30% of current
Floor: 0.50% of original
GROUP II CERTIFICATES
Initial: 0.00%
Target: 2.00% of original
Stepdown: 4.00% of current
Floor: 0.50% of original
(PRELIMINARY AND SUBJECT TO REVISION)
CROSS-
COLLATERALIZATION: Excess spread from each of the two mortgage
groups, if not needed to credit enhance its
own group will be available to credit
enhance the other group.
<PAGE>
GROUP I SUBORDINATION(1): (S&P/FITCH) GROUP I (Fixed)
---------------
Class IA (AAA/AAA) 9.650%
Class IM-1 (AA/AA) 4.275%
Class IM-2 (A/A) 2.525%
Class IB (BBB/BBB) 0.650%
(PRELIMINARY AND SUBJECT TO REVISION)
GROUP I CLASS SIZES: (S&P/FITCH) GROUP I (Fixed)
---------------
Class IA AAA/AAA) 91.000%
Class IM-1 (AA/AA) 5.375%
Class IM-2 (A/A) 1.750%
Class IB (BBB/BBB) 1.875%
(PRELIMINARY AND SUBJECT TO REVISION)
GROUP II SUBORDINATION(1): (S&P/FITCH) GROUP II (Adjustable)
---------------------
Class IIA (AAA/AAA) 18.000%
Class IIM-1 (AA/AA) 10.500%
Class IIM-2 (A/A) 5.500%
Class IIB (BBB/BBB) 2.000%
(PRELIMINARY AND SUBJECT TO REVISION)
GROUP II CLASS SIZES: (S&P/FITCH) GROUP II (Adjustable)
---------------------
Class IIA AAA/AAA) 84.000%
Class IIM-1 (AA/AA) 7.500%
Class IIM-2 (A/A) 5.000%
Class IIB (BBB/BBB) 3.500%
(PRELIMINARY AND SUBJECT TO REVISION)
(1) The subordination percentage includes initial target overcollateralization
of 0.65% for Group I and 2.00% for Group II. This overcollateralization credit
support will not be available as of the closing date.
<PAGE>
GROUP I
MORTGAGE LOANS: Fixed-Rate, First Lien Sub-prime Mortgage
Loans
TOTAL GROUP SIZE*: $130,000,000
PREPAYMENT
ASSUMPTION: 23% HEP (2.3% - 23% CPR Ramp over 10 months)
FIXED RATE AVAILABLE
FUNDS CAP: The Pass-Through Rate of the Class IM-2 and
IB Certificates is subject to the Group I
Available Funds Cap which is a rate equal to
the weighted average gross interest rate of
the related Mortgage Loans less a servicing
fee (50 bps) and a trustee/master servicing
fee (1 bps).
INTEREST ACCRUAL: Interest will accrue during the calendar
month preceding the month of distribution.
PAYMENT DELAY: 24 days
INT. PMT. BASIS: 30/360
COUPON STEP UP: If the 10% Clean-Up Call for the Group I
Certificates is not exercised, the
Pass-Through Rate on the Class IA-4
Certificates shall increase by 50 bps.
* The Mortgage Pool as of the Closing Date will include approximately
[$39,000,000] of Fixed Rate Mortgage Loans that are not included in the
statistical information set forth in this document. Updated statistical
information on the final Mortgage Pool (giving effect to the inclusion of
such Mortgage Loans) will be available to purchasers of the Certificates at,
and will be filed with the Securities and Exchange Commission within fifteen
days of, the initial delivery of the Certificates.
<PAGE>
CHASE FUNDING MORTGAGE LOAN ASSET-BACKED
CERTIFICATES, SERIES 1999-1
GROUP I CERTIFICATES
<TABLE>
<CAPTION>
CLASS CLASS CLASS CLASS CLASS CLASS CLASS CLASS
IA-1 IA-2 IA-3 IA-4 IA-5 IM-1 IM-2 IB
----------- ------------ ----------- ------------- ----------- ------------- ------------ ------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
OFFER SIZE
($MM) 56.600 23.800 12.900 12.000 13.000 6.987 2.275 2.438
EXPECTED RATINGS
S&P AAA AAA AAA AAA AAA AA A BBB
FITCH AAA AAA AAA AAA AAA AA A BBB
COUPON Fixed Fixed Fixed Fixed(2) Fixed Fixed Fixed(1) Fixed(1)
AVG LIFE 1.14 3.04 5.03 8.13 6.48 5.65 5.65 5.08
CALL (YRS) (3)
AVG LIFE 1.14 3.04 5.03 10.51 6.63 6.09 5.83 5.08
MAT (YRS) (3)
PAYMENT WINDOW 1-27 27-49 49-76 76-102 37-102 37-102 37-102 37-102
TO CALL (MOS.) (3)
PAYMENT WINDOW 1-27 27-49 49-76 76-201 37-177 37-157 37-125 37-103
TO MATURITY (MOS.) (3)
EXP MAT TO CALL (3) 6/01 4/03 7/05 9/07 9/07 9/07 9/07 9/07
EXP MAT TO MATURITY (3) 6/01 4/03 7/05 12/15 12/13 4/12 8/09 10/07
LAST SCHEDULED
DISTRIBUTION DATE 12/13 5/22 5/26 11/28 12/13 5/28 6/27 10/25
</TABLE>
(1) Subject to an available funds cap.
(2) After the call date, the coupon will increase by 50 bps.
(3) The Group I Certificates will be priced at 23% HEP.
<PAGE>
GROUP II
MORTGAGE LOANS: Adjustable-Rate, Sub-prime First Lien
Mortgage Loans
TOTAL GROUP SIZE*: $235,000,000
PREPAYMENT ASSUMPTION: 27% CPR
ADJUSTABLE RATE
AVAILABLE FUNDS CAP: All Group II Pass-Through Rates (other than
with respect to the Class IIA-2
Certificates) are subject to the Group II
Available Funds Cap. The Group II Available
Funds Cap is a rate equal to the weighted
average gross interest rate of the related
mortgage loans less a servicing fee (50 bps)
and a trustee/master servicing fee (1 bp).
MAXIMUM FUNDS CAP: All Group II Pass-Through Rates (other than
the Class IIA-2 Certificates) will be also
subject to a maximum funds cap equal to a
weighted average maximum lifetime rate on
the underlying mortgage loans. Any interest
shortfall due to the maximum funds cap will
not be reimbursed.
INTEREST ACCRUAL: For Class IIA-1, IIM-1, IIM-2 and IIB,
interest will initially accrue from the
Closing Date to (but excluding) the first
Distribution Date, and thereafter, from the
prior Distribution Date to the day
preceeding the current Distribution Date.
For Class IIA-2, interest will accrue during
the calendar month preceding the month of
distribution.
PAYMENT DELAY: For Class IIA-1, IIM-1, IIM-2 and IIB, 0
days For Class IIA-2, 24 days
INT. PMT. BASIS: For Class IIA-1, IIM-1, IIM-2 and IIB,
actual/360 For Class IIA-2, 30/360
SHORTFALL
REIMBURSEMENT: If on any Distribution Date the Pass-Through
Rate is limited by the Available Funds Cap,
the amount of such interest that would have
been distributed if the Pass-Through Rate
had not been so limited over the amount of
interest at the Distribution Available Funds
Cap and the aggregate of such shortfalls
from previous Distribution Dates together
with accrued interest at the Pass-Through
Rate will be carried over to the next
Distribution Date until paid (herein
referred to as "Carryover"). Such
reimbursement will only come from interest
on the Group II loans. No such Group II
Certificate Carryover will be paid once the
Group II Certificate principal balance has
been reduced to zero.
COUPON STEP UP: If the 10% Clean-Up Call for the Group II
Certificates is not exercised, (i) the
Pass-Through Rate on the Class IIA-1
Certificates shall increase by 2x the IIA-1
margin, and (ii) the Pass-Through Rates on
the Class IIM-1, Class IIM2 and Class IIB
Certificates shall increase by 1.5x their
related margins.
* The Mortgage Pool as of the Closing Date will include approximately
[$58,000,000] of Adjustable Rate Mortgage Loans that are not included in
the statistical information set forth in this document. Updated statistical
information on the final Mortgage Pool (giving effect to the inclusion of
such Mortgage Loans) will be available to purchasers of the Certificates
at, and will be filed with the Securities and Exchange Commission within
fifteen days of, the initial delivery of the Certificates.
<PAGE>
CHASE FUNDING MORTGAGE LOAN ASSET-BACKED CERTIFICATES, SERIES 1999-1
GROUP II CERTIFICATES
<TABLE>
<CAPTION>
CLASS CLASS CLASS CLASS CLASS
IIA-1 IIA-2 IIM-1 IIM-2 IIB
- ------------------------ ---------------------- --------------- ---------------------- ---------------------- ---------------------
<S> <C> <C> <C> <C> <C>
OFFER
SIZE ($MM) 138.650 58.750 17.625 11.750 8.225
EXPECTED RATINGS
S&P AAA AAA AA A BBB
FITCH AAA AAA AA A BBB
COUPON IM Libor + [ ](1),(2) Fixed IM Libor + [ ](1),(3) IM Libor + [ ](1),(3) IM Libor + [ ](1),(3)
AVG LIFE 2.50 1.98 4.90 4.83 4.79
CALL (YRS) (4)
AVG LIFE 2.81 1.98 5.41 5.25 4.98
MAT (YRS) (4)
PYMT WINDOW 1-86 16-36 40-86 38-86 37-86
TO CALL (MOS.) (4)
PYMT WINDOW 1-194 16-36 40-158 38-139 37-115
TO MATURITY (MOS.) (4)
EXP MAT TO CALL (4) 5/06 3/02 5/06 5/06 5/06
EXP MAT TO MATURITY (4) 5/15 3/02 5/12 10/10 10/08
LAST SCHEDULED
DISTRIBUTION DATE 1/29 6/17 12/28 10/28 6/28
</TABLE>
(1) Subject to an available funds cap and a maximum funds cap.
(2) If the 10% cleanup call is not exercised, the coupon of the Class IIA-1
Certificates shall increase by 2x the IIA-1 margin.
(3) If the 10% cleanup call is not exercised, the coupon on the Class IIM-1,
IIM-2 and IIB Certificates shall increase by 1.5x their related margins.
(4) The Group II Certificates will be prices at 27% CPR.
<PAGE>
CHASE FUNDING MORTGAGE LOAN ASSET-BACKED CERTIFICATES, SERIES 1999-1
CASH FLOW PRIORITY
CASHFLOW PRIORITY: GROUP I CERTIFICATES
1) Repayment of any unrecoverable, unreimbursed Servicer
advances.
2) Servicing Fees and Trustee/Master Servicing Fees.
3) Group I available interest funds, as follows: monthly
interest, including any interest carryforward to the Class IA
Certificates, on a pro-rata basis, then monthly interest,
including any interest carryforward to the Class IM-1
Certificates, then to the Class IM-2 Certificates and then to
the Class IB Certificates.
4) Group I available principal funds, as follows: monthly
principal sequentially to the Class IA Certificates as
described under "PRINCIPAL PAYDOWN", then monthly principal to
the Class IM-1 Certificates as described under "PRINCIPAL
PAYDOWN", then monthly principal to the Class IM-2
Certificates as described under "PRINCIPAL PAYDOWN", then
monthly principal to the Class IB Certificates as described
under "PRINCIPAL PAYDOWN."
5) Excess cashflow to Group I Certificates in the order as
described under "PRINCIPAL PAYDOWN" to build O/C.
6) Excess cashflow to pay Group I subordinate principal
shortfalls.
7) Excess cashflow to pay amounts under items 1 through 6 under
"Group II Certificates" below.
8) Any excess cashflow reverts to the Residual Certificateholder.
CASHFLOW PRIORITY: GROUP II CERTIFICATES
1) Repayment of any unrecoverable, unreimbursed Servicer
advances.
2) Servicing Fees, Trustee/Master Servicing Fees.
3) Group II available interest funds, as follows: monthly
interest, including any interest carryforward to the Class IIA
Certificates, on a pro-rata basis, then monthly interest,
including any interest carryforward to the Class IIM-1
Certificates, then to the Class IIM-2 Certificates and then to
the Class IIB Certificates.
4) Group II available principal funds, as follows: monthly
principal sequentially to the Class IIA Certificates as
described under "PRINCIPAL PAYDOWN", then monthly principal to
the Class IIM-1 Certificates as described under "PRINCIPAL
PAYDOWN", then monthly principal to the Class IIM-2
Certificates as described under "PRINCIPAL PAYDOWN", then
monthly principal to the Class IIB Certificates as described
under "PRINCIPAL PAYDOWN."
5) Excess cashflow to Group II Certificates in the order as
described under "PRINCIPAL PAYDOWN" to build O/C.
6) Excess cashflow to pay Group II subordinate principal
shortfalls.
7) Excess cashflow to pay amounts under items 1 through 6 under
"Group I Certificates" above.
8) Excess cashflow to pay any Group II Certificate Carryover.
9) Any excess cashflow reverts to the Residual Certificateholder.
<PAGE>
CHASE FUNDING MORTGAGE LOAN ASSET-BACKED CERTIFICATES, SERIES 1999-1
PRINCIPAL PAYDOWN
CLASS IA-5 LOCKOUT DISTRIBUTION AMOUNT: THE APPLICABLE CLASS IA-5 LOCKOUT
PERCENTAGE MULTIPLIED BY THE CLASS IA-5 PRO-RATA DISTRIBUTION AMOUNT.
CLASS IA-5 LOCKOUT PERCENTAGE
-----------------------------
April 1999 -- March 2002: 0%
April 2002 -- March 2004: 45%
April 2004 -- March 2005: 80%
April 2005 -- March 2006: 100%
April 2006 and thereafter: 300%
CLASS IIA-2 LOCKOUT DISTRIBUTION AMOUNT: UNTIL MARCH 2002, THE APPLICABLE
CLASS IIA-2 LOCKOUT PERCENTAGE MULTIPLIED BY THE CLASS IIA-2 PRO-RATA
DISTRIBUTION AMOUNT. FOR MARCH 2002 AND THEREAFTER, THE CLASS IIA-2 LOCKOUT
AMOUNT DISTRIBUTION WILL EQUAL THE GROUP II CLASS A PRINCIPAL CASHFLOWS.
CLASS IIA-2 LOCKOUT PERCENTAGE
------------------------------
April 1999 -- June 2000: 0%
July 2000 -- February 2002: 500%
IF THE SUBORDINATE CLASS PRINCIPAL DISTRIBUTION TEST IS NOT MET:
Group I Certificates:
---------------------
1) To the Class IA-5 Certificateholders -- the Class IA-5 Lockout
Distribution Amount
2) All remaining scheduled and unscheduled Group I principal will be
paid sequentially to the Class IA Certificates.
