================================================================================
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) April 28, 2000
First Union Commercial Mortgage Securities, Inc.
------------------------------------------------------
(Exact Name of Registrant as Specified in its Charter)
North Carolina
----------------------------------------------
(State or Other Jurisdiction of Incorporation)
333-30294 56-1643598
- ------------------------ ------------------------------------
(Commission File Number) (I.R.S. Employer Identification No.)
One First Union Center, Charlotte, North Carolina 28228-0600
- ------------------------------------------------- ----------
(Address of Principal Executive Offices) (Zip Code)
(704) 374-6161
----------------------------------------------------
(Registrant's Telephone Number, Including Area Code)
Not Applicable
-------------------------------------------------------------
(Former Name or Former Address, if Changed Since Last Report)
================================================================================
-1-
<PAGE>
ITEM 5. OTHER EVENTS.
On or about May 11, 2000, the Registrant will cause the issuance and sale
of approximately $785,225,064 initial principal amount of Commercial Mortgage
Pass-Through Certificates, Series 2000-C1, Class IO, Class A-1, Class A-2, Class
B, Class C, Class D, Class E, Class F, Class G, Class H, Class J, Class K, Class
L, Class M, Class N, Class Q, Class R-I, Class R-II, Class R-III and Class R-IV
(the "Certificates") pursuant to a Pooling and Servicing Agreement to be dated
as of May 1, 2000, among the Registrant, First Union National Bank, as Master
Servicer, ORIX Real Estate Capital Markets, LLC, as Special Servicer, and
Norwest Bank Minnesota, National Association, as Trustee. In connection with the
sale of certain classes of the Certificates to the public (the "Publicly Offered
Certificates"), the Registrant has been advised by First Union Securities, Inc.
and Merrill Lynch, Pierce, Fenner & Smith Incorporated (together, the
"Underwriters"), that the Underwriters have furnished to prospective investors
certain computer generated tables and/or charts displaying, with respect to any
Class or Classes of Certificates, any of the following: yield; average life;
duration; expected maturity; interest rate sensitivity; loss sensitivity; cash
flow characteristics; background information regarding the Mortgage Loans;
proposed structure; decrement tables; or similar information (tabular or
otherwise) of a statistical, mathematical, tabular or computational nature (the
"Computational Materials"), with respect to the Publicly Offered Certificates
following the effective date of Registration Statement No. 333-30294. The
Computational Materials are being filed as an exhibit to this report.
The Computational Materials were prepared by the Underwriters at the
request of certain prospective investors, based on assumptions provided by, and
satisfying the special requirements of, such prospective investors. The
Computational Materials may be based on assumptions that differ from the
assumptions set forth in the Prospectus Supplement. The Computational Materials
may not include, and do not purport to include, information based on assumptions
representing a complete set of possible scenarios. Accordingly, the
Computational Materials may not be relevant to or appropriate for investors
other than those specifically requesting them.
In Addition, the actual characteristics and performance of the mortgage
loans underlying the Certificates (the "Mortgage Loans") may differ from the
assumption used in the Computational Materials, which are hypothetical in nature
and which were provided to certain investors only to give a general sense of how
the yield, average life, duration, expected maturity, interest rate sensitivity,
loss sensitivity, background information regarding the Mortgage Loans, proposed
structure, decrement tables or cash flow characteristics of a particular class
of Certificates might vary under varying prepayment and other scenarios. Any
difference between such assumptions and the actual characteristics and
performance of the Mortgage Loans will affect the actual yield, average life,
duration, expected maturity, interest rate sensitivity, loss sensitivity,
background information regarding the Mortgage Loans, proposed structure,
decrement tables or cash flow characteristics of the Certificates.
-2-
<PAGE>
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.
List below the financial statements, pro forma financial information and
exhibits, if any, filed as part of this report.
(a) Financial Statements of Business Acquired
Not applicable
(b) Pro Forma Financial Information
Not applicable
(c) Exhibits.
99.1 Computational Materials prepared by the Underwriters in
connection with the sale of the Publicly Offered
Certificates of the Registrant.
-3-
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
FIRST UNION COMMERCIAL MORTGAGE SECURITIES, INC.
(Registrant)
Dated: May 1, 2000 By: /s/ CRAIG M. LIEBERMAN
--------------------------------------------
Name: Craig M. Lieberman
Title: Vice President
-4-
<PAGE>
INDEX TO EXHIBITS
Exhibit
No. Document Description
--- --------------------
99.1
Computational Materials prepared by the Underwriters in
connection with the sale of the Publicly Offered Certificates of
the Registrant.
-5-
UNDERWRITERS' STATEMENT
COMPUTATIONAL MATERIALS
FIRST UNION NATIONAL BANK-COMMERCIAL MORTGAGE PASS THROUGH CERTIFICATES
SERIES 2000-C1
The attached tables and statistical analysis (the "Computational
Materials") are privileged and confidential and are intended for use by the
addressee only. These Computational Materials are furnished to you solely by
First Union Securities, Inc. (the "Underwriter") and not by the issuer of the
certificates identified above (the "Offered Certificates") or any other party.
The issuer of the Offered Certificates has not prepared or taken part in the
preparation of these materials. None of the Underwriters, the issuer of the
Offered Certificates, or any other party makes any representation as to the
accuracy or completeness of the information herein. The information herein is
preliminary, and will be superseded by the applicable prospectus supplement and
by any other information subsequently filed with the Securities and Exchange
Commission. The information herein may not be provided to any third party other
than the addressee's legal, tax, financial and/or accounting advisors for the
purposes of evaluating such information.
Numerous assumptions were used in preparing the Computational Materials
which may or may not be stated herein. As such, no assurance can be given as to
the accuracy, appropriateness or completeness of the Computational Materials in
any particular context; or as to whether the Computational Materials reflect
future performance. These Computational Materials should not be construed as
either a prediction or as legal, tax, financial or accounting advice.
Any yields or weighted average lives shown in the Computational Materials
are based on prepayment and other assumptions and actual experience may
dramatically affect such yields or weighted average lives. In addition, it is
possible that prepayments on the underlying assets will occur at rates slower or
faster than the rates assumed in the attached Computational Materials.
Furthermore, unless otherwise provided, the Computational Materials assume no
losses on the underlying assets and no interest shortfall. The specific
characteristics of the Offered Certificates may differ from those shown in the
Computational Materials due to difference between the actual underlying assets
and the hypothetical assets used in preparing the Computational Materials. The
principal amount and designation of any security described in the Computational
Materials are subject to change prior to issuance.
Although a registration statement (including the prospectus) relating to
the Offered Certificates has been filed with the Securities and Exchange
Commission and is effective, the final prospectus supplement relating to the
Offered Certificates has not been filed with the Securities and Exchange
Commission. This communication shall not constitute an offer to sell or the
solicitation of an offer to buy nor shall there be any sale of the Offered
Certificates in any state in which such offer, solicitation or sale would be
unlawful prior to registration or qualification under the securities laws of any
such state. Prospective purchasers are referred to the final prospectus and
prospectus supplement relating to the Offered Certificates for definitive terms
of the Offered Certificates and the collateral.
Please be advised that mortgage-backed and/or asset-backed securities may
not be appropriate for all investors. Potential investors must be willing to
assume, among other things, market price volatility, prepayments, yield curve
and interest rate risks. Investors should fully consider the risk of an
investment in these Offered Certificates.
If you have received this communication in error, please notify the sending
party immediately by telephone and return the original to such party by mail.
<PAGE>
- --------------------------------------------------------------------------------
FUCMC BOND ANALYZER CMBS Sensitivity Analysis
-------------
ISSUE FUNB 00-C1
-------------
TRANCHE IO YIELD CURVE
------------- ------------------------------------
CUSIP 2YR 5YR 10YR 30YR
------------- ------------------------------------
PRICE 5.2188 6.345 6.256 6.030 5.880
------------- ------------------------------------
SETTLE DATE 5/11/00
-------------
PRICE DATE
-------------
<TABLE>
<CAPTION>
10% CPR 50% CPR 100% CPR
----------------------------------
<S> <C> <C> <C>
YIELD CHANGE (BP) FOR PREPAYMENTS AFTER LO,YM, AND PENALTIES -2 -6 -26
----------------------------------
YIELD CHANGE (BP) FOR PREPAYMENTS DURING PENALTY PERIOD -3 -11 -33
----------------------------------
YIELD CHANGE (BP) FOR PREPAYMENTS DURING YM (YIELD CURVE UNCH) 4 6 -12
----------------------------------
YIELD CHANGE (BP) FOR PREPAYMENTS DURING YM (YIELD CURVE -100BP) 5 6 -11
----------------------------------
YIELD CHANGE (BP) FOR PREPAYMENTS DURING YM (YIELD CURVE +100BP) 3 6 -12
----------------------------------
YIELD CHANGE (BP) FOR PREPAYMENTS DURING YM (YIELD CURVE +200BP) 3 4 -16
----------------------------------
<CAPTION>
1% CDR 2% CDR 3% CDR 4% CDR
-----------------------------------------------
<S> <C> <C> <C> <C>
YIELD CHANGE (BP) FOR DEFAULTS ASSUMING NO PREPAYMENTS -118 -238 -368 -509
-----------------------------------------------
YIELD CHANGE (BP) FOR DEFAULTS ASSUMING 140 CPR DURING YM (YIELD CURVE -100 BP) -110 -227 -347 -475
-----------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
- ---------------------------------------------------------------------------------------------------------------
SCENARIO PREPAY ASSUMPTION YIELD DEFAULT ASSUMPTION
# UNIT RATE SHOCK UNIT RATE
- ---------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
1 CPR 0.00% 0.00% CDR 0.00%
- ---------------------------------------------------------------------------------------------------------------
2 CPR 10.00% 0.00% CDR 0.00%
3 CPR 50.00% 0.00% CDR 0.00%
4 CPR 100.00% 0.00% CDR 0.00%
- ---------------------------------------------------------------------------------------------------------------
5 CPR 10.00% 0.00% CDR 0.00%
6 CPR 50.00% 0.00% CDR 0.00%
7 CPR 100.00% 0.00% CDR 0.00%
- ---------------------------------------------------------------------------------------------------------------
8 CPR 10.00% 0.00% CDR 0.00%
9 CPR 50.00% 0.00% CDR 0.00%
10 CPR 100.00% 0.00% CDR 0.00%
- ---------------------------------------------------------------------------------------------------------------
11 CPR 10.00% -1.00% CDR 0.00%
12 CPR 50.00% -1.00% CDR 0.00%
13 CPR 100.00% -1.00% CDR 0.00%
- ---------------------------------------------------------------------------------------------------------------
14 CPR 10.00% 1.00% CDR 0.00%
15 CPR 50.00% 1.00% CDR 0.00%
16 CPR 100.00% 1.00% CDR 0.00%
- ---------------------------------------------------------------------------------------------------------------
17 CPR 10.00% 2.00% CDR 0.00%
18 CPR 50.00% 2.00% CDR 0.00%
19 CPR 100.00% 2.00% CDR 0.00%
- ---------------------------------------------------------------------------------------------------------------
20 CPR 0.00% 0.00% CDR 1.00%
21 CPR 0.00% 0.00% CDR 2.00%
22 CPR 0.00% 0.00% CDR 3.00%
23 CPR 0.00% 0.00% CDR 4.00%
- ---------------------------------------------------------------------------------------------------------------
24 CPR 100.00% -1.00% CDR 1.00%
25 CPR 100.00% -1.00% CDR 2.00%
26 CPR 100.00% -1.00% CDR 3.00%
27 CPR 100.00% -1.00% CDR 4.00%
- ---------------------------------------------------------------------------------------------------------------
<CAPTION>
- ------------------------------------------------------------------------------------------------------------------
SCENARIO PREPAY WHEN ...
# YIELD WAL MOD DUR
- ------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
1 After All Penalties 10.330 9.776 4.227
- ------------------------------------------------------------------------------------------------------------------
2 After All Penalties 10.309 9.756 4.218
3 After All Penalties 10.270 9.725 4.206
4 After All Penalties 10.069 9.575 4.181
- ------------------------------------------------------------------------------------------------------------------
5 After Yield Maintenance 10.296 9.740 4.211
6 After Yield Maintenance 10.218 9.676 4.184
7 After Yield Maintenance 10.002 9.514 4.153
- ------------------------------------------------------------------------------------------------------------------
8 After Lock Out Periods 10.373 9.579 4.198
9 After Lock Out Periods 10.393 9.357 4.144
10 After Lock Out Periods 10.215 9.135 4.086
- ------------------------------------------------------------------------------------------------------------------
11 After Lock Out Periods 10.384 9.579 4.200
12 After Lock Out Periods 10.395 9.357 4.143
13 After Lock Out Periods 10.217 9.135 4.085
- ------------------------------------------------------------------------------------------------------------------
14 After Lock Out Periods 10.362 9.579 4.196
15 After Lock Out Periods 10.391 9.357 4.144
16 After Lock Out Periods 10.212 9.135 4.086
- ------------------------------------------------------------------------------------------------------------------
17 After Lock Out Periods 10.356 9.579 4.197
18 After Lock Out Periods 10.366 9.367 4.147
19 After Lock Out Periods 10.170 9.135 4.093
- ------------------------------------------------------------------------------------------------------------------
20 After All Penalties 9.145 9.361 4.216
21 After All Penalties 7.945 8.978 4.206
22 After All Penalties 6.652 8.608 4.172
23 After All Penalties 5.245 8.263 4.114
- ------------------------------------------------------------------------------------------------------------------
24 After Lock Out Periods 9.115 8.785 4.088
25 After Lock Out Periods 7.948 8.452 4.081
26 After Lock Out Periods 6.748 8.136 4.069
27 After Lock Out Periods 5.469 7.836 4.044
- ------------------------------------------------------------------------------------------------------------------
<CAPTION>
- ----------------------------------------------------------------------------------------
SCENARIO
# SPRD(BP) TSY MAT WIN BEG WIN END
- ----------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
1 429 9.78 06/15/00 10/15/21
- ----------------------------------------------------------------------------------------
2 427 9.76 06/15/00 09/15/20
3 423 9.72 06/15/00 12/15/19
4 402 9.58 06/15/00 12/15/19
- ----------------------------------------------------------------------------------------
5 425 9.74 06/15/00 12/15/19
6 417 9.68 06/15/00 01/15/17
7 395 9.51 06/15/00 6/15/206
- ----------------------------------------------------------------------------------------
8 432 9.58 06/15/00 12/15/19
9 433 9.36 06/15/00 01/15/17
10 415 9.14 06/15/00 01/15/15
- ----------------------------------------------------------------------------------------
11 533 9.58 06/15/00 12/15/19
12 534 9.36 06/15/00 01/15/17
13 515 9.14 06/15/00 01/15/16
- ----------------------------------------------------------------------------------------
14 331 9.58 06/15/00 12/15/19
15 333 9.36 06/15/00 01/15/17
16 314 9.14 06/15/00 01/15/15
- ----------------------------------------------------------------------------------------
17 231 9.58 06/15/00 12/15/19
18 231 9.36 06/15/00 01/15/17
19 210 9.14 06/15/00 01/15/15
- ----------------------------------------------------------------------------------------
20 309 9.36 06/15/00 04/15/20
21 187 8.98 06/15/00 07/15/19
22 56 8.61 06/15/00 10/15/17
23 -86 8.26 06/15/00 06/15/16
- ----------------------------------------------------------------------------------------
24 303 8.78 06/15/00 12/15/14
25 185 8.45 06/15/00 11/15/14
26 63 8.14 06/15/00 11/15/14
27 -66 7.84 06/15/00 11/15/14
- ----------------------------------------------------------------------------------------
</TABLE>
THIS ANALYSIS MUST NOT BE PRINTED WITHOUT THE FOLLOWING INFORMATION:
Investors should read the Underwriters' Statement which accompanies these
Computational Materials.
Prospective investors are advised to carefully read, and should rely solely on,
the final prospectus and prospectus supplement (the "Final Prospectus") relating
to the certificates referred to herein (the "Offered Certificates") in making
their investment decision. These Computational Materials have been based upon
the assumptions described above, which most likely will not represent the actual
experience of the Mortgage Pool in the future. No representation is made herein
as to the actual rate or timing of principal payments or prepayments on any of
the underlying Mortgage Loans in the Mortgage Pool or the actual performance
characteristics of the Offered Certficates. Prior to making any investment
decision, a prospective investor should receive and fully review the Final
Prospectus. NOTHING HEREIN SHOULD BE CONSIDERED AN OFFER TO SELL OR SOLICITATION
OF AN OFFER TO BUY ANY OFFERED CERTIFICATES.
<PAGE>
FUNB 00-C1, CLASS X--PRICE/YIELD
<TABLE>
- -------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
CUSIP Face $783,097,303.54 Settle at Pricing
Coupon 0.976 Original Balance $783,097,303.54 Accrual begins 5/1/2000
Delay 14 Current Balance $783,097,303.54 Factor Date N/A
Stated Maturity N/A Factor 1
Type SEN WAC IO
- -------------------------------------------------------------------------------------------------------
</TABLE>
YIELD CURVE: Spread off interpolated node
3MO=5.82, 6MO=6.00, 1YR=6.03, 2YR=6.345, 5YR=6.256, 10YR=6.03, 30YR=5.88
<TABLE>
<CAPTION>
- -------------------------------------------------------------------------------------------------------------------------------
100 CPR AFTER YM,
100 CPR AFTER YM, ATRIUM 6/6/65%,
100 CPR AFTER ATRIUM 6/6/65%, HEL/PET 6/6/50, WASH
PRICE 0 CPR YM HEL/PET 6/6/50% 12/12/30%
Yield Yield Yield
- -------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
4-31 11.5223 11.2520 10.0295 9.5133
5-00 11.3708 11.0985 9.8795 9.3638
5-01 11.2208 10.9466 9.7309 9.2158
5-02 11.0723 10.7961 9.5839 9.0693
5-03 10.9254 10.6472 9.4383 8.9242
5-04 10.7800 10.4998 9.2942 8.7806
5-05 10.6360 10.3539 9.1515 8.6385
5-06 10.4934 10.2093 9.0102 8.4977
5-07 10.3523 10.0662 8.8703 8.3583
5-08 10.2126 9.9245 8.7318 8.2203
5-09 10.0741 9.7841 8.5945 8.0835
5-10 9.9370 9.6451 8.4586 7.9481
5-11 9.8013 9.5074 8.3240 7.8140
5-12 9.6668 9.3710 8.1907 7.6812
5-13 9.5337 9.2358 8.0586 7.5496
5-14 9.4018 9.1020 7.9277 7.4192
5-15 9.2711 8.9693 7.7980 7.2900
- -------------------------------------------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------------------------------------------------------
Spread @ Center Price 431.37 401.61 280.92 228.11
WAL 9.81130 9.55550 9.31060 8.96630
Mod Durn 4.241 4.183 4.279 4.294
Mod Convexity 0.298 0.286 0.299 0.302
Principal Window Jun00 to Sep29 Jun00 to Mar25 Jun00 to Mar25 Jun00 to Mar25
Maturity #mos 352 298 298 298
Accrued Interest 212,306.69 212,306.69 212,306.69 212,306.69
Total Collat Loss 0.00 (0.00%) 0.00 (0.00%) 14,134,807.60 (1.80%) 25,859,515.16 (3.30%)
Prepay At 0 CPR At 100 CPR At 100 CPR At 100 CPR
No prepays During any YM During any YM During any YM During any YM
Lockout and penalties Include penalty Include penalty Include penalty Include penalty
Ext., if balloon None None None None
Pay Exten Princ
Default At 0 CDR At 0 CDR At 0 CDR At 0 CDR
Loss Severity 0 0 0 0
Servicer Advances 100% of P & I 100% of P & I 100% of P & I 100% of P & I
Recovery Lag 12 mos 12 mos 12 mos 12 mos
- -------------------------------------------------------------------------------------------------------------------------------
CMT_3MO 5.820 5.820 5.820 5.820
CMT_6MO 6.000 6.000 6.000 6.000
CMT_1YR 6.030 6.030 6.030 6.030
CMT_2YR 6.345 6.345 6.345 6.345
CMT_5YR 6.256 6.256 6.256 6.256
CMT_10YR 6.030 6.030 6.030 6.030
CMT_30YR 5.880 5.880 5.880 5.880
- -------------------------------------------------------------------------------------------------------------------------------
</TABLE>
Investors should read the Underwriters' Statement which accompanies these
Computational Materials.
Prospective investors are advised to carefully read, and should rely solely on,
the final prospectus and prospectus supplement (collectively, the "Final
Prospectus") relating to the certificates referred to herein (the "Offered
Certificates") in making their investment decision. These Computational
Materials have been based upon the assumptions described above, which most
likely will not represent the actual experience of the Mortgage Pool in the
future. No representation is made herein as to the actual rate or timing of
principal payments or prepayments on any of the underlying Mortgage Loans in the
Mortgage Pool or the actual performance characteristics of the Offered
Certficates. Prior to making any investment decision, a prospective investor
should receive and fully review the Final Prospectus. NOTHING HEREIN SHOULD BE
CONSIDERED AN OFFER TO SELL OR SOLICITATION OF AN OFFER TO BUY ANY OFFERED
CERTIFICATES.
<PAGE>
FUNB 00-C1, CLASS IO--PRICE/YIELD
<TABLE>
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
CUSIP Face $783,097,303.54 Settle at Pricing
Coupon 0.976 Original Balance $783,097,303.54 Accrual begins 5/1/00
Delay 14 Current Balance $783,097,303.54 Factor Date N/A
Stated Maturity N/A Factor 1
Type SEN WAC IO
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
YIELD CURVE: Spread off interpolated node
3MO=5.82, 6MO=6.00, 1YR=6.03, 2YR=6.345, 5YR=6.254, 10YR=6.03, 30YR=5.88
<PAGE>
FUNB 00-C1, CLASS AAA_1--PRICE/YIELD
<TABLE>
<S> <C> <C> <C> <C> <C>
- -------------------------------------------------------------------------------------------------------------
CUSIP Face $96,000,000.00 Settle at Pricing
Coupon 7.487 Original Balance $96,000,000.00 Accrual begins 5/1/2000
Delay 14 Current Balance $96,000,000.00 Factor Date N/A
Stated Maturity N/A Factor 1 ---------------------------------
Type SEN FIX CAP -------------------------------------
- ---------------------------------------
</TABLE>
YIELD CURVE: Spread off interpolated node
3MO=5.82, 6MO=6.00, 1YR=6.03, 2YR=6.345, 5YR=6.256, 10YR=6.03, 30YR=5.88
<TABLE>
<CAPTION>
- -------------------------------------------------------------------------------------------------------------------------------
PRICE 0 CPR 10 CPR AFTER YM 15 CPR AFTER YM 25 CPR AFTER YM 50 CPR AFTER YM 100 CPR AFTER YM
Yield
- -------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
100-08 7.4804 7.4804 7.4804 7.4804 7.4804 7.4799
100-09 7.4732 7.4732 7.4732 7.4732 7.4732 7.4727
100-10 7.4661 7.4661 7.4661 7.4661 7.4661 7.4655
100-11 7.4589 7.4589 7.4589 7.4589 7.4589 7.4584
100-12 7.4518 7.4518 7.4518 7.4518 7.4518 7.4512
100-13 7.4447 7.4447 7.4446 7.4446 7.4446 7.4440
100-14 7.4375 7.4375 7.4375 7.4375 7.4375 7.4369
100-15 7.4304 7.4304 7.4304 7.4304 7.4303 7.4297
100-16 7.4233 7.4232 7.4232 7.4232 7.4232 7.4225
100-17 7.4161 7.4161 7.4161 7.4161 7.4161 7.4154
100-18 7.4090 7.4090 7.4090 7.4090 7.4089 7.4082
100-19 7.4019 7.4019 7.4019 7.4019 7.4018 7.4011
100-20 7.3948 7.3947 7.3947 7.3947 7.3947 7.3939
100-21 7.3876 7.3876 7.3876 7.3876 7.3876 7.3868
100-22 7.3805 7.3805 7.3805 7.3805 7.3805 7.3796
100-23 7.3734 7.3734 7.3734 7.3734 7.3733 7.3725
100-24 7.3663 7.3663 7.3663 7.3663 7.3662 7.3654
- -------------------------------------------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------------------------------------------------------
Spread @ Center Price 119.94 119.93 119.93 119.93 119.92 119.72
WAL 5.71070 5.71030 5.71000 5.70950 5.70800 5.67940
Mod Durn 4.352 4.352 4.351 4.351 4.350 4.335
Mod Convexity 0.278 0.278 0.278 0.278 0.278 0.276
Principal Window Jun00 to Jul09 Jun00 to Jul09 Jun00 to Jul09 Jun00 to Jul09 Jun00 to Jul09 Jun00 to Jun09
Maturity #mos 110 110 110 110 110 109
Accrued Interest 199,653.33 199,653.33 199,653.33 199,653.33 199,653.33 199,653.33
Total Collat Loss 0.00 (0.00%) 0.00 (0.00%) 0.00 (0.00%) 0.00 (0.00%) 0.00 (0.00%) 0.00 (0.00%)
Prepay At 0 CPR At 10 CPR At 15 CPR At 25 CPR At 50 CPR At 100 CPR
No prepays During any YM During any YM During any YM During any YM During any YM During any YM
Lockout and penalties Include penalty Include penalty Include penalty Include penalty Include penalty Include penalty
Ext., if balloon None None None None None None
Pay Exten Princ
Default At 0 CDR At 0 CDR At 0 CDR At 0 CDR At 0 CDR At 0 CDR
Loss Severity 0 0 0 0 0 0
Servicer Advances 100% of P & I 100% of P & I 100% of P & I 100% of P & I 100% of P & I 100% of P & I
Recovery Lag 0 mos 0 mos 0 mos 0 mos 0 mos 0 mos
- -------------------------------------------------------------------------------------------------------------------------------
CMT_3MO 5.820 5.820 5.820 5.820 5.820 5.820
CMT_6MO 6.000 6.000 6.000 6.000 6.000 6.000
CMT_1YR 6.030 6.030 6.030 6.030 6.030 6.030
CMT_2YR 6.345 6.345 6.345 6.345 6.345 6.345
CMT_5YR 6.256 6.256 6.256 6.256 6.256 6.256
CMT_10YR 6.030 6.030 6.030 6.030 6.030 6.030
CMT_30YR 5.880 5.880 5.880 5.880 5.880 5.880
- -------------------------------------------------------------------------------------------------------------------------------
</TABLE>
- --------------------------------------------------------------------------------
Investors should read the Underwriters' Statement which accompanies these
Computational Materials. Prospective investors are advised to carefully read,
and should rely solely on, the final prospectus and prospectus supplement
(collectively, the "Final Prospectus") relating to the certificates referred to
herein (the "Offered Certificates") in making their investment decision. These
Computational Materials have been based upon the assumptions described above,
which most likely will not represent the actual experience of the Mortgage Pool
in the future. No representation is made herein as to the actual rate or timing
of principal payments or prepayments on any of the underlying Mortgage Loans in
the Mortgage Pool or the actual performance characteristics of the Offered
Certificates. Prior to making any investment decision, a prospective investor
should receive and fully review the Final Prospectus. NOTHING HEREIN SHOULD BE
CONSIDERED AN OFFER TO SELL OR SOLICITATION OF AN OFFER TO BUY ANY OFFERED
CERTIFICATES.
- --------------------------------------------------------------------------------
<PAGE>
FUNB 00-C1, CLASS AAA_2--PRICE/YIELD
<TABLE>
<S> <C> <C> <C> <C> <C>
- -------------------------------------------------------------------------------------------------------------
CUSIP Face $485,449,000.00 Settle at Pricing
Coupon 7.61 Original Balance $485,449,000.00 Accrual begins 5/1/2000
Delay 14 Current Balance $485,449,000.00 Factor Date N/A
Stated Maturity N/A Factor 1 ---------------------------------
Type JUN FIX CAP -------------------------------------
- ---------------------------------------
</TABLE>
YIELD CURVE: Spread off interpolated node
3MO=5.82, 6MO=6.00, 1YR=6.03, 2YR=6.345, 5YR=6.256, 10YR=6.03, 30YR=5.88
<TABLE>
<CAPTION>
- -------------------------------------------------------------------------------------------------------------------------------
PRICE 0 CPR 10 CPR AFTER YM 15 CPR AFTER YM 25 CPR AFTER YM 50 CPR AFTER YM 100 CPR AFTER YM
Yield
- -------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
100-08 7.6496 7.6495 7.6495 7.6495 7.6494 7.6484
100-09 7.6449 7.6448 7.6448 7.6448 7.6447 7.6437
100-10 7.6402 7.6402 7.6402 7.6401 7.6401 7.6389
100-11 7.6355 7.6355 7.6355 7.6354 7.6354 7.6342
100-12 7.6308 7.6308 7.6308 7.6308 7.6307 7.6294
100-13 7.6261 7.6261 7.6261 7.6261 7.6260 7.6247
100-14 7.6215 7.6214 7.6214 7.6214 7.6213 7.6200
100-15 7.6168 7.6168 7.6168 7.6167 7.6166 7.6152
100-16 7.6121 7.6121 7.6121 7.6120 7.6119 7.6105
100-17 7.6075 7.6074 7.6074 7.6074 7.6073 7.6057
100-18 7.6028 7.6028 7.6027 7.6027 7.6026 7.6010
100-19 7.5981 7.5981 7.5981 7.5980 7.5979 7.5963
100-20 7.5935 7.5934 7.5934 7.5934 7.5932 7.5916
100-21 7.5888 7.5888 7.5887 7.5887 7.5886 7.5868
100-22 7.5841 7.5841 7.5841 7.5840 7.5839 7.5821
100-23 7.5795 7.5794 7.5794 7.5794 7.5792 7.5774
100-24 7.5748 7.5748 7.5748 7.5747 7.5746 7.5727
- -------------------------------------------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------------------------------------------------------
Spread @ Center Price 156.75 156.73 156.72 156.70 156.64 155.72
WAL 9.67610 9.67280 9.67100 9.66720 9.65530 9.48430
Mod Durn 6.642 6.641 6.640 6.638 6.633 6.552
Mod Convexity 0.576 0.576 0.576 0.576 0.575 0.559
Principal Window Jul09 to Mar10 Jul09 to Mar10 Jul09 to Mar10 Jul09 to Mar10 Jul09 to Mar10 Jun09 to Jan10
Maturity #mos 118 118 118 118 118 116
Accrued Interest 1,026,185.25 1,026,185.25 1,026,185.25 1,026,185.25 1,026,185.25 1,026,185.25
Total Collat Loss 0.00 (0.00%) 0.00 (0.00%) 0.00 (0.00%) 0.00 (0.00%) 0.00 (0.00%) 0.00 (0.00%)
Prepay At 0 CPR At 10 CPR At 15 CPR At 25 CPR At 50 CPR At 100 CPR
No prepays During any YM During any YM During any YM During any YM During any YM During any YM
Lockout and penalties Include penalty Include penalty Include penalty Include penalty Include penalty Include penalty
Ext., if balloon None None None None None None
Pay Exten Princ
Default At 0 CDR At 0 CDR At 0 CDR At 0 CDR At 0 CDR At 0 CDR
Loss Severity 0 0 0 0 0 0
Servicer Advances 100% of P & I 100% of P & I 100% of P & I 100% of P & I 100% of P & I 100% of P & I
Recovery Lag 0 mos 0 mos 0 mos 0 mos 0 mos 0 mos
- -------------------------------------------------------------------------------------------------------------------------------
CMT_3MO 5.820 5.820 5.820 5.820 5.820 5.820
CMT_6MO 6.000 6.000 6.000 6.000 6.000 6.000
CMT_1YR 6.030 6.030 6.030 6.030 6.030 6.030
CMT_2YR 6.345 6.345 6.345 6.345 6.345 6.345
CMT_5YR 6.256 6.256 6.256 6.256 6.256 6.256
CMT_10YR 6.030 6.030 6.030 6.030 6.030 6.030
CMT_30YR 5.880 5.880 5.880 5.880 5.880 5.880
- -------------------------------------------------------------------------------------------------------------------------------
</TABLE>
- --------------------------------------------------------------------------------
Investors should read the Underwriters' Statement which accompanies these
Computational Materials. Prospective investors are advised to carefully read,
and should rely solely on, the final prospectus and prospectus supplement
(collectively, the "Final Prospectus") relating to the certificates referred to
herein (the "Offered Certificates") in making their investment decision. These
Computational Materials have been based upon the assumptions described above,
which most likely will not represent the actual experience of the Mortgage Pool
in the future. No representation is made herein as to the actual rate or timing
of principal payments or prepayments on any of the underlying Mortgage Loans in
the Mortgage Pool or the actual performance characteristics of the Offered
Certificates. Prior to making any investment decision, a prospective investor
should receive and fully review the Final Prospectus. NOTHING HEREIN SHOULD BE
CONSIDERED AN OFFER TO SELL OR SOLICITATION OF AN OFFER TO BUY ANY OFFERED
CERTIFICATES.
- --------------------------------------------------------------------------------
<PAGE>
FUNB 00-C1, CLASS AA--PRICE/YIELD
<TABLE>
<S> <C> <C> <C> <C> <C>
- -------------------------------------------------------------------------------------------------------------
CUSIP Face $39,155,000.00 Settle at Pricing
Coupon 7.735 Original Balance $39,155,000.00 Accrual begins 5/1/2000
Delay 14 Current Balance $39,155,000.00 Factor Date N/A
Stated Maturity N/A Factor 1 ---------------------------------
Type JUN FIX CAP -------------------------------------
- ---------------------------------------
</TABLE>
YIELD CURVE: Spread off interpolated node
3MO=5.82, 6MO=6.00, 1YR=6.03, 2YR=6.345, 5YR=6.256, 10YR=6.03, 30YR=5.88
<TABLE>
<CAPTION>
- -------------------------------------------------------------------------------------------------------------------------------
PRICE 0 CPR 10 CPR AFTER YM 15 CPR AFTER YM 25 CPR AFTER YM 50 CPR AFTER YM 100 CPR AFTER YM
Yield
- -------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
100-08 7.7786 7.7786 7.7786 7.7786 7.7785 7.7774
100-09 7.7740 7.7739 7.7739 7.7739 7.7738 7.7727
100-10 7.7693 7.7693 7.7693 7.7693 7.7692 7.7680
100-11 7.7647 7.7647 7.7646 7.7646 7.7645 7.7633
100-12 7.7601 7.7600 7.7600 7.7600 7.7599 7.7586
100-13 7.7554 7.7554 7.7554 7.7553 7.7552 7.7539
100-14 7.7508 7.7507 7.7507 7.7507 7.7506 7.7492
100-15 7.7461 7.7461 7.7461 7.7461 7.7459 7.7445
100-16 7.7415 7.7415 7.7415 7.7414 7.7413 7.7398
100-17 7.7369 7.7369 7.7368 7.7368 7.7367 7.7351
100-18 7.7323 7.7322 7.7322 7.7322 7.7320 7.7304
100-19 7.7276 7.7276 7.7276 7.7275 7.7274 7.7257
100-20 7.7230 7.7230 7.7230 7.7229 7.7228 7.7210
100-21 7.7184 7.7184 7.7183 7.7183 7.7181 7.7163
100-22 7.7138 7.7137 7.7137 7.7137 7.7135 7.7116
100-23 7.7092 7.7091 7.7091 7.7090 7.7089 7.7069
100-24 7.7045 7.7045 7.7045 7.7044 7.7043 7.7022
- -------------------------------------------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------------------------------------------------------
Spread @ Center Price 170.66 170.64 170.62 170.60 170.51 169.52
WAL 9.89190 9.88700 9.88450 9.87900 9.86240 9.67780
Mod Durn 6.703 6.701 6.699 6.697 6.689 6.605
Mod Convexity 0.591 0.590 0.590 0.589 0.588 0.572
Principal Window Mar10 to Apr10 Mar10 to Apr10 Mar10 to Apr10 Mar10 to Apr10 Mar10 to Apr10 Jan10 to Jan10
Maturity #mos 119 119 119 119 119 116
Accrued Interest 84,128.87 84,128.87 84,128.87 84,128.87 84,128.87 84,128.87
Total Collat Loss 0.00 (0.00%) 0.00 (0.00%) 0.00 (0.00%) 0.00 (0.00%) 0.00 (0.00%) 0.00 (0.00%)
Prepay At 0 CPR At 10 CPR At 15 CPR At 25 CPR At 50 CPR At 100 CPR
No prepays During any YM During any YM During any YM During any YM During any YM During any YM
Lockout and penalties Include penalty Include penalty Include penalty Include penalty Include penalty Include penalty
Ext., if balloon None None None None None None
Pay Exten Princ
Default At 0 CDR At 0 CDR At 0 CDR At 0 CDR At 0 CDR At 0 CDR
Loss Severity 0 0 0 0 0 0
Servicer Advances 100% of P & I 100% of P & I 100% of P & I 100% of P & I 100% of P & I 100% of P & I
Recovery Lag 0 mos 0 mos 0 mos 0 mos 0 mos 0 mos
- -------------------------------------------------------------------------------------------------------------------------------
CMT_3MO 5.820 5.820 5.820 5.820 5.820 5.820
CMT_6MO 6.000 6.000 6.000 6.000 6.000 6.000
CMT_1YR 6.030 6.030 6.030 6.030 6.030 6.030
CMT_2YR 6.345 6.345 6.345 6.345 6.345 6.345
CMT_5YR 6.256 6.256 6.256 6.256 6.256 6.256
CMT_10YR 6.030 6.030 6.030 6.030 6.030 6.030
CMT_30YR 5.880 5.880 5.880 5.880 5.880 5.880
- -------------------------------------------------------------------------------------------------------------------------------
</TABLE>
- --------------------------------------------------------------------------------
Investors should read the Underwriters' Statement which accompanies these
Computational Materials. Prospective investors are advised to carefully read,
and should rely solely on, the final prospectus and prospectus supplement
(collectively, the "Final Prospectus") relating to the certificates referred to
herein (the "Offered Certificates") in making their investment decision. These
Computational Materials have been based upon the assumptions described above,
which most likely will not represent the actual experience of the Mortgage Pool
in the future. No representation is made herein as to the actual rate or timing
of principal payments or prepayments on any of the underlying Mortgage Loans in
the Mortgage Pool or the actual performance characteristics of the Offered
Certificates. Prior to making any investment decision, a prospective investor
should receive and fully review the Final Prospectus. NOTHING HEREIN SHOULD BE
CONSIDERED AN OFFER TO SELL OR SOLICITATION OF AN OFFER TO BUY ANY OFFERED
CERTIFICATES.
- --------------------------------------------------------------------------------
<PAGE>
FUNB 00-C1, CLASS A--PRICE/YIELD
<TABLE>
<S> <C> <C> <C> <C> <C>
- -------------------------------------------------------------------------------------------------------------
CUSIP Face $35,239,000.00 Settle at Pricing
Coupon 7.851 Original Balance $35,239,000.00 Accrual begins 5/1/2000
Delay 14 Current Balance $35,239,000.00 Factor Date N/A
Stated Maturity N/A Factor 1 ---------------------------------
Type JUN FIX CAP -------------------------------------
- ---------------------------------------
</TABLE>
YIELD CURVE: Spread off interpolated node
3MO=5.82, 6MO=6.00, 1YR=6.03, 2YR=6.345, 5YR=6.256, 10YR=6.03, 30YR=5.88
<TABLE>
<CAPTION>
- -------------------------------------------------------------------------------------------------------------------------------
PRICE 0 CPR 10 CPR AFTER YM 15 CPR AFTER YM 25 CPR AFTER YM 50 CPR AFTER YM 100 CPR AFTER YM
Yield
- -------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
100-08 7.8975 7.8975 7.8975 7.8975 7.8975 7.8966
100-09 7.8928 7.8928 7.8929 7.8929 7.8929 7.8919
100-10 7.8882 7.8882 7.8882 7.8882 7.8882 7.8871
100-11 7.8835 7.8835 7.8835 7.8835 7.8836 7.8824
100-12 7.8789 7.8789 7.8789 7.8789 7.8789 7.8777
100-13 7.8742 7.8742 7.8742 7.8742 7.8743 7.8730
100-14 7.8696 7.8696 7.8696 7.8696 7.8696 7.8683
100-15 7.8649 7.8649 7.8649 7.8649 7.8650 7.8636
100-16 7.8603 7.8603 7.8603 7.8603 7.8603 7.8589
100-17 7.8557 7.8557 7.8557 7.8557 7.8557 7.8542
100-18 7.8510 7.8510 7.8510 7.8510 7.8510 7.8495
100-19 7.8464 7.8464 7.8464 7.8464 7.8464 7.8449
100-20 7.8417 7.8417 7.8417 7.8417 7.8418 7.8402
100-21 7.8371 7.8371 7.8371 7.8371 7.8371 7.8355
100-22 7.8325 7.8325 7.8325 7.8325 7.8325 7.8308
100-23 7.8278 7.8278 7.8278 7.8278 7.8279 7.8261
100-24 7.8232 7.8232 7.8232 7.8232 7.8232 7.8214
- -------------------------------------------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------------------------------------------------------
Spread @ Center Price 182.70 182.70 182.70 182.70 182.71 181.81
WAL 9.92780 9.92780 9.92780 9.92780 9.92780 9.76070
Mod Durn 6.682 6.682 6.682 6.682 6.682 6.607
Mod Convexity 0.589 0.589 0.589 0.589 0.589 0.574
Principal Window Apr10 to Apr10 Apr10 to Apr10 Apr10 to Apr10 Apr10 to Apr10 Apr10 to Apr10 Jan10 to Feb10
Maturity #mos 119 119 119 119 119 117
Accrued Interest 76,850.39 76,850.39 76,850.39 76,850.39 76,850.39 76,850.39
Total Collat Loss 0.00 (0.00%) 0.00 (0.00%) 0.00 (0.00%) 0.00 (0.00%) 0.00 (0.00%) 0.00 (0.00%)
Prepay At 0 CPR At 10 CPR At 15 CPR At 25 CPR At 50 CPR At 100 CPR
No prepays During any YM During any YM During any YM During any YM During any YM During any YM
Lockout and penalties Include penalty Include penalty Include penalty Include penalty Include penalty Include penalty
Ext., if balloon None None None None None None
Pay Exten Princ
Default At 0 CDR At 0 CDR At 0 CDR At 0 CDR At 0 CDR At 0 CDR
Loss Severity 0 0 0 0 0 0
Servicer Advances 100% of P & I 100% of P & I 100% of P & I 100% of P & I 100% of P & I 100% of P & I
Recovery Lag 0 mos 0 mos 0 mos 0 mos 0 mos 0 mos
- -------------------------------------------------------------------------------------------------------------------------------
CMT_3MO 5.820 5.820 5.820 5.820 5.820 5.820
CMT_6MO 6.000 6.000 6.000 6.000 6.000 6.000
CMT_1YR 6.030 6.030 6.030 6.030 6.030 6.030
CMT_2YR 6.345 6.345 6.345 6.345 6.345 6.345
CMT_5YR 6.256 6.256 6.256 6.256 6.256 6.256
CMT_10YR 6.030 6.030 6.030 6.030 6.030 6.030
CMT_30YR 5.880 5.880 5.880 5.880 5.880 5.880
- -------------------------------------------------------------------------------------------------------------------------------
</TABLE>
- --------------------------------------------------------------------------------
Investors should read the Underwriters' Statement which accompanies these
Computational Materials. Prospective investors are advised to carefully read,
and should rely solely on, the final prospectus and prospectus supplement
(collectively, the "Final Prospectus") relating to the certificates referred to
herein (the "Offered Certificates") in making their investment decision. These
Computational Materials have been based upon the assumptions described above,
which most likely will not represent the actual experience of the Mortgage Pool
in the future. No representation is made herein as to the actual rate or timing
of principal payments or prepayments on any of the underlying Mortgage Loans in
the Mortgage Pool or the actual performance characteristics of the Offered
Certificates. Prior to making any investment decision, a prospective investor
should receive and fully review the Final Prospectus. NOTHING HEREIN SHOULD BE
CONSIDERED AN OFFER TO SELL OR SOLICITATION OF AN OFFER TO BUY ANY OFFERED
CERTIFICATES.
