<PAGE>
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
--------------------------------
FORM 8-K/A
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): June 30, 1999
GREEN TREE FINANCIAL CORPORATION
--------------------------------
Delaware 01-08916 41-1807858
- --------------------------------------------------------------------------------
(State or other jurisdiction (Commission (IRS employer
of incorporation) file number) identification No.)
1100 Landmark Towers, 345 St. Peter Street, Saint Paul, Minnesota 55102-1639
- --------------------------------------------------------------------------------
(Address of principal executive offices)
Registrant's telephone number, including area code: (651) 293-3400
--------------------------
Not Applicable
- --------------------------------------------------------------------------------
(Former name or former address, if changed since last report)
<PAGE>
Item 1. Changes in Control of Registrant.
--------------------------------
Not applicable.
Item 2. Acquisition or Disposition of Assets.
------------------------------------
Not applicable.
Item 3. Bankruptcy or Receivership.
--------------------------
Not applicable.
Item 4. Changes in Registrant's Certifying Accountant.
---------------------------------------------
Not applicable.
Item 5. Other Events.
------------
Not applicable.
Item 6. Resignations of Registrant's Directors.
--------------------------------------
Not applicable.
Item 7. Financial Statements and Exhibits.
---------------------------------
(a) Financial statements of businesses acquired.
Not applicable.
(b) Pro forma financial information.
Not applicable.
2
<PAGE>
(c) Exhibits.
The following is filed herewith. The exhibit numbers correspond
with Item 601(b) of Regulation S-K.
Exhibit No. Description
----------- -----------
99.1 Information with respect to certain fixed-rate home
equity loan contracts and adjustable rate home
equity loan contracts transferred to the trust
formed in connection with the Certificates for Home
Equity Loans, Series,1999-C, issued by Green Tree
Financial Corporation, as Seller and Servicer.
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this Report to be signed on its behalf by the
undersigned hereunto duly authorized.
GREEN TREE FINANCIAL CORPORATION
By: /s/ Scott T. Young
-----------------------------
Scott T. Young
Vice President and Controller
<PAGE>
INDEX TO EXHIBITS
<TABLE>
<CAPTION>
EXHIBIT NUMBER
- --------------
<C> <S>
99.1 Information with respect to certain fixed-rate home equity
loan contracts and adjustable rate home equity loan contracts
transferred to the trust formed in connection with the
Certificates for Home Equity Loans, Series 1999-C, issued by
Green Tree Financial Corporation, as Seller and Servicer.
</TABLE>
<PAGE>
EXHIBIT 99.1
CERTIFICATES FOR HOME EQUITY LOANS
SERIES 1999-C
INFORMATION REGARDING INITIAL AND ADDITIONAL CONTRACTS
Set forth below is information regarding fixed-rate home equity loan contracts
and adjustable rate home equity loan contracts transferred to the Trust formed
in June 1999. The information below relates to both the Initial Contracts
described in the Prospectus Supplement dated June 24, 1999 and the Additional
Contracts transferred to the Trust on the Closing Date. There will be subsequent
adjustable rate home equity loan contracts transferred to the Trust after the
Closing Date. There will not be any subsequent fixed-rate home equity loan
contracts transferred to the Trust after the Closing Date. Unless otherwise
defined herein, all capitalized terms have the meanings set forth in the
Prospectus Supplement dated June 24, 1999.
<PAGE>
The tables below show additional characteristics of the fixed-rate
loans.
Geographical Distribution of Mortgaged Properties-- Fixed-Rate Loans
<TABLE>
<CAPTION>
% of
% of 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
Cut-off Date of Cut-off Date Cut-off Date Cut-off Date
------------ --------------- ------------------- -------------
<S> <C> <C> <C> <C>
Alabama................. 511 3.27% $ 28,181,710.12 2.97%
Arizona................. 222 1.42 10,641,142.21 1.12
Arkansas................ 163 1.04 7,831,090.66 .82
California............ 1,086 6.95 96,109,449.54 10.12
Colorado................ 329 2.11 19,783,175.80 2.08
Connecticut............. 171 1.09 12,655,309.00 1.33
Delaware................ 39 .25 3,027,958.67 .32
District of Columbia.... 11 .07 804,500.08 .08
Florida................. 696 4.45 38,231,995.78 4.02
Georgia................. 516 3.30 33,046,032.40 3.48
Idaho................... 64 .41 2,939,901.22 .31
Illinois................ 753 4.82 45,649,390.51 4.81
Indiana................. 507 3.24 26,580,751.05 2.80
Iowa.................... 354 2.27 18,868,437.37 1.99
Kansas.................. 359 2.30 18,500,491.20 1.95
Kentucky................ 305 1.95 16,865,187.76 1.78
Louisiana............... 433 2.77 22,838,184.97 2.40
Maine................... 32 .20 1,700,009.80 .18
Maryland................ 290 1.86 20,035,192.60 2.11
Massachusetts........... 189 1.21 13,419,932.64 1.41
Michigan................ 832 5.32 53,674,088.45 5.65
Minnesota............... 250 1.60 13,938,592.35 1.47
Mississippi............. 200 1.28 9,890,114.20 1.04
Missouri................ 503 3.22 26,664,714.90 2.81
Montana................. 52 .33 3,606,351.14 .38
Nebraska................ 166 1.06 9,471,536.08 1.00
Nevada.................. 104 .67 6,712,289.83 .71
New Hampshire........... 25 .16 1,574,795.81 .17
New Jersey.............. 218 1.39 16,739,087.36 1.76
New Mexico.............. 69 .44 3,792,837.85 .40
New York................ 548 3.51 38,663,636.67 4.07
North Carolina.......... 705 4.51 41,658,512.62 4.39
North Dakota............ 39 .25 1,563,397.92 .16
Ohio.................... 1,005 6.43 55,453,117.74 5.84
Oklahoma................ 101 .65 4,385,850.90 .46
Oregon.................. 127 .81 9,128,252.35 .96
Pennsylvania............ 646 4.13 37,914,533.51 3.99
Rhode Island............ 61 .39 4,342,209.50 .46
South Carolina.......... 389 2.49 21,987,329.79 2.31
South Dakota............ 83 .53 4,902,694.51 .52
Tennessee............... 401 2.57 23,515,579.80 2.48
Texas................... 726 4.65 31,111,237.18 3.27
Utah.................... 143 .92 10,204,256.78 1.07
Vermont................. 8 .05 371,275.19 .04
Virginia................ 415 2.66 30,912,140.42 3.25
Washington.............. 319 2.04 22,595,712.09 2.38
West Virginia........... 69 .44 3,972,121.37 .42
Wisconsin............... 342 2.19 20,385,358.21 2.15
Wyoming................. 51 .33 3,138,907.13 .33
Non-U.S. based military
personnel.............. 1 .01 18,674.88 *
------ ------ --------------- ------
Total................... 15,628 100.00% $949,999,049.91 100.00%
====== ====== =============== ======
</TABLE>
- --------
* Indicates an amount greater than zero but less than .05% of the aggregate
principal balance of the fixed-rate loans.
