<PAGE>
TERM SHEET DATED June 12, 2000
Note: The following is a preliminary Term Sheet. All terms and statements are
subject to change.
$ [300,000,000]
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American Business Financial Services
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[LOGO]
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ABFS Mortgage Loan Trust 2000-2
Mortgage-Backed Notes, Series 2000-2
[LOGO of Prudential Securities]
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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
2000-2 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 2000-2
Mortgage-Backed Notes, Series 2000-2
$[300,000,000]
--------------------------------------------------------------------------------
PRELIMINARY INFORMATION ONLY
Offered Notes
---------------------------------------------------
Class A-1 Class A-2
---------------------------------------------------
Amount: $255,000,000 $45,000,000
---------------------------------------------------
Type: Fixed-Rate Floating-Rate
---------------------------------------------------
Coupon: [TBD]% [TBD]%
---------------------------------------------------
Approx. Price [TBD]% [TBD]%
---------------------------------------------------
Yield (%): [TBD]% [TBD]%
---------------------------------------------------
Spread (bps): [TBD] [TBD]
---------------------------------------------------
Avg Life (To Call): 3.335 yr 3.335 yr
---------------------------------------------------
Avg Life(To Mat): 3.635 yr 3.635 yr
---------------------------------------------------
1st Prin Pymt (To 7/15/2000 7/15/2000
Call):
---------------------------------------------------
Last Prin Pymt (To 10/15/2008 10/15/2008
Call):
---------------------------------------------------
Last Prin Pymt (To 9/15/2017 9/15/2017
Mat):
---------------------------------------------------
Stated Mat: 9/15/2031 9/15/2031
---------------------------------------------------
Expected Settlement: 06/29/2000 06/29/2000
---------------------------------------------------
Payment Delay: 14 Days 0 Days
---------------------------------------------------
Interest Payment 30/360 Act/360
Basis:
---------------------------------------------------
1st Interest Payment 07/15/2000 07/15/2000
Date:
---------------------------------------------------
Dated Date: 06/01/2000 06/29/2000
---------------------------------------------------
Cut-off Date (Close 5/22/2000 5/22/2000
of Business):
---------------------------------------------------
Expected Ratings Aaa/AAA Aaa/AAA
(Moody's/S&P):
---------------------------------------------------
Pricing Date: [TBD] [TBD]
---------------------------------------------------
Prepayment Speed: 23% HEP 23% HEP
---------------------------------------------------
Collateral Type: Fixed-Rate Fixed-Rate
---------------------------------------------------
SMMEA Eligibility: NO NO
---------------------------------------------------
Distribution: DTC 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.
[GRAPHIC OMITTED] PAGE 2
<PAGE>
ABFS Mortgage Loan Trust 2000-2
Mortgage-Backed Notes, Series 2000-2
$[300,000,000]
--------------------------------------------------------------------------------
DESCRIPTION OF NOTES
Title of Securities: ABFS Mortgage Loan Trust 2000-2, Series 2000-2
Class A-1and Class A-2 (the "Class A 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.
Trustee: The Chase Manhattan Bank.
Aggregate Note Balance: $[300,000,000]
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 Date:
[06/29/2000]
Form of Notes: Book-Entry form, same-day funds through DTC, Euroclear
and Clearstream, Luxembourg.
Coupon: [TBD]% on Class A-1 Notes
One Month LIBOR + [TBD]% on Class A-2 Notes*
* Limited to Available Funds Cap
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 July 2000. The payment delay will be 14
days for the Class A-1 and 0 days for the Class A-2
Notes.
Collateral Information: The collateral information presented herein is based on
the collateral pool that existed on May 22, 2000, which
collateral pool had a balance of $148,221,706.48. The
actual collateral will be accumulated before the
Settlement Date to reach an expected closing date pool
balance of $[227,732,793.53]. The characteristics of
such additional collateral are not expected to be
materially different from the collateral information
presented herein.
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.
[GRAPHIC OMITTED] PAGE 3
<PAGE>
ABFS Mortgage Loan Trust 2000-2
Mortgage-Backed Notes, Series 2000-2
$[300,000,000]
--------------------------------------------------------------------------------
Pre-funding Account: On the Settlement Date, an aggregate cash amount (the
"Pre-funded Amount"), which will equal approximately
$[75,910,931.17 ] will be deposited in the Pre-funding
Account. During the period ("the Funding Period")
from the Settlement Date until the earlier of: (i) the
date on which the amount in the Pre-funding Account is
less than $100,000, (ii) the date on which any
Servicer default occurs, or (iii) [August 30, 2000],
the Pre-funding Amount will remain in the Pre-funding
Account. The Pre-funding Account will be reduced
during the Funding Period by amounts used to purchase
subsequent mortgages in accordance with the
Indenture. Any Pre-funded Amount remaining at the end
of the Funding Period (net of reinvestment income
payable to the Trust Certificateholders) will be
distributed pro-rata to the Class A-1 and Class A-2
Noteholders on the [September 15, 2000] Payment Date
as a partial prepayment of principal on the Notes.
