<PAGE>
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
_______________________
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): April 27, 1999
GREEN TREE FINANCIAL CORPORATION
as originator of
Home Equity Loan Trust 1999-A
-----------------------------
(Exact name of registrant as specified in its charter)
Delaware 333-63305 41-1859796
- --------------------------------------------------------------------------------
(State or other jurisdiction (Commission (IRS employer
of incorporation) file number) identification No.)
1100 Landmark Towers, 345 St. Peter Street, Saint Paul, Minnesota 55102-1639
-----------------------------------------------------------------------------
(Address of principal executive offices)
Registrant's telephone number, including area code: (651) 293-3400
------------------------
Not Applicable
-----------------------------------------------------------------------------
(Former name or former address, if changed since last report)
<PAGE>
Item 1. Changes in Control of Registrant.
--------------------------------
Not applicable.
Item 2. Acquisition or Disposition of Assets.
------------------------------------
Not applicable.
Item 3. Bankruptcy or Receivership.
-------------------------
Not applicable.
Item 4. Changes in Registrant's Certifying Accountant.
----------------------------------------------
Not applicable.
Item 5. Other Events.
------------
On April 27,1999, the Registrant sold approximately $1,972,000 of
Certificates for Home Equity Loans, Series 1999-A (the
"Certificates"), evidencing beneficial ownership interests in Home
Equity Loan Trust 1999-A (the "Trust"). The Trust property consists
primarily of a pool which is comprised of closed-end home equity
loans (the "Home Equity Loans"), including the right to receive
payments due on the Contracts on and after the applicable Cut-off
Date as described in the Pooling and Servicing Agreement dated as of
February 1, 1999. Capitalized terms used herein and not defined have
the meaning assigned in the Pooling and Servicing Agreement.
Item 6. Resignations of Registrant's Directors.
--------------------------------------
Not applicable.
Item 7. Financial Statements and Exhibits.
---------------------------------
(a) Financial statements of businesses acquired.
Not applicable.
(b) Pro forma financial information.
Not applicable.
-2-
<PAGE>
(c) Exhibits.
The following is filed herewith. The exhibit numbers correspond
with Item 601(b) of Regulation S-K.
Exhibit No. Description
----------- -----------
99 On April 27, 1999 the Registrant sold approximately
$1,972,000 of closed-end home equity loans (the
"Home Equity Loans") to Home Equity Loan Trust
1999-A (the "Trust"), pursuant to the pre-funding
provisions of the Pooling and Servicing Agreement
dated as of February 1, 1999 filed herewith as
Exhibit 99 are tables providing information with
respect to the Initial and Subsequent Contracts in
the aggregate, similar to the information provided
with respect to the Initial Contracts in the
Prospectus dated February 23, 1999. Capitalized
terms used herein and not defined have the meaning
assigned in the Pooling and Servicing Agreement.
-3-
<PAGE>
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this Report to be signed on its behalf by the
undersigned hereunto duly authorized.
GREEN TREE FINANCIAL CORPORATION
as originator of Home Improvement
and Home Equity Loan Trust 1999-A
By: /s/ Joel H. Gottesman
---------------------------------------
Joel H. Gottesman
Senior Vice President, General Counsel
and Secretary
-4-
<PAGE>
INDEX TO EXHIBITS
Exhibit Number Page
- -------------- ----
Filed Electronically
99 On April 27, the Registrant sold approximately
$1,972,000 of closed-end home equity loans
(the "Home Equity Loans") to Home Equity Loan Trust
1999-A (the "Trust"), pursuant to the pre-funding
provisions of the Pooling and Servicing Agreement
dated as of February 1, 1999 filed herewith as
Exhibit 99 are tables providing information with
respect to the Initial and Subsequent Contracts in
the aggregate, similar to the information provided
with respect to the Initial Contracts in the
Prospectus dated February 23, 1999. Capitalized
terms used herein and not defined have the meaning
assigned in the Pooling and Servicing Agreement.
-5-
<PAGE>
Exhibit 99
AGGREGATE INITIAL AND SUBSEQUENT FIXED-RATE LOANS
Set forth below is a description of certain additional characteristics of the
Initial and Subsequent Fixed-Rate Loans. Percentages in these tables may not add
up to 100.00% due to rounding.
Geographical Distribution of Mortgaged Properties--Initial and Subsequent
Fixed-Rate Loans
<TABLE>
<CAPTION>
% of Aggregate % of Aggregate
Fixed-Rate Loans Fixed-Rate Loans
Number of by Number of Aggregate Principal by Outstanding
Loans as of Loans as Balance Outstanding Principal Balance
State Cut-off Date of Cut-off Date as of Cut-off Date as of Cut-off Date
- ----- ------------ ----------------- ------------------- ------------------
<S> <C> <C> <C> <C>
Alabama................. 498 3.37% $ 25,463,549.59 2.83%
Arizona................. 312 2.11 17,394,095.67 1.93
Arkansas................ 135 0.91 8,199,539.40 0.91
California.............. 1,007 6.81 84,942,447.69 9.45
Colorado................ 363 2.45 22,334,867.26 2.48
Connecticut............. 131 0.89 10,604,348.53 1.18
Delaware................ 55 0.37 4,068,031.16 0.45
District of Columbia.... 15 0.10 1,107,849.94 0.12
Florida................. 632 4.27 34,370,855.10 3.82
Georgia................. 504 3.41 30,980,859.66 3.44
Idaho................... 52 0.35 2,385,099.43 0.27
Illinois................ 683 4.62 42,755,953.14 4.75
Indiana................. 496 3.35 25,281,323.01 2.81
Iowa.................... 300 2.03 16,694,302.64 1.85
Kansas.................. 252 1.70 13,052,619.14 1.45
Kentucky................ 294 1.99 15,837,547.98 1.76
Louisiana............... 392 2.65 21,211,358.99 2.36
Maine................... 14 0.09 746,339.13 0.08
Maryland................ 299 2.02 17,229,800.30 1.91
Massachusetts........... 159 1.07 12,469,206.95 1.39
Michigan................ 720 4.87 48,106,980.23 5.35
Minnesota............... 248 1.68 15,823,909.80 1.76
Mississippi............. 173 1.17 8,749,727.27 0.97
Missouri................ 373 2.52 21,418,455.65 2.38
Montana................. 49 0.33 3,175,410.93 0.35
Nebraska................ 96 0.65 5,731,380.79 0.64
Nevada.................. 143 0.97 9,114,809.19 1.01
New Hampshire........... 19 0.13 901,223.36 0.10
New Jersey.............. 238 1.61 16,638,032.91 1.85
New Mexico.............. 88 0.59 5,743,343.67 0.64
New York................ 508 3.43 36,183,810.15 4.02
North Carolina.......... 806 5.45 49,776,759.06 5.53
North Dakota............ 33 0.22 1,832,687.58 0.20
Ohio.................... 1,047 7.07 57,429,888.91 6.38
Oklahoma................ 120 0.81 6,251,318.85 0.69
Oregon.................. 140 0.95 8,209,490.90 0.91
Pennsylvania............ 630 4.26 36,615,467.09 4.07
Rhode Island............ 48 0.32 2,946,807.40 0.33
South Carolina.......... 390 2.64 23,053,621.13 2.56
South Dakota............ 38 0.26 2,114,744.30 0.23
Tennessee............... 386 2.61 21,475,029.56 2.39
Texas................... 627 4.24 28,695,991.02 3.19
Utah.................... 133 0.90 6,743,478.63 0.75
Vermont................. 8 0.05 369,311.87 0.04
Virginia................ 371 2.51 26,296,021.27 2.92
Washington.............. 299 2.02 19,975,366.55 2.22
West Virginia........... 92 0.62 5,359,699.11 0.60
Wisconsin............... 309 2.09 20,153,094.74 2.24
Wyoming................. 69 0.47 3,983,908.55 0.44
------ ------ --------------- ------
Total............... 14,794 100.00% $899,999,765.18 100.00%
====== ====== =============== ======
</TABLE>
1
<PAGE>
Years of Origination--Aggregate Initial and Subsequent Fixed-Rate Loans
<TABLE>
<CAPTION>
% of Aggregate Fixed-
Rate Loans by
Aggregate Principal Outstanding Principal
Number of Loans Balance Outstanding Balance as of
Year of Origination as of Cut-off Date as of Cut-off Date Cut-off Date
- ------------------- ------------------ ------------------- ---------------------
<S> <C> <C> <C>
1977.................... 1 $ 12,497.04 *%
1995.................... 12 324,681.80 0.04
1996.................... 272 6,952,495.84 0.77
1997.................... 115 5,329,924.70 0.59
1998.................... 6,722 391,943,463.62 43.55
1999.................... 7,672 495,436,702.18 55.05
------ --------------- ------
Total............... 14,794 $899,999,765.18 100.00%
====== =============== ======
</TABLE>
- ----------------
* Indicates an amount greater than zero but less than 0.005% of the aggregate
principal balance of the aggregate Fixed-Rate Loans.