2
<PAGE>
Years of Origination--Fixed-Rate 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>
1975...................... 1 $ 3,056.15 *
1977...................... 1 26,322.78 *
1978...................... 1 19,464.91 *
1979...................... 2 60,936.69 .01
1985...................... 1 55,360.60 .01
1989...................... 1 226,342.75 .02
1990...................... 1 62,784.99 .01
1992...................... 1 98,236.16 .01
1995...................... 2 59,728.38 .01
1996...................... 16 382,340.93 .04
1997...................... 68 2,348,276.11 .25
1998...................... 1,202 85,179,889.01 8.97
1999...................... 14,331 861,476,310.45 90.68
------ --------------- ------
Total................. 15,628 $949,999,049.91 100.00%
====== =============== ======
</TABLE>
- --------
* Indicates an amount greater than zero but less than .05% of the aggregate
principal balance of the fixed-rate loans.
Distribution of Original Loan Amounts--Fixed-Rate Loans
<TABLE>
<CAPTION>
% of
Fixed-Rate
Number of Home Equity Loans by
Loans Aggregate Principal Outstanding Principal
Original Loan 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........ 55 $ 428,487.95 .05%
Between $10,000 to
$ 19,999................ 2,500 36,261,916.42 3.82
Between $20,000 to
$ 29,999................ 2,288 55,894,308.80 5.88
Between $30,000 to
$ 39,999................ 1,678 57,935,777.91 6.10
Between $40,000 to
$ 49,999................ 1,485 66,304,483.53 6.98
Between $50,000 to
$ 59,999................ 1,424 77,661,226.56 8.17
Between $60,000 to
$ 69,999................ 1,258 81,119,291.46 8.54
Between $70,000 to
$ 79,999................ 1,056 78,745,874.61 8.29
Between $80,000 to
$ 89,999................ 769 64,831,454.85 6.82
Between $90,000 to
$ 99,999................ 623 58,894,959.58 6.20
Between $100,000 to
$109,999................ 456 47,804,460.52 5.03
Between $110,000 to
$119,999................ 397 45,557,915.35 4.80
Between $120,000 to
$129,999................ 297 37,035,499.58 3.90
Between $130,000 to
$139,999................ 244 32,830,237.67 3.46
Between $140,000 to
$149,999................ 211 30,504,143.36 3.21
Between $150,000 to
$159,999................ 171 26,371,674.36 2.78
Between $160,000 to
$169,999................ 127 20,894,503.18 2.20
Between $170,000 to
$179,999................ 108 18,867,295.64 1.99
Between $180,000 to
$189,999................ 71 13,028,324.07 1.37
Between $190,000 to
$199,999................ 79 15,354,882.39 1.62
Between $200,000 to
$249,999................ 188 41,278,150.55 4.35
Between $250,000 to
$299,999................ 94 25,408,633.57 2.67
Over $300,000.......... 49 16,985,548.00 1.79
------ --------------- ------
Total................ 15,628 $949,999,049.91 100.00%
====== =============== ======
</TABLE>
3
<PAGE>
Loan Rates--Fixed-Rate 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
Loans by Loan Rate off Date as of Cut-off Date Cut-off Date
-------------------- ---------- ------------------- -----------------------
<S> <C> <C> <C>
Less than 6.01%........ 2 $ 127,520.74 .01%
From 6.01% to 7.00%... 4 177,942.74 .02
From 7.01% to 8.00%... 50 6,961,038.74 .73
From 8.01% to 9.00%... 639 74,730,493.71 7.87
From 9.01% to 10.00%... 1,712 173,129,462.97 18.22
From 10.01% to 11.00%... 3,154 262,558,768.51 27.64
From 11.01% to 12.00%... 2,832 181,299,741.07 19.08
From 12.01% to 13.00%... 2,634 109,576,146.45 11.53
From 13.01% to 14.00%... 2,760 89,666,567.60 9.44
From 14.01% to 15.00%... 1,029 31,234,271.48 3.29
From 15.01% to 16.00%... 378 11,187,462.76 1.18
From 16.01% to 17.00%... 251 6,013,393.10 .63
From 17.01% to 18.00%... 133 2,462,048.43 .26
From 18.01% to 19.00%... 46 831,449.19 .09
Over 19.00%............. 4 42,742.42 *
------ --------------- ------
Total............... 15,628 $949,999,049.91 100.00%
====== =============== ======
- ----------
* Indicates an amount greater than zero but less than .05% of the aggregate
principal balance of the fixed-rate loans.
</TABLE>
Remaining Months to Maturity--Fixed-Rate 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>
1 to 30................... 2 $ 13,665.64 *
31 to 60.................. 161 2,904,352.60 .31%
61 to 90.................. 100 2,477,694.66 .26
91 to 120................. 949 25,652,091.59 2.70
121 to 150................ 68 2,321,544.80 .24
151 to 180................ 3,183 107,584,670.32 11.32
181 to 210................ 28 1,487,172.74 .16
211 to 240................ 4,178 206,228,253.75 21.71
241 to 270................ 7 556,934.88 .06
271 to 300................ 1,563 106,520,096.22 11.21
301 to 330................ 3 229,566.95 .02
331 to 360................ 5,386 494,023,005.76 52.00
------ --------------- ------
Total................. 15,628 $949,999,049.91 100.00%
====== =============== ======
</TABLE>
- ----------
* Indicates an amount greater than zero but less than .05% of the aggregate
principal balance of the fixed-rate loans.
