<PAGE> 1
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):September 11, 1997
EQCC RECEIVABLES CORPORATION
EQCC ASSET BACKED CORPORATION
(Exact name of registrants as specified in governing instruments)
59-3170055
Delaware 333-20675 59-3170052
(State or other (Commission File (IRS Employer
jurisdiction of Number) Identification No.)
organization)
10401 Deerwood Park Blvd., Jacksonville, Florida 32256
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (904) 987-5120
Not Applicable
(Former name or former address if changed since last report)
Exhibit Index located at Page 3
<PAGE> 2
Items 1 through 4, Item 6 and Item 8 are not included because they are not
applicable.
ITEM 5. OTHER EVENTS.
On or prior to September 29, 1997 the Registrants will cause the
issuance and sale of EquiCredit Funding Asset Backed Certificates, Series
1997-B, Class A-1, Class A-2, Class A-3, Class A-4, Class A-5, Class A-6, Class
A-7 and Class A-8 (the "Certificates") pursuant to a Pooling and Servicing
Agreement dated as of September 1, 1997, among the Registrant, EquiCredit
Corporation of America, as Servicer, and First Bank National Association, as
Trustee. In connection with the sale of the Certificates, the Registrants have
been advised by Prudential Securities Incorporated and Lehman Brothers Inc.(the
"Underwriters"), that the Underwriters have furnished to prospective investors
certain computational materials and collateral term sheets (the "Term Sheets")
with respect to the Certificates following the effective date of Registration
Statement No. 333-20675 but prior to the availability of a final Prospectus
relating to the Certificates. The Term Sheets in the form used by each of the
Underwriters are being filed as an exhibit to this report.
The Term Sheets attached hereto have been provided by the Underwriters.
The information in the Term Sheets was preliminary and will be superseded by the
Prospectus Supplement relating to the Certificates and may be superseded by any
other information subsequently filed with the Commission.
The "computational materials" portion of the Term Sheets were prepared
by the Underwriters at the request of certain prospective investors, based on
assumptions provided by, and satisfying the special requirements of, such
prospective investors. Such materials may not include, and do not purport to
include, information based on assumptions representing a complete set of
possible scenarios. Accordingly, such materials may not be relevant to or
appropriate for investors other than those specifically requesting them.
Certain assumptions may have been made in the Term Sheets which have
resulted in any returns to holders of the Certificates that are detailed in the
Term Sheets. No representation is made that any returns indicated in the Term
Sheets will be achieved. Changes to the assumptions may have a material impact
on any returns detailed. Past performance is not necessarily indicative of
future results.
In addition, the actual characteristics and performance of the mortgage
loans underlying the Certificates (the "Mortgage Loans") will differ from the
assumptions used in the Term Sheets, which are hypothetical in nature and which
were provided to certain investors only to give a general sense of how the
yield, average life, duration, expected maturity, interest rate sensitivity and
cash flow characteristics of the Certificates might vary under varying
2
<PAGE> 3
prepayment and other scenarios. Any difference between such assumptions and the
actual characteristics and performance of the Mortgage Loans will affect the
actual yield, average life, duration, expected maturity, interest rate
sensitivity and cash flow characteristics of the Certificates.
The statistical distribution of the characteristics of the final
Mortgage Pool will vary from the statistical distribution of such
characteristics as set forth in the "collateral term sheet" portion of the Term
Sheets.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND
EXHIBITS.
List below the financial statements, pro forma financial information and
exhibits, if any, filed as part of this report.
(a) Financial Statements of Businesses Acquired.
Not applicable
(b) Pro Forma Financial Information.
Not applicable
(c) Exhibits.
<TABLE>
<CAPTION>
Sequentially
Exhibit Numbered
Number Exhibit Page
- ------ ------- ------------
<S> <C> <C>
99.1(D) Computational Materials prepared in 005
connection with the sale of EquiCredit Funding
Asset Backed Certificates, Series 1997-B, by
Prudential Securities Incorporated and Lehman
Brothers Inc.
</TABLE>
3
<PAGE> 4
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrants have duly caused this report to be signed on their behalf by the
undersigned hereunto duly authorized.
EQCC RECEIVABLES CORPORATION
EQCC ASSET BACKED CORPORATION
(Registrants)
EQCC RECEIVABLES CORPORATION
September 12, 1997 By: /s/ Terence G. Vane, Jr.
------------------------
Terence G. Vane, Jr.
Vice President
EQCC ASSET BACKED CORPORATION
September 12, 1997 By: /s/ Terence G. Vane, Jr.
------------------------
Terence G. Vane, Jr.
Vice President
<PAGE> 5
EXHIBIT INDEX
<TABLE>
<CAPTION>
Sequentially
Exhibit Numbered
Number Exhibit Page
- ------ ------- ------------
<S> <C> <C>
99.1(D) Computational Materials prepared in 005
connection with the sale of EquiCredit Funding
Asset Backed Certificates, Series 1997-B, by
Prudential Securities Incorporated and Lehman
Brothers Inc.
</TABLE>
<PAGE> 1
Exhibit 99.1(D)
Computational Materials
<PAGE> 2
PRELIMINARY
BACKGROUND INFORMATION
EquiCredit Funding TRUST 1997-B
EquiCredit Funding Asset Backed Certificates, Series 1997-B
APPROXIMATE CLASS SIZES
$28,390,000 Class A-1 FIXED RATE CERTIFICATES
$18,290,000 Class A-2 FIXED RATE CERTIFICATES
$31,700,000 Class A-3 FIXED RATE CERTIFICATES
$17,270,000 Class A-4 FIXED RATE CERTIFICATES
$24,800,000 Class A-5 FIXED RATE CERTIFICATES
$12,750,000 Class A-6 FIXED RATE CERTIFICATES
$14,800,000 Class A-7 FIXED RATE CERTIFICATES
Non-Accelerated Senior
$27,000,000 Class A-8 ADJUSTABLE RATE CERTIFICATES
The information included herein is provided solely by Prudential Securities
Incorporated ("PSI") as underwriter for the EquiCredit 1997-B transaction, and
not by or as agent for EQCC Receivables Corporation or EQCC Asset Backed
Corporation or any of its affiliates (collectively, the "Depositor"). The
Depositor has not prepared, reviewed or participated in the preparation hereof,
is not responsible for the accuracy hereof and has not authorized the
dissemination hereof. The analysis in this report is accurate to the best of
PSI's knowledge and is based on information provided by the Depositor. PSI makes
no representations as to the accuracy of such information provided by the
Depositor. All opinions and conclusions in this report reflect PSI's judgment as
of this date and are subject to change. All analyses are based on certain
assumptions noted herein and different assumptions could yield substantially
different results. You are cautioned that there is no universally accepted
method for analyzing financial instruments. You should review the assumptions;
there may be differences between these assumptions and your actual business
practices. Further, PSI does not guarantee any results and there is no guarantee
as to the liquidity of the instruments involved in this analysis. The decision
to adopt any strategy remains your responsibility. PSI (or any of its
affiliates) or their officers, directors, analysts or employees may have
positions in securities, commodities or derivative instruments thereon referred
to herein, and may, as principal or agent, buy or sell such securities,
commodities or derivative instruments. In addition, PSI may make a market in the
securities referred to herein. Neither the information nor the opinions
expressed shall be construed to be, or constitute, an offer to sell or buy or a
solicitation of an offer to sell or buy any securities, commodities or
derivative instruments mentioned herein. Finally, PSI has not addressed the
legal, accounting and tax implications of the analysis with respect to you and
PSI strongly urges you to seek advice from your counsel, accountant and tax
advisor.
<PAGE> 3
EquiCredit Funding Trust 1997-B - EquiCredit Funding Asset Backed Certificates,
Series 1997-B
PRICING INFORMATION
FIXED RATE GROUP
<TABLE>
<CAPTION>
Class: A-1 A-2 A-3 A-4 A-5 A-6 A-7
NAS Bond
<S> <C> <C> <C> <C> <C> <C> <C>
Approximate
Face Amount: 28,390,000 18,290,000 31,700,000 17,270,000 24,800,000 12,750,000 14,800,000
Coupon: 5.905% 6.250% 6.415% 6.545% 6.900% 7.295% 6.855%
Price: 100-00 100-00 100-00 100-00 100-00 99-31+ 99-31+
Yield: 5.977% 6.332% 6.501% 6.635% 7.000% 7.409% 6.957%
Spread: +48 +49 +50 +53 +73 +97 +62
Exp Avg Life
to Maturity: .50 yrs 1.15 yrs 2.00 yrs 3.10 yrs 4.80 yrs 9.85 yrs 6.26 yrs
Exp Avg Life
to Call: .50 yrs 1.15 yrs 2.00 yrs 3.10 yrs 4.80 yrs 7.04 yrs 5.94 yrs
Exp 1st
Prin Pmt: 10/15/97 08/15/98 03/15/99 05/15/00 05/15/01 04/15/04 10/15/00
Exp Mat
to call: 08/15/98 03/15/99 05/15/00 05/15/01 04/15/04 11/15/04 11/15/04
Exp Mat: 08/15/98 03/15/99 05/15/00 05/15/01 04/15/04 06/15/27 05/15/12
Stated Mat: [06/15/04] [07/15/07] [03/15/12] [05/15/12] [10/15/22] [09/15/28] [05/15/12]
Exp Rating
(S&P/Moody's): AAA/Aaa AAA/Aaa AAA/Aaa AAA/Aaa AAA/Aaa AAA/Aaa AAA/Aaa
Pricing Spd: 25% HEP 25% HEP 25% HEP 25% HEP 25% HEP 25% HEP 25% HEP
Pricing Date: 9/11/97 9/11/97 9/11/97 9/11/97 9/11/97 9/11/97 9/11/97
Investor
Settle Date: 9/29/97 9/29/97 9/29/97 9/29/97 9/29/97 9/29/97 9/29/97
Pmt Delay: 0 days 0 days 0 days 0 days 0 days 0 days 0 days
Cut-off Date: 9/1/97 9/1/97 9/1/97 9/1/97 9/1/97 9/1/97 [9/1/97]
Dated Date: [9/15/97] [9/15/97] [9/15/97] [9/15/97] [9/15/97] [9/15/97] [9/15/97]
Int Pmt: 30/360 30/360 30/360 30/360 30/360 30/360 30/360
Pmt Terms: Monthly Monthly Monthly Monthly Monthly Monthly Monthly
1st Int.
Pmt Date: 10/15/97 10/15/97 10/15/97 10/15/97 10/15/97 10/15/97 10/15/97
Collateral
Type: Fixed Rate Fixed Rate Fixed Rate Fixed Rate Fixed Rate Fixed Rate Fixed Rate
SMMEA
Eligibility: non-SMMEA non-SMMEA non-SMMEA non-SMMEA non-SMMEA non-SMMEA non-SMMEA
</TABLE>
THIS COLLATERAL TERMSHEET SUPERSEDES ANY PREVIOUS COLLATERAL
TERMSHEETS, AND WILL BE SUPERSEDED BY THE COLLATERAL INFORMATION IN THE
PROSPECTUS SUPPLEMENT.
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE
SUCH A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES
INCORPORATED FINANCIAL ADVISOR IMMEDIATELY.
<PAGE> 4
EquiCredit Funding Trust 1997-B - EquiCredit Funding Asset Backed Certificates,
Series 1997-B
Fixed Rate Certificates
Net Funds Cap: Interest shall accrue on each Class of Class A
Certificates at the related Pass-Through Rate;
provided that the Class A-6 Pass-Through Rate
shall equal the lower of (i) [x.xx]% per annum
and (ii) the WAC of the Mortgage Loans in the
Fixed Rate Group less the Servicing Fee Rate
([60]bps per annum) and the rate at which the
Monthly Premium to the Insurer accrues([ ]bps
per annum).
Fixed Rate Certificates
Principal Paydown: 1) To the Class A-7 Certificateholders -- the
Class A-7 Lockout Remittance Amount
2) To the Class A-1 through A-7 Certificates, in
sequential order
Class A-7 Lockout
Remittance Amount: The applicable Class A-7 Lockout Percentage
multiplied by the Class A-7 Lockout Pro Rata
Remittance Amount for such Payment Date.
THE CLASS A-7 Lockout PERCENTAGE
--------------------------------
October 1997 to September 2000 equal to or
greater than 0%
October 2000 to September 2002 equal to or
greater than 45%
October 2002 to September 2003 equal to or
greater than 80%
October 2003 to September 2004 equal to or
greater than 100%
October 2004 and thereafter equal to or
greater than 300%
THIS COLLATERAL TERMSHEET SUPERSEDES ANY PREVIOUS COLLATERAL
TERMSHEETS, AND WILL BE SUPERSEDED BY THE COLLATERAL INFORMATION IN THE
PROSPECTUS SUPPLEMENT.
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE
SUCH A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES
INCORPORATED FINANCIAL ADVISOR IMMEDIATELY.
<PAGE> 5
EquiCredit Funding Trust 1997-B - EquiCredit Funding Asset Backed Certificates,
Series 1997-B
PRICING INFORMATION (CONT.)
ADJUSTABLE RATE GROUP
Class: A-8
Approximate
Face Amount: $27,000,000
Coupon: Prior to the Cleanup Call, the least of:
1) 1M LIBOR + 18 bps
2) Class A-8 Net Funds Cap (described below)
After the Cleanup Call, the least of:
1) 1M LIBOR + 2 x 18 bps
2) Class A-8 Net Funds Cap
Price: 100-0
Yield: Variable
Index: 1 Month LIBOR
Disc. Margin: 18 bps
Exp Avg Life
to Call: 2.81 yrs
Exp Avg Life
to Maturity: 2.95 yrs
Exp. 1st Prin Payment: 10/15/97
Exp Mat to Call: 11/15/04
Exp Mat: 03/15/27
Stated Mat: [09/15/28]
Exp Rating
(S&P/Moody's): AAA/Aaa
Pricing Spd: 27% CPR
Pricing Date: 09/11/97
Investor
Settle Date: 09/29/97
Pymt Delay: 0 days
Cut-off Date: 09/1/97
Dated Date: 09/29/97
Int Pymt: actual/360
Pymt Terms: Monthly
1st Int. Pymt Date: 10/15/97
Principal Paydown: All Class A-8 principal is passed through to
Class A-8.
Collateral Type: Adjustable Rate
SMMEA
Eligibility: [SMMEA Eligible]
Class A-8
Net Funds Cap: WAC for the Mortgage Loans less
(i) 0.73% per annum, for the first [twelve] Accrual
Periods; or,
(ii) 1.23% per annum, with respect to each subsequent
Accrual Period.
THIS COLLATERAL TERMSHEET SUPERSEDES ANY PREVIOUS COLLATERAL
TERMSHEETS, AND WILL BE SUPERSEDED BY THE COLLATERAL INFORMATION IN THE
PROSPECTUS SUPPLEMENT.
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE
SUCH A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES
INCORPORATED FINANCIAL ADVISOR IMMEDIATELY
<PAGE> 6
EquiCredit Funding Trust 1997-B - EquiCredit Funding Asset Backed Certificates,
Series 1997-B
SUMMARY OF TERMS
Title of Securities: EquiCredit Funding Trust 1997-B
EquiCredit Funding Asset Backed Certificates, Series
1997-B
Class A-1, A-2, A-3, A-4, A-5, A-6, A-7 ("Fixed-Rate
Certificates")
Class A-8 ("Adjustable Rate Certificates")
Depositor: EQCC Receivables Corporation
EQCC Asset Backed Corporation
Servicer: EquiCredit Corporation of America.
Originators: The Mortgage Loans have not been originated directly by
the Originators, but have been purchased and
re-underwritten by the Originators as described in the
Prospectus.
Trustee: [First Bank National Association]
<TABLE>
<S> <C> <C>
Aggregate
Certificate Balance: Fixed Rate Certificates (non-SMMEA) [$ 148,000,000]
Adjustable Rate Certificates (SMMEA) [$ 27,000,000]
</TABLE>
Securities Offered: 100% [AMBAC]-guaranteed, pass-through
certificates.*****************
Offering: Public shelf offering -- a prospectus and prospectus
supplement will be distributed after pricing.
Pricing Date: 09/11/97
Investor
Settlement Date: 9/29/97
Form of Certificates: Book-Entry form, same-day funds through DTC, Euroclear
and CEDEL
Pass-Through Rate: 5.905% on Class A-1 Certificates
6.250% on Class A-2 Certificates
6.415% on Class A-3 Certificates
6.545% on Class A-4 Certificates
6.900% on Class A-5 Certificates
7.295% on Class A-6 Certificates
6.855% on Class A-7 Certificates
1-Month LIBOR + 18bps on Class A-8 Certificates *
* Subject to the Class A-8 Net Funds Cap.
Prepayment
Assumption: For the Fixed Rate Certificates, 25% HEP (2.5% CPR in
month 1 with monthly incremental increases of 2.5% CPR
until the speed reaches 25% CPR in month 10 based on
loan seasoning). This means that seasoned loans will
start further up on the prepayment curve.
For the Adjustable Rate Certificates, 27% CPR
Payment Date: The 15th day of each month (or, if any such date is not
a business day, the first business day thereafter)
commencing in October 1997. The payment delay will be
zero days for the Fixed Rate Certificates and zero days
for the Adjustable Rate Certificates.
Interest Accrual
Period: Interest on the Fixed Rate Certificates will accrue from
the fifteenth calendar day of each month, commencing
September 15, 1997 (whether or not such day is a
Business Day) to, but excluding, the fifteenth calendar
day of the next succeeding month (whether or not such
day is a Business Day).
Interest on the Adjustable Rate Certificates will accrue
from and including the Closing Date, in the case of the
initial Payment Date, or from and including the most
recent Payment Date on which interest has been paid, to
but excluding the next succeeding Payment Date.
Optional
Cleanup Call: The Servicer may call the Certificates on any Remittance
Date when the then-outstanding collateral balance is
less than or equal to 10% of the original collateral
balance.
Class A-8
Coupon Step-Up: If the Servicer does not exercise its option to call the
Class A-8 Certificates at the 10% cleanup call date,
then the coupon on the Class A-8 Certificates shall be
raised to LIBOR + 2 x 18 bps subject to the Class A-8
Net Funds Cap.
THIS COLLATERAL TERMSHEET SUPERSEDES ANY PREVIOUS COLLATERAL
TERMSHEETS, AND WILL BE SUPERSEDED BY THE COLLATERAL INFORMATION IN THE
PROSPECTUS SUPPLEMENT.
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE
SUCH A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES
INCORPORATED FINANCIAL ADVISOR IMMEDIATELY.
<PAGE> 7
EquiCredit Funding Trust 1997-B - EquiCredit Funding Asset Backed Certificates,
Series 1997-B
Pre-Funding Account: On the closing date, approximately [$xx,000,000] and
[$xx,000,000] will be deposited in pre-funding accounts
for the purchase of additional fixed- and
adjustable-rate mortgage loans, respectively. From the
closing date until December 15, 1997, the Trust intends
to purchase mortgage loans up to the entire pre-funding
amounts. Funds remaining in either of the pre-funding
accounts that total less than $100,000 after this period
will be distributed to investors in the related Class
A-1 and Class A-8 Certificates as prepayments on
December 15, 1997. If the funds remaining in either of
the pre-funding accounts total greater than $100,000
after this period, the funds will be distributed on a
pro-rata basis to the investors in the related Class A-1
through A-7 Certificates in the case of the fixed-rate
prefunding account and to the investors in the Class A-8
Certificates in the case of the adjustable-rate
prefunding account as a prepayment on December 15, 1997.
The additional mortgage loans will be subject to certain
aggregate group characteristics that will be more fully
described in the Prospectus Supplement.
Certificate Insurer: AMBAC Indemnity Corporation "AMBAC".
AMBAC's claims-paying ability is rated "AAA" by Standard
& Poor's, "Aaa" by Moody's Investors Service and "AAA"
by Fitch Investors Service, Inc.
