<PAGE> 1
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: January 29, 1998
(Date of earliest event reported)
Commission File No. 33-34957
HomeSide Mortgage Securities, Inc.
- --------------------------------------------------------------------------------
Delaware 59-2957725
- -------------------------------------- ------------------------------------
(State of Incorporation) (I.R.S. Employer Identification No.)
7301 Baymeadows Way, Jacksonville, FL 32256
- -------------------------------------- -------------------
Address of principal executive offices (Zip Code)
(904) 281-3000
- --------------------------------------------------------------------------------
Registrant's Telephone Number, including area code
- --------------------------------------------------------------------------------
(Former name, former address and former fiscal year,
if changed since last report)
Page 1 of 6
Index to Exhibits is on Page 6
<PAGE> 2
ITEM 5. Other Events
Filing of Computational Materials
Attached as Exhibit 99.1 are Computational Materials (as defined in
the no-action letter dated May 27, 1994 issued by the Securities and Exchange
Commission to the Public Securities Association) prepared by Donaldson, Lufkin &
Jenrette Securities Corporation in connection with the offering of Multi-Class
Mortgage Pass-Through Certificates, Series 1998-1.
-2-
<PAGE> 3
ITEM 7. Financial Statements and Exhibits
(c) Exhibits
Item 601(a)
of Regulation S-K
Exhibit No. Description
- ----------- -----------
(99.1) Computational Materials
-3-
<PAGE> 4
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.
HOMESIDE MORTGAGE SECURITIES, INC.
January 29, 1998
By: /s/ W. Blake Wilson
----------------------------
Name: W. Blake Wilson
Title: Vice President
<PAGE> 5
INDEX TO EXHIBITS
Exhibit No. Description Page
(99.1) Computational Materials 6
<PAGE> 1
DONALDSON, LUFKIN & JENRETTE
STRUCTURED FINANCE DEPARTMENT
Jan 14, 1998 16:54:40
<TABLE>
Settlement Date: 01/30/1998 HOMESIDE 98-1_gen B2 Next Payment Date: 02/25/1998
==================== Interest Accrues From: 01/01/1998
Class A-1 Par Balance: $209,232,638 Coupon: 6.750000%
8.0% 10.0% 15.0% 20.0% 25.0% 30.0% 50.0%
CPR CPR CPR CPR CPR CPR CPR
----- ----- ----- ----- ----- ----- -----
Price Yield Yield Yield Yield Yield Yield Yield
- ------------------- ----- ----- ----- ----- ----- ----- -----
<S> <C> <C> <C> <C> <C> <C> <C>
99.500000 99-16 6.857 6.860 6.866 6.872 6.878 6.885 6.918
99.625000 99-20 6.828 6.824 6.815 6.806 6.796 6.786 6.737
99.750000 99-24 6.798 6.789 6.765 6.740 6.714 6.687 6.556
99.875000 99-28 6.769 6.754 6.715 6.674 6.632 6.588 6.375
100.000000 100-00 6.739 6.719 6.665 6.609 6.551 6.489 6.195
100.125000 100-04 6.710 6.684 6.615 6.543 6.469 6.391 6.016
100.250000 100-08 6.680 6.649 6.565 6.478 6.388 6.293 5.837
100.375000 100-12 6.651 6.615 6.516 6.413 6.307 6.195 5.658
100.500000 100-16 6.622 6.580 6.466 6.348 6.226 6.097 5.480
100.625000 100-20 6.593 6.545 6.417 6.283 6.145 5.999 5.302
100.750000 100-24 6.564 6.511 6.367 6.219 6.065 5.902 5.125
100.875000 100-28 6.534 6.476 6.318 6.154 5.985 5.805 4.949
101.000000 101-00 6.506 6.442 6.269 6.090 5.904 5.708 4.772
101.125000 101-04 6.477 6.408 6.220 6.025 5.825 5.611 4.597
101.250000 101-08 6.448 6.373 6.171 5.961 5.745 5.515 4.421
101.375000 101-12 6.419 6.339 6.122 5.897 5.665 5.419 4.247
101.500000 101-16 6.390 6.305 6.073 5.833 5.586 5.323 4.072
Average Life: 5.695 4.559 2.951 2.167 1.703 1.387 0.736
Mod Dur (100-16): 4.237 3.570 2.498 1.906 1.531 1.267 0.696
Start Date: 02/1998 02/1998 02/1998 02/1998 02/1998 02/1998 02/1998
End Date: 10/2013 11/2010 11/2005 07/2003 04/2002 06/2001 11/1999
Collateral Assumptions: Pass-Thru = 7.612%, Wac = 7.902%, Wam = 356, Wala = 3; 30 Days Interest on Prepayments
===============================================================================================================
</TABLE>
The computational materials contained herein and the data on which they are
based are preliminary and subject to change. Actual sales of the securities
described herein will be made only pursuant to the terms set forth in a final
prospectus.
<PAGE> 2
DONALDSON, LUFKIN & JENRETTE
STRUCTURED FINANCE DEPARTMENT
<TABLE>
<CAPTION>
Jan. 13, 1998 18:06:33
Settlement Date: 01/30/1998 HOMESIDE98-1_gen A2 Next Payment Date: 02/25/1998
------------------- Interest Accrues From: 01/01/1998
Class: A-1 Par Balance: $209,232,638 Coupon: 6.750000%
100% 150% 175% 200% 275% 300% 350% 400% 450% 500%
PSA PSA PSA PSA PSA PSA PSA PSA PSA PSA
-------------------------------------------------------------------------------
Price Yield Yield Yield Yield Yield Yield Yield Yield Yield Yield
- -------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
99.500000 99-16 6.855 6.857 6.858 6.859 6.862 6.863 6.865 6.867 6.869 6.870
99.625000 99-20 6.832 6.829 6.827 6.825 6.821 6.819 6.816 6.813 6.811 6.808
99.750000 99-24 6.810 6.801 6.796 6.792 6.779 6.775 6.767 6.760 6.753 6.747
99.875000 99-28 6.787 6.773 6.766 6.758 6.737 6.731 6.718 6.707 6.696 6.685
100.000000 100-00 6.765 6.745 6.735 6.725 6.696 6.687 6.669 6.653 6.638 6.624
100.125000 100-04 6.743 6.718 6.705 6.692 6.654 6.643 6.621 6.600 6.581 6.563
100.250000 100-08 6.721 6.690 6.674 6.658 6.613 6.599 6.572 6.547 6.524 6.501
100.375000 100-12 6.699 6.662 6.644 6.625 6.572 6.555 6.523 6.494 6.466 6.440
100.500000 100-16 6.677 6.635 6.613 6.592 6.530 6.511 6.475 6.441 6.409 6.379
100.625000 100-20 6.655 6.607 6.583 6.559 6.489 6.468 6.427 6.388 6.353 6.319
100.750000 100-24 6.633 6.580 6.553 6.526 6.448 6.424 6.378 6.336 6.296 6.258
100.875000 100-28 6.611 6.553 6.523 6.493 6.407 6.381 6.330 6.283 6.239 6.197
101.000000 101-00 6.589 6.525 6.493 6.460 6.366 6.337 6.282 6.231 6.182 6.137
101.125000 101-04 6.567 6.498 6.463 6.427 6.326 6.294 6.234 6.178 6.126 6.076
101.250000 101-08 6.545 6.471 6.433 6.395 6.285 6.251 6.186 6.126 6.070 6.016
101.375000 101-12 6.523 6.444 6.403 6.362 6.244 6.208 6.138 6.074 6.013 5.956
101.500000 101-16 6.502 6.416 6.373 6.329 6.204 6.165 6.091 6.022 5.957 5.896
Average Life: 8.168 5.999 5.273 4.702 3.590 3.346 2.967 2.684 2.466 2.289
Mod Dur (100-16 ): 5.609 4.496 4.081 3.736 3.005 2.833 2.555 2.341 2.172 2.032
Start Date: 02/1998 02/1998 02/1998 02/1998 02/2998 02/1998 02/1998 02/1998 02/1998 02/1998
End Date: 11/2017 04/2013 05/2011 10/2009 03/2006 06/2005 05/2004 07/2003 12/2002 07/2002
Collateral Assumptions: Pass-Thru = 7.612%, Wac = 7.902%, Wam = 356, Wala = 3; 30 Days
Interest on Prepayments
- -------------------------------------------------------------------------------------------------------
The computational materials contained herein and the data on which they are based preliminary and
subject to change.