Lien Position--Fixed-Rate 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
off Date as of Cut-off Date Cut-off Date
---------- ------------------- ---------------------
<S> <C> <C> <C>
First..................... 9,539 $780,429,096.07 82.15%
Second.................... 5,995 167,731,714.08 17.66
Third..................... 94 1,838,239.76 .19
------ --------------- ------
Total................. 15,628 $949,999,049.91 100.00%
====== =============== ======
</TABLE>
4
<PAGE>
Combined Loan-to-Value Ratio--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
Combined Loan-to-Value Ratio off Date as of Cut-off Date Cut-off Date
- ---------------------------- ---------- ------------------- ---------------------
<S> <C> <C> <C>
From 0.00% to 10.00%......... 8 $ 113,800.00 .01%
From 10.01% to 20.00%........ 32 568,772.18 .06
From 20.01% to 30.00%........ 67 1,848,920.43 .19
From 30.01% to 40.00%........ 95 2,812,400.81 .30
From 40.01% to 50.00%........ 189 7,223,703.84 .76
From 50.01% to 60.00%........ 265 10,783,274.88 1.14
From 60.01% to 70.00%........ 601 30,286,312.93 3.19
From 70.01% to 80.00%........ 2,053 116,103,506.88 12.22
From 80.01% to 90.00%........ 4,557 289,146,944.80 30.44
Over 90.00%.................. 7,761 491,111,413.16 51.70
------ --------------- ------
Total.................... 15,628 $949,999,049.91 100.00%
====== =============== ======
</TABLE>
5
<PAGE>
The table below describes additional characteristics of the group I adjustable
rate loans.
Geographical Distribution of Mortgaged Properties--Group I Adjustable
Rate Loans
<TABLE>
<CAPTION>
% of
% of Group I
Group I Adjustable
Adjustable Rate Loans
Rate Loans Aggregate Principal by Outstanding
by Number of Balance Principal
Number of Loans Loans as Outstanding as of Balance as of
as of Cut-off Date of Cut-off Date Cut-off Date Cut-off Date
------------------ --------------- ------------------- --------------
<S> <C> <C> <C> <C>
Alabama................. 82 3.40% $ 7,536,661.66 3.01%
Arizona................. 65 2.70 6,611,200.52 2.64
Arkansas................ 3 .12 222,108.70 .09
California.............. 166 6.89 23,845,052.11 9.54
Colorado................ 106 4.40 12,057,084.53 4.82
Connecticut............. 18 .71 1,974,173.25 .79
Delaware................ 8 .33 860,790.93 .34
District Of Columbia.... 8 .33 995,766.49 .40
Florida................. 100 4.15 10,219,644.97 4.09
Georgia................. 81 3.36 8,443,589.56 3.38
Idaho................... 11 .46 1,053,592.22 .42
Illinois................ 160 6.64 16,037,862.22 6.42
Indiana................. 117 4.86 9,835,514.04 3.93
Iowa.................... 14 .58 1,131,019.61 .45
Kansas.................. 27 1.12 3,141,166.25 1.26
Kentucky................ 44 1.83 3,832,313.82 1.53
Louisiana............... 34 1.41 2,910,911.95 1.16
Maryland................ 74 3.07 10,242,549.78 4.10
Massachusetts........... 15 .62 2,054,210.42 .82
Michigan................ 111 4.61 10,316,098.18 4.13
Minnesota............... 20 .83 2,252,375.37 .90
Mississippi............. 9 .37 728,698.90 .29
Missouri................ 66 2.74 5,876,036.37 2.35
Montana................. 3 .12 172,120.00 .07
Nebraska................ 3 .12 115,072.23 .05
Nevada.................. 35 1.45 4,263,397.07 1.71
New Hampshire........... 6 .25 610,909.92 .24
New Jersey.............. 9 .37 1,129,796.17 .45
New Mexico.............. 7 .29 606,100.44 .24
New York................ 14 .58 2,002,373.65 .80
North Carolina.......... 166 6.89 14,449,590.13 5.78
Ohio.................... 249 10.34 22,127,315.11 8.85
Oklahoma................ 19 .79 1,617,833.17 .65
Oregon.................. 49 2.03 5,519,863.45 2.21
Pennsylvania............ 46 1.91 4,450,668.77 1.78
Rhode Island............ 9 .37 1,132,451.55 .45
South Carolina.......... 37 1.54 2,876,745.43 1.15
Tennessee............... 64 2.66 5,912,938.50 2.37
Texas................... 128 5.31 12,841,233.88 5.14
Utah.................... 43 1.78 4,779,664.91 1.91
Virginia................ 41 1.70 5,521,504.34 2.21
Vermont................. 1 .04 58,368.03 .02
Washington.............. 112 4.65 14,769,338.21 5.91
Wisconsin............... 24 1.00 2,401,271.06 .96
West Virginia........... 5 .21 463,350.00 .19
----- ------ --------------- -------
Total............... 2,409 100.00% $250,000,311.87 100.00%
===== ====== =============== =======
</TABLE>
6
<PAGE>
Years of Origination--Group I Adjustable Rate Loans
<TABLE>
<CAPTION>
% of Group I
Adjustable Rate
Loans by
Aggregate Principal Outstanding Principal
Number of Loans Balance Outstanding Balance as of
Year of Origination as of Cut-off Date as of Cut-off Date Cut-off Date
- ------------------- ------------------ ------------------- ---------------------
<S> <C> <C> <C>
1996.................... 1 $ 162,000.00 .06%
1997.................... 9 973,319.52 .39
1998.................... 238 24,369,739.30 9.75
1999.................... 2,161 224,495,253.05 89.80
----- --------------- ------
Total............... 2,409 $250,000,311.87 100.00%
===== =============== ======
</TABLE>
Distribution of Original Loan Amounts--Group I Adjustable Rate Loans
<TABLE>
<CAPTION>
% of
Group I Adjustable
Rate
Loans by
Aggregate Principal Outstanding Principal
Original Loan Amount Number of Loans Balance Outstanding Balance as of
(in Dollars) as of Cut-off Date as of Cut-off Date Cut-off Date
-------------------- ------------------ ------------------- ---------------------
<S> <C> <C> <C>
$ 20,000 to $ 29,999.... 21 $ 538,215.16 .22%
$ 30,000 to $ 39,999.... 63 2,244,195.93 .90
$ 40,000 to $ 49,999.... 141 6,328,717.83 2.53
$ 50,000 to $ 59,999.... 168 9,286,642.94 3.71
$ 60,000 to $ 69,999.... 247 16,008,882.75 6.40
$ 70,000 to $ 79,999.... 236 17,614,074.02 7.05
$ 80,000 to $ 89,999.... 222 18,790,190.44 7.52
$ 90,000 to $ 99,999.... 200 18,921,631.74 7.57
$100,000 to $109,999.... 186 19,470,507.57 7.79
$110,000 to $119,999.... 160 18,285,599.57 7.31