- --------------------------------------------------------------------------------
<PAGE>
FUNB 00-C1, CLASS AM--PRICE/YIELD
<TABLE>
<S> <C> <C> <C> <C> <C>
- -------------------------------------------------------------------------------------------------------------
CUSIP Face $11,747,000.00 Settle at Pricing
Coupon 7.949 Original Balance $11,747,000.00 Accrual begins 5/1/2000
Delay 14 Current Balance $11,747,000.00 Factor Date N/A
Stated Maturity N/A Factor 1 ---------------------------------
Type JUN FIX CAP -------------------------------------
- ---------------------------------------
</TABLE>
YIELD CURVE: Spread off interpolated node
3MO=5.82, 6MO=6.00, 1YR=6.03, 2YR=6.345, 5YR=6.256, 10YR=6.03, 30YR=5.88
<TABLE>
<CAPTION>
- -------------------------------------------------------------------------------------------------------------------------------
PRICE 0 CPR 10 CPR AFTER YM 15 CPR AFTER YM 25 CPR AFTER YM 50 CPR AFTER YM 100 CPR AFTER YM
Yield
- -------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
100-08 7.9978 7.9978 7.9978 7.9978 7.9978 7.9969
100-09 7.9931 7.9931 7.9931 7.9931 7.9932 7.9921
100-10 7.9885 7.9885 7.9885 7.9885 7.9885 7.9874
100-11 7.9838 7.9838 7.9838 7.9838 7.9838 7.9827
100-12 7.9791 7.9791 7.9791 7.9791 7.9791 7.9780
100-13 7.9744 7.9744 7.9744 7.9744 7.9745 7.9732
100-14 7.9698 7.9698 7.9698 7.9698 7.9698 7.9685
100-15 7.9651 7.9651 7.9651 7.9651 7.9651 7.9638
100-16 7.9604 7.9604 7.9604 7.9604 7.9605 7.9591
100-17 7.9558 7.9558 7.9558 7.9558 7.9558 7.9544
100-18 7.9511 7.9511 7.9511 7.9511 7.9511 7.9496
100-19 7.9465 7.9465 7.9465 7.9465 7.9465 7.9449
100-20 7.9418 7.9418 7.9418 7.9418 7.9418 7.9402
100-21 7.9371 7.9371 7.9371 7.9371 7.9372 7.9355
100-22 7.9325 7.9325 7.9325 7.9325 7.9325 7.9308
100-23 7.9278 7.9278 7.9278 7.9278 7.9279 7.9261
100-24 7.9232 7.9232 7.9232 7.9232 7.9232 7.9214
- -------------------------------------------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------------------------------------------------------
Spread @ Center Price 192.72 192.72 192.72 192.72 192.72 191.83
WAL 9.92780 9.92780 9.92780 9.92780 9.92780 9.76110
Mod Durn 6.652 6.652 6.652 6.652 6.652 6.578
Mod Convexity 0.585 0.585 0.585 0.585 0.585 0.571
Principal Window Apr10 to Apr10 Apr10 to Apr10 Apr10 to Apr10 Apr10 to Apr10 Apr10 to Apr10 Feb10 to Feb10
Maturity #mos 119 119 119 119 119 117
Accrued Interest 25,938.03 25,938.03 25,938.03 25,938.03 25,938.03 25,938.03
Total Collat Loss 0.00 (0.00%) 0.00 (0.00%) 0.00 (0.00%) 0.00 (0.00%) 0.00 (0.00%) 0.00 (0.00%)
Prepay At 0 CPR At 10 CPR At 15 CPR At 25 CPR At 50 CPR At 100 CPR
No prepays During any YM During any YM During any YM During any YM During any YM During any YM
Lockout and penalties Include penalty Include penalty Include penalty Include penalty Include penalty Include penalty
Ext., if balloon None None None None None None
Pay Exten Princ
Default At 0 CDR At 0 CDR At 0 CDR At 0 CDR At 0 CDR At 0 CDR
Loss Severity 0 0 0 0 0 0
Servicer Advances 100% of P & I 100% of P & I 100% of P & I 100% of P & I 100% of P & I 100% of P & I
Recovery Lag 0 mos 0 mos 0 mos 0 mos 0 mos 0 mos
- -------------------------------------------------------------------------------------------------------------------------------
CMT_3MO 5.820 5.820 5.820 5.820 5.820 5.820
CMT_6MO 6.000 6.000 6.000 6.000 6.000 6.000
CMT_1YR 6.030 6.030 6.030 6.030 6.030 6.030
CMT_2YR 6.345 6.345 6.345 6.345 6.345 6.345
CMT_5YR 6.256 6.256 6.256 6.256 6.256 6.256
CMT_10YR 6.030 6.030 6.030 6.030 6.030 6.030
CMT_30YR 5.880 5.880 5.880 5.880 5.880 5.880
- -------------------------------------------------------------------------------------------------------------------------------
</TABLE>
- --------------------------------------------------------------------------------
Investors should read the Underwriters' Statement which accompanies these
Computational Materials. Prospective investors are advised to carefully read,
and should rely solely on, the final prospectus and prospectus supplement
(collectively, the "Final Prospectus") relating to the certificates referred to
herein (the "Offered Certificates") in making their investment decision. These
Computational Materials have been based upon the assumptions described above,
which most likely will not represent the actual experience of the Mortgage Pool
in the future. No representation is made herein as to the actual rate or timing
of principal payments or prepayments on any of the underlying Mortgage Loans in
the Mortgage Pool or the actual performance characteristics of the Offered
Certificates. Prior to making any investment decision, a prospective investor
should receive and fully review the Final Prospectus. NOTHING HEREIN SHOULD BE
CONSIDERED AN OFFER TO SELL OR SOLICITATION OF AN OFFER TO BUY ANY OFFERED
CERTIFICATES.
- --------------------------------------------------------------------------------
<PAGE>
FUNB 00-C1, CLASS BBB--PRICE/YIELD
<TABLE>
<S> <C> <C> <C> <C> <C>
- -------------------------------------------------------------------------------------------------------------
CUSIP Face $25,451,000.00 Settle at Pricing
Coupon 8.4993 Original Balance $25,451,000.00 Accrual begins 5/1/2000
Delay 14 Current Balance $25,451,000.00 Factor Date N/A
Stated Maturity N/A Factor 1 ---------------------------------
Type JUN WAC -------------------------------------
- ---------------------------------------
</TABLE>
YIELD CURVE: Spread off interpolated node
3MO=5.82, 6MO=6.00, 1YR=6.03, 2YR=6.345, 5YR=6.256, 10YR=6.03, 30YR=5.88
<TABLE>
<CAPTION>
- -------------------------------------------------------------------------------------------------------------------------------
PRICE 0 CPR 10 CPR AFTER YM 15 CPR AFTER YM 25 CPR AFTER YM 50 CPR AFTER YM 100 CPR AFTER YM
Yield
- -------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
100-08 8.4261 8.4261 8.4261 8.4261 8.4260 8.4223
100-09 8.4213 8.4213 8.4213 8.4213 8.4212 8.4174
100-10 8.4166 8.4166 8.4166 8.4165 8.4165 8.4126
100-11 8.4118 8.4118 8.4118 8.4118 8.4117 8.4078
100-12 8.4071 8.4070 8.4070 8.4070 8.4069 8.4030
100-13 8.4023 8.4023 8.4023 8.4022 8.4022 8.3982
100-14 8.3975 8.3975 8.3975 8.3975 8.3974 8.3934
100-15 8.3928 8.3928 8.3928 8.3927 8.3927 8.3885
100-16 8.3880 8.3880 8.3880 8.3880 8.3879 8.3837
100-17 8.3833 8.3833 8.3832 8.3832 8.3832 8.3789
100-18 8.3785 8.3785 8.3785 8.3785 8.3784 8.3741
100-19 8.3738 8.3738 8.3737 8.3737 8.3737 8.3693
100-20 8.3690 8.3690 8.3690 8.3690 8.3689 8.3645
100-21 8.3643 8.3643 8.3643 8.3642 8.3642 8.3597
100-22 8.3595 8.3595 8.3595 8.3595 8.3594 8.3549
100-23 8.3548 8.3548 8.3548 8.3547 8.3547 8.3501
100-24 8.3501 8.3500 8.3500 8.3500 8.3499 8.3454
- -------------------------------------------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------------------------------------------------------
Spread @ Center Price 235.48 235.47 235.47 235.47 235.46 234.29
WAL 9.92780 9.92780 9.92780 9.92780 9.92780 9.76110
Mod Durn 6.525 6.525 6.525 6.525 6.525 6.454
Mod Convexity 0.569 0.569 0.569 0.569 0.569 0.555
Principal Window Apr10 to Apr10 Apr10 to Apr10 Apr10 to Apr10 Apr10 to Apr10 Apr10 to Apr10 Feb10 to Feb10
Maturity #mos 119 119 119 119 119 117
Accrued Interest 60,087.69 60,087.69 60,087.69 60,087.69 60,087.69 60,087.69
Total Collat Loss 0.00 (0.00%) 0.00 (0.00%) 0.00 (0.00%) 0.00 (0.00%) 0.00 (0.00%) 0.00 (0.00%)
Prepay At 0 CPR At 10 CPR At 15 CPR At 25 CPR At 50 CPR At 100 CPR
No prepays During any YM During any YM During any YM During any YM During any YM During any YM
Lockout and penalties Include penalty Include penalty Include penalty Include penalty Include penalty Include penalty
Ext., if balloon None None None None None None
Pay Exten Princ
Default At 0 CDR At 0 CDR At 0 CDR At 0 CDR At 0 CDR At 0 CDR
Loss Severity 0 0 0 0 0 0
Servicer Advances 100% of P & I 100% of P & I 100% of P & I 100% of P & I 100% of P & I 100% of P & I
Recovery Lag 0 mos 0 mos 0 mos 0 mos 0 mos 0 mos
- -------------------------------------------------------------------------------------------------------------------------------
CMT_3MO 5.820 5.820 5.820 5.820 5.820 5.820
CMT_6MO 6.000 6.000 6.000 6.000 6.000 6.000
CMT_1YR 6.030 6.030 6.030 6.030 6.030 6.030
CMT_2YR 6.345 6.345 6.345 6.345 6.345 6.345
CMT_5YR 6.256 6.256 6.256 6.256 6.256 6.256
CMT_10YR 6.030 6.030 6.030 6.030 6.030 6.030
CMT_30YR 5.880 5.880 5.880 5.880 5.880 5.880
- -------------------------------------------------------------------------------------------------------------------------------
</TABLE>
- --------------------------------------------------------------------------------
Investors should read the Underwriters' Statement which accompanies these
Computational Materials. Prospective investors are advised to carefully read,
and should rely solely on, the final prospectus and prospectus supplement
(collectively, the "Final Prospectus") relating to the certificates referred to
herein (the "Offered Certificates") in making their investment decision. These
Computational Materials have been based upon the assumptions described above,
which most likely will not represent the actual experience of the Mortgage Pool
in the future. No representation is made herein as to the actual rate or timing
of principal payments or prepayments on any of the underlying Mortgage Loans in
the Mortgage Pool or the actual performance characteristics of the Offered
Certificates. Prior to making any investment decision, a prospective investor
should receive and fully review the Final Prospectus. NOTHING HEREIN SHOULD BE
CONSIDERED AN OFFER TO SELL OR SOLICITATION OF AN OFFER TO BUY ANY OFFERED
CERTIFICATES.
- --------------------------------------------------------------------------------
<PAGE>
FUNB 00-C1, CLASS BBBM--PRICE/YIELD
<TABLE>
<S> <C> <C> <C> <C> <C>
- -------------------------------------------------------------------------------------------------------------
CUSIP Face $11,746,000.00 Settle at Pricing
Coupon 8.4993 Original Balance $11,746,000.00 Accrual begins 5/1/2000
Delay 14 Current Balance $11,746,000.00 Factor Date N/A
Stated Maturity N/A Factor 1 ---------------------------------
Type JUN WAC -------------------------------------
- ---------------------------------------
</TABLE>
YIELD CURVE: Spread off interpolated node
3MO=5.82, 6MO=6.00, 1YR=6.03, 2YR=6.345, 5YR=6.256, 10YR=6.03, 30YR=5.88
<TABLE>
<CAPTION>
- -------------------------------------------------------------------------------------------------------------------------------
PRICE 0 CPR 10 CPR AFTER YM 15 CPR AFTER YM 25 CPR AFTER YM 50 CPR AFTER YM 100 CPR AFTER YM
Yield
- -------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
97-06 8.8566 8.8582 8.8590 8.8605 8.8635 8.8683
97-07 8.8519 8.8536 8.8544 8.8559 8.8588 8.8635
97-08 8.8472 8.8489 8.8497 8.8512 8.8541 8.8588
97-09 8.8426 8.8442 8.8450 8.8465 8.8494 8.8540
97-10 8.8379 8.8395 8.8403 8.8418 8.8447 8.8493
97-11 8.8333 8.8349 8.8357 8.8371 8.8400 8.8446
97-12 8.8286 8.8302 8.8310 8.8324 8.8353 8.8398
97-13 8.8239 8.8255 8.8263 8.8278 8.8306 8.8351
97-14 8.8193 8.8209 8.8216 8.8231 8.8259 8.8303
97-15 8.8146 8.8162 8.8170 8.8184 8.8212 8.8256
97-16 8.8100 8.8116 8.8123 8.8138 8.8165 8.8209
97-17 8.8053 8.8069 8.8077 8.8091 8.8119 8.8162
97-18 8.8007 8.8023 8.8030 8.8044 8.8072 8.8114
97-19 8.7961 8.7976 8.7983 8.7998 8.8025 8.8067
97-20 8.7914 8.7929 8.7937 8.7951 8.7978 8.8020
97-21 8.7868 8.7883 8.7890 8.7904 8.7931 8.7973
97-22 8.7821 8.7837 8.7844 8.7858 8.7885 8.7925
- -------------------------------------------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------------------------------------------------------
Spread @ Center Price 279.68 279.82 279.88 280.00 280.24 280.56
WAL 11.00740 10.97350 10.95690 10.92510 10.86360 10.70080
Mod Durn 6.876 6.864 6.858 6.846 6.823 6.758
Mod Convexity 0.648 0.645 0.644 0.641 0.636 0.623
Principal Window Apr10 to Apr12 Apr10 to Apr12 Apr10 to Apr12 Apr10 to Mar12 Apr10 to Feb12 Feb10 to Feb12
Maturity #mos 143 143 143 142 141 141
Accrued Interest 27,731.33 27,731.33 27,731.33 27,731.33 27,731.33 27,731.33
Total Collat Loss 0.00 (0.00%) 0.00 (0.00%) 0.00 (0.00%) 0.00 (0.00%) 0.00 (0.00%) 0.00 (0.00%)
Prepay At 0 CPR At 10 CPR At 15 CPR At 25 CPR At 50 CPR At 100 CPR
No prepays During any YM During any YM During any YM During any YM During any YM During any YM
Lockout and penalties Include penalty Include penalty Include penalty Include penalty Include penalty Include penalty
Ext., if balloon None None None None None None
Pay Exten Princ
Default At 0 CDR At 0 CDR At 0 CDR At 0 CDR At 0 CDR At 0 CDR
Loss Severity 0 0 0 0 0 0
Servicer Advances 100% of P & I 100% of P & I 100% of P & I 100% of P & I 100% of P & I 100% of P & I
Recovery Lag 0 mos 0 mos 0 mos 0 mos 0 mos 0 mos
- -------------------------------------------------------------------------------------------------------------------------------
CMT_3MO 5.820 5.820 5.820 5.820 5.820 5.820
CMT_6MO 6.000 6.000 6.000 6.000 6.000 6.000
CMT_1YR 6.030 6.030 6.030 6.030 6.030 6.030
CMT_2YR 6.345 6.345 6.345 6.345 6.345 6.345
CMT_5YR 6.256 6.256 6.256 6.256 6.256 6.256
CMT_10YR 6.030 6.030 6.030 6.030 6.030 6.030
CMT_30YR 5.880 5.880 5.880 5.880 5.880 5.880
- -------------------------------------------------------------------------------------------------------------------------------
</TABLE>
- --------------------------------------------------------------------------------
Investors should read the Underwriters' Statement which accompanies these
Computational Materials. Prospective investors are advised to carefully read,
and should rely solely on, the final prospectus and prospectus supplement
(collectively, the "Final Prospectus") relating to the certificates referred to
herein (the "Offered Certificates") in making their investment decision. These
Computational Materials have been based upon the assumptions described above,
which most likely will not represent the actual experience of the Mortgage Pool
in the future. No representation is made herein as to the actual rate or timing
of principal payments or prepayments on any of the underlying Mortgage Loans in
the Mortgage Pool or the actual performance characteristics of the Offered
Certificates. Prior to making any investment decision, a prospective investor
should receive and fully review the Final Prospectus. NOTHING HEREIN SHOULD BE
CONSIDERED AN OFFER TO SELL OR SOLICITATION OF AN OFFER TO BUY ANY OFFERED
CERTIFICATES.
- --------------------------------------------------------------------------------
<PAGE>
FUNB 00-C1, CLASS X--PRICE/YIELD
<TABLE>
<S> <C> <C> <C> <C> <C>
- -------------------------------------------------------------------------------------------------------------
CUSIP Face $783,097,303.54 Settle at Pricing
Coupon 0.976 Original Balance $783,097,303.54 Accrual begins 5/1/2000
Delay 14 Current Balance $783,097,303.54 Factor Date N/A
Stated Maturity N/A Factor 1 ---------------------------------
Type SEN WAC IO -------------------------------------
- ---------------------------------------
</TABLE>
YIELD CURVE: Spread off interpolated node
3MO=5.82, 6MO=6.00, 1YR=6.03, 2YR=6.345, 5YR=6.256, 10YR=6.03, 30YR=5.88
<TABLE>
<CAPTION>
- -------------------------------------------------------------------------------------------------------------------------------
PRICE 0 CPR 10 CPR AFTER YM 15 CPR AFTER YM 25 CPR AFTER YM 50 CPR AFTER YM 100 CPR AFTER YM
Yield
- -------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
5-03 10.9254 10.9008 10.8918 10.8774 10.8509 10.6472
5-03+ 10.8525 10.8277 10.8186 10.8041 10.7775 10.5733
5-04 10.7800 10.7550 10.7458 10.7312 10.7045 10.4998
5-04+ 10.7078 10.6826 10.6733 10.6587 10.6318 10.4267
5-05 10.6360 10.6106 10.6012 10.5865 10.5595 10.3539
5-05+ 10.5645 10.5389 10.5295 10.5147 10.4875 10.2814
5-06 10.4934 10.4676 10.4581 10.4432 10.4159 10.2093
5-06+ 10.4227 10.3966 10.3871 10.3721 10.3446 10.1376
5-07 10.3523 10.3260 10.3164 10.3013 10.2737 10.0662
5-07+ 10.2822 10.2558 10.2461 10.2309 10.2032 9.9952
5-08 10.2125 10.1858 10.1761 10.1608 10.1329 9.9245
5-08+ 10.1431 10.1162 10.1064 10.0910 10.0631 9.8541
5-09 10.0741 10.0470 10.0371 10.0216 9.9935 9.7841
5-09+ 10.0054 9.9781 9.9681 9.9525 9.9243 9.7144
5-10 9.9370 9.9095 9.8995 9.8838 9.8554 9.6451
5-10+ 9.8690 9.8412 9.8312 9.8153 9.7869 9.5761
5-11 9.8013 9.7733 9.7632 9.7472 9.7186 9.5074
- -------------------------------------------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------------------------------------------------------
Spread @ Center Price 431.37 428.57 427.56 425.96 423.09 401.61
WAL 9.81130 9.77270 9.76020 9.74240 9.71570 9.55550
Mod Durn 4.241 4.229 4.224 4.219 4.211 4.183
Mod Convexity 0.298 0.294 0.293 0.292 0.290 0.286
Principal Window Jun00 to Sep29 Jun00 to Sep29 Jun00 to Sep29 Jun00 to Sep29 Jun00 to Sep29 Jun00 to Mar25
Maturity #mos 352 352 352 352 352 298
Accrued Interest 212,306.69 212,306.69 212,306.69 212,306.69 212,306.69 212,306.69
Total Collat Loss 0.00 (0.00%) 0.00 (0.00%) 0.00 (0.00%) 0.00 (0.00%) 0.00 (0.00%) 0.00 (0.00%)
Prepay At 0 CPR At 10 CPR At 15 CPR At 25 CPR At 50 CPR At 100 CPR
No prepays During any YM During any YM During any YM During any YM During any YM During any YM
Lockout and penalties Include penalty Include penalty Include penalty Include penalty Include penalty Include penalty
Ext., if balloon None None None None None None
Pay Exten Princ
Default At 0 CDR At 0 CDR At 0 CDR At 0 CDR At 0 CDR At 0 CDR
Loss Severity 0 0 0 0 0 0
Servicer Advances 100% of P & I 100% of P & I 100% of P & I 100% of P & I 100% of P & I 100% of P & I
Recovery Lag 0 mos 0 mos 0 mos 0 mos 0 mos 0 mos
- -------------------------------------------------------------------------------------------------------------------------------
CMT_3MO 5.820 5.820 5.820 5.820 5.820 5.820
CMT_6MO 6.000 6.000 6.000 6.000 6.000 6.000
CMT_1YR 6.030 6.030 6.030 6.030 6.030 6.030
CMT_2YR 6.345 6.345 6.345 6.345 6.345 6.345
CMT_5YR 6.256 6.256 6.256 6.256 6.256 6.256
CMT_10YR 6.030 6.030 6.030 6.030 6.030 6.030
CMT_30YR 5.880 5.880 5.880 5.880 5.880 5.880
- -------------------------------------------------------------------------------------------------------------------------------
</TABLE>
- --------------------------------------------------------------------------------
Investors should read the Underwriters' Statement which accompanies these
Computational Materials. Prospective investors are advised to carefully read,
and should rely solely on, the final prospectus and prospectus supplement
(collectively, the "Final Prospectus") relating to the certificates referred to
herein (the "Offered Certificates") in making their investment decision. These
Computational Materials have been based upon the assumptions described above,
which most likely will not represent the actual experience of the Mortgage Pool
in the future. No representation is made herein as to the actual rate or timing
of principal payments or prepayments on any of the underlying Mortgage Loans in
the Mortgage Pool or the actual performance characteristics of the Offered
Certificates. Prior to making any investment decision, a prospective investor
should receive and fully review the Final Prospectus. NOTHING HEREIN SHOULD BE
CONSIDERED AN OFFER TO SELL OR SOLICITATION OF AN OFFER TO BUY ANY OFFERED
CERTIFICATES.
- --------------------------------------------------------------------------------
<PAGE>
FUNB 00-C1, CLASS AAA_1--PRICE/YIELD
<TABLE>
<S> <C> <C> <C> <C> <C>
- -----------------------------------------------------------------------------------------------------------
CUSIP Face $96,000,000.00 Settle at Pricing
Coupon 7.487 Original Balance $96,000,000.00 Accrual begins 5/1/2000
Delay 14 Current Balance $96,000,000.00 Factor Date N/A
Stated Maturity N/A Factor 1 --------------------------------
Type SEN FIX CAP -------------------------------------
- --------------------------------------
</TABLE>
YIELD CURVE: Spread off interpolated node
3MO=5.82, 6MO=6.00, 1YR=6.03, 2YR=6.345, 5YR=6.256, 10YR=6.03, 30YR=5.88
<TABLE>
<CAPTION>
- -----------------------------------------------------------------------------------------------------------------------------
PRICE 0 CPR 10 CPR 15 CPR 25 CPR 50 CPR 100 CPR
Yield
- -----------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
100-08 7.4804 7.7738 7.8883 8.0695 8.3391 8.6758
100-09 7.4732 7.7658 7.8800 8.0606 8.3292 8.6645
100-10 7.4661 7.7578 7.8717 8.0517 8.3193 8.6531
100-11 7.4589 7.7498 7.8634 8.0428 8.3095 8.6418
100-12 7.4518 7.7419 7.8551 8.0339 8.2996 8.6304
100-13 7.4447 7.7339 7.8467 8.0250 8.2897 8.6191
100-14 7.4375 7.7259 7.8384 8.0161 8.2798 8.6078
100-15 7.4304 7.7180 7.8301 8.0072 8.2700 8.5965
100-16 7.4233 7.7100 7.8218 7.9984 8.2601 8.5852
100-17 7.4161 7.7020 7.8135 7.9895 8.2503 8.5739
100-18 7.4090 7.6941 7.8052 7.9807 8.2404 8.5626
100-19 7.4019 7.6861 7.7970 7.9718 8.2306 8.5514
100-20 7.3948 7.6782 7.7887 7.9629 8.2208 8.5401
100-21 7.3876 7.6702 7.7804 7.9541 8.2109 8.5288
100-22 7.3805 7.6623 7.7721 7.9453 8.2011 8.5176
100-23 7.3734 7.6543 7.7639 7.9364 8.1913 8.5063
100-24 7.3663 7.6464 7.7556 7.9276 8.1815 8.4951
- -----------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------
Spread @ Center Price 119.94 145.70 156.15 172.88 197.80 229.10
WAL 5.71070 5.06560 4.85480 4.54090 4.11900 3.71290
Mod Durn 4.352 3.897 3.740 3.500 3.150 2.747
Mod Convexity 0.278 0.230 0.216 0.195 0.170 0.152
Principal Window Jun00 to Jul09 Jun00 to Aug08 Jun00 to Jun08 Jun00 to Jun08 Jun00 to Jun08 Jun00 to Apr08
Maturity #mos 110 99 97 97 97 95
Accrued Interest 199,653.33 199,653.33 199,653.33 199,653.33 199,653.33 199,653.33
Total Collat Loss 0.00 (0.00%) 0.00 (0.00%) 0.00 (0.00%) 0.00 (0.00%) 0.00 (0.00%) 0.00 (0.00%)
Prepay At 0 CPR At 10 CPR At 15 CPR At 25 CPR At 50 CPR At 100 CPR
No prepays
Lockout and penalties Include penalty Include penalty Include penalty Include penalty Include penalty Include penalty
Ext., if balloon None None None None None None
Pay Exten Princ
Default At 0 CDR At 0 CDR At 0 CDR At 0 CDR At 0 CDR At 0 CDR
Loss Severity 0 0 0 0 0 0
Servicer Advances 100% of P & I 100% of P & I 100% of P & I 100% of P & I 100% of P & I 100% of P & I
Recovery Lag 0 mos 0 mos 0 mos 0 mos 0 mos 0 mos
- -----------------------------------------------------------------------------------------------------------------------------
CMT_3MO 5.820 5.820 5.820 5.820 5.820 5.820
CMT_6MO 6.000 6.000 6.000 6.000 6.000 6.000
CMT_1YR 6.030 6.030 6.030 6.030 6.030 6.030
CMT_2YR 6.345 6.345 6.345 6.345 6.345 6.345
CMT_5YR 6.256 6.256 6.256 6.256 6.256 6.256
CMT_10YR 6.030 6.030 6.030 6.030 6.030 6.030
CMT_30YR 5.880 5.880 5.880 5.880 5.880 5.880
- -----------------------------------------------------------------------------------------------------------------------------
</TABLE>
- --------------------------------------------------------------------------------
Investors should read the Underwriters' Statement which accompanies these
Computational Materials. Prospective investors are advised to carefully read,
and should rely solely on, the final prospectus and prospectus supplement
(collectively, the "Final Prospectus") relating to the certificates referred to
herein (the "Offered Certificates") in making their investment decision. These
Computational Materials have been based upon the assumptions described above,
which most likely will not represent the actual experience of the Mortgage Pool
in the future. No representation is made herein as to the actual rate or timing
of principal payments or prepayments on any of the underlying Mortgage Loans in
the Mortgage Pool or the actual performance characteristics of the Offered
Certificates. Prior to making any investment decision, a prospective investor
should receive and fully review the Final Prospectus. NOTHING HEREIN SHOULD BE
CONSIDERED AN OFFER TO SELL OR SOLICITATION OF AN OFFER TO BUY ANY OFFERED
CERTIFICATES.
- --------------------------------------------------------------------------------
<PAGE>
FUNB 00-C1, CLASS AAA_2--PRICE/YIELD
<TABLE>
<S> <C> <C> <C> <C> <C>
- -----------------------------------------------------------------------------------------------------------
CUSIP Face $485,449,000.00 Settle at Pricing
Coupon 7.61 Original Balance $485,449,000.00 Accrual begins 5/1/2000
Delay 14 Current Balance $485,449,000.00 Factor Date N/A
Stated Maturity N/A Factor 1 --------------------------------
Type JUN FIX CAP -------------------------------------
- --------------------------------------
</TABLE>
YIELD CURVE: Spread off interpolated node
3MO=5.82, 6MO=6.00, 1YR=6.03, 2YR=6.345, 5YR=6.256, 10YR=6.03, 30YR=5.88
<TABLE>
<CAPTION>
- -----------------------------------------------------------------------------------------------------------------------------
PRICE 0 CPR 10 CPR 15 CPR 25 CPR 50 CPR 100 CPR
Yield
- -----------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
100-08 7.6496 7.6505 7.6505 7.6500 7.6492 7.6481
100-09 7.6449 7.6458 7.6458 7.6453 7.6445 7.6433
100-10 7.6402 7.6411 7.6411 7.6405 7.6398 7.6386
100-11 7.6355 7.6365 7.6364 7.6358 7.6350 7.6338
100-12 7.6308 7.6318 7.6317 7.6311 7.6303 7.6291
100-13 7.6261 7.6271 7.6270 7.6265 7.6256 7.6243
100-14 7.6215 7.6224 7.6223 7.6218 7.6209 7.6195
100-15 7.6168 7.6177 7.6176 7.6171 7.6162 7.6148
100-16 7.6121 7.6130 7.6130 7.6124 7.6115 7.6100
100-17 7.6075 7.6083 7.6083 7.6077 7.6068 7.6053
100-18 7.6028 7.6037 7.6036 7.6030 7.6022 7.6005
100-19 7.5981 7.5990 7.5989 7.5983 7.5975 7.5958
100-20 7.5935 7.5943 7.5942 7.5936 7.5928 7.5910
100-21 7.5888 7.5896 7.5896 7.5889 7.5881 7.5863
100-22 7.5841 7.5850 7.5849 7.5843 7.5834 7.5815
100-23 7.5795 7.5803 7.5802 7.5796 7.5787 7.5768
100-24 7.5748 7.5756 7.5755 7.5749 7.5740 7.5721
- -----------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------
Spread @ Center Price 156.75 156.71 156.65 156.52 156.36 155.45
WAL 9.67610 9.64790 9.63560 9.62030 9.60210 9.43510
Mod Durn 6.642 6.629 6.623 6.615 6.607 6.528
Mod Convexity 0.576 0.574 0.573 0.572 0.570 0.555
Principal Window Jul09 to Mar10 Aug08 to Mar10 Jun08 to Mar10 Jun08 to Mar10 Jun08 to Mar10 Apr08 to Jan10
Maturity #mos 118 118 118 118 118 116
Accrued Interest 1,026,185.25 1,026,185.25 1,026,185.25 1,026,185.25 1,026,185.25 1,026,185.25
Total Collat Loss 0.00 (0.00%) 0.00 (0.00%) 0.00 (0.00%) 0.00 (0.00%) 0.00 (0.00%) 0.00 (0.00%)
Prepay At 0 CPR At 10 CPR At 15 CPR At 25 CPR At 50 CPR At 100 CPR
No prepays
Lockout and penalties Include penalty Include penalty Include penalty Include penalty Include penalty Include penalty
Ext., if balloon None None None None None None
Pay Exten Princ
Default At 0 CDR At 0 CDR At 0 CDR At 0 CDR At 0 CDR At 0 CDR
Loss Severity 0 0 0 0 0 0
Servicer Advances 100% of P & I 100% of P & I 100% of P & I 100% of P & I 100% of P & I 100% of P & I
Recovery Lag 0 mos 0 mos 0 mos 0 mos 0 mos 0 mos
- -----------------------------------------------------------------------------------------------------------------------------
CMT_3MO 5.820 5.820 5.820 5.820 5.820 5.820
CMT_6MO 6.000 6.000 6.000 6.000 6.000 6.000
CMT_1YR 6.030 6.030 6.030 6.030 6.030 6.030
CMT_2YR 6.345 6.345 6.345 6.345 6.345 6.345
CMT_5YR 6.256 6.256 6.256 6.256 6.256 6.256
CMT_10YR 6.030 6.030 6.030 6.030 6.030 6.030
CMT_30YR 5.880 5.880 5.880 5.880 5.880 5.880
- -----------------------------------------------------------------------------------------------------------------------------
</TABLE>
- --------------------------------------------------------------------------------
Investors should read the Underwriters' Statement which accompanies these
Computational Materials. Prospective investors are advised to carefully read,
and should rely solely on, the final prospectus and prospectus supplement
(collectively, the "Final Prospectus") relating to the certificates referred to
herein (the "Offered Certificates") in making their investment decision. These
Computational Materials have been based upon the assumptions described above,
which most likely will not represent the actual experience of the Mortgage Pool
in the future. No representation is made herein as to the actual rate or timing
of principal payments or prepayments on any of the underlying Mortgage Loans in
the Mortgage Pool or the actual performance characteristics of the Offered
Certificates. Prior to making any investment decision, a prospective investor
should receive and fully review the Final Prospectus. NOTHING HEREIN SHOULD BE
CONSIDERED AN OFFER TO SELL OR SOLICITATION OF AN OFFER TO BUY ANY OFFERED
CERTIFICATES.
- --------------------------------------------------------------------------------
<PAGE>
FUNB 00-C1, CLASS AA--PRICE/YIELD
<TABLE>
<S> <C> <C> <C> <C> <C>
- -----------------------------------------------------------------------------------------------------------
CUSIP Face $39,155,000.00 Settle at Pricing
Coupon 7.735 Original Balance $39,155,000.00 Accrual begins 5/1/2000
Delay 14 Current Balance $39,155,000.00 Factor Date N/A
Stated Maturity N/A Factor 1 --------------------------------
Type JUN FIX CAP -------------------------------------
- --------------------------------------
</TABLE>
YIELD CURVE: Spread off interpolated node
3MO=5.82, 6MO=6.00, 1YR=6.03, 2YR=6.345, 5YR=6.256, 10YR=6.03, 30YR=5.88
<TABLE>
<CAPTION>
- -----------------------------------------------------------------------------------------------------------------------------
PRICE 0 CPR 10 CPR 15 CPR 25 CPR 50 CPR 100 CPR
Yield
- -----------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
100-08 7.7786 7.7787 7.7787 7.7785 7.7784 7.7774
100-09 7.7740 7.7741 7.7740 7.7739 7.7737 7.7727
100-10 7.7693 7.7694 7.7694 7.7692 7.7691 7.7680
100-11 7.7647 7.7648 7.7647 7.7645 7.7644 7.7633
100-12 7.7601 7.7601 7.7601 7.7599 7.7598 7.7586
100-13 7.7554 7.7555 7.7554 7.7552 7.7551 7.7539
100-14 7.7508 7.7509 7.7508 7.7506 7.7505 7.7492
100-15 7.7461 7.7462 7.7461 7.7460 7.7458 7.7445
100-16 7.7415 7.7416 7.7415 7.7413 7.7412 7.7398
100-17 7.7369 7.7369 7.7369 7.7367 7.7365 7.7351
100-18 7.7323 7.7323 7.7322 7.7320 7.7319 7.7304
100-19 7.7276 7.7277 7.7276 7.7274 7.7272 7.7257
100-20 7.7230 7.7230 7.7230 7.7228 7.7226 7.7210
100-21 7.7184 7.7184 7.7183 7.7181 7.7180 7.7163
100-22 7.7138 7.7138 7.7137 7.7135 7.7133 7.7116
100-23 7.7092 7.7092 7.7091 7.7089 7.7087 7.7069
100-24 7.7045 7.7045 7.7044 7.7042 7.7041 7.7022
- -----------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------
Spread @ Center Price 170.66 170.55 170.51 170.45 170.41 169.52
WAL 9.89190 9.86670 9.85930 9.84920 9.84440 9.67780
Mod Durn 6.703 6.691 6.688 6.683 6.681 6.605
Mod Convexity 0.591 0.588 0.588 0.587 0.586 0.572
Principal Window Mar10 to Apr10 Mar10 to Apr10 Mar10 to Apr10 Mar10 to Apr10 Mar10 to Mar10 Jan10 to Jan10
Maturity #mos 119 119 119 119 118 116
Accrued Interest 84,128.87 84,128.87 84,128.87 84,128.87 84,128.87 84,128.87
Total Collat Loss 0.00 (0.00%) 0.00 (0.00%) 0.00 (0.00%) 0.00 (0.00%) 0.00 (0.00%) 0.00 (0.00%)
Prepay At 0 CPR At 10 CPR At 15 CPR At 25 CPR At 50 CPR At 100 CPR
No prepays
Lockout and penalties Include penalty Include penalty Include penalty Include penalty Include penalty Include penalty
Ext., if balloon None None None None None None
Pay Exten Princ
Default At 0 CDR At 0 CDR At 0 CDR At 0 CDR At 0 CDR At 0 CDR
Loss Severity 0 0 0 0 0 0
Servicer Advances 100% of P & I 100% of P & I 100% of P & I 100% of P & I 100% of P & I 100% of P & I
Recovery Lag 0 mos 0 mos 0 mos 0 mos 0 mos 0 mos
- -----------------------------------------------------------------------------------------------------------------------------
CMT_3MO 5.820 5.820 5.820 5.820 5.820 5.820
CMT_6MO 6.000 6.000 6.000 6.000 6.000 6.000
CMT_1YR 6.030 6.030 6.030 6.030 6.030 6.030
CMT_2YR 6.345 6.345 6.345 6.345 6.345 6.345
CMT_5YR 6.256 6.256 6.256 6.256 6.256 6.256
CMT_10YR 6.030 6.030 6.030 6.030 6.030 6.030
CMT_30YR 5.880 5.880 5.880 5.880 5.880 5.880
- -----------------------------------------------------------------------------------------------------------------------------
</TABLE>
- --------------------------------------------------------------------------------
Investors should read the Underwriters' Statement which accompanies these
Computational Materials. Prospective investors are advised to carefully read,
and should rely solely on, the final prospectus and prospectus supplement
(collectively, the "Final Prospectus") relating to the certificates referred to
herein (the "Offered Certificates") in making their investment decision. These
Computational Materials have been based upon the assumptions described above,
which most likely will not represent the actual experience of the Mortgage Pool
in the future. No representation is made herein as to the actual rate or timing
of principal payments or prepayments on any of the underlying Mortgage Loans in
the Mortgage Pool or the actual performance characteristics of the Offered
Certificates. Prior to making any investment decision, a prospective investor
should receive and fully review the Final Prospectus. NOTHING HEREIN SHOULD BE
CONSIDERED AN OFFER TO SELL OR SOLICITATION OF AN OFFER TO BUY ANY OFFERED
CERTIFICATES.
- --------------------------------------------------------------------------------
<PAGE>
FUNB 00-C1, CLASS A--PRICE/YIELD
<TABLE>
<S> <C> <C> <C> <C> <C>
- -----------------------------------------------------------------------------------------------------------
CUSIP Face $35,239,000.00 Settle at Pricing
Coupon 7.851 Original Balance $35,239,000.00 Accrual begins 5/1/2000
Delay 14 Current Balance $35,239,000.00 Factor Date N/A
Stated Maturity N/A Factor 1 --------------------------------
Type JUN FIX CAP -------------------------------------
- --------------------------------------
</TABLE>
YIELD CURVE: Spread off interpolated node
3MO=5.82, 6MO=6.00, 1YR=6.03, 2YR=6.345, 5YR=6.256, 10YR=6.03, 30YR=5.88
<TABLE>
<CAPTION>
- -----------------------------------------------------------------------------------------------------------------------------
PRICE 0 CPR 10 CPR 15 CPR 25 CPR 50 CPR 100 CPR
Yield
- -----------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
100-08 7.8975 7.8977 7.8977 7.8976 7.8974 7.8964
100-09 7.8928 7.8930 7.8930 7.8929 7.8928 7.8916
100-10 7.8882 7.8884 7.8884 7.8883 7.8881 7.8869
100-11 7.8835 7.8837 7.8837 7.8836 7.8835 7.8822
100-12 7.8789 7.8791 7.8791 7.8790 7.8788 7.8775
100-13 7.8742 7.8744 7.8744 7.8743 7.8742 7.8728
100-14 7.8696 7.8698 7.8698 7.8697 7.8695 7.8681
100-15 7.8649 7.8651 7.8651 7.8650 7.8648 7.8633
100-16 7.8603 7.8605 7.8605 7.8604 7.8602 7.8586
100-17 7.8557 7.8559 7.8558 7.8558 7.8556 7.8539
100-18 7.8510 7.8512 7.8512 7.8511 7.8509 7.8492
100-19 7.8464 7.8466 7.8466 7.8465 7.8463 7.8445
100-20 7.8417 7.8419 7.8419 7.8418 7.8416 7.8398
100-21 7.8371 7.8373 7.8373 7.8372 7.8370 7.8351
100-22 7.8325 7.8327 7.8327 7.8326 7.8323 7.8304
100-23 7.8278 7.8280 7.8280 7.8279 7.8277 7.8257
100-24 7.8232 7.8234 7.8234 7.8233 7.8231 7.8210
- -----------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------
Spread @ Center Price 182.70 182.72 182.72 182.71 182.62 181.62
WAL 9.92780 9.92780 9.92780 9.92780 9.91260 9.72550
Mod Durn 6.682 6.682 6.682 6.682 6.676 6.591
Mod Convexity 0.589 0.589 0.589 0.589 0.588 0.571
Principal Window Apr10 to Apr10 Apr10 to Apr10 Apr10 to Apr10 Apr10 to Apr10 Mar10 to Apr10 Jan10 to Feb10
Maturity #mos 119 119 119 119 119 117
Accrued Interest 76,850.39 76,850.39 76,850.39 76,850.39 76,850.39 76,850.39
Total Collat Loss 0.00 (0.00%) 0.00 (0.00%) 0.00 (0.00%) 0.00 (0.00%) 0.00 (0.00%) 0.00 (0.00%)
Prepay At 0 CPR At 10 CPR At 15 CPR At 25 CPR At 50 CPR At 100 CPR
No prepays
Lockout and penalties Include penalty Include penalty Include penalty Include penalty Include penalty Include penalty
Ext., if balloon None None None None None None
Pay Exten Princ
Default At 0 CDR At 0 CDR At 0 CDR At 0 CDR At 0 CDR At 0 CDR
Loss Severity 0 0 0 0 0 0
Servicer Advances 100% of P & I 100% of P & I 100% of P & I 100% of P & I 100% of P & I 100% of P & I
Recovery Lag 0 mos 0 mos 0 mos 0 mos 0 mos 0 mos
- -----------------------------------------------------------------------------------------------------------------------------
CMT_3MO 5.820 5.820 5.820 5.820 5.820 5.820
CMT_6MO 6.000 6.000 6.000 6.000 6.000 6.000
CMT_1YR 6.030 6.030 6.030 6.030 6.030 6.030
CMT_2YR 6.345 6.345 6.345 6.345 6.345 6.345
CMT_5YR 6.256 6.256 6.256 6.256 6.256 6.256
CMT_10YR 6.030 6.030 6.030 6.030 6.030 6.030
CMT_30YR 5.880 5.880 5.880 5.880 5.880 5.880
- -----------------------------------------------------------------------------------------------------------------------------
</TABLE>
- --------------------------------------------------------------------------------
Investors should read the Underwriters' Statement which accompanies these
Computational Materials. Prospective investors are advised to carefully read,
and should rely solely on, the final prospectus and prospectus supplement
(collectively, the "Final Prospectus") relating to the certificates referred to
herein (the "Offered Certificates") in making their investment decision. These
Computational Materials have been based upon the assumptions described above,
which most likely will not represent the actual experience of the Mortgage Pool
in the future. No representation is made herein as to the actual rate or timing
of principal payments or prepayments on any of the underlying Mortgage Loans in
the Mortgage Pool or the actual performance characteristics of the Offered
Certificates. Prior to making any investment decision, a prospective investor
should receive and fully review the Final Prospectus. NOTHING HEREIN SHOULD BE
CONSIDERED AN OFFER TO SELL OR SOLICITATION OF AN OFFER TO BUY ANY OFFERED
CERTIFICATES.
- --------------------------------------------------------------------------------
<PAGE>
FUNB 00-C1, CLASS AM--PRICE/YIELD
<TABLE>
<S> <C> <C> <C> <C> <C>
- -----------------------------------------------------------------------------------------------------------
CUSIP Face $11,747,000.00 Settle at Pricing
Coupon 7.949 Original Balance $11,747,000.00 Accrual begins 5/1/2000
Delay 14 Current Balance $11,747,000.00 Factor Date N/A
Stated Maturity N/A Factor 1 --------------------------------
Type JUN FIX CAP -------------------------------------
- --------------------------------------
</TABLE>
YIELD CURVE: Spread off interpolated node
3MO=5.82, 6MO=6.00, 1YR=6.03, 2YR=6.345, 5YR=6.256, 10YR=6.03, 30YR=5.88
<TABLE>
<CAPTION>
- -----------------------------------------------------------------------------------------------------------------------------
PRICE 0 CPR 10 CPR 15 CPR 25 CPR 50 CPR 100 CPR
Yield
- -----------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
100-08 7.9978 7.9980 7.9980 7.9979 7.9978 7.9969
100-09 7.9931 7.9933 7.9933 7.9932 7.9932 7.9921
100-10 7.9885 7.9887 7.9886 7.9886 7.9885 7.9874
100-11 7.9838 7.9840 7.9840 7.9839 7.9838 7.9827
100-12 7.9791 7.9793 7.9793 7.9792 7.9791 7.9780
100-13 7.9744 7.9746 7.9746 7.9745 7.9745 7.9732
100-14 7.9698 7.9700 7.9699 7.9699 7.9698 7.9685
100-15 7.9651 7.9653 7.9653 7.9652 7.9651 7.9638
100-16 7.9604 7.9606 7.9606 7.9605 7.9605 7.9591
100-17 7.9558 7.9560 7.9560 7.9559 7.9558 7.9544
100-18 7.9511 7.9513 7.9513 7.9512 7.9511 7.9496
100-19 7.9465 7.9467 7.9466 7.9466 7.9465 7.9449
100-20 7.9418 7.9420 7.9420 7.9419 7.9418 7.9402
100-21 7.9371 7.9373 7.9373 7.9372 7.9372 7.9355
100-22 7.9325 7.9327 7.9327 7.9326 7.9325 7.9308
100-23 7.9278 7.9280 7.9280 7.9279 7.9279 7.9261
100-24 7.9232 7.9234 7.9234 7.9233 7.9232 7.9214
- -----------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------
Spread @ Center Price 192.72 192.74 192.74 192.73 192.72 191.83
WAL 9.92780 9.92780 9.92780 9.92780 9.92780 9.76110
Mod Durn 6.652 6.652 6.652 6.652 6.652 6.578
Mod Convexity 0.585 0.585 0.585 0.585 0.585 0.571
Principal Window Apr10 to Apr10 Apr10 to Apr10 Apr10 to Apr10 Apr10 to Apr10 Apr10 to Apr10 Feb10 to Feb10
Maturity #mos 119 119 119 119 119 117
Accrued Interest 25,938.03 25,938.03 25,938.03 25,938.03 25,938.03 25,938.03
Total Collat Loss 0.00 (0.00%) 0.00 (0.00%) 0.00 (0.00%) 0.00 (0.00%) 0.00 (0.00%) 0.00 (0.00%)
Prepay At 0 CPR At 10 CPR At 15 CPR At 25 CPR At 50 CPR At 100 CPR
No prepays
Lockout and penalties Include penalty Include penalty Include penalty Include penalty Include penalty Include penalty
Ext., if balloon None None None None None None
Pay Exten Princ
Default At 0 CDR At 0 CDR At 0 CDR At 0 CDR At 0 CDR At 0 CDR
Loss Severity 0 0 0 0 0 0
Servicer Advances 100% of P & I 100% of P & I 100% of P & I 100% of P & I 100% of P & I 100% of P & I
Recovery Lag 0 mos 0 mos 0 mos 0 mos 0 mos 0 mos
- -----------------------------------------------------------------------------------------------------------------------------
CMT_3MO 5.820 5.820 5.820 5.820 5.820 5.820
CMT_6MO 6.000 6.000 6.000 6.000 6.000 6.000
CMT_1YR 6.030 6.030 6.030 6.030 6.030 6.030
CMT_2YR 6.345 6.345 6.345 6.345 6.345 6.345
CMT_5YR 6.256 6.256 6.256 6.256 6.256 6.256
CMT_10YR 6.030 6.030 6.030 6.030 6.030 6.030
CMT_30YR 5.880 5.880 5.880 5.880 5.880 5.880
- -----------------------------------------------------------------------------------------------------------------------------
</TABLE>
- --------------------------------------------------------------------------------
Investors should read the Underwriters' Statement which accompanies these
Computational Materials. Prospective investors are advised to carefully read,
and should rely solely on, the final prospectus and prospectus supplement
(collectively, the "Final Prospectus") relating to the certificates referred to
herein (the "Offered Certificates") in making their investment decision. These
Computational Materials have been based upon the assumptions described above,
which most likely will not represent the actual experience of the Mortgage Pool
in the future. No representation is made herein as to the actual rate or timing
of principal payments or prepayments on any of the underlying Mortgage Loans in
the Mortgage Pool or the actual performance characteristics of the Offered
Certificates. Prior to making any investment decision, a prospective investor
should receive and fully review the Final Prospectus. NOTHING HEREIN SHOULD BE
CONSIDERED AN OFFER TO SELL OR SOLICITATION OF AN OFFER TO BUY ANY OFFERED
CERTIFICATES.
