<PAGE>
Fixed Rate Mortgage Loan Group
(Initial Mortgage Loans)
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>
6.500%-6.999%.............................. 1 $102,500 0.1%
7.000%-7.499%.............................. 3 183,835 0.2
7.500%-7.999%.............................. 29 1,987,590 1.7
8.000%-8.499%.............................. 31 2,830,732 2.4
8.500%-8.999%.............................. 106 9,186,924 7.6
9.000%-9.499%.............................. 86 8,973,280 7.5
9.500%-9.999%.............................. 229 20,869,497 17.4
10.000%-10.499%............................ 178 13,658,908 11.4
10.500%-10.999%............................ 271 21,821,329 18.2
11.000%-11.499%............................ 176 14,540,175 12.1
11.500%-11.999%............................ 187 14,448,776 12.0
12.000%-12.499%............................ 77 5,549,326 4.6
12.500%-12.999%............................ 52 3,828,963 3.2
13.000%-13.499%............................ 20 1,094,293 0.9
13.500%-13.999%............................ 12 906,089 0.8
14.000%-14.499%............................ 4 133,324 0.1
----- ------------ -----
Totals ................ 1,462 $120,115,540 100.0%
===== ============ =====
</TABLE>
As of the Cut-off Date, Mortgage Rates borne by the Fixed Rate Mortgage
Loans in the Statistical Mortgage Pool ranged from 6.950% per annum to 14.375%
per annum and the weighted average Mortgage Rate of the Initial Fixed Rate
Mortgage Loans in the Statistical Mortgage Pool was approximately 10.460% 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............................... 30 $1,108,469 0.9%
133 to 144............................... 1 37,694 0.0
169 to 180............................... 817 65,472,677 54.5
229 to 240............................... 56 3,332,821 2.8
349 to 360............................... 558 50,163,879 41.8
------ ------------ -----
Totals ..... 1,462 $120,115,540 100.0%
====== ============ =====
</TABLE>
As of the Cut-off Date, the remaining terms to stated maturity of the
Fixed Rate Mortgage Loans in the Statistical Mortgage Pool ranged from 117
months to 360 months and the weighted average remaining term to stated maturity
of the Fixed Rate Mortgage Loans in the Statistical Mortgage Pool was
approximately 255 months.
Original Mortgage Loan Principal Balances for the
Fixed Rate Mortgage Loan Group
<TABLE>
<CAPTION>
Range of Original Mortgage Number of Aggregate Principal Percent of
Loan Principal Balances Mortgage Loans Balance Outstanding Loan Group
----------------------- -------------- ------------------- ----------
<S> <C> <C> <C>
$100,000 or less................................ 1,107 $60,142,209 50.1%
$100,001-$150,000............................... 194 23,493,067 19.6
$150,001-$200,000............................... 84 14,321,928 11.9
$200,001-$250,000............................... 38 8,523,740 7.1
$250,001-$300,000............................... 15 4,246,006 3.5
$300,001-$350,000............................... 12 3,924,960 3.3
$350,001-$400,000............................... 4 1,516,317 1.3
$400,001-$450,000............................... 4 1,660,969 1.4
$450,001-$500,000............................... 2 960,946 0.8
$550,001-$600,000............................... 1 599,727 0.5
$700,001-$750,000............................... 1 725,670 0.6
------ ------------ -----
Totals .............................. 1,462 $120,115,540 100.0%
====== ============ =====
</TABLE>
<PAGE>
As of the Cut-off Date, the outstanding principal balances of the Fixed
Rate Mortgage Loans in the Statistical Mortgage Pool ranged from approximately
$11,000 to approximately $725,670 and the average outstanding principal balance
of the Fixed Rate Mortgage Loans in the Statistical Mortgage Pool was
approximately $82,158.