$120,000 to $129,999.... 140 17,450,567.26 6.98
$130,000 to $139,999.... 125 16,811,936.93 6.72
$140,000 to $149,999.... 93 13,522,318.53 5.41
$150,000 to $159,999.... 85 13,138,487.28 5.26
$160,000 to $169,999.... 60 9,883,418.73 3.95
$170,000 to $179,999.... 60 10,444,722.63 4.18
$180,000 to $189,999.... 58 10,678,804.67 4.27
$190,000 to $199,999.... 30 5,812,691.08 2.33
$200,000 to $249,999.... 114 24,768,706.81 9.91
----- --------------- ------
Total............... 2,409 $250,000,311.87 100.00%
===== =============== ======
</TABLE>
7
<PAGE>
Current Loan Rates--Group I Adjustable Rate Loans
<TABLE>
<CAPTION>
% of Group I
Aggregate Principal Adjustable Rate Loans by
Range of Loans by Number of Loans Balance Outstanding Outstanding Principal
Loan Rate as of Cut-off Date as of Cut-off Date Balance as of Cut-off Date
----------------- ------------------ ------------------- --------------------------
<S> <C> <C> <C>
5.001% to 6.000%....... 1 $ 198,999.14 .08%
6.001% to 7.000%....... 2 293,053.66 .12
7.001% to 8.000%....... 50 6,237,563.60 2.50
8.001% to 9.000%....... 499 58,807,984.68 23.52
9.001% to 10.000%...... 1,060 112,179,510.63 44.87
10.001% to 11.000%...... 581 54,998,567.61 22.00
11.001% to 12.000%...... 170 13,874,186.84 5.55
12.001% to 13.000%...... 41 3,186,864.28 1.27
13.001% to 14.000%...... 5 223,581.43 .09
----- --------------- ------
Total............... 2,409 $250,000,311.87 100.00%
===== =============== ======
</TABLE>
Remaining Months to Maturity--Group I Adjustable Rate Loans
<TABLE>
<CAPTION>
% of Group I
Months Remaining to Aggregate Principal Adjustable Rate Loans by
Scheduled Maturity Number of Loans Balance Outstanding Outstanding Principal
as of Cut-off Date as of Cut-off Date as of Cut-off Date Balance as of Cut-off Date
------------------- ------------------ ------------------- --------------------------
<S> <C> <C> <C>
211 to 240.............. 1 $ 72,659.06 .03%
271 to 330.............. 1 51,079.41 .02
331 to 360.............. 2,407 249,847,461.70 99.95
----- --------------- ------
Total............... 2,409 $250,000,311.87 100.00%
===== =============== ======
</TABLE>
Lien Position--Group I Adjustable Rate Loans
<TABLE>
<CAPTION>
% of Group I
Aggregate Principal Adjustable Rate Loans by
Number of Loans Balance Outstanding Outstanding Principal
as of Cut-off Date as of Cut-off Date Balance as of Cut-off Date
------------------ ------------------- --------------------------
<S> <C> <C> <C>
First........ 2,409 $250,000,311.87 100.00%
----- --------------- ------
Total.... 2,409 $250,000,311.87 100.00%
===== =============== ======
</TABLE>
Loan-to-Value Ratio--Group I Adjustable Rate Loans
<TABLE>
<CAPTION>
% of Group I
Aggregate Principal Adjustable Rate Loans by
Number of Loans Balance Outstanding Outstanding Principal
Loan-to-Value Ratio as of Cut-off Date as of Cut-off Date Balance as of Cut-off Date
- ------------------- ------------------ ------------------- --------------------------
<S> <C> <C> <C>
10.01% to 20.00%........ 2 $ 104,000.00 .04%
20.01% to 30.00%........ 2 140,000.00 .06
30.01% to 40.00%........ 7 493,556.98 .20
40.01% to 50.00%........ 17 1,175,418.43 .47
50.01% to 60.00%........ 37 2,816,956.60 1.13
60.01% to 70.00%........ 139 11,080,851.99 4.43
70.01% to 80.00%........ 650 63,694,907.37 25.48
80.01% to 90.00%........ 1,178 125,455,126.51 50.18
90.01% to 100.00%....... 377 45,039,493.99 18.02
----- -------------- ------
Total............... 2,409 250,000,311.87 100.00%
===== ============== ======
</TABLE>
8
<PAGE>
Month of Next Rate Adjustment--Group I Adjustable Rate Loans
<TABLE>
<CAPTION>
% of Group I
Aggregate Principal Adjustable Rate Loans
Number of Loans Balance Outstanding by Outstanding Principal
Month of Next Rate Adjustment as of Cut-off Date as of Cut-off Date Balance as of Cut-off Date
- ----------------------------- ------------------ ------------------- --------------------------
<S> <C> <C> <C>
May 1999.................... 1 $ 159,921.30 .06%
July 1999................... 5 517,629.40 .21
August 1999................. 7 813,432.60 .33
September 1999.............. 12 1,396,654.03 .56
October 1999................ 9 853,712.19 .34
November 1999............... 10 1,211,342.63 .48
December 1999............... 3 297,944.92 .12
January 2000................ 3 351,122.54 .14
February 2000............... 11 1,055,822.64 .42
March 2000.................. 12 1,418,251.74 .57
April 2000.................. 5 393,688.07 .16
May 2000.................... 8 763,282.15 .31
June 2000................... 2 146,921.59 .06
July 2000................... 4 209,681.49 .08
August 2000................. 6 777,916.73 .31
September 2000.............. 26 2,878,758.13 1.15
October 2000................ 39 4,203,135.50 1.68
November 2000............... 44 4,377,346.40 1.75
December 2000............... 60 6,198,980.93 2.48
January 2001................ 92 9,194,911.94 3.68
February 2001............... 234 24,633,807.80 9.85
March 2001.................. 539 56,934,718.10 22.77
April 2001.................. 681 69,577,816.51 27.83
May 2001.................... 454 46,877,559.00 18.75
June 2001................... 46 4,777,966.98 1.91
July 2001................... 1 76,500.00 .03
August 2001................. 2 160,188.06 .06
September 2001.............. 1 65,363.30 .03
October 2001................ 2 190,912.66 .08
November 2001............... 4 243,188.17 .10
January 2002................ 8 621,305.08 .25
February 2002............... 13 1,534,105.11 .61
March 2002.................. 19 2,019,360.50 .81
April 2002.................. 28 3,313,293.68 1.33
May 2002.................... 16 1,498,070.00 .60
June 2002................... 1 148,500.00 .06
March 2029.................. 1 107,200.00 .04
----- --------------- ------
Total................... 2,409 $250,000,311.87 100.00%
===== =============== ======
</TABLE>
9
<PAGE>
Distribution of Gross Margin--Group I Adjustable Rate Loans
<TABLE>