- --------------------------------------------------------------------------------
<PAGE>
FUNB 00-C1, CLASS BBB--PRICE/YIELD
<TABLE>
<S> <C> <C> <C> <C> <C>
- -----------------------------------------------------------------------------------------------------------
CUSIP Face $25,451,000.00 Settle at Pricing
Coupon 8.4993 Original Balance $25,451,000.00 Accrual begins 5/1/2000
Delay 14 Current Balance $25,451,000.00 Factor Date N/A
Stated Maturity N/A Factor 1 --------------------------------
Type JUN WAC -------------------------------------
- --------------------------------------
</TABLE>
YIELD CURVE: Spread off interpolated node
3MO=5.82, 6MO=6.00, 1YR=6.03, 2YR=6.345, 5YR=6.256, 10YR=6.03, 30YR=5.88
<TABLE>
<CAPTION>
- -----------------------------------------------------------------------------------------------------------------------------
PRICE 0 CPR 10 CPR 15 CPR 25 CPR 50 CPR 100 CPR
Yield
- -----------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
100-08 8.4261 8.4386 8.4428 8.4488 8.4565 8.4603
100-09 8.4213 8.4338 8.4380 8.4440 8.4517 8.4555
100-10 8.4166 8.4290 8.4333 8.4393 8.4469 8.4507
100-11 8.4118 8.4243 8.4285 8.4345 8.4421 8.4459
100-12 8.4071 8.4195 8.4237 8.4297 8.4374 8.4410
100-13 8.4023 8.4147 8.4190 8.4250 8.4326 8.4362
100-14 8.3975 8.4100 8.4142 8.4202 8.4278 8.4314
100-15 8.3928 8.4052 8.4094 8.4154 8.4231 8.4266
100-16 8.3880 8.4005 8.4047 8.4107 8.4183 8.4218
100-17 8.3833 8.3957 8.3999 8.4059 8.4136 8.4169
100-18 8.3785 8.3909 8.3952 8.4012 8.4088 8.4121
100-19 8.3738 8.3862 8.3904 8.3964 8.4041 8.4073
100-20 8.3690 8.3814 8.3857 8.3917 8.3993 8.4025
100-21 8.3643 8.3767 8.3809 8.3869 8.3946 8.3977
100-22 8.3595 8.3720 8.3762 8.3822 8.3898 8.3929
100-23 8.3548 8.3672 8.3714 8.3774 8.3851 8.3881
100-24 8.3501 8.3625 8.3667 8.3727 8.3803 8.3833
- -----------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------
Spread @ Center Price 235.48 236.72 237.14 237.74 238.51 238.10
WAL 9.92780 9.92780 9.92780 9.92780 9.92780 9.76110
Mod Durn 6.525 6.523 6.522 6.520 6.518 6.443
Mod Convexity 0.569 0.568 0.568 0.568 0.568 0.554
Principal Window Apr10 to Apr10 Apr10 to Apr10 Apr10 to Apr10 Apr10 to Apr10 Apr10 to Apr10 Feb10 to Feb10
Maturity #mos 119 119 119 119 119 117
Accrued Interest 60,087.69 60,087.69 60,087.69 60,087.69 60,087.69 60,087.69
Total Collat Loss 0.00 (0.00%) 0.00 (0.00%) 0.00 (0.00%) 0.00 (0.00%) 0.00 (0.00%) 0.00 (0.00%)
Prepay At 0 CPR At 10 CPR At 15 CPR At 25 CPR At 50 CPR At 100 CPR
No prepays
Lockout and penalties Include penalty Include penalty Include penalty Include penalty Include penalty Include penalty
Ext., if balloon None None None None None None
Pay Exten Princ
Default At 0 CDR At 0 CDR At 0 CDR At 0 CDR At 0 CDR At 0 CDR
Loss Severity 0 0 0 0 0 0
Servicer Advances 100% of P & I 100% of P & I 100% of P & I 100% of P & I 100% of P & I 100% of P & I
Recovery Lag 0 mos 0 mos 0 mos 0 mos 0 mos 0 mos
- -----------------------------------------------------------------------------------------------------------------------------
CMT_3MO 5.820 5.820 5.820 5.820 5.820 5.820
CMT_6MO 6.000 6.000 6.000 6.000 6.000 6.000
CMT_1YR 6.030 6.030 6.030 6.030 6.030 6.030
CMT_2YR 6.345 6.345 6.345 6.345 6.345 6.345
CMT_5YR 6.256 6.256 6.256 6.256 6.256 6.256
CMT_10YR 6.030 6.030 6.030 6.030 6.030 6.030
CMT_30YR 5.880 5.880 5.880 5.880 5.880 5.880
- -----------------------------------------------------------------------------------------------------------------------------
</TABLE>
- --------------------------------------------------------------------------------
Investors should read the Underwriters' Statement which accompanies these
Computational Materials. Prospective investors are advised to carefully read,
and should rely solely on, the final prospectus and prospectus supplement
(collectively, the "Final Prospectus") relating to the certificates referred to
herein (the "Offered Certificates") in making their investment decision. These
Computational Materials have been based upon the assumptions described above,
which most likely will not represent the actual experience of the Mortgage Pool
in the future. No representation is made herein as to the actual rate or timing
of principal payments or prepayments on any of the underlying Mortgage Loans in
the Mortgage Pool or the actual performance characteristics of the Offered
Certificates. Prior to making any investment decision, a prospective investor
should receive and fully review the Final Prospectus. NOTHING HEREIN SHOULD BE
CONSIDERED AN OFFER TO SELL OR SOLICITATION OF AN OFFER TO BUY ANY OFFERED
CERTIFICATES.
- --------------------------------------------------------------------------------
<PAGE>
FUNB 00-C1, CLASS BBBM--PRICE/YIELD
<TABLE>
<S> <C> <C> <C> <C> <C>
- -----------------------------------------------------------------------------------------------------------
CUSIP Face $11,746,000.00 Settle at Pricing
Coupon 8.4993 Original Balance $11,746,000.00 Accrual begins 5/1/2000
Delay 14 Current Balance $11,746,000.00 Factor Date N/A
Stated Maturity N/A Factor 1 --------------------------------
Type JUN WAC -------------------------------------
- --------------------------------------
</TABLE>
YIELD CURVE: Spread off interpolated node
3MO=5.82, 6MO=6.00, 1YR=6.03, 2YR=6.345, 5YR=6.256, 10YR=6.03, 30YR=5.88
<TABLE>
<CAPTION>
- -----------------------------------------------------------------------------------------------------------------------------
PRICE 0 CPR 10 CPR 15 CPR 25 CPR 50 CPR 100 CPR
Yield
- -----------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
97-06 8.8566 8.9183 8.9203 8.9264 8.9342 8.9436
97-07 8.8519 8.9134 8.9153 8.9214 8.9293 8.9386
97-08 8.8472 8.9084 8.9103 8.9164 8.9243 8.9336
97-09 8.8426 8.9034 8.9054 8.9115 8.9193 8.9285
97-10 8.8379 8.8985 8.9004 8.9065 8.9143 8.9235
97-11 8.8333 8.8935 8.8954 8.9015 8.9094 8.9185
97-12 8.8286 8.8885 8.8905 8.8966 8.9044 8.9134
97-13 8.8239 8.8836 8.8855 8.8916 8.8994 8.9084
97-14 8.8193 8.8786 8.8805 8.8867 8.8945 8.9034
97-15 8.8146 8.8737 8.8756 8.8817 8.8895 8.8984
97-16 8.8100 8.8687 8.8706 8.8767 8.8846 8.8934
97-17 8.8053 8.8638 8.8657 8.8718 8.8796 8.8884
97-18 8.8007 8.8588 8.8607 8.8668 8.8747 8.8834
97-19 8.7961 8.8539 8.8558 8.8619 8.8697 8.8783
97-20 8.7914 8.8489 8.8508 8.8569 8.8648 8.8733
97-21 8.7868 8.8440 8.8459 8.8520 8.8598 8.8683
97-22 8.7821 8.8391 8.8410 8.8471 8.8549 8.8633
- -----------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------
Spread @ Center Price 279.68 284.56 284.73 285.34 286.12 286.26
WAL 11.00740 9.93360 9.92780 9.92780 9.92780 9.76110
Mod Durn 6.876 6.457 6.454 6.452 6.450 6.376
Mod Convexity 0.648 0.560 0.560 0.559 0.559 0.545
Principal Window Apr10 to Apr12 Apr10 to Jun10 Apr10 to Apr10 Apr10 to Apr10 Apr10 to Apr10 Feb10 to Feb10
Maturity #mos 143 121 119 119 119 117
Accrued Interest 27,731.33 27,731.33 27,731.33 27,731.33 27,731.33 27,731.33
Total Collat Loss 0.00 (0.00%) 0.00 (0.00%) 0.00 (0.00%) 0.00 (0.00%) 0.00 (0.00%) 0.00 (0.00%)
Prepay At 0 CPR At 10 CPR At 15 CPR At 25 CPR At 50 CPR At 100 CPR
No prepays
Lockout and penalties Include penalty Include penalty Include penalty Include penalty Include penalty Include penalty
Ext., if balloon None None None None None None
Pay Exten Princ
Default At 0 CDR At 0 CDR At 0 CDR At 0 CDR At 0 CDR At 0 CDR
Loss Severity 0 0 0 0 0 0
Servicer Advances 100% of P & I 100% of P & I 100% of P & I 100% of P & I 100% of P & I 100% of P & I
Recovery Lag 0 mos 0 mos 0 mos 0 mos 0 mos 0 mos
- -----------------------------------------------------------------------------------------------------------------------------
CMT_3MO 5.820 5.820 5.820 5.820 5.820 5.820
CMT_6MO 6.000 6.000 6.000 6.000 6.000 6.000
CMT_1YR 6.030 6.030 6.030 6.030 6.030 6.030
CMT_2YR 6.345 6.345 6.345 6.345 6.345 6.345
CMT_5YR 6.256 6.256 6.256 6.256 6.256 6.256
CMT_10YR 6.030 6.030 6.030 6.030 6.030 6.030
CMT_30YR 5.880 5.880 5.880 5.880 5.880 5.880
- -----------------------------------------------------------------------------------------------------------------------------
</TABLE>
- --------------------------------------------------------------------------------
Investors should read the Underwriters' Statement which accompanies these
Computational Materials. Prospective investors are advised to carefully read,
and should rely solely on, the final prospectus and prospectus supplement
(collectively, the "Final Prospectus") relating to the certificates referred to
herein (the "Offered Certificates") in making their investment decision. These
Computational Materials have been based upon the assumptions described above,
which most likely will not represent the actual experience of the Mortgage Pool
in the future. No representation is made herein as to the actual rate or timing
of principal payments or prepayments on any of the underlying Mortgage Loans in
the Mortgage Pool or the actual performance characteristics of the Offered
Certificates. Prior to making any investment decision, a prospective investor
should receive and fully review the Final Prospectus. NOTHING HEREIN SHOULD BE
CONSIDERED AN OFFER TO SELL OR SOLICITATION OF AN OFFER TO BUY ANY OFFERED
CERTIFICATES.
- --------------------------------------------------------------------------------
<PAGE>
FUNB 00-C1, CLASS X--PRICE/YIELD
<TABLE>
<S> <C> <C> <C> <C> <C>
- -----------------------------------------------------------------------------------------------------------
CUSIP Face $783,097,303.54 Settle at Pricing
Coupon 0.976 Original Balance $783,097,303.54 Accrual begins 5/1/2000
Delay 14 Current Balance $783,097,303.54 Factor Date N/A
Stated Maturity N/A Factor 1 --------------------------------
Type SEN WAC IO -------------------------------------
- --------------------------------------
</TABLE>
YIELD CURVE: Spread off interpolated node
3MO=5.82, 6MO=6.00, 1YR=6.03, 2YR=6.345, 5YR=6.256, 10YR=6.03, 30YR=5.88
<TABLE>
<CAPTION>
- -----------------------------------------------------------------------------------------------------------------------------
PRICE 0 CPR 10 CPR 15 CPR 25 CPR 50 CPR 100 CPR
Yield
- -----------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
5-03 10.9254 10.9787 10.9878 11.0038 11.0305 10.8934
5-03+ 10.8525 10.9053 10.9143 10.9300 10.9563 10.8185
5-04 10.7800 10.8323 10.8411 10.8566 10.8826 10.7439
5-04+ 10.7078 10.7597 10.7683 10.7836 10.8092 10.6697
5-05 10.6360 10.6875 10.6959 10.7109 10.7361 10.5958
5-05+ 10.5645 10.6156 10.6238 10.6386 10.6635 10.5223
5-06 10.4934 10.5440 10.5521 10.5666 10.5912 10.4492
5-06+ 10.4227 10.4729 10.4808 10.4950 10.5192 10.3764
5-07 10.3523 10.4020 10.4098 10.4237 10.4476 10.3040
5-07+ 10.2822 10.3315 10.3391 10.3528 10.3763 10.2320
5-08 10.2125 10.2614 10.2688 10.2823 10.3054 10.1603
5-08+ 10.1431 10.1916 10.1988 10.2120 10.2348 10.0889
5-09 10.0741 10.1221 10.1291 10.1421 10.1646 10.0179
5-09+ 10.0054 10.0530 10.0598 10.0726 10.0947 9.9472
5-10 9.9370 9.9842 9.9909 10.0034 10.0251 9.8768
5-10+ 9.8690 9.9157 9.9222 9.9345 9.9559 9.8068
5-11 9.8013 9.8475 9.8539 9.8659 9.8870 9.7371
- -----------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------
Spread @ Center Price 431.37 435.45 435.96 437.03 439.03 423.74
WAL 9.81130 9.61180 9.55460 9.48160 9.39670 9.18940
Mod Durn 4.241 4.215 4.205 4.190 4.170 4.123
Mod Convexity 0.298 0.292 0.290 0.287 0.284 0.278
Principal Window Jun00 to Sep29 Jun00 to Sep29 Jun00 to Sep29 Jun00 to Sep29 Jun00 to Sep29 Jun00 to Mar25
Maturity #mos 352 352 352 352 352 298
Accrued Interest 212,306.69 212,306.69 212,306.69 212,306.69 212,306.69 212,306.69
Total Collat Loss 0.00 (0.00%) 0.00 (0.00%) 0.00 (0.00%) 0.00 (0.00%) 0.00 (0.00%) 0.00 (0.00%)
Prepay At 0 CPR At 10 CPR At 15 CPR At 25 CPR At 50 CPR At 100 CPR
No prepays
Lockout and penalties Include penalty Include penalty Include penalty Include penalty Include penalty Include penalty
Ext., if balloon None None None None None None
Pay Exten Princ
Default At 0 CDR At 0 CDR At 0 CDR At 0 CDR At 0 CDR At 0 CDR
Loss Severity 0 0 0 0 0 0
Servicer Advances 100% of P & I 100% of P & I 100% of P & I 100% of P & I 100% of P & I 100% of P & I
Recovery Lag 0 mos 0 mos 0 mos 0 mos 0 mos 0 mos
- -----------------------------------------------------------------------------------------------------------------------------
CMT_3MO 5.820 5.820 5.820 5.820 5.820 5.820
CMT_6MO 6.000 6.000 6.000 6.000 6.000 6.000
CMT_1YR 6.030 6.030 6.030 6.030 6.030 6.030
CMT_2YR 6.345 6.345 6.345 6.345 6.345 6.345
CMT_5YR 6.256 6.256 6.256 6.256 6.256 6.256
CMT_10YR 6.030 6.030 6.030 6.030 6.030 6.030
CMT_30YR 5.880 5.880 5.880 5.880 5.880 5.880
- -----------------------------------------------------------------------------------------------------------------------------
</TABLE>
- --------------------------------------------------------------------------------
Investors should read the Underwriters' Statement which accompanies these
Computational Materials. Prospective investors are advised to carefully read,
and should rely solely on, the final prospectus and prospectus supplement
(collectively, the "Final Prospectus") relating to the certificates referred to
herein (the "Offered Certificates") in making their investment decision. These
Computational Materials have been based upon the assumptions described above,
which most likely will not represent the actual experience of the Mortgage Pool
in the future. No representation is made herein as to the actual rate or timing
of principal payments or prepayments on any of the underlying Mortgage Loans in
the Mortgage Pool or the actual performance characteristics of the Offered
Certificates. Prior to making any investment decision, a prospective investor
should receive and fully review the Final Prospectus. NOTHING HEREIN SHOULD BE
CONSIDERED AN OFFER TO SELL OR SOLICITATION OF AN OFFER TO BUY ANY OFFERED
CERTIFICATES.
- --------------------------------------------------------------------------------
<PAGE>
FUNB 00-C1, Class IO--Price/Yield
<TABLE>
<CAPTION>
- -------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
CUSIP Face $783,097,303.54 Settle at Pricing
Coupon 0.976 Original Balance $783,097,303.54 Accrual begins 5/1/00
Delay 14 Current Balance $783,097,303.54 Factor Date N/A
Stated Maturity N/A Factor 1 -----------------------------------
Type SEN WAC IO ---------------------------------------------
- -----------------------------------------------
</TABLE>
YIELD CURVE: Spread off interpolated node
3MO=5.82, 6MO=6.00, 1YR=6.03, 2YR=6.345, 5YR=6.254, 10YR=6.03, 30YR=5.88
<TABLE>
<CAPTION>
- -------------------------------------------------------------------------------------------------------------
0CPR; ym; Ext0mo 10CPR; ym; Ext0mo 15CPR; ym; Ext0mo
100% 0% rules; 100% 0% rules; 100% 0% rules;
3CDR,30% adv100% 3CDR,30% adv100% 3CDR,30% adv100%
Price lag12 lag12 lag12
Yield
- -------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
4-31 7.5366 7.5116 7.5026
5-00 7.3831 7.3576 7.3484
5-01 7.2312 7.2052 7.1959
5-02 7.0809 7.0544 7.0449
5-03 6.9321 6.9051 6.8954
5-04 6.7848 6.7573 6.7474
5-05 6.6390 6.6110 6.6010
5-06 6.4947 6.4661 6.4559
5-07 6.3518 6.3227 6.3123
5-08 6.2103 6.1807 6.1702
5-09 6.0702 6.0400 6.0294
5-10 5.9315 5.9008 5.8899
5-11 5.7941 5.7629 5.7518
5-12 5.6580 5.6263 5.6151
5-13 5.5233 5.4910 5.4796
5-14 5.3898 5.3569 5.3454
5-15 5.2576 5.2242 5.2124
- -------------------------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------------------------------------
Spread @ Center Price 26.16 23.15 22.09
WAL 8.65630 8.63480 8.62750
Mod Durn 4.190 4.174 4.169
Mod Convexity 0.293 0.289 0.288
Principal Window Jun00 to Sep29 Jun00 to Sep29 Jun00 to Sep29
Maturity #mos 352 352 352
Accrued Interest 212,306.69 212,306.69 212,306.69
Total Collat Loss 55,397,103.02 (7.07%) 55,269,470.69 (7.06%) 55,228,374.83 (7.05%)
Prepay At 0 CPR At 10 CPR At 15 CPR
No prepays During any YM During any YM During any YM
Lockout and penalties Include penalty Include penalty Include penalty
Ext., if balloon None None None
Pay Exten Princ
Default At 3 CDR At 3 CDR At 3 CDR
Loss Severity 0.3 0.3 0.3
Servicer Advances 100% of P & I 100% of P & I 100% of P & I
Recovery Lag 12 mos 12 mos 12 mos
Optional Redemption
- -------------------------------------------------------------------------------------------------------------
CMT_3MO 5.820 5.820 5.820
CMT_6MO 6.000 6.000 6.000
CMT_1YR 6.030 6.030 6.030
CMT_2YR 6.345 6.345 6.345
CMT_5YR 6.254 6.254 6.254
CMT_10YR 6.030 6.030 6.030
CMT_30YR 5.880 5.880 5.880
- -------------------------------------------------------------------------------------------------------------
<CAPTION>
- -------------------------------------------------------------------------------------------------------------
25CPR; ym; Ext0mo 50CPR; ym; Ext0mo 100CPR; ym; Ext0mo
100% 0% rules; 100% 0% rules; 100% 0% rules;
3CDR,30% adv100% 3CDR,30% adv100% 3CDR,30% adv100%
Price lag12 lag12 lag12
- -------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
4-31 7.4884 7.4626 7.2509
5-00 7.3340 7.3080 7.0951
5-01 7.1812 7.1549 6.9409
5-02 7.0300 7.0034 6.7883
5-03 6.8803 6.8534 6.6373
5-04 6.7321 6.7049 6.4877
5-05 6.5854 6.5579 6.3397
5-06 6.4402 6.4124 6.1930
5-07 6.2964 6.2682 6.0479
5-08 6.1540 6.1255 5.9041
5-09 6.0129 5.9842 5.7618
5-10 5.8733 5.8442 5.6208
5-11 5.7349 5.7056 5.4811
5-12 5.5979 5.5683 5.3428
5-13 5.4622 5.4322 5.2057
5-14 5.3278 5.2975 5.0700
5-15 5.1946 5.1640 4.9355
- -------------------------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------------------------------------
Spread @ Center Price 20.44 17.55 -5.03
WAL 8.61670 8.59910 8.47870
Mod Durn 4.163 4.154 4.124
Mod Convexity 0.286 0.284 0.279
Principal Window Jun00 to Sep29 Jun00 to Sep29 Jun00 to Mar25
Maturity #mos 352 352 298
Accrued Interest 212,306.69 212,306.69 212,306.69
Total Collat Loss 55,171,727.41 (7.05%) 55,099,947.25 (7.04%) 55,027,450.87 (7.03%)
Prepay At 25 CPR At 50 CPR At 100 CPR
No prepays During any YM During any YM During any YM
Lockout and penalties Include penalty Include penalty Include penalty
Ext., if balloon None None None
Pay Exten Princ
Default At 3 CDR At 3 CDR At 3 CDR
Loss Severity 0.3 0.3 0.3
Servicer Advances 100% of P & I 100% of P & I 100% of P & I
Recovery Lag 12 mos 12 mos 12 mos
Optional Redemption
- --------------------------------------------------------------------------------------------------------
CMT_3MO 5.820 5.820 5.820
CMT_6MO 6.000 6.000 6.000
CMT_1YR 6.030 6.030 6.030
CMT_2YR 6.345 6.345 6.345
CMT_5YR 6.254 6.254 6.254
CMT_10YR 6.030 6.030 6.030
CMT_30YR 5.880 5.880 5.880
- --------------------------------------------------------------------------------------------------------
</TABLE>
Investors should read the Underwriters' Statement which accompanies these
Computational Materials.
Prospective investors are advised to carefully read, and should rely solely on,
the final prospectus and prospectus supplement (the "Final Prospectus") relating
to the certificates referred to herein (the "Offered Certificates") in making
their investment decision. These Computational Materials have been based upon
the assumptions described above, which most likely will not represent the actual
experience of the Mortgage Pool in the future. No representation is made herein
as to the actual rate or timing of principal payments or prepayments on any of
the underlying Mortgage Loans in the Mortgage Pool or the actual performance
characteristics of the Offered Certficates. Prior to making any investment
decision, a prospective investor should receive and fully review the Final
Prospectus. NOTHING HEREIN SHOULD BE CONSIDERED AN OFFER TO SELL OR SOLICITATION
OF AN OFFER TO BUY ANY OFFERED CERTIFICATES.
<PAGE>
FUNB 00-C1, Class IO--Price/Yield
<TABLE>
<CAPTION>
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
CUSIP Face $783,097,303.54 Settle at Pricing
Coupon 0.976 Original Balance $783,097,303.54 Accrual begins 5/1/00
Delay 14 Current Balance $783,097,303.54 Factor Date N/A
Stated Maturity N/A Factor 1 --------------------------------------
Type SEN WAC IO ----------------------------------------------
- -----------------------------------------------
</TABLE>
YIELD CURVE: Spread off interpolated node
3MO=5.82, 6MO=6.00, 1YR=6.03, 2YR=6.345, 5YR=6.256, 10YR=6.03, 30YR=5.88
<TABLE>
<CAPTION>
- -----------------------------------------------------------------------------------------------------------------------------------
0CPR; Ext0mo 0CPR; Ext0mo 0CPR; Ext0mo
0CPR; Ext0mo 100% 0% rules; 100% 0% rules; 100% 0% rules;
100% 0% rules; 0 for 12 1 for 12 2 for 12
0CDR,40% 1CDR,40% 1.75CDR,40% 1.75CDR,40%
Price adv100% lag12 adv100% lag12 adv100% lag12 adv100% lag12
Yield
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
4-31 11.5223 10.4334 9.5461 9.2244
5-00 11.3708 10.2808 9.3922 9.0698
5-01 11.2208 10.1298 9.2399 8.9169
5-02 11.0723 9.9803 9.0892 8.7656
5-03 10.9254 9.8324 8.9400 8.6158
5-04 10.7800 9.6859 8.7924 8.4675
5-05 10.6360 9.5410 8.6462 8.3207
5-06 10.4934 9.3974 8.5015 8.1754
5-07 10.3523 9.2553 8.3582 8.0315
5-08 10.2125 9.1146 8.2164 7.8890
5-09 10.0741 8.9753 8.0759 7.7480
5-10 9.9370 8.8373 7.9368 7.6083
5-11 9.8013 8.7007 7.7991 7.4700
5-12 9.6668 8.5654 7.6627 7.3330
5-13 9.5337 8.4314 7.5275 7.1973
5-14 9.4018 8.2986 7.3937 7.0629
5-15 9.2711 8.1671 7.2611 6.9297
- -----------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
Spread @ Center Price 431.37 320.19 229.42 196.40
WAL 9.81130 9.48240 9.24730 9.17110
Mod Durn 4.241 4.213 4.179 4.161
Mod Convexity 0.298 0.295 0.291 0.288
Principal Window Jun00 to Sep29 Jun00 to Sep29 Jun00 to Sep29 Jun00 to Sep29
Maturity #mos 352 352 352 352
Accrued Interest 212,306.69 212,306.69 212,306.69 212,306.69
Total Collat Loss 0.00 (0.00%) 23,908,347.46 (3.05%) 40,655,789.16 (5.19%) 46,024,778.58 (5.88%)
Prepay At 0 CPR At 0 CPR At 0 CPR At 0 CPR
No prepays
Lockout and penalties Include penalty Include penalty Include penalty Include penalty
Ext., if balloon None None None None
Pay Exten Princ
Default At 0 CDR At 0 for 12 1 CDR At 0 for 12 1.75 CDR At 0 for 12 2 CDR
Loss Severity 0.4 0.4 0.4 0.4
Servicer Advances 100% of P & I 100% of P & I 100% of P & I 100% of P & I
Recovery Lag 12 mos 12 mos 12 mos 12 mos
Optional Redemption
CMT_3MO 5.82 5.82 5.82 5.82
- -----------------------------------------------------------------------------------------------------------------------------------
CMT_6MO 6.000 6.000 6.000 6.000
CMT_1YR 6.030 6.030 6.030 6.030
CMT_2YR 6.345 6.345 6.345 6.345
CMT_5YR 6.254 6.254 6.254 6.254
CMT_10YR 6.030 6.030 6.030 6.030
CMT_30YR 5.880 5.880 5.880 5.880
- -----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
Investors should read the Underwriters' Statement which accompanies these
Computational Materials.
Prospective investors are advised to carefully read, and should rely solely on,
the final prospectus and prospectus supplement (the "Final Prospectus") relating
to the certificates referred to herein (the "Offered Certificates") in making
their investment decision. These Computational Materials have been based upon
the assumptions described above, which most likely will not represent the actual
experience of the Mortgage Pool in the future. No representation is made herein
as to the actual rate or timing of principal payments or prepayments on any of
the underlying Mortgage Loans in the Mortgage Pool or the actual performance
characteristics of the Offered Certficates. Prior to making any investment
decision, a prospective investor should receive and fully review the Final
Prospectus. NOTHING HEREIN SHOULD BE CONSIDERED AN OFFER TO SELL OR SOLICITATION
OF AN OFFER TO BUY ANY OFFERED CERTIFICATES.
<PAGE>
FUNB 00-C1, Class AAA_1--Price/Yield
<TABLE>
<CAPTION>
- ----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
CUSIP Face $96,000,000.00 Settle at Pricing
Coupon 7.487 Original Balance $96,000,000.00 Accrual begins 5/1/00
Delay 14 Current Balance $96,000,000.00 Factor Date N/A
Stated Maturity N/A Factor 1 ---------------------------------------
Type SEN FIX CAP -----------------------------------------------
- --------------------------------------------
</TABLE>
YIELD CURVE: Spread off interpolated node
3MO=5.82, 6MO=6.00, 1YR=6.03, 2YR=6.345, 5YR=6.256, 10YR=6.03, 30YR=5.88
<TABLE>
<CAPTION>
- ---------------------------------------------------------------------------------------------------------
0 CPR afterYM, 0 for 10 CPR afterYM, 0 for 15 CPR afterYM, 0 for
24 3 CDR, 40% LS, 25 3 CDR, 40% LS, 26 3 CDR, 40% LS,
Price 12 RD 12 RD 12 RD
Yield
- ---------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
100-08 7.4473 7.4473 7.4473
100-09 7.4382 7.4382 7.4382
100-10 7.4292 7.4292 7.4292
100-11 7.4201 7.4201 7.4201
100-12 7.4111 7.4111 7.4111
100-13 7.4020 7.4020 7.4020
100-14 7.3930 7.3930 7.3930
100-15 7.3839 7.3839 7.3839
100-16 7.3749 7.3749 7.3749
100-17 7.3659 7.3659 7.3659
100-18 7.3568 7.3568 7.3568
100-19 7.3478 7.3478 7.3478
100-20 7.3388 7.3388 7.3388
100-21 7.3298 7.3298 7.3298
100-22 7.3208 7.3208 7.3208
100-23 7.3118 7.3118 7.3118
100-24 7.3028 7.3028 7.3027
- ---------------------------------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------------------------------
Spread @ Center Price 109.55 109.55 109.55
WAL 4.21080 4.21080 4.21080
Mod Durn 3.435 3.435 3.435
Mod Convexity 0.165 0.165 0.165
Principal Window Jun00 to Dec06 Jun00 to Dec06 Jun00 to Dec06
Maturity #mos 79 79 79
Accrued Interest 199,653.33 199,653.33 199,653.33
Total Collat Loss 58,959,863.01 (7.53%) 58,779,077.68 (7.51%) 58,720,856.39 (7.50%)
Prepay At 0 CPR At 10 CPR At 15 CPR
No prepays During any YM During any YM During any YM
Lockout and penalties Include penalty Include penalty Include penalty
Ext., if balloon None None None
Pay Exten Princ
Default At 0 for 24 3 CDR At 0 for 24 3 CDR At 0 for 24 3 CDR
Loss Severity 0.4 0.4 0.4
Servicer Advances 100% of P & I 100% of P & I 100% of P & I
Recovery Lag 12 mos 12 mos 12 mos
Optional Redemption
Shock (bp) 0 0 0
- ---------------------------------------------------------------------------------------------------------
CMT_3MO 5.820 5.820 5.820
CMT_6MO 6.000 6.000 6.000
CMT_1YR 6.030 6.030 6.030
CMT_2YR 6.345 6.345 6.345
CMT_5YR 6.256 6.256 6.256
CMT_10YR 6.030 6.030 6.030
CMT_30YR 5.880 5.880 5.880
- ---------------------------------------------------------------------------------------------------------
<CAPTION>
- ---------------------------------------------------------------------------------------------------------
25 CPR afterYM, 0 for 50 CPR afterYM, 0 for 100 CPR afterYM, 0 for
27 3 CDR, 40% LS, 28 3 CDR, 40% LS, 29 3 CDR, 40% LS,
Price 12 RD 12 RD 12 RD
- ---------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
100-08 7.4473 7.4473 7.4472
100-09 7.4382 7.4382 7.4381
100-10 7.4292 7.4292 7.4290
100-11 7.4201 7.4201 7.4200
100-12 7.4111 7.4110 7.4109
100-13 7.4020 7.4020 7.4019
100-14 7.3930 7.3930 7.3928
100-15 7.3839 7.3839 7.3838
100-16 7.3749 7.3749 7.3747
100-17 7.3659 7.3658 7.3657
100-18 7.3568 7.3568 7.3567
100-19 7.3478 7.3478 7.3476
100-20 7.3388 7.3388 7.3386
100-21 7.3298 7.3298 7.3296
100-22 7.3208 7.3207 7.3206
100-23 7.3117 7.3117 7.3115
100-24 7.3027 7.3027 7.3025
- ---------------------------------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------------------------------
Spread @ Center Price 109.55 109.55 109.52
WAL 4.21070 4.21050 4.20730
Mod Durn 3.435 3.435 3.433
Mod Convexity 0.165 0.165 0.164
Principal Window Jun00 to Dec06 Jun00 to Dec06 Jun00 to Dec06
Maturity #mos 79 79 79
Accrued Interest 199,653.33 199,653.33 199,653.33
Total Collat Loss 58,640,593.70 (7.49%) 58,538,878.35 (7.48%) 58,436,145.00 (7.46%)
Prepay At 25 CPR At 50 CPR At 100 CPR
No prepays During any YM During any YM During any YM
Lockout and penalties Include penalty Include penalty Include penalty
Ext., if balloon None None None
Pay Exten Princ
Default At 0 for 24 3 CDR At 0 for 24 3 CDR At 0 for 24 3 CDR
Loss Severity 0.4 0.4 0.4
Servicer Advances 100% of P & I 100% of P & I 100% of P & I
Recovery Lag 12 mos 12 mos 12 mos
Optional Redemption
Shock (bp) 0 0 0
- ---------------------------------------------------------------------------------------------------
CMT_3MO 5.820 5.820 5.820
CMT_6MO 6.000 6.000 6.000
CMT_1YR 6.030 6.030 6.030
CMT_2YR 6.345 6.345 6.345
CMT_5YR 6.256 6.256 6.256
CMT_10YR 6.030 6.030 6.030
CMT_30YR 5.880 5.880 5.880
- ---------------------------------------------------------------------------------------------------
</TABLE>
Investors should read the Underwriters' Statement which accompanies these
Computational Materials.
Prospective investors are advised to carefully read, and should rely solely on,
the final prospectus and prospectus supplement (the "Final Prospectus") relating
to the certificates referred to herein (the "Offered Certificates") in making
their investment decision. These Computational Materials have been based upon
the assumptions described above, which most likely will not represent the actual
experience of the Mortgage Pool in the future. No representation is made herein
as to the actual rate or timing of principal payments or prepayments on any of
the underlying Mortgage Loans in the Mortgage Pool or the actual performance
characteristics of the Offered Certficates. Prior to making any investment
decision, a prospective investor should receive and fully review the Final
Prospectus. NOTHING HEREIN SHOULD BE CONSIDERED AN OFFER TO SELL OR SOLICITATION
OF AN OFFER TO BUY ANY OFFERED CERTIFICATES.
<PAGE>
FUNB 00-C1, Class AAA_2--Price/Yield
<TABLE>
<CAPTION>
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
CUSIP Face $485,449,000.00 Settle at Pricing
Coupon 7.61 Original Balance $485,449,000.00 Accrual begins 5/1/00
Delay 14 Current Balance $485,449,000.00 Factor Date N/A
Stated Maturity N/A Factor 1 -------------------------------------
Type JUN FIX CAP ----------------------------------------------
- ------------------------------------------------
</TABLE>
YIELD CURVE: Spread off interpolated node
3MO=5.82, 6MO=6.00, 1YR=6.03, 2YR=6.345, 5YR=6.256, 10YR=6.03, 30YR=5.88
<TABLE>
<CAPTION>
- -----------------------------------------------------------------------------------------------------------
0 CPR afterYM, 0 for 10 CPR afterYM, 0 for 15 CPR afterYM, 0 for
24 3 CDR, 40% LS, 24 3 CDR, 40% LS, 24 3 CDR, 40% LS,
Price 12 RD 12 RD 12 RD
- -----------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
100-08 7.6481 7.6481 7.6481
100-09 7.6433 7.6433 7.6433
100-10 7.6386 7.6385 7.6385
100-11 7.6338 7.6338 7.6338
100-12 7.6290 7.6290 7.6290
100-13 7.6243 7.6242 7.6242
100-14 7.6195 7.6195 7.6195
100-15 7.6147 7.6147 7.6147
100-16 7.6100 7.6100 7.6099
100-17 7.6052 7.6052 7.6052
100-18 7.6005 7.6005 7.6004
100-19 7.5957 7.5957 7.5957
100-20 7.5910 7.5910 7.5909
100-21 7.5862 7.5862 7.5862
100-22 7.5815 7.5815 7.5814
100-23 7.5768 7.5767 7.5767
100-24 7.5720 7.5720 7.5720
- -----------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------
Spread @ Center Price 155.49 155.47 155.46
WAL 9.44440 9.44130 9.43970
Mod Durn 6.526 6.524 6.524
Mod Convexity 0.557 0.556 0.556
Principal Window Dec06 to Apr10 Dec06 to Apr10 Dec06 to Apr10
Maturity #mos 119 119 119
Accrued Interest 1,026,185.25 1,026,185.25 1,026,185.25
Total Collat Loss 58,959,863.01 (7.53%) 58,779,077.68 (7.51%) 58,720,856.39 (7.50%)
Prepay At 0 CPR At 10 CPR At 15 CPR
No prepays During any YM During any YM During any YM
Lockout and penalties Include penalty Include penalty Include penalty
Ext., if balloon None None None
Pay Exten Princ
Default At 0 for 24 3 CDR At 0 for 24 3 CDR At 0 for 24 3 CDR
Loss Severity 0.4 0.4 0.4
Servicer Advances 100% of P & I 100% of P & I 100% of P & I
Recovery Lag 12 mos 12 mos 12 mos
Optional Redemption
Shock (bp) 0 0 0
- -----------------------------------------------------------------------------------------------------------
CMT_3MO 5.820 5.820 5.820
CMT_6MO 6.000 6.000 6.000
CMT_1YR 6.030 6.030 6.030
CMT_2YR 6.345 6.345 6.345
CMT_5YR 6.256 6.256 6.256
CMT_10YR 6.030 6.030 6.030
CMT_30YR 5.880 5.880 5.880
- -----------------------------------------------------------------------------------------------------------
<CAPTION>
- ---------------------------------------------------------------------------------------------------------
25 CPR afterYM, 0 for 50 CPR afterYM, 0 for 100 CPR afterYM, 0 for
24 3 CDR, 40% LS, 24 3 CDR, 40% LS, 24 3 CDR, 40% LS,
Price 12 RD 12 RD 12 RD
- ---------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
100-08 7.6480 7.6480 7.6471
100-09 7.6433 7.6432 7.6422
100-10 7.6385 7.6384 7.6374
100-11 7.6337 7.6337 7.6326
100-12 7.6290 7.6289 7.6278
100-13 7.6242 7.6241 7.6229
100-14 7.6194 7.6194 7.6181
100-15 7.6147 7.6146 7.6133
100-16 7.6099 7.6098 7.6085
100-17 7.6052 7.6051 7.6037
100-18 7.6004 7.6003 7.5989
100-19 7.5957 7.5956 7.5941
100-20 7.5909 7.5908 7.5893
100-21 7.5862 7.5861 7.5845
100-22 7.5814 7.5813 7.5797
100-23 7.5767 7.5766 7.5749
100-24 7.5719 7.5718 7.5701
- ---------------------------------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------------------------------
Spread @ Center Price 155.44 155.39 154.58
WAL 9.43640 9.42650 9.27680
Mod Durn 6.522 6.518 6.447
Mod Convexity 0.556 0.555 0.542
Principal Window Dec06 to Mar10 Dec06 to Mar10 Dec06 to Jan10
Maturity #mos 118 118 116
Accrued Interest 1,026,185.25 1,026,185.25 1,026,185.25
Total Collat Loss 58,640,593.70 (7.49%) 58,538,878.35 (7.48%) 58,436,145.00 (7.46%)
Prepay At 25 CPR At 50 CPR At 100 CPR
No prepays During any YM During any YM During any YM
Lockout and penalties Include penalty Include penalty Include penalty
Ext., if balloon None None None
Pay Exten Princ
Default At 0 for 24 3 CDR At 0 for 24 3 CDR At 0 for 24 3 CDR
Loss Severity 0.4 0.4 0.4
Servicer Advances 100% of P & I 100% of P & I 100% of P & I
Recovery Lag 12 mos 12 mos 12 mos
Optional Redemption
Shock (bp) 0 0 0
- ---------------------------------------------------------------------------------------------------
CMT_3MO 5.820 5.820 5.820
CMT_6MO 6.000 6.000 6.000
CMT_1YR 6.030 6.030 6.030
CMT_2YR 6.345 6.345 6.345
CMT_5YR 6.256 6.256 6.256
CMT_10YR 6.030 6.030 6.030
CMT_30YR 5.880 5.880 5.880
- ---------------------------------------------------------------------------------------------------
</TABLE>
Investors should read the Underwriters' Statement which accompanies these
Computational Materials.
Prospective investors are advised to carefully read, and should rely solely on,
the final prospectus and prospectus supplement (the "Final Prospectus") relating
to the certificates referred to herein (the "Offered Certificates") in making
their investment decision. These Computational Materials have been based upon
the assumptions described above, which most likely will not represent the actual
experience of the Mortgage Pool in the future. No representation is made herein
as to the actual rate or timing of principal payments or prepayments on any of
the underlying Mortgage Loans in the Mortgage Pool or the actual performance
characteristics of the Offered Certficates. Prior to making any investment
decision, a prospective investor should receive and fully review the Final
Prospectus. NOTHING HEREIN SHOULD BE CONSIDERED AN OFFER TO SELL OR SOLICITATION
OF AN OFFER TO BUY ANY OFFERED CERTIFICATES.
<PAGE>
FUNB 00-C1, Class AA--Price/Yield
<TABLE>
<CAPTION>
- ---------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
CUSIP Face $39,155,000.00 Settle at Pricing
Coupon 7.735 Original Balance $39,155,000.00 Accrual begins 5/1/00
Delay 14 Current Balance $39,155,000.00 Factor Date N/A
Stated Maturity N/A Factor 1 --------------------------------------
Type JUN FIX CAP -----------------------------------------------
- --------------------------------------------
</TABLE>
YIELD CURVE: Spread off interpolated node
3MO=5.82, 6MO=6.00, 1YR=6.03, 2YR=6.345, 5YR=6.256, 10YR=6.03, 30YR=5.88
<TABLE>
<CAPTION>
- -----------------------------------------------------------------------------------------------------------
0 CPR afterYM, 0 for 10 CPR afterYM, 0 for 15 CPR afterYM, 0 for
24 3 CDR, 40% LS, 24 3 CDR, 40% LS, 24 3 CDR, 40% LS,
Price 12 RD 12 RD 12 RD
Yield
- -----------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
100-08 7.7788 7.7788 7.7788
100-09 7.7742 7.7742 7.7742
100-10 7.7695 7.7696 7.7696
100-11 7.7649 7.7649 7.7649
100-12 7.7603 7.7603 7.7603
100-13 7.7557 7.7557 7.7557
100-14 7.7510 7.7510 7.7511
100-15 7.7464 7.7464 7.7464
100-16 7.7418 7.7418 7.7418
100-17 7.7372 7.7372 7.7372
100-18 7.7326 7.7326 7.7326
100-19 7.7280 7.7280 7.7280
100-20 7.7234 7.7234 7.7234
100-21 7.7187 7.7187 7.7187
100-22 7.7141 7.7141 7.7141
100-23 7.7095 7.7095 7.7095
100-24 7.7049 7.7049 7.7049
- -----------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------
Spread @ Center Price 170.85 170.85 170.85
WAL 9.92780 9.92780 9.92780
Mod Durn 6.719 6.719 6.719
Mod Convexity 0.594 0.594 0.594
Principal Window Apr10 to Apr10 Apr10 to Apr10 Apr10 to Apr10
Maturity #mos 119 119 119
Accrued Interest 84,128.87 84,128.87 84,128.87
Total Collat Loss 58,959,863.01 (7.53%) 58,779,077.68 (7.51%) 58,720,856.39 (7.50%)
Prepay At 0 CPR At 10 CPR At 15 CPR
No prepays During any YM During any YM During any YM
Lockout and penalties Include penalty Include penalty Include penalty
Ext., if balloon None None None
Pay Exten Princ
Default At 0 for 24 3 CDR At 0 for 24 3 CDR At 0 for 24 3 CDR
Loss Severity 0.4 0.4 0.4
Servicer Advances 100% of P & I 100% of P & I 100% of P & I
Recovery Lag 12 mos 12 mos 12 mos
Optional Redemption
Shock (bp) 0 0 0
- -----------------------------------------------------------------------------------------------------------
CMT_3MO 5.820 5.820 5.820
CMT_6MO 6.000 6.000 6.000
CMT_1YR 6.030 6.030 6.030
CMT_2YR 6.345 6.345 6.345
CMT_5YR 6.256 6.256 6.256
CMT_10YR 6.030 6.030 6.030
CMT_30YR 5.880 5.880 5.880
- -----------------------------------------------------------------------------------------------------------
<CAPTION>
- -------------------------------------------------------------------------------------------------------------
25 CPR afterYM, 0 for 50 CPR afterYM, 0 for 100 CPR afterYM, 0 for
24 3 CDR, 40% LS, 24 3 CDR, 40% LS, 24 3 CDR, 40% LS,
Price 12 RD 12 RD 12 RD
- -------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
100-08 7.7788 7.7787 7.7777
100-09 7.7742 7.7741 7.7730
100-10 7.7695 7.7695 7.7683
100-11 7.7649 7.7648 7.7636
100-12 7.7603 7.7602 7.7589
100-13 7.7557 7.7556 7.7543
100-14 7.7510 7.7509 7.7496
100-15 7.7464 7.7463 7.7449
100-16 7.7418 7.7417 7.7402
100-17 7.7372 7.7371 7.7355
100-18 7.7326 7.7324 7.7308
100-19 7.7279 7.7278 7.7262
100-20 7.7233 7.7232 7.7215
100-21 7.7187 7.7186 7.7168
100-22 7.7141 7.7140 7.7122
100-23 7.7095 7.7094 7.7075
100-24 7.7049 7.7048 7.7028
- -------------------------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------------------------------------
Spread @ Center Price 170.84 170.77 169.80
WAL 9.92410 9.91060 9.73070
Mod Durn 6.717 6.711 6.629
Mod Convexity 0.593 0.592 0.576
Principal Window Mar10 to Apr10 Mar10 to Apr10 Jan10 to Feb10
Maturity #mos 119 119 117
Accrued Interest 84,128.87 84,128.87 84,128.87
Total Collat Loss 58,640,593.70 (7.49%) 58,538,878.35 (7.48%) 58,436,145.00 (7.46%)
Prepay At 25 CPR At 50 CPR At 100 CPR
No prepays During any YM During any YM During any YM
Lockout and penalties Include penalty Include penalty Include penalty
Ext., if balloon None None None
Pay Exten Princ
Default At 0 for 24 3 CDR At 0 for 24 3 CDR At 0 for 24 3 CDR
Loss Severity 0.4 0.4 0.4
Servicer Advances 100% of P & I 100% of P & I 100% of P & I
Recovery Lag 12 mos 12 mos 12 mos
Optional Redemption
Shock (bp) 0 0 0
- -------------------------------------------------------------------------------------------------------
CMT_3MO 5.820 5.820 5.820
CMT_6MO 6.000 6.000 6.000
CMT_1YR 6.030 6.030 6.030
CMT_2YR 6.345 6.345 6.345
CMT_5YR 6.256 6.256 6.256
CMT_10YR 6.030 6.030 6.030
CMT_30YR 5.880 5.880 5.880
- -------------------------------------------------------------------------------------------------------
</TABLE>
Investors should read the Underwriters' Statement which accompanies these
Computational Materials.
