- --------------------------------------------------------------------------------
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) September 29, 1998
Prudential Securities Secured Financing Corporation
(Exact name of registrant as specified in its charter)
Delaware 333-61939 13-3526694
(State or Other Jurisdiction (Commission File (I.R.S. Employer
of Incorporation) Number) Identification No.)
One New York Plaza
New York, New York 10292
(Address of Principal Executive (Zip Code)
Offices)
Registrant's telephone number, including area code (212) 778-1000
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
1998-3, Mortgage Pass-Through Certificates, Series 1998-3 described in a
Prospectus Supplement dated September 25, 1998, 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).
2
<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 1998-3
Registrant
By: /s/ Evan Mitnick
-------------------------
Name: Evan Mitnick
Title: Vice President
Dated: September 28, 1998
<PAGE>
EXHIBIT INDEX
Exhibit No. Description
- ----------- -----------
99.1 Related Computational Materials (as defined
in Item 5 above).
EXHIBIT 99.1
Wilshire Mortgage Loan Trust 1998-3
Preliminary Marketing Materials
$[175,951,000] Offered Certificates
$[88,066,000] Class A-1 Floating Rate Certificates - 1M LIBOR + [TBD]%
$[25,517,000] Class A-2 Fixed-Rate Certificates - [TBD]%
$[25,805,000] Class A-3 Fixed-Rate Certificates - [TBD]%
$[17,013,000] Class A-4 Floating Rate Certificates - 1M LIBOR + [TBD]%
$[ 7,997,000] Class M-1 Fixed-Rate Certificates - [TBD]%
$[ 6,221,000] Class M-2 Fixed-Rate Certificates - [TBD]%
$[ 5,332,000] Class M-3 Fixed-Rate Certificates - [TBD]%
The information provided herein is provided solely by Prudential Securities
Incorporated ("PSI") as underwriter for the Wilshire Mortgage Loan Trust 1998-3
transaction, and not by, or as agent for Wilshire Financial Services Group, Inc.
("WFSG," 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
consummated 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.
Wilshire Mortgage Loan Trust 1998-3
Title of Securities: Wilshire Mortgage Loan Trust, Mortgage Pass-Through
Certificates, Series 1998-3, Classes A-1, A-2, A-3, A-4
(the "Class A Senior Certificates"), Classes M-1, M-2
and M-3 (the "Class M Mezzanine Certificates" and
together with the Class A Senior Certificates, the
"Offered Certificates") and Class B (the "Class B
Subordinate Certificates" and together with the Offered
Certificates, the "Certificates").
Collateral: The pool consists of both fixed-rate loans and
adjustable rate loans originated by a well known
mortgage originator and subsequently purchased by
Wilshire Financial Services Group (the "Purchased
Collateral" representing approximately 52.4% of the
aggregate principal balance of the trust) and loans
originated per Wilshire's program (the "Wilshire
Collateral" representing approximately 47.6% of the
aggregate principal balance of the trust).
Size of Offered
Securities: $[175,951,000]
Pricing Speed: 27 CPR for Fixed Rate Collateral and 30 CPR for
Adjustable Rate Collateral
Payment Date: The 5th day of the month or, if such day is not a
business day, the next succeeding business day,
beginning on October 5, 1998.
Interest Accrual
Period: FIXED-RATE CERTIFICATES: Interest will accrue from the
first day of the preceding month until the 30th day of
the preceding month. For the initial accrual period,
interest will accrue from and including the Dated Date
till the day before the Settlement Date.
FLOATING RATE CERTIFICATES: Interest will accrue from
the 5th day of the preceding month to the 4th day of the
current month. For the initial accrual period, the bonds
will settle with no accrued interest (a.k.a. settles
flat).
Payment Delay: FIXED-RATE CERTIFICATES: 4 days.
FLOATING RATE CERTIFICATES: 0 days.
Dated Date: September 1, 1998
Pricing Date: September [ ], 1998
Settlement Date: September [29], 1998
Master Servicer: Wilshire Credit Corporation ("WCC")
Sub Servicer: PNC
Servicing Fee: [0.40]% on a per annum basis on the Wilshire Collateral
[0.65]% (initial) on a per annum basis on the Purchased
Collateral
Trustee &
Backup Servicer: Bankers Trust Company of California, N.A.
Backup Servicing Fee: Up to 0.50% on a per annum basis
Principal Paydown: PRIOR TO THE "STEPDOWN DATE", OR, IF A TRIGGER EVENT HAS
OCCURRED:
1) To the Class A-4 Certificateholders - the Class
A-4 Principal Distribution Amount (see below);
2) To the other Class A Senior Certificates, in
sequential order.
CLASS A-4 PRINCIPAL DISTRIBUTION AMOUNT - As to any
Distribution Date, Available Funds collected during the
related Collection Period are distributed according to
the following cash-flow priorities: the greater of (A)
the Class A-4 Certificates pro-rata share of principal
received and (B) the excess, if any, of (x) the
Principal Balance of the Class A-4 Certificates over (y)
the Principal Balance of the floating rate collateral.
In no case will this amount exceed the Principal Balance
of the Class A-4 Certificates.
THIS PAGE MUST BE ACCOMPANIED BY 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 Mortgage Loan Trust 1998-3
Principal Paydown
(Continued): ON AND AFTER THE STEPDOWN DATE (PROVIDED A TRIGGER EVENT
HAS NOT OCCURRED AND IS NOT CONTINUING):
All Certificates will be entitled to receive
payments of principal in the following order of
priority: first, to the Class A Certificates (in
the same order of priority as is the case prior to
the Stepdown Date); second, beginning with the
[October 2001] Payment Date, to the Class M-1
Certificates; third, to the Class M-2 Certificates;
fourth, to the Class M-3 Certificates; and fifth,
to the Class B Certificates with each Class
receiving its pro-rata share.
STEPDOWN DATE:
The later of (i) the [October 2001] Payment Date and
(ii) the first Payment Date on which the Senior
Enhancement Percentage (i.e., the sum of the Subordinate
Certificates + the O/C amount divided by the aggregate
Loan Balance of the Mortgage Loans) is greater than or
equal to the Senior Specified Enhancement Percentage.
Senior Specified Enhancement Percentage: [26.0]%
Initial Class Sizes: Class A: [88.0]%
Class M-1: [4.5]%
Class M-2: [3.5]%
Class M-3: [3.0]%
Class B: [1.0]%
Flow of Funds: 1) Any unreimbursed advance 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 on such mortgage
loan or upon liquidation;
2) to the servicer, the Servicing Fee;
3) to the Trustee, the Trustee Fee;
4) accrued monthly interest pro-rata to the Class
A-1, A-2, A-3 and A-4 Certificates;
5) accrued monthly interest pro-rata to the Class M-1
Certificates;
6) accrued monthly interest pro-rata to the Class M-2
Certificates;
7) accrued monthly interest pro-rata to the Class M-3
Certificates;
8) accrued monthly interest pro-rata to the Class B
Certificates;
9) monthly principal to the Class A Senior
Certificates, as described above;
10) monthly principal to the Class M-1 Certificates,
as described above;
11) monthly principal to the Class M-2 Certificates,
as described above;
12) monthly principal to the Class M-3 Certificates,
as described above;
13) monthly principal to the Class B Certificates, as
described above;
14) to O/C up to its target amount;
15) to the Class R Certificates.
Credit Enhancement: 1) Subordination of the Class M and Class B bonds
2) Overcollateralization
3) Excess monthly cash flow in any month, but not in
future periods
Certificate Ratings: Moodys Fitch
----- -----
Class A: Aaa AAA
Class M-1: Aa2 AA
Class M-2: A2 A
Class M-3: Baa2 BBB
THIS PAGE MUST BE ACCOMPANIED BY 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 Mortgage Loan Trust 1998-3
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 principal 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 that
the subordinated Class B Certificates, making up
approximately [1.0]% of the original principal balance,
also function as additional overcollateralization.
Initial
Overcollateralization: [0.0]%
Target
Overcollateralization: [1.0]% of the original principal balance of the
collateral until the Stepdown Date when the target O/C
becomes [2.0]% of the current principal balance of the
collateral.
10% 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.
If the bonds have not been retired at the clean-up call
date, the coupon on the Floating Rate Certificates will
step-up by two times (2x) their respective Margins and
the coupon on the Class A Fixed Certificates will
step-up by 0.75%.
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 Class A Senior Certificates will not be ERISA
eligible. The Class M and Class B Subordinated
Certificates will NOT 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 Certificates will not be SMMEA-eligible.
Taxation: REMIC.
Form of Certificates: Book-Entry form, same-day funds through DTC, Euroclear
and CEDEL.
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 consummated unless the purchaser has received the
Prospectus.
Further
Information: Trading: Rob Karr or Greg Richter at (212) 778-2741.
Banking: Adam Tepper at (212) 778-4944 or Evan Mitnick
at (212) 778-7469.
Structuring: Vito Lodato at (212) 778-1506 or Frank Lee
at (212) 778-2612.
THIS PAGE MUST BE ACCOMPANIED BY 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 Mortgage Loan Trust 1998-3
<TABLE>
<CAPTION>
Class A-1 Class A-2 Class A-3 Class A-4 Class M-1 Class M-2
Floating Rate Fixed-Rate Fixed-Rate Floating Rate Fixed-Rate Fixed-Rate
Sequential Sequential Sequential Sequential Pro-Rata Pro-Rata
----------- ----------- ----------- ----------- ----------- -----------
<S> <C> <C> <C> <C> <C> <C>
Face Amount: $[88,066,000] $[25,517,000] $[25,805,000] $[17,013,000] $[7,997,000] $[6,221,000]
Average Life
to Maturity: [1.000] yrs. [3.089] yrs. [6.993] yrs. [2.492] yrs. [5.876] yrs. [5.876] yrs.
Average Life
to Call: [1.000] yrs. [3.089] yrs. [5.938] yrs. [2.297] yrs. [5.163] yrs. [5.163] yrs.
