<PAGE>
- -------------------------------------------------------------------------------
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) December 20, 1996
Prudential Securities Secured Financing Corporation
- -------------------------------------------------------------------------------
(Exact name of registrant as specified in its charter)
Delaware 333-15611 13-3526694
---------------------------- ----------- -------------
(State or Other Jurisdiction (Commission (I.R.S.Employer
of Incorporation) File Number) Identification No.)
One New York Plaza
New York, New York 10292
(Address of Principal ---------------
Executive Offices) (Zip Code)
Registrant's telephone number, including area code (212) 214-7435
---------------
No Change
----------------------------------------------------------------------------
(Former name or former address, if changed since last report)
-------------------------------------------------------------------------
<PAGE>
Item 5. Other Events
In connection with the offering of Wilshire Mortgage Loan Trust
1996-4, Mortgage Pass-Through Certificates, Series 1996-4 (transaction title
changed from Series 1996-2 to Series 1996-4 subsequent to distribution of
the Computational Materials), described in a Prospectus Supplement dated
as of December 23, 1996, certain "Computational Materials" within the
meanings of the May 20, 1994 Kidder, Peabody No-Action Letter and the
February 17, 1995 Public Securities Association No-Action Letter were
furnished to certain prospective investors (the "Related Computational
Materials").
Item 7. Financial Statements, Pro Forma Financial
Information and Exhibits.
(a) Not applicable
(b) Not applicable
(c) Exhibit 99.1. Related Computational Materials (as defined in Item 5
above).
<PAGE>
SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) of the Securities
Exchange Act of 1934, the registrant has duly caused this Report to be
signed on its behalf by the undersigned thereunto duly authorized.
PRUDENTIAL SECURITIES SECURED FINANCING
CORPORATION
as Depositor and on behalf of
Wilshire Mortgage Loan Trust 1996-4
Registrant
By: /s/Norman Chaleff
----------------------------
Name: Norman Chaleff
Title: Vice President
Dated: December 26, 1996
<PAGE>
EXHIBIT INDEX
EXHIBIT NO. DESCRIPTION PAGE NO.
----------- ----------- --------
99.1 Related Computational 6
Materials (as defined
in Item 5 above).
<PAGE>
Exhibit 99.1
Wilshire Mortgage Loan Trust 1996-2
Preliminary Marketing Materials
[$65,521,000] Class A Certificates
The information provided herein is provided solely by Prudential Securities
Incorporated ("PSI") as underwriter for the Wilshire Mortgage Loan Trust 1996-2
transaction, and not by, or as agent for Wilshire Financial Services Group, Inc.
("WFSG," or the "Seller," or the "Company") or any of its affiliates. The
analysis in this report is accurate to the best of PSI's knowledge and is based
on information provided by the Seller. PSI makes no representations as to the
accuracy of such information provided to it by the Seller.
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 herein, 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.
<PAGE>
Wilshire Mortgage Loan Trust 1996-2
Preliminary Marketing Materials
Summary of Transaction
This transaction is the seventh securitization for Wilshire Financial Services
Group, and will be the first transaction since the Company became a public
entity on December 19. The collateral backing this transaction comes
from two sources. Approximately 80% of the pool (by aggregate principal balance)
consists of loans originated by a money center bank in 1989 and 1990 and
purchased by Wilshire in October of this year. The remainder of the pool
consists of loans purchased or originated in accordance with Wilshire's
80/20 program, of which the majority are first lien loans.
Four tranches of sequential pay Class A Certificates will be offered. Class
A-1 will have an average life of 1.0 year, Class A-2 will have an average
life of 3.0 years, Class A-3 will have an average life of 5.0 years,
and Class A-4 will have an average life of 9.6 years, assuming a pricing speed
of 16 CPR on the whole pool. Interest will be paid on the 25th day of
each month on a 30/360 basis. This transaction will feature a 10% clean-up
call by the Servicer. In the event that the clean-up call is not exercised ,
the Trustee shall solicit bids for the purchase(the "Auction Sale") of all
Mortgage Loans remaining in the Trust.
This transaction has credit enhancement in the form of a 100% guaranty of timely
payment of interest and eventual payment of principal from Financial
Security Assurance, Inc.("FSA"). The transaction will be rated
AAA/Aaa by S&P and Moody's based on the guaranty from FSA.
In addition, subordination of the Class B Certificates,
comprising 3.25% of the total original principal amount, shall serve as further
credit enhancement to the Class A Certificates. Moreover,
overcollateralization initially at 0% and growing to 2.75%
will function as additional credit enhancement.
<PAGE>
Wishire Mortgage Loan Trust 1996-2
Title of Securities: Wilshire Mortgage Loan Trust Mortgage Pass-Through
Certificates, Series 1996-2, Classes A-1, A-2, A-3,and
A-4, the "Certificates."
Collateral: The majority of the pool are fixed rate loans
originated by a major bank and subsequently purchased
by Wilshire Financial Services Group (80%). The
remainder of the pool is loans originated per
Wilshire's 80/20 program.
Approximate Size: $65.5 million
Payment Date: The 25th day of the month or, if such day is not a
business day, the next succeeding business day,
beginning on January 27, 1996.
Interest Accrual
Period: Interest will accrue from the 11th day of the preceding
month until the 10th day of the current month.
Payment Delay: 14 days.
Pricing Date: [Friday, December 20, 1996]
Settlement Date: [Friday, December 27, 1996]
Servicer: Wilshire Credit Corporation ("WCC")
Servicing Fee: 0.375% on a per annum basis
Backup Servicer: []
Backup Servicing Fee: Up to 0.500% on a per annum basis
Trustee: Bankers Trust Company of California, N.A.
Certificate Ratings: The Certificates will be rated AAA/Aaa by S&P and
Moody's.
Certificate Insurer: Financial Security Assurance, Inc. ("FSA"). FSA's claims
paying ability is rated AAA/Aaa by S&P and Moody's.
Certificate Insurance: Timely payments of interest and eventual payment of
principal on the Certificates will be 100% guaranteed
by FSA.
Cashflow Priority: 1) The Trustee fee
2) The Certificate Insurer's fee
3) Accrued monthly interest for the Class A
Certificate-holders
4) Monthly principal for the Class A
Certificate-holders
5) Accrued monthly interest for the Class B
Certificate-holders
6) Excess cashflow to build O/C
7) Released to the residual holder
Credit Enhancement: 1) 100% wrap from FSA guaranteeing timely payment of
interest and eventual payment of principal.
2) Subordination of the Class B bonds.
3) Overcollateralization.
4) Excess monthly cash flow.
THIS PAGE MUST BE ACCOMPANIED WITH A DISCLAIMER. IF YOU
DID NOT RECEIVE SUCH A DISCLAIMER,PLEASE CONTACT YOUR
PRUDENTIAL SECURITIES INCORPORATED FINANCIAL ADVISOR
IMMEDIATELY.
THIS COLLATERAL TERMSHEET SUPERSEDES ANY PREVIOUS
COLLATERAL TERMSHEETS AND WILL BE SUPERSEDED BY THE
COLLATERAL INFORMATION IN THE PROSPECTUS SUPPLEMENT.
<PAGE>
<TABLE>
<CAPTION>
Wishire Mortgage Loan Trust 1996-2
Class A-1 Class A-2 Class A-3 Class A-4
<S> <C> <C> <C> <C>
Face Amount: [$24,200,000] [$13,000,000] [$11,000,000] [$17,321,000]
Average Life to
Maturity: [1.00] yrs. [3.00] yrs. [4.99] yrs. [9.63] yrs.
Average Life to 10%
Clean-up Call: [1.00] yrs. [3.00] yrs. [4.99] yrs. [9.16] yrs.
Price:
Spread:
Coupon:
Yield (CBE):
Pricing Speed: 16 CPR 16 CPR 16 CPR 16 CPR
Day Count: 30/360 30/360 30/360 30/360
Expected Maturity: [2/25/99] [11/25/00] [2/25/03] [2/25/13]
Expected Maturity to
10% Clean-up Call: [2/25/99] [11/25/00] [2/25/03] [7/25/08]
Final Maturity: [5/25/11] [6/25/15] [12/25/17] [12/25/20]
THIS PAGE MUST BE ACCOMPANIED WITH A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH A DISCLAIMER,
PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED FINANCIAL ADVISOR IMMEDIATELY.
THIS COLLATERAL TERMSHEET SUPERSEDES ANY PREVIOUS COLLATERAL TERMSHEETS AND WILL
BE SUPERSEDED BY THE COLLATERAL INFORMATION IN THE PROSPECTUS SUPPLEMENT.
</TABLE>
<PAGE>
Wilshire Mortgage Loan Trust 1996-2
Overcollateralization: The credit enhancement provisions of the trust are
intended to provide for the limited acceleration of the
Certificates relative to the amortization of the
related collateral, generally in the early months of
the transaction. Accelerated amortization is achieved
by applying certain excess interest collected on the
collateral to the payment of the principal on the
Certificates, resulting in the build up of O/C. By
paying down the principal balance of the Certificates
faster than the principal amortization of the
respective collateral pool, an overcollateralization
amount equal to the excess of the aggregate pricipal
balance of the Collateral Pool over the principal
balance of the related Certificates is created. Excess
cashflow will be directed to build the O/C amount
until the pool reaches its required O/C target. Upon
this event, the acceleration feature will cease, unless
it is once again necessary to maintain the required O/C
level. Note also that the subordinated Class B
Certificates, making up approximately 3.25% of the
original principal balance, also function as additional
overcollateralization.
Subordination (B-piece)
Percentage: 3.25%
Initial
Overcollateralization: 0%
Target
Overcollateralization: 2.75%
Clean-up Call: The Servicer has the right to purchase the mortgage
loans from the Trust when the outstanding aggregate
principal balance of the mortgage loans has declined to
10% or less of the initial aggregate principal balance
of the mortgage loans. The option to purchase the
mortgage loans is at par plus 30 days accrued interest.
