<PAGE>
EXHIBIT 99.1
<PAGE>
TERM SHEET DATED September 6, 2000
Note: The following is a preliminary Term Sheet. All terms and statements
are subject to change.
$ [150,000,000]
--------------------------------------------------------------------------------
American Business Financial Services
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[AMERICAN BUSINESS FINANCIAL SERVICES LOGO]
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ABFS Mortgage Loan Trust 2000-3
Mortgage-Backed Notes, Series 2000-3
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[PRUDENTIAL SECURITIES LOGO]
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The information provided herein is provided solely to you by Prudential
Securities Incorporated ("PSI") as underwriter for the ABFS Mortgage Loan Trust
2000-3 transaction, and not by, or as agent for, American Business Financial
Services, Inc. ("ABFS" or the "Company") or any of its affiliates. The analysis
in this report is accurate to the best of PSI's knowledge and is based on
information provided by the Company. PSI makes no representations as to the
accuracy of such information provided to it by the Company. 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 its officers,
directors, analysts or employees may have positions in securities, commodities
or derivative instruments thereon referred to herein, and may, as principal or
agent, buy or sell such securities, commodities or derivative instruments. In
addition, PSI may make a market in the securities referred to herein. Neither
the information nor the assumptions reflected herein shall be construed to be,
or constitute, an offer to sell or buy or a solicitation of an offer to sell or
buy any securities, commodities or derivative instruments mentioned herein. No
sale of any securities, commodities or derivative instruments should be
consummated without the purchaser first having received a prospectus and, if
required, prospectus supplement. The Notes are offered by PSI when, as and if
issued, subject to delivery by the Depositor and acceptance by PSI, to prior
sale and to withdrawal, cancellation or modification of the offer without
notice. 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>
ABFS Mortgage Loan Trust 2000-3
Mortgage-Backed Notes, Series 2000-3
$ [150,000,000]
--------------------------------------------------------------------------------
PRELIMINARY INFORMATION ONLY
Offered Notes
Class A
-------------------------------------------------------------
Amount: $150,000,000
-------------------------------------------------------------
Type: Fixed-Rate
-------------------------------------------------------------
Coupon: [TBD]%
-------------------------------------------------------------
Approx. Price [TBD]%
-------------------------------------------------------------
Yield (%): [TBD]%
-------------------------------------------------------------
Spread (bps): [TBD]
-------------------------------------------------------------
Avg Life (To Call): 3.371 yr
-------------------------------------------------------------
Avg Life(To Mat): 3.671 yr
-------------------------------------------------------------
1st Prin Pymt (To Call): 10/15/2000
-------------------------------------------------------------
Last Prin Pymt (To Call): 01/15/09
-------------------------------------------------------------
Last Prin Pymt (To Mat): 01/15/18
-------------------------------------------------------------
Stated Mat: 9/15/2031
-------------------------------------------------------------
Expected Settlement: 09/28/2000
-------------------------------------------------------------
Payment Delay: 14 Days
-------------------------------------------------------------
Interest Payment Basis: 30/360
-------------------------------------------------------------
1st Interest Payment Date: 10/15/2000
-------------------------------------------------------------
Dated Date: 09/01/2000
-------------------------------------------------------------
Cut-off Date (Close of Business): 8/22/2000
-------------------------------------------------------------
Expected Ratings (Moody's/S&P): Aaa/AAA
-------------------------------------------------------------
Pricing Date: [TBD]
-------------------------------------------------------------
Prepayment Speed: 23% HEP
-------------------------------------------------------------
Collateral Type: Fixed-Rate
-------------------------------------------------------------
SMMEA Eligibility: NO
-------------------------------------------------------------
Distribution: DTC
-------------------------------------------------------------
--------------------------------------------------------------------------------
THIS TERMSHEET SUPERSEDES ANY PREVIOUS TERMSHEETS, AND WILL BE SUPERSEDED BY THE
INFORMATION IN THE PROSPECTUS SUPPLEMENT. 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.
[PRUDENTIAL SECURITIES LOGO] PAGE 2
<PAGE>
ABFS Mortgage Loan Trust 2000-3
Mortgage-Backed Notes, Series 2000-3
$ [150,000,000]
--------------------------------------------------------------------------------
DESCRIPTION OF NOTES
Title of Securities: ABFS Mortgage Loan Trust 2000-3, Series 2000-3
Class A Notes (the "Class A Notes" or the "Notes").
Depositor: Prudential Securities Secured Financing Corporation.
Servicer: American Business Credit, Inc,;
Upland Mortgage and New Jersey Mortgage and Investment
Corp. will act as subservicers
Originators: American Business Credit, Inc., Home American Credit,
Inc. d/b/a Upland Mortgage and New Jersey Mortgage and
Investment Corp. originated or purchased the Mortgage
Loans.
Underwriter: Prudential Securities (Sole).
