SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
-----
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (date of earliest event reported) September 18, 1996
The Originators as listed below under a Pooling and Servicing
Agreement dated as of August 31, 1996 providing for the
issuance of The Money Store Asset Backed Certificates, Series
1996-C.
TMS Mortgage Inc.
The Money Store/D.C. Inc.
The Money Store/Kentucky Inc.
The Money Home Equity Corp.
The Money Store/Minnesota Inc.
(Exact name of registrant as specified in its charter)
New Jersey 33-98734 *
(State or other jurisdiction of (Commission (IRS Employer
incorporation) File Number) ID Number)
2840 Morris Avenue, Union, New Jersey 07083
(Address of principal executive offices) (Zip Code)
Registrant's Telephone Number,
including area code: (908) 686-2000
N/A
(Former name or former address, if changed since last report)
* See Schedule A attached hereto
<PAGE>
Item 5. Other Events
This Current Report on Form 8-K is being filed to file a copy of the
Computational Materials (as defined below) of Prudential Securities Incorporated
and Lehman Brothers Inc. ("Underwriters") in connection with the issuance by TMS
Mortgage Inc., The Money Store/D.C Inc., The Money Store/Kentucky Inc., The
Money Store Home Equity Corp. and The Money Store/Minnesota Inc., of The Money
Store Asset Backed Certificates, Series 1996-C. The term "Computational
Materials" shall have the meaning given in the No- Action Letter of May 20, 1994
issued by the Securities and Exchange Commission (the "SEC") to Kidder, Peabody
Acceptance Corporation I, Kidder, Peabody & Co. Incorporated and Kidder
Structured Asset Corporation, as made applicable to other issuers and
underwriters by the Commission in response to the request of the Public
Securities Association dated May 24, 1994, and the supplemented in the No-Action
Letter of February 17, 1995 issued by the SEC to the Public Securities
Association.
Also being filed herewith is the opinion of Stroock & Stroock & Lavan with
respect to tax matters and the consent of Coopers & Lybrand L.L.P., independent
public accountants.
<PAGE>
Item 7. Financial Statements, Pro Forma Financial
Information and Exhibits.
(c) Exhibits
Exhibit No.
8.2 Opinion of Stroock & Stroock &
Lavan with respect to tax matters.
23.2 Consent of Stroock & Stroock & Lavan
(included in Exhibit 8.2)
23.3 Consent of Coopers & Lybrand, L.L.P.
99.1 Computational Materials of Prudential
Securities Incorporated.
99.2 Computational Materials of Lehman
Brothers Inc.
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
The Money Store/Minnesota Inc.
The Money Store/D.C. Inc.
The Money Store/Kentucky Inc.
The Money Store Home Equity Corp.
TMS Mortgage Inc.
By: /s/Morton Dear
Name: Morton Dear
Title: Executive Vice President
Dated: September 25, 1996
<PAGE>
Schedule A
TMS Mortgage Inc. 22-3217781
The Money Store/D.C. Inc. 22-2133027
The Money Store/Kentucky Inc. 22-2459832
The Money Store/Home Equity Corp. 22-2522232
The Money Store/Minnesota Inc. 22-3003495
<PAGE>
EXHIBIT INDEX
Exhibit Description of Exhibit
8.2 Opinion of Stroock & Stroock & Lavan with
respect to tax matters
23.2 Consent of Stroock & Stroock & Lavan (included in
Exhibit 8.2)
23.3 Consent of Coopers & Lybrand, L.L.P.
99.1 Computational Materials of Prudential Securities
Incorporated
99.2 Computational Materials of Lehman Brothers Inc.
September 25, 1996
The Money Store Inc.
2840 Morris Avenue
Union, New Jersey 07083
Re: THE MONEY STORE INC. REGISTRATION STATEMENT ON FORM S-3
Gentlemen:
We have acted as counsel for The Money Store Inc., a New Jersey Corporation (the
"Company"), and certain of its subsidiaries (the "Originators") in connection
with the authorization and issuance from time to time in one or more series of
TMS Asset Backed Certificates (the "Certificates"). A Registration Statement on
Form S-3 (Registration No. 33-98734) relating to the Certificates (the
"Registration Statement") has been filed with the Securities and Exchange
Commission under the Securities Act of 1933, as amended, and was declared
effective on March 19, 1996. As set forth in the Registration Statement, the
Certificates will be issued from time to time in series by separate trusts
(each, a "Trust") established by the Company pursuant to the conditions of a
separate pooling and servicing agreement (each, a "Pooling and Servicing
Agreement") for each such series among the Company, the Originators and an
independent trustee identified therein (each, a "Trustee").
We have examined original or reproduced or certified copies of the Restated
Certificate of Incorporation and By-laws of the Company, each as amended to
date, records of actions taken by the Company's Board of Directors, a form of
Pooling and Servicing Agreement, forms of Certificates and the prospectus and
prospectus supplement relating to TMS Asset Backed Certificates (the "Asset
Backed Prospectus"), each as amended through the date hereof. We also have
examined such other documents, papers, statutes and authorities as we deem
necessary as a basis for the opinion hereinafter set forth. In our examination
of such material, we have assumed the genuineness of all signatures and the
conformity to original documents of all copies submitted to us as certified or
reproduced copies. As to various matters material to such opinion, we have
relied upon the representations and warranties in the form of Pooling and
Servicing Agreement and statements and certificates of officers and
representatives of the Company and others.
Based upon the foregoing, we are of the opinion that the information in the
Asset Backed Prospectus under the caption "Federal Income Tax Consequences" sets
forth our opinion with respect to the material Federal income tax consequences
of an investment in the Certificates.
In rendering the foregoing opinion, we express no opinion as to laws of any
jurisdiction other than the State of New York and the Federal law of the United
States of America.
We hereby consent to the filing of this opinion as an exhibit to the
Registration Statement, to the references to us in the Asset Backed Prospectus
and to the filing of this opinion as an exhibit to any application made by or on
behalf of the Company or any dealer in connection with the registration of the
Certificates under the securities or blue sky laws of any state or jurisdiction.
In giving such permission, we do not admit hereby that we come within the
category of persons whose consent is required under Section 7 of the Securities
Act of 1933 or the General Rules and Regulations of the Securities and Exchange
Commission thereunder.
Very truly yours,
STROOCK & STROOCK & LAVAN
CONSENT OF INDEPENDENT ACCOUNTANTS
We consent to the incorporation by reference in this Prospectus Supplement
dated September 24, 1996 of our report dated January 22, 1996, on our audits of
the consolidated financial statements of MBIA Insurance and Subsidiaries as of
December 31, 1995 and 1994 and for the three years ended December 31, 1995. We
also consent to the reference to our firm under the caption "Experts"
Coopers & Lybrand L.L.P.
September 24, 1996
New York, New York
Preliminary Information for TMS Trust 1996-C
- The Money Store Inc.
Seller and Servicer
- TMS Trust 1996-C
[$119,933,000] Class A-1 Certificates [ %]
[$ 27,566,000] Class A-2 Certificates [ %]
[$ 73,943,000] Class A-3 Certificates [ %]
[$ 50,983,000] Class A-4 Certificates [ %]
[$111,625,000] Class A-5 Certificates 1m LIBOR + [ %]
[$ 49,685,000] Class A-6 Certificates [ %]
[$ 41,265,000] Class A-7 Certificates [ %]
[$215,000,000] Class A-8 Certificates 1M LIBOR + [ %]
[$ 60,000,000] Class A-9 Certificates 1M LIBOR + (Auction-Rate)
[$ 63,091,000] Class A-10 Certificates 1M LIBOR + [ %]
[$ 35,637,000] Class A-11 Certificates [ %]
[$ 17,272,000] Class A-12 Certificates [ %]
[$ 15,073,000] Class A-13 Certificates [ %]
[$ 18,927,000] Class A-14 Certificates [ %]
[$ 25,000,000] Class A-15 Certificates [ %]
The analysis in this report is accurate to the best of PSI's knowledge and is
based on information provided by the Seller. PSI makes no representations as to
the accuracy of such information provided to it by the Seller. All assumptions
and information in this report reflect PSI's judgment as of this date and are
subject to change. All analyses are based on certain assumptions noted herein
and different assumptions could yield substantially different results. You are
cautioned that there is no universally accepted method for analyzing financial
instruments. You should review the assumptions; there may be differences
between these assumptions and your actual business practices. Further, PSI does
not guarantee any results and there is no guarantee as to the liquidity of the
instruments involved in this analysis. The decision to adopt any strategy
remains your responsibility. PSI (or any of its affiliates) or their officers,
directors, analysts or employees may have positions in securities, commodities
or derivative instruments thereon referred to here, and may, as principal or
agent, buy or sell such securities, commodities or derivative instruments. In
addition, PSI may make a market in the securities referred to herein. Neither
the information nor the assumptions reflected herein shall be construed to be,
or constitute, an offer to sell or buy or a solicitation of an offer to sell or
buy any securities, commodities or derivative instruments mentioned herein. No
sale of any securities, commodities or derivative instruments should be
consumated without the purchaser first having received a prospectus and, if
required, prospectus supplement. Finally, PSI has not addressed the legal,
accounting and tax implications of the analysis with respect to you, and PSI
strongly urges you to seek advice from your counsel, accountant and tax
advisor.
<PAGE>
TMS Trust 1996-C
Title of Securities: TMS Trust 1996-C, Classes A-1 through A-15
(collectively, the "Certificates").
Description of
Transaction: This approximately $925,000,00 MBIA-wrapped
transaction is supported by four distinct collateral types.
The Class A-1 through A-7 Certificates are backed by
fixed-rate home equity mortgage loans. Classes A-1, A-2,
A-3, A-4, A-6 and A-7 are fixed-rate bonds, and Class A-5
is a floating-rate bond. The Class A-5 Certificates are
subject to a hard cap of [14%] as described below.
Certificate Classes A-8 and A-9 are floating-rate
classes backed by adjustable-rate home equity mortgage
loans. The Class A-8 and Class [A-9] Certificates are
subject to an available funds cap and feature an interest
shortfall reimbursement, in which any interest shortfall
due to movements in one-month LIBOR will be carried
forward, with accrued interest at the coupon rate, and paid
from excess cash flow from the adjustable-rate collateral
in a later period. The Class A-8 Certificates are also
subject to a hard cap of [14%]. [The Class A-9 Certificates
are auction rate certificates, the coupon for which will be
determined monthly, subject to a hard cap of [ %] as
described below.]
The Class A-10 through A-14 Certificates are backed by
fixed-rate home improvement loans, approximately [ ]% of
which are FHA Title I loans. The Class A-10 Certificates
are floating-rate bonds, subject to a Net Funds Cap as
described below. Classes A-11 through A-14 are fixed-rate
bonds.
The Class A-15 Certificates are backed by multi-family
mortgage loans.
Excess spread from each of the four collateral pools
will be available to credit-enhance the Certificates
supported by the other pools through
cross-collateralization. The MBIA insurance policy does not
cover payment of the interest shortfall reimbursement.
CERTIFICATE CLASSES A-1 THROUGH A-7 (SUPPORTED BY FIXED-RATE HOME
EQUITY MORTGAGE LOANS)
- -----------------------------------------------------------------
<TABLE>
<S> <C> <C>
Settlement Date: [September 27, 1996]
Dated Date: A-1, A-2, A-3 ,A-4, A-6, A-7: September 1, 1996 A-5: September 15, 1996
Prepayment Assumption: [23% HEP]--Actual prepayments may vary.
</TABLE>
<TABLE>
<S> <C> <C> <C> <C>
Class A-1 Class A-2 Class A-3 Class A-4
Approximate Size [119,933,000] [27,566,000] [73,943,000] [50,983,000]
Avg. Life to Maturity: (app.) [0.9] [2.0] [3.1] [5.0]
Avg. Life to Call: (app.) [0.9] [2.0] [3.1] [5.0]
Coupon
Coupon Day Count 30/360 30/360 30/360 30/360
Expected Maturity (to maturity) [07/15/98] [12/15/98] [11/15/00] [08/15/02]
Expected Maturity (to call) [07/15/98] [12/15/98] [11/15/00] [08/15/02]
Stated Maturity [08/15/08] [01/15/10] [03/15/17] [09/15/21]
Class A-5 Class A-6 Class A-7
(Floater)
Approximate Size [111,625,000] [49,685,000] [41,265,000]
Avg. Life to Maturity: (app.) [1.9] [7.0] [11.0]
Avg. Life to Call: (app.) [1.9] [7.0] [8.9]
Coupon 1m LIBOR + [ %]*
Coupon Day Count Actual/360 30/360 30/360
Expected Maturity (to maturity) [06/15/01] [03/15/05] [09/15/13]
Expected Maturity (to call) [06/15/01] [03/15/05] [08/15/05]
Stated Maturity [02/15/19] [06/15/24] [12/15/27]
* Net Funds Cap: The Class A-5 will be subject to a Net
Funds Cap equal to the weighted average net coupon rate
(i.e., the weighted average coupon rate less [0.60%]
for servicing fees, trustee fees and certificate
insurer premiums) for the Pool 1 fixed-rate collateral
for such Distribution Date. However, excess spread that
remains on a monthly basis after overcollateralization
requirements have been met for all four collateral
pools is available to pay interest to the Class A-5 up
to a hard cap of [14%]. The MBIA insurance policy does
not cover payment of interest above the Net Funds Cap.
</TABLE>
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE
SUCH A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED
FINANCIAL ADVISOR IMMEDIATELY.
<PAGE>
TMS Trust 1996-C
CERTIFICATE CLASSES A-8 AND A-9 (SUPPORTED BY ADJUSTABLE-RATE HOME
EQUITY MORTGAGE LOANS)
- ------------------------------------------------------------------
Settlement Date: [September 27, 1996]
Dated Date: A-8: [September 15, 1996] A-9: [September 27, 1996]
Prepayment Assumption: [25% HEP]--Actual prepayments may vary.
Class A-8 Class A-9
Approximate Size: [215,000,000] [60,000,000]
Avg. Life to Maturity (app.) [2.1] [8.4]
Avg. Life to Call (app.) [2.1] [7.5]
1M LIBOR + [ %] 1M LIBOR + [ %]
Coupon*: (Class A-8 and A-9 Certificates are subject to an available
funds cap, and subject to hard caps of 14% and [ %],
respectively) (Class A-8 certificates are entitled to
interest shortfall reimburment)
Coupon Day Count: Actual/360 Actual/360
Life Cap:
Expected Maturity (to maturity): [01/15/02] [07/15/14]
Expected Maturity (to call): [01/15/02] [08/15/05]
Stated Maturity: [07/15/24] [12/15/27]
Auction Class
Description: Certificate Class A-9 is an auction rate class that
pays a coupon to investors that is reset monthly through a
Dutch Auction. In a Dutch Auction, investors submit orders
in the auction through an eligible broker/dealer, who
submits its clients' orders to an auction agent. The
auction agent processes all orders submitted and determines
the winning rate. The broker/dealers then are notified by
the auction agent of the winning rate, who then in turn
notify their clients of the new certificate coupon. The
winning rate is the lowest rate at which all available
certificates clear the market. This rate will be in effect
for the next month, at which time another Dutch Auction is
conducted and the coupon rate is reset. Authorized
denominations are $25,000 (minimum) and any integral
multiples thereof. The Class A-9 Certificates are not money
market eligible under Rule 2a-7 of the general rules and
regulations under the Investment Company Act of 1940.
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE
SUCH A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED
FINANCIAL ADVISOR IMMEDIATELY.
<PAGE>
TMS Trust 1996-C
<TABLE>
<CAPTION>
CERTIFICATE CLASSES A-10, A-11, A-12, A-13 and A-14 (SUPPORTED BY FIXED-RATE FHA TITLE I AND CONVENTIONAL HOME IMPROVEMENT LOANS)
- ---------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C>
Settlement Date: [September 27, 1996]
Dated Date: A-10: September 15, 1996 A-11, A-12, A-13 and A-14: September 1, 1996
Prepayment Assumption: [17% HEP]--Actual prepayments may vary.
</TABLE>
<TABLE>
<CAPTION>
Class A-10 Class A-11 Class A-12 Class A-13 Class A-14
(SEQ Floater) (SEQ) (SEQ) (SEQ) (SEQ)
Approximate Size: [63,091,000] [35,637,000] [17,272,000] [15,073,000] [18,927,000]
<S> <C> <C> <C> <C> <C>
Avg. Life to Maturity: (app.) [1.0] [3.0] [5.0] [7.0] [11.3]
Avg. Life to Call: (app.) [1.0] [3.0] [5.0] [7.0] [8.8]
Coupon: 1M LIBOR + [ %]*
Coupon Day Count Actual/360 30/360 30/360 30/360 30/360
Expected Maturity (to maturity): [10/15/98] [11/15/00] [09/15/02] [12/15/04] [02/15/15]
Expected Maturity (to call): [10/15/98] [11/15/00] [09/15/02] [12/15/04] [08/15/05]
Stated Maturity: [10/15/06] [07/15/10] [06/15/13] [08/15/15] [12/15/22]
* Pool 3 Net Funds Cap: A rate equal to the
weighted average net coupon rate (i.e., the
weighted average coupon rate less [0.80%] for
servicing fees, trustee fees and certificate
insurer premiums, less the FHA Insurance
Premium (for FHA Title 1 Loans only) for the
Pool 3 fixed-rate collateral for such
Distribution Date.
</TABLE>
CERTIFICATE CLASS A-15 (SUPPORTED BY MULTI-FAMILY MORTGAGE LOANS)
- ------------------------------------------------------------------------------
Settlement Date: [September 27, 1996]
Dated Date: September 1, 1996
Prepayment Assumption: [2% CPR months 1-48; 10% CPR beginning month 49
adjusted for seasoning] --Actual prepayments may vary.
Class A-15
Approximate Size: [25,000,000]
Avg. Life to Maturity: (app.) [6.8]
Avg. Life to Call: (app.) [5.1]
Coupon:
Coupon Day Count: 30/360
Expected Maturity (to maturity): [12/15/23]
Expected Maturity (to call): [08/15/05]
Stated Maturity: [12/15/27]
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE
SUCH A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED
FINANCIAL ADVISOR IMMEDIATELY.
<PAGE>
TMS Trust 1996-C
Cleanup Call:
(All Certificate
Classes)
The Servicer may repurchase the
collateral and, as a result, cause the Certificates
to be called at par plus accrued interest after the
remaining balances of the loans are less than 10%
of the sum of the i) the aggregate principal
balances of the initial Home Equity Loans, the
Initial Home Improvement Loans and the Initial
Multi-Family Loans as of the cut-off date and ii)
the original Pre-Funded Amount.
Collateral Pool 1: Fixed-rate home equity mortgage loans secured
(Supports Certificate primarily by one-to-four family residences
Classes A-1 through A-7,
app. $475,000,000)
Collateral Pool 2: Adjustable-rate home equity mortgage loans secured
(Supports Certificate by one-to-four family residences.
Classes A-8 and A-9,
app. $275,000,000)
Collateral Pool 3: Fixed-rate home improvement loans,
FHA Title I Loan Program approximately [20%] of which were originated
pursuant to the (Supports Certificate Class A-10
through A-14, app. $150,000,000)
Collateral Pool 4: Fixed-rate multi-family mortgage
(Supports Certificate loans, secured by five or more unit residential or
Class A-15, app mixed-use residential and commercial properties.
$25,000,000)
Cross-
Collateralization: Excess spread from each of the four
collateral pools will be available to credit
enhance all Certificates supported by the other
pools, pro-rata, based on their needs.
Form of Certificates: Book entry form, same day funds
(through DTC, CEDEL or Euroclear).
Servicer: The Money Store Inc.
Servicing Fee: 50 basis points per annum.
Trustee: Bank of New York (for fixed-rate home
equity loans, adjustable-rate home equity loans,
and multi- family mortgage loans).
Co-Trustee: First Bank N.A. (for fixed-rate FHA Title I and
conventional home improvement loans).
Payment Date: The 15th day of each month or, if
such day is not a business day, the next succeeding
business day, beginning on [October 15, 1996].
Payment Delay: 14 days for Certificate Classes A-1
through A-4, A-6 and A-7, and A-11 through A-15.
There will be no delay for Certificate Classes A-5,
A-8, A-9 and A-10.
Interest Accrual
Period: Interest will accrue from the 1st day
of the preceeding month until the 30th day of the
preceeding month for Certificate Classes A-1
through A-4, A-6 and A-7, and A-11 through A-15
based on a 30/360 day count. For Certificate
Classes A-5, A-8, A-9 and A-10 interest will accrue
from the 15th date of the preceeding month until
the 14th day of the current month based on an
actual/360 day count. The Class A-5, A-8, and A-10
Certificates will accrue interest from [September
15, 1996]. The Class A-9 Certificates will accrue
interest from the settlement date [September 27,
1996].
Certificate Ratings: The Certificates will be rated
AAA/Aaa by Standard & Poor's and Moody's,
respectively. These ratings will not address the
interest shortfall reimbursement.
Certificate Insurer: Municipal Bond Investors Assurance
Corporation ("MBIA"). MBIA's claims-paying ability
is rated AAA/Aaa by Standard and Poor's and
Moody's.
Certificate Insurance: Timely interest and eventual
principal payments on the Certificates will be 100%
guaranteed by MBIA. The insurance policy does not
include the interest shortfall reimbursement or
interest in excess of the Net Funds Cap for the
Class A-5 or A-8 Certificates.
Prefunding Account: Less than 10% of the fixed-rate home
equity collateral supporting Certificate Classes
A-1 through A-7 will be prefunded. Less than 10% of
the adjustable-rate home equity collateral
supporting Certificate Classes A-8 and A-9 will be
prefunded. Less than 10% of the fixed-rate Title I
and conventional home improvement loan collateral
supporting Certificate Classes A-10 through A-14
will be prefunded. Less than 10% of the fixed-rate
multi-family loan collateral supporting Certificate
Class A-15 will be prefunded.
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH A
DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED FINANCIAL
ADVISOR IMMEDIATELY.
<PAGE>
TMS Trust 1996-C
Overcollateralization: The subordination provisions of the
Trust are intended to provide for limited
acceleration of the Certificates relative to the
amortization of the related collateral, generally
in the early months of the transaction. The
accelerated amortization is achieved by applying
certain excess interest collected on the collateral
to the payment of principal on the Certificates.
This acceleration feature is intended to create,
with respect to each Collateral Pool, an amount
("Overcollateralization") resulting from, and equal
to, the excess of the aggregate principal balances
of the Collateral Pool over the principal balance
of the related Certificates. Once the required
Overcollateralization level is reached, the
acceleration feature will cease, unless necessary
to maintain the required level of
Overcollateralization.
CERTIFICATE CLASSES A-1 THROUGH A-7
(supported by fixed-rate home equity mortgage
loans) Excess spread will be used to build the
Spread Amount to an initial target of [TBD]% of the
original principal balance. After 30 months, the
Spread Amount requirement will be changed to the
lesser of [TBD]% of original principal balance or
[TBD]% of current principal balance, subject to a
floor of [TBD]% of original principal balance.
CERTIFICATE CLASSES A-8 AND A-9
(supported by adjustable-rate home equity mortgage
loans) Excess spread will be used to build the
Spread Amount to an initial target of [TBD]% of the
original principal balance. After 30 months, the
Spread Amount requirement will be changed to the
lesser of [TBD]% of original principal balance or
[TBD]% of current principal balance, subject to a
floor of [TBD]% of original principal balance.
CERTIFICATE CLASSES A-10 THROUGH A-14
(supported by fixed-rate FHA Title I and
conventional home improvement loans) An initial
deposit of [TBD]% of the original principal balance
will be required. Excess spread will be used to
build the Spread Amount to an initial target of
[TBD]% of the original principal balance. After 30
months, the Spread Amount requirement will be
changed to the lesser of [TBD]% of the original
principal balance or [TBD]% of current principal
balance, subject to a floor of [TBD]% of original
principal balance.
CERTIFICATE CLASS A-15 (supported by
fixed-rate multi-family mortgage loans) An initial
deposit of [TBD]% of the original principal balance
will be required. Excess spread will be used to
build the Spread Amount to an initial target of
[TBD]% of the original principal balance. After 30
months, the Spread Amount requirement will be
changed to the lesser of [TBD]% of the original
principal balance or [TBD]% of current principal
balance, subject to a floor of [TBD]% of original
principal balance.
Cashflow Structure: Interest Payments are applied as follows:
CERTIFICATE CLASSES A-1 THROUGH A-7
(supported by fixed-rate home equity mortgage
loans) 1) Ongoing Trust Fees; 2) Repayment of any
unreimbursed Servicer advances with respect to
defaulted loans; 3) Accrued monthly interest (for
Class A-5, subject to Net Funds Cap as described
above); 4) Paydown of Certificates to the required
level of Overcollateralization; 5) Interest to
Class A-5 above the Net Funds Cap, subject to [14%]
hard cap (if any); 6) Any excess cash flow reverts
to the Seller.
CERTIFICATE CLASSES A-8 AND A-9
(supported by adjustable-rate home equity mortgage
loans) 1) Ongoing Trust Fees; 2) Repayment of any
unreimbursed Servicer advances with respect to
defaulted loans; 3) Interest Carryover (if any); 4)
Accrued monthly interest, subject to the available
funds cap; 5) Paydown of Certificates to the
required level of Overcollateralization; 6)
Interest to Class A-5 above the Net Funds Cap,
subject to [14%] hard cap (if any); 7) Any excess
cash flow reverts to the Seller.
