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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest Event
Reported): August 29, 2000
DLJ MORTGAGE ACCEPTANCE CORP., (as depositor under the
Pooling and Servicing Agreement, dated as
of August 1, 2000, providing for the issuance of the
DLJ MORTGAGE ACCEPTANCE CORP.,
FNT Trust Series 2000-1
FNT Mortgage Pass-Through Certificates, Series
2000-1).
DLJ MORTGAGE ACCEPTANCE CORP.
-----------------------------
(Exact name of registrant as specified in its charter)
Delaware 333-75921 13-3460894
---------------------------- ------------- ------------------
(State or Other Jurisdiction (Commission (I.R.S. Employer
of Incorporation) File Number) Identification No.)
277 Park Avenue
New York, New York 10172
---------------------- ----------
(Address of Principal (Zip Code)
Executive Offices)
Registrant's telephone number, including area code (212) 892-3000
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<PAGE>
Item 5. Other Events.
Filing of Computational Materials
Pursuant to Rule 424(b) under the Securities Act of 1933, concurrently
with, or subsequent to, the filing of this Current Report on Form 8-K (the
"Form 8-K"), DLJ Mortgage Acceptance Corp., Inc. (the "Company") is filing a
prospectus and prospectus supplement with the Securities and Exchange
Commission relating to its FNT Mortgage Pass-Through Certificates, Series
2000-1.
In connection with the offering of the FNT Mortgage Pass-Through
Certificates, Series 2000-1, Donaldson, Lufkin & Jenrette Securities
Corporation ("DLJ"), as underwriter of the Certificates, has prepared certain
materials (the "Computational Materials") for distribution to their potential
investors. Although the Company provided DLJ with certain information
regarding the characteristics of the Mortgage Loans in the related portfolio,
the Company did not participate in the preparation of the Computational
Materials.
For purposes of this Form 8-K, "Computational Materials" shall mean
computer generated tables and/or charts displaying, with respect to any Class
or Classes of Certificates, any of the following: yield; average life;
duration; expected maturity; interest rate sensitivity; loss sensitivity; cash
flow characteristics; background information regarding the Mortgage Loans; the
proposed structure; decrement tables; or similar information (tabular or
otherwise) of a statistical, mathematical, tabular or computational nature.
The Computational Materials are attached hereto as Exhibit 99.1.
-----------------
* Capitalized terms used and not otherwise defined herein shall have the
meanings assigned to them in the prospectus dated March 2, 2000 and the
prospectus supplement dated August 30, 2000, of DLJ Mortgage Acceptance
Corp., relating to its FNT Mortgage Pass-Through Certificates, Series
2000-1.
<PAGE>
Item 7. Financial Statements, Pro Forma Financial
Information and Exhibits.
(a) Not applicable.
(b) Not applicable.
(c) Exhibits:
99.1 Computational Materials.
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
DLJ MORTGAGE ACCEPTANCE CORP.
By: /s/ Helaine Hebble
---------------------------------
Name: Helaine Hebble
Title: Senior Vice President
Dated: September 1, 2000
<PAGE>
Exhibit Index
Exhibit Page
99.1 Computational Materials
filed on Form SE dated November 29, 1999.
<TABLE>
<CAPTION>
DLJ Deal Summary Report FNT00-1G2 30 year 8.0's
Date: 08/17/2000 17:08:23 CMO Structuring Desk: (212) 892-8373 Fax: (212) 892-Pac Bands 1:125-250 II: 0- 0 III: 0- 0
Closing Date: 8/31/2000 WHOLE 30 year Pricing Speed: 100PPC Pacl%: 59.14
First Pay: 9/25/2000 WAC: 8.90 WAM: 355.00
Tranche Name Balance Coupon Payment Window Average Life Dur Tax/Index Spread Price %
Yield
Margin
<S> <C> <C> <C> <C> <C> <C>
A5 3,234,298.28 8.00000 9/00 - 8/09 3.66 3.00
A4 103,497,545 7.75000 9/00 - 8/09 3.66 2.00
A1 39,152,455 8.00000 9/00 - 5/02 0.84 2.00
A2 2,250,000 8.00000 8/09 - 3/30 12.93 12.93
AJKAS 16,100,000 8.00000 9/05 - 3/30 10.64 10.00
Sub 14,000,000 8.00000 9/00 - 3/30 10.30 10.00
Total: 6 175,000,000 7.85215 4.31 3.18
Description Cap Mult
<C>
0.0039
1.7516
0.1730
0.1400
0.6012
"Sub. Bond, 8.00 percent 0.5167
Collateral
Type Ba1 (MM) Coup Prepay WAM Age AcrInt (M) WAC
WHOLE 175,000 8.000 PPC 10G 355 4.0 1166.667 8.900
Yield Curve
Yr. 2.00 3.00 4.00 5.00 7.00 10.00 30.00
Ytd. 6.282 6.232 6.181 6.131 5.980 5.829 5.729
</TABLE>
THE ANALYSES, CALCULATIONS AND VALUATIONS USED HEREIN ARE BASED ON CERTAIN
ASSUMPTIONS AND DATA PROVIDED BY THIRD PARTIES WHICH MAY VARY FROM THE ACTUAL
CHARACTERISTICS OF THE POOL. NEITHER THE UNDERWRITER NOR THE ISSUER MAKES ANY
REPRESENTATION THAT SUCH ANALYSES OR CALCULATIONS ARE ACCURATE OR THAT SUCH
VALUATIONS REPRESENT LEVELS WHERE ACTUAL TRADES MAY OCCUR. INVESTORS SHOULD
RELY ON THE INFORMATION CONTAINED IN OR FILED WITH THE PROSPECTUS/PROSPECTUS
SUPPLEMENT. PRELIMINARY COLLATERAL INFORMATION IS FURNISHED TO YOU SOLELY BY
THE UNDERWRITER. NEITHER THE ISSUER NOR ANY OF ITS AFFILIATES OR THE
UNDERWRITER MAKES ANY REPRESENTATION AS TO THE ACCURACY OR COMPLETENESS OF THE
INFORMATION HEREIN. THE INFORMATION HEREIN IS PRELIMINARY AND WILL BE
SUPERSEDED BY THE DESCRIPTION OF THE COLLATERAL CONTAINED IN THE APPLICABLE
PROSPECTUS SUPPLEMENT AND BY ANY OTHER INFORMATION FILED WITH THE SECURITIES
AND EXCHANGE COMMISSION. THE INFORMATION HEREIN SUPERSEDES THE INFORMATION ON
ANY AND ALL PRIOR COLLATERAL TERM SHEETS OR OTHER COMPUTATIONAL MATERIALS.
