UNDERWRITERS' STATEMENT
COMPUTATIONAL MATERIALS
FIRST UNION NATIONAL BANK-COMMERCIAL MORTGAGE PASS THROUGH CERTIFICATES
SERIES 2000-C2
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and will be superseded by the applicable prospectus supplement and by any other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>
<TABLE>
<CAPTION>
FU00C2_082100, CLASS IO--PRICE/YIELD
--------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
CUSIP Face $1,142,819,332 Settle at Pricing
Coupon 1.2008 Original Balance $1,142,819,332 Accrual begins 11/1/00
Delay 14 Current Balance $1,142,819,332 Factor Date N/A
Stated Maturity N/A Factor 1 ----------------------------------
Type SEN WAC IO -------------------------------------
---------------------------------------
YIELD CURVE: Spread off interpolated node
3MO=6.36, 6mo=6.07, 1YR=6.16, 2YR=5.89, 5YR=5.672, 10YR=5.687, 30YR=5.76
<CAPTION>
------------------------------------------------------------------------------------------------------------------------------------
PRICE 0 CPR 10 CPR 15 CPR 25 CPR 50 CPR 100 CPR
Yield
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
7-17 10.29851 10.30239 10.30350 10.30227 10.28448 9.97119
7-17+ 10.24402 10.24760 10.24857 10.24711 10.22885 9.91427
7-18 10.18971 10.19298 10.19383 10.19213 10.17342 9.85754
7-18+ 10.13558 10.13854 10.13926 10.13732 10.11816 9.80099
7-19 10.08162 10.08429 10.08487 10.08270 10.06308 9.74463
7-19+ 10.02783 10.03020 10.03065 10.02826 10.00818 9.68845
7-20 9.97422 9.97629 9.97662 9.97399 9.95346 9.63246
7-20+ 9.92078 9.92256 9.92275 9.91989 9.89891 9.57664
7-21 9.86752 9.86900 9.86906 9.86597 9.84454 9.52101
7-21+ 9.81442 9.81561 9.81554 9.81223 9.79035 9.46556
7-22 9.76150 9.76239 9.76220 9.75865 9.73633 9.41029
7-22+ 9.70874 9.70934 9.70902 9.70525 9.68249 9.35519
7-23 9.65615 9.65646 9.65601 9.65202 9.62881 9.30027
7-23+ 9.60373 9.60375 9.60317 9.59896 9.57531 9.24553
7-24 9.55148 9.55120 9.55050 9.54606 9.52197 9.19096
7-24+ 9.49939 9.49883 9.49800 9.49333 9.46881 9.13657
7-25 9.44746 9.44661 9.44566 9.44077 9.41581 9.08235
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
Spread @ Center Price 418.33 418.51 418.53 418.24 416.13 383.86
WAL 9.06810 8.96820 8.92800 8.86240 8.75260 8.46530
Mod Durn 3.791 3.770 3.761 3.745 3.714 3.630
Mod Convexity 0.229 0.227 0.226 0.224 0.221 0.212
Principal Window Dec00 to Sep12 Dec00 to Sep12 Dec00 to Sep12 Dec00 to Sep12 Dec00 to Sep12 Dec00 to Jul12
Maturity #mos 142 142 142 142 142 140
Accrued Interest 1,067,324.28 1,067,324.28 1,067,324.28 1,067,324.28 1,067,324.28 1,067,324.28
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 0.35 0.35 0.35 0.35 0.35 0.35
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
Liquidation Lag 12 mos(100%) 12 mos(100%) 12 mos(100%) 12 mos(100%) 12 mos(100%) 12 mos(100%)
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
Optional Redemption Calls ASAP (N) Calls ASAP (N) Calls ASAP (N) Calls ASAP (N) Calls ASAP (N) Calls ASAP (N)
CMT_3MO 6.360 6.360 6.360 6.360 6.360 6.360
CMT_6MO 6.070 6.070 6.070 6.070 6.070 6.070
CMT_1YR 6.100 6.100 6.100 6.100 6.100 6.100
CMT_2YR 5.890 5.890 5.890 5.890 5.890 5.890
CMT_5YR 5.672 5.672 5.672 5.672 5.672 5.672
CMT_10YR 5.687 5.687 5.687 5.687 5.687 5.687
------------------------------------------------------------------------------------------------------------------------------------
CMT_30YR 5.76 5.76 5.76 5.76 5.76 5.76
------------------------------------------------------------------------------------------------------------------------------------
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.
