<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): August 26, 1999
GREEN TREE FINANCIAL CORPORATION
as originator of
Home Equity Loan Trust 1999-D
-----------------------------
(Exact name of registrant as specified in its charter)
Delaware 333-75623 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 August 26, 1999, the Registrant sold approximately
$465,000,000 of Certificates for Home Equity Loans, Series 1999-D
(the "Certificates"), evidencing beneficial ownership interests
in Home Equity Loan Trust 1999-D (the "Trust"). The Trust
property consists primarily of a pool consisting of a pool of
closed-end home equity loans (the "Loans"), including the right
to receive payments due on the Loans on and after the applicable
Cut-off Date as described in the Pooling and Servicing Agreement
dated as of August 1, 1999.
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 August 26, 1999, the Registrant sold
approximately $465,000,000 of Certificates
for Home Equity Loans, Series 1999-D (the
"Certificates"), evidencing beneficial
ownership interests in Home Equity Loan
Trust 1999-D (the "Trust"). The Trust
property consists primarily of a pool
consisting of a pool of closed-end home
equity loans (the "Loans"), including the
right to receive payments due on the Loans
on and after the applicable Cut-off Date
as described in the Pooling and Servicing
Agreement dated as of August 1, 1999.
Filed herewith as Exhibit 99 are tables
providing information with respect to the
Subsequent Loans and the Loans in the
aggregate, similar to the information
provided with respect to the Initial
Contracts in the Prospectus Supplement
dated August 13, 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-D
By: /s/ Phyllis A. Knight
-----------------------------------
Phyllis A. Knight
Senior Vice President and Treasurer
4
<PAGE>
INDEX TO EXHIBITS
Exhibit Number Page
- -------------- ----
99 On August 26, 1999, the Registrant sold Filed Electronically
approximately $465,000,000 of Certificates
for Home Equity Loans, Series 1999-D (the
"Certificates"), evidencing beneficial
ownership interests in Home Equity Loan
Trust 1999-D (the "Trust"). The Trust
property consists primarily of a pool
consisting of a pool of closed-end home
equity loans (the "Loans"), including the
right to receive payments due on the Loans
on and after the applicable Cut-off Date
as described in the Pooling and Servicing
Agreement dated as of August 1, 1999.
Filed herewith as Exhibit 99 are tables
providing information with respect to the
Subsequent Loans and the Loans in the
aggregate, similar to the information
provided with respect to the Initial
Contracts in the Prospectus Supplement
dated August 13, 1999. Capitalized terms
used herein and not defined have the
meaning assigned in the Pooling and
Servicing Agreement.
5
<PAGE>
EXHIBIT 99
$465,000,000 (APPROXIMATE)
CERTIFICATES FOR HOME EQUITY LOANS
SERIES 1999-D
INFORMATION REGARDING CERTAIN SUBSEQUENT LOANS
Set forth below is information regarding home equity loans transferred to the
Trust or identified for inclusion in the Trust on the Closing Date. The
information below relates to both the Loans described in the Prospectus
Supplement dated August 13, 1999 and the Subsequent Loans. Unless otherwise
defined herein, all capitalized terms have the meanings set forth in the
Prospectus Supplement.