Trustee: The Chase Manhattan Bank.
Aggregate Note Balance: $[150,000,000]
Securities Offered: 100% Ambac-guaranteed notes.
Offering: Public shelf offering - a prospectus and prospectus
supplement will be distributed after pricing.
Pricing Date: [TBD]
Investor Settlement [09/28/2000]
Date:
Form of Notes: Book-Entry form, same-day funds through DTC, Euroclear
and Clearstream, Luxembourg.
Coupon: [TBD]% on Class A Notes
Prepayment Assumption: 23% HEP (2.3% CPR in month 1 with monthly incremental
increases of 2.3% CPR until the speed reaches 23% CPR in
month 10 based on loan seasoning). This means that
seasoned loans will start further up on the prepayment
curve.
Payment Date: The 15th day of each month (or, if any such date is not
a business day, the first business day thereafter)
commencing in October 2000. The payment delay will be 14
days for the Class A Notes.
Collateral Information: The collateral information presented herein is based on
the collateral pool that existed on August 22, 2000,
which collateral pool had a balance of $124,568,256.73.
The actual collateral will be accumulated before the
Settlement Date to reach an expected closing date pool
balance of approximately $150,000,000.00. The
characteristics of such additional collateral are not
expected to be materially different from the collateral
information presented herein, except for the percentage
of second liens which may represent 16% of the aggregate
balance of the closing pool.
--------------------------------------------------------------------------------
THIS TERMSHEET SUPERSEDES ANY PREVIOUS TERMSHEETS, AND WILL BE SUPERSEDED BY THE
INFORMATION IN THE PROSPECTUS SUPPLEMENT. 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.
[PRUDENTIAL SECURITIES LOGO] PAGE 3
<PAGE>
ABFS Mortgage Loan Trust 2000-3
Mortgage-Backed Notes, Series 2000-3
$ [150,000,000]
--------------------------------------------------------------------------------
Servicing Fee: 50 basis points.
Class A Interest With respect to any Payment Date, interest on the Class
Accrual Period: A Notes will accrue during the prior calendar month and
will be calculated based on a 360-day year consisting of
twelve 30-day months.
Optional Cleanup Call: The majority holder of the trust certificates may, at
its option, call the Class A Notes on any payment date
on which the aggregate outstanding principal balance of
the Notes is equal to or less than 10% of the aggregate
original principal balance of the Notes. If such holder
does not exercise its right to call the Notes on the
first payment date on which it is entitled to do so, the
Servicer will have the right to call the Notes.
Coupon Step-up: If the Class A Notes are not called on the first payment
date on which the aggregate outstanding principal
balance of the Notes is equal to or less than 10% of the
aggregate original principal balance of the Notes, the
interest rate payable on the Notes will increase by 50
basis points.
Cashflow Priority: 1. Repayment of unreimbursed Servicer advances;
2. Servicing fee;
3. Trustee fee;
4. Surety fee;
5. Accrued monthly interest for the Class A
Noteholders;
6. Monthly principal to the Class A Noteholders;
7. Repayment of unreimbursed Surety payments;
8. Certain excess cashflow to build
overcollateralization ("O/C") for the Notes;
9. To make a payment for net mortgage loan interest
shortfalls arising due to prepayments in full or
application of the Soldiers' and Sailors' Civil
Relief Act on the Class A Notes;
10. Any remaining excess cashflow to the holders of
the Trust Certificates.
Note Principal Paydown: All principal collected from the collateral is paid to
the Class A Noteholders.
--------------------------------------------------------------------------------
THIS TERMSHEET SUPERSEDES ANY PREVIOUS TERMSHEETS, AND WILL BE SUPERSEDED BY THE
INFORMATION IN THE PROSPECTUS SUPPLEMENT. 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.
[PRUDENTIAL SECURITIES LOGO] PAGE 4
<PAGE>
ABFS Mortgage Loan Trust 2000-3
Mortgage-Backed Notes, Series 2000-3
$ [150,000,000]
--------------------------------------------------------------------------------
CREDIT ENHANCEMENT
Credit Enhancement: 1) 100% wrap from Ambac
2) Overcollateralization
3) Excess monthly cashflow
Note Insurer: Ambac Assurance Corporation ("Ambac").
Ambac's claims-paying ability is rated "Aaa" by Moody's
Investors Service and "AAA" by Standard & Poor's Ratings
Services.
Note Insurance Policy: The Note Insurance Policy will provide 100% coverage of
timely interest and ultimate principal payments due on
the Class A Notes. The Note Insurance Policy does not
insure the net mortgage loan interest shortfalls.
Overcollateralization: The credit enhancement provisions of the Trust are
intended to provide for the acceleration of the Class A
Notes relative to the amortization of the collateral,
generally in the early years of the transaction.