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
FU00C2_082100, CLASS IO--PRICE/YIELD
--------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
CUSIP Face $1,142,819,332 Settle at Pricing
Coupon 1.2008 Original Balance $1,142,819,332 Accrual begins 11/1/00
Delay 14 Current Balance $1,142,819,332 Factor Date N/A
Stated Maturity N/A Factor 1 ----------------------------------
Type SEN WAC IO -------------------------------------
---------------------------------------
YIELD CURVE: Spread off interpolated node
3MO=6.36, 6mo=6.07, 1YR=6.16, 2YR=5.89, 5YR=5.672, 10YR=5.687, 30YR=5.76
<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>
7-17 10.29851 10.27594 10.26509 10.24395 10.19153 9.79757
7-17+ 10.24402 10.22142 10.21055 10.18939 10.13690 9.74240
7-18 10.18971 10.16708 10.15620 10.13501 10.08245 9.68741
7-18+ 10.13558 10.11291 10.10202 10.08080 10.02818 9.63260
7-19 10.08162 10.05892 10.04802 10.02677 9.97408 9.57796
7-19+ 10.02783 10.00511 9.99419 9.97292 9.92016 9.52350
7-20 9.97422 9.95147 9.94054 9.91924 9.86641 9.46922
7-20+ 9.92078 9.89800 9.88706 9.86573 9.81284 9.41511
7-21 9.86752 9.84471 9.83375 9.81240 9.75943 9.36118
7-21+ 9.81442 9.79159 9.78061 9.75923 9.70620 9.30742
7-22 9.76150 9.73863 9.72765 9.70624 9.65314 9.25383
7-22+ 9.70874 9.68585 9.67485 9.65342 9.60025 9.20041
7-23 9.65615 9.63323 9.62222 9.60076 9.54753 9.14716
7-23+ 9.60373 9.58078 9.56976 9.54827 9.49498 9.09407
7-24 9.55148 9.52850 9.51746 9.49595 9.44259 9.04116
7-24+ 9.49939 9.47638 9.46533 9.44379 9.39036 8.98841
7-25 9.44746 9.42443 9.41336 9.39180 9.33831 8.93583
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
Spread @ Center Price 418.33 416.05 414.96 412.83 407.54 367.77
WAL 9.06810 9.05730 9.05210 9.04180 9.01590 8.81600
Mod Durn 3.791 3.789 3.788 3.786 3.782 3.744
Mod Convexity 0.229 0.229 0.229 0.229 0.228 0.223
Principal Window Dec00 to Sep12 Dec00 to Sep12 Dec00 to Sep12 Dec00 to Sep12 Dec00 to Sep12 Dec00 to Jul12
Maturity #mos 142 142 142 142 142 140
Accrued Interest 1,067,324.28 1,067,324.28 1,067,324.28 1,067,324.28 1,067,324.28 1,067,324.28
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 0.35 0.35 0.35 0.35 0.35 0.35
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
Liquidation Lag 12 mos(100%) 12 mos(100%) 12 mos(100%) 12 mos(100%) 12 mos(100%) 12 mos(100%)
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
Optional Redemption Calls ASAP (N) Calls ASAP (N) Calls ASAP (N) Calls ASAP (N) Calls ASAP (N) Calls ASAP (N)
CMT_3MO 6.360 6.360 6.360 6.360 6.360 6.360
CMT_6MO 6.070 6.070 6.070 6.070 6.070 6.070
CMT_1YR 6.100 6.100 6.100 6.100 6.100 6.100
CMT_2YR 5.890 5.890 5.890 5.890 5.890 5.890
CMT_5YR 5.672 5.672 5.672 5.672 5.672 5.672
CMT_10YR 5.687 5.687 5.687 5.687 5.687 5.687
------------------------------------------------------------------------------------------------------------------------------------
CMT_30YR 5.76 5.76 5.76 5.76 5.76 5.76
------------------------------------------------------------------------------------------------------------------------------------
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.
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
UNDERWRITERS' STATEMENT
COMPUTATIONAL MATERIALS
FIRST UNION NATIONAL BANK-COMMERCIAL MORTGAGE PASS THROUGH CERTIFICATES
SERIES 2000-C2
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>
<TABLE>
<CAPTION>
FU00C2_082100, CLASS AAA_1--PRICE/YIELD
------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
CUSIP Face $187,400,000.00 Settle at Pricing
Coupon 6.94 Original Balance $187,400,000.00 Accrual begins 11/1/00
Delay 14 Current Balance $187,400,000.00 Factor Date N/A
Stated Maturity N/A Factor 1 ----------------------------------
Type SEN FIX -------------------------------------
-------------------------------------
YIELD CURVE: Spread off interpolated node
3MO=6.36, 6mo=6.07, 1YR=6.16, 2YR=5.89, 5YR=5.672, 10YR=5.687, 30YR=5.76
<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>
99-24 7.03653 7.03682 7.03695 7.03718 7.03759 7.03795
99-25 7.02946 7.02973 7.02985 7.03006 7.03043 7.03064
99-26 7.02241 7.02265 7.02276 7.02294 7.02327 7.02334
99-27 7.01535 7.01557 7.01566 7.01583 7.01612 7.01604
