<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) May 1, 1999
Prudential Securities Secured Financing Corporation
------------------------------------------------------
(Exact name of registrant as specified in its charter)
Delaware 333-74859 13-3526694
- ---------------------------- --------------------------- ---------------------
(State or Other Jurisdiction (Commission File (I.R.S. Employer
of Incorporation) Number) Identification No.)
10292
One New York Plaza ---------
New York, New York (Zip Code)
(Address of Principal
Executive Offices)
Registrant's telephone number, including area code (212) 214-7435
No Change
- --------------------------------------------------------------------------------
(Former name or former address, if changed since last report)
- --------------------------------------------------------------------------------
1
<PAGE>
Item 5. Other Events
------------
In connection with the offering of HomeGold Home Equity Loan Trust 1999-1,
HomeGold Home Equity Loan Asset-Backed Notes, Series 1999-1, Prudential
Securities Incorporated, as underwriter, has furnished to certain prospective
investors 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 (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
HomeGold Home Equity Loan Trust 1999-1
By: /s/ Mary Alice Kohs
---------------------------
Name: Mary Alice Kohs
Title: Vice President
Date: May 1, 1999
3
<PAGE>
EXHIBIT INDEX
Exhibit No. Description Page No.
- ----------- ----------- --------
99.1 Related Computational 6
Materials (as Defined in
Item 5 above).
4
<PAGE>
EXHIBIT 99.1
------------
5
<PAGE>
*** PRELIMINARY INFORMATION ***
HOMEGOLD HOME EQUITY LOAN TRUST 1999-1
Home Equity Loan Pass-Through Notes, Series 1999-1
Class A Notes
$[52,660,000] Class A Fixed-Rate Notes - [ ]%
The information herein has been provided solely by Prudential Securities
Incorporated ("PSI") based on information with respect to the mortgage loans
provided by HomeGold Financial Inc. and its affiliates ("HOMEGOLD"). Neither
PSI nor any of its affiliates makes any representation as to the accuracy or
completeness of the information herein. The information herein is preliminary
and will be superseded by the prospectus supplement and by any other
information subsequently filed with the Securities and Exchange Commission
("SEC"). All assumptions and information in this report reflect PSI's judgment
as of this date and are subject to change. All analyses are based on certain
assumptions noted herein and different assumptions could yield substantially
different results. You are cautioned that there is no universally accepted
method for analyzing financial instruments. You should review the assumptions;
there may be differences between these assumptions and your actual business
practices. Further, PSI does not guarantee any results and there is no
guarantee as to the liquidity of the instruments involved in this analysis.
The decision to adopt any strategy remains your responsibility. PSI (or any of
its affiliates) or their officers, directors, analysts or employees may have
positions in securities, commodities or derivative instruments thereon
referred to here, and may, as principal or agent, buy or sell such securities,
commodities or derivative instruments. In addition, PSI may make a market in
the securities referred to herein. Neither the information nor the assumptions
reflected herein shall be construed to be, or constitute, an offer to sell or
buy or a solicitation of an offer to sell or buy any securities, commodities
or derivative instruments mentioned herein. No sale of any securities,
commodities or derivative instruments should be consumated without the
purchaser first having received a prospectus and, if required, prospectus
supplement. Finally, PSI has not addressed the legal, accounting and tax
implications of the analysis with respect to you, and PSI strongly urges you
to seek advice from your counsel, accountant and tax advisor.
<PAGE>
*** PRELIMINARY INFORMATION ***
HOMEGOLD HOME EQUITY LOAN TRUST 1999-1
Home Equity Loan Pass-Through Notes, Series 1999-1
Class A Notes
- --------------------------------------------------------------------------------
CLASS A NOTES
Class A
Fixed-Rate
Pass-Through
----------
Approximate
Face Amount: $[52,660,000]
Avg Life
to Call: [2.6]yrs
Avg Life
to Mat: [2.8 ]yrs
Coupon: [TBD]%
Price: [TBD]
Yield (CBE): [TBD]%
Spread: [TBD]%
Pricing Spd: [24]% HEP
Settlement: [5/26/99]
1st Payment
(years): [0.053]yrs
Exp. Mat
to Call
(years): [7.6]yrs
Exp. Mat:
to Call: [12/15/06]
Exp. Mat
to Mat
years: [14.2]
Exp. Mat
to Mat: [8/15/13]
Final Mat: [TBD]
Day Count: 30/360
Pymt Delay: [14] days
Dated Date: [5/01/99]
Pymt Terms: Monthly
1st Pymt Date: [6/15/99]
* If the 10% Clean-up Call is not exercised, the coupon on the Class A shall
become [ ]% + 0.50%.
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 STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL TERMSHEETS, AND
WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION IN THE PROSPECTUS SUPPLEMENT.
<PAGE>
*** PRELIMINARY INFORMATION ***
HOMEGOLD HOME EQUITY LOAN TRUST 1999-1
Home Equity Loan Pass-Through Notes, Series 1999-1
Class A Notes
Title of Securities: HomeGold Home Equity Loan Trust 1999-1,
Home Equity Loan Pass-Through Notes, Series 1999-1
Originator/
Servicer: HomeGold Inc.
Parent: HomeGold Financial, Inc. ("HomeGold").
Seller: Emergent Mortgage Holdings Corporation.
Depositor: Prudential Securities Secured Financing Corp.
Servicer Fee: 50 bps per annum.
Trustee: First Union National Bank.
Aggregate
Certificate Balance: Class A: [$52,660,000]
Pricing Date: [May [ ], 1999]
Settlement Date: [May [26], 1999]
Distribution Date: The 15th day of each month (or, if such date is not a
business day, the next succeeding business day)
commencing [June 15], 1999.
Record Date: The last day of the calendar month immediately
preceding the related Distribution Date.
Interest Accrual: The calendar month preceding the related Distribution
Date, based on a 30/360 day count.
Form of Certificates: Book-entry only through the same-day funds facilities
of DTC, Euroclear and CEDEL.
Denominations: Minimum denominations of $1,000 and integral
multiples of $1,000 in excess thereof.
Prepayment
Assumption: For the Class A Certificates, [18]% HEP [1.8]% CPR
in month 1 with monthly incremental increases of
[1.8]% CPR until the speed reaches [18]% CPR in
month 10 based on loan seasoning.)
Credit Enhancement: A combination of:
- Excess monthly cash flow
- Overcollateralization
- 100% wrap from FSA guaranteeing timely interest
and ultimate principal.
Mortgage Loans: $[58,188,489]
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 STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL TERMSHEETS, AND
WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION IN THE PROSPECTUS SUPPLEMENT.
<PAGE>
*** PRELIMINARY INFORMATION ***
HOMEGOLD HOME EQUITY LOAN TRUST 1999-1
Home Equity Loan Pass-Through Notes, Series 1999-1
Class A Notes
Certificate Insurer: Financial Security Assurance Inc. ("FSA"). FSA's
claims-paying ability is rated Aaa/AAA by Moody's
Investors Service and ("Moody's) and Standard &
Poor's ("S&P"), respectively.
Certificate Ratings: The Class A Notes will be rated Aaa by Moody's and
AAA by S&P.
Compensating
Interest: The Servicer will be obligated to offset any
Prepayment Interest Shortfall on any Distribution
Date to the extent of the Servicing Fee for such
Distribution Date.
Origination
Channels: Approximately [55.4%] direct ("Retail Mortgage
Loans") Approximately [44.6%] wholesale ("Wholesale
Mortgage Loans")
Piggy Back
Mortgage Loans: While [84.0]% of the Mortgage Loans are secured by
first liens on the related Mortgaged Properties,
approximately [49.1]% of the Mortgaged Properties
with respect to these Mortgage Loans are also
encumbered by second liens originated or acquired by
the Originator (the "Piggy Back Mortage Loans"). The
weighted-average Loan-to-Value Ratio of these
Mortgage Loans is approximately [78.8]%. The
weighted-average combined Loan-to-Value Ratio of
these Mortgage Loans (when considering the additional
liens on the Piggy Back Mortgage Loans) is
approximately [100.7]%.
10% Clean-up Call: The Holder of the Equity Certificate has the option
to exercise a call at par plus accrued interest when
the outstanding Pool Balance equals 10% or less of
the original Pool Balance.
Coupon Step up: If the 10% Clean-up Call is not exercised, the coupon
on the Class A Notes shall increase by [50]bps.
ERISA Consideration: The Class A Notes 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 Notes.
SMMEA Considerations: The Class A Notes will not be SMMEA eligible.
Taxation: Owner Trust.
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: Greg Richter or Rob Karr at (212) 778-2741,
Banking: Mary Alice Kohs (212) 778-1492,
John Kim (212) 778-1833 or
Kenny Rosenberg (212) 778-2440,
FSG: John Mawe (212) 778-1166 or Martha Slater
(212) 778-8261.
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 STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL TERMSHEETS, AND
WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION IN THE PROSPECTUS SUPPLEMENT.
<PAGE>
Deal ID/CUSIP HG991 Coupon N/A
Class A CUR Accr 0.45937 1st Pmt 06/15/99
Collateral (Real) Factor on / /
N/GWAC (Orig) / CMT-3YW 5.21000
WAM (Orig) Mat N/A Settle 05/26/99
CenterPrice 100-00 Inc 0.500 Table Yield Roll@
***** TO 10% CALL *****
HEP 16.00 HEP 20.00 HEP 22.00 HEP 24.00 HEP 26.00 HEP 30.00 HEP 35.00
Price
----- --------- --------- --------- --------- --------- --------- ---------
99-22+ 6.720 6.722 6.724 6.725 6.726 6.729 6.733
99-23 6.715 6.716 6.717 6.718 6.718 6.720 6.723
99-23+ 6.710 6.710 6.710 6.711 6.711 6.711 6.712
99-24 6.704 6.704 6.704 6.703 6.703 6.703 6.702
99-24+ 6.699 6.698 6.697 6.696 6.695 6.694 6.691
99-25 6.694 6.692 6.690 6.689 6.688 6.685 6.681
99-25+ 6.689 6.685 6.684 6.682 6.680 6.676 6.670
99-26 6.684 6.679 6.677 6.675 6.672 6.667 6.660
99-26+ 6.678 6.673 6.670 6.668 6.665 6.658 6.650
99-27 6.673 6.667 6.664 6.661 6.657 6.650 6.639
99-27+ 6.668 6.661 6.657 6.653 6.649 6.641 6.629
99-28 6.663 6.655 6.651 6.646 6.642 6.632 6.618
99-28+ 6.658 6.649 6.644 6.639 6.634 6.623 6.608
99-29 6.653 6.643 6.637 6.632 6.626 6.614 6.597
99-29+ 6.647 6.637 6.631 6.625 6.619 6.605 6.587
99-30 6.642 6.630 6.624 6.618 6.611 6.597 6.577
99-30+ 6.637 6.624 6.618 6.611 6.603 6.588 6.566
99-31 6.632 6.618 6.611 6.604 6.596 6.579 6.556
99-31+ 6.627 6.612 6.604 6.596 6.588 6.570 6.545
100-00 6.622 6.606 6.598 6.589 6.581 6.562 6.535
100-00+ 6.616 6.600 6.591 6.582 6.573 6.553 6.525
100-01 6.611 6.594 6.585 6.575 6.565 6.544 6.514
100-01+ 6.606 6.588 6.578 6.568 6.558 6.535 6.504
100-02 6.601 6.582 6.571 6.561 6.550 6.526 6.493
100-02+ 6.596 6.575 6.565 6.554 6.542 6.518 6.483
100-03 6.591 6.569 6.558 6.547 6.535 6.509 6.473
100-03+ 6.585 6.563 6.552 6.540 6.527 6.500 6.462
100-04 6.580 6.557 6.545 6.533 6.520 6.491 6.452
100-04+ 6.575 6.551 6.539 6.526 6.512 6.482 6.442
100-05 6.570 6.545 6.532 6.518 6.504 6.474 6.431
100-05+ 6.565 6.539 6.525 6.511 6.497 6.465 6.421
100-06 6.560 6.533 6.519 6.504 6.489 6.456 6.410
100-06+ 6.555 6.527 6.512 6.497 6.481 6.447 6.400
100-07 6.549 6.521 6.506 6.490 6.474 6.439 6.390
100-07+ 6.544 6.515 6.499 6.483 6.466 6.430 6.379
100-08 6.539 6.509 6.493 6.476 6.459 6.421 6.369
100-08+ 6.534 6.503 6.486 6.469 6.451 6.412 6.359
100-09 6.529 6.496 6.479 6.462 6.443 6.404 6.348
100-09+ 6.524 6.490 6.473 6.455 6.436 6.395 6.338
Avg. Life 3.814 3.119 2.846 2.609 2.400 2.046 1.698
Mod. Dur. 3.014 2.549 2.359 2.189 2.036 1.769 1.496
1st Pmt. 0.053 0.053 0.053 0.053 0.053 0.053 0.053
Last Pmt. 03/15/10 05/15/08 08/15/07 12/15/06 05/15/06 05/15/05 06/15/04
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 STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL TERMSHEETS, AND
WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION IN THE PROSPECTUS SUPPLEMENT.
<PAGE>
Deal ID/CUSIP HG991 Coupon N/A
Class A CUR Accr 0.45937 1st Pmt 06/15/99
Collateral (Real) Factor 1.000000000 on 05/26/99
N/GWAC (Orig) / CMT-3YW 5.21000
WAM (Orig) Mat N/A Settle 05/26/99
CenterPrice 100-00 Inc 4.000 Table Yield Roll@
********* TO MATURITY ********
HEP 16.00 HEP 20.00 HEP 22.00 HEP 24.00 HEP 26.00 HEP 30.00 HEP 35.00
Price
----- --------- --------- --------- --------- --------- --------- ---------
97-20 7.420 7.544 7.609 7.675 7.744 7.894 8.102
97-24 7.378 7.495 7.555 7.618 7.683 7.824 8.020
97-28 7.336 7.445 7.502 7.561 7.622 7.754 7.938
98-00 7.294 7.396 7.450 7.505 7.562 7.684 7.856
98-04 7.252 7.348 7.397 7.448 7.501 7.615 7.774
98-08 7.210 7.299 7.345 7.392 7.441 7.546 7.692
98-12 7.169 7.250 7.292 7.335 7.380 7.477 7.611
98-16 7.127 7.202 7.240 7.279 7.320 7.408 7.530
98-20 7.086 7.153 7.188 7.224 7.260 7.340 7.449
98-24 7.045 7.105 7.136 7.168 7.201 7.271 7.369
98-28 7.004 7.057 7.084 7.112 7.141 7.203 7.288
99-00 6.963 7.009 7.033 7.057 7.082 7.135 7.208
99-04 6.922 6.961 6.981 7.002 7.023 7.068 7.129
99-08 6.881 6.913 6.930 6.947 6.964 7.000 7.049
99-12 6.841 6.866 6.879 6.892 6.905 6.933 6.970
99-16 6.800 6.818 6.828 6.837 6.846 6.866 6.891
99-20 6.760 6.771 6.777 6.782 6.788 6.799 6.812
99-24 6.719 6.724 6.726 6.728 6.729 6.732 6.733
99-28 6.679 6.677 6.675 6.674 6.671 6.665 6.655
100-00 6.639 6.630 6.625 6.619 6.613 6.599 6.577
100-04 6.599 6.583 6.575 6.565 6.555 6.533 6.499
100-08 6.559 6.537 6.525 6.512 6.498 6.467 6.422
100-12 6.519 6.490 6.474 6.458 6.440 6.401 6.344
100-16 6.480 6.444 6.425 6.404 6.383 6.336 6.267
100-20 6.440 6.398 6.375 6.351 6.326 6.270 6.190
100-24 6.401 6.351 6.325 6.298 6.269 6.205 6.113
100-28 6.361 6.305 6.276 6.245 6.212 6.140 6.037
101-00 6.322 6.259 6.226 6.192 6.155 6.075 5.961
101-04 6.283 6.214 6.177 6.139 6.099 6.011 5.885
101-08 6.244 6.168 6.128 6.086 6.042 5.946 5.809
101-12 6.205 6.123 6.079 6.034 5.986 5.882 5.733
101-16 6.166 6.077 6.030 5.982 5.930 5.818 5.658
101-20 6.127 6.032 5.982 5.929 5.874 5.754 5.583
101-24 6.089 5.987 5.933 5.877 5.818 5.690 5.508
101-28 6.050 5.942 5.885 5.825 5.763 5.627 5.433
102-00 6.012 5.897 5.836 5.774 5.707 5.563 5.359
102-04 5.973 5.852 5.788 5.722 5.652 5.500 5.285
102-08 5.935 5.807 5.740 5.671 5.597 5.437 5.210
102-12 5.897 5.763 5.692 5.619 5.542 5.375 5.137
Avg. Life 4.029 3.339 3.063 2.820 2.603 2.229 1.853
Mod. Dur. 3.107 2.657 2.469 2.302 2.149 1.878 1.596
1st Pmt. 0.053 0.053 0.053 0.053 0.053 0.053 0.053
Last Pmt. 19.219 16.553 15.386 14.219 14.136 13.053 11.219
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 STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL TERMSHEETS, AND
WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION IN THE PROSPECTUS SUPPLEMENT.