Distribution of Original Loan Amounts--Aggregate Initial and Subsequent
Fixed-Rate Loans
<TABLE>
<CAPTION>
% of Aggregate
Fixed-Rate Loans by
Aggregate Principal Outstanding Principal
Number of Loans Balance Outstanding Balance as of
Original Loan Amount as of Cut-off Date as of Cut-off Date Cut-off Date
-------------------- ------------------ ------------------- ---------------------
<S> <C> <C> <C>
Less than $10,000.00.... 47 $ 363,136.49 0.04%
$ 10,000.00 to
$ 19,999.99............ 2,152 31,559,939.14 3.51
$ 20,000.00 to
$ 29,999.99............ 2,102 50,873,324.05 5.65
$ 30,000.00 to
$ 39,999.99............ 1,625 55,762,081.80 6.20
$ 40,000.00 to
$ 49,999.99............ 1,477 65,648,390.38 7.29
$ 50,000.00 to
$ 59,999.99............ 1,349 73,533,469.75 8.17
$ 60,000.00 to
$ 69,999.99............ 1,261 81,343,127.16 9.04
$ 70,000.00 to
$ 79,999.99............ 1,096 81,631,944.76 9.07
$ 80,000.00 to
$ 89,999.99............ 743 62,426,627.13 6.94
$ 90,000.00 to
$ 99,999.99............ 577 54,535,874.92 6.06
$100,000.00 to
$109,999.99............ 493 51,597,443.88 5.73
$110,000.00 to
$119,999.99............ 355 40,763,800.53 4.53
$120,000.00 to
$129,999.99............ 302 37,593,122.69 4.18
$130,000.00 to
$139,999.99............ 257 34,522,024.91 3.84
$140,000.00 to
$149,999.99............ 189 27,353,820.34 3.04
$150,000.00 to
$159,999.99............ 170 26,115,095.74 2.90
$160,000.00 to
$169,999.99............ 116 19,088,359.95 2.12
$170,000.00 to
$179,999.99............ 78 13,587,138.00 1.51
$180,000.00 to
$189,999.99............ 84 15,419,451.52 1.71
$190,000.00 to
$199,999.99............ 57 11,054,468.72 1.23
$200,000.00 to
$209,999.99............ 54 11,038,533.89 1.23
$210,000.00 to
$219,999.99............ 40 8,596,555.25 0.96
Greater than
$219,999.99............ 170 45,592,034.18 5.07
------ --------------- ------
Total............... 14,794 $899,999,765.18 100.00%
====== =============== ======
</TABLE>
2
<PAGE>
Loan Rates--Aggregate Initial and Subsequent Fixed-Rate Loans
<TABLE>
<CAPTION>
% of Aggregate
Fixed-Rate
Loans by
Aggregate Principal Outstanding Principal
Number of Loans Balance Outstanding Balance as of
Loan Rate as of Cut-off Date as of Cut-off Date Cut-off Date
- --------- ------------------ ------------------- ---------------------
<S> <C> <C> <C>
Less than 9.01%......... 566 $ 59,206,393.93 6.58%
9.01 to 10.00%......... 1,625 160,279,752.60 17.81
10.01 to 11.00%......... 3,297 274,437,171.17 30.50
11.01 to 12.00%......... 2,639 164,196,017.38 18.24
12.01 to 13.00%......... 2,600 110,165,755.46 12.24
13.01 to 14.00%......... 2,653 87,152,828.54 9.68
14.01 to 15.00%......... 924 29,059,046.07 3.23
15.01 to 16.00%......... 276 8,986,584.48 1.00
16.01 to 17.00%......... 144 4,432,547.82 0.49
Greater than 17.00%..... 70 2,083,667.73 0.23
------ --------------- ------
Total............... 14,794 $899,999,765.18 100.00%
====== =============== ======
</TABLE>
Remaining Months to Maturity--Aggregate Initial and Subsequent Fixed-Rate Loans
<TABLE>
<CAPTION>
% of Aggregate
Fixed-Rate
Loans by
Months Remaining to Aggregate Principal Outstanding Principal
Scheduled Maturity Number of Loans Balance Outstanding Balance as of
As of Cut-off Date as of Cut-off Date as of Cut-off Date Cut-off Date
------------------- ------------------ ------------------- ---------------------
<S> <C> <C> <C>
Less than 31............ 2 $ 17,547.83 * %
31 to 60.............. 149 3,046,095.19 0.34
61 to 90.............. 145 3,858,863.42 0.43
91 to 120.............. 927 27,781,360.33 3.09
121 to 150.............. 136 4,466,414.60 0.50
151 to 180.............. 5,007 252,788,582.42 28.09
181 to 210.............. 36 1,895,861.22 0.21
211 to 240.............. 4,291 260,188,369.01 28.90
241 to 270.............. 9 696,261.10 0.08
271 to 300.............. 1,685 119,893,144.94 13.32
301 to 330.............. 4 197,190,99 0.02
331 to 360.............. 2,403 225,170,074.13 25.02
------ --------------- ------
Total............... 14,794 $899,999,765.18 100.00%
====== =============== ======
</TABLE>
- --------
* Indicates an amount greater than zero but less than 0.005% of the aggregate
principal balance of the Aggregate Fixed-Rate Loans.