CERTIFICATE CLASSES A-10 through A-14
(supported by fixed-rate FHA Title I and
conventional home improvement loans) 1) FHA
Insurance Premium Amount (0.50%, for FHA Title I
loans only); 2) Ongoing Trust Fees; 3) Repayment of
any unreimbursed Servicer advances with respect to
defaulted loans; 4) Accrued monthly interest, (for
Class A-10, subject to Net Funds Cap as described
above); 5) Paydown of Certificates to the required
level of Overcollateralization; 6) Interest to
Class A-5 above the Net Funds Cap, subject to [14%]
hard cap (if any); 7) Any excess cash flow reverts
to the Seller.
CERTIFICATE CLASS A-15 (supported by
multi-family mortgage loans) 1) Ongoing Trust Fees;
2) Repayment of any unreimbursed Servicer advances
with respect to defaulted loans; 3) Accrued monthly
interest; 4) Paydown of Certificates to the
required level of Overcollateralization; 5)
Interest to Class A-5 above the Net Funds Cap,
subject to [14%] hard cap (if any); 6) Any excess
cash flow reverts to the Seller.
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH A
DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED FINANCIAL
ADVISOR IMMEDIATELY.
<PAGE>
TMS Trust 1996-C
Cashflow Structure: Principal payments are applied as follows:
CERTIFICATE CLASSES A-1 THROUGH A-7 (supported by
fixed-rate home equity mortgage loans) 1) 32% to Class
A-5 until Class A-5 is retired,
and concurrently,
68% to Classes A-1, A-2, A-3 and A-4 sequentially
until Class A-5 is retired, at which time Class A-4
will receive 100% until retired;
2) 100% to Class A-6 until Class A-6 is retired;
3) 100% to Class A-7 until Class A-7 is retired.
CERTIFICATE CLASSES A-8 AND A-9 (supported by
adjustable-rate home equity mortgage loans) 1) 100% to
Class A-8 until Class A-8 is retired; 2) 100% to Class
A-9 until Class A-9 is retired.
CERTIFICATE CLASSES A-10 THROUGH A-14
(supported by FHA Title I and conventional home
improvement loans) 1) 100% to Class A-10 until
Class A-10 is retired; 2) 100% to Class A-11 until
Class A-11 is retired; 3) 100% to Class A-12 until
Class A-12 is retired; 4) 100% to Class A-13 until
Class A-13 is retired; 5) 100% to Class A-14 until
Class A-14 is retired.
CERTIFICATE CLASS A-15 (supported by multi-family
mortgage loans) 1) 100% to Class A-15 until Class A-15
is retired.
Credit Enhancement: 1) 100% wrap from MBIA guarantees
timely payment of interest and eventual principal
(excluding interest shortfall reimbursement). 2)
Overcollateralization. 3) Cross-Collateralization.
4) Ongoing spread.
Pricing Date: [September 20, 1996]
Settlement Date: [September 27, 1996]
ERISA
Considerations: [All of the Certificates will be ERISA eligible.]
Taxation: REMIC.
Legal Investment: The Certificates will not be SMMEA eligible.
Prospectus: The Certificates are being offered pursuant to a
Prospectus which includes a Prospectus Supplement
(together, the "Prospectus"). Complete information
with respect to the Certificates and the Collateral is
contained in the Prospectus. The foregoing is
qualified in its entirety by the information appearing
in the Prospectus. To the extent that the foregoing is
inconsistent with the Prospectus, the Prospectus shall
govern in all respects. Sales of the Certificates may
not be consumated unless the purchaser has received
the Prospectus.
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH A
DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED FINANCIAL
ADVISOR IMMEDIATELY.
<PAGE>
TMS Trust 1996-C
(I)[Available Funds information on Certificate A-5 Floating Rate Tranche:
Av Funds
Date Cap
- ----------------------- ---------
10/15/96 to 02/15/98 10.82% (= Gross WAC - Service Fee - Other Ongoing Fees)
03/15/98 and thereafter 14.00% less than = the less of
a)Gross WAC - Service Fee - Other Ongoing
Fees + Excess cash that would otherwise
have been available to the residual from
all four collateral groups, and b)hard cap
of [14.00%]}
(II)[Available Funds information on Certificate A-8 Floating Rate Tranche:
The Class A-8 Certificates are subject to an available funds cap:
Available Funds on A8 = (Group 2 Collateral Interest -
Service Fee - Ongoing Trust Fees - MBIA cushion -
Interest Paid to A-9)/ (Bond Balance of Classes
A-8)] where
Service Fee assumed to be 50bp
Ongoing Trust Fee assumed to be 12bp
MBIA Cushion assumed to be 0 for months 0-12; 50bp thereafter
Interest Coupon on A-9 assume to be 1M LIBOR + 22bp
A-8 Available
Date Funds Cap
- ------------------------
10/15/96 10.38
11/15/96 9.80
12/15/96 9.94
1/15/97 9.99
2/15/97 10.54
3/15/97 11.18
4/15/97 11.30
5/15/97 11.74
6/15/97 11.81
7/15/97 12.00
8/15/97 12.32
9/15/97 12.80
10/15/97 12.40
11/15/97 12.51
12/15/97 12.67
1/15/98 12.67
2/15/98 12.81
3/15/98 13.18
4/15/98 13.02
5/15/98 13.22
6/15/98 13.24
7/15/98 13.46
8/15/98 13.48
9/15/98 13.61
10/15/98 13.86
11/15/98 13.89
12/15/98 14.17
1/15/99 14.21
2/15/99 14.39
3/15/99 15.00
4/15/99 14.77
5/15/99 15.14
6/15/99 15.22
7/15/99 15.63
8/15/99 15.68
9/15/99 15.91
10/15/99 16.36
11/15/99 16.44
12/15/99 16.96
1/15/00 17.06
2/15/00 17.41
3/15/00 18.31
4/15/00 18.21
5/15/00 18.96
6/15/00 19.18 .....
(III)[Available Funds information on Certificate A-10 Floating Rate Tranche]:
Date Available Funds (= Gross WAC - Service Fee - Other
Ongoing Fees)
- ------------------ -------------------
10/15/96 - 01/15/99 11.09
02/15/99 - 06/15/01 11.08 .....
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH A
DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED FINANCIAL
ADVISOR IMMEDIATELY.
<PAGE>
Financial Strategies 09/18/96 11:58:40 am Prudential Securities
Group IMPACT CMO/ABS Analytics - Price / Yield Tables Incorporated
Deal ID/CUSIP MON6C Coupon N/A
Class A1 FIXED Accr 0.48931 1st Pmt 10/15/96
Collateral (Real) Factor on / /
N/GWAC (Orig) / (10.407/10.907) LIBOR-1M
WAM (Orig) (24.191) Mat N/A Settle 09/27/96
FIXED HEP 23.00 HEP 17.00 HEP 19.00 HEP 21.00 HEP 25.00 HEP 27.00 HEP 29.00
ARMS HEP 25.00 HEP 25.00 HEP 25.00 HEP 25.00 HEP 25.00 HEP 25.00 HEP 25.00
HOME IMP HEP 17.00 HEP 17.00 HEP 17.00 HEP 17.00 HEP 17.00 HEP 17.00 HEP 17.00
MULTI CPR VEC(1) CPR 10.00 CPR 10.00 CPR 10.00 CPR 10.00 CPR 10.00 CPR 10.00
----- --------- --------- --------- --------- --------- --------- ---------
99-29 6.669 6.708 6.695 6.682 6.657 6.645 6.633
99-29+ 6.650 6.693 6.679 6.664 6.637 6.624 6.612
99-30 6.632 6.678 6.662 6.647 6.618 6.603 6.590
99-30+ 6.613 6.663 6.646 6.630 6.598 6.583 6.568
99-31 6.595 6.648 6.630 6.612 6.578 6.562 6.546
99-31+ 6.576 6.633 6.614 6.595 6.559 6.541 6.524
100-00 6.558 6.619 6.598 6.577 6.539 6.520 6.503
100-00+ 6.539 6.604 6.581 6.560 6.519 6.500 6.481
100-01 6.521 6.589 6.565 6.543 6.500 6.479 6.459
100-01+ 6.502 6.574 6.549 6.525 6.480 6.458 6.437
100-02 6.484 6.559 6.533 6.508 6.460 6.438 6.415
100-02+ 6.465 6.544 6.517 6.491 6.441 6.417 6.394
100-03 6.447 6.529 6.501 6.473 6.421 6.396 6.372
100-03+ 6.428 6.514 6.485 6.456 6.402 6.376 6.350
100-04 6.410 6.499 6.468 6.439 6.382 6.355 6.328
Avg. Life 0.899 1.128 1.037 0.963 0.846 0.800 0.760
Mod. Dur. 0.840 1.041 0.962 0.896 0.792 0.750 0.714
1st Pmt. 0.050 0.050 0.050 0.050 0.050 0.050 0.050
Last Pmt. 1.800 2.300 2.050 1.883 1.633 1.550 1.467
Financial Strategies 09/18/96 11:59:28 am Prudential Securities
Group IMPACT CMO/ABS Analytics - Price / Yield Tables Incorporated
Deal ID/CUSIP MON6C Coupon N/A
Class A2 FIXED Accr 0.49653 1st Pmt 10/15/96
Collateral (Real) Factor on / /
N/GWAC (Orig) / (10.407/10.907) LIBOR-1M
WAM (Orig) (24.191) Mat N/A Settle 09/27/96
FIXED HEP 23.00 HEP 17.00 HEP 19.00 HEP 21.00 HEP 25.00 HEP 27.00 HEP 29.00
ARMS HEP 25.00 HEP 25.00 HEP 25.00 HEP 25.00 HEP 25.00 HEP 25.00 HEP 25.00
HOME IMP HEP 17.00 HEP 17.00 HEP 17.00 HEP 17.00 HEP 17.00 HEP 17.00 HEP 17.00
MULTI CPR VEC(1)CPR 10.00 CPR 10.00 CPR 10.00 CPR 10.00 CPR 10.00 CPR 10.00
----- --------- --------- --------- --------- --------- --------- ---------
99-29 6.878 6.899 6.892 6.885 6.871 6.864 6.857
99-29+ 6.870 6.893 6.885 6.877 6.862 6.854 6.847
99-30 6.861 6.886 6.878 6.869 6.853 6.844 6.836
99-30+ 6.852 6.879 6.870 6.861 6.843 6.835 6.826
99-31 6.844 6.873 6.863 6.853 6.834 6.825 6.815
99-31+ 6.835 6.866 6.856 6.845 6.825 6.815 6.805
100-00 6.827 6.859 6.848 6.837 6.816 6.805 6.794
100-00+ 6.818 6.852 6.841 6.829 6.806 6.795 6.784
100-01 6.809 6.846 6.834 6.821 6.797 6.785 6.773
100-01+ 6.801 6.839 6.826 6.813 6.788 6.775 6.763
100-02 6.792 6.832 6.819 6.806 6.779 6.766 6.753
100-02+ 6.784 6.826 6.812 6.798 6.769 6.756 6.742
100-03 6.775 6.819 6.804 6.790 6.760 6.746 6.732
100-03+ 6.766 6.812 6.797 6.782 6.751 6.736 6.721
100-04 6.758 6.805 6.790 6.774 6.742 6.726 6.711
Avg. Life 2.000 2.618 2.373 2.170 1.853 1.728 1.621
Mod. Dur. 1.808 2.318 2.118 1.951 1.683 1.577 1.484
1st Pmt. 1.800 2.300 2.050 1.883 1.633 1.550 1.467
Last Pmt. 2.217 2.967 2.717 2.467 2.050 1.967 1.800
(1) 2 CPR for the first 48 months/10 CPR thereafter adjusted for seasoning
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH A
DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED FINANCIAL
ADVISOR IMMEDIATELY.
<PAGE>
Financial Strategies 09/18/96 11:59:40 am Prudential Securities
Group IMPACT CMO/ABS Analytics - Price / Yield Tables Incorporated
Deal ID/CUSIP MON6C Coupon N/A
Class A3 FIXED Accr 0.51097 1st Pmt 10/15/96
Collateral (Real) Factor on / /
N/GWAC (Orig) / (10.407/10.907) LIBOR-1M
WAM (Orig) (24.191) Mat N/A Settle 09/27/96
FIXED HEP 23.00 HEP 17.00 HEP 19.00 HEP 21.00 HEP 25.00 HEP 27.00 HEP 29.00
ARMS HEP 25.00 HEP 25.00 HEP 25.00 HEP 25.00 HEP 25.00 HEP 25.00 HEP 25.00
HOME IMP HEP 17.00 HEP 17.00 HEP 17.00 HEP 17.00 HEP 17.00 HEP 17.00 HEP 17.00
MULTI CPR VEC(1)CPR 10.00 CPR 10.00 CPR 10.00 CPR 10.00 CPR 10.00 CPR 10.00
----- --------- --------- --------- --------- --------- --------- ---------
99-27 7.136 7.145 7.142 7.139 7.132 7.129 7.126
99-27+ 7.130 7.141 7.137 7.134 7.126 7.122 7.119
99-28 7.124 7.136 7.132 7.128 7.120 7.116 7.112
99-28+ 7.118 7.132 7.127 7.123 7.114 7.109 7.104
99-29 7.113 7.127 7.122 7.117 7.108 7.102 7.097
99-29+ 7.107 7.123 7.117 7.112 7.101 7.096 7.090
99-30 7.101 7.118 7.112 7.107 7.095 7.089 7.083
99-30+ 7.095 7.114 7.108 7.101 7.089 7.082 7.076
99-31 7.089 7.109 7.103 7.096 7.083 7.076 7.069
99-31+ 7.084 7.105 7.098 7.091 7.076 7.069 7.062
100-00 7.078 7.100 7.093 7.085 7.070 7.063 7.055
100-00+ 7.072 7.095 7.088 7.080 7.064 7.056 7.048
100-01 7.066 7.091 7.083 7.075 7.058 7.049 7.041
100-01+ 7.060 7.086 7.078 7.069 7.052 7.043 7.033
100-02 7.055 7.082 7.073 7.064 7.045 7.036 7.026
Avg. Life 3.100 4.100 3.706 3.377 2.862 2.656 2.475
Mod. Dur. 2.683 3.427 3.141 2.895 2.498 2.335 2.190
1st Pmt. 2.217 2.967 2.717 2.467 2.050 1.967 1.800
Last Pmt. 4.133 5.467 4.967 4.550 3.800 3.550 3.300
Financial Strategies 09/18/96 11:59:51 am Prudential Securities
Group IMPACT CMO/ABS Analytics - Price / Yield Tables Incorporated
Deal ID/CUSIP MON6C Coupon N/A
Class A4 FIXED Accr 0.53625 1st Pmt 10/15/96
Collateral (Real) Factor on / /
N/GWAC (Orig) / (10.407/10.907) LIBOR-1M
WAM (Orig) (24.191) Mat N/A Settle 09/27/96
FIXED HEP 23.00 HEP 17.00 HEP 19.00 HEP 21.00 HEP 25.00 HEP 27.00 HEP 29.00
ARMS HEP 25.00 HEP 25.00 HEP 25.00 HEP 25.00 HEP 25.00 HEP 25.00 HEP 25.00
HOME IMP HEP 17.00 HEP 17.00 HEP 17.00 HEP 17.00 HEP 17.00 HEP 17.00 HEP 17.00
MULTI CPR VEC(1)CPR 10.00 CPR 10.00 CPR 10.00 CPR 10.00 CPR 10.00 CPR 10.00
----- --------- --------- --------- --------- --------- --------- ---------
99-26 7.516 7.521 7.519 7.517 7.514 7.512 7.510
99-26+ 7.512 7.518 7.516 7.514 7.510 7.508 7.505
99-27 7.508 7.514 7.512 7.510 7.506 7.503 7.501
99-27+ 7.504 7.511 7.509 7.507 7.501 7.499 7.496
99-28 7.500 7.508 7.506 7.503 7.497 7.494 7.491
99-28+ 7.496 7.505 7.502 7.499 7.493 7.490 7.487
99-29 7.492 7.502 7.499 7.496 7.489 7.486 7.482
99-29+ 7.489 7.499 7.496 7.492 7.485 7.481 7.477
99-30 7.485 7.496 7.492 7.489 7.481 7.477 7.473
99-30+ 7.481 7.493 7.489 7.485 7.477 7.472 7.468
99-31 7.477 7.490 7.486 7.481 7.472 7.468 7.463
99-31+ 7.473 7.487 7.482 7.478 7.468 7.464 7.459
100-00 7.469 7.484 7.479 7.474 7.464 7.459 7.454
100-00+ 7.465 7.481 7.476 7.471 7.460 7.455 7.449
100-01 7.462 7.477 7.472 7.467 7.456 7.450 7.444
Avg. Life 5.000 6.613 5.985 5.455 4.609 4.268 3.969
Mod. Dur. 4.026 5.037 4.658 4.323 3.762 3.526 3.314
1st Pmt. 4.133 5.467 4.967 4.550 3.800 3.550 3.300
Last Pmt. 5.883 7.717 6.967 6.383 5.383 4.967 4.633
(1) 2 CPR for the first 48 months/10 CPR thereafter adjusted for seasoning
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH A
DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED FINANCIAL
ADVISOR IMMEDIATELY.
<PAGE>
Financial Strategies 09/19/96 01:32:49 pm Prudential Securities
Group IMPACT CMO/ABS Analytics - Price / DMrg Act/360 Incorporated
Deal ID/CUSIP MON6C Coupon * Cap Flr 0.00
Class A5 LIBOR-1M+TBA Accr 0.18918 1st Pmt 10/15/96
Collateral (Real) Factor on / /
N/GWAC (Orig) / (10.407/10.907) LIBOR-1M 5.48047
WAM (Orig) (24.191) Mat N/A Settle 09/27/96
FIXED HEP 23.00 HEP 17.00 HEP 19.00 HEP 21.00 HEP 25.00 HEP 27.00 HEP 29.00
ARMS HEP 25.00 HEP 25.00 HEP 25.00 HEP 25.00 HEP 25.00 HEP 25.00 HEP 25.00
HOME IMP HEP 17.00 HEP 17.00 HEP 17.00 HEP 17.00 HEP 17.00 HEP 17.00 HEP 17.00
MULTI CPR VEC(1)CPR 10.00 CPR 10.00 CPR 10.00 CPR 10.00 CPR 10.00 CPR 10.00
----- --------- --------- --------- --------- --------- --------- ---------
99-28+ 28.816 27.568 27.983 28.399 29.233 29.650 30.069
99-29 27.957 26.894 27.247 27.602 28.313 28.669 29.026
99-29+ 27.099 26.219 26.512 26.805 27.393 27.687 27.982
99-30 26.241 25.545 25.777 26.009 26.473 26.706 26.939
99-30+ 25.383 24.871 25.042 25.212 25.554 25.725 25.896
99-31 24.525 24.198 24.307 24.416 24.634 24.744 24.854
99-31+ 23.667 23.524 23.572 23.620 23.715 23.763 23.811
100-00 22.810 22.851 22.837 22.824 22.796 22.783 22.769
100-00+ 21.953 22.178 22.103 22.028 21.878 21.803 21.727
100-01 21.096 21.504 21.369 21.232 20.959 20.823 20.685
100-01+ 20.239 20.832 20.635 20.437 20.041 19.843 19.644
100-02 19.382 20.159 19.901 19.642 19.123 18.863 18.603
100-02+ 18.526 19.486 19.167 18.847 18.205 17.884 17.562
100-03 17.670 18.814 18.433 18.052 17.288 16.905 16.521
100-03+ 16.814 18.142 17.700 17.257 16.370 15.926 15.481
Avg. Life 1.948 2.543 2.308 2.113 1.807 1.685 1.578
Mod. Dur. 1.752 2.230 2.045 1.887 1.635 1.532 1.442
1st Pmt. 0.050 0.050 0.050 0.050 0.050 0.050 0.050
Last Pmt. 4.717 6.217 5.633 5.133 4.383 4.050 3.717
Financial Strategies 09/18/96 12:00:20 pm Prudential Securities
Group IMPACT CMO/ABS Analytics - Price / Yield Tables Incorporated
Deal ID/CUSIP MON6C Coupon N/A
Class A6 FIXED Accr 0.55611 1st Pmt 10/15/96
Collateral (Real) Factor on / /
N/GWAC (Orig) / (10.407/10.907) LIBOR-1M
WAM (Orig) (24.191) Mat N/A Settle 09/27/96
FIXED HEP 23.00 HEP 17.00 HEP 19.00 HEP 21.00 HEP 25.00 HEP 27.00 HEP 29.00
ARMS HEP 25.00 HEP 25.00 HEP 25.00 HEP 25.00 HEP 25.00 HEP 25.00 HEP 25.00
HOME IMP HEP 17.00 HEP 17.00 HEP 17.00 HEP 17.00 HEP 17.00 HEP 17.00 HEP 17.00
MULTI CPR VEC(1)CPR 10.00 CPR 10.00 CPR 10.00 CPR 10.00 CPR 10.00 CPR 10.00
----- --------- --------- --------- --------- --------- --------- ---------
99-27 7.797 7.802 7.800 7.799 7.795 7.794 7.792
99-27+ 7.794 7.799 7.798 7.796 7.792 7.790 7.788
99-28 7.791 7.797 7.795 7.793 7.789 7.787 7.785
99-28+ 7.788 7.795 7.792 7.790 7.786 7.783 7.781
99-29 7.785 7.792 7.790 7.788 7.783 7.780 7.777
99-29+ 7.782 7.790 7.787 7.785 7.779 7.777 7.774
99-30 7.779 7.787 7.785 7.782 7.776 7.773 7.770
99-30+ 7.776 7.785 7.782 7.779 7.773 7.770 7.767
99-31 7.773 7.782 7.779 7.776 7.770 7.767 7.763
99-31+ 7.770 7.780 7.777 7.774 7.767 7.763 7.760
100-00 7.767 7.777 7.774 7.771 7.764 7.760 7.756
100-00+ 7.764 7.775 7.771 7.768 7.760 7.756 7.752
100-01 7.761 7.772 7.769 7.765 7.757 7.753 7.749
100-01+ 7.758 7.770 7.766 7.762 7.754 7.750 7.745
100-02 7.755 7.767 7.764 7.760 7.751 7.746 7.742
Avg. Life 7.000 9.155 8.333 7.620 6.458 5.982 5.562
Mod. Dur. 5.207 6.322 5.918 5.546 4.896 4.613 4.354
1st Pmt. 5.883 7.717 6.967 6.383 5.383 4.967 4.633
Last Pmt. 8.467 10.967 10.050 9.217 7.800 7.217 6.717
(1) 2 CPR for the first 48 months/10 CPR thereafter adjusted for seasoning
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH A
DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED FINANCIAL
ADVISOR IMMEDIATELY.
<PAGE>
Financial Strategies 09/18/96 12:00:31 pm Prudential Securities
Group IMPACT CMO/ABS Analytics - Price / Yield Tables Incorporated
Deal ID/CUSIP MON6C Coupon N/A
Class A7 FIXED Accr 0.57056 1st Pmt 10/15/96
Collateral (Real) Factor on / /
N/GWAC (Orig) / (10.407/10.907) LIBOR-1M
WAM (Orig) (24.191) Mat N/A Settle 09/27/96
FIXED HEP 23.00 HEP 17.00 HEP 19.00 HEP 21.00 HEP 25.00 HEP 27.00 HEP 29.00
ARMS HEP 25.00 HEP 25.00 HEP 25.00 HEP 25.00 HEP 25.00 HEP 25.00 HEP 25.00
HOME IMP HEP 17.00 HEP 17.00 HEP 17.00 HEP 17.00 HEP 17.00 HEP 17.00 HEP 17.00
MULTI CPR VEC(1)CPR 10.00 CPR 10.00 CPR 10.00 CPR 10.00 CPR 10.00 CPR 10.00
----- --------- --------- --------- --------- --------- --------- ---------
99-24+ 8.021 8.022 8.022 8.021 8.020 8.020 8.019
99-25 8.019 8.020 8.020 8.019 8.018 8.017 8.017
99-25+ 8.016 8.018 8.018 8.017 8.016 8.015 8.014
99-26 8.014 8.016 8.016 8.015 8.013 8.012 8.012
99-26+ 8.012 8.014 8.014 8.013 8.011 8.010 8.009
99-27 8.010 8.012 8.012 8.011 8.009 8.008 8.006
99-27+ 8.007 8.011 8.010 8.009 8.006 8.005 8.004
99-28 8.005 8.009 8.008 8.006 8.004 8.003 8.001
99-28+ 8.003 8.007 8.006 8.004 8.002 8.000 7.999
99-29 8.001 8.005 8.004 8.002 7.999 7.998 7.996
99-29+ 7.999 8.003 8.002 8.000 7.997 7.995 7.994
99-30 7.996 8.001 7.999 7.998 7.995 7.993 7.991
99-30+ 7.994 7.999 7.997 7.996 7.992 7.991 7.989
99-31 7.992 7.997 7.995 7.994 7.990 7.988 7.986
99-31+ 7.990 7.995 7.993 7.992 7.988 7.986 7.983
Avg. Life 11.006 13.983 12.862 11.878 10.227 9.529 8.894
Mod. Dur. 7.025 8.084 7.716 7.363 6.703 6.396 6.103
1st Pmt. 8.467 10.967 10.050 9.217 7.800 7.217 6.717
Last Pmt. 16.967 21.883 20.050 18.467 15.633 14.633 13.800
Financial Strategies 09/19/96 01:35:45 pm Prudential Securities
Group IMPACT CMO/ABS Analytics - Price / DMrg Act/360 Incorporated
Deal ID/CUSIP MON6C Coupon * Cap Flr 0.00
Class A8 ARMS HEL FLT LIBOR-1M+TBA Accr 0.18884 1st Pmt 10/15/96
Collateral (Real) Factor on / /
N/GWAC (Orig) / (10.407/10.907) LIBOR-1M 5.48047
WAM (Orig) (24.191) Mat N/A Settle 09/27/96
FIXED HEP 23.00 HEP 23.00 HEP 23.00 HEP 23.00 HEP 23.00 HEP 23.00 HEP 23.00
ARMS HEP 25.00 HEP 19.00 HEP 21.00 HEP 23.00 HEP 27.00 HEP 29.00 HEP 31.00
HOME IMP HEP 17.00 HEP 17.00 HEP 17.00 HEP 17.00 HEP 17.00 HEP 17.00 HEP 17.00
MULTI CPR VEC(1)CPR 10.00 CPR 10.00 CPR 10.00 CPR 10.00 CPR 10.00 CPR 10.00
----- --------- -------- --------- --------- --------- --------- --------- -
99-28+ 27.428 26.274 26.658 27.043 27.813 28.200 28.588
99-29 26.626 25.643 25.970 26.298 26.955 27.284 27.615
99-29+ 25.825 25.012 25.283 25.554 26.097 26.369 26.643
99-30 25.024 24.382 24.596 24.810 25.239 25.455 25.671
99-30+ 24.224 23.751 23.908 24.066 24.382 24.540 24.699
99-31 23.423 23.121 23.221 23.322 23.524 23.626 23.727
99-31+ 22.623 22.491 22.535 22.579 22.667 22.712 22.756
100-00 21.823 21.860 21.848 21.835 21.810 21.798 21.785
100-00+ 21.023 21.231 21.161 21.092 20.953 20.884 20.814
100-01 20.223 20.601 20.475 20.349 20.097 19.970 19.843
100-01+ 19.424 19.971 19.789 19.606 19.241 19.057 18.873
100-02 18.624 19.342 19.103 18.864 18.384 18.144 17.903
100-02+ 17.825 18.713 18.417 18.121 17.529 17.231 16.933
100-03 17.026 18.083 17.732 17.379 16.673 16.319 15.963
100-03+ 16.227 17.455 17.046 16.637 15.817 15.406 14.993
Avg. Life 2.102 2.743 2.490 2.280 1.950 1.818 1.703
Mod. Dur. 1.877 2.384 2.187 2.021 1.753 1.644 1.547
1st Pmt. 0.050 0.050 0.050 0.050 0.050 0.050 0.050
Last Pmt. 5.300 7.050 6.383 5.800 4.883 4.550 4.217
(1) 2 CPR for the first 48 months/10 CPR thereafter adjusted for seasoning
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH A
DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED FINANCIAL
ADVISOR IMMEDIATELY.