Actual sales of the securities described herein will be made only pursuant to the terms set forth
in a final prospectus.
</TABLE>
<PAGE> 3
DONALDSON, LUFKIN & JENRETTE
STRUCTURED FINANCE DEPARTMENT
Jan 14, 1998 12:47:11 Next Payment Date: 02/25/1998
Settlement Date: 01/30/1998 Interest Accrues From: 01/01/1998
HOMESIDE98-1 gen A2
===================
Class: A-1 Par Balance: $209,232,638 Coupon: 6.750000%
<TABLE>
<CAPTION>
100% 150% 175% 200% 275% 300% 350% 400% 450% 500%
PSA PSA PSA PSA PSA PSA PSA PSA PSA PSA
------- ------- ------- ------- ------- ------- ------- ------- ------- -------
Price Yield Yield Yield Yield Yield Yield Yield Yield Yield Yield
- ----------------- ------- ------- ------- ------- ------- ------- ------- ------- ------- -------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
99.375000 99-12 6.877 6.885 6.889 6.893 6.904 6.908 6.914 6.921 6.927 6.932
99.500000 99-16 6.855 6.857 6.858 6.859 6.862 6.863 6.865 6.867 6.869 6.870
99.625000 99-20 6.832 6.829 6.827 6.825 6.821 6.819 6.816 6.813 6.811 6.808
99.750000 99-24 6.810 6.801 6.796 6.792 6.779 6.775 6.767 6.760 6.753 6.747
99.875000 99-28 6.787 6.773 6.766 6.758 6.737 6.731 6.718 6.707 6.696 6.685
100.000000 100-00 6.765 6.745 6.735 6.725 6.696 6.687 6.669 6.653 6.638 6.624
100.125000 100-04 6.743 6.718 6.705 6.692 6.654 6.643 6.621 6.600 6.581 6.563
100.250000 100-08 6.721 6.690 6.674 6.658 6.613 6.599 6.572 6.547 6.524 6.501
100.375000 100-12 6.699 6.662 6.644 6.625 6.572 6.555 6.523 6.494 6.466 6.440
100.500000 100-16 6.677 6.635 6.613 6.592 6.530 6.511 6.475 6.441 6.409 6.379
100.625000 100-20 6.655 6.607 6.583 6.559 6.489 6.468 6.427 6.388 6.353 6.319
100.750000 100-24 6.633 6.580 6.553 6.526 6.448 6.424 6.378 6.336 6.296 6.258
100.875000 100-28 6.611 6.553 6.523 6.493 6.407 6.381 6.330 6.283 6.239 6.197
101.000000 101-00 6.589 6.525 6.493 6.460 6.366 6.337 6.282 6.231 6.182 6.137
101.125000 101-04 6.567 6.498 6.463 6.427 6.326 6.294 6.234 6.178 6.126 6.076
101.250000 101-08 6.545 6.471 6.433 6.395 6.285 6.251 6.186 6.126 6.070 6.016
101.375000 101-12 6.523 6.444 6.403 6.362 6.244 6.208 6.138 6.074 6.013 5.956
Average Life: 8.168 5.999 5.273 4.702 3.590 3.346 2.967 2.684 2.466 2.289
Mod Dur (100-12 ): 5.604 4.492 4.078 3.733 3.003 2.831 2.554 2.340 2.170 2.030
Start Date: 02/1998 02/1998 02/1998 02/1998 02/1998 02/1998 02/1998 02/1998 02/1998 02/1998
End Date: 11/2017 04/2013 05/2011 10/2009 03/2006 06/2005 05/2004 07/2003 12/2002 07/2002
</TABLE>
Collateral assumptions: Pass-Thru = 7.612%, Wac = 7.902%, Wam = 356,
Wala = 3; 30 Days Interest on Prepayments
================================================================================
The computational materials contained herein and the data on which they are
based are preliminary and subject to change.
Actual sales of the securities described herein will be made only pursuant to
the terms set forth in a final prospectus.