Price: [ ] [ ] [ ] [ ] [ ] [ ]
Spread: [ ]% [ ]% [ ]% [ ]% [ ]% [ ]%
Coupon*: [ ]% [ ]% [ ]% [ ]% [ ]% [ ]%
Yield(CBE): [ ]% [ ]% [ ]% [ ]% [ ]% [ ]%
Day Count: act/360 30/360 30/360 act/360 30/360 30/360
Expected
Maturity: [02/05/01] [12/05/02] [11/05/15] [11/05/15] [11/05/15] [11/05/15]
Expected
Maturity
to Call: [02/05/01] [12/05/02] [08/05/05] [08/05/05] [08/05/05] [08/05/05]
Final
Maturity: [06/05/19] [06/05/22] [10/05/29] [01/05/29] [10/05/29] [10/05/29]
Dated Date: [09/29/1998] [09/01/1998] [09/01/1998] [09/29/1998] [09/01/1998] [09/01/1998]
Rating: Aaa/AAA Aaa/AAA Aaa/AAA Aaa/AAA Aa2/AA A2/A
(Moodys/Fitch)
</TABLE>
*Coupon Rate for the A-1 and A-4 is the lesser of:
1) The related Class Coupon Rate
2) The Available Funds Cap
Available Funds Cap: A rate equal to the weighted average gross coupon rate
less servicing fees and trustee fees.
THIS PAGE MUST BE ACCOMPANIED BY 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 Mortgage Loan Trust 1998-3
Class M-3
Fixed-Rate
Pro-Rata
-----------
Face Amount: $[5,332,000]
Average Life
to Maturity: [5.876] yrs.
Average Life
to Call: [5.163] yrs.
Price: [ ]
Spread: [ ]%
Coupon*: [ ]%
Yield(CBE): [ ]%
Day Count: 30/360
Expected
Maturity: [11/05/15]
Expected
Maturity
to Call: [08/05/05]
Final
Maturity: [10/05/29]
Dated Date: [09/01/1998]
Rating: Baa2/BBB
(Moodys/Fitch)
THIS PAGE MUST BE ACCOMPANIED BY 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>
Financial Strategies 09/18/98 06:09:37 pm Prudential Securities
Group IMPACT CMO/ABS Analytics - Digest Information Incorporated
Deal ID/CUSIP WMLT983 Not Priced Yet
Series 1998-3 Delivery Date 09/29/98
Underwriter PSI Dated Date Various
Issuer WILSHIRE MORTGAGE LOAN TRUST Credit Support Senior/Sub/OC
Collateral 100%WL (Real) Deal Type HEL REMIC
N/GWAC (Orig) / Pricing Speed CPR 27Fixed/30ARMs
WAM (Orig) Rating
Size 177,729,958 Coupon Range
Trustee Modeled Y
View Summary On Page 1 of 4
Class Coupon Mat Amt 000 AvLf Sprd Price Yield Description
- ------ ------- ----- ------- ---- ---- ------- ------- -------------------------
A1 * N/A 88,066 1.0 N/A N/A N/A AAA L-1M+TBA
A2 N/A N/A 25,517 3.1 N/A N/A N/A AAA
A3 N/A N/A 25,805 5.9 N/A N/A N/A AAA
A4 * N/A 17,013 2.3 N/A N/A N/A AAA L-1M+TBA
M1 N/A N/A 7,997 5.2 N/A N/A N/A AA
M2 N/A N/A 6,221 5.2 N/A N/A N/A A2
M3 N/A N/A 5,332 5.2 N/A N/A N/A BAA2
<TABLE>
<CAPTION>
<S> <C> <C>
CURRENT BALANCE: $88,066,000.00 DATED DATE: 09/29/98
CURRENT COUPON: TBA wmlt983 FIRST PAYMENT: 10/05/98
ORIGINAL BALANCE: $88,066,000.00 BOND A1 DISCOUNT MARGIN ACT/360 TABLE YIELD TABLE DATE: 09/29/98
</TABLE>
ASSUMED CONSTANT LIBOR-1M 5.5898
PRICING SPEED
100REP 75REP 90REP 125REP 150REP
PRICE
99-24 40.803 33.955 37.994 48.415 56.961
99-24+ 39.188 32.768 36.555 46.323 54.333
99-25 37.572 31.582 35.115 44.231 51.706
99-25+ 35.958 30.396 33.676 42.140 49.080
99-26 34.343 29.210 32.237 40.049 46.455
99-26+ 32.729 28.024 30.799 37.959 43.830
99-27 31.115 26.838 29.361 35.869 41.205
99-27+ 29.502 25.653 27.923 33.780 38.582
99-28 27.889 24.468 26.486 31.691 35.959
99-28+ 26.276 23.284 25.049 29.603 33.337
99-29 24.664 22.100 23.612 27.515 30.715
99-29+ 23.053 20.916 22.176 25.428 28.094
99-30 21.441 19.732 20.740 23.341 25.474
99-30+ 19.830 18.548 19.305 21.255 22.855
99-31 18.220 17.365 17.869 19.170 20.236
99-31+ 16.610 16.183 16.435 17.085 17.618
100-00 15.000 15.000 15.000 15.000 15.000
100-00+ 13.391 13.818 13.566 12.916 12.383
100-01 11.782 12.636 12.132 10.832 9.767
100-01+ 10.173 11.454 10.699 8.750 7.151
100-02 8.565 10.273 9.266 6.667 4.537
100-02+ 6.957 9.092 7.833 4.585 1.922
100-03 5.350 7.911 6.400 2.504 -0.691
100-03+ 3.743 6.730 4.968 0.423 -3.304
100-04 2.136 5.550 3.537 -1.658 -5.916
100-04+ 0.530 4.370 2.105 -3.737 -8.528
100-05 -1.075 3.191 0.674 -5.817 -11.139
100-05+ -2.681 2.011 -0.756 -7.896 -13.749
100-06 -4.286 0.832 -2.187 -9.974 -16.358
100-06+ -5.890 -0.347 -3.617 -12.052 -18.967
100-07 -7.495 -1.525 -5.046 -14.129 -21.576
100-07+ -9.098 -2.703 -6.475 -16.206 -24.183
First Payment 0.017 0.017 0.017 0.017 0.017
Average Life 1.000 1.383 1.129 0.765 0.606
Last Payment 2.350 3.350 2.683 1.850 1.433
THIS PAGE MUST BE ACCOMPANIED BY 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>
<S> <C> <C>
CURRENT BALANCE: $25,517,000.00 DATED DATE: 09/01/98
COUPON: TBA wmlt983 FIRST PAYMENT: 10/05/98
ORIGINAL BALANCE: $25,517,000.00 BOND A2 YIELD TABLE YIELD TABLE DATE: 09/29/98
</TABLE>
PREPAYMENT SPEED
PRICING SPEED
100REP 75REP 90REP 125REP 150REP
PRICE
99-24 6.099 6.078 6.090 6.120 6.141
99-24+ 6.093 6.074 6.085 6.112 6.132
99-25 6.087 6.070 6.080 6.105 6.122
99-25+ 6.081 6.066 6.075 6.097 6.113
99-26 6.076 6.062 6.070 6.090 6.104
99-26+ 6.070 6.058 6.065 6.082 6.094
99-27 6.064 6.054 6.060 6.075 6.085
99-27+ 6.059 6.050 6.055 6.067 6.076
99-28 6.053 6.046 6.050 6.060 6.066
99-28+ 6.047 6.042 6.045 6.052 6.057
99-29 6.041 6.038 6.040 6.045 6.048
99-29+ 6.036 6.034 6.035 6.037 6.038
99-30 6.030 6.030 6.030 6.030 6.029
99-30+ 6.024 6.026 6.025 6.022 6.020
99-31 6.019 6.022 6.020 6.015 6.010
99-31+ 6.013 6.018 6.015 6.007 6.001
100-00 6.007 6.014 6.010 6.000 5.992
100-00+ 6.002 6.010 6.005 5.992 5.983
100-01 5.996 6.006 6.000 5.985 5.973
100-01+ 5.990 6.002 5.995 5.977 5.964
100-02 5.984 5.998 5.990 5.970 5.955
100-02+ 5.979 5.994 5.985 5.962 5.945
100-03 5.973 5.990 5.980 5.955 5.936
100-03+ 5.967 5.986 5.975 5.947 5.927
100-04 5.962 5.982 5.970 5.940 5.918
100-04+ 5.956 5.978 5.965 5.932 5.908
100-05 5.950 5.974 5.961 5.925 5.899
100-05+ 5.945 5.970 5.956 5.917 5.890
100-06 5.939 5.967 5.951 5.910 5.880
100-06+ 5.933 5.963 5.946 5.902 5.871
100-07 5.928 5.959 5.941 5.895 5.862
100-07+ 5.922 5.955 5.936 5.887 5.853
First Payment 2.350 3.350 2.683 1.850 1.433
Average Life 3.089 4.603 3.589 2.292 1.822
Last Payment 4.183 6.183 4.850 2.850 2.267
THIS PAGE MUST BE ACCOMPANIED BY 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>
<S> <C> <C>
CURRENT BALANCE: $25,805,000.00 DATED DATE: 09/01/98
COUPON: TBA wmlt983 FIRST PAYMENT: 10/05/98
ORIGINAL BALANCE: $25,805,000.00 BOND A3 YIELD TABLE YIELD TABLE DATE: 09/29/98
</TABLE>
**TO CALL**
PREPAYMENT SPEED
PRICING SPEED
100REP 75REP 90REP 125REP 150REP
PRICE
99-24 6.389 6.380 6.385 6.401 6.416
99-24+ 6.386 6.378 6.382 6.396 6.411
99-25 6.382 6.375 6.379 6.392 6.405
99-25+ 6.379 6.373 6.376 6.388 6.400
99-26 6.376 6.370 6.373 6.384 6.394
99-26+ 6.373 6.368 6.371 6.379 6.388
99-27 6.369 6.365 6.368 6.375 6.383
99-27+ 6.366 6.363 6.365 6.371 6.377
99-28 6.363 6.360 6.362 6.367 6.371
99-28+ 6.360 6.358 6.359 6.362 6.366
99-29 6.356 6.355 6.356 6.358 6.360
99-29+ 6.353 6.353 6.353 6.354 6.354
99-30 6.350 6.350 6.350 6.349 6.349
99-30+ 6.347 6.348 6.347 6.345 6.343
99-31 6.343 6.345 6.344 6.341 6.338
99-31+ 6.340 6.343 6.341 6.337 6.332
100-00 6.337 6.340 6.338 6.332 6.326
100-00+ 6.334 6.338 6.335 6.328 6.321
100-01 6.330 6.335 6.333 6.324 6.315
100-01+ 6.327 6.333 6.330 6.320 6.309
100-02 6.324 6.330 6.327 6.315 6.304
100-02+ 6.321 6.328 6.324 6.311 6.298
100-03 6.317 6.326 6.321 6.307 6.293
100-03+ 6.314 6.323 6.318 6.303 6.287
100-04 6.311 6.321 6.315 6.298 6.281
100-04+ 6.308 6.318 6.312 6.294 6.276
100-05 6.304 6.316 6.309 6.290 6.270
100-05+ 6.301 6.313 6.306 6.285 6.264
100-06 6.298 6.311 6.303 6.281 6.259
100-06+ 6.295 6.308 6.300 6.277 6.253
100-07 6.291 6.306 6.298 6.273 6.248
100-07+ 6.288 6.303 6.295 6.268 6.242
First Payment 4.183 6.183 4.850 2.850 2.267
Average Life 5.938 8.352 6.765 4.322 3.161
Last Payment 6.850 9.350 7.683 5.350 4.267
THIS PAGE MUST BE ACCOMPANIED BY 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>
<S> <C> <C>
CURRENT BALANCE: $25,805,000.00 DATED DATE: 09/01/98
COUPON: 6.269% wmlt983 FIRST PAYMENT: 10/05/98
ORIGINAL BALANCE: $25,805,000.00 BOND A3 YIELD TABLE YIELD TABLE DATE: 09/29/98
</TABLE>
**TO MATURITY**
PREPAYMENT SPEED