Servicing Fee: 50 basis points.
Class A-1 Interest Accrual Period:
With respect to any Payment Date, interest on the Class
A-1 will accrue during the prior calendar month and will
be calculated based on a 360-day year consisting of
twelve 30-day months.
Class A-2 Interest Accrual Period:
With respect to the first Payment Date, interest will
accrue from the Settlement Date to but excluding the
Payment Date in July. In future periods, interest will
accrue on the Class A-2 Notes from the preceding Payment
Date to but excluding the current Payment Date.
Optional Cleanup Call: The Servicer may call the Class A Notes on any Payment
Date when the aggregate outstanding principal balance of
the Class A Notes is less than or equal to 10% of its
original principal balance.
Coupon Step-up: Class A-1 and Class A-2 are priced to call. If the
Servicer does not exercise the Cleanup Call, the Coupon
on Class A-1 will increase by 50 basis points and the
LIBOR Rate on Class A-2 will equal One Month LIBOR + (2
x [TBD]%).
Cashflow Priority: 1) Repayment of unreimbursed Servicer advances;
2) Servicing fee;
3) Trustee fee;
4) Surety fee;
5) Accrued monthly interest, pro-rata, for the Class
A-1 and Class A-2 Noteholders;
6) Monthly principal, pro-rata, to the Class A-1and
Class A-2 Noteholders;
7) Repayment of unreimbursed Surety payments;
8) Certain excess cashflow to build
overcollateralization ("O/C") for the Notes;
9) To make a pro-rata 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-1 and Class A-2
Notes;
10) To pay any outstanding LIBOR Interest
Carryforward;
11) Any remaining excess cashflow to the holders of
the Trust Certificates.
Note Principal Paydown: All principal collected from the collateral is paid
pro-rata to the Class A-1 and Class A-2 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.
[GRAPHIC OMITTED] PAGE 4
<PAGE>
ABFS Mortgage Loan Trust 2000-2
Mortgage-Backed Notes, Series 2000-2
$[300,000,000]
--------------------------------------------------------------------------------
Limited Coverage of Interest
to Class A-2 by Note
Insurance Policy: The Note Insurer will insure payment of
Class A-2 interest only up to the Available Funds
Cap.
The "Available Funds Cap" is a rate equal to the
weighted average gross coupon rate on the Mortgage Loans
for such Payment Date less the Expense Fee Rate and the
Credit Spread Rate.
Expense Fee Rate = [0.70875]% for servicing fee, trustee
fee and surety fee.
Credit Spread Rate = [0.75]% to provide excess spread
for building overcollateralization and for covering any
losses which may occur.
LIBOR Interest Carryforward:
If, on any Payment Date, the amount of interest
(calculated at the LIBOR Rate) due to Class A-2 is
limited to the Available Funds Cap, it may be repaid as
set forth below. The excess of (i) the amount of
interest Class A-2 would be entitled to receive on such
Payment Date at the then applicable LIBOR Rate over (ii)
the amount of accrued interest for such Payment Date at
the Available Funds Cap, together with the unpaid
portion of any such excess from prior Payment Dates (and
interest accrued thereon at the then applicable LIBOR
Rate) is referred to as the LIBOR Interest Carryforward.
Any LIBOR Interest Carryforward will be paid on such
Payment Date in accordance with the Cashflow Priority
described above or carried forward to the next Payment
Date until paid in accordance with such cashflow
priority. The LIBOR Interest Carryforward will not be
insured by the Ambac guarantee.
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.
[GRAPHIC OMITTED] PAGE 5
<PAGE>
ABFS Mortgage Loan Trust 2000-2
Mortgage-Backed Notes, Series 2000-2
$[300,000,000]
--------------------------------------------------------------------------------
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 LIBOR Interest Carryforward amount or 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 Levels (Approx.):
Initial O/C based on original collateral balance:[1.20%]
O/C Target based on original collateral balance: [6.05%]
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.
[GRAPHIC OMITTED] PAGE 6
<PAGE>
ABFS Mortgage Loan Trust 2000-2
Mortgage-Backed Notes, Series 2000-2
$[300,000,000]
--------------------------------------------------------------------------------
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 all Class A Notes.
S&P: "AAA" for all 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, Evan Mitnick
at (212) 778-7469, Abner Figueroa at (212)
778-1833 or Kenny Rosenberg at (212)
778-2440.
FSG: Howard Blecher at (212) 778-4429, Wendy
Liu at (212) 778-4876, or Plamen Mitrikov
at (212) 778-2612.
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.
