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) November 27, 1995
PRUDENTIAL SECURITIES SECURED FINANCING CORPORATION (as depositor
under the Pooling and Servicing Agreement, to be dated December
6, 1995 providing for the issuance of Mortgage Pass-Through
Certificates, 1995-2)
Prudential Securities Secured Financing Corporation
(Exact name of registrant as specified in its charter)
Delaware 33-91148 13-3526694
(State or Other Jurisdiction (Commission (I.R.S. Employer
of Incorporation) File Number) Identification No.)
One New York Plaza, 15th Floor
New York, New York 10292
(Address of Principal (Zip Code)
Executive Offices)
Registrant's telephone number, including area code (212) 778-2329
_________________________________________________________________
Item 5. Other Events
The Registrant registered issuances of Pass-Through
Certificates on a delayed or continuous basis pursuant to Rule
415 under the Securities Act of 1933, as amended (the "Act"), by
a Registration Statement on Form S-3 (Registration File No. 33-
91148). Pursuant to a base prospectus, dated August 4, 1995 and
a preliminary prospectus supplement, dated November 22, 1995, the
Registrant plans to issue, among other classes, approximately
$51,583,721.78 in aggregate principal amount of Class A Mortgage
Pass-Through Certificates, Series 1995-2 (the "Offered
Certificates") on or about December 6, 1995. This Current Report
on Form 8-K discloses the use of computational materials by the
underwriter in connection with the offering of the Offered
Certificates. A copy of such computational materials is attached
hereto as Exhibit 1.
EXHIBIT INDEX
EXHIBIT NO. DESCRIPTION PAGE NO.
1. Computational Materials used in E-1
connection with the offering of
Offered Certificates.
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.
PRUDENTIAL SECURITIES SECURED
FINANCING CORPORATION
By: /s/ Paul Jenison
PAUL JENISON
VICE PRESIDENT
Dated: November 29, 1995
Exhibit E-1
Prudential Securities Secured Financing
Series 1995-2 Class A Certificates
The analysis in this report is accurate to the best of PSI's
knowledge and is based on information provided by the Servicer.
PSI makes no representations as to the accuracy of such
information provided to it by the Servicer. All assumptions and
information in this report reflect PSI's judgment as of this date
and are subject to change. All analyses are based on certain
assumptions noted herein and different assumptions could yield
substantially different results. You are cautioned that there is
no universally accepted method for analyzing financial
instruments. You should review the assumptions; there may be
differences between these assumptions and your actual business
practices. Further, PSI does not guarantee any results and there
is no guarantee as to the liquidity of the instruments involved
in this analysis. The decision to adopt any strategy remains
your responsibility. PSI (or any of its affiliates) or their
officers, directors, analysts or employees may have positions in
securities, commodities or derivative instruments thereon
referred to here, and may, as principal or agent, buy or sell
such securities, commodities or derivative instruments. In
addition, PSI may make a market in the securities referred to
herein. Neither the information nor the assumptions reflected
herein shall be construed to be, or constitute, an offer to sell
or buy or a solicitation of an offer to sell or buy any
securities, commodities or derivative instruments mentioned
herein. No sale of any securities, commodities or derivative
instruments should be consumated without the purchaser first
having received a prospectus and, if required, prospectus
supplement. Finally, PSI has not addressed the legal, accounting
and tax implications of the analysis with respect to you, and PSI
strongly urges you to seek advice from your counsel, accountant
and tax advisor.
Prudential Securities Secured Financing
Series 1995-2 Class A Certificates
Title of Securities: PSSF 1995-2, Class A Adjustable Rate
Certificates (the "Certificates").
Collateral: Fixed Pool of Adjustable Rate, First and
Second Lien Home Equity Lines of Credit (the
"Loans").
Prepayment
Assumption: [26% CPR].
Approximate Size: $51,583,721.78.
Average Life
to Call: [2.98 years].
Average Life
to Maturity: [3.28 years].
Stated Coupon: LIBOR + [ ].