Product Types for the Fixed Rate Mortgage Loan Group
<TABLE>
<CAPTION>
Number of Aggregate Principal Percent of
Product Type Mortgage Loans Balance Outstanding Loan Group
------------ -------------- ------------------- ----------
<S> <C> <C> <C>
10 year Fixed.................................. 30 $1,108,469 0.9%
12 year Fixed.................................. 1 37,694 0.0
15 year Fixed.................................. 301 16,493,642 13.7
20 year Fixed.................................. 56 3,332,821 2.8
30 year Fixed.................................. 558 50,163,879 41.8
Balloon Loan................................... 516 48,979,035 40.8
----- ------------ -----
Totals................................ 1,462 $120,115,540 100.0%
===== ============ =====
</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..................................... 33 $2,872,873 2.4%
Arkansas.................................... 3 170,962 0.1
California.................................. 62 8,568,664 7.1
Colorado.................................... 14 1,424,613 1.2
Connecticut................................. 11 1,373,868 1.1
Delaware.................................... 2 171,144 0.1
District of Columbia........................ 5 462,445 0.4
Florida..................................... 278 19,722,617 16.4
Georgia..................................... 49 3,345,239 2.8
Hawaii...................................... 1 267,000 0.2
Idaho....................................... 1 78,742 0.1
Illinois.................................... 64 4,766,579 4.0
Indiana..................................... 78 4,150,143 3.5
Iowa........................................ 3 160,845 0.1
Kansas...................................... 2 48,114 0.0
Kentucky.................................... 14 974,224 0.8
Louisiana................................... 54 3,199,582 2.7
Maine....................................... 2 97,300 0.1
Maryland.................................... 6 526,474 0.4
Massachusetts............................... 12 1,266,147 1.1
Michigan.................................... 80 5,300,612 4.4
Minnesota................................... 8 451,405 0.4
Mississippi................................. 8 403,456 0.3
Missouri.................................... 47 2,165,966 1.8
Nebraska.................................... 3 299,195 0.2
Nevada...................................... 4 448,740 0.4
New Hampshire............................... 1 44,756 0.0
New Jersey.................................. 41 4,328,669 3.6
New Mexico.................................. 4 394,945 0.3
New York.................................... 181 23,578,130 19.6
North Carolina.............................. 17 1,095,776 0.9
Ohio........................................ 76 4,441,893 3.7
Oklahoma.................................... 10 405,008 0.3
Oregon...................................... 10 1,164,837 1.0
Pennsylvania................................ 39 2,518,873 2.1
Rhode Island................................ 5 385,630 0.3
South Carolina.............................. 23 1,301,356 1.1
Tennessee................................... 119 9,191,792 7.7
Texas....................................... 26 1,996,130 1.7
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Number of Aggregate Principal Percent of
State Mortgage Loans Balance Outstanding Loan Group
----- -------------- ------------------- ----------
<S> <C> <C> <C>
Utah........................................ 5 486,491 0.4
Vermont..................................... 2 113,279 0.1
Virginia.................................... 26 2,375,410 2.0
Washington.................................. 18 2,735,967 2.3
West Virginia............................... 1 46,151 0.0
Wisconsin................................... 12 689,426 0.6
Wyoming..................................... 2 104,071 0.1
----- ------------ -----
Totals.............................. 1,462 $120,115,540 100.0%
===== ============ =====
</TABLE>
No more than approximately 0.6% of the Fixed Rate Mortgage Loans in the
Statistical 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............................. 203 $10,186,087 8.5%
50.01%-55.00%.............................. 58 4,138,421 3.4
55.01%-60.00%.............................. 110 9,673,651 8.1
60.01%-65.00%.............................. 129 11,236,158 9.4
65.01%-70.00%.............................. 186 15,355,998 12.8
70.01%-75.00%.............................. 215 19,841,873 16.5
75.01%-80.00%.............................. 294 26,575,479 22.1
80.01%-85.00%.............................. 180 14,994,346 12.5
85.01%-90.00%.............................. 80 7,567,350 6.3
90.01%-95.00%.............................. 7 546,177 0.5
------ ------------ -----
Totals............................ 1,462 $120,115,540 100.0%
</TABLE>
As of the Cut-off Date, the Loan-to-Value Ratios of the Fixed Rate
Mortgage Loans in the Statistical Mortgage Pool ranged from 8.57% to 95.00% and
the weighted average Loan-to- Value Ratio of the Fixed Rate Mortgage Loans in
the Statistical Mortgage Pool was approximately 71.29%.
