COMPUTATIONAL MATERIALS DISCLAIMER
The attached tables and other statistical analyses (the "Computational
Materials") are privileged and intended for use by the addressee only. These
Computational Materials have been prepared by Greenwich Capital Markets, Inc.
in reliance upon information furnished by the issuer of the securities and its
affiliates. These Computational Materials are furnished to you solely by
Greenwich Capital Markets, Inc. and not by the issuer of the securities. They
may not be provided to any third party other than the addressee's legal, tax,
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material.
Numerous assumptions were used in preparing the Computational Materials which
may or may not be reflected therein. As such, no assurance can be given as to
the Computational Materials' accuracy, appropriateness or completeness in any
particular context; nor as to whether the Computational Materials and/or the
assumptions upon which they are based reflect present market conditions or
future market performance. These Computational Materials should not be
construed as either projections or predictions or as legal, tax, financial or
accounting advice.
Any weighted average lives, yields and principal payment periods shown in the
Computational Materials are based on prepayments assumptions, and changes in
such prepayment assumptions may dramatically affect such weighted average
lives, yields and principal payment periods. In addition, it is possible that
prepayments on the underlying assets will occur at rates slower or faster than
the rates shown in the attached Computational Materials. Furthermore, unless
otherwise provided, the Computational Materials assume no losses on the
underlying assets and no interest shortfall. The specific characteristics of
the securities may differ from those shown in the Computational Materials due
to differences between the actual underlying assets and the hypothetical
underlying assets used in preparing the Computational Materials. The principal
amount and designation of any security described in the Computational
Materials are subject to change prior to issuance. Neither Greenwich Capital
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as to the actual rate or timing of payments on any of the underlying assets or
the payments or yield on the securities.
Although a registration statement (including the Prospectus) relating to the
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definitive Computational Materials and any matter discussed in this
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may be obtained by contacting the Greenwich Capital Markets, Inc. Trading Desk
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Please be advised that the securities described herein may not be appropriate
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GREENWICH CAPITAL
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<PAGE>
This information is furnished to you solely by Greenwich Capital Markets, Inc.
("GCM") and not by the issuer of the securities or any of its affiliates.
GCM is acting as underwriter and not as agent for the issuer or its
affiliates in connection with the proposed transaction.
<TABLE>
<CAPTION>
Yield Tables
------------
Class A-1 (to Senior Call)
---------------------------------------------------------------------------------------------------------------------
Coupon 6.970%
---------------------------------------------------------------------------------------------------------------------
Prepay Speed 12% CPR 15% CPR 18% CPR 22% CPR 30% CPR 35% CPR 40% CPR
=====================================================================================================================
Yield@ 100-00 6.895 6.856 6.815 6.760 6.642 6.564 6.481
=====================================================================================================================
<S> <C> <C> <C> <C> <C> <C> <C>
WAL (yr) 2.25 1.81 1.50 1.22 0.87 0.73 0.62
MDUR (yr) 1.97 1.61 1.36 1.12 0.81 0.69 0.59
First Prin Pay 01/19/01 01/19/01 01/19/01 01/19/01 01/19/01 01/19/01 01/19/01
Last Prin Pay 09/19/05 12/19/04 04/19/04 08/19/03 11/19/02 07/19/02 04/19/02
---------------------------------------------------------------------------------------------------------------------
Class A-1 (to Maturity)
---------------------------------------------------------------------------------------------------------------------
Coupon 6.970%
---------------------------------------------------------------------------------------------------------------------
Prepay Speed 12% CPR 15% CPR 18% CPR 22% CPR 30% CPR 35% CPR 40% CPR
=====================================================================================================================
Yield@ 100-00 6.897 6.856 6.815 6.760 6.642 6.564 6.481
=====================================================================================================================
WAL (yr) 2.25 1.81 1.50 1.22 0.87 0.73 0.62
MDUR (yr) 1.97 1.61 1.36 1.12 0.81 0.69 0.59
First Prin Pay 01/19/01 01/19/01 01/19/01 01/19/01 01/19/01 01/19/01 01/19/01
Last Prin Pay 12/19/05 12/19/04 04/19/04 08/19/03 11/19/02 07/19/02 04/19/02
---------------------------------------------------------------------------------------------------------------------
Class A-2 (to Senior Call)
---------------------------------------------------------------------------------------------------------------------
Coupon 6.980%
---------------------------------------------------------------------------------------------------------------------
Prepay Speed 12% CPR 15% CPR 18% CPR 22% CPR 30% CPR 35% CPR 40% CPR
=====================================================================================================================
Yield@ 99-31 7.001 6.999 6.990 6.971 6.930 6.902 6.871
=====================================================================================================================
WAL (yr) 4.75 4.59 4.08 3.30 2.32 1.94 1.64
MDUR (yr) 3.92 3.81 3.44 2.86 2.08 1.76 1.50
First Prin Pay 09/19/05 12/19/04 04/19/04 08/19/03 11/19/02 07/19/02 04/19/02
Last Prin Pay 09/19/05 09/19/05 09/19/05 12/19/04 10/19/03 04/19/03 12/19/02
---------------------------------------------------------------------------------------------------------------------
Class A-2 (to Maturity)
---------------------------------------------------------------------------------------------------------------------
Coupon 6.980%
---------------------------------------------------------------------------------------------------------------------
Prepay Speed 12% CPR 15% CPR 18% CPR 22% CPR 30% CPR 35% CPR 40% CPR
=====================================================================================================================
Yield@ 99-31 7.237 7.073 6.994 6.971 6.930 6.902 6.871
=====================================================================================================================
WAL (yr) 6.16 4.94 4.10 3.30 2.32 1.94 1.64
MDUR (yr) 4.84 4.05 3.45 2.86 2.08 1.76 1.50
First Prin Pay 12/19/05 12/19/04 04/19/04 08/19/03 11/19/02 07/19/02 04/19/02
Last Prin Pay 06/19/08 12/19/06 12/19/05 12/19/04 10/19/03 04/19/03 12/19/02
---------------------------------------------------------------------------------------------------------------------
</TABLE>
GREENWICH CAPITAL
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<PAGE>
This information is furnished to you solely by Greenwich Capital Markets, Inc.