Accelerated amortization is achieved by applying excess
interest collected on the collateral to the payment of
principal on the Notes, resulting in the build up of
overcollateralization ("O/C"). By paying down the
principal balance of the Notes faster than the principal
amortization of the collateral pool, an
overcollateralization amount equal to the excess of the
aggregate principal balance of the collateral pool over
the principal balance of the Notes is created. Beginning
in the first payment date, 100% of the excess cashflow
available from the collateral will be directed to build
O/C until the collateral pool initially reaches its
required O/C target. After the pool initially reaches
its required O/C target, the acceleration feature will
cease, unless it is once again necessary to maintain its
required O/C level. If the required O/C level is not
maintained, 100% of the excess cashflow will be applied
to build O/C, as necessary, to maintain the required O/C
level.
Overcollateralization Initial O/C based on original collateral balance:
Levels (Approx.): [0.00%]
O/C Target based on original collateral balance:
[5.00%]
These O/C percentages are subject to step-downs
beginning in month [37] if certain tests are met.
--------------------------------------------------------------------------------
THIS TERMSHEET SUPERSEDES ANY PREVIOUS TERMSHEETS, AND WILL BE SUPERSEDED BY THE
INFORMATION IN THE PROSPECTUS SUPPLEMENT. 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.
[PRUDENTIAL SECURITIES LOGO] PAGE 5
<PAGE>
ABFS Mortgage Loan Trust 2000-3
Mortgage-Backed Notes, Series 2000-3
$ [150,000,000]
--------------------------------------------------------------------------------
ERISA Considerations: The Class A Notes will be ERISA eligible. Investors
should consult with their counsel with respect to the
consequences under ERISA and the Internal Revenue Code
of a Plan's acquisition and ownership of such Notes.
Taxation: Class A Notes: Debt for tax. The Notes will be issued by
an Owner Trust.
Legal Investment: None of the Class A Notes will be SMMEA-eligible.
Note Ratings: Moody's: "Aaa" for the Class A Notes.
S&P: "AAA" for the Class A Notes.
Prospectus: The Notes are being offered pursuant to a Prospectus
which includes a Prospectus Supplement (together, the
"Prospectus"). Complete information with respect to the
Notes and the initial collateral pool 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 Notes may not be consummated
unless the purchaser has received the Prospectus.
Further Information: Trading: Rob Karr or Chris Skardon at (212) 778-2741
Banking: Rob DiOrio at (212) 778-4231, Abner Figueroa at
(212) 778-1833 or Kenny Rosenberg at
(212) 778-2440
FSG: Howard Blecher at (212) 778-4429 or Shawn
Khani at (212) 778-8691
Copies of Prospectus: Please send an e-mail with client's name, address and
phone number to Kenny Rosenberg at:
[email protected]
--------------------------------------------------------------------------------
THIS TERMSHEET SUPERSEDES ANY PREVIOUS TERMSHEETS, AND WILL BE SUPERSEDED BY THE
INFORMATION IN THE PROSPECTUS SUPPLEMENT. 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.
[PRUDENTIAL SECURITIES LOGO] PAGE 6
<PAGE>
ABFS Mortgage Loan Trust 2000-3
Mortgage-Backed Notes, Series 2000-3
$ [150,000,000]
--------------------------------------------------------------------------------
<TABLE>
<S> <C> <C>
CURRENT BALANCE: $150,000,000.00 DATED DATE: 09/01/00
COUPON: [TBD] ABFS 2000-3 FIRST PAYMENT: 10/15/00
ORIGINAL BALANCE: $150,000,000.00 BOND A BE-YIELD TABLE YIELD TABLE DATE: 09/28/00
PREPAYMENT SPEED
***TO CALL***
</TABLE>
15.00% 20.00% 23.00% 30.00% 35.00%
PRICE HEP HEP HEP HEP HEP
99-24 7.78 7.77 7.77 7.77 7.76
99-24+ 7.77 7.77 7.76 7.76 7.75
99-25 7.77 7.76 7.76 7.75 7.75
99-25+ 7.76 7.76 7.75 7.74 7.74
99-26 7.76 7.75 7.75 7.74 7.73
99-26+ 7.75 7.75 7.74 7.73 7.72
99-27 7.75 7.74 7.74 7.72 7.71
99-27+ 7.74 7.74 7.73 7.72 7.71
99-28 7.74 7.73 7.72 7.71 7.70
99-28+ 7.74 7.73 7.72 7.70 7.69
99-29 7.73 7.72 7.71 7.69 7.68
99-29+ 7.73 7.71 7.71 7.69 7.67
99-30 7.72 7.71 7.70 7.68 7.67
99-30+ 7.72 7.70 7.70 7.67 7.66
99-31 7.71 7.70 7.69 7.67 7.65
99-31+ 7.71 7.69 7.68 7.66 7.64
100-00 7.71 7.69 7.68 7.65 7.63
100-00+ 7.70 7.68 7.67 7.65 7.62
100-01 7.70 7.68 7.67 7.64 7.62
100-01+ 7.69 7.67 7.66 7.63 7.61
100-02 7.69 7.67 7.65 7.62 7.60
100-02+ 7.68 7.66 7.65 7.62 7.59
100-03 7.68 7.66 7.64 7.61 7.58
100-03+ 7.68 7.65 7.64 7.60 7.58
100-04 7.67 7.65 7.63 7.60 7.57
100-04+ 7.67 7.64 7.63 7.59 7.56
100-05 7.66 7.64 7.62 7.58 7.55
100-05+ 7.66 7.63 7.61 7.57 7.54
100-06 7.66 7.63 7.61 7.57 7.54
100-06+ 7.65 7.62 7.60 7.56 7.53
100-07 7.65 7.62 7.60 7.55 7.52
100-07+ 7.64 7.61 7.59 7.55 7.51
First Payment 0.047 0.047 0.047 0.047 0.047
Average Life 4.955 3.842 3.371 2.620 2.246
Last Payment 12.297 9.547 8.297 6.381 5.381
--------------------------------------------------------------------------------
THIS TERMSHEET SUPERSEDES ANY PREVIOUS TERMSHEETS, AND WILL BE SUPERSEDED BY THE
INFORMATION IN THE PROSPECTUS SUPPLEMENT. 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.