<PAGE>
Financial Strategies 09/19/96 01:40:08 pm Prudential Securities
Group IMPACT CMO/ABS Analytics - Price / DMrg Act/360 Incorporated
Deal ID/CUSIP MON6C Coupon * Cap Flr 0.00
Class A10 HOME IMP FLT LIBOR-1M+TBA Accr 0.18518 1st Pmt 10/15/96
Collateral (Real) Factor on / /
N/GWAC (Orig) / (10.407/10.907) LIBOR-1M 5.48047
WAM (Orig) (24.191) Mat N/A Settle 09/27/96
FIXED HEP 23.00 HEP 23.00 HEP 23.00 HEP 23.00 HEP 23.00 HEP 23.00 HEP 23.00
ARMS HEP 25.00 HEP 25.00 HEP 25.00 HEP 25.00 HEP 25.00 HEP 25.00 HEP 25.00
HOME IMP HEP 17.00 HEP 11.00 HEP 13.00 HEP 15.00 HEP 19.00 HEP 21.00 HEP 23.00
MULTI CPR VEC(1)CPR 10.00 CPR 10.00 CPR 10.00 CPR 10.00 CPR 10.00 CPR 10.00
----- --------- -------- --------- --------- --------- --------- ---------
99-28+ 21.843 19.336 20.213 21.048 22.598 23.314 24.000
99-29 20.243 18.106 18.853 19.565 20.886 21.497 22.081
99-29+ 18.643 16.876 17.494 18.083 19.175 19.680 20.163
99-30 17.043 15.646 16.135 16.600 17.464 17.863 18.245
99-30+ 15.444 14.416 14.776 15.118 15.753 16.047 16.328
99-31 13.845 13.187 13.417 13.636 14.043 14.231 14.411
99-31+ 12.246 11.958 12.059 12.155 12.333 12.415 12.494
100-00 10.648 10.730 10.701 10.674 10.624 10.600 10.578
100-00+ 9.050 9.501 9.343 9.193 8.915 8.786 8.662
100-01 7.453 8.273 7.986 7.713 7.206 6.971 6.747
100-01+ 5.855 7.045 6.629 6.233 5.497 5.158 4.832
100-02 4.258 5.818 5.272 4.753 3.789 3.344 2.917
100-02+ 2.662 4.590 3.916 3.273 2.082 1.531 1.003
100-03 1.066 3.363 2.559 1.794 0.374 -0.282 -0.911
100-03+ -0.530 2.136 1.204 0.315 -1.333 -2.094 -2.824
Avg. Life 1.002 1.322 1.189 1.085 0.935 0.878 0.830
Mod. Dur. 0.941 1.224 1.107 1.015 0.880 0.828 0.785
1st Pmt. 0.050 0.050 0.050 0.050 0.050 0.050 0.050
Last Pmt. 2.050 2.967 2.550 2.300 1.883 1.717 1.550
Financial Strategies 09/18/96 12:04:54 pm Prudential Securities
Group IMPACT CMO/ABS Analytics - Price / Yield Tables Incorporated
Deal ID/CUSIP MON6C Coupon N/A
Class A11 HOME IMPROVEMENT Accr 0.50194 1st Pmt 10/15/96
Collateral (Real) Factor on / /
N/GWAC (Orig) / (10.407/10.907) LIBOR-1M
WAM (Orig) (24.191) Mat N/A Settle 09/27/96
FIXED HEP 23.00 HEP 23.00 HEP 23.00 HEP 23.00 HEP 23.00 HEP 23.00 HEP 23.00
ARMS HEP 25.00 HEP 25.00 HEP 25.00 HEP 25.00 HEP 25.00 HEP 25.00 HEP 25.00
HOME IMP HEP 17.00 HEP 11.00 HEP 13.00 HEP 15.00 HEP 19.00 HEP 21.00 HEP 23.00
MULTI CPR VEC(1)CPR 10.00 CPR 10.00 CPR 10.00 CPR 10.00 CPR 10.00 CPR 10.00
----- --------- -------- --------- --------- --------- --------- ------- -
99-28+ 6.990 7.006 7.001 6.995 6.984 6.978 6.973
99-29 6.984 7.002 6.996 6.990 6.978 6.971 6.965
99-29+ 6.978 6.997 6.991 6.984 6.971 6.964 6.958
99-30 6.972 6.993 6.986 6.979 6.965 6.957 6.950
99-30+ 6.966 6.989 6.981 6.974 6.958 6.950 6.942
99-31 6.960 6.984 6.976 6.968 6.952 6.943 6.935
99-31+ 6.954 6.980 6.971 6.963 6.945 6.936 6.927
100-00 6.948 6.975 6.966 6.957 6.939 6.929 6.920
100-00+ 6.942 6.971 6.962 6.952 6.932 6.922 6.912
100-01 6.936 6.967 6.957 6.947 6.926 6.915 6.904
100-01+ 6.930 6.962 6.952 6.941 6.919 6.908 6.897
100-02 6.924 6.958 6.947 6.936 6.913 6.901 6.889
100-02+ 6.918 6.953 6.942 6.930 6.906 6.894 6.882
100-03 6.912 6.949 6.937 6.925 6.900 6.887 6.874
100-03+ 6.906 6.945 6.932 6.919 6.893 6.880 6.866
Avg. Life 3.000 4.255 3.744 3.334 2.723 2.491 2.293
Mod. Dur. 2.611 3.547 3.176 2.868 2.393 2.206 2.046
1st Pmt. 2.050 2.967 2.550 2.300 1.883 1.717 1.550
Last Pmt. 4.133 5.883 5.217 4.633 3.800 3.467 3.217
(1) 2 CPR for the first 48 months/10 CPR thereafter adjusted for seasoning
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH A
DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED FINANCIAL
ADVISOR IMMEDIATELY.
<PAGE>
Financial Strategies 09/18/96 12:05:30 pm Prudential Securities
Group IMPACT CMO/ABS Analytics - Price / Yield Tables Incorporated
Deal ID/CUSIP MON6C Coupon N/A
Class A12 HOME IMPROVEMENT Accr 0.52361 1st Pmt 10/15/96
Collateral (Real) Factor on / /
N/GWAC (Orig) / (10.407/10.907) LIBOR-1M
WAM (Orig) (24.191) Mat N/A Settle 09/27/96
FIXED HEP 23.00 HEP 23.00 HEP 23.00 HEP 23.00 HEP 23.00 HEP 23.00 HEP 23.00
ARMS HEP 25.00 HEP 25.00 HEP 25.00 HEP 25.00 HEP 25.00 HEP 25.00 HEP 25.00
HOME IMP HEP 17.00 HEP 11.00 HEP 13.00 HEP 15.00 HEP 19.00 HEP 21.00 HEP 23.00
MULTI CPR VEC(1)CPR 10.00 CPR 10.00 CPR 10.00 CPR 10.00 CPR 10.00 CPR 10.00
----- ---------- -------- --------- --------- --------- --------- ---------
99-29 7.314 7.325 7.321 7.318 7.310 7.306 7.302
99-29+ 7.310 7.322 7.318 7.314 7.306 7.302 7.297
99-30 7.306 7.319 7.315 7.311 7.302 7.297 7.292
99-30+ 7.302 7.316 7.312 7.307 7.298 7.293 7.287
99-31 7.299 7.313 7.308 7.304 7.293 7.288 7.283
99-31+ 7.295 7.310 7.305 7.300 7.289 7.284 7.278
100-00 7.291 7.307 7.302 7.296 7.285 7.279 7.273
100-00+ 7.287 7.304 7.299 7.293 7.281 7.275 7.268
100-01 7.283 7.301 7.295 7.289 7.277 7.270 7.263
100-01+ 7.279 7.298 7.292 7.286 7.273 7.266 7.258
100-02 7.275 7.295 7.289 7.282 7.268 7.261 7.254
100-02+ 7.272 7.292 7.286 7.279 7.264 7.257 7.249
100-03 7.268 7.289 7.282 7.275 7.260 7.252 7.244
100-03+ 7.264 7.286 7.279 7.272 7.256 7.248 7.239
100-04 7.260 7.283 7.276 7.268 7.252 7.243 7.234
Avg. Life 5.000 6.945 6.181 5.540 4.543 4.153 3.819
Mod. Dur. 4.046 5.265 4.806 4.402 3.735 3.460 3.219
1st Pmt. 4.133 5.883 5.217 4.633 3.800 3.467 3.217
Last Pmt. 5.967 8.133 7.300 6.550 5.383 4.967 4.550
Financial Strategies 09/18/96 12:05:50 pm Prudential Securities
Group IMPACT CMO/ABS Analytics - Price / Yield Tables Incorporated
Deal ID/CUSIP MON6C Coupon N/A
Class A13 HOME IMPROVEMENT Accr 0.53986 1st Pmt 10/15/96
Collateral (Real) Factor on / /
N/GWAC (Orig) / (10.407/10.907) LIBOR-1M
WAM (Orig) (24.191) Mat N/A Settle 09/27/96
FIXED HEP 23.00 HEP 23.00 HEP 23.00 HEP 23.00 HEP 23.00 HEP 23.00 HEP 23.00
ARMS HEP 25.00 HEP 25.00 HEP 25.00 HEP 25.00 HEP 25.00 HEP 25.00 HEP 25.00
HOME IMP HEP 17.00 HEP 11.00 HEP 13.00 HEP 15.00 HEP 19.00 HEP 21.00 HEP 23.00
MULTI CPR VEC(1)CPR 10.00 CPR 10.00 CPR 10.00 CPR 10.00 CPR 10.00 CPR 10.00
----- --------- -------- --------- --------- --------- --------- --------- -
99-25 7.579 7.581 7.580 7.580 7.578 7.577 7.576
99-25+ 7.576 7.579 7.578 7.577 7.574 7.573 7.572
99-26 7.573 7.576 7.575 7.574 7.571 7.570 7.568
99-26+ 7.570 7.574 7.573 7.571 7.568 7.566 7.565
99-27 7.567 7.572 7.570 7.569 7.565 7.563 7.561
99-27+ 7.564 7.569 7.568 7.566 7.562 7.560 7.557
99-28 7.561 7.567 7.565 7.563 7.559 7.556 7.554
99-28+ 7.558 7.564 7.562 7.560 7.555 7.553 7.550
99-29 7.555 7.562 7.560 7.557 7.552 7.549 7.546
99-29+ 7.552 7.560 7.557 7.555 7.549 7.546 7.543
99-30 7.549 7.557 7.555 7.552 7.546 7.543 7.539
99-30+ 7.546 7.555 7.552 7.549 7.543 7.539 7.536
99-31 7.543 7.552 7.550 7.546 7.540 7.536 7.532
99-31+ 7.540 7.550 7.547 7.544 7.536 7.532 7.528
100-00 7.537 7.548 7.544 7.541 7.533 7.529 7.525
Avg. Life 7.000 9.356 8.478 7.692 6.395 5.867 5.404
Mod. Dur. 5.251 6.488 6.052 5.637 4.898 4.576 4.284
1st Pmt. 5.967 8.133 7.300 6.550 5.383 4.967 4.550
Last Pmt. 8.217 10.717 9.800 8.967 7.550 6.967 6.467
(1) 2 CPR for the first 48 months/10 CPR thereafter adjusted for seasoning
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH A
DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED FINANCIAL
ADVISOR IMMEDIATELY.
<PAGE>
Financial Strategies 09/18/96 12:06:01 pm Prudential Securities
Group IMPACT CMO/ABS Analytics - Price / Yield Tables Incorporated
Deal ID/CUSIP MON6C Coupon N/A
Class A14 HOME IMPROVEMENT Accr 0.55972 1st Pmt 10/15/96
Collateral (Real) Factor on / /
N/GWAC (Orig) / (10.407/10.907) LIBOR-1M
WAM (Orig) (24.191) Mat N/A Settle 09/27/96
FIXED HEP 23.00 HEP 23.00 HEP 23.00 HEP 23.00 HEP 23.00 HEP 23.00 HEP 23.00
ARMS HEP 25.00 HEP 25.00 HEP 25.00 HEP 25.00 HEP 25.00 HEP 25.00 HEP 25.00
HOME IMP HEP 17.00 HEP 11.00 HEP 13.00 HEP 15.00 HEP 19.00 HEP 21.00 HEP 23.00
MULTI CPR VEC(1)CPR 10.00 CPR 10.00 CPR 10.00 CPR 10.00 CPR 10.00 CPR 10.00
----- --------- -------- --------- --------- --------- --------- -------- -
99-23+ 7.871 7.872 7.872 7.871 7.871 7.871 7.870
99-24 7.869 7.870 7.870 7.869 7.869 7.868 7.868
99-24+ 7.867 7.868 7.868 7.867 7.866 7.866 7.865
99-25 7.865 7.866 7.866 7.865 7.864 7.863 7.863
99-25+ 7.862 7.864 7.864 7.863 7.862 7.861 7.860
99-26 7.860 7.862 7.862 7.861 7.859 7.859 7.858
99-26+ 7.858 7.860 7.860 7.859 7.857 7.856 7.855
99-27 7.856 7.858 7.858 7.857 7.855 7.854 7.853
99-27+ 7.854 7.857 7.856 7.855 7.853 7.852 7.850
99-28 7.852 7.855 7.854 7.853 7.850 7.849 7.848
99-28+ 7.849 7.853 7.852 7.851 7.848 7.847 7.845
99-29 7.847 7.851 7.850 7.849 7.846 7.844 7.843
99-29+ 7.845 7.849 7.848 7.846 7.844 7.842 7.840
99-30 7.843 7.847 7.846 7.844 7.841 7.840 7.838
99-30+ 7.841 7.845 7.844 7.842 7.839 7.837 7.835
Avg. Life 11.265 14.103 13.076 12.135 10.465 9.733 9.069
Mod. Dur. 7.155 8.183 7.835 7.492 6.825 6.505 6.199
1st Pmt. 8.217 10.717 9.800 8.967 7.550 6.967 6.467
Last Pmt. 18.383 21.383 19.967 19.217 17.467 16.550 15.633
Financial Strategies 09/18/96 12:07:17 pm Prudential Securities
Group IMPACT CMO/ABS Analytics - Price / Yield Tables Incorporated
Deal ID/CUSIP MON6C Coupon N/A
Class A15 MULTI FAMILY Accr 0.55972 1st Pmt 10/15/96
Collateral (Real) Factor on / /
N/GWAC (Orig) / (10.407/10.907) LIBOR-1M
WAM (Orig) (24.191) Mat N/A Settle 09/27/96
FIXED HEP 23.00 HEP 23.00 HEP 23.00 HEP 23.00 HEP 23.00 HEP 23.00 HEP 23.00
ARMS HEP 25.00 HEP 25.00 HEP 25.00 HEP 25.00 HEP 25.00 HEP 25.00 HEP 25.00
HOME IMP HEP 17.00 HEP 17.00 HEP 17.00 HEP 17.00 HEP 17.00 HEP 17.00 HEP 17.00
MULTI CPR VEC(1) CPR 4.00 CPR 6.00 CPR 8.00 CPR 12.00 CPR 14.00 CPR 16.00
----- --------- --------- --------- --------- --------- --------- ---------
99-28+ 7.830 7.837 7.830 7.824 7.811 7.804 7.798
99-29 7.826 7.834 7.827 7.820 7.806 7.799 7.791
99-29+ 7.822 7.830 7.823 7.816 7.800 7.793 7.785
99-30 7.819 7.827 7.819 7.811 7.795 7.787 7.779
99-30+ 7.815 7.824 7.816 7.807 7.790 7.781 7.772
99-31 7.811 7.821 7.812 7.803 7.785 7.775 7.766
99-31+ 7.807 7.818 7.808 7.799 7.779 7.769 7.759
100-00 7.804 7.814 7.804 7.794 7.774 7.764 7.753
100-00+ 7.800 7.811 7.801 7.790 7.769 7.758 7.747
100-01 7.796 7.808 7.797 7.786 7.763 7.752 7.740
100-01+ 7.792 7.805 7.793 7.782 7.758 7.746 7.734
100-02 7.789 7.802 7.790 7.778 7.753 7.740 7.728
100-02+ 7.785 7.798 7.786 7.773 7.748 7.735 7.721
100-03 7.781 7.795 7.782 7.769 7.742 7.729 7.715
100-03+ 7.777 7.792 7.779 7.765 7.737 7.723 7.709
Avg. Life 6.756 8.417 6.866 5.746 4.252 3.736 3.320
Mod. Dur. 4.148 4.870 4.197 3.683 2.949 2.677 2.449
1st Pmt. 0.050 0.050 0.050 0.050 0.050 0.050 0.050
Last Pmt. 27.550 27.633 27.550 27.300 26.383 25.467 24.217
(1) 2 CPR for the first 48 months/10 CPR thereafter adjusted for seasoning
<PAGE>
- --------------------------------------------------------------------------------
- MONEY STORE 96-C
- Cut Off Date of Tape is 09/01/96
- $348,358,103.45
- Fixed Rate Loans
- --------------------------------------------------------------------------------
Number of Mortgage Loans: 8,308
Aggregate Unpaid Principal Balance: $348,358,103.45
Aggregate Original Principal Balance: $348,858,038.00
Weighted Average Net Coupon: 11.001%
Net Coupon Range: 7.250% - 16.290%
Weighted Average Gross Coupon: 11.501%
Gross Coupon Range: 7.750% - 16.790%
- --------------------------------------------------------------------------------
Average Unpaid Principal Balance: $41,930.44
Average Original Principal Balance: $41,990.62
Maximum Unpaid Principal Balance: $499,000.00
Minimum Unpaid Principal Balance: $3,114.83
Maximum Original Principal Balance: $499,000.00
Minimum Original Principal Balance: $4,738.38
Weighted Avg. Stated Rem. Term (LPD to Mat Date): 262.062
Stated Rem Term Range: 34.000 - 360.000
Weighted Average Age (First Pay thru Last Pay): 1.330
Age Range: 0.000 - 30.000
Weighted Average Original Term: 263.392
Original Term Range: 36.000 - 360.000
Weighted Average Debt To Income Ratio: 34.0302
Debt To Income Ratio Range: 6.020 - 60.000
Weighted Average Original LTV: 70.013 *
Original LTV Range: 5.160% - 100.000% *
* This is Original LTV for the 1st Lien mortgages and
Original Combined LTV for the 2nd Lien mortgages
- --------------------------------------------------------------------------------
<TABLE>
GROSS COUPON
- ----------------------------------------------------------------------------------------------------
<CAPTION>
WA WA Max. Orig Total
Gross # % Rem WA Orig Loan Current
Coupon Loan Pool WAC Term Age LTV Amount Balance
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
7.50% { Gross Coupon {=*7.75% 1 .01 7.750 356.00 4.00 61.87 $43,000 $42,907.91
8.00% { Gross Coupon {= 8.25% 1 .01 8.250 354.00 6.00 64.94 $51,300 $51,134.18
8.25% { Gross Coupon {= 8.50% 4 .12 8.454 356.49 3.51 75.28 $213,750 $423,708.54
8.50% { Gross Coupon {= 8.75% 4 .05 8.734 357.38 2.62 69.17 $57,600 $182,266.89
8.75% { Gross Coupon {= 9.00% 13 .36 8.997 287.80 2.33 71.75 $240,000 $1,244,884.24
9.00% { Gross Coupon {= 9.25% 18 .44 9.197 328.18 1.63 71.09 $225,500 $1,540,764.16
9.25% { Gross Coupon {= 9.50% 41 .84 9.487 296.49 2.30 70.93 $217,000 $2,941,354.35
9.50% { Gross Coupon {= 9.75% 113 2.27 9.714 274.82 2.07 71.32 $288,000 $7,894,310.66
9.75% { Gross Coupon {= 10.00% 355 6.11 9.963 286.51 1.82 70.35 $275,000 $21,290,257.90
10.00% { Gross Coupon {= 10.25% 392 6.60 10.203 280.20 1.49 71.56 $276,000 $22,989,808.99
10.25% { Gross Coupon {= 10.50% 540 9.14 10.450 290.37 1.22 69.20 $253,000 $31,833,729.08
10.50% { Gross Coupon {= 10.75% 525 8.05 10.688 288.15 1.01 70.38 $228,000 $28,039,752.01
10.75% { Gross Coupon {= 11.00% 685 10.30 10.954 275.63 1.27 69.49 $250,000 $35,897,262.18
11.00% { Gross Coupon {= 11.25% 373 4.79 11.216 274.99 1.23 71.58 $499,000 $16,679,900.94
11.25% { Gross Coupon {= 11.50% 607 7.40 11.459 258.43 1.32 70.00 $320,000 $25,763,671.13
11.50% { Gross Coupon {= 11.75% 547 6.42 11.701 262.75 1.27 70.19 $218,000 $22,356,994.25
11.75% { Gross Coupon {= 12.00% 813 9.30 11.951 247.85 1.33 69.85 $237,250 $32,398,364.75
12.00% { Gross Coupon {= 12.25% 336 3.31 12.201 239.02 1.07 69.44 $277,500 $11,541,274.47
12.25% { Gross Coupon {= 12.50% 496 4.82 12.466 238.06 1.32 70.46 $200,000 $16,799,040.29
12.50% { Gross Coupon {= 12.75% 407 3.44 12.704 223.10 1.32 71.10 $188,500 $11,987,040.77
12.75% { Gross Coupon {= 13.00% 600 5.46 12.952 231.04 1.23 71.47 $497,000 $19,030,765.06
13.00% { Gross Coupon {= 13.25% 237 1.84 13.194 225.55 1.06 71.46 $112,000 $6,412,186.82
13.25% { Gross Coupon {= 13.50% 322 2.46 13.461 223.42 1.14 67.75 $129,000 $8,577,665.99
13.50% { Gross Coupon {= 13.75% 191 1.57 13.706 227.80 1.43 71.79 $270,000 $5,460,330.75
13.75% { Gross Coupon {= 14.00% 285 2.08 13.952 224.99 1.26 65.52 $146,000 $7,258,971.43
14.00% { Gross Coupon {= 14.25% 103 .82 14.210 238.06 1.46 64.74 $123,000 $2,855,023.00
14.25% { Gross Coupon {= 14.50% 107 .70 14.468 205.20 1.18 61.36 $94,600 $2,453,954.19
14.50% { Gross Coupon {= 14.75% 61 .36 14.689 210.86 1.58 65.14 $62,000 $1,259,462.19
14.75% { Gross Coupon {= 15.00% 92 .63 14.955 228.01 1.31 62.29 $125,000 $2,185,789.71
15.00% { Gross Coupon {= 15.25% 21 .14 15.180 227.42 1.57 71.25 $47,412 $484,377.93
15.25% { Gross Coupon {= 15.50% 9 .08 15.416 206.91 1.69 66.63 $55,500 $271,878.48
15.50% { Gross Coupon {= 15.75% 1 .00 15.650 120.00 .00 43.70 $11,200 $11,200.00
15.75% { Gross Coupon {= 16.00% 5 .03 15.977 191.54 1.14 74.41 $41,600 $117,779.09
16.00% { Gross Coupon {= 16.25% 2 .02 16.219 265.24 2.54 69.57 $26,791 $52,291.12
16.75% { Gross Coupon {= 17.00% 1 .01 16.790 298.00 2.00 62.22 $28,000 $28,000.00
- -------------------------------------------------------------------------------------------------------------------
Total..... 8,308 100.00% 11.501 262.06 1.33 70.01 $499,000 $348,358,103.45
===================================================================================================================
<FN>
* {=Less than
</FN>
</TABLE>
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH A
DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED FINANCIAL
ADVISOR IMMEDIATELY.