Group II Certificates:
----------------------
1) To the Class IIA-2 Certificateholders -- the Class IIA-2 Lockout
Distribution Amount
2) All remaining scheduled and unscheduled Group II principal will
be paid sequentially to the Class IIA Certificates.
<PAGE>
IF THE SUBORDINATE CLASS PRINCIPAL DISTRIBUTION TEST IS MET:
With respect to each Group, all Certificates will be entitled to
receive payments of principal, in the following order of priority:
first sequentially to the Class A Certificates (in the same order
of priority as is the case prior to the test being met), second to
the Class M-1 Certificates, third to the Class M-2 Certificates,
and fourth to the Class B Certificates.
If the Subordinated Class Principal Distribution Test is met,
principal will be distributed in amounts that will keep the
subordination for each class at its required level.
REQUIRED SUBORDINATION LEVELS*
Group I Group II
------- --------
Class A - 19.30% Class A - 36.00%
Class M-1 8.55% Class M-1 21.00%
Class M-2 5.05% Class M-2 11.00%
Class B 1.30% Class B 4.00%
*Includes overcollateralization
(PRELIMINARY AND SUBJECT TO REVISION)
THE SUBORDINATE CLASS PRINCIPAL DISTRIBUTION TEST IS MET IF:
i) The Distribution Date is on or after the April 2002
Distribution Date.
ii) The applicable Subordinate Class Principal Distribution
Date has occurred (as described below).
iii) A Trigger Event has not occurred (a Trigger Event occurs if
current Senior Enhancement Percentage is not greater than or
equal to a multiple of the 60+ Day delinquency percentage
(including foreclosures and REOs) ([2x] for Group I; [2.5x]
for Group II).
THE SUBORDINATE CLASS PRINCIPAL DISTRIBUTION DATE:
For each group, the later of (i) the April 2002 Distribution Date
and (ii) the first Distribution Date on which the applicable
Senior Enhancement Percentage (i.e., the sum of the Subordinate
Certificates + the O/C amount for the applicable group divided by
the aggregate Loan Balance of the Mortgage Loans for such group)
is greater than or equal to the applicable Senior Specified
Enhancement Percentage (including O/C), which is equal to two
times the initial AAA subordination.
Group I Senior Group II Senior
Specified Enhancement Specified Enhancement
Percentage: Percentage:
------------------- -------------------
[19.30% [36.00%
or or
(9.00% + 0.65%)*2] (16.00% + 2.00%)*2]
(PRELIMINARY AND SUBJECT TO REVISION)
<PAGE>
STEPUP TRIGGER EVENT:
With respect to Group II Certificates, if the delinquency or loss
performance of the related Mortgage Loans equals or exceeds
certain triggers, a "Stepup Trigger Event" will occur with respect
to Group II Certificates. Upon such occurrence, the amount of net
excess cashflow required to be applied as the "extra principal
distribution amount" with respect to Group II Certificates will
increase, causing a more rapid amortization of the Group II
Certificates.
Prospectus: The Certificates are being offered pursuant to a Prospectus which
includes a Prospectus Supplement (together, the "Prospectus").
Complete information with respect to the Certificates and the
Mortgage Loan is contained in the Prospectus. The foregoing is
qualified in its entirety by the information appearing in the
Prospectus. To the extent that the foregoing is inconsistent with
the Prospectus, the Prospectus shall govern in all respects. Sales
of the Certificates may not be consummated unless the purchaser
has received the Prospectus.
<PAGE>
ASSET BACKED SECURITIES PORTFOLIO ANALYSIS
CHASE FUNDING, SERIES 1999-1 - FIXED RATE MORTGAGE LOANS
SUMMARY REPORT
AGGREGATE OUTSTANDING PRINCIPAL BALANCE $91,098,579.22
AGGREGATE ORIGINAL PRINCIPAL BALANCE $91,294,671.65
NUMBER OF MORTGAGE LOANS 1,165
<TABLE>
<CAPTION>
MINIMUM MAXIMUM
<S> <C> <C> <C>
WEIGHTED AVERAGE
ORIGINAL PRINCIPAL BALANCE $11,250.00 $512,000.00 $78,364.53 (2)
OUTSTANDING PRINCIPAL BALANCE $11,069.43 $511,763.64 $78,196.21 (2)
STATED REMAINING TERM (MOS) 112 360 263.26 (1)
LTV 16.00 95.00 71.11 (1)
INTEREST RATE 6.450% 14.500% 10.032% (1)
</TABLE>
NOTES:
(1) -- WEIGHTED BY AGGREGATE OUTSTANDING PRINCIPAL BALANCE.
(2) -- SUM OF OUTSTANDING PRINCIPAL BALANCE DIVIDED BY TOTAL NUMBER OF LOANS.
<PAGE>
MORTGAGE RATES(1)
CHASE FUNDING, SERIES 1999-1 - FIXED RATE MORTGAGE LOANS
NUMBER OF AGGREGATE PRINCIPAL PERCENT OF
MORTGAGE RATES MORTGAGE LOANS BALANCE OUTSTANDING LOAN GROUP
6.00% to 6.49% 1 35,000.00 0.04%
6.50% to 6.99% 1 149,772.11 0.16%
7.00% to 7.49% 6 643,883.29 0.71%
7.50% to 7.99% 38 3,571,178.76 3.92%
8.00% to 8.49% 52 3,930,905.79 4.32%
8.50% to 8.99% 148 12,039,989.92 13.22%
9.00% to 9.49% 105 8,341,299.33 9.16%
9.50% to 9.99% 231 18,347,634.37 20.14%
10.00% to 10.49% 125 9,831,215.29 10.79%
10.50% to 10.99% 179 15,000,545.92 16.47%
11.00% to 11.49% 117 8,550,139.69 9.39%
11.50% to 11.99% 69 4,363,465.29 4.79%
12.00% to 12.49% 42 3,156,904.52 3.47%
12.50% to 12.99% 26 2,002,606.65 2.20%
13.00% to 13.49% 8 319,007.40 0.35%
13.50% to 13.99% 12 591,656.55 0.65%
14.00% to 14.49% 2 87,335.54 0.10%
14.50% to 14.99% 3 136,038.80 0.15%
GRAND TOTAL 1,165 $91,098,579.22 100.00%
MORTGAGE RATE RANGE IS FROM: 6.450% TO 14.500%
WEIGHTED AVERAGE IS: 10.032%
(1) The percentages may not add up to 100% due to rounding.
<PAGE>
REMAINING MONTHS TO STATED MATURITY(1)
CHASE FUNDING, SERIES 1999-1 - FIXED RATE MORTGAGE LOANS
NUMBER OF AGGREGATE PRINCIPAL PERCENT OF
REMAINING TERM MORTGAGE LOANS BALANCE OUTSTANDING LOAN GROUP
109 to 120 8 324,400.95 0.36%
145 to 156 1 33,250.88 0.04%
157 to 168 5 355,503.82 0.39%
169 to 180 560 42,344,155.62 46.48%
229 to 240 101 6,716,266.61 7.37%
289 to 300 3 159,401.69 0.17%
337 to 348 2 292,092.25 0.32%
349 to 360 485 40,873,507.40 44.87%
GRAND TOTAL 1,165 $91,098,579.22 100.00%
REMAINING TERM RANGE IS FROM: 112 TO 360
WEIGHTED AVERAGE IS: 263.263
(1) The percentages may not add up to 100% due to rounding.
<PAGE>
MORTGAGE LOAN AGE SUMMARY(1)
CHASE FUNDING, SERIES 1999-1 - FIXED RATE MORTGAGE LOANS
NUMBER OF AGGREGATE PRINCIPAL PERCENT OF
MORTGAGE LOAN AGE (MONTHS) MORTGAGE LOANS BALANCE OUTSTANDING LOAN GROUP
0 79 6,663,501.00 7.31%
1-12 1,081 83,871,080.22 92.07%
13-24 5 563,998.00 0.62%
GRAND TOTAL 1,165 $91,098,579.22 100.00%
LOAN AGE RANGE IS FROM: 0 TO 17
WEIGHTED AVERAGE IS: 2.486
YEAR OF ORIGINATION(1)
CHASE FUNDING, SERIES 1999-1 - FIXED RATE MORTGAGE LOANS
NUMBER OF AGGREGATE PRINCIPAL PERCENT OF
YEAR OF ORIGINATION MORTGAGE LOANS BALANCE OUTSTANDING LOAN GROUP
1997 1 85,000.17 0.09%
1998 727 55,435,160.07 60.85%
1999 437 35,578,418.98 39.05%
GRAND TOTAL 1,165 $91,098,579.22 100.00%
(1) The percentages may not add up to 100% due to rounding.
<PAGE>
<TABLE>
<CAPTION>
LOAN-TO-VALUE RATIOS1
CHASE FUNDING, SERIES 1999-1 - FIXED RATE MORTGAGE LOANS
NUMBER OF AGGREGATE PRINCIPAL PERCENT OF
RANGE OF LOAN-TO-VALUE RATIOS MORTGAGE LOANS BALANCE OUTSTANDING LOAN GROUP
<S> <C> <C> <C>
50.00% or Less 125 8,568,729.21 9.41%
50.01% to 55.00% 50 4,045,197.57 4.44%
55.01% to 60.00% 83 5,700,528.16 6.26%
60.01% to 65.00% 91 6,801,190.50 7.47%
65.01% to 70.00% 137 10,991,335.01 12.07%
70.01% to 75.00% 182 14,516,530.64 15.93%
75.01% to 80.00% 304 25,065,356.55 27.51%
80.01% to 85.00% 114 9,012,835.30 9.89%
85.01% to 90.00% 73 5,877,990.54 6.45%
90.01% to 95.00% 6 518,885.74 0.57%
GRAND TOTAL 1,165 $91,098,579.22 100.00%
</TABLE>
LOAN-TO-VALUE RANGE IS FROM: 16.000% TO 95.000%
WEIGHTED AVERAGE IS: 71.112%
<PAGE>
<TABLE>
<CAPTION>
ORIGINAL MORTGAGE LOAN PRINCIPAL BALANCES(1)
CHASE FUNDING, SERIES 1999-1 - FIXED RATE MORTGAGE LOANS
RANGE OF ORIGINAL MORTGAGE NUMBER OF AGGREGATE PRINCIPAL PERCENT OF
LOAN PRINCIPAL BALANCES MORTGAGE LOANS BALANCE OUTSTANDING LOAN GROUP
<S> <C> <C> <C>
Up to $100,000 917 52,437,144.39 57.56%
$ 100,001 to $ 150,000 165 20,020,605.46 21.98%
$ 150,001 to $ 200,000 45 7,842,726.29 8.61%
$ 200,001 to $ 250,000 20 4,581,155.54 5.03%
$ 250,001 to $ 300,000 8 2,129,916.39 2.34%
$ 300,001 to $ 350,000 3 989,710.16 1.09%
$ 350,001 to $ 400,000 3 1,165,202.77 1.28%
$ 400,001 to $ 450,000 1 422,225.66 0.46%
$ 450,001 to $ 500,000 2 998,128.92 1.10%
$ 500,001 to $ 550,000 1 511,763.64 0.56%
GRAND TOTAL 1,165 $91,098,579.22 100.00%
</TABLE>
ORIGINAL MORTGAGE LOAN PRINCIPAL BALANCE RANGE IS FROM: $11,250.00
TO $512,000.00
AVERAGE IS: $78,364.53
(1) The percentages may not add up to 100% due to rounding.
<TABLE>
<CAPTION>
TYPE OF MORTGAGED PROPERTIES(1)
CHASE FUNDING, SERIES 1999-1 - FIXED RATE MORTGAGE LOANS
NUMBER OF AGGREGATE PRINCIPAL PERCENT OF
PROPERTY TYPE MORTGAGE LOANS BALANCE OUTSTANDING LOAN GROUP
<S> <C> <C> <C>
Attached Planned Unit Development 20 1,265,867.73 1.39%
Detached Planned Unit Development 22 2,525,077.08 2.77%
Condominium 35 2,233,428.13 2.45%
Manufactured Housing 67 3,965,158.34 4.35%
Single-family Residence 917 71,796,371.41 78.81%
Small Mixed Use 10 1,066,419.08 1.17%
Two- to Four-family Dwelling Unit 94 8,246,257.45 9.05%
GRAND TOTAL 1,165 $91,098,579.22 100.00%1
(1) The percentages may not add up to 100% due to rounding.
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
STATE DISTRIBUTIONS(1)
CHASE FUNDING, SERIES 1999-1 - FIXED RATE MORTGAGE LOANS
NUMBER OF AGGREGATE PRINCIPAL PERCENT OF
STATES MORTGAGE LOANS BALANCE OUTSTANDING LOAN GROUP
<S> <C> <C> <C>
Arizona 16 1,118,068.14 1.23%
Arkansas 5 293,458.83 0.32%
California 30 4,054,878.01 4.45%
Colorado 37 3,668,239.20 4.03%
Connecticut 20 1,960,241.44 2.15%
Florida 154 11,808,398.70 12.96%
Georgia 46 3,462,544.49 3.80%
Idaho 5 356,287.97 0.39%
Illinois 30 2,080,141.54 2.28%
Indiana 52 3,682,557.96 4.04%
Iowa 5 231,317.99 0.25%
Kansas 2 218,678.38 0.24%
Kentucky 12 870,914.18 0.96%
Louisiana 25 1,559,927.04 1.71%
Maine 4 205,820.59 0.23%
Maryland 15 1,250,390.57 1.37%
Massachusetts 28 3,140,992.68 3.45%
Michigan 66 4,380,945.23 4.81%
Minnesota 15 1,154,918.03 1.27%
Mississippi 8 518,027.30 0.57%
Missouri 18 841,833.69 0.92%
Montana 3 224,052.27 0.25%
Nebraska 3 144,211.61 0.16%
Nevada 3 211,668.33 0.23%
New Hampshire 5 440,152.47 0.48%
New Jersey 24 2,687,821.09 2.95%
New Mexico 33 2,226,720.59 2.44%
New York 102 10,356,723.52 11.37%
North Carolina 41 2,940,994.88 3.23%
Ohio 77 4,536,353.52 4.98%
Oklahoma 10 578,692.19 0.64%
Oregon 23 2,022,696.35 2.22%
Pennsylvania 43 2,086,647.19 2.29%
Rhode Island 8 833,096.67 0.91%
South Carolina 18 1,135,240.39 1.25%
South Dakota 6 400,672.92 0.44%
Tennessee 74 5,282,016.39 5.80%
(1) The percentages may not add up to 100% due to rounding.