[PRUDENTIAL SECURITIES LOGO] PAGE 7
<PAGE>
ABFS Mortgage Loan Trust 2000-3
Mortgage-Backed Notes, Series 2000-3
$ [150,000,000]
--------------------------------------------------------------------------------
COLLATERAL POOL
Cut Off Date 08/22/00
Cut-off Principal Balance: $124,568,256.73
Number of Loans: 1,466
Lien Status: 1st and 2nd Lien Loans
Aggregate Unpaid Principal Balance: $124,568,256.73
Aggregate Original Principal Balance: $124,631,363.81
Weighted Average Gross Coupon: 11.818%
Gross Coupon Range: 9.250% - 17.990%
Average Unpaid Principal Balance: $84,971.53
Average Original Principal Balance: $85,014.57
Maximum Unpaid Principal Balance: $544,000.00
Minimum Unpaid Principal Balance: $9,946.66
Maximum Original Principal Balance: $544,000.00
Minimum Original Principal Balance: $10,000.00
Weighted Avg. Stated Rem. Term (To Mat/Balloon): 247.665
Stated Rem Term Range: 36.000 - 360.000
Weighted Average Age: 0.316
Age Range: 0.000- 120.000
Weighted Average Original Term (To Mat/Balloon): 247.981
Original Term Range: 36.000 - 360.000
Weighted Average Combined LTV: 77.298%
Combined LTV Range: 6.250% - 94.737%
--------------------------------------------------------------------------------
THIS TERMSHEET SUPERSEDES ANY PREVIOUS TERMSHEETS, AND WILL BE SUPERSEDED BY THE
INFORMATION IN THE PROSPECTUS SUPPLEMENT. 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.
[PRUDENTIAL SECURITIES LOGO] PAGE 8
<PAGE>
ABFS Mortgage Loan Trust 2000-3
Mortgage-Backed Notes, Series 2000-3
$ [150,000,000]
--------------------------------------------------------------------------------
GROSS MORTGAGE INTEREST RATE RANGE
Percentage of
Aggregate Cut-Off Date
Gross Mortgage Number of Unpaid Aggregate
Interest Rate Mortgage Principal Principal
Range Loans Balance Balance
9.00% < Gross Coupon <= 9.25% 1 $220,800.00 0.18%
9.25% < Gross Coupon <= 9.50% 2 359,987.23 0.29
9.50% < Gross Coupon <= 9.75% 7 664,746.88 0.53
9.75% < Gross Coupon <= 10.00% 52 7,157,356.93 5.75
10.00% < Gross Coupon <= 10.25% 50 6,013,613.23 4.83
10.25% < Gross Coupon <= 10.50% 97 7,846,271.39 6.30
10.50% < Gross Coupon <= 10.75% 86 8,459,662.34 6.79
10.75% < Gross Coupon <= 11.00% 150 18,052,106.07 14.49
11.00% < Gross Coupon <= 11.25% 95 9,318,297.28 7.48
11.25% < Gross Coupon <= 11.50% 124 10,538,372.39 8.46
11.50% < Gross Coupon <= 11.75% 132 9,758,586.78 7.83
11.75% < Gross Coupon <= 12.00% 131 10,615,442.40 8.52
12.00% < Gross Coupon <= 12.25% 71 5,140,919.39 4.13
12.25% < Gross Coupon <= 12.50% 72 4,561,531.18 3.66
12.50% < Gross Coupon <= 12.75% 51 3,451,819.68 2.77
12.75% < Gross Coupon <= 13.00% 81 4,511,229.36 3.62
13.00% < Gross Coupon <= 13.25% 19 1,052,266.26 0.84
13.25% < Gross Coupon <= 13.50% 37 2,135,046.45 1.71
13.50% < Gross Coupon <= 13.75% 20 1,133,255.28 0.91
13.75% < Gross Coupon <= 14.00% 47 2,089,391.01 1.68
14.00% < Gross Coupon <= 14.25% 19 847,664.09 0.68
14.25% < Gross Coupon <= 14.50% 7 635,206.34 0.51
14.50% < Gross Coupon <= 14.75% 3 106,185.42 0.09
14.75% < Gross Coupon <= 15.00% 4 226,452.38 0.18
15.00% < Gross Coupon <= 15.25% 1 44,000.00 0.04