Certificate Insurance
Policy: The Certificate Insurance Policy will provide 100%
coverage of timely interest and ultimate principal
payments due on the Certificates.
Spread Account: A Spread Account will be available to cover losses prior
to any draw on the Certificate Insurance Policy. The
initial deposit and maintenance levels of the spread
account will be sized by the surety provider.
Servicing Fee: [60] basis points per annum for the Fixed Rate Group.
[73] basis points per annum for the Adjustable Rate
Group.
ERISA Considerations: ***[It is believed that the Certificates [will be]*****
ERISA eligible . However, investors should consult with
their counsel with respect to the consequences under
ERISA and the Internal Revenue Code of the Plan's
acquisition and ownership of such Certificates.]
Taxation: REMIC.
Legal Investment: None of the Fixed Rate Certificates will be
SMMEA-eligible. The Floating Rate Certificates will be
SMMEA-eligible.
Certificates Ratings: "AAA" by S&P and "Aaa" by Moody's for the Fixed Rate
Certificates and the Adjustable Rate Certificates.
Prospectus: The Certificates are being offered pursuant to a
Prospectus which includes a Prospectus Supplement
(together, the "Prospectus"). Complete information with
respect to the Certificates and the Collateral is
contained in the Prospectus. The foregoing is qualified
in its entirety by the information appearing in the
Prospectus. To the extent that the foregoing is
inconsistent with the Prospectus, the Prospectus shall
govern in all respects. Sales of the Certificates may
not be consummated unless the purchaser has received the
Prospectus.
Further Information: Trading: Greg Richter or Rob Karr at (212) 778-2741,
Banking: Mary Alice Kohs (212) 778-1492 or Shelby
Carvalho at (212) 778-4127.
FSG: John Mawe at (212) 778-1166 or Mike Corddry at
(212) 778-2840.
COPIES OF PROSPECTUS: PLEASE SEND AN E-MAIL WITH CLIENT'S NAME ADDRESS AND
PHONE NUMBER TO SHELBY CARVALHO AT:
IMPACT ID: CARVALHO
CCMAIL: [email protected]
THIS COLLATERAL TERMSHEET SUPERSEDES ANY PREVIOUS COLLATERAL
TERMSHEETS, AND WILL BE SUPERSEDED BY THE COLLATERAL INFORMATION IN THE
PROSPECTUS SUPPLEMENT.
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE
SUCH A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES
INCORPORATED FINANCIAL ADVISOR IMMEDIATELY.
<PAGE> 8
<TABLE>
<S> <C>
Deal ID/CUSIP EQCCF7B Coupon 5.905
Class A1 SEQ Accr 0.22964 1st Pmt 10/15/97
Collateral 100%WL (Real) Factor on / /
N/GWAC (Orig) / (10.414/11.034) LIBOR-1M 5.65625
WAM (Orig) (23.333) Mat N/A Settle 09/29/97
CenterPrice 100-00 Inc 0.5 Table Yield Roll@
</TABLE>
<TABLE>
<CAPTION>
FIX HEP 25.00 HEP 21.00 HEP 23.00 HEP 27.00 HEP 29.00 HEP 31.00 HEP 33.00
ARM CPR 27.00 CPR 27.00 CPR 27.00 CPR 27.00 CPR 27.00 CPR 27.00 CPR 27.00
--- --------- --------- --------- --------- --------- --------- ---------
<S> <C> <C> <C> <C> <C> <C> <C>
99-28+ 6.207 6.179 6.193 6.220 6.232 6.246 6.257
99-29 6.174 6.151 6.162 6.185 6.196 6.207 6.217
99-29+ 6.141 6.122 6.131 6.151 6.160 6.169 6.177
99-30 6.108 6.093 6.101 6.116 6.123 6.131 6.137
99-30+ 6.076 6.064 6.070 6.081 6.087 6.092 6.097
99-31 6.043 6.035 6.039 6.047 6.050 6.054 6.057
99-31+ 6.010 6.006 6.008 6.012 6.014 6.016 6.017
100-00 5.977 5.978 5.978 5.977 5.977 5.977 5.977
100-00+ 5.945 5.949 5.947 5.943 5.941 5.939 5.937
100-01 5.912 5.920 5.916 5.908 5.905 5.901 5.897
100-01+ 5.879 5.891 5.885 5.874 5.868 5.863 5.858
100-02 5.847 5.862 5.855 5.839 5.832 5.824 5.818
100-02+ 5.814 5.834 5.824 5.804 5.796 5.786 5.778
100-03 5.782 5.805 5.793 5.770 5.759 5.748 5.738
100-03+ 5.749 5.776 5.762 5.735 5.723 5.710 5.698
Avg. Life 0.500 0.569 0.532 0.471 0.448 0.426 0.408
Mod. Dur. 0.477 0.541 0.507 0.450 0.428 0.407 0.390
Mac. Dur. 0.491 0.557 0.522 0.464 0.441 0.420 0.402
1st Pmt. 0.044 0.044 0.044 0.044 0.044 0.044 0.044
Last Pmt. 0.878 1.044 0.961 0.794 0.794 0.711 0.711
</TABLE>
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE
SUCH A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES
INCORPORATED FINANCIAL ADVISOR IMMEDIATELY.
THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL
TERMSHEETS, AND WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION IN THE
PROSPECTUS SUPPLEMENT.
<PAGE> 9
<TABLE>
<S> <C>
Deal ID/CUSIP EQCCF7B Coupon 6.250
Class A2 SEQ Accr 0.24306 1st Pmt 10/15/97
Collateral 100%WL (Real) Factor on / /
N/GWAC (Orig) / (10.414/11.034) LIBOR-1M 5.65625
WAM (Orig) (23.333) Mat N/A Settle 09/29/97
CenterPrice 100-00 Inc 0.5 Table Yield Roll@
</TABLE>
<TABLE>
<CAPTION>
FIX HEP 25.00 HEP 21.00 HEP 23.00 HEP 27.00 HEP 29.00 HEP 31.00 HEP 33.00
ARM CPR 27.00 CPR 27.00 CPR 27.00 CPR 27.00 CPR 27.00 CPR 27.00 CPR 27.00
--- --------- --------- --------- --------- --------- --------- ---------
<S> <C> <C> <C> <C> <C> <C> <C>
99-28+ 6.433 6.419 6.426 6.440 6.447 6.454 6.460
99-29 6.419 6.407 6.413 6.424 6.430 6.436 6.442
99-29+ 6.404 6.394 6.399 6.409 6.414 6.419 6.424
99-30 6.390 6.382 6.386 6.394 6.397 6.401 6.405
99-30+ 6.375 6.369 6.372 6.378 6.381 6.384 6.387
99-31 6.361 6.357 6.359 6.363 6.365 6.366 6.368
99-31+ 6.346 6.344 6.345 6.347 6.348 6.349 6.350
100-00 6.332 6.332 6.332 6.332 6.332 6.332 6.332
100-00+ 6.317 6.319 6.318 6.316 6.315 6.314 6.313
100-01 6.303 6.307 6.305 6.301 6.299 6.297 6.295
100-01+ 6.288 6.294 6.291 6.285 6.282 6.279 6.276
100-02 6.274 6.282 6.278 6.270 6.266 6.262 6.258
100-02+ 6.259 6.269 6.264 6.254 6.249 6.245 6.240
100-03 6.245 6.257 6.251 6.239 6.233 6.227 6.221
100-03+ 6.230 6.244 6.237 6.223 6.216 6.210 6.203
Avg. Life 1.150 1.342 1.239 1.075 1.008 0.951 0.900
Mod. Dur. 1.075 1.247 1.155 1.008 0.947 0.895 0.848
Mac. Dur. 1.109 1.286 1.192 1.040 0.977 0.923 0.875
1st Pmt. 0.878 1.044 0.961 0.794 0.794 0.711 0.711
Last Pmt. 1.461 1.711 1.544 1.294 1.211 1.211 1.128
</TABLE>
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE
SUCH A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES
INCORPORATED FINANCIAL ADVISOR IMMEDIATELY.
THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL
TERMSHEETS, AND WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION IN THE
PROSPECTUS SUPPLEMENT.
<PAGE> 10
<TABLE>
<S> <C>
Deal ID/CUSIP EQCCF7B Coupon 6.415
Class A3 SEQ Accr 0.24947 1st Pmt 10/15/97
Collateral 100%WL (Real) Factor on / /
N/GWAC (Orig) / (10.414/11.034) LIBOR-1M 5.65625
WAM (Orig) (23.333) Mat N/A Settle 09/29/97
CenterPrice 100-00 Inc 0.5 Table Yield Roll@
</TABLE>
<TABLE>
<CAPTION>
FIX HEP 25.00 HEP 21.00 HEP 23.00 HEP 27.00 HEP 29.00 HEP 31.00 HEP 33.00
ARM CPR 27.00 CPR 27.00 CPR 27.00 CPR 27.00 CPR 27.00 CPR 27.00 CPR 27.00
--- --------- --------- --------- --------- --------- --------- ---------
<S> <C> <C> <C> <C> <C> <C> <C>
99-28+ 6.561 6.553 6.557 6.566 6.570 6.574 6.579
99-29 6.553 6.545 6.549 6.556 6.560 6.564 6.568
99-29+ 6.544 6.538 6.541 6.547 6.550 6.553 6.557
99-30 6.536 6.531 6.533 6.538 6.540 6.543 6.546
99-30+ 6.527 6.523 6.525 6.529 6.531 6.532 6.534
99-31 6.518 6.516 6.517 6.520 6.521 6.522 6.523
99-31+ 6.510 6.509 6.509 6.510 6.511 6.512 6.512
100-00 6.501 6.501 6.501 6.501 6.501 6.501 6.501
100-00+ 6.493 6.494 6.493 6.492 6.491 6.491 6.490
100-01 6.484 6.486 6.485 6.483 6.481 6.480 6.479
100-01+ 6.475 6.479 6.477 6.474 6.472 6.470 6.468
100-02 6.467 6.472 6.469 6.464 6.462 6.459 6.457
100-02+ 6.458 6.464 6.461 6.455 6.452 6.449 6.446
100-03 6.450 6.457 6.453 6.446 6.442 6.438 6.435
100-03+ 6.441 6.450 6.445 6.437 6.432 6.428 6.423
Avg. Life 2.000 2.361 2.166 1.857 1.731 1.622 1.523
Mod. Dur. 1.815 2.118 1.955 1.693 1.585 1.490 1.404
Mac. Dur. 1.874 2.187 2.019 1.748 1.637 1.539 1.449
1st Pmt. 1.461 1.711 1.544 1.294 1.211 1.211 1.128
Last Pmt. 2.628 3.128 2.878 2.461 2.294 2.128 1.961
</TABLE>
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE
SUCH A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES
INCORPORATED FINANCIAL ADVISOR IMMEDIATELY.
THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL
TERMSHEETS, AND WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION IN THE
PROSPECTUS SUPPLEMENT.
<PAGE> 11
<TABLE>
<S> <C>
Deal ID/CUSIP EQCCF7B Coupon 6.545
Class A4 SEQ Accr 0.25453 1st Pmt 10/15/97
Collateral 100%WL (Real) Factor on / /
N/GWAC (Orig) / (10.414/11.034) LIBOR-1M 5.65625
WAM (Orig) (23.333) Mat N/A Settle 09/29/97
CenterPrice 100-00 Inc 0.5 Table Yield Roll@
</TABLE>
<TABLE>
<CAPTION>
FIX HEP 25.00 HEP 21.00 HEP 23.00 HEP 27.00 HEP 29.00 HEP 31.00 HEP 33.00
ARM CPR 27.00 CPR 27.00 CPR 27.00 CPR 27.00 CPR 27.00 CPR 27.00 CPR 27.00
--- --------- --------- --------- --------- --------- --------- ---------
<S> <C> <C> <C> <C> <C> <C> <C>
99-28+ 6.675 6.669 6.672 6.678 6.681 6.684 6.687
99-29 6.669 6.664 6.667 6.672 6.674 6.677 6.680
99-29+ 6.663 6.659 6.661 6.666 6.668 6.670 6.672
99-30 6.658 6.654 6.656 6.659 6.661 6.663 6.665
99-30+ 6.652 6.649 6.651 6.653 6.655 6.656 6.657
99-31 6.646 6.645 6.645 6.647 6.648 6.649 6.650
99-31+ 6.641 6.640 6.640 6.641 6.641 6.642 6.642
100-00 6.635 6.635 6.635 6.635 6.635 6.635 6.635
100-00+ 6.629 6.630 6.629 6.629 6.628 6.628 6.627
100-01 6.623 6.625 6.624 6.622 6.622 6.621 6.620
100-01+ 6.618 6.620 6.619 6.616 6.615 6.614 6.612
100-02 6.612 6.615 6.614 6.610 6.608 6.607 6.605
100-02+ 6.606 6.610 6.608 6.604 6.602 6.600 6.597
100-03 6.600 6.606 6.603 6.598 6.595 6.592 6.590
100-03+ 6.595 6.601 6.598 6.592 6.588 6.585 6.582
Avg. Life 3.100 3.729 3.388 2.857 2.652 2.475 2.319
Mod. Dur. 2.715 3.201 2.940 2.521 2.356 2.211 2.082
Mac. Dur. 2.805 3.308 3.037 2.605 2.434 2.285 2.151
1st Pmt. 2.628 3.128 2.878 2.461 2.294 2.128 1.961
Last Pmt. 3.628 4.378 3.961 3.294 3.044 2.878 2.711
</TABLE>
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE
SUCH A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES
INCORPORATED FINANCIAL ADVISOR IMMEDIATELY.
THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL
TERMSHEETS, AND WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION IN THE
PROSPECTUS SUPPLEMENT.
<PAGE> 12
<TABLE>
<S> <C>
Deal ID/CUSIP EQCCF7B Coupon 6.900
Class A5 SEQ Accr 0.26833 1st Pmt 10/15/97
Collateral 100%WL (Real) Factor on / /
N/GWAC (Orig) / (10.414/11.034) LIBOR-1M 5.65625
WAM (Orig) (23.333) Mat N/A Settle 09/29/97
CenterPrice 100-00 Inc 0.5 Table Yield Roll@
</TABLE>
<TABLE>
<CAPTION>
FIX HEP 25.00 HEP 21.00 HEP 23.00 HEP 27.00 HEP 29.00 HEP 31.00 HEP 33.00
ARM CPR 27.00 CPR 27.00 CPR 27.00 CPR 27.00 CPR 27.00 CPR 27.00 CPR 27.00
--- --------- --------- --------- --------- --------- --------- ---------
<S> <C> <C> <C> <C> <C> <C> <C>
99-28+ 7.028 7.023 7.026 7.030 7.032 7.034 7.037
99-29 7.024 7.020 7.022 7.026 7.027 7.029 7.031
99-29+ 7.020 7.017 7.018 7.021 7.023 7.025 7.026
99-30 7.016 7.013 7.015 7.017 7.018 7.020 7.021
99-30+ 7.012 7.010 7.011 7.013 7.014 7.015 7.016
99-31 7.008 7.007 7.007 7.008 7.009 7.010 7.010
99-31+ 7.004 7.003 7.004 7.004 7.004 7.005 7.005
100-00 7.000 7.000 7.000 7.000 7.000 7.000 7.000
100-00+ 6.996 6.996 6.996 6.996 6.995 6.995 6.995
100-01 6.992 6.993 6.993 6.991 6.991 6.990 6.989
100-01+ 6.988 6.990 6.989 6.987 6.986 6.985 6.984
100-02 6.984 6.986 6.985 6.983 6.981 6.980 6.979
100-02+ 6.980 6.983 6.982 6.978 6.977 6.975 6.973
100-03 6.976 6.980 6.978 6.974 6.972 6.970 6.968
100-03+ 6.972 6.976 6.974 6.970 6.968 6.965 6.963
Avg. Life 4.801 5.855 5.271 4.381 4.020 3.710 3.439
Mod. Dur. 3.936 4.633 4.255 3.643 3.384 3.155 2.953
Mac. Dur. 4.073 4.795 4.403 3.770 3.502 3.266 3.056
1st Pmt. 3.628 4.378 3.961 3.294 3.044 2.878 2.711
Last Pmt. 6.544 8.461 6.961 5.878 5.378 4.878 4.544
</TABLE>
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE
SUCH A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES
INCORPORATED FINANCIAL ADVISOR IMMEDIATELY.
THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL
TERMSHEETS, AND WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION IN THE
PROSPECTUS SUPPLEMENT.
<PAGE> 13
<TABLE>
<S> <C>
Deal ID/CUSIP EQCCF7B Coupon 7.295
Class A6 SEQ Accr 0.28369 1st Pmt 10/15/97
Collateral 100%WL (Real) Factor on / /
N/GWAC (Orig) / (10.414/11.034) LIBOR-1M 5.65625
WAM (Orig) (23.333) Mat N/A Settle 09/29/97
CenterPrice 99-31+ Inc 0.5 Table Yield Roll@
</TABLE>
***** TO MATURITY *****
<TABLE>
<CAPTION>
FIX HEP 25.00 HEP 21.00 HEP 23.00 HEP 27.00 HEP 29.00 HEP 31.00 HEP 33.00
ARM CPR 27.00 CPR 27.00 CPR 27.00 CPR 27.00 CPR 27.00 CPR 27.00 CPR 27.00
--- --------- --------- --------- --------- --------- --------- ---------
<S> <C> <C> <C> <C> <C> <C> <C>
99-28 7.425 7.423 7.424 7.427 7.428 7.430 7.432
99-28+ 7.423 7.421 7.422 7.424 7.425 7.427 7.428
99-29 7.421 7.419 7.420 7.422 7.423 7.424 7.425
99-29+ 7.418 7.417 7.418 7.419 7.420 7.421 7.422
99-30 7.416 7.415 7.415 7.417 7.417 7.418 7.419
99-30+ 7.414 7.413 7.413 7.414 7.415 7.415 7.416
99-31 7.411 7.411 7.411 7.412 7.412 7.412 7.413
99-31+ 7.409 7.409 7.409 7.409 7.409 7.410 7.410
100-00 7.407 7.407 7.407 7.407 7.407 7.407 7.407
100-00+ 7.404 7.405 7.405 7.404 7.404 7.404 7.404
100-01 7.402 7.403 7.402 7.402 7.401 7.401 7.400
100-01+ 7.400 7.400 7.400 7.399 7.399 7.398 7.397
100-02 7.397 7.398 7.398 7.397 7.396 7.395 7.394
100-02+ 7.395 7.396 7.396 7.394 7.393 7.392 7.391
100-03 7.393 7.394 7.394 7.392 7.391 7.389 7.388
Avg. Life 9.854 11.677 10.774 9.013 8.209 7.445 6.731
Mod. Dur. 6.661 7.489 7.095 6.245 5.826 5.410 5.005
Mac. Dur. 6.908 7.767 7.358 6.476 6.042 5.610 5.191
1st Pmt. 6.544 8.461 6.961 5.878 5.378 4.878 4.544
Last Pmt. 29.711 29.711 29.711 29.711 29.711 29.711 29.711
</TABLE>
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE
SUCH A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES
INCORPORATED FINANCIAL ADVISOR IMMEDIATELY.
THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL
TERMSHEETS, AND WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION IN THE
PROSPECTUS SUPPLEMENT.