</TABLE>
<PAGE>
<TABLE>
NUMBER OF AGGREGATE PRINCIPAL PERCENT OF
STATES MORTGAGE LOANS BALANCE OUTSTANDING LOAN GROUP
<S> <C> <C> <C>
Texas 24 1,528,717.15 1.68%
Utah 6 542,226.53 0.60%
Vermont 4 365,273.46 0.40%
Virginia 14 1,153,189.44 1.27%
Washington 24 3,039,380.54 3.34%
Washington DC 7 453,677.81 0.50%
West Virginia 7 426,622.36 0.47%
Wisconsin 12 560,918.84 0.62%
Wyoming 1 62,230.75 0.07%
GRAND TOTAL 1,165 $91,098,579.22 100.00%
</TABLE>
<TABLE>
<CAPTION>
OCCUPANCY TYPES(1)
CHASE FUNDING, SERIES 1999-1 - FIXED RATE MORTGAGE LOANS
NUMBER OF AGGREGATE PRINCIPAL PERCENT OF
OCCUPANCY MORTGAGE LOANS BALANCE OUTSTANDING LOAN GROUP
<S> <C> <C> <C>
Owner-occupied 1,023 81,840,909.34 89.84%
Second Home 10 680,173.31 0.75%
Investment 132 8,577,496.57 9.42%
GRAND TOTAL 1,165 $91,098,579.22 100.00%
</TABLE>
<TABLE>
<CAPTION>
DOCUMENTATION SUMMARY(1)
CHASE FUNDING, SERIES 1999-1 - FIXED RATE MORTGAGE LOANS
NUMBER OF AGGREGATE PRINCIPAL PERCENT OF
DOCUMENTATION MORTGAGE LOANS BALANCE OUTSTANDING LOAN GROUP
<S> <C> <C> <C>
Full Documentation 871 62,993,184.38 69.15%
24 Month Bank Statement 103 10,971,705.21 12.04%
Reduced Documentation 36 3,450,310.54 3.79%
Stated Income 155 13,683,379.09 15.02%
GRAND TOTAL 1,165 $91,098,579.22 100.00%
(1) The percentages may not add up to 100% due to rounding.
</TABLE>
<TABLE>
<CAPTION>
LOAN PURPOSE(1)
CHASE FUNDING, SERIES 1999-1 - FIXED RATE MORTGAGE LOANS
NUMBER OF AGGREGATE PRINCIPAL PERCENT OF
LOAN PURPOSE MORTGAGE LOANS BALANCE OUTSTANDING LOAN GROUP
<S> <C> <C> <C>
Purchase 249 19,911,750.52 21.86%
Refinance - Rate/Term 138 10,899,097.38 11.96%
Refinance - Cashout 778 60,287,731.32 66.18%
GRAND TOTAL 1,165 $91,098,579.22 100.00%
</TABLE>
<TABLE>
<CAPTION>
LOAN TYPE SUMMARY(1)
CHASE FUNDING, SERIES 1999-1 - FIXED RATE MORTGAGE LOANS
NUMBER OF AGGREGATE PRINCIPAL PERCENT OF
LOAN TYPE MORTGAGE LOANS BALANCE OUTSTANDING LOAN GROUP
<S> <C> <C> <C>
10 Yr Fixed 8 324,400.95 0.36%
13 Yr Fixed 1 33,250.88 0.04%
15 Yr Fixed 207 11,587,730.82 12.72%
15/20 Balloon 1 41,692.82 0.05%
15/30 Balloon 357 31,070,235.80 34.11%
20 Yr Fixed 101 6,716,266.61 7.37%
25 Yr Fixed 3 159,401.69 0.17%
30 Yr Fixed 487 41,165,599.65 45.19%
GRAND TOTAL 1,165 $91,098,579.22 100.00%
</TABLE>
(1) The percentages may not add up to 100% due to rounding.
<PAGE>
<TABLE>
<CAPTION>
CREDIT GRADE SUMMARY(1)
CHASE FUNDING, SERIES 1999-1 - FIXED RATE MORTGAGE LOANS
NUMBER OF AGGREGATE PRINCIPAL PERCENT OF
CREDIT GRADE MORTGAGE LOANS BALANCE OUTSTANDING LOAN GROUP
<S> <C> <C> <C>
AO 378 31,743,700.80 34.85%
A- 434 32,616,609.68 35.80%
B 148 12,118,595.16 13.30%
B- 76 5,816,165.20 6.38%
C 84 6,150,087.92 6.75%
C- 32 1,840,697.18 2.02%
D 13 812,723.28 0.89%
GRAND TOTAL 1,165 $91,098,579.22 100.00%
</TABLE>
<TABLE>
<CAPTION>
PREPAYMENT PENALTIES SUMMARY(1)
CHASE FUNDING, SERIES 1999-1 - FIXED RATE MORTGAGE LOANS
NUMBER OF AGGREGATE PRINCIPAL PERCENT OF
PREPAYMENT PENALTIES (MONTHS) MORTGAGE LOANS BALANCE OUTSTANDING LOAN GROUP
<S> <C> <C> <C>
0 337 24,404,790.99 26.79%
12 102 10,158,045.25 11.15%
24 31 2,728,724.58 3.00%
36 424 31,622,226.19 34.71%
60 271 22,184,792.21 24.35%
GRAND TOTAL 1,165 $91,098,579.22 100.00%
</TABLE>
(1) The percentages may not add up to 100% due to rounding.
<PAGE>
ASSET BACKED SECURITIES PORTFOLIO ANALYSIS
CHASE FUNDING, SERIES 1999-1 - ADJUSTABLE RATE MORTGAGE LOANS
SUMMARY REPORT
AGGREGATE OUTSTANDING PRINCIPAL BALANCE $177,111,656.72
AGGREGATE ORIGINAL PRINCIPAL BALANCE $177,288,314.00
NUMBER OF MORTGAGE LOANS 1,468
MINIMUM MAXIMUM WEIGHTED AVERAGE
------- ------- ----------------
ORIGINAL PRINCIPAL BALANCE $12,000.00 $800,000.00 $120,768.61 (2)
OUTSTANDING PRINCIPAL BALANCE $11,994.28 $799,250.49 $120,648.27 (2)
STATED REMAINING TERM (MOS) 340 360 358.10 (1)
LTV 17.10 95.00 76.38 (1)
INTEREST RATE 6.400% 14.250% 9.743% (1)
INITIAL INTEREST RATE CAP 1.000% 3.000% 2.759% (1)
PERIODIC RATE CAP 1.000% 3.000% 1.403% (1)
GROSS MARGIN 2.000% 10.000% 5.734% (1)
MAXIMUM MORTGAGE RATE 12.700% 20.250% 16.632% (1)
MINIMUM MORTGAGE RATE 6.400% 14.250% 9.737% (1)
NOTES:
(1) -- WEIGHTED BY AGGREGATE OUTSTANDING PRINCIPAL BALANCE.
(2) -- SUM OF OUTSTANDING PRINCIPAL BALANCE DIVIDED BY TOTAL NUMBER OF LOANS.
<PAGE>
<TABLE>
<CAPTION>
CURRENT MORTGAGE RATES(1)
CHASE FUNDING, SERIES 1999-1 - ADJUSTABLE RATE MORTGAGE LOANS
NUMBER OF AGGREGATE PRINCIPAL PERCENT OF
MORTGAGE RATES MORTGAGE LOANS BALANCE OUTSTANDING LOAN GROUP
<S> <C> <C> <C>
6.00% to 6.49% 1 360,917.02 0.20%
6.50% to 6.99% 2 169,353.09 0.10%
7.00% to 7.49% 7 764,681.26 0.43%
7.50% to 7.99% 43 5,073,899.67 2.86%
8.00% to 8.49% 94 12,847,115.44 7.25%
8.50% to 8.99% 180 25,001,249.10 14.12%
9.00% to 9.49% 207 27,253,097.05 15.39%
9.50% to 9.99% 281 33,247,252.66 18.77%
10.00% to 10.49% 230 28,280,396.58 15.97%
10.50% to 10.99% 225 24,224,013.71 13.68%
11.00% to 11.49% 97 9,678,918.47 5.46%
11.50% to 11.99% 51 5,335,772.03 3.01%
12.00% to 12.49% 28 2,980,082.57 1.68%
12.50% to 12.99% 13 1,160,386.86 0.66%
13.00% to 13.49% 8 666,713.96 0.38%
14.00% to 14.49% 1 67,807.25 0.04%
GRAND TOTAL 1,468 $177,111,656.72 100.00%
</TABLE>
MORTGAGE RATE RANGE IS FROM: 6.400% TO 14.250%
WEIGHTED AVERAGE IS: 9.743%
<TABLE>
<CAPTION>
REMAINING MONTHS TO STATED MATURITY(1)
CHASE FUNDING, SERIES 1999-1 - ADJUSTABLE RATE MORTGAGE LOANS
NUMBER OF AGGREGATE PRINCIPAL PERCENT OF
REMAINING TERM MORTGAGE LOANS BALANCE OUTSTANDING LOAN GROUP
<S> <C> <C> <C>
337 to 348 5 671,008.14 0.38%
349 to 360 1,463 176,440,648.58 99.62%
GRAND TOTAL 1,468 $177,111,656.72 100.00%
</TABLE>
REMAINING TERM RANGE IS FROM: 340 TO 360
WEIGHTED AVERAGE IS: 358.101
(1) The percentages may not add up to 100% due to rounding.
<PAGE>
<TABLE>
<CAPTION>
MORTGAGE LOAN AGE SUMMARY(1)
CHASE FUNDING, SERIES 1999-1 - ADJUSTABLE RATE MORTGAGE LOANS
NUMBER OF AGGREGATE PRINCIPAL PERCENT OF
MORTGAGE LOAN AGE (MONTHS) MORTGAGE LOANS BALANCE OUTSTANDING LOAN GROUP
<S> <C> <C> <C>
0 170 21,322,823.00 12.04%
1-12 1,294 155,185,632.83 87.62%
13-24 4 603,200.89 0.34%
GRAND TOTAL 1,468 $177,111,656.72 100.00%
</TABLE>
LOAN AGE RANGE IS FROM: 0 TO 20
WEIGHTED AVERAGE IS: 1.899
<TABLE>
<CAPTION>
YEAR OF ORIGINATION(1)
CHASE FUNDING, SERIES 1999-1 - ADJUSTABLE RATE MORTGAGE LOANS
NUMBER OF AGGREGATE PRINCIPAL PERCENT OF
YEAR OF ORIGINATION MORTGAGE LOANS BALANCE OUTSTANDING LOAN GROUP
<S> <C> <C> <C>
1997 4 603,200.89 0.34%
1998 728 90,828,579.72 51.28%
1999 736 85,679,876.11 48.38%
GRAND TOTAL 1,468 $177,111,656.72 100.00%
</TABLE>
(1) The percentages may not add up to 100% due to rounding.
<PAGE>
<TABLE>
<CAPTION>
LOAN-TO-VALUE RATIOS(1)
CHASE FUNDING, SERIES 1999-1 - ADJUSTABLE RATE MORTGAGE LOANS
NUMBER OF AGGREGATE PRINCIPAL PERCENT OF
RANGE OF LOAN-TO-VALUE RATIOS MORTGAGE LOANS BALANCE OUTSTANDING LOAN GROUP
<S> <C> <C> <C>
50.00% or Less 59 4,839,341.77 2.73%
50.01% to 55.00% 34 3,289,446.34 1.86%
55.01% to 60.00% 66 8,230,091.54 4.65%
60.01% to 65.00% 94 10,123,003.98 5.72%
65.01% to 70.00% 155 18,543,674.89 10.47%
70.01% to 75.00% 214 24,357,134.00 13.75%
75.01% to 80.00% 452 56,370,456.48 31.83%
80.01% to 85.00% 231 30,449,482.04 17.19%
85.01% to 90.00% 151 19,509,322.29 11.02%
90.01% to 95.00% 12 1,399,703.39 0.79%
GRAND TOTAL 1,468 $177,111,656.72 100.00%
</TABLE>
LOAN-TO-VALUE RANGE IS FROM: 17.097% TO 95.000%
WEIGHTED AVERAGE IS: 76.382%
(1) The percentages may not add up to 100% due to rounding.
<PAGE>
<TABLE>
<CAPTION>
MAXIMUM MORTGAGE RATES(1)
CHASE FUNDING, SERIES 1999-1 - ADJUSTABLE RATE MORTGAGE LOANS
NUMBER OF AGGREGATE PRINCIPAL PERCENT OF
RANGE OF MAXIMUM MORTGAGE MORTGAGE LOANS BALANCE OUTSTANDING LOAN GROUP
<S> <C> <C> <C>
12.50% to 12.99% 2 169,353.09 0.10%
13.00% to 13.49% 2 440,803.39 0.25%
13.50% to 13.99% 9 1,199,486.47 0.68%
14.00% to 14.49% 18 2,395,143.98 1.35%
14.50% to 14.99% 63 7,716,137.38 4.36%
15.00% to 15.49% 104 14,769,653.46 8.34%
15.50% to 15.99% 184 24,954,152.12 14.09%
16.00% to 16.49% 201 25,936,274.11 14.64%
16.50% to 16.99% 259 30,998,624.67 17.50%
17.00% to 17.49% 216 26,156,299.19 14.77%
17.50% to 17.99% 223 23,582,351.51 13.31%
18.00% to 18.49% 94 9,407,789.36 5.31%
18.50% to 18.99% 44 4,754,964.33 2.68%
19.00% to 19.49% 30 2,936,047.99 1.66%
19.50% to 19.99% 13 1,160,386.86 0.66%
20.00% to 20.49% 6 534,188.81 0.30%
GRAND TOTAL 1,468 $177,111,656.72 100.00%
</TABLE>
MAXIMUM MORTGAGE RATE RANGE IS 12.700% TO 20.250%
WEIGHTED AVERAGE IS: 16.632%
As of the Cut Off Date, the Gross Margin Range is from 2.000% to 10.000% for
the Adjustable Rate Mortgage Loans.
(1) The percentages may not add up to 100% due to rounding.