<PAGE>
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.................................... 336 $30,856,065 25.7%
Refinance--Rate/Term......................... 97 8,176,361 6.8
Refinance--Cashout........................... 1,029 81,083,114 67.5
------ ------------ ------
Totals............................. 1,462 $120,115,540 100.0%
====== ============ ======
</TABLE>
Types of Mortgaged Properties for the Fixed Rate Mortgage Loan Group
<TABLE>
<CAPTION>
Number of Aggregate Principal Percent of
Property Type Mortgage Loans Balance Outstanding Loan Group
------------- -------------- ------------------- ----------
<S> <C> <C> <C>
Single-family Detached........................ 1,085 $85,854,921 71.5%
Two- to Four-Family Dwelling Unit............. 169 17,587,829 14.6
Planned Unit Development...................... 65 7,352,462 6.1
Condominium................................... 57 3,246,213 2.7
Small Mixed Use............................... 14 2,303,589 1.9
Manufactured Housing.......................... 72 3,770,526 3.1
------ ------------ ------
Totals........................ 1,462 $120,115,540 100.0%
====== ============ ======
</TABLE>
Documentation Summary for the Fixed Rate Mortgage Loan Group
<TABLE>
<CAPTION>
Number of Aggregate Principal Percent of
Documentation Mortgage Loans Balance Outstanding Loan Group
------------- -------------- ------------------- ----------
<S> <C> <C> <C>
Full Documentation............................. 1,100 $87,129,856 72.5%
24 Month Bank Statement........................ 111 12,312,997 10.3
Reduced Documentation.......................... 30 3,206,210 2.7
Stated Documentation........................... 221 17,466,478 14.5
------ ------------ ------
Totals......................... 1,462 $120,115,540 100.0%
====== ============ ======
</TABLE>
<PAGE>
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................................ 1,273 $108,046,878 90.0%
Second Home................................... 12 990,514 0.8
Investment.................................... 177 11,078,147 9.2
------ ------------ ------
Totals........................ 1,462 $120,115,540 100.0%
====== ============ ======
</TABLE>
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............................................. 408 $34,637,525 28.8%
1 ............................................ 424 35,310,921 29.4
2............................................. 480 38,463,379 32.0
3............................................. 60 4,284,594 3.6
4............................................. 51 4,373,322 3.6
5............................................. 22 1,886,854 1.6
6............................................. 15 1,041,641 0.9
9............................................. 1 69,465 0.1
10............................................ 1 47,838 0.0
------ ------------ -----
Totals........................ 1,462 $120,115,540 100.0%
====== ============ =====
</TABLE>
As of the Cut-off Date, the weighted average age of the Fixed Rate
Mortgage Loans in the Statistical Mortgage Pool was approximately 1 month.
<PAGE>
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............................................ 630 $55,010,793 45.8%
A-............................................ 456 38,063,890 31.7
B............................................. 229 17,131,954 14.3
B-............................................ 57 4,383,468 3.6
C............................................. 86 5,344,067 4.4
C-............................................ 4 181,368 0.2
------ ------------ ------
Totals........................ 1,462 $120,115,540 100.0%
====== ============ ======
</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>
1999.......................................... 2 $ 117,303 0.1%
2000.......................................... 1,460 119,998,237 99.9
------ --------------- ------
Totals........................ 1,462 $120,115,540 100.0%
====== =============== ======
</TABLE>
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 ..................................... 285 $22,013,939 18.3%
12 months..................................... 158 21,037,678 17.5
24 months..................................... 26 1,959,697 1.6
36 months..................................... 437 32,455,308 27.0
60 months..................................... 556 42,648,919 35.5
------ ------------ ------
Totals........................ 1,462 $120,115,540 100.0%
====== ============ ======
</TABLE>
<PAGE>
The weighted average prepayment penalty term with respect to the Fixed
Rate Mortgage Loans in the Statistical Mortgage Pool having prepayment penalties
is approximately 41 months. With respect to those Fixed Rate Mortgage Loans in
the Statistical Mortgage Pool (exclusive of the Fixed Rate Mortgage Loans in the
Statistical Mortgage Pool purchased by the Seller under its Small Lender
Program) which have prepayment penalties, 85.7% 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..................................... 16 $987,523 0.8%
489 to 500..................................... 8 610,563 0.5
501 to 550..................................... 190 15,929,044 13.3
551 to 600..................................... 424 32,954,873 27.4
601 to 650..................................... 436 36,782,344 30.6
651 to 700..................................... 238 20,256,349 16.9
701 to 750..................................... 106 8,328,483 6.9
751 to 800..................................... 43 4,221,362 3.5
801 to 806..................................... 1 45,000 0.0
------ ------------ ------
Totals................................. 1,462 $120,115,540 100.0%
====== ============ ======
</TABLE>
The Credit Scores of the Fixed Rate Mortgage Loans in the Statistical
Mortgage Pool that were scored as of the Cut-off Date ranged from 489 to 806 and
the weighted average Credit Score of the Fixed Rate Mortgage Loans in the
Statistical Mortgage Pool that were scored as of the Cut-off Date was
approximately 618.
