<PAGE>
FIXED RATE MORTGAGE LOAN GROUP
(STATISTICAL MORTGAGE POOL)
Mortgage Rates for the Fixed Rate Mortgage Loan Group(1)
<TABLE>
<CAPTION>
Range of Number of Aggregate Principal Percent of
Mortgage Rates Mortgage Loans Balance Outstanding Loan Group
-------------- -------------- ------------------- ----------
<S> <C> <C> <C>
6.000%-6.499%.............................. 1 $ 34,754 0.0%
6.500%-6.999%.............................. 4 233,874 0.2
7.000%-7.499%.............................. 6 442,743 0.3
7.500%-7.999%.............................. 42 4,471,577 3.3
8.000%-8.499%.............................. 62 6,045,552 4.5
8.500%-8.999%.............................. 152 14,533,642 10.8
9.000%-9.499%.............................. 148 13,284,348 9.8
9.500%-9.999%.............................. 272 26,483,498 19.6
10.000%-10.499%............................ 194 17,172,636 12.7
10.500%-10.999%............................ 260 20,767,645 15.4
11.000%-11.499%............................ 148 10,745,439 8.0
11.500%-11.999%............................ 144 11,208,806 8.3
12.000%-12.499%............................ 63 4,176,817 3.1
12.500%-12.999%............................ 38 3,456,873 2.6
13.000%-13.499%............................ 14 1,271,947 0.9
13.500%-13.999%............................ 4 258,840 0.2
14.000%-14.499%............................ 1 184,968 0.1
14.500%-14.999%............................ 4 239,600 0.2
------ ------------ -------
Totals .................. 1,557 $135,013,560 100.0%
====== ============ =======
</TABLE>
-----------
(1) As of the Cut-off Date, the interest rates (the "Mortgage Rates") borne
by the Fixed Rate Mortgage Loans in the Statistical Mortgage Pool
ranged from 6.075% per annum to 14.900% per annum and the weighted
average Mortgage Rate of the Fixed Rate Mortgage Loans in the
Statistical Mortgage Pool was approximately 10.123% per annum.
<PAGE>
Remaining Months to Stated Maturity for the Fixed Rate Mortgage Loan Group(1)
<TABLE>
<CAPTION>
Range of Number of Aggregate Principal Percent of
Remaining Terms (Months) Mortgage Loans Balance Outstanding Loan Group
--------------- -------------- ------------------- ----------
<S> <C> <C> <C>
109 to 120............................... 22 $ 907,348 0.7%
169 to 180............................... 938 81,330,662 60.2
229 to 240............................... 61 4,348,248 3.2
337 to 348............................... 1 62,404 0.0
349 to 360............................... 535 48,364,898 35.8
------ ------------ -----
Totals ..... 1,557 135,013,560 100.0%
====== ============ =====
</TABLE>
--------
(1) 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
115 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 245 months.
Original Mortgage Loan Principal Balances for the
Fixed Rate Mortgage Loan Group(1)
<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................................. 1,145 $ 65,687,945 48.7%
$100,001-$150,000................................ 231 28,264,403 20.9
$150,001-$200,000................................ 88 14,892,687 11.0
$200,001-$250,000................................ 48 10,704,894 7.9
$250,001-$300,000................................ 18 4,939,215 3.7
$300,001-$350,000................................ 11 3,605,633 2.7
$350,001-$400,000................................ 6 2,254,002 1.7
$400,001-$450,000................................ 2 853,726 0.6
$450,001-$500,000................................ 8 3,811,055 2.8
------ ------------ -----
Totals ................................. 1,557 $135,013,560 100.0%
====== ============ =====
</TABLE>
-----------
(1) As of the Cut-off Date, the outstanding principal balances of the Fixed
Rate Mortgage Loans in the Statistical Mortgage Pool ranged from
approximately $9,886 to approximately $499,990 and the average
outstanding principal balance of the Fixed Rate Mortgage Loans in the
Statistical Mortgage Pool was approximately $86,714.
