<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): March 31, 1999
GREEN TREE FINANCIAL CORPORATION
as originator of
Home Equity Loan Trust 1999-A
-----------------------------
(Exact name of registrant as specified in its charter)
Delaware 333-32669 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 March 18, 1999, the Registrant sold approximately
$1,200,000,000 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
consisting of a pool of closed-end home equity loans (the "Home
Equity 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 February 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 March 31, 1999, the Registrant
subsequently transferred $196,806,881.95
of closed-end home equity loans (the
"Subsequent 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 Subsequent Loans and the
Loans 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
- -------------- ----
99 On March 31, 1999, the Registrant Filed Electronically
subsequently transferred $196,806,881.95
of closed-end home equity loans (the
"Subsequent 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 Subsequent Loans and the Loans 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
$1,200,000,000 (APPROXIMATE)
CERTIFICATES FOR HOME EQUITY LOANS
SERIES 1999-A
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 and
$196,806,881.95 Subsequent Loans delivered on the Subsequent Closing Date. The
information below relates to both the Loans described in the Prospectus
Supplement dated February 23, 1999 and certain of 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--
CERTAIN SUBSEQUENT FIXED-RATE HOME EQUITY LOANS
<TABLE>
<CAPTION>
% OF CERTAIN
% OF CERTAIN SUBSEQUENT
SUBSEQUENT FIXED-RATE
FIXED-RATE HOME EQUITY
HOME EQUITY 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................. 65 2.68% $ 3,460,963.67 2.37%
Arizona................. 38 1.57 1,339,470.74 0.92
Arkansas................ 25 1.03 1,287,987.97 0.88
California.............. 157 6.48 14,895,712.39 10.20
Colorado................ 69 2.85 3,023,801.28 2.07
Connecticut............. 23 0.95 2,030,845.98 1.39
Delaware................ 5 0.21 531,900.00 0.36
District of Columbia.... 3 0.12 403,500.00 0.28
Florida................. 118 4.87 6,769,810.94 4.63
Georgia................. 98 4.05 5,735,181.84 3.93
Idaho................... 9 0.37 192,362.14 0.13
Illinois................ 116 4.79 6,515,522.51 4.46
Indiana................. 89 3.68 4,616,163.21 3.16
Iowa.................... 50 2.07 2,552,050.09 1.75
Kansas.................. 31 1.28 1,478,619.83 1.01
Kentucky................ 31 1.28 1,594,320.63 1.09
Louisiana............... 74 3.06 4,225,994.31 2.89
Maine................... 3 0.12 116,500.00 0.08
Maryland................ 54 2.23 3,528,927.27 2.42
Massachusetts........... 32 1.32 2,787,075.08 1.91
Michigan................ 107 4.42 6,198,527.91 4.24
Minnesota............... 31 1.28 2,200,499.41 1.51
Mississippi............. 16 0.66 802,597.27 0.55
Missouri................ 49 2.02 2,782,396.63 1.90
Montana................. 6 0.25 217,287.01 0.15
Nebraska................ 8 0.33 770,697.12 0.53
Nevada.................. 25 1.03 1,707,248.35 1.17
New Hampshire........... 3 0.12 71,300.00 0.05
New Jersey.............. 35 1.45 3,037,785.78 2.08
New Mexico.............. 14 0.58 800,786.21 0.55
New York................ 78 3.22 5,581,243.73 3.82
North Carolina.......... 162 6.69 10,227,461.60 7.00
North Dakota............ 5 0.21 298,040.91 0.20
Ohio.................... 198 8.18 9,234,101.83 6.32
Oklahoma................ 17 0.70 595,625.51 0.41
Oregon.................. 25 1.03 1,474,004.70 1.01
Pennsylvania............ 80 3.30 4,910,985.85 3.36
Rhode Island............ 5 0.21 201,448.78 0.14
South Carolina.......... 75 3.10 4,417,832.38 3.02
South Dakota............ 3 0.12 219,750.18 0.15
Tennessee............... 89 3.68 5,296,358.79 3.63
Texas................... 92 3.80 4,830,520.60 3.31
Utah.................... 32 1.32 1,411,996.20 0.97
Vermont................. 2 0.08 195,500.00 0.13
Virginia................ 82 3.39 6,224,388.87 4.26
Washington.............. 34 1.40 1,796,598.63 1.23
West Virginia........... 10 0.41 720,783.26 0.49
Wisconsin............... 36 1.49 2,342,780.71 1.60
Wyoming................. 12 0.50 430,829.36 0.29
----- ------ --------------- ------
Total............... 2,421 100.00% $146,086,087.46 100.00%
===== ====== =============== ======
</TABLE>
<PAGE>
YEARS OF ORIGINATION--CERTAIN SUBSEQUENT
FIXED-RATE HOME EQUITY LOANS
<TABLE>
<CAPTION>
% of Certain
Subsequent Fixed-Rate
Number of Home Equity 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>
1977............... 1 $ 12,497.04 0.01%
1995............... 1 26,240.42 0.02
1996............... 45 1,021,150.72 0.70
1997............... 10 406,782.87 0.28
1998............... 615 35,767,261.00 24.48
1999............... 1,749 108,852,155.41 74.51
----- --------------- ------
Total.......... 2,421 $146,086,087.46 100.00%
===== =============== ======
</TABLE>
DISTRIBUTION OF ORIGINAL CONTRACT AMOUNTS--CERTAIN SUBSEQUENT
FIXED RATE HOME EQUITY CONTRACTS
<TABLE>
<CAPTION>
% of Certain
Subsequent Fixed-Rate
Number of Home Equity 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..................... 19 $ 134,303.15 0.09%
$ 10,000.00 to $ 19,999.99............... 376 5,485,023.64 3.75
$ 20,000.00 to $ 29,999.99............... 357 8,585,353.57 5.88
$ 30,000.00 to $ 39,999.99............... 266 9,127,723.32 6.25
$ 40,000.00 to $ 49,999.99............... 229 10,169,872.04 6.96
$ 50,000.00 to $ 59,999.99............... 221 12,020,271.82 8.23
$ 60,000.00 to $ 69,999.99............... 193 12,466,048.76 8.53
$ 70,000.00 to $ 79,999.99............... 171 12,743,359.11 8.72
$ 80,000.00 to $ 89,999.99............... 123 10,317,850.02 7.06
$ 90,000.00 to $ 99,999.99............... 80 7,574,843.37 5.19
$100,000.00 to $109,999.99............... 73 7,631,144.89 5.22
$110,000.00 to $119,999.99............... 48 5,521,022.83 3.78
$120,000.00 to $129,999.99............... 47 5,837,169.86 4.00
$130,000.00 to $139,999.99............... 39 5,225,697.44 3.58
$140,000.00 to $149,999.99............... 42 6,083,748.07 4.16
$150,000.00 to $159,999.99............... 27 4,144,692.11 2.84
$160,000.00 to $169,999.99............... 23 3,776,502.58 2.59
$170,000.00 to $179,999.99............... 10 1,750,890.20 1.20
$180,000.00 to $189,999.99............... 15 2,753,626.83 1.88
$190,000.00 to $199,999.99............... 13 2,515,194.17 1.72
$200,000.00 to $209,999.99............... 8 1,636,141.80 1.12
$210,000.00 to $219,999.99............... 7 1,504,916.32 1.03
Over $219,999.99...................... 34 9,080,691.56 6.22
----- --------------- ------
Total................................ 2,421 $146,086,087.46 100.00%
===== =============== ======
</TABLE>
<PAGE>
CONTRACT RATES--CERTAIN SUBSEQUENT
FIXED-RATE HOME EQUITY CONTRACTS
<TABLE>
<CAPTION>
% of Certain
Subsequent Fixed-Rate
Number of Home Equity 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 9.01%........... 119 $ 12,280,050.82 8.41%
9.01% to 10.00%.......... 294 30,837,744.60 21.11
10.01% to 11.00%.......... 481 39,424,786.98 26.99
11.01% to 12.00%.......... 425 25,618,621.81 17.54
12.01% to 13.00%.......... 414 15,970,489.49 10.93
13.01% to 14.00%.......... 459 15,079,474.39 10.32
14.01% to 15.00%.......... 145 4,404,802.97 3.02