<PAGE>
Adjustable Rate Mortgage Loan Group
(Initial Mortgage Loans)
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>
6.000%-6.499%.............................. 2 $291,500 0.1%
6.500%-6.999%.............................. 1 99,000 0.0
7.000%-7.499%.............................. 5 839,420 0.2
7.500%-7.999%.............................. 18 2,562,976 0.6
8.000%-8.499%.............................. 42 6,125,976 1.5
8.500%-8.999%.............................. 185 28,186,557 6.7
9.000%-9.499%.............................. 276 41,142,525 9.8
9.500%-9.999%.............................. 608 86,366,109 20.6
10.000%-10.499%............................ 497 65,111,934 15.5
10.500%-10.999%............................ 670 84,220,270 20.1
11.000%-11.499%............................ 460 48,594,039 11.6
11.500%-11.999%............................ 341 34,978,312 8.3
12.000%-12.499%............................ 139 13,804,797 3.3
12.500%-12.999%............................ 56 5,292,361 1.3
13.000%-13.499%............................ 18 2,041,568 0.5
13.500%-13.999%............................ 2 95,862 0.0
14.000%-14.499%............................ 2 259,333 0.1
------- ------------ ------
Totals............................ 3,322 $420,012,540 100.0%
======= ============ ======
</TABLE>
As of the Cut-off Date, the current Mortgage Rates borne by the Initial
Adjustable Rate Mortgage Loans in the Statistical Mortgage Pool ranged from
6.450% per annum to 14.375% per annum and the weighted average Mortgage Rate
borne by the Adjustable Rate Mortgage Loans in the Statistical Mortgage Pool was
approximately 10.325% 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>
229 to 240............................... 1 $99,793 0.0%
349 to 360............................... 3,319 419,466,197 99.9
361 to 372............................... 2 446,550 0.1
------- ------------ ------
Totals.................... 3,322 $420,012,540 100.0%
</TABLE>
As of the Cut-off Date, the remaining terms to stated maturity of the
Adjustable Rate Mortgage Loans in the Statistical Mortgage Pool ranged from 238
months to 361 months and the weighted average remaining term to stated maturity
of the Adjustable Rate Mortgage Loans in the Statistical Mortgage Pool was
approximately 359 months.
Original Mortgage Loan Principal Balances for the Adjustable Rate Mortgage
<TABLE>
<CAPTION>
Range of Original Mortgage Number of Aggregate Principal Percent of
Loan Principal Balances Mortgage Loans Balance Outstanding Loan Group
----------------------- -------------- ------------------- ----------
<S> <C> <C> <C>
$100,000 or less..................................... 1,582 $103,992,196 24.8%
$100,001-$150,000.................................... 834 101,747,041 24.2
$150,001-$200,000.................................... 424 73,665,606 17.5
$200,001-$250,000.................................... 222 49,880,725 11.9
$250,001-$300,000.................................... 112 30,749,095 7.3
$300,001-$350,000.................................... 59 19,251,293 4.6
$350,001-$400,000.................................... 39 14,546,007 3.5
$400,001-$450,000.................................... 18 7,737,672 1.8
$450,001-$500,000.................................... 24 11,712,587 2.8
$600,001-$650,000.................................... 1 632,257 0.2
$700,001-$750,000.................................... 3 2,182,607 0.5
$900,001-$950,000.................................... 1 916,185 0.2
$950,001-$1,000,000.................................. 3 2,999,268 0.7
------ ------------ ------
Totals...................................... 3,322 $420,012,540 100.0%
====== ============ ======
</TABLE>
<PAGE>
As of the Cut-off Date, the outstanding principal balances of the
Adjustable Rate Mortgage Loans in the Statistical Mortgage Pool ranged from
approximately $13,750 to approximately $1,000,000 and the average outstanding
principal balance of the Adjustable Rate Mortgage Loans in the Statistical
Mortgage Pool was approximately $126,434.