<CAPTION>
% of Group I
Aggregate Principal Adjustable Rate Loans
Number of Loans Balance Outstanding by Outstanding Principal
Gross Margin as of Cut-off Date as of Cut-off Date Balance as of Cut-off Date
- ------------ ------------------ ------------------- --------------------------
<S> <C> <C> <C>
3.500% to 3.749%........ 1 $ 76,411.64 .03%
3.750% to 3.999%........ 2 161,845.56 .06
4.000% t0 4.249%........ 1 63,949.57 .03
4.250% to 4.499%........ 1 82,800.00 .03
4.500% to 4.749%........ 15 1,491,835.56 .60
4.750% to 4.999%........ 11 971,419.22 .39
5.000% to 5.249%........ 43 4,368,238.00 1.75
5.250% to 5.499%........ 48 5,182,899.18 2.07
5.500% to 5.749%........ 94 9,923,504.29 3.97
5.750% to 5.999%........ 126 13,701,368.48 5.48
6.000% to 6.249%........ 245 25,590,084.94 10.24
6.250% to 6.499%........ 331 35,990,345.34 14.40
6.500% to 6.749%........ 323 34,620,530.66 13.85
6.750% to 6.999%........ 362 39,693,692.38 15.88
7.000% to 7.249%........ 179 17,522,027.69 7.01
7.250% to 7.499%........ 186 19,146,627.11 7.66
7.500% to 7.749%........ 141 13,190,868.89 5.28
7.750% to 7.999%........ 110 11,485,225.04 4.59
8.000% to 8.249%........ 73 6,657,317.23 2.66
8.250% to 8.499%........ 45 4,000,835.97 1.60
8.500% to 8.749%........ 30 2,637,370.93 1.05
8.750% to 8.999%........ 10 780,105.19 .31
9.000% to 9.249%........ 11 817,708.49 .33
9.250% to 9.499%........ 7 451,212.52 .18
9.500% to 9.749%........ 6 454,254.24 .18
9.750% to 9.999%........ 6 704,008.81 .28
10.000% to 10.249%...... 1 35,750.00 .01
11.750% to 11.999%...... 1 198,074.94 .08
----- --------------- -------
Total............... 2,409 $250,000,311.87 100.00%
===== =============== =======
</TABLE>
10
<PAGE>
Maximum Loan Rates--Group I Adjustable Rate Loans
<TABLE>
<CAPTION>
% of Group I
Adjustable Rate Loans
Number of Loans Aggregate Principal by Outstanding Principal
as of Cut-off Balance Outstanding Balance as of
Maximum Loan Rates Date as of Cut-off Date Cut-off Date
- ------------------ --------------- ------------------- ------------------------
<S> <C> <C> <C>
9.250% to 9.499%....... 1 $ 46,454.05 .02%
9.500% to 9.749%....... 1 105,000.00 .04
11.000% to 11.249%...... 1 181,537.60 .07
12.250% to 12.499%...... 2 123,467.00 .05
12.500% to 12.749%...... 3 347,636.68 .14
12.750% to 12.999%...... 3 482,703.66 .19
13.000% to 13.249%...... 3 240,210.27 .10
13.250% to 13.499%...... 6 530,998.00 .21
13.500% to 13.749%...... 11 1,230,357.91 .49
13.750% to 13.999%...... 14 2,249,862.77 .90
14.000% to 14.249%...... 25 2,878,463.43 1.15
14.250% to 14.499%...... 38 4,888,028.86 1.96
14.500% to 14.749%...... 86 9,665,226.42 3.87
14.750% to 14.999%...... 239 28,768,297.19 11.51
15.000% to 15.249%...... 111 12,002,489.72 4.80
15.250% to 15.499%...... 246 26,419,338.96 10.57
15.500% to 15.749%...... 173 18,978,661.25 7.59
15.750% to 15.999%...... 369 38,000,440.00 15.20
16.000% to 16.249%...... 133 13,540,328.75 5.42
16.250% to 16.499%...... 174 17,629,759.98 7.05
16.500% to 16.749%...... 172 16,882,826.50 6.75
16.750% to 16.999%...... 194 19,784,184.71 7.91
17.000% to 17.249%...... 62 5,310,937.99 2.12
17.250% to 17.499%...... 84 6,927,547.90 2.77
17.500% to 17.749%...... 72 6,476,789.51 2.59
17.750% to 17.999%...... 59 5,544,211.27 2.22
18.000% to 18.249%...... 35 2,758,766.63 1.10
18.250% to 18.499%...... 26 2,443,412.67 .98
18.500% to 18.749%...... 25 2,120,843.15 .85
18.750% to 18.999%...... 10 835,473.82 .33
19.000% to 19.249%...... 7 630,569.64 .25
19.250% to 19.499%...... 4 418,325.83 .17
19.500% to 19.749%...... 2 70,082.47 .03
19.750% to 19.999%...... 5 400,659.73 .16
Greater Than 19.999%.... 13 1,096,417.55 .44
----- --------------- ------
Total............... 2,409 $250,000,311.87 100.00%
===== =============== ======
</TABLE>
11
<PAGE>
Minimum Loan Rates--Group I Adjustable Rate Loans
<TABLE>
<CAPTION>
% of
Group I
Adjustable Rate
Number of Loans
Loans Aggregate Principal by Outstanding Principal
as of Cut- Balance Outstanding Balance as of
Minimum Loan Rates off Date as of Cut-off Date Cut-off Date
- ------------------ ---------- ------------------- ------------------------
<S> <C> <C> <C>
4.500% to 4.749%..... 3 $ 265,478.41 .11%
5.000% to 5.249%..... 1 107,046.19 .04
5.500% to 5.749%..... 5 429,136,50 .17
5.750% to 5.999%..... 12 1,609,590.39 .64
6.000% to 6.249%..... 18 1,957,356.42 .78
6.250% to 6.499%..... 9 1,134,810.09 .45
6.500% to 6.749%..... 11 1,402,481.43 .56
6.750% to 6.999%..... 27 3,405,689.51 1.36
7.000% to 7.249%..... 10 1,254,672.40 .50
7.250% to 7.499%..... 20 2,085,278.98 .83
7.500% to 7.749%..... 24 2,244,931.12 .90
7.750% to 7.999%..... 29 3,916,878.87 1.57
8.000% to 8.249%..... 36 4,023,871.63 1.61
8.250% to 8.499%..... 62 7,794,981.92 3.12
8.500% to 8.749%..... 105 12,090,877.30 4.84
8.750% to 8.999%..... 270 31,415,420.03 12.57
9.000% to 9.249%..... 121 12,510,453.29 5.00
9.250% to 9.499%..... 258 27,636,846.33 11.05
9.500% to 9.749%..... 215 23,548,495.30 9.42
9.750% to 9.999%..... 413 42,239,648.99 16.90
10.000% to 10.249%..... 125 12,506,107.46 5.00
10.250% to 10.499%..... 171 16,080,279.71 6.43
10.500% to 10.749%..... 142 13,058,415.64 5.22
10.750% to 10.999%..... 122 11,610,355.49 4.64
11.000% to 11.249%..... 45 3,501,227.19 1.40
11.250% to 11.499%..... 49 4,032,469.11 1.61
11.500% to 11.749%..... 37 2,937,334.42 1.17
11.750% to 11.999%..... 22 1,691,216.69 .68
12.000% to 12.249%..... 21 1,816,612.70 .73
12.250% to 12.499%..... 6 403,094.45 .16
12.500% to 12.749%..... 11 743,275.32 .30
12.750% to 12.999%..... 3 288,104.79 .12
13.000% to 13.249%..... 2 57,884.24 .02
13.250% to 13.499%..... 2 80,110.15 .03
13.500% to 13.749%..... 1 51,079.41 .02
13.750% to 13.999%..... 1 63,700.00 .03
----- -------------- ------
Total................ 2,409 $250,000,311.87 100.00%
===== ============== ======
</TABLE>
12
<PAGE>
The tables below describe additional characteristics of the group
adjustable rate loans.