<PAGE>
GEOGRAPHICAL DISTRIBUTION OF MORTGAGED PROPERTIES--
SUBSEQUENT LOANS
<TABLE>
<CAPTION>
% OF SUBSEQUENT
% OF SUBSEQUENT LOANS BY
LOANS AGGREGATE PRINCIPAL OUTSTANDING
NUMBER OF BY NUMBER OF BALANCE PRINCIPAL
LOANS AS OF LOANS AS OUTSTANDING AS OF BALANCE AS OF
STATE CUT-OFF DATE OF CUT-OFF DATE CUT-OFF DATE CUT-OFF DATE
- ----- --------------- --------------- ------------------- -------------
<S> <C> <C> <C> <C>
Alabama................. 127 2.92 $ 7,259,181.34 2.90%
Arizona................. 106 2.44 5,209,773.15 2.08
Arkansas................ 82 1.89 3,166,889.07 1.27
California.............. 239 5.50 18,459,357.20 7.38
Colorado................ 128 2.95 7,164,177.42 2.87
Connecticut............. 56 1.29 4,383,437.21 1.75
Delaware................ 13 0.30 726,004.30 0.29
District of Columbia.... 8 0.18 462,595.30 0.19
Florida................. 217 5.00 12,717,943.56 5.09
Georgia................. 101 2.33 5,852,147.18 2.34
Idaho................... 18 0.41 829,799.00 0.33
Illinois................ 266 6.13 14,388,824.29 5.76
Indiana................. 149 3.43 7,768,273.38 3.11
Iowa.................... 48 1.11 2,127,871.90 0.85
Kansas.................. 57 1.31 2,721,956.26 1.09
Kentucky................ 69 1.59 4,357,315.01 1.74
Louisiana............... 97 2.23 5,178,204.76 2.07
Maine................... 10 0.23 623,496.23 0.25
Maryland................ 91 2.10 5,776,313.05 2.31
Massachusetts........... 52 1.20 3,450,383.66 1.38
Michigan................ 268 6.17 16,894,232.85 6.76
Minnesota............... 88 2.03 4,933,943.33 1.97
Mississippi............. 47 1.08 2,455,631.43 0.98
Missouri................ 151 3.48 8,489,728.47 3.40
Montana................. 13 0.30 536,378.20 0.21
Nebraska................ 38 0.88 2,371,741.43 0.95
Nevada.................. 33 0.76 2,202,181.88 0.88
New Hampshire........... 6 0.14 476,100.00 0.19
New Jersey.............. 67 1.54 5,208,168.75 2.08
New Mexico.............. 17 0.39 893,389.08 0.36
New York................ 139 3.20 9,069,758.73 3.63
North Carolina.......... 151 3.48 8,439,983.92 3.38
North Dakota............ 4 0.09 338,100.00 0.14
Ohio.................... 307 7.07 16,294,615.70 6.52
Oklahoma................ 54 1.24 2,775,910.71 1.11
Oregon.................. 34 0.78 1,887,314.92 0.75
Pennsylvania............ 170 3.92 9,148,542.46 3.66
Rhode Island............ 17 0.39 1,164,075.74 0.47
South Carolina.......... 74 1.70 4,387,887.43 1.76
South Dakota............ 15 0.35 958,465.70 0.38
Tennessee............... 87 2.00 5,920,221.01 2.37
Texas................... 257 5.92 10,400,188.69 4.16
Utah.................... 34 0.78 2,337,231.86 0.93
Vermont................. 2 0.05 175,000.00 0.07
Virginia................ 133 3.06 8,188,873.76 3.28
Washington.............. 81 1.87 4,999,300.71 2.00
West Virginia........... 25 0.58 1,279,588.32 0.51
Wisconsin............... 83 1.91 4,245,920.08 1.70
Wyoming................. 13 0.30 896,700.00 0.36
----- ------ --------------- ------
Total............... 4,342 100.00% $249,993,118.43 100.00%
===== ====== =============== ======
</TABLE>
<PAGE>
YEARS OF ORIGINATION--SUBSEQUENT LOANS
<TABLE>
<CAPTION>
% of Subsequent
Number of Loans by
Loans 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............... 16 $ 314,821.60 0.13%
1998............... 236 12,888,541.35 5.16
1999............... 4,090 236,789,755.48 94.72
----- --------------- ------
Total.......... 4,342 $249,993,118.43 100.00%
===== =============== ======
</TABLE>
DISTRIBUTION OF ORIGINAL CONTRACT AMOUNTS--SUBSEQUENT LOANS
<TABLE>
<CAPTION>
% of Subsequent
Number of Loans by
Loans 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 $10,000.00..................... 15 $ 126,915.61 0.05%
$ 10,000.00 to $ 19,999.99............... 822 11,944,504.90 4.78
$ 20,000.00 to $ 29,999.99............... 657 15,942,603.96 6.38
