<PAGE>
EXHIBIT 99
----------
Statistical Information
<PAGE>
Fixed Rate Mortgage Loan Group
(Subsequent Mortgage Pool)
Mortgage Rates for the Fixed Rate Mortgage Loan Group
<TABLE>
<CAPTION>
Number of Aggregate Principal Percent of
Range of Mortgage Rates Mortgage Loans Balance Outstanding Loan Group
----------------------- -------------- ------------------- ----------
<S> <C> <C> <C>
7.000%-7.499%.............................. 1 $22,681 0.1%
7.500%-7.999%.............................. 13 846,746 2.1
8.000%-8.499%.............................. 11 888,755 2.2
8.500%-8.999%.............................. 36 3,465,258 8.7
9.000%-9.499%.............................. 31 3,134,249 7.9
9.500%-9.999%.............................. 79 6,713,246 16.8
10.000%-10.499%............................ 57 4,559,405 11.4
10.500%-10.999%............................ 72 5,897,377 14.8
11.000%-11.499%............................ 56 3,543,898 8.9
11.500%-11.999%............................ 66 4,679,098 11.7
12.000%-12.499%............................ 41 3,359,342 8.4
12.500%-12.999%............................ 26 1,580,191 4.0
13.000%-13.499%............................ 9 472,327 1.2
13.500%- 13.999%........................... 8 721,035 1.8
--- ----------- -----
Totals ................ 506 $39,883,608 100.0%
=== =========== =====
</TABLE>
As of the Cut-off Date, Mortgage Rates borne by the Fixed Rate Mortgage
Loans in the Subsequent Mortgage Pool ranged from 7.375% per annum to 13.875%
per annum and the weighted average Mortgage Rate of the Fixed Rate Mortgage
Loans in the Subsequent Mortgage Pool was approximately 10.540% per annum.
<PAGE>
Remaining Months to Stated Maturity for the Fixed Rate Mortgage Loan Group
<TABLE>
<CAPTION>
Number of Aggregate Principal Percent of
Range of Remaining Terms (Months) Mortgage Loans Balance Outstanding Loan Group
--------------------------------- -------------- ------------------- ----------
<S> <C> <C> <C>
109 to 120............................... 10 $367,876 0.9%
169 to 180............................... 293 22,554,418 56.6
229 to 240............................... 15 1,161,041 2.9
289 to 300 .............................. 1 46,845 0.1
349 to 360............................... 187 15,753,428 39.5
--- ----------- -----
Totals ..... 506 $39,883,608 100.0%
=== =========== =====
</TABLE>
As of the Cut-off Date, the remaining terms to stated maturity of the
Fixed Rate Mortgage Loans in the Subsequent Mortgage Pool ranged from 119 months
to 360 months and the weighted average remaining term to stated maturity of the
Fixed Rate Mortgage Loans in the Subsequent Mortgage Pool was approximately 252
months.
Original Mortgage Loan Principal Balances for the Fixed Rate
Mortgage Loan Group
<TABLE>
<CAPTION>
Number of Aggregate
Range of Original Mortgage Mortgage Principal Balance Percent of
Loan Principal Balances Loans Outstanding Loan Group
----------------------- ----- ----------- ----------
<S> <C> <C> <C>
$100,000 or less.................................... 381 $20,470,161 51.3%
$100,001-$150,000................................... 80 9,820,746 24.6
$150,001-$200,000................................... 24 4,167,381 10.4
$200,001-$250,000................................... 10 2,211,406 5.5
$250,001-$300,000................................... 8 2,206,688 5.5
$300,001-$350,000................................... 2 655,320 1.6
$350,001-$400,000................................... 1 351,905 0.9
--- ----------- -----
Totals .................................. 506 $39,883,608 100.0%
=== =========== =====
</TABLE>
As of the Cut-off Date, the outstanding principal balances of the Fixed
Rate Mortgage Loans in the Subsequent Mortgage Pool ranged from approximately
$10,997 to approximately $351,905 and the average outstanding principal balance
of the Fixed Rate Mortgage Loans in the Subsequent Mortgage Pool was
approximately $78,821.