<PAGE>
- --------------------------------------------------------------------------------
- HOMEGOLD
- Cut Off Date of Tape is 04/30/99
- FIXED AND FLOATING
- $58,188,488.56
- --------------------------------------------------------------------------------
Number of Mortgage Loans: 1,240
Lien Status: 1st and 2nd Lien Loans
Aggregate Unpaid Principal Balance: $58,188,488.56
Aggregate Original Principal Balance: $59,562,740.80
Weighted Average Coupon (Gross): 11.127%
Gross Coupon Range: 6.100% - 18.990%
- --------------------------------------------------------------------------------
Average Unpaid Principal Balance: $46,926.20
Average Original Principal Balance: $48,034.47
Maximum Unpaid Principal Balance: $447,294.91
Minimum Unpaid Principal Balance: $1,281.35
Maximum Original Principal Balance: $459,000.00
Minimum Original Principal Balance: $2,971.43
Weighted Avg. Stated Rem. Term: 209.594
Stated Rem Term Range: 11.000 - 359.000
Weighted Average Age (Original Term - Rem Term): 14.941
Age Range: 0.000 - 96.000
Weighted Average Original Term: 224.535
Original Term Range: 35.000 - 370.000
Weighted Average Original LTV: 71.710
Original LTV Range: 4.984% - 138.182%
Weighted Average Combined LTV: 92.735 (1)
Combined LTV Range: 12.000% - 170.215%
Weighted Average Combined LTV: 83.723 (2)
Combined LTV Range: 6.012% - 170.215%
Weighted Average Debt to Income Ratio: 39.134
Debt to Income Ratio Range: 6.000% - 93.000%
Weighted Average Borrower FICO: 614.213 (3)
Borrower FICO Range: 443.000 - 793.000
- --------------------------------------------------------------------------------
Index: 3 Yr CMT (4),(5)
Weighted Average Margin (Gross): 5.918% (4)
Gross Margin Range: 0.760% - 8.600%
Weighted Average Life Cap (Gross): 17.359% (4)
Gross Life Cap Range: 10.000% - 18.000%
Weighted Average Life Floor (Gross): 11.548% (4)
Gross Life Floor Range: 1.000% - 13.990%
Weighted Average Periodic Interest Cap: 2.032% (4)
Periodic Interest Cap Range: 2.000% - 7.000%
Weighted Average Months to Interest Roll: 19.527 (4)
Months to Interest Roll Range: 1 - 36
Weighted Average Interest Roll Frequency: 35.332 (4)
Interest Frequency Range: 1 - 36
- --------------------------------------------------------------------------------
(1) For 393 of the 1st lien loans the combined LTV reflects a silent 2nd lien
loan not included in the pool
(2) For those 393 1st lien loans the combined LTV does not reflect the silent
2nd lien
(3) Excludes 220 loans missing FICO score
(4) Functions computed using the 42 adjustable rate loans only, total unpaid
principal balance of $1,885,488.05
(5) Except for 2 Wall Street Prime Rate loans
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 STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL TERMSHEETS, AND
WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION IN THE PROSPECTUS SUPPLEMENT.
<PAGE>
Loan Summary Stratified by Gross Mortgage Interest Rate
<TABLE>
<CAPTION>
Percentage of
Aggregate Cut-Off Date
Gross Mortgage Number of Unpaid Aggregate
Interest Rate Mortgage Principal Principal
Range Loans Balance Balance
<S> <C> <C> <C>
6.00% less than Gross Coupon less than or equal to 6.50% 1 65,903.63 0.11
7.75% less than Gross Coupon less than or equal to 8.00% 2 39,600.39 0.07
8.25% less than Gross Coupon less than or equal to 8.50% 5 344,715.05 0.59
8.50% less than Gross Coupon less than or equal to 8.75% 32 1,813,389.01 3.12
8.75% less than Gross Coupon less than or equal to 9.00% 66 4,219,043.58 7.25
9.00% less than Gross Coupon less than or equal to 9.25% 49 3,139,065.80 5.39
9.25% less than Gross Coupon less than or equal to 9.50% 112 6,216,142.52 10.68
9.50% less than Gross Coupon less than or equal to 9.75% 58 3,052,253.89 5.25
9.75% less than Gross Coupon less than or equal to 10.00% 92 5,481,607.03 9.42
10.00% less than Gross Coupon less than or equal to 10.25% 42 2,431,713.41 4.18
10.25% less than Gross Coupon less than or equal to 10.50% 57 3,367,449.92 5.79
10.50% less than Gross Coupon less than or equal to 10.75% 25 1,537,818.96 2.64
10.75% less than Gross Coupon less than or equal to 11.00% 58 3,145,482.69 5.41
11.00% less than Gross Coupon less than or equal to 11.25% 22 1,395,395.73 2.40
11.25% less than Gross Coupon less than or equal to 11.50% 47 2,247,089.89 3.86
11.50% less than Gross Coupon less than or equal to 11.75% 22 1,381,230.43 2.37
11.75% less than Gross Coupon less than or equal to 12.00% 62 2,987,253.78 5.13
12.00% less than Gross Coupon less than or equal to 12.25% 18 903,905.16 1.55
12.25% less than Gross Coupon less than or equal to 12.50% 42 1,862,715.83 3.20
12.50% less than Gross Coupon less than or equal to 12.75% 17 717,177.27 1.23
12.75% less than Gross Coupon less than or equal to 13.00% 38 1,423,169.17 2.45
13.00% less than Gross Coupon less than or equal to 13.25% 10 483,213.68 0.83
13.25% less than Gross Coupon less than or equal to 13.50% 22 833,258.57 1.43
13.50% less than Gross Coupon less than or equal to 13.75% 13 263,792.60 0.45
13.75% less than Gross Coupon less than or equal to 14.00% 84 1,943,653.39 3.34
14.00% less than Gross Coupon less than or equal to 14.25% 11 364,752.61 0.63
14.25% less than Gross Coupon less than or equal to 14.50% 29 630,395.10 1.08
14.50% less than Gross Coupon less than or equal to 14.75% 31 1,076,600.93 1.85
14.75% less than Gross Coupon less than or equal to 15.00% 40 941,393.20 1.62
15.00% less than Gross Coupon less than or equal to 15.25% 26 851,575.09 1.46
15.25% less than Gross Coupon less than or equal to 15.50% 30 1,024,397.25 1.76
15.50% less than Gross Coupon less than or equal to 15.75% 11 404,638.54 0.70
15.75% less than Gross Coupon less than or equal to 16.00% 32 716,336.96 1.23
16.00% less than Gross Coupon less than or equal to 16.25% 6 195,203.36 0.34
16.25% less than Gross Coupon less than or equal to 16.50% 9 265,368.27 0.46
16.50% less than Gross Coupon less than or equal to 16.75% 4 78,167.25 0.13
16.75% less than Gross Coupon less than or equal to 17.00% 8 181,586.99 0.31
17.25% less than Gross Coupon less than or equal to 17.50% 2 34,055.77 0.06
17.50% less than Gross Coupon less than or equal to 18.00% 2 21,180.22 0.04
18.00% less than Gross Coupon less than or equal to 18.50% 2 55,247.50 0.09
18.50% less than Gross Coupon less than or equal to 19.00% 1 51,548.14 0.09
- ----------------------------------------------------------------------------------------------------------
Total................. 1240 $58,188,488.56 100.00%
==========================================================================================================
</TABLE>
Loan Summary Stratified by Mortgage Rate Type
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Loans Balance Balance
Floating Rate 42 1,885,488.05 3.24
Fixed Rate 1198 56,303,000.51 96.76
- --------------------------------------------------------------------------------
Total............... 1240 $58,188,488.56 100.00%
================================================================================
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 STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL TERMSHEETS, AND
WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION IN THE PROSPECTUS SUPPLEMENT.
<PAGE>
Loan Summary Stratified by Original Term
<TABLE>
<CAPTION>
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Original Term Loans Balance Balance
<S> <C> <C> <C>
24 less than Orig. Term less than or equal to 36 1 3,910.88 0.01%
36 less than Orig. Term less than or equal to 48 2 16,470.96 0.03%
48 less than Orig. Term less than or equal to 60 7 162,015.06 0.28%
60 less than Orig. Term less than or equal to 72 8 113,305.94 0.19%
72 less than Orig. Term less than or equal to 84 11 123,590.24 0.21%
84 less than Orig. Term less than or equal to 96 9 136,939.90 0.24%
96 less than Orig. Term less than or equal to 108 6 88,740.83 0.15%
108 less than Orig. Term less than or equal to 120 67 1,463,426.64 2.51%
120 less than Orig. Term less than or equal to 132 30 963,228.83 1.66%
132 less than Orig. Term less than or equal to 144 11 315,499.45 0.54%
144 less than Orig. Term less than or equal to 156 9 273,829.39 0.47%
156 less than Orig. Term less than or equal to 168 11 240,683.19 0.41%
168 less than Orig. Term less than or equal to 180 521 24,469,567.10 42.05%
180 less than Orig. Term less than or equal to 192 184 8,524,141.52 14.65%
192 less than Orig. Term less than or equal to 204 1 23,496.27 0.04%
216 less than Orig. Term less than or equal to 228 3 191,435.48 0.33%
228 less than Orig. Term less than or equal to 240 119 5,703,558.93 9.80%
240 less than Orig. Term less than or equal to 252 33 2,026,316.57 3.48%
252 less than Orig. Term less than or equal to 264 2 49,640.27 0.09%
276 less than Orig. Term less than or equal to 288 1 103,143.85 0.18%
288 less than Orig. Term less than or equal to 300 8 462,669.47 0.80%
300 less than Orig. Term less than or equal to 312 3 236,559.19 0.41%
324 less than Orig. Term less than or equal to 336 1 43,995.60 0.08%
348 less than Orig. Term less than or equal to 360 170 11,198,844.61 19.25%
360 less than Orig. Term less than or equal to 372 22 1,253,478.39 2.15%
- -----------------------------------------------------------------------------------------------------------
Total................... 1,240 $58,188,488.56 100.00%
===========================================================================================================
</TABLE>
<PAGE>
Loan Summary Stratified by Remaining Term
<TABLE>
<CAPTION>
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Remaining Term Loans Balance Balance
<S> <C> <C> <C>
1 less than Rem Term less than or equal to 12 1 1,403.06 0.00%
12 less than Rem Term less than or equal to 24 6 24,072.48 0.04%
24 less than Rem Term less than or equal to 36 11 123,869.74 0.21%
36 less than Rem Term less than or equal to 48 8 68,779.26 0.12%
48 less than Rem Term less than or equal to 60 9 150,848.60 0.26%
60 less than Rem Term less than or equal to 72 15 223,871.05 0.38%
72 less than Rem Term less than or equal to 84 10 188,649.54 0.32%
84 less than Rem Term less than or equal to 96 19 443,752.26 0.76%
96 less than Rem Term less than or equal to 108 41 1,080,814.39 1.86%
108 less than Rem Term less than or equal to 120 42 1,099,705.43 1.89%
120 less than Rem Term less than or equal to 132 13 589,912.07 1.01%
132 less than Rem Term less than or equal to 144 29 1,163,248.35 2.00%
144 less than Rem Term less than or equal to 156 61 2,482,588.77 4.27%
156 less than Rem Term less than or equal to 168 253 11,779,940.00 20.24%
168 less than Rem Term less than or equal to 180 365 17,637,893.96 30.31%
180 less than Rem Term less than or equal to 192 8 281,084.15 0.48%
192 less than Rem Term less than or equal to 204 5 273,186.60 0.47%
204 less than Rem Term less than or equal to 216 16 888,737.07 1.53%
216 less than Rem Term less than or equal to 228 40 1,808,226.07 3.11%
228 less than Rem Term less than or equal to 240 84 4,682,358.45 8.05%
264 less than Rem Term less than or equal to 276 4 294,867.99 0.51%
276 less than Rem Term less than or equal to 288 5 256,087.45 0.44%
288 less than Rem Term less than or equal to 300 9 598,685.03 1.03%
300 less than Rem Term less than or equal to 312 16 1,186,466.10 2.04%
312 less than Rem Term less than or equal to 324 12 850,535.68 1.46%
324 less than Rem Term less than or equal to 336 13 653,562.77 1.12%
336 less than Rem Term less than or equal to 348 44 2,651,154.15 4.56%
348 less than Rem Term less than or equal to 360 101 6,704,188.09 11.52%
- --------------------------------------------------------------------------------------------------
Total................. 1,240 $58,188,488.56 100.00%
==================================================================================================
</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 STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL TERMSHEETS, AND
WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION IN THE PROSPECTUS SUPPLEMENT.
<PAGE>
Loan Summary Stratified by Age of Loan
<TABLE>
<CAPTION>
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Age Loans Balance Balance
<S> <C> <C> <C>
Age = 0 1 120,150.00 0.21%
0 less than Age less than or equal to 12 669 33,354,273.01 57.32%
12 less than Age less than or equal to 24 352 15,756,571.12 27.08%
24 less than Age less than or equal to 36 90 4,074,512.89 7.00%
36 less than Age less than or equal to 48 45 1,976,532.34 3.40%
48 less than Age less than or equal to 60 35 1,704,344.58 2.93%
60 less than Age less than or equal to 72 14 474,343.21 0.82%
72 less than Age less than or equal to 84 21 479,610.99 0.82%
84 less than Age less than or equal to 96 13 248,150.42 0.43%
- ----------------------------------------------------------------------------------------------
Total............................ 1,240 $58,188,488.56 100.00%
==============================================================================================
</TABLE>
Loan Summary Stratified By Origination Year
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Year of Mortgage Principal Principal
Origination Loans Balance Balance
1986 2 39,026.00 0.07
1987 4 86,152.64 0.15
1988 4 145,677.08 0.25
1989 2 38,945.21 0.07
1990 5 81,449.56 0.14
1991 7 69,333.93 0.12
1992 26 814,119.74 1.40
1993 16 514,869.90 0.88
1994 35 1,794,167.48 3.08
1995 29 1,397,055.41 2.40
1996 71 3,642,308.45 6.26
1997 348 15,452,026.95 26.56
1998 531 24,530,890.51 42.16
1999 160 9,582,465.70 16.47
- --------------------------------------------------------------------------------
Total................. 1240 $58,188,488.56 100.00%
================================================================================
Loan Summary Stratified by Amortization
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Amortization Loans Balance Balance
Fully Amortizing 625 26,050,401.06 44.77
Partially Amortizing 615 32,138,087.50 55.23
- --------------------------------------------------------------------------------
Total.................. 1240 $58,188,488.56 100.00%
================================================================================
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 STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL TERMSHEETS, AND
WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION IN THE PROSPECTUS SUPPLEMENT.
<PAGE>
Loan Summary Stratified by Next Due Date
Percentage
of Cut-Off
Aggregate Date
Next Number of Unpaid Aggregate
Due Mortgage Principal Principal
Date Loans Balance Balance
04/01/99 247 $11,382,358.01 19.56
05/01/99 864 $41,510,948.56 71.34
06/01/99 125 $5,121,330.41 08.80
07/01/99 3 $167,433.05 00.29
08/01/99 1 $6,418.53 00.01
- --------------------------------------------------------------------------------
Total........ 1240 $58,188,488.56 100.00%
================================================================================
Loan Summary Stratified by Original Principal Balance
<TABLE>
<CAPTION>
Percentage of
Aggregate Cut-Off Date
Original Number of Unpaid Aggregate
Mortgage Loan Mortgage Principal Principal
Principal Balance Loans Balance Balance
<S> <C> <C> <C>
Balance less than or equal to 25,000 308 4,587,102.97 7.88
25,000 less than Balance less than or equal to 50,000 452 17,179,138.24 29.52
50,000 less than Balance less than or equal to 75,000 338 20,002,330.37 34.38
75,000 less than Balance less than or equal to 100,000 75 6,431,941.95 11.05
100,000 less than Balance less than or equal to 150,000 48 5,748,656.92 9.88
150,000 less than Balance less than or equal to 175,000 6 955,180.54 1.64
175,000 less than Balance less than or equal to 200,000 4 768,048.86 1.32
200,000 less than Balance less than or equal to 250,000 4 870,992.88 1.50
250,000 less than Balance less than or equal to 300,000 3 820,596.57 1.41
350,000 less than Balance less than or equal to 400,000 1 377,204.35 0.65
450,000 less than Balance less than or equal to 500,000 1 447,294.91 0.77
=========-----------------------------------------------------------------------------------------------
Total.................... 1240 $58,188,488.56 100.00%
========================================================================================================
</TABLE>
Loan Summary Stratified by Unpaid Principal Balance as of the Cut-Off Date
<TABLE>
<CAPTION>
Percentage of
Aggregate Cut-Off Date
Current Number of Unpaid Aggregate
Mortgage Loan Mortgage Principal Principal
Principal Balance Loans Balance Balance
<S> <C> <C> <C>
Balance less than or equal to 25,000 326 4,961,332.61 8.53
25,000 less than Balance less than or equal to 50,000 447 17,393,176.36 29.89
50,000 less than Balance less than or equal to 75,000 325 19,386,967.94 33.32
75,000 less than Balance less than or equal to 100,000 78 6,719,833.35 11.55
100,000 less than Balance less than or equal to 150,000 44 5,335,632.62 9.17
150,000 less than Balance less than or equal to 175,000 7 1,107,408.11 1.90
175,000 less than Balance less than or equal to 200,000 4 768,048.86 1.32
200,000 less than Balance less than or equal to 250,000 4 870,992.88 1.50
250,000 less than Balance less than or equal to 300,000 3 820,596.57 1.41
350,000 less than Balance less than or equal to 400,000 1 377,204.35 0.65
400,000 less than Balance less than or equal to 450,000 1 447,294.91 0.77
- --------------------------------------------------------------------------------------------------
Total.................... 1240 $58,188,488.56 100.00%
==================================================================================================
</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 STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL TERMSHEETS, AND
WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION IN THE PROSPECTUS SUPPLEMENT.
<PAGE>
Loan Summary Stratified by Lien Position
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Loans Balance Balance
1 876 48,850,949.44 83.95
2 364 9,337,539.12 16.05
- --------------------------------------------------------------------------
Total............... 1240 $58,188,488.56 100.00%
==========================================================================
Original Loan to Value Ratios for the Mortgage Loans
<TABLE>
<CAPTION>
Percentage of
Aggregate Cut-Off Date
Original Number of Unpaid Aggregate
Loan-To-Value Mortgage Principal Principal
Ratio Loans Balance Balance
<S> <C> <C> <C>
0.00 less than LTV less than or equal to 5.00 1 3,422.10 0.01
5.00 less than LTV less than or equal to 10.00 11 93,579.40 0.16
10.00 less than LTV less than or equal to 15.00 36 572,805.88 0.98
15.00 less than LTV less than or equal to 20.00 107 1,678,027.86 2.88
20.00 less than LTV less than or equal to 25.00 39 784,742.45 1.35
25.00 less than LTV less than or equal to 30.00 32 706,595.06 1.21
30.00 less than LTV less than or equal to 35.00 37 1,181,595.49 2.03
35.00 less than LTV less than or equal to 40.00 33 1,165,896.67 2.00
40.00 less than LTV less than or equal to 45.00 33 1,182,565.84 2.03
45.00 less than LTV less than or equal to 50.00 46 1,730,523.51 2.97
50.00 less than LTV less than or equal to 55.00 30 1,176,179.90 2.02
55.00 less than LTV less than or equal to 60.00 30 1,243,023.96 2.14
60.00 less than LTV less than or equal to 65.00 33 1,428,840.93 2.46
65.00 less than LTV less than or equal to 70.00 62 3,082,820.50 5.30
70.00 less than LTV less than or equal to 75.00 121 6,398,009.97 11.00
75.00 less than LTV less than or equal to 80.00 402 23,877,809.94 41.04
80.00 less than LTV less than or equal to 85.00 81 5,049,123.01 8.68
85.00 less than LTV less than or equal to 90.00 63 4,444,009.77 7.64
90.00 less than LTV less than or equal to 95.00 18 853,290.63 1.47
95.00 less than LTV less than or equal to 100.00 11 774,927.99 1.33
100.00 less than LTV less than or equal to 105.00 3 82,742.70 0.14
110.00 less than LTV less than or equal to 115.00 1 43,868.38 0.08
115.00 less than LTV less than or equal to 120.00 2 101,658.52 0.17
120.00 less than LTV less than or equal to 125.00 3 193,110.05 0.33
125.00 less than LTV less than or equal to 130.00 3 277,055.69 0.48
130.00 less than LTV less than or equal to 135.00 1 9,699.47 0.02
135.00 less than LTV less than or equal to 140.00 1 52,562.89 0.09
- ------------------------------------------------------------------------------------------------
Total.................... 1240 $58,188,488.56 100.00%
================================================================================================
</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 STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL TERMSHEETS, AND
WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION IN THE PROSPECTUS SUPPLEMENT.