PRICING SPEED
100REP 75REP 90REP 125REP 150REP
PRICE
100-07 6.381 6.384 6.385 6.360 6.319
100-07+ 6.378 6.382 6.382 6.356 6.313
100-08 6.375 6.380 6.379 6.352 6.308
100-08+ 6.372 6.378 6.377 6.348 6.303
100-09 6.369 6.375 6.374 6.344 6.298
100-09+ 6.367 6.373 6.372 6.340 6.293
100-10 6.364 6.371 6.369 6.337 6.288
100-10+ 6.361 6.369 6.366 6.333 6.283
100-11 6.358 6.366 6.364 6.329 6.277
100-11+ 6.355 6.364 6.361 6.325 6.272
100-12 6.352 6.362 6.359 6.321 6.267
100-12+ 6.349 6.360 6.356 6.318 6.262
100-13 6.346 6.358 6.353 6.314 6.257
100-13+ 6.344 6.355 6.351 6.310 6.252
100-14 6.341 6.353 6.348 6.306 6.247
100-14+ 6.338 6.351 6.346 6.302 6.241
100-15 6.335 6.349 6.343 6.299 6.236
100-15+ 6.332 6.346 6.341 6.295 6.231
100-16 6.329 6.344 6.338 6.291 6.226
100-16+ 6.326 6.342 6.335 6.287 6.221
100-17 6.323 6.340 6.333 6.283 6.216
100-17+ 6.321 6.338 6.330 6.280 6.211
100-18 6.318 6.335 6.328 6.276 6.206
100-18+ 6.315 6.333 6.325 6.272 6.200
100-19 6.312 6.331 6.322 6.268 6.195
100-19+ 6.309 6.329 6.320 6.264 6.190
100-20 6.306 6.326 6.317 6.261 6.185
100-20+ 6.303 6.324 6.315 6.257 6.180
100-21 6.300 6.322 6.312 6.253 6.175
100-21+ 6.298 6.320 6.309 6.249 6.170
100-22 6.295 6.318 6.307 6.246 6.165
100-22+ 6.292 6.315 6.304 6.242 6.159
First Payment 4.183 6.183 4.850 2.850 2.267
Average Life 6.993 9.822 7.990 4.992 3.521
Last Payment 17.100 21.183 18.683 13.600 11.017
THIS PAGE MUST BE ACCOMPANIED BY 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>
<S> <C> <C>
CURRENT BALANCE: $17,013,000.00 DATED DATE: 09/29/98
CURRENT COUPON: TBA wmlt983 FIRST PAYMENT: 10/05/98
ORIGINAL BALANCE: $17,013,000.00 BOND A4 DISCOUNT MARGIN ACT/360 TABLE YIELD TABLE DATE: 09/29/98
**TO CALL**
</TABLE>
ASSUMED CONSTANT LIBOR-1M 5.5898
PRICING SPEED
100REP 75REP 90REP 125REP 150REP
PRICE
99-24 42.120 38.933 40.785 45.859 50.305
99-24+ 41.361 38.374 40.109 44.866 49.033
99-25 40.602 37.814 39.434 43.873 47.762
99-25+ 39.843 37.255 38.759 42.880 46.491
99-26 39.085 36.696 38.084 41.887 45.220
99-26+ 38.327 36.137 37.409 40.895 43.950
99-27 37.569 35.578 36.735 39.903 42.680
99-27+ 36.811 35.020 36.060 38.912 41.410
99-28 36.053 34.461 35.386 37.920 40.141
99-28+ 35.296 33.903 34.712 36.929 38.872
99-29 34.538 33.345 34.038 35.938 37.604
99-29+ 33.781 32.787 33.365 34.948 36.335
99-30 33.025 32.229 32.691 33.958 35.068
99-30+ 32.268 31.672 32.018 32.968 33.800
99-31 31.512 31.114 31.345 31.978 32.533
99-31+ 30.756 30.557 30.673 30.989 31.266
100-00 30.000 30.000 30.000 30.000 30.000
100-00+ 29.244 29.443 29.328 29.011 28.734
100-01 28.489 28.886 28.655 28.023 27.468
100-01+ 27.734 28.330 27.983 27.035 26.203
100-02 26.979 27.773 27.312 26.047 24.938
100-02+ 26.224 27.217 26.640 25.059 23.674
100-03 25.470 26.661 25.969 24.072 22.409
100-03+ 24.715 26.105 25.298 23.085 21.145
100-04 23.961 25.549 24.627 22.098 19.882
100-04+ 23.207 24.994 23.956 21.112 18.619
100-05 22.454 24.438 23.285 20.126 17.356
100-05+ 21.700 23.883 22.615 19.140 16.094
100-06 20.947 23.328 21.945 18.154 14.831
100-06+ 20.194 22.773 21.275 17.169 13.570
100-07 19.441 22.218 20.605 16.184 12.308
100-07+ 18.689 21.663 19.935 15.199 11.047
First Payment 0.017 0.017 0.017 0.017 0.017
Average Life 2.297 3.263 2.623 1.703 1.301
Last Payment 6.850 9.350 7.683 5.350 4.267
THIS PAGE MUST BE ACCOMPANIED BY 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>
<S> <C> <C>
CURRENT BALANCE: $17,013,000.00 DATED DATE: 09/29/98
CURRENT COUPON: 5.890% wmlt983 FIRST PAYMENT: 10/05/98
ORIGINAL BALANCE: $17,013,000.00 BOND A4 DISCOUNT MARGIN ACT/360 TABLE YIELD TABLE DATE: 09/29/98
**TO MATURITY**
</TABLE>
ASSUMED CONSTANT LIBOR-1M 5.5898
PRICING SPEED
100REP 75REP 90REP 125REP 150REP
PRICE
99-24 43.059 39.890 41.767 46.553 50.666
99-24+ 42.340 39.357 41.126 45.609 49.442
99-25 41.621 38.823 40.486 44.665 48.218
99-25+ 40.903 38.289 39.845 43.721 46.994
99-26 40.185 37.756 39.205 42.778 45.771
99-26+ 39.467 37.223 38.565 41.835 44.548
99-27 38.749 36.690 37.926 40.892 43.326
99-27+ 38.031 36.157 37.286 39.949 42.104
99-28 37.314 35.625 36.647 39.007 40.882
99-28+ 36.597 35.092 36.008 38.066 39.661
99-29 35.880 34.560 35.369 37.124 38.440
99-29+ 35.163 34.028 34.731 36.183 37.220
99-30 34.447 33.496 34.092 35.242 36.000
99-30+ 33.731 32.965 33.454 34.301 34.780
99-31 33.015 32.433 32.816 33.361 33.561
99-31+ 32.299 31.902 32.179 32.421 32.342
100-00 31.584 31.370 31.541 31.481 31.123
100-00+ 30.869 30.839 30.904 30.542 29.905
100-01 30.154 30.309 30.267 29.603 28.687
100-01+ 29.439 29.778 29.630 28.664 27.470
100-02 28.725 29.247 28.993 27.726 26.253
100-02+ 28.010 28.717 28.357 26.788 25.036
100-03 27.296 28.187 27.721 25.850 23.820
100-03+ 26.583 27.657 27.085 24.913 22.604
100-04 25.869 27.127 26.449 23.975 21.389
100-04+ 25.156 26.598 25.813 23.038 20.174
100-05 24.443 26.068 25.178 22.102 18.959
100-05+ 23.730 25.539 24.542 21.166 17.745
100-06 23.017 25.010 23.907 20.230 16.531
100-06+ 22.305 24.481 23.273 19.294 15.317
100-07 21.593 23.952 22.638 18.359 14.104
100-07+ 20.881 23.423 22.004 17.424 12.891
First Payment 0.017 0.017 0.017 0.017 0.017
Average Life 2.492 3.535 2.849 1.827 1.368
Last Payment 17.100 21.183 18.683 13.600 11.017
THIS PAGE MUST BE ACCOMPANIED BY 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>
<S> <C> <C>
CURRENT BALANCE: $7,997,000.00 DATED DATE: 09/01/98
COUPON: TBA wmlt983 FIRST PAYMENT: 10/05/98
ORIGINAL BALANCE: $7,997,000.00 BOND M1 YIELD TABLE YIELD TABLE DATE: 09/29/98
**TO CALL**
</TABLE>
PREPAYMENT SPEED
PRICING SPEED
100REP 75REP 90REP 125REP 150REP
PRICE
99-24 6.565 6.560 6.563 6.570 6.576
99-24+ 6.561 6.556 6.559 6.566 6.571
99-25 6.558 6.553 6.556 6.562 6.567
99-25+ 6.554 6.550 6.552 6.558 6.562
99-26 6.550 6.547 6.549 6.554 6.557
99-26+ 6.547 6.544 6.545 6.550 6.553
99-27 6.543 6.540 6.542 6.545 6.548
99-27+ 6.539 6.537 6.538 6.541 6.543
99-28 6.536 6.534 6.535 6.537 6.539
99-28+ 6.532 6.531 6.531 6.533 6.534
99-29 6.528 6.527 6.528 6.529 6.529
99-29+ 6.524 6.524 6.524 6.525 6.525
99-30 6.521 6.521 6.521 6.520 6.520
99-30+ 6.517 6.518 6.517 6.516 6.516
99-31 6.513 6.515 6.514 6.512 6.511
99-31+ 6.510 6.511 6.510 6.508 6.506
100-00 6.506 6.508 6.507 6.504 6.502
100-00+ 6.502 6.505 6.503 6.500 6.497
100-01 6.499 6.502 6.500 6.496 6.492
100-01+ 6.495 6.499 6.496 6.491 6.488
100-02 6.491 6.495 6.493 6.487 6.483
100-02+ 6.487 6.492 6.489 6.483 6.478
100-03 6.484 6.489 6.486 6.479 6.474
100-03+ 6.480 6.486 6.482 6.475 6.469
100-04 6.476 6.482 6.479 6.471 6.465
100-04+ 6.473 6.479 6.475 6.467 6.460
100-05 6.469 6.476 6.472 6.462 6.455
100-05+ 6.465 6.473 6.468 6.458 6.451
100-06 6.462 6.470 6.465 6.454 6.446
100-06+ 6.458 6.466 6.461 6.450 6.442
100-07 6.454 6.463 6.458 6.446 6.437
100-07+ 6.451 6.460 6.454 6.442 6.432
First Payment 3.017 3.017 3.017 3.017 3.017
Average Life 5.163 6.195 5.517 4.485 3.933
Last Payment 6.850 9.350 7.683 5.350 4.267
THIS PAGE MUST BE ACCOMPANIED BY 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>
<S> <C> <C>
CURRENT BALANCE: $7,997,000.00 DATED DATE: 09/01/98
COUPON: 6.436% wmlt983 FIRST PAYMENT: 10/05/98
ORIGINAL BALANCE: $7,997,000.00 BOND M1 YIELD TABLE YIELD TABLE DATE: 09/29/98
**TO MATURITY**
</TABLE>
PREPAYMENT SPEED
PRICING SPEED
100REP 75REP 90REP 125REP 150REP
PRICE
99-24 6.562 6.557 6.560 6.565 6.568
99-24+ 6.558 6.554 6.557 6.561 6.564
99-25 6.555 6.551 6.554 6.558 6.560
99-25+ 6.551 6.548 6.550 6.554 6.556
99-26 6.548 6.545 6.547 6.550 6.552
99-26+ 6.545 6.542 6.544 6.547 6.548
99-27 6.541 6.539 6.541 6.543 6.544
99-27+ 6.538 6.536 6.537 6.539 6.540
99-28 6.534 6.533 6.534 6.536 6.536
99-28+ 6.531 6.530 6.531 6.532 6.532
99-29 6.528 6.527 6.527 6.528 6.528
99-29+ 6.524 6.524 6.524 6.524 6.525
99-30 6.521 6.521 6.521 6.521 6.521
99-30+ 6.518 6.518 6.518 6.517 6.517
99-31 6.514 6.515 6.514 6.513 6.513
99-31+ 6.511 6.512 6.511 6.510 6.509