<PAGE>
Product Types for the Fixed Rate Mortgage Loan Group
<TABLE>
<CAPTION>
Number of Aggregate
Mortgage Principal Balance Percent of
Product Type Loans Outstanding Loan Group
------------ ----- ----------- ----------
<S> <C> <C> <C>
10 year Fixed....................................... 10 $367,876 0.9%
15 year Fixed....................................... 120 6,823,734 17.1
15/30 Balloon ...................................... 173 15,730,684 39.4
20 year Fixed....................................... 15 1,161,041 2.9
25 year Fixed ...................................... 1 46,845 0.1
30 year Fixed....................................... 187 15,753,428 39.5
--- ----------- -----
Totals..................................... 506 $39,883,608 100.0%
=== =========== =====
</TABLE>
<PAGE>
State Distributions of Mortgage Properties in the Fixed Rate Mortgage
Loan Group
<TABLE>
<CAPTION>
Number of Aggregate Principal Percent of
State Mortgage Loans Balance Outstanding Loan Group
----- -------------- ------------------- ----------
<S> <C> <C> <C>
Arizona..................................... 5 $402,093 1.0%
Arkansas.................................... 1 71,615 0.2
California.................................. 17 2,205,005 5.5
Colorado.................................... 8 777,501 1.9
Connecticut................................. 1 97,970 0.2
Delaware.................................... 2 127,234 0.3
Florida..................................... 98 7,357,274 18.4
Georgia..................................... 31 2,110,640 5.3
Illinois.................................... 13 672,924 1.7
Indiana..................................... 35 1,928,632 4.8
Kansas...................................... 1 46,979 0.1
Kentucky.................................... 2 95,470 0.2
Louisiana................................... 20 1,314,964 3.3
Massachusetts............................... 4 395,112 1.0
Michigan.................................... 22 1,353,439 3.4
Minnesota................................... 7 646,305 1.6
Mississippi................................. 6 324,467 0.8
Missouri.................................... 14 809,855 2.0
Nebraska.................................... 1 75,000 0.2
New Hampshire............................... 4 300,561 0.8
New Jersey.................................. 16 1,731,174 4.3
New Mexico.................................. 4 197,039 0.5
New York.................................... 68 7,955,756 19.9
North Carolina.............................. 12 828,670 2.1
Ohio........................................ 16 1,043,300 2.6
Oklahoma.................................... 5 333,809 0.8
Oregon...................................... 3 302,995 0.8
Pennsylvania................................ 13 899,107 2.3
Rhode Island................................ 5 346,382 0.9
South Carolina.............................. 7 397,959 1.0
Tennessee................................... 44 2,920,063 7.3
Texas....................................... 7 489,123 1.2
Utah........................................ 2 249,256 0.6
Vermont..................................... 1 51,693 0.1
Virginia.................................... 5 449,789 1.1
Washington.................................. 4 493,333 1.2
West Virginia............................... 2 81,121 0.2
--- ----------- -----
Totals.............................. 506 $39,883,608 100.0%
=== =========== =====
</TABLE>
<PAGE>
No more than approximately 1.3% of the Fixed Rate Mortgage Loans in the
Subsequent Mortgage Pool will be secured by mortgaged properties located in any
one zip code area.
Loan-to-Value Ratios for the Fixed Rate Mortgage Loan Group
<TABLE>
<CAPTION>
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............................. 68 $3,654,100 9.2%
50.01%-55.00%.............................. 22 976,349 2.4
55.01%-60.00%.............................. 40 3,141,851 7.9
60.01%-65.00%.............................. 29 1,963,963 4.9
65.01%-70.00%.............................. 63 5,433,051 13.6
70.01%-75.00%.............................. 87 5,990,195 15.0
75.01%-80.00%.............................. 104 10,296,753 25.8
80.01%-85.00%.............................. 58 4,500,697 11.3
85.01%-90.00%.............................. 33 3,566,534 8.9
90.01%-95.00%.............................. 2 360,115 0.9
--- ----------- -----
Totals............................ 506 $39,883,608 100.0%
=== =========== =====
</TABLE>
As of the Cut-off Date, the Loan-to-Value Ratios of the Fixed Rate
Mortgage Loans in the Subsequent Mortgage Pool ranged from 13.44% to 95.00% and
the weighted average Loan-to-Value Ratio of the Fixed Rate Mortgage Loans in the
Subsequent Mortgage Pool was approximately 72.40%.