<PAGE>
<TABLE>
ORIGINAL MATURITY
- -------------------------------------------------------------------------------------------------------------------
<CAPTION>
WA WA Max. Orig Total
Original # % Rem WA Orig Loan Current
Maturity Loan Pool WAC Term Age LTV Amount Balance
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
30 { Original Maturity {=* 40 6 .01 11.863 34.94 1.06 57.16 $12,000 $49,369.72
40 { Original Maturity {= 50 3 .01 11.072 46.35 1.65 51.05 $23,200 $46,920.21
50 { Original Maturity {= 60 267 .96 12.365 58.73 1.23 61.88 $89,275 $3,352,882.67
70 { Original Maturity {= 80 30 .14 12.025 70.63 1.37 57.41 $35,000 $488,760.82
80 { Original Maturity {= 90 97 .57 11.600 82.56 1.44 60.65 $140,308 $1,985,559.21
90 { Original Maturity {= 100 23 .15 11.750 95.05 .95 60.66 $52,000 $507,538.21
100 { Original Maturity {= 110 3 .02 11.482 106.00 2.00 44.94 $46,500 $83,022.21
110 { Original Maturity {= 120 1,200 7.22 12.110 118.84 1.16 66.47 $151,400 $25,135,308.93
130 { Original Maturity {= 140 1 .01 12.200 131.00 1.00 59.89 $17,618 $17,618.12
140 { Original Maturity {= 150 15 .12 12.095 142.65 1.35 67.56 $46,500 $414,433.10
170 { Original Maturity {= 180 3,560 36.58 11.691 178.53 1.47 69.05 $320,000 $127,431,541.63
200 { Original Maturity {= 210 1 .03 10.750 202.00 2.00 59.81 $94,500 $94,336.19
210 { Original Maturity {= 220 2 .02 10.500 214.53 1.47 50.81 $45,000 $85,642.04
230 { Original Maturity {= 240 339 4.37 11.558 238.65 1.35 69.16 $218,000 $15,240,499.30
290 { Original Maturity {= 300 346 4.09 12.134 298.85 1.15 71.89 $225,500 $14,237,731.72
350 { Original Maturity {= 360 2,415 45.70 11.169 358.74 1.26 71.66 $499,000 $159,186,939.37
- -------------------------------------------------------------------------------------------------------------------
Total..... 8,308 100.00% 11.501 262.06 1.33 70.01 $499,000 $348,358,103.45
===================================================================================================================
<FN>
* {= Less than
</FN>
</TABLE>
<TABLE>
REMAINING TERM
- -------------------------------------------------------------------------------------------------------------------
<CAPTION>
WA WA Max. Orig Total
# % Rem WA Orig Loan Current
Remaining Term Loan Pool WAC Term Age LTV Amount Balance
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
24 { Rem Term {=* 36 6 .01 11.863 34.94 1.06 57.16 $12,000 $49,369.72
36 { Rem Term {= 48 3 .01 11.072 46.35 1.65 51.05 $23,200 $46,920.21
48 { Rem Term {= 60 267 .96 12.365 58.73 1.23 61.88 $89,275 $3,352,882.67
60 { Rem Term {= 72 30 .14 12.025 70.63 1.37 57.41 $35,000 $488,760.82
72 { Rem Term {= 84 97 .57 11.600 82.56 1.44 60.65 $140,308 $1,985,559.21
84 { Rem Term {= 96 23 .15 11.750 95.05 .95 60.66 $52,000 $507,538.21
96 { Rem Term {= 108 3 .02 11.482 106.00 2.00 44.94 $46,500 $83,022.21
108 { Rem Term {= 120 1,200 7.22 12.110 118.84 1.16 66.47 $151,400 $25,135,308.93
120 { Rem Term {= 132 1 .01 12.200 131.00 1.00 59.89 $17,618 $17,618.12
132 { Rem Term {= 144 15 .12 12.095 142.65 1.35 67.56 $46,500 $414,433.10
144 { Rem Term {= 156 1 .01 10.000 150.00 30.00 57.14 $28,000 $26,360.69
156 { Rem Term {= 168 22 .25 11.595 164.67 15.33 77.44 $156,422 $883,393.65
168 { Rem Term {= 180 3,537 36.32 11.692 178.64 1.36 68.99 $320,000 $126,521,787.29
192 { Rem Term {= 204 1 .03 10.750 202.00 2.00 59.81 $94,500 $94,336.19
204 { Rem Term {= 216 2 .02 10.500 214.53 1.47 50.81 $45,000 $85,642.04
228 { Rem Term {= 240 339 4.37 11.558 238.65 1.35 69.16 $218,000 $15,240,499.30
288 { Rem Term {= 300 346 4.09 12.134 298.85 1.15 71.89 $225,500 $14,237,731.72
336 { Rem Term {= 348 3 .04 11.707 338.84 21.16 60.49 $51,323 $125,238.81
348 { Rem Term {= 360 2,412 45.66 11.169 358.75 1.25 71.67 $499,000 $159,061,700.56
- -------------------------------------------------------------------------------------------------------------------
Total..... 8,308 100.00% 11.501 262.06 1.33 70.01 $499,000 $348,358,103.45
===================================================================================================================
<FN>
* {= Less than
</FN>
</TABLE>
<TABLE>
LOAN AGE IN MONTHS (FIRST PAY THRU LAST PAY)
- -------------------------------------------------------------------------------------------------------------------
<CAPTION>
WA WA Max. Orig Total
# % Rem WA Orig Loan Current
Age of Loan Loan Pool WAC Term Age LTV Amount Balance
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
0 { Age {=* 12 8,282 99.70 11.501 262.29 1.28 70.00 $499,000 $347,323,110.30
12 { Age {= 24 25 .29 11.609 186.30 16.05 75.34 $156,422 $1,008,632.46
24 { Age {= 36 1 .01 10.000 150.00 30.00 57.14 $28,000 $26,360.69
- -------------------------------------------------------------------------------------------------------------------
Total..... 8,308 100.00% 11.501 262.06 1.33 70.01 $499,000 $348,358,103.45
===================================================================================================================
<FN>
* {= Less than
</FN>
</TABLE>
<TABLE>
ORIGINATION YEAR
- ------------------------------------------------------------------------------------------------------------------
<CAPTION>
WA WA Max. Orig Total
Year of # % Rem WA Orig Loan Current
Origination Loan Pool WAC Term Age LTV Amount Balance
<S> <C> <C> <C> <C> <C> <C> <C> <C>
1994 3 .03 11.256 293.45 24.33 56.39 $51,323 $112,399.50
1995 45 .55 11.128 204.44 12.28 74.54 $156,422 $1,913,154.50
1996 8,260 99.42 11.504 262.37 1.26 69.99 $499,000 $346,332,549.45
- -------------------------------------------------------------------------------------------------------------------
Total..... 8,308 100.00% 11.501 262.06 1.33 70.01 $499,000 $348,358,103.45
===================================================================================================================
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH A DISCLAIMER,
PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED FINANCIAL ADVISOR IMMEDIATELY.
</TABLE>
<PAGE>
<TABLE>
LAST PAYMENT DATE
** Scheduled Last Payment Date **
- -------------------------------------------------------------------------------------------------------------------
<CAPTION>
Last WA WA Max. Orig Total
Pay # % Rem WA Orig Loan Current
Date Loan Pool WAC Term Age LTV Amount Balance
<C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
09/01/96 8,304 99.96 11.501 262.07 1.33 70.02 $499,000 $348,220,103.45
10/01/96 * 4 .04 12.294 229.22 .00 62.60 $44,800 $138,000.00
- -------------------------------------------------------------------------------------------------------------------
Total..... 8,308 100.00% 11.501 262.06 1.33 70.01 $499,000 $348,358,103.45
===================================================================================================================
* 11/01/96 First Pay Date
</TABLE>
<TABLE>
ORIGINAL LTV RANGE
- -------------------------------------------------------------------------------------------------------------------
<CAPTION>
WA WA Max. Orig Total
LTV # % Rem WA Orig Loan Current
RANGE Loan Pool WAC Term Age LTV Amount Balance
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
0.000 { LTV {=* 50.000 1,218 10.69 11.585 223.34 1.25 37.63 $250,000 $37,226,395.44
50.000 { LTV {= 55.000 316 3.78 11.677 244.45 1.29 52.72 $185,500 $13,164,708.68
55.000 { LTV {= 60.000 401 4.81 11.597 255.44 1.50 57.87 $230,000 $16,738,951.93
60.000 { LTV {= 65.000 694 8.25 11.852 267.10 1.38 63.35 $250,000 $28,743,409.49
65.000 { LTV {= 70.000 905 11.24 11.694 265.44 1.31 68.38 $499,000 $39,154,622.48
70.000 { LTV {= 75.000 1,171 15.80 11.504 275.22 1.42 73.45 $497,000 $55,035,859.73
75.000 { LTV {= 80.000 2,486 34.23 11.112 276.78 1.31 79.17 $320,000 $119,258,416.62
80.000 { LTV {= 85.000 444 5.07 11.649 249.42 1.04 80.99 $156,422 $17,650,801.16
85.000 { LTV {= 90.000 577 5.34 12.371 227.28 1.48 89.11 $274,270 $18,591,278.14
90.000 { LTV {= 95.000 85 .71 12.514 226.71 1.22 91.30 $150,000 $2,460,929.30
95.000 { LTV {= 100.000 11 .10 12.797 216.77 1.21 97.68 $90,100 $332,730.48
- -------------------------------------------------------------------------------------------------------------------
Total..... 8,308 100.00% 11.501 262.06 1.33 70.01 $499,000 $348,358,103.45
===================================================================================================================
ORIGINAL MORTGAGE AMOUNT
- -------------------------------------------------------------------------------------------------------------------
<CAPTION>
WA WA Max. Orig Total
Original # % Rem WA Orig Loan Current
Mortgage Amt. Loan Pool WAC Term Age LTV Amount Balance
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Balance {=* 25,000 2,846 13.78 12.511 165.37 1.24 66.26 $25,000 $47,990,543.87
25,000 { Balance {= 50,000 3,151 32.65 11.720 236.24 1.31 67.94 $50,000 $113,755,194.70
50,000 { Balance {= 75,000 1,368 23.94 11.242 288.10 1.29 70.66 $75,000 $83,385,484.67
75,000 { Balance {= 100,000 518 12.89 11.055 305.64 1.35 72.50 $100,000 $44,911,346.74
100,000 { Balance {= 150,000 323 10.92 10.947 317.21 1.42 75.01 $150,000 $38,023,478.83
150,000 { Balance {= 203,150 70 3.38 10.959 324.01 1.50 72.60 $200,000 $11,770,233.82
203,150 { Balance {= 250,000 19 1.22 10.327 348.91 1.74 72.58 $250,000 $4,245,557.57
250,000 { Balance {= 300,000 8 .62 11.072 312.23 1.89 77.34 $288,000 $2,163,450.85
300,000 { Balance {= 350,000 2 .18 12.236 266.86 2.00 79.50 $320,000 $632,000.00
450,000 { Balance {= 500,000 3 .43 12.404 359.00 1.00 67.83 $499,000 $1,480,812.40
- -------------------------------------------------------------------------------------------------------------------
Total..... 8,308 100.00% 11.501 262.06 1.33 70.01 $499,000 $348,358,103.45
===================================================================================================================
CURRENT MORTGAGE AMOUNT
- -------------------------------------------------------------------------------------------------------------------
<CAPTION>
WA WA Max. Orig Total
Current # % Rem WA Orig Loan Current
Mortgage Amt. Loan Pool WAC Term Age LTV Amount Balance
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Balance {= * 25,000 2,852 13.81 12.509 165.34 1.25 66.29 $65,000 $48,104,388.77
25,000 { Balance {= 50,000 3,152 32.71 11.720 236.24 1.32 67.94 $51,000 $113,943,818.49
50,000 { Balance {= 75,000 1,361 23.85 11.240 288.39 1.28 70.66 $75,000 $83,083,015.98
75,000 { Balance {= 100,000 518 12.89 11.055 305.64 1.35 72.50 $100,000 $44,911,346.74
100,000 { Balance {= 150,000 323 10.92 10.947 317.21 1.42 75.01 $150,000 $38,023,478.83
150,000 { Balance {= 200,000 70 3.38 10.959 324.01 1.50 72.60 $200,000 $11,770,233.82
200,000 { Balance {= 250,000 19 1.22 10.327 348.91 1.74 72.58 $250,000 $4,245,557.57
250,000 { Balance {= 300,000 8 .62 11.072 312.23 1.89 77.34 $288,000 $2,163,450.85
300,000 { Balance {= 350,000 2 .18 12.236 266.86 2.00 79.50 $320,000 $632,000.00
450,000 { Balance {= 500,000 3 .43 12.404 359.00 1.00 67.83 $499,000 $1,480,812.40
- -------------------------------------------------------------------------------------------------------------------
Total..... 8,308 100.00% 11.501 262.06 1.33 70.01 $499,000 $348,358,103.45
===================================================================================================================
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH A DISCLAIMER,
PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED FINANCIAL ADVISOR IMMEDIATELY.
<FN>
*{= Less than
</FN>
</TABLE>
<PAGE>
<TABLE>
GEOGRAPHIC DISTRIBUTION
- -----------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
Calc.
WA WA WA Min. Curr Max. Curr Total Avg.
# % Rem WA MIN MAX Orig Curr Loan Loan Current Curr
State Loans Pool WAC Term Age AGE AGE LTV LTV Amount Amount Balance Bal
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
AZ 163 1.77 11.428 245.51 1.33 .00 16.00 69.05 68.97 $6,000 $146,263 $6,164,156 $37,817
CA 546 8.59 11.349 295.16 1.32 .00 10.00 70.21 70.15 $5,437 $312,000 $29,934,827 $54,826
CO 218 2.51 11.702 249.67 1.20 .00 3.00 71.87 71.78 $6,100 $277,346 $8,741,092 $40,097
CT 81 1.14 11.527 247.91 1.33 .00 8.00 68.74 68.65 $3,115 $225,305 $3,980,438 $49,141
DC 23 .33 11.719 265.93 1.54 .00 3.00 63.07 63.05 $14,993 $132,000 $1,160,684 $50,465
DE 74 .96 11.575 241.86 .95 .00 4.00 75.44 75.37 $6,800 $132,000 $3,337,498 $45,101
FL 325 3.05 11.523 242.23 1.22 .00 15.00 70.32 70.19 $4,509 $158,000 $10,624,781 $32,692
GA 238 2.79 11.582 246.76 1.45 .00 9.00 73.20 73.13 $6,216 $150,000 $9,706,899 $40,785
IA 36 .40 11.367 250.40 .88 .00 2.00 69.63 69.57 $8,500 $100,374 $1,377,475 $38,263
ID 174 2.20 11.691 284.21 1.12 .00 10.00 73.78 73.71 $5,920 $159,954 $7,653,789 $43,987
IL 563 7.70 11.287 290.29 1.47 .00 30.00 70.72 70.66 $4,679 $249,911 $26,840,894 $47,675
IN 448 4.91 11.273 278.14 1.16 .00 4.00 73.25 73.17 $5,450 $163,000 $17,097,226 $38,163
KS 141 1.26 11.454 247.64 1.11 .00 3.00 74.34 74.23 $5,100 $173,238 $4,402,266 $31,222
KY 159 1.97 11.319 277.17 1.28 .00 4.00 71.80 71.73 $6,896 $123,944 $6,848,939 $43,075
MA 152 1.66 11.530 219.59 1.44 .00 5.00 65.59 65.48 $5,000 $170,000 $5,790,588 $38,096
MD 165 2.07 11.782 236.04 1.38 .00 18.00 69.58 69.51 $6,200 $270,000 $7,222,106 $43,770
ME 105 1.02 11.434 237.61 1.19 .00 3.00 66.96 66.88 $8,000 $150,000 $3,541,738 $33,731
MI 315 3.14 11.594 257.25 1.32 .00 6.00 70.28 70.19 $6,800 $212,800 $10,927,611 $34,691
MN 167 1.89 11.335 258.96 1.12 .00 2.00 72.65 72.57 $6,150 $139,662 $6,576,410 $39,380
MO 358 3.34 11.907 246.89 1.20 .00 22.00 72.07 71.98 $5,000 $150,000 $11,629,030 $32,483
MS 16 .13 13.187 235.49 1.63 1.00 2.00 75.01 74.96 $11,968 $52,400 $450,847 $28,178
MT 2 .03 11.305 296.27 1.35 1.00 2.00 68.08 68.06 $30,972 $58,400 $89,372 $44,686
NC 130 1.87 11.905 273.58 1.66 .00 8.00 71.68 71.59 $5,943 $499,000 $6,499,185 $49,994
ND 14 .11 11.515 203.49 1.38 .00 3.00 67.39 67.32 $10,379 $57,400 $386,006 $27,572
NE 41 .33 12.085 213.45 1.18 .00 5.00 69.25 69.07 $9,334 $63,300 $1,151,446 $28,084
NH 32 .43 11.292 273.23 1.01 .00 3.00 69.46 69.40 $11,949 $155,000 $1,488,113 $46,504
NJ 335 4.30 11.623 248.04 1.94 .00 19.00 64.14 64.05 $8,918 $229,506 $14,971,592 $44,691
NM 170 2.12 11.462 258.26 1.20 .00 15.00 69.25 69.17 $7,416 $151,000 $7,370,241 $43,354
NV 118 1.51 11.399 268.71 1.27 .00 3.00 70.43 70.30 $6,556 $275,000 $5,274,527 $44,699
NY 539 7.60 11.504 250.28 1.58 .00 23.00 65.23 65.16 $6,000 $320,000 $26,482,517 $49,133
OH 459 5.50 11.162 261.96 1.26 .00 10.00 71.29 71.16 $4,939 $187,841 $19,170,411 $41,766
OK 53 .44 11.908 231.96 .63 .00 3.00 70.84 70.79 $6,918 $114,000 $1,528,130 $28,833
OR 129 1.63 11.494 261.42 1.10 .00 4.00 67.26 67.20 $6,700 $128,000 $5,674,936 $43,992
PA 636 6.75 11.742 238.22 1.32 .00 10.00 69.18 69.10 $5,800 $496,812 $23,511,550 $36,968
RI 38 .46 11.912 232.55 1.26 .00 3.00 64.56 64.50 $6,000 $89,285 $1,608,957 $42,341
SC 85 1.01 11.563 233.19 1.59 .00 4.00 74.55 74.47 $12,974 $143,943 $3,529,192 $41,520
SD 15 .12 11.259 236.34 .96 .00 2.00 69.22 69.14 $7,111 $54,000 $416,162 $27,744
TN 146 1.70 11.580 245.67 1.14 .00 9.00 71.50 71.44 $5,000 $249,895 $5,933,315 $40,639
TX 44 .39 11.552 275.87 1.31 .00 6.00 62.18 62.17 $6,000 $91,800 $1,364,089 $31,002
UT 122 1.60 11.492 264.69 1.38 .00 13.00 71.47 71.39 $7,170 $251,925 $5,568,265 $45,642
VA 59 .64 11.402 243.70 1.21 .00 3.00 67.94 67.86 $8,500 $144,000 $2,218,754 $37,606
VT 19 .26 11.424 240.18 1.06 .00 2.00 65.97 65.91 $5,300 $103,400 $897,976 $47,262
WA 526 6.99 11.442 288.41 1.20 .00 8.00 70.53 70.47 $6,350 $213,221 $24,334,459 $46,263
WI 124 1.34 11.617 263.15 1.19 .00 7.00 71.17 71.07 $5,000 $169,000 $4,658,573 $37,569
WV 1 .01 14.090 116.00 4.00 4.00 4.00 68.05 67.21 $31,243 $31,243 $31,243 $31,243
WY 4 .05 12.690 301.63 .52 .00 1.00 73.48 73.48 $30,000 $68,000 $189,800 $47,450
- -----------------------------------------------------------------------------------------------------------------------------------
Total.. 8,308 100.00% 11.501 262.06 1.33 .00 30.00 70.01 69.93 $3,115 $499,000 $348,358,103 $41,930
===================================================================================================================================
</TABLE>
<TABLE>
<CAPTION>
PROPERTY-TYPE
- ------------------------------------------------------------------------------------------------------------------
WA WA Max. Orig Total
# % Rem WA Orig Loan Current
Loan Pool WAC Term Age LTV Amount Balance
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Single-family 7,180 85.00 11.478 260.30 1.35 70.36 $497,000 $296,104,612.53
Townhouses 58 .51 12.106 207.13 1.99 67.87 $91,000 $1,771,330.29
Condominiums 63 .55 11.416 221.28 2.00 59.93 $131,106 $1,913,913.66
Deminimus PUD 47 .59 11.456 269.69 1.69 70.27 $173,300 $2,053,664.90
Manufactured Housing 101 1.18 11.532 238.91 1.18 71.40 $88,000 $4,115,062.14
2-4 Family 293 4.70 11.299 281.59 1.81 65.53 $253,000 $16,379,855.71
Leasehold 486 6.38 11.867 286.44 .60 70.05 $499,000 $22,222,576.35
Other 80 1.09 11.854 239.98 1.08 66.19 $175,000 $3,797,087.87
- -------------------------------------------------------------------------------------------------------------------
Total..... 8,308 100.00% 11.501 262.06 1.33 70.01 $499,000 $348,358,103.45
===================================================================================================================
<CAPTION>
OCCUPANCY
- ------------------------------------------------------------------------------------------------------------------
WA WA Max. Orig Total
# % Rem WA Orig Loan Current
Loan Pool WAC Term Age LTV Amount Balance
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Owner Occ. 7,949 95.63 11.512 262.09 1.32 70.31 $499,000 $333,138,196.10
Investor 322 3.99 11.268 264.24 1.51 64.21 $253,000 $13,884,421.03
Vacation/Second Home 37 .38 11.384 232.25 .86 57.44 $105,000 $1,335,486.32
- -------------------------------------------------------------------------------------------------------------------
Total..... 8,308 100.00% 11.501 262.06 1.33 70.01 $499,000 $348,358,103.45
===================================================================================================================
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH A DISCLAIMER,
PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED FINANCIAL ADVISOR IMMEDIATELY.
</TABLE>
<PAGE>
<TABLE>
LOAN-PURPOSE
- ------------------------------------------------------------------------------------------------------------------
<CAPTION>
WA WA Max. Orig Total
# % Rem WA Orig Loan Current
Loan Pool WAC Term Age LTV Amount Balance
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Purchase 53 1.25 11.104 315.78 2.12 79.38 $277,500 $4,341,008.42
Refinance/No ETO 832 13.84 10.813 286.22 2.55 70.14 $288,000 $48,220,156.73
Refinance/ETO 260 2.14 11.656 219.86 2.36 58.88 $172,000 $7,465,098.29
Refinance/ETO 6,550 76.67 11.616 259.40 1.05 70.35 $499,000 $267,083,623.73
Debt Consolidation 334 2.83 11.580 219.25 2.42 65.14 $99,600 $9,849,355.57
Unknown 279 3.27 11.713 266.48 .80 69.42 $177,000 $11,398,860.71
- -------------------------------------------------------------------------------------------------------------------
Total..... 8,308 100.00% 11.501 262.06 1.33 70.01 $499,000 $348,358,103.45
===================================================================================================================
LIEN STATUS 19-Sep-1996
- ------------------------------------------------------------------------------------------------------------------------
<CAPTION>
WA WA Max. Orig Total
# % Rem WA Orig Loan Current
Loan Pool WAC Term Age LTV Amount Balance
<C> <C> <C> <C> <C> <C> <C> <C> <C>
1 5,177 76.46 11.237 284.76 1.29 68.68 $499,000 $266,364,827.13
2 3,131 23.54 12.361 188.31 1.46 74.33 $155,000 $81,993,276.32
- -------------------------------------------------------------------------------------------------------------------
Total..... 8,308 100.00% 01 262.06 1.33 70.01 $499,000 $348,358,103.45
===================================================================================================================
<CAPTION>
CREDIT RATING 19-Sep-1996
- --------------------------------------------------------------------------------------------------------------
WA WA Max. Orig Total
# % Rem WA Orig Loan Current
Credit Rating Loan Pool WAC Term Age LTV Amount Balance
<S> <C> <C> <C> <C> <C> <C> <C> <C>
A 1,840 23.32 10.959 260.40 1.39 71.83 $288,000 $81,253,726.47
A- 1,644 19.81 11.272 252.39 1.03 72.69 $250,000 $69,026,678.82
B+ 1,803 23.50 11.214 269.94 1.42 71.10 $497,000 $81,848,515.41
B 1,668 19.62 11.792 267.65 1.39 68.89 $499,000 $68,345,860.74
B- 645 6.69 12.579 256.54 1.29 64.61 $161,250 $23,311,340.90
C+ 101 .98 12.915 251.98 .97 65.59 $135,000 $3,404,013.34
C 571 5.81 13.039 260.12 1.67 60.48 $217,000 $20,245,001.26
C- 36 .26 14.211 238.81 .96 59.65 $83,200 $922,966.51
- --------------------------------------------------------------------------------------------------------------
Total..... 8,308 100.00% 11.501 262.06 1.33 70.01 $499,000 $348,358,103.45
==============================================================================================================
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH A DISCLAIMER,
PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED FINANCIAL ADVISOR IMMEDIATELY.