Monthly Coupon: The lesser of:
1) One Month LIBOR + [ ] bps prior to the
10% Clean-up Call and One Month LIBOR +
[ ] bps after the 10% Clean-up Call
2) The Available Funds Cap.
Available Funds Cap
Information: Currently, the Available Funds Cap is
approximately 18.9% (calculated using the
weighted average life-cap of the Loans less
approximate servicing fees and other ongoing
fees of the trust).
Expected Maturity
to Call: [07/15/03] at pricing speed.
Expected Maturity: [08/15/15] at pricing speed.
Stated Maturity: [10/15/16].
Servicer: Irwin Home Equity Corporation.
Servicer Fee: 100 bps per annum.
Trustee: Chase Manhattan Bank, N.A.
Certificate
Ratings: The Class A Certificates will be rated
AAA/Aaa by Standard & Poor's "S&P") and
Moody's Investors Service ("Moody's").
Certificate
Insurer: Municipal Bond Investors Assurance
Corporation ("MBIA") MBIA's claims-paying
ability is rated AAA/Aaa by Standard & Poor's
and Moody's.
Certificate
Insurance: Timely payments of interest and ultimate
payment of principal on the Class A
Certificates will be 100% guaranteed by MBIA.
Principal
Amortization
of the Loans: The Loans generally have original terms to
stated maturity of 20 years and have
scheduled payments of interest only for the
first 10 years. On the 11th year, each loan
has scheduled payments on a ten-year fully
amortizing basis.
Payments of
Principal
on the
Certificates: Prior to the scheduled amortization period of
the Loans, the Certificates will receive
payments of principal from prepayments and
from net liquidation proceeds in the
following manner:
1) All principal prepayments will be applied
first to the loan balance included in the
trust, regardless of subsequent draws on
the line of credit not included in the
trust.
2) Net liquidation proceeds received on a
defaulted mortgage loan will be allocated
on a pro rata basis between the loan
balance in the trust and loan balance
resulting from subsequent draws on the
line of credit not included in the trust.
Reserve Account: Initial Deposit: 5.75% of Original Class A
(Approximately) Certificate Balance. Target: 8.50% of
Original Class A Certificate Balance.
[The Required Reserve level is subject to
step downs beginning in month [30] if certain
tests are met.]
Prudential Securities Secured Financing
Series 1995-2 Class A Certificates
Credit Enhancement: 1) Reserve Account as described above.
2) 100% wrap from MBIA guarantee of timely
interest and ultimate principal to the
extent the Reserve Account is reduced to
zero.
Flow of Funds: 1) to the Servicer, any unreimbursed
advances on a mortgage loan which is
determined by the Servicer, in its good
faith judgment, to not be ultimately
recoverable from either any future
collections of such mortgage loan or upon
liquidation
2) to the Servicer, the Servicer Fee
(100 bps)
3) to the Certificate Insurer, the Premium
[ bps]
4) to the Trustee, the Trustee Fee (0.5 bps)
5) to the Class A, accrued monthly interest
6) to the Class A, monthly principal
7) to the Surety Provider, any unreimbursed
draws
8) to the Reserve Account up to its target
amount as described above, and
9) to the Class R.
Clean-up Call: 10% of the original principal balance at the
greater of par or fair market value of the
[bonds] plus accrued interest.
Payment Date: The 15th day of each month or, if such day is
not a business day, the next succeeding
business day, beginning on December 15, 1995.
Interest Accrual
Period: Interest will accrue from the 15th day of the
preceeding month until the 14th day of the
current month (from Payment Date to Payment
Date).
Interest
Adjusments: The interest rates on the underlying home
equity lines of credit will adjust monthly
and are all indexed to Prime.
Payment
Adjustments: The payment on loans also adjust monthly.
Pricing Date: November [ ], 1995.
Settlement Date: [November/December] [ ], 1995.
ERISA
Consideration: The Class A Certificates will be ERISA
eligible. However, investors should consult
with their counsel with respect to the
consequences under ERISA and the Internal
Revenue Code of the Plan's acquisition and
ownership of such Certificates.
SMMEA
Considerations: The Class A Certificates are not SMMEA
eligible.