Prospective investors are advised to carefully read, and should rely solely on,
the final prospectus and prospectus supplement (the "Final Prospectus") relating
to the certificates referred to herein (the "Offered Certificates") in making
their investment decision. These Computational Materials have been based upon
the assumptions described above, which most likely will not represent the actual
experience of the Mortgage Pool in the future. No representation is made herein
as to the actual rate or timing of principal payments or prepayments on any of
the underlying Mortgage Loans in the Mortgage Pool or the actual performance
characteristics of the Offered Certficates. Prior to making any investment
decision, a prospective investor should receive and fully review the Final
Prospectus. NOTHING HEREIN SHOULD BE CONSIDERED AN OFFER TO SELL OR SOLICITATION
OF AN OFFER TO BUY ANY OFFERED CERTIFICATES.
<PAGE>
FUNB 00-C1, Class IO--Price/Yield
<TABLE>
<CAPTION>
- --------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
CUSIP Face $783,097,303.54 Settle at Pricing
Coupon 0.976 Original Balance $783,097,303.54 Accrual begins 5/1/00
Delay 14 Current Balance $783,097,303.54 Factor Date N/A
Stated Maturity N/A Factor 1 ----------------------------------------
Type SEN WAC IO ------------------------------------------------
- ----------------------------------------
</TABLE>
YIELD CURVE: Spread off interpolated node
3MO=5.82, 6MO=6.00, 1YR=6.03, 2YR=6.345, 5YR=6.256, 10YR=6.03, 30YR=5.88
<TABLE>
<CAPTION>
- ------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
0CPR; ym; 0CPR; ym; 0CPR; ym;
Ext0mo 100% 0% Ext0mo 100% 0% Ext0mo 100% 0%
rules; 0CDR, 30% rules; 0 for 24 rules; 0 for 24
adv100% 1CDR,30% adv100% 2CDR,30% adv100%
Price lag12; 0bp lag12; 0bp lag12; 0bp
Yield
- ------------------------------------------------------------------------------------------------------
4-31 11.5223 10.8039 10.0732
5-00 11.3708 10.6511 9.9192
5-01 11.2208 10.4999 9.7667
5-02 11.0723 10.3503 9.6158
5-03 10.9254 10.2022 9.4664
5-04 10.7800 10.0556 9.3186
5-05 10.6360 9.9105 9.1722
5-06 10.4934 9.7668 9.0273
5-07 10.3523 9.6245 8.8838
5-08 10.2125 9.4836 8.7418
5-09 10.0741 9.3441 8.6011
5-10 9.9370 9.2060 8.4618
5-11 9.8013 9.0692 8.3238
5-12 9.6668 8.9337 8.1872
5-13 9.5337 8.7995 8.0519
5-14 9.4018 8.6665 7.9178
5-15 9.2711 8.5348 7.7850
- ------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------
Spread @ Center Price 431.37 357.43 282.25
WAL 9.81130 9.55260 9.30670
Mod Durn 4.241 4.208 4.173
Mod Convexity 0.298 0.294 0.289
Principal Window Jun00 to Sep29 Jun00 to Sep29 Jun00 to Sep29
Maturity #mos 352 352 352
Accrued Interest 212,306.69 212,306.69 212,306.69
Total Collat Loss 0.00 (0.00%) 15,764,761.48 (2.01%) 30,479,732.36 (3.89%)
Prepay At 0 CPR At 0 CPR At 0 CPR
No prepays During any YM During any YM During any YM
Lockout and penalties Include penalty Include penalty Include penalty
Ext., if balloon None None None
Pay Exten Princ
Default At 0 CDR At 0 for 24 1 CDR At 0 for 24 2 CDR
Loss Severity 0.3 0.3 0.3
Servicer Advances 100% of P & I 100% of P & I 100% of P & I
Recovery Lag 12 mos 12 mos 12 mos
Optional Redemption
Shock (bp) 0 0 0
- ------------------------------------------------------------------------------------------------------
CMT_3MO 5.820 5.820 5.820
CMT_6MO 6.000 6.000 6.000
CMT_1YR 6.030 6.030 6.030
CMT_2YR 6.345 6.345 6.345
CMT_5YR 6.256 6.256 6.256
CMT_10YR 6.030 6.030 6.030
CMT_30YR 5.880 5.880 5.880
- ------------------------------------------------------------------------------------------------------
<CAPTION>
- -------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
0CPR; ym; 0CPR; ym; 0CPR; ym;
Ext0mo 100% 0% Ext0mo 100% 0% Ext0mo 100% 0%
rules; 0 for 24 rules; 0 for 24 rules; 0 for 24
4CDR,30% adv100% 6CDR,30% adv100% 8CDR,30% adv100%
Price lag12; 0bp lag12; 0bp lag12; 0bp
- -------------------------------------------------------------------------------------------------------------
4-31 8.4551 6.5105 5.2558
5-00 8.2970 6.3435 5.0870
5-01 8.1405 6.1781 4.9198
5-02 7.9855 6.0144 4.7543
5-03 7.8322 5.8523 4.5905
5-04 7.6804 5.6917 4.4282
5-05 7.5301 5.5326 4.2674
5-06 7.3813 5.3751 4.1082
5-07 7.2340 5.2190 3.9505
5-08 7.0882 5.0645 3.7943
5-09 6.9437 4.9113 3.6396
5-10 6.8007 4.7596 3.4862
5-11 6.6590 4.6092 3.3343
5-12 6.5187 4.4602 3.1838
5-13 6.3798 4.3126 3.0346
5-14 6.2421 4.1663 2.8868
5-15 6.1058 4.0213 2.7404
- -------------------------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------------------------------------
Spread @ Center Price 115.20 -88.17 -216.73
WAL 8.84990 8.43480 8.05640
Mod Durn 4.064 3.835 3.796
Mod Convexity 0.274 0.232 0.228
Principal Window Jun00 to Sep29 Jun00 to Sep29 Jun00 to Sep29
Maturity #mos 352 352 352
Accrued Interest 212,306.69 212,306.69 212,306.69
Total Collat Loss 57,055,554.71 (7.29%) 80,253,033.08 (10.25%) 100,510,810.32 (12.84%)
Prepay At 0 CPR At 0 CPR At 0 CPR
No prepays During any YM During any YM During any YM
Lockout and penalties Include penalty Include penalty Include penalty
Ext., if balloon None None None
Pay Exten Princ
Default At 0 for 24 4 CDR At 0 for 24 6 CDR At 0 for 24 8 CDR
Loss Severity 0.3 0.3 0.3
Servicer Advances 100% of P & I 100% of P & I 100% of P & I
Recovery Lag 12 mos 12 mos 12 mos
Optional Redemption
Shock (bp) 0 0 0
- -------------------------------------------------------------------------------------------------------------
CMT_3MO 5.820 5.820 5.820
CMT_6MO 6.000 6.000 6.000
CMT_1YR 6.030 6.030 6.030
CMT_2YR 6.345 6.345 6.345
CMT_5YR 6.256 6.256 6.256
CMT_10YR 6.030 6.030 6.030
CMT_30YR 5.880 5.880 5.880
- -------------------------------------------------------------------------------------------------------------
</TABLE>
Investors should read the Underwriters' Statement which accompanies these
Computational Materials.
Prospective investors are advised to carefully read, and should rely solely on,
the final prospectus and prospectus supplement (the "Final Prospectus") relating
to the certificates referred to herein (the "Offered Certificates") in making
their investment decision. These Computational Materials have been based upon
the assumptions described above, which most likely will not represent the actual
experience of the Mortgage Pool in the future. No representation is made herein
as to the actual rate or timing of principal payments or prepayments on any of
the underlying Mortgage Loans in the Mortgage Pool or the actual performance
characteristics of the Offered Certficates. Prior to making any investment
decision, a prospective investor should receive and fully review the Final
Prospectus. NOTHING HEREIN SHOULD BE CONSIDERED AN OFFER TO SELL OR SOLICITATION
OF AN OFFER TO BUY ANY OFFERED CERTIFICATES.
<PAGE>
FUNB 00-C1, Class IO--Price/Yield
<TABLE>
<CAPTION>
- ----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
CUSIP Face $783,097,303.54 Settle at Pricing
Coupon 0.976 Original Balance $783,097,303.54 Accrual begins 5/1/00
Delay 14 Current Balance $783,097,303.54 Factor Date N/A
Stated Maturity N/A Factor 1 ---------------------------------------
Type SEN WAC IO --------------------------------------------------
- -----------------------------------------
</TABLE>
YIELD CURVE: Spread off interpolated node
3MO=5.82, 6MO=6.00, 1YR=6.03, 2YR=6.345, 5YR=6.256, 10YR=6.03, 30YR=5.88
<TABLE>
<CAPTION>
- -------------------------------------------------------------------------------------------------------
100CPR; ym;
Ext0mo 100% 100CPR; ym; 100CPR; ym;
0% rules; Ext0mo 100% Ext0mo 100%
0CDR, 30% 0% rules; 0 for 24 0% rules; 0 for 24
adv100% 1CDR,30% adv100% 2CDR,30% adv100%
Price lag12; 0bp lag12; 0bp lag12; 0bp
Yield
- -------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
4-31 11.2520 10.5375 9.8107
5-00 11.0985 10.3828 9.6547
5-01 10.9466 10.2296 9.5002
5-02 10.7961 10.0780 9.3474
5-03 10.6472 9.9279 9.1960
5-04 10.4998 9.7794 9.0462
5-05 10.3539 9.6322 8.8979
5-06 10.2093 9.4866 8.7510
5-07 10.0662 9.3424 8.6055
5-08 9.9245 9.1995 8.4615
5-09 9.7841 9.0581 8.3189
5-10 9.6451 8.9180 8.1776
5-11 9.5074 8.7792 8.0377
5-12 9.3710 8.6417 7.8991
5-13 9.2358 8.5055 7.7618
5-14 9.1020 8.3706 7.6258
5-15 8.9693 8.2370 7.4910
- -------------------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------------------------------
Spread @ Center Price 401.61 328.17 253.48
WAL 9.55550 9.32170 9.09810
Mod Durn 4.183 4.150 4.116
Mod Convexity 0.286 0.282 0.278
Principal Window Jun00 to Mar25 Jun00 to Mar25 Jun00 to Mar25
Maturity #mos 298 298 298
Accrued Interest 212,306.69 212,306.69 212,306.69
Total Collat Loss 0.00 (0.00%) 15,582,526.15 (1.99%) 30,170,777.37 (3.85%)
Prepay At 100 CPR At 100 CPR At 100 CPR
No prepays During any YM During any YM During any YM
Lockout and penalties Include penalty Include penalty Include penalty
Ext., if balloon None None None
Pay Exten Princ
Default At 0 CDR At 0 for 24 1 CDR At 0 for 24 2 CDR
Loss Severity 0.3 0.3 0.3
Servicer Advances 100% of P & I 100% of P & I 100% of P & I
Recovery Lag 12 mos 12 mos 12 mos
Optional Redemption
Shock (bp) 0 0 0
- -------------------------------------------------------------------------------------------------------
CMT_3MO 5.820 5.820 5.820
CMT_6MO 6.000 6.000 6.000
CMT_1YR 6.030 6.030 6.030
CMT_2YR 6.345 6.345 6.345
CMT_5YR 6.256 6.256 6.256
CMT_10YR 6.030 6.030 6.030
CMT_30YR 5.880 5.880 5.880
- -------------------------------------------------------------------------------------------------------
<CAPTION>
- -------------------------------------------------------------------------------------------------------
100CPR; ym; 100CPR; ym; 100CPR; ym;
Ext0mo 100% Ext0mo 100% Ext0mo 100%
0% rules; 0 for 24 0% rules; 0 for 24 0% rules; 0 for 24
4CDR,30% adv100% 6CDR,30% adv100% 8CDR,30% adv100%
Price lag12; 0bp lag12; 0bp lag12; 0bp
- -------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
4-31 8.2000 6.3042 5.0479
5-00 8.0398 6.1360 4.8778
5-01 7.8813 5.9695 4.7095
5-02 7.7243 5.8046 4.5428
5-03 7.5690 5.6414 4.3777
5-04 7.4152 5.4796 4.2142
5-05 7.2629 5.3195 4.0523
5-06 7.1121 5.1608 3.8919
5-07 6.9628 5.0037 3.7330
5-08 6.8149 4.8480 3.5756
5-09 6.6684 4.6937 3.4197
5-10 6.5234 4.5409 3.2652
5-11 6.3797 4.3894 3.1122
5-12 6.2374 4.2394 2.9605
5-13 6.0964 4.0907 2.8102
5-14 5.9567 3.9433 2.6613
5-15 5.8183 3.7972 2.5137
- ------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------
Spread @ Center Price 87.30 -110.35 -239.01
WAL 8.67880 8.29370 7.93970
Mod Durn 4.009 3.808 3.767
Mod Convexity 0.263 0.228 0.224
Principal Window Jun00 to Mar25 Jun00 to Mar25 Jun00 to Mar25
Maturity #mos 298 298 298
Accrued Interest 212,306.69 212,306.69 212,306.69
Total Collat Loss 56,611,451.39 (7.23%) 79,774,109.59 (10.19%) 100,051,583.12 (12.78%)
Prepay At 100 CPR At 100 CPR At 100 CPR
No prepays During any YM During any YM During any YM
Lockout and penalties Include penalty Include penalty Include penalty
Ext., if balloon None None None
Pay Exten Princ
Default At 0 for 24 4 CDR At 0 for 24 6 CDR At 0 for 24 8 CDR
Loss Severity 0.3 0.3 0.3
Servicer Advances 100% of P & I 100% of P & I 100% of P & I
Recovery Lag 12 mos 12 mos 12 mos
Optional Redemption
Shock (bp) 0 0 0
- ------------------------------------------------------------------------------------------------------------
CMT_3MO 5.820 5.820 5.820
CMT_6MO 6.000 6.000 6.000
CMT_1YR 6.030 6.030 6.030
CMT_2YR 6.345 6.345 6.345
CMT_5YR 6.256 6.256 6.256
CMT_10YR 6.030 6.030 6.030
CMT_30YR 5.880 5.880 5.880
- ------------------------------------------------------------------------------------------------------------
</TABLE>
Investors should read the Underwriters' Statement which accompanies these
Computational Materials.
Prospective investors are advised to carefully read, and should rely solely on,
the final prospectus and prospectus supplement (the "Final Prospectus") relating
to the certificates referred to herein (the "Offered Certificates") in making
their investment decision. These Computational Materials have been based upon
the assumptions described above, which most likely will not represent the actual
experience of the Mortgage Pool in the future. No representation is made herein
as to the actual rate or timing of principal payments or prepayments on any of
the underlying Mortgage Loans in the Mortgage Pool or the actual performance
characteristics of the Offered Certficates. Prior to making any investment
decision, a prospective investor should receive and fully review the Final
Prospectus. NOTHING HEREIN SHOULD BE CONSIDERED AN OFFER TO SELL OR SOLICITATION
OF AN OFFER TO BUY ANY OFFERED CERTIFICATES.
<PAGE>
FUNB 00-C1, Class IO--Price/Yield
<TABLE>
<CAPTION>
- ---------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
CUSIP Face $783,097,303.54 Settle at Pricing
Coupon 0.976 Original Balance $783,097,303.54 Accrual begins 5/1/00
Delay 14 Current Balance $783,097,303.54 Factor Date N/A
Stated Maturity N/A Factor 1 -----------------------------------
Type SEN WAC IO ------------------------------------------------
- ----------------------------------------------
</TABLE>
YIELD CURVE: Spread off interpolated node
3MO=5.82, 6MO=6.00, 1YR=6.03, 2YR=6.345, 5YR=6.256, 10YR=6.03, 30YR=5.88
<TABLE>
<CAPTION>
- -----------------------------------------------------------------------------------------------------------------------------------
100 CPR after YM,
100 CPR after YM, Atrium 6/6/65%,
99 CPR after Atrium 6/6/65%, Hel/Pet 6/6/50%,
Price 0 CPR YM Hel/Pet 6/6/50% Wash 12/12/30%
Yield Yield Yield
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
4-31 11.5223 11.2520 10.0295 9.5133
5-00 11.3708 11.0985 9.8795 9.3638
5-01 11.2208 10.9466 9.7309 9.2158
5-02 11.0723 10.7961 9.5839 9.0693
5-03 10.9254 10.6472 9.4383 8.9242
5-04 10.7800 10.4998 9.2942 8.7806
5-05 10.6360 10.3539 9.1515 8.6385
5-06 10.4934 10.2093 9.0102 8.4977
5-07 10.3523 10.0662 8.8703 8.3583
5-08 10.2125 9.9245 8.7318 8.2203
5-09 10.0741 9.7841 8.5945 8.0835
5-10 9.9370 9.6451 8.4586 7.9481
5-11 9.8013 9.5074 8.3240 7.8140
5-12 9.6668 9.3710 8.1907 7.6812
5-13 9.5337 9.2358 8.0586 7.5496
5-14 9.4018 9.1020 7.9277 7.4192
5-15 9.2711 8.9693 7.7980 7.2900
- -----------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
Spread @ Center Price 431.37 401.61 280.92 228.11
WAL 9.81130 9.55550 9.31060 8.95630
Mod Durn 4.241 4.183 4.279 4.294
Mod Convexity 0.298 0.286 0.299 0.302
Principal Window Jun00 to Sep29 Jun00 to Mar25 Jun00 to Mar25 Jun00 to Mar25
Maturity #mos 352 298 298 298
Accrued Interest 212,306.69 212,306.69 212,306.69 212,306.69
Total Collat Loss 0.00 (0.00%) 0.00 (0.00%) 14,134,807.60 (1.80%) 25,859,515.16 (3.30%)
Prepay At 0 CPR At 100 CPR At 100 CPR At 100 CPR
No prepays During any YM During any YM During any YM During any YM
Lockout and penalties Include penalty Include penalty Include penalty Include penalty
Ext., if balloon None None None None
Pay Exten Princ
Default At 0 CDR At 0 CDR At 0 CDR At 0 CDR
Loss Severity 0 0 0 0
Servicer Advances 100% of P & I 100% of P & I 100% of P & I 100% of P & I
Recovery Lag 12 mos 12 mos 12 mos 12 mos
- -----------------------------------------------------------------------------------------------------------------------------------
CMT_3MO 5.820 5.820 5.820 5.820
CMT_6MO 6.000 6.000 6.000 6.000
CMT_1YR 6.030 6.030 6.030 6.030
CMT_2YR 6.345 6.345 6.345 6.345
CMT_5YR 6.256 6.256 6.256 6.256
CMT_10YR 6.030 6.030 6.030 6.030
CMT_30YR 5.880 5.880 5.880 5.880
- -----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
Investors should read the Underwriters' Statement which accompanies these
Computational Materials.
Prospective investors are advised to carefully read, and should rely solely on,
the final prospectus and prospectus supplement (the "Final Prospectus") relating
to the certificates referred to herein (the "Offered Certificates") in making
their investment decision. These Computational Materials have been based upon
the assumptions described above, which most likely will not represent the actual
experience of the Mortgage Pool in the future. No representation is made herein
as to the actual rate or timing of principal payments or prepayments on any of
the underlying Mortgage Loans in the Mortgage Pool or the actual performance
characteristics of the Offered Certficates. Prior to making any investment
decision, a prospective investor should receive and fully review the Final
Prospectus. NOTHING HEREIN SHOULD BE CONSIDERED AN OFFER TO SELL OR SOLICITATION
OF AN OFFER TO BUY ANY OFFERED CERTIFICATES.
<PAGE>
FUNB 00-C1, Class IO--Price/Yield
REVISED APRIL 25, 2000
<TABLE>
<CAPTION>
- ------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
CUSIP Face $783,097,303.54 Settle at Pricing
Coupon 0.976 Original Balance $783,097,303.54 Accrual begins 5/1/00
Delay 14 Current Balance $783,097,303.54 Factor Date N/A
Stated Maturity N/A Factor 1 ---------------------------------------
Type SEN WAC IO -----------------------------------------
- ----------------------------------------------
</TABLE>
YIELD CURVE: Spread off interpolated node
3MO=5.82, 6MO=6.00, 1YR=6.03, 2YR=6.345, 5YR=6.256, 10YR=6.03, 30YR=5.88
<TABLE>
<CAPTION>
- -----------------------------------------------------------------------------------------------------------------------------------
Price 0 CPR 10 CPR 15 CPR 25 CPR 50 CPR 100 CPR
Yield
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
5-03 10.9254 10.9787 10.9878 11.0038 11.0305 10.8934
5-03+ 10.8525 10.9053 10.9143 10.9300 10.9563 10.8185
5-04 10.7800 10.8323 10.8411 10.8566 10.8826 10.7439
5-04+ 10.7078 10.7597 10.7683 10.7836 10.8092 10.6697
5-05 10.6360 10.6875 10.6959 10.7109 10.7361 10.5958
5-05+ 10.5645 10.6156 10.6238 10.6386 10.6635 10.5223
5-06 10.4934 10.5440 10.5521 10.5666 10.5912 10.4492
5-06+ 10.4227 10.4729 10.4808 10.4950 10.5192 10.3764
5-07 10.3523 10.4020 10.4098 10.4237 10.4476 10.3040
5-07+ 10.2822 10.3315 10.3391 10.3528 10.3763 10.2320
5-08 10.2125 10.2614 10.2688 10.2823 10.3054 10.1603
5-08+ 10.1431 10.1916 10.1988 10.2120 10.2348 10.0889
5-09 10.0741 10.1221 10.1291 10.1421 10.1646 10.0179
5-09+ 10.0054 10.0530 10.0598 10.0726 10.0947 9.9472
5-10 9.9370 9.9842 9.9909 10.0034 10.0251 9.8768
5-10+ 9.8690 9.9157 9.9222 9.9345 9.9559 9.8068
5-11 9.8013 9.8475 9.8539 9.8659 9.8870 9.7371
- -----------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
Spread @ Center Price 431.37 435.45 435.96 437.03 439.03 423.74
WAL 9.81130 9.61180 9.55460 9.48160 9.39670 9.18940
Mod Durn 4.241 4.215 4.205 4.190 4.170 4.123
Mod Convexity 0.298 0.292 0.290 0.287 0.284 0.278
Principal Window Jun00 to Sep29 Jun00 to Sep29 Jun00 to Sep29 Jun00 to Sep29 Jun00 to Sep29 Jun00 to Mar25
Maturity #mos 352 352 352 352 352 298
Accrued Interest 212,306.69 212,306.69 212,306.69 212,306.69 212,306.69 212,306.69
Total Collat Loss 0.00 (0.00%) 0.00 (0.00%) 0.00 (0.00%) 0.00 (0.00%) 0.00 (0.00%) 0.00 (0.00%)
Prepay At 0 CPR At 10 CPR At 15 CPR At 25 CPR At 50 CPR At 100 CPR
No prepays
Lockout and penalties Include penalty Include penalty Include penalty Include penalty Include penalty Include penalty
Ext., if balloon None None None None None None
Pay Exten Princ
Default At 0 CDR At 0 CDR At 0 CDR At 0 CDR At 0 CDR At 0 CDR
Loss Severity 0 0 0 0 0 0
Servicer Advances 100% of P & I 100% of P & I 100% of P & I 100% of P & I 100% of P & I 100% of P & I
Recovery Lag 0 mos 0 mos 0 mos 0 mos 0 mos 0 mos
- -----------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
CMT_3MO 5.820 5.820 5.820 5.820 5.820 5.820
CMT_6MO 6.000 6.000 6.000 6.000 6.000 6.000
CMT_1YR 6.030 6.030 6.030 6.030 6.030 6.030
CMT_2YR 6.345 6.345 6.345 6.345 6.345 6.345
CMT_5YR 6.256 6.256 6.256 6.256 6.256 6.256
CMT_10YR 6.030 6.030 6.030 6.030 6.030 6.030
CMT_30YR 5.880 5.880 5.880 5.880 5.880 5.880
- -----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
Investors should read the Underwriters' Statement which accompanies these
Computational Materials.
Prospective investors are advised to carefully read, and should rely solely on,
the final prospectus and prospectus supplement (the "Final Prospectus") relating
to the certificates referred to herein (the "Offered Certificates") in making
their investment decision. These Computational Materials have been based upon
the assumptions described above, which most likely will not represent the actual
experience of the Mortgage Pool in the future. No representation is made herein
as to the actual rate or timing of principal payments or prepayments on any of
the underlying Mortgage Loans in the Mortgage Pool or the actual performance
characteristics of the Offered Certficates. Prior to making any investment
decision, a prospective investor should receive and fully review the Final
Prospectus. NOTHING HEREIN SHOULD BE CONSIDERED AN OFFER TO SELL OR SOLICITATION
OF AN OFFER TO BUY ANY OFFERED CERTIFICATES.
<PAGE>
FUNB 00-C1, Class IO--Price/Yield
Revised April 25, 2000
<TABLE>
<CAPTION>
- ------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
CUSIP Face $783,097,303.54 Settle at Pricing
Coupon 0.976 Original Balance $783,097,303.54 Accrual begins 5/1/00
Delay 14 Current Balance $783,097,303.54 Factor Date N/A
Stated Maturity N/A Factor 1 ---------------------------------------
Type SEN WAC IO -----------------------------------------
- ----------------------------------------------
</TABLE>
YIELD CURVE: Spread off interpolated node
3MO=5.82, 6MO=6.00, 1YR=6.03, 2YR=6.345, 5YR=6.256, 10YR=6.03, 30YR=5.88
<TABLE>
<CAPTION>
- -----------------------------------------------------------------------------------------------------------------------------------
10 CPR after 15 CPR after 25 CPR after 50 CPR after 100 CPR after
Price 0 CPR YM YM YM YM YM
Yield
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
5-03 10.9254 10.9008 10.8918 10.8774 10.8509 10.6472
5-03+ 10.8525 10.8277 10.8186 10.8041 10.7775 10.5733
5-04 10.7800 10.7550 10.7458 10.7312 10.7045 10.4998
5-04+ 10.7078 10.6826 10.6733 10.6587 10.6318 10.4267
5-05 10.6360 10.6106 10.6012 10.5865 10.5595 10.3539
5-05+ 10.5645 10.5389 10.5295 10.5147 10.4875 10.2814
5-06 10.4934 10.4676 10.4581 10.4432 10.4159 10.2093
5-06+ 10.4227 10.3966 10.3871 10.3721 10.3446 10.1376
5-07 10.3523 10.3260 10.3164 10.3013 10.2737 10.0662
5-07+ 10.2822 10.2558 10.2461 10.2309 10.2032 9.9952
5-08 10.2125 10.1858 10.1761 10.1608 10.1329 9.9245
5-08+ 10.1431 10.1162 10.1064 10.0910 10.0631 9.8541
5-09 10.0741 10.0470 10.0371 10.0216 9.9935 9.7841
5-09+ 10.0054 9.9781 9.9681 9.9525 9.9243 9.7144
5-10 9.9370 9.9095 9.8995 9.8838 9.8554 9.6451
5-10+ 9.8690 9.8412 9.8312 9.8153 9.7869 9.5761
5-11 9.8013 9.7733 9.7632 9.7472 9.7186 9.5074
- -----------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
Spread @ Center Price 431.37 428.57 427.56 425.96 423.09 401.61
WAL 9.81130 9.77270 9.76020 9.74240 9.71570 9.55550
Mod Durn 4.241 4.229 4.224 4.219 4.211 4.183
Mod Convexity 0.298 0.294 0.293 0.292 0.290 0.286
Principal Window Jun00 to Sep29 Jun00 to Sep29 Jun00 to Sep29 Jun00 to Sep29 Jun00 to Sep29 Jun00 to Mar25
Maturity #mos 352 352 352 352 352 298
Accrued Interest 212,306.69 212,306.69 212,306.69 212,306.69 212,306.69 212,306.69
Total Collat Loss 0.00 (0.00%) 0.00 (0.00%) 0.00 (0.00%) 0.00 (0.00%) 0.00 (0.00%) 0.00 (0.00%)
Prepay At 0 CPR At 10 CPR At 15 CPR At 25 CPR At 50 CPR At 100 CPR
No prepays During any YM During any YM During any YM During any YM During any YM During any YM
Lockout and penalties Include penalty Include penalty Include penalty Include penalty Include penalty Include penalty
Ext., if balloon None None None None None None
Pay Exten Princ
Default At 0 CDR At 0 CDR At 0 CDR At 0 CDR At 0 CDR At 0 CDR
Loss Severity 0 0 0 0 0 0
Servicer Advances 100% of P & I 100% of P & I 100% of P & I 100% of P & I 100% of P & I 100% of P & I
Recovery Lag 0 mos 0 mos 0 mos 0 mos 0 mos 0 mos
- -----------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
CMT_3MO 5.820 5.820 5.820 5.820 5.820 5.820
CMT_6MO 6.000 6.000 6.000 6.000 6.000 6.000
CMT_1YR 6.030 6.030 6.030 6.030 6.030 6.030
CMT_2YR 6.345 6.345 6.345 6.345 6.345 6.345
CMT_5YR 6.256 6.256 6.256 6.256 6.256 6.256
CMT_10YR 6.030 6.030 6.030 6.030 6.030 6.030
CMT_30YR 5.880 5.880 5.880 5.880 5.880 5.880
- -----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
Investors should read the Underwriters' Statement which accompanies these
Computational Materials.
Prospective investors are advised to carefully read, and should rely solely on,
the final prospectus and prospectus supplement (the "Final Prospectus") relating
to the certificates referred to herein (the "Offered Certificates") in making
their investment decision. These Computational Materials have been based upon
the assumptions described above, which most likely will not represent the actual
experience of the Mortgage Pool in the future. No representation is made herein
as to the actual rate or timing of principal payments or prepayments on any of
the underlying Mortgage Loans in the Mortgage Pool or the actual performance
characteristics of the Offered Certficates. Prior to making any investment
decision, a prospective investor should receive and fully review the Final
Prospectus. NOTHING HEREIN SHOULD BE CONSIDERED AN OFFER TO SELL OR SOLICITATION
OF AN OFFER TO BUY ANY OFFERED CERTIFICATES.
<PAGE>
FUNB 00-C1--Tranche Info
<TABLE>
<CAPTION>
Current
Contribution
Tranche Tranche type Current Balance Coupon * IO Coupon to IO
<S> <C> <C> <C> <C> <C>
AAA_1 SEN FIX CAP 96,000,000 7.4870 1.0123 12.72%
AAA_2 JUN FIX CAP 485,449,000 7.6100 0.8893 56.49%
AA JUN FIX CAP 39,155,000 7.7350 0.7643 3.92%
A JUN FIX CAP 35,239,000 7.8510 0.6483 2.99%
AM JUN FIX CAP 11,747,000 7.9490 0.5503 0.85%
BBB JUN WAC 25,451,000 8.4993 0.0000 0.00%
BBBM JUN WAC 11,746,000 8.4993 0.0000 0.00%
BBP JUN FIX 29,366,000 6.2500 2.2493 8.64%
BB JUN FIX 7,831,000 6.2500 2.2493 2.30%
BBM JUN FIX 3,916,000 6.2500 2.2493 1.15%
BP JUN FIX 7,831,000 6.2500 2.2493 2.30%
B JUN FIX 5,873,000 6.2500 2.2493 1.73%
BM JUN FIX 8,810,000 6.2500 2.2493 2.59%
NR JUN FIX 14,683,303 6.2500 2.2493 4.32%
IO SEN WAC IO 783,097,304 0.9760 100.00%
Collateral 783,097,304 8.4993
</TABLE>
* Coupon Adjusted for Actual/360
Investors should read the Underwriters' Statement which accompanies these
Computational Materials.
Prospective investors are advised to carefully read, and should rely solely on,
the final prospectus and prospectus supplement (the "Final Prospectus") relating
to the certificates referred to herein (the "Offered Certificates") in making
their investment decision. These Computational Materials have been based upon
the assumptions described above, which most likely will not represent the actual
experience of the Mortgage Pool in the future. No representation is made herein
as to the actual rate or timing of principal payments or prepayments on any of
the underlying Mortgage Loans in the Mortgage Pool or the actual performance
characteristics of the Offered Certficates. Prior to making any investment
decision, a prospective investor should receive and fully review the Final
Prospectus. NOTHING HEREIN SHOULD BE CONSIDERED AN OFFER TO SELL OR SOLICITATION
OF AN OFFER TO BUY ANY OFFERED CERTIFICATES.
Generated by Intex Trader 4/25/2000 8:45AM
Information provided herein is believed by INTEX to be accurate;
however INTEX cannot guarantee accuracy.
<PAGE>
<TABLE>
<CAPTION>
FUNB 00-C1, Class AAA_1--Price/Yield
- --------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
CUSIP Face $95,500,000.00 Settle at Pricing
Coupon 7.739 Original Balance $95,500,000.00 Accrual begins 5/1/00
Delay 14 Current Balance $95,500,000.00 Factor Date N/A
Stated Maturity N/A Factor 1 ----------------------------
Type SEN FIX CAP -----------------------------------
- ----------------------------------
YIELD CURVE: Spread off interpolated node
3MO=5.82, 6MO=6.00, 1YR=6.03, 2YR=6.587, 5YR=6.552, 10YR=6.225, 30YR=5.966
- ---------------------------------------------------------------------------------------------------------------------
Price 0 CPR 10 CPR 15 CPR 25 CPR 50 CPR 100 CPR
Yield after YM after YM after YM after YM after YM
- ---------------------------------------------------------------------------------------------------------------------
100.2482 7.7377 7.7377 7.7377 7.7377 7.7376 7.7372
100.2795 7.7305 7.7305 7.7305 7.7305 7.7304 7.7299
100.3107 7.7233 7.7233 7.7233 7.7233 7.7232 7.7227
100.342 7.7161 7.7161 7.7161 7.7160 7.7160 7.7155
100.3732 7.7089 7.7089 7.7089 7.7088 7.7088 7.7083
100.4045 7.7017 7.7017 7.7017 7.7016 7.7016 7.7010
100.4357 7.6945 7.6945 7.6945 7.6945 7.6944 7.6938
100.467 7.6873 7.6873 7.6873 7.6873 7.6872 7.6866
100.4982 7.6801 7.6801 7.6801 7.6801 7.6800 7.6794
100.5295 7.6729 7.6729 7.6729 7.6729 7.6729 7.6722
100.5607 7.6657 7.6657 7.6657 7.6657 7.6657 7.6650
100.592 7.6586 7.6585 7.6585 7.6585 7.6585 7.6577
100.6232 7.6514 7.6514 7.6514 7.6514 7.6513 7.6505
100.6545 7.6442 7.6442 7.6442 7.6442 7.6441 7.6433
100.6857 7.6370 7.6370 7.6370 7.6370 7.6370 7.6361
100.717 7.6299 7.6299 7.6299 7.6299 7.6298 7.6290
100.7482 7.6227 7.6227 7.6227 7.6227 7.6226 7.6218
- -----------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------
Spread @ Center Price 117.50 117.50 117.50 117.49 117.48 117.22
WAL 5.71750 5.71700 5.71680 5.71630 5.71480 5.68600
Mod Durn 4.318 4.318 4.318 4.318 4.317 4.301
Mod Convexity 0.275 0.275 0.275 0.275 0.275 0.272
Principal Window Jun00 to Jul09 Jun00 to Jul09 Jun00 to Jul09 Jun00 to Jul09 Jun00 to Jul09 Jun00 to Jun09
Maturity #mos 110 110 110 110 110 109
Accrued Interest 205,298.47 205,298.47 205,298.47 205,298.47 205,298.47 205,298.47
Total Collat Loss 0.00 (0.00%) 0.00 (0.00%) 0.00 (0.00%) 0.00 (0.00%) 0.00 (0.00%) 0.00 (0.00%)
Prepay At 0 CPR At 10 CPR At 15 CPR At 25 CPR At 50 CPR At 100 CPR
No prepays During any YM During any YM During any YM During any YM During any YM During any YM
Lockout and penalties Include penalty Include penalty Include penalty Include penalty Include penalty Include penalty
Ext., if balloon None None None None None None
Pay Exten Princ
Default At 0 CDR At 0 CDR At 0 CDR At 0 CDR At 0 CDR At 0 CDR
Loss Severity 0 0 0 0 0 0
Servicer Advances 100% of P & I 100% of P & I 100% of P & I 100% of P & I 100% of P & I 100% of P & I
Recovery Lag 12 mos 12 mos 12 mos 12 mos 12 mos 12 mos
- -------------------------------------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------------------------------------------------
Optional Redemption Calls ASAP (N) Calls ASAP (N) Calls ASAP (N) Calls ASAP (N) Calls ASAP (N) Calls ASAP (N)
CMT_3MO 5.820 5.820 5.820 5.820 5.820 5.820
CMT_6MO 6.000 6.000 6.000 6.000 6.000 6.000
CMT_1YR 6.030 6.030 6.030 6.030 6.030 6.030
CMT_2YR 6.345 6.345 6.345 6.345 6.345 6.345
CMT_5YR 6.552 6.552 6.552 6.552 6.552 6.552
CMT_10YR 6.225 6.225 6.225 6.225 6.225 6.225
- -------------------------------------------------------------------------------------------------------------------------
CMT_30YR 5.966 5.966 5.966 5.966 5.966 5.966
- -------------------------------------------------------------------------------------------------------------------------
</TABLE>
- --------------------------------------------------------------------------------
Investors should read the Underwriters' Statement which accompanies these
Computational Materials.
Prospective investors are advised to carefully read, and should rely solely on,
the final prospectus and prospectus supplement (collectively, the "Final
Prospectus") relating to the certificates referred to herein (the "Offered
Certificates") in making their investment decision. These Computational
Materials have been based upon the assumptions described above, which most
likely will not represent the actual experience of the Mortgage Pool in the
future. No representation is made herein as to the actual rate or timing of
principal payments or prepayments on any of the underlying Mortgage Loans in the
Mortgage Pool or the actual performance characteristics of the Offered
Certficates. Prior to making any investment decision, a prospective investor
should receive and fully review the Final Prospectus. NOTHING HEREIN SHOULD BE
CONSIDERED AN OFFER TO SELL OR SOLICITATION OF AN OFFER TO BUY ANY OFFERED
CERTIFICATES.
- --------------------------------------------------------------------------------
<PAGE>
<TABLE>
<CAPTION>
FUNB 00-C1, Class AAA_2--Price/Yield
- -------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
CUSIP Face $480,921,000.00 Settle at Pricing
Coupon 7.841 Original Balance $480,921,000.00 Accrual begins 5/1/00
Delay 14 Current Balance $480,921,000.00 Factor Date N/A
Stated Maturity N/A Factor 1 ----------------------------
Type JUN FIX CAP ---------------------------------
- -----------------------------------
YIELD CURVE: Spread off interpolated node
3MO=5.82, 6MO=6.00, 1YR=6.03, 2YR=6.587, 5YR=6.552, 10YR=6.225, 30YR=5.966
- ---------------------------------------------------------------------------------------------------------------------
Price 0 CPR 10 CPR 15 CPR 25 CPR 50 CPR 100 CPR
Yield after YM after YM after YM after YM after YM
- ---------------------------------------------------------------------------------------------------------------------
100.2453 7.8866 7.8865 7.8865 7.8865 7.8864 7.8854
100.2766 7.8818 7.8818 7.8818 7.8818 7.8817 7.8806
100.3078 7.8771 7.8771 7.8770 7.8770 7.8769 7.8758
100.3391 7.8723 7.8723 7.8723 7.8723 7.8722 7.8710
100.3703 7.8676 7.8676 7.8676 7.8676 7.8675 7.8662
100.4016 7.8629 7.8629 7.8629 7.8628 7.8627 7.8614
100.4328 7.8582 7.8581 7.8581 7.8581 7.8580 7.8566
100.4641 7.8534 7.8534 7.8534 7.8534 7.8533 7.8519
100.4953 7.8487 7.8487 7.8487 7.8486 7.8485 7.8471
100.5266 7.8440 7.8440 7.8440 7.8439 7.8438 7.8423
100.5578 7.8393 7.8392 7.8392 7.8392 7.8391 7.8375
100.5891 7.8346 7.8345 7.8345 7.8345 7.8344 7.8327
100.6203 7.8298 7.8298 7.8298 7.8298 7.8296 7.8279
100.6516 7.8251 7.8251 7.8251 7.8250 7.8249 7.8232
100.6828 7.8204 7.8204 7.8204 7.8203 7.8202 7.8184
100.7141 7.8157 7.8157 7.8157 7.8156 7.8155 7.8136
100.7453 7.8110 7.8110 7.8109 7.8109 7.8108 7.8088
- -------------------------------------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------------------------------------------------
Spread @ Center Price 160.25 160.23 160.21 160.18 160.10 158.83
WAL 9.67570 9.67240 9.67060 9.66670 9.65480 9.48370
Mod Durn 6.572 6.570 6.569 6.567 6.562 6.483
Mod Convexity 0.567 0.567 0.567 0.567 0.566 0.551
Principal Window Jul09 to Mar10 Jul09 to Mar10 Jul09 to Mar10 Jul09 to Mar10 Jul09 to Mar10 Jun09 to Jan10
Maturity #mos 118 118 118 118 118 116
Accrued Interest 1,047,472.66 1,047,472.66 1,047,472.66 1,047,472.66 1,047,472.66 1,047,472.66
Total Collat Loss 0.00 (0.00%) 0.00 (0.00%) 0.00 (0.00%) 0.00 (0.00%) 0.00 (0.00%) 0.00 (0.00%)
Prepay At 0 CPR At 10 CPR At 15 CPR At 25 CPR At 50 CPR At 100 CPR
No prepays During any YM During any YM During any YM During any YM During any YM During any YM
Lockout and penalties Include penalty Include penalty Include penalty Include penalty Include penalty Include penalty
Ext., if balloon None None None None None None
Pay Exten Princ
Default At 0 CDR At 0 CDR At 0 CDR At 0 CDR At 0 CDR At 0 CDR
Loss Severity 0 0 0 0 0 0
Servicer Advances 100% of P & I 100% of P & I 100% of P & I 100% of P & I 100% of P & I 100% of P & I
Recovery Lag 12 mos 12 mos 12 mos 12 mos 12 mos 12 mos
- -------------------------------------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------------------------------------------------
Optional Redemption Calls ASAP (N) Calls ASAP (N) Calls ASAP (N) Calls ASAP (N) Calls ASAP (N) Calls ASAP (N)
CMT_3MO 5.820 5.820 5.820 5.820 5.820 5.820
CMT_6MO 6.000 6.000 6.000 6.000 6.000 6.000
CMT_1YR 6.030 6.030 6.030 6.030 6.030 6.030
CMT_2YR 6.345 6.345 6.345 6.345 6.345 6.345
CMT_5YR 6.552 6.552 6.552 6.552 6.552 6.552
CMT_10YR 6.225 6.225 6.225 6.225 6.225 6.225
- -------------------------------------------------------------------------------------------------------------------------
CMT_30YR 5.966 5.966 5.966 5.966 5.966 5.966
- -------------------------------------------------------------------------------------------------------------------------
</TABLE>
- --------------------------------------------------------------------------------
Investors should read the Underwriters' Statement which accompanies these
Computational Materials.
Prospective investors are advised to carefully read, and should rely solely on,
the final prospectus and prospectus supplement (collectively, the "Final
Prospectus") relating to the certificates referred to herein (the "Offered
Certificates") in making their investment decision. These Computational
Materials have been based upon the assumptions described above, which most
likely will not represent the actual experience of the Mortgage Pool in the
future. No representation is made herein as to the actual rate or timing of
principal payments or prepayments on any of the underlying Mortgage Loans in the
Mortgage Pool or the actual performance characteristics of the Offered
Certficates. Prior to making any investment decision, a prospective investor
should receive and fully review the Final Prospectus. NOTHING HEREIN SHOULD BE
CONSIDERED AN OFFER TO SELL OR SOLICITATION OF AN OFFER TO BUY ANY OFFERED
CERTIFICATES.
