- --------------------------------------------------------------------------------
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) December 10, 1998
SUPERIOR BANK FSB (as depositor under the Pooling and Servicing Agreement, dated
as of September 1, 1998, providing for the issuance of AFC Mortgage Loan Asset
Backed Certificates, Series 1998-3)
Superior Bank FSB
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(Exact name of registrant as specified in its charter)
United States 333-61691 36-1414142
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(State or Other Jurisdiction (Commission (I.R.S. Employer
of Incorporation) File Number) Identification Number)
One Lincoln Centre
Oakbrook Terrace, Illinois 60181
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(Address of Principal (Zip Code)
Executive Offices)
Registrant's telephone number, including area code (630) 916-4000
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<PAGE>
Item 2. Acquisition or Disposition of Assets
------------------------------------
Description of the Certificates, Group 1 and Group 2
On September 24, 1998 a single series of certificates, entitled AFC
Mortgage Loan Asset Backed Certificates, Series 1998-3 (the "Certificates") were
issued pursuant to a pooling and servicing agreement (the "Agreement"), dated as
of September 1, 1998, among Superior Bank FSB, as depositor (the "Depositor")
and servicer (the "Servicer") and LaSalle National Bank, as trustee (the
"Trustee").
On September 29, 1998, following the closing of the initial issuance of
the Certificates, pursuant to the Agreement, the Trustee purchased from the
Depositor Subsequent Mortgage Loans, as defined in the Agreement, with an
aggregate principal balance equal to $12,970,637.34 with respect to Sub-Pool I
with funds on deposit in the Sub-Pool I Pre-Funding Account, $18,842,035.40 with
respect to Sub-Pool II with funds on deposit in the Sub-Pool II Pre-Funding
Account, $9,710,950.97 with respect to Sub-Pool III with funds on deposit in the
Sub-Pool III Pre- Funding Account and $8,333,875.26 with respect to Sub-Pool IV
with funds on deposit in the Sub- Pool IV Pre-Funding Account, each established
pursuant to the Agreement at a purchase price equal to the principal balance
thereof, which Subsequent Mortgage Loans were conveyed to the Trustee pursuant
to a Subsequent Transfer Instrument, dated September 29, 1998, between the
Depositor and the Trustee.
On October 28, 1998, following the closing of the initial issuance of
the Certificates, pursuant to the Agreement, the Trustee purchased from the
Depositor Subsequent Mortgage Loans, as defined in the Agreement, with an
aggregate principal balance equal to $7,538,438.68 with respect to Sub-Pool I
with funds on deposit in the Sub-Pool I Pre-Funding Account, $19,981,304.33 with
respect to Sub-Pool II with funds on deposit in the Sub-Pool II Pre-Funding
Account and $22,476,508.34 with respect to Sub-Pool III with funds on deposit in
the Sub-Pool III Pre-Funding Account, each established pursuant to the Agreement
at a purchase price equal to the principal balance thereof, which Subsequent
Mortgage Loans were conveyed to the Trustee pursuant to a Subsequent Transfer
Instrument, dated October 28, 1998, between the Depositor and the Trustee.
On November 24, 1998, following the closing of the initial issuance of
the Certificates, pursuant to the Agreement, the Trustee purchased from the
Depositor Subsequent Mortgage Loans, as defined in the Agreement, with an
aggregate principal balance equal to $31,624,417.84 with respect to Sub-Pool II
with funds on deposit in the Sub-Pool II Pre-Funding Account, and $29,809,914.58
with respect to Sub-Pool IV with funds on deposit in the Sub-Pool IV Pre-Funding
Account, each established pursuant to the Agreement at a purchase price equal to
the principal balance thereof, which Subsequent Mortgage Loans were conveyed to
the Trustee pursuant to a Subsequent Transfer Instrument, dated November 24,
1998, between the Depositor and the Trustee.
2
<PAGE>
On December 10, 1998, following the closing of the initial issuance of
the Certificates, pursuant to the Agreement, the Trustee purchased from the
Depositor Subsequent Mortgage Loans, as defined in the Agreement, with an
aggregate principal balance equal to $4,216,79.50 with respect to Sub-Pool II
with funds on deposit in the Sub-Pool II Pre-Funding Account, and $13,736,417.79
with respect to Sub-Pool IV with funds on deposit in the Sub-Pool IV Pre-Funding
Account, each established pursuant to the Agreement at a purchase price equal to
the principal balance thereof, which Subsequent Mortgage Loans were conveyed to
the Trustee pursuant to a Subsequent Transfer Instrument, dated December 10,
1998, between the Depositor and the Trustee (the "December 10 Instrument").
Attached to the December 10 Instrument are the Mortgage Loan Schedules with
respect to Group 1 and Group 2 listing the related Subsequent Mortgage Loans
that are the subject of such December 10 Instrument.
Items 3 through 6 and Item 8 are not included because they are not
applicable.
Item 7. Financial Statements and Exhibits
(a) Not applicable
(b) Not applicable
(c) Exhibits
4.1 Subsequent Transfer Instrument, dated December 10, 1998,
between Superior Bank FSB, as Depositor and LaSalle National Bank, as Trustee.
3
<PAGE>
SIGNATURES
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 thereunto duly
authorized.
SUPERIOR BANK FSB
By: /s/ William C. Bracken
-------------------------------
Name: William C. Bracken
Title: Senior Vice President
and Chief Financial Officer
Dated: December 10, 1998
<PAGE>
EXHIBIT TABLE
4.1 Subsequent Transfer Instrument, dated December 10, 1998,
between Superior Bank FSB, as Depositor and LaSalle National Bank, as Trustee.
EXHIBIT 4.1
<PAGE>
SUBSEQUENT TRANSFER INSTRUMENT
Pursuant to this Subsequent Transfer Instrument (the
"Instrument"), dated December 10, 1998, between Superior Bank FSB, as seller
(the "Depositor"), and LaSalle National Bank, as Trustee of the AFC Mortgage
Loan Asset Backed Certificates, Series 1998-3, as purchaser (the "Trustee"), and
pursuant to the Pooling and Servicing Agreement, dated as of September 1, 1998,
by and among Superior Bank FSB, as Depositor and Servicer, and LaSalle National
Bank, as Trustee (the "Pooling and Servicing Agreement"), the Depositor and the
Trustee agree to the sale by the Depositor and the purchase by the Trustee, on
behalf of the Trust Fund, of the Mortgage Loans listed on the attached Schedule
of Mortgage Loans (the "Subsequent Mortgage Loans").
Capitalized terms used and not defined herein have their
respective meanings as set forth in the Pooling and Servicing Agreement.
Section 1. Conveyance of Subsequent Mortgage Loans.
---------------------------------------
(a) The Depositor, upon receipt of the purchase price
therefor, does hereby sell, transfer, assign, set over and convey to the
Trustee, on behalf of the Trust Fund, without recourse, all of its right, title
and interest in and to the Subsequent Mortgage Loans, excepting the Depositor's
Yield, and including all amounts due on the Subsequent Mortgage Loans after the
related Subsequent Cut-Off Date, and all items with respect to the Subsequent
Mortgage Loans to be delivered pursuant to Section 2.04 of the Pooling and
Servicing Agreement; provided, however that the Depositor reserves and retains
all right, title and interest in and to amounts (including Prepayments,
Curtailments and Excess Payments) due on the Subsequent Mortgage Loans on or
prior to the related Subsequent Cut-off Date. The Depositor, contemporaneously
with the delivery of this Agreement, has delivered or caused to be delivered to
the Trustee or, if a Custodian has been appointed pursuant to Section 12.12 of
the Pooling and Servicing Agreement, to the Custodian each item set forth in
Section 2.04 of the Pooling and Servicing Agreement. The transfer to the Trustee
by the Depositor of the Subsequent Mortgage Loans identified on the Mortgage
Loan Schedule shall be absolute and is intended by the Depositor, the Servicer,
the Trustee and the Certificateholders to constitute and to be treated as a sale
by the Depositor to the Trust Fund.
(b) The expenses and costs relating to the delivery of the
Subsequent Mortgage Loans, this Instrument and the Pooling and Servicing
Agreement shall be borne by the Depositor.
(c) Additional terms of the sale are set forth on Attachment A
hereto.
Section 2. Representations And Warranties; Conditions
Precedent.
------------------------------------------
(a) The Depositor, contemporaneously with the delivery of this
Agreement, hereby affirms the representations and warranties set forth in
Section 3.02 of the Pooling and Servicing Agreement that relate to the
Subsequent Mortgage Loans as of the date hereof. The Depositor hereby confirms
that each of the conditions set forth in Section 2.10(b), and as
<PAGE>
applicable, Section 2.10(c) or Section 2.10(d), of the Pooling and Servicing
Agreement are satisfied as of the date hereof.
(b) All terms and conditions of the Pooling and Servicing
Agreement are hereby ratified and confirmed; provided, however, that in the
event of any conflict the provisions of this Instrument shall control over the
conflicting provisions of the Pooling and Servicing Agreement.
Section 3. Recordation of Instrument.
-------------------------
To the extent permitted by applicable law, this Instrument, or
a memorandum thereof if permitted under applicable law, is subject to
recordation in all appropriate public offices for real property records in all
of the counties or other comparable jurisdictions in which any or all of the
properties subject to the Mortgages are situated, and in any other appropriate
public recording office or elsewhere, such recordation to be effected by the
Servicer at the Certificateholders' expense on direction of the Certificate
Insurer or the related Majority Certificateholders, but only when accompanied by
an Opinion of Counsel to the effect that such recordation materially and
beneficially affects the interests of the Certificateholders or is necessary for
the administration or servicing of the Mortgage Loans.
Section 4. Governing Law.
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This Instrument shall be construed in accordance with the laws
of the State of New York and the obligations, rights and remedies of the parties
hereunder shall be determined in accordance with such laws, without giving
effect to principles of conflicts of law.
Section 5. Counterparts.
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This Instrument may be executed in one or more counterparts
and by the different parties hereto on separate counterparts, each of which,
when so executed, shall be deemed to be an original; such counterparts,
together, shall constitute one and the same instrument.
-2-
<PAGE>
Section 6. Successors and Assigns.
----------------------
This Instrument shall inure to the benefit of and be binding
upon the Depositor and the Trustee and their respective successors and assigns.
SUPERIOR BANK FSB
By: /s/ William C. Bracken
--------------------------------
Name: William C. Bracken
Title: Senior Vice President and
Chief Financial Officer
AFC MORTGAGE LOAN ASSET
BACKED CERTIFICATES, SERIES 1998-3
By: Lasalle National Bank,
as Trustee
By:/s/ Shashank Mishra
--------------------------------
Name: Shashank Mishra
Title: First Vice President
Attachments
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A. Additional terms of the sale.
B. Schedule of Subsequent Mortgage Loans.
-3-
<PAGE>
AFC MORTGAGE LOAN ASSET BACKED CERTIFICATES, SERIES 1998-3
ATTACHMENT A TO SUBSEQUENT TRANSFER
INSTRUMENT FOR GROUP 1
Series 1998-3
December 10, 1998
A.