<PAGE> 14
<TABLE>
<S> <C>
Deal ID/CUSIP EQCCF7B Coupon 7.295
Class A6 SEQ Accr 0.28369 1st Pmt 10/15/97
Collateral 100%WL (Real) Factor on / /
N/GWAC (Orig) / (10.414/11.034) LIBOR-1M 5.65625
WAM (Orig) (23.333) Mat N/A Settle 09/29/97
CenterPrice 99-31+ Inc 0.5 Table Yield Roll@
</TABLE>
***** TO CALL *****
<TABLE>
<CAPTION>
FIX HEP 25.00 HEP 21.00 HEP 23.00 HEP 27.00 HEP 29.00 HEP 31.00 HEP 33.00
ARM CPR 27.00 CPR 27.00 CPR 27.00 CPR 27.00 CPR 27.00 CPR 27.00 CPR 27.00
--- --------- --------- --------- --------- --------- --------- ---------
<S> <C> <C> <C> <C> <C> <C> <C>
99-28 7.430 7.428 7.429 7.431 7.432 7.434 7.436
99-28+ 7.427 7.425 7.426 7.428 7.429 7.430 7.432
99-29 7.424 7.423 7.424 7.425 7.426 7.427 7.428
99-29+ 7.421 7.420 7.421 7.422 7.423 7.424 7.425
99-30 7.418 7.417 7.418 7.419 7.419 7.420 7.421
99-30+ 7.415 7.415 7.415 7.416 7.416 7.417 7.417
99-31 7.413 7.412 7.412 7.413 7.413 7.413 7.414
99-31+ 7.410 7.409 7.409 7.410 7.410 7.410 7.410
100-00 7.407 7.407 7.407 7.407 7.407 7.407 7.407
100-00+ 7.404 7.404 7.404 7.404 7.403 7.403 7.403
100-01 7.401 7.401 7.401 7.401 7.400 7.400 7.399
100-01+ 7.398 7.399 7.398 7.397 7.397 7.396 7.396
100-02 7.395 7.396 7.395 7.394 7.394 7.393 7.392
100-02+ 7.392 7.393 7.393 7.391 7.391 7.390 7.389
100-03 7.389 7.391 7.390 7.388 7.387 7.386 7.385
Avg. Life 7.044 7.961 7.450 6.605 6.288 5.852 5.437
Mod. Dur. 5.316 5.829 5.547 5.057 4.864 4.592 4.326
Mac. Dur. 5.513 6.045 5.753 5.244 5.044 4.762 4.486
1st Pmt. 6.544 7.961 6.961 5.878 5.378 4.878 4.544
Last Pmt. 11/15/04 09/15/05 03/15/05 06/15/04 04/15/04 12/15/03 08/15/03
</TABLE>
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE
SUCH A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES
INCORPORATED FINANCIAL ADVISOR IMMEDIATELY.
THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL
TERMSHEETS, AND WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION IN THE
PROSPECTUS SUPPLEMENT.
<PAGE> 15
<TABLE>
<S> <C>
Deal ID/CUSIP EQCCF7B Coupon 6.855
Class A7 NAS Accr 0.26658 1st Pmt 10/15/97
Collateral 100%WL (Real) Factor on / /
N/GWAC (Orig) / (10.414/11.034) LIBOR-1M 5.65625
WAM (Orig) (23.333) Mat N/A Settle 09/29/97
CenterPrice 99-31+ Inc 0.5 Table Yield Roll@
</TABLE>
***** TO MATURITY *****
<TABLE>
<CAPTION>
FIX HEP 25.00 HEP 21.00 HEP 23.00 HEP 27.00 HEP 29.00 HEP 31.00 HEP 33.00
ARM CPR 27.00 CPR 27.00 CPR 27.00 CPR 27.00 CPR 27.00 CPR 27.00 CPR 27.00
--- --------- --------- --------- --------- --------- --------- ---------
<S> <C> <C> <C> <C> <C> <C> <C>
99-28 6.979 6.978 6.979 6.980 6.980 6.980 6.981
99-28+ 6.976 6.975 6.976 6.976 6.977 6.977 6.977
99-29 6.973 6.972 6.973 6.973 6.973 6.974 6.974
99-29+ 6.970 6.969 6.969 6.970 6.970 6.970 6.970
99-30 6.966 6.966 6.966 6.967 6.967 6.967 6.967
99-30+ 6.963 6.963 6.963 6.963 6.963 6.964 6.964
99-31 6.960 6.960 6.960 6.960 6.960 6.960 6.960
99-31+ 6.957 6.957 6.957 6.957 6.957 6.957 6.957
100-00 6.954 6.954 6.954 6.954 6.954 6.954 6.954
100-00+ 6.950 6.950 6.950 6.950 6.950 6.950 6.950
100-01 6.947 6.947 6.947 6.947 6.947 6.947 6.947
100-01+ 6.944 6.944 6.944 6.944 6.944 6.944 6.943
100-02 6.941 6.941 6.941 6.941 6.940 6.940 6.940
100-02+ 6.938 6.938 6.938 6.937 6.937 6.937 6.937
100-03 6.934 6.935 6.935 6.934 6.934 6.934 6.933
Avg. Life 6.256 6.520 6.381 6.145 6.047 5.958 5.878
Mod. Dur. 4.857 5.017 4.933 4.788 4.726 4.670 4.618
Mac. Dur. 5.026 5.191 5.105 4.955 4.891 4.832 4.779
1st Pmt. 3.044 3.044 3.044 3.044 3.044 3.044 3.044
Last Pmt. 14.628 14.628 14.628 14.628 14.628 14.628 14.628
</TABLE>
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE
SUCH A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES
INCORPORATED FINANCIAL ADVISOR IMMEDIATELY.
THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL
TERMSHEETS, AND WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION IN THE
PROSPECTUS SUPPLEMENT.
<PAGE> 16
<TABLE>
<S> <C>
Deal ID/CUSIP EQCCF7B Coupon 6.855
Class A7 NAS Accr 0.26658 1st Pmt 10/15/97
Collateral 100%WL (Real) Factor on / /
N/GWAC (Orig) / (10.414/11.034) LIBOR-1M 5.65625
WAM (Orig) (23.333) Mat N/A Settle 09/29/97
CenterPrice 99-31+ Inc 0.5 Table Yield Roll@
</TABLE>
***** TO CALL *****
<TABLE>
<CAPTION>
FIX HEP 25.00 HEP 21.00 HEP 23.00 HEP 27.00 HEP 29.00 HEP 31.00 HEP 33.00
ARM CPR 27.00 CPR 27.00 CPR 27.00 CPR 27.00 CPR 27.00 CPR 27.00 CPR 27.00
--- --------- --------- --------- --------- --------- --------- ---------
<S> <C> <C> <C> <C> <C> <C> <C>
99-28 6.980 6.979 6.980 6.981 6.982 6.982 6.983
99-28+ 6.977 6.976 6.976 6.978 6.978 6.979 6.980
99-29 6.974 6.973 6.973 6.974 6.975 6.975 6.976
99-29+ 6.970 6.969 6.970 6.971 6.971 6.972 6.972
99-30 6.967 6.966 6.967 6.967 6.968 6.968 6.968
99-30+ 6.964 6.963 6.963 6.964 6.964 6.964 6.965
99-31 6.960 6.960 6.960 6.960 6.961 6.961 6.961
99-31+ 6.957 6.957 6.957 6.957 6.957 6.957 6.957
100-00 6.954 6.954 6.954 6.954 6.954 6.954 6.954
100-00+ 6.950 6.950 6.950 6.950 6.950 6.950 6.950
100-01 6.947 6.947 6.947 6.947 6.947 6.946 6.946
100-01+ 6.944 6.944 6.944 6.943 6.943 6.943 6.942
100-02 6.940 6.941 6.941 6.940 6.940 6.939 6.939
100-02+ 6.937 6.938 6.937 6.936 6.936 6.936 6.935
100-03 6.934 6.935 6.934 6.933 6.933 6.932 6.931
Avg. Life 5.941 6.320 6.118 5.719 5.588 5.387 5.182
Mod. Dur. 4.681 4.912 4.790 4.543 4.459 4.331 4.197
Mac. Dur. 4.844 5.083 4.956 4.701 4.614 4.481 4.343
1st Pmt. 3.044 3.044 3.044 3.044 3.044 3.044 3.044
Last Pmt. 11/15/04 09/15/05 03/15/05 06/15/04 04/15/04 12/15/03 08/15/03
</TABLE>
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE
SUCH A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES
INCORPORATED FINANCIAL ADVISOR IMMEDIATELY.
THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL
TERMSHEETS, AND WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION IN THE
PROSPECTUS SUPPLEMENT.
<PAGE> 17
<TABLE>
<S> <C>
Deal ID/CUSIP EQCCF7B Coupon + 18 Cap 99.0 Flr 0.18
Class A8 FLT CUR LIBOR-1M+18,Flr 0.1 greater than Accr 0.00000 1st Pmt 10/15/97
Collateral 100%WL (Real) Factor on / /
N/GWAC (Orig) / (10.414/11.034) LIBOR-1M 5.65625
WAM (Orig) (23.333) Mat N/A Settle 09/29/97
CenterPrice 100-00 Inc 0.5 Table DMrg Act/360 Roll@
</TABLE>
***** TO CALL *****
<TABLE>
<CAPTION>
FIX HEP 25.00 HEP 25.00 HEP 25.00 HEP 25.00 HEP 25.00 HEP 25.00 HEP 25.00
ARM CPR 27.00 CPR 21.00 CPR 23.00 CPR 25.00 CPR 29.00 CPR 31.00 CPR 33.00
--- --------- --------- --------- --------- --------- --------- ---------
<S> <C> <C> <C> <C> <C> <C> <C>
99-28+ 22.389 21.629 21.868 22.119 22.660 22.942 23.226
99-29 21.762 21.110 21.315 21.530 21.994 22.235 22.479
99-29+ 21.134 20.591 20.762 20.941 21.328 21.529 21.732
99-30 20.507 20.073 20.210 20.353 20.662 20.823 20.985
99-30+ 19.880 19.554 19.657 19.764 19.996 20.117 20.239
99-31 19.253 19.036 19.104 19.176 19.331 19.411 19.492
99-31+ 18.626 18.518 18.552 18.588 18.665 18.705 18.746
100-00 18.000 18.000 18.000 18.000 18.000 18.000 18.000
100-00+ 17.374 17.482 17.448 17.412 17.335 17.295 17.254
100-01 16.748 16.964 16.896 16.825 16.670 16.590 16.509
100-01+ 16.122 16.447 16.344 16.237 16.006 15.885 15.763
100-02 15.496 15.929 15.793 15.650 15.341 15.181 15.018
100-02+ 14.870 15.412 15.241 15.063 14.677 14.476 14.273
100-03 14.245 14.895 14.690 14.476 14.013 13.772 13.529
100-03+ 13.619 14.378 14.139 13.889 13.349 13.068 12.784
Avg. Life 2.811 3.467 3.231 3.015 2.632 2.468 2.323
Mod. Dur. 2.400 2.902 2.722 2.557 2.260 2.132 2.016
Mac. Dur. 2.472 2.989 2.804 2.634 2.328 2.195 2.076
1st Pmt. 0.044 0.044 0.044 0.044 0.044 0.044 0.044
Last Pmt. 11/15/04 03/15/05 02/15/05 01/15/05 10/15/04 09/15/04 09/15/04
</TABLE>
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE
SUCH A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES
INCORPORATED FINANCIAL ADVISOR IMMEDIATELY.
THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL
TERMSHEETS, AND WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION IN THE
PROSPECTUS SUPPLEMENT.
<PAGE> 18
- EQUICREDIT 1997-B
- Cut Off Date of Tape is 8/31/97
- FIXED RATE COLLATERAL
- $108,269,597.59
Number of Mortgage Loans: 2,497
Lien Status: First and Second Lien Loans
Aggregate Unpaid Principal Balance: $108,269,597.59
Aggregate Original Principal Balance: $108,722,465.44
Weighted Average Gross Coupon: 11.275%
Gross Coupon Range: 7.750% - 17.480%
Average Unpaid Principal Balance: $43,359.87
Average Original Principal Balance: $43,541.24
Maximum Unpaid Principal Balance: $326,142.23
Minimum Unpaid Principal Balance: $4,125.26
Maximum Original Principal Balance: $326,250.00
Minimum Original Principal Balance: $5,000.00
Weighted Avg. Stated Rem. Term (PTD to Mat/Bln Date): 206.523
Stated Rem Term Range: 22.000 - 360.000
Weighted Average Age (First Pay thru Paid Thru Date): 2.846
Age Range: 0.000 - 92.000
Weighted Average Original Term (to Mat/Bln Date): 209.369
Original Term Range: 24.000 - 360.000
Weighted Average Original LTV (Home Equity Ratio): 62.876
Original LTV Range: 2.500% - 95.000%
Weighted Average Combined LTV: 77.511
Combined LTV Range: 10.000% - 99.000%
THIS COLLATERAL TERMSHEET SUPERSEDES ANY PREVIOUS COLLATERAL
TERMSHEETS, AND WILL BE SUPERSEDED BY THE COLLATERAL INFORMATION IN THE
PROSPECTUS SUPPLEMENT.
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE
SUCH A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES
INCORPORATED FINANCIAL ADVISOR IMMEDIATELY.
<PAGE> 19
GROSS MORTGAGE INTEREST RATE RANGE
<TABLE>
<CAPTION>
Percentage of
Aggregate Cut-Off Date
Gross Mortgage Number of Unpaid Aggregate
Interest Rate Mortgage Principal Principal
Range Loans Balance Balance
<S> <C> <C> <C>
7.50% less than Gross Coupon less than or equal to 7.75% 1 35,562.11 0.03
7.75% less than Gross Coupon less than or equal to 8.00% 10 879,834.51 0.81
8.00% less than Gross Coupon less than or equal to 8.25% 2 101,044.36 0.09
8.25% less than Gross Coupon less than or equal to 8.50% 11 1,391,349.17 1.29
8.50% less than Gross Coupon less than or equal to 8.75% 17 936,770.20 0.87
8.75% less than Gross Coupon less than or equal to 9.00% 32 2,368,222.29 2.19
9.00% less than Gross Coupon less than or equal to 9.25% 37 2,375,520.30 2.19
9.25% less than Gross Coupon less than or equal to 9.50% 69 4,400,897.45 4.06
9.50% less than Gross Coupon less than or equal to 9.75% 74 4,162,578.81 3.84
9.75% less than Gross Coupon less than or equal to 10.00% 136 8,357,851.99 7.72
10.00% less than Gross Coupon less than or equal to 10.25% 73 4,317,303.73 3.99
10.25% less than Gross Coupon less than or equal to 10.50% 140 7,629,990.35 7.05
10.50% less than Gross Coupon less than or equal to 10.75% 117 6,059,129.35 5.60
10.75% less than Gross Coupon less than or equal to 11.00% 221 11,752,736.49 10.86
11.00% less than Gross Coupon less than or equal to 11.25% 149 6,386,242.16 5.90
11.25% less than Gross Coupon less than or equal to 11.50% 166 6,745,326.53 6.23
11.50% less than Gross Coupon less than or equal to 11.75% 128 5,822,713.34 5.38
11.75% less than Gross Coupon less than or equal to 12.00% 159 6,568,607.28 6.07
12.00% less than Gross Coupon less than or equal to 12.25% 104 3,458,691.51 3.19
12.25% less than Gross Coupon less than or equal to 12.50% 115 4,157,456.68 3.84
12.50% less than Gross Coupon less than or equal to 12.75% 85 2,903,558.13 2.68
12.75% less than Gross Coupon less than or equal to 13.00% 97 3,146,643.93 2.91
13.00% less than Gross Coupon less than or equal to 13.25% 65 2,107,793.52 1.95
13.25% less than Gross Coupon less than or equal to 13.50% 55 1,462,534.50 1.35
13.50% less than Gross Coupon less than or equal to 13.75% 72 1,805,712.12 1.67
13.75% less than Gross Coupon less than or equal to 14.00% 81 1,963,684.56 1.81
14.00% less than Gross Coupon less than or equal to 14.25% 47 1,349,447.68 1.25
14.25% less than Gross Coupon less than or equal to 14.50% 107 2,617,254.81 2.42
14.50% less than Gross Coupon less than or equal to 14.75% 45 1,178,135.69 1.09
14.75% less than Gross Coupon less than or equal to 15.00% 31 715,589.49 0.66
15.00% less than Gross Coupon less than or equal to 15.25% 12 283,754.80 0.26
15.25% less than Gross Coupon less than or equal to 15.50% 8 186,425.32 0.17
15.50% less than Gross Coupon less than or equal to 15.75% 10 208,492.86 0.19
15.75% less than Gross Coupon less than or equal to 16.00% 5 144,038.82 0.13
16.00% less than Gross Coupon less than or equal to 16.25% 3 80,460.32 0.07
16.25% less than Gross Coupon less than or equal to 16.50% 1 12,080.09 0.01
16.75% less than Gross Coupon less than or equal to 17.00% 10 155,612.75 0.14
17.25% less than Gross Coupon less than or equal to 17.50% 2 40,549.59 0.04
- ----------------------------------------------------------------------------------------------------------------
Total........................................................ 2497 $108,269,597.59 100.00%
================================================================================================================
</TABLE>
REMAINING MONTHS TO STATED MATURITY
<TABLE>
<CAPTION>
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Remaining Term Loans Balance Balance
<S> <C> <C> <C>
12 less than Rem Term less than or equal to 24 1 6,497.86 0.01%
36 less than Rem Term less than or equal to 48 1 4,125.26 0.00%
48 less than Rem Term less than or equal to 60 26 639,454.82 0.59%
60 less than Rem Term less than or equal to 72 4 81,901.90 0.08%
72 less than Rem Term less than or equal to 84 135 9,582,501.83 8.85%
84 less than Rem Term less than or equal to 96 7 134,902.73 0.12%
96 less than Rem Term less than or equal to 108 4 70,747.81 0.07%
108 less than Rem Term less than or equal to 120 201 5,677,964.08 5.24%
132 less than Rem Term less than or equal to 144 2 24,227.00 0.02%
144 less than Rem Term less than or equal to 156 3 70,769.73 0.07%
156 less than Rem Term less than or equal to 168 37 1,461,896.20 1.35%
168 less than Rem Term less than or equal to 180 1,581 59,654,465.78 55.10%
216 less than Rem Term less than or equal to 228 6 274,312.26 0.25%
228 less than Rem Term less than or equal to 240 161 7,923,707.62 7.32%
336 less than Rem Term less than or equal to 348 3 292,261.68 0.27%
348 less than Rem Term less than or equal to 360 325 22,369,861.03 20.66%
- -------------------------------------------------------------------------------------------------------------
Total.............................................. 2,497 108,269,597.59 100.00%
=============================================================================================================
</TABLE>
THIS COLLATERAL TERMSHEET SUPERSEDES ANY PREVIOUS COLLATERAL
TERMSHEETS, AND WILL BE SUPERSEDED BY THE COLLATERAL INFORMATION IN THE
PROSPECTUS SUPPLEMENT.
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE
SUCH A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES
INCORPORATED FINANCIAL ADVISOR IMMEDIATELY.