Auction Call: In the event that the Seller does not exercise the
clean-up call within 90 days, the Trustee will solicit
bids for the purchase (the Auction Sale) of all
Mortgage Loans remaining in the Trust.
ERISA Considerations: The 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.
Taxation: REMIC.
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 Collateral 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.
Further
Information: Trading: Rob Karr or Greg Richter at (212) 778-2741.
Banking: Sam Ferrell at (212) 778-4944, or Evan Mitnick
at (212) 778-7469
FSG: Mike Corddry at (212) 778-2840 or Jacqui Galdieri
at (212) 778-2612.
Copies of
Prospectus: PLEASE SEND AN E-MAIL WITH CLIENT'S NAME, ADDRESS, AND
TELEPHONE NUMBER TO SAM FERRELL AT: FERRELLS.
THIS PAGE MUST BE ACCOMPANIED WITH A DISCLAIMER. IF YOU
DID NOT RECEIVE SUCH A DISCLAIMER, PLEASE CONTACT YOUR
PRUDENTIAL SECURITIES INCORPORATED FINANCIAL ADVISOR
IMMEDIATELY.
THIS COLLATERAL TERMSHEET SUPERSEDES ANY PREVIOUS
COLLATERAL TERMSHEETS AND WILL BE SUPERSEDED BY THE
COLLATERAL INFORMATION IN THE PROSPECTUS SUPPLEMENT.
<PAGE>
________________________________________________________________________________
- WILSHIRE SECURITIZATION - Deal ID "WMLT62"
- Cut Off Date of Tape is 12/10/96
- ARM/ STEP/ FIXED COLLATERAL
- $67,722,349.18
________________________________________________________________________________
Number of Mortgage Loans: 573
Aggregate Unpaid Principal Balance: $67,722,349.18
Aggregate Original Principal Balance: $72,536,863.45
Weighted Average Net Coupon: 9.551%
Net Coupon Range: 6.200% - 23.575%
Weighted Average Gross Coupon: 9.976%
Gross Coupon Range: 6.625% - 24.000%
________________________________________________________________________________
Average Unpaid Principal Balance: $118,189.09
Average Original Principal Balance: $126,591.38
Maximum Unpaid Principal Balance: $1,232,419.77
Minimum Unpaid Principal Balance: $5,375.46
Maximum Original Principal Balance: $1,300,000.00
Minimum Original Principal Balance: $5,400.00
Weighted Avg. Stated Rem.Term(LPD to Am. Mat Date): 282.999
Stated Rem Term Range: 87.000 - 360.000
Weighted Avg. Stated Rem.Term(LPD to Mat Date/Bln. Date): 281.169
Stated Rem Term Range: 34.000 - 360.000
Weighted Average Age (First Pay thru Last Pay): 66.935
Age Range: 0.000 - 94.000
Weighted Average Original Term: 348.103
Original Term Range: 36.000 - 360.000
Weighted Average Original LTV: 76.749
Original LTV Range: 8.220% - 109.010%
Weighted Average Original Combined LTV: 78.077
Original Combined LTV Range: 13.250% - 109.010%
________________________________________________________________________________
<PAGE>
ARM GROSS MORTGAGE INTEREST RATE RANGE
Percentage of
ARM Loans Aggregate Cut-Off Date
Gross Mortgage Number of Unpaid Aggregate
Interest Rate Mortgage Principal Principal
Range Loans Balance Balance
7.75% < Gross Coupon < = 8.00% 1 183,776.61 11.58
8.25% < Gross Coupon < = 8.50% 2 162,800.25 10.26
8.50% < Gross Coupon < = 8.75% 2 482,775.42 30.42
9.25% < Gross Coupon < = 9.50% 2 133,384.05 8.40
9.50% < Gross Coupon < = 9.75% 3 218,570.22 13.77
9.75% < Gross Coupon < = 10.00% 3 168,693.70 10.63
10.00% < Gross Coupon < = 10.25% 1 94,556.34 5.96
10.25% < Gross Coupon < = 10.50% 2 142,529.35 8.98
____________________________________________________________________________
Total.......... 16 $ 1,587,085.94 100.00%
============================================================================
FIXED RATE GROSS MORTGAGE INTEREST RATE RANGE
Percentage of
Fixed Rate Loans Aggregate Cut-Off Date
Gross Mortgage Number of Unpaid Aggregate
Interest Rate Mortgage Principal Principal
Range Loans Balance Balance
6.50% < Gross Coupon < = 7.00% 5 678,640.94 1.03
7.00% < Gross Coupon < = 7.50% 20 2,966,086.43 4.48
7.50% < Gross Coupon < = 7.75% 19 2,842,599.66 4.30
7.75% < Gross Coupon < = 8.00% 31 4,201,676.64 6.35
8.00% < Gross Coupon < = 8.25% 20 4,581,664.29 6.93
8.25% < Gross Coupon < = 8.50% 18 2,771,092.95 4.19
8.50% < Gross Coupon < = 8.75% 18 3,137,358.57 4.74
8.75% < Gross Coupon < = 9.00% 10 2,353,294.89 3.56
9.00% < Gross Coupon < = 9.25% 23 2,864,511.52 4.33
9.25% < Gross Coupon < = 9.50% 7 824,562.60 1.25
9.50% < Gross Coupon < = 9.75% 8 1,267,694.88 1.92
9.75% < Gross Coupon < = 10.00% 9 1,442,907.32 2.18
10.00% < Gross Coupon < = 10.25% 10 1,174,650.26 1.78
10.25% < Gross Coupon < = 10.50% 47 4,283,965.57 6.48
10.50% < Gross Coupon < = 10.75% 55 6,588,622.14 9.96
10.75% < Gross Coupon < = 11.00% 60 8,671,042.26 13.11
11.00% < Gross Coupon < = 11.25% 46 5,067,701.92 7.66
11.25% < Gross Coupon < = 11.50% 27 2,534,254.81 3.83
11.50% < Gross Coupon < = 11.75% 15 1,640,403.92 2.48
11.75% < Gross Coupon < = 12.00% 34 2,371,400.95 3.59
12.00% < Gross Coupon < = 12.25% 9 660,183.35 1.00
12.25% < Gross Coupon < = 12.50% 5 441,906.89 0.67
12.50% < Gross Coupon < = 12.75% 9 1,020,864.89 1.54
12.75% < Gross Coupon < = 13.00% 6 571,264.66 0.86
13.00% < Gross Coupon < = 13.25% 1 57,747.52 0.09
13.75% < Gross Coupon < = 14.00% 1 279,948.91 0.42
14.75% < Gross Coupon < = 15.00% 15 299,181.68 0.45
16.75% < Gross Coupon < = 17.00% 2 30,852.40 0.05
17.50% < Gross Coupon < = 18.00% 11 175,155.37 0.26
19.50% < Gross Coupon < = 20.00% 3 80,415.85 0.12
20.50% < Gross Coupon < = 21.00% 10 191,992.77 0.29
23.50% < Gross Coupon < = 24.00% 3 61,616.43 0.09
___________________________________________________________________________
Total.......... 557 $ 66,135,263.24 100.00%
============================================================================
ORIGINAL TERM
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Original Term Loans Balance Balance
24 < Orig. Term < = 36 1 315,355.58 0.47%
168 < Orig. Term < = 180 93 3,908,269.78 5.77%
348 < Orig. Term < = 360 479 63,498,723.82 93.76%
___________________________________________________________________
Total............ 573 67,722,349.18 100.00%
===================================================================
<PAGE>
REMAINING MONTHS TO STATED MATURITY
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Remaining Term Loans Balance Balance
24 < Rem Term < = 36 1 315,355.58 0.47%
84 < Rem Term < = 96 15 770,556.35 1.14%
96 < Rem Term < = 108 21 1,815,592.71 2.68%
168 < Rem Term < = 180 57 1,322,120.72 1.95%
264 < Rem Term < = 276 150 22,989,589.36 33.95%
276 < Rem Term < = 288 189 26,419,904.70 39.01%
288 < Rem Term < = 300 11 2,365,539.11 3.49%
348 < Rem Term < = 360 129 11,723,690.65 17.31%
___________________________________________________________________
Total............ 573 67,722,349.18 100.00%
===================================================================
ORIGINAL COMBINED LOAN-TO-VALUE RATIOS
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Original CLTV Ratio Loans Balance Balance
