<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): December 30, 1998
GREEN TREE FINANCIAL CORPORATION
--------------------------------
Delaware 01-08916 41-1807858
- --------------------------------------------------------------------------------
(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.
-------------
Not applicable.
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
----------- -----------
99.1 Information with respect to home improvement loan
contracts and fixed-rate and adjustable rate home
equity loan contracts transferred to the trust
formed in connection with the Certificates for Home
Improvement and Home Equity Loans, Series 1998-E,
issued by Green Tree Financial Corporation, as
Seller and Servicer.
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
By: /s/ Scott T. Young
-----------------------------
Scott T. Young
Senior Vice President and Controller
<PAGE>
INDEX TO EXHIBITS
<TABLE>
<CAPTION>
EXHIBIT NUMBER
- --------------
<C> <S>
99.1 Information with respect to home improvement loan contracts
and fixed-rate and adjustable rate home equity loan contracts
transferred to the trust formed in connection with the
Certificates for Home Improvement and Home Equity Loans,
Series 1998-E, issued by Green Tree Financial Corporation, as
Seller and Servicer.
</TABLE>
<PAGE>
EXHIBIT 99.1
CERTIFICATES FOR HOME IMPROVEMENT AND HOME EQUITY LOANS
SERIES 1998-E
INFORMATION REGARDING CERTAIN INITIAL AND SUBSEQUENT CONTRACTS
Set forth below is information regarding home improvement loan contracts and
fixed-rate and adjustable rate home equity loan contracts transferred to the
Trust or identified for inclusion in the Trust on the Closing Date and
transferred to the Trust after the Closing Date. The information below relates
to both the Initial Contracts described in the Prospectus Supplement dated
November 17, 1998, and Supplement to Prospectus Supplement dated December 8,
1998 and the Subsequent Contracts. There will be no Subsequent Contracts added
to the Contract Pool. Unless otherwise defined herein, all capitalized terms
have the meanings set forth in the Prospectus Supplement.
<PAGE>
GEOGRAPHICAL DISTRIBUTION OF MORTGAGED PROPERTIES--HOME IMPROVEMENT CONTRACTS
<TABLE>
<CAPTION>
% OF
SUB-POOL
% OF HI BY
SUB-POOL HI BY AGGREGATE PRINCIPAL OUTSTANDING
NUMBER OF NUMBER OF BALANCE PRINCIPAL
CONTRACTS AS OF CONTRACTS AS OUTSTANDING AS OF BALANCE AS OF
CUT-OFF DATE OF CUT-OFF DATE CUT-OFF DATE CUT-OFF DATE
--------------- --------------- ------------------- -------------
<S> <C> <C> <C> <C>
Alabama................. 207 1.25% $ 4,908,283.80 1.96%
Alaska.................. 5 .03 73,889.63 .03
Arizona................. 321 1.93 6,425,118.26 2.57
Arkansas................ 696 4.19 5,657,674.67 2.26
California.............. 1,618 9.74 41,173,724.48 16.47
Colorado................ 523 3.15 6,363,154.60 2.55
Connecticut............. 242 1.46 4,724,318.64 1.89
Delaware................ 33 .20 672,978.42 .27
District of Columbia.... 9 .05 105,997.76 .04
Florida................. 570 3.43 9,270,882.47 3.71
Georgia................. 224 1.35 3,452,127.72 1.38
Hawaii.................. 10 .06 219,987.92 .09
Idaho................... 72 .43 1,041,682.25 .42
Illinois................ 596 3.59 8,701,728.30 3.48
Indiana................. 288 1.73 4,401,106.62 1.76
Iowa.................... 76 .46 768,856.34 .31
Kansas.................. 189 1.14 2,154,433.87 .86
Kentucky................ 132 .79 1,320,101.27 .53
Louisiana............... 218 1.31 2,248,001.38 .90
Maine................... 114 .69 2,447,189.03 .98
Maryland................ 135 .81 1,965,646.33 .79
Massachusetts........... 139 .84 3,329,248.45 1.33
Michigan................ 1,401 8.44 17,561,020.17 7.02
Minnesota............... 211 1.27 4,193,966.85 1.68
Mississippi............. 305 1.84 2,414,432.21 .97
Missouri................ 486 2.93 5,207,138.83 2.08
Montana................. 31 .19 503,405.16 .20
Nebraska................ 79 .48 904,264.38 .36
Nevada.................. 168 1.01 3,586,549.08 1.43
New Hampshire........... 65 .39 1,403,208.82 .56
New Jersey.............. 493 2.97 10,385,037.81 4.15
New Mexico.............. 158 .95 2,100,813.00 .84
New York................ 883 5.32 19,049,379.98 7.62
North Carolina.......... 330 1.99 3,037,644.06 1.22
North Dakota............ 18 .11 485,317.71 .19
Ohio.................... 628 3.78 7,555,220.47 3.02
Oklahoma................ 449 2.70 3,544,973.20 1.42
Oregon.................. 138 .83 2,302,084.77 .92
Pennsylvania............ 850 5.12 13,896,779.20 5.56
Rhode Island............ 49 .30 1,046,004.59 .42
South Carolina.......... 194 1.17 2,270,766.80 .91
South Dakota............ 29 .17 646,363.08 .26
Tennessee............... 287 1.73 2,355,189.45 .94
Texas................... 1,725 10.39 16,488,877.70 6.60
Utah.................... 82 .49 1,143,953.07 .46
Vermont................. 19 .11 383,224.93 .15
Virginia................ 330 1.99 5,655,565.42 2.26
Washington.............. 537 3.23 6,656,266.26 2.66
West Virginia........... 96 .58 1,753,107.08 .70
Wisconsin............... 85 .51 1,177,225.49 .47
Wyoming................. 64 .39 848,952.32 .34
Other................... 1 .01 3,969.23 .00
------ ------ --------------- ------
Total............... 16,608 100.00% $249,986,833.13 100.00%
====== ====== =============== ======
</TABLE>
2
<PAGE>
YEARS OF ORIGINATION--HOME IMPROVEMENT CONTRACTS
<TABLE>
<CAPTION>
% OF
NUMBER OF SUB-POOL HI BY
CONTRACTS AGGREGATE PRINCIPAL OUTSTANDING PRINCIPAL
AS OF CUT- BALANCE OUTSTANDING BALANCE AS OF
YEAR OF ORIGINATION OFF DATE AS OF CUT-OFF DATE CUT-OFF DATE
- ------------------- ---------- ------------------- ---------------------
<S> <C> <C> <C>
1980...................... 1 $ 7,985.00 .00%