100-00 6.507 6.509 6.508 6.506 6.505
100-00+ 6.504 6.506 6.505 6.502 6.501
100-01 6.501 6.503 6.502 6.499 6.497
100-01+ 6.497 6.500 6.498 6.495 6.493
100-02 6.494 6.497 6.495 6.491 6.489
100-02+ 6.490 6.494 6.492 6.488 6.485
100-03 6.487 6.491 6.489 6.484 6.481
100-03+ 6.484 6.488 6.485 6.480 6.477
100-04 6.480 6.485 6.482 6.476 6.473
100-04+ 6.477 6.482 6.479 6.473 6.469
100-05 6.474 6.479 6.476 6.469 6.465
100-05+ 6.470 6.476 6.472 6.465 6.461
100-06 6.467 6.473 6.469 6.462 6.457
100-06+ 6.463 6.470 6.466 6.458 6.453
100-07 6.460 6.467 6.463 6.454 6.449
100-07+ 6.457 6.464 6.459 6.451 6.445
First Payment 3.017 3.017 3.017 3.017 3.017
Average Life 5.876 6.868 6.219 5.232 4.783
Last Payment 17.100 21.183 18.683 13.600 11.017
THIS PAGE MUST BE ACCOMPANIED BY 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>
<S> <C> <C>
CURRENT BALANCE: $6,221,000.00 DATED DATE: 09/01/98
COUPON: TBA wmlt983 FIRST PAYMENT: 10/05/98
ORIGINAL BALANCE: $6,221,000.00 BOND M2 YIELD TABLE YIELD TABLE DATE: 09/29/98
**TO CALL**
</TABLE>
PREPAYMENT SPEED
PRICING SPEED
100REP 75REP 90REP 125REP 150REP
PRICE
99-24 6.916 6.911 6.914 6.921 6.927
99-24+ 6.912 6.908 6.911 6.917 6.922
99-25 6.909 6.904 6.907 6.913 6.917
99-25+ 6.905 6.901 6.903 6.909 6.913
99-26 6.901 6.898 6.900 6.904 6.908
99-26+ 6.897 6.895 6.896 6.900 6.903
99-27 6.894 6.891 6.893 6.896 6.899
99-27+ 6.890 6.888 6.889 6.892 6.894
99-28 6.886 6.885 6.886 6.888 6.889
99-28+ 6.883 6.881 6.882 6.883 6.885
99-29 6.879 6.878 6.879 6.879 6.880
99-29+ 6.875 6.875 6.875 6.875 6.875
99-30 6.871 6.872 6.871 6.871 6.871
99-30+ 6.868 6.868 6.868 6.867 6.866
99-31 6.864 6.865 6.864 6.863 6.861
99-31+ 6.860 6.862 6.861 6.858 6.857
100-00 6.856 6.859 6.857 6.854 6.852
100-00+ 6.853 6.855 6.854 6.850 6.847
100-01 6.849 6.852 6.850 6.846 6.843
100-01+ 6.845 6.849 6.847 6.842 6.838
100-02 6.841 6.846 6.843 6.837 6.833
100-02+ 6.838 6.842 6.840 6.833 6.829
100-03 6.834 6.839 6.836 6.829 6.824
100-03+ 6.830 6.836 6.832 6.825 6.819
100-04 6.827 6.833 6.829 6.821 6.815
100-04+ 6.823 6.829 6.825 6.817 6.810
100-05 6.819 6.826 6.822 6.812 6.805
100-05+ 6.815 6.823 6.818 6.808 6.801
100-06 6.812 6.820 6.815 6.804 6.796
100-06+ 6.808 6.816 6.811 6.800 6.791
100-07 6.804 6.813 6.808 6.796 6.787
100-07+ 6.800 6.810 6.804 6.792 6.782
First Payment 3.017 3.017 3.017 3.017 3.017
Average Life 5.163 6.195 5.517 4.485 3.933
Last Payment 6.850 9.350 7.683 5.350 4.267
THIS PAGE MUST BE ACCOMPANIED BY 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>
<S> <C> <C>
CURRENT BALANCE: $6,221,000.00 DATED DATE: 09/01/98
COUPON: 6.778% wmlt983 FIRST PAYMENT: 10/05/98
ORIGINAL BALANCE: $6,221,000.00 BOND M2 YIELD TABLE YIELD TABLE DATE: 09/29/98
**TO MATURITY**
</TABLE>
PREPAYMENT SPEED
PRICING SPEED
100REP 75REP 90REP 125REP 150REP
PRICE
99-24 6.913 6.909 6.911 6.916 6.919
99-24+ 6.909 6.906 6.908 6.912 6.915
99-25 6.906 6.903 6.905 6.909 6.911
99-25+ 6.902 6.900 6.901 6.905 6.907
99-26 6.899 6.896 6.898 6.901 6.903
99-26+ 6.896 6.893 6.895 6.897 6.899
99-27 6.892 6.890 6.891 6.894 6.895
99-27+ 6.889 6.887 6.888 6.890 6.891
99-28 6.885 6.884 6.885 6.886 6.887
99-28+ 6.882 6.881 6.882 6.883 6.883
99-29 6.878 6.878 6.878 6.879 6.879
99-29+ 6.875 6.875 6.875 6.875 6.875
99-30 6.872 6.872 6.872 6.871 6.871
99-30+ 6.868 6.869 6.868 6.868 6.867
99-31 6.865 6.866 6.865 6.864 6.863
99-31+ 6.861 6.863 6.862 6.860 6.859
100-00 6.858 6.860 6.859 6.856 6.855
100-00+ 6.854 6.857 6.855 6.853 6.851
100-01 6.851 6.853 6.852 6.849 6.847
100-01+ 6.848 6.850 6.849 6.845 6.843
100-02 6.844 6.847 6.845 6.841 6.839
100-02+ 6.841 6.844 6.842 6.838 6.835
100-03 6.837 6.841 6.839 6.834 6.831
100-03+ 6.834 6.838 6.836 6.830 6.827
100-04 6.830 6.835 6.832 6.827 6.823
100-04+ 6.827 6.832 6.829 6.823 6.819
100-05 6.824 6.829 6.826 6.819 6.815
100-05+ 6.820 6.826 6.822 6.815 6.811
100-06 6.817 6.823 6.819 6.812 6.807
100-06+ 6.813 6.820 6.816 6.808 6.803
100-07 6.810 6.817 6.813 6.804 6.799
100-07+ 6.807 6.814 6.809 6.800 6.795
First Payment 3.017 3.017 3.017 3.017 3.017
Average Life 5.876 6.868 6.219 5.232 4.783
Last Payment 17.100 21.183 18.683 13.600 11.017
THIS PAGE MUST BE ACCOMPANIED BY 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>
<S> <C> <C>
CURRENT BALANCE: $5,332,000.00 DATED DATE: 09/01/98
COUPON: TBA wmlt983 FIRST PAYMENT: 10/05/98
ORIGINAL BALANCE: $5,332,000.00 BOND M3 YIELD TABLE YIELD TABLE DATE: 09/29/98
**TO CALL**
</TABLE>
PREPAYMENT SPEED
PRICING SPEED
100REP 75REP 90REP 125REP 150REP
PRICE
99-24 8.320 8.315 8.318 8.325 8.330
99-24+ 8.316 8.312 8.314 8.320 8.325
99-25 8.312 8.308 8.311 8.316 8.320
99-25+ 8.308 8.305 8.307 8.312 8.315
99-26 8.304 8.301 8.303 8.307 8.310
99-26+ 8.301 8.298 8.300 8.303 8.305
99-27 8.297 8.295 8.296 8.298 8.301
99-27+ 8.293 8.291 8.292 8.294 8.296
99-28 8.289 8.288 8.288 8.290 8.291
99-28+ 8.285 8.284 8.285 8.285 8.286
99-29 8.281 8.281 8.281 8.281 8.281
99-29+ 8.277 8.278 8.277 8.277 8.276
99-30 8.273 8.274 8.274 8.272 8.272
99-30+ 8.269 8.271 8.270 8.268 8.267
99-31 8.265 8.267 8.266 8.264 8.262
99-31+ 8.262 8.264 8.263 8.259 8.257
100-00 8.258 8.260 8.259 8.255 8.252
100-00+ 8.254 8.257 8.255 8.251 8.247
100-01 8.250 8.254 8.251 8.246 8.243
100-01+ 8.246 8.250 8.248 8.242 8.238
100-02 8.242 8.247 8.244 8.238 8.233
100-02+ 8.238 8.243 8.240 8.233 8.228
100-03 8.234 8.240 8.237 8.229 8.223
100-03+ 8.231 8.237 8.233 8.225 8.219
100-04 8.227 8.233 8.229 8.221 8.214
100-04+ 8.223 8.230 8.226 8.216 8.209
100-05 8.219 8.226 8.222 8.212 8.204
100-05+ 8.215 8.223 8.218 8.208 8.199
100-06 8.211 8.220 8.214 8.203 8.195
100-06+ 8.207 8.216 8.211 8.199 8.190
100-07 8.203 8.213 8.207 8.195 8.185
100-07+ 8.200 8.209 8.203 8.190 8.180
First Payment 3.017 3.017 3.017 3.017 3.017
Average Life 5.163 6.195 5.517 4.485 3.933
Last Payment 6.850 9.350 7.683 5.350 4.267
THIS PAGE MUST BE ACCOMPANIED BY 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>
<S> <C> <C>
CURRENT BALANCE: $5,332,000.00 DATED DATE: 09/01/98
COUPON: 8.141% wmlt983 FIRST PAYMENT: 10/05/98
ORIGINAL BALANCE: $5,332,000.00 BOND M3 YIELD TABLE YIELD TABLE DATE: 09/29/98
**TO MATURITY**
</TABLE>
PREPAYMENT SPEED
PRICING SPEED
100REP 75REP 90REP 125REP 150REP
PRICE
99-25 8.310 8.307 8.309 8.312 8.314
99-25+ 8.306 8.304 8.305 8.308 8.310
99-26 8.303 8.300 8.302 8.304 8.306
99-26+ 8.299 8.297 8.298 8.301 8.302
99-27 8.295 8.294 8.295 8.297 8.298
99-27+ 8.292 8.291 8.291 8.293 8.294
99-28 8.288 8.287 8.288 8.289 8.289
99-28+ 8.285 8.284 8.284 8.285 8.285
99-29 8.281 8.281 8.281 8.281 8.281
99-29+ 8.277 8.278 8.278 8.277 8.277
99-30 8.274 8.274 8.274 8.273 8.273
99-30+ 8.270 8.271 8.271 8.269 8.269
99-31 8.267 8.268 8.267 8.265 8.264
99-31+ 8.263 8.265 8.264 8.262 8.260
100-00 8.259 8.262 8.260 8.258 8.256
100-00+ 8.256 8.258 8.257 8.254 8.252
100-01 8.252 8.255 8.253 8.250 8.248
100-01+ 8.249 8.252 8.250 8.246 8.244
100-02 8.245 8.249 8.246 8.242 8.240
100-02+ 8.242 8.245 8.243 8.238 8.235
100-03 8.238 8.242 8.240 8.234 8.231
100-03+ 8.234 8.239 8.236 8.230 8.227
100-04 8.231 8.236 8.233 8.227 8.223
100-04+ 8.227 8.232 8.229 8.223 8.219
100-05 8.224 8.229 8.226 8.219 8.215
100-05+ 8.220 8.226 8.222 8.215 8.211
100-06 8.216 8.223 8.219 8.211 8.206
100-06+ 8.213 8.219 8.215 8.207 8.202
100-07 8.209 8.216 8.212 8.203 8.198
100-07+ 8.206 8.213 8.208 8.199 8.194
100-08 8.202 8.210 8.205 8.196 8.190
100-08+ 8.199 8.207 8.202 8.192 8.186
First Payment 3.017 3.017 3.017 3.017 3.017
Average Life 5.876 6.868 6.219 5.232 4.783
Last Payment 17.100 21.183 18.683 13.600 11.017
THIS PAGE MUST BE ACCOMPANIED BY 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 1998-3
- Cut Off Date of Tape is 07/31/98
- FIX - PNC/Wilshire combined
- $160,716,722.14
- Mortgage Summary Report
- --------------------------------------------------------------------------------