$ 30,000.00 to $ 39,999.99............... 449 15,419,465.10 6.17
$ 40,000.00 to $ 49,999.99............... 408 18,130,596.66 7.25
$ 50,000.00 to $ 59,999.99............... 380 20,665,585.87 8.27
$ 60,000.00 to $ 69,999.99............... 313 20,180,307.54 8.07
$ 70,000.00 to $ 79,999.99............... 288 21,382,392.11 8.55
$ 80,000.00 to $ 89,999.99............... 201 16,906,517.04 6.76
$ 90,000.00 to $ 99,999.99............... 174 16,449,263.79 6.58
$100,000.00 to $109,999.99............... 129 13,540,317.43 5.42
$110,000.00 to $119,999.99............... 102 11,606,909.95 4.64
$120,000.00 to $129,999.99............... 84 10,467,094.58 4.19
$130,000.00 to $139,999.99............... 78 10,462,177.53 4.18
$140,000.00 to $149,999.99............... 42 6,046,413.23 2.42
$150,000.00 to $159,999.99............... 41 6,324,588.18 2.53
$160,000.00 to $169,999.99............... 27 4,449,841.45 1.78
$170,000.00 to $179,999.99............... 25 4,332,800.43 1.73
$180,000.00 to $189,999.99............... 12 2,216,298.44 0.89
$190,000.00 to $199,999.99............... 12 2,333,063.29 0.93
$200,000.00 to $249,999.99............... 55 12,039,488.29 4.82
$250,000.00 to $299,999.99............... 15 4,117,733.96 1.65
Over $299,999.99...................... 13 4,908,239.09 1.96
----- --------------- ------
Total................................ 4,342 $249,993,118.43 100.00%
===== =============== ======
</TABLE>
<PAGE>
CONTRACT RATES--SUBSEQUENT LOANS
<TABLE>
<CAPTION>
% of Subsequent
Number of Loans by
Loans Aggregate Principal Outstanding Principal
as of Cut- Balance Outstanding Balance as of
Contract Rates off Date as of Cut-off Date Cut-off Date
- -------------------------- ---------- ------------------- ------------------------
<S> <C> <C> <C>
Less than 7.00%........... 4 $ 443,685.57 0.18%
7.01% to 8.00%........... 22 1,925,679.34 0.77
8.01% to 9.00%........... 100 11,900,716.16 4.76
9.01% to 10.00%.......... 349 32,951,774.15 13.18
10.01% to 11.00%.......... 670 55,818,665.59 22.33
11.01% to 12.00%.......... 929 64,767,003.03 25.91
12.01% to 13.00%.......... 756 32,204,653.57 12.88
13.01% to 14.00%.......... 890 31,362,333.52 12.55
14.01% to 15.00%.......... 377 12,670,910.96 5.07
15.01% to 16.00%.......... 117 3,202,950.72 1.28
16.01% to 17.00%.......... 66 1,531,696.66 0.61
17.01% to 18.00%.......... 41 881,987.89 0.35
18.01% to 19.00%.......... 19 305,061.27 0.12
Over 19.00%............... 2 26,000.00 0.01
----- --------------- ------
Total................. 4,342 $249,993,118.43 100.00%
===== =============== ======
</TABLE>
REMAINING MONTHS TO MATURITY--SUBSEQUENT LOANS
<TABLE>
<CAPTION>
% of Subsequent
Number of Loans by
Months Remaining to Loans 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 60........... 90 $ 1,838,941.92 0.74%
61 to 90............. 58 2,032,888.15 0.81
91 to 120............. 390 12,169,315.76 4.87
121 to 150............. 33 2,264,624.62 0.91
151 to 180............. 1,053 40,422,384.10 16.17
181 to 210............. 7 724,738.04 0.29
211 to 240............. 1,156 60,656,259.07 24.26
241 to 270............. 4 311,785.39 0.12
271 to 300............. 411 26,860,347.26 10.74
301 to 330............. 5 469,828.60 0.19
331 to 360............. 1,134 102,224,856.39 40.89
Greater than 360....... 1 17,149.13 0.01
----- --------------- ------
Total.............. 4,342 $249,993,118.43 100.00%
===== =============== ======
</TABLE>
<PAGE>
LIEN POSITION--SUBSEQUENT LOANS
<TABLE>
<CAPTION>
% of Subsequent
Number of Loans by
Loans Aggregate Principal Outstanding Principal
as of Cut- Balance Outstanding Balance as of
Lien Position off Date as of Cut-off Date Cut-off Date
- ------------- ---------- ------------------- ------------------------
<S> <C> <C> <C>
First................... 2,412 $197,159,390.71 78.87%
Second.................. 1,901 52,272,946.83 20.91