15.50% < Gross Coupon <= 15.75% 11 1,122,642.59 0.90
15.75% < Gross Coupon <= 16.00% 1 140,000.00 0.11
16.00% < Gross Coupon <= 16.25% 91 8,177,154.38 6.56
16.25% < Gross Coupon <= 16.50% 3 165,250.00 0.13
17.50% < Gross Coupon <= 18.00% 1 23,000.00 0.02
--------------------------------------------------------------------------------
Total.......... 1,466 $ 124,568,256.73 100.00%
================================================================================
--------------------------------------------------------------------------------
THIS TERMSHEET SUPERSEDES ANY PREVIOUS TERMSHEETS, AND WILL BE SUPERSEDED BY THE
INFORMATION IN THE PROSPECTUS SUPPLEMENT. 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.
[PRUDENTIAL SECURITIES LOGO] PAGE 9
<PAGE>
ABFS Mortgage Loan Trust 2000-3
Mortgage-Backed Notes, Series 2000-3
$ [150,000,000]
--------------------------------------------------------------------------------
ORIGINAL TERM
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Original Term Loans Balance Balance
24 < Orig. Term <= 36 3 $142,500.00 0.11%
48 < Orig. Term <= 60 13 549,865.33 0.44
60 < Orig. Term <= 72 1 25,000.00 0.02
72 < Orig. Term <= 84 5 304,200.00 0.24
84 < Orig. Term <= 96 2 69,725.03 0.06
96 < Orig. Term <= 108 2 106,622.57 0.09
108 < Orig. Term <= 120 95 4,141,776.59 3.32
132 < Orig. Term <= 144 2 153,502.64 0.12
144 < Orig. Term <= 156 2 46,804.09 0.04
168 < Orig. Term <= 180 507 42,519,250.62 34.13
192 < Orig. Term <= 204 1 74,307.23 0.06
204 < Orig. Term <= 216 5 405,960.99 0.33
228 < Orig. Term <= 240 482 37,862,617.45 30.40
288 < Orig. Term <= 300 43 4,913,595.95 3.94
336 < Orig. Term <= 348 7 608,158.69 0.49
348 < Orig. Term <= 360 296 32,644,369.55 26.21
-------------------------------------------------------------------
Total............ 1,466 $ 124,568,256.73 100.00%
===================================================================
REMAINING MONTHS TO STATED MATURITY
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Remaining Term Loans Balance Balance
24 < Rem Term <= 36 3 $142,500.00 0.11%
48 < Rem Term <= 60 13 549,865.33 0.44
60 < Rem Term <= 72 1 25,000.00 0.02
72 < Rem Term <= 84 5 304,200.00 0.24
84 < Rem Term <= 96 2 69,725.03 0.06
96 < Rem Term <= 108 2 106,622.57 0.09
108 < Rem Term <= 120 95 4,141,776.59 3.32
132 < Rem Term <= 144 2 153,502.64 0.12
144 < Rem Term <= 156 2 46,804.09 0.04
168 < Rem Term <= 180 507 42,519,250.62 34.13
192 < Rem Term <= 204 1 74,307.23 0.06
204 < Rem Term <= 216 5 405,960.99 0.33
228 < Rem Term <= 240 483 37,897,617.45 30.42
288 < Rem Term <= 300 43 4,913,595.95 3.94
336 < Rem Term <= 348 7 608,158.69 0.49
348 < Rem Term <= 360 295 32,609,369.55 26.18
-------------------------------------------------------------------
Total............ 1,466 $ 124,568,256.73 100.00%
===================================================================
--------------------------------------------------------------------------------
THIS TERMSHEET SUPERSEDES ANY PREVIOUS TERMSHEETS, AND WILL BE SUPERSEDED BY THE
INFORMATION IN THE PROSPECTUS SUPPLEMENT. 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.