Taxation: REMIC.
Pool Information: Loans #: 1550 [Approximate]
Balance: $51,583,721.78 [Approximate]
Avg Unpaid Balance: $33,280 [Approximate]
Avg Max Credit: $37,292 [Approximate]
WA Loan Use Ratio: 93.5% [Approximate]
WAC: 13.639% [Approximate]
WAM: 237 mo. [Approximate]
CA Conc.: 20% [Approximate]
WA Original CLTV*: 92.2% [Approximate]
WA Current CLTV*: 90.5% [Approximate]
% 2nd Lien: 98.0% [Approximate]
WA Gross Cap: 20.15% [Approximate]
WA Gross Margin: 4.89% [Approximate]
WA Gross Floor: 11.78% [Approximate]
Index: Prime
* Note: CLTV's are based on fully drawn lines
Prospectus: The Certificates are being offered pursuant
to a Prospectus which includes a Prospectus
Supplement (together, the "Prospectus").
Complete information with respect to the
Certificates and the Mortgage Loans is
contained in the Prospectus. The foregoing
is qualified in its entirety by the
information appearing in the Prospectus. To
the extent that the foregoing is inconsistent
with the Prospectus, the Prospectus shall
govern in all respects. Sales of the
Certificates may not be consumated unless the
purchaser has received the Prospectus.
Prudential Securities Secured Financing
Series 1995-2 Class A Certificates
PRICED TO CALL
--------------
CURRENT BALANCE: $51,583,721.78 DATED DATE: 12/01/95
CURRENT COUPON: 6.063% FIRST PAYMENT: 12/15/95
FACTOR: 1.0000000000 TOTAL CLASSES: 1
ORIGINAL BALANCE: $51,583,721.78 YIELD TABLE DATE: 12/01/95
PSSF52
BOND A1 DISCOUNT MARGIN ACT/360 TABLE
ASSUMED CONSTANT LIBOR-1M 5.8125
PRICING SPEED
26.0% 18.00% 20.00% 23.00% 28.00% 30.00% 35.00%
PRICE CPR CPR CPR CPR CPR CPR CPR
99-24 34.585 31.812 32.456 33.492 35.323 36.106 38.129
99-25 33.385 30.958 31.523 32.429 34.030 34.715 36.484
99-26 32.185 30.106 30.589 31.366 32.738 33.325 34.841
99-27 30.986 29.254 29.656 30.303 31.446 31.935 33.199
99-28 29.787 28.402 28.724 29.241 30.156 30.547 31.557
99-29 28.590 27.551 27.792 28.180 28.866 29.159 29.916
99-30 27.392 26.700 26.861 27.120 27.576 27.772 28.277
99-31 26.196 25.850 25.930 26.059 26.288 26.386 26.638
100-00 25.000 25.000 25.000 25.000 25.000 25.000 25.000
100-01 23.805 24.151 24.070 23.941 23.713 23.615 23.363
100-02 22.610 23.302 23.141 22.883 22.426 22.231 21.727
100-03 21.416 22.453 22.212 21.825 21.141 20.848 20.092
100-04 20.223 21.606 21.284 20.768 19.856 19.465 18.457
First Call 0.039 0.039 0.039 0.039 0.039 0.039 0.039
Average Life 2.984 4.485 4.019 3.439 2.740 2.521 2.090
Last Payment 7.622 11.206 10.206 8.789 7.039 6.456 5.372
Mac.Dur.