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
- --------------------------------------------------------------------------------
- MONEY STORE MON6C
- Cut Off Date of Tape is 9/1/96
- ARM COLLATERAL
- $174,267,868.80
- --------------------------------------------------------------------------------
<S> <C> <C>
Number of Mortgage Loans: 2,170
Index: VARIOUS * refer to table on
last page.
Aggregate Unpaid Principal Balance: $174,267,868.80
Aggregate Original Principal Balance: $174,365,264.68
Weighted Average Coupon (Net): 8.794% * 45 loans with coupon {*life floor
Gross Coupon Range: 6.250% - 12.800%
Weighted Average Coupon (Gross): 9.294% * 45 loans with coupon { life floor
Gross Coupon Range: 6.750% - 13.300%
Weighted Average Margin (Net): 5.026%
Gross Margin Range: 3.500% - 6.500%
Weighted Average Margin (Gross): 5.526%
Gross Margin Range: 4.000% - 7.000%
Weighted Average Life Cap (Net): 14.884%
Gross Life Cap Range: 10.750% - 18.800%
Weighted Average Life Cap (Gross): 15.384%
Gross Life Cap Range: 11.250% - 19.300%
Weighted Average Life Floor (Net): 8.804% * 45 loans with coupon { life floor
Gross Life Floor Range: 4.750% - 12.800%
Weighted Average Life Floor (Gross): 9.304% * 45 loans with coupon { life floor
Gross Life Floor Range: 5.250% - 13.300%
- --------------------------------------------------------------------------------
Average Unpaid Principal Balance: $80,307.77
Average Original Principal Balance: $80,352.66
Maximum Unpaid Principal Balance: $468,419.16
Minimum Unpaid Principal Balance: $10,996.07
Maximum Original Principal Balance: $468,750.00
Minimum Original Principal Balance: $10,996.07
Weighted Avg. Stated Rem. Term (LPD to Mat Date): 358.781
Stated Rem Term Range: 340.000 - 360.000
Weighted Average Age (First Pay thru Last Pay): 1.219
Age Range: 0.000 - 20.000
Weighted Average Original Term: 360.000
Original Term Range: 360.000 - 360.000
Weighted Average Original CLTV: 71.674
Original CLTV Range: 13.790% - 95.560%
Weighted Average Debt to Income: 34.491
Debt to Income Range: 7.000% - 59.100%
Weighted Average Periodic Interest Cap: 1.193%
Periodic Interest Cap Range: 1.000% - 3.000%
Weighted Average Months to Interest Roll: 5.395
Months to Interest Roll Range: 1 - 12
- --------------------------------------------------------------------------------
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH A DISCLAIMER,
PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED FINANCIAL ADVISOR IMMEDIATELY.
<FN>
* {=Less than
</FN>
</TABLE>
<PAGE>
<TABLE>
GROSS COUPON
- -------------------------------------------------------------------------------------------------------------------
<CAPTION>
WA WA Max. Orig Total
Gross # % Rem WA Orig Loan Current
Coupon Loan Pool WAC Term Age LTV Amount Balance
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
6.50% { Gross Coupon {=* 6.75% 1 .05 6.750 358.00 2.00 55.00 $92,400 $92,320.45
6.75% { Gross Coupon {= 7.00% 7 .41 6.962 358.15 1.85 68.20 $227,000 $715,924.52
7.00% { Gross Coupon {= 7.25% 7 .41 7.193 358.26 1.74 73.80 $221,000 $715,909.04
7.25% { Gross Coupon {= 7.50% 10 .49 7.461 357.96 2.04 71.68 $150,000 $862,032.89
7.50% { Gross Coupon {= 7.75% 44 1.99 7.742 358.37 1.63 73.10 $468,750 $3,466,551.49
7.75% { Gross Coupon {= 8.00% 144 8.20 7.954 358.88 1.12 73.47 $405,000 $14,281,829.59
8.00% { Gross Coupon {= 8.25% 107 5.82 8.204 359.26 .74 74.26 $364,800 $10,150,160.95
8.25% { Gross Coupon {= 8.50% 136 7.42 8.473 358.89 1.11 74.39 $380,000 $12,933,646.10
8.50% { Gross Coupon {= 8.75% 254 11.55 8.708 359.03 .97 72.91 $239,200 $20,127,961.78
8.75% { Gross Coupon {= 9.00% 188 8.72 8.928 359.07 .93 72.50 $397,500 $15,196,161.11
9.00% { Gross Coupon {= 9.25% 238 10.93 9.235 358.53 1.47 72.19 $288,000 $19,045,958.90
9.25% { Gross Coupon {= 9.50% 181 7.39 9.469 359.11 .89 72.74 $260,000 $12,879,133.14
9.50% { Gross Coupon {= 9.75% 198 8.38 9.730 358.70 1.30 70.08 $349,837 $14,598,724.13
9.75% { Gross Coupon {= 10.00% 203 8.20 9.959 358.92 1.08 68.03 $262,500 $14,281,440.78
10.00% { Gross Coupon {= 10.25% 134 5.97 10.229 358.29 1.71 70.25 $390,000 $10,411,052.16
10.25% { Gross Coupon {= 10.50% 100 4.32 10.459 358.60 1.40 67.81 $225,000 $7,533,877.56
10.50% { Gross Coupon {= 10.75% 66 3.14 10.717 358.43 1.57 69.19 $456,000 $5,479,547.25
10.75% { Gross Coupon {= 11.00% 50 2.19 10.942 358.31 1.69 71.25 $196,000 $3,810,839.08
11.00% { Gross Coupon {= 11.25% 36 1.27 11.175 359.37 .63 71.74 $107,200 $2,210,647.91
11.25% { Gross Coupon {= 11.50% 14 .77 11.437 357.97 2.03 66.29 $240,000 $1,338,865.25
11.50% { Gross Coupon {= 11.75% 12 .55 11.645 357.32 2.68 72.33 $155,905 $951,273.45
11.75% { Gross Coupon {= 12.00% 13 .49 11.909 358.45 1.55 66.94 $117,000 $854,700.45
12.00% { Gross Coupon {= 12.25% 10 .49 12.201 357.44 2.56 66.00 $271,427 $849,657.18
12.25% { Gross Coupon {= 12.50% 8 .31 12.459 358.52 1.48 69.72 $165,000 $535,283.54
12.50% { Gross Coupon {= 12.75% 3 .21 12.703 356.51 3.49 75.00 $187,500 $365,070.34
12.75% { Gross Coupon {= 13.00% 4 .26 12.907 357.63 2.37 68.23 $175,000 $444,399.76
13.00% { Gross Coupon {= 13.25% 1 .06 13.250 359.00 1.00 80.00 $102,400 $102,400.00
13.25% { Gross Coupon {= 13.50% 1 .02 13.300 360.00 .00 65.00 $32,500 $32,500.00
- -------------------------------------------------------------------------------------------------------------------
Total..... 2,170 100.00% 9.294 358.78 1.22 71.67 $468,750 $174,267,868.80
===================================================================================================================
<CAPTION>
ORIGINAL MATURITY
- -------------------------------------------------------------------------------------------------------------------
WA WA Max. Orig Total
Original # % Rem WA Orig Loan Current
Maturity Loan Pool WAC Term Age LTV Amount Balance
<C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
350 { Original Maturity {= 360 2,170 100.00 9.294 358.78 1.22 71.67 $468,750 $174,267,868.80
- -------------------------------------------------------------------------------------------------------------------
Total..... 2,170 100.00% 9.294 358.78 1.22 71.67 $468,750 $174,267,868.80
===================================================================================================================
<CAPTION>
REMAINING TERM
- -------------------------------------------------------------------------------------------------------------------
WA WA Max. Orig Total
# % Rem WA Orig Loan Current
Remaining Term Loan Pool WAC Term Age LTV Amount Balance
<C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
336 { Rem Term {= 348 3 .15 9.840 341.04 18.96 75.78 $156,000 $267,646.12
348 { Rem Term {= 360 2,167 99.85 9.294 358.81 1.19 71.67 $468,750 $174,000,222.68
- -------------------------------------------------------------------------------------------------------------------
Total..... 2,170 100.00% 9.294 358.78 1.22 71.67 $468,750 $174,267,868.80
===================================================================================================================
<CAPTION>
LOAN AGE IN MONTHS (FIRST PAY THRU LAST PAY)
- -------------------------------------------------------------------------------------------------------------------
WA WA Max. Orig Total
# % Rem WA Orig Loan Current
Age of Loan Loan Pool WAC Term Age LTV Amount Balance
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
0 { Age {= 12 2,167 99.85 9.294 358.81 1.19 71.67 $468,750 $174,000,222.68
12 { Age {= 24 3 .15 9.840 341.04 18.96 75.78 $156,000 $267,646.12
- -------------------------------------------------------------------------------------------------------------------
Total..... 2,170 100.00% 9.294 358.78 1.22 71.67 $468,750 $174,267,868.80
===================================================================================================================
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH A DISCLAIMER,
PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED FINANCIAL ADVISOR IMMEDIATELY.
<FN>
* {= Less than
</FN>
</TABLE>
<PAGE>
<TABLE>
ORIGINATION YEAR
- ------------------------------------------------------------------------------------------------------------------
<CAPTION>
WA WA Max. Orig Total
Year of # % Rem WA Orig Loan Current
Origination Loan Pool WAC Term Age LTV Amount Balance
<S> <C> <C> <C> <C> <C> <C> <C> <C>
1994 1 .09 9.250 340.00 20.00 74.29 $156,000 $153,928.28
1995 10 .56 10.441 350.35 9.65 73.83 $196,000 $971,448.13
1996 2,159 99.35 9.288 358.84 1.16 71.66 $468,750 $173,142,492.39
- -------------------------------------------------------------------------------------------------------------------
Total..... 2,170 100.00% 9.294 358.78 1.22 71.67 $468,750 $174,267,868.80
===================================================================================================================
<CAPTION>
LAST PAYMENT DATE (SCHEDULED BALANCE DATE)
- -------------------------------------------------------------------------------------------------------------------
Last WA WA Max. Orig Total
Pay # % Rem WA Orig Loan Current
Date Loan Pool WAC Term Age LTV Amount Balance
<C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
09/01/96 2,151 99.31 9.292 358.77 1.23 71.66 $468,750 $173,066,268.80
10/01/96 19 .69 9.658 360.00 .00 73.76 $131,200 $1,201,600.00
- ----------------------------------------------------------------------------------------------------------------
Total..... 2,170 100.00% 9.294 358.78 1.22 71.67 $468,750 $174,267,868.80
================================================================================================================
<CAPTION>
ORIGINAL CLTV RANGE
- ---------------------------------------------------------------------------------------------------------------
WA WA Max. Orig Total
CLTV # % Rem WA Orig Loan Current
RANGE Loan Pool WAC Term Age LTV Amount Balance
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
0.000 { CLTV {=* 50.000 155 5.48 9.434 358.60 1.40 39.05 $232,000 $9,543,113.31
50.000 { CLTV {= 55.000 89 3.10 9.296 358.67 1.33 52.76 $170,000 $5,407,889.30
55.000 { CLTV {= 60.000 90 3.64 9.696 358.39 1.61 58.08 $349,837 $6,347,560.06
60.000 { CLTV {= 65.000 221 8.30 9.850 358.60 1.40 63.67 $188,500 $14,459,914.38
65.000 { CLTV {= 70.000 305 13.66 9.477 358.85 1.15 68.44 $320,000 $23,813,394.58
70.000 { CLTV {= 75.000 406 20.90 9.357 358.40 1.60 73.98 $468,750 $36,416,727.73
75.000 { CLTV {= 80.000 782 38.93 9.061 359.00 1.00 79.16 $456,000 $67,835,736.81
80.000 { CLTV {= 85.000 115 5.57 8.985 359.32 .68 80.57 $330,600 $9,701,546.86
85.000 { CLTV {= 90.000 3 .12 9.117 358.41 1.59 85.27 $89,300 $200,678.54
90.000 { CLTV {= 95.000 3 .21 9.577 358.26 1.74 91.68 $212,600 $369,375.58
95.000 { CLTV {= 100.000 1 .10 10.500 358.00 2.00 95.56 $172,000 $171,931.65
- ---------------------------------------------------------------------------------------------------------------
Total..... 2,170 100.00% 9.294 358.78 1.22 71.67 $468,750 $174,267,868.80
===============================================================================================================
<CAPTION>
GROSS MARGIN
- ----------------------------------------------------------------------------------------------------------
WA WA Max. Orig Total
Gross # % Rem WA Orig Loan Current
Margin Loan Pool WAC Term Age LTV Amount Balance
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
3.75% { Gross Margin {=* 4.00% 3 .16 8.865 356.22 3.78 70.89 $112,370 $280,220.68
4.00% { Gross Margin {= 4.25% 1 .15 9.380 358.00 2.00 80.00 $260,000 $260,000.00
4.25% { Gross Margin {= 4.50% 3 .23 9.288 349.12 10.88 73.82 $168,479 $393,007.02
4.50% { Gross Margin {= 4.75% 17 1.23 9.394 355.93 4.07 68.14 $349,837 $2,136,846.29
4.75% { Gross Margin {= 5.00% 217 10.72 8.560 359.08 .92 73.35 $468,750 $18,674,512.41
5.00% { Gross Margin {= 5.25% 572 27.95 8.788 359.21 .79 73.96 $405,000 $48,715,755.97
5.25% { Gross Margin {= 5.50% 526 23.84 9.311 359.00 1.00 73.53 $397,500 $41,541,344.65
5.50% { Gross Margin {= 5.75% 309 13.52 9.764 358.51 1.49 70.00 $390,000 $23,567,542.57
5.75% { Gross Margin {= 6.00% 302 11.98 9.808 358.51 1.49 66.72 $250,000 $20,874,738.20
6.00% { Gross Margin {= 7.00% 220 10.23 10.181 358.06 1.94 67.62 $456,000 $17,823,901.01
- -----------------------------------------------------------------------------------------------------------
Total..... 2,170 100.00% 9.294 358.78 1.22 71.67 $468,750 $174,267,868.80
===========================================================================================================
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH A DISCLAIMER,
PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED FINANCIAL ADVISOR IMMEDIATELY.
* {= Less than
</TABLE>
<PAGE>
<TABLE>
Gross Life Cap
- --------------------------------------------------------------------------------------------------------------
<CAPTION>
WA WA Max. Orig Total
Gross # % Rem WA Orig Loan Current
Life Cap Loan Pool WAC Term Age LTV Amount Balance
<C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
11.00% { Gross Life Cap {=*11.25 1 .09 9.250 340.00 20.00 74.29 $156,000 $153,928.28
12.50% { Gross Life Cap {= 12.75 1 .05 6.750 358.00 2.00 55.00 $92,400 $92,320.45
12.75% { Gross Life Cap {= 13.00 2 .06 6.950 358.00 2.00 80.00 $61,600 $104,713.25
13.00% { Gross Life Cap {= 13.25 1 .13 7.100 358.00 2.00 65.97 $221,000 $220,822.39
13.25% { Gross Life Cap {= 13.50 4 .22 7.491 357.03 2.97 71.71 $150,000 $376,548.09
13.50% { Gross Life Cap {= 13.75 11 .88 7.749 358.15 1.85 73.84 $468,750 $1,530,396.06
13.75% { Gross Life Cap {= 14.00 141 8.04 7.912 358.88 1.12 73.28 $405,000 $14,007,208.54
14.00% { Gross Life Cap {= 14.25 90 4.92 8.144 359.23 .77 74.36 $364,800 $8,569,661.92
14.25% { Gross Life Cap {= 14.50 134 7.15 8.433 358.94 1.06 74.42 $380,000 $12,459,080.56
14.50% { Gross Life Cap {= 14.75 261 11.70 8.619 358.98 1.02 72.99 $239,200 $20,389,725.20
14.75% { Gross Life Cap {= 15.00 186 8.85 8.870 359.04 .96 72.61 $397,500 $15,415,255.41
15.00% { Gross Life Cap {= 15.25 233 10.81 9.135 358.73 1.27 73.09 $288,000 $18,834,804.47
15.25% { Gross Life Cap {= 15.50 181 7.75 9.412 359.01 .99 72.73 $260,000 $13,498,096.60
15.50% { Gross Life Cap {= 15.75 218 9.11 9.623 358.67 1.33 70.27 $349,837 $15,867,731.85
15.75% { Gross Life Cap {= 16.00 206 8.18 9.910 358.98 1.02 67.70 $192,000 $14,252,401.73
16.00% { Gross Life Cap {= 16.25 158 6.89 10.033 358.34 1.66 69.18 $390,000 $12,004,401.90
16.25% { Gross Life Cap {= 16.50 98 4.11 10.397 358.88 1.12 67.31 $225,000 $7,170,807.88
16.50% { Gross Life Cap {= 16.75 64 2.74 10.609 358.75 1.25 67.94 $300,000 $4,775,173.86
16.75% { Gross Life Cap {= 17.00 54 2.44 10.782 358.24 1.76 71.83 $262,500 $4,246,511.83
17.00% { Gross Life Cap {= 17.25 38 1.51 10.962 359.07 .93 73.18 $224,000 $2,627,875.61
17.25% { Gross Life Cap {= 17.50 22 1.09 11.051 357.85 2.15 69.21 $240,000 $1,901,759.15
17.50% { Gross Life Cap {= 17.75 20 1.18 11.163 357.71 2.29 73.34 $456,000 $2,061,031.13
17.75% { Gross Life Cap {= 18.00 16 .64 11.697 358.13 1.87 68.30 $117,000 $1,114,804.77
18.00% { Gross Life Cap {= 18.25 12 .59 12.040 357.54 2.46 67.10 $271,427 $1,022,184.13
18.25% { Gross Life Cap {= 18.50 9 .36 12.302 358.45 1.55 69.76 $165,000 $626,253.64
18.50% { Gross Life Cap {= 18.75 3 .21 12.703 356.51 3.49 75.00 $187,500 $365,070.34
18.75% { Gross Life Cap {= 19.00 4 .26 12.907 357.63 2.37 68.23 $175,000 $444,399.76
19.00% { Gross Life Cap {= 19.25 1 .06 13.250 359.00 1.00 80.00 $102,400 $102,400.00
19.25% { Gross Life Cap {= 19.50 1 .02 13.300 360.00 .00 65.00 $32,500 $32,500.00
- -----------------------------------------------------------------------------------------------------------
Total..... 2,170 100.00% 9.294 358.78 1.22 71.67 $468,750 $174,267,868.80
===========================================================================================================
<CAPTION>
Gross Life Floor
- --------------------------------------------------------------------------------------------------------------
WA WA Max. Orig Total
Gross # % Rem WA Orig Loan Current
Life Floor Loan Pool WAC Term Age LTV Amount Balance
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
5.00% { Life Floor {=* 5.25% 1 .09 9.250 340.00 20.00 74.29 $156,000 $153,928.28
5.25% { Life Floor {= 5.50% 1 .02 10.690 358.00 2.00 41.67 $30,000 $29,977.00
5.50% { Life Floor {= 5.75% 1 .22 8.380 356.00 4.00 74.66 $380,000 $379,525.85
6.50% { Life Floor {= 6.75% 1 .05 6.750 358.00 2.00 55.00 $92,400 $92,320.45
6.75% { Life Floor {= 7.00% 7 .41 6.962 358.15 1.85 68.20 $227,000 $715,924.52
7.00% { Life Floor {= 7.25% 7 .41 7.193 358.26 1.74 73.80 $221,000 $715,909.04
7.25% { Life Floor {= 7.50% 10 .49 7.461 357.96 2.04 71.68 $150,000 $862,032.89
7.50% { Life Floor {= 7.75% 44 1.99 7.742 358.37 1.63 73.10 $468,750 $3,466,551.49
7.75% { Life Floor {= 8.00% 144 8.20 7.954 358.88 1.12 73.47 $405,000 $14,281,829.59
8.00% { Life Floor {= 8.25% 111 6.01 8.246 359.07 .93 74.28 $364,800 $10,476,485.02
8.25% { Life Floor {= 8.50% 133 6.97 8.477 359.01 .99 74.28 $330,600 $12,143,372.32
8.50% { Life Floor {= 8.75% 256 11.66 8.728 358.94 1.06 72.91 $239,200 $20,316,062.77
8.75% { Life Floor {= 9.00% 188 8.72 8.928 359.07 .93 72.50 $397,500 $15,196,161.11
9.00% { Life Floor {= 9.25% 229 10.28 9.243 358.78 1.22 72.14 $288,000 $17,917,581.75
9.25% { Life Floor {= 9.50% 181 7.61 9.453 359.04 .96 72.70 $260,000 $13,257,226.48
9.50% { Life Floor {= 9.75% 195 8.27 9.729 358.71 1.29 70.02 $349,837 $14,412,248.17
9.75% { Life Floor {= 10.00% 201 8.10 9.959 358.94 1.06 67.90 $262,500 $14,119,972.16
10.00% { Life Floor {= 10.25% 135 6.04 10.144 358.27 1.73 69.91 $390,000 $10,519,714.87
10.25% { Life Floor {= 10.50% 93 3.97 10.438 358.80 1.20 67.65 $225,000 $6,923,151.17
10.50% { Life Floor {= 10.75% 58 2.49 10.666 358.87 1.13 68.15 $300,000 $4,338,187.54
10.75% { Life Floor {= 11.00% 49 2.13 10.897 358.35 1.65 71.53 $196,000 $3,712,203.38
11.00% { Life Floor {= 11.25% 39 1.55 10.970 359.04 .96 73.23 $224,000 $2,696,102.56
11.25% { Life Floor {= 11.50% 21 1.06 11.070 358.07 1.93 68.40 $240,000 $1,840,983.57
11.50% { Life Floor {= 11.75% 20 1.18 11.163 357.71 2.29 73.34 $456,000 $2,061,031.13
11.75% { Life Floor {= 12.00% 16 .64 11.697 358.13 1.87 68.30 $117,000 $1,114,804.77
12.00% { Life Floor {= 12.25% 11 .55 12.097 357.50 2.50 66.54 $271,427 $953,957.18
12.25% { Life Floor {= 12.50% 9 .36 12.302 358.45 1.55 69.76 $165,000 $626,253.64
12.50% { Life Floor {= 12.75% 3 .21 12.703 356.51 3.49 75.00 $187,500 $365,070.34
12.75% { Life Floor {= 13.00% 4 .26 12.907 357.63 2.37 68.23 $175,000 $444,399.76
13.00% { Life Floor {= 13.25% 1 .06 13.250 359.00 1.00 80.00 $102,400 $102,400.00
13.25% { Life Floor {= 13.50% 1 .02 13.300 360.00 .00 65.00 $32,500 $32,500.00
- --------------------------------------------------------------------------------------------------------------
Total..... 2,170 100.00% 9.294 358.78 1.22 71.67 $468,750 $174,267,868.80
==============================================================================================================
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH A DISCLAIMER,
PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED FINANCIAL ADVISOR IMMEDIATELY.