<PAGE> 4
DONALDSON, LUFKIN & JENRETTE
STRUCTURED FINANCE DEPARTMENT
Jan 14, 1998 12:50:14 Next Payment Date: 02/25/1998
Settlement Date: 01/30/1998 Interest Accrues From: 01/01/1998
HOMESIDE 98-1_gen A2
====================
CLASS A-1 Par Balance: $209,232,638 Coupon: 6.750000%
<TABLE>
<CAPTION>
125% 150% 175% 200% 275% 300% 350% 400% 450% 500%
PSA PSA PSA PSA PSA PSA PSA PSA PSA PSA
----- ----- ----- ----- ----- ----- ----- ----- ----- -----
Price Yield Yield Yield Yield Yield Yield Yield Yield Yield Yield
- ------------------- ----- ----- ----- ----- ----- ----- ----- ----- ----- -----
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
99.375000 99-12 6.881 6.885 6.889 6.893 6.904 6.908 6.914 6.921 6.927 6.932
99.500000 99-16 6.856 6.857 6.858 6.859 6.862 6.863 6.865 6.867 6.869 6.870
99.625000 99-20 6.831 6.829 6.827 6.825 6.821 6.819 6.816 6.813 6.811 6.808
99.750000 99-24 6.805 6.801 6.796 6.792 6.779 6.775 6.767 6.760 6.753 6.747
99.875000 99-28 6.780 6.773 6.766 6.758 6.737 6.731 6.718 6.707 6.696 6.685
100.000000 100-00 6.755 6.745 6.735 6.725 6.696 6.687 6.669 6.653 6.638 6.624
100.125000 100-04 6.730 6.718 6.705 6.692 6.654 6.643 6.621 6.600 6.581 6.563
100.250000 100-08 6.706 6.690 6.674 6.658 6.613 6.599 6.572 6.547 6.524 6.501
100.375000 100-12 6.681 6.662 6.644 6.625 6.572 6.555 6.523 6.494 6.466 6.440
100.500000 100-16 6.656 6.635 6.613 6.592 6.530 6.511 6.475 6.441 6.409 6.379
100.625000 100-20 6.631 6.607 6.583 6.559 6.489 6.468 6.427 6.388 6.353 6.319
100.750000 100-24 6.607 6.580 6.553 6.526 6.448 6.424 6.378 6.336 6.296 6.258
100.875000 100-28 6.582 6.553 6.523 6.493 6.407 6.381 6.330 6.283 6.239 6.197
101.000000 101-00 6.557 6.525 6.493 6.460 6.366 6.337 6.282 6.231 6.182 6.137
101.125000 101-04 6.533 6.498 6.463 6.427 6.326 6.294 6.234 6.178 6.126 6.076
101.250000 101-08 6.508 6.471 6.433 6.395 6.285 6.251 6.186 6.126 6.070 6.016
101.375000 101-12 6.484 6.444 6.403 6.362 6.244 6.208 6.138 6.074 6.013 5.956
Average Life: 6.938 5.999 5.273 4.702 3.590 3.346 2.967 2.684 2.466 2.289
Mod Dur (100-12 ) 4.994 4.492 4.078 3.733 3.003 2.831 2.554 2.340 2.170 2.030
Start Date: 02/1998 02/1998 02/1998 02/1998 02/1998 02/1998 02/1998 02/1998 02/1998 02/1998
End Date: 06/2015 04/2013 05/2011 10/2009 03/2006 06/2005 05/2004 07/2003 12/2002 07/2002
</TABLE>
Collateral Assumptions: Pass-Thru = 7.612%, Wac = 7.902%, Wam = 356,
Wala = 3; 30 Days Interest on Prepayments
The computational materials contained herein and the data on which they are
based are preliminary and subject to change. Actual sales of the securities
described herein will be made only pursuant to the terms set forth in a final
prospectus.
<PAGE> 5
DONALDSON, LUFKIN & JENRETTE
STRUCTURED FINANCE DEPARTMENT
Jan. 21, 1998 12:02:47 Next Payment Date: 02/25/1998
Settlement Date: 01/30/1998 Interest Accrues From: 01/01/1998
HOMESIDE98-1 gen A5
===================
Class: A-2 Par Balance: $34,027,782 Coupon: 6.750000%
<TABLE>
<CAPTION>
100% 150% 175% 200% 275% 300% 350% 400% 450% 500%
PSA PSA PSA PSA PSA PSA PSA PSA PSA PSA
------- ------- ------- ------- ------- ------- ------- ------- ------- -------
Price Yield Yield Yield Yield Yield Yield Yield Yield Yield Yield
- ----------------- ------- ------- ------- ------- ------- ------- ------- ------- ------- -------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
96.000000 96-00 7.166 7.197 7.217 7.241 7.333 7.371 7.456 7.545 7.628 7.705
96.125000 96-04 7.155 7.184 7.204 7.227 7.315 7.352 7.434 7.520 7.600 7.674
96.250000 96-08 7.143 7.172 7.191 7.213 7.298 7.333 7.412 7.495 7.572 7.644
96.375000 96-12 7.132 7.159 7.177 7.198 7.280 7.314 7.390 7.470 7.544 7.613
96.500000 96-16 7.120 7.146 7.164 7.184 7.263 7.295 7.368 7.445 7.516 7.582
96.625000 96-20 7.109 7.134 7.151 7.170 7.245 7.277 7.346 7.420 7.488 7.551
96.750000 96-24 7.097 7.121 7.137 7.156 7.228 7.258 7.325 7.395 7.460 7.521
96.875000 96-28 7.086 7.109 7.124 7.142 7.210 7.239 7.303 7.370 7.432 7.490
97.000000 97-00 7.074 7.096 7.111 7.128 7.193 7.220 7.281 7.345 7.404 7.459
97.125000 97-04 7.063 7.084 7.097 7.114 7.176 7.202 7.259 7.320 7.376 7.429
97.250000 97-08 7.051 7.071 7.084 7.099 7.159 7.183 7.238 7.295 7.349 7.398
97.375000 97-12 7.040 7.059 7.071 7.085 7.141 7.164 7.216 7.270 7.321 7.368
97.500000 97-16 7.029 7.046 7.058 7.071 7.124 7.146 7.195 7.246 7.293 7.337
97.625000 97-20 7.017 7.034 7.045 7.058 7.107 7.127 7.173 7.221 7.266 7.307
97.750000 97-24 7.006 7.021 7.032 7.044 7.090 7.109 7.152 7.196 7.238 7.277
97.875000 97-28 6.995 7.009 7.019 7.030 7.073 7.090 7.130 7.172 7.210 7.246
98.000000 98-00 6.983 6.997 7.006 7.016 7.055 7.072 7.109 7.147 7.183 7.216
Average Life: 23.338 19.153 17.166 15.357 10.990 9.844 7.980 6.661 5.787 5.161
Mod Dur (97-00): 11.214 10.242 9.681 9.104 7.393 6.859 5.904 5.151 4.606 4.192
Start Date: 11/2017 04/2013 05/2011 10/2009 03/2006 06/2005 05/2004 07/2003 12/2002 07/2002
End Date: 05/2025 07/2022 10/2020 12/2018 10/2013 04/2012 06/2009 09/2006 02/2005 03/2004
</TABLE>
Collateral Assumptions: Pass-Thru = 7.612%, Wac = 7.902%, Wam = 356, Wala = 3;
30 Days Interest on Prepayments
================================================================================
The computational materials contained herein and the data on which they are
based are preliminary and subject to change. Actual sales of the securities
described herein will be made only pursuant to the terms set forth in a final
prospectus.