[GRAPHIC OMITTED] PAGE 7
<PAGE>
ABFS Mortgage Loan Trust 2000-2
Mortgage-Backed Notes, Series 2000-2
$[300,000,000]
--------------------------------------------------------------------------------
Projected Available Funds Cap for Class A-2
GROSS WAC - SERVICING, TRUSTEE & SURETY FEES [70.875] bps - [75] bps CARVE-OUT*
(Using 30/360 Day Count)
DATE COUPON
--------------
07/00 9.577
08/00 9.574
09/00 10.447
10/00 10.447
11/00 10.447
12/00 10.447
01/01 10.447
02/01 10.447
03/01 10.447
04/01 10.447
05/01 10.446
06/01 10.446
07/01 10.446
08/01 10.446
09/01 10.446
10/01 10.445
11/01 10.445
12/01 10.445
01/02 10.445
02/02 10.445
03/02 10.444
04/02 10.444
05/02 10.444
06/02 10.444
07/02 10.444
08/02 10.443
09/02 10.443
10/02 10.443
11/02 10.443
12/02 10.442
01/03 10.442
02/03 10.442
03/03 10.442
04/03 10.442
05/03 10.441
06/03 10.441
07/03 10.441
08/03 10.441
09/03 10.440
10/03 10.440
11/03 10.440
12/03 10.439
01/04 10.439
02/04 10.439
03/04 10.439
04/04 10.438
05/04 10.438
06/04 10.438
07/04 10.437
08/04 10.437
09/04 10.437
10/04 10.437
11/04 10.436
12/04 10.436
01/05 10.436
02/05 10.435
03/05 10.435
04/05 10.435
05/05 10.434
06/05 10.434
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.
[GRAPHIC OMITTED] PAGE 8
<PAGE>
ABFS Mortgage Loan Trust 2000-2
Mortgage-Backed Notes, Series 2000-2
$[300,000,000]
--------------------------------------------------------------------------------
CURRENT BALANCE: $255,000,000.00 DATED DATE: 06/01/00
COUPON: [TBD] FIRST PAYMENT: 07/15/00
ORIGINAL BALANCE: $255,000,000.00 YIELD TABLE DATE: 06/29/00
abfs002
BOND A1 BE-YIELD TABLE
PREPAYMENT SPEED
***TO CALL***
15.00% 20.00% 23.00% 30.00% 35.00%
PRICE HEP HEP HEP HEP HEP
99-24 8.21 8.21 8.20 8.20 8.19
99-24+ 8.20 8.20 8.20 8.19 8.18
99-25 8.20 8.19 8.19 8.18 8.18
99-25+ 8.20 8.19 8.19 8.18 8.17
99-26 8.19 8.18 8.18 8.17 8.16
99-26+ 8.19 8.18 8.17 8.16 8.15
99-27 8.18 8.17 8.17 8.15 8.14
99-27+ 8.18 8.17 8.16 8.15 8.13
99-28 8.17 8.16 8.16 8.14 8.13
99-28+ 8.17 8.16 8.15 8.13 8.12
99-29 8.17 8.15 8.14 8.12 8.11
99-29+ 8.16 8.15 8.14 8.12 8.10
99-30 8.16 8.14 8.13 8.11 8.09
99-30+ 8.15 8.14 8.13 8.10 8.08
99-31 8.15 8.13 8.12 8.09 8.08
99-31+ 8.14 8.13 8.11 8.09 8.07
100-00 8.14 8.12 8.11 8.08 8.06
100-00+ 8.13 8.11 8.10 8.07 8.05
100-01 8.13 8.11 8.10 8.07 8.04
100-01+ 8.13 8.10 8.09 8.06 8.03
100-02 8.12 8.10 8.08 8.05 8.03
100-02+ 8.12 8.09 8.08 8.04 8.02
100-03 8.11 8.09 8.07 8.04 8.01
100-03+ 8.11 8.08 8.07 8.03 8.00
100-04 8.10 8.08 8.06 8.02 7.99
100-04+ 8.10 8.07 8.06 8.01 7.98
100-05 8.10 8.07 8.05 8.01 7.98
100-05+ 8.09 8.06 8.04 8.00 7.97
100-06 8.09 8.06 8.04 7.99 7.96
100-06+ 8.08 8.05 8.03 7.99 7.95
100-07 8.08 8.05 8.03 7.98 7.94
100-07+ 8.07 8.04 8.02 7.97 7.93
First Payment 0.044 0.044 0.044 0.044 0.044
Average Life 4.919 3.805 3.335 2.575 2.201
Last Payment 12.294 9.544 8.294 6.294 5.294
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.