15.01% to 16.00%.......... 54 1,829,772.62 1.25
16.01% to 17.00%.......... 19 440,532.64 0.30
Over 17.00%............... 11 199,811.14 0.14
----- --------------- ------
Total................. 2,421 $146,086,087.46 100.00%
===== =============== ======
</TABLE>
REMAINING MONTHS TO MATURITY--CERTAIN SUBSEQUENT
FIXED-RATE HOME EQUITY CONTRACTS
<TABLE>
<CAPTION>
% of Certain
Subsequent Fixed-Rate
Number of Home Equity 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 31........... 1 $ 9,243.44 0.01%
31 to 60............. 27 414,727.88 0.28
61 to 90............. 32 547,167.64 0.37
91 to 120............. 181 4,889,000.43 3.35
121 to 150............. 17 380,237.82 0.26
151 to 180............. 551 19,611,327.23 13.42
181 to 210............. 3 153,873.96 0.11
211 to 240............. 580 29,889,741.63 20.46
241 to 270............. 3 238,326.03 0.16
271 to 300............. 225 15,795,116.77 10.81
301 to 330............. - - 0.00
331 to 360............. 801 74,157,324.63 50.76
----- --------------- ------
Total.............. 2,421 $146,086,087.46 100.00%
===== =============== ======
</TABLE>
<PAGE>
LIEN POSITION--CERTAIN SUBSEQUENT
FIXED-RATE HOME EQUITY LOANS
<TABLE>
<CAPTION>
% of Certain
Subsequent Fixed-Rate
Number of Home Equity 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................... 1,432 $118,428,690.67 81.07%
Second.................. 986 27,615,706.13 18.90
Third................... 3 41,690.66 0.03
----- --------------- ------
Total............... 2,421 $146,086,087.46 100.00%
===== =============== ======
</TABLE>
LOAN-TO-VALUE RATIO--CERTAIN SUBSEQUENT
FIXED-RATE HOME EQUITY CONTRACTS
<TABLE>
<CAPTION>
% of Certain
Subsequent Fixed-Rate
Number of Home Equity 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%...... 2 $ 92,270.17 0.06%
10.01% to 20.00%...... 5 109,543.30 0.07
20.01% to 30.00%...... 3 39,568.17 0.03
30.01% to 40.00%...... 14 430,556.29 0.29
40.01% to 50.00%...... 28 1,123,553.12 0.77
50.01% to 60.00%...... 51 2,337,661.91 1.60
60.01% to 70.00%...... 116 5,548,254.93 3.80
70.01% to 80.00%...... 319 19,249,072.51 13.18
80.01% to 90.00%...... 704 43,122,092.99 29.52
Over 90.00%........... 1,179 74,033,514.07 50.68
----- --------------- ------
Total............. 2,421 $146,086,087.46 100.00%
===== =============== ======
</TABLE>
<PAGE>
GEOGRAPHICAL DISTRIBUTION OF MORTGAGED PROPERTIES--CERTAIN SUBSEQUENT GROUP I
ADJUSTABLE RATE HOME EQUITY LOANS
<TABLE>
<CAPTION>
% OF CERTAIN
% OF CERTAIN SUBSEQUENT GROUP I
SUBSEQUENT GROUP I ADJUSTABLE
ADJUSTABLE RATE HOME
RATE HOME EQUITY LOANS
EQUITY LOANS AGGREGATE PRINCIPAL BY OUTSTANDING
NUMBER OF BY NUMBER OF BALANCE PRINCIPAL
LOANS AS OF CONTRACTS 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 ................ 9 3.54% $ 791,622.99 3.07%
Arizona ................ 6 2.36 660,038.17 2.56
California ............. 15 5.91 2,253,540.37 8.73
Colorado ............... 13 5.12 1,256,105.67 4.87
Connecticut ............ 1 0.39 117,600.00 0.46
Florida ................ 9 3.54 967,860.28 3.75
Georgia ................ 9 3.54 1,033,180.14 4.00
Idaho .................. 1 0.39 39,600.00 0.15
Illinois ............... 8 3.15 638,669.99 2.48
Indiana ................ 15 5.91 1,173,541.74 4.55
Kansas ................. 3 1.18 344,159.39 1.33
Kentucky ............... 3 1.18 322,013.21 1.25
Louisiana .............. 3 1.18 295,518.00 1.15
Maryland ............... 7 2.76 907,816.53 3.52
Massachusetts .......... 2 0.79 202,565.24 0.79
Michigan ............... 11 4.33 931,377.09 3.61
Minnesota .............. 1 0.39 114,274.74 0.44
Missouri ............... 6 2.36 480,559.01 1.86
Nevada ................. 1 0.39 139,350.00 0.54
New Hampshire .......... 1 0.39 57,500.98 0.22
New Jersey ............. 2 0.79 175,091.63 0.68
New Mexico ............. 2 0.79 189,702.52 0.74
North Carolina ......... 21 8.27 2,010,805.21 7.79
Ohio ................... 16 6.30 1,328,750.94 5.15
Oklahoma ............... 4 1.57 304,190.66 1.18
Oregon ................. 12 4.72 1,515,150.12 5.87
Pennsylvania ........... 6 2.36 552,704.48 2.14
Rhode Island ........... 4 1.57 587,200.00 2.28
South Carolina ......... 7 2.76 524,817.88 2.03
Tennessee .............. 9 3.54 690,391.53 2.68
Texas .................. 24 9.45 2,538,889.22 9.84
Utah ................... 4 1.57 499,500.00 1.94
Virginia ............... 3 1.18 278,200.00 1.08
Washington ............. 12 4.72 1,466,560.21 5.68
West Virginia .......... 1 0.39 124,200.00 0.48
Wisconsin .............. 2 0.79 186,400.00 0.72
Wyoming ................ 1 0.39 104,850.00 0.41
---- ------ --------------- ------
Total .............. 254 100.00% $25,804,297.94 100.00%
==== ====== =============== ======
</TABLE>
<PAGE>
YEARS OF ORIGINATION--CERTAIN SUBSEQUENT GROUP I ADJUSTABLE RATE HOME
EQUITY LOANS
<TABLE>
<CAPTION>
% OF
CERTAIN SUBSEQUENT
GROUP I
ADJUSTABLE RATE
HOME EQUITY
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>
1994 .............. 2 $ 252,243.92 0.98%
1995 .............. -- -- 0.00
1996 .............. 1 114,274.74 0.44
1997 .............. 4 549,771.27 2.13
1998 .............. 89 8,433,486.10 32.68
1999 .............. 158 16,454,521.91 63.77
---- ------------- ------
Total ............. 254 $ 25,804,297.94 100.00%
==== ============= ======
</TABLE>
DISTRIBUTION OF ORIGINAL CONTRACT AMOUNTS--CERTAIN SUBSEQUENT GROUP I
ADJUSTABLE RATE HOME EQUITY LOANS
<TABLE>
<CAPTION>
% OF
CERTAIN SUBSEQUENT
GROUP I
ADJUSTABLE RATE
HOME EQUITY
NUMBER OF LOANS BY
LOANS 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>
Less than $30,000.00 ................ 4 $ 96,599.35 0.37%
$ 30,000.00 to $ 39,999.99 ........ 4 146,441.00 0.57
$ 40,000.00 to $ 49,999.99 ........ 19 839,642.36 3.25
$ 50,000.00 to $ 59,999.99 ........ 16 867,632.29 3.36
$ 60,000.00 to $ 69,999.99 ........ 27 1,745,357.43 6.76
$ 70,000.00 to $ 79,999.99 ........ 25 1,879,547.89 7.28
$ 80,000.00 to $ 89,999.99 ........ 25 2,079,044.59 8.06
$ 90,000.00 to $ 99,999.99 ........ 15 1,418,636.12 5.50
$ 100,000.00 to $109,999.99 ........ 20 2,097,265.98 8.13
$ 110,000.00 to $119,999.99 ........ 17 1,937,610.84 7.51
$ 120,000.00 to $129,999.99 ........ 14 1,733,800.60 6.72
$ 130,000.00 to $139,999.99 ........ 23 3,124,141.18 12.11
$ 140,000.00 to $149,999.99 ........ 6 850,672.59 3.30
$ 150,000.00 to $159,999.99 ........ 9 1,389,765.62 5.39
$ 160,000.00 to $169,999.99 ........ 13 2,130,393.87 8.26
$ 170,000.00 to $179,999.99 ........ 1 175,500.00 0.68
$ 180,000.00 to $189,999.99 ........ 6 1,114,097.20 4.32
$ 190,000.00 to $199,999.99 ........ 1 195,000.00 0.76
$ 200,000.00 to $209,999.99 ........ 2 412,756.21 1.60
$ 210,000.00 to $219,999.99 ........ 3 641,100.00 2.48
Over $219,999.99 .................... 4 929,292.82 3.60
---- ------------- ------
Total 254 $ 25,804,297.94 100.00%
==== ============= ======
</TABLE>
<PAGE>
CURRENT CONTRACT RATES--CERTAIN SUBSEQUENT GROUP I
ADJUSTABLE RATE HOME EQUITY LOANS
<TABLE>
<CAPTION>
% OF
CERTAIN SUBSEQUENT
GROUP I
ADJUSTABLE RATE
HOME EQUITY
NUMBER OF LOANS BY
LOANS AGGREGATE PRINCIPAL OUTSTANDING PRINCIPAL
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 7.01%............. 1 $ 187,715.70 0.73%
7.01% to 8.00%............. 1 144,000.00 0.56
8.01% to 9.00%............. 47 5,406,875.52 20.95
9.01% to 10.00%............. 112 11,781,389.37 45.66
10.01% to 11.00%............ 66 6,090,093.03 23.60