<PAGE>
<TABLE>
<CAPTION>
NEXT ADJUSTMENT DATE(1)
CHASE FUNDING, SERIES 1999-1 - ADJUSTABLE RATE MORTGAGE LOANS
NUMBER OF AGGREGATE PRINCIPAL PERCENT OF
NEXT ADJUSTMENT DATE MORTGAGE LOANS BALANCE OUTSTANDING LOAN GROUP
<S> <C> <C> <C>
Apr 1999 2 228,993.94 0.13%
May 1999 3 565,962.91 0.32%
Jul 1999 37 5,778,578.45 3.26%
Aug 1999 37 4,884,429.75 2.76%
Sep 1999 14 2,920,578.30 1.65%
Nov 1999 1 53,432.03 0.03%
Jan 2000 44 5,397,293.58 3.05%
Feb 2000 55 5,988,661.38 3.38%
Mar 2000 19 2,700,734.00 1.52%
Apr 2000 4 632,229.80 0.36%
May 2000 2 266,095.76 0.15%
Jun 2000 4 793,755.37 0.45%
Jul 2000 7 1,092,264.39 0.62%
Aug 2000 21 2,530,400.05 1.43%
Sep 2000 44 5,081,645.54 2.87%
Oct 2000 13 1,071,707.76 0.61%
Nov 2000 14 1,466,110.41 0.83%
Dec 2000 12 1,249,567.68 0.71%
Jan 2001 346 44,109,488.79 24.90%
Feb 2001 305 35,718,085.50 20.17%
Mar 2001 92 11,292,409.00 6.38%
Apr 2001 1 70,346.67 0.04%
Jun 2001 1 41,827.03 0.02%
Jul 2001 3 339,237.77 0.19%
Aug 2001 1 65,821.31 0.04%
Oct 2001 1 29,907.85 0.02%
Nov 2001 1 143,800.59 0.08%
Dec 2001 1 36,692.35 0.02%
Jan 2002 158 18,252,415.02 10.31%
Feb 2002 153 15,693,043.48 8.86%
Mar 2002 50 5,466,110.00 3.09%
Jun 2003 1 345,998.00 0.20%
Jan 2004 10 1,609,685.47 0.91%
Feb 2004 8 960,896.79 0.54%
Mar 2004 3 233,450.00 0.13%
GRAND TOTAL 1,468 $177,111,656.72 100.00%
(1) The percentages may not add up to 100% due to rounding.
</TABLE>
<TABLE>
<CAPTION>
ORIGINAL MORTGAGE LOAN PRINCIPAL BALANCES(1)
CHASE FUNDING, SERIES 1999-1 - ADJUSTABLE RATE MORTGAGE LOANS
RANGE OF ORIGINAL MORTGAGE NUMBER OF AGGREGATE PRINCIPAL PERCENT OF
LOAN PRINCIPAL BALANCES MORTGAGE LOANS BALANCE OUTSTANDING LOAN GROUP
<S> <C> <C> <C>
Up to $100,000 752 50,068,260.67 28.27%
$ 100,001 to $ 150,000 372 45,543,946.71 25.71%
$ 150,001 to $ 200,000 159 27,525,643.67 15.54%
$ 200,001 to $ 250,000 90 20,356,311.69 11.49%
$ 250,001 to $ 300,000 40 10,974,251.66 6.20%
$ 300,001 to $ 350,000 13 4,172,111.23 2.36%
$ 350,001 to $ 400,000 22 8,246,248.42 4.66%
$ 400,001 to $ 450,000 4 1,700,234.47 0.96%
$ 450,001 to $ 500,000 11 5,353,385.20 3.02%
$ 500,001 to $ 550,000 1 514,500.00 0.29%
$ 550,001 to $ 600,000 1 559,435.15 0.32%
$ 600,001 to $ 650,000 1 636,902.74 0.36%
$ 650,001 to $ 700,000 1 661,174.62 0.37%
$ 750,001 to $ 800,000 1 799,250.49 0.45%
GRAND TOTAL 1,468 $177,111,656.72 100.00%
</TABLE>
ORIGINAL MORTGAGE LOAN PRINCIPAL BALANCE RANGE IS FROM: $12,000.00
TO $800,000.00
AVERAGE IS: $120,768.61
<TABLE>
<CAPTION>
TYPE OF MORTGAGED PROPERTIES(1)
CHASE FUNDING, SERIES 1999-1 - ADJUSTABLE RATE MORTGAGE LOANS
NUMBER OF AGGREGATE PRINCIPAL PERCENT OF
PROPERTY TYPE MORTGAGE LOANS BALANCE OUTSTANDING LOAN GROUP
<S> <C> <C> <C>
Attached Planned Unit Development 25 3,327,600.46 1.88%
Detached Planned Unit Development 80 15,841,048.66 8.94%
Condominium 38 3,803,552.36 2.15%
Manufactured Housing 13 829,449.76 0.47%
Single-family Residence 1,188 139,872,789.30 78.97%
Small Mixed Use 1 182,000.00 0.10%
Two- to Four-family Dwelling Unit 123 13,255,216.18 7.48%
GRAND TOTAL 1,468 $177,111,656.72 100.00%1
(1) The percentages may not add up to 100% due to rounding.
</TABLE>
<TABLE>
<CAPTION>
STATE DISTRIBUTIONS(1)
CHASE FUNDING, SERIES 1999-1 - ADJUSTABLE RATE MORTGAGE LOANS
NUMBER OF AGGREGATE PRINCIPAL PERCENT OF
STATES MORTGAGE LOANS BALANCE OUTSTANDING LOAN GROUP
<S> <C> <C> <C>
Arizona 30 4,353,893.70 2.46%
Arkansas 3 206,621.51 0.12%
California 77 15,615,961.15 8.82%
Colorado 88 12,010,043.18 6.78%
Connecticut 46 6,202,890.30 3.50%
Delaware 6 585,151.83 0.33%
Florida 139 16,447,610.03 9.29%
Georgia 51 6,505,494.77 3.67%
Idaho 10 689,256.52 0.39%
Illinois 50 5,563,975.70 3.14%
Indiana 26 2,016,411.40 1.14%
Kansas 1 93,140.57 0.05%
Kentucky 18 1,512,028.09 0.85%
Louisiana 12 1,428,930.75 0.81%
Maryland 18 2,547,979.93 1.44%
Massachusetts 56 7,545,004.25 4.26%
Michigan 142 13,306,074.46 7.51%
Minnesota 41 4,045,567.15 2.28%
Mississippi 9 1,104,664.63 0.62%
Missouri 32 2,937,803.26 1.66%
Montana 2 170,486.71 0.10%
Nebraska 1 47,760.59 0.03%
Nevada 5 785,754.26 0.44%
New Hampshire 19 1,929,038.65 1.09%
New Jersey 85 11,801,241.27 6.66%
New Mexico 12 837,812.13 0.47%
New York 68 10,278,858.55 5.80%
North Carolina 27 3,109,355.53 1.76%
Ohio 73 6,078,281.04 3.43%
Oklahoma 8 1,121,913.27 0.63%
Oregon 25 2,606,403.71 1.47%
Pennsylvania 25 2,410,895.80 1.36%
Rhode Island 11 1,202,568.35 0.68%
South Carolina 11 747,715.63 0.42%
Tennessee 36 3,417,922.91 1.93%
Texas 43 6,084,526.37 3.44%
Utah 62 8,990,978.12 5.08%
(1) The percentages may not add up to 100% due to rounding.
</TABLE>
<PAGE>
<TABLE>
NUMBER OF AGGREGATE PRINCIPAL PERCENT OF
STATES MORTGAGE LOANS BALANCE OUTSTANDING LOAN GROUP
<S> <C> <C> <C>
Vermont 10 981,853.70 0.55%
Virginia 11 1,739,163.51 0.98%
Washington 29 3,596,437.54 2.03%
Washington DC 6 736,871.36 0.42%
West Virginia 2 226,513.44 0.13%
Wisconsin 41 3,241,084.15 1.83%
Wyoming 1 249,716.95 0.14%
GRAND TOTAL 1,468 $177,111,656.72 100.00%
</TABLE>
<TABLE>
<CAPTION>
OCCUPANCY TYPES(1)
CHASE FUNDING, SERIES 1999-1 - ADJUSTABLE RATE MORTGAGE LOANS
NUMBER OF AGGREGATE PRINCIPAL PERCENT OF
OCCUPANCY MORTGAGE LOANS BALANCE OUTSTANDING LOAN GROUP
<S> <C> <C> <C>
Owner-occupied 1,291 161,477,429.84 91.17%
Second Home 16 1,553,356.20 0.88%
Investment 161 14,080,870.68 7.95%
GRAND TOTAL 1,468 $177,111,656.72 100.00%
</TABLE>
<TABLE>
<CAPTION>
DOCUMENTATION SUMMARY(1)
CHASE FUNDING, SERIES 1999-1 - ADJUSTABLE RATE MORTGAGE LOANS
NUMBER OF AGGREGATE PRINCIPAL PERCENT OF
DOCUMENTATION MORTGAGE LOANS BALANCE OUTSTANDING LOAN GROUP
<S> <C> <C> <C>
Full Documentation 1,071 118,541,808.12 66.93%
24 Month Bank Statement 150 25,399,386.81 14.34%
Reduced Documentation 78 13,208,587.25 7.46%
Stated Income 169 19,961,874.54 11.27%
GRAND TOTAL 1,468 $177,111,656.72 100.00%
(1) The percentages may not add up to 100% due to rounding.
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
LOAN PURPOSE(1)
CHASE FUNDING, SERIES 1999-1 - ADJUSTABLE RATE MORTGAGE LOANS
NUMBER OF AGGREGATE PRINCIPAL PERCENT OF
LOAN PURPOSE MORTGAGE LOANS BALANCE OUTSTANDING LOAN GROUP
<S> <C> <C> <C>
Purchase 565 68,954,870.91 38.93%
Refinance - Rate/Term 132 17,410,754.05 9.83%
Refinance - Cashout 771 90,746,031.76 51.24%
GRAND TOTAL 1,468 $177,111,656.72 100.00%
</TABLE>
<TABLE>
<CAPTION>
LOAN TYPE SUMMARY(1)
CHASE FUNDING, SERIES 1999-1 - ADJUSTABLE RATE MORTGAGE LOANS
NUMBER OF AGGREGATE PRINCIPAL PERCENT OF
LOAN TYPE MORTGAGE LOANS BALANCE OUTSTANDING LOAN GROUP
<S> <C> <C> <C>
1/6 Mo LIBOR 124 15,227,429.68 8.60%
2/6 Mo LIBOR 868 105,906,960.94 59.80%
3/6 Mo LIBOR 370 40,139,202.07 22.66%
5/6 Mo LIBOR 22 3,150,030.26 1.78%
6 Mo LIBOR ARM 84 12,688,033.77 7.16%
GRAND TOTAL 1,468 $177,111,656.72 100.00%
</TABLE>
(1) The percentages may not add up to 100% due to rounding.
<PAGE>
<TABLE>
<CAPTION>
CREDIT GRADE SUMMARY(1)
CHASE FUNDING, SERIES 1999-1 - ADJUSTABLE RATE MORTGAGE LOANS
NUMBER OF AGGREGATE PRINCIPAL PERCENT OF
CREDIT GRADE MORTGAGE LOANS BALANCE OUTSTANDING LOAN GROUP
<S> <C> <C> <C>
AO 437 57,247,889.10 32.32%
A- 519 65,630,219.68 37.06%
B 268 30,557,184.28 17.25%
B- 75 8,217,760.53 4.64%
C 111 10,176,111.32 5.75%
C- 38 3,671,266.26 2.07%
D 20 1,611,225.55 0.91%
GRAND TOTAL 1,468 $177,111,656.72 100.00%
</TABLE>
<TABLE>
<CAPTION>
PREPAYMENT PENALTIES SUMMARY(1)
CHASE FUNDING, SERIES 1999-1 - ADJUSTABLE RATE MORTGAGE LOANS
NUMBER OF AGGREGATE PRINCIPAL PERCENT OF
PREPAYMENT PENALTIES (MONTHS) MORTGAGE LOANS BALANCE OUTSTANDING LOAN GROUP
<S> <C> <C> <C>
0 681 83,885,659.55 47.36%
12 27 3,472,811.94 1.96%
24 364 48,378,676.49 27.32%
36 326 33,817,928.30 19.09%
60 70 7,556,580.44 4.27%
GRAND TOTAL 1,468 $177,111,656.72 100.00%
(1) The percentages may not add up to 100% due to rounding.