<PAGE>
Product Types for the Fixed Rate Mortgage Loan Group
<TABLE>
<CAPTION>
Number of Aggregate Principal Percent of
Product Types Mortgage Loans Balance Outstanding Loan Group
------------- -------------- ------------------- ----------
<S> <C> <C> <C>
10 year Fixed..................................... 22 $ 907,348 0.7%
15 year Fixed..................................... 331 21,247,442 15.7
20 year Fixed..................................... 61 4,348,248 3.2
30 year Fixed..................................... 536 48,427,301 35.9
Balloon Loan...................................... 607 60,083,220 44.5
----- ------------ -----
Totals .................................. 1,557 $135,013,560 100.0%
===== ============ =====
</TABLE>
State Distributions of Mortgaged Properties in the
Fixed Rate Mortgage Loan Group(1)
<TABLE>
<CAPTION>
Number of Aggregate Principal Percent of
State Mortgage Loans Balance Outstanding Loan Group
----- -------------- ------------------- ----------
<S> <C> <C> <C>
Arizona..................................... 27 $ 2,218,187 1.6%
Arkansas.................................... 4 381,039 0.3
California.................................. 79 13,763,029 10.2
Colorado.................................... 27 2,921,635 2.2
Connecticut................................. 21 2,160,824 1.6
Delaware.................................... 2 166,123 0.1
District of Columbia........................ 7 814,329 0.6
Florida..................................... 360 28,878,877 21.4
Georgia..................................... 47 3,721,656 2.8
Illinois.................................... 47 3,772,384 2.8
Indiana..................................... 74 4,109,124 3.0
Iowa........................................ 5 172,453 0.1
Kansas...................................... 3 134,815 0.1
Kentucky.................................... 13 919,011 0.7
Louisiana................................... 50 3,618,352 2.7
Maine....................................... 1 53,952 0.0
Maryland.................................... 11 1,016,581 0.8
Massachusetts............................... 8 890,158 0.7
Michigan.................................... 81 5,516,539 4.1
Minnesota................................... 9 662,914 0.5
Mississippi................................. 15 1,134,546 0.8
Missouri.................................... 40 2,224,437 1.6
Montana..................................... 1 45,750 0.0
Nevada...................................... 2 149,779 0.1
New Hampshire............................... 2 244,661 0.2
New Jersey.................................. 44 4,016,348 3.0
New Mexico.................................. 6 338,688 0.3
New York.................................... 150 19,770,925 14.6
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Number of Aggregate Principal Percent of
State Mortgage Loans Balance Outstanding Loan Group
----- -------------- ------------------- ----------
<S> <C> <C> <C>
North Carolina.............................. 14 1,237,842 0.9
North Dakota................................ 2 71,752 0.1
Ohio........................................ 79 5,644,550 4.2
Oklahoma.................................... 10 798,911 0.6
Oregon...................................... 13 1,350,532 1.0
Pennsylvania................................ 27 1,815,448 1.3
Rhode Island................................ 7 485,883 0.4
South Carolina.............................. 25 1,455,528 1.1
South Dakota................................ 2 153,242 0.1
Tennessee................................... 161 11,190,277 8.3
Texas....................................... 22 1,478,528 1.1
Utah........................................ 2 395,436 0.3
Vermont..................................... 3 189,352 0.1
Virginia.................................... 26 2,473,487 1.8
Washington.................................. 7 1,118,242 0.8
West Virginia............................... 4 231,393 0.2
Wisconsin................................... 14 674,907 0.5
Wyoming..................................... 3 431,135 0.3
----- ------------ -----
Totals.............................. 1,557 $135,013,560 100.0%
===== ============ =====
</TABLE>
---------------
(1) 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.