- --------------------------------------------------------------------------------
<PAGE>
<TABLE>
<CAPTION>
FUNB 00-C1, Class AA--Price/Yield
- -------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
CUSIP Face $38,817,000.00 Settle at Pricing
Coupon 7.973 Original Balance $38,817,000.00 Accrual begins 5/1/00
Delay 14 Current Balance $38,817,000.00 Factor Date N/A
Stated Maturity N/A Factor 1
Type JUN FIX CAP ----------------------------------- ----------------------------
- -----------------------------------
YIELD CURVE: Spread off interpolated node
3MO=5.82, 6MO=6.00, 1YR=6.03, 2YR=6.587, 5YR=6.552, 10YR=6.225, 30YR=5.966
- ---------------------------------------------------------------------------------------------------------------------
Price 0 CPR 10 CPR 15 CPR 25 CPR 50 CPR 100 CPR
Yield after YM after YM after YM after YM after YM
- ---------------------------------------------------------------------------------------------------------------------
100.2489 8.0223 8.0223 8.0223 8.0223 8.0222 8.0211
100.2802 8.0176 8.0176 8.0176 8.0176 8.0175 8.0164
100.3114 8.0129 8.0129 8.0129 8.0129 8.0128 8.0116
100.3427 8.0083 8.0082 8.0082 8.0082 8.0081 8.0068
100.3739 8.0036 8.0035 8.0035 8.0035 8.0034 8.0021
100.4052 7.9989 7.9988 7.9988 7.9988 7.9987 7.9973
100.4364 7.9942 7.9942 7.9941 7.9941 7.9940 7.9926
100.4677 7.9895 7.9895 7.9894 7.9894 7.9893 7.9878
100.4989 7.9848 7.9848 7.9848 7.9847 7.9846 7.9831
100.5302 7.9801 7.9801 7.9801 7.9800 7.9799 7.9783
100.5614 7.9755 7.9754 7.9754 7.9754 7.9752 7.9736
100.5927 7.9708 7.9707 7.9707 7.9707 7.9705 7.9688
100.6239 7.9661 7.9661 7.9660 7.9660 7.9659 7.9641
100.6552 7.9614 7.9614 7.9614 7.9613 7.9612 7.9593
100.6864 7.9568 7.9567 7.9567 7.9566 7.9565 7.9546
100.7177 7.9521 7.9520 7.9520 7.9520 7.9518 7.9499
100.7489 7.9474 7.9474 7.9474 7.9473 7.9471 7.9451
- -------------------------------------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------------------------------------------------
Spread @ Center Price 175.25 175.22 175.20 175.16 175.04 173.70
WAL 9.88830 9.88350 9.88100 9.87560 9.85930 9.67780
Mod Durn 6.627 6.625 6.623 6.621 6.614 6.533
Mod Convexity 0.581 0.580 0.580 0.580 0.578 0.563
Principal Window Mar10 to Apr10 Mar10 to Apr10 Mar10 to Apr10 Mar10 to Apr10 Mar10 to Apr10 Jan10 to Jan10
Maturity #mos 119 119 119 119 119 116
Accrued Interest 85,968.87 85,968.87 85,968.87 85,968.87 85,968.87 85,968.87
Total Collat Loss 0.00 (0.00%) 0.00 (0.00%) 0.00 (0.00%) 0.00 (0.00%) 0.00 (0.00%) 0.00 (0.00%)
Prepay At 0 CPR At 10 CPR At 15 CPR At 25 CPR At 50 CPR At 100 CPR
No prepays During any YM During any YM During any YM During any YM During any YM During any YM
Lockout and penalties Include penalty Include penalty Include penalty Include penalty Include penalty Include penalty
Ext., if balloon None None None None None None
Pay Exten Princ
Default At 0 CDR At 0 CDR At 0 CDR At 0 CDR At 0 CDR At 0 CDR
Loss Severity 0 0 0 0 0 0
Servicer Advances 100% of P & I 100% of P & I 100% of P & I 100% of P & I 100% of P & I 100% of P & I
Recovery Lag 12 mos 12 mos 12 mos 12 mos 12 mos 12 mos
- -------------------------------------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------------------------------------------------
Optional Redemption Calls ASAP (N) Calls ASAP (N) Calls ASAP (N) Calls ASAP (N) Calls ASAP (N) Calls ASAP (N)
CMT_3MO 5.820 5.820 5.820 5.820 5.820 5.820
CMT_6MO 6.000 6.000 6.000 6.000 6.000 6.000
CMT_1YR 6.030 6.030 6.030 6.030 6.030 6.030
CMT_2YR 6.345 6.345 6.345 6.345 6.345 6.345
CMT_5YR 6.552 6.552 6.552 6.552 6.552 6.552
CMT_10YR 6.225 6.225 6.225 6.225 6.225 6.225
- -------------------------------------------------------------------------------------------------------------------------
CMT_30YR 5.966 5.966 5.966 5.966 5.966 5.966
- -------------------------------------------------------------------------------------------------------------------------
</TABLE>
- --------------------------------------------------------------------------------
Investors should read the Underwriters' Statement which accompanies these
Computational Materials.
Prospective investors are advised to carefully read, and should rely solely on,
the final prospectus and prospectus supplement (collectively, the "Final
Prospectus") relating to the certificates referred to herein (the "Offered
Certificates") in making their investment decision. These Computational
Materials have been based upon the assumptions described above, which most
likely will not represent the actual experience of the Mortgage Pool in the
future. No representation is made herein as to the actual rate or timing of
principal payments or prepayments on any of the underlying Mortgage Loans in the
Mortgage Pool or the actual performance characteristics of the Offered
Certficates. Prior to making any investment decision, a prospective investor
should receive and fully review the Final Prospectus. NOTHING HEREIN SHOULD BE
CONSIDERED AN OFFER TO SELL OR SOLICITATION OF AN OFFER TO BUY ANY OFFERED
CERTIFICATES.
- --------------------------------------------------------------------------------
<PAGE>
<TABLE>
<CAPTION>
FUNB 00-C1, Class A--Price/Yield
- -------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
CUSIP Face $34,934,000.00 Settle at Pricing
Coupon 8.087 Original Balance $34,934,000.00 Accrual begins 5/1/00
Delay 14 Current Balance $34,934,000.00 Factor Date N/A
Stated Maturity N/A Factor 1 ---------------------------
Type JUN FIX CAP -----------------------------------
- -----------------------------------
YIELD CURVE: Spread off interpolated node
3MO=5.82, 6MO=6.00, 1YR=6.03, 2YR=6.587, 5YR=6.552, 10YR=6.225, 30YR=5.966
- ---------------------------------------------------------------------------------------------------------------------
Price 0 CPR 10 CPR 15 CPR 25 CPR 50 CPR 100 CPR
Yield after YM after YM after YM after YM after YM
- ---------------------------------------------------------------------------------------------------------------------
100.2452 8.1399 8.1399 8.1399 8.1399 8.1399 8.1389
100.2765 8.1352 8.1352 8.1352 8.1352 8.1352 8.1341
100.3077 8.1304 8.1304 8.1304 8.1305 8.1305 8.1294
100.339 8.1257 8.1257 8.1257 8.1257 8.1258 8.1246
100.3702 8.1210 8.1210 8.1210 8.1210 8.1211 8.1198
100.4015 8.1163 8.1163 8.1163 8.1163 8.1164 8.1151
100.4327 8.1116 8.1116 8.1116 8.1116 8.1117 8.1103
100.464 8.1069 8.1069 8.1069 8.1069 8.1070 8.1056
100.4952 8.1022 8.1022 8.1022 8.1022 8.1023 8.1008
100.5265 8.0975 8.0975 8.0975 8.0976 8.0976 8.0961
100.5577 8.0929 8.0929 8.0929 8.0929 8.0929 8.0913
100.589 8.0882 8.0882 8.0882 8.0882 8.0882 8.0866
100.6202 8.0835 8.0835 8.0835 8.0835 8.0835 8.0819
100.6515 8.0788 8.0788 8.0788 8.0788 8.0788 8.0771
100.6827 8.0741 8.0741 8.0741 8.0741 8.0741 8.0724
100.714 8.0694 8.0694 8.0694 8.0694 8.0694 8.0676
100.7452 8.0647 8.0647 8.0647 8.0647 8.0648 8.0629
- -------------------------------------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------------------------------------------------
Spread @ Center Price 187.25 187.25 187.25 187.25 187.25 185.99
WAL 9.92780 9.92780 9.92780 9.92780 9.92780 9.75620
Mod Durn 6.609 6.609 6.609 6.609 6.609 6.533
Mod Convexity 0.580 0.580 0.580 0.580 0.580 0.565
Principal Window Apr10 to Apr10 Apr10 to Apr10 Apr10 to Apr10 Apr10 to Apr10 Apr10 to Apr10 Jan10 to Feb10
Maturity #mos 119 119 119 119 119 117
Accrued Interest 78,475.35 78,475.35 78,475.35 78,475.35 78,475.35 78,475.35
Total Collat Loss 0.00 (0.00%) 0.00 (0.00%) 0.00 (0.00%) 0.00 (0.00%) 0.00 (0.00%) 0.00 (0.00%)
Prepay At 0 CPR At 10 CPR At 15 CPR At 25 CPR At 50 CPR At 100 CPR
No prepays During any YM During any YM During any YM During any YM During any YM During any YM
Lockout and penalties Include penalty Include penalty Include penalty Include penalty Include penalty Include penalty
Ext., if balloon None None None None None None
Pay Exten Princ
Default At 0 CDR At 0 CDR At 0 CDR At 0 CDR At 0 CDR At 0 CDR
Loss Severity 0 0 0 0 0 0
Servicer Advances 100% of P & I 100% of P & I 100% of P & I 100% of P & I 100% of P & I 100% of P & I
Recovery Lag 12 mos 12 mos 12 mos 12 mos 12 mos 12 mos
- -------------------------------------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------------------------------------------------
Optional Redemption Calls ASAP (N) Calls ASAP (N) Calls ASAP (N) Calls ASAP (N) Calls ASAP (N) Calls ASAP (N)
CMT_3MO 5.820 5.820 5.820 5.820 5.820 5.820
CMT_6MO 6.000 6.000 6.000 6.000 6.000 6.000
CMT_1YR 6.030 6.030 6.030 6.030 6.030 6.030
CMT_2YR 6.345 6.345 6.345 6.345 6.345 6.345
CMT_5YR 6.552 6.552 6.552 6.552 6.552 6.552
CMT_10YR 6.225 6.225 6.225 6.225 6.225 6.225
- -------------------------------------------------------------------------------------------------------------------------
CMT_30YR 5.966 5.966 5.966 5.966 5.966 5.966
- -------------------------------------------------------------------------------------------------------------------------
</TABLE>
- --------------------------------------------------------------------------------
Investors should read the Underwriters' Statement which accompanies these
Computational Materials.
Prospective investors are advised to carefully read, and should rely solely on,
the final prospectus and prospectus supplement (collectively, the "Final
Prospectus") relating to the certificates referred to herein (the "Offered
Certificates") in making their investment decision. These Computational
Materials have been based upon the assumptions described above, which most
likely will not represent the actual experience of the Mortgage Pool in the
future. No representation is made herein as to the actual rate or timing of
principal payments or prepayments on any of the underlying Mortgage Loans in the
Mortgage Pool or the actual performance characteristics of the Offered
Certficates. Prior to making any investment decision, a prospective investor
should receive and fully review the Final Prospectus. NOTHING HEREIN SHOULD BE
CONSIDERED AN OFFER TO SELL OR SOLICITATION OF AN OFFER TO BUY ANY OFFERED
CERTIFICATES.
- --------------------------------------------------------------------------------
<PAGE>
<TABLE>
<CAPTION>
FUNB 00-C1, Class AM--Price/Yield
- -------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
CUSIP Face $11,645,000.00 Settle at Pricing
Coupon 8.185 Original Balance $11,645,000.00 Accrual begins 5/1/00
Delay 14 Current Balance $11,645,000.00 Factor Date N/A
Stated Maturity N/A Factor 1
Type JUN FIX CAP ----------------------------------- ---------------------------
- -----------------------------------
YIELD CURVE: Spread off interpolated node
3MO=5.82, 6MO=6.00, 1YR=6.03, 2YR=6.587, 5YR=6.552, 10YR=6.225, 30YR=5.966
- ---------------------------------------------------------------------------------------------------------------------
Price 0 CPR 10 CPR 15 CPR 25 CPR 50 CPR 100 CPR
Yield after YM after YM after YM after YM after YM
- ---------------------------------------------------------------------------------------------------------------------
100.2467 8.2400 8.2400 8.2400 8.2400 8.2401 8.2389
100.278 8.2353 8.2353 8.2353 8.2353 8.2353 8.2341
100.3092 8.2306 8.2306 8.2306 8.2306 8.2306 8.2293
100.3405 8.2258 8.2258 8.2258 8.2259 8.2259 8.2245
100.3717 8.2211 8.2211 8.2211 8.2211 8.2211 8.2198
100.403 8.2164 8.2164 8.2164 8.2164 8.2164 8.2150
100.4342 8.2117 8.2117 8.2117 8.2117 8.2117 8.2102
100.4655 8.2070 8.2070 8.2070 8.2070 8.2070 8.2054
100.4967 8.2022 8.2022 8.2022 8.2022 8.2023 8.2007
100.528 8.1975 8.1975 8.1975 8.1975 8.1975 8.1959
100.5592 8.1928 8.1928 8.1928 8.1928 8.1928 8.1911
100.5905 8.1881 8.1881 8.1881 8.1881 8.1881 8.1864
100.6217 8.1834 8.1834 8.1834 8.1834 8.1834 8.1816
100.653 8.1787 8.1787 8.1787 8.1787 8.1787 8.1769
100.6842 8.1740 8.1740 8.1740 8.1740 8.1740 8.1721
100.7155 8.1693 8.1693 8.1693 8.1693 8.1693 8.1673
100.7467 8.1646 8.1646 8.1646 8.1646 8.1646 8.1626
- -------------------------------------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------------------------------------------------
Spread @ Center Price 197.25 197.25 197.25 197.25 197.25 196.00
WAL 9.92780 9.92780 9.92780 9.92780 9.92780 9.76110
Mod Durn 6.578 6.578 6.578 6.578 6.578 6.506
Mod Convexity 0.576 0.576 0.576 0.576 0.576 0.562
Principal Window Apr10 to Apr10 Apr10 to Apr10 Apr10 to Apr10 Apr10 to Apr10 Apr10 to Apr10 Feb10 to Feb10
Maturity #mos 119 119 119 119 119 117
Accrued Interest 26,476.20 26,476.20 26,476.20 26,476.20 26,476.20 26,476.20
Total Collat Loss 0.00 (0.00%) 0.00 (0.00%) 0.00 (0.00%) 0.00 (0.00%) 0.00 (0.00%) 0.00 (0.00%)
Prepay At 0 CPR At 10 CPR At 15 CPR At 25 CPR At 50 CPR At 100 CPR
No prepays During any YM During any YM During any YM During any YM During any YM During any YM
Lockout and penalties Include penalty Include penalty Include penalty Include penalty Include penalty Include penalty
Ext., if balloon None None None None None None
Pay Exten Princ
Default At 0 CDR At 0 CDR At 0 CDR At 0 CDR At 0 CDR At 0 CDR
Loss Severity 0 0 0 0 0 0
Servicer Advances 100% of P & I 100% of P & I 100% of P & I 100% of P & I 100% of P & I 100% of P & I
Recovery Lag 12 mos 12 mos 12 mos 12 mos 12 mos 12 mos
- -------------------------------------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------------------------------------------------
Optional Redemption Calls ASAP (N) Calls ASAP (N) Calls ASAP (N) Calls ASAP (N) Calls ASAP (N) Calls ASAP (N)
CMT_3MO 5.820 5.820 5.820 5.820 5.820 5.820
CMT_6MO 6.000 6.000 6.000 6.000 6.000 6.000
CMT_1YR 6.030 6.030 6.030 6.030 6.030 6.030
CMT_2YR 6.345 6.345 6.345 6.345 6.345 6.345
CMT_5YR 6.552 6.552 6.552 6.552 6.552 6.552
CMT_10YR 6.225 6.225 6.225 6.225 6.225 6.225
- -------------------------------------------------------------------------------------------------------------------------
CMT_30YR 5.966 5.966 5.966 5.966 5.966 5.966
- -------------------------------------------------------------------------------------------------------------------------
</TABLE>
- --------------------------------------------------------------------------------
Investors should read the Underwriters' Statement which accompanies these
Computational Materials.
Prospective investors are advised to carefully read, and should rely solely on,
the final prospectus and prospectus supplement (collectively, the "Final
Prospectus") relating to the certificates referred to herein (the "Offered
Certificates") in making their investment decision. These Computational
Materials have been based upon the assumptions described above, which most
likely will not represent the actual experience of the Mortgage Pool in the
future. No representation is made herein as to the actual rate or timing of
principal payments or prepayments on any of the underlying Mortgage Loans in the
Mortgage Pool or the actual performance characteristics of the Offered
Certficates. Prior to making any investment decision, a prospective investor
should receive and fully review the Final Prospectus. NOTHING HEREIN SHOULD BE
CONSIDERED AN OFFER TO SELL OR SOLICITATION OF AN OFFER TO BUY ANY OFFERED
CERTIFICATES.
- --------------------------------------------------------------------------------
<PAGE>
<TABLE>
<CAPTION>
FUNB 00-C1, Class BBB--Price/Yield
- -------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
CUSIP Face $25,231,000.00 Settle at Pricing
Coupon 8.4991 Original Balance $25,231,000.00 Accrual begins 5/1/00
Delay 14 Current Balance $25,231,000.00 Factor Date N/A
Stated Maturity N/A Factor 1
Type JUN WAC ----------------------------------- ---------------------------
- ---------------------------------
YIELD CURVE: Spread off interpolated node
3MO=5.82, 6MO=6.00, 1YR=6.03, 2YR=6.587, 5YR=6.552, 10YR=6.225, 30YR=5.966
- ---------------------------------------------------------------------------------------------------------------------
Price 0 CPR 10 CPR 15 CPR 25 CPR 50 CPR 100 CPR
Yield after YM after YM after YM after YM after YM
- ---------------------------------------------------------------------------------------------------------------------
98.6775 8.6686 8.6686 8.6686 8.6686 8.6685 8.6674
98.7087 8.6638 8.6638 8.6637 8.6637 8.6637 8.6625
98.74 8.6589 8.6589 8.6589 8.6589 8.6588 8.6576
98.7712 8.6540 8.6540 8.6540 8.6540 8.6539 8.6527
98.8025 8.6492 8.6492 8.6491 8.6491 8.6491 8.6477
98.8337 8.6443 8.6443 8.6443 8.6443 8.6442 8.6428
98.865 8.6395 8.6394 8.6394 8.6394 8.6393 8.6379
98.8962 8.6346 8.6346 8.6346 8.6345 8.6345 8.6330
98.9275 8.6297 8.6297 8.6297 8.6297 8.6296 8.6281
98.9587 8.6249 8.6249 8.6249 8.6248 8.6248 8.6232
98.99 8.6200 8.6200 8.6200 8.6200 8.6199 8.6183
99.0212 8.6152 8.6152 8.6152 8.6151 8.6151 8.6134
99.0525 8.6103 8.6103 8.6103 8.6103 8.6102 8.6085
99.0837 8.6055 8.6055 8.6055 8.6054 8.6054 8.6036
99.115 8.6006 8.6006 8.6006 8.6006 8.6005 8.5987
99.1462 8.5958 8.5958 8.5958 8.5958 8.5957 8.5938
99.1775 8.5910 8.5909 8.5909 8.5909 8.5909 8.5889
- -------------------------------------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------------------------------------------------
Spread @ Center Price 240.00 240.00 240.00 240.00 239.99 238.75
WAL 9.92780 9.92780 9.92780 9.92780 9.92780 9.76110
Mod Durn 6.491 6.491 6.491 6.491 6.491 6.420
Mod Convexity 0.564 0.564 0.564 0.564 0.564 0.551
Principal Window Apr10 to Apr10 Apr10 to Apr10 Apr10 to Apr10 Apr10 to Apr10 Apr10 to Apr10 Feb10 to Feb10
Maturity #mos 119 119 119 119 119 117
Accrued Interest 59,566.89 59,566.89 59,566.89 59,566.89 59,566.89 59,566.89
Total Collat Loss 0.00 (0.00%) 0.00 (0.00%) 0.00 (0.00%) 0.00 (0.00%) 0.00 (0.00%) 0.00 (0.00%)
Prepay At 0 CPR At 10 CPR At 15 CPR At 25 CPR At 50 CPR At 100 CPR
No prepays During any YM During any YM During any YM During any YM During any YM During any YM
Lockout and penalties Include penalty Include penalty Include penalty Include penalty Include penalty Include penalty
Ext., if balloon None None None None None None
Pay Exten Princ
Default At 0 CDR At 0 CDR At 0 CDR At 0 CDR At 0 CDR At 0 CDR
Loss Severity 0 0 0 0 0 0
Servicer Advances 100% of P & I 100% of P & I 100% of P & I 100% of P & I 100% of P & I 100% of P & I
Recovery Lag 12 mos 12 mos 12 mos 12 mos 12 mos 12 mos
- -------------------------------------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------------------------------------------------
Optional Redemption Calls ASAP (N) Calls ASAP (N) Calls ASAP (N) Calls ASAP (N) Calls ASAP (N) Calls ASAP (N)
CMT_3MO 5.820 5.820 5.820 5.820 5.820 5.820
CMT_6MO 6.000 6.000 6.000 6.000 6.000 6.000
CMT_1YR 6.030 6.030 6.030 6.030 6.030 6.030
CMT_2YR 6.345 6.345 6.345 6.345 6.345 6.345
CMT_5YR 6.552 6.552 6.552 6.552 6.552 6.552
CMT_10YR 6.225 6.225 6.225 6.225 6.225 6.225
- -------------------------------------------------------------------------------------------------------------------------
CMT_30YR 5.966 5.966 5.966 5.966 5.966 5.966
- -------------------------------------------------------------------------------------------------------------------------
</TABLE>
- --------------------------------------------------------------------------------
Investors should read the Underwriters' Statement which accompanies these
Computational Materials.
Prospective investors are advised to carefully read, and should rely solely on,
the final prospectus and prospectus supplement (collectively, the "Final
Prospectus") relating to the certificates referred to herein (the "Offered
Certificates") in making their investment decision. These Computational
Materials have been based upon the assumptions described above, which most
likely will not represent the actual experience of the Mortgage Pool in the
future. No representation is made herein as to the actual rate or timing of
principal payments or prepayments on any of the underlying Mortgage Loans in the
Mortgage Pool or the actual performance characteristics of the Offered
Certficates. Prior to making any investment decision, a prospective investor
should receive and fully review the Final Prospectus. NOTHING HEREIN SHOULD BE
CONSIDERED AN OFFER TO SELL OR SOLICITATION OF AN OFFER TO BUY ANY OFFERED
CERTIFICATES.
- --------------------------------------------------------------------------------
<PAGE>
<TABLE>
<CAPTION>
FUNB 00-C1, Class BBBM--Price/Yield
- -------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
CUSIP Face $11,645,000.00 Settle at Pricing
Coupon 8.4991 Original Balance $11,645,000.00 Accrual begins 5/1/00
Delay 14 Current Balance $11,645,000.00 Factor Date N/A
Stated Maturity N/A Factor 1 ---------------------------
Type JUN WAC -----------------------------------
- ---------------------------------
YIELD CURVE: Spread off interpolated node
3MO=5.82, 6MO=6.00, 1YR=6.03, 2YR=6.587, 5YR=6.552, 10YR=6.225, 30YR=5.966
- ---------------------------------------------------------------------------------------------------------------------
Price 0 CPR 10 CPR 15 CPR 25 CPR 50 CPR 100 CPR
Yield after YM after YM after YM after YM after YM
- ---------------------------------------------------------------------------------------------------------------------
95.5451 9.0982 9.1003 9.1014 9.1033 9.1075 9.1142
95.5764 9.0935 9.0956 9.0966 9.0986 9.1028 9.1093
95.6076 9.0887 9.0908 9.0918 9.0938 9.0980 9.1045
95.6389 9.0840 9.0861 9.0871 9.0890 9.0932 9.0997
95.6701 9.0793 9.0813 9.0823 9.0843 9.0884 9.0949
95.7014 9.0745 9.0766 9.0776 9.0795 9.0836 9.0901
95.7326 9.0698 9.0718 9.0728 9.0748 9.0789 9.0852
95.7639 9.0651 9.0671 9.0681 9.0700 9.0741 9.0804
95.7951 9.0603 9.0624 9.0633 9.0653 9.0693 9.0756
95.8264 9.0556 9.0576 9.0586 9.0605 9.0646 9.0708
95.8576 9.0509 9.0529 9.0539 9.0558 9.0598 9.0660
95.8889 9.0461 9.0482 9.0491 9.0510 9.0550 9.0612
95.9201 9.0414 9.0434 9.0444 9.0463 9.0503 9.0564
95.9514 9.0367 9.0387 9.0397 9.0415 9.0455 9.0516
95.9826 9.0320 9.0340 9.0349 9.0368 9.0408 9.0468
96.0139 9.0273 9.0292 9.0302 9.0321 9.0360 9.0420
96.0451 9.0226 9.0245 9.0255 9.0273 9.0312 9.0372
- -------------------------------------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------------------------------------------------
Spread @ Center Price 285.00 285.16 285.24 285.38 285.70 286.13
WAL 11.13320 11.09890 11.08220 11.04920 10.97850 10.82530
Mod Durn 6.881 6.868 6.862 6.850 6.824 6.764
Mod Convexity 0.652 0.649 0.648 0.645 0.639 0.627
Principal Window Apr10 to Apr12 Apr10 to Apr12 Apr10 to Apr12 Apr10 to Apr12 Apr10 to Mar12 Feb10 to Feb12
Maturity #mos 143 143 143 143 142 141
Accrued Interest 27,492.23 27,492.23 27,492.23 27,492.23 27,492.23 27,492.23
Total Collat Loss 0.00 (0.00%) 0.00 (0.00%) 0.00 (0.00%) 0.00 (0.00%) 0.00 (0.00%) 0.00 (0.00%)
Prepay At 0 CPR At 10 CPR At 15 CPR At 25 CPR At 50 CPR At 100 CPR
No prepays During any YM During any YM During any YM During any YM During any YM During any YM
Lockout and penalties Include penalty Include penalty Include penalty Include penalty Include penalty Include penalty
Ext., if balloon None None None None None None
Pay Exten Princ
Default At 0 CDR At 0 CDR At 0 CDR At 0 CDR At 0 CDR At 0 CDR
Loss Severity 0 0 0 0 0 0
Servicer Advances 100% of P & I 100% of P & I 100% of P & I 100% of P & I 100% of P & I 100% of P & I
Recovery Lag 12 mos 12 mos 12 mos 12 mos 12 mos 12 mos
- -------------------------------------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------------------------------------------------
Optional Redemption Calls ASAP (N) Calls ASAP (N) Calls ASAP (N) Calls ASAP (N) Calls ASAP (N) Calls ASAP (N)
CMT_3MO 5.820 5.820 5.820 5.820 5.820 5.820
CMT_6MO 6.000 6.000 6.000 6.000 6.000 6.000
CMT_1YR 6.030 6.030 6.030 6.030 6.030 6.030
CMT_2YR 6.345 6.345 6.345 6.345 6.345 6.345
CMT_5YR 6.552 6.552 6.552 6.552 6.552 6.552
CMT_10YR 6.225 6.225 6.225 6.225 6.225 6.225
- -------------------------------------------------------------------------------------------------------------------------
CMT_30YR 5.966 5.966 5.966 5.966 5.966 5.966
- -------------------------------------------------------------------------------------------------------------------------
</TABLE>
- --------------------------------------------------------------------------------
Investors should read the Underwriters' Statement which accompanies these
Computational Materials.
Prospective investors are advised to carefully read, and should rely solely on,
the final prospectus and prospectus supplement (collectively, the "Final
Prospectus") relating to the certificates referred to herein (the "Offered
Certificates") in making their investment decision. These Computational
Materials have been based upon the assumptions described above, which most
likely will not represent the actual experience of the Mortgage Pool in the
future. No representation is made herein as to the actual rate or timing of
principal payments or prepayments on any of the underlying Mortgage Loans in the
Mortgage Pool or the actual performance characteristics of the Offered
Certficates. Prior to making any investment decision, a prospective investor
should receive and fully review the Final Prospectus. NOTHING HEREIN SHOULD BE
CONSIDERED AN OFFER TO SELL OR SOLICITATION OF AN OFFER TO BUY ANY OFFERED
CERTIFICATES.
- --------------------------------------------------------------------------------
<PAGE>
<TABLE>
<CAPTION>
FUNB 00-C1, Class IO--Price/Yield
- -------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
CUSIP Face $776,325,806.24 Settle at Pricing
Coupon 0.7757 Original Balance $776,325,806.24 Accrual begins 5/1/00
Delay 14 Current Balance $776,325,806.24 Factor Date N/A
Stated Maturity N/A Factor 1 ---------------------------
Type SEN WAC IO -----------------------------------
- -----------------------------------
YIELD CURVE: Spread off interpolated node
3MO=5.82, 6MO=6.00, 1YR=6.03, 2YR=6.587, 5YR=6.552, 10YR=6.225, 30YR=5.966
- ---------------------------------------------------------------------------------------------------------------------
Price 0 CPR 10 CPR 15 CPR 25 CPR 50 CPR 100 CPR
Yield after YM after YM after YM after YM after YM
- ---------------------------------------------------------------------------------------------------------------------
3.7737 12.0375 12.0112 12.0016 11.9865 11.9598 11.7759
3.8049 11.8410 11.8141 11.8043 11.7889 11.7619 11.5767
3.8362 11.6472 11.6198 11.6097 11.5941 11.5667 11.3803
3.8674 11.4561 11.4280 11.4178 11.4018 11.3740 11.1864
3.8987 11.2675 11.2388 11.2283 11.2121 11.1839 10.9951
3.9299 11.0814 11.0521 11.0414 11.0249 10.9963 10.8063
3.9612 10.8977 10.8678 10.8569 10.8401 10.8112 10.6200
3.9924 10.7165 10.6859 10.6748 10.6578 10.6284 10.4361
4.0237 10.5375 10.5063 10.4951 10.4777 10.4480 10.2545
4.0549 10.3609 10.3291 10.3176 10.2999 10.2698 10.0752
4.0862 10.1865 10.1540 10.1424 10.1244 10.0939 9.8981
4.1174 10.0144 9.9812 9.9693 9.9510 9.9201 9.7232
4.1487 9.8443 9.8105 9.7984 9.7798 9.7485 9.5505
4.1799 9.6764 9.6419 9.6296 9.6107 9.5790 9.3799
4.2112 9.5105 9.4753 9.4628 9.4436 9.4116 9.2113
4.2424 9.3466 9.3108 9.2980 9.2786 9.2461 9.0448
4.2737 9.1848 9.1482 9.1352 9.1155 9.0826 8.8802
- -------------------------------------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------------------------------------------------
Spread @ Center Price 430.04 426.67 425.46 423.61 420.46 400.06
WAL 9.81490 9.77600 9.76330 9.74540 9.71860 9.55810
Mod Durn 4.346 4.330 4.325 4.318 4.309 4.281
Mod Convexity 0.315 0.311 0.310 0.308 0.306 0.301
Principal Window Jun00 to Sep29 Jun00 to Sep29 Jun00 to Sep29 Jun00 to Sep29 Jun00 to Sep29 Jun00 to Mar25
Maturity #mos 352 352 352 352 352 298
Accrued Interest 167,273.96 167,273.96 167,273.96 167,273.96 167,273.96 167,273.96
Total Collat Loss 0.00 (0.00%) 0.00 (0.00%) 0.00 (0.00%) 0.00 (0.00%) 0.00 (0.00%) 0.00 (0.00%)
Prepay At 0 CPR At 10 CPR At 15 CPR At 25 CPR At 50 CPR At 100 CPR
No prepays During any YM During any YM During any YM During any YM During any YM During any YM
Lockout and penalties Include penalty Include penalty Include penalty Include penalty Include penalty Include penalty
Ext., if balloon None None None None None None
Pay Exten Princ
Default At 0 CDR At 0 CDR At 0 CDR At 0 CDR At 0 CDR At 0 CDR
Loss Severity 0 0 0 0 0 0
Servicer Advances 100% of P & I 100% of P & I 100% of P & I 100% of P & I 100% of P & I 100% of P & I
Recovery Lag 12 mos 12 mos 12 mos 12 mos 12 mos 12 mos
- -------------------------------------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------------------------------------------------
Optional Redemption Calls ASAP (N) Calls ASAP (N) Calls ASAP (N) Calls ASAP (N) Calls ASAP (N) Calls ASAP (N)
CMT_3MO 5.820 5.820 5.820 5.820 5.820 5.820
CMT_6MO 6.000 6.000 6.000 6.000 6.000 6.000
CMT_1YR 6.030 6.030 6.030 6.030 6.030 6.030
CMT_2YR 6.345 6.345 6.345 6.345 6.345 6.345
CMT_5YR 6.552 6.552 6.552 6.552 6.552 6.552
CMT_10YR 6.225 6.225 6.225 6.225 6.225 6.225
- -------------------------------------------------------------------------------------------------------------------------
CMT_30YR 5.966 5.966 5.966 5.966 5.966 5.966
- -------------------------------------------------------------------------------------------------------------------------
</TABLE>
- --------------------------------------------------------------------------------
Investors should read the Underwriters' Statement which accompanies these
Computational Materials.
Prospective investors are advised to carefully read, and should rely solely on,
the final prospectus and prospectus supplement (collectively, the "Final
Prospectus") relating to the certificates referred to herein (the "Offered
Certificates") in making their investment decision. These Computational
Materials have been based upon the assumptions described above, which most
likely will not represent the actual experience of the Mortgage Pool in the
future. No representation is made herein as to the actual rate or timing of
principal payments or prepayments on any of the underlying Mortgage Loans in the
Mortgage Pool or the actual performance characteristics of the Offered
Certficates. Prior to making any investment decision, a prospective investor
should receive and fully review the Final Prospectus. NOTHING HEREIN SHOULD BE
CONSIDERED AN OFFER TO SELL OR SOLICITATION OF AN OFFER TO BUY ANY OFFERED
CERTIFICATES.
- --------------------------------------------------------------------------------
<PAGE>
FUNB 00-C1, Class IO--Price/Yield
<TABLE>
<CAPTION>
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
CUSIP Face $783,097,303.54 Settle at Pricing
Coupon 0.976 Original Balance $783,097,303.54 Accrual begins 5/1/00
Delay 14 Current Balance $783,097,303.54 Factor Date N/A
Stated Maturity N/A Factor 1 ---------------------------------------
Type SEN WAC IO -----------------------------------------------
- ----------------------------------------------
YIELD CURVE: Spread off interpolated node
3MO=5.82, 6MO=6.00, 1YR=6.03, 2YR=6.345, 5YR=6.256, 10YR=6.03, 30YR=5.88
<CAPTION>
- ---------------------------------------------------------------------------------------------------------------
0CPR; ym; Ext0mo 10CPR; ym; Ext0mo 15CPR; ym; Ext0mo
100% 0% rules; 100% 0% rules; 100% 0% rules;
0CDR,30% adv100% 0CDR,30% adv100% 0CDR,30% adv100%
Price lag12 lag12 lag12
Yield
- ---------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
4-31 11.5223 11.4993 11.4908
5-00 11.3708 11.3474 11.3387
5-01 11.2208 11.1970 11.1882
5-02 11.0723 11.0482 11.0393
5-03 10.9254 10.9008 10.8918
5-04 10.7800 10.7550 10.7458
5-05 10.6360 10.6106 10.6013
5-06 10.4934 10.4676 10.4581
5-07 10.3523 10.3260 10.3164
5-08 10.2125 10.1858 10.1761
5-09 10.0741 10.0470 10.0371
5-10 9.9370 9.9095 9.8995
5-11 9.8013 9.7733 9.7632
5-12 9.6668 9.6384 9.6281
5-13 9.5337 9.5048 9.4944
5-14 9.4018 9.3725 9.3619
5-15 9.2711 9.2413 9.2306
- ---------------------------------------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------------------------------------
Spread @ Center Price 431.37 428.57 427.56
WAL 9.81130 9.77270 9.76020
Mod Durn 4.241 4.229 4.224
Mod Convexity 0.298 0.294 0.293
Principal Window Jun00 to Sep29 Jun00 to Sep29 Jun00 to Sep29
Maturity #mos 352 352 352
Accrued Interest 212,306.69 212,306.69 212,306.69
Total Collat Loss 0.00 (0.00%) 0.00 (0.00%) 0.00 (0.00%)
Prepay At 0 CPR At 10 CPR At 15 CPR
No prepays During any YM During any YM During any YM
Lockout and penalties Include penalty Include penalty Include penalty
Ext., if balloon None None None
Pay Exten Princ
Default At 0 CDR At 0 CDR At 0 CDR
Loss Severity 0.3 0.3 0.3
Servicer Advances 100% of P & I 100% of P & I 100% of P & I
Recovery Lag 12 mos 12 mos 12 mos
Optional Redemption Calls ASAP (N) Calls ASAP (N) Calls ASAP (N)
- ---------------------------------------------------------------------------------------------------------------
CMT_3MO 5.820 5.820 5.820
CMT_6MO 6.000 6.000 6.000
CMT_1YR 6.030 6.030 6.030
CMT_2YR 6.345 6.345 6.345
CMT_5YR 6.256 6.256 6.256
CMT_10YR 6.030 6.030 6.030
CMT_30YR 5.880 5.880 5.880
- ---------------------------------------------------------------------------------------------------------------
<CAPTION>
- --------------------------------------------------------------------------------------------------------------
25CPR; ym; Ext0mo 50CPR; ym; Ext0mo 100CPR; ym; Ext0mo
100% 0% rules; 100% 0% rules; 100% 0% rules;
0CDR,30% adv100% 0CDR,30% adv100% 0CDR,30% adv100%
Price lag12 lag12 lag12
- --------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
4-31 11.4772 11.4518 11.2520
5-00 11.3250 11.2993 11.0985
5-01 11.1743 11.1483 10.9466
5-02 11.0251 10.9989 10.7961
5-03 10.8774 10.8509 10.6472
5-04 10.7312 10.7045 10.4998
5-05 10.5865 10.5595 10.3539
5-06 10.4432 10.4159 10.2093
5-07 10.3013 10.2737 10.0662
5-08 10.1608 10.1330 9.9245
5-09 10.0216 9.9935 9.7841
5-10 9.8838 9.8554 9.6451
5-11 9.7472 9.7186 9.5074
5-12 9.6120 9.5831 9.3710
5-13 9.4781 9.4489 9.2358
5-14 9.3454 9.3159 9.1020
5-15 9.2139 9.1842 8.9693
- --------------------------------------------------------------------------------------------------------------
- --------------------------------------------------------------------------------------------------------------
Spread @ Center Price 425.96 423.09 401.61
WAL 9.74240 9.71570 9.55550
Mod Durn 4.219 4.211 4.183
Mod Convexity 0.292 0.290 0.286
Principal Window Jun00 to Sep29 Jun00 to Sep29 Jun00 to Mar25
Maturity #mos 352 352 298
Accrued Interest 212,306.69 212,306.69 212,306.69
Total Collat Loss 0.00 (0.00%) 0.00 (0.00%) 0.00 (0.00%)
Prepay At 25 CPR At 50 CPR At 100 CPR
No prepays During any YM During any YM During any YM
Lockout and penalties Include penalty Include penalty Include penalty
Ext., if balloon None None None
Pay Exten Princ
Default At 0 CDR At 0 CDR At 0 CDR
Loss Severity 0.3 0.3 0.3
Servicer Advances 100% of P & I 100% of P & I 100% of P & I
Recovery Lag 12 mos 12 mos 12 mos
Optional Redemption Calls ASAP (N) Calls ASAP (N) Calls ASAP (N)
- --------------------------------------------------------------------------------------------------------------
CMT_3MO 5.820 5.820 5.820
CMT_6MO 6.000 6.000 6.000
CMT_1YR 6.030 6.030 6.030
CMT_2YR 6.345 6.345 6.345
CMT_5YR 6.256 6.256 6.256
CMT_10YR 6.030 6.030 6.030
CMT_30YR 5.880 5.880 5.880
- --------------------------------------------------------------------------------------------------------------
</TABLE>
Investors should read the Underwriters' Statement which accompanies these
Computational Materials.
Prospective investors are advised to carefully read, and should rely solely on,
the final prospectus and prospectus supplement (collectively, the "Final
Prospectus") relating to the certificates referred to herein (the "Offered
Certificates") in making their investment decision. These Computational
Materials have been based upon the assumptions described above, which most
likely will not represent the actual experience of the Mortgage Pool in the
future. No representation is made herein as to the actual rate or timing of
principal payments or prepayments on any of the underlying Mortgage Loans in the
Mortgage Pool or the actual performance characteristics of the Offered
Certficates. Prior to making any investment decision, a prospective investor
should receive and fully review the Final Prospectus. NOTHING HEREIN SHOULD BE
CONSIDERED AN OFFER TO SELL OR SOLICITATION OF AN OFFER TO BUY ANY OFFERED
CERTIFICATES.
<PAGE>
FUNB 00-C1, Class IO--Price/Yield
<TABLE>
<CAPTION>
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
CUSIP Face $783,097,303.54 Settle at Pricing
Coupon 0.976 Original Balance $783,097,303.54 Accrual begins 5/1/00
Delay 14 Current Balance $783,097,303.54 Factor Date N/A
Stated Maturity N/A Factor 1 ---------------------------------------
Type SEN WAC IO -----------------------------------------------
- ----------------------------------------------
YIELD CURVE: Spread off interpolated node
3MO=5.82, 6MO=6.00, 1YR=6.03, 2YR=6.345, 5YR=6.256, 10YR=6.03, 30YR=5.88
<CAPTION>
- ----------------------------------------------------------------------------------------------------------
0CPR; ym; Ext0mo 10CPR; ym; Ext0mo 15CPR; ym; Ext0mo
100% 0% rules; 100% 0% rules; 100% 0% rules;
1CDR,30% adv100% 1CDR,30% adv100% 1CDR,30% adv100%
Price lag12 lag12 lag12
Yield
- ----------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
4-31 10.2729 10.2488 10.2399
5-00 10.1212 10.0967 10.0876
5-01 9.9711 9.9461 9.9369
5-02 9.8225 9.7971 9.7878
5-03 9.6755 9.6496 9.6401
5-04 9.5299 9.5036 9.4940
5-05 9.3858 9.3591 9.3493
5-06 9.2431 9.2159 9.2060
5-07 9.1018 9.0742 9.0642
5-08 8.9620 8.9339 8.9237
5-09 8.8235 8.7950 8.7846
5-10 8.6863 8.6574 8.6468
5-11 8.5505 8.5211 8.5104
5-12 8.4160 8.3861 8.3753
5-13 8.2828 8.2524 8.2414
5-14 8.1508 8.1199 8.1088
5-15 8.0200 7.9887 7.9774
- ----------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------
Spread @ Center Price 304.49 301.58 300.53
WAL 9.40300 9.37120 9.36080
Mod Durn 4.238 4.225 4.220
Mod Convexity 0.299 0.295 0.294
Principal Window Jun00 to Sep29 Jun00 to Sep29 Jun00 to Sep29
Maturity #mos 352 352 352
Accrued Interest 212,306.69 212,306.69 212,306.69
Total Collat Loss 20,094,159.23 (2.57%) 20,029,578.97 (2.56%) 20,009,223.06 (2.56%)
Prepay At 0 CPR At 10 CPR At 15 CPR
No prepays During any YM During any YM During any YM
Lockout and penalties Include penalty Include penalty Include penalty
Ext., if balloon None None None
Pay Exten Princ
Default At 1 CDR At 1 CDR At 1 CDR
Loss Severity 0.3 0.3 0.3
Servicer Advances 100% of P & I 100% of P & I 100% of P & I
Recovery Lag 12 mos 12 mos 12 mos
Optional Redemption Calls ASAP (N) Calls ASAP (N) Calls ASAP (N)
- ----------------------------------------------------------------------------------------------------------
CMT_3MO 5.820 5.820 5.820
CMT_6MO 6.000 6.000 6.000
CMT_1YR 6.030 6.030 6.030
CMT_2YR 6.345 6.345 6.345
CMT_5YR 6.256 6.256 6.256
CMT_10YR 6.030 6.030 6.030
CMT_30YR 5.880 5.880 5.880
- ----------------------------------------------------------------------------------------------------------
<CAPTION>
- -------------------------------------------------------------------------------------------------------------
25CPR; ym; Ext0mo 50CPR; ym; Ext0mo 100CPR; ym; Ext0mo
100% 0% rules; 100% 0% rules; 100% 0% rules;
1CDR,30% adv100% 1CDR,30% adv100% 1CDR,30% adv100%
Price lag12 lag12 lag12
- -------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
4-31 10.2257 10.1998 9.9986
5-00 10.0732 10.0471 9.8448
5-01 9.9223 9.8959 9.6927
5-02 9.7730 9.7463 9.5421
5-03 9.6251 9.5982 9.3929
5-04 9.4788 9.4516 9.2453
5-05 9.3339 9.3064 9.0992
5-06 9.1904 9.1626 8.9545
5-07 9.0483 9.0203 8.8112
5-08 8.9077 8.8794 8.6693
5-09 8.7684 8.7398 8.5287
5-10 8.6304 8.6015 8.3896
5-11 8.4938 8.4646 8.2517
5-12 8.3584 8.3290 8.1151
5-13 8.2243 8.1946 7.9799
5-14 8.0915 8.0615 7.8459
5-15 7.9599 7.9297 7.7131
- -------------------------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------------------------------------
Spread @ Center Price 298.88 295.97 274.40
WAL 9.34570 9.32250 9.17670
Mod Durn 4.214 4.206 4.178
Mod Convexity 0.292 0.290 0.286
Principal Window Jun00 to Sep29 Jun00 to Sep29 Jun00 to Mar25
Maturity #mos 352 352 298
Accrued Interest 212,306.69 212,306.69 212,306.69
Total Collat Loss 19,981,696.46 (2.55%) 19,948,012.83 (2.55%) 19,915,550.39 (2.54%)
Prepay At 25 CPR At 50 CPR At 100 CPR
No prepays During any YM During any YM During any YM
Lockout and penalties Include penalty Include penalty Include penalty
Ext., if balloon None None None
Pay Exten Princ
Default At 1 CDR At 1 CDR At 1 CDR
Loss Severity 0.3 0.3 0.3
Servicer Advances 100% of P & I 100% of P & I 100% of P & I
Recovery Lag 12 mos 12 mos 12 mos
Optional Redemption Calls ASAP (N) Calls ASAP (N) Calls ASAP (N)
- -------------------------------------------------------------------------------------------------------------
CMT_3MO 5.820 5.820 5.820
CMT_6MO 6.000 6.000 6.000
CMT_1YR 6.030 6.030 6.030
CMT_2YR 6.345 6.345 6.345
CMT_5YR 6.256 6.256 6.256
CMT_10YR 6.030 6.030 6.030
CMT_30YR 5.880 5.880 5.880
- -------------------------------------------------------------------------------------------------------------
</TABLE>
Investors should read the Underwriters' Statement which accompanies these
Computational Materials.