</TABLE>
<PAGE>
TO 10% CALL
Bond: IA1 Balance: 56,600,000 Coupon: 5.98800
Delay: 24 Class Factor: 1.00 Accruing Since: 3/01/1999
Settlement Date: 3/26/1999 ABS 30 year WAC: 10.03 WAM: 324.46
Pricing Speed: 23 RAMP1
MONTHS HEP HEP HEP HEP HEP HEP HEP
16 19 21 23 25 27 30
99-26 5.916 5.893 5.878 5.864 5.849 5.835 5.814
99-26.50 5.905 5.880 5.865 5.849 5.833 5.818 5.795
99-27 5.894 5.868 5.851 5.834 5.818 5.801 5.777
99-27.50 5.883 5.855 5.837 5.820 5.802 5.784 5.759
99-28 5.872 5.843 5.824 5.805 5.786 5.768 5.740
99-28.50 5.861 5.830 5.810 5.790 5.770 5.751 5.722
99-29 5.850 5.818 5.797 5.775 5.755 5.734 5.704
99-29.50 5.840 5.805 5.783 5.761 5.739 5.717 5.685
99-30 5.829 5.793 5.769 5.746 5.723 5.700 5.667
99-30.50 5.818 5.780 5.756 5.731 5.707 5.684 5.649
99-31 5.807 5.768 5.742 5.717 5.692 5.667 5.630
99-31.50 5.796 5.755 5.729 5.702 5.676 5.650 5.612
100- 0 5.785 5.743 5.715 5.687 5.660 5.633 5.594
100-00.50 5.774 5.730 5.701 5.673 5.645 5.617 5.576
100- 1 5.764 5.718 5.688 5.658 5.629 5.600 5.557
100-01.50 5.753 5.705 5.674 5.644 5.613 5.583 5.539
100- 2 5.742 5.693 5.661 5.629 5.598 5.566 5.521
100-02.50 5.731 5.680 5.647 5.614 5.582 5.550 5.502
100- 3 5.720 5.668 5.634 5.600 5.566 5.533 5.484
100-03.50 5.709 5.655 5.620 5.585 5.550 5.516 5.466
100- 4 5.699 5.643 5.607 5.570 5.535 5.499 5.448
100-04.50 5.688 5.631 5.593 5.556 5.519 5.483 5.429
100- 5 5.677 5.618 5.579 5.541 5.503 5.466 5.411
100-05.50 5.666 5.606 5.566 5.527 5.488 5.449 5.393
AVG LIFE 1.563 1.344 1.231 1.136 1.056 0.987 0.901
DURATION 1.435 1.245 1.146 1.062 0.990 0.928 0.850
FIRST PAY 4/99 4/99 4/99 4/99 4/99 4/99 4/99
LAST PAY 6/02 12/01 9/01 6/01 4/01 2/01 12/00
<PAGE>
TO 10% CALL
Bond: IA2 Balance: 23,800,000 Coupon: 5.98000
Delay: 24 Class Factor: 1.00 Accruing Since: 3/01/1999
Settlement Date: 3/26/1999 ABS 30 year WAC: 10.03 WAM: 324.46
Pricing Speed: 23 RAMP1
MONTHS HEP HEP HEP HEP HEP HEP HEP
16 19 21 23 25 27 30
99-26 6.000 5.990 5.984 5.977 5.970 5.962 5.952
99-26.50 5.996 5.985 5.978 5.971 5.963 5.955 5.944
99-27 5.992 5.980 5.973 5.965 5.957 5.948 5.937
99-27.50 5.988 5.976 5.968 5.959 5.951 5.942 5.929
99-28 5.984 5.971 5.962 5.954 5.944 5.935 5.921
99-28.50 5.979 5.966 5.957 5.948 5.938 5.928 5.914
99-29 5.975 5.961 5.952 5.942 5.932 5.921 5.906
99-29.50 5.971 5.957 5.947 5.936 5.925 5.914 5.899
99-30 5.967 5.952 5.941 5.931 5.919 5.907 5.891
99-30.50 5.963 5.947 5.936 5.925 5.913 5.901 5.883
99-31 5.959 5.942 5.931 5.919 5.907 5.894 5.876
99-31.50 5.955 5.937 5.925 5.913 5.900 5.887 5.868
100- 0 5.951 5.933 5.920 5.907 5.894 5.880 5.861
100-00.50 5.947 5.928 5.915 5.902 5.888 5.873 5.853
100- 1 5.943 5.923 5.910 5.896 5.881 5.866 5.845
100-01.50 5.939 5.918 5.904 5.890 5.875 5.859 5.838
100- 2 5.935 5.913 5.899 5.884 5.869 5.853 5.830
100-02.50 5.931 5.909 5.894 5.879 5.863 5.846 5.823
100- 3 5.927 5.904 5.889 5.873 5.856 5.839 5.815
100-03.50 5.922 5.899 5.883 5.867 5.850 5.832 5.807
100- 4 5.918 5.894 5.878 5.861 5.844 5.825 5.800
100-04.50 5.914 5.890 5.873 5.856 5.837 5.819 5.792
100- 5 5.910 5.885 5.868 5.850 5.831 5.812 5.785
100-05.50 5.906 5.880 5.862 5.844 5.825 5.805 5.777
AVG LIFE 4.497 3.737 3.356 3.036 2.759 2.519 2.249
DURATION 3.825 3.252 2.953 2.698 2.473 2.275 2.048
FIRST PAY 6/02 12/01 9/01 6/01 4/01 2/01 12/00
LAST PAY 6/05 4/04 10/03 4/03 12/02 8/02 1/02
<PAGE>
TO 10% CALL
Bond: IA3 Balance: 12,900,000 Coupon: 6.26000
Delay: 24 Class Factor: 1.00 Accruing Since: 3/01/1999
Settlement Date: 3/26/1999 ABS 30 year WAC: 10.03 WAM: 324.46
Pricing Speed: 23 RAMP1
MONTHS HEP HEP HEP HEP HEP HEP HEP
16 19 21 23 25 27 30
99-26 6.306 6.298 6.293 6.287 6.282 6.277 6.267
99-26.50 6.304 6.296 6.289 6.284 6.278 6.272 6.262
99-27 6.301 6.293 6.286 6.280 6.274 6.268 6.257
99-27.50 6.299 6.290 6.283 6.276 6.270 6.264 6.252
99-28 6.296 6.287 6.279 6.273 6.266 6.259 6.247
99-28.50 6.294 6.284 6.276 6.269 6.262 6.255 6.242
99-29 6.291 6.281 6.272 6.265 6.258 6.250 6.237
99-29.50 6.289 6.278 6.269 6.261 6.254 6.246 6.232
99-30 6.287 6.275 6.266 6.258 6.250 6.241 6.226
99-30.50 6.284 6.272 6.262 6.254 6.246 6.237 6.221
99-31 6.282 6.269 6.259 6.250 6.242 6.233 6.216
99-31.50 6.279 6.266 6.256 6.247 6.237 6.228 6.211
100- 0 6.277 6.263 6.252 6.243 6.233 6.224 6.206
100-00.50 6.274 6.260 6.249 6.239 6.229 6.219 6.201
100- 1 6.272 6.257 6.246 6.235 6.225 6.215 6.196
100-01.50 6.270 6.254 6.242 6.232 6.221 6.211 6.191
100- 2 6.267 6.251 6.239 6.228 6.217 6.206 6.186
100-02.50 6.265 6.248 6.236 6.224 6.213 6.202 6.181
100- 3 6.262 6.245 6.232 6.221 6.209 6.197 6.176
100-03.50 6.260 6.242 6.229 6.217 6.205 6.193 6.171
100- 4 6.257 6.239 6.225 6.213 6.201 6.188 6.166
100-04.50 6.255 6.236 6.222 6.209 6.197 6.184 6.160
100- 5 6.252 6.233 6.219 6.206 6.193 6.180 6.155
100-05.50 6.250 6.230 6.215 6.202 6.189 6.175 6.150
AVG LIFE 8.497 6.633 5.674 5.033 4.527 4.106 3.513
DURATION 6.374 5.254 4.633 4.192 3.829 3.518 3.063
FIRST PAY 6/05 4/04 10/03 4/03 12/02 8/02 1/02
LAST PAY 5/10 6/08 1/07 7/05 10/04 3/04 7/03
<PAGE>
TO 10% CALL
Bond: IA4 Balance: 12,000,000 Coupon: 6.62000
Delay: 24 Class Factor: 1.00 Accruing Since: 3/01/1999
Settlement Date: 3/26/1999 ABS 30 year WAC: 10.03 WAM: 324.46
Pricing Speed: 23 RAMP1
MONTHS HEP HEP HEP HEP HEP HEP HEP
16 19 21 23 25 27 30
99-26 6.680 6.677 6.674 6.670 6.667 6.662 6.656
99-26.50 6.678 6.675 6.672 6.668 6.664 6.659 6.653
99-27 6.676 6.672 6.669 6.665 6.661 6.656 6.649
99-27.50 6.675 6.670 6.667 6.663 6.658 6.653 6.646
99-28 6.673 6.668 6.665 6.660 6.655 6.650 6.642
99-28.50 6.671 6.666 6.662 6.658 6.653 6.647 6.639
99-29 6.669 6.664 6.660 6.655 6.650 6.644 6.635
99-29.50 6.667 6.662 6.658 6.653 6.647 6.641 6.632
99-30 6.665 6.659 6.655 6.650 6.644 6.638 6.628
99-30.50 6.663 6.657 6.653 6.647 6.641 6.635 6.625
99-31 6.661 6.655 6.651 6.645 6.639 6.632 6.622
99-31.50 6.659 6.653 6.648 6.642 6.636 6.629 6.618
100- 0 6.657 6.651 6.646 6.640 6.633 6.626 6.615
100-00.50 6.655 6.649 6.644 6.637 6.630 6.623 6.611
100- 1 6.653 6.646 6.641 6.635 6.627 6.620 6.608
100-01.50 6.651 6.644 6.639 6.632 6.625 6.617 6.604
100- 2 6.649 6.642 6.637 6.630 6.622 6.614 6.601
100-02.50 6.647 6.640 6.634 6.627 6.619 6.611 6.598
100- 3 6.645 6.638 6.632 6.624 6.616 6.608 6.594
100-03.50 6.643 6.636 6.630 6.622 6.614 6.605 6.591
100- 4 6.642 6.633 6.627 6.619 6.611 6.602 6.587
100-04.50 6.640 6.631 6.625 6.617 6.608 6.599 6.584
100- 5 6.638 6.629 6.623 6.614 6.605 6.596 6.580
100-05.50 6.636 6.627 6.620 6.612 6.602 6.593 6.577
AVG LIFE 11.934 10.159 9.182 8.131 7.246 6.510 5.595
DURATION 8.021 7.188 6.685 6.100 5.579 5.125 4.530
FIRST PAY 5/10 6/08 1/07 7/05 10/04 3/04 7/03
LAST PAY 3/11C 6/09C 7/08C 9/07C 1/07C 6/06C 8/05C
<PAGE>
TO 10% CALL
Bond: IA5 Balance: 13,000,000 Coupon: 6.16000
Delay: 24 Class Factor: 1.00 Accruing Since: 3/01/1999
Settlement Date: 3/26/1999 ABS 30 year WAC: 10.03 WAM: 324.46
Pricing Speed: 23 RAMP1
MONTHS HEP HEP HEP HEP HEP HEP HEP
16 19 21 23 25 27 30
99-26 6.200 6.198 6.197 6.196 6.195 6.194 6.191
99-26.50 6.197 6.195 6.194 6.193 6.192 6.191 6.188
99-27 6.194 6.192 6.191 6.190 6.189 6.188 6.185
99-27.50 6.191 6.189 6.188 6.187 6.186 6.184 6.181
99-28 6.188 6.187 6.185 6.184 6.183 6.181 6.178
99-28.50 6.186 6.184 6.182 6.181 6.180 6.178 6.175
99-29 6.183 6.181 6.179 6.178 6.177 6.175 6.171
99-29.50 6.180 6.178 6.176 6.175 6.174 6.172 6.168
99-30 6.177 6.175 6.174 6.172 6.171 6.169 6.164
99-30.50 6.174 6.172 6.171 6.169 6.167 6.165 6.161
99-31 6.172 6.169 6.168 6.166 6.164 6.162 6.158
99-31.50 6.169 6.166 6.165 6.163 6.161 6.159 6.154
100- 0 6.166 6.163 6.162 6.160 6.158 6.156 6.151
100-00.50 6.163 6.160 6.159 6.157 6.155 6.153 6.148
100- 1 6.160 6.158 6.156 6.154 6.152 6.149 6.144
100-01.50 6.158 6.155 6.153 6.151 6.149 6.146 6.141
100- 2 6.155 6.152 6.150 6.148 6.146 6.143 6.138
100-02.50 6.152 6.149 6.147 6.145 6.143 6.140 6.134
100- 3 6.149 6.146 6.144 6.142 6.140 6.137 6.131
100-03.50 6.146 6.143 6.141 6.139 6.137 6.134 6.128
100- 4 6.144 6.140 6.138 6.136 6.134 6.130 6.124
100-04.50 6.141 6.137 6.135 6.133 6.130 6.127 6.121
100- 5 6.138 6.134 6.132 6.130 6.127 6.124 6.117
100-05.50 6.135 6.132 6.129 6.127 6.124 6.121 6.114
AVG LIFE 7.193 6.859 6.667 6.483 6.296 6.071 5.658
DURATION 5.573 5.377 5.262 5.152 5.037 4.896 4.630
FIRST PAY 4/02 4/02 4/02 4/02 5/02 6/02 7/02
LAST PAY 3/11C 6/09C 7/08C 9/07C 1/07C 6/06C 8/05C
<PAGE>
TO 10% CALL
Bond: IM1 Balance: 6,987,000 Coupon: 6.75000
Delay: 24 Class Factor: 1.00 Accruing Since: 3/01/1999
Settlement Date: 3/26/1999 ABS 30 year WAC: 10.03 WAM: 324.46 Pricing
Speed: 23 RAMP1
MONTHS HEP HEP HEP HEP HEP HEP HEP
16 19 21 23 25 27 30
99-26 6.801 6.795 6.791 6.787 6.783 6.780 6.775
99-26.50 6.798 6.792 6.788 6.784 6.780 6.776 6.771
99-27 6.796 6.789 6.785 6.780 6.776 6.772 6.766
99-27.50 6.793 6.786 6.781 6.777 6.772 6.768 6.762
99-28 6.790 6.783 6.778 6.773 6.768 6.764 6.758
99-28.50 6.788 6.780 6.775 6.770 6.765 6.760 6.754
99-29 6.785 6.777 6.772 6.766 6.761 6.756 6.750
99-29.50 6.782 6.774 6.768 6.763 6.757 6.752 6.745
99-30 6.780 6.771 6.765 6.759 6.754 6.749 6.741
99-30.50 6.777 6.768 6.762 6.756 6.750 6.745 6.737
99-31 6.774 6.765 6.759 6.752 6.746 6.741 6.733
99-31.50 6.772 6.762 6.755 6.749 6.743 6.737 6.729
100- 0 6.769 6.759 6.752 6.745 6.739 6.733 6.724
100-00.50 6.766 6.756 6.749 6.742 6.735 6.729 6.720