1. Subsequent Cut-off Date: December 9, 1998
2. Pricing Date:
3. Subsequent Transfer Date: December 10, 1998
4. Aggregate Principal Balance of the Subsequent
Mortgage Loans as of the Subsequent Cut-off Date: $4,216,791.50
5. Purchase Price: 100.00%
6. Amount for deposit into the Group 1 Interest Coverage
Account $18,384.66
B. As to all the Subsequent Mortgage Loans the subject of this Instrument:
1. Loans 30 or more days delinquent -0-
2. Shortest original term to maturity: 60 months
3. Longest original term to maturity: 360 months
4. Lowest Mortgage Rate: SP I: % SP II: 7.75%
5. Greatest Combined Loan-to-Value Ratio: 90.00 %
6. Weighted Average Term since origination (A): 0.28 months
7. February 1, 1998 first payment date (A): 0%
As to the final transfer of Subsequent Mortgage Loans:
SUB-POOL 1 SUB-POOL II
---------- -----------
8. WAC of all Mortgage Loans: 10.41% 10.50%
9. WAM of all Mortgage Loans: 269.32 months 237.27 months
10. Maximum Weighted average CLTV: 78.43% 77.27%
11. Balloon Mortgage Loans: 27.37 26.16%
12. Largest Principal Balance: $225,500.00 $900,000.00
13. Non-owner occupied Mortgaged Properties: 5.29% 11.60%
14. Maximum zip code concentration: 1.33% 0.53%
15. Condominiums: -% 2.39%
16. Single-family: 100% 83.52%
17. Multifamily and Mixed Use -% 7.89%
18. Manufactured Housing -% 6.20%
19. First Priority Lien 100% 71.58%
(A) As of the end of the Group 1 funding period.
<PAGE>
AFC MORTGAGE LOAN ASSET BACKED CERTIFICATES, SERIES 1998-3
ATTACHMENT A TO SUBSEQUENT TRANSFER
INSTRUMENT FOR GROUP 2
Series 1998-3
December 10, 1998
A.
1. Subsequent Cut-off Date: December 9, 1998
2. Pricing Date:
3. Subsequent Transfer Date: December 10, 1998
4. Aggregate Principal Balance of the Subsequent
Mortgage Loans as of the Subsequent Cut-off Date: $13,736,417.79
5. Purchase Price: 100.00%
6. Amount for deposit into the Group 1 Interest Coverage
Account $0
B. As to all the Subsequent Mortgage Loans the subject of this Instrument:
1. Loans 30 or more days delinquent -0-
2. Shortest original term to maturity: 360 months
3. Longest original term to maturity: 360 months
4. Minimum Gross Margin: 4.00 %
5. Greatest LTV Ratio: 90.00 %
6. Maximum Mortgage Rate: 19.25 %
7. Weighted Average Term since origination (A): 1.21 months
8. February 1, 1998 first payment date (A): -0-%
As to the final transfer of Subsequent Mortgage Loans:
SUB-POOL 1 SUB-POOL II
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9. WA Gross Margin 6.78% 10.50%
10. WAC of all Mortgage Loans: 10.13% 10.15%
11. WAM of all Mortgage Loans: 358.68 months 356.91%
12. Balloon Mortgage Loans: 81.41 81.75%
13. Largest Principal Balance: $221,186.69 $768,208.45
14. Non-owner occupied Mortgaged Properties: 3.13% 3.83%
15. Maximum zip code concentration: 1.16% 1.38%
16. Condominiums: -% 3.70%
17. Single-family: 100% 90.94%
18. Multifamily, Mixed Use and Commercial
Properties -% -%
19. Manufactured Housing -% 5.36%
20. First Priority Lien 100% 100%
(A) As of the end of the Group 2 funding period.
<PAGE>
SCHEDULE OF SUBSEQUENT MORTGAGE LOANS
<PAGE>
<TABLE>
<CAPTION>
ALLIANCE FUNDING Sale Schedule - Group 1, Sub-Pool I & II
A division of Superior Bank FSB 1998-3 Class 1 - 4th Subsequent Transfer of Fixed Rate Mortgages - Settlement 12/10/98
Principal
Zip Balance at
Pool ID Account Name Address City State Code Origination
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<S> <C> <C> <C> <C> <C> <C> <C>
238-59 801228115 SCHNEIDER ANDREW P 209 HILLWOOD BLVD NASHVILLE TN 37205 42,000.00
238-59 801254301 DAY LEE I 235 BUTTERFIELD LN FAYETTEVILL GA 30214 55,750.00
238-59 5100021442 SHIVELEY SHELLEY R 4860 SEYMOUR LAKE ROAD OXFORD MI 48371 24,400.00
238-59 5100022408 BREY ROBERT J 933 SUMMIT STREET HANCOCK MI 49930 33,900.00
238-59 5100023497 BRAKE LARRY L 1007 EAST 38TH AVENUE SPOKANE WA 99203 71,700.00
238-59 5100024693 FONG WILSON W 3107 58TH AVENUE NORTHEAST TACOMA WA 98422 17,000.00
238-59 5100025237 SWARTHOUT WANDA L 548 MILL STREET ZUMBROTA MN 55992 50,200.00
238-59 5100025245 CAHILL PAMELA E 7 VICTORIA STREET CENTERVILLE MA 02632 85,300.00
238-59 5100026052 SANDERS SHIRLEY S 609 WASHINGTON ARNOLD MO 63010 28,900.00
238-59 5100026250 NELSON CHRISTINA L 1601 FULTON AVENUE HANNIBAL MO 63401 43,400.00
238-59 5100026516 HILL DONALD E 1130 LINDEN AVENUE LEWISTON ID 83501 47,000.00
238-59 5100026870 REDOVICH RONALD G 2655 FAIRWAY DRIVE JACKSON MI 49201 43,100.00
238-59 5100027548 WILLIAMS JACQUELINE 8796 SHORT CUT ROAD FAIR HAVEN MI 48023 13,300.00
238-59 5100027761 MCBROOM RODERICK S 80450 SAGEBRUSH ROAD HERMISTON OR 97838 108,000.00
238-59 5100029445 PAGE SHIRLEY 18925 CARMONA DRIVE SOUTHFIELD MI 48075 18,400.00
238-59 5100030740 SOUTHWICK RAY 5232 NE RODNEY AVENUE PORTLAND OR 97211 41,400.00
238-59 5100030955 LACROIX JACQUELINE 104 106 BOSTON AVENUE SOMERVILLE MA 02143 214,200.00
238-59 5100031714 TSALTAS ANASTASIA 154 ELLIOTT STREET DANVERS MA 01923 44,400.00
238-59 5100031730 MITZEL SCOTT J 1516 18TH AVENUE SW MINOT ND 58701 73,600.00
238-59 5600006224 LARSEN TODD R 320 OAK DRIVE YOUNG AMERI MN 55397 12,700.00
238-59 5600006562 COLLINS BRIDGET D 1877 OLD HARRIMAN HWY OLIVER SPRI TN 37840 33,800.00
238-59 5600006612 JAYNES JAMES R 130 GRAPEVINE TRAIL GREENEVILLE TN 37745 130,300.00
238-59 5600006711 TOWNSEND MICHAEL 3000 MARRAN DRIVE SOUTHWES ROCKY FACE GA 30740 58,600.00
238-59 5600007016 ROSSI BRETT R 317 10TH STREET NW CHISHOLM MN 55719 32,500.00
238-59 5600007065 SMITH ANTHONY P 1821 LOUISIANA AVENUE SOUT ST LOUIS PA MN 55426 12,400.00
238-59 5600007560 LOPEZ LARRY G 4321 BLUEFLAX DRIVE PUEBLO CO 81001 38,600.00
238-59 5600008154 BAUMEISTER DAVID F 427 PINE GROVE AVENUE BURLINGTON WI 53105 30,600.00
238-59 5600008196 BERG VERNON 2203 RUDOLPH ROAD EAU CLAIRE WI 54701 70,300.00
238-59 5600009129 SMURR MATTHEW E 470 LAKE JULIANA DRIVE AUBURNDALE FL 33823 289,700.00
238-59 5600009228 MOORE VELMA 505 BODE STREET PARIS TN 38242 35,800.00
238-59 5700002453 TAYLOR MARLEA K 3859 HARRISON ROAD BELLEFONTAI OH 43311 22,800.00
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32 Sale Total 1,843,550.00
238-60 801209685 HODGKINS EMMETT J 5013 TRAILWATER DR ANTIOCH TN 37013 76,000.00
238-60 801324658 COHEN LAWRENCE H 5 LONGMEADOW ROAD NEWTON MA 02159 101,200.00
238-60 801338823 GUSTAFSON LORRY 265 ALLENDALE DRIVE ST HELENS OR 97051 78,400.00
238-60 5100022218 BRECHEISEN JOHN D SR 1420 WILLIS AVENUE PETOSKEY MI 49770 41,000.00
238-60 5100023315 STENNIS PATRICIA 18078 ST MARYS STREET DETROIT MI 48235 35,800.00
238-60 5100023406 DAVIS MARGARET ELLEN 818 DAVIDSON DRIVE IDAHO FALLS ID 83401 43,200.00
238-60 5100024941 COLE DAVID L 107 SHERWOOD LANE CASTLE ROCK WA 98611 93,500.00
238-60 5100026128 MULVIHILL TIMOTHY S 9380 HILTON ROAD BRIGHTON MI 48114 24,100.00
238-60 5100026433 JAMISON BERNICE 137 N LAWN AVENUE ELMSFORD NY 10523 36,600.00
238-60 5100026474 KERTH KIM K 907 SOUTH 9TH AVENUE YAKIMA WA 98902 73,100.00
238-60 5100026904 BALLARD JUDITH A 3901 MADISON DEARBORN HE MI 48125 46,900.00
238-60 5100028439 QUIROZ HECTOR E 2060 BUCK STREET EUGENE OR 97405 100,600.00
238-60 5100029072 ROBINSON MICHAEL 12619 MUNSON STREET NE KINGSTON WA 98346 19,100.00
238-60 5100029775 MOSER STEPHEN K 74 DEVONSHIRE DRIVE CHESHIRE MA 01225 102,800.00
238-60 5100031979 ASKEW SCOTT MICHAEL 321 NORTH 3RD STREET WALTERS OK 73572 38,300.00
238-60 5100052959 DOWNING JOHN R 76 SAW MILL HILL ROAD STERLING CT 06377 95,200.00
238-60 5100053510 COX EDDIE 6320 MURRAY ROAD JACKSON MI 49201 98,900.00
238-60 5500003149 RISHKOFSKI KIMBERLY 14 LANNING LANE MILFORD NJ 08848 24,300.00
238-60 5500004014 DEMELLO DIANE L 114 APPLEWOOD DRIVE GIBSONIA PA 15044 16,400.00
238-60 5500004204 MOSS ROBERT D 327 CRYSTAL STREET JOHNSTOWN PA 15906 48,400.00
238-60 5500004279 BERTUZZI BRY DIANNE M 625 HIGH ST PORTAGE PA 15946 87,600.00