<PAGE>
Loan-to-Value Ratios for the Fixed Rate Mortgage Loan Group(1)
<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............................. 174 $ 9,541,695 7.1%
50.01%-55.00%.............................. 66 5,411,931 4.0
55.01%-60.00%.............................. 136 11,573,544 8.6
60.01%-65.00%.............................. 129 13,006,600 9.6
65.01%-70.00%.............................. 249 21,174,987 15.7
70.01%-75.00%.............................. 215 18,234,387 13.5
75.01%-80.00%.............................. 342 32,221,057 23.9
80.01%-85.00%.............................. 160 15,111,828 11.2
85.01%-90.00%.............................. 81 8,172,666 6.1
90.01%-95.00%.............................. 5 564,864 0.4
----- ------------ -----
Totals.................................. 1,557 $135,013,560 100.0%
===== ============ =====
</TABLE>
---------------
(1) As of the Cut-off Date, the Loan-to-Value Ratios of the Fixed Rate
Mortgage Loans in the Statistical Mortgage Pool ranged from 11.30% to
95.00% and the weighted average Loan-to-Value Ratio of the Fixed Rate
Mortgage Loans in the Statistical Mortgage Pool was approximately 71.27%.
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..................................... 396 $ 36,369,055 26.9%
Refinance--Rate/Term......................... 111 9,946,577 7.4
Refinance--Cashout........................... 1,050 88,697,928 65.7
----- ------------ -----
Totals.................................... 1,557 $135,013,560 100.0%
===== ============ =====
</TABLE>
<PAGE>
Types of Mortgaged Properties for the Fixed Rate Mortgage Loan Group
<TABLE>
<CAPTION>
Number of Aggregate Principal Percent of
Property Types Mortgage Loans Balance Outstanding Loan Group
-------------- -------------- ------------------- ----------
<S> <C> <C> <C>
Single-family Detached...................... 1,174 $ 96,927,525 71.8%
Two- to Four-Family Dwelling Unit........... 157 16,438,803 12.2
Planned Unit Development.................... 98 11,584,287 8.6
Condominium................................. 56 4,356,817 3.2
Small Mixed Use............................. 19 2,908,691 2.2
Manufactured Housing........................ 53 2,797,437 2.1
----- ------------ -----
Totals.............................. 1,557 $135,013,560 100.0%
===== ============ =====
</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............................. 1,161 $ 95,832,466 71.0%
24 Month Bank Statement........................ 128 16,585,169 12.3
Reduced Documentation.......................... 27 2,932,742 2.2
Stated Documentation........................... 241 19,663,183 14.6
----- ------------ -----
Totals................................. 1,557 $135,013,560 100.0%
===== ============ =====
</TABLE>
<PAGE>
Occupancy Types for the Fixed Rate Mortgage Loan Group(1)
<TABLE>
<CAPTION>
Number of Aggregate Principal Percent of
Occupancy Mortgage Loans Balance Outstanding Loan Group
--------- -------------- ------------------- ----------
<S> <C> <C> <C>
Owner-occupied................................ 1,350 $120,057,512 88.9%
Second Home................................... 13 760,856 0.6
Investment.................................... 194 14,195,193 10.5
----- ------------ -----
Totals................................ 1,557 $135,013,560 100.0%
===== ============ =====
</TABLE>
---------------
(1) Based upon representations of the related Mortgagor at the time of
origination.
Mortgage Loan Age Summary for the Fixed Rate Mortgage Loan Group(1)
<TABLE>
<CAPTION>
Number of Aggregate Principal Percent of
Mortgage Loan Age (Months) Mortgage Loans Balance Outstanding Loan Group
-------------------------- -------------- ------------------- ----------
<S> <C> <C> <C>
0............................................. 439 $ 36,665,595 27.2%
1............................................. 434 37,761,089 28.0
2............................................. 597 52,628,659 39.0
3............................................. 62 5,456,725 4.0
4............................................. 7 525,608 0.4
5............................................. 14 1,686,712 1.2
6............................................. 1 92,140 0.1
7............................................. 2 134,627 0.1
20............................................ 1 62,404 0.0
----- ------------ -----
Totals ............................... 1,557 $135,013,560 100.0%
===== ============ =====
</TABLE>
---------------
(1) 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 Grades Mortgage Loans Balance Outstanding Loan Group
------------- -------------- ------------------- ----------
<S> <C> <C> <C>
AO............................................ 727 $ 67,894,748 50.3%
A-............................................ 467 40,526,881 30.0
B............................................. 227 18,557,842 13.7