100- 1 6.764 6.753 6.746 6.738 6.732 6.725 6.716
100-01.50 6.761 6.750 6.743 6.735 6.728 6.721 6.712
100- 2 6.758 6.747 6.739 6.731 6.724 6.717 6.708
100-02.50 6.756 6.744 6.736 6.728 6.720 6.713 6.703
100- 3 6.753 6.741 6.733 6.724 6.717 6.709 6.699
100-03.50 6.750 6.738 6.730 6.721 6.713 6.706 6.695
100- 4 6.748 6.735 6.726 6.718 6.709 6.702 6.691
100-04.50 6.745 6.732 6.723 6.714 6.706 6.698 6.687
100- 5 6.743 6.729 6.720 6.711 6.702 6.694 6.682
100-05.50 6.740 6.726 6.717 6.707 6.698 6.690 6.678
AVG LIFE 8.013 6.816 6.185 5.653 5.232 4.887 4.467
DURATION 5.865 5.189 4.809 4.479 4.209 3.985 3.705
FIRST PAY 2/03 7/02 4/02 4/02 4/02 4/02 5/02
LAST PAY 3/11C 6/09C 7/08C 9/07C 1/07C 6/06C 8/05C
<PAGE>
TO 10% CALL
Bond: IM2 Balance: 2,275,000 Coupon: 7.20000
Delay: 24 Class Factor: 1.00 Accruing Since: 3/01/1999
Settlement Date: 3/26/1999 ABS 30 year WAC: 10.03 WAM: 324.46 Pricing
Speed: 23 RAMP1
MONTHS HEP HEP HEP HEP HEP HEP HEP
16 19 21 23 25 27 30
99-26 7.258 7.252 7.247 7.243 7.238 7.234 7.228
99-26.50 7.255 7.248 7.244 7.239 7.235 7.230 7.224
99-27 7.253 7.245 7.241 7.236 7.231 7.226 7.220
99-27.50 7.250 7.242 7.237 7.232 7.227 7.222 7.216
99-28 7.247 7.239 7.234 7.228 7.223 7.218 7.211
99-28.50 7.244 7.236 7.231 7.225 7.220 7.214 7.207
99-29 7.242 7.233 7.227 7.221 7.216 7.210 7.203
99-29.50 7.239 7.230 7.224 7.218 7.212 7.206 7.198
99-30 7.236 7.227 7.221 7.214 7.208 7.202 7.194
99-30.50 7.234 7.224 7.217 7.211 7.205 7.198 7.190
99-31 7.231 7.221 7.214 7.207 7.201 7.195 7.186
99-31.50 7.228 7.218 7.211 7.204 7.197 7.191 7.181
100- 0 7.226 7.215 7.208 7.200 7.193 7.187 7.177
100-00.50 7.223 7.212 7.204 7.197 7.190 7.183 7.173
100- 1 7.220 7.209 7.201 7.193 7.186 7.179 7.168
100-01.50 7.217 7.206 7.198 7.190 7.182 7.175 7.164
100- 2 7.215 7.203 7.194 7.186 7.178 7.171 7.160
100-02.50 7.212 7.200 7.191 7.183 7.175 7.167 7.156
100- 3 7.209 7.197 7.188 7.179 7.171 7.163 7.151
100-03.50 7.207 7.194 7.185 7.176 7.167 7.159 7.147
100- 4 7.204 7.191 7.181 7.172 7.163 7.155 7.143
100-04.50 7.201 7.188 7.178 7.169 7.160 7.151 7.139
100- 5 7.199 7.184 7.175 7.165 7.156 7.147 7.134
100-05.50 7.196 7.181 7.172 7.162 7.152 7.143 7.130
AVG LIFE 8.013 6.816 6.185 5.653 5.225 4.868 4.432
DURATION 5.753 5.101 4.734 4.413 4.146 3.918 3.635
FIRST PAY 2/03 7/02 4/02 4/02 4/02 4/02 4/02
LAST PAY 3/11C 6/09C 7/08C 9/07C 1/07C 6/06C 8/05C
<PAGE>
TO 10% CALL
Bond: IB Balance: 2,438,000 Coupon: 8.50000
Delay: 24 Class Factor: 1.00 Accruing Since: 3/01/1999
Settlement Date: 3/26/1999 ABS 30 year WAC: 10.03 WAM: 324.46 Pricing
Speed: 23 RAMP1
MONTHS HEP HEP HEP HEP HEP HEP HEP
16 19 21 23 25 27 30
99- 8 8.688 8.693 8.696 8.699 8.702 8.705 8.709
99- 9 8.682 8.686 8.688 8.691 8.693 8.696 8.699
99-10 8.676 8.679 8.681 8.683 8.685 8.687 8.689
99-11 8.670 8.672 8.673 8.675 8.676 8.678 8.680
99-12 8.663 8.665 8.666 8.667 8.668 8.669 8.670
99-13 8.657 8.658 8.658 8.659 8.659 8.660 8.660
99-14 8.651 8.651 8.651 8.651 8.651 8.651 8.651
99-15 8.645 8.644 8.643 8.643 8.642 8.642 8.641
99-16 8.639 8.637 8.636 8.635 8.634 8.633 8.631
99-17 8.633 8.630 8.629 8.627 8.625 8.624 8.622
99-18 8.627 8.623 8.621 8.619 8.617 8.615 8.612
99-19 8.620 8.616 8.614 8.611 8.608 8.606 8.602
99-20 8.614 8.610 8.606 8.603 8.600 8.597 8.593
99-21 8.608 8.603 8.599 8.595 8.591 8.588 8.583
99-22 8.602 8.596 8.591 8.587 8.583 8.579 8.573
99-23 8.596 8.589 8.584 8.579 8.574 8.570 8.564
99-24 8.590 8.582 8.577 8.571 8.566 8.561 8.554
99-25 8.584 8.575 8.569 8.563 8.558 8.552 8.545
99-26 8.578 8.568 8.562 8.555 8.549 8.543 8.535
99-27 8.572 8.561 8.554 8.547 8.541 8.534 8.525
99-28 8.565 8.554 8.547 8.539 8.532 8.525 8.516
99-29 8.559 8.548 8.539 8.531 8.524 8.516 8.506
99-30 8.553 8.541 8.532 8.524 8.515 8.507 8.496
99-31 8.547 8.534 8.525 8.516 8.507 8.498 8.487
AVG LIFE 7.223 6.133 5.558 5.084 4.696 4.375 3.996
DURATION 5.095 4.520 4.194 3.914 3.678 3.478 3.234
FIRST PAY 2/03 7/02 4/02 4/02 4/02 4/02 4/02
LAST PAY 3/11C 6/09C 7/08C 9/07C 1/07C 6/06C 8/05C
<PAGE>
TO 10% CALL
Bond: IIA1 Balance: 138,650,000 Coupon: 5.18750
Delay: 0 Class Factor: 1.00 Accruing Since: 3/25/1999
Settlement Date: 3/26/1999 ABS 30 year WAC: 9.74 WAM: 358.07
Pricing Speed: 100 RAMP1
Index: 1ML Value: 4.93750 Reset: 0.25000 Multiplier: 1.00000
Cap: 99.00000 Floor: 0.00000 Delay: 0
MONTHS CPR CPR CPR CPR CPR CPR CPR
15 20 25 27 30 35 40
99-26 5.288 5.303 5.321 5.330 5.345 5.380 5.438
99-26.50 5.284 5.298 5.315 5.323 5.337 5.369 5.422
99-27 5.281 5.293 5.308 5.315 5.328 5.357 5.406
99-27.50 5.277 5.288 5.302 5.308 5.320 5.346 5.390
99-28 5.273 5.283 5.295 5.301 5.311 5.335 5.373
99-28.50 5.270 5.278 5.289 5.294 5.303 5.323 5.357
99-29 5.266 5.273 5.282 5.287 5.294 5.312 5.341
99-29.50 5.262 5.268 5.276 5.280 5.286 5.300 5.325
99-30 5.258 5.263 5.269 5.272 5.277 5.289 5.308
99-30.50 5.255 5.258 5.263 5.265 5.269 5.278 5.292
99-31 5.251 5.254 5.257 5.258 5.261 5.266 5.276
99-31.50 5.247 5.249 5.250 5.251 5.252 5.255 5.260
100- 0 5.244 5.244 5.244 5.244 5.244 5.244 5.244
100-00.50 5.240 5.239 5.237 5.237 5.235 5.232 5.228
100- 1 5.236 5.234 5.231 5.229 5.227 5.221 5.211
100-01.50 5.233 5.229 5.224 5.222 5.218 5.210 5.195
100- 2 5.229 5.224 5.218 5.215 5.210 5.198 5.179
100-02.50 5.225 5.219 5.212 5.208 5.202 5.187 5.163
100- 3 5.222 5.214 5.205 5.201 5.193 5.176 5.147
100-03.50 5.218 5.209 5.199 5.194 5.185 5.164 5.131
100- 4 5.214 5.204 5.192 5.187 5.176 5.153 5.114
100-04.50 5.211 5.199 5.186 5.179 5.168 5.142 5.098
100- 5 5.207 5.195 5.180 5.172 5.159 5.131 5.082
100-05.50 5.203 5.190 5.173 5.165 5.151 5.119 5.066
AVG LIFE 5.344 3.806 2.814 2.501 2.087 1.515 1.029
DURATION 4.199 3.143 2.404 2.160 1.830 1.361 0.953
FIRST PAY 4/99 4/99 4/99 4/99 4/99 4/99 4/99
LAST PAY 7/12 3/09 1/07 5/06 7/05 7/04 9/03
<PAGE>
TO 10% CALL
Bond: IIA2 Balance: 58,750,000 Coupon: 5.95500
Delay: 24 Class Factor: 1.00 Accruing Since: 3/01/1999
Settlement Date: 3/26/1999 ABS 30 year WAC: 9.74 WAM: 358.07
Pricing Speed: 100 RAMP1
MONTHS CPR CPR CPR CPR CPR CPR CPR
15 20 25 27 30 35 40
99-26 5.930 5.922 5.916 5.914 5.912 5.908 5.906
99-26.50 5.923 5.914 5.908 5.905 5.903 5.899 5.897
99-27 5.915 5.906 5.899 5.897 5.894 5.890 5.888
99-27.50 5.908 5.898 5.891 5.888 5.885 5.881 5.879
99-28 5.901 5.890 5.883 5.880 5.877 5.872 5.870
99-28.50 5.893 5.882 5.874 5.871 5.868 5.863 5.861
99-29 5.886 5.874 5.866 5.863 5.859 5.854 5.852
99-29.50 5.878 5.866 5.857 5.854 5.850 5.845 5.842
99-30 5.871 5.858 5.849 5.845 5.842 5.836 5.833
99-30.50 5.864 5.850 5.840 5.837 5.833 5.828 5.824
99-31 5.856 5.842 5.832 5.828 5.824 5.819 5.815
99-31.50 5.849 5.834 5.824 5.820 5.815 5.810 5.806
100- 0 5.842 5.826 5.815 5.811 5.807 5.801 5.797
100-00.50 5.834 5.818 5.807 5.803 5.798 5.792 5.788
100- 1 5.827 5.810 5.798 5.794 5.789 5.783 5.779
100-01.50 5.819 5.802 5.790 5.785 5.780 5.774 5.769
100- 2 5.812 5.794 5.782 5.777 5.772 5.765 5.760
100-02.50 5.805 5.786 5.773 5.768 5.763 5.756 5.751
100- 3 5.797 5.778 5.765 5.760 5.754 5.747 5.742
100-03.50 5.790 5.770 5.756 5.751 5.745 5.738 5.733
100- 4 5.783 5.762 5.748 5.743 5.737 5.729 5.724
100-04.50 5.775 5.755 5.740 5.734 5.728 5.720 5.715
100- 5 5.768 5.747 5.731 5.726 5.719 5.711 5.706
100-05.50 5.761 5.739 5.723 5.717 5.710 5.702 5.697
AVG LIFE 2.332 2.142 2.023 1.983 1.938 1.884 1.851
DURATION 2.111 1.952 1.852 1.817 1.779 1.733 1.705
FIRST PAY 7/00 7/00 7/00 7/00 7/00 7/00 7/00
LAST PAY 10/02 7/02 9/02 3/02 3/02 3/02 3/02
TO 10% CALL
Bond: IIM1 Balance: 17,625,000 Coupon: 5.53750
Delay: 0 Class Factor: 1.00 Accruing Since: 3/25/1999
Settlement Date: 3/26/1999 ABS 30 year WAC: 9.74 WAM: 358.07
Pricing Speed: 100 RAMP1
Index: 1ML Value: 4.93750 Reset: 0.60000 Multiplier: 1.00000
Cap: 99.00000 Floor: 0.00000 Delay: 0
MONTHS CPR CPR CPR CPR CPR CPR CPR
15 20 25 27 30 35 40
99-26 5.630 5.637 5.644 5.646 5.649 5.651 5.650
99-26.50 5.627 5.634 5.641 5.643 5.645 5.646 5.646
99-27 5.625 5.631 5.637 5.639 5.641 5.642 5.642
99-27.50 5.623 5.628 5.633 5.635 5.637 5.638 5.638
99-28 5.620 5.625 5.630 5.631 5.633 5.634 5.634
99-28.50 5.618 5.622 5.626 5.628 5.629 5.630 5.630
99-29 5.616 5.619 5.623 5.624 5.625 5.626 5.626
99-29.50 5.613 5.616 5.619 5.620 5.621 5.622 5.622
99-30 5.611 5.613 5.616 5.616 5.617 5.618 5.618
99-30.50 5.609 5.610 5.612 5.613 5.613 5.614 5.614
99-31 5.606 5.607 5.609 5.609 5.609 5.610 5.610
99-31.50 5.604 5.605 5.605 5.605 5.606 5.606 5.606
100- 0 5.602 5.602 5.602 5.602 5.602 5.602 5.602
100-00.50 5.599 5.599 5.598 5.598 5.598 5.598 5.598
100- 1 5.597 5.596 5.595 5.594 5.594 5.593 5.593
100-01.50 5.595 5.593 5.591 5.590 5.590 5.589 5.589
100- 2 5.592 5.590 5.587 5.587 5.586 5.585 5.585
100-02.50 5.590 5.587 5.584 5.583 5.582 5.581 5.581
100- 3 5.588 5.584 5.580 5.579 5.578 5.577 5.577
100-03.50 5.585 5.581 5.577 5.576 5.574 5.573 5.573
100- 4 5.583 5.578 5.573 5.572 5.570 5.569 5.569
100-04.50 5.581 5.575 5.570 5.568 5.566 5.565 5.565
100- 5 5.578 5.572 5.566 5.564 5.562 5.561 5.561
100-05.50 5.576 5.569 5.563 5.561 5.558 5.557 5.557
AVG LIFE 8.751 6.516 5.224 4.902 4.571 4.375 4.379
DURATION 6.622 5.243 4.375 4.152 3.923 3.791 3.801
FIRST PAY 5/03 4/02 6/02 7/02 8/02 11/02 2/03
LAST PAY 7/12 3/09 1/07 5/06 7/05 7/04 9/03
TO 10% CALL
Bond: IIM2 Balance: 11,750,000 Coupon: 6.03750
Delay: 0 Class Factor: 1.00 Accruing Since: 3/25/1999
Settlement Date: 3/26/1999 ABS 30 year WAC: 9.74 WAM: 358.07