238-60 5500004378 MURAWSKI JAMES 22 GLENSIDE DRIVE NEW CITY NY 10956 131,900.00
238-60 5500004394 SHERWOOD WILLIAM 698 NORTH WOOD ROAD FREEVILLE NY 13068 62,900.00
238-60 5500004477 KREJCHI JOHN H 425 SEVEN PONDS TOWD RD WATER MILL NY 11976 194,700.00
238-60 5500004535 BENKA KAREN F 649 PROSPECT AVE OLEAN NY 14760 96,300.00
238-60 5500005292 CIOFFI JOSEPH A 11 CREEKSIDE LANE LATHAM NY 12110 100,800.00
238-60 5500005805 LAKATOS CAROL 4780 CLEAR LAKE SHORE GRASS LAKE MI 49240 68,100.00
</TABLE>
<TABLE>
<CAPTION>
Cut-off Date First
Principal Payment Maturity Rem Paid thru Date
Pool ID Account Name Balance Date Date Term Date Due
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
238-59 801228115 SCHNEIDER ANDREW P 42,000.00 12/02/98 11/02/08 118.78 11/02/98 12/02/98
238-59 801254301 DAY LEE I 55,750.00 12/12/98 11/12/13 179.11 11/12/98 12/12/98
238-59 5100021442 SHIVELEY SHELLEY R 24,400.00 01/01/99 11/21/08 119.74 12/01/98 01/01/99
238-59 5100022408 BREY ROBERT J 33,091.66 01/04/99 12/01/03 59.84 02/01/99 03/01/99
238-59 5100023497 BRAKE LARRY L 71,700.00 01/01/99 11/09/18 239.74 12/01/98 01/01/99
238-59 5100024693 FONG WILSON W 17,000.00 01/01/99 11/15/13 179.74 12/01/98 01/01/99
238-59 5100025237 SWARTHOUT WANDA L 50,200.00 01/01/99 11/15/13 179.74 12/01/98 01/01/99
238-59 5100025245 CAHILL PAMELA E 85,300.00 01/01/99 11/05/21 275.74 12/01/98 01/01/99
238-59 5100026052 SANDERS SHIRLEY S 28,900.00 01/01/99 11/15/13 179.74 12/01/98 01/01/99
238-59 5100026250 NELSON CHRISTINA L 43,400.00 01/01/99 11/08/19 251.74 12/01/98 01/01/99
238-59 5100026516 HILL DONALD E 47,000.00 01/01/99 11/21/08 119.74 12/01/98 01/01/99
238-59 5100026870 REDOVICH RONALD G 43,100.00 01/01/99 11/21/08 119.74 12/01/98 01/01/99
238-59 5100027548 WILLIAMS JACQUELINE 13,300.00 01/01/99 11/09/18 239.74 12/01/98 01/01/99
238-59 5100027761 MCBROOM RODERICK S 108,000.00 01/01/99 11/03/23 299.74 12/01/98 01/01/99
238-59 5100029445 PAGE SHIRLEY 18,400.00 01/01/99 11/15/13 179.74 12/01/98 01/01/99
238-59 5100030740 SOUTHWICK RAY 41,400.00 01/01/99 11/21/08 119.74 12/01/98 01/01/99
238-59 5100030955 LACROIX JACQUELINE 214,200.00 01/01/99 11/09/18 239.74 12/01/98 01/01/99
238-59 5100031714 TSALTAS ANASTASIA 44,400.00 01/01/99 11/21/08 119.74 12/01/98 01/01/99
238-59 5100031730 MITZEL SCOTT J 73,600.00 01/01/99 11/01/24 311.74 12/01/98 01/01/99
238-59 5600006224 LARSEN TODD R 12,700.00 01/01/99 11/24/06 95.74 12/01/98 01/01/99
238-59 5600006562 COLLINS BRIDGET D 33,647.22 01/04/99 11/18/13 179.84 02/01/99 03/01/99
238-59 5600006612 JAYNES JAMES R 129,146.72 01/04/99 11/24/08 119.84 02/01/99 03/01/99
238-59 5600006711 TOWNSEND MICHAEL 58,306.76 01/04/99 11/18/13 179.84 02/01/99 03/01/99
238-59 5600007016 ROSSI BRETT R 32,195.51 01/04/99 11/24/08 119.84 02/01/99 03/01/99
238-59 5600007065 SMITH ANTHONY P 12,362.39 01/04/99 11/13/15 203.84 02/01/99 03/01/99
238-59 5600007560 LOPEZ LARRY G 37,980.26 01/04/99 11/28/05 83.84 02/01/99 03/01/99
238-59 5600008154 BAUMEISTER DAVID F 30,600.00 01/01/99 11/21/08 119.74 12/01/98 01/01/99
238-59 5600008196 BERG VERNON 70,080.26 01/04/99 11/16/15 203.84 02/01/99 03/01/99
238-59 5600009129 SMURR MATTHEW E 289,700.00 01/01/99 11/03/23 299.74 12/01/98 01/01/99
238-59 5600009228 MOORE VELMA 35,539.86 01/04/99 11/24/08 119.84 02/01/99 03/01/99
238-59 5700002453 TAYLOR MARLEA K 22,380.06 01/04/99 11/29/04 71.84 02/01/99 03/01/99
---------------------------------- ------------ ------
32 Sale Total 1,839,280.70 205.94
238-60 801209685 HODGKINS EMMETT J 76,000.00 01/01/99 12/01/28 359.74 12/01/98 01/01/99
238-60 801324658 COHEN LAWRENCE H 101,200.00 01/01/99 11/09/18 239.74 12/01/98 01/01/99
238-60 801338823 GUSTAFSON LORRY 78,267.83 01/04/99 11/06/23 299.84 02/01/99 03/01/99
238-60 5100022218 BRECHEISEN JOHN D SR 40,931.80 01/04/99 11/09/18 239.84 02/01/99 03/01/99
238-60 5100023315 STENNIS PATRICIA 35,800.00 01/01/99 11/16/12 167.74 12/01/98 01/01/99
238-60 5100023406 DAVIS MARGARET ELLEN 43,200.00 01/01/99 11/15/13 179.74 12/01/98 01/01/99
238-60 5100024941 COLE DAVID L 93,500.00 01/01/99 11/21/08 119.74 12/01/98 01/01/99
238-60 5100026128 MULVIHILL TIMOTHY S 24,100.00 01/01/99 11/21/08 119.74 12/01/98 01/01/99
238-60 5100026433 JAMISON BERNICE 36,600.00 01/01/99 11/21/08 119.74 12/01/98 01/01/99
238-60 5100026474 KERTH KIM K 73,100.00 01/01/99 11/08/19 251.74 12/01/98 01/01/99
238-60 5100026904 BALLARD JUDITH A 46,900.00 01/01/99 10/29/27 347.74 12/01/98 01/01/99
238-60 5100028439 QUIROZ HECTOR E 100,600.00 01/01/99 11/15/13 179.74 12/01/98 01/01/99
238-60 5100029072 ROBINSON MICHAEL 19,100.00 01/01/99 11/15/13 179.74 12/01/98 01/01/99
238-60 5100029775 MOSER STEPHEN K 102,800.00 01/01/99 10/27/28 359.74 12/01/98 01/01/99
238-60 5100031979 ASKEW SCOTT MICHAEL 38,300.00 01/01/99 11/24/06 95.74 12/01/98 01/01/99
238-60 5100052959 DOWNING JOHN R 95,200.00 01/01/99 11/08/19 251.74 12/01/98 01/01/99
238-60 5100053510 COX EDDIE 98,807.55 01/04/99 10/30/28 359.84 02/01/99 03/01/99
238-60 5500003149 RISHKOFSKI KIMBERLY 24,300.00 12/26/98 11/15/08 119.57 11/26/98 12/26/98
238-60 5500004014 DEMELLO DIANE L 16,400.00 12/18/98 11/07/08 119.31 11/18/98 12/18/98
238-60 5500004204 MOSS ROBERT D 47,766.12 12/30/98 11/22/06 95.70 01/24/99 02/24/99
238-60 5500004279 BERTUZZI BRY DIANNE M 87,600.00 12/18/98 11/07/08 119.31 11/18/98 12/18/98
238-60 5500004378 MURAWSKI JAMES 131,900.00 12/30/98 11/01/23 299.70 11/30/98 12/30/98
238-60 5500004394 SHERWOOD WILLIAM 62,900.00 12/24/98 11/07/13 179.51 11/24/98 12/24/98
238-60 5500004477 KREJCHI JOHN H 194,700.00 12/25/98 10/27/23 299.54 11/25/98 12/25/98
238-60 5500004535 BENKA KAREN F 95,059.36 01/04/99 11/27/06 95.84 02/01/99 03/01/99
238-60 5500005292 CIOFFI JOSEPH A 100,710.61 01/04/99 11/01/27 347.84 02/01/99 03/01/99
238-60 5500005805 LAKATOS CAROL 67,425.15 12/28/98 11/17/08 119.64 01/22/99 02/22/99
</TABLE>
<TABLE>
<CAPTION>
Original Current Scheduled
LTV Mortgage Payment
Pool ID Account Name Ratio Rate Int & Prin
- ------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
238-59 801228115 SCHNEIDER ANDREW P 79.8 12.850 623.39
238-59 801254301 DAY LEE I 82.2 9.150 570.44
238-59 5100021442 SHIVELEY SHELLEY R 89.9 11.375 314.99
238-59 5100022408 BREY ROBERT J 71.6 10.125 666.63
238-59 5100023497 BRAKE LARRY L 73.1 8.875 590.11
238-59 5100024693 FONG WILSON W 79.9 13.500 203.71
238-59 5100025237 SWARTHOUT WANDA L 74.9 8.500 456.25
238-59 5100025245 CAHILL PAMELA E 55.0 9.740 715.93
238-59 5100026052 SANDERS SHIRLEY S 40.1 8.250 258.77
238-59 5100026250 NELSON CHRISTINA L 73.5 8.125 331.81
238-59 5100026516 HILL DONALD E 75.5 9.875 570.23
238-59 5100026870 REDOVICH RONALD G 52.6 8.250 487.89
238-59 5100027548 WILLIAMS JACQUELINE 55.6 11.240 128.72
238-59 5100027761 MCBROOM RODERICK S 90.0 11.525 1,015.10
238-59 5100029445 PAGE SHIRLEY 89.9 11.525 198.66
238-59 5100030740 SOUTHWICK RAY 29.1 11.250 531.74
238-59 5100030955 LACROIX JACQUELINE 84.0 10.990 2,039.33
238-59 5100031714 TSALTAS ANASTASIA 79.7 11.125 567.36
238-59 5100031730 MITZEL SCOTT J 79.1 10.240 623.72
238-59 5600006224 LARSEN TODD R 79.9 13.250 198.63
238-59 5600006562 COLLINS BRIDGET D 84.5 9.875 332.85
238-59 5600006612 JAYNES JAMES R 88.6 10.375 1,614.24
238-59 5600006711 TOWNSEND MICHAEL 51.4 8.750 540.55
238-59 5600007016 ROSSI BRETT R 79.2 9.375 386.07
238-59 5600007065 SMITH ANTHONY P 75.5 11.275 126.27
238-59 5600007560 LOPEZ LARRY G 32.4 8.750 568.64
238-59 5600008154 BAUMEISTER DAVID F 81.6 11.750 401.10
238-59 5600008196 BERG VERNON 87.8 10.999 704.20
238-59 5600009129 SMURR MATTHEW E 82.7 11.250 2,669.27
238-59 5600009228 MOORE VELMA 79.5 13.750 508.04
238-59 5700002453 TAYLOR MARLEA K 60.7 10.775 398.08
---------------------------------- --------------------------------