<PAGE> 6
DONALDSON, LUFKIN & JENRETTE
STRUCTURED FINANCE DEPARTMENT
Jan. 13, 1998 18:06:33
Settlement Date: 01/30/1998 HOMESIDE98-1 gen A5
---------------------
Next Payment Date: 02/25/1998
Interest Accrues From: 01/01/1998
Class: A-3 Par Balance: $10,475,500 Coupon: 6.750000%
<TABLE>
<CAPTION>
100% 150% 175% 200% 275% 300% 350% 400% 450% 500%
PSA PSA PSA PSA PSA PSA PSA PSA PSA PSA
----- ----- ----- ----- ----- ----- ----- ----- ----- -----
Price Yield Yield Yield Yield Yield Yield Yield Yield Yield Yield
- ----------------------- ----- ----- ----- ----- ----- ----- ----- ----- ----- -----
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
98.875000 95-28 7.154 7.160 7.166 7.173 7.206 7.222 7.263 7.331 7.455 7.570
96.000000 96-00 7.143 7.149 7.154 7.161 7.194 7.209 7.248 7.314 7.434 7.545
96.125000 96-04 7.132 7.138 7.143 7.150 7.181 7.196 7.234 7.297 7.413 7.520
96.250000 96-08 7.122 7.127 7.132 7.138 7.169 7.183 7.219 7.280 7.392 7.495
96.375000 96-12 7.111 7.116 7.121 7.127 7.156 7.170 7.205 7.263 7.371 7.470
96.500000 96-16 7.100 7.105 7.110 7.116 7.144 7.156 7.190 7.246 7.350 7.445
96.625000 96-20 7.089 7.094 7.099 7.104 7.131 7.143 7.176 7.230 7.329 7.420
96.750000 96-24 7.079 7.084 7.088 7.093 7.119 7.130 7.161 7.213 7.308 7.395
96.875000 96-28 7.068 7.073 7.077 7.082 7.106 7.117 7.147 7.196 7.287 7.370
97.000000 97-00 7.057 7.062 7.066 7.071 7.094 7.105 7.133 7.180 7.266 7.345
97.125000 97-04 7.047 7.051 7.055 7.059 7.081 7.092 7.118 7.163 7.245 7.320
97.250000 97-08 7.036 7.040 7.044 7.048 7.069 7.079 7.104 7.146 7.224 7.295
97.375000 97-12 7.026 7.029 7.033 7.037 7.057 7.066 7.090 7.130 7.203 7.271
97.500000 97-16 7.015 7.019 7.022 7.026 7.044 7.053 7.076 7.113 7.182 7.246
97.625000 97-20 7.005 7.008 7.011 7.015 7.032 7.040 7.061 7.097 7.161 7.221
97.750000 97-24 6.994 6.987 7.000 7.003 7.020 7.027 7.047 7.080 7.141 7.196
97.875000 97-28 6.984 6.987 6.989 6.992 7.008 7.015 7.033 7.064 7.120 7.172
Average Life: 28.508 26.902 25.711 24.315 19.624 18.064 15.018 11.818 8.417 6.638
Mod Dur (96-28): 12.075 11.836 11.638 11.383 10.328 9.902 8.935 7.687 6.118 5.150
Start Date: 05/2025 07/2022 10/2020 12/2018 10/2013 04/2012 06/2009 09/2006 02/2005 03/2004
End Date: 10/2027 10/2027 10/2027 10/2027 10/2027 10/2027 10/2027 10/2027 10/2027 04/2005
</TABLE>
- -------------------------------------------------------------------------------
Collateral Assumptions: Pass-Thru = 7.612%, Wac = 7.902%, Wam = 356, Wala = 3,
30 Days Interest on Prepayments
The computational materials contained herein and the data on which
they are based are preliminary and subject to change. Actual sales of
the securities described herein will be made only pursuant to the terms
set forth in a final prospectus.
<PAGE> 7
DONALDSON, LUFKIN & JENRETTE
STRUCTURED FINANCE DEPARTMENT
<TABLE>
<CAPTION>
Jan. 13, 1998 18:06:33
Settlement Date: 01/30/1998 HOMESIDE98-1_gen J1 Next Payment Date: 02/25/1998
------------------- Interest Accrues From: 01/01/1998
Class: A-4 NAS Par Balance: $33,337,500 Coupon: 6.750000%
- -------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
100% 150% 175% 200% 275% 300% 350% 400% 450% 500%
PSA PSA PSA PSA PSA PSA PSA PSA PSA PSA
----- ----- ----- ----- ----- ----- ----- ----- ----- -----
Price Yield Yield Yield Yield Yield Yield Yield Yield Yield Yield
- ----------------- ----- ----- ----- ----- ----- ----- ----- ----- ----- -----
98.875000 98-28 6.922 6.927 6.929 6.931 6.937 6.939 6.942 6.945 6.948 6.954
99.000000 99-00 6.908 6.912 6.914 6.915 6.920 6.922 6.924 6.927 6.929 6.934
99.125000 99-04 6.893 6.897 6.898 6.899 6.903 6.904 6.906 6.908 6.910 6.913
99.250000 99-08 6.879 6.882 6.883 6.884 6.886 6.887 6.888 6.890 6.891 6.893
99.375000 99-12 6.865 6.867 6.867 6.868 6.869 6.870 6.871 6.871 6.872 6.874
99.500000 99-16 6.851 6.852 6.852 6.852 6.852 6.852 6.853 6.853 6.853 6.854
99.625000 99-20 6.837 6.837 6.836 6.836 6.835 6.835 6.835 6.835 6.834 6.834
99.750000 99-24 6.823 6.822 6.821 6.820 6.819 6.818 6.817 6.816 6.816 6.814
99.875000 99-28 6.809 6.807 6.806 6.805 6.802 6.801 6.799 6.798 6.797 6.794
100.000000 100-00 6.795 6.792 6.790 6.789 6.785 6.784 6.782 6.780 6.778 6.774
100.125000 100-04 6.781 6.777 6.775 6.773 6.768 6.767 6.764 6.762 6.759 6.754
100.250000 100-08 6.767 6.762 6.760 6.758 6.752 6.750 6.746 6.743 6.741 6.735
100.375000 100-12 6.754 6.748 6.745 6.742 6.735 6.733 6.729 6.725 6.722 6.715
100.500000 100-16 6.740 6.733 6.730 6.727 6.718 6.716 6.711 6.707 6.703 6.695
100.625000 100-20 6.726 6.718 6.714 6.711 6.702 6.699 6.694 6.689 6.685 6.676
100.750000 100-24 6.712 6.703 6.699 6.695 6.685 6.682 6.676 6.671 6.666 6.656
100.875000 100-28 6.698 6.689 6.684 6.680 6.669 6.665 6.659 6.653 6.648 6.636
Average Life: 15.685 14.001 13.324 12.734 11.361 11.004 10.397 9.904 9.495 8.726
Mod Dur (99-28) 8.920 8.366 8.134 7.926 7.416 7.276 7.031 6.822 6.643 6.280
Start Date: 02/2003 02/2003 02/2003 02/2003 02/2003 02/2003 02/2003 02/2003 02/2003 02/2003
End Date: 10/2027 10/2027 10/2027 10/2027 10/2027 10/2027 10/2027 10/2027 10/2027 10/2027
Collateral Assumptions: Pass-Thru = 7.612%, Wac = 7.902%, Wam = 356, Wala = 3; 30 Days Interest
on Prepayments
- -------------------------------------------------------------------------------------------------
</TABLE>
The computational materials contained herein and the data on which they are
based are preliminary and subject to change. Actual sales of the securities
described herein will be made only pursuant to the terms set forth in a final
prospectus.