11.01% to 12.00%............ 21 1,751,698.46 6.79
12.01% to 13.00%............ 5 394,137.72 1.53
Over 13.00%................. 1 48,388.14 0.19
--- ------------- ------
Total................... 254 $25,804,297.94 100.00%
=== ============= ======
</TABLE>
REMAINING MONTHS TO MATURITY--CERTAIN SUBSEQUENT GROUP I
ADJUSTABLE RATE HOME EQUITY LOANS
<TABLE>
<CAPTION>
% OF
CERTAIN
SUBSEQUENT
GROUP I
ADJUSTABLE RATE HOME
NUMBER OF EQUITY 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 331............. 3 $ 366,518.66 1.42%
331-360................... 251 25,437,779.28 98.58
--- --------------- ------
Total................. 254 $ 25,804,297.94 100.00%
=== =============== ======
</TABLE>
LIEN POSITION--CERTAIN SUBSEQUENT GROUP I ADJUSTABLE RATE HOME EQUITY LOANS
<TABLE>
<CAPTION>
% OF
CERTAIN SUBSEQUENT
GROUP I
ADJUSTABLE RATE HOME
NUMBER OF EQUITY 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................... 254 $25,804,297.94 100.00%
--- -------------- ------
Total............... 254 $25,804.297.94 100.00%
=== ============== ======
</TABLE>
<PAGE>
LOAN-TO-VALUE RATIO--CERTAIN SUBSEQUENT GROUP I
ADJUSTABLE RATE HOME EQUITY LOANS
<TABLE>
<CAPTION>
% OF CERTAIN
SUBSEQUENT GROUP 1
ADJUSTABLE RATE HOME
NUMBER OF EQUITY 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 30.01%.......... 1 $ 25,193.79 0.10%
30.01% to 40.00%.......... 2 103,175.00 0.40
40.01% to 50.00%.......... 1 130,000.00 0.50
50.01% to 60.00%.......... 1 77,000.00 0.30
60.01% to 70.00%.......... 16 1,257,841.98 4.87
70.01% to 80.00%.......... 83 7,689,173.56 29.80
80.01% to 90.00%.......... 119 12,784,708.09 49.54
Over 90.00%............... 31 3,737,205.52 14.48
--- -------------- ------
Total................. 254 $25,804,297.94 100.00%
=== ============== ======
</TABLE>
MONTH OF NEXT RATE ADJUSTMENT--CERTAIN SUBSEQUENT GROUP I ADJUSTABLE RATE HOME
EQUITY LOANS
<TABLE>
<CAPTION>
% OF
CERTAIN SUBSEQUENT
GROUP I
ADJUSTABLE RATE
NUMBER OF HOME EQUITY LOANS
LOANS 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>
February 1999............... 2 $ 184,314.17 0.71%
March 1999.................. 2 195,758.49 0.76
April 1999.................. 1 49,600.00 0.19
May 1999.................... 3 309,131.33 1.20
June 1999................... 3 348,338.81 1.35
July 1999................... 2 110,192.96 0.43
August 1999................. 1 114,274.74 0.44
December 1999............... 1 207,756.21 0.81
January 2000................ 1 60,775.58 0.24
March 2000.................. 1 54,937.68 0.21
May 2000.................... 2 287,178.87 1.11
June 2000................... 1 143,413.43 0.56
July 2000................... 2 305,308.86 1.18
August 2000................. 4 280,607.19 1.09
September 2000.............. 6 599,398.05 2.32
October 2000................ 13 1,204,521.20 4.67
November 2000............... 16 1,716,110.81 6.65
December 2000............... 28 2,220,924.89 8.61
January 2001................ 53 5,364,334.15 20.79
February 2001............... 85 9,300,420.57 36.04
March 2001.................. 13 1,138,249.00 4.41
September 2001.............. 1 139,350.00 0.54
November 2001............... 3 304,478.01 1.18
December 2001............... 2 269,987.94 1.05
January 2002................ 4 436,860.00 1.69
February 2002............... 4 458,075.00 1.78
--- -------------- ------
Total................... 254 $25,804,297.94 100.00%
=== ============== ======
</TABLE>
<PAGE>
DISTRIBUTION OF GROSS MARGIN--CERTAIN SUBSEQUENT GROUP I
ADJUSTABLE RATE HOME EQUITY LOANS
<TABLE>
<CAPTION>
% OF
CERTAIN SUBSEQUENT
GROUP I
ADJUSTABLE RATE
NUMBER OF HOME EQUITY LOANS
LOANS 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>
Less than 4.500%........ 1 $ 102,000.00 0.40%
4.500% to 4.749%........ 0 - 0.00
4.750% to 4.999%........ 3 319,492.99 1.24
5.000% to 5.249%........ 5 523,809.79 2.03
5.250% to 5.499%........ 7 811,361.14 3.14
5.500% to 5.749%........ 8 573,476.71 2.22
5.750% to 5.999%........ 6 698,989.97 2.71
6.000% to 6.249%........ 23 2,135,319.27 8.28
6.250% to 6.499%........ 30 3,457,012.63 13.40
6.500% to 6.749%........ 35 3,616,383.77 14.01
6.750% to 6.999%........ 43 4,711,967.71 18.26
7.000% to 7.249%........ 31 3,097,911.58 12.01
7.250% to 7.499%........ 16 1,617,008.31 6.27
7.500% to 7.749%........ 19 1,493,211.06 5.79
7.750% to 7.999%........ 10 949,138.17 3.68
8.000% to 8.249%........ 5 391,108.14 1.52
8.250% to 8.499%........ 4 422,906.70 1.64
8.500% to 8.749%........ 5 607,200.00 2.35
8.750% to 8.999%........ 2 140,000.00 0.54
Greater than 8.999%..... 1 136,000.00 0.53
--- -------------- ------
Total............. . 254 $25,804,297.94 100.00%
=== ============== ======
</TABLE>
<PAGE>
MAXIMUM CONTRACT RATES--CERTAIN SUBSEQUENT GROUP I
ADJUSTABLE RATE HOME EQUITY LOANS
<TABLE>
<CAPTION>
% OF
CERTAIN SUBSEQUENT
GROUP I
ADJUSTABLE RATE
NUMBER OF HOME EQUITY LOANS
LOANS 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%....... 4 $ 707,267.91 2.74%
13.000% to 13.999%...... 1 144,000.00 0.56
14.000% to 14.249%...... 1 162,000.00 0.63
14.250% to 14.499%...... 1 131,600.00 0.51
14.500% to 14.749%...... 8 918,218.44 3.56
14.750% to 14.999%...... 25 2,558,954.15 9.92
15.000% to 15.249%...... 16 1,740,824.53 6.75
15.250% to 15.499%...... 25 2,421,184.20 9.38
15.500% to 15.749%...... 16 1,538,333.89 5.96
15.750% to 15.999%...... 45 4,957,709.46 19.21
16.000% to 16.249%...... 5 463,944.31 1.80
16.250% to 16.499%...... 16 1,675,064.04 6.49
16.500% to 16.749%...... 10 1,004,314.17 3.89
16.750% to 16.999%...... 27 2,425,144.00 9.40
17.000% to 17.249%...... 8 594,986.17 2.31
17.250% to 17.499%...... 18 1,706,949.87 6.61
17.500% to 17.749%...... 8 942,480.30 3.65
17.750% to 17.999%...... 9 743,683.81 2.88
18.000% to 18.249%...... 1 46,449.80 0.18
18.250% to 18.499%...... 4 463,300.88 1.80
18.500% to 18.749%...... 1 25,193.79 0.10
18.750% to 18.999%...... 3 228,444.22 0.89
19.000% to 19.249%...... 1 96,000.00 0.37
Over 19.249%............ 1 108,250.00 0.42
--- -------------- ------
Total.............. 254 $25,804,297.94 100.00%
=== ============== ======
</TABLE>
<PAGE>
MINIMUM CONTRACT RATES--CERTAIN SUBSEQUENT GROUP I
ADJUSTABLE RATE HOME EQUITY LOANS
<TABLE>
<CAPTION>
% OF CERTAIN
SUBSEQUENT GROUP I
ADJUSTABLE RATE
NUMBER OF HOME EQUITY LOANS
LOANS 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%...... 2 $ 249,520.52 0.97%
7.250% to 7.499%...... 1 148,658.49 0.58
7.500% to 7.749%...... 0 0.00 0.00
7.750% to 7.999%...... 1 144,000.00 0.56
8.000% to 8.249%...... 1 162,000.00 0.63
8.250% to 8.499%...... 1 131,600.00 0.51
8.500% to 8.749%...... 9 1,109,506.13 4.30
8.750% to 8.999%...... 32 3,506,414.57 13.59
9.000% to 9.249%...... 18 2,003,785.67 7.77
9.250% to 9.499%...... 29 3,081,187.33 11.94
9.500% to 9.749%...... 14 1,284,853.87 4.98
9.750% to 9.999%...... 58 6,274,787.88 24.32
10.000% to 10.249%...... 7 574,881.20 2.23
10.250% to 10.499%...... 25 2,399,446.10 9.30
10.500% to 10.749%...... 14 1,473,687.08 5.71
10.750% to 10.999%...... 18 1,470,279.51 5.70
11.000% to 11.249%...... 4 223,537.94 0.87
11.250% to 11.499%...... 9 726,275.88 2.81
11.500% to 11.749%...... 3 284,100.00 1.10
11.750% to 11.999%...... 3 161,638.05 0.63
12.000% to 12.249%...... 0 0.00 0.00
12.250% to 12.499%...... 2 182,887.76 0.71
12.500% to 12.749%...... 1 25,193.79 0.10
12.750% to 12.999%...... 1 90,056.17 0.35
13.000% to 13.249%...... 1 96,000.00 0.37