3
<PAGE>
Lien Position--Aggregate Initial and Subsequent Fixed-Rate Loans
<TABLE>
<CAPTION>
% of Aggregate
Fixed-Rate
Loans by
Aggregate Principal Outstanding Principal
Number of Loans Balance Outstanding Balance as of
Lien Position as of Cut-off Date as of Cut-off Date Cut-off Date
- ------------- ------------------ ------------------- ---------------------
<S> <C> <C> <C>
First............. 9,077 $735,713,905.08 81.75%
Second............ 5,694 163,738,636.00 18.19
Third............. 23 547,224.10 0.06
------ --------------- ------
Total......... 14,794 $899,999,765.18 100.00%
====== =============== ======
</TABLE>
Combined Loan-to-Value Ratio--Aggregate Initial and Subsequent Fixed-Rate Loans
<TABLE>
<CAPTION>
% of Aggregate
Fixed-Rate
Loans by
Aggregate Principal Outstanding Principal
Number of Loans Balance Outstanding Balance as of
Combined Loan-to-Value Ratio as of Cut-off Date as of Cut-off Date Cut-off Date
- ---------------------------- ------------------ ------------------- ---------------------
<S> <C> <C> <C>
Less than 10.01%............ 4 $ 125,254.15 0.01%
10.01 to 20.00%............. 37 766,693.54 0.09
20.01 to 30.00%............. 58 1,428,421.62 0.16
30.01 to 40.00%............. 87 2,916,695.58 0.32
40.01 to 50.00%............. 160 6,108,318.70 0.68
50.01 to 60.00%............. 254 10,852,335.63 1.21
60.01 to 70.00%............. 544 28,406,696.52 3.16
70.01 to 80.00%............. 1,823 107,152,608.30 11.91
80.01 to 90.00%............. 4,475 276,764,213.54 30.75
Greater than 90.00%......... 7,352 465,478,527.60 51.71
------ --------------- ------
Total................... 14,794 $899,999,765.18 100.00%
====== =============== ======
</TABLE>
The original combined loan-to-value ratio ("CLTV") of each Loan shown in the
table above is equal to (i) the sum of (a) the original principal balance of
such Loan plus (b) the outstanding principal balance (as of the date of
origination of the Loan) of any loan secured by a prior lien on the same
property, divided by (ii) the Collateral Value of the related property. The
"Collateral Value" of the property securing a Loan is the lesser of (x) the
appraised value based on an appraisal made for the originator of the Loan by an
independent fee appraiser (or, in certain instances, by an employee of the
Company who is a licensed appraiser) at the time of origination of the Loan,
and (y) the sales price of the property at the time of origination of the Loan.
With respect to a Loan the proceeds of which were used to refinance an existing
mortgage loan, the Collateral Value is the appraised value of the related
property based upon the appraisal obtained at the time of refinancing.
4
<PAGE>
AGGREGATE INITIAL AND SUBSEQUENT GROUP I ADJUSTABLE RATE LOANS
Set forth below is a description of certain additional characteristics of the
Initial Group I Adjustable Rate Loans. Percentages in these tables may not add
up to 100.00% due to rounding.
Geographical Distribution of Mortgaged Properties--Aggregate Initial and
Subsequent Group I Adjustable Rate Loans
<TABLE>
<CAPTION>
% of Aggregate
% of Aggregate Aggregate Principal Group I Adjustable Rate Loans
Number of Loans Group I Adjustable Balance by Outstanding Principal
as of Rate Loans by Number of Outstanding as of Balance as of
State Cut-off Date Loans as of Cut-off Date Cut-off Date Cut-off Date
- ----- --------------- --------------------------- ------------------- ----------------------------
<S> <C> <C> <C> <C>
Alabama................. 57 3.99% $ 4,855,242.99 3.24%
Arizona................. 30 2.10 2,968,198.76 1.98
California.............. 103 7.20 15,325,107.62 10.21
Colorado................ 76 5.32 8,770,205.17 5.85
Connecticut............. 5 0.35 393,623.38 0.26
Delaware................ 1 0.07 61,338.05 0.04
District Of Columbia.... 8 0.56 922,865.68 0.62
Florida................. 70 4.90 6,788,868.93 4.53
Georgia................. 61 4.27 6,694,515.13 4.46
Idaho................... 9 0.63 756,977.13 0.50
Illinois................ 34 2.38 3,553,735.13 2.37
Indiana................. 80 5.60 6,583,377.41 4.39
Iowa.................... 1 0.07 67,411.23 0.04
Kansas.................. 14 0.98 1,507,608.92 1.01
Kentucky................ 25 1.75 1,948,491.68 1.30
Louisiana............... 24 1.68 2,396,994.28 1.60
Maryland................ 48 3.36 6,933,703.20 4.62
Massachusetts........... 17 1.19 2,090,309.93 1.39
Michigan................ 46 3.22 4,492,292.07 2.99
Minnesota............... 6 0.42 654,981.43 0.44
Mississippi............. 7 0.49 611,628.62 0.41
Missouri................ 26 1.82 2,317,836.06 1.55
Montana................. 1 0.07 136,493.43 0.09
Nebraska................ 2 0.14 143,488.36 0.10
Nevada.................. 9 0.63 1,145,541.77 0.76
New Hampshire........... 6 0.42 517,813.37 0.35
New Jersey.............. 3 0.21 258,869.45 0.17
New Mexico.............. 5 0.35 415,156.78 0.28
New York................ 7 0.49 875,510.93 0.58
North Carolina.......... 82 5.73 7,782,404.01 5.19
North Dakota............ 1 0.07 48,475.58 0.03
Ohio.................... 142 9.93 12,561,628.27 8.37
Oklahoma................ 13 0.91 1,014,189.62 0.68
Oregon.................. 39 2.73 4,584,115.06 3.06
Pennsylvania............ 29 2.03 2,888,275.06 1.93
Rhode Island............ 10 0.70 1,143,461.11 0.76
South Carolina.......... 35 2.45 3,159,984.81 2.11
Tennessee............... 50 3.50 4,661,903.38 3.11
Texas................... 77 5.39 8,087,938.21 5.39
Utah.................... 47 3.29 5,752,090.36 3.83
Vermont................. 2 0.14 123,911.81 0.08
Virginia................ 29 2.03 3,827,089.11 2.55
Washington.............. 67 4.69 7,997,680.74 5.33
West Virginia........... 2 0.14 195,462.26 0.13
Wisconsin............... 21 1.47 1,760,953.26 1.17
Wyoming................. 2 0.14 217,549.89 0.15
----- ------ --------------- ------
Total............... 1,429 100.00% $149,995,299.43 100.00%
===== ====== =============== ======
</TABLE>
5
<PAGE>
Years of Origination--Aggregate Initial and Subsequent Group I Adjustable
Rate Loans
<TABLE>
<CAPTION>
% of Aggregate Group I
Adjustable Rate
Loans by
Aggregate Principal Outstanding Principal
Number of Loans Balance Outstanding Balance as of
Year of Origination as of Cut-off Date as of Cut-off Date Cut-off Date
- ------------------- ------------------ ------------------- ----------------------
<S> <C> <C> <C>
1994.................... 2 $ 252,243.92 0.17%