Number of Mortgage Loans: 1,390
Lien Status: 1st and 2nd Lien Loans
Aggregate Unpaid Principal Balance: $160,716,722.14
Aggregate Original Principal Balance: $172,170,647.00
Weighted Average Net Coupon: 9.042%
Net Coupon Range: 7.125% - 19.500%
Weighted Average Gross Coupon: 9.373%
Gross Coupon Range: 7.125% - 19.500%
- --------------------------------------------------------------------------------
Average Unpaid Principal Balance: $115,623.54
Average Original Principal Balance: $123,863.77
Maximum Unpaid Principal Balance: $1,036,883.63
Minimum Unpaid Principal Balance: $4,971.75
Maximum Original Principal Balance: $1,040,000.00
Minimum Original Principal Balance: $5,000.00
Weighted Avg. Stated Rem. Term (LPD to Mat Date): 298.734
Stated Rem Term Range: 42.000 - 360.000
Weighted Average Age (First Pay thru Last Pay): 46.797
Age Range: 0.000 - 146.000
Weighted Average Original Term: 345.531
Original Term Range: 120.000 - 360.000
Weighted Average Combined LTV: 78.557
Combined LTV Range: 8.016% - 307.391%
Weighted Average Borrower FICO: 683.131
Borrower FICO Range: 491.000 - 821.000
- --------------------------------------------------------------------------------
10 largest loans by current principal balance:
Total current balance $6,054,354.95
% of pool unpaid principal balance 3.767%
Total number of balloon loans 2
Balloon loans as % of pool principal balance 0.066%
- --------------------------------------------------------------------------------
(1) Original appraisal used to compute CLTV when current appraisal not available
(2) Excludes loans with no FICO score available
THIS PAGE MUST BE ACCOMPANIED BY 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>
GEOGRAPHICAL DISTRIBUTION OF MORTGAGED PROPERTIES
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
State Loans Balance Balance
Alabama 2 58,322.58 0.04
Arizona 64 4,204,681.01 2.62
California 319 56,947,861.18 35.43
Colorado 43 2,410,574.65 1.50
Connecticut 58 6,349,469.41 3.95
Delaware 10 837,314.83 0.52
Dist of Col 5 499,995.33 0.31
Florida 100 6,810,797.57 4.24
Georgia 14 1,733,701.17 1.08
Hawaii 1 245,295.61 0.15
Idaho 6 261,779.50 0.16
Illinois 19 2,038,988.11 1.27
Indiana 4 261,679.23 0.16
Iowa 5 195,376.36 0.12
Kansas 2 28,992.13 0.02
Kentucky 14 394,031.49 0.25
Louisiana 2 150,500.00 0.09
Maine 5 210,228.33 0.13
Maryland 48 6,432,460.34 4.00
Massachusetts 14 1,907,415.48 1.19
Michigan 2 34,900.64 0.02
Minnesota 10 1,088,493.50 0.68
Missouri 6 390,420.84 0.24
Nevada 24 1,996,153.97 1.24
New Hampshire 4 183,242.10 0.11
New Jersey 128 16,624,749.48 10.34
New York 138 18,993,088.51 11.82
North Carolina 25 1,043,837.02 0.65
Ohio 6 560,408.54 0.35
Oklahoma 12 889,650.96 0.55
Oregon 100 7,728,888.64 4.81
Pennsylvania 44 3,659,085.16 2.28
Rhode Island 7 699,307.80 0.44
South Carolina 7 406,868.43 0.25
Tennessee 10 1,040,064.86 0.65
Texas 26 2,320,623.27 1.44
Utah 8 550,856.99 0.34
Vermont 3 294,166.51 0.18
Virginia 58 7,339,709.84 4.57
Washington 36 2,844,815.65 1.77
Wisconsin 1 47,925.12 0.03
- --------------------------------------------------------------------------
Total............... 1390 $ 160,716,722.14 100.00%
==========================================================================
THIS PAGE MUST BE ACCOMPANIED BY 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>
ORIGINAL TERM
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Original Term Loans Balance Balance
108 < Orig. Term <= 120 1 58,155.49 0.04%
168 < Orig. Term <= 180 350 12,746,710.15 7.93%
228 < Orig. Term <= 240 2 93,298.99 0.06%
288 < Orig. Term <= 300 2 97,417.14 0.06%
348 < Orig. Term <= 360 1,035 147,721,140.38 91.91%
- ---------------------------------------------------------------------------
Total.............. 1,390 160,716,722.14 100.00%
===========================================================================
REMAINING MONTHS TO STATED MATURITY
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Remaining Term Loans Balance Balance
36 < Rem Term <= 48 5 535,725.75 0.33%
96 < Rem Term <= 108 24 3,820,318.08 2.38%
108 < Rem Term <= 120 2 364,795.57 0.23%
156 < Rem Term <= 168 7 129,457.07 0.08%
168 < Rem Term <= 180 313 7,954,569.17 4.95%
204 < Rem Term <= 216 1 224,688.12 0.14%
216 < Rem Term <= 228 2 573,959.23 0.36%
228 < Rem Term <= 240 12 964,470.08 0.60%
240 < Rem Term <= 252 5 875,682.21 0.54%
252 < Rem Term <= 264 2 593,987.75 0.37%
264 < Rem Term <= 276 3 304,304.78 0.19%
276 < Rem Term <= 288 374 74,538,248.04 46.38%
288 < Rem Term <= 300 45 10,659,377.57 6.63%
336 < Rem Term <= 348 12 1,190,121.77 0.74%
348 < Rem Term <= 360 583 57,987,016.96 36.08%
- -------------------------------------------------------------------
Total............ 1,390 160,716,722.14 100.00%
===================================================================
AGE OF LOAN
PercentAge of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
MortgAge Principal Principal
Age Loans Balance Balance
Age = 0 42 3,393,726.84 2.11%
0 < Age <= 12 869 63,640,682.51 39.60%
12 < Age <= 24 9 475,627.23 0.30%
60 < Age <= 72 87 22,019,513.39 13.70%
72 < Age <= 84 358 67,511,958.02 42.01%
96 < Age <= 108 2 593,987.75 0.37%
108 < Age <= 120 6 959,028.20 0.60%
120 < Age <= 132 10 833,896.75 0.52%
132 < Age <= 144 6 1,063,613.33 0.66%
144 < Age <= 156 1 224,688.12 0.14%
- -------------------------------------------------------------------
Total............ 1,390 160,716,722.14 100.00%
===================================================================
THIS PAGE MUST BE ACCOMPANIED BY 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>
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
0 < Balance <= 5,000 1 4,971.75 0.00
5,000 < Balance <= 10,000 27 228,585.16 0.14
10,000 < Balance <= 15,000 60 742,610.65 0.46
15,000 < Balance <= 20,000 75 1,311,105.30 0.82
20,000 < Balance <= 25,000 58 1,296,390.42 0.81
25,000 < Balance <= 30,000 54 1,491,095.79 0.93
30,000 < Balance <= 35,000 47 1,533,036.10 0.95
35,000 < Balance <= 40,000 49 1,822,970.83 1.13
40,000 < Balance <= 45,000 46 1,947,753.87 1.21
45,000 < Balance <= 50,000 52 2,436,318.31 1.52
50,000 < Balance <= 55,000 38 1,965,998.59 1.22
55,000 < Balance <= 60,000 30 1,685,459.03 1.05
60,000 < Balance <= 65,000 34 2,118,370.81 1.32
65,000 < Balance <= 70,000 32 2,132,307.77 1.33
70,000 < Balance <= 75,000 31 2,221,776.43 1.38
75,000 < Balance <= 80,000 30 2,311,091.38 1.44
80,000 < Balance <= 85,000 29 2,262,822.88 1.41
85,000 < Balance <= 90,000 19 1,638,821.18 1.02
90,000 < Balance <= 95,000 35 3,177,140.61 1.98
95,000 < Balance <= 100,000 26 2,471,032.47 1.54
100,000 < Balance <= 105,000 22 2,194,739.43 1.37
105,000 < Balance <= 110,000 25 2,596,310.95 1.62
110,000 < Balance <= 115,000 24 2,622,862.59 1.63
115,000 < Balance <= 120,000 22 2,569,542.12 1.60
120,000 < Balance <= 125,000 25 2,987,599.62 1.86
125,000 < Balance <= 130,000 18 2,247,149.42 1.40
130,000 < Balance <= 135,000 17 2,227,506.57 1.39
135,000 < Balance <= 140,000 18 2,358,146.01 1.47
140,000 < Balance <= 145,000 8 1,122,579.89 0.70
145,000 < Balance <= 150,000 15 2,176,360.17 1.35
150,000 < Balance <= 200,000 85 14,056,139.36 8.75
200,000 < Balance <= 250,000 147 30,706,265.09 19.11
250,000 < Balance <= 300,000 83 20,281,995.75 12.62
300,000 < Balance <= 350,000 56 17,150,755.07 10.67
350,000 < Balance <= 400,000 22 6,700,046.58 4.17
400,000 < Balance <= 450,000 13 4,831,138.69 3.01
450,000 < Balance <= 500,000 6 2,523,570.55 1.57
500,000 < Balance <= 550,000 3 1,570,370.45 0.98
550,000 < Balance <= 600,000 7 3,957,100.87 2.46
750,000 < Balance 1 1,036,883.63 0.65
- --------------------------------------------------------------------------
Total.................... 1390 $ 160,716,722.14 100.00%
==========================================================================
THIS PAGE MUST BE ACCOMPANIED BY 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>