<TABLE>
<CAPTION>
DLJ Yields Given Prices Report FNT00-1G2 30 year 8.0's
User ID: lena Deals Directory: /ops/intexdeals Date: 08/18/2000 08:25:43
Bond: A1 Balance: 39,152,455 Coupon: 8.000000
Delay: 24 Class Factor: 1.00 Accruing Since: 8/01/2000
Settlement Date 8/31/2000 WHOLE 30 year WAC: 8.90 WAM: 355.00
>>>> Prepayment Ramp begins at 6.000 and rises to 20.000 by month 12.<<<<
Months PPC PPC PPC PPC PPC PPC PPC
480 65 75 85 90 100 115 130
<S> <C> <C> <C> <C> <C> <C> <C> <C>
98-21.50 8.565 8.798 8.949 9.015 9.138 9.305 9.462
98-25.50 8.494 8.690 8.816 8.872 8.974 9.114 9.246
98-29.50 8.424 8.582 8.684 8.729 8.811 8.924 9.030
99-01.50 8.355 8.474 8.552 8.586 8.649 8.734 8.815
99-05.50 8.285 8.367 8.420 8.444 8.486 8.545 8.600
99-09.50 8.216 8.260 8.289 8.302 8.325 8.356 8.386
99-13.50 8.147 8.154 8.158 8.160 8.163 8.168 8.172
99-17.50 8.078 8.047 8.027 8.018 8.002 7.980 7.960
99-21.50 8.009 7.941 7.897 7.877 7.842 7.793 7.747
99-25.50 7.941 7.835 7.766 7.736 7.681 7.606 7.535
99-29.50 7.873 7.729 7.637 7.596 7.521 7.420 7.324
100-01.50 7.805 7.624 7.507 7.456 7.362 7.234 7.113
100-05.50 7.737 7.518 7.378 7.316 7.203 7.048 6.903
100-09.50 7.670 7.413 7.249 7.177 7.044 6.863 6.694
100-13.50 7.603 7.309 7.120 7.037 6.886 6.679 6.484
100-17.50 7.536 7.204 6.992 6.899 6.728 6.495 6.276
100-21.50 7.469 7.100 6.864 6.760 6.570 6.311 6.068
100-25.50 7.402 6.996 6.736 6.622 6.413 6.128 5.860
100-29.50 7.336 6.892 6.609 6.484 6.256 5.945 5.654
101-01.50 7.270 6.789 6.481 6.347 6.100 5.763 5.447
101-05.50 7.204 6.685 6.355 6.209 5.944 5.581 5.241
101-09.50 7.138 6.582 6.228 6.072 5.788 5.400 5.036
101-13.50 7.073 6.479 6.102 5.936 5.633 5.219 4.831
AVG LIFE 2.33 1.31 1.05 0.96 0.84 0.71 0.63
DURATION 1.83 1.18 0.96 0.89 0.78 0.67 0.59
FIRST PAY 9/00 9/00 9/00 9/00 9/00 9/00 9/00
LAST PAY 8/16 12/03 12/02 9/02 5/02 1/02 10/01
PPC PPC PPC
150 175 200
<C> <C> <C>
9.659 9.895 10.120
9.410 9.608 9.796
9.162 9.322 9.473
8.915 9.036 9.151
8.669 8.752 8.830
8.423 8.468 8.510
8.178 8.185 8.191
7.934 7.903 7.873
7.690 7.621 7.556
7.447 7.341 7.240
7.205 7.061 6.925
6.963 6.782 6.611
6.722 6.504 6.298
6.481 6.227 5.986
6.242 5.951 5.675
6.003 5.675 5.364
5.764 5.400 5.055
5.526 5.126 4.747
5.289 4.853 4.439
5.053 4.580 4.133
4.817 4.308 3.827
4.582 4.037 3.523
4.347 3.767 3.219
AVG LIFE 0.54 0.47 0.42
DURATION 0.51 0.45 0.40
FIRST PAY 9/00 9/00 9/00
LAST PAY 8/01 6/01 5/01
</TABLE>
THE ANALYSES, CALCULATIONS AND VALUATIONS USED HEREIN ARE BASED ON CERTAIN
ASSUMPTIONS AND DATA PROVIDED BY THIRD PARTIES WHICH MAY VARY FROM THE ACTUAL
CHARACTERISTICS OF THE POOL. NEITHER THE UNDERWRITER NOR THE ISSUER MAKES ANY
REPRESENTATION THAT SUCH ANALYSES OR CALCULATIONS ARE ACCURATE OR THAT SUCH
VALUATIONS REPRESENT LEVELS WHERE ACTUAL TRADES MAY OCCUR. INVESTORS SHOULD
RELY ON THE INFORMATION CONTAINED IN OR FILED WITH THE PROSPECTUS/PROSPECTUS
SUPPLEMENT. PRELIMINARY COLLATERAL INFORMATION IS FURNISHED TO YOU SOLELY BY
THE UNDERWRITER. NEITHER THE ISSUER NOR ANY OF ITS AFFILIATES OR THE
UNDERWRITER MAKES ANY REPRESENTATION AS TO THE ACCURACY OR COMPLETENESS OF THE
INFORMATION HEREIN. THE INFORMATION HEREIN IS PRELIMINARY AND WILL BE