32 Sale Total 76.0 10.523 19,626.45
238-60 801209685 HODGKINS EMMETT J 80.0 8.990 610.97
238-60 801324658 COHEN LAWRENCE H 84.9 11.875 1,020.36
238-60 801338823 GUSTAFSON LORRY 58.0 8.875 601.09
238-60 5100022218 BRECHEISEN JOHN D SR 79.9 12.875 439.99
238-60 5100023315 STENNIS PATRICIA 73.8 13.000 427.97
238-60 5100023406 DAVIS MARGARET ELLEN 71.4 12.500 491.43
238-60 5100024941 COLE DAVID L 67.2 8.250 1,058.41
238-60 5100026128 MULVIHILL TIMOTHY S 79.6 10.875 304.81
238-60 5100026433 JAMISON BERNICE 20.9 9.125 430.18
238-60 5100026474 KERTH KIM K 77.7 7.875 548.24
238-60 5100026904 BALLARD JUDITH A 58.6 8.375 331.60
238-60 5100028439 QUIROZ HECTOR E 84.9 12.000 1,114.34
238-60 5100029072 ROBINSON MICHAEL 48.7 9.375 182.75
238-60 5100029775 MOSER STEPHEN K 84.9 10.990 902.92
238-60 5100031979 ASKEW SCOTT MICHAEL 58.9 8.375 506.46
238-60 5100052959 DOWNING JOHN R 80.0 7.875 713.98
238-60 5100053510 COX EDDIE 87.1 9.375 759.28
238-60 5500003149 RISHKOFSKI KIMBERLY 85.4 10.375 301.04
238-60 5500004014 DEMELLO DIANE L 52.9 10.875 207.42
238-60 5500004204 MOSS ROBERT D 75.0 9.250 660.20
238-60 5500004279 BERTUZZI BRY DIANNE M 73.0 7.750 970.26
238-60 5500004378 MURAWSKI JAMES 71.6 8.125 949.74
238-60 5500004394 SHERWOOD WILLIAM 86.1 11.375 673.57
238-60 5500004477 KREJCHI JOHN H 59.9 9.775 1,604.61
238-60 5500004535 BENKA KAREN F 64.2 9.625 1,331.02
238-60 5500005292 CIOFFI JOSEPH A 80.6 10.125 829.60
238-60 5500005805 LAKATOS CAROL 41.2 8.375 775.06
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
ALLIANCE FUNDING Sale Schedule - Group 1, Sub-Pool I & II
A division of Superior Bank FSB 1998-3 Class 1 - 4th Subsequent Transfer of Fixed Rate Mortgages - Settlement 12/10/98
Principal
Zip Balance at
Pool ID Account Name Address City State Code Origination
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
238-60 5500006209 LAFOUNTAIN RONALD L 309 JOHN KING ROAD CRESTVIEW FL 32539 15,700.00
238-60 5600007180 HAUGEN HARRIS D 9134 COUNTY ROAD 11 NW ALEXANDRIA MN 56308 111,500.00
238-60 5600007313 SMITH MICHAEL J 1212 19TH STREET SOUTH MOORHEAD MN 56560 63,700.00
238-60 5600007982 PORADEK THERESE A 5233 BALL PARK ROAD LITTLE SUAM WI 54141 37,700.00
238-60 5600008238 HUNTER THOMAS MICHAEL 3903 GLEN VALLEY ROAD LOUISVILLE KY 40219 17,400.00
238-60 5600008378 WELLIK NEAL B 429 NORTH 38TH WEST AVENUE DULUTH MN 55807 47,700.00
238-60 5600008519 ARCHIE IRMA L 1631 MCCONIHE STREET JACKSONVILL FL 32209 40,800.00
238-60 5600009749 ROBERTSON DANIEL CONNOR 5408 THOMASON ROAD CARLSBAD NM 88220 19,600.00
238-60 5600023559 D'ANGELO JERRY V 3825 S 60TH COURT CICERO IL 60804 92,000.00
-------------
2,382,200.00
4,225,750.00
</TABLE>
<TABLE>
<CAPTION>
Cut-off Date First
Principal Payment Maturity Rem Paid thru Date
Pool ID Account Name Balance Date Date Term Date Due
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
238-60 5500006209 LAFOUNTAIN RONALD L 15,475.34 01/04/99 11/28/05 83.84 02/01/99 03/01/99
238-60 5600007180 HAUGEN HARRIS D 111,500.00 01/01/99 11/24/06 95.74 12/01/98 01/01/99
238-60 5600007313 SMITH MICHAEL J 63,700.00 01/01/99 11/21/08 119.74 12/01/98 01/01/99
238-60 5600007982 PORADEK THERESE A 37,178.02 01/04/99 11/28/05 83.84 02/01/99 03/01/99
238-60 5600008238 HUNTER THOMAS MICHAEL 17,007.66 01/04/99 11/28/03 59.84 02/01/99 03/01/99
238-60 5600008378 WELLIK NEAL B 47,602.87 01/04/99 11/09/18 239.84 02/01/99 03/01/99
238-60 5600008519 ARCHIE IRMA L 40,800.00 01/01/99 10/27/28 359.74 12/01/98 01/01/99
238-60 5600009749 ROBERTSON DANIEL CONNOR 19,141.73 01/04/99 11/28/03 59.84 02/01/99 03/01/99
238-60 5600023559 D'ANGELO JERRY V 91,936.76 01/04/99 11/03/23 299.84 02/01/99 03/01/99
----------------------------------- -------------- ------
36 Sale Total 2,377,510.80 224.31
68 Grand Total Sub-Pool II 4,216,791.50 216.30
</TABLE>
<TABLE>
<CAPTION>
Original Current Scheduled
LTV Mortgage Payment
Pool ID Account Name Ratio Rate Int & Prin
- -------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
238-60 5500006209 LAFOUNTAIN RONALD L 86.0 11.775 254.03
238-60 5600007180 HAUGEN HARRIS D 74.3 8.250 1,467.83
238-60 5600007313 SMITH MICHAEL J 89.4 9.875 772.84
238-60 5600007982 PORADEK THERESE A 83.7 12.625 625.85
238-60 5600008238 HUNTER THOMAS MICHAEL 67.0 12.250 359.21
238-60 5600008378 WELLIK NEAL B 90.0 11.375 465.73
238-60 5600008519 ARCHIE IRMA L 89.8 10.125 333.97
238-60 5600009749 ROBERTSON DANIEL CONNOR 88.7 10.875 392.14
238-60 5600023559 D'ANGELO JERRY V 80.0 14.000 1,022.22
----------------------------------- --------------------------------
36 Sale Total 73.7 9.910 24,441.12
68 Grand Total Sub-Pool II 74.7 10.177 44,067.57
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
ALLIANCE FUNDING SALE SCHEDULE A - GROUP 2, SUB-POOL III & IV
A DIVISION OF SUPERIOR BANK FSB 1998-3 - 4TH SUBSEQUENT TRANSFER OF ADJUSTABLE RATE MORTGAGES - SETTLEMENT 12/10/98
Principal
Zip Balance at
Pool ID Account Name Address City State Code Origination
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
324-05 800846636 GAYNOR COLEEN A 850 EAST 46TH STREET BROOKLYN NY 11203 135,900.00
324-05 800940397 DAMOCI CYNTHIA 14 RAINBOW DRIVE WOODBRIDGE NJ 07067 150,000.00
324-05 800952673 MORGAN DWELA M 100 14 202ND STREET HOLLIS NY 11434 134,400.00
324-05 800960783 ASKINS DAWN M 1871 WESTWOOD AVENUE CINCINNATI OH 45214 46,750.00
324-05 800966590 MAY RUSSELL R 3295 CARPER AVENUE AKRON OH 44312 93,534.00
324-05 800989402 KILROY KEITH R 3579 DEAN DRIVE BARBERTON OH 44203 92,650.00
324-05 800994691 INMAN RALPH A 1190 NORTH SHORE DRIVE GAYLORD MI 49735 104,000.00
324-05 800997371 BAKAREY ABASS A 161 LENOX ROAD BROOKLYN NY 11226 224,400.00
324-05 801003823 SNAPE KEVIN 57 HALLOCK STREET NEW HAVEN CT 06519 58,500.00
324-05 801011032 HODGES STEVEN G 21 JUNIPER CREEK ESTATES BOX SPRINGS GA 31801 72,000.00
324-05 801014796 GAULT PAUL L 117 CRAWFORD STREET MIDDLETOWN OH 45044 78,000.00
324-05 801026626 WOODS JESSIEBEE 150 56 FOCH BOULEVARD JAMAICA NY 11434 90,000.00
324-05 801028036 SELF DOUGLAS W 710 WEST 22ND PLACE KENNEWICK WA 99337 120,700.00
324-05 801029836 WILLIAMS CAROLYN 4 LONGBRIDGE DRIVE MOUNT LAURE NJ 08054 161,000.00
324-05 801030230 ZIMMER LORRAINE A 1367 PLAINFIELD RD SOUTH EUCLI OH 44121 64,000.00
324-05 801033945 PIERRE YVES 1458 EAST 86TH STREET BROOKLYN NY 11236 222,160.00
324-05 801038761 SIN JAY S 253 PARK AVENUE UNIT 18 RUTHERFORD NJ 07070 79,000.00
324-05 801044942 SWIFT WILLIE 3130 RICHMOND AVENUE LAKEHURST NJ 08733 88,200.00
324-05 801051285 CHRISTIE ROBERT E 12 PALAMAR ROAD MONROE NY 10950 113,900.00
324-05 801052770 WEST WANDA R 12913 WINDBROOK DR CLINTON MD 20735 117,000.00
324-05 801058652 CASSINELLI GARY M HC 87 BOX 9 TREADWELL NY 13846 124,000.00
324-05 801065665 SIMPSON JOHN 264 SOUTH OCEAN AVENUE PATCHOGUE NY 11772 101,500.00
324-05 801071796 HOLOCKER BRYAN W 139 CAVALRY COURT CENTREVILLE MD 21611 187,300.00
324-05 801081852 FLINN JASON B 2226 NORTH 600 WEST HARRISVILLE UT 84414 103,500.00
324-05 801086828 FILIP GEORGE 50 10 67TH STREET WOODSIDE NY 11377 161,500.00
324-05 801088857 DESIDERIO LAWRENCE J 114 SUBURBAN CT WEST SENECA NY 14224 104,975.00
324-05 801090234 COBER SCOTT L 3503 GLEN FOREST COURT GREENSBORO NC 27410 100,000.00
324-05 801096264 COLE WILLIAM J 70 GRASSY HILL ROAD WATERBURY CT 06705 131,750.00
324-05 801106931 BAUMANN RALPH E 45010 DESERT HILLS COURT LA QUINTA CA 92253 110,000.00
324-05 801107830 HARBUCK JASON 2411 N W 98TH AVENUE SUNRISE FL 33322 110,700.00
324-05 801115718 SMITH ANTHONY K 1110 HEATHER DRIVE CHAMBERSBUR PA 17201 81,690.00
324-05 801117250 RAMIREZ ANTHONY J 256 SOUTH 700 EAST SALT LAKE C UT 84102 121,500.00
324-05 801119926 SULLIVAN WILLIAM J 15 ASMARA WAY EASTON CT 06612 240,000.00
324-05 801122730 MARRAZZO DIANE 176 PARKVIEW AVENUE YONKERS NY 10708 195,500.00