Third................... 29 560,780.89 0.22
----- --------------- ------
Total............... 4,342 $249,993,118.43 100.00%
===== =============== ======
</TABLE>
COMBINED LOAN-TO-VALUE RATIO--SUBSEQUENT LOANS
<TABLE>
<CAPTION>
% of Subsequent
Number of Loans by
Loans 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>
Less than 10.01%...... 0 $ 0.00 0.00%
10.01% to 20.00%...... 12 246,409.84 0.10
20.01% to 30.00%...... 19 521,672.43 0.21
30.01% to 40.00%...... 21 704,218.22 0.28
40.01% to 50.00%...... 40 2,098,720.06 0.84
50.01% to 60.00%...... 82 3,488,558.85 1.40
60.01% to 70.00%...... 147 6,772,761.04 2.71
70.01% to 80.00%...... 489 26,083,939.99 10.43
80.01% to 90.00%...... 1,071 65,711,307.68 26.29
Over 90.00%........... 2,461 144,365,530.32 57.75
----- --------------- ------
Total............. 4,342 $249,993,118.43 100.00%
===== =============== ======
</TABLE>
DISTRIBUTED BY CREDIT SCORE--SUBSEQUENT LOANS
<TABLE>
<CAPTION>
% of Subsequent
Number of Loans by
Loans Aggregate Principal Outstanding Principal
as of Cut- Balance Outstanding Balance as of
Credit Score off Date as of Cut-off Date Cut-off Date
- ------------------- ---------- ------------------- ------------------------
<S> <C> <C> <C>
Unscored............ 120 $ 7,082,552.37 2.83%
Less than 551....... 1,302 74,690,063.67 29.88
551-575............. 413 23,581,351.59 9.43
576-600............. 513 29,135,367.94 11.65
601-625............. 617 35,598,250.22 14.24
626-650............. 554 30,190,858.56 12.08
651-675............. 405 25,583,358.70 10.23
676-700............. 215 12,038,589.64 4.82
701-725............. 105 6,416,659.18 2.57
726-750............. 61 3,700,481.95 1.48
Greater than 750.... 37 1,975,584.61 0.79
----- --------------- ------
Total........... 4,342 $249,993,118.43 100.00%
===== =============== ======
</TABLE>
<PAGE>
GEOGRAPHICAL DISTRIBUTION OF MORTGAGED PROPERTIES--
INITIAL AND SUBSEQUENT LOANS
<TABLE>
<CAPTION>
% OF
AGGREGATE
% OF AGGREGATE LOANS BY
LOANS AGGREGATE PRINCIPAL OUTSTANDING
NUMBER OF BY NUMBER OF BALANCE PRINCIPAL
LOANS AS OF LOANS AS OUTSTANDING AS OF BALANCE AS OF
STATE CUT-OFF DATE OF CUT-OFF DATE CUT-OFF DATE CUT-OFF DATE
----- --------------- --------------- ------------------- -------------
<S> <C> <C> <C> <C>
Alabama................. 271 3.20% $ 13,569,231.19 2.71%
Arizona................. 190 2.24 9,732,971.80 1.95
Arkansas................ 119 1.40 4,986,355.71 1.00
California.............. 550 6.49 44,204,691.47 8.84
Colorado................ 227 2.68 13,719,053.79 2.74
Connecticut............. 96 1.13 7,586,875.53 1.52
Delaware................ 29 0.34 1,992,154.91 0.40
District of Columbia.... 11 0.13 672,078.32 0.13
Florida................. 434 5.12 25,074,826.47 5.02
Georgia................. 239 2.82 14,710,784.93 2.94
Idaho................... 36 0.42 1,938,989.00 0.39
Illinois................ 487 5.74 26,397,812.65 5.28
Indiana................. 289 3.41 14,156,282.71 2.83
Iowa.................... 121 1.43 5,937,285.53 1.19
Kansas.................. 121 1.43 6,226,040.61 1.25
Kentucky................ 148 1.75 8,660,580.91 1.73
Louisiana............... 203 2.39 10,779,436.86 2.16
Maine................... 15 0.18 884,676.23 0.18
Maryland................ 161 1.90 11,415,179.47 2.28
Massachusetts........... 88 1.04 6,312,835.85 1.26
Michigan................ 504 5.94 32,228,739.31 6.45
Minnesota............... 162 1.91 9,095,652.79 1.82
Mississippi............. 105 1.24 5,574,001.25 1.11
Missouri................ 286 3.37 15,992,178.48 3.20
Montana................. 20 0.24 799,637.91 0.16
Nebraska................ 66 0.78 4,356,970.16 0.87
Nevada.................. 63 0.74 3,728,932.81 0.75
New Hampshire........... 11 0.13 671,500.00 0.13
New Jersey.............. 126 1.49 9,547,143.58 1.91
New Mexico.............. 44 0.52 2,923,520.60 0.58