Over 13.249%........... 0 0.00 0.00
--- -------------- ------
Total................ 254 $25,804,297.94 100.00%
=== ============== ======
</TABLE>
<PAGE>
GEOGRAPHICAL DISTRIBUTION OF MORTGAGED PROPERTIES--CERTAIN SUBSEQUENT GROUP II
ADJUSTABLE RATE HOME EQUITY LOANS
<TABLE>
<CAPTION>
% OF CERTAIN
% OF CERTAIN SUBSEQUENT
SUBSEQUENT GROUP II
GROUP II ADJUSTABLE
ADJUSTABLE RATE HOME
RATE HOME EQUITY LOANS
EQUITY LOANS AGGREGATE PRINCIPAL BY 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................. 8 4.57% $ 705,344.44 2.83%
Arizona................. 2 1.14 132,800.00 0.53
California.............. 23 13.14 5,212,268.91 20.92
Colorado................ 7 4.00 1,073,711.28 4.31
Delaware................ 1 0.57 52,175.00 0.21
Florida................. 10 5.71 865,849.72 3.48
Georgia................. 9 5.14 1,978,919.34 7.94
Idaho................... 1 0.57 96,681.40 0.39
Illinois................ 8 4.57 1,046,167.81 4.20
Indiana................. 6 3.43 399,386.39 1.60
Kansas.................. 2 1.14 327,439.09 1.31
Kentucky................ 1 0.57 36,000.00 0.14
Louisiana............... 1 0.57 104,400.00 0.42
Maryland................ 7 4.00 1,271,142.44 5.10
Massachusetts........... 2 1.14 204,250.00 0.82
Michigan................ 6 3.43 626,893.87 2.52
Missouri................ 3 1.71 209,277.27 0.84
Nevada.................. 2 1.14 295,052.00 1.18
New Jersey.............. 1 0.57 332,500.00 1.33
North Carolina.......... 17 9.71 1,751,103.67 7.03
Ohio.................... 7 4.00 702,210.00 2.82
Oklahoma................ 3 1.71 224,030.29 0.90
Oregon.................. 5 2.86 569,060.01 2.28
Pennsylvania............ 3 1.71 325,652.57 1.31
South Carolina.......... 5 2.86 540,707.98 2.17
Tennessee............... 7 4.00 654,837.31 2.63
Texas................... 8 4.57 1,426,702.17 5.73
Utah.................... 2 1.14 222,500.00 0.89
Virginia................ 4 2.29 873,295.55 3.50
Washington.............. 12 6.86 2,219,238.04 8.91
Wisconsin............... 2 1.14 436,900.00 1.75
--- ------ -------------- ------
Total............... 175 100.00% $24,916,496.55 100.00%
=== ====== ============== ======
</TABLE>
<PAGE>
YEARS OF ORIGINATION--CERTAIN SUBSEQUENT GROUP II
ADJUSTABLE RATE HOME EQUITY LOANS
<TABLE>
<CAPTION>
% OF CERTAIN
SUBSEQUENT
GROUP II
ADJUSTABLE RATE
HOME EQUITY
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>
1994...................... 2 $ 163,217.19 0.66%
1995...................... 1 215,251.46 0.86
1997...................... 1 271,381.54 1.09
1998...................... 66 9,573,883.37 38.42
1999...................... 105 14,692,762.99 58.97
--- -------------- -----
Total................. 175 $24,916,496.55 100.00%
=== ============== ======
</TABLE>
DISTRIBUTION OF ORIGINAL CONTRACT AMOUNTS--CERTAIN SUBSEQUENT GROUP II
ADJUSTABLE RATE HOME EQUITY LOANS
<TABLE>
<CAPTION>
% OF CERTAIN
SUBSEQUENT
GROUP II
ADJUSTABLE RATE
HOME EQUITY
NUMBER OF LOANS BY
LOANS 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>
Less than $ 30,000.00...................... 1 $ 23,977.91 0.10%
$ 30,000.00 to $ 39,999.99................. 2 68,350.00 0.27
$ 40,000.00 to $ 49,999.99................. 2 92,770.67 0.37
$ 50,000.00 to $ 59,999.99................. 13 709,263.28 2.85
$ 60,000.00 to $ 69,999.99................. 16 1,025,494.82 4.12
$ 70,000.00 to $ 79,999.99................. 13 969,039.75 3.89
$ 80,000.00 to $ 89,999.99................. 13 1,079,900.00 4.33
$ 90,000.00 to $ 99,999.99................. 12 1,125,217.05 4.52
$100,000.00 to $109,999.99................. 11 1,148,431.17 4.61
$110,000.00 to $119,999.99................. 7 789,955.79 3.17
$120,000.00 to $129,999.99................. 10 1,253,254.00 5.03
$130,000.00 to $139,999.99................. 9 1,212,485.02 4.87
$140,000.00 to $149,999.99................. 6 868,477.31 3.49
$150,000.00 to $159,999.99................. 6 926,302.78 3.72
$160,000.00 to $169,999.99................. 6 991,252.80 3.98
$170,000.00 to $179,999.99................. 2 349,600.00 1.40
$180,000.00 to $189,999.99................. 6 1,109,426.12 4.45
$190,000.00 to $199,999.99................. 4 777,844.38 3.12
$200,000.00 to $209,999.99................. 1 202,709.32 0.81
$210,000.00 to $219,999.99................. 3 647,900.00 2.60
Over $219,999.99........................... 32 9,544,844.38 38.31
--- -------------- ------
Total.................................. 175 $24,916,496.55 100.00%
=== ============== ======
</TABLE>
<PAGE>
CURRENT CONTRACT RATES--CERTAIN SUBSEQUENT GROUP II
ADJUSTABLE RATE HOME EQUITY LOANS
<TABLE>
<CAPTION>
% OF CERTAIN
SUBSEQUENT GROUP II
ADJUSTABLE RATE
HOME EQUITY
NUMBER OF LOANS BY
LOANS 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 7.01%........... 3 $ 641,134.83 2.57%
7.01% to 8.00%............ 3 433,399.35 1.74
8.01% to 9.00%............ 33 5,071,096.38 20.35
9.01% to 10.00%........... 93 12,903,088.58 51.79
10.01% to 11.00%.......... 30 4,326,652.24 17.36
11.01% to 12.00%.......... 12 1,293,125.17 5.19
Over 12.00%............... 1 248,000.00 1.00
--- -------------- ------
Total................. 175 $24,916,496.55 100.00%
=== ============== ======
</TABLE>
REMAINING MONTHS TO MATURITY--CERTAIN SUBSEQUENT GROUP II
ADJUSTABLE RATE HOME EQUITY LOANS
<TABLE>
<CAPTION>
% OF CERTAIN
SUBSEQUENT GROUP II
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 331............. 3 $ 378,468.65 1.52%
331 to 360................ 172 24,538,027.90 98.48
--- --------------- ------
Total................. 175 $ 24,916,496.55 100.00%
=== =============== ======
</TABLE>
LIEN POSITION--CERTAIN SUBSEQUENT GROUP II
ADJUSTABLE RATE HOME EQUITY LOANS
<TABLE>
<CAPTION>
% OF CERTAIN
SUBSEQUENT GROUP II
ADJUSTABLE RATE HOME
NUMBER OF EQUITY 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................... 175 $ 24,916,496.55 100.00%
--- --------------- ------
Total............... 175 $ 24,916,496.55 100.00%
=== =============== ======
</TABLE>
<PAGE>
LOAN-TO-VALUE RATIO--CERTAIN SUBSEQUENT GROUP II
ADJUSTABLE RATE HOME EQUITY LOANS
<TABLE>
<CAPTION>
% OF CERTAIN
SUBSEQUENT GROUP II
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>
Less than 50.01%.......... 1 $ 45,970.67 0.18%
50.01% to 60.00%.......... 2 225,700.00 0.91
60.01% to 70.00%.......... 8 602,770.08 2.42
70.01% to 80.00%.......... 46 6,538,194.47 26.24
80.01% to 90.00%.......... 85 12,453,200.75 49.98
Over 90.00%............... 33 5,050,660.58 20.27
--- -------------- ------
Total................. 175 $24,916,496.55 100.00%
=== ============== ======
</TABLE>
MONTH OF NEXT RATE ADJUSTMENT--CERTAIN SUBSEQUENT GROUP II
ADJUSTABLE RATE HOME EQUITY LOANS
<TABLE>
<CAPTION>
% OF CERTAIN
SUBSEQUENT GROUP II
ADJUSTABLE RATE
NUMBER OF HOME EQUITY LOANS
LOANS 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>
February 1999 .......... 1 $ 56,399.72 0.23%
May 1999 ............... 2 322,068.93 1.29
November 1999 .......... 1 271,381.54 1.09
January 2000 ........... 2 232,936.36 0.93
February 2000 .......... 1 62,289.45 0.25
March 2000 ............. 1 137,500.00 0.55
April 2000 ............. 3 386,241.76 1.55
May 2000 ............... 2 480,874.25 1.93
July 2000 .............. 3 462,507.12 1.86
August 2000 ............ 2 199,469.03 0.80
September 2000 ......... 6 874,797.04 3.51
October 2000 ........... 8 1,251,921.30 5.02
November 2000 .......... 9 1,250,153.61 5.02