Geographical Distribution of Mortgaged Properties--Group II
Adjustable Rate Loans
<TABLE>
<CAPTION>
% of
% of Group II
Group II Adjustable
Adjustable Rate Loans
Rate Loans Aggregate Principal by Outstanding
by Number of Balance Principal
Number of Loans Loans as Outstanding as of Balance as of
as of Cut-off Date of Cut-off Date Cut-off Date Cut-off Date
------------------ --------------- ------------------- --------------
<S> <C> <C> <C> <C>
Alabama ................ 17 2.66% $ 1,942,349.47 2.22%
Arizona ................ 13 2.03 1,883,377.99 2.15
Arkansas ............... 5 .78 377,860.00 .43
California ............. 64 10.00 14,487,595.00 16.53
Colorado ............... 18 2.81 2,302,786.76 2.63
Connecticut ............ 7 1.09 467,002.31 .53
District Of Columbia.... 1 .16 123,432.40 .14
Florida ................ 31 4.84 3,198,391.34 3.65
Georgia ................ 24 3.75 3,855,287.19 4.40
Idaho .................. 4 .63 672,970.22 .77
Illinois ............... 38 5.94 4,398,877.28 5.02
Indiana ................ 20 3.13 1,474,933.47 1.68
Iowa ................... 3 .47 97,313.92 .11
Kansas ................. 6 .94 690,662.40 .79
Kentucky ............... 5 .78 366,510.78 .42
Louisiana .............. 10 1.56 1,077,258.96 1.23
Maryland ............... 30 4.69 5,876,978.48 6.71
Massachusetts .......... 13 2.03 2,659,628.29 3.03
Michigan ............... 25 3.91 2,260,495.08 2.58
Minnesota .............. 7 1.09 1,323,650.60 1.51
Mississippi ............ 1 .16 63,261.33 .07
Missouri ............... 21 3.28 1,668,289.29 1.90
Montana ................ 3 .47 481,884.00 .55
Nevada ................. 7 1.09 1,129,786.00 1.29
New Hampshire .......... 3 .47 439,905.00 .50
New Mexico ............. 1 .16 72,000.00 .08
New York ............... 4 .63 712,902.99 .81
North Carolina ......... 36 5.63 3,960,901.88 4.52
Ohio ................... 44 6.88 3,994,067.81 4.56
Oklahoma ............... 4 .63 397,683.59 .45
Oregon ................. 17 2.66 2,444,920.21 2.79
Pennsylvania ........... 21 3.28 1,850,327.09 2.11
Rhode Island ........... 1 .16 112,500.00 .13
South Carolina ......... 6 .94 840,880.47 .96
South Dakota ........... 1 .16 74,000.00 .08
Tennessee .............. 11 1.72 1,148,402.08 1.31
Texas .................. 39 6.09 5,161,385.87 5.89
Utah ................... 19 2.97 3,242,194.53 3.70
Virginia ............... 21 3.28 3,851,775.57 4.39
Washington ............. 31 4.84 5,834,458.48 6.66
West Virginia .......... 2 .31 185,480.80 .21
Wisconsin .............. 6 .94 445,395.90 .51
--- ------ -------------- ------
Total .............. 640 100.00% $87,649,764.83 100.00%
=== ====== ============== ======
</TABLE>
13
<PAGE>
Years of Origination--Group II Adjustable Rate Loans
<TABLE>
<CAPTION>
% of Group II
Adjustable Rate
Loans by
Aggregate Principal Outstanding Principal
Number of Loans Balance Outstanding Balance as of
Year of Origination as of Cut-off Date as of Cut-off Date Cut-off Date
- ------------------- ------------------ ------------------- ---------------------
<S> <C> <C> <C>
1997.................... 2 $ 668,529.37 .76%
1998.................... 71 8,900,756.99 10.16
1999.................... 567 78,064,205.62 89.08
--- -------------- ------
Total............... 640 $87,649,764.83 100.00%
=== ============== ======
</TABLE>
Distribution of Original Loan Amounts--Group II Adjustable Rate Loans
<TABLE>
<CAPTION>
% of Group II
Adjustable Rate
Loans by
Aggregate Principal Outstanding Principal
Original Loan Amount Number of Loans Balance Outstanding Balance as of
(in Dollars) as of Cut-off Date as of Cut-off Date Cut-off Date
-------------------- ------------------ ------------------- ---------------------
<S> <C> <C> <C>
$ 20,000 to $ 29,999.... 11 $ 298,286.47 .34%
$ 30,000 to $ 39,999.... 23 827,717.75 .94
$ 40,000 to $ 49,999.... 25 1,135,658.77 1.30
$ 50,000 to $ 59,999.... 45 2,463,088.83 2.81
$ 60,000 to $ 69,999.... 43 2,800,291.63 3.19
$ 70,000 to $ 79,999.... 57 4,268,298.91 4.87
$ 80,000 to $ 89,999.... 50 4,236,218.04 4.83
$ 90,000 to $ 99,999.... 43 4,053,088.66 4.62
$100,000 to $109,999.... 41 4,267,830.91 4.87
$110,000 to $119,999.... 36 4,136,745.20 4.72
$120,000 to $129,999.... 40 4,994,574.13 5.70
$130,000 to $139,999.... 25 3,388,480.17 3.87
$140,000 to $149,999.... 16 2,315,748.43 2.64
$150,000 to $159,999.... 9 1,385,731.22 1.58
$160,000 to $169,999.... 8 1,318,252.93 1.50
$170,000 to $179,999.... 12 2,082,458.92 2.38
$180,000 to $189,999.... 4 732,000.00 .84
$190,000 to $199,999.... 2 390,877.00 .45
$200,000 to $249,999.... 32 7,442,263.14 .49
$250,000 to $299,999.... 75 20,678,939.11 23.59
Greater than $299,999... 43 14,433,214.61 16.47
--- -------------- ------
Total............... 640 $87,649,764.83 100.00%
=== ============== ======
</TABLE>
14
<PAGE>
Current Loan Rates--Group II Adjustable Rate Loans
<TABLE>
<CAPTION>
% of Group II
Aggregate Principal Adjustable Rate Loans by