* {= Less than
</TABLE>
<PAGE>
<TABLE>
NEXT INTEREST ADJUSTMENT DATE
- --------------------------------------------------------------------------------------------------------------
<CAPTION>
Next
Interest WA WA Max. Orig Total
Adjustment # % Rem WA Orig Loan Current
Date Loan Pool WAC Term Age LTV Amount Balance
<S> <C> <C> <C> <C> <C> <C> <C> <C>
10/01/96 80 3.66 8.623 356.69 3.31 70.02 $252,000 $6,380,658.26
11/01/96 73 3.01 8.516 358.47 1.53 72.80 $206,250 $5,251,251.44
12/01/96 80 3.68 9.633 357.35 2.65 70.26 $262,500 $6,416,707.44
01/01/97 312 15.51 9.317 357.93 2.07 71.77 $468,750 $27,029,857.26
02/01/97 641 29.44 9.129 358.95 1.05 71.64 $364,800 $51,310,888.00
03/01/97 733 32.97 9.411 359.77 .23 72.92 $405,000 $57,462,306.28
04/01/97 27 1.22 9.803 357.68 2.32 69.40 $168,479 $2,119,234.57
05/01/97 19 1.28 10.202 356.00 4.00 64.46 $380,000 $2,226,863.18
06/01/97 40 2.16 10.315 357.00 3.00 66.15 $349,837 $3,765,752.62
07/01/97 101 4.34 9.181 358.00 2.00 70.28 $397,500 $7,570,179.03
08/01/97 44 1.87 9.447 359.00 1.00 70.09 $288,000 $3,258,220.72
09/01/97 20 .85 9.842 360.00 .00 70.85 $120,000 $1,475,950.00
- --------------------------------------------------------------------------------------------------------------
Total..... 2,170 100.00% 9.294 358.78 1.22 71.67 $468,750 $174,267,868.80
==============================================================================================================
<CAPTION>
PERIODIC INTEREST CAP
- --------------------------------------------------------------------------------------------------------------
Periodic WA WA Max. Orig Total
Interest # % Rem WA Orig Loan Current
Cap Loan Pool WAC Term Age LTV Amount Balance
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
1.00% 1,758 80.50 9.303 359.08 .92 72.22 $468,750 $140,291,588.39
1.50% 8 .72 8.975 358.51 1.49 68.45 $320,000 $1,259,368.08
2.00% 403 18.61 9.263 357.53 2.47 69.40 $397,500 $32,426,533.02
3.00% 1 .17 10.250 354.00 6.00 75.00 $291,000 $290,379.31
- --------------------------------------------------------------------------------------------------------------
Total..... 2,170 100.00% 9.294 358.78 1.22 71.67 $468,750 $174,267,868.80
==============================================================================================================
<CAPTION>
ORIGINAL MORTGAGE AMOUNT
- -------------------------------------------------------------------------------------------------------------------
WA WA Max. Orig Total
Original # % Rem WA Orig Loan Current
Mortgage Amt. Loan Pool WAC Term Age LTV Amount Balance
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Balance {=* 25,000 31 .39 9.539 358.77 1.23 60.25 $25,000 $688,034.20
25,000 { Balance {= 50,000 515 11.76 9.504 359.03 .97 66.18 $50,000 $20,496,718.54
50,000 { Balance {= 75,000 686 24.60 9.387 358.96 1.04 70.38 $75,000 $42,870,895.41
75,000 { Balance {= 100,000 460 22.96 9.253 358.94 1.06 72.41 $100,000 $40,018,696.01
100,000 { Balance {= 150,000 329 22.57 9.275 358.73 1.27 73.45 $150,000 $39,324,663.22
150,000 { Balance {= 203,150 96 9.58 9.230 358.20 1.80 74.43 $203,000 $16,689,702.67
203,150 { Balance {= 250,000 33 4.27 8.727 358.61 1.39 73.96 $250,000 $7,439,458.26
250,000 { Balance {= 300,000 8 1.27 9.836 357.76 2.24 72.64 $300,000 $2,210,366.20
300,000 { Balance {= 350,000 4 .75 9.064 358.48 1.52 70.13 $349,837 $1,307,936.70
350,000 { Balance {= 400,000 5 1.09 8.768 356.97 3.03 75.35 $397,500 $1,892,150.11
400,000 { Balance {= 450,000 1 .23 7.950 360.00 .00 76.70 $405,000 $405,000.00
450,000 { Balance {= 500,000 2 .53 9.230 358.00 2.00 76.45 $468,750 $924,247.48
- -------------------------------------------------------------------------------------------------------------------
Total..... 2,170 100.00% 9.294 358.78 1.22 71.67 $468,750 $174,267,868.80
===================================================================================================================
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH A DISCLAIMER,
PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED FINANCIAL ADVISOR IMMEDIATELY.
* {= Less than
</TABLE>
<PAGE>
<TABLE>
CURRENT MORTGAGE AMOUNT
- -------------------------------------------------------------------------------------------------------------------
<CAPTION>
WA WA Max. Orig Total
Current # % Rem WA Orig Loan Current
Mortgage Amt. Loan Pool WAC Term Age LTV Amount Balance
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Balance {=* 25,000 31 .39 9.539 358.77 1.23 60.25 $25,000 $688,034.20
25,000 { Balance {= 50,000 515 11.76 9.504 359.03 .97 66.18 $50,000 $20,496,718.54
50,000 { Balance {= 75,000 686 24.60 9.387 358.96 1.04 70.38 $75,000 $42,870,895.41
75,000 { Balance {= 100,000 460 22.96 9.253 358.94 1.06 72.41 $100,000 $40,018,696.01
100,000 { Balance {= 150,000 329 22.57 9.275 358.73 1.27 73.45 $150,000 $39,324,663.22
150,000 { Balance {= 200,000 95 9.46 9.225 358.21 1.79 74.49 $200,000 $16,486,896.93
200,000 { Balance {= 250,000 34 4.39 8.752 358.60 1.40 73.85 $250,000 $7,642,264.00
250,000 { Balance {= 300,000 8 1.27 9.836 357.76 2.24 72.64 $300,000 $2,210,366.20
300,000 { Balance {= 350,000 4 .75 9.064 358.48 1.52 70.13 $349,837 $1,307,936.70
350,000 { Balance {= 400,000 5 1.09 8.768 356.97 3.03 75.35 $397,500 $1,892,150.11
400,000 { Balance {= 450,000 1 .23 7.950 360.00 .00 76.70 $405,000 $405,000.00
450,000 { Balance {= 500,000 2 .53 9.230 358.00 2.00 76.45 $468,750 $924,247.48
- -------------------------------------------------------------------------------------------------------------------
Total..... 2,170 100.00% 9.294 358.78 1.22 71.67 $468,750 $174,267,868.80
===================================================================================================================
<CAPTION>
GEOGRAPHIC DISTRIBUTION
- -----------------------------------------------------------------------------------------------------------------------------------
Calc.
WA WA WA Min. Curr Max. Curr Total Avg.
# % Rem WA MIN MAX Orig Curr Loan Loan Current Curr
State Loans Pool WAC Term Age AGE AGE LTV LTV Amount Amount Balance Bal
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
AL 1 .09 9.250 340.00 20.00 20.00 20.00 74.29 73.30 $153,928 $153,928 $153,928 $153,928
AZ 54 2.38 8.907 359.19 .81 .00 2.00 71.50 71.49 $28,300 $239,200 $4,141,773 $76,700
CA 129 8.38 9.014 358.87 1.13 .00 7.00 70.81 70.79 $26,000 $468,419 $14,611,019 $113,264
CO 59 3.02 9.290 358.58 1.42 .00 5.00 68.88 68.87 $32,000 $250,000 $5,267,573 $89,281
CT 25 1.36 9.315 358.33 1.67 .00 4.00 67.42 67.39 $35,000 $260,000 $2,374,040 $94,962
DC 7 .35 9.674 358.26 1.74 .00 5.00 70.87 70.85 $60,961 $115,000 $614,216 $87,745
DE 16 .88 8.893 359.18 .82 .00 2.00 74.45 74.44 $60,700 $195,000 $1,540,573 $96,286
FL 79 2.99 9.195 358.57 1.43 .00 9.00 71.97 71.94 $25,500 $205,883 $5,205,401 $65,891
GA 50 2.09 9.087 359.17 .83 .00 2.00 73.79 73.77 $25,487 $234,600 $3,638,018 $72,760
IA 11 .28 8.509 358.62 1.38 .00 2.00 73.63 73.58 $24,000 $78,650 $488,723 $44,429
ID 44 1.83 9.317 359.08 .92 .00 3.00 73.82 73.80 $25,985 $225,000 $3,191,026 $72,523
IL 164 7.27 9.373 358.61 1.39 .00 18.00 73.34 73.26 $21,700 $205,985 $12,665,493 $77,229
IN 72 2.37 9.210 359.05 .95 .00 4.00 74.53 74.51 $22,476 $187,886 $4,129,666 $57,356
KS 18 .76 8.964 359.05 .95 .00 2.00 74.81 74.79 $38,300 $168,000 $1,319,898 $73,328
KY 28 1.01 10.137 358.90 1.10 .00 17.00 73.23 73.19 $24,000 $161,300 $1,758,060 $62,788
MA 66 3.74 9.562 358.40 1.60 .00 9.00 68.45 68.42 $40,000 $223,906 $6,525,054 $98,864
MD 50 3.06 9.685 358.55 1.45 .00 7.00 72.03 71.98 $28,370 $286,600 $5,325,345 $106,507
ME 49 1.77 9.362 359.30 .70 .00 3.00 70.42 70.37 $27,000 $110,000 $3,083,051 $62,919
MI 127 4.43 9.195 358.89 1.11 .00 7.00 72.29 72.23 $16,000 $229,381 $7,728,020 $60,851
MN 35 1.80 9.588 358.65 1.35 .00 6.00 74.92 74.88 $24,989 $389,147 $3,136,425 $89,612
MO 61 2.33 8.948 359.01 .99 .00 6.00 72.98 72.86 $23,646 $361,395 $4,067,517 $66,681
MS 1 .07 9.450 355.00 5.00 5.00 5.00 80.00 79.60 $116,950 $116,950 $116,950 $116,950
NC 16 .72 10.378 358.92 1.08 .00 2.00 76.40 76.39 $21,150 $165,000 $1,250,117 $78,132
ND 3 .10 9.190 359.41 .59 .00 2.00 75.06 75.02 $51,097 $64,000 $172,097 $57,366
NE 8 .32 9.362 358.03 1.97 .00 3.00 71.42 71.39 $32,231 $169,683 $555,397 $69,425
NH 15 .70 9.484 359.18 .82 .00 5.00 72.33 72.32 $41,583 $200,000 $1,219,136 $81,276
NJ 76 4.65 9.696 358.47 1.53 .00 5.00 68.95 68.93 $30,000 $455,828 $8,111,584 $106,731
NM 35 1.53 9.065 358.74 1.26 .00 3.00 71.67 71.64 $20,987 $202,806 $2,667,625 $76,218
NV 32 1.44 9.128 359.22 .78 .00 2.00 71.36 71.34 $28,000 $161,495 $2,516,635 $78,645
NY 135 6.06 9.588 358.70 1.30 .00 6.00 67.58 67.55 $20,979 $300,000 $10,561,436 $78,233
OH 161 6.53 9.626 358.78 1.22 .00 8.00 74.05 74.03 $10,996 $379,526 $11,378,576 $70,674
OK 16 .72 8.439 359.22 .78 .00 2.00 77.41 77.38 $30,400 $169,861 $1,254,704 $78,419
OR 60 2.74 9.075 358.45 1.55 .00 6.00 69.38 69.29 $26,100 $224,871 $4,770,136 $79,502
PA 125 4.33 9.494 359.03 .97 .00 3.00 71.11 71.09 $20,400 $140,000 $7,553,892 $60,431
RI 13 .68 9.519 359.14 .86 .00 3.00 73.35 73.33 $57,673 $123,688 $1,193,508 $91,808
SC 9 .45 8.465 358.95 1.05 .00 2.00 75.67 75.65 $18,850 $165,000 $782,035 $86,893
SD 4 .20 8.624 358.82 1.18 1.00 2.00 59.41 59.38 $51,263 $169,906 $352,700 $88,175
TN 14 .60 9.371 359.26 .74 .00 2.00 74.49 74.48 $24,783 $142,400 $1,046,757 $74,768
TX 12 .52 8.397 358.95 1.05 .00 2.00 61.98 61.87 $24,500 $224,645 $905,041 $75,420
UT 65 3.07 9.110 358.87 1.13 .00 6.00 72.95 72.93 $37,300 $178,397 $5,344,097 $82,217
VA 18 1.16 9.436 357.96 2.04 .00 5.00 71.11 71.09 $36,977 $397,283 $2,023,669 $112,426
VT 13 .67 9.655 359.50 .50 .00 1.00 74.02 74.01 $31,986 $135,000 $1,161,133 $89,318
WA 142 8.01 9.035 358.89 1.11 .00 9.00 73.50 73.47 $19,991 $290,379 $13,958,494 $98,299
WI 52 2.53 8.918 358.99 1.01 .00 4.00 69.37 69.27 $21,180 $231,837 $4,407,333 $84,756
- -----------------------------------------------------------------------------------------------------------------------------------
Total.. 2,170 100.00% 9.294 358.78 1.22 .00 20.00 71.67 71.64 $10,996 $468,419 $174,267,869 $80,308
===================================================================================================================================
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH A DISCLAIMER,
PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED FINANCIAL ADVISOR IMMEDIATELY.
* {= Less than
</TABLE>
<PAGE>
<TABLE>
PROPERTY-TYPE
- ------------------------------------------------------------------------------------------------------------------
<CAPTION>
WA WA Max. Orig Total
# % Rem WA Orig Loan Current
Loan Pool WAC Term Age LTV Amount Balance
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Single-family 1,883 86.69 9.245 358.75 1.25 71.62 $468,750 $151,076,933.44
Deminimus PUD 11 .73 9.264 358.57 1.43 72.14 $239,200 $1,265,261.30
Manufactured Housing 13 .45 9.319 359.19 .81 75.29 $93,000 $779,830.89
Townhouses 15 .50 10.161 358.46 1.54 68.73 $109,200 $876,302.88
Condominiums 17 .69 9.909 357.49 2.51 69.19 $150,000 $1,204,046.84
2-4 Family 80 3.87 9.414 357.82 2.18 69.84 $216,000 $6,747,623.26
Leasehold 150 7.05 9.709 359.83 .17 73.52 $320,000 $12,282,170.19
Other 1 .02 10.250 359.00 1.00 64.91 $35,700 $35,700.00
- -------------------------------------------------------------------------------------------------------------------
Total..... 2,170 100.00% 9.294 358.78 1.22 71.67 $468,750 $174,267,868.80
===================================================================================================================
<CAPTION>
OCCUPANCY
- ------------------------------------------------------------------------------------------------------------------
WA WA Max. Orig Total
# % Rem WA Orig Loan Current
Loan Pool WAC Term Age LTV Amount Balance
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Owner Occ. 2,096 96.92 9.293 358.79 1.21 71.87 $468,750 $168,894,338.48
Investor 65 2.75 9.439 358.22 1.78 64.90 $197,690 $4,797,430.32
Vacation/Second Home 9 .33 8.651 359.66 .34 69.81 $119,000 $576,100.00
- -------------------------------------------------------------------------------------------------------------------
Total..... 2,170 100.00% 9.294 358.78 1.22 71.67 $468,750 $174,267,868.80
===================================================================================================================
<CAPTION>
LOAN-PURPOSE
- ------------------------------------------------------------------------------------------------------------------
WA WA Max. Orig Total
# % Rem WA Orig Loan Current
Loan Pool WAC Term Age LTV Amount Balance
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Purchase 15 .77 9.029 356.89 3.11 75.61 $207,000 $1,347,660.27
Refinance/No ETO 366 17.60 9.007 357.40 2.60 71.61 $468,750 $30,675,612.64
Refinance/ETO 29 1.00 9.473 356.35 3.65 54.90 $146,250 $1,745,997.86
Luxury 1,658 76.17 9.338 359.20 .80 71.92 $456,000 $132,748,334.94
Debt Consolidation 25 .83 9.379 357.08 2.92 65.85 $135,000 $1,446,223.90
Other 77 3.62 9.755 358.16 1.84 71.91 $206,250 $6,304,039.19
- -------------------------------------------------------------------------------------------------------------------
Total..... 2,170 100.00% 9.294 358.78 1.22 71.67 $468,750 $174,267,868.80
===================================================================================================================
<CAPTION>
LIEN STATUS
- ------------------------------------------------------------------------------------------------------------------------
WA WA Max. Orig Total
# % Rem WA Orig Loan Current
Lien Status Loan Pool WAC Term Age LTV Amount Balance
<C> <C> <C> <C> <C> <C> <C> <C> <C>
1 2,170 100.00 9.294 358.78 1.22 71.67 $468,750 $174,267,868.80
- -------------------------------------------------------------------------------------------------------------------
Total..... 2,170 100.00% 9.294 358.78 1.22 71.67 $468,750 $174,267,868.80
===================================================================================================================
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH A DISCLAIMER,
PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED FINANCIAL ADVISOR IMMEDIATELY.
</TABLE>
<PAGE>
<TABLE>
LOAN GRADE
- --------------------------------------------------------------------------------------------------------------
<CAPTION>
WA WA Max. Orig Total
# % Rem WA Orig Loan Current
Loan Grade Loan Pool WAC Term Age LTV Amount Balance
<S> <C> <C> <C> <C> <C> <C> <C> <C>
A 267 14.06 8.583 358.61 1.39 72.88 $468,750 $24,494,764.27
A- 271 14.71 8.892 359.09 .91 72.68 $349,837 $25,631,253.17
B 579 25.47 9.413 358.81 1.19 73.14 $380,000 $44,385,766.17
B+ 427 20.61 8.987 358.82 1.18 73.98 $405,000 $35,917,062.94
B- 272 11.38 9.917 358.62 1.38 69.91 $390,000 $19,824,672.71
C 283 11.08 10.157 358.50 1.50 64.25 $271,427 $19,308,369.29
C+ 50 2.07 10.196 359.18 .82 67.79 $185,000 $3,605,592.59
C- 21 .63 10.471 359.31 .69 61.34 $89,000 $1,100,387.66
- --------------------------------------------------------------------------------------------------------------
Total..... 2,170 100.00% 9.294 358.78 1.22 71.67 $468,750 $174,267,868.80
==============================================================================================================
<CAPTION>
ARM TYPE
- -------------------------------------------------------------------------------------------------------------------
WA WA Max. Orig Total
# % Rem WA Orig Loan Current
Arm Type Loan Pool WAC Term Age LTV Amount Balance
<C> <C> <C> <C> <C> <C> <C> <C> <C>
1 MONTH LIBOR 2 .20 10.201 347.27 12.73 77.30 $196,000 $349,494.60
1M LIBOR (ADJ 3 159 6.44 8.383 358.56 1.44 70.97 $252,000 $11,216,500.41
6 MONTH LIBOR 1,756 80.75 9.305 359.08 .92 72.20 $468,750 $140,714,598.77
1 YEAR CMT 82 5.32 10.175 355.64 4.36 65.29 $390,000 $9,273,988.97
1 YEAR LIBOR 171 7.30 9.318 358.31 1.69 70.94 $397,500 $12,713,286.05
- -------------------------------------------------------------------------------------------------------------------
Total..... 2,170 100.00% 9.294 358.78 1.22 71.67 $468,750 $174,267,868.80
===================================================================================================================
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH A DISCLAIMER,
PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED FINANCIAL ADVISOR IMMEDIATELY.
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
- --------------------------------------------------------------------------------
- MONEY STORE MON6C
- Cut Off Date of Tape is 09/01/96
- FHA
- $131,945,460.38
- --------------------------------------------------------------------------------
<S> <C> <C>
Number of Mortgage Loans: 8,075
Aggregate Unpaid Principal Balance: $131,945,460.38
Aggregate Original Principal Balance: $132,482,574.44
Weighted Average Net Coupon: 11.441%
Net Coupon Range: 8.490% - 15.750%
Weighted Average Gross Coupon: 11.941%
Gross Coupon Range: 8.990% - 16.250%
- --------------------------------------------------------------------------------
Average Unpaid Principal Balance: $16,340.00
Average Original Principal Balance: $16,406.51
Maximum Unpaid Principal Balance: $65,496.58
Minimum Unpaid Principal Balance: $1,471.89
Maximum Original Principal Balance: $65,496.58
Minimum Original Principal Balance: $1,668.04
Weighted Avg. Stated Rem. Term (LPD to Mat Date): 208.388
Stated Rem Term Range: 22.000 - 300.000
Weighted Average Age (First Pay thru Last Pay): 2.243
Age Range: 0.000 - 19.000
Weighted Average Original Term: 210.631
Original Term Range: 24.000 - 300.000
Weighted Average Original LTV: 16.906 * For 1st Liens Loans
Original LTV Range: 3.320% - 105.710%
Weighted Average Combined LTV: 76.847 * For 1st lien loans = original ltv
Combined LTV Range: 0.000% - 105.710% Weighted avg 0 ltv is omitted
Weighted Average Debt to Incmoe Ratio: 37.222
Debt to Income Range: 5.200% - 60.000%
- --------------------------------------------------------------------------------
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH A DISCLAIMER,
PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED FINANCIAL ADVISOR IMMEDIATELY.
</TABLE>
<PAGE>
<TABLE>
GROSS COUPON
- ------------------------------------------------------------------------------------------
<CAPTION>
WA Total
Gross # % Rem WA Current
Coupon Loan Pool WAC Term Age Balance
<S> <C> <C> <C> <C> <C> <C> <C>
8.75% { Gross Coupon {=* 9.00% 6 .08 8.991 207.90 2.83 $101,707.40
9.00% { Gross Coupon {= 9.25% 1 .01 9.250 117.00 3.00 $12,428.84
9.50% { Gross Coupon {= 9.75% 1 .02 9.540 299.00 1.00 $29,094.00
9.75% { Gross Coupon {= 10.00% 1,019 15.15 9.989 227.94 2.34 $19,994,678.23
10.00% { Gross Coupon {= 10.25% 7 .10 10.205 202.80 1.84 $135,055.44
10.25% { Gross Coupon {= 10.50% 164 2.44 10.499 220.90 2.23 $3,225,196.10
10.50% { Gross Coupon {= 10.75% 5 .12 10.750 257.89 1.45 $162,217.05
10.75% { Gross Coupon {= 11.00% 1,056 16.33 10.990 232.67 2.41 $21,543,754.93
11.00% { Gross Coupon {= 11.25% 8 .08 11.250 190.54 2.68 $101,322.57
11.25% { Gross Coupon {= 11.50% 477 6.83 11.497 218.13 2.35 $9,006,369.84
11.50% { Gross Coupon {= 11.75% 60 .51 11.743 165.93 2.50 $674,155.92
11.75% { Gross Coupon {= 12.00% 1,935 22.25 11.990 203.26 2.39 $29,362,071.97
12.00% { Gross Coupon {= 12.25% 140 1.55 12.249 201.38 2.25 $2,039,152.36
12.25% { Gross Coupon {= 12.50% 427 4.49 12.495 190.55 1.87 $5,923,118.29
12.50% { Gross Coupon {= 12.75% 39 .37 12.749 191.54 3.51 $482,196.29
12.75% { Gross Coupon {= 13.00% 1,360 15.03 12.990 187.66 2.19 $19,833,091.33
13.00% { Gross Coupon {= 13.25% 129 1.32 13.241 185.06 1.42 $1,740,480.94
13.25% { Gross Coupon {= 13.50% 149 1.74 13.478 195.01 1.88 $2,292,632.29
13.50% { Gross Coupon {= 13.75% 154 1.61 13.748 185.68 2.27 $2,118,806.23
13.75% { Gross Coupon {= 14.00% 483 5.18 13.992 189.25 1.70 $6,833,587.51
14.00% { Gross Coupon {= 14.25% 27 .33 14.227 201.20 2.02 $430,624.96
14.25% { Gross Coupon {= 14.50% 48 .51 14.490 186.98 1.78 $679,005.89
14.50% { Gross Coupon {= 14.75% 25 .39 14.749 230.22 1.50 $520,656.58
14.75% { Gross Coupon {= 15.00% 304 2.75 14.990 180.41 2.13 $3,632,227.47
15.00% { Gross Coupon {= 15.25% 22 .37 15.250 233.23 2.04 $492,548.99
15.25% { Gross Coupon {= 15.50% 15 .18 15.500 213.83 1.23 $241,519.85
15.50% { Gross Coupon {= 15.75% 4 .07 15.750 266.46 1.47 $93,538.00
15.75% { Gross Coupon {= 16.00% 9 .18 15.998 247.67 .94 $236,093.11
16.00% { Gross Coupon {= 16.25% 1 .01 16.250 117.00 3.00 $8,128.00
- ------------------------------------------------------------------------------------------
Total..... 8,075 100.00% 11.941 208.39 2.24 $131,945,460.38
==========================================================================================
<CAPTION>
ORIGINAL MATURITY
- ----------------------------------------------------------------------------------------
WA Total
Original # % Rem WA Current
Maturity Loan Pool WAC Term Age Balance
<C> <C> <C> <C> <C> <C> <C> <C>
20 { Original Maturity {= 30 1 .00 12.250 22.00 2.00 $3,100.00
30 { Original Maturity {= 40 40 .15 12.316 34.05 1.95 $193,790.22
40 { Original Maturity {= 50 58 .22 12.304 45.55 2.25 $292,216.76
50 { Original Maturity {= 60 411 2.05 12.400 57.80 2.20 $2,707,406.20
70 { Original Maturity {= 80 74 .42 12.577 69.73 2.27 $548,163.28
80 { Original Maturity {= 90 264 1.49 12.598 81.81 2.19 $1,971,199.02
90 { Original Maturity {= 100 149 .95 12.346 93.88 2.10 $1,252,171.43
100 { Original Maturity {= 110 29 .21 12.119 105.83 2.17 $273,212.10
110 { Original Maturity {= 120 1,564 12.50 12.219 117.73 2.26 $16,499,715.99
130 { Original Maturity {= 140 1 .01 12.490 130.00 2.00 $14,082.93
140 { Original Maturity {= 150 89 .89 12.353 141.78 2.29 $1,178,953.55
150 { Original Maturity {= 160 2 .02 12.500 152.94 3.06 $28,830.30
160 { Original Maturity {= 170 2 .02 11.827 164.00 4.00 $27,718.00
170 { Original Maturity {= 180 2,314 27.32 12.006 177.66 2.33 $36,045,860.20
190 { Original Maturity {= 200 2 .03 13.586 190.75 1.25 $39,936.31
230 { Original Maturity {= 240 2,089 33.64 12.154 237.72 2.27 $44,390,490.31
290 { Original Maturity {= 300 986 20.07 11.166 297.92 2.08 $26,478,613.78
- ----------------------------------------------------------------------------------------
Total..... 8,075 100.00% 11.941 208.39 2.24 $131,945,460.38
========================================================================================
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH A DISCLAIMER,
PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED FINANCIAL ADVISOR IMMEDIATELY.