SUPERSEDED BY THE DESCRIPTION OF THE COLLATERAL CONTAINED IN THE APPLICABLE
PROSPECTUS SUPPLEMENT AND BY ANY OTHER INFORMATION FILED WITH THE SECURITIES
AND EXCHANGE COMMISSION. THE INFORMATION HEREIN SUPERSEDES THE INFORMATION ON
ANY AND ALL PRIOR COLLATERAL TERM SHEETS OR OTHER COMPUTATIONAL MATERIALS.
<TABLE>
<CAPTION>
DLJ Yields Given Prices Report FNT00-1G2 30 year 8.0's
User ID: lena Deals Directory: /ops/intexdeals Date: 08/21/2000 10:25:32
Bond: A3NAS Balance: 16,100,000 Coupon: 8.000000
Delay: 24 Class Factor: 1.00 Accruing Since: 8/01/2000
Settlement Date 8/31/2000 WHOLE 30 year WAC: 8.90 WAM: 355.00
Months PSA PSA PSA PSA PSA PSA PSA
380 100 150 200 250 300 350 400
<S> <C> <C> <C> <C> <C> <C> <C> <C>
98-19.50 8.237 8.243 8.248 8.253 8.258 8.262 8.265
98-23.50 8.221 8.227 8.231 8.235 8.239 8.243 8.246
98-27.50 8.206 8.210 8.214 8.218 8.221 8.223 8.226
98-31.50 8.191 8.194 8.197 8.200 8.202 8.204 8.206
99-03.50 8.175 8.178 8.180 8.182 8.184 8.185 8.187
99-07.50 8.160 8.162 8.163 8.164 8.165 8.166 8.167
99-11.50 8.145 8.145 8.146 8.147 8.147 8.147 8.148
99-15.50 8.130 8.129 8.129 8.129 8.129 8.128 8.128
99-19.50 8.114 8.113 8.112 8.111 8.110 8.110 8.109
99-23.50 8.099 8.097 8.095 8.094 8.092 8.091 8.089
99-27.50 8.084 8.081 8.078 8.076 8.074 8.072 8.070
99-31.50 8.069 8.065 8.062 8.058 8.056 8.053 8.051
100-03.50 8.054 8.049 8.045 8.041 8.037 8.034 8.031
100-07.50 8.039 8.033 8.028 8.023 8.019 8.016 8.012
100-11.50 8.024 8.017 8.011 8.006 8.001 7.997 7.993
100-15.50 8.009 8.001 7.995 7.989 7.983 7.978 7.974
100-19.50 7.994 7.986 7.978 7.971 7.965 7.960 7.955
100-23.50 7.979 7.970 7.961 7.954 7.947 7.941 7.936
100-27.50 7.964 7.954 7.945 7.936 7.929 7.922 7.916
100-31.50 7.949 7.938 7.928 7.919 7.911 7.904 7.897
101-03.50 7.934 7.922 7.912 7.902 7.893 7.885 7.878
101-07.50 7.920 7.907 7.895 7.885 7.875 7.867 7.859
101-11.50 7.905 7.891 7.879 7.867 7.858 7.849 7.840
AVG LIFE 15.88 14.14 12.84 11.85 11.07 10.45 9.95
DURATION 8.23 7.76 7.39 7.08 6.83 6.61 6.43
FIRST PAY 9/05 9/05 9/05 9/05 9/05 9/05 9/05
LAST PAY 3/30 3/30 3/30 3/30 3/30 3/30 3/30
PSA PSA PSA
450 500 700
<C> <C> <C>
8.273 8.286 8.350
8.252 8.263 8.317
8.231 8.241 8.285
8.210 8.218 8.253
8.190 8.195 8.221
8.169 8.172 8.188
8.148 8.150 8.156
8.128 8.127 8.124
8.107 8.105 8.092
8.087 8.082 8.060
8.066 8.060 8.028
8.046 8.037 7.997
8.026 8.015 7.965
8.005 7.993 7.933
7.985 7.970 7.901
7.965 7.948 7.870
7.944 7.926 7.838
7.924 7.904 7.806
7.904 7.881 7.775
7.884 7.859 7.744
7.864 7.837 7.712
7.844 7.815 7.681
7.824 7.793 7.649
AVG LIFE 9.07 7.86 4.89
DURATION 6.08 5.54 3.90
FIRST PAY 9/05 9/05 11/04
LAST PAY 3/30 3/30 8/06
</TABLE>
THE ANALYSES, CALCULATIONS AND VALUATIONS USED HEREIN ARE BASED ON CERTAIN
ASSUMPTIONS AND DATA PROVIDED BY THIRD PARTIES WHICH MAY VARY FROM THE ACTUAL
CHARACTERISTICS OF THE POOL. NEITHER THE UNDERWRITER NOR THE ISSUER MAKES ANY
REPRESENTATION THAT SUCH ANALYSES OR CALCULATIONS ARE ACCURATE OR THAT SUCH
VALUATIONS REPRESENT LEVELS WHERE ACTUAL TRADES MAY OCCUR. INVESTORS SHOULD
RELY ON THE INFORMATION CONTAINED IN OR FILED WITH THE PROSPECTUS/PROSPECTUS