B-............................................ 55 3,067,695 2.3
C............................................. 77 4,819,228 3.6
C-............................................ 4 147,166 0.1
----- ------------ -----
Totals................................ 1,557 $135,013,560 100.0%
===== ============ =====
</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>
1998.......................................... 1 $ 62,404 0.0%
1999.......................................... 17 1,913,479 1.4
2000.......................................... 1,539 133,037,677 98.5
----- ------------ -----
Totals................................ 1,557 $135,013,560 100.0%
===== ============ =====
</TABLE>
<PAGE>
Prepayment Penalties for the Fixed Rate Mortgage Loan Group(1)
<TABLE>
<CAPTION>
Number of Aggregate Principal Percent of
Prepayment Penalty Term Mortgage Loans Balance Outstanding Loan Group
----------------------- -------------- ------------------- ----------
<S> <C> <C> <C>
None ...................................... 265 $ 20,317,761 15.0%
12 months..................................... 136 17,984,098 13.3
24 months..................................... 27 3,134,247 2.3
36 months..................................... 542 43,608,837 32.3
60 months..................................... 587 49,968,618 37.0
----- ------------ -----
Totals................................ 1,557 $135,013,560 100.0%
===== ============ =====
</TABLE>
---------------
(1) The weighted average prepayment penalty term with respect to the Fixed
Rate Mortgage Loans in the Statistical Mortgage Pool having prepayment
penalties is approximately 42 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 that were purchased
by the Seller under its Small Lender Program) which have prepayment
penalties, 85.5% 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 such prepayment on the amount prepaid in
excess of 20% of the original principal balance of such mortgage loan.
Credit Scores for the Fixed Rate Mortgage Loan Group(1)
<TABLE>
<CAPTION>
Range of Number of Aggregate Principal Percentage of
Credit Score Mortgage Loans Balance Outstanding Loan Group
------------ -------------- ------------------- ----------
<S> <C> <C> <C>
Not Scored..................................... 22 $ 1,593,180 1.2%
496 to 500..................................... 4 240,232 0.2
501 to 550..................................... 198 15,413,244 11.4
551 to 600..................................... 466 39,005,731 28.9
601 to 650..................................... 404 35,556,953 26.3
651 to 700..................................... 289 28,478,228 21.1
701 to 750..................................... 132 10,697,017 7.9
751 to 797..................................... 42 4,028,975 3.0
----- ------------ -----
Totals................................. 1,557 $135,013,560 100.0%
===== ============ =====
</TABLE>
----------
(1) 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 496 to
797 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 622.
<PAGE>
ADJUSTABLE RATE LOAN GROUP
(STATISTICAL MORTGAGE POOL)
Current Mortgage Rates for the Adjustable Rate Mortgage Loan Group(1)
<TABLE>
<CAPTION>
Range of Number of Aggregate Principal Percent of
Mortgage Rates Mortgage Loans Balance Outstanding Loan Group
-------------- -------------- ------------------- ----------
<S> <C> <C> <C>
6.500%-6.999%.............................. 1 $ 152,736 0.0%
7.000%-7.499%.............................. 5 544,782 0.2
7.500%-7.999%.............................. 25 3,820,071 1.2
8.000%-8.499%.............................. 57 9,522,034 2.9
8.500%-8.999%.............................. 220 33,501,630 10.3
9.000%-9.499%.............................. 275 37,984,646 11.7
9.500%-9.999%.............................. 467 59,406,343 18.3
10.000%-10.499%............................ 410 48,900,131 15.0
10.500%-10.999%............................ 492 58,902,991 18.1
11.000%-11.499%............................ 304 33,015,660 10.2
11.500%-11.999%............................ 250 26,322,941 8.1
12.000%-12.499%............................ 96 8,484,591 2.6
12.500%-12.999%............................ 35 3,030,383 0.9
13.000%-13.499%............................ 6 610,903 0.2
13.500%-13.999%............................ 2 217,754 0.1
14.000%-14.499%............................ 2 343,983 0.1
14.500-14.999%............................. 1 249,921 0.1
----- ------------ -----
Totals ........................... 2,648 $325,011,501 100.0%
===== ============ =====
</TABLE>
-----------
(1) As of the Cut-off Date, the current Mortgage Rates borne by the
Adjustable Rate Mortgage Loans in the Statistical Mortgage Pool ranged
from 6.750% annum to 14.650% annum and the weighted average Mortgage
Rate borne by the Adjustable Rate Mortgage Loans in the Statistical
Mortgage Pool was approximately 10.176% annum.