1989...................... 196 1,016,947.73 .41
1990...................... 735 4,009,206.11 1.60
1996...................... 4 70,893.31 .03
1997...................... 2,533 17,250,745.78 6.90
1998...................... 13,139 227,631,055.20 91.06
------ --------------- ------
Total................. 16,608 $249,986,833.13 100.00%
====== =============== ======
</TABLE>
DISTRIBUTION OF ORIGINAL CONTRACT AMOUNTS--HOME IMPROVEMENT CONTRACTS
<TABLE>
<CAPTION>
% OF
NUMBER OF SUB-POOL HI BY
CONTRACTS AGGREGATE PRINCIPAL OUTSTANDING PRINCIPAL
ORIGINAL HOME IMPROVEMENT AS OF CUT- BALANCE OUTSTANDING BALANCE AS OF
CONTRACT AMOUNT (IN DOLLARS) OFF DATE AS OF CUT-OFF DATE CUT-OFF DATE
- ---------------------------- ---------- ------------------- ---------------------
<S> <C> <C> <C>
Less than $10,000............ 7,202 $39,073,977.07 15.63%
Between $10,000--$ 19,999.... 4,876 66,255,708.03 26.50
Between $20,000--$ 29,999.... 2,783 66,992,256.00 26.80
Between $30,000--$ 39,999.... 814 27,733,144.39 11.09
Between $40,000--$ 49,999.... 502 21,855,959.70 8.74
Between $50,000--$ 59,999.... 212 11,332,842.61 4.53
Between $60,000--$ 69,999.... 123 7,625,395.94 3.05
Between $70,000--$ 79,999.... 26 1,943,643.60 .78
Between $80,000--$ 89,999.... 25 2,135,645.99 .85
Between $90,000--$ 99,999.... 15 1,409,655.91 .56
Between $100,000--$109,999... 11 1,090,148.62 .44
Between $110,000--$119,999... 10 1,141,330.49 .46
Between $120,000--$129,999... 3 372,674.44 .15
Between $130,000--$139,999... 1 131,645.88 .05
Between $140,000--$149,999... 1 142,274.79 .06
Over $149,999................ 4 750,529.67 .30
------ --------------- ------
Total.................... 16,608 $249,986,833.13 100.00%
====== =============== ======
</TABLE>
CONTRACT RATES--HOME IMPROVEMENT CONTRACTS
<TABLE>
<CAPTION>
% OF
NUMBER OF SUB-POOL HI BY
CONTRACTS AGGREGATE PRINCIPAL OUTSTANDING PRINCIPAL
RANGE OF HOME IMPROVEMENT AS OF CUT- BALANCE OUTSTANDING BALANCE AS OF
CONTRACTS BY CONTRACT RATE OFF DATE AS OF CUT-OFF DATE CUT-OFF DATE
-------------------------- ---------- ------------------- ---------------------
<S> <C> <C> <C>
Less than 8.01%............. 3 $ 74,634.53 0.03%
From 8.01%-- 9.00%......... 77 2,933,223.19 1.17
From 9.01%--10.00%......... 1,745 30,488,981.37 12.20
From 10.01%--11.00%......... 1,607 32,877,886.09 13.15
From 11.01%--12.00%......... 1,774 31,410,143.47 12.56
From 12.01%--13.00%......... 2,763 40,031,420.93 16.01
From 13.01%--14.00%......... 3,311 46,150,233.36 18.46
From 14.01%--15.00%......... 3,226 40,348,337.51 16.14
From 15.01%--16.00%......... 1,728 19,351,902.73 7.74
From 16.01%--17.00%......... 297 4,765,264.65 1.91
Over 17.00%................. 77 1,554,805.30 .62
------ --------------- ------
Total................... 16,608 $249,986,833.13 100.00%
====== =============== ======
</TABLE>
3
<PAGE>
REMAINING MONTHS TO MATURITY--HOME IMPROVEMENT CONTRACTS
% OF
NUMBER OF SUB-POOL HI BY
MONTHS REMAINING TO CONTRACTS AGGREGATE PRINCIPAL OUTSTANDING PRINCIPAL
SCHEDULED MATURITY AS OF CUT- BALANCE OUTSTANDING BALANCE AS OF
AS OF CUT-OFF DATE OFF DATE AS OF CUT-OFF DATE CUT-OFF DATE
------------------- ---------- ------------------- ---------------------
Less than 31.............. 593 $ 1,574,239.34 .63%
31 to 60.................. 2,435 12,814,394.63 5.13
61 to 90.................. 1,900 12,979,909.61 5.19
91 to 120................. 4,014 42,776,871.79 17.11
121 to 150................ 261 2,652,777.79 1.06
151 to 180................ 2,817 51,181,465.06 20.47
181 to 210................ 42 795,172.83 .32
211 to 240................ 2,365 55,133,126.10 22.05
241 to 270................ 3 73,467.55 .03
271 to 300................ 2,178 70,005,408.43 28.00
------ --------------- ------
Total................. 16,608 $249,986,833.13 100.00%
====== =============== ======
4
<PAGE>
GEOGRAPHICAL DISTRIBUTION OF MORTGAGED PROPERTIES--GROUP I FIXED-RATE HOME
EQUITY CONTRACTS
<TABLE>
<CAPTION>
% OF
% OF GROUP I
GROUP I FIXED-RATE
FIXED-RATE HOME EQUITY
HOME EQUITY CONTRACTS BY
CONTRACTS AGGREGATE PRINCIPAL OUTSTANDING
NUMBER OF BY NUMBER OF BALANCE PRINCIPAL
CONTRACTS AS OF CONTRACTS AS OUTSTANDING AS OF BALANCE AS OF
CUT-OFF DATE OF CUT-OFF DATE CUT-OFF DATE CUT-OFF DATE
--------------- --------------- ------------------- -------------
<S> <C> <C> <C> <C>
Alabama................. 306 4.40% $ 16,525,707.84 4.01%
Arizona................. 91 1.31 5,266,964.28 1.28
Arkansas................ 73 1.05 4,338,784.82 1.05
California.............. 377 5.42 28,630,752.15 6.94
Colorado................ 133 1.91 9,182,334.06 2.23
Connecticut............. 77 1.11 5,942,334.20 1.44
Delaware................ 37 0.53 3,455,466.35 0.84
District of Columbia.... 11 0.16 612,379.61 0.15
Florida................. 294 4.22 15,675,238.98 3.80
Georgia................. 246 3.53 13,674,531.71 3.32
Idaho................... 48 0.69 2,034,290.39 0.49
Illinois................ 341 4.90 22,340,062.85 5.42
Indiana................. 230 3.30 12,681,321.22 3.07
Iowa.................... 125 1.80 7,570,440.12 1.84
Kansas.................. 119 1.71 6,640,262.33 1.61
Kentucky................ 122 1.75 6,626,031.51 1.61
Louisiana............... 216 3.10 10,791,050.22 2.62
Maine................... 5 0.07 218,500.00 0.05
Maryland................ 148 2.13 9,223,222.30 2.24
Massachusetts........... 87 1.25 6,186,982.10 1.50
Michigan................ 323 4.64 19,225,903.45 4.66
Minnesota............... 133 1.91 7,757,039.75 1.88
Mississippi............. 94 1.35 4,222,469.00 1.02
Missouri................ 208 2.99 12,208,177.46 2.96
Montana................. 16 0.23 1,438,216.07 0.35
Nebraska................ 65 0.93 3,578,197.89 0.87
Nevada.................. 64 0.92 5,170,354.46 1.25
New Hampshire........... 18 0.26 1,127,626.87 0.27