10.000 < CLTV < = 15.000 1 33,179.50 0.05
15.000 < CLTV < = 20.000 1 34,799.37 0.05
25.000 < CLTV < = 30.000 1 35,426.84 0.05
30.000 < CLTV < = 35.000 1 73,948.56 0.11
35.000 < CLTV < = 40.000 3 189,906.23 0.28
40.000 < CLTV < = 45.000 2 511,236.21 0.75
45.000 < CLTV < = 50.000 7 715,927.89 1.06
50.000 < CLTV < = 55.000 8 447,693.51 0.66
55.000 < CLTV < = 60.000 13 1,307,660.30 1.93
60.000 < CLTV < = 65.000 19 3,546,752.05 5.24
65.000 < CLTV < = 70.000 25 3,237,915.81 4.78
70.000 < CLTV < = 75.000 79 9,173,596.28 13.55
75.000 < CLTV < = 80.000 246 32,053,807.59 47.33
80.000 < CLTV < = 85.000 18 2,580,389.41 3.81
85.000 < CLTV < = 90.000 102 12,533,239.21 18.51
90.000 < CLTV < = 95.000 14 449,016.92 0.66
95.000 < CLTV < = 100.000 32 723,423.91 1.07
CLTV > 100.000 1 74,429.59 0.11
__________________________________________________________________________
Total.................... 573 $ 67,722,349.18 100.00%
==========================================================================
ORIGINAL LOAN-TO-VALUE RATIOS
Percentage of
Aggregate Cut-Off Date
Original Number of Unpaid Aggregate
Loan-To-Value Mortgage Principal Principal
Ratio Loans Balance Balance
5.000 < LTV < = 10.000 7 138,366.87 0.20
10.000 < LTV < = 15.000 11 233,465.19 0.34
15.000 < LTV < = 20.000 39 841,499.89 1.24
25.000 < LTV < = 30.000 1 35,426.84 0.05
30.000 < LTV < = 35.000 1 73,948.56 0.11
35.000 < LTV < = 40.000 3 189,906.23 0.28
40.000 < LTV < = 45.000 2 511,236.21 0.75
45.000 < LTV < = 50.000 7 715,927.89 1.06
50.000 < LTV < = 55.000 8 447,693.51 0.66
55.000 < LTV < = 60.000 13 1,307,660.30 1.93
60.000 < LTV < = 65.000 19 3,546,752.05 5.24
65.000 < LTV < = 70.000 25 3,237,915.81 4.78
70.000 < LTV < = 75.000 79 9,173,596.28 13.55
75.000 < LTV < = 80.000 245 32,043,454.86 47.32
80.000 < LTV < = 85.000 17 2,567,975.38 3.79
85.000 < LTV < = 90.000 94 12,378,890.01 18.28
90.000 < LTV < = 95.000 1 204,203.71 0.30
LTV > 100.000 1 74,429.59 0.11
__________________________________________________________________________
Total.................... 573 $ 67,722,349.18 100.00%
==========================================================================
<PAGE>
DISTRIBUTION OF
MARGINS
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Gross Mortgage Principal Principal
Margin Loans Balance Balance
4.5 < Margin < = 5.0 3 445,443.77 28.07
5.0 < Margin < = 5.5 3 153,885.82 9.70
5.5 < Margin < = 6.0 2 192,942.13 12.16
6.0 < Margin < = 6.5 4 267,858.73 16.88
6.5 < Margin < = 7.0 4 526,955.49 33.20
__________________________________________________________________________
Total................. 16 $ 1,587,085.94 100.00%
==========================================================================
LOAN SUMMARY STRATIFIED BY
LIFE CAP
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Gross Mortgage Principal Principal
Life Cap Loans Balance Balance
13.000 < LIFE CAP < = 13.500 1 304,399.35 19.18
14.000 < LIFE CAP < = 14.500 3 241,606.74 15.22
14.500 < LIFE CAP < = 15.000 1 178,376.07 11.24
15.000 < LIFE CAP < = 15.500 1 63,137.58 3.98
15.500 < LIFE CAP < = 16.000 4 294,892.26 18.58
16.000 < LIFE CAP < = 16.500 3 227,040.74 14.31
16.500 < LIFE CAP < = 17.000 2 93,856.59 5.91
CAPLESS LOAN 1 183,776.61 11.58
__________________________________________________________________________
Total................. 16 $1,587,085.94 100.00%
==========================================================================
LOAN SUMMARY STRATIFIED BY
LIFE FLOOR
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Gross Mortgage Principal Principal
Life Floor Loans Balance Balance
4.500 < Life Floor < = 5.00 1 78,806.49 4.97
6.500 < Life Floor < = 7.00 2 295,502.28 18.62
7.000 < Life Floor < = 7.50 2 355,473.93 22.40
8.000 < Life Floor < = 8.50 1 98,571.87 6.21
8.500 < Life Floor < = 9.00 2 242,098.93 15.25
9.000 < Life Floor < = 9.50 2 133,384.05 8.40
9.500 < Life Floor < = 10.00 5 288,692.05 18.19
10.000 < Life Floor < = 10.50 1 94,556.34 5.96
__________________________________________________________________________
Total................. 16 $ 1,587,085.94 100.00%
==========================================================================
<PAGE>
ORIGINAL MORTGAGE LOAN AMOUNTS
Percentage of
Aggregate Cut-Off Date
Original Number of Unpaid Aggregate
Mortgage Loan Mortgage Principal Principal
Principal Balance Loans Balance Balance
5,000 < Balance < = 10,000 6 43,623.82 0.06
10,000 < Balance < = 15,000 15 177,166.69 0.26
15,000 < Balance < = 20,000 18 292,376.30 0.43
20,000 < Balance < = 25,000 10 219,885.98 0.32
25,000 < Balance < = 30,000 8 211,232.15 0.31
30,000 < Balance < = 35,000 9 284,444.22 0.42
35,000 < Balance < = 40,000 11 393,875.10 0.58
40,000 < Balance < = 45,000 20 828,296.51 1.22
45,000 < Balance < = 50,000 23 1,059,663.56 1.56
50,000 < Balance < = 55,000 18 875,061.14 1.29
55,000 < Balance < = 60,000 15 821,359.30 1.21
60,000 < Balance < = 65,000 21 1,273,178.90 1.88
65,000 < Balance < = 70,000 13 855,318.97 1.26
70,000 < Balance < = 75,000 17 1,122,526.35 1.66
75,000 < Balance < = 80,000 14 1,023,399.25 1.51
80,000 < Balance < = 85,000 14 1,124,855.21 1.66
85,000 < Balance < = 90,000 16 1,350,411.93 1.99
90,000 < Balance < = 95,000 11 977,469.76 1.44
95,000 < Balance < = 100,000 19 1,711,746.56 2.53
100,000 < Balance < = 105,000 17 1,627,671.05 2.40
105,000 < Balance < = 110,000 13 1,339,689.13 1.98
110,000 < Balance < = 115,000 15 1,590,920.90 2.35
115,000 < Balance < = 120,000 9 1,019,832.56 1.51
120,000 < Balance < = 125,000 16 1,807,959.19 2.67
125,000 < Balance < = 130,000 15 1,768,563.29 2.61
130,000 < Balance < = 135,000 8 974,280.69 1.44
135,000 < Balance < = 140,000 9 1,180,904.11 1.74
140,000 < Balance < = 145,000 11 1,431,636.65 2.11
145,000 < Balance < = 150,000 13 1,744,695.80 2.58
150,000 < Balance < = 200,000 50 7,982,816.58 11.79
200,000 < Balance < = 250,000 58 11,881,770.59 17.54
250,000 < Balance < = 300,000 32 7,926,851.60 11.70
300,000 < Balance < = 350,000 19 5,864,397.98 8.66
350,000 < Balance < = 400,000 4 1,449,979.97 2.14
400,000 < Balance < = 450,000 1 420,769.42 0.62
450,000 < Balance < = 500,000 4 1,831,298.20 2.70
500,000 < Balance 1 1,232,419.77 1.82
__________________________________________________________________________
Total.................... 573 $ 67,722,349.18 100.00%
==========================================================================
<PAGE>
CURRENT MORTGAGE LOAN AMOUNTS
Aggregate Cut-Off Date
Current Number of Unpaid Aggregate
Mortgage Loan Mortgage Principal Principal
Principal Balance Loans Balance Balance
5,000 < Balance < = 10,000 6 43,623.82 0.06
10,000 < Balance < = 15,000 21 260,146.61 0.38
15,000 < Balance < = 20,000 12 209,396.38 0.31
20,000 < Balance < = 25,000 10 219,885.98 0.32