New York................ 275 3.24 19,971,859.66 3.99
North Carolina.......... 318 3.75 18,900,458.75 3.78
North Dakota............ 7 0.08 477,430.64 0.10
Ohio.................... 598 7.05 32,251,176.58 6.45
Oklahoma................ 84 0.99 4,225,518.19 0.85
Oregon.................. 57 0.67 2,894,802.27 0.58
Pennsylvania............ 340 4.01 18,930,513.98 3.79
Rhode Island............ 37 0.44 2,222,530.00 0.44
South Carolina.......... 203 2.39 12,144,134.20 2.43
South Dakota............ 34 0.40 1,840,812.16 0.37
Tennessee............... 191 2.25 12,126,058.86 2.43
Texas................... 412 4.86 17,646,940.24 3.53
Utah.................... 78 0.92 5,267,986.90 1.05
Vermont................. 3 0.04 270,000.00 0.05
Virginia................ 257 3.03 16,036,724.80 3.21
Washington.............. 160 1.89 10,071,279.96 2.01
West Virginia........... 39 0.46 2,067,960.80 0.41
Wisconsin............... 138 1.63 7,194,733.20 1.44
Wyoming................. 26 0.31 1,575,614.00 0.32
----- ------ --------------- ------
Total............... 8,479 100.00% $499,992,956.02 100.00%
===== ====== =============== ======
</TABLE>
<PAGE>
YEARS OF ORIGINATION--INITIAL AND SUBSEQUENT LOANS
<TABLE>
<CAPTION>
% of Aggregate
Number of Loans by
Loans 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............... 25 $ 923,356.75 0.18%
1998............... 535 27,405,409.73 5.48
1999............... 7,919 471,664,189.54 94.33
----- --------------- ------
Total.......... 8,479 $499,992,956.02 100.00%
===== =============== ======
</TABLE>
DISTRIBUTION OF ORIGINAL CONTRACT AMOUNTS--INITIAL AND SUBSEQUENT LOANS
<TABLE>
<CAPTION>
% of Aggregate
Number of Loans by
Loans 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 $10,000.00..................... 24 $ 202,788.53 0.04%
$ 10,000.00 to $ 19,999.99............... 1,521 22,307,773.30 4.46
$ 20,000.00 to $ 29,999.99............... 1,281 31,105,327.37 6.22
$ 30,000.00 to $ 39,999.99............... 879 30,260,596.73 6.05
$ 40,000.00 to $ 49,999.99............... 796 35,517,022.20 7.10
$ 50,000.00 to $ 59,999.99............... 727 39,634,009.22 7.93
$ 60,000.00 to $ 69,999.99............... 612 39,502,252.20 7.90
$ 70,000.00 to $ 79,999.99............... 584 43,470,900.50 8.69
$ 80,000.00 to $ 89,999.99............... 400 33,744,523.61 6.75
$ 90,000.00 to $ 99,999.99............... 332 31,425,727.27 6.29
$100,000.00 to $109,999.99............... 260 27,233,265.72 5.45
$110,000.00 to $119,999.99............... 221 25,190,565.89 5.04
$120,000.00 to $129,999.99............... 169 20,998,881.97 4.20
$130,000.00 to $139,999.99............... 156 20,987,561.63 4.20
$140,000.00 to $149,999.99............... 95 13,646,675.58 2.73
$150,000.00 to $159,999.99............... 81 12,480,561.69 2.50
$160,000.00 to $169,999.99............... 61 10,051,597.31 2.01
$170,000.00 to $179,999.99............... 55 9,576,921.24 1.92
$180,000.00 to $189,999.99............... 34 6,268,110.57 1.25
$190,000.00 to $199,999.99............... 29 5,648,570.85 1.13
$200,000.00 to $249,999.99............... 101 22,194,235.72 4.44
$250,000.00 to $299,999.99............... 38 10,350,073.79 2.07
Over $299,999.99...................... 23 8,195,013.13 1.64
----- --------------- ------
Total................................ 8,479 $499,992,956.02 100.00%
===== =============== ======
</TABLE>
<PAGE>
CONTRACT RATES--INITIAL AND SUBSEQUENT LOANS
<TABLE>
<CAPTION>
% of Aggregate
Number of Loans by
Loans 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 7.01%.......... 5 $ 579,754.18 0.12%
7.01% to 8.00%........... 41 3,537,816.55 0.71
8.01% to 9.00%........... 205 23,392,796.68 4.68
9.01% to 10.00%.......... 723 72,326,877.66 14.47
10.01% to 11.00%.......... 1,416 119,429,081.11 23.89
11.01% to 12.00%.......... 1,799 126,029,414.54 25.21