[PRUDENTIAL SECURITIES LOGO] PAGE 10
<PAGE>
ABFS Mortgage Loan Trust 2000-3
Mortgage-Backed Notes, Series 2000-3
$ [150,000,000]
--------------------------------------------------------------------------------
ORIGINAL COMBINED LOAN-TO-VALUE RATIOS
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Original CLTV Ratio Loans Balance Balance
5.000 < CLTV <= 10.000 2 $47,000.00 0.04%
10.000 < CLTV <= 15.000 3 60,926.53 0.05
15.000 < CLTV <= 20.000 10 467,909.91 0.38
20.000 < CLTV <= 25.000 5 213,753.03 0.17
25.000 < CLTV <= 30.000 14 659,220.16 0.53
30.000 < CLTV <= 35.000 11 593,974.36 0.48
35.000 < CLTV <= 40.000 10 543,324.60 0.44
40.000 < CLTV <= 45.000 23 1,579,838.96 1.27
45.000 < CLTV <= 50.000 39 2,176,560.01 1.75
50.000 < CLTV <= 55.000 44 3,153,567.45 2.53
55.000 < CLTV <= 60.000 45 3,869,496.19 3.11
60.000 < CLTV <= 65.000 65 4,823,672.79 3.87
65.000 < CLTV <= 70.000 122 10,198,518.10 8.19
70.000 < CLTV <= 75.000 170 12,939,319.71 10.39
75.000 < CLTV <= 80.000 310 26,967,928.04 21.65
80.000 < CLTV <= 85.000 285 27,342,920.06 21.95
85.000 < CLTV <= 90.000 303 28,444,748.52 22.83
90.000 < CLTV <= 95.000 5 485,578.31 0.39
--------------------------------------------------------------------------
Total.................... 1,466 $ 124,568,256.73 100.00%
==========================================================================
--------------------------------------------------------------------------------
THIS TERMSHEET SUPERSEDES ANY PREVIOUS TERMSHEETS, AND WILL BE SUPERSEDED BY THE
INFORMATION IN THE PROSPECTUS SUPPLEMENT. 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.
[PRUDENTIAL SECURITIES LOGO] PAGE 11
<PAGE>
ABFS Mortgage Loan Trust 2000-3
Mortgage-Backed Notes, Series 2000-3
$ [150,000,000]
--------------------------------------------------------------------------------
ORIGINAL MORTGAGE LOAN AMOUNTS
Percentage of
Aggregate Cut-Off Date
Original Number of Unpaid Aggregate
Mortgage Loan Mortgage Principal Principal
Principal Balance Loans Balance Balance
5,000 < Balance <= 10,000 1 $9,946.66 0.01%
10,000 < Balance <= 15,000 1 12,000.00 0.01
15,000 < Balance <= 20,000 12 217,553.62 0.17
20,000 < Balance <= 25,000 59 1,448,504.29 1.16
25,000 < Balance <= 30,000 90 2,549,588.95 2.05
30,000 < Balance <= 35,000 77 2,550,372.33 2.05
35,000 < Balance <= 40,000 93 3,548,559.82 2.85
40,000 < Balance <= 45,000 70 3,029,229.30 2.43
45,000 < Balance <= 50,000 89 4,303,440.82 3.45
50,000 < Balance <= 55,000 77 4,051,913.72 3.25
55,000 < Balance <= 60,000 97 5,632,025.48 4.52
60,000 < Balance <= 65,000 73 4,604,293.58 3.70
65,000 < Balance <= 70,000 65 4,406,955.96 3.54
70,000 < Balance <= 75,000 64 4,664,490.47 3.74
75,000 < Balance <= 80,000 48 3,760,112.33 3.02
80,000 < Balance <= 85,000 44 3,638,231.81 2.92
85,000 < Balance <= 90,000 39 3,427,274.71 2.75
90,000 < Balance <= 95,000 31 2,880,249.54 2.31
95,000 < Balance <= 100,000 41 4,029,357.63 3.23
100,000 < Balance <= 105,000 26 2,665,978.34 2.14
105,000 < Balance <= 110,000 28 3,017,116.25 2.42
110,000 < Balance <= 115,000 13 1,466,283.44 1.18
115,000 < Balance <= 120,000 28 3,295,812.37 2.65
120,000 < Balance <= 125,000 20 2,461,628.75 1.98
125,000 < Balance <= 130,000 23 2,934,694.50 2.36
130,000 < Balance <= 135,000 13 1,719,123.02 1.38
135,000 < Balance <= 140,000 15 2,068,049.60 1.66
140,000 < Balance <= 145,000 19 2,714,440.30 2.18
145,000 < Balance <= 150,000 12 1,776,995.58 1.43
150,000 < Balance <= 200,000 114 19,491,728.56 15.65
200,000 < Balance <= 250,000 53 12,034,775.78 9.66
250,000 < Balance <= 300,000 15 4,123,271.71 3.31
300,000 < Balance <= 350,000 8 2,679,007.51 2.15
350,000 < Balance <= 400,000 4 1,504,250.00 1.21
400,000 < Balance <= 450,000 2 848,000.00 0.68
450,000 < Balance <= 500,000 1 459,000.00 0.37
500,000 < Balance <= 550,000 1 544,000.00 0.44
--------------------------------------------------------------------------
Total.................... 1,466 $ 124,568,256.73 100.00%
==========================================================================
--------------------------------------------------------------------------------
THIS TERMSHEET SUPERSEDES ANY PREVIOUS TERMSHEETS, AND WILL BE SUPERSEDED BY THE
INFORMATION IN THE PROSPECTUS SUPPLEMENT. 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.