Range of Loans by Number of Loans Balance Outstanding Outstanding Principal
Loan Rate as of Cut-off Date as of Cut-off Date Balance as of Cut-off Date
----------------- ------------------ ------------------- --------------------------
<S> <C> <C> <C>
6.001% to 7.000%....... 1 $ 91,000.00 .10%
7.001% to 8.000%....... 32 5,381,335.31 6.14
8.001% to 9.000%....... 156 25,139,825.93 28.68
9.001% to 10.000%...... 279 38,450,121.78 43.87
10.001% to 11.000%...... 131 14,940,598.08 17.05
11.001% to 12.000%...... 37 3,386,490.77 3.86
12.001% to 13.000%...... 4 260,392.96 .30
--- -------------- ------
Total............... 640 $87,649,764.83 100.00%
=== ============== ======
</TABLE>
Remaining Months to Maturity--Group II Adjustable Rate Loans
<TABLE>
<CAPTION>
% of Group II
Months Remaining to Aggregate Principal Adjustable Rate Loans by
Scheduled Maturity Number of Loans Balance Outstanding Outstanding Principal
as of Cut-off Date as of Cut-off Date as of Cut-off Date Balance as of Cut-off Date
------------------- ------------------ ------------------- --------------------------
<S> <C> <C> <C>
151 to 180.............. 1 $ 26,100.00 .03%
331 to 360.............. 639 87,607,391.98 99.97
--- -------------- ------
Total............... 640 $87,649,764.83 100.00%
=== ============== ======
</TABLE>
Lien Position--Group II Adjustable Rate Loans
<TABLE>
<CAPTION>
% of Group II
Aggregate Principal Adjustable Rate Loans by
Number of Loans Balance Outstanding Outstanding Principal
as of Cut-off Date as of Cut-off Date Balance as of Cut-off Date
------------------ ------------------- --------------------------
<S> <C> <C> <C>
First........ 640 $87,649,764.83 100.00%
--- -------------- ------
Total.... 640 $87,649,764.83 100.00%
=== ============== ======
</TABLE>
Loan-to-Value Ratio- Group II Adjustable Rate Loans
<TABLE>
<CAPTION>
% of Group II
Aggregate Principal Adjustable Rate Loans by
Number of Loans Balance Outstanding Outstanding Principal
Loan-to-Value Ratio as of Cut-off Date as of Cut-off Date Balance as of Cut-off Date
- ------------------- ------------------ ------------------- --------------------------
<S> <C> <C> <C>
20.01% to 30.00%........ 1 $ 30,000.00 .03%
30.01% to 40.00%........ 2 87,500.00 .10
40.01% to 50.00%........ 4 203,366.98 .23
50.01% to 60.00%........ 11 973,283.68 1.11
60.01% to 70.00%........ 31 3,562,107.83 4.06
70.01% to 80.00%........ 174 22,108,653.28 25.22
80.01% to 90.00%........ 321 44,418,828.81 50.68
90.01% to 100.00%....... 96 16,266,024.25 18.56
--- -------------- ------
Total............... 640 $87,649,764.83 100.00%
=== ============== ======
</TABLE>
15
<PAGE>
Month of Next Rate Adjustment--Group II Adjustable Rate Loans
<TABLE>
<CAPTION>
% of Group II
Aggregate Principal Adjustable Rate Loans
Number of Loans Balance Outstanding by Outstanding Principal
Month of Next Rate Adjustment as of Cut-off Date as of Cut-off Date Balance as of Cut-off Date
- ----------------------------- ------------------ ------------------- --------------------------
<S> <C> <C> <C>
May 1999.................... 1 $ 72,999.87 .08%
August 1999................. 3 232,700.80 .27
September 1999.............. 3 806,154.00 .92
October 1999................ 4 664,250.00 .76
December 1999............... 1 155,500.00 .18
January 2000................ 1 68,320.75 .08
March 2000.................. 3 533,173.11 .61
May 2000.................... 1 322,177.28 .37
July 2000................... 3 512,704.42 .58
August 2000................. 5 470,666.62 .54
September 2000.............. 9 1,321,038.83 1.51
October 2000................ 8 932,174.78 1.06
November 2000............... 17 1,902,165.54 2.17
December 2000............... 14 2,061,998.47 2.35
January 2001................ 33 3,502,243.89 4.00
February 2001............... 57 7,780,555.82 8.88
March 2001.................. 181 23,753,597.05 27.10
April 2001.................. 200 26,812,101.65 30.59
May 2001.................... 77 13,631,685.12 15.55
June 2001................... 2 255,050.00 .29
November 2001............... 1 101,011.50 .12
December 2001............... 3 372,772.89 .43
February 2002............... 4 467,254.16 .53
March 2002.................. 1 124,089.42 .14
April 2002.................. 6 474,878.86 .54
May 2002.................... 2 318,500.00 .36
--- -------------- ------
Total................... 640 $87,649,764.83 100.00%
=== ============== ======
</TABLE>
16
<PAGE>
Distribution of Gross Margin- Group II Adjustable Rate Loans
<TABLE>
<CAPTION>
% of Group II
Aggregate Principal Adjustable Rate Loans
Number of Loans Balance Outstanding by Outstanding Principal
Gross Margin as of Cut-off Date as of Cut-off Date Balance as of Cut-off Date
- ------------ ------------------ ------------------- --------------------------
<S> <C> <C>
3.750% to 3.999%........ 1 $137,624.63 .16%
4.500% to 4.749%........ 2 162,618,57 .19