New Jersey.............. 119 1.71 7,709,850.16 1.87
New Mexico.............. 51 0.73 3,696,388.68 0.90
New York................ 218 3.13 15,039,657.86 3.65
North Carolina.......... 358 5.14 21,606,577.45 5.24
North Dakota............ 17 0.24 900,195.76 0.22
Ohio.................... 451 6.48 22,963,651.19 5.57
Oklahoma................ 51 0.73 2,388,519.03 0.58
Oregon.................. 52 0.75 3,115,239.99 0.76
Pennsylvania............ 336 4.83 19,526,610.23 4.73
Rhode Island............ 23 0.33 1,515,984.53 0.37
South Carolina.......... 195 2.80 10,969,553.37 2.66
South Dakota............ 23 0.33 1,449,014.82 0.35
Tennessee............... 148 2.13 8,479,000.77 2.06
Texas................... 371 5.33 17,269,693.98 4.19
Utah.................... 63 0.91 4,221,595.23 1.02
Vermont................. 6 0.09 278,097.24 0.07
Virginia................ 187 2.69 12,108,251.55 2.94
Washington.............. 93 1.34 5,620,728.86 1.36
West Virginia........... 31 0.45 1,901,360.63 0.46
Wisconsin............... 143 2.05 8,652,781.62 2.10
Wyoming................. 17 0.24 742,656.21 0.18
----- ------ --------------- ------
Total............... 6,960 100.00% $412,500,051.15 100.00%
===== ====== =============== ======
</TABLE>
5
<PAGE>
YEARS OF ORIGINATION--GROUP I FIXED-RATE HOME EQUITY CONTRACTS
% OF GROUP I
FIXED-RATE
NUMBER OF HOME EQUITY CONTRACTS BY
CONTRACTS AGGREGATE PRINCIPAL OUTSTANDING PRINCIPAL
AS OF CUT- BALANCE OUTSTANDING BALANCE AS OF
YEAR OF ORIGINATION OFF DATE AS OF CUT-OFF DATE CUT-OFF DATE
- ------------------- ---------- ------------------- ------------------------
1987................... 1 $ 14,054.92 .00%
1989................... 1 11,808.09 .00
1994................... 1 107,894.45 .03
1995................... 4 123,186.09 .03
1996................... 122 3,219,708.80 .78
1997................... 65 2,789,381.53 .68
1998................... 6,766 406,234,017.27 98.48
----- --------------- ------
Total.............. 6,960 $412,500,051.15 100.00%
===== =============== ======
DISTRIBUTION OF ORIGINAL CONTRACT AMOUNTS--GROUP I FIXED-RATE HOME EQUITY
CONTRACTS
% OF GROUP I
FIXED-RATE
NUMBER OF HOME EQUITY CONTRACTS BY
CONTRACTS AGGREGATE PRINCIPAL OUTSTANDING PRINCIPAL
ORIGINAL CONTRACT AS OF CUT- BALANCE OUTSTANDING BALANCE AS OF
AMOUNT (IN DOLLARS) OFF DATE AS OF CUT-OFF DATE CUT-OFF DATE
------------------- ---------- ------------------- ------------------------
Less than $ 10,000...... 10 $ 77,217.32 .02%
Between $ 10,000--
$ 19,999............... 971 14,284,463.15 3.46
Between $ 20,000--
$ 29,999............... 992 24,000,951.75 5.82
Between $ 30,000--
$ 39,999............... 797 27,365,930.67 6.63
Between $ 40,000--
$ 49,999............... 717 31,758,126.03 7.70
Between $ 50,000--
$ 59,999............... 697 38,183,505.72 9.26
Between $ 60,000--
$ 69,999............... 600 38,724,107.55 9.39
Between $ 70,000--
$ 79,999............... 505 37,629,312.41 9.12
Between $ 80,000--
$ 89,999............... 336 28,444,405.39 6.90
Between $ 90,000--
$ 99,999............... 275 26,126,318.38 6.33
Between $100,000--
$109,999............... 199 20,901,269.99 5.07
Between $110,000--
$119,999............... 197 22,618,100.53 5.48
Between $120,000--
$129,999............... 152 18,932,418.27 4.59
Between $130,000--
$139,999............... 120 16,182,181.82 3.92
Between $140,000--
$149,999............... 92 13,327,507.01 3.23
Between $150,000--
$159,999............... 70 10,778,726.10 2.61
Between $160,000--
$169,999............... 41 6,712,787.28 1.63
Between $170,000--
$179,999............... 54 9,398,720.13 2.28
Between $180,000--
$189,999............... 32 5,900,415.48 1.43
Between $190,000--
$199,999............... 40 7,821,813.30 1.90
Between $200,000--
$209,999............... 30 6,118,858.63 1.48
Between $210,000--
$219,999............... 20 4,311,858.49 1.05
Between $220,000--
$229,999............... 13 2,901,055.75 .70
----- --------------- ------
Total............... 6,960 $412,500,051.15 100.00%
===== =============== ======
6
<PAGE>
CONTRACT RATES--GROUP I FIXED-RATE HOME EQUITY CONTRACTS
<TABLE>
<CAPTION>
% OF GROUP I FIXED-RATE
NUMBER OF HOME EQUITY CONTRACTS BY
CONTRACTS AGGREGATE PRINCIPAL OUTSTANDING PRINCIPAL
RANGE OF HOME EQUITY AS OF CUT- BALANCE OUTSTANDING BALANCE AS OF
CONTRACTS BY CONTRACT RATE OFF DATE AS OF CUT-OFF DATE CUT-OFF DATE
- -------------------------- ---------- ------------------- -------------------------------
<S> <C> <C> <C>
Less than 7.001%........... 3 $ 218,819.61 .05%
From 7.001%-- 8.000%...... 29 3,196,677.19 .77
From 8.001%-- 9.000%...... 193 18,667,563.25 4.53
From 9.001%--10.000%...... 882 78,763,520.81 19.09
From 10.001%--11.000%...... 1,717 140,330,427.09 34.02
From 11.001%--12.000%...... 1,223 69,601,535.66 16.87
From 12.001%--13.000%...... 1,280 50,598,973.69 12.27
From 13.001%--14.000%...... 1,057 33,446,701.39 8.11
From 14.001%--15.000%...... 376 11,875,537.24 2.88
From 15.001%--16.000%...... 112 3,298,971.99 .80
From 16.001%--17.000%...... 63 1,724,670.33 .42
Over 17.000%............... 25 776,652.90 .19
----- --------------- ------
Total.................. 6,960 $412,500,051.15 100.00%
===== =============== ======
</TABLE>
REMAINING MONTHS TO MATURITY--GROUP I FIXED-RATE HOME EQUITY CONTRACTS
% OF GROUP I
FIXED-RATE
NUMBER OF HOME EQUITY CONTRACTS BY
MONTHS REMAINING TO CONTRACTS AGGREGATE PRINCIPAL OUTSTANDING PRINCIPAL
SCHEDULED MATURITY AS OF CUT- BALANCE OUTSTANDING BALANCE AS OF
AS OF CUT-OFF DATE OFF DATE AS OF CUT-OFF DATE CUT-OFF DATE
- ------------------- ---------- ------------------- ------------------------
31--60................. 60 $ 1,106,559.26 .27%
61--90................. 47 1,108,282.24 .27
91--120................ 445 12,441,523.16 3.02
121--150............... 64 2,376,185.05 .58