99-28 7.00830 7.00849 7.00857 7.00872 7.00897 7.00875
99-29 7.00125 7.00141 7.00148 7.00161 7.00183 7.00146
99-30 6.99420 6.99434 6.99440 6.99451 6.99468 6.99417
99-31 6.98716 6.98727 6.98732 6.98740 6.98755 6.98688
100-00 6.98011 6.98020 6.98024 6.98031 6.98041 6.97960
100-01 6.97308 6.97314 6.97317 6.97321 6.97328 6.97232
100-02 6.96604 6.96608 6.96610 6.96612 6.96615 6.96505
100-03 6.95901 6.95902 6.95903 6.95903 6.95902 6.95778
100-04 6.95198 6.95197 6.95196 6.95195 6.95190 6.95051
100-05 6.94496 6.94491 6.94490 6.94487 6.94478 6.94324
100-06 6.93794 6.93787 6.93784 6.93779 6.93766 6.93598
100-07 6.93092 6.93082 6.93079 6.93071 6.93055 6.92872
100-08 6.92390 6.92378 6.92374 6.92364 6.92344 6.92146
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
Spread @ Center Price 130.60 130.62 130.63 130.64 130.66 130.62
WAL 5.70320 5.67370 5.66150 5.63950 5.59840 5.45910
Mod Durn 4.416 4.399 4.393 4.380 4.357 4.269
Mod Convexity 0.281 0.278 0.277 0.275 0.272 0.261
Principal Window Dec00 to Apr10 Dec00 to Jan10 Dec00 to Jan10 Dec00 to Dec09 Dec00 to Oct09 Dec00 to Jul09
Maturity #mos 113 110 110 109 107 104
Accrued Interest 1,011,543.56 1,011,543.56 1,011,543.56 1,011,543.56 1,011,543.56 1,011,543.56
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 0.35 0.35 0.35 0.35 0.35 0.35
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
Liquidation Lag 12 mos(100%) 12 mos(100%) 12 mos(100%) 12 mos(100%) 12 mos(100%) 12 mos(100%)
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
Optional Redemption Calls ASAP (N) Calls ASAP (N) Calls ASAP (N) Calls ASAP (N) Calls ASAP (N) Calls ASAP (N)
CMT_3MO 6.360 6.360 6.360 6.360 6.360 6.360
CMT_6MO 6.070 6.070 6.070 6.070 6.070 6.070
CMT_1YR 6.100 6.100 6.100 6.100 6.100 6.100
CMT_2YR 5.890 5.890 5.890 5.890 5.890 5.890
CMT_5YR 5.672 5.672 5.672 5.672 5.672 5.672
CMT_10YR 5.687 5.687 5.687 5.687 5.687 5.687
------------------------------------------------------------------------------------------------------------------------------------
CMT_30YR 5.76 5.76 5.76 5.76 5.76 5.76
------------------------------------------------------------------------------------------------------------------------------------
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.
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
FU00C2_082100, CLASS AAA_2--PRICE/YIELD
------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
CUSIP Face $686,856,000.00 Settle at Pricing
Coupon 7.202 Original Balance $686,856,000.00 Accrual begins 11/1/00
Delay 14 Current Balance $686,856,000.00 Factor Date N/A
Stated Maturity N/A Factor 1 ----------------------------------
Type JUN FIX -------------------------------------
-------------------------------------
YIELD CURVE: Spread off interpolated node
3MO=6.36, 6mo=6.07, 1YR=6.16, 2YR=5.89, 5YR=5.672, 10YR=5.687, 30YR=5.76
<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 7.23223 7.23218 7.23215 7.23209 7.23192 7.23053
100-09 7.22761 7.22756 7.22753 7.22747 7.22728 7.22581
100-10 7.22299 7.22294 7.22291 7.22284 7.22264 7.22109
100-11 7.21838 7.21832 7.21829 7.21822 7.21801 7.21638
100-12 7.21376 7.21370 7.21367 7.21360 7.21338 7.21166
100-13 7.20915 7.20909 7.20905 7.20897 7.20875 7.20695
100-14 7.20454 7.20447 7.20444 7.20436 7.20412 7.20224
100-15 7.19993 7.19986 7.19982 7.19974 7.19949 7.19754
100-16 7.19533 7.19525 7.19521 7.19513 7.19487 7.19283
100-17 7.19072 7.19065 7.19060 7.19051 7.19024 7.18813
100-18 7.18612 7.18604 7.18600 7.18590 7.18562 7.18342
100-19 7.18152 7.18144 7.18139 7.18129 7.18100 7.17872
100-20 7.17692 7.17683 7.17679 7.17669 7.17638 7.17403
100-21 7.17232 7.17223 7.17218 7.17208 7.17177 7.16933
100-22 7.16773 7.16764 7.16758 7.16748 7.16715 7.16464
100-23 7.16314 7.16304 7.16299 7.16287 7.16254 7.15994
100-24 7.15855 7.15845 7.15839 7.15827 7.15793 7.15525
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
Spread @ Center Price 150.95 150.94 150.94 150.94 150.92 150.79
WAL 9.61250 9.60290 9.59770 9.58690 9.55600 9.32460
Mod Durn 6.715 6.710 6.707 6.702 6.687 6.573
Mod Convexity 0.585 0.584 0.583 0.582 0.579 0.558
Principal Window Apr10 to Sep10 Jan10 to Sep10 Jan10 to Sep10 Dec09 to Sep10 Oct09 to Sep10 Jul09 to Jul10
Maturity #mos 118 118 118 118 118 116