324-05 801122912 WASHINGTON ELLA MAE 3 GARY DRIVE NORTH CHARL SC 29405 42,415.00
324-05 801127234 KIMMEL KEVIN R 28012 PALOMINO WARREN MI 48093 126,000.00
324-05 801129347 ROSADO NOEL 20 SOUTH PINE STREET WOODBRIDGE NJ 07095 97,750.00
324-05 801130378 DIULIO EDWARD J 599 TABERNACLE ROAD MEDFORD NJ 08055 212,000.00
324-05 801133836 LANG DANIEL F RR 2 LUCKY ROAD FELTON PA 17322 165,750.00
324-05 801137977 JOHNSON BRENDA 9 NORWOOD LANE WILLINGBORO NJ 08046 57,500.00
324-05 801146556 FRANK DAVID B 10640 CO ROAD 2000 ROLLA MO 65401 40,000.00
324-05 801147604 ROMERO CARLOS A 117 NORTH CONCORD FOREST THE WOODLAN TX 77380 276,000.00
324-05 801149774 SEIGEL CARLTON 943 BEATTY STREET TRENTON NJ 08611 41,650.00
324-05 801151903 LESTER MARIA 6409 WINCHESTER AVE VENTNOR NJ 08406 212,500.00
324-05 801152158 SCHULTHEIS GEORGE D SR 198 NORTH 2ND STREET BETHPAGE NY 11714 157,252.00
324-05 801154543 BROWN STEPHNEY 4616 CLARENDON ROAD BROOKLYN NY 11203 162,000.00
324-05 801155086 HAGAN ANNE M 336 SOUTH 19TH STREET PHILADELPHI PA 19103 136,000.00
324-05 801156548 THOMAS WALTER R 40485 HARRIS SUMPTER MI 48111 195,500.00
324-05 801157157 HAZIME FAWAZ 6044 BURGER DEARBORN H MI 48127 110,000.00
324-05 801165267 DEVITA ANTHONY M 10 WATERS EDGE KINNELON NJ 07405 200,000.00
324-05 801166216 LA PORTA JOSEPH 2200 EMERALD RIVER CIRCLE FORT MOHAVE AZ 86246 106,165.00
324-05 801166695 LYONS ERIC K 7925 BLACKWOOD LANE LAKE WORTH FL 33467 76,800.00
324-05 801167297 DIMAIO JAMES E JR 717 SOUTH COX STREET MIDDLETOWN DE 19909 134,300.00
324-05 801168477 NICHOLAS PAUL J 185 LONG ROAD MOUNT WOLF PA 17347 112,500.00
324-05 801173360 PLOTT JEFFREY HOWARD 8001 MOORESVILLE ROAD CONCORD NC 28027 120,000.00
324-05 801174871 ACEVEDO HERMES 83 KOPF STREET BRENTWOOD NY 11717 87,750.00
324-05 801175290 BADIYO RICHARD J 543 16TH STREET OGDEN UT 84404 81,900.00
</TABLE>
<TABLE>
<CAPTION>
Cut-off Date First Initial Minimum Maximum
Principal Payment Maturity Mortgage Mortgage Mortgage Gross
Pool ID Account Name Balance Date Date Rate Rate Rate Margin
- ----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
324-05 800846636 GAYNOR COLEEN A 135,345.50 08/01/98 07/01/28 12.250 11.250 18.250 7.875
324-05 800940397 DAMOCI CYNTHIA 149,947.95 12/01/98 11/01/28 11.125 10.125 17.125 8.000
324-05 800952673 MORGAN DWELA M 134,370.13 12/01/98 11/01/28 13.125 12.125 19.125 9.500
324-05 800960783 ASKINS DAWN M 46,727.23 12/01/98 11/01/28 9.375 8.375 15.375 5.750
324-05 800966590 MAY RUSSELL R 91,678.15 11/01/98 10/01/28 10.375 9.375 16.375 7.000
324-05 800989402 KILROY KEITH R 92,616.96 11/01/98 10/01/28 11.000 10.000 17.000 7.000
324-05 800994691 INMAN RALPH A 103,941.70 12/01/98 11/01/28 8.875 7.875 14.875 5.355
324-05 800997371 BAKAREY ABASS A 224,157.77 09/01/98 08/01/28 11.000 10.000 17.000 7.250
324-05 801003823 SNAPE KEVIN 58,500.00 12/01/98 11/01/28 11.125 10.125 17.125 7.750
324-05 801011032 HODGES STEVEN G 71,949.79 10/01/98 09/01/28 11.125 10.125 17.125 8.000
324-05 801014796 GAULT PAUL L 77,918.04 09/17/98 08/17/28 11.125 11.125 17.125 8.375
324-05 801026626 WOODS JESSIEBEE 90,000.00 12/01/98 11/01/28 11.000 10.000 17.000 7.500
324-05 801028036 SELF DOUGLAS W 120,592.76 01/01/99 12/01/28 10.000 9.000 16.000 7.125
324-05 801029836 WILLIAMS CAROLYN 160,679.42 09/01/98 08/01/28 9.500 8.500 15.500 6.625
324-05 801030230 ZIMMER LORRAINE A 64,000.00 01/01/99 12/01/28 11.875 10.875 17.875 8.000
324-05 801033945 PIERRE YVES 222,103.15 12/01/98 11/01/28 12.500 11.500 18.500 9.000
324-05 801038761 SIN JAY S 78,978.02 11/01/98 10/01/28 12.125 11.125 18.125 8.500
324-05 801044942 SWIFT WILLIE 88,029.35 10/01/98 09/01/28 10.000 10.000 16.000 7.250
324-05 801051285 CHRISTIE ROBERT E 113,860.48 12/01/98 11/01/28 11.125 10.125 17.125 7.500
324-05 801052770 WEST WANDA R 116,715.44 11/01/98 10/01/28 9.750 8.750 15.750 6.250
324-05 801058652 CASSINELLI GARY M 123,942.15 12/01/98 11/01/28 9.750 8.750 15.750 6.250
324-05 801065665 SIMPSON JOHN 101,500.00 12/01/98 11/01/28 13.250 12.250 19.250 9.100
324-05 801071796 HOLOCKER BRYAN W 187,300.00 12/01/98 11/01/28 9.875 9.875 15.875 6.250
324-05 801081852 FLINN JASON B 103,433.12 12/01/98 11/01/28 10.500 9.500 16.500 7.375
324-05 801086828 FILIP GEORGE 161,440.82 12/01/98 11/01/28 10.875 9.875 16.875 7.500
324-05 801088857 DESIDERIO LAWRENCE J 104,975.00 01/01/99 12/01/28 11.125 10.125 17.125 7.500
324-05 801090234 COBER SCOTT L 100,000.00 01/01/99 12/01/28 8.500 7.500 14.500 5.250
324-05 801096264 COLE WILLIAM J 131,750.00 01/01/99 12/01/28 9.125 8.125 15.125 5.500
324-05 801106931 BAUMANN RALPH E 110,000.00 01/01/99 12/01/28 8.500 7.500 14.500 5.375
324-05 801107830 HARBUCK JASON 110,565.39 11/01/98 10/01/28 10.500 9.500 16.500 7.375
324-05 801115718 SMITH ANTHONY K 81,690.00 12/01/98 11/01/28 10.875 9.875 16.875 7.000
324-05 801117250 RAMIREZ ANTHONY J 121,451.72 11/01/98 10/01/28 10.500 9.500 16.500 7.375
324-05 801119926 SULLIVAN WILLIAM J 240,000.00 01/01/99 12/01/28 9.875 8.875 15.875 6.000
324-05 801122730 MARRAZZO DIANE 195,011.53 08/01/98 07/01/28 9.500 8.500 16.500 6.500
324-05 801122912 WASHINGTON ELLA MAE 42,415.00 01/01/99 12/01/28 10.250 9.250 16.250 6.250
324-05 801127234 KIMMEL KEVIN R 126,000.00 01/01/99 12/01/28 10.125 9.125 16.125 7.000
324-05 801129347 ROSADO NOEL 97,716.08 11/01/98 10/01/28 11.125 10.125 17.125 7.375
324-05 801130378 DIULIO EDWARD J 212,000.00 01/01/99 12/01/28 11.375 10.375 17.375 8.000
324-05 801133836 LANG DANIEL F 165,750.00 01/01/99 12/01/28 10.500 9.500 16.500 6.250
324-05 801137977 JOHNSON BRENDA 57,480.05 12/01/98 11/01/28 11.125 10.125 17.125 7.375
324-05 801146556 FRANK DAVID B 39,986.11 12/01/98 11/01/28 11.125 10.125 17.125 8.875
324-05 801147604 ROMERO CARLOS A 276,000.00 01/01/99 12/01/28 11.500 10.500 17.500 7.500
324-05 801149774 SEIGEL CARLTON 41,621.74 11/01/98 10/01/28 11.250 10.250 17.250 7.875
324-05 801151903 LESTER MARIA 212,426.26 11/01/98 10/01/28 11.125 10.125 17.125 7.750
324-05 801152158 SCHULTHEIS GEORGE D SR 157,252.00 12/01/98 11/01/28 11.250 10.250 17.250 7.625
324-05 801154543 BROWN STEPHNEY 161,935.62 12/01/98 11/01/28 10.500 9.500 16.500 7.375
324-05 801155086 HAGAN ANNE M 135,869.15 11/01/98 10/01/28 9.625 8.625 15.625 6.500
324-05 801156548 THOMAS WALTER R 195,433.99 12/01/98 11/01/28 11.250 10.250 17.250 7.875
324-05 801157157 HAZIME FAWAZ 109,844.74 11/01/98 10/01/28 9.500 8.500 15.500 6.125
324-05 801165267 DEVITA ANTHONY M 200,000.00 01/01/99 12/01/28 8.875 7.875 14.875 6.125
324-05 801166216 LA PORTA JOSEPH 106,165.00 01/01/99 12/01/28 10.125 9.125 16.125 6.750
324-05 801166695 LYONS ERIC K 76,800.00 01/01/99 12/01/28 10.750 9.750 16.750 7.000
324-05 801167297 DIMAIO JAMES E JR 134,201.14 11/01/98 10/01/28 10.875 9.875 16.875 7.000
324-05 801168477 NICHOLAS PAUL J 112,443.19 12/01/98 11/01/28 9.375 8.375 15.375 6.750
324-05 801173360 PLOTT JEFFREY HOWARD 120,000.00 01/01/99 12/01/28 7.875 6.875 13.875 5.000
324-05 801174871 ACEVEDO HERMES 87,750.00 01/01/99 12/01/28 13.125 12.125 19.125 8.750
324-05 801175290 BADIYO RICHARD J 81,900.00 01/01/99 12/01/28 9.875 8.875 15.875 6.250
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
ALLIANCE FUNDING SALE SCHEDULE A - GROUP 2, SUB-POOL III & IV
A DIVISION OF SUPERIOR BANK FSB 1998-3 - 4TH SUBSEQUENT TRANSFER OF ADJUSTABLE RATE MORTGAGES - SETTLEMENT 12/10/98
Principal
Zip Balance at
Pool ID Account Name Address City State Code Origination
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
324-05 801176165 VALDEZ LEROY O 53 LOMA CHATA PLACITAS NM 87043 238,000.00
324-05 801178120 EDWARDS RANDY G 556 HANCES POINT ROAD NORTHEAST MD 21901 135,000.00
324-05 801178898 FUNKHOUSER MARK A 518 S 6TH STREET LEBANON PA 17042 61,200.00
324-05 801187055 ANDERSON JAMES A 9904 WILD TURKEY DRIVE NW ALBUQUERQUE NM 87114 190,000.00