[GRAPHIC OMITTED] PAGE 9
<PAGE>
ABFS Mortgage Loan Trust 2000-2
Mortgage-Backed Notes, Series 2000-2
$[300,000,000]
--------------------------------------------------------------------------------
CURRENT BALANCE: $45,000,000.00 DATED DATE: 06/29/00
CURRENT COUPON: [TBD] FIRST PAYMENT: 07/15/00
ORIGINAL BALANCE: $45,000,000.00 YIELD TABLE DATE: 06/29/00
abre002
BOND A2 DISCOUNT MARGIN ACT/360 TABLE
ASSUMED CONSTANT LIBOR-1M 6.6413
***TO CALL***
15.00% 20.00% 23.00% 30.00% 35.00%
PRICE HEP HEP HEP HEP HEP
99-24 41.51 42.96 43.86 46.00 47.60
99-24+ 41.10 42.46 43.30 45.31 46.81
99-25 40.70 41.96 42.75 44.62 46.02
99-25+ 40.29 41.46 42.19 43.93 45.23
99-26 39.88 40.97 41.64 43.25 44.45
99-26+ 39.47 40.47 41.08 42.56 43.66
99-27 39.07 39.97 40.53 41.87 42.87
99-27+ 38.66 39.47 39.98 41.18 42.08
99-28 38.25 38.98 39.42 40.49 41.29
99-28+ 37.85 38.48 38.87 39.81 40.51
99-29 37.44 37.98 38.32 39.12 39.72
99-29+ 37.03 37.48 37.76 38.43 38.93
99-30 36.63 36.99 37.21 37.75 38.15
99-30+ 36.22 36.49 36.66 37.06 37.36
99-31 35.81 35.99 36.11 36.37 36.57
99-31+ 35.41 35.50 35.55 35.69 35.79
100-00 35.00 35.00 35.00 35.00 35.00
100-00+ 34.59 34.50 34.45 34.31 34.21
100-01 34.19 34.01 33.90 33.63 33.43
100-01+ 33.78 33.51 33.34 32.94 32.64
100-02 33.38 33.02 32.79 32.26 31.86
100-02+ 32.97 32.52 32.24 31.57 31.07
100-03 32.57 32.02 31.69 30.89 30.29
100-03+ 32.16 31.53 31.14 30.20 29.50
100-04 31.75 31.03 30.59 29.52 28.72
100-04+ 31.35 30.54 30.03 28.83 27.93
100-05 30.94 30.04 29.48 28.15 27.15
100-05+ 30.54 29.55 28.93 27.46 26.37
100-06 30.13 29.05 28.38 26.78 25.58
100-06+ 29.73 28.56 27.83 26.10 24.80
100-07 29.32 28.06 27.28 25.41 24.02
100-07+ 28.92 27.57 26.73 24.73 23.23
First Payment 0.044 0.044 0.044 0.044 0.044
Average Life 4.919 3.805 3.335 2.575 2.201
Last Payment 12.294 9.544 8.294 6.294 5.294
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.
[GRAPHIC OMITTED] PAGE 10
<PAGE>
ABFS Mortgage Loan Trust 2000-2
Mortgage-Backed Notes, Series 2000-2
$[300,000,000]
--------------------------------------------------------------------------------
COLLATERAL POOL
--------------------------------------------------------------------------------
Cut Off Date 5/22/00
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Cut-off Principal Balance: $148,221,706.48
--------------------------------------------------------------------------------
Number of Loans: 1,955
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Lien Status: 1st and 2nd Lien Loans
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Aggregate Unpaid Principal Balance: $148,221,706.48
--------------------------------------------------------------------------------
Aggregate Original Principal Balance: $148,360,587.20
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Weighted Average Gross Coupon: 11.906%
--------------------------------------------------------------------------------
Gross Coupon Range: 9.250% - 17.250%
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Average Unpaid Principal Balance: $75,816.73
--------------------------------------------------------------------------------
Average Original Principal Balance: $75,887.77
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Maximum Unpaid Principal Balance: $549,940.77
--------------------------------------------------------------------------------
Minimum Unpaid Principal Balance: $9,805.41
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Maximum Original Principal Balance: $550,000.00
--------------------------------------------------------------------------------
Minimum Original Principal Balance: $10,000.00
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Weighted Avg. Stated Rem. Term (LPD to
Mat Date): 253.193
--------------------------------------------------------------------------------
Stated Rem Term Range: 36.000 - 360.000
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Weighted Average Age: 0.491
--------------------------------------------------------------------------------
Age Range: 0.000 - 3.000
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Weighted Average Original Term: 253.684 (1)
--------------------------------------------------------------------------------
Original Term Range: 36.000 - 360.000
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Weighted Average Combined LTV: 76.546%
--------------------------------------------------------------------------------
Combined LTV Range: 7.000% - 100.000%
--------------------------------------------------------------------------------
(1) Balloons to balloon term
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.