1996.................... 1 114,274.74 0.08
1997.................... 5 657,687.35 0.44
1998.................... 1,091 115,012,761.51 76.67
1999.................... 330 33,958,331.91 22.64
----- --------------- ------
Total............... 1,429 $149,995,299.43 100.00%
===== =============== ======
</TABLE>
Distribution of Original Loan Amounts--Aggregate Initial and Subsequent
Group I Adjustable Rate Loans
<TABLE>
<CAPTION>
% of Aggregate Group I
Adjustable Rate
Loans by
Aggregate Principal Outstanding Principal
Number of Loans Balance Outstanding Balance as of
Original Loan Amount as of Cut-off Date as of Cut-off Date Cut-off Date
-------------------- ------------------ ------------------- ---------------------
<S> <C> <C> <C>
Less than $ 30,000.00... 6 $ 139,234.14 0.09%
$ 30,000.00 to
$ 39,999.99............ 26 944,637.65 0.63
$ 40,000.00 to
$ 49,999.99............ 83 3,717,073.98 2.48
$ 50,000.00 to
$ 59,999.99............ 101 5,499,661.57 3.67
$ 60,000.00 to
$ 69,999.99............ 154 9,952,285.96 6.64
$ 70,000.00 to
$ 79,999.99............ 131 9,820,119.53 6.55
$ 80,000.00 to
$ 89,999.99............ 125 10,537,659.31 7.03
$ 90,000.00 to
$ 99,999.99............ 118 11,176,850.80 7.45
$100,000.00 to
$109,999.99............ 108 11,263,881.97 7.51
$110,000.00 to
$119,999.99............ 110 12,619,890.62 8.40
$120,000.00 to
$129,999.99............ 87 10,841,568.51 7.23
$130,000.00 to
$139,999.99............ 87 11,754,171.13 7.83
$140,000.00 to
$149,999.99............ 52 7,522,317.83 5.02
$150,000.00 to
$159,999.99............ 48 7,423,124.38 4.95
$160,000.00 to
$169,999.99............ 54 8,857,934.49 5.91
$170,000.00 to
$179,999.99............ 26 4,545,323.84 3.03
$180,000.00 to
$189,999.99............ 21 3,874,654.02 2.58
$190,000.00 to
$199,999.99............ 24 4,669,652.28 3.11
$200,000.00 to
$209,999.99............ 16 3,271,205.67 2.18
$210,000.00 to
$219,999.99............ 21 4,484,467.79 2.99
Greater than
$219,999.99............ 31 7,079,583.96 4.72
----- --------------- ------
Total............... 1,429 $149,995,299.43 100.00%
===== =============== ======
</TABLE>
6
<PAGE>
Current Loan Rates--Aggregate Initial and Subsequent Group I
Adjustable Rate Loans
<TABLE>
<CAPTION>
% of Aggregate Group I
Aggregate Principal Adjustable Rate Loans by
Number of Loans Balance Outstanding Outstanding Principal
Loan Rate as of Cut-off Date as of Cut-off Date Balance as of Cut-off Date
- --------- ------------------ ------------------- --------------------------
<S> <C> <C> <C>
Less than 7.01%......... 3 $ 366,922.38 0.24%
7.01 to 8.00%.......... 48 6,690,204.92 4.46
8.01 to 9.00%.......... 368 43,211,000.06 28.81
9.01 to 10.00%......... 574 59,852,810.85 39.90
10.01 to 11.00%......... 338 31,989,168.54 21.33
11.01 to 12.00%......... 79 6,432,239.36 4.29
12.01 to 13.00%......... 15 1,228,483.19 0.82
Greater than 13.00%..... 4 224,470.13 0.15
----- --------------- ------
Total............... 1,429 $149,995,299.43 100.00%
===== =============== ======
</TABLE>
Remaining Months to Maturity--Aggregate Initial and Subsequent Group I
Adjustable Rate Loans
<TABLE>
<CAPTION>
% of Aggregate Group I
Months Remaining to Aggregate Principal Adjustable Rate Loans by
Scheduled Maturity Number of Loans Balance Outstanding Outstanding Principal
As of Cut-off Date as of Cut-off Date as of Cut-off Date Balance as of Cut-off Date
------------------- ------------------ ------------------- --------------------------
<S> <C> <C> <C>
270 to 300.............. 2 $ 169,854.99 0.11%
301 to 330.............. 3 366,518.66 0.24
331 to 360.............. 1,424 149,458,925.78 99.65
----- --------------- ------
Total............... 1,429 $149,995,299.43 100.00%
===== =============== ======
</TABLE>
Lien Position--Aggregate Initial and Subsequent Group I Adjustable Rate Loans
<TABLE>
<CAPTION>
% of Aggregate Group I
Aggregate Principal Adjustable Rate Loans by
Number of Loans Balance Outstanding Outstanding Principal
Lien Position as of Cut-off Date as of Cut-off Date Balance as of Cut-off Date
- ------------- ------------------ ------------------- --------------------------
<S> <C> <C> <C>
First........ 1,429 $149,995,299.43 100.00%
----- --------------- ------
Total.... 1,429 $149,995,299.43 100.00%
===== =============== ======
</TABLE>
Loan-to-Value Ratio--Aggregate Initial and Subsequent Group I Adjustable
Rate Loans
<TABLE>
<CAPTION>
% of Aggregate Group I
Aggregate Principal Adjustable Rate Loans by
Number of Loans Balance Outstanding Outstanding Principal
Loan-to-Value Ratio as of Cut-off Date as of Cut-off Date Balance as of Cut-off Date
- ------------------- ------------------ ------------------- --------------------------
<S> <C> <C> <C>
20.01 to 30.00%......... 2 $ 75,109.13 0.05%
30.01 to 40.00%......... 4 268,498.08 0.18
40.01 to 50.00%......... 10 805,975.72 0.54
50.01 to 60.00%......... 15 1,107,144.39 0.74
60.01 to 70.00%......... 61 5,248,094.73 3.50
70.01 to 80.00%......... 392 40,071,986.31 26.72
80.01 to 90.00%......... 684 71,756,161.73 47.83
Greater than 90.00%..... 261 30,662,329.34 20.44
----- --------------- ------
Total............... 1,429 $149,995,299.43 100.00%
===== =============== ======
</TABLE>
7
<PAGE>
Month of Next Rate Adjustment--Aggregate Initial and Subsequent Group I
Adjustable Rate Loans
<TABLE>
<CAPTION>
% of Aggregate
Group I
Aggregate Principal Adjustable Rate Loans
Number of Loans Balance Outstanding by Outstanding Principal
Month of Next Rate Adjustment as of Cut-off Date as of Cut-off Date Balance as of Cut-off Date
- ----------------------------- ------------------ ------------------- --------------------------
<S> <C> <C> <C>
February 1999............... 3 $ 254,584.63 0.17%
March 1999.................. 3 353,537.95 0.24
April 1999.................. 8 595,238.90 0.40
May 1999.................... 12 1,255,401.63 0.84
June 1999................... 9 819,298.34 0.55
July 1999................... 2 110,192.96 0.07
August 1999................. 1 114,274.74 0.08
December 1999............... 1 207,756.21 0.14
January 2000................ 2 149,826.81 0.10
February 2000............... 2 250,125.06 0.17
March 2000.................. 9 1,004,198.45 0.67
April 2000.................. 5 495,639.06 0.33
May 2000.................... 6 886,097.77 0.59
June 2000................... 12 1,543,939.51 1.03
July 2000................... 27 2,653,802.61 1.77
August 2000................. 68 6,649,768.21 4.43