Accrued Interest 3,847,462.04 3,847,462.04 3,847,462.04 3,847,462.04 3,847,462.04 3,847,462.04
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 0.35 0.35 0.35 0.35 0.35 0.35
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
Liquidation Lag 12 mos(100%) 12 mos(100%) 12 mos(100%) 12 mos(100%) 12 mos(100%) 12 mos(100%)
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
Optional Redemption Calls ASAP (N) Calls ASAP (N) Calls ASAP (N) Calls ASAP (N) Calls ASAP (N) Calls ASAP (N)
CMT_3MO 6.360 6.360 6.360 6.360 6.360 6.360
CMT_6MO 6.070 6.070 6.070 6.070 6.070 6.070
CMT_1YR 6.100 6.100 6.100 6.100 6.100 6.100
CMT_2YR 5.890 5.890 5.890 5.890 5.890 5.890
CMT_5YR 5.672 5.672 5.672 5.672 5.672 5.672
CMT_10YR 5.687 5.687 5.687 5.687 5.687 5.687
------------------------------------------------------------------------------------------------------------------------------------
CMT_30YR 5.76 5.76 5.76 5.76 5.76 5.76
------------------------------------------------------------------------------------------------------------------------------------
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.
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
FU00C2_082100, CLASS AA--PRICE/YIELD
------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
CUSIP Face $55,713,000.00 Settle at Pricing
Coupon 7.281 Original Balance $55,713,000.00 Accrual begins 11/1/00
Delay 14 Current Balance $55,713,000.00 Factor Date N/A
Stated Maturity N/A Factor 1 ----------------------------------
Type JUN FIX CAP -------------------------------------
-------------------------------------
YIELD CURVE: Spread off interpolated node
3MO=6.36, 6mo=6.07, 1YR=6.16, 2YR=5.89, 5YR=5.672, 10YR=5.687, 30YR=5.76
<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>
99-24 7.38739 7.38739 7.38739 7.38739 7.38739 7.38733
99-25 7.38278 7.38278 7.38278 7.38278 7.38278 7.38267
99-26 7.37818 7.37818 7.37818 7.37818 7.37818 7.37801
99-27 7.37357 7.37357 7.37357 7.37357 7.37357 7.37335
99-28 7.36897 7.36897 7.36897 7.36897 7.36897 7.36870
99-29 7.36437 7.36437 7.36437 7.36437 7.36437 7.36404
99-30 7.35978 7.35978 7.35978 7.35978 7.35978 7.35939
99-31 7.35518 7.35518 7.35518 7.35518 7.35518 7.35474
100-00 7.35059 7.35059 7.35059 7.35059 7.35059 7.35009
100-01 7.34600 7.34600 7.34600 7.34600 7.34600 7.34545
100-02 7.34141 7.34141 7.34141 7.34141 7.34141 7.34080
100-03 7.33682 7.33682 7.33682 7.33682 7.33682 7.33616
100-04 7.33224 7.33224 7.33224 7.33224 7.33224 7.33152
100-05 7.32765 7.32765 7.32765 7.32765 7.32765 7.32688
100-06 7.32307 7.32307 7.32307 7.32307 7.32307 7.32225
100-07 7.31849 7.31849 7.31849 7.31849 7.31849 7.31761
100-08 7.31391 7.31391 7.31391 7.31391 7.31391 7.31298
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
Spread @ Center Price 166.42 166.42 166.42 166.42 166.42 166.42
WAL 9.79440 9.79440 9.79440 9.79440 9.79440 9.62780
Mod Durn 6.767 6.767 6.767 6.767 6.767 6.688
Mod Convexity 0.597 0.597 0.597 0.597 0.597 0.582
Principal Window Sep10 to Sep10 Sep10 to Sep10 Sep10 to Sep10 Sep10 to Sep10 Sep10 to Sep10 Jul10 to Jul10
Maturity #mos 118 118 118 118 118 116
Accrued Interest 315,502.72 315,502.72 315,502.72 315,502.72 315,502.72 315,502.72
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 0.35 0.35 0.35 0.35 0.35 0.35
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
Liquidation Lag 12 mos(100%) 12 mos(100%) 12 mos(100%) 12 mos(100%) 12 mos(100%) 12 mos(100%)
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
Optional Redemption Calls ASAP (N) Calls ASAP (N) Calls ASAP (N) Calls ASAP (N) Calls ASAP (N) Calls ASAP (N)
CMT_3MO 6.360 6.360 6.360 6.360 6.360 6.360
CMT_6MO 6.070 6.070 6.070 6.070 6.070 6.070
CMT_1YR 6.100 6.100 6.100 6.100 6.100 6.100
CMT_2YR 5.890 5.890 5.890 5.890 5.890 5.890
CMT_5YR 5.672 5.672 5.672 5.672 5.672 5.672
CMT_10YR 5.687 5.687 5.687 5.687 5.687 5.687
------------------------------------------------------------------------------------------------------------------------------------
CMT_30YR 5.76 5.76 5.76 5.76 5.76 5.76
------------------------------------------------------------------------------------------------------------------------------------
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.