25,000 < Balance < = 30,000 12 321,682.06 0.48
30,000 < Balance < = 35,000 10 324,863.15 0.48
35,000 < Balance < = 40,000 14 528,537.05 0.78
40,000 < Balance < = 45,000 23 990,871.95 1.46
45,000 < Balance < = 50,000 25 1,197,167.17 1.77
50,000 < Balance < = 55,000 16 835,920.20 1.23
55,000 < Balance < = 60,000 13 747,111.45 1.10
60,000 < Balance < = 65,000 22 1,374,180.97 2.03
65,000 < Balance < = 70,000 17 1,153,424.55 1.70
70,000 < Balance < = 75,000 18 1,308,027.64 1.93
75,000 < Balance < = 80,000 9 698,285.58 1.03
80,000 < Balance < = 85,000 20 1,643,457.83 2.43
85,000 < Balance < = 90,000 17 1,493,543.54 2.21
90,000 < Balance < = 95,000 15 1,384,311.03 2.04
95,000 < Balance < = 100,000 18 1,763,270.95 2.60
100,000 < Balance < = 105,000 17 1,744,546.33 2.58
105,000 < Balance < = 110,000 16 1,719,379.29 2.54
110,000 < Balance < = 115,000 12 1,356,649.21 2.00
115,000 < Balance < = 120,000 16 1,881,248.70 2.78
120,000 < Balance < = 125,000 12 1,473,307.24 2.18
125,000 < Balance < = 130,000 10 1,275,953.07 1.88
130,000 < Balance < = 135,000 10 1,326,305.75 1.96
135,000 < Balance < = 140,000 12 1,647,268.02 2.43
140,000 < Balance < = 145,000 12 1,714,301.35 2.53
145,000 < Balance < = 150,000 8 1,177,722.39 1.74
150,000 < Balance < = 200,000 57 10,122,316.72 14.95
200,000 < Balance < = 250,000 48 10,723,704.79 15.83
250,000 < Balance < = 300,000 20 5,420,681.26 8.00
300,000 < Balance < = 350,000 17 5,385,604.07 7.95
350,000 < Balance < = 400,000 2 771,165.69 1.14
400,000 < Balance < = 450,000 2 861,218.88 1.27
450,000 < Balance < = 500,000 3 1,390,848.74 2.05
500,000 < Balance 1 1,232,419.77 1.82
__________________________________________________________________________
Total.................... 573 $ 67,722,349.18 100.00%
==========================================================================
GEOGRAPHICAL DISTRIBUTION OF MORTGAGED PROPERTIES
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
State Loans Balance Balance
AZ 22 1,120,485.56 1.65
CA 24 2,101,094.92 3.10
CO 3 173,825.18 0.26
CT 51 5,981,171.84 8.83
DE 2 127,220.84 0.19
FL 1 36,649.92 0.05
ID 3 130,432.82 0.19
KS 3 160,392.26 0.24
LA 1 53,553.52 0.08
MD 6 557,496.02 0.82
MO 7 284,127.10 0.42
NH 1 73,447.36 0.11
NJ 151 15,810,099.77 23.35
NM 3 241,606.74 0.36
NV 1 96,541.10 0.14
NY 192 33,219,887.42 49.05
OK 10 302,399.59 0.45
OR 50 4,176,138.18 6.17
PA 9 507,264.60 0.75
TN 2 52,348.12 0.08
TX 7 662,685.96 0.98
UT 3 189,808.87 0.28
VA 2 279,610.42 0.41
WA 17 1,277,605.30 1.89
WI 1 51,381.07 0.08
WY 1 55,074.70 0.08
__________________________________________________________________________
Total............... 573 $ 67,722,349.18 100.00%
==========================================================================
<PAGE>
PROPERTY TYPE
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Loans Balance Balance
1-4 FAMILY 345 44,050,622.88 65.05
MOBILE HOME 67 3,316,130.50 4.90
MULTI FAMILY 22 3,827,698.42 5.65
RESIDENTIAL CONDO 139 16,527,897.38 24.41
__________________________________________________________________________
Total............... 573 $ 67,722,349.18 100.00%
==========================================================================
LOAN SUMMARY STRATIFIED BY
OWNER OCCUPANCY
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Loans Balance Balance
Owner Occ. 498 60,376,338.00 89.15
Second Home 1 315,355.58 0.47
Non Owner Occ. 74 7,030,655.60 10.38
__________________________________________________________________________
Total.................. 573 $ 67,722,349.18 100.00%
==========================================================================
LIEN SUMMARY
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Loans Balance Balance
1 518 66,576,996.10 98.31
2 55 1,145,353.08 1.69
__________________________________________________________________________
Total............... 573 $ 67,722,349.18 100.00%
==========================================================================
<PAGE>
Financial Strategies 12/20/96 02:46:32 pm Prudential Securities
Group IMPACT CMO/ABS Analytics - Price / Yield Tables Incorporated
Deal ID/CUSIP WMLT62 Coupon 6.320
Class A1 CUR Accr 0.29844 1st Pmt 01/25/97
Collateral 100% HEL (Real) Factor on / /
N/GWAC (Orig) / (9.552/9.977) LIBOR-6M COFI Fixed 5.62891
WAM (Orig) (23.559) Mat N/A Settle 12/27/96
CenterPrice 100-00 Inc 4.0 Table Yield Roll@
CPR 16.00 CPR 5.00 CPR 10.00 CPR 20.00 CPR 23.00 CPR 28.00 CPR 30.00
Price
----- --------- --------- --------- --------- --------- --------- ---------
97-20 8.737 7.344 7.968 9.256 9.647 10.306 10.576
97-24 8.597 7.288 7.874 9.085 9.452 10.071 10.326
97-28 8.458 7.232 7.781 8.914 9.258 9.838 10.076
98-00 8.319 7.176 7.688 8.744 9.065 9.605 9.827
98-04 8.180 7.120 7.595 8.575 8.872 9.372 9.578
98-08 8.042 7.065 7.502 8.406 8.680 9.141 9.330
98-12 7.904 7.009 7.410 8.237 8.488 8.910 9.083
98-16 7.766 6.954 7.318 8.069 8.296 8.679 8.837
98-20 7.629 6.898 7.226 7.901 8.105 8.450 8.591
98-24 7.492 6.843 7.134 7.733 7.915 8.221 8.346
98-28 7.355 6.788 7.042 7.566 7.725 7.992 8.102
99-00 7.219 6.733 6.951 7.400 7.536 7.764 7.858
99-04 7.083 6.678 6.860 7.234 7.347 7.537 7.616
99-08 6.948 6.623 6.769 7.068 7.158 7.311 7.373
99-12 6.812 6.569 6.678 6.903 6.971 7.085 7.132
99-16 6.677 6.514 6.587 6.738 6.783 6.860 6.891
99-20 6.543 6.460 6.497 6.573 6.596 6.635 6.651
99-24 6.408 6.406 6.407 6.409 6.410 6.411 6.412
99-28 6.274 6.351 6.317 6.245 6.224 6.188 6.173
100-00 6.140 6.297 6.227 6.082 6.038 5.965 5.935
100-04 6.007 6.243 6.137 5.919 5.853 5.743 5.697
100-08 5.874 6.190 6.048 5.757 5.669 5.521 5.461
100-12 5.741 6.136 5.959 5.595 5.485 5.300 5.225
100-16 5.609 6.082 5.870 5.433 5.301 5.080 4.989
100-20 5.477 6.029 5.781 5.272 5.118 4.860 4.754
100-24 5.345 5.975 5.692 5.111 4.936 4.641 4.520
100-28 5.213 5.922 5.604 4.951 4.753 4.422 4.287
101-00 5.082 5.869 5.516 4.791 4.572 4.205 4.054
101-04 4.951 5.816 5.428 4.631 4.391 3.987 3.822
101-08 4.821 5.763 5.340 4.472 4.210 3.770 3.590
101-12 4.690 5.710 5.252 4.313 4.029 3.554 3.360
101-16 4.560 5.658 5.165 4.154 3.850 3.339 3.129
101-20 4.431 5.605 5.078 3.996 3.670 3.124 2.900
101-24 4.301 5.552 4.991 3.838 3.491 2.909 2.671
101-28 4.172 5.500 4.904 3.681 3.313 2.695 2.443
102-00 4.043 5.448 4.817 3.524 3.135 2.482 2.215
102-04 3.915 5.396 4.731 3.368 2.957 2.269 1.988
102-08 3.787 5.344 4.644 3.211 2.780 2.057 1.762
102-12 3.659 5.292 4.558 3.056 2.603 1.846 1.536
Avg. Life 1.001 2.663 1.526 0.813 0.712 0.590 0.551
Mod. Dur. 0.933 2.308 1.390 0.764 0.673 0.560 0.524
Mac. Dur. 0.962 2.381 1.433 0.788 0.693 0.577 0.540
1st Pmt. 0.078 0.078 0.078 0.078 0.078 0.078 0.078
Last Pmt. 2.161 5.828 3.328 1.744 1.494 1.244 1.161
BP/WAL-Tsy 66 39 57 69 70 68 67
Exercise call option : Optional
Call option code : Earlier of