Prospective investors are advised to carefully read, and should rely solely on,
the final prospectus and prospectus supplement (collectively, the "Final
Prospectus") relating to the certificates referred to herein (the "Offered
Certificates") in making their investment decision. These Computational
Materials have been based upon the assumptions described above, which most
likely will not represent the actual experience of the Mortgage Pool in the
future. No representation is made herein as to the actual rate or timing of
principal payments or prepayments on any of the underlying Mortgage Loans in the
Mortgage Pool or the actual performance characteristics of the Offered
Certficates. Prior to making any investment decision, a prospective investor
should receive and fully review the Final Prospectus. NOTHING HEREIN SHOULD BE
CONSIDERED AN OFFER TO SELL OR SOLICITATION OF AN OFFER TO BUY ANY OFFERED
CERTIFICATES.
<PAGE>
FUNB 00-C1, Class IO--Price/Yield
<TABLE>
<CAPTION>
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
CUSIP Face $783,097,303.54 Settle at Pricing
Coupon 0.976 Original Balance $783,097,303.54 Accrual begins 5/1/00
Delay 14 Current Balance $783,097,303.54 Factor Date N/A
Stated Maturity N/A Factor 1 ---------------------------------------
Type SEN WAC IO -----------------------------------------------
- ----------------------------------------------
YIELD CURVE: Spread off interpolated node
3MO=5.82, 6MO=6.00, 1YR=6.03, 2YR=6.345, 5YR=6.256, 10YR=6.03, 30YR=5.88
<CAPTION>
- ----------------------------------------------------------------------------------------------------------
0CPR; ym; Ext0mo 10CPR; ym; Ext0mo 15CPR; ym; Ext0mo
100% 0% rules; 100% 0% rules; 100% 0% rules;
2CDR,30% adv100% 2CDR,30% adv100% 2CDR,30% adv100%
Price lag12 lag12 lag12
Yield
- ----------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
4-31 8.9752 8.9513 8.9425
5-00 8.8231 8.7988 8.7899
5-01 8.6727 8.6479 8.6388
5-02 8.5237 8.4985 8.4893
5-03 8.3763 8.3506 8.3413
5-04 8.2304 8.2043 8.1948
5-05 8.0860 8.0594 8.0498
5-06 7.9430 7.9159 7.9062
5-07 7.8015 7.7739 7.7640
5-08 7.6613 7.6333 7.6232
5-09 7.5226 7.4940 7.4838
5-10 7.3851 7.3561 7.3457
5-11 7.2490 7.2196 7.2090
5-12 7.1143 7.0843 7.0736
5-13 6.9808 6.9503 6.9394
5-14 6.8486 6.8176 6.8066
5-15 6.7176 6.6861 6.6749
- ----------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------
Spread @ Center Price 172.71 169.84 168.81
WAL 9.01860 8.99250 8.98370
Mod Durn 4.229 4.215 4.211
Mod Convexity 0.299 0.295 0.294
Principal Window Jun00 to Sep29 Jun00 to Sep29 Jun00 to Sep29
Maturity #mos 352 352 352
Accrued Interest 212,306.69 212,306.69 212,306.69
Total Collat Loss 38,512,536.47 (4.92%) 38,407,673.06 (4.90%) 38,374,267.35 (4.90%)
Prepay At 0 CPR At 10 CPR At 15 CPR
No prepays During any YM During any YM During any YM
Lockout and penalties Include penalty Include penalty Include penalty
Ext., if balloon None None None
Pay Exten Princ
Default At 2 CDR At 2 CDR At 2 CDR
Loss Severity 0.3 0.3 0.3
Servicer Advances 100% of P & I 100% of P & I 100% of P & I
Recovery Lag 12 mos 12 mos 12 mos
Optional Redemption Calls ASAP (N) Calls ASAP (N) Calls ASAP (N)
- ----------------------------------------------------------------------------------------------------------
CMT_3MO 5.820 5.820 5.820
CMT_6MO 6.000 6.000 6.000
CMT_1YR 6.030 6.030 6.030
CMT_2YR 6.345 6.345 6.345
CMT_5YR 6.256 6.256 6.256
CMT_10YR 6.030 6.030 6.030
CMT_30YR 5.880 5.880 5.880
- ----------------------------------------------------------------------------------------------------------
<CAPTION>
- --------------------------------------------------------------------------------------------------------------
25CPR; ym; Ext0mo 50CPR; ym; Ext0mo 100CPR; ym; Ext0mo
100% 0% rules; 100% 0% rules; 100% 0% rules;
2CDR,30% adv100% 2CDR,30% adv100% 2CDR,30% adv100%
Price lag12 lag12 lag12
- --------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
4-31 8.9287 8.9033 8.7001
5-00 8.7758 8.7502 8.5460
5-01 8.6246 8.5987 8.3934
5-02 8.4748 8.4487 8.2424
5-03 8.3266 8.3002 8.0929
5-04 8.1799 8.1532 7.9449
5-05 8.0347 8.0076 7.7984
5-06 7.8909 7.8636 7.6533
5-07 7.7485 7.7209 7.5097
5-08 7.6075 7.5796 7.3675
5-09 7.4679 7.4397 7.2266
5-10 7.3296 7.3011 7.0871
5-11 7.1926 7.1639 6.9489
5-12 7.0570 7.0280 6.8120
5-13 6.9226 6.8933 6.6765
5-14 6.7895 6.7599 6.5421
5-15 6.6577 6.6278 6.4091
- --------------------------------------------------------------------------------------------------------------
- --------------------------------------------------------------------------------------------------------------
Spread @ Center Price 167.20 164.34 142.63
WAL 8.97100 8.95080 8.81820
Mod Durn 4.204 4.196 4.168
Mod Convexity 0.292 0.290 0.286
Principal Window Jun00 to Sep29 Jun00 to Sep29 Jun00 to Mar25
Maturity #mos 352 352 298
Accrued Interest 212,306.69 212,306.69 212,306.69
Total Collat Loss 38,328,658.78 (4.89%) 38,271,860.62 (4.89%) 38,215,816.10 (4.88%)
Prepay At 25 CPR At 50 CPR At 100 CPR
No prepays During any YM During any YM During any YM
Lockout and penalties Include penalty Include penalty Include penalty
Ext., if balloon None None None
Pay Exten Princ
Default At 2 CDR At 2 CDR At 2 CDR
Loss Severity 0.3 0.3 0.3
Servicer Advances 100% of P & I 100% of P & I 100% of P & I
Recovery Lag 12 mos 12 mos 12 mos
Optional Redemption Calls ASAP (N) Calls ASAP (N) Calls ASAP (N)
- --------------------------------------------------------------------------------------------------------------
CMT_3MO 5.820 5.820 5.820
CMT_6MO 6.000 6.000 6.000
CMT_1YR 6.030 6.030 6.030
CMT_2YR 6.345 6.345 6.345
CMT_5YR 6.256 6.256 6.256
CMT_10YR 6.030 6.030 6.030
CMT_30YR 5.880 5.880 5.880
- --------------------------------------------------------------------------------------------------------------
</TABLE>
Investors should read the Underwriters' Statement which accompanies these
Computational Materials.
Prospective investors are advised to carefully read, and should rely solely on,
the final prospectus and prospectus supplement (collectively, the "Final
Prospectus") relating to the certificates referred to herein (the "Offered
Certificates") in making their investment decision. These Computational
Materials have been based upon the assumptions described above, which most
likely will not represent the actual experience of the Mortgage Pool in the
future. No representation is made herein as to the actual rate or timing of
principal payments or prepayments on any of the underlying Mortgage Loans in the
Mortgage Pool or the actual performance characteristics of the Offered
Certficates. Prior to making any investment decision, a prospective investor
should receive and fully review the Final Prospectus. NOTHING HEREIN SHOULD BE
CONSIDERED AN OFFER TO SELL OR SOLICITATION OF AN OFFER TO BUY ANY OFFERED
CERTIFICATES.
<PAGE>
FUNB 00-C1, Class IO--Price/Yield
<TABLE>
<CAPTION>
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
CUSIP Face $783,097,303.54 Settle at Pricing
Coupon 0.976 Original Balance $783,097,303.54 Accrual begins 5/1/00
Delay 14 Current Balance $783,097,303.54 Factor Date N/A
Stated Maturity N/A Factor 1 ---------------------------------------
Type SEN WAC IO -----------------------------------------------
- ----------------------------------------------
YIELD CURVE: Spread off interpolated node
3MO=5.82, 6MO=6.00, 1YR=6.03, 2YR=6.345, 5YR=6.256, 10YR=6.03, 30YR=5.88
<CAPTION>
- ----------------------------------------------------------------------------------------------------------
0CPR; ym; Ext0mo 10CPR; ym; Ext0mo 15CPR; ym; Ext0mo
100% 0% rules; 100% 0% rules; 100% 0% rules;
3CDR,30% adv100% 3CDR,30% adv100% 3CDR,30% adv100%
Price lag12 lag12 lag12
Yield
- ----------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
4-31 7.5366 7.5116 7.5026
5-00 7.3831 7.3576 7.3484
5-01 7.2312 7.2052 7.1959
5-02 7.0809 7.0544 7.0449
5-03 6.9321 6.9051 6.8954
5-04 6.7848 6.7573 6.7474
5-05 6.6390 6.6110 6.6010
5-06 6.4947 6.4661 6.4559
5-07 6.3518 6.3227 6.3123
5-08 6.2103 6.1807 6.1702
5-09 6.0702 6.0401 6.0294
5-10 5.9315 5.9008 5.8899
5-11 5.7941 5.7629 5.7518
5-12 5.6580 5.6263 5.6151
5-13 5.5233 5.4910 5.4796
5-14 5.3898 5.3569 5.3454
5-15 5.2576 5.2242 5.2124
- ----------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------
Spread @ Center Price 26.10 23.10 22.03
WAL 8.65630 8.63480 8.62750
Mod Durn 4.190 4.174 4.169
Mod Convexity 0.293 0.289 0.288
Principal Window Jun00 to Sep29 Jun00 to Sep29 Jun00 to Sep29
Maturity #mos 352 352 352
Accrued Interest 212,306.69 212,306.69 212,306.69
Total Collat Loss 55,397,103.02 (7.07%) 55,269,470.69 (7.06%) 55,228,374.83 (7.05%)
Prepay At 0 CPR At 10 CPR At 15 CPR
No prepays During any YM During any YM During any YM
Lockout and penalties Include penalty Include penalty Include penalty
Ext., if balloon None None None
Pay Exten Princ
Default At 3 CDR At 3 CDR At 3 CDR
Loss Severity 0.3 0.3 0.3
Servicer Advances 100% of P & I 100% of P & I 100% of P & I
Recovery Lag 12 mos 12 mos 12 mos
Optional Redemption Calls ASAP (N) Calls ASAP (N) Calls ASAP (N)
- ----------------------------------------------------------------------------------------------------------
CMT_3MO 5.820 5.820 5.820
CMT_6MO 6.000 6.000 6.000
CMT_1YR 6.030 6.030 6.030
CMT_2YR 6.345 6.345 6.345
CMT_5YR 6.256 6.256 6.256
CMT_10YR 6.030 6.030 6.030
CMT_30YR 5.880 5.880 5.880
- ----------------------------------------------------------------------------------------------------------
<CAPTION>
- -------------------------------------------------------------------------------------------------------------
25CPR; ym; Ext0mo 50CPR; ym; Ext0mo 100CPR; ym; Ext0mo
100% 0% rules; 100% 0% rules; 100% 0% rules;
3CDR,30% adv100% 3CDR,30% adv100% 3CDR,30% adv100%
Price lag12 lag12 lag12
- -------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
4-31 7.4884 7.4626 7.2509
5-00 7.3340 7.3080 7.0951
5-01 7.1812 7.1549 6.9409
5-02 7.0300 7.0034 6.7883
5-03 6.8803 6.8534 6.6373
5-04 6.7322 6.7049 6.4877
5-05 6.5854 6.5579 6.3397
5-06 6.4402 6.4124 6.1931
5-07 6.2964 6.2682 6.0479
5-08 6.1540 6.1255 5.9041
5-09 6.0129 5.9842 5.7618
5-10 5.8733 5.8442 5.6208
5-11 5.7349 5.7056 5.4811
5-12 5.5979 5.5683 5.3428
5-13 5.4622 5.4322 5.2057
5-14 5.3278 5.2975 5.0700
5-15 5.1946 5.1640 4.9355
- -------------------------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------------------------------------
Spread @ Center Price 20.39 17.49 -5.09
WAL 8.61670 8.59910 8.47870
Mod Durn 4.163 4.154 4.124
Mod Convexity 0.286 0.284 0.279
Principal Window Jun00 to Sep29 Jun00 to Sep29 Jun00 to Mar25
Maturity #mos 352 352 298
Accrued Interest 212,306.69 212,306.69 212,306.69
Total Collat Loss 55,171,727.41 (7.05%) 55,099,947.25 (7.04%) 55,027,450.87 (7.03%)
Prepay At 25 CPR At 50 CPR At 100 CPR
No prepays During any YM During any YM During any YM
Lockout and penalties Include penalty Include penalty Include penalty
Ext., if balloon None None None
Pay Exten Princ
Default At 3 CDR At 3 CDR At 3 CDR
Loss Severity 0.3 0.3 0.3
Servicer Advances 100% of P & I 100% of P & I 100% of P & I
Recovery Lag 12 mos 12 mos 12 mos
Optional Redemption Calls ASAP (N) Calls ASAP (N) Calls ASAP (N)
- -------------------------------------------------------------------------------------------------------------
CMT_3MO 5.820 5.820 5.820
CMT_6MO 6.000 6.000 6.000
CMT_1YR 6.030 6.030 6.030
CMT_2YR 6.345 6.345 6.345
CMT_5YR 6.256 6.256 6.256
CMT_10YR 6.030 6.030 6.030
CMT_30YR 5.880 5.880 5.880
- -------------------------------------------------------------------------------------------------------------
</TABLE>
Investors should read the Underwriters' Statement which accompanies these
Computational Materials.
Prospective investors are advised to carefully read, and should rely solely on,
the final prospectus and prospectus supplement (collectively, the "Final
Prospectus") relating to the certificates referred to herein (the "Offered
Certificates") in making their investment decision. These Computational
Materials have been based upon the assumptions described above, which most
likely will not represent the actual experience of the Mortgage Pool in the
future. No representation is made herein as to the actual rate or timing of
principal payments or prepayments on any of the underlying Mortgage Loans in the
Mortgage Pool or the actual performance characteristics of the Offered
Certficates. Prior to making any investment decision, a prospective investor
should receive and fully review the Final Prospectus. NOTHING HEREIN SHOULD BE
CONSIDERED AN OFFER TO SELL OR SOLICITATION OF AN OFFER TO BUY ANY OFFERED
CERTIFICATES.
<PAGE>
<TABLE>
<CAPTION>
FUNB 00-C1, Class IO--Price/Yield
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
CUSIP Face $776,325,806.24 Settle at Pricing
Coupon 0.8054 Original Balance $776,325,806.24 Accrual begins 5/1/00
Delay 14 Current Balance $776,325,806.24 Factor Date N/A
Stated Maturity N/A Factor 1 --------------------------------------
Type SEN WAC IO -----------------------------------------------
- ---------------------------------------------
YIELD CURVE: Spread off interpolated node
3MO=5.82, 6MO=6.00, 1YR=6.03, 2YR=6.587, 5YR=6.49, 10YR=6.219, 30YR=5.993
<CAPTION>
- --------------------------------------------------------------------------------------------------------
0CPR; ym; Ext0mo 10CPR; ym; Ext0mo 15CPR; ym; Ext0mo
100% 0% rules; 100% 0% rules; 100% 0% rules;
0CDR,0% adv100% 0CDR,0% adv100% 0CDR,0% adv100%
Price lag12 lag12 lag12
Yield
- --------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
3-30 12.0010 11.9754 11.9660
3-31 11.8118 11.7857 11.7761
4-00 11.6251 11.5984 11.5886
4-01 11.4408 11.4135 11.4036
4-02 11.2589 11.2311 11.2209
4-03 11.0793 11.0509 11.0405
4-04 10.9020 10.8730 10.8624
4-05 10.7269 10.6973 10.6865
4-06 10.5539 10.5237 10.5128
4-07 10.3831 10.3523 10.3412
4-08 10.2144 10.1830 10.1716
4-09 10.0477 10.0157 10.0041
4-10 9.8830 9.8504 9.8386
4-11 9.7203 9.6870 9.6751
4-12 9.5595 9.5256 9.5134
4-13 9.4006 9.3660 9.3537
4-14 9.2435 9.2083 9.1957
- --------------------------------------------------------------------------------------------------------
- --------------------------------------------------------------------------------------------------------
Spread @ Center Price 432.49 429.26 428.10
WAL 9.81490 9.77600 9.76330
Mod Durn 4.319 4.304 4.299
Mod Convexity 0.311 0.307 0.306
Principal Window Jun00 to Sep29 Jun00 to Sep29 Jun00 to Sep29
Maturity #mos 352 352 352
Accrued Interest 173,690.71 173,690.71 173,690.71
Total Collat Loss 0.00 (0.00%) 0.00 (0.00%) 0.00 (0.00%)
Prepay At 0 CPR At 10 CPR At 15 CPR
No prepays During any YM During any YM During any YM
Lockout and penalties Include penalty Include penalty Include penalty
Ext., if balloon None None None
Pay Exten Princ
Default At 0 CDR At 0 CDR At 0 CDR
Loss Severity 0 0.35 0.35
Servicer Advances 100% of P & I 100% of P & I 100% of P & I
Recovery Lag 12 mos 12 mos 12 mos
Optional Redemption Calls ASAP (N) Calls ASAP (N) Calls ASAP (N)
- --------------------------------------------------------------------------------------------------------
CMT_3MO 5.820 5.820 5.820
CMT_6MO 6.000 6.000 6.000
CMT_1YR 6.030 6.030 6.030
CMT_2YR 6.587 6.587 6.587
CMT_5YR 6.490 6.490 6.490
CMT_10YR 6.219 6.219 6.219
CMT_30YR 5.993 5.993 5.993
- --------------------------------------------------------------------------------------------------------
<CAPTION>
- -----------------------------------------------------------------------------------------------------------------
25CPR; ym; Ext0mo 50CPR; ym; Ext0mo 100CPR; ym; Ext0mo
100% 0% rules; 100% 0% rules; 100% 0% rules;
0CDR,0% adv100% 0CDR,0% adv100% 0CDR,0% adv100%
Price lag12 lag12 lag12
- -----------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
3-30 11.9512 11.9249 11.7387
3-31 11.7610 11.7344 11.5470
4-00 11.5733 11.5463 11.3577
4-01 11.3880 11.3606 11.1709
4-02 11.2051 11.1773 10.9864
4-03 11.0244 10.9963 10.8043
4-04 10.8461 10.8176 10.6244
4-05 10.6699 10.6411 10.4467
4-06 10.4959 10.4667 10.2712
4-07 10.3240 10.2944 10.0978
4-08 10.1542 10.1243 9.9266
4-09 9.9864 9.9561 9.7573
4-10 9.8206 9.7900 9.5901
4-11 9.6568 9.6258 9.4248
4-12 9.4949 9.4635 9.2614
4-13 9.3348 9.3030 9.1000
4-14 9.1766 9.1445 8.9403
- -----------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------
Spread @ Center Price 426.31 423.24 402.83
WAL 9.74540 9.71860 9.55810
Mod Durn 4.292 4.283 4.256
Mod Convexity 0.304 0.302 0.298
Principal Window Jun00 to Sep29 Jun00 to Sep29 Jun00 to Mar25
Maturity #mos 352 352 298
Accrued Interest 173,690.71 173,690.71 173,690.71
Total Collat Loss 0.00 (0.00%) 0.00 (0.00%) 0.00 (0.00%)
Prepay At 25 CPR At 50 CPR At 100 CPR
No prepays During any YM During any YM During any YM
Lockout and penalties Include penalty Include penalty Include penalty
Ext., if balloon None None None
Pay Exten Princ
Default At 0 CDR At 0 CDR At 0 CDR
Loss Severity 0.35 0.35 0.35
Servicer Advances 100% of P & I 100% of P & I 100% of P & I
Recovery Lag 12 mos 12 mos 12 mos
Optional Redemption Calls ASAP (N) Calls ASAP (N) Calls ASAP (N)
- -----------------------------------------------------------------------------------------------------------------
CMT_3MO 5.820 5.820 5.820
CMT_6MO 6.000 6.000 6.000
CMT_1YR 6.030 6.030 6.030
CMT_2YR 6.587 6.587 6.587
CMT_5YR 6.490 6.490 6.490
CMT_10YR 6.219 6.219 6.219
CMT_30YR 5.993 5.993 5.993
- -----------------------------------------------------------------------------------------------------------------
</TABLE>
Investors should read the Underwriters' Statement which accompanies these
Computational Materials.
Prospective investors are advised to carefully read, and should rely solely on,
the final prospectus and prospectus supplement (collectively, the "Final
Prospectus") relating to the certificates referred to herein (the "Offered
Certificates") in making their investment decision. These Computational
Materials have been based upon the assumptions described above, which most
likely will not represent the actual experience of the Mortgage Pool in the
future. No representation is made herein as to the actual rate or timing of
principal payments or prepayments on any of the underlying Mortgage Loans in the
Mortgage Pool or the actual performance characteristics of the Offered
Certficates. Prior to making any investment decision, a prospective investor
should receive and fully review the Final Prospectus. NOTHING HEREIN SHOULD BE
CONSIDERED AN OFFER TO SELL OR SOLICITATION OF AN OFFER TO BUY ANY OFFERED
CERTIFICATES.
<PAGE>
<TABLE>
<CAPTION>
FUNB 00-C1, Class IO--Price/Yield
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
CUSIP Face $776,325,806.24 Settle at Pricing
Coupon 0.8054 Original Balance $776,325,806.24 Accrual begins 5/1/00
Delay 14 Current Balance $776,325,806.24 Factor Date N/A
Stated Maturity N/A Factor 1 --------------------------------------
Type SEN WAC IO -----------------------------------------------
- ---------------------------------------------
YIELD CURVE: Spread off interpolated node
3MO=5.82, 6MO=6.00, 1YR=6.03, 2YR=6.587, 5YR=6.49, 10YR=6.219, 30YR=5.993
<CAPTION>
- -----------------------------------------------------------------------------------------------------------
0CPR; ym; Ext0mo 10CPR; ym; Ext0mo 15CPR; ym; Ext0mo
100% 0% rules; 100% 0% rules; 100% 0% rules;
1CDR,0% adv100% 1CDR,0% adv100% 1CDR,0% adv100%
Price lag12 lag12 lag12
Yield Yield Yield
- -----------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
3-30 10.6170 10.5895 10.5794
3-31 10.4279 10.3997 10.3895
4-00 10.2412 10.2125 10.2020
4-01 10.0570 10.0276 10.0169
4-02 9.8751 9.8451 9.8342
4-03 9.6956 9.6650 9.6539
4-04 9.5184 9.4871 9.4758
4-05 9.3433 9.3114 9.2999
4-06 9.1705 9.1379 9.1262
4-07 8.9998 8.9666 8.9546
4-08 8.8312 8.7973 8.7852
4-09 8.6647 8.6301 8.6177
4-10 8.5001 8.4649 8.4523
4-11 8.3376 8.3016 8.2888
4-12 8.1770 8.1403 8.1273
4-13 8.0182 7.9809 7.9676
4-14 7.8613 7.8233 7.8098
- -----------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------
Spread @ Center Price 291.93 288.50 287.27
WAL 9.40610 9.37410 9.36350
Mod Durn 4.322 4.305 4.300
Mod Convexity 0.313 0.309 0.308
Principal Window Jun00 to Sep29 Jun00 to Sep29 Jun00 to Sep29
Maturity #mos 352 352 352
Accrued Interest 173,690.71 173,690.71 173,690.71
Total Collat Loss 19,928,352.47 (2.57%) 19,863,772.20 (2.56%) 19,843,416.29 (2.56%)
Prepay At 0 CPR At 10 CPR At 15 CPR
No prepays During any YM During any YM During any YM
Lockout and penalties Include penalty Include penalty Include penalty
Ext., if balloon None None None
Pay Exten Princ
Default At 1 CDR At 1 CDR At 1 CDR
Loss Severity 0.3 0.3 0.3
Servicer Advances 100% of P & I 100% of P & I 100% of P & I
Recovery Lag 12 mos 12 mos 12 mos
Optional Redemption Calls ASAP (N) Calls ASAP (N) Calls ASAP (N)
- -----------------------------------------------------------------------------------------------------------
CMT_3MO 5.820 5.820 5.820
CMT_6MO 6.000 6.000 6.000
CMT_1YR 6.030 6.030 6.030
CMT_2YR 6.587 6.587 6.587
CMT_5YR 6.490 6.490 6.490
CMT_10YR 6.219 6.219 6.219
CMT_30YR 5.993 5.993 5.993
- -----------------------------------------------------------------------------------------------------------
<CAPTION>
- -------------------------------------------------------------------------------------------------------------
25CPR; ym; Ext0mo 50CPR; ym; Ext0mo 100CPR; ym; Ext0mo
100% 0% rules; 100% 0% rules; 100% 0% rules;
1CDR,0% adv100% 1CDR,0% adv100% 1CDR,0% adv100%
Price lag12 lag12 lag12
Yield Yield Yield
- -------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
3-30 10.5636 10.5361 10.3486
3-31 10.3734 10.3455 10.1567
4-00 10.1856 10.1574 9.9674
4-01 10.0003 9.9716 9.7804
4-02 9.8173 9.7883 9.5959
4-03 9.6366 9.6072 9.4137
4-04 9.4582 9.4284 9.2337
4-05 9.2821 9.2519 9.0560
4-06 9.1081 9.0775 8.8805
4-07 8.9362 8.9053 8.7071
4-08 8.7665 8.7351 8.5359
4-09 8.5987 8.5670 8.3666
4-10 8.4330 8.4008 8.1994
4-11 8.2692 8.2367 8.0341
4-12 8.1074 8.0744 7.8708
4-13 7.9474 7.9141 7.7094
4-14 7.7893 7.7555 7.5498
- -------------------------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------------------------------------
Spread @ Center Price 285.38 282.19 261.70
WAL 9.34830 9.32500 9.17900
Mod Durn 4.293 4.283 4.255
Mod Convexity 0.306 0.303 0.299
Principal Window Jun00 to Sep29 Jun00 to Sep29 Jun00 to Mar25
Maturity #mos 352 352 298
Accrued Interest 173,690.71 173,690.71 173,690.71
Total Collat Loss 19,815,889.69 (2.55%) 19,782,206.06 (2.55%) 19,749,743.62 (2.54%)
Prepay At 25 CPR At 50 CPR At 100 CPR
No prepays During any YM During any YM During any YM
Lockout and penalties Include penalty Include penalty Include penalty
Ext., if balloon None None None
Pay Exten Princ
Default At 1 CDR At 1 CDR At 1 CDR
Loss Severity 0.3 0.3 0.3
Servicer Advances 100% of P & I 100% of P & I 100% of P & I
Recovery Lag 12 mos 12 mos 12 mos
Optional Redemption Calls ASAP (N) Calls ASAP (N) Calls ASAP (N)
- -------------------------------------------------------------------------------------------------------------
CMT_3MO 5.820 5.820 5.820
CMT_6MO 6.000 6.000 6.000
CMT_1YR 6.030 6.030 6.030
CMT_2YR 6.587 6.587 6.587
CMT_5YR 6.490 6.490 6.490
CMT_10YR 6.219 6.219 6.219
CMT_30YR 5.993 5.993 5.993
- -------------------------------------------------------------------------------------------------------------
</TABLE>
Investors should read the Underwriters' Statement which accompanies these
Computational Materials.
Prospective investors are advised to carefully read, and should rely solely on,
the final prospectus and prospectus supplement (collectively, the "Final
Prospectus") relating to the certificates referred to herein (the "Offered
Certificates") in making their investment decision. These Computational
Materials have been based upon the assumptions described above, which most
likely will not represent the actual experience of the Mortgage Pool in the
future. No representation is made herein as to the actual rate or timing of
principal payments or prepayments on any of the underlying Mortgage Loans in the
Mortgage Pool or the actual performance characteristics of the Offered
Certficates. Prior to making any investment decision, a prospective investor
should receive and fully review the Final Prospectus. NOTHING HEREIN SHOULD BE
CONSIDERED AN OFFER TO SELL OR SOLICITATION OF AN OFFER TO BUY ANY OFFERED
CERTIFICATES.
<PAGE>
<TABLE>
<CAPTION>
FUNB 00-C1, Class IO--Price/Yield
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
CUSIP Face $776,325,806.24 Settle at Pricing
Coupon 0.8054 Original Balance $776,325,806.24 Accrual begins 5/1/00
Delay 14 Current Balance $776,325,806.24 Factor Date N/A
Stated Maturity N/A Factor 1 --------------------------------------
Type SEN WAC IO -----------------------------------------------
- ---------------------------------------------
YIELD CURVE: Spread off interpolated node
3MO=5.82, 6MO=6.00, 1YR=6.03, 2YR=6.587, 5YR=6.49, 10YR=6.219, 30YR=5.993
<CAPTION>
- --------------------------------------------------------------------------------------------------------
0CPR; ym; Ext0mo 10CPR; ym; Ext0mo 15CPR; ym; Ext0mo
100% 0% rules; 100% 0% rules; 100% 0% rules;
2CDR,0% adv100% 2CDR,0% adv100% 2CDR,0% adv100%
Price lag12 lag12 lag12
Yield
- --------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
3-30 9.1655 9.1376 9.1275
3-31 8.9761 8.9475 8.9372
4-00 8.7892 8.7599 8.7494
4-01 8.6047 8.5747 8.5640
4-02 8.4226 8.3919 8.3810
4-03 8.2428 8.2115 8.2004
4-04 8.0654 8.0334 8.0220
4-05 7.8902 7.8575 7.8459
4-06 7.7172 7.6838 7.6719
4-07 7.5463 7.5122 7.5001
4-08 7.3776 7.3427 7.3305
4-09 7.2109 7.1753 7.1628
4-10 7.0463 7.0100 6.9972
4-11 6.8836 6.8466 6.8336
4-12 6.7229 6.6851 6.6719
4-13 6.5641 6.5255 6.5121
4-14 6.4071 6.3678 6.3541
- --------------------------------------------------------------------------------------------------------
- --------------------------------------------------------------------------------------------------------
Spread @ Center Price 144.51 141.03 139.80
WAL 9.02120 8.99490 8.98610
Mod Durn 4.318 4.300 4.294
Mod Convexity 0.315 0.310 0.308
Principal Window Jun00 to Sep29 Jun00 to Sep29 Jun00 to Sep29
Maturity #mos 352 352 352
Accrued Interest 173,690.71 173,690.71 173,690.71
Total Collat Loss 38,193,283.94 (4.92%) 38,088,420.53 (4.91%) 38,055,014.81 (4.90%)
Prepay At 0 CPR At 10 CPR At 15 CPR
No prepays During any YM During any YM During any YM
Lockout and penalties Include penalty Include penalty Include penalty
Ext., if balloon None None None
Pay Exten Princ
Default At 2 CDR At 2 CDR At 2 CDR
Loss Severity 0.3 0.3 0.3
Servicer Advances 100% of P & I 100% of P & I 100% of P & I
Recovery Lag 12 mos 12 mos 12 mos
Optional Redemption Calls ASAP (N) Calls ASAP (N) Calls ASAP (N)
- --------------------------------------------------------------------------------------------------------
CMT_3MO 5.820 5.820 5.820
CMT_6MO 6.000 6.000 6.000
CMT_1YR 6.030 6.030 6.030
CMT_2YR 6.587 6.587 6.587
CMT_5YR 6.490 6.490 6.490
CMT_10YR 6.219 6.219 6.219
CMT_30YR 5.993 5.993 5.993
- --------------------------------------------------------------------------------------------------------
<CAPTION>
- ----------------------------------------------------------------------------------------------------------------
25CPR; ym; Ext0mo 50CPR; ym; Ext0mo 100CPR; ym; Ext0mo
100% 0% rules; 100% 0% rules; 100% 0% rules;
2CDR,0% adv100% 2CDR,0% adv100% 2CDR,0% adv100%
Price lag12 lag12 lag12
Yield Yield Yield
- ----------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
3-30 9.1119 9.0849 8.8948
3-31 8.9213 8.8939 8.7026
4-00 8.7332 8.7054 8.5129
4-01 8.5475 8.5193 8.3256
4-02 8.3642 8.3356 8.1407
4-03 8.1833 8.1542 7.9582
4-04 8.0046 7.9752 7.7779
4-05 7.8282 7.7983 7.5999
4-06 7.6540 7.6237 7.4241
4-07 7.4818 7.4512 7.2505
4-08 7.3118 7.2808 7.0789
4-09 7.1439 7.1124 6.9094
4-10 6.9780 6.9461 6.7420
4-11 6.8140 6.7817 6.5765
4-12 6.6520 6.6193 6.4130
4-13 6.4919 6.4588 6.2514
4-14 6.3336 6.3001 6.0916
- ----------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------
Spread @ Center Price 137.93 134.79 114.12
WAL 8.97320 8.95290 8.82020
Mod Durn 4.287 4.277 4.249
Mod Convexity 0.306 0.304 0.300
Principal Window Jun00 to Sep29 Jun00 to Sep29 Jun00 to Mar25
Maturity #mos 352 352 298
Accrued Interest 173,690.71 173,690.71 173,690.71
Total Collat Loss 38,009,406.25 (4.90%) 37,952,608.08 (4.89%) 37,896,563.56 (4.88%)
Prepay At 25 CPR At 50 CPR At 100 CPR
No prepays During any YM During any YM During any YM
Lockout and penalties Include penalty Include penalty Include penalty
Ext., if balloon None None None
Pay Exten Princ
Default At 2 CDR At 2 CDR At 2 CDR
Loss Severity 0.3 0.3 0.3
Servicer Advances 100% of P & I 100% of P & I 100% of P & I
Recovery Lag 12 mos 12 mos 12 mos
Optional Redemption Calls ASAP (N) Calls ASAP (N) Calls ASAP (N)
- ----------------------------------------------------------------------------------------------------------------
CMT_3MO 5.820 5.820 5.820
CMT_6MO 6.000 6.000 6.000
CMT_1YR 6.030 6.030 6.030
CMT_2YR 6.587 6.587 6.587
CMT_5YR 6.490 6.490 6.490
CMT_10YR 6.219 6.219 6.219
CMT_30YR 5.993 5.993 5.993
- ----------------------------------------------------------------------------------------------------------------
</TABLE>
Investors should read the Underwriters' Statement which accompanies these
Computational Materials.
Prospective investors are advised to carefully read, and should rely solely on,
the final prospectus and prospectus supplement (collectively, the "Final
Prospectus") relating to the certificates referred to herein (the "Offered
Certificates") in making their investment decision. These Computational
Materials have been based upon the assumptions described above, which most
likely will not represent the actual experience of the Mortgage Pool in the
future. No representation is made herein as to the actual rate or timing of
principal payments or prepayments on any of the underlying Mortgage Loans in the
Mortgage Pool or the actual performance characteristics of the Offered
Certficates. Prior to making any investment decision, a prospective investor
should receive and fully review the Final Prospectus. NOTHING HEREIN SHOULD BE
CONSIDERED AN OFFER TO SELL OR SOLICITATION OF AN OFFER TO BUY ANY OFFERED
CERTIFICATES.
<PAGE>
<TABLE>
<CAPTION>
FUNB 00-C1, Class IO--Price/Yield
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
CUSIP Face $776,325,806.24 Settle at Pricing
Coupon 0.8054 Original Balance $776,325,806.24 Accrual begins 5/1/00
Delay 14 Current Balance $776,325,806.24 Factor Date N/A
Stated Maturity N/A Factor 1 --------------------------------------
Type SEN WAC IO -----------------------------------------------
- ---------------------------------------------
YIELD CURVE: Spread off interpolated node
3MO=5.82, 6MO=6.00, 1YR=6.03, 2YR=6.587, 5YR=6.49, 10YR=6.219, 30YR=5.993
<CAPTION>
- --------------------------------------------------------------------------------------------------------
0CPR; ym; Ext0mo 10CPR; ym; Ext0mo 15CPR; ym; Ext0mo
100% 0% rules; 100% 0% rules; 100% 0% rules;
3CDR,0% adv100% 3CDR,0% adv100% 3CDR,0% adv100%
Price lag12 lag12 lag12
Yield
- --------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
3-30 7.5310 7.5005 7.4897
3-31 7.3396 7.3084 7.2974
4-00 7.1508 7.1189 7.1076
4-01 6.9645 6.9317 6.9202
4-02 6.7806 6.7471 6.7353
4-03 6.5990 6.5647 6.5527
4-04 6.4198 6.3847 6.3724
4-05 6.2429 6.2070 6.1944
4-06 6.0682 6.0315 6.0186
4-07 5.8957 5.8581 5.8450
4-08 5.7253 5.6869 5.6736
4-09 5.5570 5.5178 5.5042
4-10 5.3908 5.3507 5.3368
4-11 5.2265 5.1856 5.1714
4-12 5.0643 5.0225 5.0080
4-13 4.9040 4.8613 4.8466
4-14 4.7455 4.7020 4.6870
- --------------------------------------------------------------------------------------------------------
- --------------------------------------------------------------------------------------------------------
Spread @ Center Price -22.35 -26.14 -27.46
WAL 8.65860 8.63690 8.62960
Mod Durn 4.276 4.256 4.249
Mod Convexity 0.310 0.304 0.302
Principal Window Jun00 to Sep29 Jun00 to Sep29 Jun00 to Sep29
Maturity #mos 352 352 352
Accrued Interest 173,690.71 173,690.71 173,690.71
Total Collat Loss 54,935,948.29 (7.08%) 54,808,315.96 (7.06%) 54,767,220.10 (7.05%)
Prepay At 0 CPR At 10 CPR At 15 CPR
No prepays During any YM During any YM During any YM
Lockout and penalties Include penalty Include penalty Include penalty
Ext., if balloon None None None
Pay Exten Princ
Default At 3 CDR At 3 CDR At 3 CDR
Loss Severity 0.3 0.3 0.3
Servicer Advances 100% of P & I 100% of P & I 100% of P & I
Recovery Lag 12 mos 12 mos 12 mos
Optional Redemption Calls ASAP (N) Calls ASAP (N) Calls ASAP (N)
- --------------------------------------------------------------------------------------------------------
CMT_3MO 5.820 5.820 5.820
CMT_6MO 6.000 6.000 6.000
CMT_1YR 6.030 6.030 6.030
CMT_2YR 6.587 6.587 6.587
CMT_5YR 6.490 6.490 6.490
CMT_10YR 6.219 6.219 6.219
CMT_30YR 5.993 5.993 5.993
- --------------------------------------------------------------------------------------------------------
<CAPTION>
- ---------------------------------------------------------------------------------------------------------------
25CPR; ym; Ext0mo 50CPR; ym; Ext0mo 100CPR; ym; Ext0mo
100% 0% rules; 100% 0% rules; 100% 0% rules;
3CDR,0% adv100% 3CDR,0% adv100% 3CDR,0% adv100%
Price lag12 lag12 lag12
- ---------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
3-30 7.4732 7.4447 7.2442
3-31 7.2805 7.2516 7.0498
4-00 7.0903 7.0610 6.8579
4-01 6.9026 6.8729 6.6684
4-02 6.7173 6.6872 6.4814
4-03 6.5344 6.5038 6.2967
4-04 6.3538 6.3227 6.1144
4-05 6.1755 6.1439 5.9343
4-06 5.9993 5.9674 5.7565
4-07 5.8254 5.7929 5.5808
4-08 5.6535 5.6206 5.4073
4-09 5.4838 5.4504 5.2358
4-10 5.3160 5.2822 5.0664
4-11 5.1503 5.1161 4.8990
4-12 4.9865 4.9518 4.7336
4-13 4.8247 4.7895 4.5701
4-14 4.6647 4.6291 4.4085
- ---------------------------------------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------------------------------------
Spread @ Center Price -29.45 -32.75 -54.49
WAL 8.61870 8.60100 8.48040
Mod Durn 4.241 4.230 4.200
Mod Convexity 0.300 0.298 0.293
Principal Window Jun00 to Sep29 Jun00 to Sep29 Jun00 to Mar25
Maturity #mos 352 352 298
Accrued Interest 173,690.71 173,690.71 173,690.71
Total Collat Loss 54,710,572.68 (7.05%) 54,638,792.52 (7.04%) 54,566,296.14 (7.03%)
Prepay At 25 CPR At 50 CPR At 100 CPR
No prepays During any YM During any YM During any YM
Lockout and penalties Include penalty Include penalty Include penalty
Ext., if balloon None None None
Pay Exten Princ
Default At 3 CDR At 3 CDR At 3 CDR
Loss Severity 0.3 0.3 0.3
Servicer Advances 100% of P & I 100% of P & I 100% of P & I
Recovery Lag 12 mos 12 mos 12 mos
Optional Redemption Calls ASAP (N) Calls ASAP (N) Calls ASAP (N)
- ---------------------------------------------------------------------------------------------------------------
CMT_3MO 5.820 5.820 5.820
CMT_6MO 6.000 6.000 6.000
CMT_1YR 6.030 6.030 6.030
CMT_2YR 6.587 6.587 6.587
CMT_5YR 6.490 6.490 6.490
CMT_10YR 6.219 6.219 6.219
CMT_30YR 5.993 5.993 5.993
- ---------------------------------------------------------------------------------------------------------------
</TABLE>
Investors should read the Underwriters' Statement which accompanies these
Computational Materials.
Prospective investors are advised to carefully read, and should rely solely on,
the final prospectus and prospectus supplement (collectively, the "Final
Prospectus") relating to the certificates referred to herein (the "Offered
Certificates") in making their investment decision. These Computational
Materials have been based upon the assumptions described above, which most
likely will not represent the actual experience of the Mortgage Pool in the
future. No representation is made herein as to the actual rate or timing of
principal payments or prepayments on any of the underlying Mortgage Loans in the
Mortgage Pool or the actual performance characteristics of the Offered
Certficates. Prior to making any investment decision, a prospective investor
should receive and fully review the Final Prospectus. NOTHING HEREIN SHOULD BE
CONSIDERED AN OFFER TO SELL OR SOLICITATION OF AN OFFER TO BUY ANY OFFERED
CERTIFICATES.
<PAGE>
FUNB 00-C1, Class IO--Price/Yield
<TABLE>
<CAPTION>
- -----------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
CUSIP Face $1,000,000.00 Settle at Pricing
Coupon 0.976 Original Balance $783,097,303.54 Accrual begins 5/1/00
Delay 14 Current Balance $783,097,303.54 Factor Date N/A
Stated Maturity N/A Factor 1 --------------------------------
Type SEN WAC IO -----------------------------------------------
- ----------------------------------------
</TABLE>
YIELD CURVE: Spread off interpolated node
3MO=5.82, 6MO=6.00, 1YR=6.03, 2YR=6.345, 5YR=6.254, 10YR=6.03, 30YR=5.88
<TABLE>
<CAPTION>
- -----------------------------------------------------------------------------------------------------
0CPR; ym; 100CPR; ym; 100CPR; ym;
Ext0mo 100% 0% Ext0mo 100% 0% Ext0mo 100% 0%
rules; rules; 0 for 24 rules; 0 for 12
0CDR,30% 2CDR,35% adv100% 4CDR,35% adv100%
Price adv100% lag12 lag12 lag12
Yield
- -----------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
4-31 11.5036 9.6440 6.5174
5-00 11.3516 9.4867 6.3537
5-01 11.2012 9.3309 6.1916
5-02 11.0523 9.1768 6.0311
5-03 10.9049 9.0241 5.8722
5-04 10.7590 8.8730 5.7148
5-05 10.6145 8.7233 5.5589
5-06 10.4715 8.5751 5.4045
5-07 10.3298 8.4283 5.2516
5-08 10.1896 8.2830 5.1002
5-09 10.0507 8.1390 4.9501
5-10 9.9131 7.9964 4.8014
5-11 9.7769 7.8551 4.6542
5-12 9.6419 7.7152 4.5082
5-13 9.5082 7.5765 4.3636
5-14 9.3758 7.4392 4.2203
5-15 9.2446 7.3031 4.0783
- ---------------------------------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------------------------------
Spread @ Center Price 428.98 235.66 -84.95
WAL 9.77560 9.06790 8.41180
Mod Durn 4.227 4.079 3.914
Mod Convexity 0.294 0.269 0.244
Principal Window Jun00 to Oct21 Jun00 to Jun16 Jun00 to Jun16
Maturity #mos 257 193 193
Accrued Interest 271.11 271.11 271.11
Total Collat Loss 0.00 (0.00%) 35,199,017.05 (4.49%) 74,252,173.88 (9.48%)
Prepay At 0 CPR At 100 CPR At 100 CPR
No prepays During any YM During any YM During any YM
Lockout and penalties Include penalty Include penalty Include penalty
Ext., if balloon None None None
Pay Exten Princ
Default At 0 CDR At 0 for 24 2 CDR At 0 for 12 4 CDR
Loss Severity 0.3 0.35 0.35
Servicer Advances 100% of P & I 100% of P & I 100% of P & I
Recovery Lag 12 mos 12 mos 12 mos
Optional Redemption Calls ASAP (Y) Calls ASAP (Y) Calls ASAP (Y)
- -----------------------------------------------------------------------------------------------------
CMT_3MO 5.820 5.820 5.820
CMT_6MO 6.000 6.000 6.000
CMT_1YR 6.030 6.030 6.030
CMT_2YR 6.345 6.345 6.345
CMT_5YR 6.254 6.254 6.254
CMT_10YR 6.030 6.030 6.030
CMT_30YR 5.880 5.880 5.880
- -----------------------------------------------------------------------------------------------------
</TABLE>
Investors should read the Underwriters' Statement which accompanies these
Computational Materials.