<PAGE> 20
AGE OF LOAN
<TABLE>
<CAPTION>
PercentAge of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
MortgAge Principal Principal
Age Loans Balance Balance
<S> <C> <C> <C>
Age = 0 221 9,313,972.91 8.60%
0 less than Age less than or equal to 12 2,228 97,186,787.60 89.76%
12 less than Age less than or equal to 24 45 1,690,870.73 1.56%
24 less than Age less than or equal to 36 2 45,325.35 0.04%
84 less than Age less than or equal to 96 1 32,641.00 0.03%
- ----------------------------------------------------------------------------------------------------------------
Total........................................... 2,497 108,269,597.59 100.00%
================================================================================================================
</TABLE>
ORIGINAL LOAN-TO-VALUE RATIOS (HOME EQUITY RATIOS)
<TABLE>
<CAPTION>
Percentage of
Aggregate Cut-Off Date
Original Number of Unpaid Aggregate
Loan-To-Value Mortgage Principal Principal
Ratio Loans Balance Balance
<S> <C> <C> <C>
0.000 less than LTV less than or equal to 5.000 2 35,845.90 0.03
5.000 less than LTV less than or equal to 10.000 65 891,807.32 0.82
10.000 less than LTV less than or equal to 15.000 190 3,418,752.28 3.16
15.000 less than LTV less than or equal to 20.000 282 5,747,893.15 5.31
20.000 less than LTV less than or equal to 25.000 226 5,473,368.61 5.06
25.000 less than LTV less than or equal to 30.000 138 4,089,746.09 3.78
30.000 less than LTV less than or equal to 35.000 114 3,748,080.19 3.46
35.000 less than LTV less than or equal to 40.000 71 2,415,041.34 2.23
40.000 less than LTV less than or equal to 45.000 60 2,328,874.93 2.15
45.000 less than LTV less than or equal to 50.000 64 2,254,934.69 2.08
50.000 less than LTV less than or equal to 55.000 58 2,621,696.25 2.42
55.000 less than LTV less than or equal to 60.000 67 2,995,298.04 2.77
60.000 less than LTV less than or equal to 65.000 105 5,197,011.10 4.80
65.000 less than LTV less than or equal to 70.000 163 8,174,689.42 7.55
70.000 less than LTV less than or equal to 75.000 214 12,434,862.91 11.49
75.000 less than LTV less than or equal to 80.000 365 21,943,738.35 20.27
80.000 less than LTV less than or equal to 85.000 218 15,947,679.81 14.73
85.000 less than LTV less than or equal to 90.000 79 7,153,114.18 6.61
90.000 less than LTV less than or equal to 95.000 16 1,397,163.03 1.29
- ------------------------------------------------------------------------------------------------
Total............................................... 2497 $108,269,597.59 100.00%
================================================================================================
</TABLE>
THIS COLLATERAL TERMSHEET SUPERSEDES ANY PREVIOUS COLLATERAL
TERMSHEETS, AND WILL BE SUPERSEDED BY THE COLLATERAL INFORMATION IN THE
PROSPECTUS SUPPLEMENT.
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE
SUCH A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES
INCORPORATED FINANCIAL ADVISOR IMMEDIATELY.
<PAGE> 21
ORIGINAL COMBINED LOAN-TO-VALUE RATIOS
<TABLE>
<CAPTION>
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Original CLTV Ratio Loans Balance Balance
<S> <C> <C> <C>
5.000 less than CLTV less than or equal to 10.000 1 11,374.12 0.01
10.000 less than CLTV less than or equal to 15.000 3 52,332.79 0.05
15.000 less than CLTV less than or equal to 20.000 12 195,464.42 0.18
20.000 less than CLTV less than or equal to 25.000 10 265,924.16 0.25
25.000 less than CLTV less than or equal to 30.000 15 335,145.21 0.31
30.000 less than CLTV less than or equal to 35.000 23 773,957.38 0.71
35.000 less than CLTV less than or equal to 40.000 17 479,329.82 0.44
40.000 less than CLTV less than or equal to 45.000 33 1,186,311.09 1.10
45.000 less than CLTV less than or equal to 50.000 50 1,768,049.84 1.63
50.000 less than CLTV less than or equal to 55.000 58 2,523,946.33 2.33
55.000 less than CLTV less than or equal to 60.000 81 3,385,162.58 3.13
60.000 less than CLTV less than or equal to 65.000 116 5,388,130.53 4.98
65.000 less than CLTV less than or equal to 70.000 202 9,335,744.05 8.62
70.000 less than CLTV less than or equal to 75.000 271 13,989,454.18 12.92
75.000 less than CLTV less than or equal to 80.000 510 25,637,071.75 23.68
80.000 less than CLTV less than or equal to 85.000 445 21,750,627.67 20.09
85.000 less than CLTV less than or equal to 90.000 266 11,830,026.76 10.93
90.000 less than CLTV less than or equal to 95.000 93 3,137,165.67 2.90
95.000 less than CLTV less than or equal to 100.000 291 6,224,379.24 5.75
- --------------------------------------------------------------------------------------------------------------------------------
Total.................................................. 2,497 $ 108,269,597.59 100.00%
================================================================================================================================
</TABLE>
CURRENT MORTGAGE LOAN AMOUNTS
<TABLE>
<CAPTION>
Percentage of
Aggregate Cut-Off Date
Current Number of Unpaid Aggregate
Mortgage Loan Mortgage Principal Principal
Principal Balance Loans Balance Balance
<S> <C> <C> <C>
0 less than Balance less than or equal to 5,000 2 8,775.67 0.01
5,000 less than Balance less than or equal to 10,000 45 412,647.73 0.38
10,000 less than Balance less than or equal to 15,000 225 2,916,293.70 2.69
15,000 less than Balance less than or equal to 20,000 292 5,238,904.23 4.84
20,000 less than Balance less than or equal to 25,000 273 6,287,639.74 5.81
25,000 less than Balance less than or equal to 30,000 257 7,187,343.12 6.64
30,000 less than Balance less than or equal to 35,000 194 6,397,891.29 5.91
35,000 less than Balance less than or equal to 40,000 175 6,614,535.45 6.11
40,000 less than Balance less than or equal to 45,000 165 7,054,866.37 6.52
45,000 less than Balance less than or equal to 50,000 152 7,265,365.93 6.71
50,000 less than Balance less than or equal to 55,000 111 5,842,583.16 5.40
55,000 less than Balance less than or equal to 60,000 93 5,369,366.83 4.96
60,000 less than Balance less than or equal to 65,000 78 4,891,685.58 4.52
65,000 less than Balance less than or equal to 70,000 74 5,011,084.34 4.63
70,000 less than Balance less than or equal to 75,000 61 4,448,428.17 4.11
75,000 less than Balance less than or equal to 80,000 35 2,712,310.73 2.51
80,000 less than Balance less than or equal to 85,000 40 3,292,544.07 3.04
85,000 less than Balance less than or equal to 90,000 32 2,806,639.42 2.59
90,000 less than Balance less than or equal to 95,000 19 1,753,715.36 1.62
95,000 less than Balance less than or equal to 100,000 30 2,940,230.16 2.72
100,000 less than Balance less than or equal to 105,000 23 2,366,666.58 2.19
105,000 less than Balance less than or equal to 110,000 13 1,394,202.54 1.29
110,000 less than Balance less than or equal to 115,000 18 2,025,894.92 1.87
115,000 less than Balance less than or equal to 120,000 7 813,086.59 0.75
120,000 less than Balance less than or equal to 125,000 8 989,170.97 0.91
125,000 less than Balance less than or equal to 130,000 10 1,281,895.54 1.18
130,000 less than Balance less than or equal to 135,000 6 795,721.66 0.73
135,000 less than Balance less than or equal to 140,000 9 1,242,322.95 1.15
140,000 less than Balance less than or equal to 145,000 6 854,521.60 0.79
145,000 less than Balance less than or equal to 150,000 8 1,184,617.99 1.09
150,000 less than Balance less than or equal to 200,000 27 4,657,568.09 4.30
200,000 less than Balance less than or equal to 250,000 7 1,600,049.37 1.48
250,000 less than Balance less than or equal to 300,000 1 284,885.51 0.26
300,000 less than Balance less than or equal to 350,000 1 326,142.23 0.30
- --------------------------------------------------------------------------------------------------------------------
Total.......................................................... 2497 $108,269,597.59 100.00%
====================================================================================================================
</TABLE>
THIS COLLATERAL TERMSHEET SUPERSEDES ANY PREVIOUS COLLATERAL
TERMSHEETS, AND WILL BE SUPERSEDED BY THE COLLATERAL INFORMATION IN THE
PROSPECTUS SUPPLEMENT.
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE
SUCH A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES
INCORPORATED FINANCIAL ADVISOR IMMEDIATELY.
<PAGE> 22
GEOGRAPHICAL DISTRIBUTION OF MORTGAGED PROPERTIES
<TABLE>
<CAPTION>
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
State Loans Balance Balance
<S> <C> <C> <C>
AK 2 98,741.79 0.09
AL 1 25,444.38 0.02
AR 31 1,312,749.93 1.21
AZ 22 782,214.56 0.72
CA 91 5,032,903.19 4.65
CO 116 5,018,596.92 4.64
CT 1 34,467.86 0.03
DC 7 656,923.38 0.61
DE 2 110,288.92 0.10
FL 348 15,630,782.48 14.44
GA 81 3,572,748.53 3.30
HI 1 99,790.19 0.09
IA 31 1,690,367.34 1.56
ID 13 584,044.72 0.54
IL 72 3,351,253.78 3.10
IN 82 3,190,854.90 2.95
KS 17 731,944.58 0.68
KY 106 4,291,928.81 3.96
LA 327 11,648,716.28 10.76
MA 3 81,196.95 0.07
MD 32 1,453,073.36 1.34
ME 1 12,650.00 0.01
MI 120 6,130,051.62 5.66
MN 13 939,257.72 0.87
MO 24 1,032,988.90 0.95
MS 116 4,475,100.69 4.13
MT 2 64,958.48 0.06
NC 98 3,979,997.37 3.68
ND 1 36,406.85 0.03
NE 1 35,959.77 0.03
NH 2 179,706.13 0.17
NJ 11 949,434.46 0.88
NM 2 176,340.83 0.16
NV 10 384,009.49 0.35
NY 7 718,651.37 0.66
OH 353 13,516,171.14 12.48
OK 13 407,308.08 0.38
OR 5 221,663.37 0.20
PA 70 3,429,449.09 3.17
SC 59 2,410,548.27 2.23
TN 110 4,972,907.61 4.59
TX 17 1,005,841.39 0.93
UT 24 1,214,778.68 1.12
VA 15 755,688.05 0.70
VT 2 147,149.14 0.14
WA 9 723,583.71 0.67
WI 20 679,073.47 0.63
WV 4 168,666.81 0.16
WY 2 102,222.25 0.09
- ---------------------------------------------------------------------
Total............... 2497 $108,269,597.59 100.00%
=====================================================================
</TABLE>
LIEN SUMMARY
<TABLE>
<CAPTION>
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Loans Balance Balance
<S> <C> <C> <C>
1 1425 81,931,107.70 75.67
2 1072 26,338,489.89 24.33
- ----------------------------------------------------------------------
Total............... 2497 $108,269,597.59 100.00%
======================================================================
</TABLE>
THIS COLLATERAL TERMSHEET SUPERSEDES ANY PREVIOUS COLLATERAL
TERMSHEETS, AND WILL BE SUPERSEDED BY THE COLLATERAL INFORMATION IN THE
PROSPECTUS SUPPLEMENT.
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE
SUCH A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES
INCORPORATED FINANCIAL ADVISOR IMMEDIATELY.
<PAGE> 23
LOAN SUMMARY STRATIFIED BY AMORTIZATION
<TABLE>
<CAPTION>
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
AMORTIZATION Loans Balance Balance
<S> <C> <C> <C>
Fully Amortizing 2048 77,925,770.74 71.97
Partially Amortizing 449 30,343,826.85 28.03
- ---------------------------------------------------------------------------
Total.................. 2497 $108,269,597.59 100.00%
===========================================================================
</TABLE>
PROPERTY TYPE
<TABLE>
<CAPTION>
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Property Type Loans Balance Balance
<S> <C> <C> <C>
Single Family Residence 2406 103,385,775.84 95.49
2 to 4 Family Residence 46 2,730,521.60 2.52
Condo 14 733,868.28 0.68
Manufactured Housing 9 251,602.09 0.23
Multiple Properties 3 274,618.27 0.25
Townhouse 18 777,757.34 0.72
Other 1 115,454.17 0.11
- ------------------------------------------------------------------------------------------
Total..................... 2497 $108,269,597.59 100.00%
==========================================================================================
</TABLE>
THIS COLLATERAL TERMSHEET SUPERSEDES ANY PREVIOUS COLLATERAL
TERMSHEETS, AND WILL BE SUPERSEDED BY THE COLLATERAL INFORMATION IN THE
PROSPECTUS SUPPLEMENT.
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE
SUCH A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES
INCORPORATED FINANCIAL ADVISOR IMMEDIATELY.
<PAGE> 24
- EQUICREDIT 1997-B
- Cut Off Date of Tape is 8/31/97
- ARM COLLATERAL
- $25,597,378.81
Number of Mortgage Loans: 275
Lien Status: First Lien Loans
Index: 6 Month LIBOR
Aggregate Unpaid Principal Balance: $25,597,378.81
Aggregate Original Principal Balance: $25,640,325.00
Weighted Average Coupon (Gross): 9.711%
Gross Coupon Range: 6.650% - 14.490%
Weighted Average Margin (Gross): 6.666%
Gross Margin Range: 1.000% - 11.000%
Weighted Average Life Cap (Gross): 15.830%
Gross Life Cap Range: 12.500% - 20.490%
Weighted Average Life Floor (Gross): 9.585%
Gross Life Floor Range: 6.500% - 14.150%
Average Unpaid Principal Balance: $93,081.38
Average Original Principal Balance: $93,237.55
Maximum Unpaid Principal Balance: $213,737.01
Minimum Unpaid Principal Balance: $14,954.35
Maximum Original Principal Balance: $214,000.00
Minimum Original Principal Balance: $15,000.00
Weighted Avg. Stated Rem. Term (PTD to Mat/Bln Date): 194.579
Stated Rem Term Range: 75.000 - 360.000
Weighted Average Age (First Pay thru Paid Thru): 3.166
Age Range: 0.000 - 18.000
Weighted Average Original Term(to Mat/Bln Date): 197.745
Original Term Range: 83.000 - 360.000
Weighted Average Original LTV (Home Equity Ratio): 80.348
Original LTV Range: 15.000% - 95.000%
Weighted Average Periodic Interest Cap: 1.035%
Periodic Interest Cap Range: 1.000% - 3.000%
Weighted Average Months to Interest Roll: 4.113
Months to Interest Roll Range: 1 - 23
Weighted Average Interest Roll Frequency: 6.000
Interest Frequency Range: 6 - 6
THIS COLLATERAL TERMSHEET SUPERSEDES ANY PREVIOUS COLLATERAL
TERMSHEETS, AND WILL BE SUPERSEDED BY THE COLLATERAL INFORMATION IN THE
PROSPECTUS SUPPLEMENT.
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE
SUCH A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES
INCORPORATED FINANCIAL ADVISOR IMMEDIATELY.
<PAGE> 25
GROSS MORTGAGE INTEREST RATE RANGE
<TABLE>
<CAPTION>
Percentage of
Aggregate Cut-Off Date
Gross Mortgage Number of Unpaid Aggregate
Interest Rate Mortgage Principal Principal
Range Loans Balance Balance
<S> <C> <C> <C>
6.50% less than Gross Coupon less than or equal to 7.00% 4 402,083.83 1.57
7.00% less than Gross Coupon less than or equal to 7.50% 11 902,925.69 3.53
7.50% less than Gross Coupon less than or equal to 7.75% 2 232,085.04 0.91
7.75% less than Gross Coupon less than or equal to 8.00% 11 880,314.04 3.44
8.00% less than Gross Coupon less than or equal to 8.25% 8 876,353.21 3.42
8.25% less than Gross Coupon less than or equal to 8.50% 24 2,299,591.24 8.98
8.50% less than Gross Coupon less than or equal to 8.75% 26 2,770,264.39 10.82
8.75% less than Gross Coupon less than or equal to 9.00% 25 2,332,008.85 9.11
9.00% less than Gross Coupon less than or equal to 9.25% 13 1,316,584.19 5.14
9.25% less than Gross Coupon less than or equal to 9.50% 19 1,759,267.95 6.87
9.50% less than Gross Coupon less than or equal to 9.75% 14 1,363,944.46 5.33
9.75% less than Gross Coupon less than or equal to 10.00% 20 1,602,374.28 6.26
10.00% less than Gross Coupon less than or equal to 10.25% 10 857,090.83 3.35
10.25% less than Gross Coupon less than or equal to 10.50% 13 1,076,802.48 4.21
10.50% less than Gross Coupon less than or equal to 10.75% 12 1,141,279.99 4.46
10.75% less than Gross Coupon less than or equal to 11.00% 16 1,349,042.26 5.27
11.00% less than Gross Coupon less than or equal to 11.25% 3 376,380.37 1.47
11.25% less than Gross Coupon less than or equal to 11.50% 14 1,384,372.38 5.41
11.50% less than Gross Coupon less than or equal to 11.75% 2 182,315.06 0.71
11.75% less than Gross Coupon less than or equal to 12.00% 6 430,041.15 1.68
12.00% less than Gross Coupon less than or equal to 12.25% 4 260,243.78 1.02
12.25% less than Gross Coupon less than or equal to 12.50% 5 305,475.75 1.19
12.50% less than Gross Coupon less than or equal to 12.75% 2 188,917.70 0.74
12.75% less than Gross Coupon less than or equal to 13.00% 1 34,276.16 0.13
13.00% less than Gross Coupon less than or equal to 13.25% 1 141,007.48 0.55
13.25% less than Gross Coupon less than or equal to 13.50% 2 287,477.50 1.12
13.50% less than Gross Coupon less than or equal to 13.75% 3 452,012.80 1.77
13.75% less than Gross Coupon less than or equal to 14.00% 2 176,606.28 0.69
14.00% less than Gross Coupon less than or equal to 14.25% 1 131,881.10 0.52
14.25% less than Gross Coupon less than or equal to 14.50% 1 84,358.57 0.33
- --------------------------------------------------------------------------------------------------------------------
Total........................................................ 275 $ 25,597,378.81 100.00%
====================================================================================================================
</TABLE>
REMAINING MONTHS TO STATED MATURITY
<TABLE>
<CAPTION>
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Remaining Term Loans Balance Balance
<S> <C> <C> <C>
72 less than Rem Term less than or equal to 84 122 12,115,452.75 47.33%
108 less than Rem Term less than or equal to 120 29 2,678,394.69 10.46%
168 less than Rem Term less than or equal to 180 11 840,698.59 3.28%
336 less than Rem Term less than or equal to 348 2 245,792.86 0.96%
348 less than Rem Term less than or equal to 360 111 9,717,039.92 37.96%
- ----------------------------------------------------------------------------------------------
Total.............................................. 275 25,597,378.81 100.00%
==============================================================================================
</TABLE>
AGE OF LOAN
<TABLE>
<CAPTION>
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Age Loans Balance Balance
<S> <C> <C> <C>
Age = 0 34 3,575,916.00 13.97%
0 less than Age less than or equal to 12 239 21,775,669.95 85.07%
12 less than Age less than or equal to 24 2 245,792.86 0.96%
- ----------------------------------------------------------------------------------------------------
Total......................................... 275 25,597,378.81 100.00%
====================================================================================================
</TABLE>
THIS COLLATERAL TERMSHEET SUPERSEDES ANY PREVIOUS COLLATERAL
TERMSHEETS, AND WILL BE SUPERSEDED BY THE COLLATERAL INFORMATION IN THE
PROSPECTUS SUPPLEMENT.
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE
SUCH A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES
INCORPORATED FINANCIAL ADVISOR IMMEDIATELY.