September 2000.............. 152 16,757,884.96 11.17
October 2000................ 224 23,063,890.07 15.37
November 2000............... 277 30,806,029.78 20.53
December 2000............... 209 21,285,417.83 14.19
January 2001................ 183 19,240,188.42 12.83
February 2001............... 129 13,244,729.15 8.83
March 2001.................. 13 1,138,249.00 0.76
June 2001................... 1 222,679.25 0.15
July 2001................... 1 59,284.18 0.04
August 2001................. 4 499,468.01 0.33
September 2001.............. 7 620,935.68 0.41
October 2001................ 11 937,423.43 0.62
November 2001............... 28 2,623,775.47 1.75
December 2001............... 9 1,105,726.36 0.74
January 2002................ 6 547,860.00 0.37
February 2002............... 5 498,075.00 0.33
----- --------------- ------
Total................... 1,429 $149,995,299.43 100.00%
===== =============== ======
</TABLE>
8
<PAGE>
Distribution of Gross Margin--Aggregate Initial and Subsequent Group I
Adjustable Rate Loans
<TABLE>
<CAPTION>
% of Aggregate
Group I
Aggregate Principal Adjustable Rate Loans
Number of Loans Balance Outstanding by Outstanding Principal
Gross Margin as of Cut-off Date as of Cut-off Date Balance as of Cut-off Date
- ------------ ------------------ ------------------- --------------------------
<S> <C> <C> <C>
Less than 4.500%........ 3 $ 372,628.96 0.25%
4.500 to 4.749%......... 3 196,027.55 0.13
4.750 to 4.999%......... 7 769,800.96 0.51
5.000 to 5.249%......... 16 1,453,149.89 0.97
5.250 to 5.499%......... 31 3,222,147.33 2.15
5.500 to 5.749%......... 50 5,561,996.64 3.71
5.750 to 5.999%......... 121 13,363,042.85 8.91
6.000 to 6.249%......... 139 15,330,414.23 10.22
6.250 to 6.499%......... 176 18,964,208.39 12.64
6.500 to 6.749%......... 175 19,418,965.30 12.95
6.750 to 6.999%......... 214 24,351,609.30 16.23
7.000 to 7.249%......... 148 14,503,888.97 9.67
7.250 to 7.499%......... 81 8,031,409.14 5.35
7.500 to 7.749%......... 64 5,954,847.41 3.97
7.750 to 7.999%......... 68 6,573,234.59 4.38
8.000 to 8.249%......... 51 4,615,193.56 3.08
8.250 to 8.499%......... 26 2,528,087.33 1.69
8.500 to 8.749%......... 36 3,034,551.37 2.02
8.750 to 8.999%......... 4 324,941.08 0.22
9.000 to 9.249%......... 8 825,676.18 0.55
9.250 to 9.499%......... 3 175,023.10 0.12
9.500 to 9.749%......... 3 258,724.71 0.17
Greater than 9.749%..... 2 165,730.59 0.11
----- --------------- ------
Total............... 1,429 $149,995,299.43 100.00%
===== =============== ======
</TABLE>
9
<PAGE>
Maximum Loan Rates--Aggregate Initial and Subsequent Group I
Adjustable Rate Loans
<TABLE>
<CAPTION>
% of Aggregate Group I
Adjustable Rate Loans
Number of Loans Aggregate Principal by Outstanding Principal
as of Cut-off Balance Outstanding Balance as of
Maximum Loan Rates Date as of Cut-off Date Cut-off Date
- ------------------ --------------- ------------------- ------------------------
<S> <C> <C> <C>
Less than 13.000%....... 234 $ 25,179,805.34 16.79%
13.000 to 13.249%....... 24 2,385,581.16 1.59
13.250 to 13.499%....... 31 3,037,442.78 2.03
13.500 to 13.749%....... 17 1,870,480.14 1.25
13.750 to 13.999%....... 50 5,839,428.26 3.89
14.000 to 14.249%....... 11 928,049.96 0.62
14.250 to 14.499%....... 23 2,552,109.08 1.70
14.500 to 14.749%....... 78 9,724,701.90 6.48
14.750 to 14.999%....... 141 15,655,685.83 10.44
15.000 to 15.249%....... 53 6,356,468.84 4.24
15.250 to 15.499%....... 113 12,234,624.71 8.16
15.500 to 15.749%....... 93 9,640,286.05 6.43
15.750 to 15.999%....... 150 15,593,941.66 10.40
16.000 to 16.249%....... 36 3,554,720.99 2.37
16.250 to 16.499%....... 65 7,324,610.48 4.88
16.500 to 16.749%....... 66 5,643,804.08 3.76
16.750 to 16.999%....... 90 8,735,601.70 5.82
17.000 to 17.249%....... 23 1,884,418.27 1.26
17.250 to 17.499%....... 41 3,678,228.57 2.45
17.500 to 17.749%....... 28 2,936,838.98 1.96
17.750 to 17.999%....... 25 2,151,971.29 1.43
18.000 to 18.249%....... 10 902,432.38 0.60
18.250 to 18.499%....... 8 749,083.92 0.50
18.500 to 18.749%....... 2 157,493.79 0.10
18.750 to 18.999%....... 7 521,047.55 0.35
19.000 to 19.249%....... 2 179,777.82 0.12
19.250 to 19.499%....... 4 212,070.90 0.14
19.500 to 19.749%....... -- -- 0.00
19.750 to 19.999%....... 1 51,939.10 0.03
Greater than 19.999%.... 3 312,653.90 0.21
----- --------------- ------
Total............... 1,429 $149,995,299.43 100.00%
===== =============== ======
</TABLE>
10
<PAGE>
Minimum Loan Rates--Aggregate Initial and Subsequent Group I
Adjustable Rate Loans
<TABLE>
<CAPTION>
% of Aggregate
Group I
Number of Adjustable Rate Loans
Loans Aggregate Principal by Outstanding Principal
as of Cut- Balance Outstanding Balance as of
Minimum Loan Rates off Date as of Cut-off Date Cut-off Date
- ------------------ ---------- ------------------- ------------------------
<S> <C> <C> <C>
Less than 7.249%...... 5 $ 580,004.91 0.39%
7.249 to 7.499%...... 3 509,765.83 0.34
7.500 to 7.749%...... 4 662,502.75 0.44
7.750 to 7.999%...... 36 4,885,609.70 3.26
8.000 to 8.249%...... 13 1,724,534.18 1.15
8.250 to 8.499%...... 37 4,210,365.23 2.81
8.500 to 8.749%...... 102 12,368,547.95 8.25
8.750 to 8.999%...... 210 24,152,763.97 16.09
9.000 to 9.249%...... 62 7,151,627.53 4.77
9.250 to 9.499%...... 159 17,407,650.65 11.60
9.500 to 9.749%...... 125 12,638,983.60 8.43
9.750 to 9.999%...... 235 23,779,063.06 15.84
10.000 to 10.249%...... 62 5,974,026.20 3.98
10.250 to 10.499%...... 98 9,944,947.21 6.63
10.500 to 10.749%...... 86 8,099,663.30 5.40
10.750 to 10.999%...... 87 7,454,326.41 4.97
11.000 to 11.249%...... 27 2,064,539.01 1.38
11.250 to 11.499%...... 25 1,827,742.46 1.22
11.500 to 11.749%...... 15 1,547,170.87 1.03
11.750 to 11.999%...... 16 1,269,240.15 0.85
12.000 to 12.249%...... 7 623,273.98 0.42
12.250 to 12.499%...... 6 405,994.62 0.27
12.500 to 12.749%...... 2 175,157.01 0.12
12.750 to 12.999%...... 3 265,716.86 0.18
13.000 to 13.249%...... 1 96,000.00 0.06
13.250 to 13.499%...... 3 176,081.99 0.12
Greater than 13.499%... 0 -- 0.00
----- --------------- ------
Total................ 1,429 $149,995,299.43 100.00%
===== =============== ======
</TABLE>
11
<PAGE>
AGGREGATE INITIAL AND SUBSEQUENT GROUP II ADJUSTABLE RATE LOANS
Set forth below is a description of certain additional characteristics of the
Group II Adjustable Rate Loans. Percentages in these tables may not add up to
100.00% due to rounding.