Prospective investors are advised to carefully read, and should rely solely on,
the final prospectus and prospectus supplement (collectively, the "Final
Prospectus") relating to the certificates referred to herein (the "Offered
Certificates") in making their investment decision. These Computational
Materials have been based upon the assumptions described above, which most
likely will not represent the actual experience of the Mortgage Pool in the
future. No representation is made herein as to the actual rate or timing of
principal payments or prepayments on any of the underlying Mortgage Loans in the
Mortgage Pool or the actual performance characteristics of the Offered
Certficates. Prior to making any investment decision, a prospective investor
should receive and fully review the Final Prospectus. NOTHING HEREIN SHOULD BE
CONSIDERED AN OFFER TO SELL OR SOLICITATION OF AN OFFER TO BUY ANY OFFERED
CERTIFICATES.
<PAGE>
- --------------------------------------------------------------------------------
Investors should read the Underwriters' Statement which accompanies these
Computational Materials.
Prospective investors are advised to carefully read, and should rely solely on,
the final prospectus and prospectus supplement (collectively, the "Final
Prospectus") relating to the certificates referred to herein (the "Offered
Certificates") in making their investment decision. These Computational
Materials have been based upon the assumptions described above, which most
likely will not represent the actual experience of the Mortgage Pool in the
future. No representation is made herein as to the actual rate or timing of
principal payments or prepayments on any of the underlying Mortgage Loans in the
Mortgage Pool or the actual performance characteristics of the Offered
Certficates. Prior to making any investment decision, a prospective investor
should receive and fully review the Final Prospectus. NOTHING HEREIN SHOULD BE
CONSIDERED AN OFFER TO SELL OR SOLICITATION OF AN OFFER TO BUY ANY OFFERED
CERTIFICATES.
- --------------------------------------------------------------------------------
FUNB 00-C1, Class IO
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C> <C>
CUSIP Face $19,162,000.00 Settle at Pricing
Coupon 0.976 Original Balance $783,097,303.54 Accrual begins 5/1/00
Delay 14 Current Balance $783,097,303.54 Factor Date N/A
Stated Maturity N/A Factor 1
Type SEN WAC IO WAL 9.7756 yrs
</TABLE>
YIELD CURVE: Spread off interpolated node
3MO=5.82, 6MO=6.00, 1YR=6.03, 2YR=6.345, 5YR=6.254, 10YR=6.03, 30YR=5.88
Optional Redemption: Y
cmt_3mo=5.82 cmt_6mo=6.00 cmt_1yr=6.03 cmt_2yr=6.345 cmt_5yr=6.254
cmt_10yr=6.03 cmt_30yr=5.88
100 CPR after 100 CPR after
YM, 0 CDR for YM, 0 CDR for
24, 2 CDR 12, 4 CDR
0 CPR, thereafter, 35 thereafter, 35
Period / Date 0 CDR LS, 12 RD LS, 12 RD
- --------------------------------------------------------------------------------
Total Cashflow: 1,667,998 1,475,284 1,250,821
May-00 0 0 0
Jun-00 15,585 15,585 15,585
Jul-00 11,655 11,655 11,655
Aug-00 15,573 15,573 15,573
Sep-00 15,567 15,567 15,567
Oct-00 11,639 11,639 11,639
Nov-00 15,551 15,551 15,551
Dec-00 11,627 11,627 11,627
Jan-01 11,624 11,624 11,624
Feb-01 11,619 11,619 11,619
Mar-01 11,619 11,619 11,619
Apr-01 15,510 15,510 15,510
May-01 11,597 11,597 11,597
Jun-01 15,493 15,493 15,493
Jul-01 11,588 11,588 11,588
Aug-01 15,479 15,479 15,479
Sep-01 15,471 15,471 15,471
Oct-01 11,569 11,569 11,569
Nov-01 15,454 15,454 15,454
Dec-01 11,556 11,556 11,556
- --------------------------------------------------------------------------------
Generated by Intex Trader 05/01/2000 6:19 PM
Information provided herein is believed by INTEX to be accurate; however INTEX
cannot guarantee accuracy.
<PAGE>
- --------------------------------------------------------------------------------
Investors should read the Underwriters' Statement which accompanies these
Computational Materials.
Prospective investors are advised to carefully read, and should rely solely on,
the final prospectus and prospectus supplement (collectively, the "Final
Prospectus") relating to the certificates referred to herein (the "Offered
Certificates") in making their investment decision. These Computational
Materials have been based upon the assumptions described above, which most
likely will not represent the actual experience of the Mortgage Pool in the
future. No representation is made herein as to the actual rate or timing of
principal payments or prepayments on any of the underlying Mortgage Loans in the
Mortgage Pool or the actual performance characteristics of the Offered
Certficates. Prior to making any investment decision, a prospective investor
should receive and fully review the Final Prospectus. NOTHING HEREIN SHOULD BE
CONSIDERED AN OFFER TO SELL OR SOLICITATION OF AN OFFER TO BUY ANY OFFERED
CERTIFICATES.
- --------------------------------------------------------------------------------
FUNB 00-C1, Class IO
- --------------------------------------------------------------------------------
Jan-02 11,552 11,552 11,552
Feb-02 11,546 11,546 11,546
Mar-02 11,546 11,546 11,546
Apr-02 15,406 15,406 15,406
May-02 11,522 11,522 11,522
Jun-02 15,387 15,387 15,387
Jul-02 11,510 11,510 11,446
Aug-02 15,370 15,370 15,215
Sep-02 15,362 15,362 15,130
Oct-02 11,489 11,489 11,236
Nov-02 15,341 15,341 14,957
Dec-02 11,474 11,474 11,096
Jan-03 11,449 11,449 11,009
Feb-03 11,443 11,443 10,941
Mar-03 11,443 11,443 10,918
Apr-03 15,314 15,314 14,553
May-03 11,415 11,415 10,730
Jun-03 15,292 15,292 14,384
Jul-03 11,402 11,370 10,596
Aug-03 15,273 15,197 14,218
Sep-03 15,264 15,150 14,135
Oct-03 11,378 11,253 10,393
Nov-03 15,241 15,052 13,968
Dec-03 11,361 11,175 10,258
Jan-04 15,223 14,958 13,806
Feb-04 11,349 11,101 10,128
Mar-04 11,344 11,072 10,077
Apr-04 15,186 14,810 13,557
May-04 11,321 10,982 9,927
Jun-04 15,163 14,712 13,394
Jul-04 11,307 10,907 9,799
Aug-04 15,142 14,618 13,234
Sep-04 15,131 14,571 13,155
Oct-04 11,281 10,768 9,581
Nov-04 15,107 14,438 12,961
Dec-04 11,239 10,690 9,451
Jan-05 11,232 10,653 9,389
Feb-05 11,224 10,616 9,326
Mar-05 11,224 10,604 9,305
Apr-05 15,006 14,194 12,562
May-05 11,191 10,495 9,130
- --------------------------------------------------------------------------------
Generated by Intex Trader 05/01/2000 6:19 PM
Information provided herein is believed by INTEX to be accurate; however INTEX
cannot guarantee accuracy.
<PAGE>
- --------------------------------------------------------------------------------
Investors should read the Underwriters' Statement which accompanies these
Computational Materials.
Prospective investors are advised to carefully read, and should rely solely on,
the final prospectus and prospectus supplement (collectively, the "Final
Prospectus") relating to the certificates referred to herein (the "Offered
Certificates") in making their investment decision. These Computational
Materials have been based upon the assumptions described above, which most
likely will not represent the actual experience of the Mortgage Pool in the
future. No representation is made herein as to the actual rate or timing of
principal payments or prepayments on any of the underlying Mortgage Loans in the
Mortgage Pool or the actual performance characteristics of the Offered
Certficates. Prior to making any investment decision, a prospective investor
should receive and fully review the Final Prospectus. NOTHING HEREIN SHOULD BE
CONSIDERED AN OFFER TO SELL OR SOLICITATION OF AN OFFER TO BUY ANY OFFERED
CERTIFICATES.
- --------------------------------------------------------------------------------
FUNB 00-C1, Class IO
- --------------------------------------------------------------------------------
Jun-05 14,980 14,096 12,404
Jul-05 11,176 10,421 9,007
Aug-05 14,957 14,003 12,251
Sep-05 14,945 13,956 12,179
Oct-05 11,147 10,306 8,829
Nov-05 14,918 13,858 12,034
Dec-05 11,126 10,228 8,713
Jan-06 11,117 10,190 8,658
Feb-06 11,108 10,153 8,602
Mar-06 11,108 10,142 8,586
Apr-06 14,844 13,612 11,673
May-06 11,072 10,032 8,428
Jun-06 14,815 13,515 11,530
Jul-06 11,057 9,960 8,322
Aug-06 14,792 13,423 11,395
Sep-06 14,779 13,376 11,326
Oct-06 11,025 9,845 8,155
Nov-06 14,749 13,279 11,185
Dec-06 11,002 9,768 8,044
Jan-07 10,992 9,730 7,990
Feb-07 10,982 9,693 7,936
Mar-07 10,982 9,682 7,921
Apr-07 14,668 13,034 10,837
May-07 10,943 9,573 7,769
Jun-07 14,637 12,937 10,699
Jul-07 10,924 9,500 7,666
Aug-07 14,610 12,844 10,568
Sep-07 14,595 12,799 10,501
Oct-07 10,889 9,390 7,505
Nov-07 14,562 12,709 10,366
Dec-07 10,865 9,320 7,398
Jan-08 14,531 12,622 10,233
Feb-08 10,842 9,253 7,293
Mar-08 10,834 9,228 7,254
Apr-08 14,478 12,486 10,032
May-08 10,802 9,308 7,270
Jun-08 14,444 12,495 9,981
Jul-08 10,879 9,206 7,139
Aug-08 14,442 12,373 9,822
Sep-08 14,426 12,330 9,758
Oct-08 10,840 9,102 6,983
- --------------------------------------------------------------------------------
Generated by Intex Trader 05/01/2000 6:19 PM
Information provided herein is believed by INTEX to be accurate; however INTEX
cannot guarantee accuracy.
<PAGE>
- --------------------------------------------------------------------------------
Investors should read the Underwriters' Statement which accompanies these
Computational Materials.
Prospective investors are advised to carefully read, and should rely solely on,
the final prospectus and prospectus supplement (collectively, the "Final
Prospectus") relating to the certificates referred to herein (the "Offered
Certificates") in making their investment decision. These Computational
Materials have been based upon the assumptions described above, which most
likely will not represent the actual experience of the Mortgage Pool in the
future. No representation is made herein as to the actual rate or timing of
principal payments or prepayments on any of the underlying Mortgage Loans in the
Mortgage Pool or the actual performance characteristics of the Offered
Certficates. Prior to making any investment decision, a prospective investor
should receive and fully review the Final Prospectus. NOTHING HEREIN SHOULD BE
CONSIDERED AN OFFER TO SELL OR SOLICITATION OF AN OFFER TO BUY ANY OFFERED
CERTIFICATES.
- --------------------------------------------------------------------------------
FUNB 00-C1, Class IO
- --------------------------------------------------------------------------------
Nov-08 14,390 12,241 9,628
Dec-08 10,813 9,032 6,880
Jan-09 10,800 8,999 6,830
Feb-09 10,788 8,965 6,779
Mar-09 10,787 8,957 6,765
Apr-09 14,295 12,016 9,304
May-09 10,742 8,857 6,624
Jun-09 14,257 11,907 9,160
Jul-09 10,717 8,783 6,519
Aug-09 14,201 11,696 8,930
Sep-09 14,186 10,860 8,202
Oct-09 10,633 7,857 5,678
Nov-09 13,507 9,538 7,043
Dec-09 9,967 4,878 3,134
Jan-10 9,364 3,023 1,581
Feb-10 6,973 2,154 827
Mar-10 6,912 2,428 871
Apr-10 4,290 1,722 369
May-10 2,667 1,553 272
Jun-10 2,944 1,715 355
Jul-10 2,676 1,555 267
Aug-10 2,954 1,718 348
Sep-10 2,954 1,716 344
Oct-10 2,675 1,550 257
Nov-10 2,954 1,712 336
Dec-10 2,674 1,547 251
Jan-11 2,680 1,549 249
Feb-11 2,680 1,547 246
Mar-11 2,681 1,547 243
Apr-11 2,959 1,707 316
May-11 2,679 1,542 237
Jun-11 2,959 1,703 308
Jul-11 2,689 1,545 232
Aug-11 2,971 1,707 301
Sep-11 3,024 1,737 297
Oct-11 2,729 1,564 228
Nov-11 3,023 1,734 290
Dec-11 2,728 1,561 223
Jan-12 3,030 1,734 284
Feb-12 2,733 1,561 220
Mar-12 2,733 1,481 202
- --------------------------------------------------------------------------------
Generated by Intex Trader 05/01/2000 6:19 PM
Information provided herein is believed by INTEX to be accurate; however INTEX
cannot guarantee accuracy.
<PAGE>
- --------------------------------------------------------------------------------
Investors should read the Underwriters' Statement which accompanies these
Computational Materials.
Prospective investors are advised to carefully read, and should rely solely on,
the final prospectus and prospectus supplement (collectively, the "Final
Prospectus") relating to the certificates referred to herein (the "Offered
Certificates") in making their investment decision. These Computational
Materials have been based upon the assumptions described above, which most
likely will not represent the actual experience of the Mortgage Pool in the
future. No representation is made herein as to the actual rate or timing of
principal payments or prepayments on any of the underlying Mortgage Loans in the
Mortgage Pool or the actual performance characteristics of the Offered
Certficates. Prior to making any investment decision, a prospective investor
should receive and fully review the Final Prospectus. NOTHING HEREIN SHOULD BE
CONSIDERED AN OFFER TO SELL OR SOLICITATION OF AN OFFER TO BUY ANY OFFERED
CERTIFICATES.
- --------------------------------------------------------------------------------
FUNB 00-C1, Class IO
- --------------------------------------------------------------------------------
Apr-12 3,029 1,519 205
May-12 1,801 1,379 185
Jun-12 1,974 1,516 201
Jul-12 1,783 1,385 183
Aug-12 1,955 1,503 197
Sep-12 1,951 1,502 195
Oct-12 1,773 1,365 176
Nov-12 1,944 1,499 192
Dec-12 1,766 1,362 173
Jan-13 1,682 1,355 172
Feb-13 1,679 1,350 171
Mar-13 1,676 1,347 170
Apr-13 1,835 1,474 185
May-13 1,668 1,335 167
Jun-13 1,827 1,463 182
Jul-13 1,650 1,316 165
Aug-13 1,809 1,443 181
Sep-13 1,805 1,437 179
Oct-13 1,640 1,301 162
Nov-13 1,797 1,427 176
Dec-13 1,633 1,291 159
Jan-14 1,617 1,276 159
Feb-14 1,613 1,271 158
Mar-14 1,610 1,268 157
Apr-14 1,765 1,389 171
May-14 1,602 1,256 154
Jun-14 1,757 1,378 168
Jul-14 1,589 1,242 152
Aug-14 1,743 1,363 166
Sep-14 1,739 1,357 165
Oct-14 1,578 1,698 411
Nov-14 1,731 1,212 165
Dec-14 1,570 590 218
Jan-15 1,543 634 268
Feb-15 691 360 131
Mar-15 784 358 131
Apr-15 677 356 130
May-15 649 353 129
Jun-15 673 352 129
Jul-15 645 349 128
Aug-15 668 347 127
- --------------------------------------------------------------------------------
Generated by Intex Trader 05/01/2000 6:19 PM
Information provided herein is believed by INTEX to be accurate; however INTEX
cannot guarantee accuracy.
<PAGE>
- --------------------------------------------------------------------------------
Investors should read the Underwriters' Statement which accompanies these
Computational Materials.
Prospective investors are advised to carefully read, and should rely solely on,
the final prospectus and prospectus supplement (collectively, the "Final
Prospectus") relating to the certificates referred to herein (the "Offered
Certificates") in making their investment decision. These Computational
Materials have been based upon the assumptions described above, which most
likely will not represent the actual experience of the Mortgage Pool in the
future. No representation is made herein as to the actual rate or timing of
principal payments or prepayments on any of the underlying Mortgage Loans in the
Mortgage Pool or the actual performance characteristics of the Offered
Certficates. Prior to making any investment decision, a prospective investor
should receive and fully review the Final Prospectus. NOTHING HEREIN SHOULD BE
CONSIDERED AN OFFER TO SELL OR SOLICITATION OF AN OFFER TO BUY ANY OFFERED
CERTIFICATES.
- --------------------------------------------------------------------------------
FUNB 00-C1, Class IO
- --------------------------------------------------------------------------------
Sep-15 666 345 127
Oct-15 638 343 126
Nov-15 661 341 125
Dec-15 634 339 125
Jan-16 646 328 127
Feb-16 618 327 126
Mar-16 616 325 126
Apr-16 638 323 125
May-16 611 321 125
Jun-16 633 319 124
Jul-16 481
Aug-16 503
Sep-16 501
Oct-16 474
Nov-16 496
Dec-16 469
Jan-17 466
Feb-17 464
Mar-17 462
Apr-17 483
May-17 456
Jun-17 477
Jul-17 451
Aug-17 472
Sep-17 469
Oct-17 443
Nov-17 464
Dec-17 438
Jan-18 435
Feb-18 432
Mar-18 430
Apr-18 450
May-18 424
Jun-18 444
Jul-18 418
Aug-18 438
Sep-18 435
Oct-18 410
Nov-18 429
Dec-18 404
Jan-19 401
- --------------------------------------------------------------------------------
Generated by Intex Trader 05/01/2000 6:19 PM
Information provided herein is believed by INTEX to be accurate; however INTEX
cannot guarantee accuracy.
<PAGE>
- --------------------------------------------------------------------------------
Investors should read the Underwriters' Statement which accompanies these
Computational Materials.
Prospective investors are advised to carefully read, and should rely solely on,
the final prospectus and prospectus supplement (collectively, the "Final
Prospectus") relating to the certificates referred to herein (the "Offered
Certificates") in making their investment decision. These Computational
Materials have been based upon the assumptions described above, which most
likely will not represent the actual experience of the Mortgage Pool in the
future. No representation is made herein as to the actual rate or timing of
principal payments or prepayments on any of the underlying Mortgage Loans in the
Mortgage Pool or the actual performance characteristics of the Offered
Certficates. Prior to making any investment decision, a prospective investor
should receive and fully review the Final Prospectus. NOTHING HEREIN SHOULD BE
CONSIDERED AN OFFER TO SELL OR SOLICITATION OF AN OFFER TO BUY ANY OFFERED
CERTIFICATES.
- --------------------------------------------------------------------------------
FUNB 00-C1, Class IO
- --------------------------------------------------------------------------------
Feb-19 398
Mar-19 395
Apr-19 414
May-19 389
Jun-19 408
Jul-19 383
Aug-19 401
Sep-19 398
Oct-19 373
Nov-19 391
Dec-19 367
Jan-20 359
Feb-20 335
Mar-20 332
Apr-20 349
May-20 325
Jun-20 342
Jul-20 319
Aug-20 335
Sep-20 332
Oct-20 308
Nov-20 325
Dec-20 301
Jan-21 298
Feb-21 294
Mar-21 291
Apr-21 306
May-21 284
Jun-21 299
Jul-21 276
Aug-21 291
Sep-21 288
Oct-21 265
- --------------------------------------------------------------------------------
Generated by Intex Trader 05/01/2000 6:19 PM
Information provided herein is believed by INTEX to be accurate; however INTEX
cannot guarantee accuracy.
<PAGE>
- --------------------------------------------------------------------------------
Investors should read the Underwriters' Statement which accompanies these
Computational Materials.
Prospective investors are advised to carefully read, and should rely solely on,
the final prospectus and prospectus supplement (collectively, the "Final
Prospectus") relating to the certificates referred to herein (the "Offered
Certificates") in making their investment decision. These Computational
Materials have been based upon the assumptions described above, which most
likely will not represent the actual experience of the Mortgage Pool in the
future. No representation is made herein as to the actual rate or timing of
principal payments or prepayments on any of the underlying Mortgage Loans in the
Mortgage Pool or the actual performance characteristics of the Offered
Certficates. Prior to making any investment decision, a prospective investor
should receive and fully review the Final Prospectus. NOTHING HEREIN SHOULD BE
CONSIDERED AN OFFER TO SELL OR SOLICITATION OF AN OFFER TO BUY ANY OFFERED
CERTIFICATES.
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
CF ON $1,000,000 IO INVESTMENT
[GRAPHICAL REPRESENTATION OF GRAPH]
- --------------------------------------------------------------------------------
CF ON $1,000,000 IO INVESTMENT
[GRAPHICAL REPRESENTATION OF GRAPH]
- --------------------------------------------------------------------------------
<PAGE>
- --------------------------------------------------------------------------------
Investors should read the Underwriters' Statement which accompanies these
Computational Materials.
Prospective investors are advised to carefully read, and should rely solely on,
the final prospectus and prospectus supplement (collectively, the "Final
Prospectus") relating to the certificates referred to herein (the "Offered
Certificates") in making their investment decision. These Computational
Materials have been based upon the assumptions described above, which most
likely will not represent the actual experience of the Mortgage Pool in the
future. No representation is made herein as to the actual rate or timing of
principal payments or prepayments on any of the underlying Mortgage Loans in the
Mortgage Pool or the actual performance characteristics of the Offered
Certficates. Prior to making any investment decision, a prospective investor
should receive and fully review the Final Prospectus. NOTHING HEREIN SHOULD BE
CONSIDERED AN OFFER TO SELL OR SOLICITATION OF AN OFFER TO BUY ANY OFFERED
CERTIFICATES.
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
CF ON $1,000,000 IO INVESTMENT
[GRAPHICAL REPRESENTATION OF GRAPH]
- --------------------------------------------------------------------------------
<PAGE>
FUNB 00-C1, CLASS BBBM--PRICE/YIELD
<TABLE>
<CAPTION>
- ----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <S> <C> <S> <C>
CUSIP Face $1,000,000.00 Settle at Pricing
Coupon 8.4993 Original Balance $11,746,000.00 Accrual begins 5/1/00
Delay 14 Current Balance $11,746,000.00 Factor Date N/A
Stated Maturity N/A Factor 1 ------------------------------------
Type JUN WAC ---------------------------------------------------
- -------------------------------------------
</TABLE>
YIELD CURVE: Spread off interpolated node
3MO=5.82, 6MO=6.00, 1YR=6.03, 2YR=6.345, 5YR=6.254, 10YR=6.03, 30YR=5.88
<TABLE>
<CAPTION>
- ------------------------------------------------------------------------------------------------------------------------------------
0CPR; ym; Ext0mo 100CPR; ym; Ext0mo 100CPR; ym; Ext0mo
100% 0% rules; 100% 0% rules; 0 for 24 100% 0% rules; 0 for 12
0CDR, 30% adv100% 2CDR, 35% adv100% 4CDR, 35% adv100%
PRICE LAG12 LAG12 LAG12
Yield
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
97-06 8.8566 8.8227 8.7153
97-07 8.8519 8.8182 8.7113
97-08 8.8472 8.8138 8.7074
97-09 8.8426 8.8093 8.7035
97-10 8.8379 8.8049 8.6996
97-11 8.8333 8.8004 8.6957
97-12 8.8286 8.7960 8.6918
97-13 8.8239 8.7915 8.6879
97-14 8.8193 8.7871 8.6840
97-15 8.8146 8.7826 8.6801
97-16 8.8100 8.7782 8.6762
97-17 8.8053 8.7737 8.6723
97-18 8.8007 8.7693 8.6684
97-19 8.7961 8.7649 8.6645
97-20 8.7914 8.7604 8.6606
97-21 8.7868 8.7560 8.6567
97-22 8.7821 8.7516 8.6528
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
Spread @ Center Price 279.68 277.11 269.25
WAL 11.00740 11.87480 15.13830
Mod Durn 6.876 7.199 8.194
Mod Convexity 0.648 0.719 0.982
Principal Window Apr10 to Apr12 Feb12 to Dec12 Nov14 to Jun16
Maturity #mos 143 151 193
Accrued Interest 2,360.92 2,360.92 2,360.92
Total Collat Loss 0.00 (0.00%) 35,199,017.05 (4.49%) 74,252,173.88 (9.48%)
Prepay At 0 CPR At 100 CPR At 100 CPR
No prepays During any YM During any YM During any YM
Lockout and penalties Include penalty Include penalty Include penalty
Ext., if balloon None None None
Pay Exten Princ
Default At 0 CDR At 0 for 24 2 CDR At 0 for 12 4 CDR
Loss Severity 0.3 0.35 0.35
Servicer Advances 100% of P & I 100% of P & I 100% of P & I
Recovery Lag 12 mos 12 mos 12 mos
Optional Redemption Calls ASAP (Y) Calls ASAP (Y) Calls ASAP (Y)
- ------------------------------------------------------------------------------------------------------------------------------------
CMT_3MO 5.820 5.820 5.820
CMT_6MO 6.000 6.000 6.000
CMT_1YR 6.030 6.030 6.030
CMT_2YR 6.345 6.345 6.345
CMT_5YR 6.254 6.254 6.254
CMT_10YR 6.030 6.030 6.030
CMT_30YR 5.880 5.880 5.880
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
- --------------------------------------------------------------------------------
Investors should read the Underwriters' Statement which accompanies these
Computational Materials.
Prospective investors are advised to carefully read, and should rely solely on,
the final prospectus and prospectus supplement (collectively, the "Final
Prospectus") relating to the certificates referred to herein (the "Offered
Certificates") in making their investment decision. These Computational
Materials have been based upon the assumptions described above, which most
likely will not represent the actual experience of the Mortgage Pool in the
future. No representation is made herein as to the actual rate or timing of
principal payments or prepayments on any of the underlying Mortgage Loans in the
Mortgage Pool or the actual performance characteristics of the Offered
Certficates. Prior to making any investment decision, a prospective investor
should receive and fully review the Final Prospectus. NOTHING HEREIN SHOULD BE
CONSIDERED AN OFFER TO SELL OR SOLICITATION OF AN OFFER TO BUY ANY OFFERED
CERTIFICATES.
- --------------------------------------------------------------------------------
<PAGE>
- --------------------------------------------------------------------------------
Investors should read the Underwriters' Statement which accompanies these
Computational Materials.
Prospective investors are advised to carefully read, and should rely solely on,
the final prospectus and prospectus supplement (collectively, the "Final
Prospectus") relating to the certificates referred to herein (the "Offered
Certificates") in making their investment decision. These Computational
Materials have been based upon the assumptions described above, which most
likely will not represent the actual experience of the Mortgage Pool in the
future. No representation is made herein as to the actual rate or timing of
principal payments or prepayments on any of the underlying Mortgage Loans in the
Mortgage Pool or the actual performance characteristics of the Offered
Certficates. Prior to making any investment decision, a prospective investor
should receive and fully review the Final Prospectus. NOTHING HEREIN SHOULD BE
CONSIDERED AN OFFER TO SELL OR SOLICITATION OF AN OFFER TO BUY ANY OFFERED
CERTIFICATES.
- --------------------------------------------------------------------------------
FUNB 00-C1, CLASS BBB-
<TABLE>
<CAPTION>
- ---------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
CUSIP Face $1,000,000.00 Settle at Pricing
Coupon 8.4993 Original Balance $11,746,000.00 Accrual begins 5/1/00
Delay 14 Current Balance $11,746,000.00 Factor Date N/A
Stated Maturity N/A Factor 1
Type JUN WAC WAL 15.1383 yrs
YIELD CURVE: Spread off interpolated node
3MO=5.82, 6MO=6.00, 1YR=6.03, 2YR=6.345, 5YR=6.254, 10YR=6.03, 30YR=5.88
- ---------------------------------------------------------------------------------------------------------
Optional Redemption: Y
cmt_3mo=5.82 cmt_6mo=6.00 cmt_1yr=6.03 cmt_2yr=6.345 cmt_5yr=6.254 cmt_10yr=6.03 cmt_30yr=5.88
- ---------------------------------------------------------------------------------------------------------
</TABLE>
100 CPR after 100 CPR after
YM, 0 CDR for YM, 0 CDR for
24, 2 CDR 12, 4 CDR
thereafter, 35 thereafter, 35
Period/Date 0 CPR, 0 CDR LS, 12 RD LS, 12 RD
- --------------------------------------------------------------------------------
Total Cashflow: 1,967,014 2,038,018 2,299,899
May-00 0 0 0
Jun-00 7,269 7,269 7,269
Jul-00 7,049 7,049 7,049
Aug-00 7,270 7,270 7,270
Sep-00 7,270 7,270 7,270
Oct-00 7,049 7,049 7,049
Nov-00 7,270 7,270 7,270
Dec-00 7,049 7,049 7,049
Jan-01 7,049 7,049 7,049
Feb-01 7,049 7,049 7,049
Mar-01 7,049 7,049 7,049
Apr-01 7,270 7,270 7,270
May-01 7,049 7,049 7,049
Jun-01 7,270 7,270 7,270
Jul-01 7,050 7,050 7,050
Aug-01 7,271 7,271 7,271
Sep-01 7,271 7,271 7,271
Oct-01 7,050 7,050 7,050
Nov-01 7,271 7,271 7,271
Dec-01 7,050 7,050 7,050
Jan-02 7,050 7,050 7,050
- --------------------------------------------------------------------------------
Generated by Intex Trader 04/27/2000 11:25 AM
Information provided herein is believed by INTEX to be accurate; however INTEX
cannot guarantee accuracy.
<PAGE>
- --------------------------------------------------------------------------------
Investors should read the Underwriters' Statement which accompanies these
Computational Materials.
Prospective investors are advised to carefully read, and should rely solely on,
the final prospectus and prospectus supplement (collectively, the "Final
Prospectus") relating to the certificates referred to herein (the "Offered
Certificates") in making their investment decision. These Computational
Materials have been based upon the assumptions described above, which most
likely will not represent the actual experience of the Mortgage Pool in the
future. No representation is made herein as to the actual rate or timing of
principal payments or prepayments on any of the underlying Mortgage Loans in the
Mortgage Pool or the actual performance characteristics of the Offered
Certficates. Prior to making any investment decision, a prospective investor
should receive and fully review the Final Prospectus. NOTHING HEREIN SHOULD BE
CONSIDERED AN OFFER TO SELL OR SOLICITATION OF AN OFFER TO BUY ANY OFFERED
CERTIFICATES.
- --------------------------------------------------------------------------------
FUNB 00-C1, CLASS BBB-
- --------------------------------------------------------------------------------
Feb-02 7,050 7,050 7,050
Mar-02 7,051 7,051 7,051
Apr-02 7,272 7,272 7,272
May-02 7,050 7,050 7,050
Jun-02 7,272 7,272 7,272
Jul-02 7,051 7,051 7,051
Aug-02 7,272 7,272 7,272
Sep-02 7,272 7,272 7,272
Oct-02 7,051 7,051 7,051
Nov-02 7,272 7,272 7,272
Dec-02 7,051 7,051 7,051
Jan-03 7,050 7,050 7,050
Feb-03 7,050 7,050 7,050
Mar-03 7,051 7,051 7,053
Apr-03 7,275 7,275 7,275
May-03 7,050 7,050 7,050
Jun-03 7,275 7,275 7,275
Jul-03 7,051 7,051 7,051
Aug-03 7,275 7,275 7,275
Sep-03 7,275 7,275 7,275
Oct-03 7,051 7,051 7,051
Nov-03 7,275 7,275 7,275
Dec-03 7,051 7,051 7,051
Jan-04 7,276 7,276 7,276
Feb-04 7,052 7,052 7,052
Mar-04 7,052 7,052 7,052
Apr-04 7,276 7,276 7,276
May-04 7,052 7,052 7,052
Jun-04 7,276 7,276 7,276
Jul-04 7,052 7,052 7,052
Aug-04 7,277 7,277 7,277
Sep-04 7,277 7,277 7,277
Oct-04 7,052 7,053 7,053
Nov-04 7,277 7,277 7,277
Dec-04 7,053 7,053 7,053
Jan-05 7,053 7,053 7,053
Feb-05 7,053 7,053 7,053
Mar-05 7,054 7,055 7,056
Apr-05 7,278 7,278 7,278
May-05 7,053 7,053 7,053
Jun-05 7,278 7,278 7,278
Jul-05 7,054 7,054 7,054
- --------------------------------------------------------------------------------
Generated by Intex Trader 04/27/2000 11:25 AM
Information provided herein is believed by INTEX to be accurate; however INTEX
cannot guarantee accuracy.
<PAGE>
- --------------------------------------------------------------------------------
Investors should read the Underwriters' Statement which accompanies these
Computational Materials.
Prospective investors are advised to carefully read, and should rely solely on,
the final prospectus and prospectus supplement (collectively, the "Final
Prospectus") relating to the certificates referred to herein (the "Offered
Certificates") in making their investment decision. These Computational
Materials have been based upon the assumptions described above, which most
likely will not represent the actual experience of the Mortgage Pool in the
future. No representation is made herein as to the actual rate or timing of
principal payments or prepayments on any of the underlying Mortgage Loans in the
Mortgage Pool or the actual performance characteristics of the Offered
Certficates. Prior to making any investment decision, a prospective investor
should receive and fully review the Final Prospectus. NOTHING HEREIN SHOULD BE
CONSIDERED AN OFFER TO SELL OR SOLICITATION OF AN OFFER TO BUY ANY OFFERED
CERTIFICATES.
- --------------------------------------------------------------------------------
FUNB 00-C1, CLASS BBB-
- --------------------------------------------------------------------------------
Aug-05 7,279 7,279 7,279
Sep-05 7,279 7,279 7,279
Oct-05 7,054 7,054 7,054
Nov-05 7,279 7,279 7,279
Dec-05 7,054 7,054 7,054
Jan-06 7,055 7,055 7,055
Feb-06 7,055 7,055 7,055
Mar-06 7,055 7,056 7,057
Apr-06 7,280 7,280 7,280
May-06 7,055 7,055 7,055
Jun-06 7,280 7,280 7,280
Jul-06 7,056 7,056 7,056
Aug-06 7,281 7,281 7,281
Sep-06 7,281 7,281 7,281
Oct-06 7,056 7,056 7,056
Nov-06 7,281 7,281 7,281
Dec-06 7,056 7,056 7,056
Jan-07 7,056 7,056 7,056
Feb-07 7,056 7,056 7,056
Mar-07 7,057 7,058 7,059
Apr-07 7,281 7,281 7,281
May-07 7,056 7,056 7,056
Jun-07 7,281 7,281 7,281
Jul-07 7,057 7,057 7,057
Aug-07 7,282 7,282 7,282
Sep-07 7,282 7,282 7,282
Oct-07 7,057 7,057 7,057
Nov-07 7,282 7,282 7,282
Dec-07 7,057 7,057 7,057
Jan-08 7,283 7,283 7,283
Feb-08 7,057 7,057 7,057
Mar-08 7,058 7,058 7,058
Apr-08 7,283 7,283 7,283
May-08 7,057 7,080 7,080
Jun-08 7,283 7,306 7,306
Jul-08 7,081 7,081 7,081
Aug-08 7,308 7,308 7,308
Sep-08 7,308 7,308 7,308
Oct-08 7,081 7,081 7,081
Nov-08 7,307 7,307 7,307
Dec-08 7,081 7,081 7,081
Jan-09 7,081 7,081 7,081
- --------------------------------------------------------------------------------
Generated by Intex Trader 04/27/2000 11:25 AM
Information provided herein is believed by INTEX to be accurate; however INTEX
cannot guarantee accuracy.
<PAGE>
- --------------------------------------------------------------------------------
Investors should read the Underwriters' Statement which accompanies these
Computational Materials.
Prospective investors are advised to carefully read, and should rely solely on,
the final prospectus and prospectus supplement (collectively, the "Final
Prospectus") relating to the certificates referred to herein (the "Offered
Certificates") in making their investment decision. These Computational
Materials have been based upon the assumptions described above, which most
likely will not represent the actual experience of the Mortgage Pool in the
future. No representation is made herein as to the actual rate or timing of
principal payments or prepayments on any of the underlying Mortgage Loans in the
Mortgage Pool or the actual performance characteristics of the Offered
Certficates. Prior to making any investment decision, a prospective investor
should receive and fully review the Final Prospectus. NOTHING HEREIN SHOULD BE
CONSIDERED AN OFFER TO SELL OR SOLICITATION OF AN OFFER TO BUY ANY OFFERED
CERTIFICATES.
- --------------------------------------------------------------------------------
FUNB 00-C1, CLASS BBB-
- --------------------------------------------------------------------------------
Feb-09 7,081 7,081 7,081
Mar-09 7,082 7,083 7,084
Apr-09 7,308 7,308 7,308
May-09 7,081 7,081 7,081
Jun-09 7,308 7,309 7,309
Jul-09 7,082 7,083 7,083
Aug-09 7,310 7,314 7,314
Sep-09 7,310 7,320 7,319
Oct-09 7,082 7,090 7,090
Nov-09 7,313 7,320 7,320
Dec-09 7,083 7,179 7,178
Jan-10 7,097 7,069 7,070
Feb-10 7,186 6,975 6,976
Mar-10 7,490 7,341 7,344
Apr-10 147,875 6,933 6,934
May-10 17,269 6,781 6,781
Jun-10 66,634 6,932 6,932
Jul-10 16,944 6,786 6,786
Aug-10 15,949 6,938 6,938
Sep-10 15,951 6,938 6,938
Oct-10 16,948 6,786 6,786
Nov-10 15,954 6,938 6,938
Dec-10 48,001 6,785 6,785
Jan-11 15,645 6,788 6,788
Feb-11 15,648 6,788 6,788
Mar-11 18,957 6,790 6,790
Apr-11 15,755 6,941 6,941
May-11 16,756 6,788 6,788
Jun-11 71,091 6,941 6,941
Jul-11 16,397 6,793 6,793
Aug-11 334,845 6,947 6,947
Sep-11 11,703 6,977 6,977
Oct-11 12,758 6,816 6,816
Nov-11 11,707 6,976 6,976
Dec-11 43,096 6,815 6,815
Jan-12 11,506 6,980 6,980
Feb-12 11,483 745,419 6,818
Mar-12 13,649 15,379 6,745
Apr-12 139,718 14,253 6,782
May-12 12,974.11 6,649.93
Jun-12 64,151.82 6,780.23
Jul-12 140,754.32 6,657.37
- --------------------------------------------------------------------------------
Generated by Intex Trader 04/27/2000 11:25 AM
Information provided herein is believed by INTEX to be accurate; however INTEX
cannot guarantee accuracy.
<PAGE>
- --------------------------------------------------------------------------------
Investors should read the Underwriters' Statement which accompanies these
Computational Materials.
Prospective investors are advised to carefully read, and should rely solely on,
the final prospectus and prospectus supplement (collectively, the "Final
Prospectus") relating to the certificates referred to herein (the "Offered
Certificates") in making their investment decision. These Computational
Materials have been based upon the assumptions described above, which most
likely will not represent the actual experience of the Mortgage Pool in the
future. No representation is made herein as to the actual rate or timing of
principal payments or prepayments on any of the underlying Mortgage Loans in the
Mortgage Pool or the actual performance characteristics of the Offered
Certficates. Prior to making any investment decision, a prospective investor
should receive and fully review the Final Prospectus. NOTHING HEREIN SHOULD BE
CONSIDERED AN OFFER TO SELL OR SOLICITATION OF AN OFFER TO BUY ANY OFFERED
CERTIFICATES.
- --------------------------------------------------------------------------------
FUNB 00-C1, CLASS BBB-
- --------------------------------------------------------------------------------
Aug-12 10,671.01 6,770.47
Sep-12 10,618.40 6,770.06
Oct-12 11,049.35 6,640.87
Nov-12 10,512.88 6,769.18
Dec-12 6,512.15 6,640.05
Jan-13 6,643.79
Feb-13 6,643.43
Mar-13 6,645.08
Apr-13 6,772.10
May-13 6,642.31
Jun-13 6,771.31
Jul-13 6,650.21
Aug-13 6,780.96
Sep-13 6,780.57
Oct-13 6,649.08
Nov-13 6,779.77
Dec-13 6,648.31
Jan-14 6,658.03
Feb-14 6,657.66
Mar-14 6,659.41
Apr-14 6,789.90
May-14 6,656.45
Jun-14 6,789.07
Jul-14 6,659.78
Aug-14 6,793.22
Sep-14 6,792.80
Oct-14 6,658.51
Nov-14 400,716.18
Dec-14 130,729.58
Jan-15 75,715.69
Feb-15 7,190.67
Mar-15 7,153.04
Apr-15 7,106.54
May-15 7,064.75
Jun-15 7,022.24
Jul-15 6,999.80
Aug-15 6,957.48
Sep-15 6,915.55
Oct-15 6,873.87
Nov-15 6,226.64
Dec-15 40,829.46
Jan-16 5,838.18
- --------------------------------------------------------------------------------
Generated by Intex Trader 04/27/2000 11:25 AM
Information provided herein is believed by INTEX to be accurate; however INTEX
cannot guarantee accuracy.
<PAGE>
- --------------------------------------------------------------------------------
Investors should read the Underwriters' Statement which accompanies these
Computational Materials.
Prospective investors are advised to carefully read, and should rely solely on,
the final prospectus and prospectus supplement (collectively, the "Final
Prospectus") relating to the certificates referred to herein (the "Offered
Certificates") in making their investment decision. These Computational
Materials have been based upon the assumptions described above, which most
likely will not represent the actual experience of the Mortgage Pool in the
future. No representation is made herein as to the actual rate or timing of
principal payments or prepayments on any of the underlying Mortgage Loans in the
Mortgage Pool or the actual performance characteristics of the Offered
Certficates. Prior to making any investment decision, a prospective investor
should receive and fully review the Final Prospectus. NOTHING HEREIN SHOULD BE
CONSIDERED AN OFFER TO SELL OR SOLICITATION OF AN OFFER TO BUY ANY OFFERED
CERTIFICATES.
- --------------------------------------------------------------------------------
FUNB 00-C1, CLASS BBB-
- --------------------------------------------------------------------------------
Feb-16 5,675.89
Mar-16 5,650.58
Apr-16 5,625.32
May-16 5,600.13
Jun-16 336,727.14
- --------------------------------------------------------------------------------
Generated by Intex Trader 04/27/2000 11:25 AM
Information provided herein is believed by INTEX to be accurate; however INTEX
cannot guarantee accuracy.
<PAGE>
- --------------------------------------------------------------------------------
Investors should read the Underwriters' Statement which accompanies these
Computational Materials.
Prospective investors are advised to carefully read, and should rely solely on,
the final prospectus and prospectus supplement (collectively, the "Final
Prospectus") relating to the certificates referred to herein (the "Offered
Certificates") in making their investment decision. These Computational
Materials have been based upon the assumptions described above, which most
likely will not represent the actual experience of the Mortgage Pool in the
future. No representation is made herein as to the actual rate or timing of
principal payments or prepayments on any of the underlying Mortgage Loans in the
Mortgage Pool or the actual performance characteristics of the Offered
Certficates. Prior to making any investment decision, a prospective investor
should receive and fully review the Final Prospectus. NOTHING HEREIN SHOULD BE
CONSIDERED AN OFFER TO SELL OR SOLICITATION OF AN OFFER TO BUY ANY OFFERED
CERTIFICATES.
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
CF ON $1,000,000 BBB- INVESTMENT
[GRAPHICAL REPRESENTATION OF GRAPH]
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
CF ON $1,000,000 BBB- INVESTMENT
[GRAPHICAL REPRESENTATION OF GRAPH]
- --------------------------------------------------------------------------------
<PAGE>
- --------------------------------------------------------------------------------
Investors should read the Underwriters' Statement which accompanies these
Computational Materials.
Prospective investors are advised to carefully read, and should rely solely on,
the final prospectus and prospectus supplement (collectively, the "Final
Prospectus") relating to the certificates referred to herein (the "Offered
Certificates") in making their investment decision. These Computational
Materials have been based upon the assumptions described above, which most
likely will not represent the actual experience of the Mortgage Pool in the
future. No representation is made herein as to the actual rate or timing of
principal payments or prepayments on any of the underlying Mortgage Loans in the
Mortgage Pool or the actual performance characteristics of the Offered
Certficates. Prior to making any investment decision, a prospective investor
should receive and fully review the Final Prospectus. NOTHING HEREIN SHOULD BE
CONSIDERED AN OFFER TO SELL OR SOLICITATION OF AN OFFER TO BUY ANY OFFERED
CERTIFICATES.
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
CF ON $1,000,000 BBB- INVESTMENT
[GRAPHICAL REPRESENTATION OF GRAPH]
- --------------------------------------------------------------------------------
<PAGE>
FUNB 00-C1, Class IO--Price/Yield
<TABLE>
<CAPTION>
- ------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
CUSIP Face $783,097,303.54 Settle at Pricing
Coupon 0.976 Original Balance $783,097,303.54 Accrual begins 5/1/00
Delay 14 Current Balance $783,097,303.54 Factor Date N/A
Stated Maturity N/A Factor 1 -----------------------------
Type SEN WAC IO -------------------------------------------
- ------------------------------------------------------
</TABLE>
YIELD CURVE: Spread off interpolated node
3MO=5.82, 6MO=6.00, 1YR=6.03, 2YR=6.345, 5YR=6.254, 10YR=6.03, 30YR=5.88
- ------------------------------------------------------
100CPR; ym; Ext0mo
100% 0% rules;
0CDR,0% adv100%
Price lag12
Yield
- ------------------------------------------------------
4-31 11.2520
5-00 11.0985
5-01 10.9466
5-02 10.7961
5-03 10.6472
5-04 10.4998
5-05 10.3539
5-06 10.2093
5-07 10.0662
5-08 9.9245
5-09 9.7841
5-10 9.6451
5-11 9.5074
5-12 9.3710
5-13 9.2358
5-14 9.1020
5-15 8.9693
- ------------------------------------------------------
- ------------------------------------------------------
Spread @ Center Price 401.63
WAL 9.55550
Mod Durn 4.183
Mod Convexity 0.286
Principal Window Jun00 to Mar25
Maturity #mos 298
Accrued Interest 212,306.69
Total Collat Loss 0.00 (0.00%)
Prepay At 100 CPR
No prepays During any YM
Lockout and penalties Include penalty
Ext., if balloon None
Pay Exten Princ
Default At 0 CDR
Loss Severity 0
Servicer Advances 100% of P & I
Recovery Lag 12 mos
Optional Redemption Calls ASAP (N)
- ------------------------------------------------------
CMT_3MO 5.820
CMT_6MO 6.000
CMT_1YR 6.030
CMT_2YR 6.345
CMT_5YR 6.254
CMT_10YR 6.030
CMT_30YR 5.880
- ------------------------------------------------------
- --------------------------------------------------------------------------------
Investors should read the Underwriters' Statement which accompanies these
Computational Materials.