Loan Purpose for the Fixed Rate Mortgage Loan Group
<TABLE>
<CAPTION>
Number of Aggregate Principal Percent of
Loan Purpose Mortgage Loans Balance Outstanding Loan Group
------------ -------------- ------------------- ----------
<S> <C> <C> <C>
Purchase.................................... 137 $12,550,326 31.5%
Refinance--Rate/Term......................... 20 1,259,740 3.2
Refinance--Cashout........................... 349 26,073,542 65.4
--- ----------- -----
Totals............................. 506 $39,883,608 100.0%
=== =========== =====
</TABLE>
<PAGE>
Types of Mortgaged Properties for the Fixed Rate Mortgage Loan Group
<TABLE>
<CAPTION>
Aggregate
Number of Principal Balance Percent of
Property Type Mortgage Loans Outstanding Loan Group
------------- -------------- ----------- ----------
<S> <C> <C> <C>
Single-family Detached...................... 392 $29,998,343 75.2%
Two- to Four-Family Dwelling Unit........... 47 5,400,203 13.5
Planned Unit Development.................... 16 1,367,362 3.4
Condominium................................. 14 788,556 2.0
Small Mixed Use............................. 10 1,009,355 2.5
Manufactured Housing........................ 27 1,319,789 3.3
--- ----------- -----
Totals...................... 506 $39,883,608 100.0%
=== =========== =====
</TABLE>
Documentation Summary for the Fixed Rate Mortgage Loan Group
<TABLE>
<CAPTION>
Aggregate Principal
Number of Balance Percent of
Documentation Mortgage Loans Outstanding Loan Group
------------- -------------- ----------- ----------
<S> <C> <C> <C>
Full Documentation............................. 364 $27,284,944 68.4%
24 Month Bank Statement........................ 35 3,132,513 7.9
Reduced Documentation.......................... 13 1,486,136 3.7
Stated Documentation........................... 94 7,980,014 20.0
--- ----------- -----
Totals......................... 506 $39,883,608 100.0%
=== =========== =====
</TABLE>
Occupancy Types for the Fixed Rate Mortgage Loan Group
<TABLE>
<CAPTION>
Number of Aggregate Principal Percent of
Occupancy Mortgage Loans Balance Outstanding Loan Group
--------- -------------- ------------------- ----------
<S> <C> <C> <C>
Owner-occupied................................ 441 $35,733,999 89.6%
Second Home................................... 8 867,809 2.2
Investment.................................... 57 3,281,800 8.2
--- ----------- -----
Totals........................ 506 $39,883,608 100.0%
=== =========== =====
</TABLE>
<PAGE>
The information set forth above is based upon representations of the
related mortgagor at the time of origination.
Mortgage Loan Age Summary for the Fixed Rate Mortgage Loan Group
<TABLE>
<CAPTION>
Number of Aggregate Principal Percent of
Mortgage Loan Age (Months) Mortgage Loans Balance Outstanding Loan Group
-------------------------- -------------- ------------------- ----------
<S> <C> <C> <C>
0............................................. 114 $7,895,455 19.8%
1 ............................................ 386 31,611,356 79.3
2............................................. 3 166,119 0.4
4............................................. 2 115,782 0.3
8............................................. 1 94,896 0.2
--- ----------- -----
Totals........................ 506 $39,883,608 100.0%
=== =========== =====
</TABLE>
As of the Cut-off Date, the weighted average age of the Fixed Rate
Mortgage Loans in the Subsequent Mortgage Pool was approximately 1 month.