<PAGE>
Original Combined Loan to Value Ratios for the Mortgage Loans
<TABLE>
<CAPTION>
Percentage of
Aggregate Cut-Off Date
Combined Number of Unpaid Aggregate
Loan-To-Value Mortgage Principal Principal
Ratio Loans Balance Balance
<S> <C> <C> <C>
10.000 less than Comb LTV less than or equal to 15.000 3 102,697.60 0.18
15.000 less than Comb LTV less than or equal to 20.000 1 13,168.92 0.02
20.000 less than Comb LTV less than or equal to 25.000 2 25,290.19 0.04
25.000 less than Comb LTV less than or equal to 30.000 5 47,131.50 0.08
30.000 less than Comb LTV less than or equal to 35.000 4 76,862.71 0.13
35.000 less than Comb LTV less than or equal to 40.000 5 150,281.12 0.26
40.000 less than Comb LTV less than or equal to 45.000 5 108,240.84 0.19
45.000 less than Comb LTV less than or equal to 50.000 16 566,689.86 0.97
50.000 less than Comb LTV less than or equal to 55.000 7 244,128.15 0.42
55.000 less than Comb LTV less than or equal to 60.000 21 823,964.87 1.42
60.000 less than Comb LTV less than or equal to 65.000 25 996,359.97 1.71
65.000 less than Comb LTV less than or equal to 70.000 50 2,377,226.14 4.09
70.000 less than Comb LTV less than or equal to 75.000 67 3,217,483.72 5.53
75.000 less than Comb LTV less than or equal to 80.000 158 8,386,310.78 14.41
80.000 less than Comb LTV less than or equal to 85.000 72 3,858,103.39 6.63
85.000 less than Comb LTV less than or equal to 90.000 92 4,621,809.27 7.94
90.000 less than Comb LTV less than or equal to 95.000 77 3,440,072.11 5.91
95.000 less than Comb LTV less than or equal to 100.000 414 18,936,646.73 32.54
100.000 less than Comb LTV less than or equal to 105.000 25 1,263,517.47 2.17
105.000 less than Comb LTV less than or equal to 110.000 15 591,052.07 1.02
110.000 less than Comb LTV less than or equal to 115.000 16 531,059.33 0.91
115.000 less than Comb LTV less than or equal to 120.000 27 1,417,798.05 2.44
120.000 less than Comb LTV less than or equal to 125.000 122 5,718,798.57 9.83
125.000 less than Comb LTV less than or equal to 130.000 5 389,545.53 0.67
130.000 less than Comb LTV less than or equal to 135.000 1 9,699.47 0.02
135.000 less than Comb LTV less than or equal to 140.000 2 175,605.21 0.30
140.000 less than Comb LTV less than or equal to 145.000 2 91,652.23 0.16
170.000 less than Comb LTV less than or equal to 180.000 1 7,292.76 0.01
- --------------------------------------------------------------------------------------------------
Total..................... 1240 $58,188,488.56 100.00%
==================================================================================================
(*) For 393 of the 1st lien loans the combined LTV reflects a silent 2nd lien
loan not included in the pool
</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 STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL TERMSHEETS, AND
WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION IN THE PROSPECTUS SUPPLEMENT.
<PAGE>
Geographical Distribution of the Mortgaged Properties
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
State Loans Balance Balance
Arizona 1 38,365.22 0.07
Arkansas 4 154,061.82 0.26
Colorado 4 215,507.47 0.37
Delaware 1 78,066.49 0.13
Dist of Col 1 128,884.65 0.22
Florida 52 2,556,259.62 4.39
Georgia 43 1,503,515.04 2.58
Idaho 2 62,363.89 0.11
Illinois 19 942,692.38 1.62
Indiana 20 826,897.60 1.42
Iowa 10 352,945.77 0.61
Kansas 17 617,132.73 1.06
Kentucky 26 495,685.92 0.85
Louisiana 31 1,596,876.54 2.74
Maine 2 56,658.69 0.10
Maryland 12 693,756.45 1.19
Massachusetts 2 52,345.77 0.09
Michigan 29 1,176,338.16 2.02
Minnesota 1 31,114.82 0.05
Mississippi 28 1,112,399.12 1.91
Missouri 22 918,882.93 1.58
Montana 5 138,509.85 0.24
Nebraska 4 121,045.66 0.21
New Hampshire 1 108,729.93 0.19
New Jersey 2 230,976.57 0.40
New Mexico 7 333,679.30 0.57
North Carolina 92 4,619,777.31 7.94
Ohio 7 233,908.19 0.40
Oklahoma 6 215,040.00 0.37
Oregon 2 29,367.75 0.05
Pennsylvania 16 709,788.74 1.22
South Carolina 633 31,547,124.85 54.22
South Dakota 1 56,052.49 0.10
Tennessee 39 2,001,381.58 3.44
Texas 45 1,961,627.12 3.37
Utah 1 23,755.00 0.04
Virginia 32 1,477,397.04 2.54
Washington 2 75,104.11 0.13
West Virgina 17 636,598.66 1.09
Wyoming 1 57,873.33 0.10
- --------------------------------------------------------------------------
Total............... 1240 $58,188,488.56 100.00%
==========================================================================
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 STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL TERMSHEETS, AND
WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION IN THE PROSPECTUS SUPPLEMENT.
<PAGE>
Loan Summary Stratified by Loan Purpose
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Loans Balance Balance
Bond For Title 12 313,851.23 0.54
Purch Money Mtg (No Cash Out) 112 5,300,385.71 9.11
Purch Money Mtg (Cash Out) 41 2,096,615.38 3.60
Converted Construction to Perm 24 1,950,886.50 3.35
Refi of Terms (No Cash Out) 145 7,714,829.81 13.26
Refi of Terms (Cash Out) 328 16,257,213.12 27.94
Debt Con Mtg (No Cash Out) 94 4,734,455.98 8.14
Debt Con Mtg (Cash Out) 210 7,470,566.03 12.84
Home Improvement (No Cash Out) 91 3,911,273.47 6.72
Home Improvement (Cash Out) 61 2,162,666.34 3.72
Home Improv w/Escrow(No Cash Out) 19 880,414.06 1.51
Home Improv w/Escrow(Cash Out) 16 849,409.22 1.46
Multi-Purpose Refi (No Cash Out) 31 1,465,399.20 2.52
Multi-Purpose Refi (Cash Out) 51 2,796,600.49 4.81
Purchase w/Escrow(No Cash Out) 1 58,822.26 0.10
Lease Purch (No Cash Out) 3 173,663.77 0.30
Lease Purch (Cash Out) 1 51,435.99 0.09
- --------------------------------------------------------------------------
Total.................. 1240 $ 58,188,488.56 100.00%
==========================================================================
Loan Summary Stratified by Property Type
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Property Loans Balance Balance
Investor Rental Property 35 1,913,097.11 3.29
Mobile/Manufactured Homes 268 12,138,753.95 20.86
Mobile/Manufactured over 5 Acres 21 1,172,992.36 2.02
Primary Financing Only(*) 108 3,470,546.39 5.96
Raw Land 1 7,487.86 0.01
Residential Property 799 38,838,185.56 66.75
Residential Property over 5 Acres 8 647,425.33 1.11
- --------------------------------------------------------------------------
Total............... 1240 $58,188,488.56 100.00%
==========================================================================
(*) Equivalent to Single Family
Loan Summary Stratified by Owner Occupancy
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Loans Balance Balance
Owner Occ. 1197 55,892,060.61 96.05
Non Owner Occ. 43 2,296,427.95 3.95
- --------------------------------------------------------------------------
Total.................. 1240 $58,188,488.56 100.00%
==========================================================================
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 STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL TERMSHEETS, AND
WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION IN THE PROSPECTUS SUPPLEMENT.
<PAGE>
Loan Summary Stratified by Origination Method
Number of Total
Origination Mortgage Current Percentage of
Method Loans Balance Pool
Allied 7 281,856.62 0.48
Appletree 6 181,930.85 0.31
Capital City 5 232,733.24 0.40
Central Credit 222 9,339,184.27 16.05
Consumer 1 5,023.58 0.01
Direct 8 402,456.41 0.69
FGHE 1 41,654.55 0.07
Greenville HomeGold 192 9,443,041.95 16.23
Houston HomeGold 20 686,304.73 1.18
Indiana HomeGold 111 4,178,039.90 7.18
Mortgage Grp 5 122,883.93 0.21
Phoenix HomeGold 94 3,636,548.53 6.25
Resource 19 1,002,229.88 1.72
Sterling Lending 64 2,696,540.75 4.63
Wholesale 485 25,938,059.37 44.58
-----------------------------------------------------------------------------
Total.......... 1240 $58,188,488.56 100.00%
=============================================================================
<PAGE>
Risk Categories for Mortgage Loans
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Loans Balance Balance
A 227 7,356,163.36 12.64
A- 399 20,859,342.71 35.85
AA 211 12,501,777.48 21.48
B 181 8,322,124.13 14.30
C 193 8,127,691.05 13.97
D 29 1,021,389.83 1.76
- --------------------------------------------------------------------------
Total............... 1240 $58,188,488.56 100.00%
==========================================================================
Loan Summary Stratified by Debt to Income Ratios
<TABLE>
<CAPTION>
Percentage of
Aggregate Cut-Off Date
Original Number of Unpaid Aggregate
Debt to Income Mortgage Principal Principal
Ratio Loans Balance Balance
<S> <C> <C> <C>
5.00 less than DTI less than or equal to 10.00 5 132,231.36 0.23
10.00 less than DTI less than or equal to 15.00 24 602,657.33 1.04
15.00 less than DTI less than or equal to 20.00 59 1,997,753.76 3.43
20.00 less than DTI less than or equal to 25.00 85 3,559,538.51 6.12
25.00 less than DTI less than or equal to 30.00 122 4,923,412.52 8.46
30.00 less than DTI less than or equal to 35.00 161 7,580,489.33 13.03
35.00 less than DTI less than or equal to 40.00 196 9,354,094.10 16.08
40.00 less than DTI less than or equal to 45.00 307 14,716,365.24 25.29
45.00 less than DTI less than or equal to 50.00 227 12,664,714.90 21.76
50.00 less than DTI less than or equal to 55.00 40 2,133,520.48 3.67
55.00 less than DTI less than or equal to 60.00 3 73,261.15 0.13
60.00 less than DTI less than or equal to 65.00 4 184,878.41 0.32
65.00 less than DTI less than or equal to 70.00 4 134,593.72 0.23
70.00 less than DTI less than or equal to 75.00 1 19,256.00 0.03
85.00 less than DTI less than or equal to 90.00 1 22,836.12 0.04
90.00 less than DTI less than or equal to 95.00 1 88,885.63 0.15
- ------------------------------------------------------------------------------------------------
Total.................... 1240 $58,188,488.56 100.00%
================================================================================================
</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 STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL TERMSHEETS, AND
WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION IN THE PROSPECTUS SUPPLEMENT.
<PAGE>
Loan Summary Stratified by FICO Score
<TABLE>
<CAPTION>
Percentage of
Aggregate Cut-Off Date
Unpaid Aggregate
Number of Principal Principal
Loans Balance Balance
<S> <C> <C> <C>
FICO less than 600 421 19,107,041.76 32.84
600 less than or equal to FICO less than 620 117 5,592,495.31 9.61
620 less than or equal to FICO less than 640 144 7,653,183.97 13.15
640 less than or equal to FICO less than 660 143 7,049,098.48 12.11
660 less than or equal to FICO less than 680 85 4,305,689.80 7.40
680 less than or equal to FICO less than 700 45 1,996,325.47 3.43
700 less than or equal to FICO less than 720 31 1,609,005.22 2.77
720 less than or equal to FICO less than 740 15 614,661.22 1.06
740 less than or equal to FICO less than 760 12 554,610.87 0.95
760 less than or equal to FICO less than 780 6 241,906.49 0.42
780 less than or equal to FICO less than 800 1 43,156.12 0.07
NO FICO STATED 220 9,421,313.85 16.19
- ----------------------------------------------------------------------------------------------------
Total.................... 1240 $58,188,488.56 100.00%
====================================================================================================
</TABLE>
- --------------------------------------------------------------------------------
ADJUSTABLE RATE LOAN STRATIFICATIONS
Adjustable Rate Loan Summary Stratified by Gross Margin
<TABLE>
<CAPTION>
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Gross Mortgage Principal Principal
Margin Loans Balance Balance
<S> <C> <C> <C>
0.000 less than Gross Margin less than or equal to 1.00 1 65,903.63 3.50
3.000 less than Gross Margin less than or equal to 4.00 4 141,293.62 7.49
4.000 less than Gross Margin less than or equal to 5.00 7 226,149.08 11.99
5.000 less than Gross Margin less than or equal to 6.00 8 459,586.42 24.37
6.000 less than Gross Margin less than or equal to 7.00 11 517,525.44 27.45
7.000 less than Gross Margin less than or equal to 8.00 9 334,742.19 17.75
8.000 less than Gross Margin less than or equal to 9.00 2 140,287.67 7.44
- ------------------------------------------------------------------------------------------------
Total................. 42 $1,885,488.05 100.00%
================================================================================================
</TABLE>
Adjustable Loan Summary Stratified by Life Cap
<TABLE>
<CAPTION>
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Gross Mortgage Principal Principal
Life Cap Loans Balance Balance
<S> <C> <C> <C>
9.500 less than Life Cap less than or equal to 10.000 1 65,903.63 3.50
17.000 less than Life Cap less than or equal to 17.500 30 1,334,556.11 70.78
17.500 less than Life Cap less than or equal to 18.000 11 485,028.31 25.72
- -----------------------------------------------------------------------------------------------------
Total................. 42 $1,885,488.05 100.00%
=====================================================================================================
</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 STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL TERMSHEETS, AND
WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION IN THE PROSPECTUS SUPPLEMENT.
<PAGE>
Adjustable Rate Loan Summary Stratified by Life Floor
<TABLE>
<CAPTION>
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Gross Mortgage Principal Principal
Life Floor Loans Balance Balance
<S> <C> <C> <C>
0.000 less than Life Floor less than or equal to 1.000 1 65,903.63 3.50
10.000 less than Life Floor less than or equal to 10.500 2 60,406.22 3.20
10.500 less than Life Floor less than or equal to 11.000 8 396,213.31 21.01
11.000 less than Life Floor less than or equal to 11.500 5 152,260.29 8.08
11.500 less than Life Floor less than or equal to 12.000 15 734,136.29 38.94
12.000 less than Life Floor less than or equal to 12.500 5 186,792.77 9.91
12.500 less than Life Floor less than or equal to 13.000 2 105,746.24 5.61
13.000 less than Life Floor less than or equal to 13.500 3 149,032.96 7.90
13.500 less than Life Floor less than or equal to 14.000 1 34,996.34 1.86
- -----------------------------------------------------------------------------------------------------
Total................. 42 $1,885,488.05 100.00%
=====================================================================================================
</TABLE>
Adjustable Rate Loan Summary Stratified by Interest Adjustment Frequency
Percentage of
Aggregate Cut-Off Date
Interest Number of Unpaid Aggregate
Adjustment Mortgage Principal Principal
Frequency Loans Balance Balance
1 Month 2 35,999.25 1.91
36 Months 40 1,849,488.80 98.09
- --------------------------------------------------------------------------
Total................. 42 $1,885,488.05 100.00%
==========================================================================
Adjustable Rate Loan Summary Stratified by Next Rate Change Date
Percentage
of Cut-Off
Aggregate Date
Next Number of Unpaid Aggregate
Roll Mortgage Principal Principal
Date Loans Balance Balance
04/01/00 1 $59,440.64 03.15
05/01/00 3 $256,566.89 13.61
07/01/00 1 $75,304.49 03.99
08/01/00 3 $112,681.23 05.98
09/01/00 4 $164,662.01 08.73
10/01/00 2 $52,190.56 02.77
11/01/00 6 $280,079.25 14.85
12/01/00 4 $158,390.23 08.40
01/01/01 5 $135,367.59 07.18
02/01/01 1 $94,224.25 05.00
04/01/01 1 $65,903.63 03.50
07/01/01 1 $29,355.91 01.56
08/01/01 1 $23,976.54 01.27
10/01/01 1 $13,324.48 00.71
01/01/02 1 $23,644.17 01.25
03/01/02 1 $138,229.13 07.33
04/01/02 1 $88,885.63 04.71
05/01/99 2 $35,999.25 01.91
08/01/99 1 $51,859.07 02.75
11/01/99 1 $16,855.95 00.89
12/01/99 1 $8,547.15 00.45
- --------------------------------------------------------
Total........ 42 $1,885,488.05 100.00%
========================================================
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 STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL TERMSHEETS, AND
WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION IN THE PROSPECTUS SUPPLEMENT.
<PAGE>
*** PRELIMINARY INFORMATION ***
HOMEGOLD HOME EQUITY LOAN TRUST 1999-1
Home Equity Loan Pass-Through Notes, Series 1999-1
Class A Notes
$[18,418,000] Class A1 Fixed-Rate Notes - [ ]%
$[35,546,000] Class A2 Fixed-Rate Notes - [ ]%
The information herein has been provided solely by Prudential Securities
Incorporated ("PSI") based on information with respect to the mortgage loans
provided by HomeGold Financial Inc. and its affiliates ("HOMEGOLD"). Neither
PSI nor any of its affiliates makes any representation as to the accuracy or
completeness of the information herein. The information herein is preliminary
and will be superseded by the prospectus supplement and by any other
information subsequently filed with the Securities and Exchange Commission
("SEC"). All assumptions and information in this report reflect PSI's judgment
as of this date and are subject to change. All analyses are based on certain
assumptions noted herein and different assumptions could yield substantially
different results. You are cautioned that there is no universally accepted
method for analyzing financial instruments. You should review the assumptions;
there may be differences between these assumptions and your actual business
practices. Further, PSI does not guarantee any results and there is no
guarantee as to the liquidity of the instruments involved in this analysis.