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
FU00C2_082100, CLASS A--PRICE/YIELD
------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
CUSIP Face $42,855,000.00 Settle at Pricing
Coupon 7.428 Original Balance $42,855,000.00 Accrual begins 11/1/00
Delay 14 Current Balance $42,855,000.00 Factor Date N/A
Stated Maturity N/A Factor 1 ----------------------------------
Type JUN FIX CAP -------------------------------------
-------------------------------------
YIELD CURVE: Spread off interpolated node
3MO=6.36, 6mo=6.07, 1YR=6.16, 2YR=5.89, 5YR=5.672, 10YR=5.687, 30YR=5.76
<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>
99-24 7.53806 7.53806 7.53806 7.53806 7.53806 7.53799
99-25 7.53342 7.53342 7.53342 7.53342 7.53342 7.53330
99-26 7.52879 7.52879 7.52879 7.52879 7.52879 7.52861
99-27 7.52415 7.52415 7.52415 7.52415 7.52415 7.52392
99-28 7.51952 7.51952 7.51952 7.51952 7.51952 7.51923
99-29 7.51489 7.51489 7.51489 7.51489 7.51489 7.51455
99-30 7.51026 7.51026 7.51026 7.51026 7.51026 7.50986
99-31 7.50564 7.50564 7.50564 7.50564 7.50564 7.50518
100-00 7.50101 7.50101 7.50101 7.50101 7.50101 7.50050
100-01 7.49639 7.49639 7.49639 7.49639 7.49639 7.49583
100-02 7.49177 7.49177 7.49177 7.49177 7.49177 7.49115
100-03 7.48715 7.48715 7.48715 7.48715 7.48715 7.48648
100-04 7.48253 7.48253 7.48253 7.48253 7.48253 7.48181
100-05 7.47792 7.47792 7.47792 7.47792 7.47792 7.47714
100-06 7.47330 7.47330 7.47330 7.47330 7.47330 7.47247
100-07 7.46869 7.46869 7.46869 7.46869 7.46869 7.46780
100-08 7.46408 7.46408 7.46408 7.46408 7.46408 7.46314
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
Spread @ Center Price 181.46 181.46 181.46 181.46 181.46 181.46
WAL 9.79440 9.79440 9.79440 9.79440 9.79440 9.62780
Mod Durn 6.720 6.720 6.720 6.720 6.720 6.642
Mod Convexity 0.591 0.591 0.591 0.591 0.591 0.576
Principal Window Sep10 to Sep10 Sep10 to Sep10 Sep10 to Sep10 Sep10 to Sep10 Sep10 to Sep10 Jul10 to Jul10
Maturity #mos 118 118 118 118 118 116
Accrued Interest 247,587.62 247,587.62 247,587.62 247,587.62 247,587.62 247,587.62
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 0.35 0.35 0.35 0.35 0.35 0.35
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
Liquidation Lag 12 mos(100%) 12 mos(100%) 12 mos(100%) 12 mos(100%) 12 mos(100%) 12 mos(100%)
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
Optional Redemption Calls ASAP (N) Calls ASAP (N) Calls ASAP (N) Calls ASAP (N) Calls ASAP (N) Calls ASAP (N)
CMT_3MO 6.360 6.360 6.360 6.360 6.360 6.360
CMT_6MO 6.070 6.070 6.070 6.070 6.070 6.070
CMT_1YR 6.100 6.100 6.100 6.100 6.100 6.100
CMT_2YR 5.890 5.890 5.890 5.890 5.890 5.890
CMT_5YR 5.672 5.672 5.672 5.672 5.672 5.672
CMT_10YR 5.687 5.687 5.687 5.687 5.687 5.687
------------------------------------------------------------------------------------------------------------------------------------
CMT_30YR 5.76 5.76 5.76 5.76 5.76 5.76
------------------------------------------------------------------------------------------------------------------------------------
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.