@ 100-00 2.589 3.644 3.328 2.922 2.404 2.235 1.890
Prudential Securities Secured Financing
Series 1995-2 Class A Certificates
PRICED TO MATURITY
------------------
CURRENT BALANCE: $51,583,721.78 DATED DATE: 12/01/95
CURRENT COUPON: 6.063% FIRST PAYMENT: 12/15/95
FACTOR: 1.0000000000 TOTAL CLASSES: 1
ORIGINAL BALANCE: $51,583,721.78 YIELD TABLE DATE: 12/01/95
PSSF52
BOND A1 DISCOUNT MARGIN ACT/360 TABLE
ASSUMED CONSTANT LIBOR-1M 5.8125
PRICING SPEED
26.0% 18.00% 20.00% 23.00% 28.00% 30.00% 35.00%
PRICE CPR CPR CPR CPR CPR CPR CPR
99-24 34.031 31.577 32.158 33.071 34.699 35.389 37.212
99-25 32.900 30.753 31.262 32.060 33.484 34.087 35.683
99-26 31.769 29.930 30.365 31.049 32.270 32.787 34.154
99-27 30.639 29.107 29.470 30.039 31.056 31.487 32.626
99-28 29.510 28.285 28.575 29.030 29.843 30.188 31.098
99-29 28.382 27.463 27.680 28.022 28.631 28.890 29.572
99-30 27.254 26.641 26.786 27.014 27.420 27.592 28.047
99-31 26.126 25.820 25.893 26.007 26.210 26.296 26.523
100-00 25.000 25.000 25.000 25.000 25.000 25.000 25.000
100-01 23.874 24.180 24.108 23.994 23.791 23.705 23.478
100-02 22.749 23.361 23.216 22.989 22.583 22.411 21.957
100-03 21.625 22.542 22.325 21.984 21.375 21.118 20.436
100-04 20.501 21.723 21.434 20.980 20.169 19.825 18.917
First Call 0.039 0.039 0.039 0.039 0.039 0.039 0.039
Average Life 3.278 4.782 4.319 3.743 3.016 2.785 2.314
Last Payment 19.706 19.706 19.706 19.706 19.706 19.706 19.706
Mac.Dur.
@ 100-00 2.749 3.774 3.468 3.076 2.559 2.390 2.033
Prudential Securities Secured Financing
Series 1995-2 Class A Certificates
________________________________________________________________________
- PSSF52
- Cut Off Date of Tape is 10/31/95
- HELOC Collateral
- $51,583,721.78
_________________________________________________________________________
Number of Mortgage Loans: 1,550
Index: PRIME
Aggregate Unpaid Principal Balance: $51,583,721.78
Aggregate Max Credit: $57,802,875.00
_________________________________________________________________________
Weighted Average Coupon (Gross): 13.639%
Gross Coupon Range: 10.650% - 15.650%
_________________________________________________________________________
Weighted Average Margin (Gross): 4.889%
Gross Margin Range: 1.900% - 6.900%
Weighted Average Life Cap (Gross): 20.152%
Gross Life Cap Range: 15.650% - 23.900%
Weighted Average Life Floor (Gross): 11.782%
Gross Life Floor Range: 8.650% - 13.900%
_________________________________________________________________________
Average Unpaid Principal Balance: $33,279.82
Average Max Credit: $37,292.18
Maximum Unpaid Principal Balance: $174,000.00
Minimum Unpaid Principal Balance: $214.87
Maximum Max Credit: $250,000.00
Minimum Max Credit: $10,000.00
<TABLE>
<CAPTION>
Prudential Securities Secured Financing
Series 1995-2 Class A Certificates
<S> <C> <C> <C>
Weighted Avg. Stated Rem. Term (LPD to Mat Date): 236.938
Stated Rem Term Range: 233.000 - 240.000
Weighted Average Age (First Pay thru Last Pay): 3.062
Age Range: 0.000 - 7.000
Weighted Average Original Term: 240.000
Original Term Range: 240.000 - 240.000
Weighted Average Original Combined LTV: 92.232 !ORIGINAL COMBINED LTV
CLTV Range: 16.800% - 100.000% RANGE(1st Mort + Max
Credit) / Appraisal)
Weighted Average Current Combined LTV: 90.495 !CURRENT COMBINED LTV
CLTV Range: 10.164% - 100.000% RANGE(1st Mort + Unpaid
Balance) / Appraisal)