Fraction of coll. prin. : 0.1000
Yields are to Maturity
Yield Curve: 3M 6M 1Y 2Y 3Y 5Y 10Y 30Y
Settlement 4.99 5.24 5.48 5.82 5.95 6.12 6.35 6.60 12/19/96
<PAGE>
Financial Strategies 12/20/96 02:46:47 pm Prudential Securities
Group IMPACT CMO/ABS Analytics - Price / Yield Tables Incorporated
Deal ID/CUSIP WMLT62 Coupon 6.675
Class A2 CUR Accr 0.31521 1st Pmt 01/25/97
Collateral 100% HEL (Real) Factor on / /
N/GWAC (Orig) / (9.552/9.977) LIBOR-6M COFI Fixed 5.62891
WAM (Orig) (23.559) Mat N/A Settle 12/27/96
CenterPrice 100-00 Inc 4.0 Table Yield Roll@
CPR 16.00 CPR 5.00 CPR 10.00 CPR 20.00 CPR 23.00 CPR 28.00 CPR 30.00
Price
----- --------- --------- --------- --------- --------- --------- ---------
97-20 7.584 7.135 7.325 7.770 7.915 8.168 8.273
97-24 7.535 7.113 7.291 7.710 7.846 8.084 8.182
97-28 7.487 7.091 7.258 7.650 7.778 8.001 8.092
98-00 7.438 7.070 7.225 7.590 7.709 7.917 8.003
98-04 7.389 7.048 7.192 7.530 7.641 7.834 7.913
98-08 7.341 7.026 7.159 7.471 7.573 7.750 7.823
98-12 7.292 7.004 7.126 7.411 7.505 7.667 7.734
98-16 7.244 6.982 7.093 7.352 7.437 7.584 7.645
98-20 7.196 6.961 7.060 7.293 7.369 7.501 7.556
98-24 7.148 6.939 7.027 7.234 7.301 7.419 7.467
98-28 7.100 6.917 6.994 7.175 7.234 7.336 7.378
99-00 7.051 6.896 6.961 7.116 7.166 7.254 7.290
99-04 7.004 6.874 6.929 7.057 7.099 7.171 7.201
99-08 6.956 6.853 6.896 6.998 7.031 7.089 7.113
99-12 6.908 6.831 6.863 6.939 6.964 7.007 7.025
99-16 6.860 6.810 6.831 6.881 6.897 6.925 6.937
99-20 6.812 6.788 6.798 6.822 6.830 6.844 6.849
99-24 6.765 6.767 6.766 6.764 6.763 6.762 6.762
99-28 6.717 6.745 6.734 6.706 6.697 6.681 6.674
100-00 6.670 6.724 6.701 6.647 6.630 6.599 6.587
100-04 6.622 6.703 6.669 6.589 6.563 6.518 6.500
100-08 6.575 6.682 6.637 6.531 6.497 6.437 6.413
100-12 6.528 6.660 6.604 6.473 6.431 6.356 6.326
100-16 6.481 6.639 6.572 6.416 6.365 6.276 6.239
100-20 6.434 6.618 6.540 6.358 6.298 6.195 6.153
100-24 6.387 6.597 6.508 6.300 6.233 6.115 6.066
100-28 6.340 6.576 6.476 6.243 6.167 6.034 5.980
101-00 6.293 6.555 6.444 6.185 6.101 5.954 5.894
101-04 6.246 6.534 6.412 6.128 6.035 5.874 5.808
101-08 6.200 6.513 6.380 6.071 5.970 5.794 5.722
101-12 6.153 6.492 6.349 6.014 5.904 5.714 5.636
101-16 6.106 6.471 6.317 5.956 5.839 5.635 5.551
101-20 6.060 6.450 6.285 5.900 5.774 5.555 5.465
101-24 6.014 6.429 6.254 5.843 5.709 5.476 5.380
101-28 5.967 6.408 6.222 5.786 5.644 5.397 5.295
102-00 5.921 6.387 6.190 5.729 5.579 5.317 5.210
102-04 5.875 6.367 6.159 5.672 5.514 5.238 5.125
102-08 5.829 6.346 6.127 5.616 5.449 5.160 5.041
102-12 5.783 6.325 6.096 5.560 5.385 5.081 4.956
Avg. Life 2.997 7.748 4.635 2.395 2.069 1.673 1.551
Mod. Dur. 2.629 5.847 3.855 2.143 1.872 1.534 1.428
Mac. Dur. 2.717 6.043 3.984 2.214 1.934 1.585 1.475
1st Pmt. 2.161 5.828 3.328 1.744 1.494 1.244 1.161
Last Pmt. 3.911 9.828 6.078 3.161 2.744 2.161 1.994
BP/WAL-Tsy 72 48 61 78 80 89 92
Exercise call option : Optional
Call option code : Earlier of
Fraction of coll. prin. : 0.1000
Yields are to Maturity
Yield Curve: 3M 6M 1Y 2Y 3Y 5Y 10Y 30Y
Settlement 4.99 5.24 5.48 5.82 5.95 6.12 6.35 6.60 12/19/96
<PAGE>
Financial Strategies 12/20/96 02:46:56 pm Prudential Securities
Group IMPACT CMO/ABS Analytics - Price / Yield Tables Incorporated
Deal ID/CUSIP WMLT62 Coupon 6.945
Class A3 CUR Accr 0.32796 1st Pmt 01/25/97
Collateral 100% HEL (Real) Factor on / /
N/GWAC (Orig) / (9.552/9.977) LIBOR-6M COFI Fixed 5.62891
WAM (Orig) (23.559) Mat N/A Settle 12/27/96
CenterPrice 100-00+ Inc 4.0 Table Yield Roll@
CPR 16.00 CPR 5.00 CPR 10.00 CPR 20.00 CPR 23.00 CPR 28.00 CPR 30.00
Price
----- --------- --------- --------- --------- --------- --------- ---------
97-20+ 7.565 7.314 7.420 7.673 7.759 7.914 7.982
97-24+ 7.534 7.298 7.397 7.635 7.716 7.862 7.925
97-28+ 7.503 7.281 7.375 7.597 7.673 7.809 7.868
98-00+ 7.471 7.265 7.352 7.559 7.630 7.757 7.812
98-04+ 7.440 7.249 7.329 7.522 7.587 7.705 7.755
98-08+ 7.409 7.233 7.307 7.484 7.544 7.652 7.699
98-12+ 7.378 7.217 7.285 7.446 7.501 7.600 7.643
98-16+ 7.346 7.201 7.262 7.409 7.458 7.548 7.587
98-20+ 7.315 7.185 7.240 7.371 7.415 7.496 7.531
98-24+ 7.284 7.169 7.217 7.333 7.373 7.444 7.475
98-28+ 7.253 7.153 7.195 7.296 7.330 7.392 7.419
99-00+ 7.222 7.137 7.173 7.259 7.288 7.340 7.363
99-04+ 7.191 7.121 7.151 7.221 7.245 7.289 7.307
99-08+ 7.160 7.105 7.128 7.184 7.203 7.237 7.252
99-12+ 7.130 7.089 7.106 7.147 7.161 7.186 7.196
99-16+ 7.099 7.073 7.084 7.110 7.118 7.134 7.141
99-20+ 7.068 7.058 7.062 7.073 7.076 7.083 7.086
99-24+ 7.037 7.042 7.040 7.036 7.034 7.032 7.030
99-28+ 7.007 7.026 7.018 6.999 6.992 6.980 6.975
100-00+ 6.976 7.010 6.996 6.962 6.950 6.929 6.920
100-04+ 6.946 6.995 6.974 6.925 6.908 6.878 6.865
100-08+ 6.915 6.979 6.952 6.888 6.866 6.827 6.810
100-12+ 6.885 6.963 6.930 6.851 6.825 6.776 6.756
100-16+ 6.854 6.948 6.908 6.815 6.783 6.726 6.701
100-20+ 6.824 6.932 6.887 6.778 6.741 6.675 6.646
100-24+ 6.794 6.916 6.865 6.741 6.700 6.624 6.592
100-28+ 6.764 6.901 6.843 6.705 6.658 6.574 6.537
101-00+ 6.733 6.885 6.821 6.669 6.617 6.523 6.483
101-04+ 6.703 6.870 6.800 6.632 6.575 6.473 6.429
101-08+ 6.673 6.854 6.778 6.596 6.534 6.423 6.374
101-12+ 6.643 6.839 6.756 6.559 6.493 6.372 6.320
101-16+ 6.613 6.823 6.735 6.523 6.452 6.322 6.266
101-20+ 6.583 6.808 6.713 6.487 6.411 6.272 6.212
101-24+ 6.553 6.793 6.692 6.451 6.370 6.222 6.159
101-28+ 6.523 6.777 6.670 6.415 6.329 6.172 6.105
102-00+ 6.493 6.762 6.649 6.379 6.288 6.122 6.051
102-04+ 6.464 6.747 6.627 6.343 6.247 6.073 5.997
102-08+ 6.434 6.731 6.606 6.307 6.206 6.023 5.944
102-12+ 6.404 6.716 6.585 6.271 6.165 5.973 5.891
Avg. Life 4.989 12.123 7.534 3.999 3.454 2.771 2.553
Mod. Dur. 4.077 7.924 5.670 3.377 2.971 2.439 2.264
Mac. Dur. 4.219 8.202 5.868 3.495 3.074 2.524 2.343
1st Pmt. 3.911 9.828 6.078 3.161 2.744 2.161 1.994
Last Pmt. 6.161 14.494 9.244 4.994 4.328 3.494 3.244
BP/WAL-Tsy 86 63 76 93 96 101 103
Exercise call option : Optional
Call option code : Earlier of
Fraction of coll. prin. : 0.1000
Yields are to Maturity
Yield Curve: 3M 6M 1Y 2Y 3Y 5Y 10Y 30Y
Settlement 4.99 5.24 5.48 5.82 5.95 6.12 6.35 6.60 12/19/96
<PAGE>
Financial Strategies 12/20/96 02:47:03 pm Prudential Securities
Group IMPACT CMO/ABS Analytics - Price / Yield Tables Incorporated
Deal ID/CUSIP WMLT62 Coupon 7.435
Class A4 CUR Accr 0.35110 1st Pmt 01/25/97
Collateral 100% HEL (Real) Factor on / /
N/GWAC (Orig) / (9.552/9.977) LIBOR-6M COFI Fixed 5.62891
WAM (Orig) (23.559) Mat N/A Settle 12/27/96
CenterPrice 100-00 Inc 4.0 Table Yield Roll@
CPR 16.00 CPR 5.00 CPR 10.00 CPR 20.00 CPR 23.00 CPR 28.00 CPR 30.00
Price
----- --------- --------- --------- --------- --------- --------- ---------
97-20 7.875 7.769 7.808 7.926 7.966 8.039 8.070
97-24 7.855 7.756 7.793 7.903 7.941 8.010 8.039