<PAGE> 8
DONALDSON, LUFKIN & JENRETTE
STRUCTURED FINANCE DEPARTMENT
<TABLE>
<CAPTION>
Jan. 26, 1998 11:45:23
Settlement Date: 01/30/1998 HOMESIDE98-1_gen J1 Next Payment Date: 02/25/1998
------------------- Interest Accrues From: 01/01/1998
Class: A-4 NAS Par Balance: $33,337,500 Coupon: 6.750000%
100% 150% 175% 200% 275% 300% 350% 400% 450% 500%
PSA PSA PSA PSA PSA PSA PSA PSA PSA PSA
-------------------------------------------------------------------------------
Price Yield Yield Yield Yield Yield Yield Yield Yield Yield Yield
- ------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
98.000000 98-00 7.022 7.033 7.039 7.044 7.057 7.061 7.069 7.075 7.082 7.095
98.125000 98-04 7.007 7.018 7.023 7.027 7.040 7.044 7.050 7.057 7.062 7.075
98.250000 98-08 6.993 7.003 7.007 7.011 7.023 7.026 7.032 7.038 7.043 7.054
98.375000 98-12 6.979 6.987 6.991 6.995 7.005 7.009 7.014 7.019 7.024 7.034
98.500000 98-16 6.964 6.972 6.976 6.979 6.988 6.991 6.996 7.001 7.005 7.014
98.625000 98-20 6.950 6.957 6.960 6.963 6.971 6.974 6.978 6.982 6.986 6.994
98.750000 98-24 6.936 6.942 6.945 6.947 6.954 6.956 6.960 6.964 6.967 6.974
98.875000 98-28 6.922 6.927 6.929 6.931 6.937 6.939 6.942 6.945 6.948 6.954
99.000000 99-00 6.908 6.912 6.914 6.915 6.920 6.922 6.924 6.927 6.929 6.934
99.125000 99-04 6.893 6.897 6.898 6.899 6.903 6.904 6.906 6.908 6.910 6.913
99.250000 99-08 6.879 6.882 6.883 6.884 6.886 6.887 6.888 6.890 6.891 6.893
99.375000 99-12 6.865 6.867 6.867 6.868 6.869 6.870 6.871 6.871 6.872 6.874
99.500000 99-16 6.851 6.852 6.852 6.852 6.852 6.852 6.853 6.853 6.853 6.854
99.625000 99-20 6.837 6.837 6.836 6.836 6.835 6.835 6.835 6.835 6.834 6.834
99.750000 99-24 6.823 6.822 6.821 6.820 6.819 6.818 6.817 6.816 6.816 6.814
99.875000 99-28 6.809 6.807 6.806 6.805 6.802 6.801 6.799 6.798 6.797 6.794
100.000000 100-00 6.795 6.792 6.790 6.789 6.785 6.784 6.782 6.780 6.778 6.774
Average Life: 15.685 14.001 13.324 12.734 11.361 11.004 10.397 9.904 9.495 8.726
Mod Dur (99-00): 8.879 8.330 8.099 7.893 7.388 7.249 7.006 6.799 6.621 6.261
Start Date: 02/2003 02/2003 02/2003 02/2003 02/2003 02/2003 02/2003 02/2003 02/2003 02/2003
End Date: 10/2027 10/2027 10/2027 10/2027 10/2027 10/2027 10/2027 10/2027 10/2027 10/2027
Collateral Assumptions: Pass-Thru = 7.612%, Wac = 7.902%, Wam = 356, Wala = 3; 30 Days
Interest on Prepayments
- -------------------------------------------------------------------------------------------------------
The computational materials contained herein and the data on which they are based preliminary and
subject to change.
Actual sales of the securities described herein will be made only pursuant to the terms set forth
in a final prospectus.
</TABLE>
<PAGE> 9
DONALDSON, LUFKIN & JENRETTE
STRUCTURED FINANCE DEPARTMENT
<TABLE>
<CAPTION>
Settlement Date: 01/30/1998 HOMESIDE98-1 gen J1 Next Payment Date: 02/25/1998
------------------- Interest Accrues From: 01/01/1998
Class: A-4 NAS Par Balance: $33,337,500 Coupon: 6.750000%
100% 150% 175% 200% 275% 300% 350% 400% 450% 500%
PSA PSA PSA PSA PSA PSA PSA PSA PSA PSA
--------------------------------------------------------------------------------------
Price Yield Yield Yield Yield Yield Yield Yield Yield Yield Yield
- -----------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
98.875000 98-28 6.922 6.927 6.929 6.931 6.937 6.939 6.942 6.945 6.948 6.954
99.000000 99-00 6.908 6.912 6.914 6.915 6.920 6.922 6.924 6.927 6.929 6.934
99.125000 99-04 6.893 6.897 6.898 6.899 6.903 6.904 6.906 6.908 6.910 6.913
99.250000 99-08 6.879 6.882 6.883 6.884 6.886 6.887 6.888 6.890 6.891 6.893
99.375000 99-12 6.865 6.867 6.867 6.868 6.869 6.870 6.871 6.871 6.872 6.874
99.500000 99-16 6.851 6.852 6.852 6.852 6.852 6.852 6.853 6.853 6.853 6.854
99.625000 99-20 6.837 6.837 6.836 6.836 6.835 6.835 6.835 6.835 6.834 6.834
99.750000 99-24 6.823 6.822 6.821 6.820 6.819 6.818 6.817 6.816 6.816 6.814
99.875000 99-28 6.809 6.807 6.806 6.805 6.802 6.801 6.799 6.798 6.797 6.794
100.000000 100-00 6.795 6.792 6.790 6.789 6.785 6.784 6.782 6.780 6.778 6.774
100.125000 100-04 6.781 6.777 6.775 6.773 6.768 6.767 6.764 6.762 6.759 6.754
100.250000 100-08 6.767 6.762 6.760 6.758 6.752 6.750 6.746 6.743 6.741 6.735
100.375000 100-12 6.754 6.748 6.745 6.742 6.735 6.733 6.729 6.725 6.722 6.715
100.500000 100-16 6.740 6.733 6.730 6.727 6.718 6.716 6.711 6.707 6.703 6.695
100.625000 100-20 6.726 6.718 6.714 6.711 6.702 6.699 6.694 6.689 6.685 6.676
100.750000 100-24 6.712 6.703 6.699 6.695 6.685 6.682 6.676 6.671 6.666 6.656
100.875000 100-28 6.698 6.689 6.684 6.680 6.669 6.665 6.659 6.653 6.648 6.636
Average Life: 15.685 14.001 13.324 12.734 11.361 11.004 10.397 9.904 9.495 8.726
Mod Dur (99-28): 8.920 8.366 8.134 7.926 7.416 7.276 7.031 6.822 6.643 6.280
Start Date: 02/2003 02/2003 02/2003 02/2003 02/2003 02/2003 02/2003 02/2003 02/2003 02/2003
End Date: 10/2027 10/2027 10/2027 10/2027 10/2027 10/2027 10/2027 10/2027 10/2027 10/2027
Collateral Assumptions: Pass-Thru = 7.612%, Wac = 7.902%, Wam = 356, Wala = 3; 30 Days Interest on Prepayments
===============================================================================================================
</TABLE>
The computational materials contained herein and the data on which they are
based are preliminary and subject to change.