<PAGE> 26
ORIGINAL LOAN-TO-VALUE RATIOS (HOME EQUITY RATIOS)
<TABLE>
<CAPTION>
Percentage of
Aggregate Cut-Off Date
Original Number of Unpaid Aggregate
Loan-To-Value Mortgage Principal Principal
Ratio Loans Balance Balance
<S> <C> <C> <C>
10.000 less than LTV less than or equal to 15.000 1 14,954.35 0.06
15.000 less than LTV less than or equal to 20.000 1 39,909.73 0.16
25.000 less than LTV less than or equal to 30.000 1 104,799.54 0.41
30.000 less than LTV less than or equal to 35.000 1 49,901.17 0.19
35.000 less than LTV less than or equal to 40.000 2 56,261.59 0.22
40.000 less than LTV less than or equal to 45.000 1 104,962.15 0.41
45.000 less than LTV less than or equal to 50.000 1 35,383.60 0.14
50.000 less than LTV less than or equal to 55.000 1 54,918.18 0.21
55.000 less than LTV less than or equal to 60.000 6 449,880.52 1.76
60.000 less than LTV less than or equal to 65.000 8 672,360.84 2.63
65.000 less than LTV less than or equal to 70.000 18 1,316,494.40 5.14
70.000 less than LTV less than or equal to 75.000 48 4,505,197.71 17.60
75.000 less than LTV less than or equal to 80.000 61 5,616,346.81 21.94
80.000 less than LTV less than or equal to 85.000 74 6,744,034.52 26.35
85.000 less than LTV less than or equal to 90.000 43 4,705,109.07 18.38
90.000 less than LTV less than or equal to 95.000 8 1,126,864.63 4.40
- ------------------------------------------------------------------------------------------------------------------------
Total............................................... 275 $ 25,597,378.81 100.00%
========================================================================================================================
</TABLE>
DISTRIBUTION OF
MARGINS
<TABLE>
<CAPTION>
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Gross Mortgage Principal Principal
Margin Loans Balance Balance
<S> <C> <C> <C>
0.500 less than Margin less than or equal to 1.000 1 51,891.71 0.20
2.500 less than Margin less than or equal to 3.000 1 143,426.73 0.56
3.500 less than Margin less than or equal to 4.000 2 182,612.52 0.71
4.000 less than Margin less than or equal to 4.500 8 846,616.31 3.31
4.500 less than Margin less than or equal to 5.000 15 1,252,449.07 4.89
5.000 less than Margin less than or equal to 5.500 35 2,996,786.37 11.71
5.500 less than Margin less than or equal to 6.000 38 3,754,765.48 14.67
6.000 less than Margin less than or equal to 6.500 49 4,788,122.76 18.71
6.500 less than Margin less than or equal to 7.000 35 3,043,327.81 11.89
7.000 less than Margin less than or equal to 7.500 29 2,536,858.63 9.91
7.500 less than Margin less than or equal to 8.000 19 1,697,399.66 6.63
8.000 less than Margin less than or equal to 8.500 18 1,722,485.51 6.73
8.500 less than Margin less than or equal to 9.000 8 696,397.91 2.72
9.000 less than Margin less than or equal to 9.500 7 537,382.92 2.10
9.500 less than Margin less than or equal to 10.000 3 350,541.07 1.37
10.000 less than Margin less than or equal to 10.500 1 141,007.48 0.55
10.500 less than Margin less than or equal to 11.000 6 855,306.87 3.34
- --------------------------------------------------------------------------------------------------------
Total.................................................. 275 $ 25,597,378.81 100.00%
========================================================================================================
</TABLE>
THIS COLLATERAL TERMSHEET SUPERSEDES ANY PREVIOUS COLLATERAL
TERMSHEETS, AND WILL BE SUPERSEDED BY THE COLLATERAL INFORMATION IN THE
PROSPECTUS SUPPLEMENT.
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE
SUCH A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES
INCORPORATED FINANCIAL ADVISOR IMMEDIATELY.
<PAGE> 27
LOAN SUMMARY STRATIFIED BY
LIFE CAP
<TABLE>
<CAPTION>
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Gross Mortgage Principal Principal
Life Cap Loans Balance Balance
<S> <C> <C> <C>
12.000 less than LIFE CAP less than or equal to 12.500 1 143,426.73 0.56
12.500 less than LIFE CAP less than or equal to 13.000 4 402,083.83 1.57
13.000 less than LIFE CAP less than or equal to 13.500 10 771,476.82 3.01
13.500 less than LIFE CAP less than or equal to 14.000 12 1,022,755.84 4.00
14.000 less than LIFE CAP less than or equal to 14.500 28 2,723,257.57 10.64
14.500 less than LIFE CAP less than or equal to 15.000 52 5,253,056.34 20.52
15.000 less than LIFE CAP less than or equal to 15.500 30 2,833,054.14 11.07
15.500 less than LIFE CAP less than or equal to 16.000 32 2,820,603.02 11.02
16.000 less than LIFE CAP less than or equal to 16.500 24 2,138,482.49 8.35
16.500 less than LIFE CAP less than or equal to 17.000 21 1,802,834.21 7.04
17.000 less than LIFE CAP less than or equal to 17.500 24 2,313,579.42 9.04
17.500 less than LIFE CAP less than or equal to 18.000 12 881,230.16 3.44
18.000 less than LIFE CAP less than or equal to 18.500 6 286,735.96 1.12
18.500 less than LIFE CAP less than or equal to 19.000 6 680,241.45 2.66
19.000 less than LIFE CAP less than or equal to 19.500 4 483,909.91 1.89
19.500 less than LIFE CAP less than or equal to 20.000 6 741,911.25 2.90
20.000 less than LIFE CAP less than or equal to 20.500 3 298,739.67 1.17
- ------------------------------------------------------------------------------------------------------------------------------
Total.................................................... 275 $25,597,378.81 100.00%
==============================================================================================================================
</TABLE>
LOAN SUMMARY STRATIFIED BY
LIFE FLOOR
<TABLE>
<CAPTION>
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Gross Mortgage Principal Principal
Life Floor Loans Balance Balance
<S> <C> <C> <C>
6.000 less than Life Floor less than or equal to 6.500 1 143,426.73 0.56
6.500 less than Life Floor less than or equal to 7.000 4 402,083.83 1.57
7.000 less than Life Floor less than or equal to 7.500 11 902,925.69 3.53
7.500 less than Life Floor less than or equal to 8.000 14 1,211,226.53 4.73
8.000 less than Life Floor less than or equal to 8.500 31 3,032,517.72 11.85
8.500 less than Life Floor less than or equal to 9.000 56 5,586,058.90 21.82
9.000 less than Life Floor less than or equal to 9.500 36 3,352,312.00 13.10
9.500 less than Life Floor less than or equal to 10.000 34 3,029,302.85 11.83
10.000 less than Life Floor less than or equal to 10.500 23 2,119,249.53 8.28
10.500 less than Life Floor less than or equal to 11.000 24 2,003,682.45 7.83
11.000 less than Life Floor less than or equal to 11.500 21 1,829,465.22 7.15
11.500 less than Life Floor less than or equal to 12.000 7 508,015.09 1.98
12.000 less than Life Floor less than or equal to 12.500 1 35,190.98 0.14
12.500 less than Life Floor less than or equal to 13.000 3 229,367.27 0.90
13.000 less than Life Floor less than or equal to 13.500 4 512,843.55 2.00
13.500 less than Life Floor less than or equal to 14.000 4 567,829.37 2.22
14.000 less than Life Floor less than or equal to 14.500 1 131,881.10 0.52
- ---------------------------------------------------------------------------------------------------------------
Total...................................................... 275 $25,597,378.81 100.00%
===============================================================================================================
</TABLE>
THIS COLLATERAL TERMSHEET SUPERSEDES ANY PREVIOUS COLLATERAL
TERMSHEETS, AND WILL BE SUPERSEDED BY THE COLLATERAL INFORMATION IN THE
PROSPECTUS SUPPLEMENT.
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE
SUCH A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES
INCORPORATED FINANCIAL ADVISOR IMMEDIATELY.
<PAGE> 28
NEXT INTEREST ROLLDATE DATE
<TABLE>
<CAPTION>
Percentage
of Cut-Off
Aggregate Date
Next Number of Unpaid Aggregate
Roll Mortgage Principal Principal
Date Loans Balance Balance
<S> <C> <C> <C>
09/01/97 25 $ 2,233,880.83 08.73
10/01/97 26 $ 2,515,904.25 09.83
11/01/97 46 $ 4,124,483.24 16.11
12/01/97 57 $ 5,049,299.11 19.73
01/01/98 76 $ 7,213,578.62 28.18
02/01/98 39 $ 3,960,531.31 15.47
03/01/98 5 $ 367,820.35 01.44
07/01/99 1 $ 131,881.10 00.52
- ---------------------------------------------------------------
Total......... 275 $25,597,378.81 100.00%
===============================================================
</TABLE>
LOAN SUMMARY STRATIFIED BY
PERIODIC CAP
<TABLE>
<CAPTION>
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Periodic Mortgage Principal Principal
Cap Loans Balance Balance
<S> <C> <C> <C>
1.000 264 24,877,651.25 97.19
1.500 7 359,373.60 1.40
3.000 4 360,353.96 1.41
- --------------------------------------------------------------------------
Total.......... 275 $ 25,597,378.81 100.00%
==========================================================================
</TABLE>
CURRENT MORTGAGE LOAN AMOUNTS
<TABLE>
<CAPTION>
Percentage of
Aggregate Cut-Off Date
Current Number of Unpaid Aggregate
Mortgage Loan Mortgage Principal Principal
Principal Balance Loans Balance Balance
<S> <C> <C> <C>
10,000 less than Balance less than or equal to 15,000 1 14,954.35 0.06
25,000 less than Balance less than or equal to 30,000 4 110,210.06 0.43
30,000 less than Balance less than or equal to 35,000 5 172,610.08 0.67
35,000 less than Balance less than or equal to 40,000 5 188,109.07 0.73
40,000 less than Balance less than or equal to 45,000 5 219,981.74 0.86
45,000 less than Balance less than or equal to 50,000 10 483,434.23 1.89
50,000 less than Balance less than or equal to 55,000 22 1,161,061.87 4.54
55,000 less than Balance less than or equal to 60,000 18 1,042,168.10 4.07
60,000 less than Balance less than or equal to 65,000 14 881,456.69 3.44
65,000 less than Balance less than or equal to 70,000 16 1,077,580.86 4.21
70,000 less than Balance less than or equal to 75,000 13 942,006.43 3.68
75,000 less than Balance less than or equal to 80,000 12 926,147.26 3.62
80,000 less than Balance less than or equal to 85,000 15 1,242,202.92 4.85
85,000 less than Balance less than or equal to 90,000 9 796,626.99 3.11
90,000 less than Balance less than or equal to 95,000 9 835,580.82 3.26
95,000 less than Balance less than or equal to 100,000 11 1,076,546.00 4.21
100,000 less than Balance less than or equal to 105,000 11 1,136,992.57 4.44
105,000 less than Balance less than or equal to 110,000 9 968,141.74 3.78
110,000 less than Balance less than or equal to 115,000 8 901,378.27 3.52
115,000 less than Balance less than or equal to 120,000 10 1,177,170.80 4.60
120,000 less than Balance less than or equal to 125,000 5 617,668.08 2.41
125,000 less than Balance less than or equal to 130,000 5 636,923.10 2.49
130,000 less than Balance less than or equal to 135,000 14 1,853,499.53 7.24
135,000 less than Balance less than or equal to 140,000 4 549,768.68 2.15
140,000 less than Balance less than or equal to 145,000 9 1,287,236.27 5.03
145,000 less than Balance less than or equal to 150,000 2 293,800.65 1.15
150,000 less than Balance less than or equal to 200,000 26 4,378,948.02 17.11
200,000 less than Balance less than or equal to 250,000 3 625,173.63 2.44
- --------------------------------------------------------------------------------------------------------------------
Total.......................................................... 275 $25,597,378.81 100.00%
====================================================================================================================
</TABLE>
THIS COLLATERAL TERMSHEET SUPERSEDES ANY PREVIOUS COLLATERAL
TERMSHEETS, AND WILL BE SUPERSEDED BY THE COLLATERAL INFORMATION IN THE
PROSPECTUS SUPPLEMENT.
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE
SUCH A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES
INCORPORATED FINANCIAL ADVISOR IMMEDIATELY.
<PAGE> 29
GEOGRAPHICAL DISTRIBUTION OF MORTGAGED PROPERTIES
<TABLE>
<CAPTION>
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
State Loans Balance Balance
<S> <C> <C> <C>
CA 15 2,205,906.08 8.62
CO 36 3,268,525.62 12.77
FL 10 1,195,245.08 4.67
IL 10 695,158.01 2.72
IN 7 530,868.07 2.07
KS 1 109,594.91 0.43
KY 15 1,143,023.90 4.47
LA 3 296,991.32 1.16
MD 1 170,196.60 0.66
ME 1 113,850.00 0.44
MI 81 7,897,861.64 30.85
MN 1 58,580.50 0.23
MO 2 78,784.04 0.31
NC 3 373,353.50 1.46
NH 1 85,000.00 0.33
NV 5 588,471.80 2.30
NY 1 167,153.76 0.65
OH 52 3,994,244.21 15.60
OK 1 51,891.71 0.20
OR 1 131,000.00 0.51
PA 3 218,475.82 0.85
SC 5 423,136.88 1.65
TN 4 578,594.86 2.26
TX 5 319,685.76 1.25
UT 3 341,132.11 1.33
VA 1 77,813.76 0.30
VT 1 52,203.52 0.20
WA 1 131,448.87 0.51
WI 4 253,393.36 0.99
WV 1 45,793.12 0.18
- --------------------------------------------------------------------------
Total............... 275 $ 25,597,378.81 100.00%
==========================================================================
</TABLE>
LIEN SUMMARY
<TABLE>
<CAPTION>
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Loans Balance Balance
<S> <C> <C> <C>
1 275 25,597,378.81 100.00
- --------------------------------------------------------------------------
Total............... 275 $ 25,597,378.81 100.00%
==========================================================================
</TABLE>
THIS COLLATERAL TERMSHEET SUPERSEDES ANY PREVIOUS COLLATERAL
TERMSHEETS, AND WILL BE SUPERSEDED BY THE COLLATERAL INFORMATION IN THE
PROSPECTUS SUPPLEMENT.
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE
SUCH A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES
INCORPORATED FINANCIAL ADVISOR IMMEDIATELY.
<PAGE> 30
LOAN SUMMARY STRATIFIED BY AMORTIZATION
<TABLE>
<CAPTION>
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
AMORTIZATION Loans Balance Balance
<S> <C> <C> <C>
Fully Amortizing 119 10,302,417.49 40.25
Partially Amortizing 156 15,294,961.32 59.75
- --------------------------------------------------------------------------
Total.................. 275 $ 25,597,378.81 100.00%
==========================================================================
</TABLE>
PROPERTY TYPE
<TABLE>
<CAPTION>
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Property Type Loans Balance Balance
<S> <C> <C> <C>
Single Family Residence 264 24,363,491.94 95.18
2 to 4 Family Residence 8 862,055.07 3.37
Condo 2 204,678.04 0.80
Townhouse 1 167,153.76 0.65
- --------------------------------------------------------------------------
Total............... 275 $ 25,597,378.81 100.00%
==========================================================================
</TABLE>
THIS COLLATERAL TERMSHEET SUPERSEDES ANY PREVIOUS COLLATERAL
TERMSHEETS, AND WILL BE SUPERSEDED BY THE COLLATERAL INFORMATION IN THE
PROSPECTUS SUPPLEMENT.
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE
SUCH A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES
INCORPORATED FINANCIAL ADVISOR IMMEDIATELY.
<PAGE> 31
PRELIMINARY
BACKGROUND INFORMATION
EquiCredit Funding TRUST 1997-B
EquiCredit Funding Asset Backed Certificates, Series 1997-B
APPROXIMATE CLASS SIZES
$28,390,000 Class A-1 FIXED RATE CERTIFICATES
$18,290,000 Class A-2 FIXED RATE CERTIFICATES
$31,700,000 Class A-3 FIXED RATE CERTIFICATES
$17,270,000 Class A-4 FIXED RATE CERTIFICATES
$24,800,000 Class A-5 FIXED RATE CERTIFICATES
$12,750,000 Class A-6 FIXED RATE CERTIFICATES
$14,800,000 Class A-7 FIXED RATE CERTIFICATES
Non-Accelerated Senior
$27,000,000 Class A-8 ADJUSTABLE RATE CERTIFICATES
The information included herein is provided solely by Prudential Securities
Incorporated ("PSI") as underwriter for the EquiCredit 1997-B transaction, and
not by or as agent for EQCC Receivables Corporation or EQCC Asset Backed
Corporation or any of its affiliates (collectively, the "Depositor"). The
Depositor has not prepared, reviewed or participated in the preparation hereof,
is not responsible for the accuracy hereof and has not authorized the
dissemination hereof. The analysis in this report is accurate to the best of
PSI's knowledge and is based on information provided by the Depositor. PSI makes
no representations as to the accuracy of such information provided by the
Depositor. All opinions and conclusions in this report reflect PSI's judgment as
of this date and are subject to change. All analyses are based on certain
assumptions noted herein and different assumptions could yield substantially
different results. You are cautioned that there is no universally accepted
method for analyzing financial instruments. You should review the assumptions;
there may be differences between these assumptions and your actual business
practices. Further, PSI does not guarantee any results and there is no guarantee
as to the liquidity of the instruments involved in this analysis. The decision
to adopt any strategy remains your responsibility. PSI (or any of its
affiliates) or their officers, directors, analysts or employees may have
positions in securities, commodities or derivative instruments thereon referred
to herein, and may, as principal or agent, buy or sell such securities,
commodities or derivative instruments. In addition, PSI may make a market in the
securities referred to herein. Neither the information nor the opinions
expressed shall be construed to be, or constitute, an offer to sell or buy or a
solicitation of an offer to sell or buy any securities, commodities or
derivative instruments mentioned herein. Finally, PSI has not addressed the
legal, accounting and tax implications of the analysis with respect to you and
PSI strongly urges you to seek advice from your counsel, accountant and tax
advisor.
<PAGE> 32
EquiCredit Funding Trust 1997-B -
EquiCredit Funding Asset Backed Certificates, Series 1997-B
PRICING INFORMATION
----------------------------------
FIXED RATE GROUP
<TABLE>
<CAPTION>
Class: A-1 A-2 A-3 A-4 A-5 A-6 A-7
NAS Bond
<S> <C> <C> <C> <C> <C> <C> <C>
Approximate
Face Amount: 28,390,000 18,290,000 31,700,000 17,270,000 24,800,000 12,750,000 14,800,000
Coupon: [ ] [ ] [ ] [ ] [ ] [ ] [ ]
Price: [ ] [ ] [ ] [ ] [ ] [ ] [ ]
Yield: [ ] [ ] [ ] [ ] [ ] [ ] [ ]
Spread: [ ] [ ] [ ] [ ] [ ] [ ] [ ]
Exp Avg Life
to Maturity: [.50] yrs [1.15] yrs [2.00] yrs [3.10] yrs [4.80] yrs [9.85] yrs [6.26] yrs
Exp Avg Life
to Call: [.50] yrs [1.15] yrs [2.00] yrs [3.10] yrs [4.80] yrs [7.04] yrs [5.94] yrs
Exp 1st
Prin Pmt: [10/15/97] [08/15/98] [03/15/99] [05/15/00] [05/15/01] [04/15/04] [10/15/00]
Exp Mat
to call: [08/15/98] [03/15/99] [05/15/00] [05/15/01] [04/15/04] [11/15/04] [11/15/04]
Exp Mat: [08/15/98] [03/15/99] [05/15/00] [05/15/01] [04/15/04] [06/15/27] [05/15/12]
Stated Mat: [xx/15/xx] [xx/15/xx] [xx/15/xx] [xx/15/xx] [xx/15/xx] [xx/15/xx] [xx/15/xx]
Exp Rating
(S&P/Moody's): [AAA/Aaa] [AAA/Aaa] [AAA/Aaa] [AAA/Aaa] [AAA/Aaa] [AAA/Aaa] [AAA/Aaa]
Pricing Spd: [25]% HEP [25]% HEP [25] % HEP [25] % HEP [25] % HEP [25] % HEP [25] % HEP
Pricing Date: [ ] [ ] [ ] [ ] [ ] [ ] [ ]
Investor
Settle Date: [9/29/97] [9/29/97] [9/29/97] [9/29/97] [9/29/97] [9/29/97] [9/29/97]
Pmt Delay: [0 days] [0 days] [0 days] [0 days] [0 days] [0 days] [0 days]
Cut-off Date: [9/1/97] [9/1/97] [9/1/97] [9/1/97] [9/1/97] [9/1/97] [9/1/97]
Dated Date: [9/15/97] [9/15/97] [9/15/97] [9/15/97] [9/15/97] [9/15/97] [9/15/97]
Int Pmt: 30/360 30/360 30/360 30/360 30/360 30/360 30/360
Pmt Terms: Monthly Monthly Monthly Monthly Monthly Monthly Monthly
1st Int.