97-28 7.836 7.742 7.777 7.880 7.916 7.980 8.007
98-00 7.816 7.729 7.762 7.857 7.891 7.950 7.976
98-04 7.796 7.716 7.746 7.835 7.866 7.921 7.944
98-08 7.777 7.703 7.730 7.812 7.841 7.892 7.913
98-12 7.757 7.690 7.715 7.790 7.816 7.862 7.882
98-16 7.738 7.677 7.700 7.767 7.791 7.833 7.851
98-20 7.718 7.664 7.684 7.745 7.766 7.804 7.819
98-24 7.699 7.651 7.669 7.722 7.741 7.774 7.788
98-28 7.680 7.638 7.653 7.700 7.716 7.745 7.757
99-00 7.660 7.625 7.638 7.678 7.691 7.716 7.726
99-04 7.641 7.612 7.623 7.655 7.667 7.687 7.695
99-08 7.622 7.599 7.607 7.633 7.642 7.658 7.665
99-12 7.603 7.586 7.592 7.611 7.617 7.629 7.634
99-16 7.583 7.573 7.577 7.588 7.593 7.600 7.603
99-20 7.564 7.560 7.562 7.566 7.568 7.571 7.572
99-24 7.545 7.547 7.546 7.544 7.543 7.542 7.541
99-28 7.526 7.534 7.531 7.522 7.519 7.513 7.511
100-00 7.507 7.521 7.516 7.500 7.494 7.484 7.480
100-04 7.488 7.509 7.501 7.478 7.470 7.456 7.450
100-08 7.469 7.496 7.486 7.456 7.446 7.427 7.419
100-12 7.450 7.483 7.471 7.434 7.421 7.398 7.389
100-16 7.431 7.470 7.456 7.412 7.397 7.370 7.358
100-20 7.412 7.458 7.441 7.390 7.373 7.341 7.328
100-24 7.393 7.445 7.426 7.368 7.348 7.313 7.298
100-28 7.374 7.432 7.411 7.347 7.324 7.284 7.268
101-00 7.356 7.420 7.396 7.325 7.300 7.256 7.237
101-04 7.337 7.407 7.381 7.303 7.276 7.228 7.207
101-08 7.318 7.395 7.366 7.281 7.252 7.199 7.177
101-12 7.299 7.382 7.351 7.260 7.228 7.171 7.147
101-16 7.281 7.370 7.336 7.238 7.204 7.143 7.117
101-20 7.262 7.357 7.322 7.216 7.180 7.115 7.087
101-24 7.243 7.345 7.307 7.195 7.156 7.087 7.057
101-28 7.225 7.332 7.292 7.173 7.132 7.059 7.027
102-00 7.206 7.320 7.277 7.152 7.108 7.031 6.998
102-04 7.188 7.307 7.263 7.130 7.085 7.003 6.968
102-08 7.169 7.295 7.248 7.109 7.061 6.975 6.938
102-12 7.151 7.282 7.233 7.088 7.037 6.947 6.909
Avg. Life 9.628 18.708 13.815 7.829 6.813 5.538 5.133
Mod. Dur. 6.539 9.733 8.234 5.651 5.095 4.334 4.076
Mac. Dur. 6.784 10.099 8.544 5.863 5.286 4.496 4.229
1st Pmt. 6.161 14.494 9.244 4.994 4.328 3.494 3.244
Last Pmt. 16.161 23.161 20.744 13.411 11.744 9.578 8.911
BP/WAL-Tsy 117 106 112 125 129 134 135
Exercise call option : Optional
Call option code : Earlier of
Fraction of coll. prin. : 0.1000
Yields are to Maturity
Yield Curve: 3M 6M 1Y 2Y 3Y 5Y 10Y 30Y
Settlement 4.99 5.24 5.48 5.82 5.95 6.12 6.35 6.60 12/19/96
<PAGE>
Financial Strategies 12/20/96 03:15:57 pm Prudential Securities
Group IMPACT CMO/ABS Analytics - Price / Yield Tables Incorporated
Deal ID/CUSIP WMLT62 Coupon 7.435
Class A4 CUR Accr 0.35110 1st Pmt 01/25/97
Collateral 100% HEL (Real) Factor on / /
N/GWAC (Orig) / (9.552/9.977) LIBOR-6M COFI Fixed 5.62891
WAM (Orig) (23.559) Mat N/A Settle 12/27/96
CenterPrice 100-00 Inc 4.0 Table Yield Roll@
CPR 16.00 CPR 5.00 CPR 10.00 CPR 20.00 CPR 23.00 CPR 28.00 CPR 30.00
Price
----- --------- --------- --------- --------- --------- --------- ---------
97-20 7.884 7.770 7.812 7.938 7.981 8.058 8.091
97-24 7.863 7.757 7.796 7.914 7.955 8.027 8.058
97-28 7.843 7.744 7.781 7.891 7.929 7.997 8.026
98-00 7.823 7.730 7.765 7.867 7.903 7.966 7.993
98-04 7.803 7.717 7.749 7.844 7.877 7.935 7.960
98-08 7.783 7.704 7.733 7.821 7.851 7.905 7.928
98-12 7.763 7.691 7.717 7.797 7.825 7.874 7.895
98-16 7.743 7.677 7.702 7.774 7.799 7.844 7.863
98-20 7.723 7.664 7.686 7.751 7.773 7.813 7.830
98-24 7.703 7.651 7.670 7.728 7.748 7.783 7.798
98-28 7.683 7.638 7.655 7.705 7.722 7.753 7.766
99-00 7.663 7.625 7.639 7.682 7.696 7.722 7.733
99-04 7.644 7.612 7.624 7.659 7.671 7.692 7.701
99-08 7.624 7.599 7.608 7.636 7.645 7.662 7.669
99-12 7.604 7.586 7.593 7.613 7.620 7.632 7.637
99-16 7.584 7.573 7.577 7.590 7.594 7.602 7.605
99-20 7.565 7.560 7.562 7.567 7.569 7.572 7.573
99-24 7.545 7.547 7.546 7.544 7.543 7.542 7.541
99-28 7.525 7.534 7.531 7.521 7.518 7.512 7.509
100-00 7.506 7.521 7.515 7.498 7.492 7.482 7.477
100-04 7.486 7.508 7.500 7.476 7.467 7.452 7.446
100-08 7.467 7.496 7.485 7.453 7.442 7.422 7.414
100-12 7.447 7.483 7.470 7.430 7.417 7.392 7.382
100-16 7.428 7.470 7.454 7.408 7.391 7.363 7.351
100-20 7.408 7.457 7.439 7.385 7.366 7.333 7.319
100-24 7.389 7.444 7.424 7.362 7.341 7.304 7.287
100-28 7.370 7.432 7.409 7.340 7.316 7.274 7.256
101-00 7.350 7.419 7.393 7.317 7.291 7.244 7.225
101-04 7.331 7.406 7.378 7.295 7.266 7.215 7.193
101-08 7.312 7.394 7.363 7.273 7.241 7.186 7.162
101-12 7.292 7.381 7.348 7.250 7.216 7.156 7.131
101-16 7.273 7.369 7.333 7.228 7.191 7.127 7.099
101-20 7.254 7.356 7.318 7.206 7.167 7.098 7.068
101-24 7.235 7.343 7.303 7.183 7.142 7.068 7.037
101-28 7.216 7.331 7.288 7.161 7.117 7.039 7.006
102-00 7.197 7.318 7.273 7.139 7.092 7.010 6.975
102-04 7.178 7.306 7.258 7.117 7.068 6.981 6.944
102-08 7.159 7.293 7.243 7.095 7.043 6.952 6.913
102-12 7.140 7.281 7.228 7.073 7.018 6.923 6.882
Avg. Life 9.162 18.436 13.335 7.429 6.452 5.245 4.856
Mod. Dur. 6.365 9.680 8.109 5.474 4.918 4.171 3.916
Mac. Dur. 6.604 10.044 8.414 5.679 5.102 4.327 4.063
1st Pmt. 6.161 14.494 9.244 4.994 4.328 3.494 3.244
Last Pmt. 07/25/08 11/25/17 05/25/13 05/25/06 02/25/05 08/25/03 02/25/03
BP/WAL-Tsy 119 107 112 127 131 135 137
Exercise call option : Optional
Call option code : Earlier of
Fraction of coll. prin. : 0.1000
Yields are to Call
Yield Curve: 3M 6M 1Y 2Y 3Y 5Y 10Y 30Y
Settlement 4.99 5.24 5.48 5.82 5.95 6.12 6.35 6.60 12/19/96
<PAGE>
Financial Strategies 12/23/96 09:10:37 am Prudential Securities
Group IMPACT CMO/ABS Analytics - Price / Yield Tables Incorporated
Deal ID/CUSIP WMLT62 Coupon 6.675
Class A2 CUR Accr 0.31521 1st Pmt 01/25/97
Collateral 100% HEL (Real) Factor on / /
N/GWAC (Orig) / (9.552/9.977) LIBOR-6M COFI Fixed 5.62500
WAM (Orig) (23.559) Mat N/A Settle 12/27/96
CenterPrice 100-00 Inc 2.0 Table Yield Roll@
CPR 16.00 CPR 12.00 CPR 20.00 CPR 0.00 CPR 0.00 CPR 0.00 CPR 0.00
Price
----- --------- --------- --------- --------- --------- --------- ---------
98-26 7.124 7.047 7.204 6.866 6.866 6.866 6.866
98-28 7.100 7.028 7.175 6.860 6.860 6.860 6.860
98-30 7.075 7.009 7.145 6.853 6.853 6.853 6.853
99-00 7.051 6.991 7.116 6.847 6.847 6.847 6.847
99-02 7.027 6.972 7.086 6.840 6.840 6.840 6.840
99-04 7.004 6.953 7.057 6.833 6.833 6.833 6.833
99-06 6.980 6.934 7.027 6.827 6.827 6.827 6.827
99-08 6.956 6.915 6.998 6.820 6.820 6.820 6.820
99-10 6.932 6.897 6.969 6.814 6.814 6.814 6.814
99-12 6.908 6.878 6.939 6.807 6.807 6.807 6.807
99-14 6.884 6.859 6.910 6.800 6.800 6.800 6.800
99-16 6.860 6.840 6.881 6.794 6.794 6.794 6.794
99-18 6.836 6.822 6.852 6.787 6.787 6.787 6.787
99-20 6.812 6.803 6.822 6.781 6.781 6.781 6.781
99-22 6.789 6.784 6.793 6.774 6.774 6.774 6.774
99-24 6.765 6.766 6.764 6.767 6.767 6.767 6.767
99-26 6.741 6.747 6.735 6.761 6.761 6.761 6.761
99-28 6.717 6.728 6.706 6.754 6.754 6.754 6.754