Actual sales of the securities described herein will be made only pursuant to
the terms set forth in a final prospectus.
<PAGE> 10
DONALDSON, LUFKIN & JENRETTE
STRUCTURED FINANCE DEPARTMENT
June 14, 1998 08:41:31 Next Payment Date: 02/25/1998
Settlement Date: 01/30/1998 Interest Accrues From: 01/01/1998
HOMESIDE98-1 gen D1
===================
Class: A-6 Par Balance: $25,000,000 Coupon: 6.750000%
<TABLE>
<CAPTION>
100% 150% 175% 200% 275% 300% 350% 400% 450% 500%
PSA PSA PSA PSA PSA PSA PSA PSA PSA PSA
------- ------- ------- ------- ------- ------- ------- ------- ------- -------
Price Yield Yield Yield Yield Yield Yield Yield Yield Yield Yield
- ----------------- ------- ------- ------- ------- ------- ------- ------- ------- ------- -------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
98.500000 98-16 7.015 7.064 7.092 7.097 7.149 7.098 7.146 7.198 7.253 7.310
98.625000 98-20 6.994 7.038 7.062 7.067 7.113 7.067 7.110 7.156 7.204 7.254
98.750000 98-24 6.974 7.012 7.033 7.037 7.077 7.037 7.074 7.114 7.155 7.199
98.875000 98-28 6.954 6.986 7.003 7.007 7.040 7.007 7.038 7.072 7.107 7.143
99.000000 99-00 6.934 6.960 6.974 6.977 7.004 6.977 7.002 7.030 7.058 7.088
99.125000 99-04 6.914 6.934 6.945 6.947 6.968 6.947 6.966 6.988 7.010 7.033
99.250000 99-08 6.894 6.908 6.915 6.917 6.932 6.917 6.931 6.946 6.961 6.978
99.375000 99-12 6.874 6.882 6.886 6.887 6.896 6.887 6.895 6.904 6.913 6.922
99.500000 99-16 6.854 6.856 6.857 6.857 6.860 6.857 6.860 6.862 6.865 6.868
99.625000 99-20 6.834 6.830 6.828 6.828 6.824 6.828 6.824 6.821 6.817 6.813
99.750000 99-24 6.814 6.804 6.799 6.798 6.788 6.798 6.789 6.779 6.769 6.758
99.875000 99-28 6.794 6.779 6.770 6.769 6.753 6.768 6.754 6.738 6.721 6.703
100.000000 100-00 6.774 6.753 6.741 6.739 6.717 6.739 6.718 6.696 6.673 6.649
100.125000 100-04 6.754 6.727 6.713 6.710 6.681 6.709 6.683 6.655 6.625 6.594
100.250000 100-08 6.734 6.702 6.684 6.680 6.646 6.680 6.648 6.614 6.578 6.540
100.375000 100-12 6.715 6.676 6.655 6.651 6.610 6.651 6.613 6.573 6.530 6.485
100.500000 100-16 6.695 6.651 6.627 6.622 6.575 6.621 6.578 6.531 6.483 6.431
Average Life: 8.931 6.464 5.593 5.489 4.375 5.441 4.372 3.593 3.028 2.593
Mud Dur (99-16): 6.252 4.837 4.300 4.211 3.481 4.197 3.523 2.999 2.597 2.274
Start Date: 02/1998 02/1998 02/1998 02/1998 02/1998 07/1999 05/1999 03/1999 02/1999 01/1999
End Date: 06/2012 10/2009 09/2008 05/2009 06/2008 04/2012 06/2009 09/2006 02/2005 03/2004
</TABLE>
Collateral Assumptions: Pass-Thru = 7.612%, Wac = 7.902%, Wam = 356, Wala = 3,
30 Days Interest on Prepayments
===============================================================================
The computational materials contained herein and the data on which they are
based are preliminary and subject to change. Actual sales of the securities
described herein will be made only pursuant to the terms set forth in a final
prospectus.
<PAGE> 11
DONALDSON, LUFKIN & JENRETTE
STRUCTURED FINANCE DEPARTMENT
BOND DESCRIPTION SUMMARY
========================
Jan 27, 1998 18:00:50
<TABLE>
<CAPTION>
Guarantee Initial Average Mcly $V 1 BP
Class Range Par Balance Coupon Life Drtn Index Spread BE Yield Price ($000s) Window
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
1: Parent A 300,037,500 6.7500 5.14880 4.95 Other 0.00 0.0000 134.3044 200.084 02/98-10/27
A2: 39,824,817 6.7500 3.58998 3.10 3 Yr 130.00 6.5700 100.3798 12.067 02/98-03/06
A2: A-1 209,232,637 6.7500 3.58998 3.10 3 Yr 130.00 6.5700 100.3798 63.400 02/98-03/06
A3: 6,476,763 6.7500 10.98999 7.68 10 Yr 165.00 7.0900 97.7476 4.717 03/06-10/13
A4: A-2 34,027,782 6.7500 10.98999 7.68 10 Yr 165.00 7.0900 97.7476 24.780 03/06-10/13
A5: A-3 10,475,500 6.7500 19.62439 10.68 30 Yr 140.00 7.1400 96.5356 10.478 10/13-10/27
2: 10 44,718,178N 6.7500 6.01480 2.40 Other 2598.35 25.9835* 17.2125 1.685 02/98-10/27
N1: Parent B 46,301,580 6.7500 4.62511 Node Component Classes: A1, A3
B1: A-5 180-500 (Pac) 16,315,000 6.7500 3.49083 3.08 3 Yr 90.00 6.1700 101.5801 4.972 12/98-03/04
B2: Parent C 29,986,580 6.7500 5.24225 4.10 5 Yr 158.79 6.9079* 99.3027 11.862 02/98-10/13
C1: Parent D 28,256,730 6.7500 4.37536 3.60 4 Yr 161.63 6.9113* 99.3212 9.808 02/98-06/08
D1: A-6 275-275 (Tac) 25,000,000 6.7500 4.37536 3.60 4 Yr 158.50 6.8800 99.4301 8.694 02/98-06/08
D2: (z) 3,256,730 6.7500 4.37536 3.59 4 Yr 170.91 7.0041* 99.0000 1.124 02/98-06/08