4.750% to 4.999%........ 3 599,000.00 .68
5.000% to 5.249%........ 13 1,737,942.89 1.98
5.250% to 5.499%........ 6 766,723.63 .87
5.500% to 5.749%........ 22 2,967,265.74 3.39
5.750% to 5.999%........ 68 9,379,843.67 10.70
6.000% to 6.249%........ 64 9,257,395.52 10.56
6.250% to 6.499%........ 90 13,096,119.56 14.94
6.500% to 6.749%........ 82 11,887,469.92 13.56
6.750% to 6.999%........ 81 12,898,629.88 14.72
7.000% to 7.249%........ 63 7,939,759.63 9.06
7.250% to 7.499%........ 60 7,288,337.05 8.32
7.500% to 7.749%........ 38 3,316,945.09 3.78
7.750% to 7.999%........ 24 3,409,869.00 3.89
8.000% to 8.249%........ 8 728,605.82 .83
8.250% to 8.499%........ 6 875,516.81 1.00
8.500% to 8.749%........ 4 221,870.45 .25
8.750% to 8.999%........ 3 782,571.31 .89
9.000% to 9.249%........ 1 119,965.66 .14
9.250% to 9.499%........ 1 75,690.00 .09
--- -------------- ------
Total............... 640 $87,649,764,83 100.00%
=== ============== ======
</TABLE>
17
<PAGE>
Maximum Loan Rates--Group II Adjustable Rate Loans
<TABLE>
<CAPTION>
% of Group II
Adjustable Rate Loans
Number of Loans Aggregate Principal by Outstanding Principal
as of Cut-off Balance Outstanding Balance as of
Maximum Loan Rates Date as of Cut-off Date Cut-off Date
- ------------------ --------------- ------------------- ------------------------
<S> <C> <C> <C>
9.500% to 9.749%...... 1 $ 81,810.00 .09%
11.500% to 11.749%...... 1 84,000.00 .10
11.750% to 11.999%...... 2 370,867.16 .42
12.500% to 12.749%...... 1 419,595.95 .48
12.750% to 12.999%...... 4 461,387.33 .53
13.000% to 13.249%...... 1 67,500.00 .08
13.250% to 13.499%...... 1 170,250.00 .19
13.750% to 13.999%...... 10 2,012,000.00 2.30
14.000% to 14.249%...... 5 1,096,070.62 1.25
14.250% to 14.499%...... 9 1,318,968.68 1.50
14.500% to 14.749%...... 14 1,662,882.72 1.90
14.750% to 14.999%...... 59 9,960,803.73 11.36
15.000% to 15.249%...... 26 3,483,411.09 3.97
15.250% to 15.499%...... 64 9,908,896.88 11.31
15.500% to 15.749%...... 47 6,277,944.92 7.16
15.750% to 15.999%...... 109 16,107,452.64 18.38
16.000% to 16.249%...... 44 6,052,132.71 6.90
16.250% to 16.499%...... 45 5,908,438.04 6.74
16.500% to 16.749%...... 42 4,637,750.27 5.29
16.750% to 16.999%...... 52 7,595,239.12 8.67
17.000% to 17.249%...... 21 2,030,022.79 2.32
17.250% to 17.499%...... 23 2,409,363.66 2.75
17.500% to 17.749%...... 14 1,689,925.81 1.93
17.750% to 17.999%...... 17 1,545,535.94 1.76
18.000% to 18.249%...... 8 510,050.62 .58
18.250% to 18.499%...... 12 706,339.47 .81
18.500% to 18.749%...... 5 891,442.12 1.02
18.750% to 18.999%...... 2 126,421.23 .14
Greater than 19.999%.... 1 63,261.33 .07
--- -------------- ------
Total............... 640 $87,649,764.83 100.00%
=== ============== ======
</TABLE>
18
<PAGE>
Minimum Loan Rates--Group II Adjustable Rate Loans
<TABLE>
<CAPTION>
% of
Group II
Adjustable Rate
Loans by
Number of Outstanding
Loans Aggregate Principal Principal
as of Cut- Balance Outstanding Balance as of
Minimum Loan Rates off Date as of Cut-off Date Cut-off Date
- ------------------ ---------- ------------------- ---------------
<S> <C> <C> <C>
4.500% to 4.749%............... 1 $ 69,000.00 .08%
5.000% to 5.249%............... 1 155,500.00 .18
5.500% to 5.749%............... 2 305,238.51 .35
5.750% to 5.999%............... 6 764,634.71 .87
6.000% to 6.249%............... 4 641,729.82 .73
6.250% to 6.499%............... 4 345,083.01 .39
6.500% to 6.749%............... 2 326,753.43 .37
6.750% to 6.999%............... 7 1,099,201.69 1.25
7.000% to 7.249%............... 8 915,674.92 1.04
7.250% to 7.499%............... 8 845,581.18 .96
7.500% to 7.749%............... 4 549,676.74 .63
7.750% to 7.999%............... 18 3,181,318.57 3.63
8.000% to 8.249%............... 13 1,675,421.35 1.91
8.250% to 8.499%............... 19 3,163,731.44 3.61
8.500% to 8.749%............... 27 3,001,153.27 3.42
8.750% to 8.999%............... 82 15,296,099.97 17.45
9.000% to 9.249%............... 39 5,160,413.62 5.89
9.250% to 9.499%............... 66 9,639,430.80 11.00
9.500% to 9.749%............... 51 7,232,354.10 8.25
9.750% to 9.999%............... 105 14,119,551.41 16.11
10.000% to 10.249%............... 37 4,601,648.45 5.25
10.250% to 10.499%............... 36 4,783,714.69 5.46
10.500% to 10.749%............... 32 2,982,521.48 3.40
10.750% to 10.999%............... 24 3,016,083.94 3.44
11.000% to 11.249%............... 10 581,080.50 .66
11.250% to 11.499%............... 16 995,696.57 1.14
11.500% to 11.749%............... 8 1,508,622.88 1.72
11.750% to 11.999%............... 4 340,863.34 .39
12.000% to 12.249%............... 2 188.844.22 .22
12.250% to 12.499%............... 2 127,449.28 .15
12.500% to 12.749%............... 1 35,690.94 .04
--- -------------- ------
Total.......................... 640 $87,649,764.83 100.00%
=== ============== ======
</TABLE>
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