151--180............... 2,347 120,343,033.61 29.17
181--210............... 10 448,890.86 .11
211--240............... 2,082 125,353,877.26 30.39
241--270............... 6 365,300.00 .09
271--300............... 931 64,838,007.92 15.72
301--330............... 1 56,700.00 .01
331--360............... 967 84,061,691.79 20.38
----- --------------- ------
Total.............. 6,960 $412,500,051.15 100.00%
===== =============== ======
LIEN POSITION--GROUP I FIXED-RATE HOME EQUITY CONTRACTS
<TABLE>
<CAPTION>
% OF
GROUP I
FIXED-RATE % OF GROUP I
HOME EQUITY FIXED-RATE
NUMBER OF CONTRACTS BY HOME EQUITY CONTRACTS BY
CONTRACTS NUMBER OF AGGREGATE PRINCIPAL OUTSTANDING PRINCIPAL
AS OF CUT- CONTRACTS AS OF BALANCE OUTSTANDING BALANCE AS OF
OFF DATE CUT-OFF DATE AS OF CUT-OFF DATE CUT-OFF DATE
---------- --------------- ------------------- ------------------------
<S> <C> <C> <C> <C>
First................... 4,492 64.54% $347,514,564.60 84.25%
Second.................. 2,468 35.46 64,985,486.55 15.75
----- ------ --------------- ------
Total............... 6,960 100.00% $412,500,051.15 100.00%
===== ====== =============== ======
</TABLE>
7
<PAGE>
COMBINED LOAN-TO-VALUE RATIO--GROUP I FIXED-RATE HOME EQUITY CONTRACTS
<TABLE>
<CAPTION>
% OF GROUP I
FIXED-RATE
NUMBER OF HOME EQUITY CONTRACTS BY
CONTRACTS AGGREGATE PRINCIPAL OUTSTANDING PRINCIPAL
AS OF CUT- BALANCE OUTSTANDING BALANCE AS OF
COMBINED LOAN-TO-VALUE RATIO OFF DATE AS OF CUT-OFF DATE CUT-OFF DATE
- ---------------------------- ---------- ------------------- ------------------------
<S> <C> <C> <C>
From 0.00%-10.00%........... 3 $ 66,000.00 .02%
From 10.01%-20.00%.......... 22 466,191.92 .11
From 20.01%-30.00%.......... 47 1,085,608.21 .26
From 30.01%-40.00%.......... 46 1,359,798.06 .33
From 40.01%-50.00%.......... 115 4,525,351.72 1.10
From 50.01%-60.00%.......... 146 6,208,895.77 1.51
From 60.01%-70.00%.......... 263 13,040,456.01 3.16
From 70.01%-80.00%.......... 994 52,543,985.36 12.74
From 80.01%-90.00%.......... 2,392 147,881,774.90 35.85
Over 90.00%................. 2,932 185,321,989.20 44.93
----- --------------- ------
Total................... 6,960 $412,500,051.15 100.00%
===== =============== ======
</TABLE>
8
<PAGE>
GEOGRAPHICAL DISTRIBUTION OF MORTGAGED PROPERTIES-GROUP II FIXED-
RATE HOME EQUITY CONTRACTS
<TABLE>
<CAPTION>
% OF GROUP II
% OF GROUP II FIXED-RATE
FIXED-RATE HOME EQUITY
HOME EQUITY AGGREGATE CONTRACTS BY
CONTRACTS PRINCIPAL OUTSTANDING
NUMBER OF BY NUMBER OF BALANCE PRINCIPAL
CONTRACTS AS OF CONTRACTS AS OUTSTANDING AS BALANCE AS OF
CUT-OFF DATE OF CUT-OFF DATE OF CUT-OFF DATE CUT-OFF DATE
--------------- --------------- ------------------- -------------
<S> <C> <C> <C> <C>
Alabama................. 275 4.12% $14,021,540.70 3.40%
Arizona................. 88 1.32 4,468,074.36 1.08
Arkansas................ 45 0.67 2,779,057.04 0.67
California.............. 535 8.01 46,383,253.00 11.24
Colorado................ 134 2.01 8,928,439.65 2.16
Connecticut............. 62 0.93 5,795,970.04 1.41
Delaware................ 39 0.58 2,551,341.61 0.62
District of Columbia.... 10 0.15 772,455.67 0.19
Florida................. 279 4.18 14,264,963.33 3.46
Georgia................. 234 3.50 14,390,750.88 3.49
Idaho................... 27 0.40 1,382,673.16 0.34
Illinois................ 289 4.33 19,762,834.40 4.79
Indiana................. 192 2.87 9,260,119.44 2.24
Iowa.................... 123 1.84 6,042,807.37 1.46
Kansas.................. 130 1.95 8,094,884.33 1.96
Kentucky................ 87 1.30 4,455,483.70 1.08
Louisiana............... 204 3.05 9,831,782.94 2.38
Maine................... 8 0.12 518,760.66 0.13
Maryland................ 166 2.48 10,551,996.55 2.56
Massachusetts........... 92 1.38 6,319,340.21 1.53
Michigan................ 322 4.82 21,115,404.82 5.12
Minnesota............... 122 1.83 8,283,861.36 2.01
Mississippi............. 94 1.41 4,237,919.99 1.03
Missouri................ 174 2.60 9,602,241.37 2.33
Montana................. 11 0.16 398,582.40 0.10
Nebraska................ 59 0.88 3,416,373.71 0.83
Nevada.................. 62 0.93 4,846,087.18 1.17
New Hampshire........... 9 0.13 643,021.37 0.16
New Jersey.............. 117 1.75 9,712,942.86 2.35
New Mexico.............. 42 0.63 3,316,523.89 0.80
New York................ 224 3.35 14,594,075.27 3.54
North Carolina.......... 357 5.34 22,387,707.23 5.43
North Dakota............ 11 0.16 454,625.51 0.11
Ohio.................... 430 6.44 21,803,007.65 5.29
Oklahoma................ 46 0.69 2,206,240.11 0.53
Oregon.................. 49 0.73 2,437,384.27 0.59
Pennsylvania............ 314 4.70 19,727,411.13 4.78
Rhode Island............ 24 0.36 1,347,061.75 0.33
South Carolina.......... 155 2.32 9,364,454.39 2.27
South Dakota............ 26 0.39 1,248,776.11 0.30
Tennessee............... 118 1.77 5,910,651.54 1.43
Texas................... 297 4.44 14,271,229.81 3.46
Utah.................... 72 1.08 5,182,187.82 1.26
Vermont................. 6 0.09 259,925.00 0.06
Virginia................ 205 3.07 14,670,613.79 3.56
Washington.............. 121 1.81 7,994,897.90 1.94
West Virginia........... 21 0.31 1,336,902.41 0.32
Wisconsin............... 164 2.45 10,584,475.58 2.57
Wyoming................. 11 0.16 568,832.50 0.14
------- ------- ---------------- --------
Total............... 6,682 100.00% $412,499,947.76 100.00%
======= ======= ================ ========
</TABLE>
9
<PAGE>
YEARS OF ORIGINATION--GROUP II FIXED-RATE HOME EQUITY CONTRACTS
<TABLE>
<CAPTION>
% OF
GROUP II FIXED-RATE
NUMBER OF HOME EQUITY CONTRACTS BY
CONTRACTS AGGREGATE PRINCIPAL OUTSTANDING PRINCIPAL
AS OF CUT- BALANCE OUTSTANDING BALANCE AS OF
YEAR OF ORIGINATION OFF DATE AS OF CUT-OFF DATE CUT-OFF DATE