December 2000 .......... 24 3,410,873.27 13.69
January 2001 ........... 35 5,315,163.00 21.33
February 2001 .......... 58 7,899,394.44 31.70
March 2001 ............. 8 824,910.00 3.31
April 2001 ............. 1 64,800.00 0.26
October 2001 ........... 1 63,449.24 0.25
December 2001 .......... 4 837,366.49 3.36
January 2002 ........... 3 512,000.00 2.05
--- -------------- ------
Total ............ 175 $24,916,496.55 100.00%
=== ============== ======
</TABLE>
<PAGE>
DISTRIBUTION OF GROSS MARGIN--CERTAIN SUBSEQUENT GROUP II
ADJUSTABLE RATE HOME EQUITY LOANS
<TABLE>
<CAPTION>
% OF
CERTAIN SUBSEQUENT
GROUP II
ADJUSTABLE RATE
NUMBER OF HOME EQUITY LOANS
LOANS 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>
Less than 4.000%........ 1 $ 56,399.72 0.23%
4.000% to 4.249%........ 0 - 0.00
4.250% to 4.499%........ 0 - 0.00
4.500% to 4.749%........ 2 322,068.93 1.29
4.750% to 4.999%........ 3 236,778.36 0.95
5.000% to 5.249%........ 1 73,000.00 0.29
5.250% to 5.499%........ 4 497,603.32 2.00
5.500% to 5.749%........ 2 231,000.00 0.93
5.750% to 5.999%........ 10 1,676,626.07 6.73
6.000% to 6.249%........ 13 2,267,580.44 9.10
6.250% to 6.499%........ 18 3,178,799.55 12.76
6.500% to 6.749%........ 34 5,517,537.37 22.14
6.750% to 6.999%........ 36 5,099,618.06 20.47
7.000% to 7.249%........ 18 2,129,090.14 8.54
7.250% to 7.499%........ 10 1,092,873.29 4.39
7.500% to 7.749%........ 6 494,832.31 1.99
7.750% to 7.999%........ 2 397,500.00 1.60
8.000% to 8.249%........ 9 832,312.39 3.34
8.250% to 8.499%........ 3 304,976.60 1.22
8.500% to 8.749%........ 1 155,500.00 0.62
8.750% to 8.999%........ 0 - 0.00
9.000% to 9.249%........ 0 - 0.00
9.250% to 9.499%........ 0 - 0.00
9.500% to 9.749%........ 1 104,400.00 0.42
Over 9.749%............. 1 248,000.00 1.00
---- -------------- ------
Total............... 175 $24,916,496.55 100.00%
==== ============== ======
</TABLE>
<PAGE>
MAXIMUM CONTRACT RATES--CERTAIN SUBSEQUENT GROUP II
ADJUSTABLE RATE HOME EQUITY LOANS
<TABLE>
<CAPTION>
% OF CERTAIN
SUBSEQUENT GROUP II
ADJUSTABLE RATE
NUMBER OF HOME EQUITY LOANS
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%........ 4 $ 765,066.96 3.07%
13.000% to 13.249%....... 0 - 0.00
13.250% to 13.499%....... 2 327,781.26 1.32
13.500% to 13.749%....... 0 - 0.00
13.750% to 13.999%....... 2 206,545.83 0.83
14.000% to 14.249%....... 4 684,540.00 2.75
14.250% to 14.499%....... 5 592,082.13 2.38
14.500% to 14.749%....... 6 803,200.00 3.22
14.750% to 14.999%....... 13 1,847,608.26 7.42
15.000% to 15.249%....... 6 978,401.35 3.93
15.250% to 15.499%....... 21 2,722,473.65 10.93
15.500% to 15.749%....... 16 2,296,997.35 9.22
15.750% to 15.999%....... 33 4,496,588.02 18.05
16.000% to 16.249%....... 6 851,923.67 3.42
16.250% to 16.499%....... 14 2,187,090.74 8.78
16.500% to 16.749%....... 7 1,244,301.18 4.99
16.750% to 16.999%....... 12 1,505,657.02 6.04
17.000% to 17.249%....... 5 882,385.82 3.54
17.250% to 17.499%....... 8 1,180,439.33 4.74
17.500% to 17.749%....... 1 81,600.00 0.33
17.750% to 17.999%....... 3 468,411.43 1.88
18.000% to 18.249%....... 1 98,140.17 0.39
18.250% to 18.499%....... 4 366,262.38 1.47
18.500% to 18.749%....... 0 - 0.00
18.750% to 18.999%....... 0 - 0.00
19.000% to 19.249%....... 0 - 0.00
19.250% to 19.499%....... 0 - 0.00
19.500% to 19.749%....... 0 - 0.00
19.750% to 19.999%....... 1 248,000.00 1.00
Greater than 19.999%..... 1 81,000.00 0.33
--- -------------- ------
Total................ 175 $24,916,496.55 100.00%
=== ============== ======
</TABLE>
<PAGE>
MINIMUM CONTRACT RATES--CERTAIN SUBSEQUENT GROUP II
ADJUSTABLE RATE HOME EQUITY LOANS
<TABLE>
<CAPTION>
% OF
CERTAIN SUBSEQUENT
GROUP II
ADJUSTABLE RATE
NUMBER OF HOME EQUITY LOANS
LOANS 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%....... 5 $ 1,019,333.84 4.09%
7.250% to 7.499%...... 1 56,399.72 0.23
7.500% to 7.749%...... 0 - 0.00
7.750% to 7.999%...... 2 162,017.81 0.65
8.000% to 8.249%...... 4 684,540.00 2.75
8.250% to 8.499%...... 6 739,159.44 2.97
8.500% to 8.749%...... 7 1,087,950.00 4.37
8.750% to 8.999%...... 17 2,774,698.40 11.14
9.000% to 9.249%...... 8 1,329,311.35 5.34
9.250% to 9.499%...... 26 3,892,038.89 15.62
9.500% to 9.749%...... 17 2,419,214.83 9.71
9.750% to 9.999%...... 39 4,808,606.32 19.30
10.000% to 10.249%...... 6 852,753.04 3.42
10.250% to 10.499%...... 11 1,543,492.61 6.19
10.500% to 10.749%...... 7 1,028,543.70 4.13
10.750% to 10.999%...... 6 977,311.43 3.92
11.000% to 11.249%...... 3 368,890.17 1.48
11.250% to 11.499%...... 9 924,235.00 3.71
Over 11.449%............ 1 248,000.00 1.00
--- -------------- ------
Total................. 175 $24,916,496.55 100.00%
=== ============== ======
</TABLE>
<PAGE>
GEOGRAPHICAL DISTRIBUTION OF MORTGAGED PROPERTIES--
INITIAL AND CERTAIN SUBSEQUENT FIXED-RATE HOME EQUITY LOANS
<TABLE>
<CAPTION>
% OF
FIXED-RATE
% OF FIXED-RATE HOME EQUITY
HOME EQUITY LOANS BY
LOANS AGGREGATE PRINCIPAL OUTSTANDING
NUMBER OF BY NUMBER OF BALANCE PRINCIPAL
LOANS AS OF CONTRACTS 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................. 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 2.46 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 4.28 34,370,855.10 3.82
Georgia................. 501 3.39 30,747,801.33 3.42
Idaho................... 52 0.35 2,385,099.43 0.27
Illinois................ 683 4.62 42,755,953.14 4.76
Indiana................. 495 3.35 25,240,647.56 2.81
Iowa.................... 300 2.03 16,694,302.64 1.86
Kansas.................. 252 1.71 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 1.92
Massachusetts........... 159 1.08 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.............. 237 1.60 16,555,255.56 1.84
New Mexico.............. 88 0.60 5,743,343.67 0.64
New York................ 507 3.43 36,146,503.16 4.02
North Carolina.......... 805 5.45 49,765,569.95 5.54
North Dakota............ 33 0.22 1,832,687.58 0.20
Ohio.................... 1,045 7.07 57,259,836.29 6.37
Oklahoma................ 120 0.81 6,251,318.85 0.70
Oregon.................. 140 0.95 8,209,490.90 0.91
Pennsylvania............ 630 4.26 36,615,467.09 4.07
Rhode Island............ 46 0.31 2,740,336.18 0.30
South Carolina.......... 390 2.64 23,053,621.13 2.56
South Dakota............ 38 0.26 2,114,744.30 0.24
Tennessee............... 385 2.61 21,395,649.20 2.38
Texas................... 625 4.23 28,578,611.73 3.18
Utah.................... 133 0.90 6,743,478.63 0.75
Vermont................. 8 0.05 369,311.87 0.04
Virginia................ 370 2.50 26,275,217.27 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............... 14,779 100.00% $899,000,670.46 100.00%
====== ====== =============== ======
</TABLE>
<PAGE>
YEARS OF ORIGINATION--INITIAL AND CERTAIN SUBSEQUENT
FIXED-RATE HOME EQUITY LOANS
<TABLE>
<CAPTION>
% of Fixed-Rate
Number of Home Equity 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>
1977............... 1 $ 12,497.04 *%
1995............... 12 324,681.80 0.04
1996............... 271 6,931,691.84 0.77
1997............... 112 5,119,236.35 0.57
1998............... 6,711 391,175,861.25 43.51
1999............... 7,672 495,436,702.18 55.11
------ --------------- -----
Total.......... 14,779 $899,000,670.46 100.00%
====== =============== ======
</TABLE>
_________
* Indicates an amount greater than zero but less than .0005% of Cut-off Date
Pool Principal Balance of Sub-Pool HE.