[GRAPHIC OMITTED] PAGE 11
<PAGE>
ABFS Mortgage Loan Trust 2000-2
Mortgage-Backed Notes, Series 2000-2
$[300,000,000]
--------------------------------------------------------------------------------
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>
9.00% less than Gross Coupon less than or equal to 9.25% 3 371,641.67 0.25
9.25% less than Gross Coupon less than or equal to 9.50% 10 1,073,027.96 0.72
9.50% less than Gross Coupon less than or equal to 9.75% 16 2,170,012.46 1.46
9.75% less than Gross Coupon less than or equal to 10.00% 86 8,380,157.37 5.65
10.00% less than Gross Coupon less than or equal to 10.25% 60 5,322,392.16 3.59
10.25% less than Gross Coupon less than or equal to 10.50% 140 11,913,868.02 8.04
10.50% less than Gross Coupon less than or equal to 10.75% 100 9,701,738.32 6.55
10.75% less than Gross Coupon less than or equal to 11.00% 183 17,417,073.26 11.75
11.00% less than Gross Coupon less than or equal to 11.25% 124 10,859,695.01 7.33
11.25% less than Gross Coupon less than or equal to 11.50% 171 13,153,475.07 8.87
11.50% less than Gross Coupon less than or equal to 11.75% 174 12,301,145.48 8.30
11.75% less than Gross Coupon less than or equal to 12.00% 148 10,987,958.08 7.41
12.00% less than Gross Coupon less than or equal to 12.25% 89 5,787,464.77 3.90
12.25% less than Gross Coupon less than or equal to 12.50% 81 5,078,446.20 3.43
12.50% less than Gross Coupon less than or equal to 12.75% 73 3,713,208.78 2.51
12.75% less than Gross Coupon less than or equal to 13.00% 87 4,785,495.83 3.23
13.00% less than Gross Coupon less than or equal to 13.25% 41 1,959,309.13 1.32
13.25% less than Gross Coupon less than or equal to 13.50% 45 1,817,213.58 1.23
13.50% less than Gross Coupon less than or equal to 13.75% 32 1,137,350.37 0.77
13.75% less than Gross Coupon less than or equal to 14.00% 50 2,524,803.98 1.70
14.00% less than Gross Coupon less than or equal to 14.25% 33 1,321,278.17 0.89
14.25% less than Gross Coupon less than or equal to 14.50% 15 746,519.20 0.50
14.50% less than Gross Coupon less than or equal to 14.75% 11 798,381.10 0.54
14.75% less than Gross Coupon less than or equal to 15.00% 12 988,158.65 0.67
15.00% less than Gross Coupon less than or equal to 15.25% 18 787,967.95 0.53
15.50% less than Gross Coupon less than or equal to 15.75% 18 1,291,968.88 0.87
15.75% less than Gross Coupon less than or equal to 16.00% 7 842,566.69 0.57
16.00% less than Gross Coupon less than or equal to 16.25% 123 10,277,388.34 6.93
16.50% less than Gross Coupon less than or equal to 16.75% 1 182,000.00 0.12
16.75% less than Gross Coupon less than or equal to 17.00% 1 105,000.00 0.07
17.00% less than Gross Coupon less than or equal to 17.25% 3 425,000.00 0.29
------------------------------------------------------------------------------------------------------------
Total.......... 1,955 $ 148,221,706.48 100.00%
============================================================================================================
</TABLE>
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.
[GRAPHIC OMITTED] PAGE 12
<PAGE>
ABFS Mortgage Loan Trust 2000-2
Mortgage-Backed Notes, Series 2000-2
$[300,000,000]
--------------------------------------------------------------------------------
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 2 60,000.00 0.04%
48 less than Orig. Term less than or equal to 60 19 679,089.19 0.46%
60 less than Orig. Term less than or equal to 72 1 9,805.41 0.01%
72 less than Orig. Term less than or equal to 84 9 428,950.74 0.29%
84 less than Orig. Term less than or equal to 96 2 65,900.00 0.04%
96 less than Orig. Term less than or equal to 108 6 174,617.56 0.12%
108 less than Orig. Term less than or equal to 120 126 5,869,188.38 3.96%
120 less than Orig. Term less than or equal to 132 1 103,821.21 0.07%
132 less than Orig. Term less than or equal to 144 5 303,806.91 0.20%
144 less than Orig. Term less than or equal to 156 6 169,545.18 0.11%
168 less than Orig. Term less than or equal to 180 682 47,894,575.39 32.31%
180 less than Orig. Term less than or equal to 192 1 56,000.00 0.04%
192 less than Orig. Term less than or equal to 204 1 66,604.53 0.04%
204 less than Orig. Term less than or equal to 216 6 292,861.97 0.20%
228 less than Orig. Term less than or equal to 240 562 40,226,877.47 27.14%
240 less than Orig. Term less than or equal to 252 2 83,800.00 0.06%
288 less than Orig. Term less than or equal to 300 49 4,835,380.70 3.26%
336 less than Orig. Term less than or equal to 348 9 893,274.59 0.60%
348 less than Orig. Term less than or equal to 360 466 46,007,607.25 31.04%
--------------------------------------------------------------------------------------------------
Total............ 1,955 $ 148,221,706.48 100.00%
==================================================================================================
</TABLE>
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 2 60,000.00 0.04%
48 less than Rem Term less than or equal to 60 19 679,089.19 0.46%
60 less than Rem Term less than or equal to 72 1 9,805.41 0.01%
72 less than Rem Term less than or equal to 84 9 428,950.74 0.29%
84 less than Rem Term less than or equal to 96 2 65,900.00 0.04%
96 less than Rem Term less than or equal to 108 6 174,617.56 0.12%
108 less than Rem Term less than or equal to 120 126 5,869,188.38 3.96%
120 less than Rem Term less than or equal to 132 1 103,821.21 0.07%
132 less than Rem Term less than or equal to 144 5 303,806.91 0.20%
144 less than Rem Term less than or equal to 156 6 169,545.18 0.11%
168 less than Rem Term less than or equal to 180 682 47,894,575.39 32.31%
180 less than Rem Term less than or equal to 192 1 56,000.00 0.04%
192 less than Rem Term less than or equal to 204 1 66,604.53 0.04%
204 less than Rem Term less than or equal to 216 6 292,861.97 0.20%
228 less than Rem Term less than or equal to 240 562 40,226,877.47 27.14%
240 less than Rem Term less than or equal to 252 2 83,800.00 0.06%
288 less than Rem Term less than or equal to 300 49 4,835,380.70 3.26%
336 less than Rem Term less than or equal to 348 9 893,274.59 0.60%
348 less than Rem Term less than or equal to 360 466 46,007,607.25 31.04%
-------------------------------------------------------------------------------------------------
Total............ 1,955 $ 148,221,706.48 100.00%
=================================================================================================
</TABLE>
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.