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
FU00C2_082100, CLASS AM--PRICE/YIELD
------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
CUSIP Face $17,143,000.00 Settle at Pricing
Coupon 7.526 Original Balance $17,143,000.00 Accrual begins 11/1/00
Delay 14 Current Balance $17,143,000.00 Factor Date N/A
Stated Maturity N/A Factor 1 ----------------------------------
Type JUN FIX CAP -------------------------------------
-------------------------------------
YIELD CURVE: Spread off interpolated node
3MO=6.36, 6mo=6.07, 1YR=6.16, 2YR=5.89, 5YR=5.672, 10YR=5.687, 30YR=5.76
<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>
99-24 7.63855 7.63855 7.63855 7.63855 7.63855 7.63848
99-25 7.63389 7.63389 7.63389 7.63389 7.63389 7.63376
99-26 7.62924 7.62924 7.62924 7.62924 7.62924 7.62905
99-27 7.62458 7.62458 7.62458 7.62458 7.62458 7.62434
99-28 7.61993 7.61993 7.61993 7.61993 7.61993 7.61963
99-29 7.61528 7.61528 7.61528 7.61528 7.61528 7.61493
99-30 7.61063 7.61063 7.61063 7.61063 7.61063 7.61022
99-31 7.60598 7.60598 7.60598 7.60598 7.60598 7.60552
100-00 7.60133 7.60133 7.60133 7.60133 7.60133 7.60082
100-01 7.59669 7.59669 7.59669 7.59669 7.59669 7.59612
100-02 7.59205 7.59205 7.59205 7.59205 7.59205 7.59143
100-03 7.58741 7.58741 7.58741 7.58741 7.58741 7.58673
100-04 7.58277 7.58277 7.58277 7.58277 7.58277 7.58204
100-05 7.57813 7.57813 7.57813 7.57813 7.57813 7.57735
100-06 7.57350 7.57350 7.57350 7.57350 7.57350 7.57266
100-07 7.56887 7.56887 7.56887 7.56887 7.56887 7.56797
100-08 7.56424 7.56424 7.56424 7.56424 7.56424 7.56329
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
Spread @ Center Price 191.50 191.50 191.50 191.50 191.50 191.49
WAL 9.79440 9.79440 9.79440 9.79440 9.79440 9.62780
Mod Durn 6.689 6.689 6.689 6.689 6.689 6.611
Mod Convexity 0.587 0.587 0.587 0.587 0.587 0.572
Principal Window Sep10 to Sep10 Sep10 to Sep10 Sep10 to Sep10 Sep10 to Sep10 Sep10 to Sep10 Jul10 to Jul10
Maturity #mos 118 118 118 118 118 116
Accrued Interest 100,347.50 100,347.50 100,347.50 100,347.50 100,347.50 100,347.50
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 0.35 0.35 0.35 0.35 0.35 0.35
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
Liquidation Lag 12 mos(100%) 12 mos(100%) 12 mos(100%) 12 mos(100%) 12 mos(100%) 12 mos(100%)
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
Optional Redemption Calls ASAP (N) Calls ASAP (N) Calls ASAP (N) Calls ASAP (N) Calls ASAP (N) Calls ASAP (N)
CMT_3MO 6.360 6.360 6.360 6.360 6.360 6.360
CMT_6MO 6.070 6.070 6.070 6.070 6.070 6.070
CMT_1YR 6.100 6.100 6.100 6.100 6.100 6.100
CMT_2YR 5.890 5.890 5.890 5.890 5.890 5.890
CMT_5YR 5.672 5.672 5.672 5.672 5.672 5.672
CMT_10YR 5.687 5.687 5.687 5.687 5.687 5.687
------------------------------------------------------------------------------------------------------------------------------------
CMT_30YR 5.76 5.76 5.76 5.76 5.76 5.76
------------------------------------------------------------------------------------------------------------------------------------
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.
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
FU00C2_082100, CLASS BBBP--PRICE/YIELD
------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
CUSIP Face $18,571,000.00 Settle at Pricing
Coupon 7.7787 Original Balance $18,571,000.00 Accrual begins 11/1/00
Delay 14 Current Balance $18,571,000.00 Factor Date N/A
Stated Maturity N/A Factor 1 ----------------------------------
Type JUN WAC -------------------------------------
-------------------------------------
YIELD CURVE: Spread off interpolated node
3MO=6.36, 6mo=6.07, 1YR=6.16, 2YR=5.89, 5YR=5.672, 10YR=5.687, 30YR=5.76
<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
------------------------------------------------------------------------------------------------------------------------------------
99-24 8.01452 8.01430 8.01419 8.01400 8.01360 8.01053
99-25 8.00978 8.00956 8.00945 8.00926 8.00886 8.00574
99-26 8.00505 8.00482 8.00472 8.00453 8.00412 8.00095
99-27 8.00031 8.00008 7.99998 7.99979 7.99939 7.99616
99-28 7.99558 7.99535 7.99525 7.99506 7.99465 7.99137
99-29 7.99085 7.99062 7.99052 7.99033 7.98992 7.98658
99-30 7.98612 7.98589 7.98579 7.98560 7.98519 7.98180
99-31 7.98139 7.98116 7.98106 7.98087 7.98046 7.97702
100-00 7.97666 7.97644 7.97633 7.97614 7.97574 7.97224
100-01 7.97194 7.97171 7.97161 7.97142 7.97102 7.96746
100-02 7.96722 7.96699 7.96689 7.96670 7.96629 7.96268
100-03 7.96250 7.96227 7.96217 7.96198 7.96157 7.95791
100-04 7.95778 7.95755 7.95745 7.95726 7.95686 7.95314
100-05 7.95306 7.95284 7.95273 7.95254 7.95214 7.94837
100-06 7.94835 7.94812 7.94802 7.94783 7.94743 7.94360
100-07 7.94364 7.94341 7.94331 7.94312 7.94271 7.93883