[PRUDENTIAL SECURITIES LOGO] PAGE 12
<PAGE>
ABFS Mortgage Loan Trust 2000-3
Mortgage-Backed Notes, Series 2000-3
$ [150,000,000]
--------------------------------------------------------------------------------
CURRENT MORTGAGE LOAN AMOUNTS
Percentage of
Aggregate Cut-Off Date
Current Number of Unpaid Aggregate
Mortgage Loan Mortgage Principal Principal
Principal Balance Loans Balance Balance
5,000 < Balance <= 10,000 1 $9,946.66 0.01%
10,000 < Balance <= 15,000 1 12,000.00 0.01
15,000 < Balance <= 20,000 12 217,553.62 0.17
20,000 < Balance <= 25,000 59 1,448,504.29 1.16
25,000 < Balance <= 30,000 90 2,549,588.95 2.05
30,000 < Balance <= 35,000 78 2,585,305.01 2.08
35,000 < Balance <= 40,000 92 3,513,627.14 2.82
40,000 < Balance <= 45,000 70 3,029,229.30 2.43
45,000 < Balance <= 50,000 90 4,353,158.08 3.49
50,000 < Balance <= 55,000 76 4,002,196.46 3.21
55,000 < Balance <= 60,000 97 5,632,025.48 4.52
60,000 < Balance <= 65,000 73 4,604,293.58 3.70
65,000 < Balance <= 70,000 65 4,406,955.96 3.54
70,000 < Balance <= 75,000 64 4,664,490.47 3.74
75,000 < Balance <= 80,000 48 3,760,112.33 3.02
80,000 < Balance <= 85,000 44 3,638,231.81 2.92
85,000 < Balance <= 90,000 39 3,427,274.71 2.75
90,000 < Balance <= 95,000 31 2,880,249.54 2.31
95,000 < Balance <= 100,000 41 4,029,357.63 3.23
100,000 < Balance <= 105,000 26 2,665,978.34 2.14
105,000 < Balance <= 110,000 28 3,017,116.25 2.42
110,000 < Balance <= 115,000 14 1,580,436.54 1.27
115,000 < Balance <= 120,000 27 3,181,659.27 2.55
120,000 < Balance <= 125,000 20 2,461,628.75 1.98
125,000 < Balance <= 130,000 23 2,934,694.50 2.36
130,000 < Balance <= 135,000 13 1,719,123.02 1.38
135,000 < Balance <= 140,000 16 2,208,028.92 1.77
140,000 < Balance <= 145,000 18 2,574,460.98 2.07
145,000 < Balance <= 150,000 12 1,776,995.58 1.43
150,000 < Balance <= 200,000 114 19,491,728.56 15.65
200,000 < Balance <= 250,000 53 12,034,775.78 9.66
250,000 < Balance <= 300,000 15 4,123,271.71 3.31
300,000 < Balance <= 350,000 8 2,679,007.51 2.15
350,000 < Balance <= 400,000 4 1,504,250.00 1.21
400,000 < Balance <= 450,000 2 848,000.00 0.68
450,000 < Balance <= 500,000 1 459,000.00 0.37
500,000 < Balance <= 550,000 1 544,000.00 0.44
--------------------------------------------------------------------------
Total.................... 1,466 $ 124,568,256.73 100.00%
==========================================================================
--------------------------------------------------------------------------------
THIS TERMSHEET SUPERSEDES ANY PREVIOUS TERMSHEETS, AND WILL BE SUPERSEDED BY THE
INFORMATION IN THE PROSPECTUS SUPPLEMENT. 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.