- ------------------- ---------- ------------------- ------------------------
<S> <C> <C> <C>
1995................... 8 $ 227,493.43 .06%
1996................... 115 3,157,553.90 .77
1997................... 78 2,332,440.91 .57
1998................... 6,481 406,782,459.52 98.61
----- --------------- ------
Total.............. 6,682 $412,499,947.76 100.00%
===== =============== ======
</TABLE>
DISTRIBUTION OF ORIGINAL CONTRACT AMOUNTS--GROUP II FIXED-RATE HOME
EQUITY CONTRACTS
<TABLE>
<CAPTION>
% OF
GROUP II FIXED-RATE
NUMBER OF HOME EQUITY CONTRACTS BY
CONTRACTS AGGREGATE PRINCIPAL OUTSTANDING PRINCIPAL
ORIGINAL CONTRACT AS OF CUT- BALANCE OUTSTANDING BALANCE AS OF
AMOUNT (IN DOLLARS) OFF DATE AS OF CUT-OFF DATE CUT-OFF DATE
------------------- ---------- ------------------- ------------------------
<S> <C> <C> <C>
Less than $10,000 ...... 8 $ 59,512.81 .01%
Between $ 10,000--
$ 19,999............... 987 14,329,842.37 3.47
Between $ 20,000--
$ 29,999............... 910 22,210,326.59 5.38
Between $ 30,000--
$ 39,999............... 748 25,790,205.01 6.25
Between $ 40,000--
$ 49,999............... 747 33,106,387.04 8.03
Between $ 50,000--
$ 59,999............... 678 36,997,652.13 8.97
Between $ 60,000--
$ 69,999............... 500 32,213,889.47 7.81
Between $ 70,000--
$ 79,999............... 426 31,807,030.68 7.71
Between $ 80,000--
$ 89,999............... 343 28,906,095.87 7.01
Between $ 90,000--
$ 99,999............... 277 26,228,761.70 6.36
Between $100,000--
$109,999............... 204 21,356,323.68 5.18
Between $110,000--
$119,999............... 173 19,878,729.77 4.82
Between $120,000--
$129,999............... 148 18,457,662.03 4.47
Between $130,000--
$139,999............... 103 13,876,311.36 3.36
Between $140,000--
$149,999............... 71 10,235,789.84 2.48
Between $150,000--
$159,999............... 55 8,510,213.96 2.06
Between $160,000--
$169,999............... 45 7,376,769.47 1.79
Between $170,000--
$179,999............... 36 6,236,165.06 1.51
Between $180,000--
$189,999............... 19 3,514,273.26 .85
Between $190,000--
$199,999............... 24 4,685,505.65 1.14
Between $200,000--
$209,999............... 25 5,126,075.82 1.24
Between $210,000--
$219,999............... 19 4,089,057.35 .99
Between $220,000--
$229,999............... 21 4,726,928.83 1.15
Between $230,000--
$239,999............... 13 3,045,616.02 .74
Between $240,000--
$249,999............... 12 2,907,790.60 .70
Between $250,000--
$299,999............... 56 14,998,119.25 3.64
Between $300,000--
$349,999............... 22 7,182,665.69 1.74
Between $350,000--
$399,999............... 8 2,898,846.45 .70
Between $400,000--
$449,999............... 2 816,400.00 .20
Between $450,000--
$499,999............... 2 931,000.00 .23
----- --------------- ------
Total............... 6,682 $412,499,947.76 100.00%
===== =============== ======
</TABLE>
10
<PAGE>
CONTRACT RATES--GROUP II FIXED-RATE HOME EQUITY CONTRACTS
<TABLE>
<CAPTION>
% OF GROUP II
FIXED-RATE
NUMBER OF HOME EQUITY CONTRACTS BY
CONTRACTS AGGREGATE PRINCIPAL OUTSTANDING PRINCIPAL
RANGE OF HOME EQUITY AS OF CUT- BALANCE OUTSTANDING BALANCE AS OF
CONTRACTS BY CONTRACT RATE OFF DATE AS OF CUT-OFF DATE CUT-OFF DATE
- -------------------------- ---------- ------------------- ------------------------
<S> <C> <C> <C>
Less than 7.001%.......... 3 $ 314,257.84 .08%
From 7.001%-- 8.000%..... 25 2,963,866.59 .72
From 8.001%-- 9.000%..... 167 19,555,519.68 4.74
From 9.001%--10.000%..... 769 75,648,892.92 18.34
From 10.001%--11.000%..... 1,561 134,775,766.04 32.67
From 11.001%--12.000%..... 1,138 69,226,375.37 16.78
From 12.001%--13.000%..... 1,309 55,042,328.44 13.34
From 13.001%--14.000%..... 1,090 36,785,404.79 8.92
From 14.001%--15.000%..... 418 12,352,768.18 2.99
From 15.001%--16.000%..... 108 3,298,797.77 .80
From 16.001%--17.000%..... 60 1,607,726.46 .39
Over 17.000%.............. 34 928,243.68 .23
----- --------------- ------
Total................. 6,682 $412,499,947.76 100.00%
===== =============== ======
</TABLE>
REMAINING MONTHS TO MATURITY--GROUP II FIXED-RATE HOME EQUITY CONTRACTS
<TABLE>
<CAPTION>
% OF GROUP II
FIXED-RATE
NUMBER OF HOME EQUITY CONTRACTS BY
MONTHS REMAINING TO CONTRACTS AGGREGATE PRINCIPAL OUTSTANDING PRINCIPAL
SCHEDULED MATURITY AS OF CUT- BALANCE OUTSTANDING BALANCE AS OF
AS OF CUT-OFF DATE OFF DATE AS OF CUT-OFF DATE CUT-OFF DATE
------------------- ---------- ------------------- ------------------------
<S> <C> <C> <C>
Less than 31........... 2 $ 77,842.41 .02%
31--60................. 43 899,925.81 .22
61--90................. 48 1,259,081.13 .31
91--120................ 402 11,911,473.08 2.89
121--150............... 61 2,185,203.11 .53
151--180............... 2,462 124,071,204.10 30.08
181--210............... 13 567,610.67 .14
211--240............... 1,942 123,970,136.73 30.05
241--270............... 2 74,149.09 .02
271--300............... 856 59,142,141.91 14.34
301--330............... 2 330,572.32 .08
331--360............... 849 88,010,607.40 21.34
----- --------------- ------
Total.............. 6,682 $412,499,947.76 100.00%
===== =============== ======
</TABLE>
LIEN POSITION--GROUP II FIXED-RATE HOME EQUITY CONTRACTS
<TABLE>
<CAPTION>
% OF GROUP II
FIXED-RATE % OF GROUP II
HOME EQUITY FIXED-RATE
NUMBER OF CONTRACTS BY HOME EQUITY CONTRACTS BY
CONTRACTS NUMBER OF AGGREGATE PRINCIPAL OUTSTANDING PRINCIPAL
AS OF CUT- CONTRACTS AS OF BALANCE OUTSTANDING BALANCE AS OF
OFF DATE CUT-OFF DATE AS OF CUT-OFF DATE CUT-OFF DATE
---------- --------------- ------------------- ------------------------
<S> <C> <C> <C> <C>
First................... 3,841 57.48% $320,767,563.84 77.76%
Second.................. 2,802 41.93 90,831,523.65 22.02
Third................... 39 .58 900,860.27 .22
----- ------ --------------- ------