<PAGE>
Remaining Months to Stated Maturity for the
Adjustable Rate Mortgage Loan Group(1)
<TABLE>
<CAPTION>
Range of Number of Aggregate Principal Percent of
Remaining Terms (Months) Mortgage Loans Balance Outstanding Loan Group
--------------- -------------- ------------------- ----------
<S> <C> <C> <C>
349 to 360............................... 2,648 $325,011,501 100.0%
----- ------------ -----
Totals ......................... 2,648 $325,011,501 100.0%
===== ============ =====
</TABLE>
-----------
(1) 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 351 months to 360 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(1)
<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>
Up to $100,000............................. 1,333 $ 87,920,152 27.1%
$100,001-$150,000.......................... 659 80,504,955 24.8
$150,001-$200,000.......................... 311 53,786,496 16.5
$200,001-$250,000.......................... 151 34,011,854 10.5
$250,001-$300,000.......................... 69 18,889,469 5.8
$300,001-$350,000.......................... 45 14,885,674 4.6
$350,001-$400,000.......................... 25 9,337,306 2.9
$400,001-$450,000.......................... 26 11,052,290 3.4
$450,001-$500,000.......................... 24 11,443,105 3.5
$500,001-$550,000.......................... 2 1,029,546 0.3
$550,001-$600,000.......................... 1 556,000 0.2
$700,001-$750,000.......................... 1 750,000 0.2
$800,001-$850,000.......................... 1 844,656 0.3
----- ------------ -----
Totals ........................... 2,648 $325,011,501 100.0%
===== ============ =====
</TABLE>
-----------
(1) As of the Cut-off Date, the outstanding principal balances of the
Adjustable Rate Mortgage Loans in the Statistical Mortgage Pool ranged
from approximately $9,363 to approximately $844,656 and the average
outstanding principal balance of the Adjustable Rate Mortgage Loans in
the Statistical Mortgage Pool was approximately $122,738.
<PAGE>
Product Types for the Adjustable Rate Mortgage Loan Group
<TABLE>
<CAPTION>
Number of Aggregate Principal Percent of
Product Types Mortgage Loans Balance Outstanding Loan Group
------------- -------------- ------------------- ----------
<S> <C> <C> <C>
Six Month LIBOR Loan ......................... 14 $ 2,231,247 0.7%
1/29 Loan..................................... 53 7,787,086 2.4
2/28 Loan..................................... 1,447 180,861,621 55.6
3/27 Loan..................................... 1,044 123,787,563 38.1
5/25 Loan..................................... 90 10,343,984 3.2
----- ------------ -----
Totals .............................. 2,648 $325,011,501 100.0%
===== ============ =====
</TABLE>
State Distributions of Mortgaged Properties in the
Adjustable Rate Mortgage Loan Group(1)
<TABLE>
<CAPTION>
Number of Aggregate Principal Percent of
State Mortgage Loans Balance Outstanding Loan Group
----- -------------- ------------------- ----------
<S> <C> <C> <C>
Arizona..................................... 63 $ 6,235,329 1.9%
Arkansas.................................... 2 190,012 0.1
California.................................. 295 58,763,537 18.1
Colorado.................................... 174 23,112,047 7.1
Connecticut................................. 33 5,281,787 1.6
Delaware.................................... 5 609,792 0.2
District of Columbia........................ 3 738,285 0.2
Florida..................................... 320 35,577,675 10.9
Georgia..................................... 83 10,777,103 3.3
Hawaii...................................... 2 272,571 0.1
Idaho....................................... 6 405,626 0.1
Illinois.................................... 142 17,287,267 5.3
Indiana..................................... 46 3,980,185 1.2
Iowa........................................ 1 76,374 0.0