The decision to adopt any strategy remains your responsibility. PSI (or any of
its affiliates) or their officers, directors, analysts or employees may have
positions in securities, commodities or derivative instruments thereon
referred to here, and may, as principal or agent, buy or sell such securities,
commodities or derivative instruments. In addition, PSI may make a market in
the securities referred to herein. Neither the information nor the assumptions
reflected herein shall be construed to be, or constitute, an offer to sell or
buy or a solicitation of an offer to sell or buy any securities, commodities
or derivative instruments mentioned herein. No sale of any securities,
commodities or derivative instruments should be consumated without the
purchaser first having received a prospectus and, if required, prospectus
supplement. Finally, PSI has not addressed the legal, accounting and tax
implications of the analysis with respect to you, and PSI strongly urges you
to seek advice from your counsel, accountant and tax advisor.
<PAGE>
*** PRELIMINARY INFORMATION ***
HOMEGOLD HOME EQUITY LOAN TRUST 1999-1
Home Equity Loan Pass-Through Notes, Series 1999-1
Class A Notes
- --------------------------------------------------------------------------------
CLASS A NOTES
Class A1 Class A2
Fixed-Rate Fixed-Rate
Pass-Through Pass-Through
---------- ----------
Approximate
Face Amount: $[18,418,000] $[35,546,000]
Avg Life
to Call: [2.5]yrs [2.6]yrs
Avg Life
to Mat: [2.8 ]yrs [2.9 ]yrs
Coupon: [TBD]% [TBD]%
Price: [TBD] [TBD]
Yield (CBE): [TBD]% [TBD]%
Spread: [TBD]% [TBD]%
Pricing Spd: [24]% HEP [24]% HEP
Settlement: [5/26/99] [5/26/99]
1st Payment
(years): [0.053]yrs [0.053]yrs
Exp. Mat
to Call
(years): [6.9]yrs [7.1]yrs
Exp. Mat:
to Call: [4/15/06] [7/15/06]
Exp. Mat
to Mat
years: [14.0] [15.3]
Exp. Mat
to Mat: [5/15/13] [9/15/14]
Final Mat: [TBD] [TBD]
Day Count: 30/360 30/360
Pymt Delay: [14] days [14] days
Dated Date: [5/01/99] [5/01/99]
Pymt Terms: Monthly Monthly
1st Pymt Date: [6/15/99] [6/15/99]
* If the 10% Clean-up Call is not exercised, the coupon on the Class A1 and A2
bonds shall become [ ]% + 0.50%.
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 STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL TERMSHEETS, AND
WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION IN THE PROSPECTUS SUPPLEMENT.
<PAGE>
*** PRELIMINARY INFORMATION ***
HOMEGOLD HOME EQUITY LOAN TRUST 1999-1
Home Equity Loan Pass-Through Notes, Series 1999-1
Class A Notes
Title of Securities: HomeGold Home Equity Loan Trust 1999-1,
Home Equity Loan Pass-Through Notes, Series 1999-1
Originator/
Servicer: HomeGold Inc.
Parent: HomeGold Financial, Inc. ("HomeGold").
Seller: Emergent Mortgage Holdings Corporation.
Depositor: Prudential Securities Secured Financing Corp.
Servicer Fee: 50 bps per annum.
Trustee: First Union National Bank.
Aggregate
Certificate Balance: Class A1: [$18,418,000]
Class A2: [$35,546,000]
Pricing Date: [May [18], 1999]
Settlement Date: [May [26], 1999]
Distribution Date: The 15th day of each month (or, if such date is not a
business day, the next succeeding business day)
commencing [June 15], 1999.
Record Date: The last day of the calendar month immediately
preceding the related Distribution Date.
Interest Accrual: The calendar month preceding the related Distribution
Date, based on a 30/360 day count.
Form of Certificates: Book-entry only through the same-day funds facilities
of DTC, Euroclear and CEDEL.
Denominations: Minimum denominations of $1,000 and integral
multiples of $1,000 in excess thereof.
Prepayment
Assumption: For the Class A Certificates, [24]% HEP [2.4]% CPR
in month 1 with monthly incremental increases of
[2.4]% CPR until the speed reaches [24]% CPR in
month 10 based on loan seasoning.)
Credit Enhancement: A combination of:
- Excess monthly cash flow
- Overcollateralization
- 100% wrap from FSA guaranteeing timely interest
and ultimate principal.
Mortgage Loans: $[59,629,881]
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 STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL TERMSHEETS, AND
WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION IN THE PROSPECTUS SUPPLEMENT.
<PAGE>
*** PRELIMINARY INFORMATION ***
HOMEGOLD HOME EQUITY LOAN TRUST 1999-1
Home Equity Loan Pass-Through Notes, Series 1999-1
Class A Notes
Certificate Insurer: Financial Security Assurance Inc. ("FSA"). FSA's
claims-paying ability is rated Aaa/AAA by Moody's
Investors Service and ("Moody's) and Standard &
Poor's ("S&P"), respectively.
Certificate Ratings: The Class A Notes will be rated Aaa by Moody's and
AAA by S&P.
Compensating
Interest: The Servicer will be obligated to offset any
Prepayment Interest Shortfall on any Distribution
Date to the extent of the Servicing Fee for such
Distribution Date.
Origination
Channels: Approximately [34.61%] direct ("Retail Mortgage
Loans") Approximately [65.39%] wholesale ("Wholesale
Mortgage Loans")
Piggy Back
Mortgage Loans: While [84.09]% of the Mortgage Loans are secured by
first liens on the related Mortgaged Properties,
approximately [49.57]% of the Mortgaged Properties
with respect to these Mortgage Loans are also
encumbered by second liens originated or acquired by
the Originator (the "Piggy Back Mortage Loans"). The
weighted-average Loan-to-Value Ratio of these
Mortgage Loans is approximately [78.90]%. The
weighted-average combined Loan-to-Value Ratio of
these Mortgage Loans (when considering the additional
liens on the Piggy Back Mortgage Loans) is
approximately [100.65]%.
10% Clean-up Call: The Holder of the Equity Certificate has the option
to exercise a call at par plus accrued interest when
the outstanding Bond Balance equals 10% or less of
the original Bond Balance.
Coupon Step up: If the 10% Clean-up Call is not exercised, the coupon
on the Class A Notes shall increase by [50]bps.
ERISA Consideration: The Class A Notes 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 Notes.
SMMEA Considerations: The Class A Notes will not be SMMEA eligible.
Taxation: Owner Trust.
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: Greg Richter or Rob Karr at (212) 778-2741,
Banking: Mary Alice Kohs (212) 778-1492,
John Kim (212) 778-1833 or
Kenny Rosenberg (212) 778-2440,
FSG: John Mawe (212) 778-1166,
Martha Slater (212) 778-8261 or
Matt DeAngelis (212) 778-2458.
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 STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL TERMSHEETS, AND
WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION IN THE PROSPECTUS SUPPLEMENT.
<PAGE>
Deal ID/CUSIP HG991 Coupon N/A
Class A1 CUR PVT Accr 0.45937 1st Pmt 06/15/99
Collateral (Real) Factor on / /
N/GWAC (Orig) / CMT-3YW 5.21000
WAM (Orig) Mat N/A Settle 05/26/99
CenterPrice 100-00 Inc 0.500 Table Yield Roll@
******** TO 10% CALL ********
HEP 16.00 HEP 20.00 HEP 22.00 HEP 24.00 HEP 26.00 HEP 30.00 HEP 35.00
Price
----- --------- --------- --------- --------- --------- --------- ---------
99-22+ 6.720 6.723 6.724 6.725 6.727 6.730 6.734
99-23 6.715 6.716 6.717 6.718 6.719 6.720 6.723
99-23+ 6.710 6.710 6.710 6.711 6.711 6.711 6.712
99-24 6.704 6.704 6.704 6.703 6.703 6.702 6.702
99-24+ 6.699 6.698 6.697 6.696 6.695 6.693 6.691
99-25 6.694 6.691 6.690 6.689 6.687 6.684 6.680
99-25+ 6.688 6.685 6.683 6.681 6.680 6.675 6.670
99-26 6.683 6.679 6.677 6.674 6.672 6.666 6.659
99-26+ 6.678 6.673 6.670 6.667 6.664 6.657 6.648
99-27 6.673 6.666 6.663 6.660 6.656 6.648 6.638
99-27+ 6.667 6.660 6.656 6.652 6.648 6.639 6.627
99-28 6.662 6.654 6.650 6.645 6.640 6.630 6.616
99-28+ 6.657 6.648 6.643 6.638 6.633 6.621 6.606
99-29 6.651 6.641 6.636 6.631 6.625 6.612 6.595
99-29+ 6.646 6.635 6.629 6.623 6.617 6.603 6.584
99-30 6.641 6.629 6.623 6.616 6.609 6.595 6.574
99-30+ 6.636 6.623 6.616 6.609 6.601 6.586 6.563
99-31 6.630 6.617 6.609 6.602 6.593 6.577 6.553
99-31+ 6.625 6.610 6.602 6.594 6.586 6.568 6.542
100-00 6.620 6.604 6.596 6.587 6.578 6.559 6.531
100-00+ 6.615 6.598 6.589 6.580 6.570 6.550 6.521
100-01 6.609 6.592 6.582 6.573 6.562 6.541 6.510
100-01+ 6.604 6.585 6.576 6.565 6.554 6.532 6.500
100-02 6.599 6.579 6.569 6.558 6.547 6.523 6.489
100-02+ 6.594 6.573 6.562 6.551 6.539 6.514 6.478
100-03 6.588 6.567 6.555 6.544 6.531 6.505 6.468
100-03+ 6.583 6.561 6.549 6.537 6.523 6.496 6.457
100-04 6.578 6.554 6.542 6.529 6.516 6.487 6.447
100-04+ 6.573 6.548 6.535 6.522 6.508 6.478 6.436
100-05 6.567 6.542 6.529 6.515 6.500 6.469 6.425
100-05+ 6.562 6.536 6.522 6.508 6.492 6.460 6.415
100-06 6.557 6.530 6.515 6.500 6.484 6.451 6.404
100-06+ 6.552 6.523 6.509 6.493 6.477 6.442 6.394
100-07 6.546 6.517 6.502 6.486 6.469 6.433 6.383
100-07+ 6.541 6.511 6.495 6.479 6.461 6.424 6.373
100-08 6.536 6.505 6.488 6.472 6.453 6.416 6.362
100-08+ 6.531 6.499 6.482 6.464 6.446 6.407 6.351
100-09 6.525 6.492 6.475 6.457 6.438 6.398 6.341
100-09+ 6.520 6.486 6.468 6.450 6.430 6.389 6.330
Avg. Life 3.701 3.036 2.772 2.544 2.335 1.996 1.657
Mod. Dur. 2.955 2.502 2.314 2.148 1.994 1.735 1.466
1st Pmt. 0.053 0.053 0.053 0.053 0.053 0.053 0.053
Last Pmt. 9.719 8.136 7.469 6.886 6.303 5.469 4.636
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 STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL TERMSHEETS, AND
WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION IN THE PROSPECTUS SUPPLEMENT.
<PAGE>
Deal ID/CUSIP HG991 Coupon N/A
Class A2 CUR PVT Accr 0.45938 1st Pmt 06/15/99
Collateral (Real) Factor on / /
N/GWAC (Orig) / CMT-3YW 5.21000
WAM (Orig) Mat N/A Settle 05/26/99
CenterPrice 100-00 Inc 0.500 Table Yield Roll@
******** TO 10% CALL ********
HEP 16.00 HEP 20.00 HEP 22.00 HEP 24.00 HEP 26.00 HEP 30.00 HEP 35.00
Price
----- --------- --------- --------- --------- --------- --------- ---------
99-22+ 6.719 6.722 6.723 6.725 6.726 6.729 6.733
99-23 6.714 6.716 6.717 6.718 6.718 6.720 6.723
99-23+ 6.709 6.710 6.710 6.710 6.711 6.711 6.712
99-24 6.704 6.704 6.704 6.703 6.703 6.703 6.702
99-24+ 6.699 6.698 6.697 6.696 6.696 6.694 6.691
99-25 6.694 6.692 6.691 6.689 6.688 6.685 6.681
99-25+ 6.689 6.686 6.684 6.682 6.680 6.676 6.671
99-26 6.684 6.680 6.678 6.675 6.673 6.668 6.660
99-26+ 6.679 6.674 6.671 6.668 6.665 6.659 6.650
99-27 6.674 6.668 6.665 6.661 6.658 6.650 6.639
99-27+ 6.669 6.662 6.658 6.654 6.650 6.641 6.629
99-28 6.664 6.656 6.652 6.647 6.642 6.632 6.618
99-28+ 6.659 6.650 6.645 6.640 6.635 6.624 6.608
99-29 6.654 6.644 6.639 6.633 6.627 6.615 6.598
99-29+ 6.649 6.638 6.632 6.626 6.620 6.606 6.587
99-30 6.644 6.632 6.626 6.619 6.612 6.598 6.577
99-30+ 6.639 6.626 6.619 6.612 6.604 6.589 6.567
99-31 6.634 6.620 6.613 6.605 6.597 6.580 6.556
99-31+ 6.629 6.614 6.606 6.598 6.589 6.571 6.546
100-00 6.624 6.608 6.600 6.591 6.582 6.563 6.535
100-00+ 6.619 6.602 6.593 6.584 6.574 6.554 6.525
100-01 6.614 6.596 6.587 6.577 6.567 6.545 6.515
100-01+ 6.609 6.590 6.580 6.570 6.559 6.536 6.504
100-02 6.604 6.584 6.574 6.563 6.552 6.528 6.494
100-02+ 6.599 6.578 6.567 6.556 6.544 6.519 6.484
100-03 6.594 6.572 6.561 6.549 6.536 6.510 6.473
100-03+ 6.589 6.566 6.554 6.542 6.529 6.502 6.463
100-04 6.584 6.560 6.548 6.535 6.521 6.493 6.453
100-04+ 6.579 6.554 6.542 6.528 6.514 6.484 6.442
100-05 6.574 6.548 6.535 6.521 6.506 6.475 6.432
100-05+ 6.569 6.543 6.529 6.514 6.499 6.467 6.422
100-06 6.564 6.537 6.522 6.507 6.491 6.458 6.411
100-06+ 6.560 6.531 6.516 6.500 6.484 6.449 6.401
100-07 6.555 6.525 6.509 6.493 6.476 6.441 6.391
100-07+ 6.550 6.519 6.503 6.486 6.469 6.432 6.380
100-08 6.545 6.513 6.496 6.479 6.461 6.423 6.370
100-08+ 6.540 6.507 6.490 6.472 6.453 6.415 6.360
100-09 6.535 6.501 6.483 6.465 6.446 6.406 6.349
100-09+ 6.530 6.495 6.477 6.458 6.438 6.397 6.339
Avg. Life 3.962 3.189 2.897 2.637 2.418 2.057 1.699
Mod. Dur. 3.114 2.604 2.401 2.216 2.056 1.782 1.500
1st Pmt. 0.053 0.053 0.053 0.053 0.053 0.053 0.053
Last Pmt. 01/15/10 01/15/08 04/15/07 07/15/06 12/15/05 01/15/05 02/15/04
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 STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL TERMSHEETS, AND
WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION IN THE PROSPECTUS SUPPLEMENT.
<PAGE>
Deal ID/CUSIP HG991 Coupon N/A
Class A1 CUR PVT Accr 0.45937 1st Pmt 06/15/99
Collateral (Real) Factor on / /
N/GWAC (Orig) / CMT-3YW 5.21000
WAM (Orig) Mat N/A Settle 05/26/99
CenterPrice 100-00 Inc 4.000 Table Yield Roll@
********* TO MATURITY ********
HEP 16.00 HEP 20.00 HEP 22.00 HEP 24.00 HEP 26.00 HEP 30.00 HEP 35.00
Price
----- --------- --------- --------- --------- --------- --------- ---------
97-20 7.431 7.555 7.620 7.686 7.757 7.905 8.115
97-24 7.389 7.506 7.566 7.629 7.695 7.835 8.032
97-28 7.346 7.456 7.513 7.572 7.634 7.765 7.950
98-00 7.304 7.407 7.460 7.515 7.573 7.695 7.867
98-04 7.262 7.357 7.407 7.458 7.512 7.626 7.785
98-08 7.220 7.308 7.354 7.402 7.452 7.556 7.703
98-12 7.178 7.259 7.302 7.345 7.391 7.487 7.622
98-16 7.136 7.211 7.249 7.289 7.331 7.418 7.541
98-20 7.094 7.162 7.197 7.233 7.271 7.349 7.460
98-24 7.053 7.113 7.145 7.177 7.211 7.281 7.379
98-28 7.011 7.065 7.093 7.121 7.151 7.213 7.298
99-00 6.970 7.017 7.041 7.065 7.091 7.144 7.218
99-04 6.928 6.969 6.989 7.010 7.032 7.076 7.138
99-08 6.887 6.921 6.937 6.954 6.973 7.009 7.058
99-12 6.846 6.873 6.886 6.899 6.914 6.941 6.979
99-16 6.805 6.825 6.835 6.844 6.855 6.874 6.900
99-20 6.764 6.777 6.784 6.789 6.796 6.807 6.820
99-24 6.723 6.730 6.733 6.735 6.737 6.740 6.742
99-28 6.683 6.683 6.682 6.680 6.679 6.673 6.663
100-00 6.642 6.635 6.631 6.626 6.621 6.606 6.585
100-04 6.602 6.588 6.580 6.571 6.563 6.540 6.507
100-08 6.561 6.541 6.530 6.517 6.505 6.474 6.429
100-12 6.521 6.494 6.480 6.463 6.447 6.408 6.351
100-16 6.481 6.448 6.429 6.410 6.389 6.342 6.274
100-20 6.441 6.401 6.379 6.356 6.332 6.276 6.197
100-24 6.401 6.355 6.329 6.303 6.275 6.211 6.120
100-28 6.361 6.308 6.280 6.249 6.218 6.146 6.043
101-00 6.322 6.262 6.230 6.196 6.161 6.081 5.966
101-04 6.282 6.216 6.181 6.143 6.104 6.016 5.890
101-08 6.242 6.170 6.131 6.090 6.047 5.951 5.814
101-12 6.203 6.124 6.082 6.037 5.991 5.887 5.738
101-16 6.164 6.079 6.033 5.985 5.935 5.822 5.663
101-20 6.124 6.033 5.984 5.932 5.878 5.758 5.587
101-24 6.085 5.988 5.935 5.880 5.822 5.694 5.512
101-28 6.046 5.942 5.887 5.828 5.767 5.631 5.437
102-00 6.007 5.897 5.838 5.776 5.711 5.567 5.363
102-04 5.969 5.852 5.790 5.724 5.655 5.504 5.288
102-08 5.930 5.807 5.741 5.672 5.600 5.440 5.214
102-12 5.891 5.762 5.693 5.621 5.545 5.377 5.140
Avg. Life 3.950 3.303 3.038 2.801 2.587 2.219 1.847
Mod. Dur. 3.072 2.639 2.456 2.291 2.139 1.872 1.591
1st Pmt. 0.053 0.053 0.053 0.053 0.053 0.053 0.053
Last Pmt. 14.886 14.386 14.053 13.969 13.969 12.719 11.053
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 STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL TERMSHEETS, AND
WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION IN THE PROSPECTUS SUPPLEMENT.