CURRENT MORTGAGE LOAN AMOUNTS
Percentage of
Aggregate Cut-Off Date
Current Number of Unpaid Aggregate
Mortgage Loan Mortgage Principal Principal
Principal Balance Loans Balance Balance
0 < Balance <= 5,000 1 4,971.75 0.00
5,000 < Balance <= 10,000 28 238,479.77 0.15
10,000 < Balance <= 15,000 59 732,716.04 0.46
15,000 < Balance <= 20,000 78 1,370,914.67 0.85
20,000 < Balance <= 25,000 57 1,286,032.24 0.80
25,000 < Balance <= 30,000 53 1,471,333.59 0.92
30,000 < Balance <= 35,000 51 1,672,164.22 1.04
35,000 < Balance <= 40,000 49 1,836,162.75 1.14
40,000 < Balance <= 45,000 55 2,341,691.56 1.46
45,000 < Balance <= 50,000 47 2,233,594.27 1.39
50,000 < Balance <= 55,000 38 1,987,465.60 1.24
55,000 < Balance <= 60,000 32 1,841,573.02 1.15
60,000 < Balance <= 65,000 36 2,253,528.11 1.40
65,000 < Balance <= 70,000 35 2,379,740.77 1.48
70,000 < Balance <= 75,000 32 2,328,913.79 1.45
75,000 < Balance <= 80,000 29 2,260,524.24 1.41
80,000 < Balance <= 85,000 31 2,556,893.06 1.59
85,000 < Balance <= 90,000 25 2,198,528.23 1.37
90,000 < Balance <= 95,000 35 3,257,638.95 2.03
95,000 < Balance <= 100,000 26 2,536,882.73 1.58
100,000 < Balance <= 105,000 20 2,054,575.36 1.28
105,000 < Balance <= 110,000 24 2,566,914.37 1.60
110,000 < Balance <= 115,000 22 2,482,994.42 1.54
115,000 < Balance <= 120,000 27 3,183,814.75 1.98
120,000 < Balance <= 125,000 20 2,442,828.95 1.52
125,000 < Balance <= 130,000 17 2,175,320.71 1.35
130,000 < Balance <= 135,000 16 2,116,592.96 1.32
135,000 < Balance <= 140,000 16 2,206,322.44 1.37
140,000 < Balance <= 145,000 10 1,425,102.84 0.89
145,000 < Balance <= 150,000 13 1,913,663.07 1.19
150,000 < Balance <= 200,000 118 20,710,739.40 12.89
200,000 < Balance <= 250,000 143 31,904,473.21 19.85
250,000 < Balance <= 300,000 69 18,893,642.94 11.76
300,000 < Balance <= 350,000 43 13,773,393.49 8.57
350,000 < Balance <= 400,000 16 6,000,788.32 3.73
400,000 < Balance <= 450,000 5 2,111,187.55 1.31
450,000 < Balance <= 500,000 3 1,400,263.05 0.87
500,000 < Balance <= 550,000 4 2,098,258.03 1.31
550,000 < Balance <= 600,000 6 3,429,213.29 2.13
750,000 < Balance 1 1,036,883.63 0.65
- --------------------------------------------------------------------------
Total.................... 1390 $ 160,716,722.14 100.00%
==========================================================================
THIS PAGE MUST BE ACCOMPANIED BY 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>
GROSS MORTGAGE INTEREST RATE RANGE
Percentage of
Aggregate Cut-Off Date
Gross Mortgage Number of Unpaid Aggregate
Interest Rate Mortgage Principal Principal
Range Loans Balance Balance
7.00% < Gross Coupon <= 7.50% 36 5,812,304.10 3.62
7.50% < Gross Coupon <= 7.75% 3 461,771.31 0.29
7.75% < Gross Coupon <= 8.00% 45 3,971,016.25 2.47
8.00% < Gross Coupon <= 8.25% 21 4,404,437.45 2.74
8.25% < Gross Coupon <= 8.50% 124 19,732,064.98 12.28
8.50% < Gross Coupon <= 8.75% 98 21,267,229.50 13.23
8.75% < Gross Coupon <= 9.00% 159 29,886,372.91 18.60
9.00% < Gross Coupon <= 9.25% 97 15,549,740.63 9.68
9.25% < Gross Coupon <= 9.50% 118 16,491,167.31 10.26
9.50% < Gross Coupon <= 9.75% 72 9,021,079.47 5.61
9.75% < Gross Coupon <= 10.00% 120 11,211,382.95 6.98
10.00% < Gross Coupon <= 10.25% 45 4,387,608.44 2.73
10.25% < Gross Coupon <= 10.50% 38 3,005,483.23 1.87
10.50% < Gross Coupon <= 10.75% 31 2,724,824.35 1.70
10.75% < Gross Coupon <= 11.00% 19 1,418,134.37 0.88
11.00% < Gross Coupon <= 11.25% 9 624,469.64 0.39
11.25% < Gross Coupon <= 11.50% 15 1,073,043.49 0.67
11.50% < Gross Coupon <= 11.75% 16 1,573,360.85 0.98
11.75% < Gross Coupon <= 12.00% 32 981,787.85 0.61
12.00% < Gross Coupon <= 12.25% 3 198,712.73 0.12
12.25% < Gross Coupon <= 12.50% 1 39,946.22 0.02
12.50% < Gross Coupon <= 12.75% 5 237,885.11 0.15
12.75% < Gross Coupon <= 13.00% 3 34,960.98 0.02
13.25% < Gross Coupon <= 13.50% 26 635,189.30 0.40
13.50% < Gross Coupon <= 13.75% 169 4,234,391.33 2.63
13.75% < Gross Coupon <= 14.00% 1 11,768.67 0.01
14.25% < Gross Coupon <= 14.50% 6 110,292.77 0.07
14.75% < Gross Coupon <= 15.00% 18 361,007.85 0.22
15.75% < Gross Coupon <= 16.00% 1 7,411.64 0.00
16.00% < Gross Coupon <= 16.25% 1 15,448.71 0.01
16.75% < Gross Coupon <= 17.00% 1 6,741.74 0.00
17.50% < Gross Coupon <= 18.00% 56 1,212,623.78 0.75
19.00% < Gross Coupon <= 19.50% 1 13,062.23 0.01
- -----------------------------------------------------------------------------
Total.......... 1390 $ 160,716,722.14 100.00%
=============================================================================
THIS PAGE MUST BE ACCOMPANIED BY 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>
ORIGINAL COMBINED LOAN-TO-VALUE RATIOS
Percentage of
Aggregate Cut-Off Date
Combined Number of Unpaid Aggregate
Loan-To-Value Mortgage Principal Principal
Ratio Loans Balance Balance
5.000 <Comb LTV<= 10.000 2 80,434.27 0.05
10.000 <Comb LTV<= 15.000 3 205,996.55 0.13
15.000 <Comb LTV<= 20.000 9 1,032,412.55 0.64
20.000 <Comb LTV<= 25.000 1 163,233.32 0.10
25.000 <Comb LTV<= 30.000 11 1,835,911.54 1.14
30.000 <Comb LTV<= 35.000 10 1,239,528.96 0.77
35.000 <Comb LTV<= 40.000 11 1,447,255.26 0.90
40.000 <Comb LTV<= 45.000 13 2,530,781.68 1.57
45.000 <Comb LTV<= 50.000 23 4,402,670.77 2.74
50.000 <Comb LTV<= 55.000 22 3,802,388.79 2.37
55.000 <Comb LTV<= 60.000 30 5,907,889.38 3.68
60.000 <Comb LTV<= 65.000 49 8,641,951.65 5.38
65.000 <Comb LTV<= 70.000 66 11,237,951.02 6.99
70.000 <Comb LTV<= 75.000 88 15,630,655.14 9.73
75.000 <Comb LTV<= 80.000 369 39,860,505.57 24.80
80.000 <Comb LTV<= 85.000 51 8,121,258.90 5.05
85.000 <Comb LTV<= 90.000 96 13,645,710.82 8.49
90.000 <Comb LTV<= 95.000 107 8,210,731.89 5.11
95.000 <Comb LTV<= 100.000 379 24,427,660.44 15.20
100.000 <Comb LTV<= 105.000 17 3,038,676.96 1.89
105.000 <Comb LTV<= 110.000 8 1,511,982.09 0.94
110.000 <Comb LTV<= 115.000 9 1,448,706.62 0.90
115.000 <Comb LTV<= 120.000 8 1,426,519.57 0.89
125.000 <Comb LTV<= 130.000 3 388,986.99 0.24
140.000 <Comb LTV<= 145.000 2 106,781.44 0.07
Comb LTV > 155 3 370,139.98 0.23
- --------------------------------------------------------------------------
Total.................... 1390 $160,716,722.14 100.00%
==========================================================================
THIS PAGE MUST BE ACCOMPANIED BY 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>
PROPERTY TYPE
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Loans Balance Balance
1st Lien Loans
1-4 Family 420 46,296,892.46 28.81
Mbl Hm w/o lnd dbl 1 51,876.71 0.03
Mobile Home Dbl Wd 61 3,764,311.65 2.34
Mobile Home Sngl Wd 22 1,013,920.56 0.63
PUD 46 5,690,406.95 3.54
Residential Condo 75 6,587,080.50 4.10
Single Family Detached 442 89,052,855.86 55.41
Townhouse 3 129,151.35 0.08
2-Family 1 283,207.53 0.18
2nd Lien Loans
1-4 Family 218 5,891,558.97 3.67
Mobile Home Dbl Wd 30 473,453.14 0.29
Mobile Home Sngl Wd 17 183,204.55 0.11
PUD 39 1,053,823.64 0.66
Residential Condo 11 164,106.56 0.10
Townhouse 4 80,871.71 0.05
- --------------------------------------------------------------------------
Total................ 1390 $160,716,722.14 100.00%
==========================================================================
OWNER OCCUPANCY
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Loans Balance Balance
Non-owner occ./inv. own 36 1,542,269.44 0.96
Owner occ./prim. res 1348 158,619,094.97 98.69
Vacation Home/2d res 6 555,357.73 0.35
- --------------------------------------------------------------------------
Total................ 1390 $160,716,722.14 100.00%
==========================================================================
BORROWER FICO RANGE
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Original Term Loans Balance Balance
No FICO available 88 16,883,412.38 10.51%
475 < FICO <= 500 2 288,540.21 0.18%
500 < FICO <= 525 16 1,101,899.33 0.69%