Prospective investors are advised to carefully read, and should rely solely on,
the final prospectus and prospectus supplement (collectively, the "Final
Prospectus") relating to the certificates referred to herein (the "Offered
Certificates") in making their investment decision. These Computational
Materials have been based upon the assumptions described above, which most
likely will not represent the actual experience of the Mortgage Pool in the
future. No representation is made herein as to the actual rate or timing of
principal payments or prepayments on any of the underlying Mortgage Loans in the
Mortgage Pool or the actual performance characteristics of the Offered
Certficates. Prior to making any investment decision, a prospective investor
should receive and fully review the Final Prospectus. NOTHING HEREIN SHOULD BE
CONSIDERED AN OFFER TO SELL OR SOLICITATION OF AN OFFER TO BUY ANY OFFERED
CERTIFICATES.
- --------------------------------------------------------------------------------
<PAGE>
- --------------------------------------------------------------------------------
Investors should read the Underwriters' Statement which accompanies these
Computational Materials.
Prospective investors are advised to carefully read, and should rely solely on,
the final prospectus and prospectus supplement (collectively, the "Final
Prospectus") relating to the certificates referred to herein (the "Offered
Certificates") in making their investment decision. These Computational
Materials have been based upon the assumptions described above, which most
likely will not represent the actual experience of the Mortgage Pool in the
future. No representation is made herein as to the actual rate or timing of
principal payments or prepayments on any of the underlying Mortgage Loans in the
Mortgage Pool or the actual performance characteristics of the Offered
Certficates. Prior to making any investment decision, a prospective investor
should receive and fully review the Final Prospectus. NOTHING HEREIN SHOULD BE
CONSIDERED AN OFFER TO SELL OR SOLICITATION OF AN OFFER TO BUY ANY OFFERED
CERTIFICATES.
- --------------------------------------------------------------------------------
FUNB 00-C1, Class IO
<TABLE>
<CAPTION>
- ------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
CUSIP Face $19,162,000.00 Settle at Pricing
Coupon 0.976 Original Balance $783,097,303.54 Accrual begins 5/1/00
Delay 14 Current Balance $783,097,303.54 Factor Date N/A
Stated Maturity N/A Factor 1 -----------------------------
Type SEN WAC IO -------------------------------------------
- ------------------------------------------------------
</TABLE>
YIELD CURVE: Spread off interpolated node
3MO=5.82, 6MO=6.00, 1YR=6.03, 2YR=6.345, 5YR=6.254, 10YR=6.03, 30YR=5.88
Optional Redemption: Y
cmt_3mo=5.82 cmt_6mo=6.00 cmt_1yr=6.03 cmt_2yr=6.345 cmt_5yr=6.254
cmt_10yr=6.03 cmt_30yr=5.88
100 CPR
after YM, 0
Period / Date CDR
Total Cashflow: 1,631,888
May-00 --
Jun-00 15,585
Jul-00 11,655
Aug-00 15,573
Sep-00 15,567
Oct-00 11,639
Nov-00 15,551
Dec-00 11,627
Jan-01 11,624
Feb-01 11,619
Mar-01 11,619
Apr-01 15,510
May-01 11,597
Jun-01 15,493
Jul-01 11,588
Aug-01 15,479
Sep-01 15,471
Oct-01 11,569
Nov-01 15,454
Dec-01 11,556
Jan-02 11,552
Feb-02 11,546
Mar-02 11,546
- --------------------------------------------------------------------------------
Generated by Intex Trader 05/01/2000 6:20 PM
Information provided herein is believed by INTEX to be accurate; however INTEX
cannot guarantee accuracy.
<PAGE>
- --------------------------------------------------------------------------------
Investors should read the Underwriters' Statement which accompanies these
Computational Materials.
Prospective investors are advised to carefully read, and should rely solely on,
the final prospectus and prospectus supplement (collectively, the "Final
Prospectus") relating to the certificates referred to herein (the "Offered
Certificates") in making their investment decision. These Computational
Materials have been based upon the assumptions described above, which most
likely will not represent the actual experience of the Mortgage Pool in the
future. No representation is made herein as to the actual rate or timing of
principal payments or prepayments on any of the underlying Mortgage Loans in the
Mortgage Pool or the actual performance characteristics of the Offered
Certficates. Prior to making any investment decision, a prospective investor
should receive and fully review the Final Prospectus. NOTHING HEREIN SHOULD BE
CONSIDERED AN OFFER TO SELL OR SOLICITATION OF AN OFFER TO BUY ANY OFFERED
CERTIFICATES.
- --------------------------------------------------------------------------------
FUNB 00-C1, Class IO
- --------------------------------------------------------------------------------
Apr-02 15,406
May-02 11,522
Jun-02 15,387
Jul-02 11,510
Aug-02 15,370
Sep-02 15,362
Oct-02 11,489
Nov-02 15,341
Dec-02 11,474
Jan-03 11,449
Feb-03 11,443
Mar-03 11,443
Apr-03 15,314
May-03 11,415
Jun-03 15,292
Jul-03 11,402
Aug-03 15,273
Sep-03 15,264
Oct-03 11,378
Nov-03 15,241
Dec-03 11,361
Jan-04 15,223
Feb-04 11,349
Mar-04 11,344
Apr-04 15,186
May-04 11,321
Jun-04 15,163
Jul-04 11,307
Aug-04 15,142
Sep-04 15,131
Oct-04 11,257
Nov-04 15,071
Dec-04 11,239
Jan-05 11,232
Feb-05 11,224
Mar-05 11,224
Apr-05 15,006
May-05 11,191
Jun-05 14,980
Jul-05 11,176
Aug-05 14,957
- --------------------------------------------------------------------------------
Generated by Intex Trader 05/01/2000 6:20 PM
Information provided herein is believed by INTEX to be accurate; however INTEX
cannot guarantee accuracy.
<PAGE>
- --------------------------------------------------------------------------------
Investors should read the Underwriters' Statement which accompanies these
Computational Materials.
Prospective investors are advised to carefully read, and should rely solely on,
the final prospectus and prospectus supplement (collectively, the "Final
Prospectus") relating to the certificates referred to herein (the "Offered
Certificates") in making their investment decision. These Computational
Materials have been based upon the assumptions described above, which most
likely will not represent the actual experience of the Mortgage Pool in the
future. No representation is made herein as to the actual rate or timing of
principal payments or prepayments on any of the underlying Mortgage Loans in the
Mortgage Pool or the actual performance characteristics of the Offered
Certficates. Prior to making any investment decision, a prospective investor
should receive and fully review the Final Prospectus. NOTHING HEREIN SHOULD BE
CONSIDERED AN OFFER TO SELL OR SOLICITATION OF AN OFFER TO BUY ANY OFFERED
CERTIFICATES.
- --------------------------------------------------------------------------------
FUNB 00-C1, Class IO
- --------------------------------------------------------------------------------
Sep-05 14,945
Oct-05 11,147
Nov-05 14,918
Dec-05 11,126
Jan-06 11,117
Feb-06 11,108
Mar-06 11,108
Apr-06 14,844
May-06 11,072
Jun-06 14,815
Jul-06 11,057
Aug-06 14,792
Sep-06 14,779
Oct-06 11,025
Nov-06 14,749
Dec-06 11,002
Jan-07 10,992
Feb-07 10,982
Mar-07 10,982
Apr-07 14,668
May-07 10,943
Jun-07 14,637
Jul-07 10,924
Aug-07 14,610
Sep-07 14,595
Oct-07 10,889
Nov-07 14,562
Dec-07 10,865
Jan-08 14,531
Feb-08 10,842
Mar-08 10,834
Apr-08 14,478
May-08 10,946
Jun-08 14,519
Jul-08 10,879
Aug-08 14,442
Sep-08 14,426
Oct-08 10,840
Nov-08 14,390
Dec-08 10,813
Jan-09 10,800
- --------------------------------------------------------------------------------
Generated by Intex Trader 05/01/2000 6:20 PM
Information provided herein is believed by INTEX to be accurate; however INTEX
cannot guarantee accuracy.
<PAGE>
- --------------------------------------------------------------------------------
Investors should read the Underwriters' Statement which accompanies these
Computational Materials.
Prospective investors are advised to carefully read, and should rely solely on,
the final prospectus and prospectus supplement (collectively, the "Final
Prospectus") relating to the certificates referred to herein (the "Offered
Certificates") in making their investment decision. These Computational
Materials have been based upon the assumptions described above, which most
likely will not represent the actual experience of the Mortgage Pool in the
future. No representation is made herein as to the actual rate or timing of
principal payments or prepayments on any of the underlying Mortgage Loans in the
Mortgage Pool or the actual performance characteristics of the Offered
Certficates. Prior to making any investment decision, a prospective investor
should receive and fully review the Final Prospectus. NOTHING HEREIN SHOULD BE
CONSIDERED AN OFFER TO SELL OR SOLICITATION OF AN OFFER TO BUY ANY OFFERED
CERTIFICATES.
- --------------------------------------------------------------------------------
FUNB 00-C1, Class IO
- --------------------------------------------------------------------------------
Feb-09 10,788
Mar-09 10,787
Apr-09 14,295
May-09 10,742
Jun-09 14,231
Jul-09 10,705
Aug-09 14,058
Sep-09 13,138
Oct-09 9,732
Nov-09 11,694
Dec-09 6,385
Jan-10 4,271
Feb-10 3,307
Mar-10 4,022
Apr-10 2,964
May-10 2,681
Jun-10 2,963
Jul-10 2,690
Aug-10 2,974
Sep-10 2,974
Oct-10 2,689
Nov-10 2,973
Dec-10 2,689
Jan-11 2,695
Feb-11 2,694
Mar-11 2,695
Apr-11 2,979
May-11 2,693
Jun-11 2,979
Jul-11 2,704
Aug-11 2,991
Sep-11 3,046
Oct-11 2,745
Nov-11 3,045
Dec-11 2,744
Jan-12 3,052
Feb-12 2,750
Mar-12 1,896
Apr-12 1,943
May-12 1,763
Jun-12 1,936
- --------------------------------------------------------------------------------
Generated by Intex Trader 05/01/2000 6:20 PM
Information provided herein is believed by INTEX to be accurate; however INTEX
cannot guarantee accuracy.
<PAGE>
- --------------------------------------------------------------------------------
Investors should read the Underwriters' Statement which accompanies these
Computational Materials.
Prospective investors are advised to carefully read, and should rely solely on,
the final prospectus and prospectus supplement (collectively, the "Final
Prospectus") relating to the certificates referred to herein (the "Offered
Certificates") in making their investment decision. These Computational
Materials have been based upon the assumptions described above, which most
likely will not represent the actual experience of the Mortgage Pool in the
future. No representation is made herein as to the actual rate or timing of
principal payments or prepayments on any of the underlying Mortgage Loans in the
Mortgage Pool or the actual performance characteristics of the Offered
Certficates. Prior to making any investment decision, a prospective investor
should receive and fully review the Final Prospectus. NOTHING HEREIN SHOULD BE
CONSIDERED AN OFFER TO SELL OR SOLICITATION OF AN OFFER TO BUY ANY OFFERED
CERTIFICATES.
- --------------------------------------------------------------------------------
FUNB 00-C1, Class IO
- --------------------------------------------------------------------------------
Jul-12 1,745
Aug-12 1,831
Sep-12 1,828
Oct-12 1,660
Nov-12 1,821
Dec-12 1,653
Jan-13 1,645
Feb-13 1,641
Mar-13 1,639
Apr-13 1,797
May-13 1,631
Jun-13 1,790
Jul-13 1,613
Aug-13 1,772
Sep-13 1,768
Oct-13 1,603
Nov-13 1,761
Dec-13 1,596
Jan-14 1,580
Feb-14 1,577
Mar-14 1,574
Apr-14 1,729
May-14 1,566
Jun-14 1,721
Jul-14 1,554
Aug-14 1,708
Sep-14 1,704
Oct-14 2,148
Nov-14 1,523
Dec-14 743
Jan-15 803
Feb-15 452
Mar-15 451
Apr-15 449
May-15 447
Jun-15 446
Jul-15 444
Aug-15 443
Sep-15 441
Oct-15 439
Nov-15 438
- --------------------------------------------------------------------------------
Generated by Intex Trader 05/01/2000 6:20 PM
Information provided herein is believed by INTEX to be accurate; however INTEX
cannot guarantee accuracy.
<PAGE>
- --------------------------------------------------------------------------------
Investors should read the Underwriters' Statement which accompanies these
Computational Materials.
Prospective investors are advised to carefully read, and should rely solely on,
the final prospectus and prospectus supplement (collectively, the "Final
Prospectus") relating to the certificates referred to herein (the "Offered
Certificates") in making their investment decision. These Computational
Materials have been based upon the assumptions described above, which most
likely will not represent the actual experience of the Mortgage Pool in the
future. No representation is made herein as to the actual rate or timing of
principal payments or prepayments on any of the underlying Mortgage Loans in the
Mortgage Pool or the actual performance characteristics of the Offered
Certficates. Prior to making any investment decision, a prospective investor
should receive and fully review the Final Prospectus. NOTHING HEREIN SHOULD BE
CONSIDERED AN OFFER TO SELL OR SOLICITATION OF AN OFFER TO BUY ANY OFFERED
CERTIFICATES.
- --------------------------------------------------------------------------------
FUNB 00-C1, Class IO
- --------------------------------------------------------------------------------
Dec-15 436
Jan-16 423
Feb-16 422
Mar-16 420
Apr-16 418
May-16 417
Jun-16 415
Jul-16 288
Aug-16 286
Sep-16 284
Oct-16 283
Nov-16 281
Dec-16 279
Jan-17 277
Feb-17 275
Mar-17 273
Apr-17 272
May-17 270
Jun-17 268
Jul-17 266
Aug-17 264
Sep-17 262
Oct-17 260
Nov-17 258
Dec-17 256
Jan-18 254
Feb-18 252
Mar-18 250
Apr-18 248
May-18 246
Jun-18 244
Jul-18 242
Aug-18 240
Sep-18 238
Oct-18 236
Nov-18 234
Dec-18 232
Jan-19 230
Feb-19 227
Mar-19 225
Apr-19 223
- --------------------------------------------------------------------------------
Generated by Intex Trader 05/01/2000 6:20 PM
Information provided herein is believed by INTEX to be accurate; however INTEX
cannot guarantee accuracy.
<PAGE>
- --------------------------------------------------------------------------------
Investors should read the Underwriters' Statement which accompanies these
Computational Materials.
Prospective investors are advised to carefully read, and should rely solely on,
the final prospectus and prospectus supplement (collectively, the "Final
Prospectus") relating to the certificates referred to herein (the "Offered
Certificates") in making their investment decision. These Computational
Materials have been based upon the assumptions described above, which most
likely will not represent the actual experience of the Mortgage Pool in the
future. No representation is made herein as to the actual rate or timing of
principal payments or prepayments on any of the underlying Mortgage Loans in the
Mortgage Pool or the actual performance characteristics of the Offered
Certficates. Prior to making any investment decision, a prospective investor
should receive and fully review the Final Prospectus. NOTHING HEREIN SHOULD BE
CONSIDERED AN OFFER TO SELL OR SOLICITATION OF AN OFFER TO BUY ANY OFFERED
CERTIFICATES.
- --------------------------------------------------------------------------------
FUNB 00-C1, Class IO
- --------------------------------------------------------------------------------
May-19 221
Jun-19 219
Jul-19 216
Aug-19 214
Sep-19 212
Oct-19 209
Nov-19 207
Dec-19 204
Jan-20 202
Feb-20 199
Mar-20 197
Apr-20 194
May-20 192
Jun-20 189
Jul-20 186
Aug-20 184
Sep-20 181
Oct-20 178
Nov-20 176
Dec-20 173
Jan-21 170
Feb-21 167
Mar-21 165
Apr-21 162
May-21 159
Jun-21 156
Jul-21 153
Aug-21 150
Sep-21 148
Oct-21 145
Nov-21 142
Dec-21 139
Jan-22 136
Feb-22 133
Mar-22 130
Apr-22 127
May-22 124
Jun-22 120
Jul-22 117
Aug-22 114
Sep-22 111
- --------------------------------------------------------------------------------
Generated by Intex Trader 05/01/2000 6:20 PM
Information provided herein is believed by INTEX to be accurate; however INTEX
cannot guarantee accuracy.
<PAGE>
- --------------------------------------------------------------------------------
Investors should read the Underwriters' Statement which accompanies these
Computational Materials.
Prospective investors are advised to carefully read, and should rely solely on,
the final prospectus and prospectus supplement (collectively, the "Final
Prospectus") relating to the certificates referred to herein (the "Offered
Certificates") in making their investment decision. These Computational
Materials have been based upon the assumptions described above, which most
likely will not represent the actual experience of the Mortgage Pool in the
future. No representation is made herein as to the actual rate or timing of
principal payments or prepayments on any of the underlying Mortgage Loans in the
Mortgage Pool or the actual performance characteristics of the Offered
Certficates. Prior to making any investment decision, a prospective investor
should receive and fully review the Final Prospectus. NOTHING HEREIN SHOULD BE
CONSIDERED AN OFFER TO SELL OR SOLICITATION OF AN OFFER TO BUY ANY OFFERED
CERTIFICATES.
- --------------------------------------------------------------------------------
FUNB 00-C1, Class IO
- --------------------------------------------------------------------------------
Oct-22 108
Nov-22 105
Dec-22 101
Jan-23 98
Feb-23 95
Mar-23 92
Apr-23 88
May-23 85
Jun-23 82
Jul-23 78
Aug-23 75
Sep-23 71
Oct-23 68
Nov-23 64
Dec-23 61
Jan-24 57
Feb-24 54
Mar-24 50
Apr-24 47
May-24 43
Jun-24 39
Jul-24 36
Aug-24 32
Sep-24 28
Oct-24 24
Nov-24 20
Dec-24 16
Jan-25 12
Feb-25 8
Mar-25 4
- --------------------------------------------------------------------------------
Generated by Intex Trader 05/01/2000 6:20 PM
Information provided herein is believed by INTEX to be accurate; however INTEX
cannot guarantee accuracy.
<PAGE>
- --------------------------------------------------------------------------------
Investors should read the Underwriters' Statement which accompanies these
Computational Materials.
Prospective investors are advised to carefully read, and should rely solely on,
the final prospectus and prospectus supplement (collectively, the "Final
Prospectus") relating to the certificates referred to herein (the "Offered
Certificates") in making their investment decision. These Computational
Materials have been based upon the assumptions described above, which most
likely will not represent the actual experience of the Mortgage Pool in the
future. No representation is made herein as to the actual rate or timing of
principal payments or prepayments on any of the underlying Mortgage Loans in the
Mortgage Pool or the actual performance characteristics of the Offered
Certficates. Prior to making any investment decision, a prospective investor
should receive and fully review the Final Prospectus. NOTHING HEREIN SHOULD BE
CONSIDERED AN OFFER TO SELL OR SOLICITATION OF AN OFFER TO BUY ANY OFFERED
CERTIFICATES.
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
CF ON $1,000,000 IO INVESTMENT
[GRAPHICAL REPRESENTATION OF GRAPH]
- --------------------------------------------------------------------------------
<PAGE>
<TABLE>
<CAPTION>
FUNB 00-C1, Class IO--Price/Yield
- ---------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
CUSIP Face $23,880,600.00 Settle at Pricing
Coupon 0.8054 Original Balance $776,325,806.24 Accrual begins 5/1/00
Delay 14 Current Balance $776,325,806.24 Factor Date N/A
Stated Maturity N/A Factor 1 --------------------------------------------
Type SEN WAC IO ------------------------------------------
- -------------------------------------
YIELD CURVE: Spread off interpolated node
3MO=5.82, 6MO=6.00, 1YR=6.03, 2YR=6.587, 5YR=6.49, 10YR=6.219, 30YR=5.993
- -------------------------------------------------------------------------------
</TABLE>
100CPR; ym;
Ext0mo 100% 100CPR; ym 100CPR; ym
0% rules; Ext0mo 100% 0% Ext0mo 100% 0%
0CDR,0% rules; 0 for 24 rules; 0 for 12
adv100% 2CDR,35% adv100% 4CDR,35% adv100%
Price lag12 lag12 lag12
Yield
- -------------------------------------------------------------------------------
3-30 11.7387 9.9166 6.2498
3-31 11.5470 9.7196 6.0430
4-00 11.3577 9.5251 5.8389
4-01 11.1709 9.3331 5.6372
4-02 10.9864 9.1436 5.4380
4-03 10.8043 8.9563 5.2413
4-04 10.6244 8.7714 5.0469
4-05 10.4467 8.5888 4.8549
4-06 10.2712 8.4084 4.6652
4-07 10.0978 8.2301 4.4777
4-08 9.9266 8.0540 4.2924
4-09 9.7573 7.8800 4.1092
4-10 9.5901 7.7080 3.9281
4-11 9.4248 7.5379 3.7491
4-12 9.2614 7.3699 3.5721
4-13 9.1000 7.2038 3.3971
4-14 8.9403 7.0395 3.2241
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
Spread @ Center Price 402.83 213.90 -163.98
WAL 9.55810 9.06970 8.41320
Mod Durn 4.256 4.139 3.936
Mod Convexity 0.298 0.279 0.247
Principal Window Jun00 to Mar25 Jun00 to Jun16 Jun00 to Jun16
Maturity #mos 298 193 193
Accrued Interest 5,342.91 5,342.91 5,342.91
Total Collat Loss 0.00 (0.00%) 34,908,301.66 (4.50%) 73,630,855.05 (9.48%)
Prepay At 100 CPR At 100 CPR At 100 CPR
No prepays During any YM During any YM During any YM
Lockout and penalties Include penalty Include penalty Include penalty
Ext., if balloon None None None
Pay Exten Princ
Default At 0 CDR At 0 for 24 2 CDR At 0 for 12 4 CDR
Loss Severity 0 0.35 0.35
Servicer Advances 100% of P & I 100% of P & I 100% of P & I
Recovery Lag 12 mos 12 mos 12 mos
Optional Redemption Calls ASAP (N) Calls ASAP (Y) Calls ASAP (Y)
- --------------------------------------------------------------------------------
CMT_3MO 5.820 5.820 5.820
CMT_6MO 6.000 6.000 6.000
CMT_1YR 6.030 6.030 6.030
CMT_2YR 6.587 6.587 6.587
CMT_5YR 6.490 6.490 6.490
CMT_10YR 6.219 6.219 6.219
CMT_30YR 5.993 5.993 5.993
- --------------------------------------------------------------------------------
Investors should read the Underwriters' Statement which accompanies these
Computational Materials.
Prospective investors are advised to carefully read, and should rely solely on,
the final prospectus and prospectus supplement (the "Final Prospectus") relating
to the certificates referred to herein (the "Offered Certificates") in making
their investment decision. These Computational Materials have been based upon
the assumptions described above, which most likely will not represent the actual
experience of the Mortgage Pool in the future. No representation is made herein
as to the actual rate or timing of principal payments or prepayments on any of
the underlying Mortgage Loans in the Mortgage Pool or the actual performance
characteristics of the Offered Certficates. Prior to making any investment
decision, a prospective investor should receive and fully review the Final
Prospectus. NOTHING HEREIN SHOULD BE CONSIDERED AN OFFER TO SELL OR SOLICITATION
OF AN OFFER TO BUY ANY OFFERED CERTIFICATES.
<PAGE>
- --------------------------------------------------------------------------------
Investors should read the Underwriters' Statement which accompanies these
Computational Materials.
Prospective investors are advised to carefully read, and should rely solely on,
the final prospectus and prospectus supplement (the "Final Prospectus") relating
to the certificates referred to herein (the "Offered Certificates") in making
their investment decision. These Computational Materials have been based upon
the assumptions described above, which most likely will not represent the actual
experience of the Mortgage Pool in the future. No representation is made herein
as to the actual rate or timing of principal payments or prepayments on any of
the underlying Mortgage Loans in the Mortgage Pool or the actual performance
characteristics of the Offered Certficates. Prior to making any investment
decision, a prospective investor should receive and fully review the Final
Prospectus. NOTHING HEREIN SHOULD BE CONSIDERED AN OFFER TO SELL OR SOLICITATION
OF AN OFFER TO BUY ANY OFFERED CERTIFICATES.
<TABLE>
<CAPTION>
- --------------------------------------------------------------------------------------------------------
FUNB 00-C1, Class IO
- --------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
CUSIP Face $23,880,600.00 Settle at Pricing
Coupon 0.8054 Original Balance $776,325,806.24 Accrual begins 5/1/2000
Delay 14 Current Balance $776,325,806.24 Factor Date N/A
Stated Maturity N/A Factor 1
Type SEN WAC IO WAL 8.4132 yrs
YIELD CURVE: Spread off interpolated node
3MO=5.82, 6MO=6.00, 1YR=6.03, 2YR=6.587, 5YR=6.49, 10YR=6.219, 30YR=5.993
Optional Redemption: Y
cmt_3mo=5.82 cmt_6mo=6.00 cmt_1yr=6.03 cmt_2yr=6.345 cmt_5yr=6.254 cmt_10yr=6.03 cmt_30yr=5.88
- ---------------------------------------------------------------------------------------------------------
</TABLE>
100 CPR after 100 CPR after
YM, 0 CDR for YM, 0 CDR for
24, 2 CDR 24, 4 CDR
0 CPR, 0 thereafter, 35 thereafter, 35
Period / Date CDR LS, 12 RD LS, 12 RD
- --------------------------------------------------------------------------------
Total Cashflow: 1,669,485 1,484,607 1,220,684
- --------------------------------------------------------------------------------
May-00 0 0 0
Jun-00 16,029 16,029 16,029
Jul-00 11,136 11,136 11,136
Aug-00 16,018 16,018 16,018
Sep-00 16,012 16,012 16,012
Oct-00 11,122 11,122 11,122
Nov-00 15,997 15,997 15,997
Dec-00 11,111 11,111 11,111
Jan-01 11,112 11,112 11,112
Feb-01 11,107 11,107 11,107
Mar-01 11,109 11,109 11,109
Apr-01 15,958 15,958 15,958
May-01 11,087 11,087 11,087
Jun-01 15,941 15,941 15,941
Jul-01 11,080 11,080 11,080
Aug-01 15,929 15,929 15,929
Sep-01 15,922 15,922 15,922
Oct-01 11,064 11,064 11,064
Nov-01 15,904 15,904 15,904
Dec-01 11,051 11,051 11,051
Jan-02 11,051 11,051 11,051
Feb-02 11,046 11,046 11,046
Mar-02 11,048 11,048 11,048
- --------------------------------------------------------------------------------
Generated by Intex Trader 4/28/2000 10:49 AM
Information provided herein is believed by INTEX to be accurate; however INTEX
cannot guarantee accuracy.
<PAGE>
- --------------------------------------------------------------------------------
Investors should read the Underwriters' Statement which accompanies these
Computational Materials.
Prospective investors are advised to carefully read, and should rely solely on,
the final prospectus and prospectus supplement (the "Final Prospectus") relating
to the certificates referred to herein (the "Offered Certificates") in making
their investment decision. These Computational Materials have been based upon
the assumptions described above, which most likely will not represent the actual
experience of the Mortgage Pool in the future. No representation is made herein
as to the actual rate or timing of principal payments or prepayments on any of
the underlying Mortgage Loans in the Mortgage Pool or the actual performance
characteristics of the Offered Certficates. Prior to making any investment
decision, a prospective investor should receive and fully review the Final
Prospectus. NOTHING HEREIN SHOULD BE CONSIDERED AN OFFER TO SELL OR SOLICITATION
OF AN OFFER TO BUY ANY OFFERED CERTIFICATES.
- --------------------------------------------------------------------------------
FUNB 00-C1, Class IO
- --------------------------------------------------------------------------------
Apr-02 15,859 15,859 15,859
May-02 11,023 11,023 11,023
Jun-02 15,840 15,840 15,840
Jul-02 11,015 11,015 10,944
Aug-02 15,825 15,825 15,649
Sep-02 15,817 15,817 15,553
Oct-02 10,996 10,996 10,714
Nov-02 15,797 15,797 15,359
Dec-02 10,982 10,982 10,560
Jan-03 10,956 10,956 10,465
Feb-03 10,950 10,950 10,390
Mar-03 10,952 10,952 10,372
Apr-03 15,779 15,779 14,913
May-03 10,924 10,924 10,160
Jun-03 15,757 15,757 14,722
Jul-03 10,915 10,880 10,015
Aug-03 15,740 15,653 14,538
Sep-03 15,731 15,601 14,445
Oct-03 10,893 10,754 9,794
Nov-03 15,708 15,492 14,258
Dec-03 10,877 10,669 9,646
Jan-04 15,693 15,392 14,079
Feb-04 10,870 10,593 9,507
Mar-04 10,866 10,564 9,454
Apr-04 15,656 15,227 13,800
May-04 10,845 10,466 9,288
Jun-04 15,632 15,119 13,616
Jul-04 10,835 10,388 9,150
Aug-04 15,614 15,017 13,440
Sep-04 15,604 14,965 13,351
Oct-04 10,791 10,244 8,918
Nov-04 15,544 14,823 13,138
Dec-04 10,774 10,160 8,776
Jan-05 10,771 10,125 8,711
Feb-05 10,764 10,084 8,642
Mar-05 10,766 10,077 8,625
Apr-05 15,482 14,556 12,694
May-05 10,733 9,955 8,429
Jun-05 15,455 14,448 12,517
Jul-05 10,723 9,880 8,298
Aug-05 15,436 14,348 12,349
Sep-05 15,425 14,296 12,269
Oct-05 10,696 9,756 8,105
Nov-05 15,397 14,188 12,108
- --------------------------------------------------------------------------------
Generated by Intex Trader 4/28/2000 10:49 AM
Information provided herein is believed by INTEX to be accurate; however INTEX
cannot guarantee accuracy.
<PAGE>
- --------------------------------------------------------------------------------
Investors should read the Underwriters' Statement which accompanies these
Computational Materials.
Prospective investors are advised to carefully read, and should rely solely on,
the final prospectus and prospectus supplement (the "Final Prospectus") relating
to the certificates referred to herein (the "Offered Certificates") in making
their investment decision. These Computational Materials have been based upon
the assumptions described above, which most likely will not represent the actual
experience of the Mortgage Pool in the future. No representation is made herein
as to the actual rate or timing of principal payments or prepayments on any of
the underlying Mortgage Loans in the Mortgage Pool or the actual performance
characteristics of the Offered Certficates. Prior to making any investment
decision, a prospective investor should receive and fully review the Final
Prospectus. NOTHING HEREIN SHOULD BE CONSIDERED AN OFFER TO SELL OR SOLICITATION
OF AN OFFER TO BUY ANY OFFERED CERTIFICATES.
- --------------------------------------------------------------------------------
FUNB 00-C1, Class IO
- --------------------------------------------------------------------------------
Dec-05 10,677 9,673 7,982
Jan-06 10,671 9,635 7,925
Feb-06 10,663 9,595 7,865
Mar-06 10,666 9,587 7,856
Apr-06 15,325 13,919 11,712
May-06 10,629 9,467 7,681
Jun-06 15,295 13,812 11,555
Jul-06 10,621 9,395 7,573
Aug-06 15,277 13,715 11,411
Sep-06 15,264 13,663 11,334
Oct-06 10,591 9,272 7,395
Nov-06 15,233 13,556 11,180
Dec-06 10,570 9,189 7,276
Jan-07 10,563 9,151 7,221
Feb-07 10,553 9,111 7,163
Mar-07 10,556 9,104 7,154
Apr-07 15,154 13,288 10,798
May-07 10,517 8,984 6,986
Jun-07 15,122 13,181 10,646
Jul-07 10,505 8,910 6,880
Aug-07 15,099 13,083 10,505
Sep-07 15,084 13,032 10,432
Oct-07 10,472 8,794 6,709
Nov-07 15,051 12,935 10,283
Dec-07 10,449 8,721 6,595
Jan-08 15,021 12,842 10,138
Feb-08 10,430 8,653 6,486
Mar-08 10,424 8,629 6,447
Apr-08 14,968 12,696 9,917
May-08 10,645 8,814 6,547
Jun-08 15,099 12,791 9,933
Jul-08 10,582 8,715 6,413
Aug-08 15,024 12,667 9,764
Sep-08 15,007 12,620 9,693
Oct-08 10,545 8,607 6,247
Nov-08 14,971 12,523 9,550
Dec-08 10,520 8,534 6,137
Jan-09 10,510 8,502 6,085
Feb-09 10,498 8,466 6,032
Mar-09 10,501 8,464 6,023
Apr-09 14,876 12,282 9,195
May-09 10,454 8,355 5,867
Jun-09 14,814 12,171 9,042
Jul-09 10,430 8,290 5,765
- --------------------------------------------------------------------------------
Generated by Intex Trader 4/28/2000 10:49 AM
Information provided herein is believed by INTEX to be accurate; however INTEX
cannot guarantee accuracy.
<PAGE>
- --------------------------------------------------------------------------------
Investors should read the Underwriters' Statement which accompanies these
Computational Materials.
Prospective investors are advised to carefully read, and should rely solely on,
the final prospectus and prospectus supplement (the "Final Prospectus") relating
to the certificates referred to herein (the "Offered Certificates") in making
their investment decision. These Computational Materials have been based upon
the assumptions described above, which most likely will not represent the actual
experience of the Mortgage Pool in the future. No representation is made herein
as to the actual rate or timing of principal payments or prepayments on any of
the underlying Mortgage Loans in the Mortgage Pool or the actual performance
characteristics of the Offered Certficates. Prior to making any investment
decision, a prospective investor should receive and fully review the Final
Prospectus. NOTHING HEREIN SHOULD BE CONSIDERED AN OFFER TO SELL OR SOLICITATION
OF AN OFFER TO BUY ANY OFFERED CERTIFICATES.
- --------------------------------------------------------------------------------
FUNB 00-C1, Class IO
- --------------------------------------------------------------------------------
Aug-09 14,663 11,972 8,816
Sep-09 13,780 11,164 8,107
Oct-09 9,615 7,495 5,027
Nov-09 12,355 9,851 6,950
Dec-09 6,928 5,085 2,952
Jan-10 4,804 3,222 1,394
Feb-10 3,889 2,391 672
Mar-10 4,975 3,005 989
Apr-10 3,695 2,147 383
May-10 3,343 1,937 327
Jun-10 3,694 2,138 369
Jul-10 3,354 1,939 321
Aug-10 3,708 2,142 363
Sep-10 3,707 2,139 359
Oct-10 3,353 1,933 311
Nov-10 3,707 2,135 350
Dec-10 3,352 1,929 305
Jan-11 3,359 1,931 302
Feb-11 3,359 1,929 299
Mar-11 3,360 1,928 296
Apr-11 3,714 2,128 331
May-11 3,358 1,922 289
Jun-11 3,713 2,124 323
Jul-11 3,371 1,926 284
Aug-11 3,729 2,128 316
Sep-11 3,798 2,166 321
Oct-11 3,422 1,950 279
Nov-11 3,797 2,161 314
Dec-11 3,421 1,946 273
Jan-12 3,805 2,162 309
Feb-12 3,428 1,946 268
Mar-12 2,384 1,847 252
Apr-12 2,444 1,894 256
May-12 2,217 1,720 230
Jun-12 2,435 1,890 251
Jul-12 2,195 1,727 228
Aug-12 2,303 1,874 245
Sep-12 2,299 1,873 243
Oct-12 2,088 1,702 219
Nov-12 2,290 1,869 239
Dec-12 2,080 1,699 216
Jan-13 2,069 1,703 215
Feb-13 2,065 1,698 213
Mar-13 2,062 1,694 212
- --------------------------------------------------------------------------------
Generated by Intex Trader 4/28/2000 10:49 AM
Information provided herein is believed by INTEX to be accurate; however INTEX
cannot guarantee accuracy.
<PAGE>
- --------------------------------------------------------------------------------
Investors should read the Underwriters' Statement which accompanies these
Computational Materials.
Prospective investors are advised to carefully read, and should rely solely on,
the final prospectus and prospectus supplement (the "Final Prospectus") relating
to the certificates referred to herein (the "Offered Certificates") in making
their investment decision. These Computational Materials have been based upon
the assumptions described above, which most likely will not represent the actual
experience of the Mortgage Pool in the future. No representation is made herein
as to the actual rate or timing of principal payments or prepayments on any of
the underlying Mortgage Loans in the Mortgage Pool or the actual performance
characteristics of the Offered Certficates. Prior to making any investment
decision, a prospective investor should receive and fully review the Final
Prospectus. NOTHING HEREIN SHOULD BE CONSIDERED AN OFFER TO SELL OR SOLICITATION
OF AN OFFER TO BUY ANY OFFERED CERTIFICATES.
- --------------------------------------------------------------------------------
FUNB 00-C1, Class IO
- --------------------------------------------------------------------------------
Apr-13 2,261 1,854 230
May-13 2,052 1,679 208
Jun-13 2,252 1,840 227
Jul-13 2,029 1,655 206
Aug-13 2,228 1,815 225
Sep-13 2,224 1,808 223
Oct-13 2,017 1,637 201
Nov-13 2,214 1,794 219
Dec-13 2,008 1,624 198
Jan-14 1,988 1,605 198
Feb-14 1,983 1,599 196
Mar-14 1,980 1,594 195
Apr-14 2,174 1,747 212
May-14 1,969 1,580 191
Jun-14 2,164 1,733 209
Jul-14 1,954 1,562 189
Aug-14 2,148 1,714 206
Sep-14 2,143 1,707 204
Oct-14 2,701 2,135 514
Nov-14 1,916 1,524 205
Dec-14 936 743 272
Jan-15 1,011 797 335
Feb-15 569 453 163
Mar-15 567 451 163
Apr-15 565 448 162
May-15 563 445 161
Jun-15 561 443 160
Jul-15 559 440 159
Aug-15 557 437 158
Sep-15 555 434 158
Oct-15 553 432 157
Nov-15 551 429 156
Dec-15 549 427 155
Jan-16 533 413 158
Feb-16 531 411 157
Mar-16 529 409 157
Apr-16 527 406 156
May-16 525 404 155
Jun-16 522 402 155
Jul-16 362
Aug-16 360
Sep-16 357
Oct-16 355
Nov-16 353
- --------------------------------------------------------------------------------
Generated by Intex Trader 4/28/2000 10:49 AM
Information provided herein is believed by INTEX to be accurate; however INTEX
cannot guarantee accuracy.
<PAGE>
- --------------------------------------------------------------------------------
Investors should read the Underwriters' Statement which accompanies these
Computational Materials.
Prospective investors are advised to carefully read, and should rely solely on,
the final prospectus and prospectus supplement (the "Final Prospectus") relating
to the certificates referred to herein (the "Offered Certificates") in making
their investment decision. These Computational Materials have been based upon
the assumptions described above, which most likely will not represent the actual
experience of the Mortgage Pool in the future. No representation is made herein
as to the actual rate or timing of principal payments or prepayments on any of
the underlying Mortgage Loans in the Mortgage Pool or the actual performance
characteristics of the Offered Certficates. Prior to making any investment
decision, a prospective investor should receive and fully review the Final
Prospectus. NOTHING HEREIN SHOULD BE CONSIDERED AN OFFER TO SELL OR SOLICITATION
OF AN OFFER TO BUY ANY OFFERED CERTIFICATES.
- --------------------------------------------------------------------------------
FUNB 00-C1, Class IO
- --------------------------------------------------------------------------------
Dec-16 351
Jan-17 348
Feb-17 346
Mar-17 344
Apr-17 341
May-17 339
Jun-17 337
Jul-17 334
Aug-17 332
Sep-17 330
Oct-17 327
Nov-17 325
Dec-17 322
Jan-18 320
Feb-18 317
Mar-18 315
Apr-18 312
May-18 310
Jun-18 307
Jul-18 304
Aug-18 302
Sep-18 299
Oct-18 297
Nov-18 294
Dec-18 291
Jan-19 289
Feb-19 286
Mar-19 283
Apr-19 280
May-19 278
Jun-19 275
Jul-19 272
Aug-19 269
Sep-19 266
Oct-19 263
Nov-19 260
Dec-19 257
Jan-20 254
Feb-20 251
Mar-20 247
Apr-20 244
May-20 241
Jun-20 238
Jul-20 234
- --------------------------------------------------------------------------------
Generated by Intex Trader 4/28/2000 10:49 AM
Information provided herein is believed by INTEX to be accurate; however INTEX
cannot guarantee accuracy.
<PAGE>
- --------------------------------------------------------------------------------
Investors should read the Underwriters' Statement which accompanies these
Computational Materials.
Prospective investors are advised to carefully read, and should rely solely on,
the final prospectus and prospectus supplement (the "Final Prospectus") relating
to the certificates referred to herein (the "Offered Certificates") in making
their investment decision. These Computational Materials have been based upon
the assumptions described above, which most likely will not represent the actual
experience of the Mortgage Pool in the future. No representation is made herein
as to the actual rate or timing of principal payments or prepayments on any of
the underlying Mortgage Loans in the Mortgage Pool or the actual performance
characteristics of the Offered Certficates. Prior to making any investment
decision, a prospective investor should receive and fully review the Final
Prospectus. NOTHING HEREIN SHOULD BE CONSIDERED AN OFFER TO SELL OR SOLICITATION
OF AN OFFER TO BUY ANY OFFERED CERTIFICATES.
- --------------------------------------------------------------------------------
FUNB 00-C1, Class IO
- --------------------------------------------------------------------------------
Aug-20 231
Sep-20 228
Oct-20 224
Nov-20 221
Dec-20 217
Jan-21 214
Feb-21 210
Mar-21 207
Apr-21 203
May-21 200
Jun-21 196
Jul-21 193
Aug-21 189
Sep-21 185
Oct-21 182
Nov-21 178
Dec-21 174
Jan-22 171
Feb-22 167
Mar-22 163
Apr-22 159
May-22 155
Jun-22 151
Jul-22 148
Aug-22 144
Sep-22 140
Oct-22 136
Nov-22 132
Dec-22 128
Jan-23 123
Feb-23 119
Mar-23 115
Apr-23 111
May-23 107
Jun-23 103
Jul-23 98
Aug-23 94
Sep-23 90
Oct-23 85
Nov-23 81
Dec-23 77
Jan-24 72
Feb-24 68
Mar-24 63
- --------------------------------------------------------------------------------
Generated by Intex Trader 4/28/2000 10:49 AM
Information provided herein is believed by INTEX to be accurate; however INTEX
cannot guarantee accuracy.
<PAGE>
- --------------------------------------------------------------------------------
Investors should read the Underwriters' Statement which accompanies these
Computational Materials.
Prospective investors are advised to carefully read, and should rely solely on,
the final prospectus and prospectus supplement (the "Final Prospectus") relating
to the certificates referred to herein (the "Offered Certificates") in making
their investment decision. These Computational Materials have been based upon
the assumptions described above, which most likely will not represent the actual
experience of the Mortgage Pool in the future. No representation is made herein
as to the actual rate or timing of principal payments or prepayments on any of
the underlying Mortgage Loans in the Mortgage Pool or the actual performance
characteristics of the Offered Certficates. Prior to making any investment
decision, a prospective investor should receive and fully review the Final
Prospectus. NOTHING HEREIN SHOULD BE CONSIDERED AN OFFER TO SELL OR SOLICITATION
OF AN OFFER TO BUY ANY OFFERED CERTIFICATES.
- --------------------------------------------------------------------------------
FUNB 00-C1, Class IO
- --------------------------------------------------------------------------------
Apr-24 59
May-24 54
Jun-24 49
Jul-24 45
Aug-24 40
Sep-24 35
Oct-24 31
Nov-24 26
Dec-24 20
Jan-25 15
Feb-25 10
Mar-25 5
- --------------------------------------------------------------------------------
Generated by Intex Trader 4/28/2000 10:49 AM
Information provided herein is believed by INTEX to be accurate; however INTEX
cannot guarantee accuracy.
<PAGE>
- --------------------------------------------------------------------------------
Investors should read the Underwriters' Statement which accompanies these
Computational Materials.
Prospective investors are advised to carefully read, and should rely solely on,
the final prospectus and prospectus supplement (the "Final Prospectus") relating
to the certificates referred to herein (the "Offered Certificates") in making
their investment decision. These Computational Materials have been based upon
the assumptions described above, which most likely will not represent the actual
experience of the Mortgage Pool in the future. No representation is made herein
as to the actual rate or timing of principal payments or prepayments on any of
the underlying Mortgage Loans in the Mortgage Pool or the actual performance
characteristics of the Offered Certficates. Prior to making any investment
decision, a prospective investor should receive and fully review the Final
Prospectus. NOTHING HEREIN SHOULD BE CONSIDERED AN OFFER TO SELL OR SOLICITATION
OF AN OFFER TO BUY ANY OFFERED CERTIFICATES.
- --------------------------------------------------------------------------------
CF ON $1,000,000 IO INVESTMENT
[REPRESENTATION OF GRAPH GOES HERE]
- --------------------------------------------------------------------------------
CF ON $1,000,000 IO INVESTMENT
[REPRESENTATION OF GRAPH GOES HERE]
- --------------------------------------------------------------------------------
<PAGE>
- --------------------------------------------------------------------------------
Investors should read the Underwriters' Statement which accompanies these
Computational Materials.
Prospective investors are advised to carefully read, and should rely solely on,
the final prospectus and prospectus supplement (the "Final Prospectus") relating
to the certificates referred to herein (the "Offered Certificates") in making
their investment decision. These Computational Materials have been based upon
the assumptions described above, which most likely will not represent the actual
experience of the Mortgage Pool in the future. No representation is made herein
as to the actual rate or timing of principal payments or prepayments on any of
the underlying Mortgage Loans in the Mortgage Pool or the actual performance
characteristics of the Offered Certficates. Prior to making any investment
decision, a prospective investor should receive and fully review the Final
Prospectus. NOTHING HEREIN SHOULD BE CONSIDERED AN OFFER TO SELL OR SOLICITATION
OF AN OFFER TO BUY ANY OFFERED CERTIFICATES.
- --------------------------------------------------------------------------------
CF ON $1,000,000 IO INVESTMENT
[REPRESENTATION OF GRAPH GOES HERE]
- --------------------------------------------------------------------------------