Geographical Distribution of Mortgaged Properties--Aggregate Initial and
Subsequent Group II Adjustable Rate Loans
<TABLE>
<CAPTION>
% of Aggregate
% of Aggregate Group II
Group II Adjustable
Adjustable Rate Loans
Rate Loans Aggregate Principal by Outstanding
by Number of Balance Principal
Number of Loans Loans as Outstanding as of Balance as of
State as of Cut-off Date of Cut-off Date Cut-off Date Cut-off Date
- ----- ------------------ --------------- ------------------- --------------
<S> <C> <C> <C> <C>
Alabama................. 39 3.32% $ 3,498,887.06 2.33%
Arizona................. 18 1.53 2,129,720.35 1.42
Arkansas................ 4 0.34 239,463.50 0.16
California.............. 120 10.22 24,730,935.07 16.48
Colorado................ 55 4.69 7,199,027.85 4.80
Connecticut............. 6 0.51 756,738.72 0.50
Delaware................ 3 0.26 304,779.76 0.20
District Of Columbia.... 6 0.51 865,457.86 0.58
Florida................. 61 5.20 6,198,429.24 4.13
Georgia................. 36 3.07 5,139,114.41 3.43
Idaho................... 7 0.60 832,925.02 0.56
Illinois................ 33 2.81 4,428,011.79 2.95
Indiana................. 67 5.71 5,946,093.66 3.96
Iowa.................... 1 0.09 88,092.76 0.06
Kansas.................. 8 0.68 1,031,706.69 0.69
Kentucky................ 20 1.71 1,330,113.39 0.89
Louisiana............... 17 1.45 1,576,386.05 1.05
Maryland................ 65 5.54 11,752,301.11 7.84
Massachusetts........... 15 1.28 2,054,456.01 1.37
Michigan................ 34 2.90 3,334,756.14 2.22
Minnesota............... 3 0.26 386,119.48 0.26
Mississippi............. 4 0.34 276,871.92 0.18
Missouri................ 10 0.85 883,527.37 0.59
Nevada.................. 13 1.11 1,649,037.71 1.10
New Hampshire........... 3 0.26 391,288.94 0.26
New Jersey.............. 3 0.26 788,366.39 0.53
New Mexico.............. 7 0.60 603,873.66 0.40
New York................ 4 0.34 516,027.67 0.34
North Carolina.......... 67 5.71 6,817,699.78 4.55
Ohio.................... 102 8.70 9,309,527.54 6.21
Oklahoma................ 8 0.68 520,994.78 0.35
Oregon.................. 46 3.92 5,719,993.61 3.81
Pennsylvania............ 19 1.62 2,091,149.21 1.39
Rhode Island............ 6 0.51 938,521.08 0.63
South Carolina.......... 18 1.53 1,705,146.24 1.14
Tennessee............... 46 3.92 4,541,580.98 3.03
Texas................... 51 4.35 6,803,672.87 4.54
Utah.................... 29 2.47 3,782,984.00 2.52
Virginia................ 22 1.88 4,598,733.88 3.07
Washington.............. 79 6.73 12,035,550.96 8.02
West Virginia........... 3 0.26 498,596.03 0.33
Wisconsin............... 14 1.19 1,639,057.58 1.09
Wyoming................. 1 0.09 61,731.52 0.04
---- ------ --------------- ------
Total............... 1173 100.00% $149,997,449.64 100.00%
==== ====== =============== ======
</TABLE>
12
<PAGE>
Years of Origination--Aggregate Initial and Subsequent Group II
Adjustable Rate Loans
<TABLE>
<CAPTION>
% of Aggregate
Group II
Adjustable Rate
Loans by
Aggregate Principal Outstanding Principal
Number of Loans Balance Outstanding Balance as of
Year of Origination as of Cut-off Date as of Cut-off Date Cut-off Date
- ------------------- ------------------ ------------------- ---------------------
<S> <C> <C> <C>
1994.................... 2 $ 163,217.19 0.11%
1995.................... 1 215,251.46 0.14
1997.................... 8 1,017,865.60 0.68
1998.................... 908 115,539,780.80 77.03
1999.................... 254 33,061,334.59 22.04
----- --------------- ------
Total............... 1,173 $149,997,449.64 100.00%
===== =============== ======
</TABLE>
Distribution of Original Loan Amounts--Aggregate Initial and Additional
Group II Adjustable Rate Loans
<TABLE>
<CAPTION>
% of Initial and
Additional Group II
Adjustable Rate
Loans by
Aggregate Principal Outstanding Principal
Number of Loans Balance Outstanding Balance as of
Original Loan Amount as of Cut-off Date as of Cut-off Date Cut-off Date
-------------------- ------------------ ------------------- ---------------------
<S> <C> <C> <C>
Less than$ 30,000.00.... 10 $ 271,827.04 0.18%
$ 30,000.00 to
$ 39,999.99............ 14 498,145.32 0.33
$ 40,000.00 to
$ 49,999.99............ 38 1,750,343.46 1.17
$ 50,000.00 to
$ 59,999.99............ 86 4,722,780.01 3.15
$ 60,000.00 to
$ 69,999.99............ 108 7,023,599.59 4.68
$ 70,000.00 to
$ 79,999.99............ 95 7,057,435.62 4.71
$ 80,000.00 to
$ 89,999.99............ 86 7,256,304.13 4.84
$ 90,000.00 to
$ 99,999.99............ 93 8,786,558.47 5.86
$100,000.00 to
$109,999.99............ 74 7,714,712.34 5.14
$110,000.00 to
$119,999.99............ 71 8,110,577.82 5.41
$120,000.00 to
$129,999.99............ 75 9,382,816.29 6.25
$130,000.00 to
$139,999.99............ 64 8,616,523.90 5.74
$140,000.00 to
$149,999.99............ 40 5,787,107.45 3.86
$150,000.00 to
$159,999.99............ 31 4,778,870.08 3.19
$160,000.00 to
$169,999.99............ 38 6,244,638.07 4.16
$170,000.00 to
$179,999.99............ 21 3,639,855.28 2.43
$180,000.00 to
$189,999.99............ 20 3,708,574.04 2.47
$190,000.00 to
$199,999.99............ 20 3,908,541.99 2.61
$200,000.00 to
$209,999.99............ 15 3,083,152.55 2.06
$210,000.00 to
$219,999.99............ 13 2,792,836.42 1.86
Greater than
$219,999.99............ 161 44,862,249.77 29.90
----- --------------- ------
Total............... 1,173 $149,997,449.64 100.00%