Pmt Date: 10/15/97 10/15/97 10/15/97 10/15/97 10/15/97 10/15/97 10/15/97
Collateral
Type: Fixed Rate Fixed Rate Fixed Rate Fixed Rate Fixed Rate Fixed Rate Fixed Rate
SMMEA
Eligibility: non-SMMEA non-SMMEA non-SMMEA non-SMMEA non-SMMEA non-SMMEA non-SMMEA
</TABLE>
THIS COLLATERAL TERMSHEET SUPERSEDES ANY PREVIOUS COLLATERAL
TERMSHEETS, AND WILL BE SUPERSEDED BY THE COLLATERAL INFORMATION IN THE
PROSPECTUS SUPPLEMENT.
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE
SUCH A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES
INCORPORATED FINANCIAL ADVISOR IMMEDIATELY.
<PAGE> 33
EquiCredit Funding Trust 1997-B -
EquiCredit Funding Asset Backed Certificates, Series 1997-B
Fixed Rate Certificates
Net Funds Cap: Interest shall accrue on each Class
of Class A Certificates at the related Pass-
Through Rate; provided that the Class A-6
Pass-Through Rate shall equal the lower of (i)
[x.xx]% per annum and (ii) the WAC of the
Mortgage Loans in the Fixed Rate Group less the
Servicing Fee Rate ([60]bps per annum) and the
rate at which the Monthly Premium to the Insurer
accrues([ ]bps per annum).
Fixed Rate Certificates
Principal Paydown: 1) To the Class A-7 Certificateholders -- the
Class A-7 Lockout Remittance Amount
2) To the Class A-1 through A-7 Certificates,
in sequential order
Class A-7 Lockout
Remittance Amount: The applicable Class A-7 Lockout Percentage
multiplied by the Class A-7 Lockout Pro Rata
Remittance Amount for such Payment Date.
THE CLASS A-7 Lockout PERCENTAGE
October 1997 to September 2000 ==> 0%
October 2000 to September 2002 ==> 45%
October 2002 to September 2003 ==> 80%
October 2003 to September 2004 ==> 100%
October 2004 and thereafter ==> 300%
THIS COLLATERAL TERMSHEET SUPERSEDES ANY PREVIOUS COLLATERAL
TERMSHEETS, AND WILL BE SUPERSEDED BY THE COLLATERAL INFORMATION IN THE
PROSPECTUS SUPPLEMENT.
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE
SUCH A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES
INCORPORATED FINANCIAL ADVISOR IMMEDIATELY.
<PAGE> 34
EquiCredit Funding Trust 1997-B -
EquiCredit Funding Asset Backed Certificates, Series 1997-B
PRICING INFORMATION (CONT.)
---------------------------------------
ADJUSTABLE RATE GROUP
<TABLE>
<CAPTION>
Class: A-8
<S> <C>
Approximate
Face Amount: $27,000,000
Coupon: Prior to the Cleanup Call, the least of:
1) 1M LIBOR + [ ] bps
2) Class A-8 Net Funds Cap (described below)
After the Cleanup Call, the least of:
1) 1M LIBOR + 2 x [ ] bps
2) Class A-8 Net Funds Cap
Price: [100-0]
Yield: Variable
Spread: [ ]bps
Index: 1 Month LIBOR
Disc. Margin: [ ]bps
Exp Avg Life
to Call: [2.81] yrs
Exp Avg Life
to Maturity: [2.95] yrs
Exp. 1st Prin Payment: [10/15/97]
Exp Mat to Call: [11/15/04]
Exp Mat: [03/15/27]
Stated Mat: [xx/15/xx]
Exp Rating
(S&P/Moody's): [AAA/Aaa]
Pricing Spd: [27] % CPR
Pricing Date: [ ]
Investor
Settle Date: [9/29/97]
Pymt Delay: 0 days
Cut-off Date: 9/1/97
Dated Date: [9/29/97]
Int Pymt: actual/360
Pymt Terms: Monthly
1st Int. Pymt Date: 10/15/97
Principal Paydown: All Class A-8 principal is passed through to Class A-8.
Collateral Type: Adjustable Rate
SMMEA
Eligibility: [SMMEA Eligible]
- ----------------------------------------------------------------------------------------------
</TABLE>
Class A-8
Net Funds Cap: WAC for the Mortgage Loans less
(i) 0.73% per annum, for the first [twelve] Accrual
Periods; or,
(ii) 1.23% per annum, with respect to each
subsequent Accrual Period.
THIS COLLATERAL TERMSHEET SUPERSEDES ANY PREVIOUS COLLATERAL
TERMSHEETS, AND WILL BE SUPERSEDED BY THE COLLATERAL INFORMATION IN THE
PROSPECTUS SUPPLEMENT.
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE
SUCH A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES
INCORPORATED FINANCIAL ADVISOR IMMEDIATELY
<PAGE> 35
EquiCredit Funding Trust 1997-B -
EquiCredit Funding Asset Backed Certificates, Series 1997-B
SUMMARY OF TERMS
--------------------------
<TABLE>
<S> <C>
Title of Securities: EquiCredit Funding Trust 1997-B
EquiCredit Funding Asset Backed Certificates, Series 1997-B
Class A-1, A-2, A-3, A-4, A-5, A-6, A-7 ("Fixed-Rate Certificates")
Class A-8 ("Adjustable Rate Certificates")
Depositor: EQCC Receivables Corporation
EQCC Asset Backed Corporation
Servicer: EquiCredit Corporation of America.
Originators: The Mortgage Loans have not been originated directly by the
Originators, but have been purchased and re-underwritten
by the Originators as described in the Prospectus. .
Trustee: [First Bank National Association]
Aggregate
Certificate Balance: Fixed Rate Certificates (non-SMMEA) [$ 148,000,000]
Adjustable Rate Certificates (SMMEA) [$ 27,000,000]
Securities Offered: 100% [AMBAC]-guaranteed, pass-through certificates.*****************
Offering: Public shelf offering -- a prospectus and prospectus supplement
will be distributed after pricing.
Pricing Date: [9/12/97]
Investor
Settlement Date: [9/29/97]
Form of Certificates: Book-Entry form, same-day funds through DTC, Euroclear and CEDEL
Pass-Through Rate: [ ]% on Class A-1 Certificates
[ ]% on Class A-2 Certificates
[ ]% on Class A-3 Certificates
[ ]% on Class A-4 Certificates
[ ]% on Class A-5 Certificates
[ ]% on Class A-6 Certificates
[ ]% on Class A-7 Certificates
1-Month LIBOR + [ ]bps on Class A-8 Certificates *
* Subject to the Class A-8 Net Funds Cap.
Prepayment
Assumption: For the Fixed Rate Certificates, [25]% HEP ([2.5]% CPR in month 1
with monthly incremental increases of [2.5]% CPR until the speed
reaches [25]% CPR in month 10 based on loan seasoning). This means
that seasoned loans will start further up on the prepayment curve.
For the Adjustable Rate Certificates, [27]% CPR
Payment Date: The 15th day of each month (or, if any such date is not a
business day, the first business day thereafter) commencing in
October 1997. The payment delay will be zero days for the Fixed Rate
Certificates and zero days for the Adjustable Rate Certificates.
Interest Accrual
Period: Interest on the Fixed Rate Certificates will accrue from the
fifteenth calendar day of each month, commencing September 15, 1997
(whether or not such day is a Business Day) to, but excluding, the
fifteenth calendar day of the next succeeding month (whether or not
such day is a Business Day).
Interest on the Adjustable Rate Certificates will accrue from and
including the Closing Date, in the case of the initial Payment Date,
or from and including the most recent Payment Date on which interest
has been paid, to but excluding the next succeeding Payment Date.
Optional
Cleanup Call: The Servicer may call the Certificates on any Remittance Date
when the then-outstanding collateral balance is less than or equal
to 10% of the original collateral balance.
Class A-8
Coupon Step-Up: If the Servicer does not exercise its option to call the
Class A-8 Certificates at the 10% cleanup call date, then the coupon
on the Class A-8 Certificates shall be raised to LIBOR + 2 x [ ]bps
subject to the Class A-8 Net Funds Cap.
</TABLE>
THIS COLLATERAL TERMSHEET SUPERSEDES ANY PREVIOUS COLLATERAL
TERMSHEETS, AND WILL BE SUPERSEDED BY THE COLLATERAL INFORMATION IN THE
PROSPECTUS SUPPLEMENT.
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE
SUCH A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES
INCORPORATED FINANCIAL ADVISOR IMMEDIATELY.
<PAGE> 36
EquiCredit Funding Trust 1997-B -
EquiCredit Funding Asset Backed Certificates, Series 1997-B
<TABLE>
<S> <C>
Pre-Funding Account: On the closing date, approximately [$xx,000,000] and [$xx,000,000] will be deposited in
pre-funding accounts for the purchase of additional fixed- and adjustable-rate mortgage loans,
respectively. From the closing date until December 15, 1997, the Trust intends to purchase
mortgage loans up to the entire pre-funding amounts. Funds remaining in either of the pre-funding
accounts that total less than $100,000 after this period will be distributed to investors
in the related Class A-1 and Class A-8 Certificates as prepayments on December 15, 1997.
If the funds remaining in either of the pre-funding accounts total greater than $100,000
after this period, the funds will be distributed on a pro-rata basis to the investors in the
related Class A-1 through A-7 Certificates in the case of the fixed-rate prefunding account
and to the investors in the Class A-8 Certificates in the case of the adjustable-rate prefunding
account as a prepayment on December 15, 1997. The additional mortgage loans will be subject to
certain aggregate group characteristics that will be more fully described in the Prospectus
Supplement.
Certificate Insurer: [AMBAC Indemnity Corporation] ["AMBAC"].
[AMBAC]'s claims-paying ability is rated "AAA" by Standard & Poor's,
"Aaa" by Moody's Investors Service and "AAA" by Fitch Investors Service, Inc.
Certificate Insurance
Policy: The Certificate Insurance Policy will provide 100% coverage of timely interest and ultimate
principal payments due on the Certificates.
Spread Account: A Spread Account will be available to cover losses prior to any draw on the Certificate
Insurance Policy. The initial deposit and maintenance levels of the spread account will be sized
by the surety provider.
Servicing Fee: [60] basis points per annum for the Fixed Rate Group.
[73] basis points per annum for the Adjustable Rate Group.
ERISA Considerations: ***[It is believed that the Certificates [will be]***** ERISA eligible . However,
investors should consult with their counsel with respect to the consequences under ERISA and the
Internal Revenue Code of the Plan's acquisition and ownership of such Certificates.]
Taxation: REMIC.
Legal Investment: None of the Fixed Rate Certificates will be SMMEA-eligible.
The Floating Rate Certificates will be SMMEA-eligible.
Certificates Ratings: "AAA" by S&P and "Aaa" by Moody's for the Fixed Rate Certificates and the Adjustable Rate
Certificates.
Prospectus: The Certificates are being offered pursuant to a Prospectus which includes a Prospectus
Supplement (together, the "Prospectus"). Complete information with respect to the Certificates
and the Collateral is contained in the Prospectus. The foregoing is qualified in its entirety by
the information appearing in the Prospectus. To the extent that the foregoing is inconsistent
with the Prospectus, the Prospectus shall govern in all respects. Sales of the Certificates may
not be consummated unless the purchaser has received the Prospectus.
Further Information: Trading: Greg Richter or Rob Karr at (212) 778-2741,
Banking: Mary Alice Kohs (212) 778-1492 or Shelby Carvalho at (212) 778-4127.
FSG: John Mawe at (212) 778-1166 or Mike Corddry at (212) 778-2840.
COPIES OF PROSPECTUS: PLEASE SEND AN E-MAIL WITH CLIENT'S NAME ADDRESS AND PHONE
NUMBER TO SHELBY CARVALHO AT:
IMPACT ID: CARVALHO
CCMAIL: [email protected]
</TABLE>
THIS COLLATERAL TERMSHEET SUPERSEDES ANY PREVIOUS COLLATERAL
TERMSHEETS, AND WILL BE SUPERSEDED BY THE COLLATERAL INFORMATION IN THE
PROSPECTUS SUPPLEMENT.
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE
SUCH A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES
INCORPORATED FINANCIAL ADVISOR IMMEDIATELY.
<PAGE> 37
Deal ID/CUSIP EQCCF7B Coupon N/A
Class A1 SEQ Accr 0.22750 1st Pmt 10/15/97
Collateral 100%WL (Real) Factor on / /
N/GWAC (Orig) / (10.414/11.034) LIBOR-1M 5.65625
WAM (Orig) (23.333) Mat N/A Settle 09/29/97
<TABLE>
<CAPTION>
FIX HEP 25.00 HEP 21.00 HEP 23.00 HEP 27.00 HEP 29.00 HEP 31.00 HEP 33.00
ARM CPR 27.00 CPR 27.00 CPR 27.00 CPR 27.00 CPR 27.00 CPR 27.00 CPR 27.00
--- --------- --------- --------- --------- --------- --------- ---------
<S> <C> <C> <C> <C> <C> <C> <C>
99-28+ 6.150 6.123 6.137 6.164 6.176 6.189 6.201
99-29 6.117 6.094 6.106 6.129 6.140 6.151 6.161
99-29+ 6.085 6.065 6.075 6.094 6.103 6.112 6.121
99-30 6.052 6.036 6.044 6.060 6.067 6.074 6.081
99-30+ 6.019 6.008 6.013 6.025 6.030 6.036 6.041
99-31 5.987 5.979 5.983 5.990 5.994 5.998 6.001
99-31+ 5.954 5.950 5.952 5.956 5.957 5.959 5.961
100-00 5.921 5.921 5.921 5.921 5.921 5.921 5.921
100-00+ 5.888 5.892 5.890 5.887 5.885 5.883 5.881
100-01 5.856 5.864 5.860 5.852 5.848 5.845 5.841
100-01+ 5.823 5.835 5.829 5.817 5.812 5.806 5.801
100-02 5.791 5.806 5.798 5.783 5.776 5.768 5.761
100-02+ 5.758 5.777 5.768 5.748 5.739 5.730 5.722
100-03 5.725 5.749 5.737 5.714 5.703 5.692 5.682
100-03+ 5.693 5.720 5.706 5.679 5.667 5.654 5.642
Avg. Life 0.500 0.569 0.532 0.471 0.448 0.426 0.408
Mod. Dur. 0.477 0.541 0.507 0.450 0.429 0.408 0.390
1st Pmt. 0.044 0.044 0.044 0.044 0.044 0.044 0.044
Last Pmt. 0.878 1.044 0.961 0.794 0.794 0.711 0.711
</TABLE>
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE
SUCH A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES
INCORPORATED FINANCIAL ADVISOR IMMEDIATELY.
THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL
TERMSHEETS, AND WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION IN THE
PROSPECTUS SUPPLEMENT.
<PAGE> 38
Deal ID/CUSIP EQCCF7B Coupon N/A
Class A2 CUR Accr 0.24111 1st Pmt 10/15/97
Collateral 100%WL (Real) Factor on / /
N/GWAC (Orig) / (10.414/11.034) LIBOR-1M 5.65625
WAM (Orig) (23.333) Mat N/A Settle 09/29/97
CenterPrice 100-00 Inc 0.5 Table Yield Roll@
<TABLE>
<CAPTION>
FIX HEP 25.00 HEP 21.00 HEP 23.00 HEP 27.00 HEP 29.00 HEP 31.00 HEP 33.00
ARM CPR 27.00 CPR 27.00 CPR 27.00 CPR 27.00 CPR 27.00 CPR 27.00 CPR 27.00
----- --------- --------- --------- --------- --------- --------- ---------
<S> <C> <C> <C> <C> <C> <C> <C>
99-28+ 6.382 6.368 6.375 6.389 6.396 6.402 6.409
99-29 6.367 6.355 6.361 6.373 6.379 6.385 6.391
99-29+ 6.353 6.343 6.348 6.358 6.363 6.367 6.372
99-30 6.338 6.330 6.334 6.342 6.346 6.350 6.354
99-30+ 6.324 6.318 6.321 6.327 6.330 6.333 6.335
99-31 6.309 6.305 6.307 6.311 6.313 6.315 6.317
99-31+ 6.295 6.293 6.294 6.296 6.297 6.298 6.299
100-00 6.280 6.280 6.280 6.280 6.280 6.280 6.280
100-00+ 6.266 6.268 6.267 6.265 6.264 6.263 6.262
100-01 6.251 6.255 6.253 6.249 6.247 6.245 6.244
100-01+ 6.237 6.243 6.240 6.234 6.231 6.228 6.225
100-02 6.222 6.230 6.226 6.219 6.214 6.211 6.207
100-02+ 6.208 6.218 6.213 6.203 6.198 6.193 6.188
100-03 6.193 6.205 6.199 6.188 6.182 6.176 6.170
100-03+ 6.179 6.193 6.186 6.172 6.165 6.158 6.152
Avg. Life 1.150 1.342 1.239 1.075 1.008 0.951 0.900
Mod. Dur. 1.076 1.248 1.156 1.008 0.947 0.895 0.848
1st Pmt. 0.878 1.044 0.961 0.794 0.794 0.711 0.711
Last Pmt. 1.461 1.711 1.544 1.294 1.211 1.211 1.128
</TABLE>
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE
SUCH A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES
INCORPORATED FINANCIAL ADVISOR IMMEDIATELY.
THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL
TERMSHEETS, AND WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION IN THE
PROSPECTUS SUPPLEMENT.
<PAGE> 39
Deal ID/CUSIP EQCCF7B Coupon N/A
Class A3 CUR Accr 0.24792 1st Pmt 10/15/97
Collateral 100%WL (Real) Factor on / /
N/GWAC (Orig) / (10.414/11.034) LIBOR-1M 5.65625
WAM (Orig) (23.333) Mat N/A Settle 09/29/97
CenterPrice 100-00 Inc 0.5 Table Yield Roll@
<TABLE>
<CAPTION>
FIX HEP 25.00 HEP 21.00 HEP 23.00 HEP 27.00 HEP 29.00 HEP 31.00 HEP 33.00
ARM CPR 27.00 CPR 27.00 CPR 27.00 CPR 27.00 CPR 27.00 CPR 27.00 CPR 27.00
----- --------- --------- --------- --------- --------- --------- ---------
<S> <C> <C> <C> <C> <C> <C> <C>
99-28+ 6.520 6.512 6.516 6.525 6.529 6.533 6.538
99-29 6.512 6.504 6.508 6.515 6.519 6.523 6.527
99-29+ 6.503 6.497 6.500 6.506 6.509 6.512 6.516
99-30 6.494 6.490 6.492 6.497 6.499 6.502 6.504
99-30+ 6.486 6.482 6.484 6.488 6.490 6.491 6.493
99-31 6.477 6.475 6.476 6.478 6.480 6.481 6.482
99-31+ 6.469 6.467 6.468 6.469 6.470 6.470 6.471
100-00 6.460 6.460 6.460 6.460 6.460 6.460 6.460
100-00+ 6.451 6.453 6.452 6.451 6.450 6.450 6.449
100-01 6.443 6.445 6.444 6.442 6.440 6.439 6.438
100-01+ 6.434 6.438 6.436 6.432 6.431 6.429 6.427
100-02 6.426 6.431 6.428 6.423 6.421 6.418 6.416
100-02+ 6.417 6.423 6.420 6.414 6.411 6.408 6.405
100-03 6.409 6.416 6.412 6.405 6.401 6.397 6.393
100-03+ 6.400 6.409 6.404 6.396 6.391 6.387 6.382
Avg. Life 2.000 2.361 2.166 1.857 1.731 1.622 1.523
Mod. Dur. 1.816 2.120 1.957 1.694 1.586 1.491 1.404
1st Pmt. 1.461 1.711 1.544 1.294 1.211 1.211 1.128
Last Pmt. 2.628 3.128 2.878 2.461 2.294 2.128 1.961
</TABLE>
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE
SUCH A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES
INCORPORATED FINANCIAL ADVISOR IMMEDIATELY.
THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL
TERMSHEETS, AND WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION IN THE
PROSPECTUS SUPPLEMENT.
<PAGE> 40
Deal ID/CUSIP EQCCF7B Coupon N/A
Class A4 CUR Accr 0.25356 1st Pmt 10/15/97
Collateral 100%WL (Real) Factor on / /
N/GWAC (Orig) / (10.414/11.034) LIBOR-1M 5.65625
WAM (Orig) (23.333) Mat N/A Settle 09/29/97
CenterPrice 100-00 Inc 0.5 Table Yield Roll@
<TABLE>
<CAPTION>
FIX HEP 25.00 HEP 21.00 HEP 23.00 HEP 27.00 HEP 29.00 HEP 31.00 HEP 33.00
ARM CPR 27.00 CPR 27.00 CPR 27.00 CPR 27.00 CPR 27.00 CPR 27.00 CPR 27.00
----- --------- --------- --------- --------- --------- --------- ---------
<S> <C> <C> <C> <C> <C> <C> <C>
99-28+ 6.649 6.643 6.646 6.652 6.655 6.658 6.661
99-29 6.644 6.638 6.641 6.646 6.649 6.651 6.654
99-29+ 6.638 6.633 6.636 6.640 6.642 6.644 6.646
99-30 6.632 6.629 6.630 6.634 6.636 6.637 6.639
99-30+ 6.626 6.624 6.625 6.628 6.629 6.630 6.631
99-31 6.621 6.619 6.620 6.621 6.622 6.623 6.624
99-31+ 6.615 6.614 6.614 6.615 6.616 6.616 6.617
100-00 6.609 6.609 6.609 6.609 6.609 6.609 6.609
100-00+ 6.603 6.604 6.604 6.603 6.602 6.602 6.602
100-01 6.598 6.599 6.598 6.597 6.596 6.595 6.594
100-01+ 6.592 6.595 6.593 6.591 6.589 6.588 6.587
100-02 6.586 6.590 6.588 6.584 6.583 6.581 6.579
100-02+ 6.580 6.585 6.583 6.578 6.576 6.574 6.572
100-03 6.575 6.580 6.577 6.572 6.569 6.567 6.564
100-03+ 6.569 6.575 6.572 6.566 6.563 6.560 6.557
Avg. Life 3.100 3.729 3.388 2.857 2.652 2.475 2.319
Mod. Dur. 2.716 3.203 2.941 2.523 2.357 2.212 2.083
1st Pmt. 2.628 3.128 2.878 2.461 2.294 2.128 1.961
Last Pmt. 3.628 4.378 3.961 3.294 3.044 2.878 2.711
</TABLE>
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE
SUCH A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES
INCORPORATED FINANCIAL ADVISOR IMMEDIATELY.
THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL
TERMSHEETS, AND WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION IN THE
PROSPECTUS SUPPLEMENT.
<PAGE> 41
Deal ID/CUSIP EQCCF7B Coupon N/A
Class A5 CUR Accr 0.26639 1st Pmt 10/15/97
Collateral 100%WL (Real) Factor on / /
N/GWAC (Orig) / (10.414/11.034) LIBOR-1M 5.65625
WAM (Orig) (23.333) Mat N/A Settle 09/29/97
CenterPrice 100-00 Inc 0.5 Table Yield Roll@
<TABLE>
<CAPTION>
FIX HEP 25.00 HEP 21.00 HEP 23.00 HEP 27.00 HEP 29.00 HEP 31.00 HEP 33.00
ARM CPR 27.00 CPR 27.00 CPR 27.00 CPR 27.00 CPR 27.00 CPR 27.00 CPR 27.00
----- --------- --------- --------- --------- --------- --------- ---------
<S> <C> <C> <C> <C> <C> <C> <C>
99-28+ 6.976 6.972 6.974 6.978 6.981 6.983 6.985
99-29 6.972 6.969 6.970 6.974 6.976 6.978 6.980
99-29+ 6.968 6.965 6.967 6.970 6.971 6.973 6.975
99-30 6.964 6.962 6.963 6.965 6.967 6.968 6.969
99-30+ 6.960 6.958 6.959 6.961 6.962 6.963 6.964
99-31 6.956 6.955 6.956 6.957 6.958 6.958 6.959
99-31+ 6.952 6.952 6.952 6.953 6.953 6.953 6.954
100-00 6.948 6.948 6.948 6.948 6.948 6.948 6.948
100-00+ 6.944 6.945 6.945 6.944 6.944 6.943 6.943
100-01 6.940 6.942 6.941 6.940 6.939 6.939 6.938
100-01+ 6.937 6.938 6.937 6.936 6.935 6.934 6.933
100-02 6.933 6.935 6.934 6.931 6.930 6.929 6.927
100-02+ 6.929 6.932 6.930 6.927 6.925 6.924 6.922
100-03 6.925 6.928 6.926 6.923 6.921 6.919 6.917
100-03+ 6.921 6.925 6.923 6.919 6.916 6.914 6.911
Avg. Life 4.801 5.855 5.271 4.381 4.020 3.710 3.439
Mod. Dur. 3.941 4.640 4.261 3.647 3.388 3.159 2.956
1st Pmt. 3.628 4.378 3.961 3.294 3.044 2.878 2.711
Last Pmt. 6.544 8.461 6.961 5.878 5.378 4.878 4.544
</TABLE>
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE
SUCH A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES
INCORPORATED FINANCIAL ADVISOR IMMEDIATELY.
THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL
TERMSHEETS, AND WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION IN THE
PROSPECTUS SUPPLEMENT.
<PAGE> 42
Deal ID/CUSIP EQCCF7B Coupon N/A
Class A6 CUR Accr 0.28058 1st Pmt 10/15/97
Collateral 100%WL (Real) Factor on / /
N/GWAC (Orig) / (10.414/11.034) LIBOR-1M 5.65625
WAM (Orig) (23.333) Mat N/A Settle 09/29/97
CenterPrice 99-31+ Inc 0.5 Table Yield Roll@
******* TO MATURITY ******
<TABLE>
<CAPTION>
FIX HEP 25.00 HEP 21.00 HEP 23.00 HEP 27.00 HEP 29.00 HEP 31.00 HEP 33.00
ARM CPR 27.00 CPR 27.00 CPR 27.00 CPR 27.00 CPR 27.00 CPR 27.00 CPR 27.00
----- --------- --------- --------- --------- --------- --------- ---------
<S> <C> <C> <C> <C> <C> <C> <C>
99-28 7.343 7.341 7.342 7.344 7.346 7.347 7.349
99-28+ 7.341 7.339 7.340 7.342 7.343 7.344 7.346
99-29 7.338 7.337 7.337 7.339 7.340 7.341 7.343
99-29+ 7.336 7.335 7.335 7.337 7.338 7.339 7.340
99-30 7.334 7.333 7.333 7.334 7.335 7.336 7.337
99-30+ 7.331 7.330 7.331 7.332 7.332 7.333 7.334
99-31 7.329 7.328 7.329 7.329 7.330 7.330 7.330
99-31+ 7.327 7.326 7.326 7.327 7.327 7.327 7.327
100-00 7.324 7.324 7.324 7.324 7.324 7.324 7.324
100-00+ 7.322 7.322 7.322 7.322 7.322 7.321 7.321
100-01 7.320 7.320 7.320 7.319 7.319 7.319 7.318
100-01+ 7.317 7.318 7.318 7.317 7.316 7.316 7.315
100-02 7.315 7.316 7.316 7.314 7.314 7.313 7.312
100-02+ 7.313 7.314 7.313 7.312 7.311 7.310 7.309
100-03 7.310 7.312 7.311 7.309 7.308 7.307 7.306
Avg. Life 9.854 11.677 10.774 9.013 8.209 7.445 6.731
Mod. Dur. 6.687 7.523 7.125 6.268 5.847 5.427 5.021
1st Pmt. 6.544 8.461 6.961 5.878 5.378 4.878 4.544
Last Pmt. 29.711 29.711 29.711 29.711 29.711 29.711 29.711
</TABLE>
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE
SUCH A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES
INCORPORATED FINANCIAL ADVISOR IMMEDIATELY.
THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL
TERMSHEETS, AND WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION IN THE
PROSPECTUS SUPPLEMENT.
<PAGE> 43
Deal ID/CUSIP EQCCF7B Coupon N/A
Class A6 CUR Accr 0.28058 1st Pmt 10/15/97
Collateral 100%WL (Real) Factor on / /
N/GWAC (Orig) / (10.414/11.034) LIBOR-1M 5.65625
WAM (Orig) (23.333) Mat N/A Settle 09/29/97
CenterPrice 99-31+ Inc 0.5 Table Yield Roll@
******* TO CALL ******
<TABLE>
<CAPTION>
FIX HEP 25.00 HEP 21.00 HEP 23.00 HEP 27.00 HEP 29.00 HEP 31.00 HEP 33.00
ARM CPR 27.00 CPR 27.00 CPR 27.00 CPR 27.00 CPR 27.00 CPR 27.00 CPR 27.00
----- --------- --------- --------- --------- --------- --------- ---------
<S> <C> <C> <C> <C> <C> <C> <C>
99-28 7.348 7.346 7.347 7.349 7.350 7.351 7.353
99-28+ 7.345 7.343 7.344 7.346 7.347 7.348 7.349
99-29 7.342 7.340 7.341 7.343 7.343 7.345 7.346
99-29+ 7.339 7.338 7.338 7.340 7.340 7.341 7.342
99-30 7.336 7.335 7.335 7.337 7.337 7.338 7.339
99-30+ 7.333 7.332 7.333 7.333 7.334 7.334 7.335
99-31 7.330 7.330 7.330 7.330 7.331 7.331 7.331
99-31+ 7.327 7.327 7.327 7.327 7.327 7.328 7.328
100-00 7.324 7.324 7.324 7.324 7.324 7.324 7.324
100-00+ 7.321 7.322 7.321 7.321 7.321 7.321 7.321
100-01 7.318 7.319 7.319 7.318 7.318 7.317 7.317
100-01+ 7.315 7.316 7.316 7.315 7.315 7.314 7.313
100-02 7.313 7.314 7.313 7.312 7.311 7.311 7.310
100-02+ 7.310 7.311 7.310 7.309 7.308 7.307 7.306
100-03 7.307 7.308 7.307 7.306 7.305 7.304 7.303
Avg. Life 7.044 7.961 7.450 6.605 6.288 5.852 5.437
Mod. Dur. 5.332 5.848 5.564 5.071 4.877 4.603 4.336
1st Pmt. 6.544 7.961 6.961 5.878 5.378 4.878 4.544
Last Pmt. 11/15/04 09/15/05 03/15/05 06/15/04 04/15/04 12/15/03 08/15/03
</TABLE>
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE
SUCH A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES
INCORPORATED FINANCIAL ADVISOR IMMEDIATELY.
THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL
TERMSHEETS, AND WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION IN THE
PROSPECTUS SUPPLEMENT.
<PAGE> 44
Deal ID/CUSIP EQCCF7B Coupon N/A
Class A7 Accr 0.26483 1st Pmt 10/15/97
Collateral 100%WL (Real) Factor on / /
N/GWAC (Orig) / (10.414/11.034) LIBOR-1M 5.65625
WAM (Orig) (23.333) Mat N/A Settle 09/29/97
CenterPrice 100-00 Inc 0.5 Table Yield Roll@
******* TO MATURITY ******
<TABLE>
<CAPTION>
FIX HEP 25.00 HEP 21.00 HEP 23.00 HEP 27.00 HEP 29.00 HEP 31.00 HEP 33.00
ARM CPR 27.00 CPR 27.00 CPR 27.00 CPR 27.00 CPR 27.00 CPR 27.00 CPR 27.00
----- --------- --------- --------- --------- --------- --------- ---------
<S> <C> <C> <C> <C> <C> <C> <C>
99-28+ 6.930 6.929 6.929 6.930 6.930 6.931 6.931
99-29 6.927 6.926 6.926 6.927 6.927 6.927 6.927
99-29+ 6.923 6.923 6.923 6.924 6.924 6.924 6.924
99-30 6.920 6.920 6.920 6.920 6.920 6.921 6.921
99-30+ 6.917 6.917 6.917 6.917 6.917 6.917 6.917
99-31 6.914 6.913 6.914 6.914 6.914 6.914 6.914
99-31+ 6.910 6.910 6.910 6.911 6.911 6.911 6.911
100-00 6.907 6.907 6.907 6.907 6.907 6.907 6.907
100-00+ 6.904 6.904 6.904 6.904 6.904 6.904 6.904
100-01 6.901 6.901 6.901 6.901 6.901 6.901 6.901
100-01+ 6.898 6.898 6.898 6.898 6.897 6.897 6.897
100-02 6.894 6.895 6.895 6.894 6.894 6.894 6.894
100-02+ 6.891 6.892 6.892 6.891 6.891 6.891 6.890
100-03 6.888 6.889 6.888 6.888 6.888 6.887 6.887
100-03+ 6.885 6.886 6.885 6.885 6.884 6.884 6.884
Avg. Life 6.256 6.520 6.381 6.145 6.047 5.958 5.878
Mac. Dur. 5.033 5.199 5.112 4.962 4.897 4.839 4.785
1st Pmt. 3.044 3.044 3.044 3.044 3.044 3.044 3.044
Last Pmt. 14.628 14.628 14.628 14.628 14.628 14.628 14.628
</TABLE>
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE
SUCH A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES
INCORPORATED FINANCIAL ADVISOR IMMEDIATELY.
THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL
TERMSHEETS, AND WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION IN THE
PROSPECTUS SUPPLEMENT.
<PAGE> 45
Deal ID/CUSIP EQCCF7B Coupon N/A
Class A7 Accr 0.26483 1st Pmt 10/15/97
Collateral 100%WL (Real) Factor on / /
N/GWAC (Orig) / (10.414/11.034) LIBOR-1M 5.65625
WAM (Orig) (23.333) Mat N/A Settle 09/29/97
CenterPrice 100-00 Inc 0.5 Table Yield Roll@
******* TO CALL ******
<TABLE>
<CAPTION>
FIX HEP 25.00 HEP 21.00 HEP 23.00 HEP 27.00 HEP 29.00 HEP 31.00 HEP 33.00
ARM CPR 27.00 CPR 27.00 CPR 27.00 CPR 27.00 CPR 27.00 CPR 27.00 CPR 27.00
----- --------- --------- --------- --------- --------- --------- ---------
<S> <C> <C> <C> <C> <C> <C> <C>
99-28+ 6.931 6.929 6.930 6.931 6.932 6.932 6.933
99-29 6.927 6.926 6.927 6.928 6.928 6.929 6.930
99-29+ 6.924 6.923 6.924 6.924 6.925 6.925 6.926
99-30 6.921 6.920 6.920 6.921 6.921 6.922 6.922
99-30+ 6.917 6.917 6.917 6.918 6.918 6.918 6.918
99-31 6.914 6.914 6.914 6.914 6.914 6.914 6.915
99-31+ 6.911 6.910 6.911 6.911 6.911 6.911 6.911
100-00 6.907 6.907 6.907 6.907 6.907 6.907 6.907
100-00+ 6.904 6.904 6.904 6.904 6.904 6.904 6.904
100-01 6.901 6.901 6.901 6.900 6.900 6.900 6.900
100-01+ 6.897 6.898 6.898 6.897 6.897 6.896 6.896
100-02 6.894 6.895 6.894 6.894 6.893 6.893 6.892
100-02+ 6.891 6.891 6.891 6.890 6.890 6.889 6.889
100-03 6.887 6.888 6.888 6.887 6.886 6.886 6.885
100-03+ 6.884 6.885 6.885 6.883 6.883 6.882 6.881
Avg. Life 5.941 6.320 6.118 5.719 5.588 5.387 5.182
Mod. Dur. 4.688 4.920 4.797 4.550 4.466 4.337 4.203
1st Pmt. 3.044 3.044 3.044 3.044 3.044 3.044 3.044
Last Pmt. 11/15/04 09/15/05 03/15/05 06/15/04 04/15/04 12/15/03 08/15/03
</TABLE>
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE
SUCH A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES
INCORPORATED FINANCIAL ADVISOR IMMEDIATELY.
THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL
TERMSHEETS, AND WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION IN THE
PROSPECTUS SUPPLEMENT.
<PAGE> 46
Deal ID/CUSIP EQCCF7B
Class A8 FLT CUR LIBOR-1M+ TBA Accr 0.00000 1st Pmt 10/15/97
Collateral 100%WL (Real) Factor on / /
N/GWAC (Orig) / (10.414/11.034) LIBOR-1M 5.65625
WAM (Orig) (23.333) Mat N/A Settle 09/29/97
CenterPrice 100-00 Inc 0.5 Table DMrg Act/360 Roll@
***** TO CALL *****
<TABLE>
<CAPTION>
FIX HEP 25.00 HEP 25.00 HEP 25.00 HEP 25.00 HEP 25.00 HEP 25.00 HEP 25.00
ARM CPR 27.00 CPR 21.00 CPR 23.00 CPR 25.00 CPR 29.00 CPR 31.00 CPR 33.00
----- --------- --------- --------- --------- --------- --------- ---------
<S> <C> <C> <C> <C> <C> <C> <C>
99-28+ 22.389 21.629 21.868 22.129 22.660 22.942 23.226
99-29 21.762 21.110 21.315 21.539 21.994 22.235 22.479
99-29+ 21.134 20.592 20.762 20.949 21.328 21.529 21.732
99-30 20.507 20.073 20.210 20.359 20.662 20.823 20.985
99-30+ 19.880 19.555 19.657 19.769 19.996 20.117 20.239
99-31 19.253 19.036 19.105 19.179 19.331 19.411 19.492
99-31+ 18.627 18.518 18.552 18.589 18.665 18.705 18.746
100-00 18.000 18.000 18.000 18.000 18.000 18.000 18.000
100-00+ 17.374 17.482 17.448 17.411 17.335 17.295 17.254
100-01 16.747 16.964 16.896 16.822 16.670 16.590 16.509
100-01+ 16.122 16.447 16.344 16.233 16.006 15.885 15.763
100-02 15.496 15.929 15.793 15.644 15.341 15.180 15.018
100-02+ 14.870 15.412 15.241 15.055 14.677 14.476 14.273
100-03 14.245 14.895 14.690 14.467 14.013 13.772 13.529
100-03+ 13.619 14.377 14.139 13.879 13.349 13.068 12.784
Avg. Life 2.810 3.467 3.231 3.005 2.632 2.468 2.323
Mod. Dur. 2.400 2.902 2.722 2.551 2.260 2.131 2.015
1st Pmt. 0.044 0.044 0.044 0.044 0.044 0.044 0.044
Last Pmt. 11/15/04 03/15/05 02/15/05 12/15/04 10/15/04 09/15/04 09/15/04
</TABLE>
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE
SUCH A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES
INCORPORATED FINANCIAL ADVISOR IMMEDIATELY.
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TERMSHEETS, AND WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION IN THE
PROSPECTUS SUPPLEMENT.