Kansas...................................... 6 678,978 0.2
Kentucky.................................... 14 1,523,992 0.5
Louisiana................................... 19 1,547,428 0.5
Maine....................................... 1 49,600 0.0
Maryland.................................... 23 3,136,440 1.0
Massachusetts............................... 45 6,971,142 2.1
Michigan.................................... 290 26,240,725 8.1
Minnesota................................... 61 6,017,161 1.9
Mississippi................................. 9 872,068 0.3
Missouri.................................... 78 6,381,971 2.0
Nebraska.................................... 2 60,845 0.0
Nevada...................................... 7 873,896 0.3
New Hampshire............................... 2 180,601 0.1
New Jersey.................................. 99 13,658,851 4.2
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Number of Aggregate Principal Percent of
State Mortgage Loans Balance Outstanding Loan Group
----- -------------- ------------------- ----------
<S> <C> <C> <C>
New Mexico.................................. 12 1,849,656 0.6
New York.................................... 102 18,028,258 5.5
North Carolina.............................. 36 4,749,415 1.5
North Dakota................................ 3 101,795 0.0
Ohio........................................ 113 10,472,343 3.2
Oklahoma.................................... 12 1,199,478 0.4
Oregon...................................... 30 4,235,113 1.3
Pennsylvania................................ 35 3,323,270 1.0
Rhode Island................................ 12 1,163,298 0.4
South Carolina.............................. 33 3,557,645 1.1
Tennessee................................... 131 11,343,997 3.5
Texas....................................... 85 8,989,288 2.8
Utah........................................ 18 2,211,395 0.7
Vermont..................................... 10 1,087,430 0.3
Virginia.................................... 23 2,613,411 0.8
Washington.................................. 64 10,525,584 3.2
West Virginia............................... 3 299,842 0.1
Wisconsin................................... 94 7,690,991 2.4
Wyoming..................................... 1 68,000 0.0
----- ------------ -----
Totals.............................. 2,648 $325,011,501 100.0%
===== ============ =====
</TABLE>
---------------
(1) No more than approximately 0.4% of the Adjustable Rate Mortgage Loans in
the Statistical 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(1)
<TABLE>
<CAPTION>
Number of Aggregate Principal Percent of
Range of Loan-to-Value Ratio Mortgage Loans Balance Outstanding Loan Group
---------------------------- -------------- ------------------- ----------
<S> <C> <C> <C>
50.00% or less............................. 80 $ 7,594,585 2.3%
50.01%-55.00%.............................. 35 3,608,819 1.1
55.01%-60.00%.............................. 89 11,383,582 3.5
60.01%-65.00%.............................. 94 12,322,409 3.8
65.01%-70.00%.............................. 417 45,479,839 14.0
70.01%-75.00%.............................. 394 48,093,671 14.8
75.01%-80.00%.............................. 830 110,459,732 34.0
80.01%-85.00%.............................. 423 51,545,562 15.9
85.01%-90.00%.............................. 280 33,740,532 10.4
90.01%-95.00%.............................. 6 782,770 0.2
----- ------------ -----
Totals.................................. 2,648 $325,011,501 100.0%
===== ============ =====
</TABLE>
---------------
(1) As of the Cut-off Date, the Loan-to-Value Ratios of the Adjustable Rate
Mortgage Loans in the Statistical Mortgage Pool ranged from 14.00% to
95.00% and the weighted average Loan-to-Value Ratio of the Adjustable Rate
Mortgage Loans in the Statistical Mortgage Pool was approximately 76.89%.