Credit Grade Summary for the Fixed Rate Mortgage Loan Group
<TABLE>
<CAPTION>
Number of Aggregate Principal Percent of
Credit Grade Mortgage Loans Balance Outstanding Loan Group
------------ -------------- ------------------- ----------
<S> <C> <C> <C>
AO............................................ 223 $20,323,371 51.0%
A-............................................ 142 11,063,042 27.7
B............................................. 66 4,284,096 10.7
B-............................................ 22 1,454,941 3.6
C............................................. 50 2,662,764 6.7
C-............................................ 3 95,393 0.2
--- ----------- -----
Totals........................ 506 $39,883,608 100.0%
=== =========== =====
</TABLE>
Year of Origination for the Fixed Rate Mortgage Loan Group
<TABLE>
<CAPTION>
Number of Aggregate Principal Percent of
Year of Origination Mortgage Loans Balance Outstanding Loan Group
------------------- -------------- ------------------- ----------
<S> <C> <C> <C>
2000 ..................................... 506 $39,883,608 100.0%
--- ----------- -----
Totals........................ 506 $39,883,608 100.0%
=== =========== =====
</TABLE>
<PAGE>
Prepayment Penalties for the Fixed Rate Mortgage Loan Group
<TABLE>
<CAPTION>
Number of Aggregate Principal Percent of
Prepayment Penalty Term Mortgage Loans Balance Outstanding Loan Group
----------------------- -------------- ------------------- ----------
<S> <C> <C> <C>
None ......................................... 93 $6,637,907 16.6%
12 months..................................... 62 7,396,378 18.5
24 months..................................... 12 844,970 2.1
36 months..................................... 139 9,830,679 24.6
60 months..................................... 200 15,173,675 38.0
--- ----------- -----
Totals........................ 506 $39,883,608 100.0%
=== =========== =====
</TABLE>
The weighted average prepayment penalty term with respect to the Fixed
Rate Mortgage Loans in the Subsequent Mortgage Pool having prepayment penalties
is approximately 41 months. With respect to those Fixed Rate Mortgage Loans in
the Subsequent Mortgage Pool (exclusive of the Fixed Rate Mortgage Loans in the
Subsequent Mortgage Pool purchased by the Seller under its Small Lender Program)
which have prepayment penalties, 88.0% of such mortgage loans are subject to a
prepayment penalty which will equal six months interest calculated on the basis
of the rate in effect at the time of the prepayment on the amount prepaid in
excess of 20% of the original principal balance of the mortgage loan.
Credit Scores for the Fixed Rate Mortgage Loan Group
<TABLE>
<CAPTION>
Range of Number of Aggregate Principal Percentage of
Credit Scores Mortgage Loans Balance Outstanding Loan Group
------------- -------------- ------------------- ----------
<S> <C> <C> <C>
Not Scored..................................... 5 $191,715 0.5%
496 to 500..................................... 2 62,117 0.2
501 to 550..................................... 99 7,076,479 17.7
551 to 600..................................... 129 10,085,115 25.3
601 to 650..................................... 131 10,535,509 26.4
651 to 700..................................... 93 7,632,415 19.1
701 to 750..................................... 30 2,781,395 7.0
751 to 800..................................... 16 1,340,211 3.4
801 to 813..................................... 1 178,652 0.4
--- ----------- -----
Totals................................. 506 $39,883,608 100.0%
=== =========== =====
</TABLE>
<PAGE>
The Credit Scores of the Fixed Rate Mortgage Loans in the Subsequent
Mortgage Pool that were scored as of the Cut-off Date ranged from 496 to 813 and
the weighted average Credit Score of the Fixed Rate Mortgage Loans in the
Subsequent Mortgage Pool that were scored as of the Cut-off Date was
approximately 617.
Adjustable Rate Mortgage Loan Group
(Subsequent Mortgage Pool)
Current Mortgage Rates for the Adjustable Rate Mortgage Loan Group
<TABLE>
<CAPTION>
Number of Aggregate Principal Percent of
Range of Mortgage Rates Mortgage Loans Balance Outstanding Loan Group
----------------------- -------------- ------------------- ----------
<S> <C> <C> <C>
6.500%-6.999%.............................. 4 $292,320 0.2%
7.500%-7.999%.............................. 6 1,385,647 1.0
8.000%-8.499%.............................. 15 2,565,192 1.8
8.500%-8.999%.............................. 57 11,455,090 8.2
9.000%-9.499%.............................. 79 12,538,449 9.0
9.500%-9.999%.............................. 174 26,406,505 18.9
10.000%-10.499%............................ 153 21,180,840 15.1
10.500%-10.999%............................ 230 29,853,712 21.3
11.000%-11.499%............................ 143 16,171,975 11.6
11.500%-11.999%............................ 116 12,296,998 8.8
12.000%-12.499%............................ 37 4,130,836 3.0
12.500%-12.999%............................ 11 1,279,996 0.9
13.000%-13.499%............................ 1 125,973 0.1
13.500%-13.999%............................ 2 304,742 0.2
----- ------------ -----
Totals .................................. 1,028 $139,988,275 100.0%
===== ============ =====
</TABLE>
As of the Cut-off Date, the current Mortgage Rates borne by the
Adjustable Rate Mortgage Loans in the Subsequent Mortgage Pool ranged from
6.625% per annum to 13.990% per annum and the weighted average Mortgage Rate
borne by the Adjustable Rate Mortgage Loans in the Subsequent Mortgage Pool was
approximately 10.306% per annum.