Weighted Average 2nd Mort Ratio: 27.935 !Max Credit /(Max Credit +
Ratio Range: 2.708 - 100.000 First Mort)
Weighted Average Loan Use Ratio: 93.473 !LOAN USE RATIO (Current
Loan Ratio Range: 0.255% - 100.000% Balance / Max Credit)
Weighted Average Months to Interest Roll: 1.000
Months to Interest Roll Range: 1 - 1
____________________________________________________________________________________________________
</TABLE>
Prudential Securities Secured Financing
Series 1995-2 Class A Certificates
GROSS COUPON
_______________________________________________________________________________
Total
Gross # % Current
Coupon Loan Pool Balance
10.50% Gross Coupon <= 10.75% 118 9.97 $5,140,329.09
10.75% Gross Coupon <= 11.00% 1 .02 $10,000.00
11.50% Gross Coupon <= 11.75% 119 8.27 $4,265,620.60
12.00% Gross Coupon <= 12.25% 1 .19 $100,000.00
12.50% Gross Coupon <= 12.75% 217 14.67 $7,567,160.08
13.00% Gross Coupon <= 13.25% 3 .29 $150,395.09
13.50% Gross Coupon <= 13.75% 181 11.16 $5,756,553.29
14.00% Gross Coupon <= 14.25% 2 .10 $52,013.88
14.50% Gross Coupon <= 14.75% 730 50.21 $25,898,231.82
15.00% Gross Coupon <= 15.25% 2 .06 $31,010.70
15.50% Gross Coupon <= 15.75% 176 5.06 $2,612,407.23
_______________________________________________________________________________
Total..... 1,550 100.00% $51,583,721.78
===============================================================================
GROSS MARGIN
_____________________________________________________________________________
Total
Gross # % Current
Margin Loan Pool Balance
1.75% Gross Margin <= 2.00% 118 9.97 $5,140,329.09
2.00% Gross Margin <= 2.25% 1 .02 $10,000.00
2.75% Gross Margin <= 3.00% 119 8.27 $4,265,620.60
3.25% Gross Margin <= 3.50% 1 .19 $100,000.00
3.75% Gross Margin <= 4.00% 217 14.67 $7,567,160.08
4.25% Gross Margin <= 4.50% 3 .29 $150,395.09
4.75% Gross Margin <= 5.00% 181 11.16 $5,756,553.29
5.25% Gross Margin <= 5.50% 2 .10 $52,013.88
5.75% Gross Margin <= 6.00% 730 50.21 $25,898,231.82
6.00% Gross Margin <= 7.00% 178 5.12 $2,643,417.93
_______________________________________________________________________________
Total..... 1,550 100.00% $51,583,721.78
==============================================================================
GROSS LIFE CAP
_______________________________________________________________________________
Total
Gross # % Current
Life Cap Loan Pool Balance
15.50% Gross Life Cap <= 15.75 1 .07 $38,637.13
15.75% Gross Life Cap <= 16.00 1 .07 $35,325.82
16.50% Gross Life Cap <= 16.75 2 .11 $56,026.23
16.75% Gross Life Cap <= 17.00 3 .13 $68,894.12
17.50% Gross Life Cap <= 17.75 5 .26 $132,800.00
17.75% Gross Life Cap <= 18.00 497 31.37 $16,182,755.38
18.50% Gross Life Cap <= 18.75 21 1.49 $766,727.02
18.75% Gross Life Cap <= 19.00 58 4.55 $2,346,704.83
19.00% Gross Life Cap <= 19.25 1 .02 $10,000.00
19.50% Gross Life Cap <= 19.75 51 3.47 $1,788,299.38
19.75% Gross Life Cap <= 20.00 187 12.88 $6,645,281.87
20.50% Gross Life Cap <= 20.75 50 2.80 $1,444,552.47
20.75% Gross Life Cap <= 21.00 244 15.31 $7,895,014.71
21.00% Gross Life Cap <= 22.00 93 6.06 $3,126,011.73
22.00% Gross Life Cap <= 23.00 280 19.75 $10,188,707.50
23.00% Gross Life Cap <= 24.00 56 1.66 $857,983.59
______________________________________________________________________________
Total..... 1,550 100.00% $51,583,721.78
==============================================================================