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.......................... 12 $1,868,236 0.4%
1/29 Loan ............................... 56 7,936,780 1.9
2/28 Loan..................................... 1,887 247,861,181 59.0
3/17 Loan..................................... 1 99,793 0.0
3/27 Loan..................................... 1,289 153,416,830 36.5
5/25 Loan..................................... 77 8,829,720 2.1
------ ------------ ------
Totals......................... 3,322 $420,012,540 100.0%
====== ============ ======
</TABLE>
<PAGE>
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..................................... 89 $10,320,782 2.5%
Arkansas.................................... 6 417,871 0.1
California.................................. 492 95,382,262 22.7
Colorado.................................... 203 29,117,413 6.9
Connecticut................................. 50 8,592,666 2.0
Delaware.................................... 4 519,150 0.1
Florida..................................... 357 41,470,104 9.9
Georgia..................................... 77 10,535,897 2.5
Idaho....................................... 6 778,288 0.2
Illinois.................................... 166 16,797,209 4.0
Indiana..................................... 68 4,608,918 1.1
Iowa........................................ 5 329,223 0.1
Kansas...................................... 5 816,090 0.2
Kentucky.................................... 27 2,574,687 0.6
Louisiana................................... 41 4,390,624 1.0
Maine....................................... 1 66,000 0.0
Maryland.................................... 23 3,702,339 0.9
Massachusetts............................... 43 7,313,064 1.7
Michigan.................................... 312 30,696,862 7.3
Minnesota................................... 120 12,859,325 3.1
Mississippi................................. 25 2,046,318 0.5
Missouri.................................... 142 11,337,560 2.7
Montana..................................... 6 843,396 0.2
Nebraska.................................... 2 111,619 0.0
Nevada...................................... 26 3,011,832 0.7
New Hampshire............................... 10 1,556,440 0.4
New Jersey.................................. 90 12,732,707 3.0
New Mexico.................................. 12 1,180,326 0.3
New York.................................... 99 16,454,079 3.9
North Carolina.............................. 44 4,644,150 1.1
North Dakota................................ 4 207,946 0.0
Ohio........................................ 115 10,826,325 2.6
Oklahoma.................................... 21 1,924,492 0.5
Oregon...................................... 37 5,036,084 1.2
Pennsylvania................................ 45 4,295,690 1.0
Rhode Island................................ 12 1,275,216 0.3
South Carolina.............................. 51 4,809,314 1.1
Tennessee................................... 131 12,108,358 2.9
Texas....................................... 106 13,460,640 3.2
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Number of Aggregate Principal Percent of
State Mortgage Loans Balance Outstanding Loan Group
----- -------------- ------------------- ----------
<S> <C> <C> <C>
Utah........................................ 18 2,741,132 0.7
Vermont..................................... 9 1,146,824 0.3
Virginia.................................... 39 5,090,238 1.2
Washington.................................. 89 14,831,735 3.5
West Virginia............................... 4 197,082 0.0
Wisconsin................................... 87 6,565,883 1.6
Wyoming..................................... 3 288,381 0.1
------ ------------ ------
Totals.............................. 3,322 $420,012,540 100.0%
====== ============ ======
</TABLE>
No more than approximately 0.5% of the Adjustable Rate Mortgage Loans
in the Statistical Mortgage Pool will be secured by mortgaged properties located
in any one zip code area.
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............................. 122 $11,273,975 2.7%
50.01%-55.00%.............................. 43 5,781,645 1.4
55.01%-60.00%.............................. 108 13,798,005 3.3
60.01%-65.00%.............................. 121 14,222,328 3.4
65.01%-70.00%.............................. 442 53,565,725 12.8
70.01%-75.00%.............................. 486 56,409,879 13.4
75.01%-80.00%.............................. 1,103 154,304,294 36.7
80.01%-85.00%.............................. 533 64,260,071 15.3
85.01%-90.00%.............................. 352 45,143,858 10.7
90.01%-95.00%.............................. 12 1,252,759 0.3
------ ------------ ------
Totals............................ 3,322 $420,012,540 100.0%
====== ============ ======
</TABLE>
As of the Cut-off Date, the Loan-to-Value Ratios of the Adjustable Rate
Mortgage Loans in the Statistical Mortgage Pool ranged from 13.74% to 95.00% and
the weighted average Loan- to-Value Ratio of the Adjustable Rate Mortgage Loans
in the Statistical Mortgage Pool was approximately 76.94%.