<PAGE>
Remaining Months to Stated Maturity for the Adjustable Rate Mortgage Loan Group
<TABLE>
<CAPTION>
Number of Aggregate Principal Percent of
Range of Remaining Terms (Months) Mortgage Loans Balance Outstanding Loan Group
--------------------------------- -------------- ------------------- ----------
<S> <C> <C> <C>
349 to 360............................... 1,028 $139,988,275 100.0%
----- ------------ -----
Totals.................... 1,028 $139,988,275 100.0%
===== ============ =====
</TABLE>
As of the Cut-off Date, the remaining terms to stated maturity of the
Adjustable Rate Mortgage Loans in the Subsequent Mortgage Pool ranged from 358
months to 360 months and the weighted average remaining term to stated maturity
of the Adjustable Rate Mortgage Loans in the Subsequent Mortgage Pool was
approximately 359 months.
Original Mortgage Loan Principal Balances for the Adjustable Rate Mortgage
<TABLE>
<CAPTION>
Number of
Range of Original Mortgage Mortgage Aggregate Principal Percent of
Loan Principal Balances Loans Balance Outstanding Loan Group
----------------------- ----- ------------------- ----------
<S> <C> <C> <C>
$100,000 or less........................................ 424 $29,541,628 21.1%
$100,001-$150,000....................................... 302 37,099,798 26.5
$150,001-$200,000....................................... 125 22,027,731 15.7
$200,001-$250,000....................................... 83 18,732,366 13.4
$250,001-$300,000....................................... 37 10,117,414 7.2
$300,001-$350,000....................................... 24 7,725,670 5.5
$350,001-$400,000....................................... 10 3,716,595 2.7
$400,001-$450,000....................................... 12 5,157,683 3.7
$450,001-$500,000....................................... 9 4,317,667 3.1
$550,001-$600,000....................................... 1 552,268 0.4
$950,001-$1,000,000..................................... 1 999,453 0.7
----- ------------ -----
Totals......................................... 1,028 $139,988,275 100.0%
===== ============ =====
</TABLE>
As of the Cut-off Date, the outstanding principal balances of the
Adjustable Rate Mortgage Loans in the Subsequent Mortgage Pool ranged from
approximately $20,493 to approximately $999,453 and the average outstanding
principal balance of the Adjustable Rate Mortgage Loans in the Subsequent
Mortgage Pool was approximately $136,175.
<PAGE>
Product Types for the Adjustable Rate Mortgage Loan Group
<TABLE>
<CAPTION>
Number of Aggregate Principal Percent of
Product Type Mortgage Loans Balance Outstanding Loan Group
------------ -------------- ------------------- ----------
<S> <C> <C> <C>
Six Month LIBOR Loan.......................... 7 $1,434,155 1.0%
1/29 Loan ............................... 24 4,709,128 3.4
2/28 Loan..................................... 544 77,471,137 55.3
3/27 Loan..................................... 418 52,769,589 37.7
5/25 Loan..................................... 35 3,604,266 2.6
----- ------------ -----
Totals......................... 1,028 $139,988,275 100.0%
===== ============ =====
</TABLE>
State Distributions of Mortgage Properties in the Adjustable Rate Mortgage
Loan Group
<TABLE>
<CAPTION>
Number of Aggregate Principal Percent of
State Mortgage Loans Balance Outstanding Loan Group
----- -------------- ------------------- ----------
<S> <C> <C> <C>
Arizona..................................... 19 $2,288,469 1.6%
California.................................. 157 34,182,972 24.4
Colorado.................................... 75 10,532,185 7.5
Connecticut................................. 8 1,258,830 0.9
Florida..................................... 90 11,480,704 8.2
Georgia..................................... 31 4,164,612 3.0
Idaho....................................... 1 70,376 0.1
Illinois.................................... 53 6,203,349 4.4
Indiana..................................... 25 2,076,872 1.5
Kentucky.................................... 6 705,908 0.5
Louisiana................................... 13 1,447,930 1.0
Maryland.................................... 6 786,976 0.6
Massachusetts............................... 16 2,704,622 1.9
Michigan.................................... 99 9,872,945 7.1
Minnesota................................... 39 4,337,598 3.1
Mississippi................................. 6 654,120 0.5
Missouri.................................... 41 3,020,241 2.2