SUPPLEMENT. PRELIMINARY COLLATERAL INFORMATION IS FURNISHED TO YOU SOLELY BY
THE UNDERWRITER. NEITHER THE ISSUER NOR ANY OF ITS AFFILIATES OR THE
UNDERWRITER MAKES ANY REPRESENTATION AS TO THE ACCURACY OR COMPLETENESS OF THE
INFORMATION HEREIN. THE INFORMATION HEREIN IS PRELIMINARY AND WILL BE
SUPERSEDED BY THE DESCRIPTION OF THE COLLATERAL CONTAINED IN THE APPLICABLE
PROSPECTUS SUPPLEMENT AND BY ANY OTHER INFORMATION FILED WITH THE SECURITIES
AND EXCHANGE COMMISSION. THE INFORMATION HEREIN SUPERSEDES THE INFORMATION ON
ANY AND ALL PRIOR COLLATERAL TERM SHEETS OR OTHER COMPUTATIONAL MATERIALS.
<TABLE>
<CAPTION>
DLJ Yields Given Prices Report FNT00-1G2 30 year 8.0's
User ID: lena Deals Directory: /ops/intexdeals Date: 08/21/2000 10:25:51
Bond: A3NAS Balance: 16,100,000 Coupon: 8.000000
Delay: 24 Class Factor: 1.00 Accruing Since: 8/01/2000
Settlement Date 8/31/2000 WHOLE 30 year WAC: 8.90 WAM: 355.00
Months CPR CPR CPR CPR CPR CPR CPR
380 5.00 10.00 12.00 15.00 20.00 25.00 30.00
<S> <C> <C> <C> <C> <C> <C> <C> <C>
98-19.50 8.235 8.245 8.248 8.253 8.260 8.277 8.313
98-23.50 8.220 8.228 8.231 8.235 8.241 8.255 8.286
98-27.50 8.204 8.212 8.214 8.218 8.223 8.234 8.259
98-31.50 8.189 8.195 8.197 8.200 8.204 8.213 8.232
99-03.50 8.174 8.179 8.180 8.182 8.185 8.191 8.206
99-07.50 8.160 8.162 8.163 8.164 8.166 8.170 8.179
99-11.50 8.145 8.146 8.146 8.147 8.147 8.149 8.153
99-15.50 8.130 8.129 8.129 8.129 8.128 8.128 8.126
99-19.50 8.115 8.113 8.112 8.111 8.110 8.107 8.100
99-23.50 8.100 8.097 8.095 8.094 8.091 8.086 8.073
99-27.50 8.085 8.080 8.078 8.076 8.072 8.064 8.047
99-31.50 8.070 8.064 8.062 8.058 8.054 8.043 8.020
100-03.50 8.056 8.048 8.045 8.041 8.035 8.022 7.994
100-07.50 8.041 8.031 8.028 8.023 8.017 8.002 7.968
100-11.50 8.026 8.015 8.011 8.006 7.998 7.981 7.942
100-15.50 8.012 7.999 7.995 7.989 7.980 7.960 7.915
100-19.50 7.997 7.983 7.978 7.971 7.961 7.939 7.889
100-23.50 7.982 7.967 7.961 7.954 7.943 7.918 7.863
100-27.50 7.968 7.951 7.945 7.936 7.925 7.897 7.837
100-31.50 7.953 7.935 7.928 7.919 7.906 7.877 7.811
101-03.50 7.939 7.919 7.912 7.902 7.888 7.856 7.785
101-07.50 7.924 7.903 7.895 7.885 7.870 7.835 7.759
101-11.50 7.910 7.887 7.879 7.867 7.851 7.815 7.733
AVG LIFE 16.58 13.67 12.84 11.85 10.64 8.72 6.26
DURATION 8.42 7.63 7.39 7.08 6.68 5.92 4.72
FIRST PAY 9/05 9/05 9/05 9/05 9/05 9/05 7/05
LAST PAY 3/30 3/30 3/30 3/30 3/30 3/30 3/30
CPR CPR CPR
35.00 40.00 50.00
<C> <C> <C>
8.349 8.383 8.457
8.317 8.346 8.409
8.285 8.309 8.360
8.252 8.271 8.312
8.220 8.234 8.264
8.188 8.197 8.215
8.156 8.160 8.167
8.124 8.123 8.119
8.092 8.086 8.071
8.060 8.049 8.023
8.029 8.012 7.975
7.997 7.975 7.927
7.965 7.938 7.880
7.933 7.901 7.832
7.902 7.865 7.784
7.870 7.828 7.737
7.839 7.791 7.689
7.807 7.755 7.642
7.776 7.718 7.595
7.744 7.682 7.548
7.713 7.646 7.500
7.682 7.609 7.453
7.650 7.573 7.406
AVG LIFE 4.91 4.11 3.04
DURATION 3.91 3.37 2.60
FIRST PAY 9/04 1/04 3/03
LAST PAY 12/06 8/05 4/04
</TABLE>
THE ANALYSES, CALCULATIONS AND VALUATIONS USED HEREIN ARE BASED ON CERTAIN
ASSUMPTIONS AND DATA PROVIDED BY THIRD PARTIES WHICH MAY VARY FROM THE ACTUAL