525 < FICO <= 550 57 4,043,953.82 2.52%
550 < FICO <= 575 107 6,628,559.10 4.12%
575 < FICO <= 600 117 7,988,499.98 4.97%
600 < FICO <= 625 188 14,961,489.55 9.31%
625 < FICO <= 650 133 12,897,160.68 8.02%
650 < FICO <= 675 164 18,428,577.26 11.47%
675 < FICO <= 700 115 13,752,458.53 8.56%
700 < FICO <= 725 100 14,132,425.71 8.79%
725 < FICO <= 750 126 17,564,624.83 10.93%
750 < FICO <= 800 164 30,003,653.94 18.67%
800 < FICO <= 850 13 2,041,466.82 1.27%
- ---------------------------------------------------------------------------
Total.............. 1,390 160,716,722.14 100.00%
===========================================================================
THIS PAGE MUST BE ACCOMPANIED BY 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 1998-3
- Cut Off Date of Tape is 07/31/98
- ARM - Wilshire
- $17,013,235.96
- --------------------------------------------------------------------------------
Number of Mortgage Loans: 126
Lien Status: 1st Lien Loans
Index:
Aggregate Unpaid Principal Balance: $17,013,235.96
Aggregate Original Principal Balance: $17,098,810.00
- --------------------------------------------------------------------------------
Weighted Average Coupon (Gross): 8.074%
Gross Coupon Range: 6.500% - 11.250%
Weighted Average Margin (Gross): 4.357%
Gross Margin Range: 1.500% - 7.000%
Weighted Average Life Cap (Gross): 13.673%
Gross Life Cap Range: 12.250% - 15.750%
Weighted Average Life Floor (Gross): 7.656% (1)
Gross Life Floor Range: 5.000% - 9.750%
- --------------------------------------------------------------------------------
Average Unpaid Principal Balance: $135,025.68
Average Original Principal Balance: $135,704.84
Maximum Unpaid Principal Balance: $538,665.61
Minimum Unpaid Principal Balance: $27,567.16
Maximum Original Principal Balance: $545,000.00
Minimum Original Principal Balance: $27,650.00
Weighted Avg. Stated Rem. Term (PTD to Mat Date): 353.898
Stated Rem Term Range: 348.000 - 360.000
Weighted Average Age (First Pay thru Paid Thru): 6.102
Age Range: 0.000 - 12.000
Weighted Average Original Term: 360.000
Original Term Range: 360.000 - 360.000
Weighted Average Combined LTV: 81.920 (2)
Combined LTV Range: 51.156% - 94.649%
Weighted Average Periodic Interest Cap: 2.177%
Periodic Interest Cap Range: 1.000% - 3.000%
Weighted Average Months to Interest Roll: 24.706
Months to Interest Roll Range: 1 - 53
Weighted Average Interest Roll Frequency: 6.202
Interest Frequency Range: 6 - 12
Weighted Average Debt to Income Ratio: 34.906 (3)
Debt to Income Ratio Range: 1.000% - 52.000%
Weighted Average Borrower FICO: 662.636 (4)
Borrower FICO Range: 504.000 - 792.000
- --------------------------------------------------------------------------------
10 largest loans by current principal balance:
Total current balance $3,385,005.83
% of pool unpaid principal balance 19.896%
- --------------------------------------------------------------------------------
(1) Loans without floors were assumed to have floors equal to related gross
margin
(2) Original appraisal used to calculate CLTV when current appraisal not
available
(3) Excludes loans with no DTI ratio available
(4) Excludes loans with no FICO score available
THIS PAGE MUST BE ACCOMPANIED BY 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>
GEOGRAPHICAL DISTRIBUTION OF MORTGAGED PROPERTIES
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
State Loans Balance Balance
Arizona 7 779,154.16 4.58
California 24 4,359,060.45 25.62
Colorado 16 2,492,191.00 14.65
Florida 17 1,859,014.30 10.93
Illinois 4 371,934.80 2.19
Indiana 1 54,583.67 0.32
Kansas 1 101,036.77 0.59
Kentucky 4 331,534.79 1.95
Maryland 1 110,817.49 0.65
Michigan 1 42,368.53 0.25
Missouri 2 189,956.81 1.12
Nevada 15 2,144,929.90 12.61
New Jersey 1 133,473.00 0.78
New York 3 445,695.20 2.62
North Carolina 1 31,795.58 0.19
Oregon 8 1,154,950.76 6.79
Pennsylvania 6 567,492.97 3.34
Texas 4 379,512.11 2.23
Utah 1 198,851.54 1.17
Virginia 4 593,832.53 3.49
Washington 5 671,049.60 3.94
- --------------------------------------------------------------------------
Total............... 126 $ 17,013,235.96 100.00%
==========================================================================
THIS PAGE MUST BE ACCOMPANIED BY 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>
ORIGINAL TERM
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Original Term Loans Balance Balance
348 < Orig. Term <= 360 126 17,013,235.96 100.00%
- --------------------------------------------------------------------------
Total............ 126 17,013,235.96 100.00%
==========================================================================
REMAINING MONTHS TO STATED MATURITY
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Remaining Term Loans Balance Balance
336 < Rem Term <= 348 1 63,433.91 0.37%
348 < Rem Term <= 360 125 16,949,802.05 99.63%
- -------------------------------------------------------------------
Total............ 126 17,013,235.96 100.00%
===================================================================
AGE OF LOAN
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Age Loans Balance Balance
Age = 0 3 520,720.00 3.06%
0 < Age <= 12 123 16,492,515.96 96.94%
- -------------------------------------------------------------------
Total............ 126 17,013,235.96 100.00%
===================================================================
THIS PAGE MUST BE ACCOMPANIED BY 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>
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
25,000 < Balance <= 30,000 1 27,567.16 0.16
30,000 < Balance <= 35,000 1 31,795.58 0.19
35,000 < Balance <= 40,000 1 39,800.39 0.23
40,000 < Balance <= 45,000 3 130,054.69 0.76
45,000 < Balance <= 50,000 1 48,139.38 0.28
50,000 < Balance <= 55,000 2 105,318.13 0.62
55,000 < Balance <= 60,000 3 172,108.61 1.01
60,000 < Balance <= 65,000 7 444,128.06 2.61
65,000 < Balance <= 70,000 4 266,642.53 1.57
70,000 < Balance <= 75,000 2 142,393.80 0.84
75,000 < Balance <= 80,000 3 227,481.09 1.34
80,000 < Balance <= 85,000 3 244,372.06 1.44
85,000 < Balance <= 90,000 5 437,433.67 2.57
90,000 < Balance <= 95,000 5 461,393.26 2.71
95,000 < Balance <= 100,000 2 192,308.75 1.13
100,000 < Balance <= 105,000 4 407,237.26 2.39
105,000 < Balance <= 110,000 5 538,654.46 3.17
110,000 < Balance <= 115,000 5 551,904.59 3.24
115,000 < Balance <= 120,000 6 711,458.32 4.18
120,000 < Balance <= 125,000 3 367,391.18 2.16
125,000 < Balance <= 130,000 1 127,683.39 0.75
130,000 < Balance <= 135,000 8 1,052,176.23 6.18
135,000 < Balance <= 140,000 1 134,243.06 0.79
140,000 < Balance <= 145,000 5 704,657.74 4.14
145,000 < Balance <= 150,000 2 290,796.65 1.71
150,000 < Balance <= 200,000 29 4,907,753.67 28.85
200,000 < Balance <= 250,000 8 1,821,561.34 10.71
300,000 < Balance <= 350,000 2 610,680.46 3.59
350,000 < Balance <= 400,000 1 372,914.75 2.19
400,000 < Balance <= 450,000 1 407,648.72 2.40
450,000 < Balance <= 500,000 1 496,871.37 2.92
500,000 < Balance <= 550,000 1 538,665.61 3.17
- --------------------------------------------------------------------------
Total.................... 126 $ 17,013,235.96 100.00%
==========================================================================
THIS PAGE MUST BE ACCOMPANIED BY 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>
CURRENT MORTGAGE LOAN AMOUNTS
Percentage of
Aggregate Cut-Off Date
Current Number of Unpaid Aggregate
Mortgage Loan Mortgage Principal Principal
Principal Balance Loans Balance Balance
25,000 < Balance <= 30,000 1 27,567.16 0.16
30,000 < Balance <= 35,000 1 31,795.58 0.19
35,000 < Balance <= 40,000 1 39,800.39 0.23
40,000 < Balance <= 45,000 3 130,054.69 0.76
45,000 < Balance <= 50,000 1 48,139.38 0.28
50,000 < Balance <= 55,000 2 105,318.13 0.62
55,000 < Balance <= 60,000 3 172,108.61 1.01