Nevada...................................... 12 1,575,136 1.1
New Hampshire............................... 3 268,017 0.2
New Jersey.................................. 53 8,130,110 5.8
New Mexico.................................. 4 430,451 0.3
New York.................................... 44 8,516,056 6.1
North Carolina.............................. 21 2,464,169 1.8
Ohio........................................ 27 2,351,614 1.7
Oklahoma.................................... 6 442,724 0.3
Oregon...................................... 8 960,510 0.7
Pennsylvania................................ 10 891,841 0.6
Rhode Island................................ 5 408,265 0.3
South Carolina.............................. 23 2,315,388 1.7
South Dakota ............................... 1 55,229 0.0
Tennessee................................... 27 3,011,781 2.2
Texas....................................... 23 2,220,831 1.6
Utah........................................ 6 780,527 0.6
Vermont..................................... 3 596,762 0.4
Virginia.................................... 9 965,499 0.7
Washington.................................. 34 5,569,890 4.0
West Virginia............................... 1 130,353 0.1
Wisconsin................................... 23 2,114,409 1.5
----- ------------ -----
Totals.............................. 1,028 $139,988,275 100.0%
===== ============ =====
</TABLE>
No more than approximately 0.7% of the Adjustable Rate Mortgage Loans
in the Subsequent Mortgage Pool will be secured by mortgaged properties located
in any one zip code area.
<PAGE>
Loan-to-Value Ratios for the Adjustable Rate Mortgage Loan Group
<TABLE>
<CAPTION>
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............................. 27 $2,418,194 1.7%
55.01%-60.00%.............................. 6 1,240,741 0.9
60.01%-65.00%.............................. 17 3,845,421 2.7
65.01%-70.00%.............................. 115 17,816,348 12.7
70.01%-75.00%.............................. 167 21,382,639 15.3
75.01%-80.00%.............................. 402 56,402,871 40.3
80.01%-85.00%.............................. 187 23,681,176 16.9
85.01%-90.00%.............................. 104 12,767,047 9.1
90.01%-95.00%.............................. 3 433,838 0.3
----- ------------ -----
Totals............................ 1,028 $139,988,275 100.0%
===== ============ =====
</TABLE>
As of the Cut-off Date, the Loan-to-Value Ratios of the Adjustable Rate
Mortgage Loans in the Subsequent Mortgage Pool ranged from 21.81% to 95.00% and
the weighted average Loan-to- Value Ratio of the Adjustable Rate Mortgage Loans
in the Subsequent Mortgage Pool was approximately 78.13%.
Loan Purpose for the Adjustable Rate Mortgage Loan Group
<TABLE>
<CAPTION>
Number of Aggregate Principal Percent of
Loan Purpose Mortgage Loans Balance Outstanding Loan Group
------------ -------------- ------------------- ----------
<S> <C> <C> <C>
Purchase.................................... 534 $ 76,937,078 55.0%
Refinance--Rate/Term......................... 41 5,600,802 4.0
Refinance--Cashout........................... 453 57,450,395 41.0
----- ------------ -----
Totals............................. 1,028 $139,988,275 100.0%
===== ============ =====
</TABLE>
<PAGE>
Types of Mortgaged Properties for the Adjustable Rate Mortgage Loan Group
<TABLE>
<CAPTION>
Aggregate
Number of Principal Balance Percent of
Property Type Mortgage Loans Outstanding Loan Group
------------- -------------- ----------------- ----------
<S> <C> <C> <C>
Single-family Detached...................... 741 $97,985,490 70.0%
Two- to Four-Family Dwelling Unit........... 101 14,597,199 10.4
Planned Unit Development ................... 120 19,050,090 13.6
Condominium................................. 45 6,480,753 4.6
Manufactured Housing........................ 21 1,874,743 1.3
----- ------------ -----
Totals...................... 1,028 $139,988,275 100.0%
===== ============ =====
</TABLE>
Documentation Summary for the Adjustable Rate Mortgage Loan Group
<TABLE>
<CAPTION>
Aggregate Principal
Number of Balance Percent of
Documentation Mortgage Loans Outstanding Loan Group
------------- -------------- ------------------- ----------
<S> <C> <C> <C>
Full Documentation............................. 650 $80,075,288 57.2%
24 Month Bank Statement........................ 91 16,868,378 12.0
Reduced Documentation.......................... 21 4,675,294 3.3