CHARACTERISTICS OF THE POOL. NEITHER THE UNDERWRITER NOR THE ISSUER MAKES ANY
REPRESENTATION THAT SUCH ANALYSES OR CALCULATIONS ARE ACCURATE OR THAT SUCH
VALUATIONS REPRESENT LEVELS WHERE ACTUAL TRADES MAY OCCUR. INVESTORS SHOULD
RELY ON THE INFORMATION CONTAINED IN OR FILED WITH THE PROSPECTUS/PROSPECTUS
SUPPLEMENT. PRELIMINARY COLLATERAL INFORMATION IS FURNISHED TO YOU SOLELY BY
THE UNDERWRITER. NEITHER THE ISSUER NOR ANY OF ITS AFFILIATES OR THE
UNDERWRITER MAKES ANY REPRESENTATION AS TO THE ACCURACY OR COMPLETENESS OF THE
INFORMATION HEREIN. THE INFORMATION HEREIN IS PRELIMINARY AND WILL BE
SUPERSEDED BY THE DESCRIPTION OF THE COLLATERAL CONTAINED IN THE APPLICABLE
PROSPECTUS SUPPLEMENT AND BY ANY OTHER INFORMATION FILED WITH THE SECURITIES
AND EXCHANGE COMMISSION. THE INFORMATION HEREIN SUPERSEDES THE INFORMATION ON
ANY AND ALL PRIOR COLLATERAL TERM SHEETS OR OTHER COMPUTATIONAL MATERIALS.
<TABLE>
<CAPTION>
DLJ Yields Given Prices Report FNT00-1G2 30 year 8.0's
User ID: lena Deals /ops/intexdeals Date: 08/21/2000 10:26:25
Directory:
Bond: A3NAS Balance: 16,100,000 Coupon: 8.000000
Delay: 24 Class Factor: 1.00 Accruing Since: 8/01/2000
Settlement Date: 8/31/2000 WHOLE 30 year WAC: 8.90 WAM: 355.00
>>>> Prepayment Ramp begins at 6.000 and rises to 20.000 by month 12.<<<<
Months PPC PPC PPC PPC PPC PPC PPC
380 75 80 90 100 115 125 150
<S> <C> <C> <C> <C> <C> <C> <C> <C>
98-19.50 8.253 8.255 8.258 8.260 8.265 8.274 8.307
98-23.50 8.235 8.237 8.239 8.241 8.245 8.253 8.281
98-27.50 8.218 8.219 8.221 8.223 8.226 8.232 8.255
98-31.50 8.200 8.201 8.202 8.204 8.206 8.211 8.229
99-03.50 8.182 8.183 8.184 8.185 8.187 8.190 8.203
99-07.50 8.164 8.165 8.165 8.166 8.167 8.169 8.178
99-11.50 8.147 8.147 8.147 8.147 8.148 8.149 8.152
99-15.50 8.129 8.129 8.129 8.128 8.128 8.128 8.126
99-19.50 8.111 8.111 8.110 8.110 8.109 8.107 8.101
99-23.50 8.094 8.093 8.092 8.091 8.090 8.086 8.075
99-27.50 8.076 8.075 8.074 8.072 8.070 8.066 8.050
99-31.50 8.058 8.057 8.056 8.054 8.051 8.045 8.024
100-03.50 8.041 8.040 8.037 8.035 8.032 8.024 7.999
100-07.50 8.023 8.022 8.019 8.017 8.013 8.004 7.973
100-11.50 8.006 8.004 8.001 7.998 7.993 7.983 7.948
100-15.50 7.989 7.987 7.983 7.980 7.974 7.963 7.922
100-19.50 7.971 7.969 7.965 7.961 7.955 7.942 7.897
100-23.50 7.954 7.951 7.947 7.943 7.936 7.922 7.872
100-27.50 7.936 7.934 7.929 7.925 7.917 7.902 7.847
100-31.50 7.919 7.916 7.911 7.906 7.898 7.881 7.822
101-03.50 7.902 7.899 7.893 7.888 7.879 7.861 7.796
101-07.50 7.885 7.881 7.875 7.870 7.860 7.841 7.771
101-11.50 7.867 7.864 7.858 7.851 7.841 7.820 7.746
AVG LIFE 11.85 11.57 11.07 10.64 10.00 8.95 6.55
DURATION 7.08 6.99 6.83 6.68 6.45 6.02 4.87
FIRST PAY 9/05 9/05 9/05 9/05 9/05 9/05 9/05
LAST PAY 3/30 3/30 3/30 3/30 3/30 3/30 3/30
PPC PPC
175 200
<C> <C>
8.343 8.375
8.311 8.339
8.280 8.303
8.249 8.267
8.218 8.231
8.187 8.195
8.156 8.159
8.125 8.123
8.094 8.087
8.063 8.052
8.032 8.016
8.001 7.980
7.970 7.945
7.940 7.909
7.909 7.874
7.878 7.839
7.848 7.803
7.817 7.768
7.787 7.733
7.756 7.698
7.726 7.663
7.696 7.628
7.665 7.593
AVG LIFE 5.11 4.28
DURATION 4.04 3.49
FIRST PAY 11/04 4/04