<PAGE>
Deal ID/CUSIP HG991 Coupon N/A
Class A2 CUR PVT Accr 0.45938 1st Pmt 06/15/99
Collateral (Real) Factor on / /
N/GWAC (Orig) / CMT-3YW 5.21000
WAM (Orig) Mat N/A Settle 05/26/99
CenterPrice 100-00 Inc 4.000 Table Yield Roll@
********* TO MATURITY ********
HEP 16.00 HEP 20.00 HEP 22.00 HEP 24.00 HEP 26.00 HEP 30.00 HEP 35.00
Price
----- --------- --------- --------- --------- --------- --------- ---------
97-20 7.395 7.522 7.587 7.655 7.725 7.873 8.081
97-24 7.355 7.475 7.536 7.600 7.666 7.805 8.001
97-28 7.315 7.427 7.485 7.545 7.606 7.737 7.920
98-00 7.275 7.380 7.434 7.490 7.547 7.669 7.840
98-04 7.235 7.333 7.383 7.435 7.488 7.602 7.760
98-08 7.195 7.286 7.332 7.380 7.430 7.534 7.680
98-12 7.155 7.239 7.281 7.326 7.371 7.467 7.601
98-16 7.115 7.192 7.231 7.272 7.313 7.400 7.522
98-20 7.076 7.145 7.180 7.217 7.255 7.333 7.443
98-24 7.036 7.099 7.130 7.163 7.197 7.266 7.364
98-28 6.997 7.052 7.080 7.109 7.139 7.200 7.286
99-00 6.958 7.006 7.030 7.056 7.081 7.134 7.207
99-04 6.918 6.960 6.980 7.002 7.024 7.068 7.129
99-08 6.879 6.914 6.931 6.949 6.966 7.002 7.051
99-12 6.840 6.868 6.881 6.896 6.909 6.936 6.974
99-16 6.802 6.822 6.832 6.842 6.852 6.871 6.897
99-20 6.763 6.777 6.783 6.789 6.795 6.806 6.820
99-24 6.724 6.731 6.733 6.737 6.739 6.741 6.743
99-28 6.686 6.686 6.684 6.684 6.682 6.676 6.666
100-00 6.647 6.641 6.636 6.631 6.626 6.611 6.590
100-04 6.609 6.595 6.587 6.579 6.569 6.546 6.514
100-08 6.571 6.551 6.538 6.527 6.513 6.482 6.438
100-12 6.533 6.506 6.490 6.475 6.458 6.418 6.362
100-16 6.495 6.461 6.442 6.423 6.402 6.354 6.287
100-20 6.457 6.416 6.394 6.371 6.346 6.290 6.211
100-24 6.419 6.372 6.346 6.320 6.291 6.227 6.136
100-28 6.381 6.327 6.298 6.268 6.236 6.164 6.062
101-00 6.344 6.283 6.250 6.217 6.180 6.100 5.987
101-04 6.306 6.239 6.202 6.166 6.126 6.037 5.913
101-08 6.269 6.195 6.155 6.114 6.071 5.975 5.839
101-12 6.232 6.151 6.108 6.064 6.016 5.912 5.765
101-16 6.194 6.107 6.060 6.013 5.962 5.849 5.691
101-20 6.157 6.064 6.013 5.962 5.907 5.787 5.618
101-24 6.120 6.020 5.966 5.912 5.853 5.725 5.544
101-28 6.083 5.977 5.920 5.861 5.799 5.663 5.471
102-00 6.047 5.933 5.873 5.811 5.745 5.601 5.398
102-04 6.010 5.890 5.826 5.761 5.692 5.540 5.326
102-08 5.973 5.847 5.780 5.711 5.638 5.478 5.253
102-12 5.937 5.804 5.734 5.661 5.585 5.417 5.181
Avg. Life 4.260 3.496 3.192 2.928 2.695 2.297 1.901
Mod. Dur. 3.244 2.754 2.552 2.373 2.211 1.927 1.632
1st Pmt. 0.053 0.053 0.053 0.053 0.053 0.053 0.053
Last Pmt. 18.803 17.219 16.303 15.303 14.386 13.719 11.636
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 STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL TERMSHEETS, AND
WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION IN THE PROSPECTUS SUPPLEMENT.
<PAGE>
- --------------------------------------------------------------------------------
- HOMEGOLD
- Cut Off Date of Tape is 04/30/99
- A1 POOL
- $20,351,882.24
- --------------------------------------------------------------------------------
Number of Mortgage Loans: 679
Lien Status: 1st and 2nd Lien Loans
Aggregate Unpaid Principal Balance: $20,351,882.24
Aggregate Original Principal Balance: $21,136,873.42
Weighted Average Coupon (Gross): 12.005%
Gross Coupon Range: 8.000% - 18.428%
- --------------------------------------------------------------------------------
Average Unpaid Principal Balance: $29,973.32
Average Original Principal Balance: $31,129.42
Maximum Unpaid Principal Balance: $447,294.91
Minimum Unpaid Principal Balance: $1,281.35
Maximum Original Principal Balance: $459,000.00
Minimum Original Principal Balance: $2,971.43
Weighted Avg. Stated Rem. Term: 182.739
Stated Rem Term Range: 11.000 - 359.000
Weighted Average Age (Original Term - Rem Term): 15.813
Age Range: 1.000 - 96.000
Weighted Average Original Term: 198.552
Original Term Range: 35.000 - 363.000
Weighted Average Original LTV: 60.718
Original LTV Range: 4.984% - 133.608%
Weighted Average Combined LTV: 91.311 (1)
Combined LTV Range: 14.100% - 170.215%
Weighted Average Combined LTV: 85.443 (2)
Combined LTV Range: 6.012% - 170.215%
Weighted Average Debt to Income Ratio: 37.755
Debt to Income Ratio Range: 6.000% - 90.000%
Weighted Average Borrower FICO: 612.256 (3)
Borrower FICO Range: 451.000 - 793.000
- --------------------------------------------------------------------------------
Index: 3 YR CMT (4),(5)
Weighted Average Margin (Gross): 5.775% (4)
Gross Margin Range: 3.490% - 7.930%
Weighted Average Life Cap (Gross): 17.652% (4)
Gross Life Cap Range: 17.490% - 18.000%
Weighted Average Life Floor (Gross): 12.007% (4)
Gross Life Floor Range: 10.490% - 13.990%
Weighted Average Periodic Interest Cap: 2.118% (4)
Periodic Interest Cap Range: 2.000% - 7.000%
Weighted Average Months to Interest Roll: 18.753 (4)
Months to Interest Roll Range: 1 - 33
Weighted Average Interest Roll Frequency: 33.548 (4)
Interest Frequency Range: 1 - 36
- --------------------------------------------------------------------------------
(1) For 112 of the 1st lien loans the combined LTV reflects a silent 2nd loan
not included in the pool
(2) For those 112 1st lien loans the combined LTV does not reflect the silent
2nd lien
(3) Excludes 131 loans missing FICO score
(4) Functions computed using the 24 adjustable rate loans only, total unpaid
balance of $513,802.63
(5) Except for 2 Wall Street Prime rate loans
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 STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL TERMSHEETS, AND
WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION IN THE PROSPECTUS SUPPLEMENT.
<PAGE>
GROSS MORTGAGE INTEREST RATE RANGE
<TABLE>
<CAPTION>
Percentage of
Aggregate Cut-Off Date
Gross Mortgage Number of Unpaid Aggregate
Interest Rate Mortgage Principal Principal
Range Loans Balance Balance
<S> <C> <C> <C>
7.75% less than Gross Coupon less than or equal to 8.00% 4 135,415.25 0.67
8.25% less than Gross Coupon less than or equal to 8.50% 2 54,979.75 0.27
8.50% less than Gross Coupon less than or equal to 8.75% 6 196,315.56 0.96
8.75% less than Gross Coupon less than or equal to 9.00% 23 1,177,775.68 5.79
9.00% less than Gross Coupon less than or equal to 9.25% 12 766,378.71 3.77
9.25% less than Gross Coupon less than or equal to 9.50% 34 1,419,208.41 6.97
9.50% less than Gross Coupon less than or equal to 9.75% 22 565,896.06 2.78
9.75% less than Gross Coupon less than or equal to 10.00% 27 1,011,974.32 4.97
10.00% less than Gross Coupon less than or equal to 10.25% 16 580,928.74 2.85
10.25% less than Gross Coupon less than or equal to 10.50% 28 1,592,098.72 7.82
10.50% less than Gross Coupon less than or equal to 10.75% 6 224,042.63 1.10
10.75% less than Gross Coupon less than or equal to 11.00% 26 862,695.38 4.24
11.00% less than Gross Coupon less than or equal to 11.25% 7 252,293.22 1.24
11.25% less than Gross Coupon less than or equal to 11.50% 24 708,301.95 3.48
11.50% less than Gross Coupon less than or equal to 11.75% 11 727,423.51 3.57
11.75% less than Gross Coupon less than or equal to 12.00% 34 978,702.90 4.81
12.00% less than Gross Coupon less than or equal to 12.25% 10 264,805.86 1.30
12.25% less than Gross Coupon less than or equal to 12.50% 31 822,760.34 4.04
12.50% less than Gross Coupon less than or equal to 12.75% 13 402,054.19 1.98
12.75% less than Gross Coupon less than or equal to 13.00% 28 793,013.62 3.90
13.00% less than Gross Coupon less than or equal to 13.25% 7 192,735.49 0.95
13.25% less than Gross Coupon less than or equal to 13.50% 18 499,671.30 2.46
13.50% less than Gross Coupon less than or equal to 13.75% 13 263,792.60 1.30
13.75% less than Gross Coupon less than or equal to 14.00% 79 1,523,023.40 7.48
14.00% less than Gross Coupon less than or equal to 14.25% 8 220,718.99 1.08
14.25% less than Gross Coupon less than or equal to 14.50% 26 478,433.52 2.35
14.50% less than Gross Coupon less than or equal to 14.75% 23 674,300.22 3.31
14.75% less than Gross Coupon less than or equal to 15.00% 34 627,424.30 3.08
15.00% less than Gross Coupon less than or equal to 15.25% 19 502,026.85 2.47
15.25% less than Gross Coupon less than or equal to 15.50% 22 568,670.62 2.79
15.50% less than Gross Coupon less than or equal to 15.75% 7 196,462.53 0.97
15.75% less than Gross Coupon less than or equal to 16.00% 28 418,406.70 2.06
16.00% less than Gross Coupon less than or equal to 16.25% 4 105,614.86 0.52
16.25% less than Gross Coupon less than or equal to 16.50% 8 204,681.60 1.01
16.50% less than Gross Coupon less than or equal to 16.75% 4 78,167.25 0.38
16.75% less than Gross Coupon less than or equal to 17.00% 9 150,203.72 0.74
17.25% less than Gross Coupon less than or equal to 17.50% 2 34,055.77 0.17
17.50% less than Gross Coupon less than or equal to 18.00% 2 21,180.22 0.10
18.00% less than Gross Coupon less than or equal to 18.50% 2 55,247.50 0.27
- -------------------------------------------------------------------------------------------------
Total.......... 679 $20,351,882.24 100.00%
=================================================================================================
</TABLE>
Loan Summary Stratified by Mortgage Rate Type
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Loans Balance Balance
ARM 24 513,802.63 2.52
FIXED 655 19,838,079.61 97.48
- --------------------------------------------------------------------------
Total............... 679 $20,351,882.24 100.00%
==========================================================================
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 STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL TERMSHEETS, AND
WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION IN THE PROSPECTUS SUPPLEMENT.
<PAGE>
Loan Summary Stratified by Next Due Date
Percentage of
Aggregate Cut-Off Date
Next Number of Unpaid Aggregate
Due Mortgage Principal Principal
Date Loans Balance Balance
04/01/99 130 $3,683,761.53 18.10
05/01/99 475 $14,875,694.08 73.09
06/01/99 71 $1,756,804.18 08.63
07/01/99 2 $29,203.92 00.14
08/01/99 1 $6,418.53 00.03
- --------------------------------------------------------------------------
Total........ 679 $20,351,882.24 100.00%
==========================================================================
ORIGINAL TERM
<TABLE>
<CAPTION>
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Original Term Loans Balance Balance
<S> <C> <C> <C>
24 less than Orig. Term less than or equal to 36 1 3,910.88 0.02%
36 less than Orig. Term less than or equal to 48 2 16,470.96 0.08%
48 less than Orig. Term less than or equal to 60 5 37,984.98 0.19%
60 less than Orig. Term less than or equal to 72 8 113,305.94 0.56%
72 less than Orig. Term less than or equal to 84 10 61,284.47 0.30%
84 less than Orig. Term less than or equal to 96 9 136,939.90 0.67%
96 less than Orig. Term less than or equal to 108 5 54,719.17 0.27%
108 less than Orig. Term less than or equal to 120 60 1,119,698.98 5.50%
120 less than Orig. Term less than or equal to 132 22 482,430.68 2.37%
132 less than Orig. Term less than or equal to 144 8 187,467.10 0.92%
144 less than Orig. Term less than or equal to 156 7 177,407.11 0.87%
156 less than Orig. Term less than or equal to 168 9 127,653.97 0.63%
168 less than Orig. Term less than or equal to 180 296 9,854,703.34 48.42%
180 less than Orig. Term less than or equal to 192 110 3,481,916.58 17.11%
192 less than Orig. Term less than or equal to 204 1 23,496.27 0.12%
216 less than Orig. Term less than or equal to 228 1 18,085.05 0.09%
228 less than Orig. Term less than or equal to 240 49 1,533,192.35 7.53%
240 less than Orig. Term less than or equal to 252 15 623,515.85 3.06%
252 less than Orig. Term less than or equal to 264 2 49,640.27 0.24%
288 less than Orig. Term less than or equal to 300 3 135,679.50 0.67%
300 less than Orig. Term less than or equal to 312 1 31,909.19 0.16%
324 less than Orig. Term less than or equal to 336 1 43,995.60 0.22%
348 less than Orig. Term less than or equal to 360 40 1,415,869.25 6.96%
360 less than Orig. Term less than or equal to 372 14 620,604.85 3.05%
- ------------------------------------------------------------------------------------------------
Total............ 679 $20,351,882.24 100.00%
================================================================================================
</TABLE>
AGE OF LOAN
<TABLE>
<CAPTION>
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Age Loans Balance Balance
<S> <C> <C> <C>
0 less than Age less than or equal to 12 345 10,595,744.76 52.06%
12 less than Age less than or equal to 24 204 6,615,091.37 32.50%
24 less than Age less than or equal to 36 49 1,667,244.88 8.19%
36 less than Age less than or equal to 48 23 539,444.68 2.65%
48 less than Age less than or equal to 60 18 371,431.65 1.83%
60 less than Age less than or equal to 72 9 133,520.50 0.66%
72 less than Age less than or equal to 84 19 275,478.23 1.35%
84 less than Age less than or equal to 96 12 153,926.17 0.76%
- ------------------------------------------------------------------------------------------------
Total............ 679 $20,351,882.24 100.00%
================================================================================================
</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 STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL TERMSHEETS, AND
WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION IN THE PROSPECTUS SUPPLEMENT.
<PAGE>
REMAINING MONTHS TO STATED MATURITY
<TABLE>
<CAPTION>
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Remaining Term Loans Balance Balance
<S> <C> <C> <C>
1 less than Rem Term less than or equal to 12 1 1,403.06 0.01%
12 less than Rem Term less than or equal to 24 6 24,072.48 0.12%
24 less than Rem Term less than or equal to 36 10 58,842.93 0.29%
36 less than Rem Term less than or equal to 48 8 68,779.26 0.34%
48 less than Rem Term less than or equal to 60 8 91,845.33 0.45%
60 less than Rem Term less than or equal to 72 15 223,871.05 1.10%
72 less than Rem Term less than or equal to 84 8 92,322.11 0.45%
84 less than Rem Term less than or equal to 96 16 324,978.83 1.60%
96 less than Rem Term less than or equal to 108 37 853,237.12 4.19%
108 less than Rem Term less than or equal to 120 33 614,056.76 3.02%
120 less than Rem Term less than or equal to 132 5 106,640.56 0.52%
132 less than Rem Term less than or equal to 144 18 545,302.43 2.68%
144 less than Rem Term less than or equal to 156 37 1,225,870.82 6.02%
156 less than Rem Term less than or equal to 168 154 5,395,566.40 26.51%
168 less than Rem Term less than or equal to 180 201 6,343,033.07 31.17%
180 less than Rem Term less than or equal to 192 7 216,021.96 1.06%
192 less than Rem Term less than or equal to 204 2 39,050.75 0.19%
204 less than Rem Term less than or equal to 216 4 107,250.24 0.53%
216 less than Rem Term less than or equal to 228 22 826,669.96 4.06%
228 less than Rem Term less than or equal to 240 28 945,008.73 4.64%
276 less than Rem Term less than or equal to 288 4 117,858.32 0.58%
288 less than Rem Term less than or equal to 300 2 103,062.82 0.51%
300 less than Rem Term less than or equal to 312 4 140,319.77 0.69%
312 less than Rem Term less than or equal to 324 3 113,552.23 0.56%
324 less than Rem Term less than or equal to 336 7 279,114.87 1.37%
336 less than Rem Term less than or equal to 348 12 421,450.55 2.07%
348 less than Rem Term less than or equal to 360 27 1,072,699.83 5.27%
- ------------------------------------------------------------------------------------------------
Total............ 679 $20,351,882.24 100.00%
================================================================================================
</TABLE>
YEARS OF ORIGINATION
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Year of Mortgage Principal Principal
Origination Loans Balance Balance
1986 2 39,026.00 0.19
1987 4 86,152.64 0.42
1988 3 51,452.83 0.25
1989 1 24,538.34 0.12
1990 5 81,449.56 0.40
1991 7 69,333.93 0.34
1992 21 284,909.62 1.40
1993 11 225,789.00 1.11
1994 16 329,333.39 1.62
1995 15 393,310.22 1.93
1996 32 1,186,438.00 5.83
1997 194 6,009,816.69 29.53
1998 310 8,991,908.60 44.18
1999 58 2,578,423.42 12.67
- --------------------------------------------------------------------------
Total................. 679 $20,351,882.24 100.00%
==========================================================================
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 STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL TERMSHEETS, AND
WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION IN THE PROSPECTUS SUPPLEMENT.