[GRAPHIC OMITTED] PAGE 13
<PAGE>
ABFS Mortgage Loan Trust 2000-2
Mortgage-Backed Notes, Series 2000-2
$[300,000,000]
--------------------------------------------------------------------------------
ORIGINAL COMBINED LOAN-TO-VALUE RATIOS
<TABLE>
<CAPTION>
Percentage of
Aggregate Cut-Off Date
Original Number of Unpaid Aggregate
CLTV Mortgage Principal Principal
Ratio Loans Balance Balance
<S> <C> <C> <C>
5.00 less than LTV less than or equal to 10.00 3 150,747.89 0.10
10.00 less than LTV less than or equal to 15.00 8 218,206.40 0.15
15.00 less than LTV less than or equal to 20.00 7 241,865.52 0.16
20.00 less than LTV less than or equal to 25.00 15 610,778.07 0.41
25.00 less than LTV less than or equal to 30.00 16 1,039,588.24 0.70
30.00 less than LTV less than or equal to 35.00 15 795,171.06 0.54
35.00 less than LTV less than or equal to 40.00 23 1,380,879.45 0.93
40.00 less than LTV less than or equal to 45.00 27 1,407,494.24 0.95
45.00 less than LTV less than or equal to 50.00 48 3,686,235.25 2.49
50.00 less than LTV less than or equal to 55.00 48 2,958,608.86 2.00
55.00 less than LTV less than or equal to 60.00 67 4,898,857.32 3.31
60.00 less than LTV less than or equal to 65.00 114 8,340,343.97 5.63
65.00 less than LTV less than or equal to 70.00 164 11,952,879.84 8.06
70.00 less than LTV less than or equal to 75.00 198 14,387,628.72 9.71
75.00 less than LTV less than or equal to 80.00 440 36,634,562.27 24.72
80.00 less than LTV less than or equal to 85.00 369 28,927,633.87 19.52
85.00 less than LTV less than or equal to 90.00 332 27,339,772.69 18.45
90.00 less than LTV less than or equal to 95.00 13 935,866.86 0.63
95.00 less than LTV less than or equal to 100.00 48 2,314,585.96 1.56
------------------------------------------------------------------------------------------------------
Total.................... 1,955 $148,221,706.48 100.00%
======================================================================================================
</TABLE>
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.
[GRAPHIC OMITTED] PAGE 14
<PAGE>
ABFS Mortgage Loan Trust 2000-2
Mortgage-Backed Notes, Series 2000-2
$[300,000,000]
--------------------------------------------------------------------------------
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>
5,000 less than Balance less than or equal to 10,000 3 29,657.90 0.02
10,000 less than Balance less than or equal to 15,000 27 361,322.04 0.24
15,000 less than Balance less than or equal to 20,000 52 961,282.39 0.65
20,000 less than Balance less than or equal to 25,000 119 2,819,361.31 1.90
25,000 less than Balance less than or equal to 30,000 134 3,792,727.13 2.56
30,000 less than Balance less than or equal to 35,000 159 5,268,725.84 3.55
35,000 less than Balance less than or equal to 40,000 128 4,871,359.02 3.29
40,000 less than Balance less than or equal to 45,000 105 4,504,122.49 3.04
45,000 less than Balance less than or equal to 50,000 131 6,343,372.82 4.28
50,000 less than Balance less than or equal to 55,000 89 4,702,303.41 3.17
55,000 less than Balance less than or equal to 60,000 105 6,085,246.82 4.11
60,000 less than Balance less than or equal to 65,000 78 4,918,867.40 3.32
65,000 less than Balance less than or equal to 70,000 67 4,575,115.08 3.09
70,000 less than Balance less than or equal to 75,000 71 5,178,712.24 3.49
75,000 less than Balance less than or equal to 80,000 66 5,147,829.04 3.47
80,000 less than Balance less than or equal to 85,000 56 4,637,692.96 3.13
85,000 less than Balance less than or equal to 90,000 53 4,663,922.90 3.15
90,000 less than Balance less than or equal to 95,000 23 2,130,015.37 1.44
95,000 less than Balance less than or equal to 100,000 52 5,093,332.53 3.44
100,000 less than Balance less than or equal to 105,000 32 3,304,453.79 2.23
105,000 less than Balance less than or equal to 110,000 27 2,921,234.32 1.97
110,000 less than Balance less than or equal to 115,000 28 3,155,625.86 2.13
115,000 less than Balance less than or equal to 120,000 25 2,949,824.89 1.99
120,000 less than Balance less than or equal to 125,000 28 3,444,250.72 2.32
125,000 less than Balance less than or equal to 130,000 15 1,914,493.60 1.29
130,000 less than Balance less than or equal to 135,000 14 1,854,525.14 1.25
135,000 less than Balance less than or equal to 140,000 21 2,904,463.95 1.96
140,000 less than Balance less than or equal to 145,000 15 2,138,256.94 1.44