DISTRIBUTION OF ORIGINAL CONTRACT AMOUNTS--INITIAL AND CERTAIN SUBSEQUENT
FIXED RATE HOME EQUITY LOANS
<TABLE>
<CAPTION>
% of Fixed-Rate
Number of Home Equity 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..................... 47 $ 363,136.49 0.04%
$ 10,000.00 to $ 19,999.99............... 2,151 31,548,750.03 3.51
$ 20,000.00 to $ 29,999.99............... 2,101 50,852,520.05 5.66
$ 30,000.00 to $ 39,999.99............... 1,623 55,688,957.87 6.19
$ 40,000.00 to $ 49,999.99............... 1,476 65,607,714.93 7.30
$ 50,000.00 to $ 59,999.99............... 1,348 73,475,734.40 8.17
$ 60,000.00 to $ 69,999.99............... 1,261 81,343,127.16 9.05
$ 70,000.00 to $ 79,999.99............... 1,093 81,401,293.58 9.05
$ 80,000.00 to $ 89,999.99............... 741 62,262,287.43 6.93
$ 90,000.00 to $ 99,999.99............... 575 54,349,872.73 6.05
$100,000.00 to $109,999.99............... 492 51,499,420.68 5.73
$110,000.00 to $119,999.99............... 354 40,647,249.92 4.52
$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 1.72
$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
Over $219,999.99...................... 170 45,592,034.18 5.07
------ --------------- ------
Total................................ 14,779 $899,000,670.46 100.00%
====== =============== ======
</TABLE>
<PAGE>
CONTRACT RATES--INITIAL AND CERTAIN SUBSEQUENT
FIXED-RATE HOME EQUITY LOANS
<TABLE>
<CAPTION>
% of Fixed-Rate
Number of Home Equity 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 9.01%.......... 566 $ 59,206,393.93 6.59%
9.01% to 10.00%.......... 1,623 160,073,281.38 17.81
10.01% to 11.00%.......... 3,295 274,305,464.78 30.51
11.01% to 12.00%.......... 2,635 163,958,582.28 18.24
12.01% to 13.00%.......... 2,595 109,800,384.44 12.21
13.01% to 14.00%.......... 2,652 87,115,521.55 9.69
14.01% to 15.00%.......... 923 29,038,242.07 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
Over 17.00%............... 70 2,083,667.73 0.23
------ --------------- ------
Total................. 14,779 $899,000,670.46 100.00%
====== =============== ======
</TABLE>
REMAINING MONTHS TO MATURITY--INITIAL AND CERTAIN SUBSEQUENT
FIXED-RATE HOME EQUITY LOANS
<TABLE>
<CAPTION>
% of Fixed-Rate
Number of Home Equity 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 31........... 2 $ 17,547.83 0.00%
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............. 135 4,445,610.60 0.49
151 to 180............. 5,004 252,642,063.12 28.10
181 to 210............. 36 1,895,861.22 0.21
211 to 240............. 4,289 260,064,916.21 28.93
241 to 270............. 9 696,261.10 0.08
271 to 300............. 1,685 119,893,144.94 13.34
301 to 330............. 4 197,190.99 0.02
331 to 360............. 2,394 224,461,755.51 24.97
------ --------------- ------
Total.............. 14,779 $899,000,670.46 100.00%
====== =============== ======
</TABLE>
<PAGE>
LIEN POSITION--INITIAL AND CERTAIN SUBSEQUENT
FIXED-RATE HOME EQUITY LOANS
<TABLE>
<CAPTION>
% of Fixed-Rate
Number of Home Equity 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................... 9,066 $734,882,133.66 81.74%
Second.................. 5,690 163,571,312.70 18.19
Third................... 23 547,224.10 0.06
------ --------------- ------
Total............... 14,779 $899,000,670.46 100.00%
====== =============== ======
</TABLE>
LOAN-TO-VALUE RATIO--INITIAL AND CERTAIN SUBSEQUENT
FIXED-RATE HOME EQUITY LOANS
<TABLE>
<CAPTION>
% of Fixed-Rate
Number of Home Equity 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%....... 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%........ 1,821 107,034,014.01 11.91
80.01 to 90.00%........ 4,470 276,519,508.60 30.76
Over 90.00%............ 7,344 464,842,732.11 51.71
------ --------------- ------
Total.............. 14,779 $899,000,670.46 100.00%
====== =============== ======
</TABLE>
<PAGE>
GEOGRAPHICAL DISTRIBUTION OF MORTGAGED PROPERTIES--INITIAL AND
CERTAIN SUBSEQUENT GROUP I ADJUSTABLE RATE HOME EQUITY LOANS
<TABLE>
<CAPTION>
% OF GROUP I
% OF GROUP I ADJUSTABLE
ADJUSTABLE RATE HOME
RATE HOME EQUITY LOANS
EQUITY LOANS AGGREGATE PRINCIPAL BY 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................. 57 3.99% $ 4,855,242.99 3.24%
Arizona................. 30 2.10 2,968,198.76 1.98
California.............. 103 7.21 15,325,107.62 10.22
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 4.47
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 3.00
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 5.74 7,782,404.01 5.19
North Dakota............ 1 0.07 48,475.58 0.03
Ohio.................... 141 9.87 12,496,977.24 8.34
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 3.84
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............... 1,428 100.00% $149,930,648.40 100.00%
===== ====== =============== ======
</TABLE>
<PAGE>
YEARS OF ORIGINATION--INITIAL AND CERTAIN SUBSEQUENT GROUP I
ADJUSTABLE RATE HOME EQUITY LOANS
<TABLE>
<CAPTION>
% OF GROUP I
ADJUSTABLE RATE
HOME EQUITY
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>
1994...................... 2 $ 252,243.92 0.17%
1996...................... 1 114,274.74 0.08
1997...................... 5 657,687.35 0.44
1998...................... 1,090 114,948,110.48 76.67
1999...................... 330 33,958,331.91 22.65
----- --------------- ------
Total................. 1,428 $149,930,648.40 100.00%
===== =============== ======
</TABLE>
- ----------
* [Add footnote]
DISTRIBUTION OF ORIGINAL CONTRACT AMOUNTS--INITIAL AND
CERTAIN SUBSEQUENT GROUP I ADJUSTABLE RATE HOME EQUITY LOANS
<TABLE>
<CAPTION>
% OF GROUP I
ADJUSTABLE RATE
HOME EQUITY
NUMBER OF LOANS BY
LOANS 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>
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...................... 153 9,887,634.93 6.59
$ 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 8.42
$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 7.84
$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
Over $219,999.99................................ 31 7,079,583.96 4.72
----- --------------- ------
Total....................................... 1,428 $149,930,648.40 100.00%
===== =============== ======
</TABLE>
<PAGE>
CURRENT CONTRACT RATES--INITIAL AND CERTAIN SUBSEQUENT GROUP I
ADJUSTABLE RATE HOME EQUITY LOANS
<TABLE>
<CAPTION>
% OF
GROUP I
ADJUSTABLE RATE
HOME EQUITY
NUMBER OF LOANS BY
LOANS AGGREGATE PRINCIPAL OUTSTANDING PRINCIPAL
AS OF CUT- BALANCE OUTSTANDING BALANCE AS OF
LOAN RATE OFF DATE AS OF CUT-OFF DATE 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%......... 367 43,146,349.03 28.78
9.01% to 10.00%....... 574 59,852,810.85 39.92
10.01% to 11.00%....... 338 31,989,168.54 21.34
11.01% to 12.00%....... 79 6,432,239.36 4.29
12.01% to 13.00%....... 15 1,228,483.19 0.82
Over 13.00%............... 4 224,470.13 0.15
----- --------------- ------
Total................. 1,428 $149,930,648.40 100.00%
===== =============== ======
</TABLE>
REMAINING MONTHS TO MATURITY--INITIAL AND CERTAIN SUBSEQUENT GROUP I
ADJUSTABLE RATE HOME EQUITY LOANS
<TABLE>
<CAPTION>
% OF
GROUP I
ADJUSTABLE RATE HOME
NUMBER OF EQUITY 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 301 ........ 2 $ 169,854.99 0.11%
301 to 330 ........... 3 366,518.66 0.24
331 to 360 ........... 1,423 149,394,274.75 99.64
----- --------------- -----
1,428 $149,930,648.40 100.00%
===== =============== ======
</TABLE>
LIEN POSITION--INITIAL AND CERTAIN SUBSEQUENT GROUP I
ADJUSTABLE RATE HOME EQUITY LOANS
<TABLE>
<CAPTION>
% OF
GROUP I
ADJUSTABLE RATE HOME
NUMBER OF EQUITY 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................... 1,428 $149,930,648.40 100.00%
----- -------------- ------
Total............... 1,428 $149,930,648.40 100.00%
===== ============== ======
</TABLE>
<PAGE>
LOAN-TO-VALUE RATIO--INITIAL AND CERTAIN SUBSEQUENT GROUP I
ADJUSTABLE RATE HOME EQUITY LOANS
<TABLE>
<CAPTION>
% OF
GROUP I
ADJUSTABLE RATE HOME
NUMBER OF EQUITY 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 30.01%.......... 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%.......... 391 40,007,335.28 26.68
80.01% to 90.00%.......... 684 71,756,161.73 47.86
Over 90.00%............... 261 30,662,329.34 20.45
----- --------------- ------
Total................. 1,428 $149,930,648.40 100.00%
===== =============== ======
</TABLE>
MONTH OF NEXT RATE ADJUSTMENT--INITIAL AND CERTAIN SUBSEQUENT GROUP I