Stated Documentation........................... 266 38,369,315 27.4
----- ------------ -----
Totals......................... 1,028 $139,988,275 100.0%
===== ============ =====
</TABLE>
Occupancy Types for the Adjustable Rate Mortgage Loan Group
<TABLE>
<CAPTION>
Number of Aggregate Principal Percent of
Occupancy Mortgage Loans Balance Outstanding Loan Group
--------- -------------- ------------------- ----------
<S> <C> <C> <C>
Owner-occupied................................ 929 $130,777,535 93.4%
Second Home................................... 16 2,071,284 1.5
Investment.................................... 83 7,139,456 5.1
----- ------------ -----
Totals........................ 1,028 $139,988,275 100.0%
===== ============ =====
</TABLE>
The information set forth above is based upon representations of the
related mortgagor at the time of origination.
<PAGE>
Mortgage Loan Age Summary for the Adjustable Rate Mortgage Loan Group
<TABLE>
<CAPTION>
Number of Aggregate Principal Percent of
Mortgage Loan Age (Months) Mortgage Loans Balance Outstanding Loan Group
-------------------------- -------------- ------------------- ----------
<S> <C> <C> <C>
0............................................. 192 $ 25,906,704 18.5%
1............................................. 831 113,392,258 81.0
2............................................. 5 689,312 0.5
----- ------------ -----
Totals........................ 1,028 $139,988,275 100.0%
===== ============ =====
</TABLE>
As of the Cut-off Date, the weighted average age of the Adjustable Rate
Mortgage Loans in the Subsequent Mortgage Pool was approximately 1 month.
Credit Grade Summary for the Adjustable Rate Mortgage Loan Group
<TABLE>
<CAPTION>
Number of Aggregate Principal Percent of
Credit Grade Mortgage Loans Balance Outstanding Loan Group
------------ -------------- ------------------- ----------
<S> <C> <C> <C>
AO............................................ 426 $ 63,841,802 45.6%
A-............................................ 351 46,535,059 33.2
B............................................. 148 18,589,469 13.3
B-............................................ 40 4,287,668 3.1
C............................................. 60 6,291,375 4.5
C-............................................ 3 442,902 0.3
---- ------------ -----
Totals........................ 1,028 $139,988,275 100.0%
===== ============ =====
</TABLE>
Year of Origination for the Adjustable Rate Mortgage Loan Group
<TABLE>
<CAPTION>
Number of Aggregate Principal Percent of
Year of Origination Mortgage Loans Balance Outstanding Loan Group
------------------- -------------- ------------------- ----------
<S> <C> <C> <C>
2000.......................................... 1,028 $139,988,275 100.0%
----- ------------ -----
Totals........................ 1,028 $139,988,275 100.0%
===== ============ =====
</TABLE>
<PAGE>
Maximum Mortgage Rates for the Adjustable Rate Mortgage Loan Group
<TABLE>
<CAPTION>
Range of Maximum Number of Aggregate Principal Percent of
Mortgage Rates Mortgage Loans Balance Outstanding Loan Group
-------------- -------------- ------------------- ----------
<S> <C> <C> <C>
13.500%-13.999%............................ 5 $ 756,320 0.5%
14.500%-14.999%............................ 6 1,153,513 0.8
15.000%-15.499% ........................... 15 2,565,192 1.8
15.500%-15.999% ........................... 59 11,601,545 8.3
16.000%-16.499% ........................... 81 12,898,415 9.2
16.500%-16.999% ........................... 171 26,028,183 18.6
17.000%-17.499% ........................... 151 20,820,874 14.9
17.500%-17.999% ........................... 230 29,853,712 21.3
18.000%-18.499% ........................... 143 16,171,975 11.6
18.500%-18.999% ........................... 116 12,296,998 8.8
19.000%-19.499% ........................... 37 4,130,836 3.0
19.500%-19.999% ........................... 11 1,279,996 0.9
20.000%-20.499% ........................... 1 125,973 0.1
20.500%-20.999% ........................... 2 304,742 0.2
----- ------------ -----
Totals............................ 1,028 $139,988,275 100.0%
===== ============ =====
</TABLE>
As of the Cut-off Date, the Maximum Mortgage Rates for the Adjustable
Rate Mortgage Loans in the Subsequent Mortgage Pool ranged from 13.500% per
annum to 20.990% per annum and the weighted average Maximum Mortgage Rate for
the Adjustable Rate Mortgage Loans in the Subsequent Mortgage Pool was 17.296%
per annum.