C2: (z) 1,729,850 6.7500 12.57931 12.36 10 Yr 145.17 6.8917* 99.0000 2.056 06/08-10/13
N2: Parent E 253,735,920 6.7500 5.24436 Mode Component Classes: A2, A4, A5
E1: 275-275 (Tac) 179,735,920 6.7500 2.99611 2.67 3 Yr 120.02 6.4702* 100.5223 46.886 02/98-01/04
E2: 275-275 (Tac) 70,000,000 6.7500 9.14157 6.70 10 Yr 160.00 7.0400 98.2952 44.781 01/04-05/13
E3: (z) 4,000,000 6.7500 19.37137 18.59 30 Yr 119.25 6.9325* 98.0000 7.074 05/13-10/27
J1: A-4 NAS 33,337,500 6.7500 11.36119 7.66 10 Yr 140.00 5.8400 99.5916 24.713 02/03-10/27
J2: AA 6,125,000 6.7500 10.90879 7.40 10 Yr 133.00 6.7700 100.0925 4.410 02/98-10/27
J3: A 4,375,000 6.7500 10.90879 7.37 10 Yr 148.00 6.9200 99.0204 3.101 02/98-10/27
J4: BBB 2,625,000 6.7500 10.90879 7.31 10 Yr 178.00 7.2200 96.9259 1.803 02/98-10/27
J5: BB 1,575,000 6.7500 10.90879 7.00 10 Yr 325.00 8.6900 87.5503 0.931 02/98-10/27
J6: B 700,000 6.7500 10.90879 6.26 10 Yr 725.00 12.6900 67.9564 0.282 02/98-10/27
J7: NR 1,225,000 6.7500 10.90879 4.13 10 Yr 2331.37 28.7537* 32.0000 0.144 02/98-10/27
M1: A-7 (z) 4,986,580 6.7500 9.58412 6.62 6.9316 99.0000 3.174 02/98-10/13
M2: show 68,623,159 6.7500 3.56641 3.10 6.4751 100.6652 20.828 02/98-03/06
M3: AAA SEQ (z) 333,375,000 6.7500 5.77003 4.36 6.7679 99.8784 141.230 02/98-10/27
M4: SUB 16,625,000 6.7500 10.90879 7.14 8.0038 91.7517 10.533 02/98-10/27
M5: WHOLELOAN (z) 350,000,000 7.6124 6.01413 4.42 7.2205 101.6916 152.774 02/98-10/27
- ------------------------------------------------------------------------------------------------------------------------------------
(*) Warning: Targeting Price for this class.
- ------------------------------------------------------------------------------------------------------------------------------------
Collateral Price 0.00000
Index Yield
---------- ----------
3 Year Tsy 5.2700
4 Year Tsy 5.2958
5 Year Tsy 5.3200
10 Year Tsy 5.4400
30 Year Tsy 5.7400
Other Index 0.0000
Structure Team
==============
Par Balance: $300,037,500.00 WAM: 356 Bond Dated Date: 01/01/1998 Pay Interest First on Z?
</TABLE>
<PAGE> 12
DONALDSON, LUFKIN & JENRETTE
STRUCTURED FINANCE DEPARTMENT
Jan 27, 1998 18:00:50
Collateral: WHOLE 29Yr WALA/CAGE: 3
Passthrough: 7.612% WAC: 7.902%
Prepay Speed: 275 PSA
Junior Balance: $49,962,500.00 Junior Pct: 14.275%
Settlement Date: 01/30/1998 Prepayment Interest Days: 30
First Payment Day: 02/25/1998
<PAGE> 13
DONALDSON, LUFKIN & JENRETTE
STRUCTURED FINANCE DEPARTMENT
<TABLE>
<CAPTION>
Jan. 16, 1998 14:30:05
Settlement Date: 01/30/1998 HOMESIDE98-1_gen M1 Next Payment Date: 02/25/1998
------------------- Interest Accrues From: 01/01/1998
Class: A-7 Par Balance: $4,986,580 Weighted Average Coupon: 6.750000%
V1 V2 V3 V4 V5
CPR CPR CPR CPR CPR
--------------------------------------
Price Yield Yield Yield Yield Yield
- --------------------------------------------------------
<S> <C> <C> <C> <C> <C>
98.000000 98-00 7.014 7.048 7.099 7.289 7.978
98.125000 99-04 7.000 7.032 7.079 7.252 7.884
98.250000 98-08 6.986 7.015 7.058 7.216 7.791
98.375000 98-12 6.973 6.999 7.037 7.180 7.698
98.500000 98-16 6.959 6.982 7.017 7.144 7.606
98.625000 98-20 6.945 6.966 6.996 7.108 7.514
98.750000 98-24 6.932 6.950 6.976 7.072 7.423
98.875000 98-28 6.918 6.933 6.955 7.037 7.331
99.000000 99-00 6.905 6.917 6.935 7.001 7.241
99.125000 99-04 6.891 6.901 6.914 6.966 7.150
99.250000 99-08 6.878 6.884 6.894 6.930 7.060
99.375000 99-12 6.864 6.868 6.874 6.895 6.970
99.500000 99-16 6.851 6.852 6.854 6.860 6.881
99.625000 99-20 6.838 6.836 6.834 6.825 6.792
99.750000 99-24 6.824 6.820 6.813 6.789 6.704
99.875000 99-28 6.811 6.804 6.793 6.755 6.615
100.000000 100-00 6.798 6.788 6.773 6.720 6.527
Average Life: 17.251 13.106 9.608 4.807 1.686
Mod Dur (99-00): 9.290 7.706 6.164 3.532 1.386
Start Date: 02/1998 02/1998 02/1998 02/1998 02/1998
End Date: 09/2018 08/2015 07/2012 09/2007 11/2004
Collateral Assumptions: Pass=Thru + 7.612%, Wac = 7.902%, Wam = 356, Wala = 3; 30 Days
Interest on Prepayments
- -------------------------------------------------------------------------------------------------------
The computational materials contained herein and the data on which they are based preliminary and
subject to change.
V1:4%(1m), 0% life
V2:4%(1m), 1% life
V3:4%(1m), 2% life
V4:4% life
V5:4%(1m), 6% life
Actual sales of the securities described herein will be made only pursuant to the terms set forth
in a final prospectus.