[PRUDENTIAL SECURITIES LOGO] PAGE 13
<PAGE>
ABFS Mortgage Loan Trust 2000-3
Mortgage-Backed Notes, Series 2000-3
$ [150,000,000]
--------------------------------------------------------------------------------
GEOGRAPHICAL DISTRIBUTION OF MORTGAGED PROPERTIES
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
State Loans Balance Balance
Connecticut 19 $2,463,957.80 1.98%
Delaware 19 1,943,576.26 1.56
Dist of Col 1 101,250.00 0.08
Florida 163 11,827,605.14 9.49
Georgia 61 4,100,505.88 3.29
Illinois 75 6,311,043.52 5.07
Indiana 24 1,612,203.55 1.29
Iowa 9 420,048.45 0.34
Kansas 11 720,229.63 0.58
Kentucky 8 494,972.25 0.40
Maryland 35 4,052,719.46 3.25
Massachusetts 66 6,459,293.10 5.19
Michigan 40 3,372,319.79 2.71
Minnesota 11 1,121,974.16 0.90
Mississippi 15 979,171.59 0.79
Missouri 31 2,574,441.85 2.07
Nebraska 4 369,469.67 0.30
New Hampshire 5 449,000.00 0.36
New Jersey 168 15,015,139.05 12.05
New York 281 30,563,545.83 24.54
North Carolina 50 3,498,798.57 2.81
Ohio 89 5,795,746.68 4.65
Pennsylvania 176 11,348,912.93 9.11
Rhode Island 4 280,489.82 0.23
South Carolina 16 1,294,892.41 1.04
Tennessee 22 1,657,980.84 1.33
Vermont 2 89,000.00 0.07
Virginia 55 5,233,295.59 4.20
West Virginia 1 42,400.00 0.03
Wisconsin 5 374,272.91 0.30
--------------------------------------------------------------------------
Total............... 1,466 $ 124,568,256.73 100.00%
==========================================================================
--------------------------------------------------------------------------------
THIS TERMSHEET SUPERSEDES ANY PREVIOUS TERMSHEETS, AND WILL BE SUPERSEDED BY THE
INFORMATION IN THE PROSPECTUS SUPPLEMENT. 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.
[PRUDENTIAL SECURITIES LOGO] PAGE 14
<PAGE>
ABFS Mortgage Loan Trust 2000-3
Mortgage-Backed Notes, Series 2000-3
$ [150,000,000]
--------------------------------------------------------------------------------
MORTGAGED PROPERTIES
Percentage of
Aggregate Cut-Off Date
Property Type Number of Unpaid Aggregate
Mortgage Principal Principal
Loans Balance Balance
Mixed Use 34 $3,405,167.47 2.73%
PUD 19 2,084,579.14 1.67
Commercial 16 1,753,986.33 1.41
Townhouses 69 3,970,731.24 3.19
2-4 Family 135 14,142,791.96 11.35
Condominiums 48 3,367,382.79 2.70
Single Family Detached 1,121 93,801,596.59 75.30
Single Family Attached 1 129,160.00 0.10
Mobile Home 20 1,330,371.39 1.07
5+ Family 3 582,489.82 0.47
--------------------------------------------------------------------------
Total............... 1,466 $ 124,568,256.73 100.00%
==========================================================================
LOAN SUMMARY STRATIFIED BY OWNER OCCUPANCY
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Owner Occupancy Mortgage Principal Principal
Loans Balance Balance
Owner Occ. 1,352 $114,417,895.66 91.85%
Investor 71 5,457,603.96 4.38
Vacation/Second Home 5 319,900.00 0.26
Commercial 33 3,555,157.11 2.85
Unknown 5 817,700.00 0.66
--------------------------------------------------------------------------
Total.................. 1,466 $124,568,256.73 100.00%
==========================================================================
LIEN SUMMARY
Percentage of
Aggregate Cut-Off Date
Lien Status Number of Unpaid Aggregate
Mortgage Principal Principal
Loans Balance Balance
1 1,161 $107,888,697.03 86.61%
2 305 16,679,559.70 13.39
--------------------------------------------------------------------------
Total............... 1,466 $124,568,256.73 100.00%
==========================================================================
--------------------------------------------------------------------------------
THIS TERMSHEET SUPERSEDES ANY PREVIOUS TERMSHEETS, AND WILL BE SUPERSEDED BY THE
INFORMATION IN THE PROSPECTUS SUPPLEMENT. 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.
[PRUDENTIAL SECURITIES LOGO] PAGE 15
<PAGE>
ABFS Mortgage Loan Trust 2000-3
Mortgage-Backed Notes, Series 2000-3
$ [150,000,000]
--------------------------------------------------------------------------------
LOAN SUMMARY STRATIFIED BY AMORTIZATION
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Amortization Loans Balance Balance
Fully Amortizing 803 $66,396,228.97 53.30%
Partially Amortizing 663 58,172,027.76 46.70
--------------------------------------------------------------------------
Total.................. 1,466 $124,568,256.73 100.00%
==========================================================================
PREPAYMENT PENALTY FLAG
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Penalty Loans Balance Balance
No 160 $11,517,118.66 9.25%
Yes 1306 113,051,138.07 90.75
--------------------------------------------------------------------------
Total............... 1466 $124,568,256.73 100.00%
==========================================================================
--------------------------------------------------------------------------------
THIS TERMSHEET SUPERSEDES ANY PREVIOUS TERMSHEETS, AND WILL BE SUPERSEDED BY THE
INFORMATION IN THE PROSPECTUS SUPPLEMENT. 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.
[PRUDENTIAL SECURITIES LOGO] PAGE 16