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.................................... 1,303 $159,659,342 49.1%
Refinance--Rate/Term......................... 129 17,135,866 5.3
Refinance--Cashout........................... 1,216 148,216,293 45.6
----- ------------ -----
Totals................................... 2,648 $325,011,501 100.0%
===== ============ =====
</TABLE>
<PAGE>
Types of Mortgaged Properties for the Adjustable Rate Mortgage Loan Group
<TABLE>
<CAPTION>
Number of Aggregate Principal Percent of
Property Types Mortgage Loans Balance Outstanding Loan Group
-------------- -------------- ------------------- ----------
<S> <C> <C> <C>
Single-family Detached...................... 2,001 $240,263,595 73.9%
Two- to Four-Family Dwelling Unit........... 240 29,177,111 9.0
Planned Unit Development.................... 261 40,015,751 12.3
Condominium................................. 98 11,445,513 3.5
Manufactured Housing........................ 48 4,109,532 1.3
----- ------------ -----
Totals.............................. 2,648 $325,011,501 100.0%
===== ============ =====
</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............................. 1,774 $205,263,373 63.2%
24 Month Bank Statement........................ 285 44,816,852 13.8
Reduced Documentation.......................... 67 12,005,327 3.7
Stated Documentation........................... 522 62,925,950 19.4
----- ------------ ------
Totals................................. 2,648 $325,011,501 100.0%
===== ============ =====
</TABLE>
<PAGE>
Occupancy Types for the Adjustable Rate Mortgage Loan Group(1)
<TABLE>
<CAPTION>
Number of Aggregate Principal Percent of
Occupancy Mortgage Loans Balance Outstanding Loan Group
--------- -------------- ------------------- ----------
<S> <C> <C> <C>
Owner-occupied................................ 2,343 $297,698,154 91.6%
Second Home................................... 34 4,049,709 1.2
Investment.................................... 271 23,263,639 7.2
----- ------------ -----
Totals................................ 2,648 $325,011,501 100.0%
===== ============ =====
</TABLE>
---------------
(1) Based upon representations of the related Mortgagor at the time of
origination.
Mortgage Loan Age Summary for the Adjustable Rate Mortgage Loan Group(1)
<TABLE>
<CAPTION>
Number of Aggregate Principal Percent of
Mortgage Loan Age (Months) Mortgage Loans Balance Outstanding Loan Group
-------------------------- -------------- ------------------- ----------
<S> <C> <C> <C>
0............................................. 803 $100,901,329 31.0%
1............................................. 823 102,462,153 31.5
2............................................. 973 114,925,541 35.4
3............................................. 36 4,935,482 1.5
4............................................. 5 674,597 0.2
5............................................. 5 683,216 0.2
8............................................. 2 339,526 0.1
9............................................. 1 89,658 0.0
----- ------------ -----
Totals................................ 2,648 $325,011,501 100.0%
===== ============ =====
</TABLE>
---------------
(1) 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 Grades Mortgage Loans Balance Outstanding Loan Group
------------- -------------- ------------------- ----------
<S> <C> <C> <C>
AO............................................ 1,053 $135,892,535 41.8%
A-............................................ 850 106,860,644 32.9
B............................................. 438 51,958,145 16.0
B-............................................ 111 12,347,422 3.8
C............................................. 177 15,938,191 4.9
C- ........................................... 19 2,014,565 0.6
----- ------------ -----
Totals................................ 2,648 $325,011,501 100.0%
===== ============ =====
</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.......................................... 8 $ 1,112,399 0.3%
2000.......................................... 2,640 323,899,102 99.7
----- ------------ -----
Totals................................ 2,648 $325,011,501 100.0%
===== ============ =====
</TABLE>
<PAGE>
Maximum Mortgage Rates for the Adjustable Rate Mortgage Loan Group(1)
<TABLE>
<CAPTION>
Range of Number of Aggregate Principal Percent of
Mortgage Rates Mortgage Loans Balance Outstanding Loan Group
-------------- -------------- ------------------- ----------
<S> <C> <C> <C>
13.500%-13.999%............................ 1 $ 152,736 0.0%
14.000%-14.499%............................ 5 544,782 0.2
14.500%-14.999%............................ 28 4,729,086 1.5
15.000%-15.499%............................ 57 9,522,034 2.9
15.500%-15.999%............................ 219 32,828,502 10.1
16.000%-16.499%............................ 280 38,507,651 11.8
16.500%-16.999%............................ 467 59,442,852 18.3
17.000%-17.499%............................ 406 48,545,072 14.9
17.500%-17.999%............................ 491 58,753,595 18.1
18.000%-18.499%............................ 303 32,847,715 10.1
18.500%-18.999%............................ 249 26,199,941 8.1
19.000%-19.499%............................ 96 8,484,591 2.6
19.500%-19.999%............................ 35 3,030,383 0.9
20.000%-20.499%............................ 6 610,903 0.2
20.500%-20.999%............................ 2 217,754 0.1
21.000%-21.499%............................ 2 343,983 0.1
21.500%-21.999%............................ 1 249,921 0.1
----- ------------ -----
Totals............................... 2,648 $325,011,501 100.0%
===== ============ =====
</TABLE>
---------------
(1) As of the Cut-off Date, the Maximum Mortgage Rates for the Adjustable Rate
Mortgage Loans in the Statistical Mortgage Pool ranged from 13.750% per
annum to 21.650% per annum and the weighted average Maximum Mortgage Rate
for the Adjustable Rate Mortgage Loans in the Statistical Mortgage Pool
was approximately 17.169% per annum.