Loan Summary Stratified by Amortization
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Amortization Loans Balance Balance
Fully Amortizing 372 9,167,563.59 45.05
Partially Amortizing 307 11,184,318.65 54.95
- --------------------------------------------------------------------------
Total.................. 679 $20,351,882.24 100.00%
==========================================================================
<PAGE>
ORIGINAL MORTGAGE LOAN AMOUNTS
<TABLE>
<CAPTION>
Percentage of
Aggregate Cut-Off Date
Original Number of Unpaid Aggregate
Mortgage Loan Mortgage Principal Principal
Principal Balance Loans Balance Balance
<S> <C> <C> <C>
Balance less than or equal to 25,000 316 4,688,607.09 23.04
25,000 less than Balance less than or equal to 50,000 329 11,441,685.15 56.22
50,000 less than Balance less than or equal to 75,000 19 1,133,093.71 5.57
75,000 less than Balance less than or equal to 100,000 5 424,469.18 2.09
150,000 less than Balance less than or equal to 175,000 1 154,517.79 0.76
175,000 less than Balance less than or equal to 200,000 1 199,670.61 0.98
200,000 less than Balance less than or equal to 250,000 3 664,742.88 3.27
250,000 less than Balance less than or equal to 300,000 3 820,596.57 4.03
350,000 less than Balance less than or equal to 400,000 1 377,204.35 1.85
450,000 less than Balance less than or equal to 500,000 1 447,294.91 2.20
- -------------------------------------------------------------------------------------------------------
Total.................... 679 $20,351,882.24 100.00%
=======================================================================================================
</TABLE>
CURRENT MORTGAGE LOAN AMOUNTS
<TABLE>
<CAPTION>
Percentage of
Aggregate Cut-Off Date
Current Number of Unpaid Aggregate
Mortgage Loan Mortgage Principal Principal
Principal Balance Loans Balance Balance
<S> <C> <C> <C>
Balance less than or equal to 25,000 333 5,048,429.86 24.81
25,000 less than Balance less than or equal to 50,000 311 11,020,356.36 54.15
50,000 less than Balance less than or equal to 75,000 21 1,258,949.00 6.19
75,000 less than Balance less than or equal to 100,000 4 360,119.91 1.77
150,000 less than Balance less than or equal to 175,000 1 154,517.79 0.76
175,000 less than Balance less than or equal to 200,000 1 199,670.61 0.98
200,000 less than Balance less than or equal to 250,000 3 664,742.88 3.27
250,000 less than Balance less than or equal to 300,000 3 820,596.57 4.03
350,000 less than Balance less than or equal to 400,000 1 377,204.35 1.85
400,000 less than Balance less than or equal to 450,000 1 447,294.91 2.20
- ----------------------------------------------------------------------------------------------------
Total.................... 679 $20,351,882.24 100.00%
====================================================================================================
</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 STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL TERMSHEETS, AND
WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION IN THE PROSPECTUS SUPPLEMENT.
<PAGE>
LIEN SUMMARY
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Loans Balance Balance
1 359 13,691,123.90 67.27
2 320 6,660,758.34 32.73
- --------------------------------------------------------------------------
Total............... 679 $20,351,882.24 100.00%
==========================================================================
Original Loan to Value Ratios for the Mortgage Loans
<TABLE>
<CAPTION>
Percentage of
Aggregate Cut-Off Date
Original Number of Unpaid Aggregate
Loan-To-Value Mortgage Principal Principal
Ratio Loans Balance Balance
<S> <C> <C> <C>
0.00 less than LTV less than or equal to 5.00 1 3,422.10 0.02
5.00 less than LTV less than or equal to 10.00 13 146,394.84 0.72
10.00 less than LTV less than or equal to 15.00 39 527,378.86 2.59
15.00 less than LTV less than or equal to 20.00 110 1,733,779.63 8.52
20.00 less than LTV less than or equal to 25.00 39 784,742.45 3.86
25.00 less than LTV less than or equal to 30.00 31 662,211.88 3.25
30.00 less than LTV less than or equal to 35.00 30 868,869.53 4.27
35.00 less than LTV less than or equal to 40.00 24 689,283.24 3.39
40.00 less than LTV less than or equal to 45.00 24 698,272.60 3.43
45.00 less than LTV less than or equal to 50.00 29 765,753.57 3.76
50.00 less than LTV less than or equal to 55.00 18 480,259.77 2.36
55.00 less than LTV less than or equal to 60.00 22 752,976.48 3.70
60.00 less than LTV less than or equal to 65.00 21 585,931.14 2.88
65.00 less than LTV less than or equal to 70.00 35 1,105,933.40 5.43
70.00 less than LTV less than or equal to 75.00 51 1,785,650.36 8.77
75.00 less than LTV less than or equal to 80.00 132 5,844,653.07 28.72
80.00 less than LTV less than or equal to 85.00 27 1,568,308.27 7.71
85.00 less than LTV less than or equal to 90.00 18 1,011,267.55 4.97
90.00 less than LTV less than or equal to 95.00 8 206,778.56 1.02
95.00 less than LTV less than or equal to 100.00 2 24,346.40 0.12
100.00 less than LTV less than or equal to 105.00 2 41,088.15 0.20
120.00 less than LTV less than or equal to 125.00 2 54,880.92 0.27
130.00 less than LTV less than or equal to 135.00 1 9,699.47 0.05
- ------------------------------------------------------------------------------------------------
Total.................... 679 $20,351,882.24 100.00%
================================================================================================
</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 STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL TERMSHEETS, AND
WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION IN THE PROSPECTUS SUPPLEMENT.
<PAGE>
Original Combined Loan to Value Ratios for the Mortgage Loans
<TABLE>
<CAPTION>
Percentage of
Aggregate Cut-Off Date
Combined Number of Unpaid Aggregate
Loan-To-Value Mortgage Principal Principal
Ratio Loans Balance Balance
<S> <C> <C> <C>
10.000 less than Comb LTV less than or equal to 15.000 2 16,086.00 0.08
15.000 less than Comb LTV less than or equal to 20.000 1 13,168.92 0.06
20.000 less than Comb LTV less than or equal to 25.000 2 25,290.19 0.12
25.000 less than Comb LTV less than or equal to 30.000 5 47,131.50 0.23
30.000 less than Comb LTV less than or equal to 35.000 3 62,455.84 0.31
35.000 less than Comb LTV less than or equal to 40.000 4 62,611.14 0.31
40.000 less than Comb LTV less than or equal to 45.000 6 142,779.43 0.70
45.000 less than Comb LTV less than or equal to 50.000 12 240,185.89 1.18
50.000 less than Comb LTV less than or equal to 55.000 5 85,256.08 0.42
55.000 less than Comb LTV less than or equal to 60.000 19 698,038.63 3.43
60.000 less than Comb LTV less than or equal to 65.000 17 433,019.80 2.13
65.000 less than Comb LTV less than or equal to 70.000 32 802,789.55 3.94
70.000 less than Comb LTV less than or equal to 75.000 33 964,355.65 4.74
75.000 less than Comb LTV less than or equal to 80.000 82 3,116,243.63 15.31
80.000 less than Comb LTV less than or equal to 85.000 32 1,193,931.77 5.87
85.000 less than Comb LTV less than or equal to 90.000 47 1,175,863.22 5.78
90.000 less than Comb LTV less than or equal to 95.000 45 1,201,692.62 5.90
95.000 less than Comb LTV less than or equal to 100.000 217 6,257,775.36 30.75
100.000 less than Comb LTV less than or equal to 105.000 19 864,983.59 4.25
105.000 less than Comb LTV less than or equal to 110.000 9 245,912.11 1.21
110.000 less than Comb LTV less than or equal to 115.000 12 328,893.80 1.62
115.000 less than Comb LTV less than or equal to 120.000 12 382,812.26 1.88
120.000 less than Comb LTV less than or equal to 125.000 60 1,935,016.95 9.51
130.000 less than Comb LTV less than or equal to 135.000 1 9,699.47 0.05
140.000 less than Comb LTV less than or equal to 145.000 1 38,596.08 0.19
170.000 less than Comb LTV less than or equal to 180.000 1 7,292.76 0.04
- --------------------------------------------------------------------------------------------------
Total.................... 679 $20,351,882.24 100.00%
==================================================================================================
(*) There are 112 1st lien loans where the combined LTV reflects a silent 2nd
lien loan not included in the pool
</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 STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL TERMSHEETS, AND
WILL BE SUPERSEDED BY THE STRUCTURAL 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 1 38,365.22 0.19
Arkansas 3 105,417.81 0.52
Colorado 1 15,375.56 0.08
Florida 34 1,260,903.96 6.20
Georgia 32 815,193.51 4.01
Idaho 1 17,363.89 0.09
Illinois 10 267,372.19 1.31
Indiana 9 191,407.52 0.94
Iowa 5 98,007.70 0.48
Kansas 12 288,339.22 1.42
Kentucky 25 366,410.67 1.80
Louisiana 20 874,729.42 4.30
Maine 1 9,530.53 0.05
Maryland 9 471,081.40 2.31
Massachusetts 2 52,345.77 0.26
Michigan 18 435,124.58 2.14
Minnesota 1 31,114.82 0.15
Mississippi 18 467,224.79 2.30
Missouri 15 407,029.85 2.00
Montana 4 92,460.99 0.45
Nebraska 3 68,021.23 0.33
New Jersey 1 24,726.57 0.12
New Mexico 4 79,912.68 0.39
North Carolina 79 2,845,758.56 13.98
Ohio 4 83,630.15 0.41
Oklahoma 2 22,857.63 0.11
Oregon 2 29,367.75 0.14
Pennsylvania 8 174,248.32 0.86
South Carolina 276 7,966,421.54 39.14
Tennessee 21 776,600.46 3.82
Texas 29 1,042,733.58 5.12
Utah 1 23,755.00 0.12
Virginia 18 678,322.92 3.33
Washington 1 27,784.97 0.14
West Virgina 9 202,941.48 1.00
- --------------------------------------------------------------------------
Total............... 679 $20,351,882.24 100.00%
==========================================================================
<PAGE>
Loan Summary Stratified by Property Type
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Property Loans Balance Balance
Investor Rental Property 22 690,774.53 3.39
Mobile/Manufactured Homes 132 4,089,848.41 20.10
Mobile/Manufactured over 5 Acres 3 54,467.30 0.27
Primary Financing Only(*) 84 2,016,893.09 9.91
Raw Land 1 7,487.86 0.04
Residential Property 435 13,459,507.38 66.13
Residential Property over 5 Acres 2 32,903.67 0.16
- --------------------------------------------------------------------------
Total............... 679 $20,351,882.24 100.00%
==========================================================================
(*) Equivalent to single family residences
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 STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL TERMSHEETS, AND
WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION IN THE PROSPECTUS SUPPLEMENT.
LOAN SUMMARY STRATIFIED BY
OWNER OCCUPANCY
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Loans Balance Balance
Owner Occ. 653 19,617,359.09 96.39
Non Owner Occ. 26 734,523.15 3.61
- --------------------------------------------------------------------------
Total.................. 679 $20,351,882.24 100.00%
==========================================================================
<PAGE>
LOAN SUMMARY STRATIFIED BY
DOCUMENTATION LEVEL
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Loans Balance Balance
Full Documentation 662 19,577,475.29 96.19
Stated Documentation 10 504,712.69 2.48
Lite Documentation 7 269,694.26 1.33
- --------------------------------------------------------------------------
Total.................. 679 $20,351,882.24 100.00%
==========================================================================
Loan Summary Stratified by Loan Purpose
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Loans Balance Balance
Bond for Title 10 216,917.07 1.07
Converted Construction to Permanent 3 39,656.17 0.19
Debt Consolidation (Cash Out) 142 3,418,533.80 16.80
Debt Consolidation (No Cash Out) 47 1,794,360.33 8.82
Home Improvement (Cash Out) 42 936,919.25 4.60
Home Improvement (No Cash Out) 48 1,653,086.58 8.12
Home Improvement w/Escrow (Cash Out) 10 267,203.79 1.31
Home Improvement w/Escrow (No Cash Out) 10 292,927.33 1.44
Lease Purchase (No Cash Out) 1 38,865.84 0.19
Multi Purpose Refinance (Cash Out) 37 1,486,093.24 7.30
Multi Purpose Refinance (No Cash Out) 19 626,961.20 3.08
Purchase Money Mortgage (Cash Out) 24 771,731.08 3.79
Purchase Money Mortgage (No Cash Out) 60 1,659,442.48 8.15
Refinance (Cash Out) 175 5,548,410.74 27.26
Refinance (No Cash Out) 51 1,600,773.34 7.87
- -------------------------------------------------------------------------------
Total.................. 679 $ 20,351,882.24 100.00%
===============================================================================
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 STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL TERMSHEETS, AND
WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION IN THE PROSPECTUS SUPPLEMENT.
<PAGE>
Risk Categories for Mortgage Loans
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Loans Balance Balance
A 175 4,149,525.05 20.39
A- 186 6,568,586.37 32.28
AA 68 2,755,932.83 13.54
B 109 3,010,921.01 14.79
C 121 3,319,569.08 16.31
D 20 547,347.90 2.69
- --------------------------------------------------------------------------
Total............... 679 $ 20,351,882.24 100.00%
==========================================================================
Loan Summary Stratified by Origination Method
Number of Total
Origination Mortgage Current Percentage of
Method Loans Balance Pool
Allied 6 174,270.53 0.86
Appletree 3 28,743.66 0.14
Capital City 2 59,193.96 0.29
Central Credit 136 3,374,000.95 16.58
Chase 37 1,677,651.67 8.24
Consumer 1 5,023.58 0.02
Direct 3 67,874.28 0.33
Greenville HomeGold 96 3,265,772.26 16.05
Houston HomeGold 16 486,510.39 2.39
Indiana HomeGold 71 1,671,363.02 8.21
Mortgage Group 3 29,144.86 0.14
Phoenix HomeGold 61 1,808,706.87 8.89
Resource Mortgage 7 161,230.26 0.79
Sterling Lending 42 1,211,218.04 5.95
Wholesale 195 6,331,177.91 31.11
-----------------------------------------------------------------------------
Total.......... 679 $20,351,882.24 100.00%
=============================================================================
<PAGE>
Loan Summary Stratified by FICO Score
- --------------------------------------------------------------------------------
<TABLE>
<CAPTION>
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Original Term Loans Balance Balance
<S> <C> <C> <C>
NO FICO STATED 131 3,059,085.77 15.03%
450 less than FICO less than or equal to 475 5 108,919.56 0.54%
475 less than FICO less than or equal to 500 11 201,919.47 0.99%
500 less than FICO less than or equal to 525 19 516,455.84 2.54%
525 less than FICO less than or equal to 550 52 1,842,553.42 9.05%
550 less than FICO less than or equal to 575 78 2,075,932.62 10.20%
575 less than FICO less than or equal to 600 93 2,837,575.50 13.94%
600 less than FICO less than or equal to 625 62 1,710,856.68 8.41%
625 less than FICO less than or equal to 650 103 3,765,311.95 18.50%
650 less than FICO less than or equal to 675 64 2,384,824.64 11.72%
675 less than FICO less than or equal to 700 27 772,579.12 3.80%
700 less than FICO less than or equal to 725 17 538,706.07 2.65%
725 less than FICO less than or equal to 750 9 298,657.75 1.47%
750 less than FICO less than or equal to 800 8 238,503.85 1.17%
- ------------------------------------------------------------------------------------------------
Total............ 679 $20,351,882.24 100.00%
================================================================================================
</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 STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL TERMSHEETS, AND
WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION IN THE PROSPECTUS SUPPLEMENT.
<PAGE>
Loan Summary Stratified by Debt to Income Ratios
<TABLE>
<CAPTION>
Percentage of
Aggregate Cut-Off Date
Original Number of Unpaid Aggregate
Debt to Income Mortgage Principal Principal
Ratio Loans Balance Balance
<S> <C> <C> <C>
5.00 less than DTI less than or equal to 10.00 5 132,231.36 0.65
10.00 less than DTI less than or equal to 15.00 23 535,432.92 2.63
15.00 less than DTI less than or equal to 20.00 43 992,288.26 4.88
20.00 less than DTI less than or equal to 25.00 52 1,395,479.15 6.86
25.00 less than DTI less than or equal to 30.00 73 1,838,075.45 9.03
30.00 less than DTI less than or equal to 35.00 92 3,025,750.72 14.87
35.00 less than DTI less than or equal to 40.00 94 2,702,566.35 13.28
40.00 less than DTI less than or equal to 45.00 152 4,491,876.96 22.07
45.00 less than DTI less than or equal to 50.00 116 4,517,640.53 22.20
50.00 less than DTI less than or equal to 55.00 21 546,343.63 2.68
55.00 less than DTI less than or equal to 60.00 3 73,261.15 0.36
60.00 less than DTI less than or equal to 65.00 1 22,573.32 0.11
65.00 less than DTI less than or equal to 70.00 2 36,270.32 0.18
70.00 less than DTI less than or equal to 75.00 1 19,256.00 0.09
85.00 less than DTI less than or equal to 90.00 1 22,836.12 0.11
- ------------------------------------------------------------------------------------------------
Total.................... 679 $20,351,882.24 100.00%
================================================================================================
</TABLE>
Adjustable Rate Loan Summary Stratified by Gross Margin
<TABLE>
<CAPTION>
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Gross Mortgage Principal Principal
Margin Loans Balance Balance
<S> <C> <C> <C>
3.000 less than Gross Margin less than or equal to 4.00 2 21,369.67 4.16
4.000 less than Gross Margin less than or equal to 5.00 6 150,334.46 29.26
5.000 less than Gross Margin less than or equal to 6.00 4 109,502.00 21.31
6.000 less than Gross Margin less than or equal to 7.00 5 130,307.69 25.36
7.000 less than Gross Margin less than or equal to 8.00 7 102,288.81 19.91
- ------------------------------------------------------------------------------------------------
Total................. 24 $513,802.63 100.00%
================================================================================================
</TABLE>
Adjustable Rate Loan Summary Stratified by Life Floor
<TABLE>
<CAPTION>
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Gross Mortgage Principal Principal
Life Floor Loans Balance Balance
<S> <C> <C> <C>
10.000 less than Life Floor less than or equal to 10.500 1 8,547.15 1.66
10.500 less than Life Floor less than or equal to 11.000 5 89,377.98 17.40
11.000 less than Life Floor less than or equal to 11.500 3 39,391.74 7.67
11.500 less than Life Floor less than or equal to 12.000 9 225,668.69 43.92
12.000 less than Life Floor less than or equal to 12.500 4 111,488.28 21.70
13.000 less than Life Floor less than or equal to 13.500 1 4,332.45 0.84
13.500 less than Life Floor less than or equal to 14.000 1 34,996.34 6.81
- -----------------------------------------------------------------------------------------------------
Total................. 24 $ $513,802.63 100.00%
=====================================================================================================
</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 STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL TERMSHEETS, AND
WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION IN THE PROSPECTUS SUPPLEMENT.
