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Previous: GREENWICH CAPITAL ACCEPTANCE INC, 8-K, 2000-10-30 |
Next: GREENWICH CAPITAL ACCEPTANCE INC, 8-K, 2000-10-30 |
This information is furnished to you solely by Greenwich Capital Markets, Inc.
and not by the issuer of the securities or any of its affiliates. Greenwich
Capital Markets, Inc. is acting as Underwriter and not acting as Agent for the
issuer or its affiliates in connection with the proposed
transaction.
This Preliminary Term Sheet is provided for information purposes only, and does
not constitute an offer to sell, nor a solicitation of an offer to buy, the
referenced securities. It does not purport to be all-inclusive or to contain
all of the information that a prospective investor may require to make a
full analysis of the transaction. All amounts are approximate and subject
to change. The information contained herein supersedes information contained
in any prior term sheet for this transaction. In addition, the information
contained herein will be superseded by information contained in term sheets
circulated after the date hereof and by information contained in the Prospectus
and Prospectus Supplement for this transaction. An offering may be made only
through the delivery of the Prospectus and Prospectus Supplement.
Preliminary Term Sheet Date Prepared: October 26, 2000
HSBC MORTGAGE CORPORATION (USA)
Mortgage Pass-Through Certificates, Series 2000-HSBC1
HSBC
$389,122,000 (Approximate, Subject to Final Collateral)
Publicly Offered Certificates
5/1 Jumbo Adjustable Rate Residential Mortgage Loans
GREENWICH CAPITAL
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See Disclaimer on Page 1 of this Preliminary Term Sheet
1
<PAGE>
The information contained herein has been prepared solely for the use of
Greenwich Capital Markets, Inc. and has not been independently verified by
Greenwich Capital Markets, Inc. Accordingly, Greenwich Capital Markets, Inc.
makes no express or implied representations or warranties of any kind and
expressly disclaims all liability for any use or misuse of the contents hereof.
Greenwich Capital Markets, Inc. assumes no responsibility for the
accuracy of any material contained herein.
The information contained herein will be superseded by the description of the
mortgage loans contained in the prospectus supplement. Such information
supersedes the information in all prior collateral term sheets, if any.
All Amounts Subject to Change
Preliminary Information
Data as of the Cut-off Date
HSBC MORTGAGE CORPORATION
MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2000-HSBC1
Aggregate Outstanding Current Principal Balance $ 395,049,897.23
Aggregate Outstanding Original Principal Balance $ 396,071,189.00
Number of Loans 1,067
<TABLE>
<CAPTION>
AVERAGE MIN MAX
------- --- ---
<S> <C> <C> <C>
Average Outstanding Current Principal Balance $370,243.58 $248,136.32 $998,619.10
Average Outstanding Original Principal Balance $371,200.74 $252,800.00 $1,000,000.00
</TABLE>
<TABLE>
<CAPTION>
WEIGHTED MIN MAX
-------- --- ---
AVERAGE
-------
<S> <C> <C> <C>
Weighted Average Gross Coupon 7.866 % 7.125% 8.875 %
Weighted Average Gross Margin 2.878 % 2.750% 3.125 %
Weighted Average Maximum Interest Rate 13.866 % 13.125% 14.875 %
Weighted Average Minimum Interest Rate 2.878 % 2.750% 3.125 %
Weighted Average Periodic Rate Cap 2.000 % 2.000% 2.000 %
Weighted Average First Rate Cap 2.000 % 2.000% 2.000 %
Weighted Average Original LTV 75.20 % 16.53% 95.00 %
Weighted Average FICO Score 735 574 818
Weighted Average Original Term 360 months 180 months 360 months
Weighted Average Remaining Term 356 months 176 months 359 months
Weighted Average Seasoning 4 months 1 months 12 months
Weighted Average Months to Roll 56 months 48 months 59 months
Weighted Average Rate Adjustment Frequency 12 months 12 months 12 months
Weighted Average First Rate Adjustment Frequency 60 months 60 months 60 months
Top State Concentrations($) 26.41% California, 10.26% Illinois, 9.75% Virginia
Maximum ZIP Code Concentrations($) 1.71% 95129 (San Jose, CA)
MIN MAX
--- ---
First Pay Date Dec 01, 1999 Nov 01, 2000
Rate Change Date Nov 01, 2004 Oct 01, 2005
Maturity Date Jul 01, 2015 Oct 01, 2030
Note: All "Current" information reflects information as of the Cut-off Date.