99-30 6.694 6.710 6.677 6.748 6.748 6.748 6.748
100-00 6.670 6.691 6.647 6.741 6.741 6.741 6.741
100-02 6.646 6.672 6.618 6.735 6.735 6.735 6.735
100-04 6.622 6.654 6.589 6.728 6.728 6.728 6.728
100-06 6.599 6.635 6.560 6.722 6.722 6.722 6.722
100-08 6.575 6.617 6.531 6.715 6.715 6.715 6.715
100-10 6.552 6.598 6.502 6.709 6.709 6.709 6.709
100-12 6.528 6.580 6.473 6.702 6.702 6.702 6.702
100-14 6.504 6.561 6.445 6.696 6.696 6.696 6.696
100-16 6.481 6.543 6.416 6.689 6.689 6.689 6.689
100-18 6.457 6.524 6.387 6.683 6.683 6.683 6.683
100-20 6.434 6.506 6.358 6.676 6.676 6.676 6.676
100-22 6.410 6.487 6.329 6.670 6.670 6.670 6.670
100-24 6.387 6.469 6.300 6.663 6.663 6.663 6.663
100-26 6.363 6.451 6.272 6.657 6.657 6.657 6.657
100-28 6.340 6.432 6.243 6.650 6.650 6.650 6.650
100-30 6.316 6.414 6.214 6.644 6.644 6.644 6.644
101-00 6.293 6.395 6.185 6.638 6.638 6.638 6.638
101-02 6.270 6.377 6.157 6.631 6.631 6.631 6.631
101-04 6.246 6.359 6.128 6.625 6.625 6.625 6.625
101-06 6.223 6.340 6.099 6.618 6.618 6.618 6.618
Avg. Life 2.997 3.939 2.395 16.002 16.002 16.002 16.002
Mod. Dur. 2.629 3.350 2.143 9.537 9.537 9.537 9.537
Mac. Dur. 2.717 3.462 2.214 9.858 9.858 9.858 9.858
1st Pmt. 2.161 2.828 1.744 13.744 13.744 13.744 13.744
Last Pmt. 3.911 5.161 3.161 17.994 17.994 17.994 17.994
BP/WAL-Tsy 73 67 78 33 33 33 33
Exercise call option : Optional
Call option code : Earlier of
Fraction of coll. prin. : 0.1000
Yields are to Maturity
Yield Curve: 3M 6M 1Y 2Y 3Y 5Y 10Y 30Y
Settlement 5.00 5.25 5.47 5.82 5.94 6.11 6.34 6.59 12/20/96
<PAGE>
Financial Strategies 12/23/96 09:10:59 am Prudential Securities
Group IMPACT CMO/ABS Analytics - Price / Yield Tables Incorporated
Deal ID/CUSIP WMLT62 Coupon 7.435
Class A4 CUR Accr 0.35110 1st Pmt 01/25/97
Collateral 100% HEL (Real) Factor on / /
N/GWAC (Orig) / (9.552/9.977) LIBOR-6M COFI Fixed 5.62500
WAM (Orig) (23.559) Mat N/A Settle 12/27/96
CenterPrice 100-00+ Inc 2.0 Table Yield Roll@
CPR 16.00 CPR 12.00 CPR 20.00 CPR 0.00 CPR 0.00 CPR 0.00 CPR 0.00
Price
----- --------- --------- --------- --------- --------- --------- ---------
98-26 7.269 7.226 7.315 7.134 7.134 7.134 7.134
98-28 7.253 7.214 7.296 7.128 7.128 7.128 7.128
98-30 7.238 7.201 7.277 7.122 7.122 7.122 7.122
99-00 7.222 7.189 7.259 7.116 7.116 7.116 7.116
99-02 7.207 7.176 7.240 7.110 7.110 7.110 7.110
99-04 7.191 7.164 7.221 7.103 7.103 7.103 7.103
99-06 7.176 7.151 7.203 7.097 7.097 7.097 7.097
99-08 7.160 7.139 7.184 7.091 7.091 7.091 7.091
99-10 7.145 7.126 7.165 7.085 7.085 7.085 7.085
99-12 7.130 7.114 7.147 7.079 7.079 7.079 7.079
99-14 7.114 7.101 7.128 7.073 7.073 7.073 7.073
99-16 7.099 7.089 7.110 7.067 7.067 7.067 7.067
99-18 7.083 7.076 7.091 7.061 7.061 7.061 7.061
99-20 7.068 7.064 7.073 7.055 7.055 7.055 7.055
99-22 7.053 7.052 7.054 7.049 7.049 7.049 7.049
99-24 7.037 7.039 7.036 7.043 7.043 7.043 7.043
99-26 7.022 7.027 7.017 7.037 7.037 7.037 7.037
99-28 7.007 7.014 6.999 7.031 7.031 7.031 7.031
99-30 6.992 7.002 6.980 7.025 7.025 7.025 7.025
100-00 6.976 6.990 6.962 7.019 7.019 7.019 7.019
100-02 6.961 6.977 6.943 7.013 7.013 7.013 7.013
100-04 6.946 6.965 6.925 7.007 7.007 7.007 7.007
100-06 6.930 6.953 6.906 7.001 7.001 7.001 7.001
100-08 6.915 6.940 6.888 6.995 6.995 6.995 6.995
100-10 6.900 6.928 6.870 6.989 6.989 6.989 6.989
100-12 6.885 6.916 6.851 6.983 6.983 6.983 6.983
100-14 6.870 6.903 6.833 6.977 6.977 6.977 6.977
100-16 6.854 6.891 6.815 6.971 6.971 6.971 6.971
100-18 6.839 6.879 6.796 6.965 6.965 6.965 6.965
100-20 6.824 6.867 6.778 6.959 6.959 6.959 6.959
100-22 6.809 6.854 6.760 6.953 6.953 6.953 6.953
100-24 6.794 6.842 6.741 6.947 6.947 6.947 6.947
100-26 6.779 6.830 6.723 6.941 6.941 6.941 6.941
100-28 6.764 6.818 6.705 6.935 6.935 6.935 6.935
100-30 6.748 6.805 6.687 6.929 6.929 6.929 6.929
101-00 6.733 6.793 6.669 6.923 6.923 6.923 6.923
101-02 6.718 6.781 6.650 6.917 6.917 6.917 6.917
101-04 6.703 6.769 6.632 6.911 6.911 6.911 6.911
101-06 6.688 6.757 6.614 6.905 6.905 6.905 6.905
Avg. Life 4.989 6.475 3.999 19.451 19.451 19.451 19.451
Mod. Dur. 4.077 5.042 3.377 10.354 10.354 10.354 10.354
Mac. Dur. 4.219 5.218 3.495 10.717 10.717 10.717 10.717
1st Pmt. 3.911 5.161 3.161 17.994 17.994 17.994 17.994
Last Pmt. 6.161 7.994 4.994 20.744 20.744 20.744 20.744
BP/WAL-Tsy 87 81 94 56 56 56 56
Exercise call option : Optional
Call option code : Earlier of
Fraction of coll. prin. : 0.1000
Yields are to Maturity
Yield Curve: 3M 6M 1Y 2Y 3Y 5Y 10Y 30Y
Settlement 5.00 5.25 5.47 5.82 5.94 6.11 6.34 6.59 12/20/96
<PAGE>
Financial Strategies 12/23/96 09:10:59 am Prudential Securities
Group IMPACT CMO/ABS Analytics - Price / Yield Tables Incorporated
Deal ID/CUSIP WMLT62 Coupon 7.435
Class A3 CUR Accr 0.32796 1st Pmt 01/25/97
Collateral 100% HEL (Real) Factor on / /
N/GWAC (Orig) / (9.552/9.977) LIBOR-6M COFI Fixed 5.62500
WAM (Orig) (23.559) Mat N/A Settle 12/27/96
CenterPrice 100-00 Inc 2.0 Table Yield Roll@
CPR 16.00 CPR 12.00 CPR 20.00 CPR 0.00 CPR 0.00 CPR 0.00 CPR 0.00
Price
----- --------- --------- --------- --------- --------- --------- ---------
98-26 7.689 7.670 7.711 7.637 7.637 7.637 7.637
98-28 7.680 7.661 7.700 7.631 7.631 7.631 7.631
98-30 7.670 7.653 7.689 7.625 7.625 7.625 7.625
99-00 7.660 7.645 7.678 7.619 7.619 7.619 7.619
99-02 7.651 7.637 7.666 7.613 7.613 7.613 7.613
99-04 7.641 7.628 7.655 7.607 7.607 7.607 7.607
99-06 7.631 7.620 7.644 7.601 7.601 7.601 7.601
99-08 7.622 7.612 7.633 7.595 7.595 7.595 7.595
99-10 7.612 7.604 7.622 7.589 7.589 7.589 7.589
99-12 7.603 7.595 7.611 7.583 7.583 7.583 7.583
99-14 7.593 7.587 7.600 7.577 7.577 7.577 7.577
99-16 7.583 7.579 7.588 7.571 7.571 7.571 7.571
99-18 7.574 7.571 7.577 7.565 7.565 7.565 7.565
99-20 7.564 7.562 7.566 7.559 7.559 7.559 7.559
99-22 7.555 7.554 7.555 7.553 7.553 7.553 7.553
99-24 7.545 7.546 7.544 7.547 7.547 7.547 7.547
99-26 7.536 7.538 7.533 7.541 7.541 7.541 7.541
99-28 7.526 7.530 7.522 7.536 7.536 7.536 7.536
99-30 7.516 7.521 7.511 7.530 7.530 7.530 7.530
100-00 7.507 7.513 7.500 7.524 7.524 7.524 7.524
100-02 7.497 7.505 7.489 7.518 7.518 7.518 7.518
100-04 7.488 7.497 7.478 7.512 7.512 7.512 7.512
100-06 7.478 7.489 7.467 7.506 7.506 7.506 7.506
100-08 7.469 7.481 7.456 7.500 7.500 7.500 7.500
100-10 7.459 7.472 7.445 7.494 7.494 7.494 7.494
100-12 7.450 7.464 7.434 7.489 7.489 7.489 7.489
100-14 7.440 7.456 7.423 7.483 7.483 7.483 7.483
100-16 7.431 7.448 7.412 7.477 7.477 7.477 7.477
100-18 7.422 7.440 7.401 7.471 7.471 7.471 7.471
100-20 7.412 7.432 7.390 7.465 7.465 7.465 7.465
100-22 7.403 7.424 7.379 7.459 7.459 7.459 7.459
100-24 7.393 7.416 7.368 7.454 7.454 7.454 7.454
100-26 7.384 7.408 7.357 7.448 7.448 7.448 7.448
100-28 7.374 7.400 7.347 7.442 7.442 7.442 7.442