("GCM") and not by the issuer of the securities or any of its affiliates.
GCM is acting as underwriter and not as agent for the issuer or its
affiliates in connection with the proposed transaction.
<TABLE>
<CAPTION>
Yield Tables
------------
Class A-3 (to Senior Call)
---------------------------------------------------------------------------------------------------------------------
Coupon 7.135%
---------------------------------------------------------------------------------------------------------------------
Prepay Speed 12% CPR 15% CPR 18% CPR 22% CPR 30% CPR 35% CPR 40% CPR
=====================================================================================================================
Yield@ 100-00 7.151 7.151 7.151 7.150 7.140 7.131 7.119
=====================================================================================================================
<S> C> <C> <C> <C> <C> <C> <C>
WAL (yr) 4.75 4.75 4.75 4.69 4.19 3.80 3.40
MDUR (yr) 3.91 3.91 3.91 3.86 3.50 3.21 2.90
First Prin Pay 09/19/05 09/19/05 09/19/05 12/19/04 10/19/03 04/19/03 12/19/02
Last Prin Pay 09/19/05 09/19/05 09/19/05 09/19/05 09/19/05 09/19/05 09/19/05
---------------------------------------------------------------------------------------------------------------------
Class A-3 (to Maturity)
---------------------------------------------------------------------------------------------------------------------
Coupon 7.135%
---------------------------------------------------------------------------------------------------------------------
Prepay Speed 12% CPR 15% CPR 18% CPR 22% CPR 30% CPR 35% CPR 40% CPR
=====================================================================================================================
Yield@ 100-00 7.713 7.648 7.577 7.483 7.337 7.269 7.213
=====================================================================================================================
WAL (yr) 13.62 11.31 9.54 7.79 5.50 4.56 3.84
MDUR (yr) 8.02 7.15 6.40 5.56 4.27 3.67 3.17
First Prin Pay 06/19/08 12/19/06 12/19/05 12/19/04 10/19/03 04/19/03 12/19/02
Last Prin Pay 09/19/30 09/19/30 09/19/30 09/19/30 09/19/30 09/19/30 09/19/30
---------------------------------------------------------------------------------------------------------------------
Class B-1 (to Call)
---------------------------------------------------------------------------------------------------------------------
Coupon 7.862%
---------------------------------------------------------------------------------------------------------------------
Prepay Speed 12% CPR 15% CPR 18% CPR 25% CPR 30% CPR 35% CPR 40% CPR
=====================================================================================================================
Yield@ 102-04 7.821 7.732 7.644 7.463 7.346 7.227 7.130
=====================================================================================================================
WAL (yr) 10.60 8.63 7.22 5.31 4.49 3.86 3.43
MDUR (yr) 6.77 5.92 5.23 4.15 3.63 3.21 2.90
First Prin Pay 02/19/06 02/19/05 06/19/04 06/19/03 12/19/02 08/19/02 06/19/02
Last Prin Pay 11/19/16 01/19/14 11/19/11 09/19/08 04/19/07 03/19/06 06/19/05
---------------------------------------------------------------------------------------------------------------------
Class B-1 (to Maturity)
---------------------------------------------------------------------------------------------------------------------
Coupon 7.862%
---------------------------------------------------------------------------------------------------------------------
Prepay Speed 12% CPR 15% CPR 18% CPR 25% CPR 30% CPR 35% CPR 40% CPR
=====================================================================================================================
Yield@ 102-04 7.839 7.761 7.685 7.532 7.436 7.345 7.266
=====================================================================================================================
WAL (yr) 11.55 9.55 8.08 6.02 5.13 4.48 4.01
MDUR (yr) 6.98 6.18 5.51 4.47 3.96 3.56 3.25
First Prin Pay 02/19/06 02/19/05 06/19/04 06/19/03 12/19/02 08/19/02 06/19/02
Last Prin Pay 09/19/30 09/19/30 09/19/30 09/19/30 09/19/30 09/19/30 09/19/30
---------------------------------------------------------------------------------------------------------------------
</TABLE>
GREENWICH CAPITAL
---------------------------------------------------------------------------
<PAGE>
This information is furnished to you solely by Greenwich Capital Markets, Inc.