145,000 less than Balance less than or equal to 150,000 12 1,774,492.75 1.20
150,000 less than Balance less than or equal to 200,000 143 25,140,721.27 16.96
200,000 less than Balance less than or equal to 250,000 43 9,701,581.11 6.55
250,000 less than Balance less than or equal to 300,000 17 4,590,545.21 3.10
300,000 less than Balance less than or equal to 350,000 8 2,637,357.70 1.78
350,000 less than Balance less than or equal to 400,000 6 2,276,469.77 1.54
400,000 less than Balance less than or equal to 450,000 1 418,500.00 0.28
450,000 less than Balance less than or equal to 500,000 1 460,000.00 0.31
500,000 less than Balance less than or equal to 550,000 1 549,940.77 0.37
--------------------------------------------------------------------------------------------------------
Total.................... 1,955 $148,221,706.48 100.00%
========================================================================================================
</TABLE>
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.
[GRAPHIC OMITTED] PAGE 15
<PAGE>
ABFS Mortgage Loan Trust 2000-2
Mortgage-Backed Notes, Series 2000-2
$[300,000,000]
--------------------------------------------------------------------------------
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>
5,000 less than Balance less than or equal to 10,000 3 29,657.90 0.02
10,000 less than Balance less than or equal to 15,000 27 361,322.04 0.24
15,000 less than Balance less than or equal to 20,000 52 961,282.39 0.65
20,000 less than Balance less than or equal to 25,000 120 2,844,348.95 1.92
25,000 less than Balance less than or equal to 30,000 133 3,767,739.49 2.54
30,000 less than Balance less than or equal to 35,000 159 5,268,725.84 3.55
35,000 less than Balance less than or equal to 40,000 130 4,950,754.00 3.34
40,000 less than Balance less than or equal to 45,000 103 4,424,727.51 2.99
45,000 less than Balance less than or equal to 50,000 133 6,442,950.68 4.35
50,000 less than Balance less than or equal to 55,000 87 4,602,725.55 3.11
55,000 less than Balance less than or equal to 60,000 105 6,085,246.82 4.11
60,000 less than Balance less than or equal to 65,000 79 4,983,825.07 3.36
65,000 less than Balance less than or equal to 70,000 66 4,510,157.41 3.04
70,000 less than Balance less than or equal to 75,000 71 5,178,712.24 3.49
75,000 less than Balance less than or equal to 80,000 66 5,147,829.04 3.47
80,000 less than Balance less than or equal to 85,000 57 4,722,177.50 3.19
85,000 less than Balance less than or equal to 90,000 52 4,579,438.36 3.09
90,000 less than Balance less than or equal to 95,000 23 2,130,015.37 1.44
95,000 less than Balance less than or equal to 100,000 52 5,093,332.53 3.44
100,000 less than Balance less than or equal to 105,000 32 3,304,453.79 2.23
105,000 less than Balance less than or equal to 110,000 27 2,921,234.32 1.97
110,000 less than Balance less than or equal to 115,000 28 3,155,625.86 2.13
115,000 less than Balance less than or equal to 120,000 25 2,949,824.89 1.99
120,000 less than Balance less than or equal to 125,000 29 3,569,214.97 2.41
125,000 less than Balance less than or equal to 130,000 14 1,789,529.35 1.21
130,000 less than Balance less than or equal to 135,000 14 1,854,525.14 1.25
135,000 less than Balance less than or equal to 140,000 22 3,044,280.74 2.05
140,000 less than Balance less than or equal to 145,000 14 1,998,440.15 1.35
145,000 less than Balance less than or equal to 150,000 12 1,774,492.75 1.20
150,000 less than Balance less than or equal to 200,000 143 25,140,721.27 16.96
200,000 less than Balance less than or equal to 250,000 43 9,701,581.11 6.55
250,000 less than Balance less than or equal to 300,000 17 4,590,545.21 3.10
300,000 less than Balance less than or equal to 350,000 8 2,637,357.70 1.78
350,000 less than Balance less than or equal to 400,000 6 2,276,469.77 1.54
400,000 less than Balance less than or equal to 450,000 1 418,500.00 0.28
450,000 less than Balance less than or equal to 500,000 1 460,000.00 0.31
500,000 less than Balance less than or equal to 550,000 1 549,940.77 0.37
--------------------------------------------------------------------------------------------------------
Total.................... 1,955 $148,221,706.48 100.00%
========================================================================================================
</TABLE>
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.