<PAGE>
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.................................... 1,722 $229,037,605 54.5%
Refinance--Rate/Term......................... 128 16,743,949 4.0
Refinance--Cashout........................... 1,472 174,230,987 41.5
------ ------------ ------
Totals............................. 3,322 $420,012,540 100.0%
====== ============ ======
</TABLE>
Types of Mortgaged Properties for the Adjustable Rate Mortgage Loan Group
<TABLE>
<CAPTION>
Number of Aggregate Principal Percent of
Property Type Mortgage Loans Balance Outstanding Loan Group
------------- -------------- ------------------- ----------
<S> <C> <C> <C>
Single-family Detached........................ 2,610 $326,016,218 77.6%
Two- to Four-Family Dwelling Unit............. 234 26,831,615 6.4
Planned Unit Development ..................... 283 49,113,854 11.7
Condominium................................... 122 12,602,695 3.0
Manufactured Housing.......................... 73 5,448,158 1.3
------ ------------ ------
Totals........................ 3,322 $420,012,540 100.0%
====== ============ ======
</TABLE>
Documentation Summary for the Adjustable Rate Mortgage Loan Group
<TABLE>
<CAPTION>
Number of Aggregate Principal Percent of
Documentation Mortgage Loans Balance Outstanding Loan Group
------------- -------------- ------------------- ----------
<S> <C> <C> <C>
Full Documentation............................. 2,185 $255,012,700 60.7%
24 Month Bank Statement........................ 284 48,097,631 11.5
Reduced Documentation.......................... 102 18,591,792 4.4
Stated Documentation........................... 751 98,310,418 23.4
------ ------------ -----
Totals......................... 3,322 $420,012,540 100.0%
====== ============ =====
</TABLE>
<PAGE>
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................................ 2,995 $391,499,395 93.2%
Second Home................................... 47 4,284,830 1.0
Investment.................................... 280 24,228,316 5.8
------ ------------ ------
Totals........................ 3,322 $420,012,540 100.0%
====== ============ ======
</TABLE>
The information set forth above is based upon representations of the
related mortgagor at the time of origination.
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............................................. 1,068 $140,104,784 33.4%
1............................................. 955 119,264,858 28.4
2............................................. 1,102 138,684,953 33.0
3............................................. 157 17,614,408 4.2
4............................................. 12 1,135,938 0.3
5............................................. 16 1,759,482 0.4
6............................................. 9 992,969 0.2
7............................................. 2 156,640 0.0
8............................................. 1 298,509 0.1
------ ------------ ------
Totals........................ 3,322 $420,012,540 100.0%
====== ============ ======
</TABLE>
As of the Cut-off Date, the weighted average age of the Adjustable Rate
Mortgage Loans in the Statistical Mortgage Pool was approximately 1 month.