("GCM") and not by the issuer of the securities or any of its affiliates.
GCM is acting as underwriter and not as agent for the issuer or its
affiliates in connection with the proposed transaction.
Yield Tables
<TABLE>
<CAPTION>
Class B-2 (to Call)
---------------------------------------------------------------------------------------------------------------------
Coupon 7.862%
---------------------------------------------------------------------------------------------------------------------
Prepay Speed 12% CPR 15% CPR 18% CPR 25% CPR 30% CPR 35% CPR 40% CPR
=====================================================================================================================
Yield@ 101-09 7.943 7.872 7.802 7.663 7.574 7.486 7.415
=====================================================================================================================
<S> <C> <C> <C> <C> <C> <C> <C>
WAL (yr) 10.60 8.63 7.22 5.31 4.49 3.86 3.43
MDUR (yr) 6.74 5.90 5.21 4.14 3.62 3.20 2.89
First Prin Pay 02/19/06 02/19/05 06/19/04 06/19/03 12/19/02 08/19/02 06/19/02
Last Prin Pay 11/19/16 01/19/14 11/19/11 09/19/08 04/19/07 03/19/06 06/19/05
---------------------------------------------------------------------------------------------------------------------
Class B-2 (to Maturity)
---------------------------------------------------------------------------------------------------------------------
Coupon 7.862%
---------------------------------------------------------------------------------------------------------------------
Prepay Speed 12% CPR 15% CPR 18% CPR 25% CPR 30% CPR 35% CPR 40% CPR
=====================================================================================================================
Yield@ 101-09 7.958 7.895 7.835 7.717 7.645 7.578 7.520
=====================================================================================================================
WAL (yr) 11.55 9.55 8.08 6.02 5.13 4.48 4.01
MDUR (yr) 6.95 6.15 5.49 4.45 3.95 3.54 3.24
First Prin Pay 02/19/06 02/19/05 06/19/04 06/19/03 12/19/02 08/19/02 06/19/02
Last Prin Pay 09/19/30 09/19/30 09/19/30 09/19/30 09/19/30 09/19/30 09/19/30
---------------------------------------------------------------------------------------------------------------------
Class B-3 (to Call)
---------------------------------------------------------------------------------------------------------------------
Coupon 7.862%
---------------------------------------------------------------------------------------------------------------------
Prepay Speed 12% CPR 15% CPR 18% CPR 25% CPR 30% CPR 35% CPR 40% CPR
=====================================================================================================================
Yield@ 97-15+ 8.513 8.522 8.539 8.589 8.633 8.684 8.743
=====================================================================================================================
WAL (yr) 10.60 8.63 7.22 5.31 4.49 3.86 3.43
MDUR (yr) 6.63 5.80 5.13 4.08 3.57 3.15 2.85
First Prin Pay 02/19/06 02/19/05 06/19/04 06/19/03 12/19/02 08/19/02 06/19/02
Last Prin Pay 11/19/16 01/19/14 11/19/11 09/19/08 04/19/07 03/19/06 06/19/05
---------------------------------------------------------------------------------------------------------------------
Class B-3 (to Maturity)
---------------------------------------------------------------------------------------------------------------------
Coupon 7.862%
---------------------------------------------------------------------------------------------------------------------
Prepay Speed 12% CPR 15% CPR 18% CPR 25% CPR 30% CPR 35% CPR 40% CPR
=====================================================================================================================
Yield@ 97-15+ 8.511 8.520 8.535 8.580 8.619 8.663 8.705
=====================================================================================================================
WAL (yr) 11.55 9.55 8.08 6.02 5.13 4.48 4.01
MDUR (yr) 6.82 6.03 5.38 4.37 3.87 3.48 3.18
First Prin Pay 02/19/06 02/19/05 06/19/04 06/19/03 12/19/02 08/19/02 06/19/02
Last Prin Pay 09/19/30 09/19/30 09/19/30 09/19/30 09/19/30 09/19/30 09/19/30
---------------------------------------------------------------------------------------------------------------------
</TABLE>