324-05 801187329 FRANCIS TIMOTHY L 218 SOUTH 200 WEST BRIGHAM CIT UT 84302 67,200.00
324-05 801190265 SANSEVERINO MARIE V 1739 QUINNIPIAC AVENUE NEW HAVEN CT 06513 156,000.00
324-05 801193251 HAND WILLIAM F 625 HILLSDALE WHITMORE LA MI 48189 133,600.00
324-05 801197369 ABUSHANAB SUFIAN A LOT 62 BASKING RIDGE SHELTON CT 06484 219,800.00
324-05 801197641 LORENZONI RONALD J 9 BEACHWOOD GROVE ROAD BROOKFIELD CT 06804 225,000.00
324-05 801199316 THOMAS DEBORAH D 5008 10TH ST NE WASHINGTON DC 20017 102,400.00
324-05 801200247 BIRD JEFFREY J 3228 NORTH 900 EAST NORTH OGDEN UT 84414 120,480.00
324-05 801201211 PERRI JOEL 11453 EAST ELLSWORTH PLACE AURORA CO 80010 105,300.00
324-05 801201658 STEWART ROBERT J 8819 SIOUX REDFORD MI 48239 85,600.00
324-05 801204256 MITCHELL ANGELA TURNER- 761 HOPE STREET STAMFORD CT 06907 146,700.00
324-05 801205543 SANDOVAL RAFAEL 1849 GROVE STREET DENVER CO 80204 191,250.00
324-05 801209693 FRANCOIS JAMES 29 SOLOFF ROAD MASSAPEQUA NY 11758 102,000.00
324-05 801210246 GRAFF MICHAEL J 8353 OCTAVIUS STREET NORTH PORT FL 34287 71,100.00
324-05 801216342 HANSEN GLEN B 309 EAST 2475 NORTH NORTH LOGAN UT 84341 117,000.00
324-05 801221409 HATZIS HRISTOS 1157 74TH STREET BROOKLYN NY 11228 326,250.00
324-05 801244203 VAZZANO FRANK II 7 11 GRANDVIEW AVENUE FAIRFIELD CT 06432 228,000.00
324-05 801244682 OKONKOWSKI MICHAEL E 24924 BECK EASTPOINTE MI 48021 102,000.00
324-05 801261884 RUIZ ALFREDO 17 SOUTH UNION STREET BAYSHORE NY 11706 144,500.00
324-05 801262775 SPENCER EVELYN R 424 N EUCLID AVE INDIANAPOLI IN 46201 53,550.00
324-05 801263237 GOLDSTON GREGORY L 2461 SOUTHWEST 58TH MANOR FORT LAUDER FL 33312 68,000.00
324-05 801266941 IVEY MARGARET Y 825 N GRANT INDIANAPOLI IN 46201 60,300.00
324-05 801269770 FRENCH LISA M 18 EAST JIMMY LEEDS ROAD ABESCON NJ 08201 57,000.00
324-05 801276924 GEORGE SIMON 2195 VIVIAN WAY SOUTH SAINT PETER FL 33712 167,850.00
324-05 801283755 DUFOUR MARIE 1262 BERGEN AVENUE BROOKLYN NY 11234 286,200.00
324-05 801286378 ST JOUR JOSEPH DUTON 724 EAST 86TH STREET BROOKLYN NY 11236 252,000.00
324-05 801288424 CURRY ERIC 3712 E 144TH ST CLEVELAND OH 44120 52,000.00
324-05 801290859 FAIRLEIGH RICHARD LEE 5103 COPEN DRIVE COLORADO SP CO 80922 122,653.00
324-05 801293549 EMERIBE ANNGELON T 8 PINETREE ROAD WESTBURY NY 11590 172,000.00
324-05 801297029 ESPINAL PAULINA 34-64 112TH STREET CORONA NY 11368 229,500.00
324-05 801297516 SLOMOVITZ BRYAN 3562 PENNINSTON SHAKER HTS OH 44120 64,350.00
324-05 801305301 WILLIAMS GARY R 5735 SOUTH 1075 EAST SOUTH OGDEN UT 84405 175,000.00
324-05 801318890 LEVIN MARC 6044 SOUTH LIMA STREET ENGLEWOOD CO 80111 197,000.00
324-05 801320557 DUE RANGER W M 7320 WINDING OAKS DRIVE COLORADO SP CO 80919 316,800.00
----------------------------------------- --------------------
94 Sale Total 12,614,324.00
324-33 8000033640 KAGAN VADIM E 240 GREEN VALLEY PLACE WEST BEND WI 53095 121,500.00
324-33 8000060098 LOPEZ JOSE G 808 6TH AVE REDWOOD CIT CA 94063 250,000.00
324-33 8000061674 FITZGERALD SEAN 3648 DOUGLAS RD DOWNERS GRO IL 60515 102,000.00
------------------------------------------ --------------------
3 Sale Total 473,500.00
324-34 8000041502 MURDOCK EDWIN E 2083 ACKER WAY ESCONDIDO CA 92029 396,000.00
324-34 8000043359 SPETS TERRANCE R 2918 N PINE GROVE AVE CHICAGO IL 60657 182,000.00
324-34 8000063803 COPRICH JOHN ANGLENETTE 9917 S GREEN CHICAGO IL 60643 78,000.00
------------------------------------------ --------------------
3 Sale Total 656,000.00
100 Grand Total Sub-Pool IV 13,743,824.00
</TABLE>
<TABLE>
<CAPTION>
Cut-off Date First Initial Minimum Maximum
Principal Payment Maturity Mortgage Mortgage Mortgage Gross
Pool ID Account Name Balance Date Date Rate Rate Rate Margin
- --------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
324-05 801176165 VALDEZ LEROY O 237,910.39 12/01/98 11/01/28 10.750 9.750 16.750 7.875
324-05 801178120 EDWARDS RANDY G 134,922.33 11/01/98 10/01/28 8.750 7.750 14.750 6.375
324-05 801178898 FUNKHOUSER MARK A 61,200.00 12/01/98 11/01/28 9.375 8.375 15.375 6.750
324-05 801187055 ANDERSON JAMES A 190,000.00 12/01/98 11/01/28 9.250 8.250 15.250 6.125
324-05 801187329 FRANCIS TIMOTHY L 67,162.33 12/01/98 11/01/28 8.875 7.875 14.875 5.625
324-05 801190265 SANSEVERINO MARIE V 155,930.99 12/01/98 11/01/28 10.000 9.000 16.000 6.500
324-05 801193251 HAND WILLIAM F 133,559.59 12/01/98 11/01/28 11.750 10.750 17.750 8.250
324-05 801197369 ABUSHANAB SUFIAN A 219,691.88 12/01/98 11/01/28 9.500 8.500 15.500 6.875
324-05 801197641 LORENZONI RONALD J 224,889.33 12/01/98 11/01/28 9.500 8.500 15.500 6.875
324-05 801199316 THOMAS DEBORAH D 102,400.00 01/01/99 12/01/28 10.125 9.125 16.125 5.750
324-05 801200247 BIRD JEFFREY J 120,420.74 12/01/98 11/01/28 11.500 10.500 17.500 8.375
324-05 801201211 PERRI JOEL 105,300.00 01/01/99 12/01/28 8.875 7.875 14.875 6.250
324-05 801201658 STEWART ROBERT J 85,600.00 12/01/98 11/01/28 8.375 7.375 14.375 5.125
324-05 801204256 MITCHELL ANGELA TURNER- 146,631.56 12/01/98 11/01/28 9.750 8.750 15.750 6.500
324-05 801205543 SANDOVAL RAFAEL 191,185.43 12/01/98 11/01/28 11.250 10.250 17.250 7.875
324-05 801209693 FRANCOIS JAMES 101,913.89 09/01/98 08/01/28 12.125 11.125 18.125 8.000
324-05 801210246 GRAFF MICHAEL J 71,060.14 12/01/98 11/01/28 8.875 7.875 14.875 6.500
324-05 801216342 HANSEN GLEN B 116,923.47 12/01/98 11/01/28 10.125 9.125 16.125 6.625
324-05 801221409 HATZIS HRISTOS 326,071.80 12/01/98 11/01/28 9.000 8.000 15.000 6.750
324-05 801244203 VAZZANO FRANK II 227,906.92 12/01/98 11/01/28 10.375 9.375 16.375 7.250
324-05 801244682 OKONKOWSKI MICHAEL E 101,961.59 12/01/98 11/01/28 10.750 9.750 16.750 7.875
324-05 801261884 RUIZ ALFREDO 144,500.00 01/01/99 12/01/28 11.875 10.875 17.875 8.250
324-05 801262775 SPENCER EVELYN R 53,550.00 01/01/99 12/01/28 10.000 9.000 16.000 5.750
324-05 801263237 GOLDSTON GREGORY L 68,000.00 01/01/99 12/01/28 9.375 8.375 15.375 5.750
324-05 801266941 IVEY MARGARET Y 60,300.00 01/01/99 12/01/28 9.375 8.375 15.375 5.750
324-05 801269770 FRENCH LISA M 57,000.00 01/01/99 12/01/28 9.875 8.875 15.875 6.250
324-05 801276924 GEORGE SIMON 167,850.00 01/01/99 12/01/28 9.250 9.250 15.250 6.000
324-05 801283755 DUFOUR MARIE 286,200.00 12/01/98 11/01/28 10.375 9.375 16.375 6.625
324-05 801286378 ST JOUR JOSEPH DUTON 252,000.00 01/01/99 12/01/28 12.750 11.750 18.750 8.875
324-05 801288424 CURRY ERIC 51,949.98 01/01/99 12/01/28 9.625 8.625 15.625 6.000
324-05 801290859 FAIRLEIGH RICHARD LEE 122,653.00 01/01/99 12/01/28 10.500 9.500 16.500 6.250
324-05 801293549 EMERIBE ANNGELON T 172,000.00 01/01/99 12/01/28 11.500 10.500 17.500 7.500
324-05 801297029 ESPINAL PAULINA 229,500.00 01/01/99 12/01/28 9.875 8.875 15.875 6.250
324-05 801297516 SLOMOVITZ BRYAN 64,291.30 01/01/99 12/01/28 9.875 8.875 15.875 6.500
324-05 801305301 WILLIAMS GARY R 175,000.00 01/01/99 12/01/28 8.500 7.500 14.500 5.375
324-05 801318890 LEVIN MARC 196,954.96 12/01/98 11/01/28 13.000 12.000 19.000 9.125
324-05 801320557 DUE RANGER W M 316,631.41 01/01/99 12/01/28 9.125 8.125 15.125 5.750
------------------------------------------------- --------------------------------------------
94 Sale Total 12,607,184.67 0.432 0.392 0.677 0.287
324-33 8000033640 KAGAN VADIM E 121,500.00 01/01/99 12/01/28 9.625 8.625 15.625 5.500
324-33 8000060098 LOPEZ JOSE G 249,820.90 12/01/98 11/01/28 11.000 10.000 17.000 6.750
324-33 8000061674 FITZGERALD SEAN 102,000.00 01/01/99 12/01/28 7.375 6.375 13.375 4.000
-------------------------------------------------- --------------------------------------------
3 Sale Total 473,320.90 7.395 6.652 11.855 4.425
324-34 8000041502 MURDOCK EDWIN E 396,000.00 01/01/99 12/01/28 9.500 8.500 15.500 5.750
324-34 8000043359 SPETS TERRANCE R 182,000.00 01/01/99 12/01/28 9.625 8.625 15.625 5.250