<PAGE>
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............................................ 1,285 $177,702,720 42.3%
A-............................................ 1,059 140,185,364 33.4
B............................................. 543 61,080,991 14.5
B-............................................ 167 18,608,324 4.4
C............................................. 252 20,936,861 5.0
C-............................................ 16 1,498,281 0.4
------ ------------ ------
Totals........................ 3,322 $420,012,540 100.0%
====== ============ ======
</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>
1999.......................................... 1 $298,509 0.1%
2000.......................................... 3,321 419,714,031 99.9
------ ------------ ------
Totals........................ 3,322 $420,012,540 100.0%
====== ============ ======
</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>
13.000%-13.499%............................ 2 $291,500 0.1%
13.500%-13.999%............................ 1 99,000 0.0
14.000%-14.499%............................ 7 1,144,346 0.3
14.500%-14.999%............................ 20 3,104,966 0.7
15.000%-15.499%............................ 43 6,170,558 1.5
15.500%-15.999%............................ 189 28,374,146 6.8
16.000%-16.499%............................ 279 41,636,233 9.9
16.500%-16.999%............................ 614 86,710,234 20.6
17.000%-17.499%............................ 494 64,458,500 15.3
17.500%-17.999%............................ 658 83,146,566 19.8
18.000%-18.499%............................ 457 48,404,258 11.5
18.500%-18.999%............................ 342 35,062,221 8.3
19.000%-19.499%............................ 139 13,804,797 3.3
19.500%-19.999%............................ 55 5,208,453 1.2
20.000%-20.499%............................ 19 2,091,551 0.5
20.500%-20.999%............................ 2 95,862 0.0
21.000%-21.499%............................ 1 209,350 0.0
------- ------------ ------
Totals............................ 3,322 $420,012,540 100.0%
======= ============ ======
</TABLE>
As of the Cut-off Date, the Maximum Mortgage Rates for the Adjustable
Rate Mortgage Loans in the Statistical Mortgage Pool ranged from 13.450% per
annum to 21.000% per annum and the weighted average Maximum Mortgage Rate for
the Adjustable Rate Mortgage Loans in the Statistical Mortgage Pool was 17.315%
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.......................................... 1,015 $127,861,964 30.4%
12 months..................................... 14 1,691,349 0.4
24 months..................................... 945 136,768,830 32.6
36 months..................................... 1,196 139,110,103 33.1
60 months..................................... 152 14,580,295 3.5
------ ------------ ------
Totals........................ 3,322 $420,012,540 100.0%
====== ============ ======
</TABLE>
The weighted average prepayment penalty term with respect to the
Adjustable Rate Mortgage Loans in the Statistical Mortgage Pool having
prepayment penalties is approximately 31 months. With respect to those
Adjustable Rate Mortgage Loans in the Statistical Mortgage Pool (exclusive of
the Adjustable Rate Mortgage Loans in the Statistical Mortgage Pool that were
purchased by the Seller under its Small Lender Program) which have prepayment
penalties, approximately 81.7% 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>
January 2001............................... 6 $728,131 0.2%
February 2001.............................. 4 646,613 0.2
March 2001................................. 3 792,000 0.2
June 2001.................................. 2 411,946 0.1
July 2001.................................. 16 1,832,631 0.4
August 2001................................ 21 2,608,645 0.6
September 2001............................. 16 2,785,050 0.7
March 2002................................. 3 245,029 0.1
April 2002................................. 7 955,780 0.2
May 2002................................... 10 973,726 0.2
June 2002.................................. 68 7,697,983 1.8
July 2002.................................. 600 76,802,791 18.3
August 2002................................ 560 73,507,867 17.5
September 2002............................. 637 87,231,455 20.8
October 2002............................... 2 446,550 0.1
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Number of Aggregate Principal Percent of
Next Adjustment Date Mortgage Loans Balance Outstanding Loan Group
-------------------- -------------- ------------------- ----------
<S> <C> <C> <C>
February 2003.............................. 2 156,640 0.0
March 2003................................. 6 747,940 0.2
April 2003................................. 9 803,702 0.2
May 2003................................... 2 162,212 0.0
June 2003.................................. 83 9,305,054 2.2
July 2003.................................. 452 56,127,446 13.4
August 2003................................ 343 39,284,375 9.4
September 2003............................. 393 46,929,254 11.2
June 2005.................................. 4 199,425 0.0
July 2005.................................. 29 3,492,463 0.8
August 2005................................ 27 3,217,356 0.8
September 2005............................. 17 1,920,475 0.5
------ ------------ ------
Totals............................ 3,322 $420,012,540 100.0%
====== ============ ======
</TABLE>
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..................................... 24 $2,027,715 0.5%
464 to 500..................................... 8 661,897 0.2
501 to 550..................................... 632 71,042,746 16.9
551 to 600..................................... 931 117,971,135 28.1
601 to 650..................................... 839 109,087,781 26.0
651 to 700..................................... 607 80,389,761 19.1
701 to 750..................................... 205 28,347,126 6.7
751 to 800..................................... 76 10,484,379 2.5
------ ------------ ------
Totals................................. 3,322 $420,012,540 100.0%
====== ============ ======
</TABLE>
The Credit Scores of the Adjustable Rate Mortgage Loans in the
Statistical Mortgage Pool that were scored as of the Cut-off Date ranged from
464 to 800 and the weighted average Credit Score of the Adjustable Rate Mortgage
Loans in the Statistical Mortgage Pool that were scored as of the Cut-off Date
was approximately 614.