100-30 7.365 7.391 7.336 7.436 7.436 7.436 7.436
101-00 7.356 7.383 7.325 7.430 7.430 7.430 7.430
101-02 7.346 7.375 7.314 7.424 7.424 7.424 7.424
101-04 7.337 7.367 7.303 7.419 7.419 7.419 7.419
101-06 7.327 7.359 7.292 7.413 7.413 7.413 7.413
Avg. Life 9.628 12.179 7.829 22.446 22.446 22.446 22.446
Mod. Dur. 6.539 7.625 5.651 10.575 10.575 10.575 10.575
Mac. Dur. 6.784 7.911 5.863 10.973 10.973 10.973 10.973
1st Pmt. 6.161 7.994 4.994 20.744 20.744 20.744 20.744
Last Pmt. 16.161 19.328 13.411 23.994 23.994 23.994 23.994
BP/WAL-Tsy 118 115 126 103 103 103 103
Exercise call option : Optional
Call option code : Earlier of
Fraction of coll. prin. : 0.1000
Yields are to Maturity
Yield Curve: 3M 6M 1Y 2Y 3Y 5Y 10Y 30Y
Settlement 5.00 5.25 5.47 5.82 5.94 6.11 6.34 6.59 12/20/96
<PAGE>
Financial Strategies 12/20/96 03:08:16 pm Prudential Securities
Group IMPACT CMO/ABS Analytics - Price / Yield Tables Incorporated
Deal ID/CUSIP WMLT62A Coupon 7.055
Class A1 PASS=THRU Accr 0.33315 1st Pmt 01/25/97
Collateral 100% HEL (Real) Factor on / /
N/GWAC (Orig) / (9.552/9.977) LIBOR-6M COFI Fixed 5.62891
WAM (Orig) (23.559) Mat N/A Settle 12/27/96
CenterPrice 100-00 Inc 4.0 Table Yield Roll@
CPR 16.00 CPR 5.00 CPR 10.00 CPR 20.00 CPR 23.00 CPR 28.00 CPR 30.00
Price
----- --------- --------- --------- --------- --------- --------- ---------
97-20 7.809 7.519 7.642 7.930 8.025 8.193 8.264
97-24 7.770 7.498 7.613 7.883 7.972 8.130 8.197
97-28 7.730 7.476 7.584 7.836 7.920 8.068 8.130
98-00 7.691 7.454 7.555 7.790 7.868 8.005 8.063
98-04 7.652 7.432 7.526 7.743 7.815 7.943 7.996
98-08 7.613 7.411 7.497 7.697 7.763 7.881 7.930
98-12 7.574 7.389 7.468 7.651 7.712 7.819 7.864
98-16 7.535 7.368 7.439 7.605 7.660 7.757 7.798
98-20 7.496 7.346 7.410 7.559 7.608 7.695 7.732
98-24 7.458 7.325 7.381 7.513 7.557 7.634 7.666
98-28 7.419 7.304 7.353 7.467 7.505 7.573 7.601
99-00 7.381 7.282 7.324 7.422 7.454 7.511 7.535
99-04 7.342 7.261 7.295 7.376 7.403 7.450 7.470
99-08 7.304 7.240 7.267 7.331 7.352 7.390 7.405
99-12 7.266 7.219 7.239 7.286 7.301 7.329 7.340
99-16 7.228 7.197 7.210 7.241 7.251 7.268 7.276
99-20 7.190 7.176 7.182 7.196 7.200 7.208 7.211
99-24 7.152 7.155 7.154 7.151 7.150 7.148 7.147
99-28 7.114 7.134 7.126 7.106 7.099 7.088 7.083
100-00 7.077 7.113 7.098 7.061 7.049 7.028 7.019
100-04 7.039 7.093 7.070 7.017 6.999 6.968 6.955
100-08 7.001 7.072 7.042 6.972 6.949 6.908 6.891
100-12 6.964 7.051 7.014 6.928 6.899 6.849 6.828
100-16 6.927 7.030 6.986 6.884 6.850 6.790 6.764
100-20 6.890 7.010 6.959 6.840 6.800 6.730 6.701
100-24 6.852 6.989 6.931 6.795 6.751 6.671 6.638
100-28 6.815 6.968 6.904 6.752 6.701 6.613 6.575
101-00 6.778 6.948 6.876 6.708 6.652 6.554 6.512
101-04 6.742 6.927 6.849 6.664 6.603 6.495 6.450
101-08 6.705 6.907 6.821 6.621 6.554 6.437 6.387
101-12 6.668 6.886 6.794 6.577 6.505 6.379 6.325
101-16 6.631 6.866 6.767 6.534 6.457 6.320 6.263
101-20 6.595 6.846 6.740 6.490 6.408 6.262 6.201
101-24 6.559 6.825 6.712 6.447 6.360 6.205 6.139
101-28 6.522 6.805 6.685 6.404 6.311 6.147 6.078
102-00 6.486 6.785 6.658 6.361 6.263 6.089 6.016
102-04 6.450 6.765 6.631 6.318 6.215 6.032 5.955
102-08 6.414 6.745 6.605 6.276 6.167 5.975 5.894
102-12 6.378 6.725 6.578 6.233 6.119 5.918 5.833
Avg. Life 4.349 9.504 6.402 3.518 3.056 2.481 2.298
Mod. Dur. 3.310 5.961 4.450 2.792 2.486 2.082 1.949
Mac. Dur. 3.427 6.173 4.608 2.891 2.573 2.155 2.017
1st Pmt. 0.078 0.078 0.078 0.078 0.078 0.078 0.078
Last Pmt. 16.161 23.161 20.744 13.411 11.744 9.578 8.911
BP/WAL-Tsy 101 79 91 107 109 115 116
Exercise call option : Optional
Call option code : Earlier of
Fraction of coll. prin. : 0.1000
Yields are to Maturity
Yield Curve: 3M 6M 1Y 2Y 3Y 5Y 10Y 30Y
Settlement 4.99 5.24 5.48 5.82 5.95 6.12 6.35 6.60 12/19/96
<PAGE>
Financial Strategies 12/20/96 03:08:40 pm Prudential Securities
Group IMPACT CMO/ABS Analytics - Price / Yield Tables Incorporated
Deal ID/CUSIP WMLT62A Coupon 7.055
Class A1 PASS-THRU Accr 0.33315 1st Pmt 01/25/97
Collateral 100% HEL (Real) Factor on / /
N/GWAC (Orig) / (9.552/9.977) LIBOR-6M COFI Fixed 5.62891
WAM (Orig) (23.559) Mat N/A Settle 12/27/96
CenterPrice 100-00 Inc 4.0 Table Yield Roll@
CPR 16.00 CPR 5.00 CPR 10.00 CPR 20.00 CPR 23.00 CPR 28.00 CPR 30.00
Price
----- --------- --------- --------- --------- --------- --------- ---------
97-20 7.818 7.520 7.646 7.943 8.041 8.215 8.288
97-24 7.778 7.498 7.616 7.895 7.988 8.151 8.220
97-28 7.738 7.477 7.587 7.848 7.934 8.087 8.151
98-00 7.699 7.455 7.558 7.801 7.881 8.023 8.083
98-04 7.659 7.433 7.528 7.753 7.828 7.959 8.015
98-08 7.619 7.411 7.499 7.706 7.775 7.896 7.947
98-12 7.580 7.390 7.470 7.659 7.722 7.833 7.880
98-16 7.541 7.368 7.441 7.613 7.670 7.770 7.812
98-20 7.501 7.347 7.412 7.566 7.617 7.707 7.745
98-24 7.462 7.325 7.383 7.519 7.564 7.644 7.678
98-28 7.423 7.304 7.354 7.473 7.512 7.581 7.611
99-00 7.384 7.283 7.325 7.426 7.460 7.519 7.544
99-04 7.345 7.261 7.297 7.380 7.408 7.457 7.477
99-08 7.306 7.240 7.268 7.334 7.356 7.394 7.411
99-12 7.268 7.219 7.239 7.288 7.304 7.332 7.344
99-16 7.229 7.198 7.211 7.242 7.252 7.271 7.278
99-20 7.190 7.176 7.182 7.196 7.201 7.209 7.212
99-24 7.152 7.155 7.154 7.151 7.149 7.147 7.147
99-28 7.114 7.134 7.126 7.105 7.098 7.086 7.081
100-00 7.075 7.113 7.097 7.059 7.047 7.025 7.015
100-04 7.037 7.092 7.069 7.014 6.996 6.964 6.950
100-08 6.999 7.072 7.041 6.969 6.945 6.903 6.885
100-12 6.961 7.051 7.013 6.924 6.894 6.842 6.820
100-16 6.923 7.030 6.985 6.879 6.843 6.781 6.755
100-20 6.885 7.009 6.957 6.834 6.793 6.721 6.690
100-24 6.848 6.988 6.929 6.789 6.742 6.661 6.626
100-28 6.810 6.968 6.901 6.744 6.692 6.600 6.562
101-00 6.773 6.947 6.874 6.700 6.642 6.540 6.497
101-04 6.735 6.927 6.846 6.655 6.592 6.480 6.433
101-08 6.698 6.906 6.818 6.611 6.542 6.421 6.369
101-12 6.661 6.886 6.791 6.566 6.492 6.361 6.306
101-16 6.623 6.865 6.763 6.522 6.442 6.302 6.242
101-20 6.586 6.845 6.736 6.478 6.393 6.242 6.179
101-24 6.549 6.825 6.709 6.434 6.343 6.183 6.115
101-28 6.512 6.804 6.681 6.390 6.294 6.124 6.052
102-00 6.476 6.784 6.654 6.347 6.244 6.065 5.989
102-04 6.439 6.764 6.627 6.303 6.195 6.007 5.927
102-08 6.402 6.744 6.600 6.259 6.146 5.948 5.864
102-12 6.366 6.724 6.573 6.216 6.097 5.889 5.801
Avg. Life 4.226 9.432 6.275 3.412 2.961 2.403 2.225
Mod. Dur. 3.261 5.946 4.414 2.743 2.437 2.037 1.905
Mac. Dur. 3.376 6.157 4.571 2.840 2.523 2.109 1.972
1st Pmt. 0.078 0.078 0.078 0.078 0.078 0.078 0.078
Last Pmt. 07/25/08 11/25/17 05/25/13 05/25/06 02/25/05 08/25/03 02/25/03
BP/WAL-Tsy 102 79 92 107 110 115 117
Exercise call option : Optional
Call option code : Earlier of
Fraction of coll. prin. : 0.1000
Yields are to Call
Yield Curve: 3M 6M 1Y 2Y 3Y 5Y 10Y 30Y
Settlement 4.99 5.24 5.48 5.82 5.95 6.12 6.35 6.60 12/19/96