Adjustable Loan Summary Stratified by Life Cap
<TABLE>
<CAPTION>
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Gross Mortgage Principal Principal
Life Cap Loans Balance Balance
<S> <C> <C> <C>
17.000 less than Life Cap less than or equal to 17.500 16 350,113.33 68.14
17.500 less than Life Cap less than or equal to 18.000 8 163,689.30 31.86
- -----------------------------------------------------------------------------------------------------
Total................. 24 $513,802.63 100.00%
=====================================================================================================
</TABLE>
<PAGE>
LOAN SUMMARY STRATIFIED BY
PERIODIC INTEREST CAP
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Periodic Cap Loans Balance Balance
2.000 23 501,628.20 97.63
7.000 1 12,174.43 2.37
- --------------------------------------------------------------------------
Total................. 24 $513,802.63 100.00%
==========================================================================
Adjustable Rate Loan Summary Stratified by Interest Adjustment Frequency
Percentage of
Aggregate Cut-Off Date
Interest Number of Unpaid Aggregate
Adjustment Mortgage Principal Principal
Frequency Loans Balance Balance
1 2 35,999.25 7.01
36 22 477,803.38 92.99
- --------------------------------------------------------------------------
Total................. 24 $513,802.63 100.00%
==========================================================================
NEXT INTEREST ROLLDATE DATE
Percentage of
Aggregate Cut-Off Date
Next Number of Unpaid Aggregate
Roll Mortgage Principal Principal
Date Loans Balance Balance
05/01/00 2 $69,655.51 13.56
08/01/00 1 $2,528.11 00.49
09/01/00 1 $6,179.22 01.20
10/01/00 1 $8,322.18 01.62
11/01/00 3 $75,646.17 14.72
12/01/00 3 $64,400.40 12.53
01/01/01 5 $135,367.59 26.35
07/01/01 1 $29,355.91 05.71
08/01/01 1 $23,976.54 04.67
10/01/01 1 $13,324.48 02.59
01/01/02 1 $23,644.17 04.60
05/01/99 2 $35,999.25 07.01
11/01/99 1 $16,855.95 03.28
12/01/99 1 $8,547.15 01.66
- --------------------------------------------------------------------------
Total........ 24 $513,802.63 100.00%
==========================================================================
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 STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL TERMSHEETS, AND
WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION IN THE PROSPECTUS SUPPLEMENT.
- --------------------------------------------------------------------------------
- HOMEGOLD
- Cut Off Date of Tape is 04/30/99
- A2 POOL
- $39,277,999.04
- --------------------------------------------------------------------------------
Number of Mortgage Loans: 594
Lien Status: 1st and 2nd Lien Loans
Aggregate Unpaid Principal Balance: $39,277,999.04
Aggregate Original Principal Balance: $39,901,095.36
Weighted Average Coupon (Gross): 10.649%
Gross Coupon Range: 6.100% - 18.990%
- --------------------------------------------------------------------------------
Average Unpaid Principal Balance: $66,124.58
Average Original Principal Balance: $67,173.56
Maximum Unpaid Principal Balance: $206,250.00
Minimum Unpaid Principal Balance: $14,406.87
Maximum Original Principal Balance: $206,250.00
Minimum Original Principal Balance: $44,075.00
Weighted Avg. Stated Rem. Term: 222.893
Stated Rem Term Range: 33.000 - 359.000
Weighted Average Age (Original Term - Rem Term): 14.245
Age Range: 0.000 - 87.000
Weighted Average Original Term: 237.139
Original Term Range: 60.000 - 370.000
Weighted Average Original LTV: 77.377
Original LTV Range: 11.801% - 138.182%
Weighted Average Combined LTV: 93.400 (1)
Combined LTV Range: 12.000% - 140.310%
Weighted Average Combined LTV: 82.666 (2)
Combined LTV Range: 11.801% - 140.310%
Weighted Average Debt to Income Ratio: 39.838
Debt to Income Ratio Range: 14.000% - 93.000%
Weighted Average Borrower FICO: 613.304 (3)
Borrower FICO Range: 443.000 - 761.000
- --------------------------------------------------------------------------------
Index: 3 YR CMT (4)
Weighted Average Margin (Gross): 5.972% (4)
Gross Margin Range: 0.760% - 8.600%
Weighted Average Life Cap (Gross): 17.250% (4)
Gross Life Cap Range: 10.000% - 18.000%
Weighted Average Life Floor (Gross): 11.376% (4)
Gross Life Floor Range: 1.000% - 13.490%
Weighted Average Periodic Interest Cap: 2.000% (4)
Periodic Interest Cap Range: 2.000% - 2.000%
Weighted Average Months to Interest Roll: 19.817 (4)
Months to Interest Roll Range: 4 - 36
Weighted Average Interest Roll Frequency: 36.000 (4)
Interest Frequency Range: 36 - 36
- --------------------------------------------------------------------------------
(1) For 292 of the 1st lien loans the combined LTV reflects a 2nd lien loan not
included in the pool
(2) For those 292 1st lien loans the combined LTV does not reflect the silent
2nd lien
(3) Excludes 88 loans with missing FICO score
(4) Functions computed using the 18 adjustable rate loans only, total unpaid
principal balance of $1,371,685.42
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 STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL TERMSHEETS, AND
WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION IN THE PROSPECTUS SUPPLEMENT.
<PAGE>
GROSS MORTGAGE INTEREST RATE RANGE
<TABLE>
<CAPTION>
Percentage of
Aggregate Cut-Off Date
Gross Mortgage Number of Unpaid Aggregate
Interest Rate Mortgage Principal Principal
Range Loans Balance Balance
<S> <C> <C> <C>
6.00% less than Gross Coupon less than or equal to 6.50% 1 65,903.63 0.17
8.25% less than Gross Coupon less than or equal to 8.50% 3 289,735.30 0.74
8.50% less than Gross Coupon less than or equal to 8.75% 26 1,617,073.45 4.12
8.75% less than Gross Coupon less than or equal to 9.00% 46 3,201,108.39 8.15
9.00% less than Gross Coupon less than or equal to 9.25% 37 2,372,687.09 6.04
9.25% less than Gross Coupon less than or equal to 9.50% 78 4,796,934.11 12.21
9.50% less than Gross Coupon less than or equal to 9.75% 38 2,607,982.07 6.64
9.75% less than Gross Coupon less than or equal to 10.00% 67 4,583,518.58 11.67
10.00% less than Gross Coupon less than or equal to 10.25% 28 1,933,570.93 4.92
10.25% less than Gross Coupon less than or equal to 10.50% 33 2,182,474.11 5.56
10.50% less than Gross Coupon less than or equal to 10.75% 19 1,313,776.33 3.34
10.75% less than Gross Coupon less than or equal to 11.00% 36 2,463,709.05 6.27
11.00% less than Gross Coupon less than or equal to 11.25% 15 1,143,102.51 2.91
11.25% less than Gross Coupon less than or equal to 11.50% 23 1,538,787.94 3.92
11.50% less than Gross Coupon less than or equal to 11.75% 11 653,806.92 1.66
11.75% less than Gross Coupon less than or equal to 12.00% 29 2,057,018.53 5.24
12.00% less than Gross Coupon less than or equal to 12.25% 8 639,099.30 1.63
12.25% less than Gross Coupon less than or equal to 12.50% 15 1,200,843.97 3.06
12.50% less than Gross Coupon less than or equal to 12.75% 4 315,123.08 0.80
12.75% less than Gross Coupon less than or equal to 13.00% 11 694,101.98 1.77
13.00% less than Gross Coupon less than or equal to 13.25% 3 290,478.19 0.74
13.25% less than Gross Coupon less than or equal to 13.50% 4 238,176.94 0.61
13.75% less than Gross Coupon less than or equal to 14.00% 8 477,067.83 1.21
14.00% less than Gross Coupon less than or equal to 14.25% 3 144,033.62 0.37
14.25% less than Gross Coupon less than or equal to 14.50% 3 151,961.58 0.39
14.50% less than Gross Coupon less than or equal to 14.75% 8 402,300.71 1.02
14.75% less than Gross Coupon less than or equal to 15.00% 6 313,968.90 0.80
15.00% less than Gross Coupon less than or equal to 15.25% 7 349,548.24 0.89
15.25% less than Gross Coupon less than or equal to 15.50% 8 455,726.63 1.16
15.50% less than Gross Coupon less than or equal to 15.75% 4 208,176.01 0.53
15.75% less than Gross Coupon less than or equal to 16.00% 7 325,871.77 0.83
16.00% less than Gross Coupon less than or equal to 16.25% 2 89,588.50 0.23
16.25% less than Gross Coupon less than or equal to 16.50% 1 60,686.67 0.15
16.75% less than Gross Coupon less than or equal to 17.00% 1 48,508.04 0.12
18.50% less than Gross Coupon less than or equal to 19.00% 1 51,548.14 0.13
- --------------------------------------------------------------------------------------------------------
Total.......... 594 $39,277,999.04 100.00%
========================================================================================================
</TABLE>
Loan Summary Stratified by Mortgage Rate Type
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Loans Balance Balance
ARM 18 1,371,685.42 3.49
FIXED 576 37,906,313.62 96.51
- --------------------------------------------------------------------------
Total............... 594 $39,277,999.04 100.00%
==========================================================================
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 STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL TERMSHEETS, AND
WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION IN THE PROSPECTUS SUPPLEMENT.
<PAGE>
Loan Summary Stratified by Next Due Date
Percentage of
Aggregate Cut-Off Date
Next Number of Unpaid Aggregate
Due Mortgage Principal Principal
Date Loans Balance Balance
04/01/99 123 $7,914,458.17 20.15
05/01/99 415 $27,815,553.83 70.82
06/01/99 55 $3,409,757.91 08.68
07/01/99 1 $138,229.13 00.35
- --------------------------------------------------------------------------
Total........ 594 $39,277,999.04 100.00%
==========================================================================
ORIGINAL TERM
<TABLE>
<CAPTION>
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Original Term Loans Balance Balance
<S> <C> <C> <C>
48 less than Orig. Term less than or equal to 60 2 124,030.08 0.32%
72 less than Orig. Term less than or equal to 84 1 62,305.77 0.16%
96 less than Orig. Term less than or equal to 108 1 34,021.66 0.09%
108 less than Orig. Term less than or equal to 120 7 343,727.66 0.88%
120 less than Orig. Term less than or equal to 132 8 480,798.15 1.22%
132 less than Orig. Term less than or equal to 144 3 128,032.35 0.33%
144 less than Orig. Term less than or equal to 156 2 96,422.28 0.25%
156 less than Orig. Term less than or equal to 168 2 113,029.22 0.29%
168 less than Orig. Term less than or equal to 180 240 15,341,200.39 39.06%
180 less than Orig. Term less than or equal to 192 85 5,485,161.43 13.96%
216 less than Orig. Term less than or equal to 228 1 135,114.70 0.34%
228 less than Orig. Term less than or equal to 240 72 4,273,971.97 10.88%
240 less than Orig. Term less than or equal to 252 20 1,496,344.10 3.81%
276 less than Orig. Term less than or equal to 288 1 103,143.85 0.26%
288 less than Orig. Term less than or equal to 300 5 326,989.97 0.83%
300 less than Orig. Term less than or equal to 312 2 204,650.00 0.52%
348 less than Orig. Term less than or equal to 360 130 9,687,565.03 24.66%
360 less than Orig. Term less than or equal to 372 12 841,490.43 2.14%
- -----------------------------------------------------------------------------------------------------
Total............ 594 $39,277,999.04 100.00%
=====================================================================================================
</TABLE>
AGE OF LOAN
<TABLE>
<CAPTION>
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Age Loans Balance Balance
<S> <C> <C> <C>
Age = 0 1 120,150.00 0.31%
0 less than Age less than or equal to 12 339 23,482,124.09 59.78%
12 less than Age less than or equal to 24 168 10,032,790.70 25.54%
24 less than Age less than or equal to 36 41 2,425,849.52 6.18%
36 less than Age less than or equal to 48 21 1,397,219.65 3.56%
48 less than Age less than or equal to 60 16 1,180,685.36 3.01%
60 less than Age less than or equal to 72 5 340,822.71 0.87%
72 less than Age less than or equal to 84 2 204,132.76 0.52%
84 less than Age less than or equal to 96 1 94,224.25 0.24%
- ----------------------------------------------------------------------------------------------
Total............ 594 $39,277,999.04 100.00%
==============================================================================================
</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 STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL TERMSHEETS, AND
WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION IN THE PROSPECTUS SUPPLEMENT.
<PAGE>
REMAINING MONTHS TO STATED MATURITY
<TABLE>
<CAPTION>
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Remaining Term Loans Balance Balance
<S> <C> <C> <C>
24 less than Rem Term less than or equal to 36 1 65,026.81 0.17%
48 less than Rem Term less than or equal to 60 1 59,003.27 0.15%
72 less than Rem Term less than or equal to 84 2 96,327.43 0.25%
84 less than Rem Term less than or equal to 96 3 118,773.43 0.30%
96 less than Rem Term less than or equal to 108 4 227,577.27 0.58%
108 less than Rem Term less than or equal to 120 9 485,648.67 1.24%
120 less than Rem Term less than or equal to 132 8 483,271.51 1.23%
132 less than Rem Term less than or equal to 144 10 578,077.91 1.47%
144 less than Rem Term less than or equal to 156 24 1,256,717.95 3.20%
156 less than Rem Term less than or equal to 168 117 7,157,087.71 18.22%
168 less than Rem Term less than or equal to 180 173 11,731,287.91 29.87%
180 less than Rem Term less than or equal to 192 1 65,062.19 0.17%
192 less than Rem Term less than or equal to 204 2 195,900.12 0.50%
204 less than Rem Term less than or equal to 216 12 781,486.83 1.99%
216 less than Rem Term less than or equal to 228 21 1,129,504.88 2.88%
228 less than Rem Term less than or equal to 240 57 3,786,549.72 9.64%
264 less than Rem Term less than or equal to 276 4 294,867.99 0.75%
276 less than Rem Term less than or equal to 288 1 138,229.13 0.35%
288 less than Rem Term less than or equal to 300 7 495,622.21 1.26%
300 less than Rem Term less than or equal to 312 11 893,918.76 2.28%
312 less than Rem Term less than or equal to 324 9 736,983.45 1.88%
324 less than Rem Term less than or equal to 336 7 431,265.14 1.10%
336 less than Rem Term less than or equal to 348 34 2,309,432.99 5.88%
348 less than Rem Term less than or equal to 360 76 5,760,375.76 14.67%
- ----------------------------------------------------------------------------------------------
Total............ 594 $39,277,999.04 100.00%
==============================================================================================
</TABLE>
YEARS OF ORIGINATION
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Year of Mortgage Principal Principal
Origination Loans Balance Balance
1988 1 94,224.25 0.24
1989 1 14,406.87 0.04
1992 5 529,210.12 1.35
1993 5 289,080.90 0.74
1994 18 1,312,606.52 3.34
1995 13 963,877.18 2.45
1996 39 2,474,451.96 6.30
1997 165 9,877,972.67 25.15
1998 245 16,718,126.29 42.56
1999 102 7,004,042.28 17.83
- --------------------------------------------------------------------------
Total................. 594 $39,277,999.04 100.00%
==========================================================================
Loan Summary Stratified by Amortization
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Amortization Loans Balance Balance
Fully Amortizing 263 17,132,018.33 43.62
Partially Amortizing 331 22,145,980.71 56.38
- --------------------------------------------------------------------------
Total.................. 594 $39,277,999.04 100.00%
==========================================================================
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 STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL TERMSHEETS, AND
WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION IN THE PROSPECTUS SUPPLEMENT.
<PAGE>
ORIGINAL MORTGAGE LOAN AMOUNTS
<TABLE>
<CAPTION>
Percentage of
Aggregate Cut-Off Date
Original Number of Unpaid Aggregate
Mortgage Loan Mortgage Principal Principal
Principal Balance Loans Balance Balance
<S> <C> <C> <C>
25,000 less than Balance less than or equal to 50,000 133 6,151,498.82 15.66
50,000 less than Balance less than or equal to 75,000 333 19,701,154.19 50.16
75,000 less than Balance less than or equal to 100,000 71 6,099,107.89 15.53
100,000 less than Balance less than or equal to 150,000 47 5,596,429.35 14.25
150,000 less than Balance less than or equal to 175,000 6 955,180.54 2.43
175,000 less than Balance less than or equal to 200,000 3 568,378.25 1.45
200,000 less than Balance less than or equal to 250,000 1 206,250.00 0.53
- ----------------------------------------------------------------------------------------------------
Total.................... 594 $39,277,999.04 100.00%
====================================================================================================
</TABLE>
CURRENT MORTGAGE LOAN AMOUNTS
<TABLE>
<CAPTION>
Percentage of
Aggregate Cut-Off Date
Current Number of Unpaid Aggregate
Mortgage Loan Mortgage Principal Principal
Principal Balance Loans Balance Balance
<S> <C> <C> <C>
Balance less than or equal to 25,000 1 14,406.87 0.04
25,000 less than Balance less than or equal to 50,000 146 6,786,865.73 17.28
50,000 less than Balance less than or equal to 75,000 318 18,959,936.47 48.27
75,000 less than Balance less than or equal to 100,000 75 6,451,348.56 16.42
100,000 less than Balance less than or equal to 150,000 44 5,335,632.62 13.58
150,000 less than Balance less than or equal to 175,000 6 955,180.54 2.43
175,000 less than Balance less than or equal to 200,000 3 568,378.25 1.45
200,000 less than Balance less than or equal to 250,000 1 206,250.00 0.53
- ----------------------------------------------------------------------------------------------------
Total.................... 594 $39,277,999.04 100.00%
====================================================================================================
</TABLE>
LIEN SUMMARY
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Loans Balance Balance
1 541 36,451,466.47 92.80
2 53 2,826,532.57 7.20
- --------------------------------------------------------------------------
Total............... 594 $39,277,999.04 100.00%
==========================================================================
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 STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL TERMSHEETS, AND
WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION IN THE PROSPECTUS SUPPLEMENT.