100-08 7.93893 7.93870 7.93860 7.93841 7.93800 7.93407
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
Spread @ Center Price 229.03 229.01 229.00 228.98 228.94 228.64
WAL 9.79440 9.79440 9.79440 9.79440 9.79440 9.62780
Mod Durn 6.574 6.574 6.574 6.574 6.574 6.500
Mod Convexity 0.572 0.572 0.572 0.572 0.572 0.558
Principal Window Sep10 to Sep10 Sep10 to Sep10 Sep10 to Sep10 Sep10 to Sep10 Sep10 to Sep10 Jul10 to Jul10
Maturity #mos 118 118 118 118 118 116
Accrued Interest 112,356.83 112,356.83 112,356.83 112,356.83 112,356.83 112,356.83
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 0.35 0.35 0.35 0.35 0.35 0.35
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
Liquidation Lag 12 mos(100%) 12 mos(100%) 12 mos(100%) 12 mos(100%) 12 mos(100%) 12 mos(100%)
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
Optional Redemption Calls ASAP (N) Calls ASAP (N) Calls ASAP (N) Calls ASAP (N) Calls ASAP (N) Calls ASAP (N)
CMT_3MO 6.360 6.360 6.360 6.360 6.360 6.360
CMT_6MO 6.070 6.070 6.070 6.070 6.070 6.070
CMT_1YR 6.100 6.100 6.100 6.100 6.100 6.100
CMT_2YR 5.890 5.890 5.890 5.890 5.890 5.890
CMT_5YR 5.672 5.672 5.672 5.672 5.672 5.672
CMT_10YR 5.687 5.687 5.687 5.687 5.687 5.687
------------------------------------------------------------------------------------------------------------------------------------
CMT_30YR 5.76 5.76 5.76 5.76 5.76 5.76
------------------------------------------------------------------------------------------------------------------------------------
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.
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
FU00C2_082100, CLASS BBB--PRICE/YIELD
------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
CUSIP Face $17,142,000.00 Settle at Pricing
Coupon 7.8487 Original Balance $17,142,000.00 Accrual begins 11/1/00
Delay 14 Current Balance $17,142,000.00 Factor Date N/A
Stated Maturity N/A Factor 1 ----------------------------------
Type JUN WAC -------------------------------------
-------------------------------------
YIELD CURVE: Spread off interpolated node
3MO=6.36, 6mo=6.07, 1YR=6.16, 2YR=5.89, 5YR=5.672, 10YR=5.687, 30YR=5.76
<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
------------------------------------------------------------------------------------------------------------------------------------
99-24 8.08635 8.08617 8.08609 8.08590 8.08550 8.08262
99-25 8.08160 8.08141 8.08133 8.08115 8.08074 8.07781
99-26 8.07685 8.07666 8.07658 8.07639 8.07599 8.07301
99-27 8.07210 8.07191 8.07183 8.07164 8.07124 8.06821
99-28 8.06736 8.06717 8.06708 8.06689 8.06649 8.06341
99-29 8.06262 8.06242 8.06234 8.06215 8.06174 8.05862
99-30 8.05787 8.05768 8.05759 8.05740 8.05700 8.05382
99-31 8.05314 8.05294 8.05285 8.05266 8.05226 8.04903
100-00 8.04840 8.04820 8.04811 8.04792 8.04751 8.04424
100-01 8.04366 8.04346 8.04337 8.04318 8.04278 8.03945
100-02 8.03893 8.03872 8.03863 8.03844 8.03804 8.03466
100-03 8.03420 8.03399 8.03390 8.03371 8.03330 8.02988
100-04 8.02947 8.02926 8.02916 8.02897 8.02857 8.02509
100-05 8.02474 8.02453 8.02443 8.02424 8.02384 8.02031
100-06 8.02001 8.01980 8.01970 8.01951 8.01911 8.01553
100-07 8.01529 8.01507 8.01497 8.01479 8.01438 8.01075
100-08 8.01057 8.01035 8.01025 8.01006 8.00966 8.00598
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
Spread @ Center Price 236.20 236.18 236.17 236.15 236.11 235.83
WAL 9.80590 9.79850 9.79460 9.79440 9.79440 9.64080
Mod Durn 6.558 6.555 6.553 6.553 6.553 6.484
Mod Convexity 0.570 0.570 0.569 0.569 0.569 0.556
Principal Window Sep10 to Oct10 Sep10 to Oct10 Sep10 to Oct10 Sep10 to Sep10 Sep10 to Sep10 Jul10 to Aug10
Maturity #mos 119 119 119 118 118 117
Accrued Interest 104,644.49 104,644.49 104,644.49 104,644.49 104,644.49 104,644.49
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 0.35 0.35 0.35 0.35 0.35 0.35
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
Liquidation Lag 12 mos(100%) 12 mos(100%) 12 mos(100%) 12 mos(100%) 12 mos(100%) 12 mos(100%)
------------------------------------------------------------------------------------------------------------------------------------
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Optional Redemption Calls ASAP (N) Calls ASAP (N) Calls ASAP (N) Calls ASAP (N) Calls ASAP (N) Calls ASAP (N)
CMT_3MO 6.360 6.360 6.360 6.360 6.360 6.360
CMT_6MO 6.070 6.070 6.070 6.070 6.070 6.070
CMT_1YR 6.100 6.100 6.100 6.100 6.100 6.100
CMT_2YR 5.890 5.890 5.890 5.890 5.890 5.890
CMT_5YR 5.672 5.672 5.672 5.672 5.672 5.672
CMT_10YR 5.687 5.687 5.687 5.687 5.687 5.687
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CMT_30YR 5.76 5.76 5.76 5.76 5.76 5.76
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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.