[GRAPHIC OMITTED] PAGE 16
<PAGE>
ABFS Mortgage Loan Trust 2000-2
Mortgage-Backed Notes, Series 2000-2
$[300,000,000]
--------------------------------------------------------------------------------
GEOGRAPHICAL DISTRIBUTION OF MORTGAGED PROPERTIES
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
State Loans Balance Balance
Arizona 1 36,685.91 0.02
Arkansas 1 90,000.00 0.06
Connecticut 19 1,851,449.91 1.25
Delaware 24 1,452,779.84 0.98
Dist of Col 2 157,771.99 0.11
Florida 198 14,191,565.02 9.57
Georgia 70 5,565,271.58 3.75
Illinois 68 6,169,165.87 4.16
Indiana 7 339,257.85 0.23
Kentucky 6 212,750.43 0.14
Louisiana 1 40,000.00 0.03
Maine 1 55,000.00 0.04
Maryland 61 4,548,848.20 3.07
Massachusetts 83 5,919,894.66 3.99
Michigan 52 3,766,554.67 2.54
Minnesota 3 159,700.00 0.11
Mississippi 6 268,720.76 0.18
Missouri 23 1,518,113.36 1.02
Nebraska 1 117,000.00 0.08
New Hampshire 2 165,144.04 0.11
New Jersey 257 20,785,961.72 14.02
New York 495 43,589,421.37 29.41
North Carolina 46 3,165,341.40 2.14
Ohio 102 5,736,855.37 3.87
Oregon 1 76,500.00 0.05
Pennsylvania 287 16,936,201.66 11.43
Rhode Island 9 1,229,877.53 0.83
South Carolina 29 1,969,202.12 1.33
Tennessee 40 2,788,675.84 1.88
Virginia 53 4,590,126.48 3.10
Washington 3 460,293.74 0.31
West Virginia 1 46,800.00 0.03
Wisconsin 3 220,775.16 0.15
--------------------------------------------------------------------------
Total............... 1,955 $148,221,706.48 100.00%
==========================================================================
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.
[GRAPHIC OMITTED] PAGE 17
<PAGE>
ABFS Mortgage Loan Trust 2000-2
Mortgage-Backed Notes, Series 2000-2
$[300,000,000]
--------------------------------------------------------------------------------
MORTGAGED PROPERTIES
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Loans Balance Balance
Mixed Use 50 5,036,458.17 3.40
PUD 31 2,813,224.18 1.90
Commercial 17 1,912,848.09 1.29
Townhouses 190 9,764,855.85 6.59
2-4 Family 248 25,870,599.71 17.45
Condominiums 55 3,065,994.96 2.07
Single Family Detached 1,346 98,094,341.73 66.18
Mobile Home 15 1,002,233.73 0.68
5+ Family 3 661,150.06 0.45
--------------------------------------------------------------------------
Total............... 1,955 $ 148,221,706.48 100.00%
==========================================================================
LOAN SUMMARY STRATIFIED BY OWNER OCCUPANCY
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Loans Balance Balance
Owner Occ. 1,732 131,651,846.62 88.82
Investor 167 11,788,706.85 7.95
Vacation/Second Home 15 1,037,654.91 0.70
Commercial 41 3,743,498.10 2.53
--------------------------------------------------------------------------
Total.................. 1,955 $ 148,221,706.48 100.00%
==========================================================================
LIEN SUMMARY
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Loans Balance Balance
1 1,268 113,811,631.33 76.78
2 687 34,410,075.15 23.22
--------------------------------------------------------------------------
Total............... 1,955 $148,221,706.48 100.00%
==========================================================================
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.
[GRAPHIC OMITTED] PAGE 18
<PAGE>
ABFS Mortgage Loan Trust 2000-2
Mortgage-Backed Notes, Series 2000-2
$[300,000,000]
--------------------------------------------------------------------------------
LOAN SUMMARY STRATIFIED BY AMORTIZATION
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Amortization Loans Balance Balance
Fully Amortizing 1,133 85,629,943.08 57.77
Partially Amortizing 822 62,591,763.40 42.23
--------------------------------------------------------------------------
Total.................. 1,955 $148,221,706.48 100.00%
==========================================================================
PREPAYMENT PENALTY FLAG
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Penalty Loans Balance Balance
N 261 18,064,940.78 12.19
Y 1694 130,156,765.70 87.81
--------------------------------------------------------------------------
Total............... 1955 $148,221,706.48 100.00%
==========================================================================
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.
[GRAPHIC OMITTED] PAGE 19