* {= Less than
</TABLE>
<PAGE>
<TABLE>
REMAINING TERM
- -----------------------------------------------------------------------------------------
<CAPTION>
WA Total
# % Rem WA Current
Remaining Term Loan Pool WAC Term Age Balance
<S> <C> <C> <C> <C> <C> <C> <C>
12 { Rem Term {=* 24 1 .00 12.250 22.00 2.00 $3,100.00
24 { Rem Term {= 36 40 .15 12.316 34.05 1.95 $193,790.22
36 { Rem Term {= 48 58 .22 12.304 45.55 2.25 $292,216.76
48 { Rem Term {= 60 411 2.05 12.400 57.80 2.20 $2,707,406.20
60 { Rem Term {= 72 74 .42 12.577 69.73 2.27 $548,163.28
72 { Rem Term {= 84 264 1.49 12.598 81.81 2.19 $1,971,199.02
84 { Rem Term {= 96 149 .95 12.346 93.88 2.10 $1,252,171.43
96 { Rem Term {= 108 29 .21 12.119 105.83 2.17 $273,212.10
108 { Rem Term {= 120 1,564 12.50 12.219 117.73 2.26 $16,499,715.99
120 { Rem Term {= 132 1 .01 12.490 130.00 2.00 $14,082.93
132 { Rem Term {= 144 88 .88 12.358 141.71 2.28 $1,163,502.51
144 { Rem Term {= 156 3 .03 12.322 150.87 3.04 $44,281.34
156 { Rem Term {= 168 3 .03 13.055 162.84 9.82 $45,298.99
168 { Rem Term {= 180 2,313 27.31 12.005 177.67 2.32 $36,028,279.21
180 { Rem Term {= 192 2 .03 13.586 190.75 1.25 $39,936.31
228 { Rem Term {= 240 2,089 33.64 12.154 237.72 2.27 $44,390,490.31
288 { Rem Term {= 300 986 20.07 11.166 297.92 2.08 $26,478,613.78
- -----------------------------------------------------------------------------------------
Total..... 8,075 100.00% 11.941 208.39 2.24 $131,945,460.38
=========================================================================================
<CAPTION>
LOAN AGE IN MONTHS (FIRST PAY THRU LAST PAY)
- ------------------------------------------------------------------------------------------
WA Total
# % Rem WA Current
Age of Loan Loan Pool WAC Term Age Balance
<S> <C> <C> <C> <C> <C> <C> <C>
0 { Age {= 12 8,074 99.99 11.941 208.39 2.24 $131,927,879.39
12 { Age {= 24 1 .01 14.990 161.00 19.00 $17,580.99
- ------------------------------------------------------------------------------------------
Total..... 8,075 100.00% 11.941 208.39 2.24 $131,945,460.38
==========================================================================================
<CAPTION>
ORIGINATION YEAR
- -----------------------------------------------------------------------------------------
WA Total
Year of # % Rem WA Current
Origination Loan Pool WAC Term Age Balance
<S> <C> <C> <C> <C> <C> <C>
1994 2 .02 13.665 180.56 7.18 $21,048.15
1995 30 .32 12.381 177.06 9.36 $425,439.30
1996 8,043 99.66 11.940 208.49 2.22 $131,498,972.93
- ------------------------------------------------------------------------------------------
Total..... 8,075 100.00% 11.941 208.39 2.24 $131,945,460.38
==========================================================================================
<CAPTION>
LAST PAYMENT DATE
- ------------------------------------------------------------------------------------------
Last WA Total
Pay # % Rem WA Current
Date Loan Pool WAC Term Age Balance
<C> <C> <C> <C> <C> <C> <C> <C>
09/01/96 8,057 99.89 11.941 208.45 2.25 $131,796,037.60
10/01/96 18 .11 12.734 151.78 .00 $149,422.78
- ------------------------------------------------------------------------------------------
Total..... 8,075 100.00% 11.941 208.39 2.24 $131,945,460.38
==========================================================================================
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH A DISCLAIMER,
PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED FINANCIAL ADVISOR IMMEDIATELY.
* {= Less than
</TABLE>
<PAGE>
<TABLE>
COMBINED LTV RANGE * LTV for 1st Liens
- ------------------------------------------------------------------------------------------
<CAPTION>
WA Total
LTV # % Rem WA Current
RANGE Loan Pool WAC Term Age Balance
<S> <C> <C> <C> <C> <C> <C> <C>
LTV = 0.000 ** 48 .66 11.829 237.29 2.33 $871,390.63
0.000 { LTV {=* 50.000 1,274 13.39 12.115 181.81 2.23 $17,664,220.18
50.000 { LTV {= 55.000 153 1.63 11.924 180.16 2.25 $2,153,174.64
55.000 { LTV {= 60.000 204 2.40 11.849 194.75 2.16 $3,170,849.42
60.000 { LTV {= 65.000 256 2.94 11.991 191.76 2.30 $3,885,682.93
65.000 { LTV {= 70.000 364 4.32 12.038 198.72 2.34 $5,706,318.29
70.000 { LTV {= 75.000 530 6.49 11.955 205.65 2.18 $8,561,567.05
75.000 { LTV {= 80.000 738 9.22 11.955 204.94 2.18 $12,161,046.25
80.000 { LTV {= 85.000 828 10.75 11.919 215.86 2.24 $14,189,731.52
85.000 { LTV {= 90.000 983 13.02 11.913 215.44 2.21 $17,183,451.74
90.000 { LTV {= 95.000 1,083 14.29 11.797 218.48 2.23 $18,851,709.49
95.000 { LTV {= 100.000 1,613 20.86 11.934 219.85 2.30 $27,527,818.24
100.000 { LTV {= 120.000 1 .01 15.250 237.00 3.00 $18,500.00
- ------------------------------------------------------------------------------------------
Total..... 8,075 100.00% 11.941 208.39 2.24 $131,945,460.38
==========================================================================================
* Unknown
** {= Less than
<CAPTION>
ORIGINAL MORTGAGE AMOUNT
- --------------------------------------------------------------------------------------------
WA Total
Original # % Rem WA Current
Mortgage Amt. Loan Pool WAC Term Age Balance
<S> <C> <C> <C> <C> <C> <C> <C>
Balance {=* 25,000 6,829 70.11 12.140 188.87 2.26 $92,500,670.64
25,000 { Balance {= 50,000 1,237 29.55 11.481 254.11 2.20 $38,992,748.80
50,000 { Balance {= 75,000 9 .34 11.126 257.79 2.17 $452,040.94
- --------------------------------------------------------------------------------------------
Total..... 8,075 100.00% 11.941 208.39 2.24 $131,945,460.38
============================================================================================
<CAPTION>
CURRENT MORTGAGE AMOUNT
- -------------------------------------------------------------------------------------------
WA Total
Current # % Rem WA Current
Mortgage Amt. Loan Pool WAC Term Age Balance
<S> <C> <C> <C> <C> <C> <C> <C>
Balance {= 25,000 6,839 70.26 12.137 188.90 2.27 $92,708,245.31
25,000 { Balance {= 50,000 1,228 29.40 11.484 254.36 2.19 $38,790,412.88
50,000 { Balance {= 75,000 8 .34 11.116 259.85 2.17 $446,802.19
- -------------------------------------------------------------------------------------------
Total..... 8,075100.00% 11.941 208.39 2.24 $131,945,460.38
===========================================================================================
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH A DISCLAIMER,
PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED FINANCIAL ADVISOR IMMEDIATELY.
* {= Less than
</TABLE>
<PAGE>
<TABLE>
GEOGRAPHIC DISTRIBUTION
------------------------------------------------------------
<CAPTION>
WA Total
# % Rem WA Current
State Loans Pool WAC Term Age Balance
<S> <C> <C> <C> <C> <C> <C>
AK 5 .04 11.715 190.37 1.76 $51,038
AR 189 1.92 10.956 184.36 2.31 $2,526,995
AZ 545 7.34 11.280 218.91 2.25 $9,689,537
CA 1,876 29.93 11.555 247.47 2.18 $39,486,488
CO 116 1.05 12.323 179.06 2.15 $1,391,608
CT 29 .31 12.854 169.48 1.98 $414,053
DC 4 .06 13.990 229.72 1.58 $75,832
DE 20 .18 12.798 168.05 1.92 $239,489
FL 410 4.94 12.020 201.69 2.28 $6,517,515
GA 351 4.09 12.454 181.21 2.41 $5,399,594
IA 41 .36 12.378 169.12 1.92 $477,280
ID 69 .78 11.843 205.71 2.22 $1,028,322
IL 456 5.33 12.649 191.74 1.93 $7,033,288
IN 62 .55 13.041 171.02 2.10 $724,177
KS 42 .37 12.665 156.03 1.77 $491,609
KY 10 .07 13.678 150.29 1.83 $96,523
LA 4 .03 11.890 98.69 2.40 $44,286
MA 14 .18 13.240 198.92 1.68 $231,947
MD 70 .67 13.149 173.03 2.03 $880,833
ME 7 .06 12.971 173.20 2.46 $85,728
MI 105 .90 13.162 166.85 2.00 $1,187,303
MN 80 .85 12.251 190.79 2.17 $1,118,610
MO 113 1.03 12.484 174.93 1.96 $1,353,767
MS 171 1.88 12.423 180.65 2.88 $2,486,022
MT 3 .03 12.290 181.67 2.77 $39,581
NC 89 .94 12.359 193.77 2.24 $1,237,099
NE 1 .00 13.990 83.00 1.00 $5,500
NH 4 .06 13.305 207.68 1.51 $76,829
NJ 340 4.21 12.719 185.55 2.29 $5,555,592
NM 55 .62 11.280 194.35 2.06 $820,676
NV 415 6.24 11.129 229.00 2.41 $8,236,510
NY 295 3.94 12.916 198.50 2.13 $5,194,716
OH 235 2.14 13.098 178.42 2.17 $2,824,799
OK 63 .43 11.830 128.69 1.94 $566,775
OR 75 .92 11.746 208.50 2.44 $1,209,346
PA 344 3.26 12.358 173.30 2.42 $4,307,436
RI 2 .03 13.401 218.90 1.25 $41,196
SC 52 .51 12.679 161.85 2.24 $677,501
SD 5 .04 12.906 140.57 1.96 $50,887
TN 192 1.86 12.461 176.77 2.23 $2,447,984
TX 741 7.76 11.655 163.64 2.56 $10,241,363
UT 61 .71 11.806 225.53 2.09 $936,359
VA 32 .22 12.508 120.07 2.08 $285,296
VT 2 .03 13.469 237.37 2.63 $42,817
WA 214 2.48 12.185 211.53 2.08 $3,266,474
WI 44 .45 12.445 190.06 2.19 $593,381
WV 16 .15 13.592 192.48 2.15 $202,324
WY 3 .02 12.146 109.68 2.92 $21,574
Unknown 1 .01 13.990 119.00 1.00 $10,500
Unknown 1 .01 12.490 119.00 1.00 $9,004
Unknown 1 .01 10.990 179.00 1.00 $12,094
- -------------------------------------------------------------
Total.. 8,075 100.00% 11.941 208.39 2.24 $131,945,460
=============================================================
<CAPTION>
PROPERTY-TYPE
- -----------------------------------------------------------------------------------------
WA Total
# % Rem WA Current
Loan Pool WAC Term Age Balance
<S> <C> <C> <C> <C> <C> <C>
Single-family 8,059 99.84 11.942 208.43 2.24 $131,740,009.98
Manufactured Housing 1 .01 11.990 175.00 5.00 $8,901.27
Co-op 15 .15 11.698 184.39 7.34 $196,549.13
- ------------------------------------------------------------------------------------------
Total..... 8,075 100.00% 11.941 208.39 2.24 $131,945,460.38
==========================================================================================
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH A DISCLAIMER,
PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED FINANCIAL ADVISOR IMMEDIATELY.
</TABLE>
<PAGE>
<TABLE>
OCCUPANCY
- -----------------------------------------------------------------------------------------
<CAPTION>
WA Total
# % Rem WA Current
Loan Pool WAC Term Age Balance
<S> <C> <C> <C> <C> <C> <C>
Owner Occ. 8,073 99.97 11.941 208.39 2.24 $131,908,535.22
Vacation/Second Home 2 .03 13.663 210.35 10.00 $36,925.16
- ------------------------------------------------------------------------------------------
Total..... 8,075 100.00% 11.941 208.39 2.24 $131,945,460.38
==========================================================================================
<CAPTION>
LOAN-PURPOSE
- -----------------------------------------------------------------------------------------
WA Total
# % Rem WA Current
Loan Pool WAC Term Age Balance
<S> <C> <C> <C> <C> <C> <C>
Purchase 1 .01 12.990 105.00 3.00 $7,920.81
Refinance/No ETO 8,071 99.97 11.941 208.41 2.24 $131,903,416.62
Other 3 .03 13.842 153.01 12.75 $34,122.95
- ------------------------------------------------------------------------------------------
Total..... 8,075 100.00% 11.941 208.39 2.24 $131,945,460.38
==========================================================================================
<CAPTION>
LIEN STATUS
- --------------------------------------------------------------------------------------------------
WA Total
# % Rem WA Current
Lien Status Loan Pool WAC Term Age Balance
<C> <C> <C> <C> <C> <C> <C>
1 120 1.46 13.397 204.88 1.63 $1,931,413.39
2 7,955 98.54 11.920 208.44 2.25 $130,014,046.99
- ----------------------------------------------------------------------------------------
Total..... 8,075 100.00% 11.941 208.39 2.24 $131,945,460.38
========================================================================================
<CAPTION>
LOAN FEATURE
- ----------------------------------------------------------------------------------------
WA Total
# % Rem WA Current
Loan Feature Loan Pool WAC Term Age Balance
<S> <C> <C> <C> <C> <C> <C>
CONVENTIONAL 6,644 84.69 11.686 211.34 2.27 $111,740,841.60
FHA - TITLE ONE 1,431 15.31 13.353 192.04 2.12 $20,204,618.78
- ----------------------------------------------------------------------------------------
Total..... 8,075 100.00% 11.941 208.39 2.24 $131,945,460.38
========================================================================================
<CAPTION>
LOAN RATING PROGRAM
- ------------------------------------------------------------------------------------
WA Total
# % Rem WA Current
Loan Grade Loan Pool WAC Term Age Balance
<S> <C> <C> <C> <C> <C> <C>
A 3,627 46.68 11.290 212.86 2.26 $61,588,199.86
B 1,296 14.81 12.745 203.95 2.33 $19,545,858.72
B+ 2,865 35.07 12.383 203.87 2.25 $46,273,077.29
B- 266 3.19 12.857 211.14 1.60 $4,210,709.95
C 21 .25 12.309 233.95 1.80 $327,614.56
- ------------------------------------------------------------------------------------
Total..... 8,075 100.00% 11.941 208.39 2.24 $131,945,460.38
====================================================================================
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH A DISCLAIMER,
PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED FINANCIAL ADVISOR IMMEDIATELY.
</TABLE>
<PAGE>
- --------------------------------------------------------------------------------
- MONEY STORE 1996-C
- Cut Off Date of Tape is 9/1/96
- MULTIFAMILY COLLATERAL
- $14,571,141.26
- --------------------------------------------------------------------------------
Number of Mortgage Loans: 53
Aggregate Unpaid Principal Balance: $14,571,141.26
Aggregate Original Principal Balance: $14,589,150.00
Weighted Average Net Coupon: 10.693%
Net Coupon Range: 9.630% - 13.450%
Weighted Average Gross Coupon: 11.193%
Gross Coupon Range: 10.130% - 13.950%
- --------------------------------------------------------------------------------
Average Unpaid Principal Balance: $274,927.19
Average Original Principal Balance: $275,266.98
Maximum Unpaid Principal Balance: $897,277.25
Minimum Unpaid Principal Balance: $49,637.01
Maximum Original Principal Balance: $900,250.00
Minimum Original Principal Balance: $50,000.00
Weighted Avg. Stated Rem. Term (LPD to Mat Date): 345.902
Stated Rem Term Range: 177.000 - 360.000
Weighted Average Age (First Pay thru Last Pay): 1.931
Age Range: 0.000 - 4.000
Weighted Average Original Term: 347.833
Original Term Range: 180.000 - 360.000
Weighted Average Original CLTV: 62.423
Original CLTV Range: 44.000% - 65.000%
- --------------------------------------------------------------------------------
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH A
DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED FINANCIAL
ADVISOR IMMEDIATELY.
<PAGE>
<TABLE>
GROSS COUPON
- -------------------------------------------------------------------------------------------------------------------
<CAPTION>
WA WA Max. Orig Total
Gross # % Rem WA Orig Loan Current
Coupon Loan Pool WAC Term Age LTV Amount Balance
<C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
10.00% { Gross Coupon {=*10.25% 4 8.66 10.186 340.06 2.17 63.41 $640,000 $1,261,534.91
10.25% { Gross Coupon {= 10.50% 7 12.44 10.348 331.93 3.57 61.78 $375,000 $1,812,933.83
10.50% { Gross Coupon {= 10.75% 3 11.48 10.615 328.32 1.55 60.65 $747,500 $1,672,866.30
10.75% { Gross Coupon {= 11.00% 6 8.61 10.914 339.84 2.49 62.25 $367,900 $1,254,443.79
11.00% { Gross Coupon {= 11.25% 5 12.50 11.096 357.96 2.04 63.94 $730,000 $1,821,000.00
11.25% { Gross Coupon {= 11.50% 3 2.67 11.350 261.11 1.54 59.95 $178,750 $389,282.18
11.50% { Gross Coupon {= 11.75% 9 25.11 11.631 358.81 1.19 62.96 $900,250 $3,659,481.25
11.75% { Gross Coupon {= 12.00% 10 10.28 11.869 358.81 1.19 61.03 $279,500 $1,497,570.40
12.00% { Gross Coupon {= 12.25% 2 3.44 12.196 358.62 1.38 63.85 $310,000 $501,228.60
12.25% { Gross Coupon {= 12.50% 2 3.51 12.500 356.32 3.68 64.68 $429,000 $510,800.00
12.75% { Gross Coupon {= 13.00% 1 .55 12.990 359.00 1.00 57.00 $80,000 $80,000.00
13.75% { Gross Coupon {= 14.00% 1 .75 13.950 359.00 1.00 62.48 $110,000 $110,000.00
- -------------------------------------------------------------------------------------------------------------------
Total..... 53 100.00% 11.193 345.90 1.93 62.42 $900,250 $14,571,141.26
===================================================================================================================
<CAPTION>
ORIGINAL MATURITY
- -------------------------------------------------------------------------------------------------------------------
WA WA Max. Orig Total
Original # % Rem WA Orig Loan Current
Maturity Loan Pool WAC Term Age LTV Amount Balance
<C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
170 { Original Maturity {= 180 7 6.76 10.686 178.05 1.95 61.08 $280,000 $984,934.04
350 { Original Maturity {= 360 46 93.24 11.229 358.07 1.93 62.52 $900,250 $13,586,207.22
- -------------------------------------------------------------------------------------------------------------------
Total..... 53 100.00% 11.193 345.90 1.93 62.42 $900,250 $14,571,141.26
===================================================================================================================
REMAINING TERM
- -------------------------------------------------------------------------------------------------------------------
<CAPTION>
WA WA Max. Orig Total
# % Rem WA Orig Loan Current
Remaining Term Loan Pool WAC Term Age LTV Amount Balance
<C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
168 { Rem Term {= 180 7 6.76 10.686 178.05 1.95 61.08 $280,000 $984,934.04
348 { Rem Term {= 360 46 93.24 11.229 358.07 1.93 62.52 $900,250 $13,586,207.22
- -------------------------------------------------------------------------------------------------------------------
Total..... 53 100.00% 11.193 345.90 1.93 62.42 $900,250 $14,571,141.26
===================================================================================================================
<CAPTION>
LOAN AGE IN MONTHS (FIRST PAY THRU LAST PAY)
- -------------------------------------------------------------------------------------------------------------------
WA WA Max. Orig Total
# % Rem WA Orig Loan Current
Age of Loan Loan Pool WAC Term Age LTV Amount Balance
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
0 { Age {= 12 53 100.00 11.193 345.90 1.93 62.42 $900,250 $14,571,141.26
- -------------------------------------------------------------------------------------------------------------------
Total..... 53 100.00% 11.193 345.90 1.93 62.42 $900,250 $14,571,141.26
===================================================================================================================
<CAPTION>
ORIGINATION YEAR
- ------------------------------------------------------------------------------------------------------------------
WA WA Max. Orig Total
Year of # % Rem WA Orig Loan Current
Origination Loan Pool WAC Term Age LTV Amount Balance
<S> <C> <C> <C> <C> <C> <C> <C> <C>
1996 53 100.00 11.193 345.90 1.93 62.42 $900,250 $14,571,141.26
- -------------------------------------------------------------------------------------------------------------------
Total..... 53 100.00% 11.193 345.90 1.93 62.42 $900,250 $14,571,141.26
===================================================================================================================
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH A DISCLAIMER,
PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED FINANCIAL ADVISOR IMMEDIATELY.
* {= Less than
</TABLE>
<PAGE>
<TABLE>
LAST PAYMENT DATE (SCHEDULED BALANCE DATE)
- -------------------------------------------------------------------------------------------------------------------
<CAPTION>
Last WA WA Max. Orig Total
Pay # % Rem WA Orig Loan Current
Date Loan Pool WAC Term Age LTV Amount Balance
<S> <C> <C> <C> <C> <C> <C> <C> <C>
09/01/96 53 100.00 11.193 345.90 1.93 62.42 $900,250 $14,571,141.26
- -------------------------------------------------------------------------------------------------------------------
Total..... 53 100.00% 11.193 345.90 1.93 62.42 $900,250 $14,571,141.26
===================================================================================================================
<CAPTION>
ORIGINAL CLTV RANGE
- -------------------------------------------------------------------------------------------------------------------
WA WA Max. Orig Total
CLTV # % Rem WA Orig Loan Current
RANGE Loan Pool WAC Term Age LTV Amount Balance
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
0.000 { CLTV {=* 50.000 3 2.04 11.332 301.65 1.71 48.11 $116,500 $297,478.80
50.000 { CLTV {= 55.000 5 9.33 10.689 341.06 2.45 53.60 $650,000 $1,359,108.68
55.000 { CLTV {= 60.000 7 9.38 11.492 357.73 2.27 57.55 $500,000 $1,366,447.83
60.000 { CLTV {= 65.000 38 79.25 11.213 346.21 1.84 64.41 $900,250 $11,548,105.95
- -------------------------------------------------------------------------------------------------------------------
Total..... 53 100.00% 11.193 345.90 1.93 62.42 $900,250 $14,571,141.26
===================================================================================================================
<CAPTION>
ORIGINAL MORTGAGE AMOUNT
- -------------------------------------------------------------------------------------------------------------------
WA WA Max. Orig Total
Original # % Rem WA Orig Loan Current
Mortgage Amt. Loan Pool WAC Term Age LTV Amount Balance
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
25,000 { Balance {= 50,000 1 .34 10.130 178.00 2.00 54.00 $50,000 $49,637.01
50,000 { Balance {= 75,000 1 .38 11.850 359.00 1.00 60.00 $55,250 $55,250.00
75,000 { Balance {= 100,000 5 2.87 11.574 285.61 1.78 53.26 $94,250 $417,740.74
100,000 { Balance {= 150,000 12 10.26 11.735 329.64 1.44 61.12 $146,250 $1,494,314.55
150,000 { Balance {= 203,150 8 9.70 11.282 358.09 1.91 64.03 $195,000 $1,414,105.51
203,150 { Balance {= 250,000 3 4.62 11.311 292.64 1.37 60.53 $247,000 $672,996.08
250,000 { Balance {= 300,000 6 11.56 10.907 327.61 2.48 64.53 $292,500 $1,684,492.81
300,000 { Balance {= 350,000 3 6.60 11.136 356.96 3.04 62.68 $338,000 $961,878.60
350,000 { Balance {= 400,000 4 9.96 10.997 357.97 2.03 62.16 $375,000 $1,450,575.35
400,000 { Balance {= 450,000 1 2.94 12.500 356.00 4.00 65.00 $429,000 $429,000.00
450,000 { Balance {= 500,000 2 6.86 10.890 358.50 1.50 60.50 $500,000 $1,000,000.00
500,000 { Balance {= 600,000 1 4.01 11.590 358.00 2.00 65.00 $585,000 $585,000.00
600,000 { Balance {= 750,000 5 23.74 10.834 358.23 1.77 62.37 $747,500 $3,458,873.36
750,000 { Balance {= 1,000,000 1 6.16 11.650 359.00 1.00 64.00 $900,250 $897,277.25
- -------------------------------------------------------------------------------------------------------------------
Total..... 53 100.00% 11.193 345.90 1.93 62.42 $900,250 $14,571,141.26
===================================================================================================================
<CAPTION>
CURRENT MORTGAGE AMOUNT
- -------------------------------------------------------------------------------------------------------------------
WA WA Max. Orig Total
Current # % Rem WA Orig Loan Current
Mortgage Amt. Loan Pool WAC Term Age LTV Amount Balance
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
25,000 { Balance {= 50,000 1 .34 10.130 178.00 2.00 54.00 $50,000 $49,637.01
50,000 { Balance {= 75,000 2 .89 10.860 254.25 2.15 56.55 $76,000 $130,160.43
75,000 { Balance {= 100,000 4 2.35 11.890 309.34 1.51 53.10 $94,250 $342,830.31
100,000 { Balance {= 150,000 12 10.26 11.735 329.64 1.44 61.12 $146,250 $1,494,314.55
150,000 { Balance {= 200,000 8 9.70 11.282 358.09 1.91 64.03 $195,000 $1,414,105.51
200,000 { Balance {= 250,000 3 4.62 11.311 292.64 1.37 60.53 $247,000 $672,996.08
250,000 { Balance {= 300,000 6 11.56 10.907 327.61 2.48 64.53 $292,500 $1,684,492.81
300,000 { Balance {= 350,000 3 6.60 11.136 356.96 3.04 62.68 $338,000 $961,878.60
350,000 { Balance {= 400,000 4 9.96 10.997 357.97 2.03 62.16 $375,000 $1,450,575.35
400,000 { Balance {= 450,000 1 2.94 12.500 356.00 4.00 65.00 $429,000 $429,000.00
450,000 { Balance {= 500,000 2 6.86 10.890 358.50 1.50 60.50 $500,000 $1,000,000.00
500,000 { Balance {= 600,000 1 4.01 11.590 358.00 2.00 65.00 $585,000 $585,000.00
600,000 { Balance {= 750,000 5 23.74 10.834 358.23 1.77 62.37 $747,500 $3,458,873.36
750,000 { Balance {= 1,000,000 1 6.16 11.650 359.00 1.00 64.00 $900,250 $897,277.25
- -------------------------------------------------------------------------------------------------------------------
Total..... 53 100.00% 11.193 345.90 1.93 62.42 $900,250 $14,571,141.26
===================================================================================================================
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH A DISCLAIMER,
PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED FINANCIAL ADVISOR IMMEDIATELY.