ADJUSTABLE RATE HOME EQUITY LOANS
<TABLE>
<CAPTION>
% OF
GROUP I
ADJUSTABLE RATE
NUMBER OF HOME EQUITY LOANS
LOANS 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>
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 ............... 11 1,190,750.60 0.79
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 4.44
September 2000 ......... 152 16,757,884.96 11.18
October 2000 ........... 224 23,063,890.07 15.38
November 2000 .......... 277 30,806,029.78 20.55
December 2000 .......... 209 21,285,417.83 14.20
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 0.63
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 ................ 1,428 $149,930,648.40 100.00%
===== =============== ======
</TABLE>
<PAGE>
DISTRIBUTION OF GROSS MARGIN--INITIAL AND CERTAIN SUBSEQUENT GROUP I
ADJUSTABLE RATE HOME EQUITY LOANS
<TABLE>
<CAPTION>
% OF
GROUP I
ADJUSTABLE RATE
NUMBER OF HOME EQUITY LOANS
LOANS 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>
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%....... 120 13,298,391.82 8.87
6.000% to 6.249%....... 139 15,330,414.23 10.23
6.250% to 6.499%....... 176 18,964,208.39 12.65
6.500% to 6.749%....... 175 19,418,965.30 12.95
6.750% to 6.999%....... 214 24,351,609.30 16.24
7.000% to 7.249%....... 148 14,503,888.97 9.67
7.250% to 7.499%....... 81 8,031,409.14 5.36
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
Over 9.749%............ 2 165,730.59 0.11
----- --------------- ------
Total.............. 1,428 $149,930,648.40 100.00%
===== =============== ======
</TABLE>
<PAGE>
MAXIMUM CONTRACT RATES--INITIAL AND CERTAIN SUBSEQUENT GROUP I
ADJUSTABLE RATE HOME EQUITY LOANS
<TABLE>
<CAPTION>
% OF
GROUP I
ADJUSTABLE RATE
NUMBER OF HOME EQUITY LOANS
LOANS 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%...... 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 6.49
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%...... 149 15,529,290.63 10.36
16.000% to 16.249%...... 36 3,554,720.99 2.37
16.250% to 16.499%...... 65 7,324,610.48 4.89
16.500% to 16.749%...... 66 5,643,804.08 3.76
16.750% to 16.999%...... 90 8,735,601.70 5.83
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 1.44
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 0.11
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
Over 19.999%........... 3 312,653.90 0.21
----- --------------- ------
Total.............. 1,428 $149,930,648.40 100.00%
===== =============== ======
</TABLE>
<PAGE>
MINIMUM CONTRACT RATES--INITIAL AND CERTAIN SUBSEQUENT GROUP I
ADJUSTABLE RATE HOME EQUITY LOANS
<TABLE>
<CAPTION>
% OF
GROUP I
ADJUSTABLE RATE
NUMBER OF HOME EQUITY LOANS
LOANS 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%...... 5 $ 580,004.91 0.39%
7.250% 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%...... 209 24,088,112.94 16.07
9.000% to 9.249%...... 62 7,151,627.53 4.77
9.250% to 9.499%...... 159 17,407,650.65 11.61
9.500% to 9.749%...... 125 12,638,983.60 8.43
9.750% to 9.999%...... 235 23,779,063.06 15.86
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
Over 13.249%........... 3 176,081.99 0.12
----- --------------- ------
Total................ 1,428 $149,930,648.40 100.00%
===== =============== ======
</TABLE>
<PAGE>
GEOGRAPHICAL DISTRIBUTION OF MORTGAGED PROPERTIES--INITIAL AND SUBSEQUENT
GROUP II ADJUSTABLE RATE HOME EQUITY LOANS
<TABLE>
<CAPTION>
% OF GROUP II
% OF GROUP II ADJUSTABLE
ADJUSTABLE RATE HOME
RATE HOME EQUITY LOANS
EQUITY LOANS AGGREGATE PRINCIPAL BY 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................. 39 3.34% $ 3,498,887.06 2.35%
Arizona................. 18 1.54 2,129,720.35 1.43
Arkansas................ 4 0.34 239,463.50 0.16
California.............. 120 10.29 24,763,872.40 16.61
Colorado................ 55 4.72 7,199,027.85 4.83
Connecticut............. 6 0.51 756,738.72 0.51
Delaware................ 3 0.26 304,779.76 0.20
District of Columbia.... 6 0.51 865,457.86 0.58
Florida................. 61 5.23 6,198,429.24 4.16
Georgia................. 36 3.09 5,139,114.41 3.45
Idaho................... 7 0.60 832,925.02 0.56
Illinois................ 33 2.83 4,428,011.79 2.97
Indiana................. 67 5.75 5,946,093.66 3.99
Iowa.................... 1 0.09 88,092.76 0.06
Kansas.................. 7 0.60 742,024.57 0.50
Kentucky................ 20 1.72 1,330,113.39 0.89
Louisiana............... 17 1.46 1,576,386.05 1.06
Maryland................ 65 5.57 11,752,301.11 7.88
Massachusetts........... 15 1.29 2,054,456.01 1.38
Michigan................ 34 2.92 3,334,756.14 2.24
Minnesota............... 3 0.26 386,119.48 0.26
Mississippi............. 4 0.34 276,871.92 0.19
Missouri................ 10 0.86 883,527.37 0.59
Nevada.................. 12 1.03 1,521,154.75 1.02
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 0.41
New York................ 4 0.34 516,027.67 0.35
North Carolina.......... 67 5.75 6,817,699.78 4.57
Ohio.................... 101 8.66 9,229,690.14 6.19
Oklahoma................ 8 0.69 520,994.78 0.35
Oregon.................. 45 3.86 5,589,993.61 3.75
Pennsylvania............ 17 1.46 1,939,466.84 1.30
Rhode Island............ 6 0.51 938,521.08 0.63
South Carolina.......... 18 1.54 1,705,146.24 1.14
Tennessee............... 46 3.95 4,541,580.98 3.05
Texas................... 51 4.37 6,803,672.87 4.56
Utah.................... 29 2.49 3,782,984.00 2.54
Virginia................ 21 1.80 4,436,388.86 2.98
Washington.............. 79 6.78 12,035,550.96 8.07
West Virginia........... 3 0.26 498,596.03 0.33
Wisconsin............... 14 1.20 1,639,057.58 1.10
Wyoming................. 1 0.09 61,731.52 0.04
----- ------ --------------- ------
Total............... 1,166 100.00% $149,088,957.10 100.00%
===== ====== =============== ======
</TABLE>
<PAGE>
YEARS OF ORIGINATION--INITIAL AND CERTAIN SUBSEQUENT GROUP II
ADJUSTABLE RATE HOME EQUITY LOANS
<TABLE>
<CAPTION>
% OF GROUP II
ADJUSTABLE RATE
HOME EQUITY
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>
1994 .............. 2 $ 163,217.19 0.11%
1995 .............. 1 215,251.46 0.14
1997 .............. 7 964,736.77 0.65
1998 .............. 902 114,684,417.09 76.92
1999 .............. 254 33,061,334.59 22.18
----- --------------- ------
Total ............. 1,166 $149,088,957.10 100.00%
===== =============== ======
</TABLE>
DISTRIBUTION OF ORIGINAL CONTRACT AMOUNTS--INITIAL AND CERTAIN SUBSEQUENT
GROUP II ADJUSTABLE RATE HOME EQUITY LOANS
<TABLE>
<CAPTION>
% OF GROUP II
ADJUSTABLE RATE
HOME EQUITY
NUMBER OF LOANS BY
LOANS AGGREGATE PRINCIPAL OUTSTANDING PRINCIPAL
ORIGINAL LOAN 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>
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................. 85 4,669,651.18 3.13
$ 60,000.00 to $ 69,999.99................. 108 7,023,599.59 4.71
$ 70,000.00 to $ 79,999.99................. 95 7,057,435.62 4.73
$ 80,000.00 to $ 89,999.99................. 85 7,176,466.73 4.81
$ 90,000.00 to $ 99,999.99................. 91 8,590,942.26 5.76
$100,000.00 to $109,999.99................. 74 7,714,712.34 5.17
$110,000.00 to $119,999.99................. 71 8,110,577.82 5.44
$120,000.00 to $129,999.99................. 74 9,254,933.33 6.21
$130,000.00 to $139,999.99................. 64 8,616,523.90 5.78
$140,000.00 to $149,999.99................. 40 5,787,107.45 3.88
$150,000.00 to $159,999.99................. 31 4,778,870.08 3.21
$160,000.00 to $169,999.99................. 37 6,082,293.05 4.08
$170,000.00 to $179,999.99................. 21 3,639,855.28 2.44
$180,000.00 to $189,999.99................. 20 3,708,574.04 2.49
$190,000.00 to $199,999.99................. 20 3,908,541.99 2.62
$200,000.00 to $209,999.99................. 15 3,083,152.55 2.07
$210,000.00 to $219,999.99................. 13 2,792,836.42 1.87
Over $219,999.99........................... 160 44,572,567.65 29.90
----- --------------- ------
Total.................................. 1,166 $149,088,957.10 100.00%
===== =============== ======
</TABLE>
<PAGE>
CURRENT CONTRACT RATES--INITIAL AND CERTAIN SUBSEQUENT GROUP II
ADJUSTABLE RATE HOME EQUITY LOANS
<TABLE>
<CAPTION>
% OF GROUP II
ADJUSTABLE RATE
HOME EQUITY
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 7.01%........... 4 $ 779,458.49 0.52%
7.01% to 8.00%............ 41 6,645,070.91 4.46
8.01% to 9.00%............ 326 47,292,203.09 31.72
9.01% to 10.00%........... 515 65,218,982.43 43.75