<PAGE>
Prepayment Penalties for the Adjustable Rate Mortgage Loan Group(1)
<TABLE>
<CAPTION>
Number of Aggregate Principal Percent of
Prepayment Penalty Term Mortgage Loans Balance Outstanding Loan Group
----------------------- -------------- ------------------- ----------
<S> <C> <C> <C>
None ......................................... 901 $110,129,361 33.9%
12 months..................................... 12 1,428,809 0.4
24 months..................................... 733 99,621,690 30.7
36 months..................................... 864 99,088,475 30.5
60 months..................................... 138 14,743,166 4.5
----- ------------ -----
Totals................................ 2,648 $325,011,501 100.0%
===== ============ =====
</TABLE>
---------------
(1) The weighted average prepayment penalty term with respect to the
Adjustable Rate Mortgage Loans in the Statistical Mortgage Pool having
prepayment penalties is approximately 32 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 80.8% 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 such
prepayment on the amount prepaid in excess of 20% of the original
principal balance of such mortgage loan.
<PAGE>
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>
October 2000............................... 5 $ 1,149,102 0.4%
November 2000.............................. 5 708,144 0.2
December 2000.............................. 4 374,000 0.1
April 2001................................. 24 2,871,717 0.9
May 2001................................... 13 2,399,795 0.7
June 2001.................................. 16 2,575,575 0.8
September 2001............................. 1 89,658 0.0
October 2001............................... 1 207,180 0.1
January 2002............................... 5 683,216 0.2
February 2002.............................. 3 555,721 0.2
March 2002................................. 16 1,797,193 0.6
April 2002................................. 531 61,908,778 19.0
May 2002................................... 456 57,725,538 17.8
June 2002.................................. 434 57,894,337 17.8
October 2002............................... 1 132,345 0.0
February 2003.............................. 1 33,517 0.0
March 2003................................. 19 3,080,633 0.9
April 2003................................. 379 44,744,651 13.8
May 2003................................... 316 37,980,191 11.7
June 2003.................................. 328 37,816,225 11.6
February 2005.............................. 1 85,359 0.0
March 2005................................. 1 57,657 0.0
April 2005................................. 34 4,251,292 1.3
May 2005................................... 33 3,708,485 1.1
June 2005.................................. 21 2,241,192 0.7
----- ------------ -----
Totals.................................. 2,648 $325,011,501 100.0%
===== ============ =====
</TABLE>
<PAGE>
Credit Scores for the Adjustable Rate Mortgage Loan Group(1)
<TABLE>
<CAPTION>
Range of Number of Aggregate Principal Percentage of
Credit Scores Mortgage Loans Balance Outstanding Loan Group
------------- -------------- ------------------- ----------
<S> <C> <C> <C>
Not Scored..................................... 41 $ 3,208,768 1.0
491 to 500..................................... 10 1,976,144 0.6
501 to 550..................................... 420 46,420,196 14.3
551 to 600..................................... 791 99,147,460 30.5
601 to 650..................................... 738 92,033,108 28.3
651 to 700..................................... 446 58,987,964 18.1
701 to 750..................................... 150 17,389,294 5.4
751 to 797..................................... 52 5,848,567 1.8
----- ------------ -----
Totals................................. 2,648 $325,011,501 100.0%
===== ============ =====
</TABLE>
---------
(1) 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 491 to
797 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 612.