===== =============== ======
</TABLE>
13
<PAGE>
Current Loan Rates--Aggregate Initial and Subsequent Group II
Adjustable Rate Loans
<TABLE>
<CAPTION>
% of Aggregate Group II
Aggregate Principal Adjustable Rate Loans by
Number of Loans Balance Outstanding Outstanding Principal
Loan Rate as of Cut-off Date as of Cut-off Date Balance as of Cut-off Date
- --------- ------------------ ------------------- --------------------------
<S> <C> <C> <C>
Less than 7.01%......... 4 $ 779,458.49 0.52%
7.01 to 8.00%........... 44 7,032,361.56 4.69
8.01 to 9.00%........... 328 47,680,438.75 31.79
9.01 to 10.00%.......... 515 65,218,982.43 43.47
10.01 to 11.00%......... 200 21,944,499.30 14.63
11.01 to 12.00%......... 67 6,027,087.01 4.02
12.01 to 13.00%......... 12 1,155,278.34 0.77
Greater than 13.00%..... 3 159,343.76 0.11
---- --------------- ------
Total............... 1173 $149,997,449.64 100.00%
==== =============== ======
</TABLE>
Remaining Months to Maturity--Aggregate Initial and Subsequent Group II
Adjustable Rate Loans
<TABLE>
<CAPTION>
% of Aggregate Group II
Months Remaining to Aggregate Principal Adjustable Rate Loans by
Scheduled Maturity Number of Loans Balance Outstanding Outstanding Principal
As of Cut-off Date as of Cut-off Date as of Cut-off Date Balance as of Cut-off Date
------------------- ------------------ ------------------- --------------------------
<S> <C> <C> <C>
270--300................ 1 $ 66,764.91 0.04%
301--330................ 3 378,468.65 0.25%
331--360................ 1169 149,552,216.08 99.71%
---- --------------- ------
Total............... 1173 $149,997,449.64 100.00%
==== =============== ======
</TABLE>
Lien Position--Aggregate Initial and Subsequent Group II Adjustable Rate Loans
<TABLE>
<CAPTION>
% of Aggregate Group II
Aggregate Principal Adjustable Rate Loans by
Number of Loans Balance Outstanding Outstanding Principal
Lien Position as of Cut-off Date as of Cut-off Date Balance as of Cut-off Date
- ------------- ------------------ ------------------- --------------------------
<S> <C> <C> <C>
First........ 1,173 $149,997,449.64 100.00%
----- --------------- ------
Total.... 1,173 $149,997,449.64 100.00%
===== =============== ======
</TABLE>
Loan-to-Value Ratio--Aggregate Initial and Subsequent Group II
Adjustable Rate Loans
<TABLE>
<CAPTION>
% of Aggregate Group II
Aggregate Principal Adjustable Rate Loans by
Number of Loans Balance Outstanding Outstanding Principal
Loan-to-Value Ratio as of Cut-off Date as of Cut-off Date Balance as of Cut-off Date
- ------------------- ------------------ ------------------- --------------------------
<S> <C> <C> <C>
10.01--20.00%........... 1 $ 34,906.43 0.02%
20.01--30.00%........... 4 196,826.44 0.13
30.01--40.00%........... 2 123,456.48 0.08
40.01--50.00%........... 6 529,802.47 0.35
50.01--60.00%........... 17 1,762,637.53 1.18
60.01--70.00%........... 45 5,327,515.75 3.55
70.01--80.00%........... 287 35,967,607.50 23.98
80.01--90.00%........... 568 72,607,561.00 48.41
Greater than 90.00%..... 243 33,447,136.04 22.30
----- --------------- ------
Total............... 1,173 $149,997,449.64 100.00%
===== =============== ======
</TABLE>
14
<PAGE>
Month of Next Rate Adjustment--Aggregate Initial and Subsequent Group II
Adjustable Rate Loans
<TABLE>
<CAPTION>
% of Aggregate
Group II
Aggregate Principal Adjustable Rate Loans
Number of Loans Balance Outstanding by Outstanding Principal
Month of Next Rate Adjustment as of Cut-off Date as of Cut-off Date Balance as of Cut-off Date
- ----------------------------- ------------------ ------------------- --------------------------
<S> <C> <C> <C>
January 1999................ 1 $ 142,130.06 0.09%
February 1999............... 1 56,399.72 0.04
April 1999.................. 2 226,310.27 0.15
May 1999.................... 11 1,179,289.82 0.79
June 1999................... 3 286,583.53 0.19
July 1999................... 1 88,123.72 0.06
August 1999................. 1 134,264.11 0.09
September 1999.............. 1 109,602.84 0.07
October 1999................ 2 75,782.79 0.05
November 1999............... 2 370,932.33 0.25
December 1999............... 2 616,992.23 0.41
January 2000................ 5 788,174.19 0.53
February 2000............... 3 338,053.99 0.23
March 2000.................. 5 924,292.33 0.62
April 2000.................. 7 1,011,754.81 0.67
May 2000.................... 8 1,703,102.02 1.14
June 2000................... 19 2,511,872.88 1.67
July 2000................... 26 3,356,035.86 2.24
August 2000................. 45 5,606,863.68 3.74
September 2000.............. 130 17,115,862.34 11.41
October 2000................ 183 23,319,311.81 15.55
November 2000............... 220 26,978,652.94 17.98
December 2000............... 193 24,198,322.66 16.13
January 2001................ 142 18,370,358.86 12.25
February 2001............... 101 13,254,369.44 8.84
March 2001.................. 8 824,910.00 0.55
April 2001.................. 1 64,800.00 0.04
July 2001................... 1 37,322.28 0.02
August 2001................. 2 177,928.91 0.12
September 2001.............. 3 296,071.64 0.20
October 2001................ 10 892,339.16 0.59
November 2001............... 14 1,838,086.65 1.23
December 2001............... 14 2,284,607.22 1.52
January 2002................ 4 617,053.41 0.41
February 2002............... 1 88,940.80 0.06