Prudential Securities Secured Financing
Series 1995-2 Class A Certificates
GROSS LIFE FLOOR
____________________________________________________________________
Total
Gross # % Current
Life Floor Loan Pool Balance
8.50% < Life Floor <= 8.75% 38 3.26 $1,681,237.28
8.75% < Life Floor <= 9.00% 80 6.71 $3,459,091.81
9.00% < Life Floor <= 9.25% 1 .02 $10,000.00
9.50% < Life Floor <= 9.75% 50 3.26 $1,682,619.21
9.75% < Life Floor <=10.00% 69 5.01 $2,583,001.39
10.25% < Life Floor <=10.50% 1 .19 $100,000.00
10.50% < Life Floor <=10.75% 76 4.75 $2,448,956.23
10.75% < Life Floor <=11.00% 141 9.92 $5,118,203.85
11.00% < Life Floor <=11.25% 1 .18 $93,292.86
11.25% < Life Floor <=11.50% 1 .08 $38,700.00
11.50% < Life Floor <=11.75% 68 3.90 $2,013,150.48
11.75% < Life Floor <=12.00% 112 7.24 $3,732,402.81
12.25% < Life Floor <=12.50% 2 .10 $52,013.88
12.50% < Life Floor <=12.75% 295 18.86 $9,731,267.01
12.75% < Life Floor <=13.00% 511 33.49 $17,276,107.45
13.00% < Life Floor <=13.25% 1 .03 $15,443.77
13.50% < Life Floor <=13.75% 15 .44 $228,806.99
13.75% < Life Floor <=14.00% 88 2.56 $1,319,426.76
____________________________________________________________________
Total..... 1,550 100.00% $51,583,721.78
====================================================================
REMAINING TERM TO STATED MATURITY
________________________________________________________________
Total
# % Current
Months Loan Pool Balance
233 38 2.62 $1,351,429.92
234 85 6.97 $3,595,089.12
235 186 13.07 $6,741,341.93
236 252 16.48 $8,498,641.76
237 288 18.54 $9,563,489.25
238 336 19.97 $10,302,131.12
239 319 19.28 $9,943,880.10
240 46 3.08 $1,587,718.58
____________________________________________________________
Total..... 1,550 100.00% $51,583,721.78
===========================================================
ORIGINATION YEAR
___________________________________________________________
Total
Year of # % Current
Origination Loan Pool Balance
1995 1,550 100.00 $51,583,721.78
____________________________________________________________
Total..... 1,550 100.00% $51,583,721.78
============================================================
Prudential Securities Secured Financing
Series 1995-2 Class A Certificates
ORIGINAL COMBINED LTV RANGE((1st Mort + Max Credit)/Appraisal
_________________________________________________________________
Total
LTV # % Current
RANGE Loan Pool Balance
0.000 < LTV <= 50.000 22 1.80 $930,320.28
50.000 < LTV <= 55.000 6 .36 $187,518.63
55.000 < LTV <= 60.000 8 .44 $226,171.98
60.000 < LTV <= 65.000 8 .48 $249,542.32
65.000 < LTV <= 70.000 10 1.01 $522,149.89
70.000 < LTV <= 75.000 17 1.59 $820,443.15
75.000 < LTV <= 80.000 86 6.30 $3,252,104.11
80.000 < LTV <= 85.000 138 8.58 $4,428,315.60
85.000 < LTV <= 90.000 292 18.25 $9,413,182.99
90.000 < LTV <= 95.000 129 9.37 $4,831,277.33
95.000 < LTV <= 100.000 834 51.80 $26,722,695.50
_________________________________________________________________
Total..... 1,550 100.00% $51,583,721.78
=================================================================
LOAN USE RATIO ( Current Balance / Max Credit)
_________________________________________________________________
Total
RATIO # % Current
RANGE Loan Pool Balance
0.000 < Loan Ratio <= 5.000 3 .00 $1,109.78
5.000 < Loan Ratio <= 10.000 4 .04 $22,347.77
15.000 < Loan Ratio <= 20.000 4 .06 $32,617.25
20.000 < Loan Ratio <= 25.000 6 .16 $83,487.75