LAST PAY 3/07 11/05
</TABLE>
THE ANALYSES, CALCULATIONS AND VALUATIONS USED HEREIN ARE BASED ON CERTAIN
ASSUMPTIONS AND DATA PROVIDED BY THIRD PARTIES WHICH MAY VARY FROM THE ACTUAL
CHARACTERISTICS OF THE POOL. NEITHER THE UNDERWRITER NOR THE ISSUER MAKES ANY
REPRESENTATION THAT SUCH ANALYSES OR CALCULATIONS ARE ACCURATE OR THAT SUCH
VALUATIONS REPRESENT LEVELS WHERE ACTUAL TRADES MAY OCCUR. INVESTORS SHOULD
RELY ON THE INFORMATION CONTAINED IN OR FILED WITH THE PROSPECTUS/PROSPECTUS
SUPPLEMENT. PRELIMINARY COLLATERAL INFORMATION IS FURNISHED TO YOU SOLELY BY
THE UNDERWRITER. NEITHER THE ISSUER NOR ANY OF ITS AFFILIATES OR THE
UNDERWRITER MAKES ANY REPRESENTATION AS TO THE ACCURACY OR COMPLETENESS OF THE
INFORMATION HEREIN. THE INFORMATION HEREIN IS PRELIMINARY AND WILL BE
SUPERSEDED BY THE DESCRIPTION OF THE COLLATERAL CONTAINED IN THE APPLICABLE
PROSPECTUS SUPPLEMENT AND BY ANY OTHER INFORMATION FILED WITH THE SECURITIES
AND EXCHANGE COMMISSION. THE INFORMATION HEREIN SUPERSEDES THE INFORMATION ON
ANY AND ALL PRIOR COLLATERAL TERM SHEETS OR OTHER COMPUTATIONAL MATERIALS.
<TABLE>
<CAPTION>
DLJ Yields Given Prices Report FNT00-1G2 30 year 8.0's
User ID: lena Deals Directory: /ops/intexdeals Date: 08/17/2000 17:08:13
Bond: A4 Balance: 103,497,545 Coupon: 7.750000
Delay: 24 Class Factor: 1.00 Accruing Since: 8/01/2000
Settlement Date: 8/31/2000 WHOLE 30 year WAC: 8.90 WAM: 355.00
>>>>Prepayment Ramp begins at 6.000 and rises to 20.000 by month 12.<<<<
Months PPC PPC PPC PPC PPC PPC PPC
480 65 75 80 90 100 115 125
<S> <C> <C> <C> <C> <C> <C> <C> <C>
98-20 8.082 8.097 8.108 8.133 8.159 8.197 8.223
98-24 8.051 8.064 8.074 8.094 8.116 8.149 8.171
98-28 8.020 8.031 8.039 8.056 8.074 8.101 8.119
99- 0 7.989 7.998 8.004 8.017 8.032 8.053 8.067
99- 4 7.959 7.965 7.969 7.979 7.989 8.005 8.015
99- 8 7.928 7.932 7.935 7.941 7.947 7.957 7.963
99-12 7.897 7.899 7.900 7.903 7.905 7.909 7.912
99-16 7.867 7.866 7.866 7.864 7.863 7.862 7.860
99-20 7.836 7.833 7.831 7.826 7.821 7.814 7.809
99-24 7.806 7.801 7.797 7.788 7.780 7.766 7.758
99-28 7.776 7.768 7.763 7.751 7.738 7.719 7.706
100- 0 7.745 7.736 7.728 7.713 7.696 7.672 7.655
100- 4 7.715 7.703 7.694 7.675 7.655 7.624 7.604
100- 8 7.685 7.671 7.660 7.637 7.613 7.577 7.553
100-12 7.655 7.638 7.626 7.600 7.572 7.530 7.503
100-16 7.625 7.606 7.592 7.562 7.530 7.483 7.452
100-20 7.595 7.574 7.558 7.525 7.489 7.436 7.401
100-24 7.565 7.542 7.525 7.487 7.448 7.389 7.351
100-28 7.535 7.510 7.491 7.450 7.407 7.343 7.300
101- 0 7.505 7.477 7.457 7.413 7.366 7.296 7.250
101- 4 7.475 7.446 7.424 7.375 7.325 7.250 7.200
101- 8 7.446 7.414 7.390 7.338 7.284 7.203 7.149
101-12 7.416 7.382 7.356 7.301 7.243 7.157 7.099
AVG LIFE 5.62 5.07 4.73 4.14 3.66 3.14 2.87
DURATION 4.10 3.82 3.63 3.29 2.98 2.63 2.43
FIRST PAY 9/00 9/00 9/00 9/00 9/00 9/00 9/00
LAST PAY 11/15 10/14 10/13 11/11 8/09 7/07 9/06
PPC PPC PPC
150 175 200
<C> <C> <C>
8.286 8.352 8.419
8.225 8.280 8.338
8.163 8.209 8.256
8.102 8.138 8.175
8.041 8.067 8.094
7.979 7.996 8.013
7.918 7.925 7.932
7.857 7.854 7.851
7.797 7.784 7.771
7.736 7.714 7.691
7.675 7.643 7.610
7.615 7.573 7.530