10.01% to 11.00%.......... 198 21,811,533.07 14.63
11.01% to 12.00%.......... 67 6,027,087.01 4.04
12.01% to 13.00%.......... 12 1,155,278.34 0.77
Over 13.00%............... 3 159,343.76 0.11
----- --------------- ------
Total................. 1,166 $149,088,957.10 100.00%
===== =============== ======
</TABLE>
REMAINING MONTHS TO MATURITY--INITIAL AND CERTAIN SUBSEQUENT GROUP II
ADJUSTABLE RATE HOME EQUITY LOANS
<TABLE>
<CAPTION>
% OF GROUP II
ADJUSTABLE RATE HOME
NUMBER OF EQUITY 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 301............. 1 $ 66,764.91 0.04%
301 to 330................ 3 378,468.65 0.25
331 to 360................ 1,162 148,643,723.54 99.70
----- --------------- ------
Total................. 1,166 $149,088,957.10 100.00%
===== =============== ======
</TABLE>
LIEN POSITION--INITIAL AND CERTAIN SUBSEQUENT GROUP II
ADJUSTABLE RATE HOME EQUITY LOANS
<TABLE>
<CAPTION>
% OF GROUP II
ADJUSTABLE RATE HOME
NUMBER OF EQUITY 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................... 1,166 $149,088,957.10 100.00%
----- --------------- ------
Total............... 1,166 $149,088,957.10 100.00%
===== =============== ======
</TABLE>
<PAGE>
LOAN-TO-VALUE RATIO--INITIAL AND CERTAIN SUBSEQUENT GROUP II
ADJUSTABLE RATE HOME EQUITY LOANS
<TABLE>
<CAPTION>
% OF GROUP II
ADJUSTABLE RATE HOME
NUMBER OF EQUITY 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 20.01%.......... 1 $ 34,906.43 0.02%
20.01% to 30.00%.......... 4 196,826.44 0.13
30.01% to 40.00%.......... 2 123,456.48 0.08
40.01% to 50.00%.......... 6 529,802.47 0.36
50.01% to 60.00%.......... 17 1,762,637.53 1.18
60.01% to 70.00%.......... 45 5,327,515.75 3.57
70.01% to 80.00%.......... 286 35,870,544.83 24.06
80.01% to 90.00%.......... 564 72,086,359.11 48.35
Over 90.00%............... 241 33,156,908.06 22.24
----- --------------- ------
Total................. 1,166 $149,088,957.10 100.00%
===== =============== ======
</TABLE>
MONTH OF NEXT RATE ADJUSTMENT--INITIAL AND CERTAIN SUBSEQUENT GROUP II
ADJUSTABLE RATE HOME EQUITY LOANS
<TABLE>
<CAPTION>
% OF GROUP II
ADJUSTABLE RATE
NUMBER OF HOME EQUITY LOANS
LOANS 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>
January 1999................ 1 $ 142,130.06 0.10%
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................ 1 22,653.96 0.02
November 1999............... 2 370,932.33 0.25
December 1999............... 2 616,992.23 0.41
January 2000................ 4 498,492.07 0.33
February 2000............... 3 338,053.99 0.23
March 2000.................. 5 924,292.33 0.62
April 2000.................. 7 1,011,754.81 0.68
May 2000.................... 8 1,703,102.02 1.14
June 2000................... 17 2,316,256.67 1.55
July 2000................... 24 3,148,315.50 2.11
August 2000................. 45 5,606,863.68 3.76
September 2000.............. 130 17,115,862.34 11.48
October 2000................ 182 23,156,966.79 15.53
November 2000............... 220 26,978,652.94 18.10
December 2000............... 193 24,198,322.66 16.23
January 2001................ 142 18,370,358.86 12.32
February 2001............... 101 13,254,369.44 8.89
March 2001.................. 8 824,910.00 0.55
April 2001.................. 1 64,800.00 0.04
July 2001................... 1 37,322.28 0.03
August 2001................. 2 177,928.91 0.12
September 2001.............. 3 296,071.64 0.20
October 2001................ 10 892,339.16 0.60
November 2001............... 14 1,838,086.65 1.23
December 2001............... 14 2,284,607.22 1.53
January 2002................ 4 617,053.41 0.41
February 2002............... 1 88,940.80 0.06
December 2010............... 1 111,950.34 0.08
----- --------------- ------
Total................... 1,166 $149,088,957.10 100.00%
===== =============== ======
</TABLE>
<PAGE>
DISTRIBUTION OF GROSS MARGIN--INITIAL AND CERTAIN SUBSEQUENT GROUP II
ADJUSTABLE RATE HOME EQUITY LOANS
<TABLE>
<CAPTION>
% OF
GROUP II
ADJUSTABLE RATE
NUMBER OF HOME EQUITY LOANS
LOANS 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>
Less than 4.000%....... 1 $ 56,399.72 0.04%
4.000% to 4.249%........ 0 - 0.00
4.250% to 4.499%........ 0 - 0.00
4.500% to 4.749%........ 5 704,867.22 0.47
4.750% to 4.999%........ 9 896,241.69 0.60
5.000% to 5.249%........ 12 1,458,757.39 0.98
5.250% to 5.499%........ 23 3,361,603.55 2.25
5.500% to 5.749%........ 36 4,688,801.64 3.14
5.750% to 5.999%........ 103 13,297,805.12 8.92
6.000% to 6.249%........ 103 14,239,807.12 9.55
6.250% to 6.499%........ 158 22,045,319.68 14.79
6.500% to 6.749%........ 163 23,286,346.45 15.62
6.750% to 6.999%........ 201 27,544,654.78 18.48
7.000% to 7.249%........ 87 10,660,928.03 7.15
7.250% to 7.499%........ 62 6,795,182.01 4.56
7.500% to 7.749%........ 56 6,096,948.05 4.09
7.750% to 7.999%........ 39 3,744,628.43 2.51
8.000% to 8.249%........ 41 3,622,261.61 2.43
8.250% to 8.499%........ 15 1,286,655.22 0.86
8.500% to 8.749%........ 24 2,245,842.09 1.51
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 0.22
9.500% to 9.749%........ 4 296,477.10 0.20
Over 9.749%............. 7 814,584.08 0.55
----- --------------- ------
Total.............. 1,166 $149,088,957.10 100.00%
===== =============== ======
</TABLE>
<PAGE>
MAXIMUM CONTRACT RATES--INITIAL AND CERTAIN SUBSEQUENT GROUP II
ADJUSTABLE RATE HOME EQUITY LOANS
<TABLE>
<CAPTION>
% of Group II
Adjustable Rate
Number of Aggregate Home Equity Loans
Contracts Principal Balance by Outstanding
Maximum as of Outstanding Principal Balance
Contract Rates Cutoff Date as of Cut-off Date as of Cut-off Date
- ------------------------- ----------- ------------------ ------------------
<S> <C> <C> <C>
Less than 13.000%........ 202 $ 27,124,854.94 18.19%
13.000% - 13.249%........ 10 1,097,902.56 0.74
13.250% - 13.499%........ 22 2,603,412.85 1.75
13.500% - 13.749%........ 18 2,129,122.35 1.43
13.750% - 13.999%........ 27 3,795,718.23 2.55
14.000% - 14.249%........ 16 2,413,338.54 1.62
14.250% - 14.499%........ 29 3,465,957.82 2.32
14.500% - 14.749%........ 69 10,616,220.43 7.12
14.750% - 14.999%........ 128 16,677,640.06 11.19
15.000% - 15.249%........ 44 6,031,984.73 4.05
15.250% - 15.499%........ 92 12,046,894.84 8.08
15.500% - 15.749%........ 83 10,691,128.54 7.17
15.750% - 15.999%........ 139 17,945,162.21 12.04
16.000% - 16.249%........ 36 4,317,152.78 2.90
16.250% - 16.499%........ 61 7,995,952.23 5.36
16.500% - 16.749%........ 42 4,820,285.09 3.23
16.750% - 16.999%........ 58 6,204,688.48 4.16
17.000% - 17.249%........ 16 1,909,441.84 1.28
17.250% - 17.499%........ 24 2,800,431.48 1.88
17.500% - 17.749%........ 9 653,711.87 0.44
17.750% - 17.999%........ 10 1,068,383.56 0.72
18.000% - 18.249%........ 9 668,454.92 0.45
18.250% - 18.499%........ 8 732,129.53 0.49
18.500% - 18.749%........ 5 368,054.11 0.25
18.750% - 18.999%........ 2 122,787.60 0.08
19.000% - 19.249%........ 0 - 0.00
19.250% - 19.499%........ 0 - 0.00
19.500% - 19.749%........ 2 222,920.68 0.15
19.750% - 19.999%........ 1 248,000.00 0.17
Greater than 19.999%..... 4 317,224.83 0.21
----- --------------- ------
Total................ 1,166 $149,088,957.10 100.00%
===== =============== ======
</TABLE>
<PAGE>
MINIMUM CONTRACT RATES--INITIAL AND CERTAIN SUBSEQUENT GROUP II
ADJUSTABLE RATE HOME EQUITY LOANS
<TABLE>
<CAPTION>
% OF
GROUP II
ADJUSTABLE RATE
NUMBER OF HOME EQUITY LOANS
LOANS 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%...... 8 $ 1,504,700.47 1.01%
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%...... 31 5,094,353.41 3.42
8.000% to 8.249%...... 16 2,728,557.00 1.83
8.250% to 8.499%...... 37 5,514,766.98 3.70
8.500% to 8.749%...... 90 13,928,698.20 9.34
8.750% to 8.999%...... 175 23,975,770.40 16.08
9.000% to 9.249%...... 62 7,805,567.74 5.24
9.250% to 9.499%...... 151 18,821,261.74 12.62
9.500% to 9.749%...... 95 12,506,027.06 8.39
9.750% to 9.999%...... 204 25,963,707.66 17.41
10.000% to 10.249%...... 40 4,907,340.60 3.29
10.250% to 10.499%...... 63 7,226,902.85 4.85
10.500% to 10.749%...... 48 5,076,948.95 3.41
10.750% to 10.999%...... 51 5,139,492.01 3.45
11.000% to 11.249%...... 22 2,069,307.61 1.39
11.250% to 11.499%...... 25 2,248,135.84 1.51
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
Over 13.749%............ 0 - 0.00
----- --------------- ------
Total................ 1,166 $149,088,957.10 100.00%
===== =============== ======
</TABLE>