25.000 < Loan Ratio <= 30.000 6 .18 $95,298.41
30.000 < Loan Ratio <= 35.000 10 .27 $141,273.65
35.000 < Loan Ratio <= 40.000 13 .56 $291,067.55
40.000 < Loan Ratio <= 45.000 7 .29 $148,919.52
45.000 < Loan Ratio <= 50.000 19 .91 $470,892.59
50.000 < Loan Ratio <= 55.000 24 .93 $480,458.45
55.000 < Loan Ratio <= 60.000 29 1.32 $680,886.32
60.000 < Loan Ratio <= 65.000 30 1.69 $873,416.26
65.000 < Loan Ratio <= 70.000 25 1.54 $794,093.66
70.000 < Loan Ratio <= 75.000 42 2.61 $1,344,108.25
75.000 < Loan Ratio <= 80.000 31 2.03 $1,046,923.47
80.000 < Loan Ratio <= 85.000 31 2.33 $1,199,882.88
85.000 < Loan Ratio <= 90.000 46 3.67 $1,895,194.10
90.000 < Loan Ratio <= 95.000 78 5.30 $2,734,822.71
95.000 < Loan Ratio <= 100.000 1,142 76.08 $39,246,921.41
_________________________________________________________________
1,550 100.00% $136,393,721.78
=================================================================
2nd MORTGAGE RATIO (Max Credit / (Max Credit + 1st Mort))
_________________________________________________________________
Total
RATIO # % Current
RANGE Loan Pool Balance
0.000 < RATIO <=10.000 66 2.21 $1,140,920.19
10.000 < RATIO <=20.000 608 32.27 $16,644,236.57
20.000 < RATIO <=30.000 506 34.21 $17,648,168.16
30.000 < RATIO <=40.000 223 17.92 $9,243,582.41
40.000 < RATIO <=50.000 78 6.47 $3,336,897.04
50.000 < RATIO <=60.000 20 1.96 $1,009,211.84
60.000 < RATIO <=70.000 9 .68 $352,256.90
70.000 < RATIO <=80.000 11 1.14 $588,365.89
80.000 < RATIO <=90.000 4 .63 $323,508.97
90.000 < RATIO <=100.000 25 2.51 $1,296,573.81
_________________________________________________________________
Total..... 1,550 100.00% $51,583,721.78
=================================================================
Prudential Securities Secured Financing
Series 1995-2 Class A Certificates
ORIGINAL LOAN AMOUNT (LTD ADVANCES)
_________________________________________________________________
Total
Original # % Current
Mortgage Amt. Loan Pool Balance
Balance <= 25,000 545 19.08 $9,843,594.46
25,000 < Balance <= 50,000 754 48.91 $25,227,455.03
50,000 < Balance <= 75,000 177 19.39 $10,003,101.77
75,000 < Balance <= 100,000 61 9.88 $5,097,223.76
100,000 < Balance <= 150,000 10 1.78 $916,113.00
150,000 < Balance <= 203,150 3 .96 $496,233.76
_________________________________________________________________
Total..... 1,550 100.00% $51,583,721.78
=================================================================
PROPERTY-TYPE
_________________________________________________________________
Total
# % Current
Loan Pool Balance
Single-family 1,489 96.99 $50,028,487.26
PUD 26 1.33 $686,192.36
Condominiums 24 1.13 $580,581.70
Multi-Family/Apt. 11 .56 $288,460.46
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Total..... 1,550 100.00% $51,583,721.78
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GEOGRAPHIC DISTRIBUTION
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Total
# % Current
State Loans Pool Balance
CA 296 19.95 $10,288,409
CO 102 6.87 $3,546,366
FL 317 18.97 $9,785,616
GA 105 6.08 $3,134,246
IL 125 8.59 $4,428,783
IN 38 2.18 $1,122,743
MD 18 1.20 $621,414
MI 169 11.17 $5,760,602
NY 85 5.71 $2,947,274
OR 98 6.23 $3,215,738
PA 34 1.98 $1,023,370
UT 48 3.14 $1,619,040
VA 115 7.93 $4,090,120
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Total.. 1,550 100.00% $51,583,722
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