7.554 7.503 7.450
7.494 7.434 7.371
7.434 7.364 7.291
7.374 7.294 7.212
7.314 7.225 7.132
7.254 7.156 7.053
7.195 7.087 6.974
7.135 7.018 6.896
7.076 6.949 6.817
7.016 6.880 6.738
6.957 6.811 6.660
AVG LIFE 2.37 2.01 1.74
DURATION 2.06 1.77 1.55
FIRST PAY 9/00 9/00 9/00
LAST PAY 5/05 8/04 1/04
</TABLE>
THE ANALYSES, CALCULATIONS AND VALUATIONS USED HEREIN ARE BASED ON CERTAIN
ASSUMPTIONS AND DATA PROVIDED BY THIRD PARTIES WHICH MAY VARY FROM THE ACTUAL
CHARACTERISTICS OF THE POOL. NEITHER THE UNDERWRITER NOR THE ISSUER MAKES ANY
REPRESENTATION THAT SUCH ANALYSES OR CALCULATIONS ARE ACCURATE OR THAT SUCH
VALUATIONS REPRESENT LEVELS WHERE ACTUAL TRADES MAY OCCUR. INVESTORS SHOULD
RELY ON THE INFORMATION CONTAINED IN OR FILED WITH THE PROSPECTUS/PROSPECTUS
SUPPLEMENT. PRELIMINARY COLLATERAL INFORMATION IS FURNISHED TO YOU SOLELY BY
THE UNDERWRITER. NEITHER THE ISSUER NOR ANY OF ITS AFFILIATES OR THE
UNDERWRITER MAKES ANY REPRESENTATION AS TO THE ACCURACY OR COMPLETENESS OF THE
INFORMATION HEREIN. THE INFORMATION HEREIN IS PRELIMINARY AND WILL BE
SUPERSEDED BY THE DESCRIPTION OF THE COLLATERAL CONTAINED IN THE APPLICABLE
PROSPECTUS SUPPLEMENT AND BY ANY OTHER INFORMATION FILED WITH THE SECURITIES
AND EXCHANGE COMMISSION. THE INFORMATION HEREIN SUPERSEDES THE INFORMATION ON
ANY AND ALL PRIOR COLLATERAL TERM SHEETS OR OTHER COMPUTATIONAL MATERIALS.
<TABLE>
<CAPTION>
<S> <C> <C>
DLJ Yields Given Prices Report FNT00-1G2 30 year 8.0's
User ID: lena Deals Directory: /ops/intexdeals Date: 08/18/2000 10:01:14
Bond: A4 Balance: 103,497,545 Coupon: 7.750000
Delay: 24 Class Factor: 1.00 Accruing Since: 8/01/2000
Settlement Date: 8/31/2000 WHOLE 30 year WAC: 8.90 WAM: 355.00
</TABLE>
Months CPR
7 40.00
360 10.00
98-20 8.091
98-24 8.059
98-28 8.026
99- 0 7.994
99- 4 7.962
99- 8 7.930
99-12 7.898
99-16 7.866
99-20 7.835
99-24 7.803
99-28 7.771
100- 0 7.740
100- 4 7.708
100- 8 7.677
100-12 7.645
100-16 7.614
100-20 7.583
100-24 7.552
100-28 7.521
101- 0 7.490
101- 4 7.459
101- 8 7.428
101-12 7.397
AVG LIFE 5.54
DURATION 3.94
FIRST PAY 9/00
LAST PAY 10/17
THE ANALYSES, CALCULATIONS AND VALUATIONS USED HEREIN ARE BASED ON CERTAIN
ASSUMPTIONS AND DATA PROVIDED BY THIRD PARTIES WHICH MAY VARY FROM THE ACTUAL
CHARACTERISTICS OF THE POOL. NEITHER THE UNDERWRITER NOR THE ISSUER MAKES ANY
REPRESENTATION THAT SUCH ANALYSES OR CALCULATIONS ARE ACCURATE OR THAT SUCH
VALUATIONS REPRESENT LEVELS WHERE ACTUAL TRADES MAY OCCUR. INVESTORS SHOULD
RELY ON THE INFORMATION CONTAINED IN OR FILED WITH THE PROSPECTUS/PROSPECTUS
SUPPLEMENT. PRELIMINARY COLLATERAL INFORMATION IS FURNISHED TO YOU SOLELY BY
THE UNDERWRITER. NEITHER THE ISSUER NOR ANY OF ITS AFFILIATES OR THE
UNDERWRITER MAKES ANY REPRESENTATION AS TO THE ACCURACY OR COMPLETENESS OF THE
INFORMATION HEREIN. THE INFORMATION HEREIN IS PRELIMINARY AND WILL BE
SUPERSEDED BY THE DESCRIPTION OF THE COLLATERAL CONTAINED IN THE APPLICABLE
PROSPECTUS SUPPLEMENT AND BY ANY OTHER INFORMATION FILED WITH THE SECURITIES
AND EXCHANGE COMMISSION. THE INFORMATION HEREIN SUPERSEDES THE INFORMATION ON
ANY AND ALL PRIOR COLLATERAL TERM SHEETS OR OTHER COMPUTATIONAL MATERIALS.