60,000 < Balance <= 65,000 7 444,128.06 2.61
65,000 < Balance <= 70,000 4 266,642.53 1.57
70,000 < Balance <= 75,000 2 142,393.80 0.84
75,000 < Balance <= 80,000 3 227,481.09 1.34
80,000 < Balance <= 85,000 3 244,372.06 1.44
85,000 < Balance <= 90,000 5 437,433.67 2.57
90,000 < Balance <= 95,000 5 461,393.26 2.71
95,000 < Balance <= 100,000 2 192,308.75 1.13
100,000 < Balance <= 105,000 4 407,237.26 2.39
105,000 < Balance <= 110,000 7 757,982.30 4.46
110,000 < Balance <= 115,000 3 332,576.75 1.95
115,000 < Balance <= 120,000 6 711,458.32 4.18
120,000 < Balance <= 125,000 3 367,391.18 2.16
125,000 < Balance <= 130,000 2 257,630.56 1.51
130,000 < Balance <= 135,000 8 1,056,472.12 6.21
135,000 < Balance <= 140,000 1 138,765.68 0.82
140,000 < Balance <= 145,000 4 565,892.06 3.33
145,000 < Balance <= 150,000 3 440,764.28 2.59
150,000 < Balance <= 200,000 28 4,757,786.04 27.97
200,000 < Balance <= 250,000 8 1,821,561.34 10.71
300,000 < Balance <= 350,000 2 610,680.46 3.59
350,000 < Balance <= 400,000 1 372,914.75 2.19
400,000 < Balance <= 450,000 1 407,648.72 2.40
450,000 < Balance <= 500,000 1 496,871.37 2.92
500,000 < Balance <= 550,000 1 538,665.61 3.17
- --------------------------------------------------------------------------
Total.................... 126 $ 17,013,235.96 100.00%
==========================================================================
THIS PAGE MUST BE ACCOMPANIED BY 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>
GROSS MORTGAGE INTEREST RATE RANGE
Percentage of
Aggregate Cut-Off Date
Gross Mortgage Number of Unpaid Aggregate
Interest Rate Mortgage Principal Principal
Range Loans Balance Balance
6.00% < Gross Coupon <= 6.50% 4 550,238.08 3.23
6.50% < Gross Coupon <= 7.00% 18 2,745,954.29 16.14
7.00% < Gross Coupon <= 7.50% 13 1,426,062.21 8.38
7.50% < Gross Coupon <= 7.75% 4 972,951.91 5.72
7.75% < Gross Coupon <= 8.00% 15 2,065,273.83 12.14
8.00% < Gross Coupon <= 8.25% 9 1,150,817.05 6.76
8.25% < Gross Coupon <= 8.50% 37 4,926,533.18 28.96
8.50% < Gross Coupon <= 8.75% 8 1,012,971.54 5.95
8.75% < Gross Coupon <= 9.00% 10 1,405,103.44 8.26
9.00% < Gross Coupon <= 9.25% 1 70,700.24 0.42
9.25% < Gross Coupon <= 9.50% 2 220,949.12 1.30
9.50% < Gross Coupon <= 9.75% 1 83,002.71 0.49
9.75% < Gross Coupon <= 10.00% 1 63,433.91 0.37
11.00% < Gross Coupon <= 11.25% 3 319,244.45 1.88
- -------------------------------------------------------------------------------
Total.......... 126 $ 17,013,235.96 100.00%
===============================================================================
DISTRIBUTION OF
MARGINS
<TABLE>
<CAPTION>
Percentage of
Aggregate Cut-Off Date
Gross Number of Current Unguar. Current Unguar. Percentage of
Margin Loans Principal Balance Principal Balance Loan Count
<S> <C> <C> <C> <C>
1.0 < Margin <= 1.5 1 58,870.81 0.35 .79
2.5 < Margin <= 3.0 2 572,424.93 3.36 1.59
3.0 < Margin <= 3.5 51 7,599,759.92 44.67 40.48
3.5 < Margin <= 4.0 15 2,299,340.20 13.52 11.90
4.0 < Margin <= 4.5 3 353,684.88 2.08 2.38
4.5 < Margin <= 5.0 16 1,904,924.38 11.20 12.70
5.0 < Margin <= 5.5 5 950,128.08 5.58 3.97
5.5 < Margin <= 6.0 17 1,685,245.53 9.91 13.49
6.0 < Margin <= 6.5 10 1,018,962.03 5.99 7.94
6.5 < Margin <= 7.0 6 569,895.20 3.35 4.76
- ------------------------------------------------------------------------------------------------------
Total................. 126 $ 17,013,235.96 100.00% 100.00%
======================================================================================================
</TABLE>
THIS PAGE MUST BE ACCOMPANIED BY 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>
DISTRIBUTION OF LIFE CAPS
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Gross Mortgage Principal Principal
Life Cap Loans Balance Balance
12.000 < LIFE CAP <= 12.500 12 1,757,363.21 10.33
12.500 < LIFE CAP <= 13.000 36 5,041,456.85 29.63
13.000 < LIFE CAP <= 13.500 18 1,617,672.96 9.51
13.500 < LIFE CAP <= 14.000 14 2,424,964.48 14.25
14.000 < LIFE CAP <= 14.500 30 3,962,295.91 23.29
14.500 < LIFE CAP <= 15.000 11 1,736,535.15 10.21
15.000 < LIFE CAP <= 15.500 1 70,700.24 0.42
15.500 < LIFE CAP <= 16.000 4 402,247.16 2.36
- --------------------------------------------------------------------------
Total................. 126 $ 17,013,235.96 100.00%
==========================================================================
DISTRIBUTION OF LIFE FLOORS
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Gross Mortgage Principal Principal
Life Floor* Loans Balance Balance
4.500 < Life Floor <= 5.000 3 256,440.28 1.51
5.500 < Life Floor <= 6.000 1 92,691.58 0.54
6.000 < Life Floor <= 6.500 10 1,320,449.28 7.76
6.500 < Life Floor <= 7.000 34 4,980,295.58 29.27
7.000 < Life Floor <= 7.500 18 1,766,616.30 10.38
7.500 < Life Floor <= 8.000 14 2,424,964.48 14.25
8.000 < Life Floor <= 8.500 30 3,962,295.91 23.29
8.500 < Life Floor <= 9.000 11 1,736,535.15 10.21
9.000 < Life Floor <= 9.500 1 70,700.24 0.42
9.500 < Life Floor <= 10.000 4 402,247.16 2.36
- --------------------------------------------------------------------------
Total................. 126 $ 17,013,235.96 100.00%
==========================================================================
* Loans without floors were assumed to have floors equal to related gross margin
DISTRIBUTION OF CLTV's
Percentage of
Aggregate Cut-Off Date
Combined Number of Unpaid Aggregate
Loan-To-Value Mortgage Principal Principal
Ratio Loans Balance Balance
50.000 <Comb LTV<= 55.000 1 199,510.18 1.17
60.000 <Comb LTV<= 65.000 1 110,817.49 0.65
65.000 <Comb LTV<= 70.000 4 532,549.17 3.13
70.000 <Comb LTV<= 75.000 6 1,050,098.37 6.17
75.000 <Comb LTV<= 80.000 70 8,934,643.63 52.52
85.000 <Comb LTV<= 90.000 26 3,602,237.61 21.17
90.000 <Comb LTV<= 95.000 18 2,583,379.51 15.18
- --------------------------------------------------------------------------
Total.................... 126 $ 17,013,235.96 100.00%
==========================================================================
THIS PAGE MUST BE ACCOMPANIED BY 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>
PROPERTY TYPE
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Loans Balance Balance
1st Lien Loans
1-4 Family 85 11,798,638.77 69.35
Land 1 199,510.18 1.17
Mobile Home Dbl Wd 2 158,492.47 0.93
Mobile Home Sngl Wd 2 140,313.30 0.82
PUD 32 4,371,561.80 25.70
Residential Condo 4 344,719.44 2.03
- --------------------------------------------------------------------------
Total............... 126 $ 17,013,235.96 100.00%
==========================================================================
OCCUPANCY TYPE
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Loans Balance Balance
Mult-fam/land/comm/na 1 199,510.18 1.17
Non-owner occ./inv. own 1 27,567.16 0.16
Owner occ./prim. res 124 16,786,158.62 98.67
- --------------------------------------------------------------------------
Total............... 126 $ 17,013,235.96 100.00%
==========================================================================
BORROWER FICO RANGE
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Original Term Loans Balance Balance
No FICO available 1 141,120.24 0.83%
500 < FICO <= 525 1 101,965.19 0.60%
525 < FICO <= 550 11 891,570.18 5.24%
550 < FICO <= 575 16 1,764,729.56 10.37%
575 < FICO <= 600 12 1,693,005.21 9.95%
600 < FICO <= 625 11 1,315,178.12 7.73%
625 < FICO <= 650 10 1,335,985.13 7.85%
650 < FICO <= 675 11 1,645,473.37 9.67%
675 < FICO <= 700 9 1,387,271.14 8.15%
700 < FICO <= 725 19 2,599,557.84 15.28%
725 < FICO <= 750 16 2,832,470.19 16.65%
750 < FICO <= 800 9 1,304,909.79 7.67%
- ---------------------------------------------------------------------------
Total............ 126 17,013,235.96 100.00%
===========================================================================
THIS PAGE MUST BE ACCOMPANIED BY 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.