December 2010............... 1 111,950.34 0.07
----- --------------- ------
Total................... 1,173 $149,997,449.64 100.00%
===== =============== ======
</TABLE>
15
<PAGE>
Distribution of Gross Margin--Aggregate Initial and Subsequent Group II
Adjustable Rate Loans
<TABLE>
<CAPTION>
% of Aggregate
Group II
Aggregate Principal Adjustable Rate Loans
Number of Loans Balance Outstanding by Outstanding Principal
Gross Margin as of Cut-off Date as of Cut-off Date Balance as of Cut-off Date
- ------------ ------------------ ------------------- --------------------------
<S> <C> <C> <C>
Less than 4.750%........ 6 $ 761,266.94 0.51%
4.750 to 4.999%......... 9 896,241.69 0.60
5.000 to 5.249%......... 12 1,458,757.39 0.97
5.250 to 5.499%......... 23 3,361,603.55 2.24
5.500 to 5.749%......... 36 4,688,801.64 3.13
5.750 to 5.999%......... 104 13,460,150.14 8.97
6.000 to 6.249%......... 103 14,239,807.12 9.49
6.250 to 6.499%......... 158 22,045,319.68 14.70
6.500 to 6.749%......... 164 23,339,475.28 15.56
6.750 to 6.999%......... 204 28,059,282.53 18.71
7.000 to 7.249%......... 88 10,759,481.57 7.17
7.250 to 7.499%......... 62 6,795,182.01 4.53
7.500 to 7.749%......... 56 6,096,948.05 4.06
7.750 to 7.999%......... 39 3,744,628.43 2.50
8.000 to 8.249%......... 41 3,622,261.61 2.41
8.250 to 8.499%......... 16 1,366,492.62 0.91
8.500 to 8.749%......... 24 2,245,842.09 1.50
8.750 to 8.999%......... 8 1,224,244.92 0.82
9.000 to 9.249%......... 6 398,128.05 0.27
9.250 to 9.499%......... 3 322,473.15 0.21
9.500 to 9.749%......... 4 296,477.10 0.20
Greater than 9.749%..... 7 814,584.08 0.54
----- --------------- ------
Total............... 1,173 $149,997,449.64 100.00%
===== =============== ======
</TABLE>
16
<PAGE>
Maximum Loan Rates--Aggregate Initial and Subsequent Group II Adjustable
Rate Loans
<TABLE>
<CAPTION>
% of Aggregate
Group II
Adjustable Rate Loans
Number of Loans Aggregate Principal by Outstanding Principal
as of Cut-off Balance Outstanding Balance as of
Maximum Loan Rates Date as of Cut-off Date Cut-off Date
- ------------------ --------------- ------------------- ------------------------
<S> <C> <C> <C>
Less than 13.000%....... 204 $ 27,349,800.57 18.22%
13.000 to 13.249%....... 10 1,097,902.56 0.73
13.250 to 13.499%....... 22 2,603,412.85 1.74
13.500 to 13.749%....... 18 2,129,122.35 1.42
13.750 to 13.999%....... 28 3,958,063.25 2.64
14.000 to 14.249%....... 16 2,413,338.54 1.61
14.250 to 14.499%....... 29 3,465,957.82 2.31
14.500 to 14.749%....... 69 10,616,220.43 7.08
14.750 to 14.999%....... 130 17,065,875.72 11.38
15.000 to 15.249%....... 44 6,031,984.73 4.02
15.250 to 15.499%....... 92 12,046,894.84 8.03
15.500 to 15.749%....... 83 10,691,128.54 7.13
15.750 to 15.999%....... 139 17,945,162.21 11.95
16.000 to 16.249%....... 36 4,317,152.78 2.88
16.250 to 16.499%....... 61 7,995,952.23 5.33
16.500 to 16.749%....... 43 4,900,122.49 3.27
16.750 to 16.999%....... 59 6,257,817.31 4.17
17.000 to 17.249%....... 16 1,909,441.84 1.27
17.250 to 17.499%....... 24 2,800,431.48 1.87
17.500 to 17.749%....... 9 653,711.87 0.44
17.750 to 17.999%....... 10 1,068,383.56 0.71
18.000 to 18.249%....... 9 668,454.92 0.45
18.250 to 18.499%....... 8 732,129.53 0.49
18.500 to 18.749%....... 5 368,054.11 0.25
18.750 to 18.999%....... 2 122,787.60 0.08
19.000 to 19.249%....... 0 -- 0.00
19.250 to 19.499%....... 0 -- 0.00
19.500 to 19.749%....... 2 222,920.68 0.15
19.750 to 19.999%....... 1 248,000.00 0.17
Greater than 19.999%.... 4 317,224.83 0.21
----- --------------- ------
Total............... 1,173 $149,997,449.64 100.00%
===== =============== ======
</TABLE>
17
<PAGE>
Minimum Loan Rates--Aggregate Initial and Subsequent Group II Adjustable
Rate Loans
<TABLE>
<CAPTION>
% of Aggregate
Group II
Adjustable Rate
Number of Loans
Loans Aggregate Principal by Outstanding Principal
as of Cut- Balance Outstanding Balance as of
Minimum Loan Rates off Date as of Cut-off Date Cut-off Date
- ------------------ ---------- ------------------- ------------------------
<S> <C> <C> <C>
Less than 7.250% ...... 8 $ 1,504,700.47 1.00%
7.250 to 7.499% ...... 3 289,306.91 0.19
7.500 to 7.749% ...... 4 571,879.84 0.38
7.750 to 7.999% ...... 34 5,481,644.06 3.65
8.000 to 8.249% ...... 16 2,728,557.00 1.82
8.250 to 8.499% ...... 37 5,514,766.98 3.68
8.500 to 8.749% ...... 90 13,928,698.20 9.29
8.750 to 8.999% ...... 177 24,364,006.06 16.24
9.000 to 9.249% ...... 62 7,805,567.74 5.20
9.250 to 9.499% ...... 151 18,821,261.74 12.55
9.500 to 9.749% ...... 95 12,506,027.06 8.34
9.750 to 9.999% ...... 204 25,963,707.66 17.30
10.000 to 10.249% ...... 40 4,907,340.60 3.27
10.250 to 10.499% ...... 63 7,226,902.85 4.82
10.500 to 10.749% ...... 49 5,156,786.35 3.44
10.750 to 10.999% ...... 52 5,192,620.84 3.46
11.000 to 11.249% ...... 22 2,069,307.61 1.38
11.250 to 11.499% ...... 25 2,248,135.84 1.50
11.500 to 11.749% ...... 17 1,450,879.44 0.97
11.750 to 11.999% ...... 9 713,742.50 0.48
12.000 to 12.249% ...... 1 62,982.13 0.04
12.250 to 12.499% ...... 2 145,550.04 0.10
12.500 to 12.749% ...... 4 355,619.03 0.24
12.750 to 12.999% ...... 3 458,616.44 0.31
13.000 to 13.249% ...... 2 120,011.09 0.08
13.250 to 13.499% ...... 2 379,149.16 0.25
13.500 to 13.749% ...... 1 29,682.00 0.02
Greater than 13.749% ... 0 -- 0.00
----- --------------- ------
Total 1,173 $149,997,449.64 100.00%
===== =============== ======
</TABLE>
18