324-34 8000063803 COPRICH JOHN ANGLENETTE 77,912.22 01/01/99 12/01/28 8.875 7.875 14.875 5.750
-------------------------------------------------- --------------------------------------------
3 Sale Total 655,912.22 3.725 3.329 6.102 2.140
100 Grand Total Sub-Pool IV 13,736,417.79 0.829 0.747 1.321 0.518
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
ALLIANCE FUNDING SALE SCHEDULE B - GROUP 2, SUB-POOL III
A DIVISION OF SUPERIOR BANK FSB 1998-3 - 4TH SUBSEQUENT TRANSFER OF ADJUSTABLE RATE MORTGAGES - SETTLEMENT 12/10/98
Principal Type of Scheduled Cut-off Date Original
Balance at Mortgaged Payment Principal LTV
Pool ID Account Name Origination Property Int & Prin Balance Ratio
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
324-05 800846636 GAYNOR COLEEN A 135,900.00 1 1,424.09 135,345.50 80.8
324-05 800940397 DAMOCI CYNTHIA 150,000.00 1 1,442.67 149,947.95 73.1
324-05 800952673 MORGAN DWELA M 134,400.00 1 1,499.87 134,370.13 80.0
324-05 800960783 ASKINS DAWN M 46,750.00 3 388.84 46,727.23 85.0
324-05 800966590 MAY RUSSELL R 93,534.00 1 846.86 91,678.15 89.0
324-05 800989402 KILROY KEITH R 92,650.00 1 882.33 92,616.96 85.0
324-05 800994691 INMAN RALPH A 104,000.00 1 827.47 103,941.70 80.0
324-05 800997371 BAKAREY ABASS A 224,400.00 1 2,137.01 224,157.77 85.0
324-05 801003823 SNAPE KEVIN 58,500.00 3 562.64 58,500.00 90.0
324-05 801011032 HODGES STEVEN G 72,000.00 7 692.49 71,949.79 90.0
324-05 801014796 GAULT PAUL L 78,000.00 1 750.19 77,918.04 79.5
324-05 801026626 WOODS JESSIEBEE 90,000.00 1 857.09 90,000.00 72.5
324-05 801028036 SELF DOUGLAS W 120,700.00 1 1,059.23 120,592.76 85.0
324-05 801029836 WILLIAMS CAROLYN 161,000.00 1 1,353.78 160,679.42 89.9
324-05 801030230 ZIMMER LORRAINE A 64,000.00 1 652.16 64,000.00 80.0
324-05 801033945 PIERRE YVES 222,160.00 3 2,371.02 222,103.15 80.0
324-05 801038761 SIN JAY S 79,000.00 2 820.21 78,978.02 69.2
324-05 801044942 SWIFT WILLIE 88,200.00 1 774.02 88,029.35 90.0
324-05 801051285 CHRISTIE ROBERT E 113,900.00 1 1,095.47 113,860.48 85.0
324-05 801052770 WEST WANDA R 117,000.00 1 1,005.21 116,715.44 90.0
324-05 801058652 CASSINELLI GARY M 124,000.00 1 1,065.35 123,942.15 80.0
324-05 801065665 SIMPSON JOHN 101,500.00 4 1,142.66 101,500.00 70.0
324-05 801071796 HOLOCKER BRYAN W 187,300.00 1 1,626.42 187,300.00 89.1
324-05 801081852 FLINN JASON B 103,500.00 1 795.83 103,433.12 90.0
324-05 801086828 FILIP GEORGE 161,500.00 1 1,522.77 161,440.82 85.0
324-05 801088857 DESIDERIO LAWRENCE J 104,975.00 1 1,009.63 104,975.00 85.0
324-05 801090234 COBER SCOTT L 100,000.00 1 768.91 100,000.00 22.7
324-05 801096264 COLE WILLIAM J 131,750.00 3 1,071.96 131,750.00 85.0
324-05 801106931 BAUMANN RALPH E 110,000.00 1 845.81 110,000.00 66.6
324-05 801107830 HARBUCK JASON 110,700.00 1 851.19 110,565.39 90.0
324-05 801115718 SMITH ANTHONY K 81,690.00 1 770.25 81,690.00 85.9
324-05 801117250 RAMIREZ ANTHONY J 121,500.00 1 1,111.41 121,451.72 90.0
324-05 801119926 SULLIVAN WILLIAM J 240,000.00 1 2,084.04 240,000.00 63.1
324-05 801122730 MARRAZZO DIANE 195,500.00 1 1,643.87 195,011.53 85.0
324-05 801122912 WASHINGTON ELLA MAE 42,415.00 1 380.08 42,415.00 85.0
324-05 801127234 KIMMEL KEVIN R 126,000.00 1 1,117.40 126,000.00 90.0
324-05 801129347 ROSADO NOEL 97,750.00 1 940.14 97,716.08 85.0
324-05 801130378 DIULIO EDWARD J 212,000.00 1 2,079.22 212,000.00 80.0
324-05 801133836 LANG DANIEL F 165,750.00 1 1,516.18 165,750.00 85.0
324-05 801137977 JOHNSON BRENDA 57,500.00 1 553.02 57,480.05 85.8
324-05 801146556 FRANK DAVID B 40,000.00 1 384.72 39,986.11 80.0
324-05 801147604 ROMERO CARLOS A 276,000.00 8 2,733.20 276,000.00 80.0
324-05 801149774 SEIGEL CARLTON 41,650.00 1 404.53 41,621.74 85.0
324-05 801151903 LESTER MARIA 212,500.00 3 2,043.79 212,426.26 85.0
324-05 801152158 SCHULTHEIS GEORGE D SR 157,252.00 1 1,527.33 157,252.00 85.0
324-05 801154543 BROWN STEPHNEY 162,000.00 1 1,481.88 161,935.62 90.0
324-05 801155086 HAGAN ANNE M 136,000.00 1 1,155.99 135,869.15 80.0
324-05 801156548 THOMAS WALTER R 195,500.00 1 1,898.82 195,433.99 85.0
324-05 801157157 HAZIME FAWAZ 110,000.00 1 924.94 109,844.74 57.8
324-05 801165267 DEVITA ANTHONY M 200,000.00 1 1,591.29 200,000.00 75.4
324-05 801166216 LA PORTA JOSEPH 106,165.00 1 941.50 106,165.00 85.0
324-05 801166695 LYONS ERIC K 76,800.00 1 716.91 76,800.00 80.0
324-05 801167297 DIMAIO JAMES E JR 134,300.00 1 1,266.30 134,201.14 85.0
324-05 801168477 NICHOLAS PAUL J 112,500.00 1 935.72 112,443.19 90.0
324-05 801173360 PLOTT JEFFREY HOWARD 120,000.00 1 870.08 120,000.00 80.0
324-05 801174871 ACEVEDO HERMES 87,750.00 1 979.27 87,750.00 65.0
324-05 801175290 BADIYO RICHARD J 81,900.00 1 593.83 81,900.00 90.0
</TABLE>
<TABLE>
<CAPTION>
Next Current Property
Adjustment Mortgage Value at Owner
Pool ID Account Name Date Rate Origination Occupied
- ---------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
324-05 800846636 GAYNOR COLEEN A 07/01/00 12.250 168,000.00 Y
324-05 800940397 DAMOCI CYNTHIA 11/01/00 11.125 205,000.00 Y
324-05 800952673 MORGAN DWELA M 11/01/00 13.125 168,000.00 Y
324-05 800960783 ASKINS DAWN M 11/01/00 9.375 55,000.00 Y
324-05 800966590 MAY RUSSELL R 10/01/00 10.375 105,000.00 Y
324-05 800989402 KILROY KEITH R 10/01/00 11.000 109,000.00 Y
324-05 800994691 INMAN RALPH A 11/01/00 8.875 130,000.00 Y
324-05 800997371 BAKAREY ABASS A 08/01/00 11.000 264,000.00 Y
324-05 801003823 SNAPE KEVIN 11/01/00 11.125 65,000.00 Y
324-05 801011032 HODGES STEVEN G 09/01/00 11.125 80,000.00 Y
324-05 801014796 GAULT PAUL L 02/17/99 11.125 98,000.00 Y
324-05 801026626 WOODS JESSIEBEE 11/01/00 11.000 124,000.00 Y
324-05 801028036 SELF DOUGLAS W 12/01/00 10.000 142,000.00 Y
324-05 801029836 WILLIAMS CAROLYN 08/01/00 9.500 178,900.00 Y
324-05 801030230 ZIMMER LORRAINE A 12/01/00 11.875 80,000.00 Y
324-05 801033945 PIERRE YVES 11/01/00 12.500 277,700.00 Y
324-05 801038761 SIN JAY S 10/01/00 12.125 114,000.00 Y
324-05 801044942 SWIFT WILLIE 03/01/99 10.000 98,000.00 Y
324-05 801051285 CHRISTIE ROBERT E 11/01/00 11.125 134,000.00 Y
324-05 801052770 WEST WANDA R 10/01/00 9.750 130,000.00 Y
324-05 801058652 CASSINELLI GARY M 11/01/00 9.750 155,000.00 Y
324-05 801065665 SIMPSON JOHN 11/01/00 13.250 145,000.00 Y
324-05 801071796 HOLOCKER BRYAN W 05/01/99 9.875 210,000.00 Y
324-05 801081852 FLINN JASON B 11/01/00 8.500 115,000.00 Y
324-05 801086828 FILIP GEORGE 11/01/00 10.875 190,000.00 Y
324-05 801088857 DESIDERIO LAWRENCE J 12/01/00 11.125 123,500.00 Y
324-05 801090234 COBER SCOTT L 12/01/00 8.500 440,000.00 Y
324-05 801096264 COLE WILLIAM J 12/01/00 9.125 155,000.00 Y
324-05 801106931 BAUMANN RALPH E 12/01/00 8.500 165,000.00 Y
324-05 801107830 HARBUCK JASON 10/01/00 8.500 123,000.00 Y
324-05 801115718 SMITH ANTHONY K 11/01/00 10.875 95,000.00 Y
324-05 801117250 RAMIREZ ANTHONY J 10/01/00 10.500 135,000.00 Y
324-05 801119926 SULLIVAN WILLIAM J 12/01/00 9.875 380,000.00 Y
324-05 801122730 MARRAZZO DIANE 07/01/00 9.500 230,000.00 Y
324-05 801122912 WASHINGTON ELLA MAE 12/01/00 10.250 49,900.00 Y
324-05 801127234 KIMMEL KEVIN R 12/01/00 10.125 140,000.00 Y
324-05 801129347 ROSADO NOEL 10/01/00 11.125 115,000.00 Y
324-05 801130378 DIULIO EDWARD J 12/01/00 11.375 265,000.00 Y
324-05 801133836 LANG DANIEL F 12/01/00 10.500 195,000.00 Y
324-05 801137977 JOHNSON BRENDA 11/01/00 11.125 67,000.00 Y
324-05 801146556 FRANK DAVID B 11/01/00 11.125 50,000.00 Y
324-05 801147604 ROMERO CARLOS A 12/01/00 11.500 345,000.00 Y
324-05 801149774 SEIGEL CARLTON 10/01/00 11.250 49,000.00 Y
324-05 801151903 LESTER MARIA 10/01/00 11.125 250,000.00 Y
324-05 801152158 SCHULTHEIS GEORGE D SR 11/01/00 11.250 185,000.00 Y
324-05 801154543 BROWN STEPHNEY 11/01/00 10.500 180,000.00 Y
324-05 801155086 HAGAN ANNE M 10/01/00 9.625 170,000.00 Y
324-05 801156548 THOMAS WALTER R 11/01/00 11.250 230,000.00 Y