12.01% to 13.00%.......... 1,441 61,599,991.24 12.32
13.01% to 14.00%.......... 1,664 58,122,978.25 11.62
14.01% to 15.00%.......... 682 22,457,530.21 4.49
15.01% to 16.00%.......... 231 6,697,631.95 1.34
16.01% to 17.00%.......... 138 3,139,590.74 0.63
17.01% to 18.00%.......... 91 1,889,432.07 0.38
18.01% to 19.00%.......... 38 706,838.89 0.14
Over 19.00%............... 5 83,221.95 0.02
----- --------------- ------
Total................. 8,479 $499,992,956.02 100.00%
===== =============== ======
</TABLE>
REMAINING MONTHS TO MATURITY--INITIAL AND SUBSEQUENT LOANS
<TABLE>
<CAPTION>
% of Aggregate
Number of Loans by
Months Remaining to Loans 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>
31 to 60............... 154 $ 3,261,857.58 0.65%
61 to 90............... 109 3,265,041.57 0.65
91 to 120.............. 679 21,013,612.79 4.20
121 to 150............. 56 3,350,937.59 0.67
151 to 180............. 1,962 73,678,368.70 14.74
181 to 210............. 13 1,102,478.38 0.22
211 to 240............. 2,284 121,383,660.97 24.28
241 to 270............. 6 431,688.85 0.09
271 to 300............. 750 51,220,533.75 10.24
301 to 330............. 8 645,138.62 0.13
331 to 360............. 2,457 220,622,488.09 44.13
Greater than 360....... 1 17,149.13 *
----- --------------- ------
Total.............. 8,479 $499,992,956.02 100.00%
===== =============== ======
</TABLE>
- ---------------
* Indicates an amount greater than zero but less than 0.005% of Cut-off
Date Pool Principal Balance.
<PAGE>
LIEN POSITION--INITIAL AND SUBSEQUENT LOANS
<TABLE>
<CAPTION>
% of Aggregate
Number of Loans by
Loans Aggregate Principal Outstanding Principal
as of Cut- Balance Outstanding Balance as of
Lien Position off Date as of Cut-off Date Cut-off Date
- ---------------------- ---------- ------------------- ---------------------
<S> <C> <C> <C>
First................... 4,830 $397,385,949.14 79.48%
Second.................. 3,577 101,186,372.96 20.24
Third................... 72 1,420,633.92 0.28
----- --------------- ------
Total............... 8,479 $499,992,956.02 100.00%
===== =============== ======
</TABLE>
COMBINED LOAN-TO-VALUE RATIO--INITIAL AND SUBSEQUENT LOANS
<TABLE>
<CAPTION>
% of Aggregate
Number of Loans by
Loans 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>
Less than 10.01%....... 3 $ 71,000.00 0.01%
10.01 to 20.00%........ 18 454,802.70 0.09
20.01 to 30.00%........ 42 1,274,418.54 0.25
30.01 to 40.00%........ 42 1,407,034.52 0.28
40.01 to 50.00%........ 88 3,771,504.11 0.75
50.01 to 60.00%........ 142 6,146,555.21 1.23
60.01 to 70.00%........ 278 12,264,203.38 2.45
70.01 to 80.00%........ 945 53,011,325.08 10.60
80.01 to 90.00%........ 2,244 139,763,092.61 27.95
Over 90.00%............ 4,677 281,829,019.87 56.37
----- --------------- ------
Total.............. 8,479 $499,992,956.02 100.00%
===== =============== ======
</TABLE>
DISTRIBUTED BY CREDIT SCORE--INITIAL AND SUBSEQUENT LOANS
<TABLE>
<CAPTION>
% of Aggregate
Number of Loans by
Loans Aggregate Principal Outstanding Principal
as of Cut- Balance Outstanding Balance as of
Credit Score off Date as of Cut-off Date Cut-off Date
- ------------------- ---------- ------------------- ------------------------
<S> <C> <C> <C>
Unscored............ 320 $ 20,916,389.04 4.18%
Less than 551....... 2,421 134,907,983.07 26.98
551-575............. 783 47,523,001.76 9.50
576-600............. 1,035 62,070,621.48 12.41
601-625............. 1,221 72,248,240.37 14.45
626-650............. 1,076 62,499,350.99 12.50
651-675............. 776 48,851,032.44 9.77
676-700............. 450 27,230,230.37 5.45
701-725............. 195 12,052,800.12 2.41
726-750............. 111 6,382,726.72 1.28
Greater than 750.... 91 5,310,579.66 1.06
----- --------------- ------
Total........... 8,479 $499,992,956.02 100.00%
===== =============== ======
</TABLE>