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
FU00C2_082100, CLASS BBBM--PRICE/YIELD
------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
CUSIP Face $14,285,000.00 Settle at Pricing
Coupon 8.2687 Original Balance $14,285,000.00 Accrual begins 11/1/00
Delay 14 Current Balance $14,285,000.00 Factor Date N/A
Stated Maturity N/A Factor 1 ----------------------------------
Type JUN WAC -------------------------------------
-------------------------------------
YIELD CURVE: Spread off interpolated node
3MO=6.36, 6mo=6.07, 1YR=6.16, 2YR=5.89, 5YR=5.672, 10YR=5.687, 30YR=5.76
<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>
99-01+ 8.62673 8.62651 8.62641 8.62635 8.62636 8.62563
99-02+ 8.62186 8.62164 8.62154 8.62148 8.62147 8.62071
99-03+ 8.61700 8.61678 8.61667 8.61661 8.61660 8.61579
99-04+ 8.61213 8.61191 8.61181 8.61174 8.61172 8.61087
99-05+ 8.60727 8.60705 8.60695 8.60688 8.60685 8.60595
99-06+ 8.60241 8.60219 8.60209 8.60202 8.60197 8.60104
99-07+ 8.59756 8.59733 8.59723 8.59716 8.59710 8.59613
99-08+ 8.59270 8.59248 8.59238 8.59230 8.59223 8.59122
99-09+ 8.58785 8.58763 8.58753 8.58744 8.58737 8.58632
99-10+ 8.58300 8.58278 8.58267 8.58259 8.58250 8.58141
99-11+ 8.57815 8.57793 8.57783 8.57774 8.57764 8.57651
99-12+ 8.57330 8.57308 8.57298 8.57289 8.57278 8.57161
99-13+ 8.56846 8.56824 8.56813 8.56804 8.56792 8.56671
99-14+ 8.56362 8.56339 8.56329 8.56319 8.56307 8.56181
99-15+ 8.55877 8.55855 8.55845 8.55835 8.55821 8.55692
99-16+ 8.55394 8.55371 8.55361 8.55351 8.55336 8.55203
99-17+ 8.54910 8.54888 8.54878 8.54867 8.54851 8.54714
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
Spread @ Center Price 290.12 290.10 290.09 290.08 290.09 290.02
WAL 9.87780 9.87780 9.87780 9.86770 9.83610 9.71110
Mod Durn 6.445 6.445 6.445 6.440 6.427 6.374
Mod Convexity 0.558 0.558 0.558 0.557 0.555 0.545
Principal Window Oct10 to Oct10 Oct10 to Oct10 Oct10 to Oct10 Sep10 to Oct10 Sep10 to Oct10 Aug10 to Aug10
Maturity #mos 119 119 119 119 119 117
Accrued Interest 91,870.18 91,870.18 91,870.18 91,870.18 91,870.18 91,870.18
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 0.35 0.35 0.35 0.35 0.35 0.35
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
Liquidation Lag 12 mos(100%) 12 mos(100%) 12 mos(100%) 12 mos(100%) 12 mos(100%) 12 mos(100%)
Optional Redemption Calls ASAP (N) Calls ASAP (N) Calls ASAP (N) Calls ASAP (N) Calls ASAP (N) Calls ASAP (N)
------------------------------------------------------------------------------------------------------------------------------------
CMT_3MO 6.360 6.360 6.360 6.360 6.360 6.360
CMT_6MO 6.070 6.070 6.070 6.070 6.070 6.070
CMT_1YR 6.100 6.100 6.100 6.100 6.100 6.100
CMT_2YR 5.890 5.890 5.890 5.890 5.890 5.890
CMT_5YR 5.672 5.672 5.672 5.672 5.672 5.672
CMT_10YR 5.687 5.687 5.687 5.687 5.687 5.687
CMT_30YR 5.760 5.760 5.760 5.760 5.760 5.760
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
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.
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