324-05 801157157 HAZIME FAWAZ 10/01/00 9.500 190,000.00 Y
324-05 801165267 DEVITA ANTHONY M 12/01/00 8.875 265,000.00 Y
324-05 801166216 LA PORTA JOSEPH 12/01/00 10.125 124,900.00 Y
324-05 801166695 LYONS ERIC K 12/01/00 10.750 96,000.00 Y
324-05 801167297 DIMAIO JAMES E JR 10/01/00 10.875 158,000.00 Y
324-05 801168477 NICHOLAS PAUL J 11/01/00 9.375 125,000.00 Y
324-05 801173360 PLOTT JEFFREY HOWARD 12/01/00 7.875 150,000.00 Y
324-05 801174871 ACEVEDO HERMES 12/01/00 13.125 135,000.00 Y
324-05 801175290 BADIYO RICHARD J 12/01/00 7.875 91,000.00 Y
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
ALLIANCE FUNDING SALE SCHEDULE B - GROUP 2, SUB-POOL III
A DIVISION OF SUPERIOR BANK FSB 1998-3 - 4TH SUBSEQUENT TRANSFER OF ADJUSTABLE RATE MORTGAGES - SETTLEMENT 12/10/98
Principal Type of Scheduled Cut-off Date Original
Balance at Mortgaged Payment Principal LTV
Pool ID Account Name Origination Property Int & Prin Balance Ratio
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
324-05 801176165 VALDEZ LEROY O 238,000.00 1 2,221.69 237,910.39 85.0
324-05 801178120 EDWARDS RANDY G 135,000.00 1 1,062.05 134,922.33 90.0
324-05 801178898 FUNKHOUSER MARK A 61,200.00 1 509.03 61,200.00 90.0
324-05 801187055 ANDERSON JAMES A 190,000.00 1 1,563.08 190,000.00 79.4
324-05 801187329 FRANCIS TIMOTHY L 67,200.00 1 534.67 67,162.33 70.0
324-05 801190265 SANSEVERINO MARIE V 156,000.00 3 1,369.01 155,930.99 80.0
324-05 801193251 HAND WILLIAM F 133,600.00 1 1,348.58 133,559.59 80.0
324-05 801197369 ABUSHANAB SUFIAN A 219,800.00 1 1,848.20 219,691.88 89.9
324-05 801197641 LORENZONI RONALD J 225,000.00 1 1,891.92 224,889.33 90.0
324-05 801199316 THOMAS DEBORAH D 102,400.00 1 908.11 102,400.00 80.0
324-05 801200247 BIRD JEFFREY J 120,480.00 1 1,013.06 120,420.74 80.0
324-05 801201211 PERRI JOEL 105,300.00 1 837.81 105,300.00 90.0
324-05 801201658 STEWART ROBERT J 85,600.00 1 650.62 85,600.00 66.3
324-05 801204256 MITCHELL ANGELA TURNER- 146,700.00 1 1,260.38 146,631.56 90.0
324-05 801205543 SANDOVAL RAFAEL 191,250.00 5 1,857.54 191,185.43 85.0
324-05 801209693 FRANCOIS JAMES 102,000.00 1 1,059.01 101,913.89 85.0
324-05 801210246 GRAFF MICHAEL J 71,100.00 1 565.70 71,060.14 90.0
324-05 801216342 HANSEN GLEN B 117,000.00 1 868.72 116,923.47 90.0
324-05 801221409 HATZIS HRISTOS 326,250.00 3 2,625.08 326,071.80 90.0
324-05 801244203 VAZZANO FRANK II 228,000.00 4 2,064.33 227,906.92 80.0
324-05 801244682 OKONKOWSKI MICHAEL E 102,000.00 1 952.16 101,961.59 85.0
324-05 801261884 RUIZ ALFREDO 144,500.00 1 1,472.46 144,500.00 85.0
324-05 801262775 SPENCER EVELYN R 53,550.00 1 469.94 53,550.00 85.0
324-05 801263237 GOLDSTON GREGORY L 68,000.00 1 565.59 68,000.00 80.0
324-05 801266941 IVEY MARGARET Y 60,300.00 1 501.54 60,300.00 90.0
324-05 801269770 FRENCH LISA M 57,000.00 1 494.96 57,000.00 57.0
324-05 801276924 GEORGE SIMON 167,850.00 1 1,380.86 167,850.00 90.0
324-05 801283755 DUFOUR MARIE 286,200.00 3 2,591.27 286,200.00 90.0
324-05 801286378 ST JOUR JOSEPH DUTON 252,000.00 4 2,738.47 252,000.00 80.0
324-05 801288424 CURRY ERIC 52,000.00 3 441.99 51,949.98 80.0
324-05 801290859 FAIRLEIGH RICHARD LEE 122,653.00 1 1,121.96 122,653.00 85.0
324-05 801293549 EMERIBE ANNGELON T 172,000.00 1 1,703.30 172,000.00 80.0
324-05 801297029 ESPINAL PAULINA 229,500.00 3 1,992.86 229,500.00 90.0
324-05 801297516 SLOMOVITZ BRYAN 64,350.00 1 558.78 64,291.30 90.0
324-05 801305301 WILLIAMS GARY R 175,000.00 1 1,345.60 175,000.00 77.7
324-05 801318890 LEVIN MARC 197,000.00 1 2,179.21 196,954.96 78.8
324-05 801320557 DUE RANGER W M 316,800.00 1 2,577.59 316,631.41 80.0
------------------------------------------------------ ----------------------------------------
94 Sale Total 12,614,324.00 113,936.02 12,607,184.67 03.2
324-33 8000033640 KAGAN VADIM E 121,500.00 1 1,032.74 121,500.00 90.0
324-33 8000060098 LOPEZ JOSE G 250,000.00 1 2,380.81 249,820.90 84.7
324-33 8000061674 FITZGERALD SEAN 102,000.00 1 704.49 102,000.00 56.6
------------------------------------------------------ ----------------------------------------
3 Sale Total 473,500.00 4,118.04 473,320.90 56.9
324-34 8000041502 MURDOCK EDWIN E 396,000.00 1 3,329.78 396,000.00 90.0
324-34 8000043359 SPETS TERRANCE R 182,000.00 2 1,546.98 182,000.00 67.4
324-34 8000063803 COPRICH JOHN ANGLENETTE 78,000.00 1 620.60 77,912.22 80.4
------------------------------------------------------ ----------------------------------------
3 Sale Total 656,000.00 5,497.36 655,912.22 28.3
100 Grand Total Sub-Pool IV 13,743,824.00 123,551.42 13,736,417.79 06.3
</TABLE>
<TABLE>
<CAPTION>
Next Current Property
Adjustment Mortgage Value at Owner
Pool ID Account Name Date Rate Origination Occupied
- -------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
324-05 801176165 VALDEZ LEROY O 11/01/00 10.750 280,000.00 Y
324-05 801178120 EDWARDS RANDY G 10/01/00 8.750 150,000.00 Y
324-05 801178898 FUNKHOUSER MARK A 11/01/00 9.375 68,000.00 Y
324-05 801187055 ANDERSON JAMES A 11/01/00 9.250 239,000.00 Y
324-05 801187329 FRANCIS TIMOTHY L 11/01/00 8.875 96,000.00 Y
324-05 801190265 SANSEVERINO MARIE V 11/01/00 10.000 195,000.00 N
324-05 801193251 HAND WILLIAM F 11/01/00 11.750 167,000.00 Y
324-05 801197369 ABUSHANAB SUFIAN A 11/01/00 9.500 244,225.00 Y
324-05 801197641 LORENZONI RONALD J 11/01/00 9.500 250,000.00 Y
324-05 801199316 THOMAS DEBORAH D 12/01/00 10.125 128,000.00 Y
324-05 801200247 BIRD JEFFREY J 11/01/00 9.500 150,600.00 Y
324-05 801201211 PERRI JOEL 12/01/00 8.875 117,000.00 Y
324-05 801201658 STEWART ROBERT J 11/01/00 8.375 129,000.00 Y
324-05 801204256 MITCHELL ANGELA TURNER- 11/01/00 9.750 163,000.00 Y
324-05 801205543 SANDOVAL RAFAEL 11/01/00 11.250 225,000.00 Y
324-05 801209693 FRANCOIS JAMES 08/01/00 12.125 120,000.00 Y
324-05 801210246 GRAFF MICHAEL J 11/01/00 8.875 79,000.00 Y
324-05 801216342 HANSEN GLEN B 11/01/00 8.125 130,000.00 Y
324-05 801221409 HATZIS HRISTOS 11/01/00 9.000 362,500.00 Y
324-05 801244203 VAZZANO FRANK II 11/01/00 10.375 285,000.00 N
324-05 801244682 OKONKOWSKI MICHAEL E 11/01/00 10.750 120,000.00 Y
324-05 801261884 RUIZ ALFREDO 12/01/00 11.875 170,000.00 Y
324-05 801262775 SPENCER EVELYN R 12/01/00 10.000 63,000.00 Y
324-05 801263237 GOLDSTON GREGORY L 12/01/00 9.375 85,000.00 N
324-05 801266941 IVEY MARGARET Y 12/01/00 9.375 67,000.00 Y
324-05 801269770 FRENCH LISA M 12/01/00 9.875 100,000.00 Y
324-05 801276924 GEORGE SIMON 06/01/99 9.250 186,500.00 Y
324-05 801283755 DUFOUR MARIE 11/01/00 10.375 318,000.00 Y
324-05 801286378 ST JOUR JOSEPH DUTON 12/01/00 12.750 315,000.00 Y
324-05 801288424 CURRY ERIC 12/01/00 9.625 65,000.00 N
324-05 801290859 FAIRLEIGH RICHARD LEE 12/01/00 10.500 144,298.00 Y
324-05 801293549 EMERIBE ANNGELON T 12/01/00 11.500 215,000.00 Y
324-05 801297029 ESPINAL PAULINA 12/01/00 9.875 255,000.00 Y
324-05 801297516 SLOMOVITZ BRYAN 12/01/00 9.875 71,500.00 Y
324-05 801305301 WILLIAMS GARY R 12/01/00 8.500 225,000.00 Y
324-05 801318890 LEVIN MARC 11/01/00 13.000 250,000.00 Y
324-05 801320557 DUE RANGER W M 12/01/00 9.125 396,000.00 Y
----------------------------------------- ---------------------
94 Sale Total 0.432 15,637,523.00
324-33 8000033640 KAGAN VADIM E 12/01/00 9.625 135,000.00 Y
324-33 8000060098 LOPEZ JOSE G 11/01/00 11.000 295,000.00 Y
324-33 8000061674 FITZGERALD SEAN 12/01/00 7.375 180,000.00 Y
----------------------------------------- ---------------------
3 Sale Total 7.395 610,000.00
324-34 8000041502 MURDOCK EDWIN E 12/01/00 9.500 440,000.00 Y
324-34 8000043359 SPETS TERRANCE R 12/01/00 9.625 270,000.00 Y
324-34 8000063803 COPRICH JOHN ANGLENETTE 12/01/00 8.875 97,000.00 Y
----------------------------------------- ---------------------
3 Sale Total 3.725 807,000.00
100 Grand Total Sub-Pool IV 0.829 17,054,523.00
</TABLE>