Total............... 6,682 100.00% $412,499,947.76 100.00%
===== ====== =============== ======
</TABLE>
11
<PAGE>
COMBINED LOAN-TO-VALUE RATIO--GROUP II FIXED-RATE HOME EQUITY CONTRACTS
<TABLE>
<CAPTION>
% OF GROUP II
FIXED-RATE
NUMBER OF HOME EQUITY CONTRACTS BY
CONTRACTS AGGREGATE PRINCIPAL OUTSTANDING PRINCIPAL
AS OF CUT- BALANCE OUTSTANDING BALANCE AS OF
COMBINED LOAN-TO-VALUE RATIO OFF DATE AS OF CUT-OFF DATE CUT-OFF DATE
- ---------------------------- ---------- ------------------- ------------------------
<S> <C> <C> <C>
From 0.00%-10.00%........... 4 $ 164,544.89 .04%
From 10.01%-20.00%.......... 20 479,663.23 .12
From 20.01%-30.00%.......... 35 839,155.18 .20
From 30.01%-40.00%.......... 48 1,541,044.89 .37
From 40.01%-50.00%.......... 92 3,558,529.30 .86
From 50.01%-60.00%.......... 123 5,353,732.57 1.30
From 60.01%-70.00%.......... 243 11,755,827.99 2.85
From 70.01%-80.00%.......... 825 48,008,434.95 11.64
From 80.01%-90.00%.......... 2,162 136,863,568.16 33.18
Over 90.00%................. 3,130 203,935,446.60 49.44
----- --------------- ------
Total................... 6,682 $412,499,947.76 100.00%
===== =============== ======
</TABLE>
12
<PAGE>
GEOGRAPHICAL DISTRIBUTION OF MORTGAGED PROPERTIES--ADJUSTABLE RATE HOME EQUITY
CONTRACTS
<TABLE>
<CAPTION>
% OF
% OF ADJUSTABLE
ADJUSTABLE RATE HOME
RATE HOME EQUITY CONTRACTS
EQUITY CONTRACTS AGGREGATE PRINCIPAL BY OUTSTANDING
NUMBER OF BY NUMBER OF BALANCE PRINCIPAL
CONTRACTS AS OF CONTRACTS AS OUTSTANDING AS OF BALANCE AS OF
CUT-OFF DATE OF CUT-OFF DATE CUT-OFF DATE CUT-OFF DATE
- ------------------------ --------------- ----------------- ------------------- -----------------
<S> <C> <C> <C> <C>
Alabama................. 94 4.12% $ 8,903,106.68 3.24%
Arizona................. 68 2.98 8,382,635.22 3.05
Arkansas................ 3 0.13 402,088.23 0.15
California.............. 188 8.24 33,900,211.75 12.33
Colorado................ 72 3.16 9,827,737.30 3.57
Connecticut............. 9 0.39 1,057,436.34 0.38
Delaware................ 2 0.09 247,327.12 0.09
District of Columbia.... 7 0.31 922,226.54 0.34
Florida................. 93 4.08 9,192,721.88 3.34
Georgia................. 87 3.81 10,682,782.76 3.88
Idaho................... 12 0.53 1,206,473.98 0.44
Illinois................ 109 4.78 13,266,130.55 4.82
Indiana................. 84 3.68 7,921,126.57 2.88
Iowa.................... 14 0.61 1,164,667.67 0.42
Kansas.................. 15 0.66 1,855,508.15 0.67
Kentucky................ 38 1.67 3,671,899.47 1.34
Louisiana............... 20 0.88 1,907,507.29 0.69
Maine................... 12 0.53 1,169,037.75 0.43
Maryland................ 189 8.29 30,417,334.23 11.06
Massachusetts........... 55 2.41 6,404,033.57 2.33
Michigan................ 41 1.80 4,880,829.61 1.77
Minnesota............... 16 0.70 1,563,956.97 0.57
Mississippi............. 5 0.22 482,032.75 0.18
Missouri................ 30 1.32 2,276,208.60 0.83
Montana................. 5 0.22 405,167.11 0.15
Nebraska................ 2 0.09 155,438.78 0.06
Nevada.................. 21 0.92 3,181,005.22 1.16
New Hampshire........... 15 0.66 1,719,447.38 0.63
New Jersey.............. 20 0.88 2,731,537.18 0.99
New Mexico.............. 14 0.61 1,492,080.04 0.54
New York................ 28 1.23 3,564,783.40 1.30
North Carolina.......... 158 6.93 15,892,909.75 5.78
North Dakota............ 3 0.13 188,505.47 0.07
Ohio.................... 160 7.01 14,281,375.82 5.19
Oklahoma................ 6 0.26 346,645.02 0.13
Oregon.................. 34 1.49 4,093,963.55 1.49
Pennsylvania............ 63 2.76 7,328,002.15 2.66
Rhode Island............ 18 0.79 1,847,186.89 0.67
South Carolina.......... 46 2.02 3,645,277.46 1.33
Tennessee............... 59 2.59 6,010,014.50 2.19
Texas................... 99 4.34 11,267,173.97 4.10
Utah.................... 52 2.28 6,066,899.19 2.21
Vermont................. 1 0.04 213,213.39 0.08
Virginia................ 66 2.89 10,573,365.26 3.84
Washington.............. 101 4.43 13,968,939.47 5.08
West Virginia........... 4 0.18 325,847.25 0.12
Wisconsin............... 42 1.84 3,904,356.22 1.42
Wyoming................. 1 0.04 88,446.14 .03
----- ------ --------------- ------
Total............... 2,281 100.00% $274,996,601.59 100.00%
===== ====== =============== ======
</TABLE>
13
<PAGE>
YEARS OF ORIGINATION--ADJUSTABLE RATE HOME EQUITY CONTRACTS
<TABLE>
<CAPTION>
% OF
ADJUSTABLE RATE
HOME EQUITY
NUMBER OF CONTRACTS BY
CONTRACTS AGGREGATE PRINCIPAL OUTSTANDING PRINCIPAL
AS OF CUT- BALANCE OUTSTANDING BALANCE AS OF
YEAR OF ORIGINATION OFF DATE AS OF CUT-OFF DATE CUT-OFF DATE
- ------------------- ---------- ------------------- ---------------------
<S> <C> <C> <C>
1997...................... 7 $ 855,364.50 .31%
1998...................... 2,274 274,141,237.09 99.69
----- --------------- ------
Total................. 2,281 $274,996,601.59 100.00%
===== =============== ======
</TABLE>
DISTRIBUTION OF ORIGINAL CONTRACT AMOUNTS--ADJUSTABLE RATE HOME EQUITY
CONTRACTS
<TABLE>
<CAPTION>
% OF
ADJUSTABLE RATE
HOME EQUITY
NUMBER OF CONTRACTS BY
CONTRACTS AGGREGATE PRINCIPAL OUTSTANDING PRINCIPAL
ORIGINAL CONTRACT AMOUNT AS OF CUT- BALANCE OUTSTANDING BALANCE AS OF
(IN DOLLARS) OFF DATE AS OF CUT-OFF DATE CUT-OFF DATE
------------------------ ---------- ------------------- ---------------------
<S> <C> <C> <C>
Between $20,000--
$ 29,999................. 14 $ 377,509.62 .14%
Between $30,000--
$ 39,999................. 29 1,035,599.87 .38
Between $40,000--
$ 49,999................. 73 3,341,351.98 1.22
Between $50,000--
$ 59,999................. 126 6,985,358.66 2.54
Between $60,000--
$ 69,999................. 200 12,910,543.99 4.69
Between $70,000--
$ 79,999................. 208 15,548,183.83 5.65
Between $80,000--