<PAGE>
Original Loan to Value Ratios for the Mortgage Loans
<TABLE>
<CAPTION>
Percentage of
Aggregate Cut-Off Date
Original Number of Unpaid Aggregate
Loan-To-Value Mortgage Principal Principal
Ratio Loans Balance Balance
<S> <C> <C> <C>
10.00 less than LTV less than or equal to 15.00 1 86,611.60 0.22
25.00 less than LTV less than or equal to 30.00 1 44,383.18 0.11
30.00 less than LTV less than or equal to 35.00 7 312,725.96 0.80
35.00 less than LTV less than or equal to 40.00 9 476,613.43 1.21
40.00 less than LTV less than or equal to 45.00 10 518,831.83 1.32
45.00 less than LTV less than or equal to 50.00 17 964,769.94 2.46
50.00 less than LTV less than or equal to 55.00 13 725,914.98 1.85
55.00 less than LTV less than or equal to 60.00 9 534,390.86 1.36
60.00 less than LTV less than or equal to 65.00 12 859,859.02 2.19
65.00 less than LTV less than or equal to 70.00 26 1,824,659.53 4.65
70.00 less than LTV less than or equal to 75.00 73 4,773,271.81 12.15
75.00 less than LTV less than or equal to 80.00 288 19,013,257.29 48.41
80.00 less than LTV less than or equal to 85.00 56 3,696,080.30 9.41
85.00 less than LTV less than or equal to 90.00 45 3,432,742.22 8.74
90.00 less than LTV less than or equal to 95.00 10 646,512.07 1.65
95.00 less than LTV less than or equal to 100.00 9 750,581.59 1.91
100.00 less than LTV less than or equal to 105.00 1 41,654.55 0.11
110.00 less than LTV less than or equal to 115.00 1 43,868.38 0.11
115.00 less than LTV less than or equal to 120.00 1 63,422.79 0.16
120.00 less than LTV less than or equal to 125.00 1 138,229.13 0.35
125.00 less than LTV less than or equal to 130.00 3 277,055.69 0.71
135.00 less than LTV less than or equal to 140.00 1 52,562.89 0.13
- ------------------------------------------------------------------------------------------------
Total.................... 594 $39,277,999.04 100.00%
================================================================================================
</TABLE>
Original Combined Loan to Value Ratios for the Mortgage Loans
<TABLE>
<CAPTION>
Percentage of
Aggregate Cut-Off Date
Combined Number of Unpaid Aggregate
Loan-To-Value Mortgage Principal Principal
Ratio Loans Balance Balance
<S> <C> <C> <C>
10.000 less than Comb LTV less than or equal to 15.000 1 86,611.60 0.22
30.000 less than Comb LTV less than or equal to 35.000 1 14,406.87 0.04
35.000 less than Comb LTV less than or equal to 40.000 1 87,669.98 0.22
45.000 less than Comb LTV less than or equal to 50.000 4 326,503.97 0.83
50.000 less than Comb LTV less than or equal to 55.000 3 188,866.92 0.48
55.000 less than Comb LTV less than or equal to 60.000 3 170,269.62 0.43
60.000 less than Comb LTV less than or equal to 65.000 9 620,157.41 1.58
65.000 less than Comb LTV less than or equal to 70.000 17 1,422,209.02 3.62
70.000 less than Comb LTV less than or equal to 75.000 34 2,231,081.98 5.68
75.000 less than Comb LTV less than or equal to 80.000 82 5,602,741.17 14.26
80.000 less than Comb LTV less than or equal to 85.000 41 2,672,857.23 6.80
85.000 less than Comb LTV less than or equal to 90.000 49 3,558,681.30 9.06
90.000 less than Comb LTV less than or equal to 95.000 36 2,534,480.64 6.45
95.000 less than Comb LTV less than or equal to 100.000 212 13,394,483.12 34.10
100.000 less than Comb LTV less than or equal to 105.000 7 420,934.15 1.07
105.000 less than Comb LTV less than or equal to 110.000 6 345,139.96 0.88
110.000 less than Comb LTV less than or equal to 115.000 3 163,929.80 0.42
115.000 less than Comb LTV less than or equal to 120.000 15 1,034,985.79 2.64
120.000 less than Comb LTV less than or equal to 125.000 62 3,783,781.62 9.63
125.000 less than Comb LTV less than or equal to 130.000 5 389,545.53 0.99
135.000 less than Comb LTV less than or equal to 140.000 2 175,605.21 0.45
140.000 less than Comb LTV less than or equal to 145.000 1 53,056.15 0.14
- --------------------------------------------------------------------------------------------------
Total..................... 594 $39,277,999.04 100.00%
==================================================================================================
(*) There are 292 1st lien loans where the combined LTV reflects a silent 2nd
lien loan not included in the pool
</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 STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL TERMSHEETS, AND
WILL BE SUPERSEDED BY THE STRUCTURAL 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
Arkansas 1 48,644.01 0.12
Colorado 3 200,131.91 0.51
Delaware 1 78,066.49 0.20
Dist of Col 1 128,884.65 0.33
Florida 18 1,295,355.66 3.30
Georgia 12 809,673.47 2.06
Idaho 1 45,000.00 0.11
Illinois 9 675,320.19 1.72
Indiana 11 635,490.08 1.62
Iowa 5 254,938.07 0.65
Kansas 5 328,793.51 0.84
Kentucky 1 129,275.25 0.33
Louisiana 11 722,147.12 1.84
Maine 1 47,128.16 0.12
Maryland 3 222,675.05 0.57
Michigan 11 741,213.58 1.89
Mississippi 10 645,174.33 1.64
Missouri 7 511,853.08 1.30
Montana 1 46,048.86 0.12
Nebraska 1 53,024.43 0.13
New Hampshire 1 108,729.93 0.28
New Jersey 1 206,250.00 0.53
New Mexico 3 253,766.62 0.65
North Carolina 41 3,085,404.23 7.86
Ohio 3 150,278.04 0.38
Oklahoma 4 192,182.37 0.49
Pennsylvania 8 535,540.42 1.36
South Carolina 362 23,678,244.24 60.28
South Dakota 1 56,052.49 0.14
Tennessee 17 1,135,895.49 2.89
Texas 16 918,893.54 2.34
Virginia 14 799,074.12 2.03
Washington 1 47,319.14 0.12
West Virgina 8 433,657.18 1.10
Wyoming 1 57,873.33 0.15
- --------------------------------------------------------------------------
Total............... 594 $ 39,277,999.04 100.00%
==========================================================================
Loan Summary Stratified by Property Type
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Property Loans Balance Balance
Investor Rental Property 13 1,222,322.58 3.11
Mobile/Manufactured Homes 155 8,951,920.74 22.79
Mobile/Manufactured over 5 Acres 18 1,118,525.06 2.85
Primary Financing Only(*) 29 1,508,224.63 3.84
Residential Property 373 25,862,484.37 65.84
Residential Property over 5 Acres 6 614,521.66 1.56
- --------------------------------------------------------------------------
Total............... 594 $39,277,999.04 100.00%
==========================================================================
(*) Equivalent to Single Family Residences
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 STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL TERMSHEETS, AND
WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION IN THE PROSPECTUS SUPPLEMENT.
<PAGE>
LOAN SUMMARY STRATIFIED BY
OWNER OCCUPANCY
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Loans Balance Balance
Owner Occ. 576 37,708,761.92 96.00
Non Owner Occ. 18 1,569,237.12 4.00
- --------------------------------------------------------------------------
Total.................. 594 $39,277,999.04 100.00%
==========================================================================
LOAN SUMMARY STRATIFIED BY
DOCUMENTATION LEVEL
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Loans Balance Balance
Full Documentation 584 38,224,194.17 97.32
Stated Documentation 5 455,463.04 1.16
Lite Documentation 5 598,341.83 1.52
- --------------------------------------------------------------------------
Total.................. 594 $39,277,999.04 100.00%
==========================================================================
Loan Summary Stratified by Loan Purpose
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Loans Balance Balance
Bond for Title 2 96,934.16 0.25
Converted Construction to Permanent 21 1,911,230.33 4.87
Debt Consolidation (Cash Out) 71 4,142,165.98 10.55
Debt Consolidation (No Cash Out) 47 2,940,095.65 7.49
Home Improvement (Cash Out) 19 1,225,747.09 3.12
Home Improvement (No Cash Out) 50 2,719,502.32 6.92
Home Improvement w/Escrow (Cash Out) 6 582,205.43 1.48
Home Improvement w/Escrow (No Cash Out) 9 587,486.73 1.50
Lease Purchase (Cash Out) 1 51,435.99 0.13
Lease Purchase (No Cash Out) 2 134,797.93 0.34
Multi Purpose Refinance (Cash Out) 26 1,838,194.75 4.68
Multi Purpose Refinance (No Cash Out) 17 1,046,215.94 2.66
Purchase Money Mortgage (Cash Out) 19 1,377,407.42 3.51
Purchase Money Mortgage (No Cash Out) 55 3,823,899.49 9.74
Purchase w/Escrow (No Cash Out) 1 58,822.26 0.15
Refinance (Cash Out) 154 10,719,280.90 27.29
Refinance (No Cash Out) 94 6,022,576.67 15.33
- -------------------------------------------------------------------------------
Total.................. 594 $39,277,999.04 100.00%
===============================================================================
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 STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL TERMSHEETS, AND
WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION IN THE PROSPECTUS SUPPLEMENT.
<PAGE>
Risk Categories for Mortgage Loans
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Loans Balance Balance
A 59 3,287,102.03 8.37
A- 222 14,889,101.89 37.91
AA 147 10,003,732.90 25.47
B 82 5,669,167.15 14.43
C 75 4,954,853.14 12.61
D 9 474,041.93 1.21
- --------------------------------------------------------------------------
Total............... 594 $39,277,999.04 100.00%
=========================================================================
Loan Summary Stratified by Origination Method
Number of Total
Origination Mortgage Current Percentage of
Method Loans Balance Pool
Allied 1 107,586.09 0.27
Appletree 3 153,187.19 0.39
Capital City 3 173,539.28 0.44
Central Credit 83 5,734,852.01 14.60
Direct 5 334,582.13 0.85
First Greensborough 1 41,654.55 0.11
Greenville HomeGold 96 6,177,269.69 15.73
Houston HomeGold 4 199,794.34 0.51
Indiana HomeGold 40 2,506,676.88 6.38
Mortgage Grp 2 93,739.07 0.24
Phoenix HomeGold 33 1,827,841.66 4.65
Resource Mortgage 12 840,999.62 2.14
Sterling Lending 22 1,485,322.71 3.78
Wholesale 289 19,600,953.82 49.90
-----------------------------------------------------------------------------
Total.......... 594 $39,277,999.04 100.00%
=============================================================================
BORROWER FICO RANGE
----------------------------------------------------------------------------
<TABLE>
<CAPTION>
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Original Term Loans Balance Balance
<S> <C> <C> <C>
NO FICO STATED 88 6,207,082.42 15.80%
425 less than FICO less than or equal to 450 1 43,028.65 0.11%
450 less than FICO less than or equal to 475 1 55,121.55 0.14%
475 less than FICO less than or equal to 500 6 355,527.29 0.91%
500 less than FICO less than or equal to 525 26 1,615,506.25 4.11%
525 less than FICO less than or equal to 550 47 3,130,607.38 7.97%
550 less than FICO less than or equal to 575 44 2,941,315.89 7.49%
575 less than FICO less than or equal to 600 80 5,293,350.43 13.48%
600 less than FICO less than or equal to 625 82 5,616,555.64 14.30%
625 less than FICO less than or equal to 650 89 5,579,704.38 14.21%
650 less than FICO less than or equal to 675 69 4,494,156.15 11.44%
675 less than FICO less than or equal to 700 32 2,048,184.04 5.21%
700 less than FICO less than or equal to 725 17 1,179,727.21 3.00%
725 less than FICO less than or equal to 750 7 420,613.60 1.07%
750 less than FICO less than or equal to 800 5 297,518.16 0.76%
- -----------------------------------------------------------------------------------------------------
Total............ 594 39,277,999.04 100.00%
=====================================================================================================
</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 STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL TERMSHEETS, AND
WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION IN THE PROSPECTUS SUPPLEMENT.
Loan Summary Stratified by Debt to Income Ratios
<TABLE>
<CAPTION>
Percentage of
Aggregate Cut-Off Date
Original Number of Unpaid Aggregate
Debt to Income Mortgage Principal Principal
Ratio Loans Balance Balance
<S> <C> <C> <C>
10.00 less than DTI less than or equal to 15.00 2 111,567.79 0.28
15.00 less than DTI less than or equal to 20.00 16 1,031,631.49 2.63
20.00 less than DTI less than or equal to 25.00 33 2,134,509.24 5.43
25.00 less than DTI less than or equal to 30.00 54 3,278,860.16 8.35
30.00 less than DTI less than or equal to 35.00 75 4,738,808.58 12.06
35.00 less than DTI less than or equal to 40.00 109 6,993,775.16 17.81
40.00 less than DTI less than or equal to 45.00 161 10,541,656.92 26.84
45.00 less than DTI less than or equal to 50.00 118 8,505,930.96 21.66
50.00 less than DTI less than or equal to 55.00 20 1,591,744.62 4.05
60.00 less than DTI less than or equal to 65.00 3 162,305.09 0.41
65.00 less than DTI less than or equal to 70.00 2 98,323.40 0.25
90.00 less than DTI less than or equal to 95.00 1 88,885.63 0.23
- ------------------------------------------------------------------------------------------------
Total.................... 594 $39,277,999.04 100.00%
================================================================================================
</TABLE>
ADJUSTABLE RATE LOANS ONLY
Adjustable Rate Loan Summary Stratified by Gross Margin
<TABLE>
<CAPTION>
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Gross Mortgage Principal Principal
Margin Loans Balance Balance
<S> <C> <C> <C>
0.000 less than Gross Margin less than or equal to 1.00 1 65,903.63 4.80
3.000 less than Gross Margin less than or equal to 4.00 2 119,923.95 8.74
4.000 less than Gross Margin less than or equal to 5.00 1 75,814.62 5.53
5.000 less than Gross Margin less than or equal to 6.00 4 350,084.42 25.52
6.000 less than Gross Margin less than or equal to 7.00 6 387,217.75 28.23
7.000 less than Gross Margin less than or equal to 8.00 2 232,453.38 16.95
8.000 less than Gross Margin less than or equal to 9.00 2 140,287.67 10.23
- ------------------------------------------------------------------------------------------------
Total................. 18 $1,371,685.42 100.00%
================================================================================================
</TABLE>
Adjustable Rate Loan Summary Stratified by Life Floor
<TABLE>
<CAPTION>
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Gross Mortgage Principal Principal
Life Floor Loans Balance Balance
<S> <C> <C> <C>
0.000 less than Life Floor less than or equal to 1.000 1 65,903.63 4.80
10.000 less than Life Floor less than or equal to 10.500 1 51,859.07 3.78
10.500 less than Life Floor less than or equal to 11.000 3 306,835.33 22.37
11.000 less than Life Floor less than or equal to 11.500 2 112,868.55 8.23
11.500 less than Life Floor less than or equal to 12.000 6 508,467.60 37.07
12.000 less than Life Floor less than or equal to 12.500 1 75,304.49 5.49
12.500 less than Life Floor less than or equal to 13.000 2 105,746.24 7.71
13.000 less than Life Floor less than or equal to 13.500 2 144,700.51 10.55
- -----------------------------------------------------------------------------------------------------
Total................. 18 $1,371,685.42 100.00%
=====================================================================================================
</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 STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL TERMSHEETS, AND
WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION IN THE PROSPECTUS SUPPLEMENT.
<PAGE>
Adjustable Loan Summary Stratified by Life Cap
<TABLE>
<CAPTION>
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Gross Mortgage Principal Principal
Life Cap Loans Balance Balance
<S> <C> <C> <C>
9.500 less than Life Cap less than or equal to 10.000 1 65,903.63 4.80
17.000 less than Life Cap less than or equal to 17.500 14 984,442.78 71.77
17.500 less than Life Cap less than or equal to 18.000 3 321,339.01 23.43
- -----------------------------------------------------------------------------------------------------
Total................. 18 $1,371,685.42 100.00%
=====================================================================================================
</TABLE>
LOAN SUMMARY STRATIFIED BY
PERIODIC INTEREST CAP
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Periodic Cap Loans Balance Balance
2.000 18 1,371,685.42 100.00
- --------------------------------------------------------------------------
Total................. 18 $1,371,685.42 100.00%
==========================================================================
Adjustable Rate Loan Summary Stratified by Interest Adjustment Frequency
Percentage of
Aggregate Cut-Off Date
Interest Number of Unpaid Aggregate
Adjustment Mortgage Principal Principal
Frequency Loans Balance Balance
36 18 1,371,685.42 100.00
- --------------------------------------------------------------------------
Total................. 18 $1,371,685.42 100.00%
==========================================================================
NEXT INTEREST ROLLDATE DATE
Percentage
of Cut-Off
Aggregate Date
Next Number of Unpaid Aggregate
Roll Mortgage Principal Principal
Date Loans Balance Balance
04/01/00 1 $59,440.64 04.33
05/01/00 1 $186,911.38 13.63
07/01/00 1 $75,304.49 05.49
08/01/00 2 $110,153.12 08.03
09/01/00 3 $158,482.79 11.55
10/01/00 1 $43,868.38 03.20
11/01/00 3 $204,433.08 14.90
12/01/00 1 $93,989.83 06.85
02/01/01 1 $94,224.25 06.87
04/01/01 1 $65,903.63 04.80
03/01/02 1 $138,229.13 10.08
04/01/02 1 $88,885.63 06.48
08/01/99 1 $51,859.07 03.78
- --------------------------------------------------------------------------
Total........ 18 $1,371,685.42 100.00%
==========================================================================
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 STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL TERMSHEETS, AND
WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION IN THE PROSPECTUS SUPPLEMENT.