</TABLE>
<PAGE> 14
DONALDSON, LUFKIN & JENRETTE
STRUCTURED FINANCE DEPARTMENT
<TABLE>
<CAPTION>
Jan. 16, 1998 14:28:23
Settlement Date: 01/30/1998 HOMESIDE98-1_gen M1 Next Payment Date: 02/25/1998
------------------- Interest Accrues From: 01/01/1998
Class: A-7 Par Balance: $4,986,580 Weighted Average Coupon: 6.750000%
100% 150% 200% 275% 280% 300% 350% 400% 450% 500%
PSA PSA PSA PSA PSA PSA PSA PSA PSA PSA
-------------------------------------------------------------------------------
Price Yield Yield Yield Yield Yield Yield Yield Yield Yield Yield
- -------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
98.000000 98-00 6.931 6.948 6.990 7.090 8.805 8.914 9.164 9.386 9.594 9.785
98.125000 98-04 6.924 6.940 6.978 7.070 8.645 8.745 8.974 9.178 9.369 9.544
98.250000 98-08 6.917 6.932 6.967 7.050 8.485 8.576 8.785 8.971 9.144 9.304
98.375000 98-12 6.910 6.923 6.955 7.030 8.326 8.408 8.596 8.764 8.921 9.065
98.500000 98-16 6.903 6.915 6.943 7.010 8.167 8.240 8.408 8.558 8.697 8.826
98.625000 98-20 6.897 6.907 6.932 6.991 8.008 8.072 8.220 8.352 8.475 8.588
98.750000 98-24 6.890 6.898 6.920 6.971 7.850 7.905 8.033 8.147 8.253 8.350
98.875000 98-28 6.883 6.890 6.908 6.951 7.692 7.739 7.846 7.942 8.031 8.113
99.000000 99-00 6.876 6.882 6.897 6.932 7.534 7.572 7.660 7.738 7.810 7.877
99.125000 99-04 6.869 6.874 6.885 6.912 7.377 7.406 7.474 7.534 7.590 7.642
99.250000 99-08 6.862 6.865 6.873 6.892 7.220 7.241 7.289 7.331 7.370 7.407
99.375000 99-12 6.855 6.857 6.862 6.873 7.064 7.076 7.104 7.128 7.151 7.172
99.500000 99-16 6.848 6.849 6.850 6.853 6.908 6.911 6.919 6.926 6.933 6.939
99.625000 99-20 6.842 6.841 6.839 6.834 6.752 6.747 6.735 6.724 6.714 6.705
99.750000 99-24 6.835 6.832 6.827 6.815 6.597 6.583 6.551 6.523 6.497 6.473
99.875000 99-28 6.828 6.824 6.816 6.795 6.442 6.419 6.368 6.323 6.280 6.241
100.000000 100-00 6.821 6.816 6.804 6.776 6.287 6.256 6.185 6.122 6.064 6.010
Average Life: 20.135 16.804 15.090 9.584 0.857 0.811 0.721 0.656 0.606 0.565
Mod Dur (99-00): 18.224 15.201 10.802 6.398 0.798 0.756 0.675 0.616 0.569 0.532
Start Date: 06/2012 10/2009 02/1998 02/1998 02/2998 02/1998 02/1998 02/1998 02/1998 02/1998
End Date: 05/2025 07/2022 12/2018 10/2013 08/1999 07/1999 05/1999 03/1999 02/1999 01/1999
Collateral Assumptions: Pass-Thru = 7.612%, Wac = 7.902%, Wam = 356, Wala = 3; 30 Days
Interest on Prepayments
- -------------------------------------------------------------------------------------------------------
The computational materials contained herein and the data on which they are based are preliminary and
subject to change.
Actual sales of the securities described herein will be made only pursuant to the terms set forth
in a final prospectus.
</TABLE>
<PAGE> 15
DONALDSON, LUFKIN & JENRETTE
STRUCTURED FINANCE DEPARTMENT
Jan. 16, 1998 14:29:21
Settlement Date: 01/30/1998 HOMESIDE98-1_gen M1
---------------------
Next Payment Date: 02/25/1998
Interest Accrues From: 01/01/1998
Class: A-7 Par Balance: $4,986,580 Weighted Average Coupon: 6.750000%
<TABLE>
<CAPTION>
3.0% 4.0% 5.0% 6.0% 7.0% 10.0% 15.0% 20.0% 30.0% 40.0%
CPR CPR CPR CPR CPR CPR CPR CPR CPR CPR
----- ----- ----- ----- ----- ----- ----- ----- ----- -----
Price Yield Yield Yield Yield Yield Yield Yield Yield Yield Yield
- ----------------------- ----- ----- ----- ----- ----- ----- ----- ----- ----- -----
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
98.000000 98-00 7.167 7.289 7.517 8.057 9.430 10.684 12.398 14.131 17.608 20.917
98.125000 98-04 7.140 7.252 7.462 7.957 9.218 10.369 11.941 13.528 16.712 19.738
98.250000 98-08 7.114 7.216 7.407 7.857 9.007 10.055 11.485 12.929 15.821 18.566
98.375000 98-12 7.088 7.180 7.352 7.758 8.796 9.742 11.031 12.331 14.934 17.402
98.500000 98-16 7.062 7.144 7.297 7.659 8.586 9.429 10.578 11.737 14.053 16.247
98.625000 98-20 7.036 7.108 7.243 7.561 8.377 9.118 10.128 11.145 13.177 15.099
98.750000 98-24 7.010 7.072 7.188 7.463 8.168 8.808 9.679 10.556 12.306 13.959
98.875000 98-28 6.984 7.037 7.134 7.365 7.960 8.499 9.231 9.969 11.440 12.827
99.000000 99-00 6.958 7.001 7.080 7.268 7.752 8.190 8.786 9.385 10.578 11.702
99.125000 99-04 6.933 6.966 7.027 7.171 7.545 7.883 8.342 8.803 9.721 10.585
99.250000 99-08 6.907 6.930 6.973 7.075 7.338 7.577 7.900 8.224 8.869 9.476
99.375000 99-12 6.881 6.895 6.920 6.979 7.133 7.271 7.459 7.648 8.022 8.374
99.500000 99-16 6.856 6.860 6.867 6.884 6.927 6.967 7.020 7.074 7.180 7.279
99.625000 99-20 6.830 6.825 6.814 6.788 6.722 6.663 6.583 6.502 6.342 6.192
99.750000 99-24 6.805 6.789 6.761 6.694 6.518 6.360 6.147 5.933 5.509 5.112
99.875000 99-28 6.780 6.755 6.708 6.600 6.315 6.059 5.713 5.366 4.680 4.040
100.000000 100-00 6.754 6.720 6.656 6.506 6.112 5.758 5.280 4.802 3.857 2.974
Average Life: 7.048 4.807 3.016 1.571 0.649 0.433 0.298 0.228 0.155 0.119
Mod Dur (99-00): 4.873 3.532 2.335 1.296 0.606 0.408 0.282 0.215 0.146 0.112
Start Date: 02/1998 02/1998 02/1998 02/1998 02/1998 02/1998 02/1998 02/1998 02/1998 02/1998
End Date: 11/2009 09/2007 01/2006 11/2004 09/1999 11/1998 08/1998 06/1998 05/1998 04/1998
</TABLE>
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Collateral Assumptions: Pass-Thru = 7.612%, Wac = 7.902%, Wam = 356, Wala = 3,
30 Days Interest on Prepayments
The computational materials contained herein and the data on which
they are based are preliminary and subject to change. Actual sales of
the securities described herein will be made only pursuant to the terms
set forth in a final prospectus.