* {= Less than
</TABLE>
<PAGE>
<TABLE>
GEOGRAPHIC DISTRIBUTION
- -----------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
Calc.
WA WA WA Min. Curr Max. Curr Total Avg.
# % Rem WA MIN MAX Orig Curr Loan Loan Current Curr
State Loans Pool WAC Term Age AGE AGE LTV LTV Amount Amount Balance Bal
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
AZ 2 6.36 10.526 357.39 2.61 2.00 4.00 57.45 57.18 $280,800 $645,386 $926,186 $463,093
CA 10 16.25 11.443 358.79 1.21 .00 3.00 63.06 63.02 $113,750 $367,900 $2,367,529 $236,753
CT 3 5.09 11.008 289.38 2.65 1.00 4.00 62.07 62.07 $146,250 $315,250 $741,480 $247,160
FL 6 10.63 11.239 344.87 1.54 .00 4.00 64.36 64.32 $116,918 $699,000 $1,548,330 $258,055
GA 3 7.45 11.353 358.00 2.00 2.00 2.00 60.85 60.85 $292,500 $500,000 $1,085,000 $361,667
MA 3 1.64 11.028 264.10 2.31 2.00 3.00 58.80 58.48 $49,637 $115,000 $239,547 $79,849
MD 1 1.31 11.750 358.00 2.00 2.00 2.00 65.00 64.95 $190,306 $190,306 $190,306 $190,306
NJ 6 11.34 11.265 347.69 2.11 1.00 4.00 63.08 63.06 $93,614 $585,000 $1,652,364 $275,394
NY 8 8.89 11.882 340.52 2.36 1.00 4.00 61.20 61.13 $80,000 $429,000 $1,294,715 $161,839
OH 1 .38 11.850 359.00 1.00 1.00 1.00 60.00 60.00 $55,250 $55,250 $55,250 $55,250
PA 1 .75 13.950 359.00 1.00 1.00 1.00 62.48 62.48 $110,000 $110,000 $110,000 $110,000
RI 2 1.56 12.173 358.00 2.00 2.00 2.00 60.44 60.36 $81,800 $145,948 $227,748 $113,874
TX 7 28.36 10.775 347.26 1.99 1.00 4.00 63.28 63.17 $246,746 $897,277 $4,132,686 $590,384
- -----------------------------------------------------------------------------------------------------------------------------------
Total.. 53 100.00% 11.193 345.90 1.93 .00 4.00 62.42 62.35 $49,637 $897,277 $14,571,141 $274,927
===================================================================================================================================
<CAPTION>
OCCUPANCY
- ------------------------------------------------------------------------------------------------------------------
WA WA Max. Orig Total
# % Rem WA Orig Loan Current
Loan Pool WAC Term Age LTV Amount Balance
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Owner Occ. 5 8.51 11.101 350.01 2.78 63.06 $730,000 $1,239,315.09
Investor 48 91.49 11.201 345.52 1.85 62.36 $900,250 $13,331,826.17
- -------------------------------------------------------------------------------------------------------------------
Total..... 53 100.00% 11.193 345.90 1.93 62.42 $900,250 $14,571,141.26
===================================================================================================================
<CAPTION>
LOAN-PURPOSE
- ------------------------------------------------------------------------------------------------------------------
WA WA Max. Orig Total
# % Rem WA Orig Loan Current
Loan Pool WAC Term Age LTV Amount Balance
<S> <C> <C> <C> <C> <C> <C> <C>
Refinance/No ETO 53 100.00 11.193 345.90 1.93 62.42 $900,250 $14,571,141.26
- -------------------------------------------------------------------------------------------------------------------
Total..... 53 100.00% 11.193 345.90 1.93 62.42 $900,250 $14,571,141.26
===================================================================================================================
<CAPTION>
LIEN STATUS
- ------------------------------------------------------------------------------------------------------------------------
WA WA Max. Orig Total
# % Rem WA Orig Loan Current
Lien Status Loan Pool WAC Term Age LTV Amount Balance
<S> <C><C> <C> <C> <C> <C> <C> <C>
1 53 100.00 11.193 345.90 1.93 62.42 $900,250 $14,571,141.26
- -------------------------------------------------------------------------------------------------------------------
Total..... 53 100.00% 11.193 345.90 1.93 62.42 $900,250 $14,571,141.26
===================================================================================================================
<CAPTION>
LOAN GRADE
- --------------------------------------------------------------------------------------------------------------
WA WA Max. Orig Total
# % Rem WA Orig Loan Current
Loan Grade Loan Pool WAC Term Age LTV Amount Balance
<S> <C> <C> <C> <C> <C> <C> <C> <C>
A 37 65.54 11.136 341.85 1.79 62.12 $900,250 $9,549,975.70
B 2 2.03 11.350 287.43 1.40 65.00 $178,750 $295,667.73
B+ 14 32.43 11.296 357.76 2.24 62.87 $747,500 $4,725,497.83
- --------------------------------------------------------------------------------------------------------------
Total..... 53 100.00% 11.193 345.90 1.93 62.42 $900,250 $14,571,141.26
==============================================================================================================
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH A DISCLAIMER,
PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED FINANCIAL ADVISOR IMMEDIATELY.
</TABLE>
LEHMAN BROTHERS
DERIVED INFORMATION
$925,000,000 Certificates
The Money store Trust 1996-C
The Money Store, Inc. (Representative and Servicer)
This information does not constitute either an offer to sell or a
solicitation of an offer to buy any of the securities referred to herein. Offers
to sell and solicitations of offers to buy the securities are made only by, and
this information must be read in conjunction with, the final Prospectus
Supplement and the related Prospectus or, if not registered under the securities
laws, the final Offering Memorandum (the "Offering Document"). Information
contained herein does not purport to complete and is subject to the same
qualifications and assumptions, and should be considered by investors only in
the light of the same warnings, lack of assurances and representations and other
precautionary matters, as disclosed in the Offering Document. Information
regarding the underlying assets has been provided by the issuer of the
securities or an affiliate thereof and has not been independently verified by
Lehman Brothers Inc. or any affiliate. The analyses contained herein have been
prepared on the basis of certain assumptions (including, in certain cases,
assumptions specified by the recipient hereof) regarding payments, interest
rates, losses and other matters, including, but not limited to, the assumptions
described in the Offering Document. Lehman Brothers Inc., and any of its
affiliates, make no representation or warranty as to the actual rate or timing
of payments on any of the underlying assets or the payments or yield on the
securities. This information supersedes any prior versions hereof and will be
deemed to be superseded by any subsequent versions (including, with respect to
any description of the securities or underlying assets, the information
contained in the Offering Document).
LEHMAN BROTHERS
SECURITIES OFERED:
<TABLE>
<CAPTION>
Fixed Rate HEL - to Maturity:
Approx. Estimated Estimated Expected Stated Expected
Approx. Group Expected WAL/MDUR Principal Final Final Ratings
Securities Size No. Benchmark Price (yrs) Pmt. Window Maturity Maturity Moody's/S&P
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Class A-1 (1) $119,933,000 I Curve 100.000% 0.90/0.84 22 months 7/15/98 8/15/08 Aaa/AAA
Class A-2 (1) $ 27,566,000 I 2 Yr Tsy 100.000% 2.00/1.81 6 months 12/15/98 1/15/10 Aaa/AAA
Class A-3 (1) $ 73,943,000 I 3 Yr Tsy 100.000% 3.10/2.68 24 months 11/15/00 3/15/17 Aaa/AAA
Class A-4 (1) $ 50,983,000 I 5 Year Tsy 100.000% 5.00/4.03 22 months 8/15/02 9/15/21 Aaa/AAA
Class A-5 (1) $111,625,000 I 1 mo LIBOR 100.000% 1.95/1.78 57 months 6/15/01 2/15/19 Aaa/AAA
Class A-6 (1) $ 49,685,000 I Curve 100.000% 7.00/5.21 32 months 3/15/05 6/15/24 Aaa/AAA
Class A-7 (1) $ 41,265,000 I 10 Yr Tsy 100.000% 11.01/7.03 103 months 9/15/13 1/15/28 Aaa/AAA
</TABLE>
<TABLE>
<CAPTION>
ARM - to Maturity:
Approx. Estimated Estimated Expected Stated Expected
Approx. Group Expected WAL Principal Final Final Ratings
Securities Size No. Benchmark Price (yrs) Pmt. Window Maturity Maturity Moody's/S&P
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Class A-8 (2) $215,000,000 II 1 mo LIBOR 100.000% 2.10/1.91 64 months 1/15/02 7/15/24 Aaa/AAA
Class A-9 (2) $ 60,000,000 II 1 mo LIBOR 100.000% 8.42/6.48 151 months 7/15/14 1/15/28 Aaa/AAA
Home Improvement - to Maturity:
Approx. Estimated Estimated Expected Stated Expected
Approx. Group Expected WAL/MDUR Principal Final Final Ratings
Securities Size No. Benchmark Price (yrs) Pmt. Window Maturity Maturity Moody's/S&P\
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Class A-10(3) $ 63,091,000 III 1 mo LIBOR 100.000% 1.00/0.95 25 months 10/15/98 10/15/06 Aaa/AAA
Class A-11(3) $ 35,637,000 III 3 Yr Tsy 100.000% 3.00/2.61 26 months 11/15/00 7/15/10 Aaa/AAA
Class A-12(3) $ 17,272,000 III 5 Yr Tsy 100.000% 5.00/4.05 23 months 9/15/02 6/15/13 Aaa/AAA
Class A-13(3) $ 15,073,000 III Curve 100.000% 7.00/5.25 28 months 12/15/04 8/15/15 Aaa/AAA
Class A-14(3) $ 18,927,000 III 10 Yr Tsy 100.000% 11.26/7.16 123 months 2/15/15 1/15/23 Aaa/AAA
Multifamily Loans - to Maturity:
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Class A-15(4) $ 25,000,000 IV Curve 100.000% 6.75/4.38 327 months 12/15/23 10/15/27 Aaa/AAA
(1) Prepayments are 2.3% CPR in month one increasing by 2.3% CPR each month to 23%
by month 10, remaining at 23% CPR subsequent to month 10.
(2) Prepayments are 2.5% CPR in month one increasing by 2.5% CPR each month to 25% CPR
by month 10, remaining at 25% CPR subsequent to month 10.
(3) Prepayments are 1.7% CPR in month one increasing by 1.7% CPR each month to 17% CPR
by month 10, remaining at 17% CPR subsequent to month 10.
(4) Prepayments equal 2% CPR from months 1 through 48 and a constant 10% beginning
on the 49th month.
</TABLE>
<TABLE>
<CAPTION>
Fixed Rate HEL - to 10% Call:
Approx. Extimated Estimated Expected Stated Expected
Approx. Group Expected WAL/MDUR Principal Final Final Ratings
Securities Size. No. Benchmark Price (yrs) Pmt. Window Maturity Maturity Moody's/S&P
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Class A-7(1) $ 41,265,000 I 10 Yr Tsy 100.000% 8.86/6.14 6 months 8/15/05 1/15/28 Aaa/AAA
ARM - to 10% Call:
Approx. Estimated Estimated Expected Stated Expected
Approx Group Expected WAL Principal Final Final Ratings
Securites Size No. Benchmark Price (yrs) Pmt. Window Maturity Maturity Moody's/S&P
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Class A-9(2) $ 60,000,000 II 1 mo LIBOR 100.000% 7.50/6.00 44 months 8/15/05 1/15/28 Aaa/AAA
Multifamily Loans - to 10% Call:
Approx. Estimated Estimated Expected Stated Expected
Approx. Group Expected WAL/MDUR Principal Final Final Ratings
Securities Size No. Benchmark Price (yrs) Pmt. Window Maturity Maturity Moody's/S&P
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Class A-15(4) $ 25,000,000 IV Curve 100.000% 5.13/3.83 107 months 8/15/05 10/15/27 Aaa/AAA
(1) Prepayments are 2.3% CPRin month one increasing by 2.3% CPR each month to 23%
CPR by month 10, remaining at 23% CPR subsequent to month 10.
(2) Prepayments are 2.5% CPR in month one increasing by 2.5%CPR each month to 25%
CPR by month 10, remaining at 25% CPR subsequent to month 10.
(3) Prepayments are 1.7% CPR in month one increasing by 1.7% CPR each month to 17%
CPR by month 10, remaining at 17% CPR subsequent to month 10.
(4) Prepayments equal 2% CPR from months 1 through 48 and a constant 10% CPR beginning
on the 49th month.
</TABLE>
<PAGE>
PROJECTED PERFORMANCE
Under Varying Prepayment Assumptions
<TABLE>
<CAPTION>
GROUP I LOANS
TO MATURITY
<S> <C> <C> <C> <C> <C> <C>
% of Prepayment assumption 50.0% 75.0% 100.0% 125.0% 150.0% 200.0%
Implied Seasoned CPR 11.5% 17.3% 23.0% 28.8% 34.5% 46.0%
Class A-1
Avg Life (yrs) 1.51 1.12 0.90 0.77 0.67 0.55
Mod Duration (yrs) 1.37 1.03 0.84 0.72 0.63 0.52
Window (begin-end)(mths) 1-39 1-28 1-22 1-18 1-15 1-12
Expected Final Maturity 12/15/99 1/15/99 7/15/98 3/15/98 12/15/97 9/15/97
Yield at 100.000% 6.68 6.62 6.56 6.51 6.46 6.37
Class A-2
Avg Life (yrs) 3.65 2.58 2.00 1.63 1.38 1.06
Mod Duration (yrs) 3.13 2.29 1.81 1.49 1.28 0.99
Window (begin-end)(mths) 39-50 28-35 22-27 18-22 15-19 12-14
Expected Final Maturity 11/15/90 8/15/99 12/15/98 7/15/98 4/15/98 11/15/97
Yield at 100.000% 6.89 6.86 6.83 6.80 6.77 6.70
Class A-3
Avg. Life (yrs) 5.72 4.05 3.10 2.50 2.08 1.54
Mod Duration (yrs) 4.52 3.39 2.68 2.21 1.86 1.41
Window (begin-end)mths) 50-92 35-65 27-50 22-40 19-33 14-24
Expected Final Maturity 5/15/04 2/15/02 11/15/00 1/15/00 6/15/99 9/15/98
Yield at 100.000% 7.12 7.10 7.08 7.06 7.03 6.99
Class A-4
Avg. Lif (yrs) 9.04 6.53 5.00 4.00 3.31 2.36
Mod Duration (yrs) 6.35 4.99 4.03 3.34 2.83 2.09
Window (begin-end)(mths) 92-125 65-92 50-71 40-57 33-47 24-34
Expected Final Maturity 2/15/07 5/15/04 8/15/02 6/15/01 8/15/00 7/15/99
Yield @ 100.000% 7.50 7.48 7.47 7.46 7.44 7.40
Class A-5
Avg. Lif (yrs) 3.51 2.51 1.95 1.59 1.34 1.02
Mod Duration (yrs) 3.01 2.24 1.78 1.48 1.26 0.97
Window (begin-end)(mths) 1-104 1-75 1-57 1-46 1-38 1-27
Expected Final Maturity 5/15/05 2/15/02 6/15/01 7/15/00 11/15/99 12/15/98
Yield @ 100.000% 5.74 5.74 5.74 5.74 5.74 5.74
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
GROUP I LOANS
TO MATURITY
<S> <C> <C> <C> <C> <C> <C>
% of Prepayment Assumption 50.0% 75.0% 100.0% 125.0% 150.0% 200.0%
Implied Seasoned CPR 11.5% 17.3% 23.0% 28.8% 34.5% 46.0%
Class A-6
Avg. Life (yrs) 12.06 9.05 7.00 5.61 4.63 3.33
Mod Duration (yrs) 7.57 6.27 5.21 4.39 3.75 2.83
Window (begin-end)(mths) 125-170 92-130 71-102 57-82 47-68 34-49
Expected Final Maturity 11/15/10 7/15/07 3/15/05 7/15/03 5/15/02 10/15/00
Yield @ 100.000% 7.79 7.78 7.77 7.76 7.75 7.72
Class A-7
Avg. Life (yrs) 18.15 13.83 11.01 8.97 7.44 5.34
Mod Duration (yrs) 9.21 8.04 7.03 6.14 5.38 4.17
Window (begin-end)(mths) 170-322 130-260 102-204 82-168 68-141 49-103
Expected Final Maturity 7/15/23 5/15/18 9/15/13 9/15/10 6/15/08 4/15/05
Yield @ 100.000% 8.00 7.99 7.99 7.98 7.97 7.96
TO 10% CLEANUP CALL
% of Prepayment Assumption 50.0% 75.0% 100.0% 125.0% 150.0% 200.0%
Implied Seasoned CPR 11.5% 17.3% 23.0% 28.8% 34.5% 46.0%
Class A-7
Avg. Life (yrs) 14.68 11.27 8.86 7.19 5.94 4.35
Mod Duration (yrs) 8.38 7.20 6.14 5.28 4.57 3.54
Window (begin-end)(mths) 170-177 130-136 102-107 82-87 68-72 49-53
Expected Final Maturity 6/15/11 1/15/08 8/15/05 12/15/03 9/15/02 2/15/01
Yield @ 100.000% 8.00 7.99 7.98 7.97 7.96 7.95
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
GROUP II LOANS
TO MATURITY
<S> <C> <C> <C> <C> <C> <C>
% of Prepayment Assumption 50.0% 75.0% 100.0% 125.0% 150.0% 200.0%
Implied Seasoned CPR 12.5% 18.8% 25.0% 31.3% 37.5% 50.0%
Class A-8
Avg. Life (yrs) 4.08 2.78 2.10 1.69 1.41 1.05
Mod Duration (yrs) 3.42 2.45 1.91 1.56 1.32 1.00
Window (begin-end)(mths) 1-128 1-86 1-64 1-50 1-41 1-28
Expected Final Maturity 5/15/07 11/15/03 1/15/02 11/15/00 2/15/00 1/15/99
Yield @ 100.000% 5.73 5.73 5.73 5.73 5.73 5.73
Class A-9
Avg. Life (yrs) 16.23 11.31 8.42 6.59 5.35 3.75
Mod Duration (yrs) 10.24 8.05 6.48 5.34 4.49 3.31
Window (begin-end)(mths) 128-336 86-277 64-214 50-169 41-137 28-95
Expected Final Maturity 9/15/24 10/15/19 7/15/14 10/15/10 2/15/08 8/15/04
Yield @ 100.000% 5.51 5.51 5.51 5.51 5.51 5.51
TO 10% CLEANUP CALL
% of Prepayment Assumption 50.0% 75.0% 100.0% 125.0% 150.0% 200.0%
Implied Seasoned CPR 12.5% 18.8% 25.0% 31.3% 37.5% 50.0%
Class A-9
Avg. Life (yrs) 13.68 9.87 7.50 5.96 4.87 3.48
Mod Duration (yrs) 9.35 7.42 6.00 4.97 4.18 3.11
Window (begin-end)(mths) 128-177 86-136 64-107 50-87 41-72 28-53
Expected Final Maturity 6/15/11 1/15/08 8/15/05 12/15/03 9/15/02 2/15/01
Yield @ 100.000% 5.51 5.51 5.51 5.51 5.51 5.51
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
GROUP III LOANS
TO MATURITY
<S> <C> <C> <C> <C> <C> <C>
% of Prepayment Assumption 50% 75.0% 100.0% 125.0% 150.0% 200.0%
Implied Seasoned CPR 8.5% 12.8% 17.0% 21.3% 25.5% 34.0%
Class A-10
Avg. Life (yrs) 1.55 1.20 1.00 0.87 0.78 0.66
Mod Duration (yrs) 1.44 1.13 0.95 0.84 0.75 0.64
Window (begin-end(mths) 1 - 43 1 - 32 1 - 25 1 - 21 1 - 18 1 - 15
Expected Final Maturity 4/15/00 5/15/99 10/15/98 6/15/98 3/15/98 12/15/97
Yield @ 100.000% 5.62 5.62 5.62 5.62 5.62 5.62
Class A-11
Avg. Life (yrs) 5.09 3.80 3.00 2.46 2.08 1.59
Mod Duration (yrs) 4.13 3.22 2.61 2.18 1.87 1.46
Window (begin-end)(mths) 43 - 84 32 - 64 25 - 50 21 - 41 18 - 35 15 - 26
Expected Final Maturity 9/15/03 1/15/02 11/15/00 2/15/00 8/15/99 11/15/98
Yield @ 100.00% 6.99 6.97 6.95 6.93 6.91 6.87
Class A-12
Avg. Life (yrs) 8.10 6.27 5.00 4.11 3.46 2.54
Mod Duration (yrs) 5.91 4.86 4.05 3.43 2.95 2.24
Window (begin-end)(mths) 84 - 112 64 - 89 50 - 72 41 - 59 35 - 50 26 - 37
Expected Final Maturity 1/15/06 2/15/04 9/15/02 8/15/01 11/15/00 10/15/99
Yield @ 100.00% 7.31 7.30 7.29 7.28 7.27 7.24
Class A-13
Avg. Life (yrs) 10.55 8.58 7.00 5.81 4.90 3.67
Mod Duration (yrs) 7.04 6.11 5.25 4.54 3.96 3.09
Window (begin-end)(mths) 112 - 142 89 - 120 72 - 99 59 - 83 50 - 71 37 - 53
Expected Final Maturity 7/15/08 9/15/06 12/15/04 8/15/03 8/15/02 2/15/01
Yield @ 100.00% 7.55 7.55 7.54 7.53 7.52 7.50
Class A-14
Avg. Life (yrs) 15.55 13.20 11.26 9.65 8.32 6.35
Mod Duration (yrs) 8.64 7.88 7.16 6.47 5.84 4.78
Window (begin-end)(mths) 142 - 274 120 - 242 99 - 221 83 - 198 71 - 173 53 - 136
Expected Final Maturity 7/15/19 11/15/16 2/15/15 3/15/13 2/15/11 1/15/08
Yield @ 100.00% 7.84 7.84 7.83 7.83 7.83 7.81
</TABLE>
<PAGE>
PROJECTED PERFORMANCE
Under Varying Prepayment Assumptions
<TABLE>
<CAPTION>
GROUP III LOANS
TO 10% CLEAN-UP CALL
<S> <C> <C> <C> <C> <C> <C>
% of Prepayment Assumption 50.0% 75.0% 100.0% 125.0% 150.0% 200.0%
Implied Seasoned CPR 8.5% 12.8% 17.0% 21.3% 25.5% 34.0%
Class A-14
Avg. Life (yrs) 13.95 11.08 8.83 7.2 5.96 4.38
Mod Duration (yrs) 8.22 7.17 6.17 5.32 4.6 3.58
Window (begin-end)(mths) 142 - 177 120 - 136 99 - 107 83 - 87 71 - 72 53 - 53
Expected Final Maturity 6/15/11 1/15/08 8/15/05 12/15/03 9/15/02 2/15/01
Yield @ 100.000% 7.84 7.83 7.83 7.82 7.81 7.79
GROUP IV LOANS
TO MATURITY
% of Prepayment Assumption 50.0% 75.0% 100.0% 125.0% 150.0% 200.0%
Implied Seasoned CPR 5.0% 7.5% 10.0% 12.5% 15.0% 20.0%
Class A-15
Avg. Life (yrs) 9.04 7.71 6.75 6.04 5.49 4.71
Mod Duration (yrs) 5.29 4.77 4.38 4.08 3.83 3.46
Window (begin-end) 1 - 332 1 - 330 1 - 327 1 - 321 1 - 311 1 - 277
Expected Final Maturity 5/15/24 3/15/24 12/15/23 6/15/23 8/15/22 10/15/19
Yield @ 100.000% 7.82 7.81 7.81 7.80 7.80 7.79
TO 10% CLEANUP CALL
% of Prepayment Assumption 50.0% 75.0% 100.0% 125.0% 150.0% 200.0%
Implied Seasoned CPR 5.0% 7.5% 10.0% 12.5% 15.0% 20.0%
Class A-15
Avg. Life (yrs) 7.64 6.13 5.13 4.44 3.90 3.12
Mod Duration (yrs) 4.96 4.32 3.83 3.44 3.12 2.60
Window (begin-end) 1 - 177 1 - 136 1 - 107 1 - 87 1 - 72 1 - 53
Expected Final Maturity 6/15/11 1/15/08 8/15/05 12/15/03 9/15/02 2/15/01
Yield @ 100.000% 7.82 7.81 7.80 7.79 7.78 7.76
</TABLE>