$ 89,999................. 190 16,009,220.88 5.82
Between $90,000--
$ 99,999................. 164 15,574,973.11 5.66
Between $100,000--
$109,999................. 167 17,486,169.79 6.36
Between $110,000--
$119,999................. 179 20,595,928.26 7.49
Between $120,000--
$129,999................. 146 18,089,056.25 6.58
Between $130,000--
$139,999................. 128 17,256,721.23 6.28
Between $140,000--
$149,999................. 97 13,983,061.01 5.08
Between $150,000--
$159,999................. 84 12,993,684.44 4.73
Between $160,000--
$169,999................. 66 10,789,243.18 3.92
Between $170,000--
$179,999................. 61 10,653,527.73 3.87
Between $180,000--
$189,999................. 48 8,848,462.11 3.22
Between $190,000--
$199,999................. 39 7,589,615.25 2.76
Between $200,000--
$209,999................. 40 8,155,367.62 2.97
Between $210,000--
$219,999................. 48 10,306,600.80 3.75
Between $220,000--
$229,999................. 35 7,833,643.26 2.85
Between $230,000--
$239,999................. 21 4,936,293.99 1.80
Between $240,000--
$249,999................. 19 4,628,438.51 1.68
Between $250,000--
$299,999................. 67 18,174,396.31 6.61
Between $300,000--
$349,999................. 22 7,017,492.09 2.55
Between $350,000--
$399,999................. 6 2,193,428.60 .80
Between $400,000--
$449,999................. 4 1,682,729.22 .61
----- --------------- ------
Total................. 2,281 $274,996,601.59 100.00%
===== =============== ======
</TABLE>
CURRENT CONTRACT RATES--ADJUSTABLE RATE HOME EQUITY CONTRACTS
<TABLE>
<CAPTION>
% OF
ADJUSTABLE RATE
HOME EQUITY
NUMBER OF CONTRACTS BY
CONTRACTS AGGREGATE PRINCIPAL OUTSTANDING PRINCIPAL
RANGE OF CONTRACTS BY AS OF CUT- BALANCE OUTSTANDING BALANCE AS OF
CONTRACT RATE OFF DATE AS OF CUT-OFF DATE CUT-OFF DATE
---------------------- ---------- ------------------- ---------------------
<S> <C> <C> <C>
Less than 7.001%.......... 8 $ 1,120,857.50 .41%
From 7.001%--8.000%...... 305 45,201,888.22 16.44
From 8.001%--9.000%...... 825 106,807,846.09 38.84
From 9.001%--10.000%..... 720 79,141,501.86 28.78
From 10.001%--11.000%..... 327 34,844,559.34 12.67
From 11.001%--12.000%..... 81 7,057,745.36 2.57
From 12.001%--13.000%..... 13 675,547.04 .25
From 13.001%--14.000%..... 2 146,656.18 .05
----- --------------- ------
Total................. 2,281 $274,996,601.59 100.00%
===== =============== ======
</TABLE>
14
<PAGE>
REMAINING MONTHS TO MATURITY--ADJUSTABLE RATE HOME EQUITY CONTRACTS
<TABLE>
<CAPTION>
% OF
ADJUSTABLE RATE HOME
NUMBER OF EQUITY CONTRACTS BY
MONTHS REMAINING TO CONTRACTS AGGREGATE PRINCIPAL OUTSTANDING PRINCIPAL
SCHEDULED MATURITY AS OF CUT- BALANCE OUTSTANDING BALANCE AS OF
AS OF CUT-OFF DATE OFF DATE AS OF CUT-OFF DATE CUT-OFF DATE
------------------- ---------- ------------------- ---------------------
<S> <C> <C> <C>
Less than 346............. 7 $ 610,942.73 .22%
346-360................... 2,274 274,385,658.86 99.78
----- --------------- ------
Total................. 2,281 $274,996,601.59 100.00%
===== =============== ======
</TABLE>
LIEN POSITION--ADJUSTABLE RATE HOME EQUITY CONTRACTS
<TABLE>
<CAPTION>
% OF
ADJUSTABLE
RATE HOME % OF
EQUITY ADJUSTABLE RATE HOME
NUMBER OF CONTRACTS BY EQUITY CONTRACTS BY
CONTRACTS NUMBER OF AGGREGATE PRINCIPAL OUTSTANDING PRINCIPAL
AS OF CUT- CONTRACTS AS OF BALANCE OUTSTANDING BALANCE AS OF
OFF DATE CUT-OFF DATE AS OF CUT-OFF DATE CUT-OFF DATE
---------- --------------- ------------------- ---------------------
<S> <C> <C> <C> <C>
First................... 2,281 100.00% $274,996,601.59 100.00%
----- ------ --------------- ------
Total............... 2,281 100.00% $274,996,601.59 100.00%
===== ====== =============== ======
</TABLE>
LOAN-TO-VALUE RATIO--ADJUSTABLE RATE HOME EQUITY CONTRACTS
<TABLE>
<CAPTION>
% OF
ADJUSTABLE RATE HOME
NUMBER OF EQUITY CONTRACTS BY
CONTRACTS AGGREGATE PRINCIPAL OUTSTANDING PRINCIPAL
AS OF CUT- BALANCE OUTSTANDING BALANCE AS OF
LOAN-TO-VALUE RATIO OFF DATE AS OF CUT-OFF DATE CUT-OFF DATE
- ------------------- ---------- ------------------- ---------------------
<S> <C> <C> <C>
From 20.01% to 30.00%..... 1 $ 24,966.54 .01%
From 30.01% to 40.00%..... 3 475,917.05 .17
From 40.01% to 50.00%..... 9 580,847.10 .21
From 50.01% to 60.00%..... 20 1,821,798.73 .66
From 60.01% to 70.00%..... 28 2,435,573.20 .89
From 70.01% to 80.00%..... 424 47,914,701.84 17.42
From 80.01% to 90.00%..... 1,152 137,076,051.67 49.85
Over 90.00%............... 644 84,666,745.46 30.79
----- --------------- ------
Total................. 2,281 $274,996,601.59 100.00%
===== =============== ======
</TABLE>
15
<PAGE>
MONTH OF NEXT RATE ADJUSTMENT--ADJUSTABLE RATE HOME EQUITY CONTRACTS
<TABLE>
<CAPTION>
% OF
ADJUSTABLE RATE
NUMBER OF HOME EQUITY CONTRACTS
CONTRACTS AGGREGATE PRINCIPAL BY OUTSTANDING PRINCIPAL
AS OF CUT- BALANCE OUTSTANDING BALANCE AS OF
MONTH OF NEXT RATE ADJUSTMENT OFF DATE AS OF CUT-OFF DATE CUT-OFF DATE
- ----------------------------- ---------- ------------------- ------------------------
<S> <C> <C> <C>
December 1998............... 1 $ 63,626.36 .02%
January 1999................ 2 211,363.04 .08
February 1999............... 4 449,392.55 .16
March 1999.................. 2 303,704.20 .11
May 1999.................... 2 75,312.37 .03
July 1999................... 1 74,283.42 .03
August 1999................. 2 191,838.86 .07
October 1999................ 1 162,988.71 .06
December 1999............... 1 49,910.38 .02
January 2000................ 2 325,315.89 .12
February 2000............... 5 566,512.06 .21
March 2000.................. 15 1,561,432.60 .57
April 2000.................. 33 3,848,153.36 1.40
May 2000.................... 79 9,287,110.80 3.38
June 2000................... 174 19,766,728.09 7.19