GREENWICH CAPITAL 10
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</TABLE>
<PAGE>
<TABLE>
<CAPTION>
HSBC MORTGAGE CORPORATION
MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2000-HSBCl
% of Aggregate Principal
Range of Outstanding Principal Number of Outstanding Principal Balance Balance Outstanding
Balance as of the Cut-off Date($) Mortgage Loans As of the Cut-off Date as of the Cut-off Date
--------------------------------- -------------- ----------------------------- ----------------------
<S> <C> <C> <C> <C>
248,136.32 - 250,000.00 1 $ 248,136.32 0.06%
250,000.01 - 300,000.00 327 91,684,611.29 23.21
300,000.01 - 350,000.00 246 79,669,109.16 20.17
350,000.01 - 400,000.00 190 71,387,880.05 18.07
400,000.01 - 450,000.00 100 42,566,609.99 10.77
450,000.01 - 500,000.00 88 42,125,084.45 10.66
500,000.01 - 550,000.00 40 21,107,767.86 5.34
550,000.01 - 600,000.00 39 22,484,471.17 5.69
600,000.01 - 650,000.00 33 21,082,992.73 5.34
700,000.01 - 750,000.00 1 723,454.97 0.18
950,000.01 - 998,619.10 2 1,969,779.24 0.50
- -------------- -----
TOTAL 1,067 $ 395,049,897.23 100.00%
========================== ============== ============================= ======================
% of Aggregate Principal
Number of Outstanding Principal Balance Balance Outstanding
Gross Coupon (%) Mortgage Loans As of the Cut-off Date as of the Cut-off Date
------------------------------ -------------- ----------------------------- ----------------------
7.125 - 7.250 18 $ 6,274,452.54 1.59%
7.251 - 7.500 110 40,492,405.60 10.25
7.501 - 7.750 273 100,850,906.36 25.53
7.751 - 8.000 463 173,645,330.65 43.96
8.001 - 8.250 171 63,335,669.18 16.03
8.251 - 8.500 25 7,831,695.73 1.98
8.501 - 8.750 6 2,254,513.54 0.57
8.751 - 8.875 1 364,923.63 0.09
- ------------- -----
TOTAL 1,067 $ 395,049,897.23 100.00%
================ ============== ============================= ======================
% of Aggregate Principal
Number of Outstanding Principal Balance Balance Outstanding
Gross Margin (%) Mortgage Loans As of the Cut-off Date as of the Cut-off Date
------------------------------ -------------- ----------------------------- ----------------------
2.750 1 $ 278,589.91 0.07%
2.875 1,048 387,805,549.97 98.17
3.000 15 4,272,523.14 1.08
3.125 3 2,693,234.21 0.68
- -------------- -----
TOTAL 1,067 $ 395,049,897.23 100.00%
================ ============== ============================= ======================
% of Aggregate Principal
Number of Outstanding Principal Balance Balance Outstanding
Maximum Interest Rate (%) Mortgage Loans As of the Cut-off Date as of the Cut-off Date
------------------------------ -------------- ----------------------------- ----------------------
13.125 - 13.250 18 $ 6,274,452.54 1.59%
13.251 - 13.500 110 40,492,405.60 10.25
13.501 - 13.750 273 100,850,906.36 25.53
13.751 - 14.000 463 173,645,330.65 43.96
14.001 - 14.250 171 63,335,669.18 16.03
14.251 - 14.500 25 7,831,695.73 1.98
14.501 - 14.750 6 2,254,513.54 0.57
14.751 - 14.875 1 364,923.63 0.09
- -------------- -----
TOTAL 1,067 $ 395,049,897.23 100.00%
================ ============== ============================= ======================
GREENWICH CAPITAL
-------------------------------------------------------------------------------
See Disclaimer on Page 10 of these Marketing Materials.