Pricing Speed: 100 RAMP1
Index: 1ML Value: 4.93750 Reset: 1.10000 Multiplier: 1.00000
Cap: 99.00000 Floor: 0.00000 Delay: 0
MONTHS CPR CPR CPR CPR CPR CPR CPR
15 20 25 27 30 35 40
99-26 6.143 6.150 6.157 6.160 6.163 6.167 6.169
99-26.50 6.140 6.147 6.154 6.156 6.159 6.163 6.165
99-27 6.138 6.144 6.150 6.152 6.155 6.158 6.160
99-27.50 6.135 6.141 6.146 6.148 6.151 6.154 6.155
99-28 6.133 6.138 6.143 6.144 6.147 6.149 6.151
99-28.50 6.131 6.135 6.139 6.141 6.143 6.145 6.146
99-29 6.128 6.132 6.135 6.137 6.138 6.140 6.141
99-29.50 6.126 6.129 6.132 6.133 6.134 6.136 6.137
99-30 6.123 6.126 6.128 6.129 6.130 6.132 6.132
99-30.50 6.121 6.123 6.125 6.125 6.126 6.127 6.128
99-31 6.119 6.120 6.121 6.121 6.122 6.123 6.123
99-31.50 6.116 6.117 6.117 6.118 6.118 6.118 6.118
100- 0 6.114 6.114 6.114 6.114 6.114 6.114 6.114
100-00.50 6.111 6.111 6.110 6.110 6.110 6.109 6.109
100- 1 6.109 6.108 6.106 6.106 6.105 6.105 6.104
100-01.50 6.107 6.105 6.103 6.102 6.101 6.100 6.100
100- 2 6.104 6.102 6.099 6.098 6.097 6.096 6.095
100-02.50 6.102 6.099 6.096 6.095 6.093 6.091 6.091
100- 3 6.099 6.096 6.092 6.091 6.089 6.087 6.086
100-03.50 6.097 6.093 6.088 6.087 6.085 6.083 6.081
100- 4 6.095 6.090 6.085 6.083 6.081 6.078 6.077
100-04.50 6.092 6.087 6.081 6.079 6.077 6.074 6.072
100- 5 6.090 6.084 6.078 6.075 6.073 6.069 6.068
100-05.50 6.087 6.081 6.074 6.072 6.069 6.065 6.063
AVG LIFE 8.751 6.516 5.190 4.831 4.430 4.029 3.849
DURATION 6.468 5.145 4.280 4.036 3.758 3.474 3.346
FIRST PAY 5/03 4/02 5/02 5/02 6/02 7/02 8/02
LAST PAY 7/12 3/09 1/07 5/06 7/05 7/04 9/03
TO 10% CALL
Bond: IIB Balance: 8,225,000 Coupon: 7.68750
Delay: 0 Class Factor: 1.00 Accruing Since: 3/25/1999
Settlement Date: 3/26/1999 ABS 30 year WAC: 9.74 WAM: 358.07
Pricing Speed: 100 RAMP1
Index: 1ML Value: 4.93750 Reset: 2.75000 Multiplier: 1.00000
Cap: 99.00000 Floor: 0.00000 Delay: 0
MONTHS CPR CPR CPR CPR CPR CPR CPR
15 20 25 27 30 35 40
99-26 7.842 7.850 7.857 7.860 7.864 7.869 7.872
99-26.50 7.840 7.847 7.853 7.856 7.859 7.864 7.867
99-27 7.837 7.843 7.850 7.852 7.855 7.859 7.862
99-27.50 7.835 7.840 7.846 7.848 7.851 7.854 7.857
99-28 7.832 7.837 7.842 7.844 7.846 7.850 7.852
99-28.50 7.829 7.834 7.838 7.840 7.842 7.845 7.847
99-29 7.827 7.831 7.834 7.836 7.837 7.840 7.842
99-29.50 7.824 7.827 7.830 7.832 7.833 7.835 7.837
99-30 7.822 7.824 7.827 7.828 7.829 7.830 7.832
99-30.50 7.819 7.821 7.823 7.823 7.824 7.826 7.827
99-31 7.816 7.818 7.819 7.819 7.820 7.821 7.821
99-31.50 7.814 7.814 7.815 7.815 7.816 7.816 7.816
100- 0 7.811 7.811 7.811 7.811 7.811 7.811 7.811
100-00.50 7.809 7.808 7.807 7.807 7.807 7.807 7.806
100- 1 7.806 7.805 7.804 7.803 7.803 7.802 7.801
100-01.50 7.804 7.802 7.800 7.799 7.798 7.797 7.796
100- 2 7.801 7.798 7.796 7.795 7.794 7.792 7.791
100-02.50 7.798 7.795 7.792 7.791 7.789 7.787 7.786
100- 3 7.796 7.792 7.788 7.787 7.785 7.783 7.781
100-03.50 7.793 7.789 7.785 7.783 7.781 7.778 7.776
100- 4 7.791 7.786 7.781 7.779 7.776 7.773 7.771
100-04.50 7.788 7.782 7.777 7.775 7.772 7.768 7.766
100- 5 7.785 7.779 7.773 7.771 7.768 7.764 7.761
100-05.50 7.783 7.776 7.769 7.767 7.763 7.759 7.755
AVG LIFE 8.733 6.502 5.161 4.793 4.359 3.891 3.604
DURATION 5.987 4.835 4.049 3.822 3.546 3.237 3.041
FIRST PAY 5/03 4/02 4/02 4/02 4/02 4/02 5/02
LAST PAY 7/12 3/09 1/07 5/06 7/05 7/04 9/03
TO MATURITY
Bond: IA4 Balance: 12,000,000 Coupon: 6.62000
Delay: 24 Class Factor: 1.00 Accruing Since: 3/01/1999
Settlement Date: 3/26/1999 ABS 30 year WAC: 10.03 WAM: 324.46
Pricing Speed: 23 RAMP1
MONTHS HEP HEP HEP HEP HEP HEP HEP
16 19 21 23 25 27 30
99-26 6.740 6.750 6.754 6.757 6.756 6.751 6.734
99-26.50 6.739 6.748 6.752 6.755 6.754 6.748 6.731
99-27 6.737 6.747 6.750 6.753 6.752 6.745 6.728
99-27.50 6.735 6.745 6.748 6.751 6.749 6.743 6.725
99-28 6.733 6.743 6.746 6.749 6.747 6.740 6.722
99-28.50 6.732 6.741 6.744 6.747 6.745 6.738 6.719
99-29 6.730 6.739 6.742 6.745 6.742 6.735 6.716
99-29.50 6.728 6.737 6.740 6.742 6.740 6.733 6.713
99-30 6.726 6.735 6.738 6.740 6.738 6.730 6.710
99-30.50 6.725 6.733 6.736 6.738 6.735 6.727 6.707
99-31 6.723 6.732 6.734 6.736 6.733 6.725 6.704
99-31.50 6.721 6.730 6.732 6.734 6.731 6.722 6.701
100- 0 6.720 6.728 6.730 6.732 6.728 6.720 6.698
100-00.50 6.718 6.726 6.728 6.729 6.726 6.717 6.696
100- 1 6.716 6.724 6.726 6.727 6.724 6.715 6.693
100-01.50 6.714 6.722 6.724 6.725 6.721 6.712 6.690
100- 2 6.713 6.720 6.722 6.723 6.719 6.710 6.687
100-02.50 6.711 6.719 6.720 6.721 6.717 6.707 6.684
100- 3 6.709 6.717 6.718 6.719 6.714 6.704 6.681
100-03.50 6.708 6.715 6.716 6.717 6.712 6.702 6.678
100- 4 6.706 6.713 6.714 6.714 6.710 6.699 6.675
100-04.50 6.704 6.711 6.712 6.712 6.707 6.697 6.672
100- 5 6.702 6.709 6.710 6.710 6.705 6.694 6.669
100-05.50 6.701 6.707 6.708 6.708 6.703 6.692 6.666
AVG LIFE 14.564 12.784 11.695 10.513 9.394 8.353 6.922
DURATION 9.024 8.313 7.829 7.245 6.658 6.085 5.259
FIRST PAY 5/10 6/08 1/07 7/05 10/04 3/04 7/03
LAST PAY 10/21 12/18 5/17 12/15 8/14 12/13 5/13
<PAGE>
TO MATURITY
Bond: IA5 Balance: 13,000,000 Coupon: 6.16000
Delay: 24 Class Factor: 1.00 Accruing Since: 3/01/1999
Settlement Date: 3/26/1999 ABS 30 year WAC: 10.03 WAM: 324.46
Pricing Speed: 23 RAMP1
MONTHS HEP HEP HEP HEP HEP HEP HEP
16 19 21 23 25 27 30
99-26 6.200 6.198 6.198 6.197 6.196 6.196 6.195
99-26.50 6.197 6.195 6.195 6.194 6.193 6.193 6.192
99-27 6.194 6.193 6.192 6.191 6.190 6.190 6.189
99-27.50 6.191 6.190 6.189 6.188 6.187 6.187 6.186
99-28 6.189 6.187 6.186 6.185 6.184 6.184 6.183
99-28.50 6.186 6.184 6.183 6.182 6.181 6.181 6.180
99-29 6.183 6.181 6.180 6.179 6.178 6.178 6.177
99-29.50 6.180 6.178 6.177 6.176 6.175 6.175 6.174
99-30 6.177 6.175 6.174 6.173 6.172 6.172 6.171
99-30.50 6.175 6.172 6.171 6.170 6.169 6.169 6.168
99-31 6.172 6.170 6.168 6.167 6.166 6.166 6.165
99-31.50 6.169 6.167 6.165 6.164 6.163 6.163 6.162
100- 0 6.166 6.164 6.162 6.161 6.160 6.159 6.159
100-00.50 6.163 6.161 6.159 6.158 6.157 6.156 6.155
100- 1 6.161 6.158 6.157 6.155 6.154 6.153 6.152
100-01.50 6.158 6.155 6.154 6.152 6.151 6.150 6.149
100- 2 6.155 6.152 6.151 6.149 6.148 6.147 6.146
100-02.50 6.152 6.149 6.148 6.146 6.145 6.144 6.143
100- 3 6.150 6.147 6.145 6.143 6.142 6.141 6.140
100-03.50 6.147 6.144 6.142 6.140 6.139 6.138 6.137
100- 4 6.144 6.141 6.139 6.137 6.136 6.135 6.134
100-04.50 6.141 6.138 6.136 6.135 6.133 6.132 6.131
100- 5 6.138 6.135 6.133 6.132 6.130 6.129 6.128
100-05.50 6.136 6.132 6.130 6.129 6.127 6.126 6.125
AVG LIFE 7.227 6.926 6.765 6.635 6.530 6.446 6.355
DURATION 5.588 5.410 5.313 5.234 5.170 5.118 5.060
FIRST PAY 4/02 4/02 4/02 4/02 5/02 6/02 7/02
LAST PAY 12/13 12/13 12/13 12/13 12/13 12/13 1/13
<PAGE>
TO MATURITY
Bond: IM1 Balance: 6,987,000 Coupon: 6.75000
Delay: 24 Class Factor: 1.00 Accruing Since: 3/01/1999
Settlement Date: 3/26/1999 ABS 30 year WAC: 10.03 WAM: 324.46 Pricing
Speed: 23 RAMP1
MONTHS HEP HEP HEP HEP HEP HEP HEP
16 19 21 23 25 27 30
99-26 6.802 6.797 6.793 6.790 6.786 6.783 6.778
99-26.50 6.800 6.794 6.790 6.786 6.783 6.779 6.774
99-27 6.797 6.791 6.787 6.783 6.779 6.775 6.770
99-27.50 6.794 6.788 6.784 6.780 6.776 6.772 6.766
99-28 6.792 6.786 6.781 6.776 6.772 6.768 6.762
99-28.50 6.789 6.783 6.778 6.773 6.769 6.764 6.758
99-29 6.787 6.780 6.775 6.770 6.765 6.761 6.754
99-29.50 6.784 6.777 6.772 6.766 6.762 6.757 6.750
99-30 6.782 6.774 6.769 6.763 6.758 6.753 6.746
99-30.50 6.779 6.771 6.766 6.760 6.754 6.749 6.742
99-31 6.776 6.768 6.762 6.757 6.751 6.746 6.738
99-31.50 6.774 6.765 6.759 6.753 6.747 6.742 6.734
100- 0 6.771 6.763 6.756 6.750 6.744 6.738 6.730
100-00.50 6.769 6.760 6.753 6.747 6.740 6.735 6.726
100- 1 6.766 6.757 6.750 6.743 6.737 6.731 6.723
100-01.50 6.763 6.754 6.747 6.740 6.733 6.727 6.719
100- 2 6.761 6.751 6.744 6.737 6.730 6.723 6.715
100-02.50 6.758 6.748 6.741 6.733 6.726 6.720 6.711
100- 3 6.756 6.745 6.738 6.730 6.723 6.716 6.707
100-03.50 6.753 6.742 6.735 6.727 6.719 6.712 6.703
100- 4 6.751 6.740 6.732 6.723 6.716 6.709 6.699
100-04.50 6.748 6.737 6.728 6.720 6.712 6.705 6.695
100- 5 6.745 6.734 6.725 6.717 6.709 6.701 6.691
100-05.50 6.743 6.731 6.722 6.714 6.705 6.697 6.687
AVG LIFE 8.440 7.311 6.647 6.085 5.625 5.247 4.800
DURATION 6.036 5.407 5.027 4.695 4.417 4.184 3.902
FIRST PAY 2/03 7/02 4/02 4/02 4/02 4/02 5/02
LAST PAY 12/14 12/13 6/13 4/12 4/11 5/10 3/09
<PAGE>
TO MATURITY
Bond: IM2 Balance: 2,275,000 Coupon: 7.20000
Delay: 24 Class Factor: 1.00 Accruing Since: 3/01/1999
Settlement Date: 3/26/1999 ABS 30 year WAC: 10.03 WAM: 324.46 Pricing
Speed: 23 RAMP1
MONTHS HEP HEP HEP HEP HEP HEP HEP
16 19 21 23 25 27 30
99-26 7.259 7.253 7.248 7.244 7.240 7.236 7.230
99-26.50 7.256 7.250 7.245 7.240 7.236 7.232 7.226
99-27 7.253 7.247 7.242 7.237 7.232 7.228 7.222
99-27.50 7.251 7.244 7.239 7.234 7.229 7.224 7.218
99-28 7.248 7.241 7.235 7.230 7.225 7.220 7.213
99-28.50 7.245 7.238 7.232 7.227 7.221 7.216 7.209
99-29 7.243 7.235 7.229 7.223 7.218 7.212 7.205
99-29.50 7.240 7.232 7.226 7.220 7.214 7.208 7.201
99-30 7.238 7.229 7.222 7.216 7.210 7.205 7.197
99-30.50 7.235 7.226 7.219 7.213 7.207 7.201 7.192
99-31 7.232 7.223 7.216 7.209 7.203 7.197 7.188
99-31.50 7.230 7.220 7.213 7.206 7.199 7.193 7.184
100- 0 7.227 7.217 7.209 7.202 7.196 7.189 7.180
100-00.50 7.224 7.214 7.206 7.199 7.192 7.185 7.176
100- 1 7.222 7.211 7.203 7.196 7.188 7.181 7.172