July 2000................... 347 42,964,104.97 15.62
August 2000................. 624 76,607,125.94 27.86
September 2000.............. 681 83,548,271.28 30.38
October 2000................ 226 26,531,993.69 9.65
November 2000............... 22 2,448,626.68 .89
February 2001............... 1 58,788.69 .02
March 2001.................. 1 78,102.33 .03
June 2001................... 3 310,508.85 .11
July 2001................... 2 168,478.92 .06
August 2001................. 28 2,983,770.70 1.09
September 2001.............. 21 2,287,307.09 .83
October 2001................ 1 71,849.76 .03
----- --------------- ------
Total................... 2,281 $274,996,601.59 100.00%
===== =============== ======
</TABLE>
16
<PAGE>
DISTRIBUTION OF GROSS MARGIN--ADJUSTABLE RATE HOME EQUITY CONTRACTS
<TABLE>
<CAPTION>
% OF
ADJUSTABLE RATE
NUMBER OF HOME EQUITY CONTRACTS
CONTRACTS AGGREGATE PRINCIPAL BY OUTSTANDING PRINCIPAL
AS OF CUT- BALANCE OUTSTANDING BALANCE AS OF
GROSS MARGIN OFF DATE AS OF CUT-OFF DATE CUT-OFF DATE
- ------------ ---------- ------------------- ------------------------
<S> <C> <C> <C>
4.250 to 4.499%........ 7 $ 900,728.43 .33%
4.500 to 4.749%........ 2 242,900.00 .09
4.750 to 4.999%........ 12 1,168,363.12 .42
5.000 to 5.249%........ 67 7,493,517.77 2.72
5.250 to 5.499%........ 86 9,970,495.24 3.63
5.500 to 5.749%........ 211 25,115,520.30 9.13
5.750 to 5.999%........ 322 40,780,877.72 14.83
6.000 to 6.249%........ 375 48,521,896.39 17.64
6.250 to 6.499%........ 250 28,861,341.41 10.50
6.500 to 6.749%........ 198 22,068,653.41 8.03
6.750 to 6.999%........ 273 36,587,691.33 13.30
7.000 to 7.249%........ 218 27,632,901.35 10.05
7.250 to 7.499%........ 67 6,714,512.66 2.44
7.500 to 7.749%........ 55 5,588,999.60 2.03
7.750 to 7.999%........ 38 3,847,403.04 1.40
8.000 to 8.249%........ 28 2,909,616.07 1.06
8.250 to 8.499%........ 14 1,486,477.03 .54
8.500 to 8.749%........ 19 1,656,266.40 .60
8.750 to 8.999%........ 11 1,143,494.19 .42
9.000 to 9.249%........ 12 1,006,478.91 .37
9.250 to 9.499%........ 3 298,646.30 .11
9.500 to 9.749%........ 1 57,049.99 .02
9.750 to 9.999%........ 3 154,274.31 .06
Over 9.999%............ 9 788,496.62 .29
--- --------------- ------
Total.............. 2,281 $274,996,601.59 100.00%
=== =============== ======
</TABLE>
17
<PAGE>
MAXIMUM CONTRACT RATES--ADJUSTABLE RATE HOME EQUITY CONTRACTS
<TABLE>
<CAPTION>
% OF
INITIAL
ADJUSTABLE RATE
NUMBER OF HOME EQUITY CONTRACTS
CONTRACTS AGGREGATE PRINCIPAL BY OUTSTANDING PRINCIPAL
AS OF CUT- BALANCE OUTSTANDING BALANCE AS OF
MAXIMUM CONTRACT RATES OFF DATE AS OF CUT-OFF DATE CUT-OFF DATE
- ---------------------- ---------- ------------------- ------------------------
<S> <C> <C> <C>
Less than 13.000....... 33 $ 3,935,613.38 1.43%
13.000 to 13.249....... 4 670,160.48 0.24
13.250 to 13.499....... 4 511,088.30 0.19
13.500 to 13.749....... 37 5,866,365.04 2.13
13.750 to 13.999....... 215 31,086,489.28 11.30
14.000 to 14.249....... 28 3,121,182.09 1.13
14.250 to 14.499....... 114 14,453,917.05 5.26
14.500 to 14.749....... 199 26,347,001.90 9.58
14.750 to 14.999....... 355 45,976,147.25 16.72
15.000 to 15.249....... 107 12,632,829.88 4.59
15.250 to 15.499....... 220 26,307,353.75 9.57
15.500 to 15.749....... 168 18,820,036.00 6.84
15.750 to 15.999....... 206 23,781,397.44 8.65
16.000 to 16.249....... 70 7,155,532.43 2.60
16.250 to 16.499....... 114 12,347,470.18 4.49
16.500 to 16.749....... 90 9,839,088.05 3.58
16.750 to 16.999....... 144 15,328,589.13 5.57
17.000 to 17.249....... 39 3,782,586.55 1.38
17.250 to 17.499....... 42 4,340,571.21 1.58
17.500 to 17.749....... 35 3,477,478.93 1.26
17.750 to 17.999....... 25 2,648,732.63 0.96
18.000 to 18.249....... 6 570,524.34 0.21
18.250 to 18.499....... 6 426,069.93 0.15
18.500 to 18.749....... 7 436,940.19 0.16
18.750 to 18.999....... 4 467,372.10 0.17
19.000 to 19.249....... 3 207,376.18 0.08
19.250 to 19.499....... 2 91,470.47 0.03
19.500 to 19.749....... 2 202,300.00 0.07
19.750 to 19.999....... 2 164,917.43 0.06
----- --------------- -------
Total.............. 2,281 $274,996,601.59 100.00
===== =============== =======
</TABLE>
18
<PAGE>
MINIMUM CONTRACT RATES--ADJUSTABLE RATE HOME EQUITY CONTRACTS
<TABLE>
<CAPTION>
% OF
ADJUSTABLE RATE
NUMBER OF HOME EQUITY CONTRACTS
CONTRACTS AGGREGATE PRINCIPAL BY OUTSTANDING PRINCIPAL
AS OF CUT- BALANCE OUTSTANDING BALANCE AS OF
MINIMUM CONTRACT RATES OFF DATE AS OF CUT-OFF DATE CUT-OFF DATE
- ---------------------- ---------- ------------------- ------------------------
<S> <C> <C> <C>
Less than 7.250%...... 33 $ 3,848,575.62 1.40%
7.250 to 7.499%...... 7 1,005,850.00 .37
7.500 to 7.749%...... 41 6,691,707.76 2.43
7.750 to 7.999%...... 257 37,656,299.01 13.69
8.000 to 8.249%...... 35 4,019,407.49 1.46
8.250 to 8.499%...... 156 20,938,313.18 7.61
8.500 to 8.749%...... 218 28,216,712.70 10.26
8.750 to 8.999%...... 380 48,628,536.90 17.68
9.000 to 9.249%...... 115 14,114,881.08 5.13
9.250 to 9.499%...... 206 22,863,591.09 8.31
9.500 to 9.749%...... 183 19,949,608.03 7.25
9.750 to 9.999%...... 214 23,184,569.12 8.43
10.000 to 10.249%...... 68 6,683,066.02 2.43
10.250 to 10.499%...... 99 11,243,797.74 4.09
10.500 to 10.749%...... 80 8,156,532.15 2.97
10.750 to 10.999%...... 88 9,260,258.88 3.37
11.000 to 11.249%...... 23 2,240,292.96 .81
11.250 to 11.499%...... 31 2,158,745.23 .79
11.500 to 11.749%...... 15 1,585,903.69 .58
11.750 to 11.999%...... 16 1,698,225.14 .62
12.000 to 12.249%...... 5 297,194.34 .11
12.250 to 12.499%...... 4 209,888.57 .08
12.500 to 12.749%...... 5 233,411.97 .08
12.750 to 12.999%...... 1 63,554.60 .02
13.000 to 13.249%...... 1 47,678.32 .02
--- --------------- ------
Total................ 2,281 $274,996,601.59 100.00%
===== =============== ======
</TABLE>
19