</TABLE>
<TABLE>
<CAPTION>
% of Aggregate Principal
Number of Outstanding Principal Balance Balance Outstanding
Minimum Interest Rate (%) Mortgage Loans As of the Cut-off Date as of the Cut-off Date
------------------------------ -------------- ----------------------------- ----------------------
<S> <C> <C> <C> <C>
2.750 - 2.750 1 $ 278,589.91 0.07%
2.751 - 3.000 1,063 392,078,073.11 99.25
3.001 - 3.125 3 2,693,234.21 0.68
- -------------- -----
TOTAL 1,067 $ 395,049,897.23 100.00%
================ ============== ============================= ======================
% of Aggregate Principal
Number of Outstanding Principal Balance Balance Outstanding
FICO Score Mortgage Loans As of the Cut-off Date as of the Cut-off Date
------------------------------ -------------- ----------------------------- ----------------------
574 - 600 2 $ 967,660.30 0.24%
601 - 650 36 13,772,840.51 3.49
651 - 700 182 67,417,686.27 17.07
701 - 750 386 144,594,736.41 36.60
751 - 800 450 164,366,703.88 41.61
801 - 818 11 3,930,269.86 0.99
-- -------------- -----
TOTAL 1,067 $ 395,049,897.23 100.00%
================ ============== ============================= ======================
% of Aggregate Principal
Number of Outstanding Principal Balance Balance Outstanding
Rate Change Date Mortgage Loans As of the Cut-off Date as of the Cut-off Date
------------------------------ -------------- ----------------------------- ----------------------
11/01/04 1 $ 298,288.07 0.08%
01/01/05 1 298,044.36 0.08
02/01/05 1 342,062.00 0.09
03/01/05 5 1,786,779.95 0.45
04/01/05 10 3,447,964.88 0.87
05/01/05 72 25,530,579.59 6.46
06/01/05 234 83,801,973.49 21.21
07/01/05 245 90,025,896.69 22.79
08/01/05 224 83,840,951.14 21.22
09/01/05 266 102,472,301.02 25.94
10/01/05 8 3,205,056.04 0.81
- -------------- -----
TOTAL 1,067 $ 395,049,897.23 100.00%
================ ============== ============================= ======================
% of Aggregate Principal
Number of Outstanding Principal Balance Balance Outstanding
Original Term (Months) Mortgage Loans As of the Cut-off Date as of the Cut-off Date
------------------------------ -------------- ----------------------------- ----------------------
180 1 $ 445,985.71 0.11%
352 1 424,666.44 0.11
360 1,065 394,179,245.08 99.78
----- -------------- -----
TOTAL 1,067 $ 395,049,897.23 100.00%
================ ============== ============================= ======================
% of Aggregate Principal
Number of Outstanding Principal Balance Balance Outstanding
Remaining Term (Months) Mortgage Loans As of the Cut-off Date as of the Cut-off Date
------------------------------ -------------- ----------------------------- ----------------------
176 - 180 1 $ 445,985.71 0.11%
337 - 348 1 298,288.07 0.08
349 -359 1,065 394,305,623.45 99.81
----- -------------- -----
TOTAL 1,067 $ 395,049,897.23 100.00%
================ ============== ============================= ======================
GREENWICH CAPITAL 12
-----------------
See Disclaimer on Page 10 of these Marketing Materials.
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------------------------------------------------
% of Aggregate Principal
Number of Outstanding Principal Balance Balance Outstanding
Seasoning (Months) Mortgage Loans As of the Cut-off Date as of the Cut-off Date
------------------ -------------- ---------------------- ----------------------
<S> <C> <C> <C>
1 - 12 1,067 $ 395,049,897.23 100.00 %
TOTAL 1,067 $ 395,049,897.23 100.00 %
================================ ================= ================================ =========================
% of Aggregate Principal
Number of Outstanding Principal Balance Balance Outstanding
Original LTV (%) Mortgage Loans As of the Cut-off Date as of the Cut-off Date
================ ============== ====================== ======================
16.53 - 20.00 2 $ 786,840.38 0.20 %
20.01 - 25.00 1 299,788.26 0.08
25.01 - 30.00 1 603,400.82 0.15
30.01 - 35.00 5 1,717,872.19 0.43
35.01 - 40.00 4 1,445,301.10 0.37
40.01 - 45.00 12 3,945,946.23 1.00
45.01 - 50.00 14 5,175,973.35 1.31
50.01 - 55.00 22 9,269,431.88 2.35