<TABLE>
<CAPTION>
DLJ Yields Given Prices Report FNT00-1G2 30 year 8.0's
User ID: lena Deals Directory: /ops/intexdeals Date: 08/18/2000 13:30:15
Bond: A4 Balance: 103,497,545 Coupon:7.750000
Delay: 24 Class Factor: 1.00 Accruing Since: 8/01/2000
Settlement Date: 9/2000 WHOLE 30 year WAC: 8.90 WAM: 355.00
Months PSA PSA PSA PSA PSA PSA
480 100 125 150 200 250 325
<S> <C> <C> <C> <C> <C> <C> <C>
98-20 8.070 8.091 8.091 8.091 8.091 8.127
98-24 8.041 8.059 8.059 8.059 8.059 8.090
98-28 8.013 8.028 8.028 8.028 8.028 8.054
99- 0 7.985 7.997 7.997 7.997 7.997 8.017
99- 4 7.957 7.965 7.965 7.965 7.965 7.980
99- 8 7.928 7.934 7.934 7.934 7.934 7.944
99-12 7.900 7.903 7.903 7.903 7.903 7.908
99-16 7.872 7.872 7.872 7.872 7.872 7.871
99-20 7.845 7.841 7.841 7.841 7.841 7.835
99-24 7.817 7.810 7.810 7.810 7.810 7.799
99-28 7.789 7.779 7.779 7.779 7.779 7.763
100- 0 7.761 7.748 7.748 7.748 7.748 7.727
100- 4 7.733 7.718 7.716 7.718 7.718 7.691
100- 8 7.706 7.687 7.687 7.687 7.687 7.655
100-12 7.678 7.656 7.656 7.656 7.656 7.619
100-16 7.651 7.626 7.626 7.626 7.626 7.583
100-20 7.623 7.595 7.595 7.595 7.595 7.548
100-24 7.596 7.565 7.565 7.565 7.565 7.512
100-28 7.568 7.534 7.534 7.534 7.534 7.476
101- 0 7.541 7.504 7.504 7.504 7.504 7.441
101- 4 7.514 7.474 7.474 7.474 7.474 7.405
101- 8 7.487 7.444 7.444 7.444 7.444 7.370
101-12 7.460 7.414 7.414 7.414 7.414 7.335
AVG LIFE 6.28 5.49 5.49 5.49 5.49 4.39
DURATION 4.48 4.04 4.04 4.04 4.04 3.45
FIRST PAY 10/00 10/00 10/00 10/00 10/00 10/00
LAST PAY 9/15 9/15 9/15 9/15 9/15 1/12
PSA PSA
400 500
<C> <C>
8.167 8.216
8.124 8.166
8.082 8.116
8.040 8.067
7.997 8.017
7.955 7.968
7.913 7.919
7.871 7.870
7.828 7.820
7.786 7.771
7.745 7.722
7.703 7.674
7.661 7.625
7.619 7.576
7.578 7.528
7.536 7.479
7.495 7.431
7.453 7.382
7.412 7.334
7.371 7.286
7.330 7.238
7.289 7.190
7.248 7.142
AVG LIFE 3.62 3.00
DURATION 2.97 2.55
FIRST PAY 10/00 10/00
LAST PAY 6/08 5/06
</TABLE>
THE ANALYSES, CALCULATIONS AND VALUATIONS USED HEREIN ARE BASED ON CERTAIN
ASSUMPTIONS AND DATA PROVIDED BY THIRD PARTIES WHICH MAY VARY FROM THE ACTUAL
CHARACTERISTICS OF THE POOL. NEITHER THE UNDERWRITER NOR THE ISSUER MAKES ANY
REPRESENTATION THAT SUCH ANALYSES OR CALCULATIONS ARE ACCURATE OR THAT SUCH
VALUATIONS REPRESENT LEVELS WHERE ACTUAL TRADES MAY OCCUR. INVESTORS SHOULD
RELY ON THE INFORMATION CONTAINED IN OR FILED WITH THE PROSPECTUS/PROSPECTUS
SUPPLEMENT. PRELIMINARY COLLATERAL INFORMATION IS FURNISHED TO YOU SOLELY BY
THE UNDERWRITER. NEITHER THE ISSUER NOR ANY OF ITS AFFILIATES OR THE
UNDERWRITER MAKES ANY REPRESENTATION AS TO THE ACCURACY OR COMPLETENESS OF THE
INFORMATION HEREIN. THE INFORMATION HEREIN IS PRELIMINARY AND WILL BE
SUPERSEDED BY THE DESCRIPTION OF THE COLLATERAL CONTAINED IN THE APPLICABLE
PROSPECTUS SUPPLEMENT AND BY ANY OTHER INFORMATION FILED WITH THE SECURITIES
AND EXCHANGE COMMISSION. THE INFORMATION HEREIN SUPERSEDES THE INFORMATION ON
ANY AND ALL PRIOR COLLATERAL TERM SHEETS OR OTHER COMPUTATIONAL MATERIALS.