<PAGE>
Prepayment Penalties for the Adjustable Rate Mortgage Loan Group
<TABLE>
<CAPTION>
Number of Aggregate Principal Percent of
Prepayment Penalty Term Mortgage Loans Balance Outstanding Loan Group
----------------------- -------------- ------------------- ----------
<S> <C> <C> <C>
None.......................................... 372 $51,491,572 36.8%
12 months..................................... 4 330,497 0.2
24 months..................................... 269 44,412,934 31.7
36 months..................................... 317 38,504,348 27.5
60 months..................................... 66 5,248,925 3.7
----- ------------ -----
Totals........................ 1,028 $139,988,275 100.0%
===== ============ =====
</TABLE>
The weighted average prepayment penalty term with respect to the
Adjustable Rate Mortgage Loans in the Subsequent Mortgage Pool having prepayment
penalties is approximately 31 months. With respect to those Adjustable Rate
Mortgage Loans in the Subsequent Mortgage Pool (exclusive of the Adjustable Rate
Mortgage Loans in the Subsequent Mortgage Pool that were purchased by the Seller
under its Small Lender Program) which have prepayment penalties, approximately
82.8% of those mortgage loans are subject to a prepayment penalty which will
equal six months interest calculated on the basis of the rate in effect at the
time of the prepayment on the amount prepaid in excess of 20% of the original
principal balance of the mortgage loan.
Next Adjustment Date for the Adjustable Rate Mortgage Loan Group
<TABLE>
<CAPTION>
Number of Aggregate Principal Percent of
Next Adjustment Date Mortgage Loans Balance Outstanding Loan Group
-------------------- -------------- ------------------- ----------
<S> <C> <C> <C>
April 2001................................. 6 $970,155 0.7%
May 2001................................... 1 464,000 0.3
October 2001............................... 20 4,198,758 3.0
November 2001.............................. 4 510,370 0.4
September 2002............................. 1 89,936 0.1
October 2002............................... 428 61,433,207 43.9
November 2002.............................. 115 15,947,994 11.4
September 2003............................. 4 599,376 0.4
October 2003............................... 348 43,648,622 31.2
November 2003.............................. 66 8,521,590 6.1
October 2005............................... 29 3,141,516 2.2
November 2005.............................. 6 462,750 0.3
----- ------------ -----
Totals............................ 1,028 $139,988,275 100.0%
===== ============ =====
</TABLE>
<PAGE>
Credit Scores for the Adjustable Rate Mortgage Loan Group
<TABLE>
<CAPTION>
Range of Number of Aggregate Principal Percentage of
Credit Scores Mortgage Loans Balance Outstanding Loan Group
------------- -------------- ------------------- ----------
<S> <C> <C> <C>
Not Scored..................................... 7 $524,556 0.4%
475 to 500..................................... 6 669,953 0.5
501 to 550..................................... 218 26,225,379 18.7
551 to 600..................................... 280 35,523,305 25.4
601 to 650..................................... 246 35,834,562 25.6
651 to 700..................................... 182 27,310,729 19.5
701 to 750..................................... 66 10,106,430 7.2
751 to 795..................................... 23 3,793,361 2.7
----- ------------ -----
Totals................................. 1,028 $139,988,275 100.0%
===== ============ =====
</TABLE>
The Credit Scores of the Fixed Rate Mortgage Loans in the Subsequent
Mortgage Pool that were scored as of the Cut-off Date ranged from 475 to 795 and
the weighted average Credit Score of the Fixed Rate Mortgage Loans in the
Subsequent Mortgage Pool that were scored as of the Cut-off Date was
approximately 614.