55.01 - 60.00 34 12,890,847.65 3.26
60.01 - 65.00 51 20,574,424.10 5.21
65.01 - 70.00 67 25,526,324.16 6.46
70.01 - 75.00 104 41,819,786.33 10.59
75.01 - 80.00 670 246,343,361.89 62.36
80.01 - 85.00 10 3,349,674.92 0.85
85.01 - 90.00 54 16,765,614.22 4.24
90.01 - 95.00 16 4,535,309.75 1.15
-- ------------ ----
TOTAL 1,067 $ 395,049,897.23 100.00 %
================================ ================= ================================ =========================
% of Aggregate Principal
Number of Outstanding Principal Balance Balance Outstanding
Occupancy Mortgage Loans As of the Cut-off Date as of the Cut-off Date
--------- -------------- ----------------------------- -----------------------
Primary 1,034 $ 381,247,486.40 96.51 %
Second Home 33 13,802,410.83 3.49
-- ------------ ----
TOTAL 1,067 $ 395,049,897.23 100.00 %
================================ ================= ================================ =========================
% of Aggregate Principal
Number of Outstanding Principal Balance Balance Outstanding
Property Type Mortgage Loans As of the Cut-off Date as of the Cut-off Date
------------- -------------- ----------------------------- -----------------------
Single Family 692 $ 261,097,270.17 66.09 %
PUD 293 104,805,880.91 26.53
Condominium 70 24,802,710.50 6.28
Two-Four Family 12 4,344,035.65 1.10
-- ------------ ----
TOTAL 1,067 $ 395,049,897.23 100.00 %
================================ ================= ================================ =========================
% of Aggregate Principal
Number of Outstanding Principal Balance Balance Outstanding
Purpose Mortgage Loans As of the Cut-off Date as of the Cut-off Date
------- -------------- ----------------------------- -----------------------
Purchase 952 $ 350,721,417.39 88.78 %
Rate/Term Refinance 67 26,055,584.10 6.60
Cash Out Refinance 47 17,848,229.30 4.52
Construction Permanent 1 424,666.44 0.11
-- ------------ ----
TOTAL 1,067 $ 395,049,897.23 100.00 %
================================ ================= ================================ =========================
GREENWICH CAPITAL 13
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See Disclaimer on Page 10 of these Marketing Materials.
<PAGE>
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% of Aggregate Principal
Number of Outstanding Principal Balance Balance Outstanding
States Mortgage Loans As of the Cut-off Date as of the Cut-off Date
------ -------------- ----------------------------- -----------------------
Alabama 17 $ 5,427,706.93 1.37 %
Arizona 8 2,919,839.68 0.74
California 256 104,329,097.91 26.41
Colorado 32 11,341,417.81 2.87
Connecticut 19 8,100,318.97 2.05
Delaware 2 763,390.99 0.19
District of Columbia 13 4,987,676.99 1.26
Florida 19 7,002,057.83 1.77
Georgia 54 19,416,184.86 4.91
Illinois 116 40,522,415.94 10.26
Indiana 4 1,118,746.47 0.28
Kansas 2 675,546.43 0.17
Kentucky 1 304,568.07 0.08
Maine 2 1,076,453.84 0.27
Maryland 43 14,647,920.50 3.71
Massachusetts 43 16,985,271.60 4.30
Michigan 52 18,420,550.96 4.66
Minnesota 5 1,793,650.19 0.45
Missouri 13 5,310,015.90 1.34
Nebraska 1 292,908.27 0.07
Nevada 2 761,824.13 0.19
New Hampshire 1 248,136.32 0.06
New Jersey 22 7,499,593.35 1.90
New Mexico 1 418,785.16 0.11
New York 15 5,630,600.96 1.43
North Carolina 55 19,365,481.12 4.90
Ohio 24 8,505,608.61 2.15
Oregon 5 2,286,902.22 0.58
Pennsylvania 3 908,721.17 0.23
Rhode Island 1 309,432.57 0.08
South Carolina 12 4,773,001.09 1.21
Tennessee 3 1,036,838.55 0.26
Texas 44 16,522,779.79 4.18
Utah 3 864,450.93 0.22
Virginia 111 38,500,634.06 9.75
Washington 59 20,264,059.14 5.13
West Virginia 2 706,619.22 0.18
Wyoming 2 1,010,688.70 0.26
-- ------------ -----
TOTAL 1,067 $ 395,049,897.23 100.00 %
================================ ================= ================================ =========================
-----------------------------------------------------------------------------------------------------------------------------------
GREENWICH CAPITAL 14
-----------------
See Disclaimer on Page 10 of these Marketing Materials.
</TABLE>
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