100-01.50 7.219 7.208 7.200 7.192 7.185 7.177 7.167
100- 2 7.216 7.205 7.197 7.189 7.181 7.173 7.163
100-02.50 7.214 7.202 7.193 7.185 7.177 7.170 7.159
100- 3 7.211 7.199 7.190 7.182 7.174 7.166 7.155
100-03.50 7.208 7.196 7.187 7.178 7.170 7.162 7.151
100- 4 7.206 7.193 7.184 7.175 7.166 7.158 7.146
100-04.50 7.203 7.190 7.181 7.171 7.163 7.154 7.142
100- 5 7.200 7.187 7.177 7.168 7.159 7.150 7.138
100-05.50 7.198 7.184 7.174 7.164 7.155 7.146 7.134
AVG LIFE 8.247 7.025 6.372 5.830 5.382 5.009 4.569
DURATION 5.844 5.194 4.823 4.503 4.230 3.997 3.717
FIRST PAY 2/03 7/02 4/02 4/02 4/02 4/02 4/02
LAST PAY 9/13 9/11 7/10 8/09 9/08 1/08 1/07
<PAGE>
TO MATURITY
Bond: IB Balance: 2,438,000 Coupon: 8.50000
Delay: 24 Class Factor: 1.00 Accruing Since: 3/01/1999
Settlement Date: 3/26/1999 ABS 30 year WAC: 10.03 WAM: 324.46 Pricing
Speed: 23 RAMP1
MONTHS HEP HEP HEP HEP HEP HEP HEP
16 19 21 23 25 27 30
99- 8 8.688 8.693 8.696 8.699 8.702 8.705 8.709
99- 9 8.682 8.686 8.688 8.691 8.693 8.696 8.699
99-10 8.676 8.679 8.681 8.683 8.685 8.687 8.689
99-11 8.670 8.672 8.673 8.675 8.676 8.678 8.680
99-12 8.663 8.665 8.666 8.667 8.668 8.669 8.670
99-13 8.657 8.658 8.658 8.659 8.659 8.660 8.660
99-14 8.651 8.651 8.651 8.651 8.651 8.651 8.651
99-15 8.645 8.644 8.643 8.643 8.642 8.642 8.641
99-16 8.639 8.637 8.636 8.635 8.634 8.633 8.631
99-17 8.633 8.630 8.629 8.627 8.625 8.624 8.622
99-18 8.627 8.623 8.621 8.619 8.617 8.615 8.612
99-19 8.620 8.616 8.614 8.611 8.608 8.606 8.602
99-20 8.614 8.610 8.606 8.603 8.600 8.597 8.593
99-21 8.608 8.603 8.599 8.595 8.591 8.588 8.583
99-22 8.602 8.596 8.591 8.587 8.583 8.579 8.573
99-23 8.596 8.589 8.584 8.579 8.574 8.570 8.564
99-24 8.590 8.582 8.577 8.571 8.566 8.561 8.554
99-25 8.584 8.575 8.569 8.563 8.558 8.552 8.545
99-26 8.578 8.568 8.562 8.555 8.549 8.543 8.535
99-27 8.572 8.561 8.554 8.547 8.541 8.534 8.525
99-28 8.565 8.554 8.547 8.539 8.532 8.525 8.516
99-29 8.559 8.548 8.539 8.531 8.524 8.516 8.506
99-30 8.553 8.541 8.532 8.524 8.515 8.507 8.496
99-31 8.547 8.534 8.525 8.516 8.507 8.498 8.487
AVG LIFE 7.223 6.133 5.558 5.084 4.696 4.375 3.996
DURATION 5.095 4.520 4.194 3.914 3.678 3.478 3.234
FIRST PAY 2/03 7/02 4/02 4/02 4/02 4/02 4/02
LAST PAY 4/11 7/09 7/08 10/07 1/07 6/06 9/05
<PAGE>
TO MATURITY
Bond: IIA1 Balance: 138,650,000 Coupon: 5.18750
Delay: 0 Class Factor: 1.00 Accruing Since: 3/25/1999
Settlement Date: 3/26/1999 ABS 30 year WAC: 9.74 WAM: 358.07
Pricing Speed: 100 RAMP1
Index: 1ML Value: 4.93750 Reset: 0.25000 Multiplier: 1.00000
Cap: 99.00000 Floor: 0.00000 Delay: 0
MONTHS CPR CPR CPR CPR CPR CPR CPR
15 20 25 27 30 35 40
99-26 5.298 5.315 5.334 5.343 5.358 5.392 5.445
99-26.50 5.294 5.310 5.328 5.336 5.351 5.382 5.430
99-27 5.291 5.305 5.322 5.330 5.343 5.371 5.416
99-27.50 5.287 5.301 5.316 5.323 5.335 5.361 5.401
99-28 5.283 5.296 5.310 5.316 5.328 5.351 5.387
99-28.50 5.280 5.291 5.304 5.310 5.320 5.341 5.372
99-29 5.276 5.287 5.298 5.303 5.312 5.331 5.358
99-29.50 5.273 5.282 5.292 5.297 5.304 5.320 5.343
99-30 5.269 5.278 5.286 5.290 5.297 5.310 5.329
99-30.50 5.266 5.273 5.280 5.283 5.289 5.300 5.314
99-31 5.262 5.268 5.274 5.277 5.281 5.290 5.300
99-31.50 5.259 5.264 5.268 5.270 5.274 5.279 5.285
100- 0 5.255 5.259 5.262 5.264 5.266 5.269 5.271
100-00.50 5.252 5.254 5.256 5.257 5.258 5.259 5.256
100- 1 5.248 5.250 5.250 5.250 5.250 5.249 5.242
100-01.50 5.245 5.245 5.244 5.244 5.243 5.239 5.227
100- 2 5.241 5.241 5.238 5.237 5.235 5.228 5.213
100-02.50 5.238 5.236 5.232 5.231 5.227 5.218 5.199
100- 3 5.234 5.231 5.227 5.224 5.220 5.208 5.184
100-03.50 5.231 5.227 5.221 5.218 5.212 5.198 5.170
100- 4 5.227 5.222 5.215 5.211 5.204 5.188 5.155
100-04.50 5.224 5.217 5.209 5.204 5.197 5.178 5.141
100- 5 5.220 5.213 5.203 5.198 5.189 5.167 5.127
100-05.50 5.217 5.208 5.197 5.191 5.181 5.157 5.112
AVG LIFE 5.833 4.209 3.143 2.807 2.362 1.739 1.189
DURATION 4.406 3.349 2.596 2.346 2.007 1.514 1.068
FIRST PAY 4/99 4/99 4/99 4/99 4/99 4/99 4/99
LAST PAY 4/25 10/20 9/16 5/15 8/13 4/11 6/09
<PAGE>
TO MATURITY
Bond: IIM1 Balance: 17,625,000 Coupon: 5.53750
Delay: 0 Class Factor: 1.00 Accruing Since: 3/25/1999
Settlement Date: 3/26/1999 ABS 30 year WAC: 9.74 WAM: 358.07
Pricing Speed: 100 RAMP1
Index: 1ML Value: 4.93750 Reset: 0.60000 Multiplier: 1.00000
Cap: 99.00000 Floor: 0.00000 Delay: 0
MONTHS CPR CPR CPR CPR CPR CPR CPR
15 20 25 27 30 35 40
99-26 5.643 5.653 5.661 5.664 5.666 5.666 5.675
99-26.50 5.641 5.650 5.658 5.660 5.663 5.662 5.672
99-27 5.638 5.647 5.655 5.657 5.659 5.659 5.668
99-27.50 5.636 5.645 5.651 5.653 5.655 5.655 5.664
99-28 5.634 5.642 5.648 5.650 5.652 5.651 5.661
99-28.50 5.632 5.639 5.645 5.646 5.648 5.647 5.657
99-29 5.629 5.636 5.641 5.643 5.644 5.643 5.653
99-29.50 5.627 5.633 5.638 5.640 5.641 5.639 5.650
99-30 5.625 5.631 5.635 5.636 5.637 5.636 5.646
99-30.50 5.623 5.628 5.632 5.633 5.633 5.632 5.642
99-31 5.620 5.625 5.628 5.629 5.630 5.628 5.639
99-31.50 5.618 5.622 5.625 5.626 5.626 5.624 5.635
100- 0 5.616 5.620 5.622 5.622 5.622 5.620 5.631
100-00.50 5.614 5.617 5.618 5.619 5.619 5.616 5.628
100- 1 5.611 5.614 5.615 5.615 5.615 5.613 5.624
100-01.50 5.609 5.611 5.612 5.612 5.611 5.609 5.620
100- 2 5.607 5.608 5.608 5.608 5.608 5.605 5.617
100-02.50 5.605 5.606 5.605 5.605 5.604 5.601 5.613
100- 3 5.603 5.603 5.602 5.601 5.600 5.597 5.609
100-03.50 5.600 5.600 5.599 5.598 5.597 5.594 5.606
100- 4 5.598 5.597 5.595 5.594 5.593 5.590 5.602
100-04.50 5.596 5.595 5.592 5.591 5.589 5.586 5.598
100- 5 5.594 5.592 5.589 5.587 5.586 5.582 5.595
100-05.50 5.591 5.589 5.585 5.584 5.582 5.578 5.591
AVG LIFE 9.576 7.185 5.769 5.408 5.025 4.742 4.942
DURATION 6.960 5.578 4.688 4.456 4.211 4.041 4.211
FIRST PAY 5/03 4/02 6/02 7/02 8/02 11/02 2/03
LAST PAY 12/21 2/17 7/13 5/12 12/10 12/08 6/07
<PAGE>
TO MATURITY
Bond: IIM2 Balance: 11,750,000 Coupon: 6.03750
Delay: 0 Class Factor: 1.00 Accruing Since: 3/25/1999
Settlement Date: 3/26/1999 ABS 30 year WAC: 9.74 WAM: 358.07
Pricing Speed: 100 RAMP1
Index: 1ML Value: 4.93750 Reset: 1.10000 Multiplier: 1.00000
Cap: 99.00000 Floor: 0.00000 Delay: 0
MONTHS CPR CPR CPR CPR CPR CPR CPR
15 20 25 27 30 35 40
99-26 6.163 6.175 6.186 6.189 6.193 6.195 6.195
99-26.50 6.161 6.173 6.182 6.185 6.189 6.191 6.191
99-27 6.159 6.170 6.179 6.182 6.185 6.186 6.187
99-27.50 6.156 6.167 6.175 6.178 6.181 6.182 6.182
99-28 6.154 6.164 6.172 6.175 6.177 6.178 6.178
99-28.50 6.152 6.161 6.169 6.171 6.173 6.174 6.173
99-29 6.149 6.158 6.165 6.167 6.170 6.170 6.169
99-29.50 6.147 6.155 6.162 6.164 6.166 6.165 6.165
99-30 6.145 6.153 6.158 6.160 6.162 6.161 6.160
99-30.50 6.143 6.150 6.155 6.156 6.158 6.157 6.156
99-31 6.140 6.147 6.151 6.153 6.154 6.153 6.152
99-31.50 6.138 6.144 6.148 6.149 6.150 6.149 6.147
100- 0 6.136 6.141 6.145 6.146 6.146 6.144 6.143
100-00.50 6.133 6.138 6.141 6.142 6.142 6.140 6.138
100- 1 6.131 6.135 6.138 6.138 6.139 6.136 6.134
100-01.50 6.129 6.133 6.134 6.135 6.135 6.132 6.130
100- 2 6.126 6.130 6.131 6.131 6.131 6.128 6.125
100-02.50 6.124 6.127 6.128 6.128 6.127 6.123 6.121
100- 3 6.122 6.124 6.124 6.124 6.123 6.119 6.117
100-03.50 6.120 6.121 6.121 6.120 6.119 6.115 6.112
100- 4 6.117 6.118 6.117 6.117 6.115 6.111 6.108
100-04.50 6.115 6.115 6.114 6.113 6.112 6.107 6.103
100- 5 6.113 6.113 6.111 6.110 6.108 6.102 6.099
100-05.50 6.110 6.110 6.107 6.106 6.104 6.098 6.095
AVG LIFE 9.447 7.071 5.641 5.250 4.806 4.331 4.108
DURATION 6.744 5.418 4.535 4.285 3.994 3.677 3.530
FIRST PAY 5/03 4/02 5/02 5/02 6/02 7/02 8/02
LAST PAY 9/19 1/15 10/11 10/10 6/09 10/07 6/06
<PAGE>
TO MATURITY
Bond: IIB Balance: 8,225,000 Coupon: 7.68750
Delay: 0 Class Factor: 1.00 Accruing Since: 3/25/1999
Settlement Date: 3/26/1999 ABS 30 year WAC: 9.74 WAM: 358.07
Pricing Speed: 100 RAMP1
Index: 1ML Value: 4.93750 Reset: 2.75000 Multiplier: 1.00000
Cap: 99.00000 Floor: 0.00000 Delay: 0
MONTHS CPR CPR CPR CPR CPR CPR CPR
15 20 25 27 30 35 40
99-26 7.864 7.878 7.889 7.894 7.899 7.901 7.905
99-26.50 7.862 7.875 7.886 7.890 7.895 7.897 7.900
99-27 7.859 7.871 7.882 7.886 7.891 7.892 7.895
99-27.50 7.857 7.868 7.878 7.882 7.886 7.887 7.890
99-28 7.854 7.865 7.875 7.878 7.882 7.883 7.885
99-28.50 7.852 7.862 7.871 7.874 7.878 7.878 7.880
99-29 7.849 7.859 7.867 7.870 7.873 7.873 7.875
99-29.50 7.847 7.856 7.863 7.866 7.869 7.869 7.870
99-30 7.844 7.853 7.860 7.862 7.865 7.864 7.865
99-30.50 7.841 7.849 7.856 7.858 7.861 7.859 7.860
99-31 7.839 7.846 7.852 7.854 7.856 7.855 7.855
99-31.50 7.836 7.843 7.848 7.850 7.852 7.850 7.850
100- 0 7.834 7.840 7.845 7.846 7.848 7.845 7.845
100-00.50 7.831 7.837 7.841 7.842 7.844 7.841 7.840
100- 1 7.829 7.834 7.837 7.839 7.839 7.836 7.835
100-01.50 7.826 7.831 7.833 7.835 7.835 7.831 7.830
100- 2 7.824 7.827 7.830 7.831 7.831 7.827 7.825
100-02.50 7.821 7.824 7.826 7.827 7.827 7.822 7.820
100- 3 7.819 7.821 7.822 7.823 7.823 7.817 7.815
100-03.50 7.816 7.818 7.819 7.819 7.818 7.813 7.810
100- 4 7.813 7.815 7.815 7.815 7.814 7.808 7.805
100-04.50 7.811 7.812 7.811 7.811 7.810 7.803 7.800
100- 5 7.808 7.809 7.807 7.807 7.806 7.799 7.795
100-05.50 7.806 7.805 7.804 7.803 7.801 7.794 7.790
AVG LIFE 9.041 6.743 5.358 4.977 4.527 4.020 3.716
DURATION 6.094 4.942 4.152 3.923 3.644 3.319 3.116
FIRST PAY 5/03 4/02 4/02 4/02 4/02 4/02 5/02
LAST PAY 8/16 6/12 9/09 10/08 9/07 4/06 3/05