<PAGE> 47
<TABLE>
<CAPTION>
- --------------------------------------------------------------------------------
- EQUICREDIT 1997-B
- Cut Off Date of Tape is 8/31/97
- FIXED RATE COLLATERAL
- $108,269,597.59
- --------------------------------------------------------------------------------
<S> <C>
Number of Mortgage Loans: 2,497
Lien Status: First and Second Lien Loans
Aggregate Unpaid Principal Balance: $108,269,597.59
Aggregate Original Principal Balance: $108,722,465.44
Weighted Average Gross Coupon: 11.275%
Gross Coupon Range: 7.750% - 17.480%
- --------------------------------------------------------------------------------
Average Unpaid Principal Balance: $43,359.87
Average Original Principal Balance: $43,541.24
Maximum Unpaid Principal Balance: $326,142.23
Minimum Unpaid Principal Balance: $4,125.26
Maximum Original Principal Balance: $326,250.00
Minimum Original Principal Balance: $5,000.00
Weighted Avg. Stated Rem. Term (PTD to Mat/Bln Date): 206.523
Stated Rem Term Range: 22.000 - 360.000
Weighted Average Age (First Pay thru Paid Thru Date): 2.846
Age Range: 0.000 - 92.000
Weighted Average Original Term (to Mat/Bln Date): 209.369
Original Term Range: 24.000 - 360.000
Weighted Average Original LTV (Home Equity Ratio): 62.876
Original LTV Range: 2.500% - 95.000%
Weighted Average Combined LTV: 77.511
Combined LTV Range: 10.000% - 99.000%
- --------------------------------------------------------------------------------
</TABLE>
THIS COLLATERAL TERMSHEET SUPERSEDES ANY PREVIOUS COLLATERAL
TERMSHEETS, AND WILL BE SUPERSEDED BY THE COLLATERAL INFORMATION IN THE
PROSPECTUS SUPPLEMENT.
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE
SUCH A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES
INCORPORATED FINANCIAL ADVISOR IMMEDIATELY.
<PAGE> 48
GROSS MORTGAGE INTEREST RATE RANGE
<TABLE>
<CAPTION>
Percentage of
Aggregate Cut-Off Date
Gross Mortgage Number of Unpaid Aggregate
Interest Rate Mortgage Principal Principal
Range Loans Balance Balance
<S> <C> <C> <C>
7.50% less than Gross Coupon less than or equal to 7.75% 1 35,562.11 0.03
7.75% less than Gross Coupon less than or equal to 8.00% 10 879,834.51 0.81
8.00% less than Gross Coupon less than or equal to 8.25% 2 101,044.36 0.09
8.25% less than Gross Coupon less than or equal to 8.50% 11 1,391,349.17 1.29
8.50% less than Gross Coupon less than or equal to 8.75% 17 936,770.20 0.87
8.75% less than Gross Coupon less than or equal to 9.00% 32 2,368,222.29 2.19
9.00% less than Gross Coupon less than or equal to 9.25% 37 2,375,520.30 2.19
9.25% less than Gross Coupon less than or equal to 9.50% 69 4,400,897.45 4.06
9.50% less than Gross Coupon less than or equal to 9.75% 74 4,162,578.81 3.84
9.75% less than Gross Coupon less than or equal to 10.00% 136 8,357,851.99 7.72
10.00% less than Gross Coupon less than or equal to 10.25% 73 4,317,303.73 3.99
10.25% less than Gross Coupon less than or equal to 10.50% 140 7,629,990.35 7.05
10.50% less than Gross Coupon less than or equal to 10.75% 117 6,059,129.35 5.60
10.75% less than Gross Coupon less than or equal to 11.00% 221 11,752,736.49 10.86
11.00% less than Gross Coupon less than or equal to 11.25% 149 6,386,242.16 5.90
11.25% less than Gross Coupon less than or equal to 11.50% 166 6,745,326.53 6.23
11.50% less than Gross Coupon less than or equal to 11.75% 128 5,822,713.34 5.38
11.75% less than Gross Coupon less than or equal to 12.00% 159 6,568,607.28 6.07
12.00% less than Gross Coupon less than or equal to 12.25% 104 3,458,691.51 3.19
12.25% less than Gross Coupon less than or equal to 12.50% 115 4,157,456.68 3.84
12.50% less than Gross Coupon less than or equal to 12.75% 85 2,903,558.13 2.68
12.75% less than Gross Coupon less than or equal to 13.00% 97 3,146,643.93 2.91
13.00% less than Gross Coupon less than or equal to 13.25% 65 2,107,793.52 1.95
13.25% less than Gross Coupon less than or equal to 13.50% 55 1,462,534.50 1.35
13.50% less than Gross Coupon less than or equal to 13.75% 72 1,805,712.12 1.67
13.75% less than Gross Coupon less than or equal to 14.00% 81 1,963,684.56 1.81
14.00% less than Gross Coupon less than or equal to 14.25% 47 1,349,447.68 1.25
14.25% less than Gross Coupon less than or equal to 14.50% 107 2,617,254.81 2.42
14.50% less than Gross Coupon less than or equal to 14.75% 45 1,178,135.69 1.09
14.75% less than Gross Coupon less than or equal to 15.00% 31 715,589.49 0.66
15.00% less than Gross Coupon less than or equal to 15.25% 12 283,754.80 0.26
15.25% less than Gross Coupon less than or equal to 15.50% 8 186,425.32 0.17
15.50% less than Gross Coupon less than or equal to 15.75% 10 208,492.86 0.19
15.75% less than Gross Coupon less than or equal to 16.00% 5 144,038.82 0.13
16.00% less than Gross Coupon less than or equal to 16.25% 3 80,460.32 0.07
16.25% less than Gross Coupon less than or equal to 16.50% 1 12,080.09 0.01
16.75% less than Gross Coupon less than or equal to 17.00% 10 155,612.75 0.14
17.25% less than Gross Coupon less than or equal to 17.50% 2 40,549.59 0.04
- --------------------------------------------------------------------------------------------------------
Total.......... 2497 $108,269,597.59 100.00%
========================================================================================================
</TABLE>
REMAINING MONTHS TO STATED MATURITY
<TABLE>
<CAPTION>
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Remaining Term Loans Balance Balance
<S> <C> <C> <C>
12 less than Rem Term less than or equal to 24 1 6,497.86 0.01%
36 less than Rem Term less than or equal to 48 1 4,125.26 0.00%
48 less than Rem Term less than or equal to 60 26 639,454.82 0.59%
60 less than Rem Term less than or equal to 72 4 81,901.90 0.08%
72 less than Rem Term less than or equal to 84 135 9,582,501.83 8.85%
84 less than Rem Term less than or equal to 96 7 134,902.73 0.12%
96 less than Rem Term less than or equal to 108 4 70,747.81 0.07%
108 less than Rem Term less than or equal to 120 201 5,677,964.08 5.24%
132 less than Rem Term less than or equal to 144 2 24,227.00 0.02%
144 less than Rem Term less than or equal to 156 3 70,769.73 0.07%
156 less than Rem Term less than or equal to 168 37 1,461,896.20 1.35%
168 less than Rem Term less than or equal to 180 1,581 59,654,465.78 55.10%
216 less than Rem Term less than or equal to 228 6 274,312.26 0.25%
228 less than Rem Term less than or equal to 240 161 7,923,707.62 7.32%
336 less than Rem Term less than or equal to 348 3 292,261.68 0.27%
348 less than Rem Term less than or equal to 360 325 22,369,861.03 20.66%
- ----------------------------------------------------------------------------------------------
Total............ 2,497 108,269,597.59 100.00%
==============================================================================================
</TABLE>
THIS COLLATERAL TERMSHEET SUPERSEDES ANY PREVIOUS COLLATERAL
TERMSHEETS, AND WILL BE SUPERSEDED BY THE COLLATERAL INFORMATION IN THE
PROSPECTUS SUPPLEMENT.
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE
SUCH A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES
INCORPORATED FINANCIAL ADVISOR IMMEDIATELY.
<PAGE> 49
AGE OF LOAN
<TABLE>
<CAPTION>
PercentAge of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Age Loans Balance Balance
<S> <C> <C> <C>
Age = 0 221 9,313,972.91 8.60%
0 less than Age less than or equal to 12 2,228 97,186,787.60 89.76%
12 less than Age less than or equal to 24 45 1,690,870.73 1.56%
24 less than Age less than or equal to 36 2 45,325.35 0.04%
84 less than Age less than or equal to 96 1 32,641.00 0.03%
- ----------------------------------------------------------------------------------------------
Total............ 2,497 108,269,597.59 100.00%
==============================================================================================
</TABLE>
ORIGINAL LOAN-TO-VALUE RATIOS (HOME EQUITY RATIOS)
<TABLE>
<CAPTION>
Percentage of
Aggregate Cut-Off Date
Original Number of Unpaid Aggregate
Loan-To-Value Mortgage Principal Principal
Ratio Loans Balance Balance
<S> <C> <C> <C>
0.000 less than LTV less than or equal to 5.000 2 35,845.90 0.03
5.000 less than LTV less than or equal to 10.000 65 891,807.32 0.82
10.000 less than LTV less than or equal to 15.000 190 3,418,752.28 3.16
15.000 less than LTV less than or equal to 20.000 282 5,747,893.15 5.31
20.000 less than LTV less than or equal to 25.000 226 5,473,368.61 5.06
25.000 less than LTV less than or equal to 30.000 138 4,089,746.09 3.78
30.000 less than LTV less than or equal to 35.000 114 3,748,080.19 3.46
35.000 less than LTV less than or equal to 40.000 71 2,415,041.34 2.23
40.000 less than LTV less than or equal to 45.000 60 2,328,874.93 2.15
45.000 less than LTV less than or equal to 50.000 64 2,254,934.69 2.08
50.000 less than LTV less than or equal to 55.000 58 2,621,696.25 2.42
55.000 less than LTV less than or equal to 60.000 67 2,995,298.04 2.77
60.000 less than LTV less than or equal to 65.000 105 5,197,011.10 4.80
65.000 less than LTV less than or equal to 70.000 163 8,174,689.42 7.55
70.000 less than LTV less than or equal to 75.000 214 12,434,862.91 11.49
75.000 less than LTV less than or equal to 80.000 365 21,943,738.35 20.27
80.000 less than LTV less than or equal to 85.000 218 15,947,679.81 14.73
85.000 less than LTV less than or equal to 90.000 79 7,153,114.18 6.61
90.000 less than LTV less than or equal to 95.000 16 1,397,163.03 1.29
- ------------------------------------------------------------------------------------------------
Total.................... 2497 $108,269,597.59 100.00%
================================================================================================
</TABLE>
THIS COLLATERAL TERMSHEET SUPERSEDES ANY PREVIOUS COLLATERAL
TERMSHEETS, AND WILL BE SUPERSEDED BY THE COLLATERAL INFORMATION IN THE
PROSPECTUS SUPPLEMENT.
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE
SUCH A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES
INCORPORATED FINANCIAL ADVISOR IMMEDIATELY.
<PAGE> 50
ORIGINAL COMBINED LOAN-TO-VALUE RATIOS
<TABLE>
<CAPTION>
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Original CLTV Ratio Loans Balance Balance
<S> <C> <C> <C>
5.000 less than CLTV less than or equal to 10.000 1 11,374.12 0.01
10.000 less than CLTV less than or equal to 15.000 3 52,332.79 0.05
15.000 less than CLTV less than or equal to 20.000 12 195,464.42 0.18
20.000 less than CLTV less than or equal to 25.000 10 265,924.16 0.25
25.000 less than CLTV less than or equal to 30.000 15 335,145.21 0.31
30.000 less than CLTV less than or equal to 35.000 23 773,957.38 0.71
35.000 less than CLTV less than or equal to 40.000 17 479,329.82 0.44
40.000 less than CLTV less than or equal to 45.000 33 1,186,311.09 1.10
45.000 less than CLTV less than or equal to 50.000 50 1,768,049.84 1.63
50.000 less than CLTV less than or equal to 55.000 58 2,523,946.33 2.33
55.000 less than CLTV less than or equal to 60.000 81 3,385,162.58 3.13
60.000 less than CLTV less than or equal to 65.000 116 5,388,130.53 4.98
65.000 less than CLTV less than or equal to 70.000 202 9,335,744.05 8.62
70.000 less than CLTV less than or equal to 75.000 271 13,989,454.18 12.92
75.000 less than CLTV less than or equal to 80.000 510 25,637,071.75 23.68
80.000 less than CLTV less than or equal to 85.000 445 21,750,627.67 20.09
85.000 less than CLTV less than or equal to 90.000 266 11,830,026.76 10.93
90.000 less than CLTV less than or equal to 95.000 93 3,137,165.67 2.90
95.000 less than CLTV less than or equal to 100.000 291 6,224,379.24 5.75
- ----------------------------------------------------------------------------------------------------
Total.................... 2,497 $108,269,597.59 100.00%
====================================================================================================
</TABLE>
CURRENT MORTGAGE LOAN AMOUNTS
<TABLE>
<CAPTION>
Percentage of
Aggregate Cut-Off Date
Current Number of Unpaid Aggregate
Mortgage Loan Mortgage Principal Principal
Principal Balance Loans Balance Balance
<S> <C> <C> <C>
0 less than Balance less than or equal to 5,000 2 8,775.67 0.01
5,000 less than Balance less than or equal to 10,000 45 412,647.73 0.38
10,000 less than Balance less than or equal to 15,000 225 2,916,293.70 2.69
15,000 less than Balance less than or equal to 20,000 292 5,238,904.23 4.84
20,000 less than Balance less than or equal to 25,000 273 6,287,639.74 5.81
25,000 less than Balance less than or equal to 30,000 257 7,187,343.12 6.64
30,000 less than Balance less than or equal to 35,000 194 6,397,891.29 5.91
35,000 less than Balance less than or equal to 40,000 175 6,614,535.45 6.11
40,000 less than Balance less than or equal to 45,000 165 7,054,866.37 6.52
45,000 less than Balance less than or equal to 50,000 152 7,265,365.93 6.71
50,000 less than Balance less than or equal to 55,000 111 5,842,583.16 5.40
55,000 less than Balance less than or equal to 60,000 93 5,369,366.83 4.96
60,000 less than Balance less than or equal to 65,000 78 4,891,685.58 4.52
65,000 less than Balance less than or equal to 70,000 74 5,011,084.34 4.63
70,000 less than Balance less than or equal to 75,000 61 4,448,428.17 4.11
75,000 less than Balance less than or equal to 80,000 35 2,712,310.73 2.51
80,000 less than Balance less than or equal to 85,000 40 3,292,544.07 3.04
85,000 less than Balance less than or equal to 90,000 32 2,806,639.42 2.59
90,000 less than Balance less than or equal to 95,000 19 1,753,715.36 1.62
95,000 less than Balance less than or equal to 100,000 30 2,940,230.16 2.72
100,000 less than Balance less than or equal to 105,000 23 2,366,666.58 2.19
105,000 less than Balance less than or equal to 110,000 13 1,394,202.54 1.29
110,000 less than Balance less than or equal to 115,000 18 2,025,894.92 1.87
115,000 less than Balance less than or equal to 120,000 7 813,086.59 0.75
120,000 less than Balance less than or equal to 125,000 8 989,170.97 0.91
125,000 less than Balance less than or equal to 130,000 10 1,281,895.54 1.18
130,000 less than Balance less than or equal to 135,000 6 795,721.66 0.73
135,000 less than Balance less than or equal to 140,000 9 1,242,322.95 1.15
140,000 less than Balance less than or equal to 145,000 6 854,521.60 0.79
145,000 less than Balance less than or equal to 150,000 8 1,184,617.99 1.09
150,000 less than Balance less than or equal to 200,000 27 4,657,568.09 4.30
200,000 less than Balance less than or equal to 250,000 7 1,600,049.37 1.48
250,000 less than Balance less than or equal to 300,000 1 284,885.51 0.26
300,000 less than Balance less than or equal to 350,000 1 326,142.23 0.30
- ---------------------------------------------------------------------------------------------------
Total.................... 2497 $108,269,597.59 100.00%
===================================================================================================
</TABLE>
THIS COLLATERAL TERMSHEET SUPERSEDES ANY PREVIOUS COLLATERAL
TERMSHEETS, AND WILL BE SUPERSEDED BY THE COLLATERAL INFORMATION IN THE
PROSPECTUS SUPPLEMENT.
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE
SUCH A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES
INCORPORATED FINANCIAL ADVISOR IMMEDIATELY.
<PAGE> 51
GEOGRAPHICAL DISTRIBUTION OF MORTGAGED PROPERTIES
<TABLE>
<CAPTION>
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
State Loans Balance Balance
<S> <C> <C> <C>
AK 2 98,741.79 0.09
AL 1 25,444.38 0.02
AR 31 1,312,749.93 1.21
AZ 22 782,214.56 0.72
CA 91 5,032,903.19 4.65
CO 116 5,018,596.92 4.64
CT 1 34,467.86 0.03
DC 7 656,923.38 0.61
DE 2 110,288.92 0.10
FL 348 15,630,782.48 14.44
GA 81 3,572,748.53 3.30
HI 1 99,790.19 0.09
IA 31 1,690,367.34 1.56
ID 13 584,044.72 0.54
IL 72 3,351,253.78 3.10
IN 82 3,190,854.90 2.95
KS 17 731,944.58 0.68
KY 106 4,291,928.81 3.96
LA 327 11,648,716.28 10.76
MA 3 81,196.95 0.07
MD 32 1,453,073.36 1.34
ME 1 12,650.00 0.01
MI 120 6,130,051.62 5.66
MN 13 939,257.72 0.87
MO 24 1,032,988.90 0.95
MS 116 4,475,100.69 4.13
MT 2 64,958.48 0.06
NC 98 3,979,997.37 3.68
ND 1 36,406.85 0.03
NE 1 35,959.77 0.03
NH 2 179,706.13 0.17
NJ 11 949,434.46 0.88
NM 2 176,340.83 0.16
NV 10 384,009.49 0.35
NY 7 718,651.37 0.66
OH 353 13,516,171.14 12.48
OK 13 407,308.08 0.38
OR 5 221,663.37 0.20
PA 70 3,429,449.09 3.17
SC 59 2,410,548.27 2.23
TN 110 4,972,907.61 4.59
TX 17 1,005,841.39 0.93
UT 24 1,214,778.68 1.12
VA 15 755,688.05 0.70
VT 2 147,149.14 0.14
WA 9 723,583.71 0.67
WI 20 679,073.47 0.63
WV 4 168,666.81 0.16
WY 2 102,222.25 0.09
- --------------------------------------------------------------------------
Total............... 2497 $108,269,597.59 100.00%
==========================================================================
</TABLE>
LIEN SUMMARY
<TABLE>
<CAPTION>
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Loans Balance Balance
<S> <C> <C> <C>
1 1425 81,931,107.70 75.67
2 1072 26,338,489.89 24.33
- --------------------------------------------------------------------------
Total............... 2497 $108,269,597.59 100.00%
==========================================================================
</TABLE>
THIS COLLATERAL TERMSHEET SUPERSEDES ANY PREVIOUS COLLATERAL
TERMSHEETS, AND WILL BE SUPERSEDED BY THE COLLATERAL INFORMATION IN THE
PROSPECTUS SUPPLEMENT.
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE
SUCH A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES
INCORPORATED FINANCIAL ADVISOR IMMEDIATELY.
<PAGE> 52
LOAN SUMMARY STRATIFIED BY AMORTIZATION
<TABLE>
<CAPTION>
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
AMORTIZATION Loans Balance Balance
<S> <C> <C> <C>
Fully Amortizing 2048 77,925,770.74 71.97
Partially Amortizing 449 30,343,826.85 28.03
- --------------------------------------------------------------------------
Total.................. 2497 $108,269,597.59 100.00%
==========================================================================
</TABLE>
PROPERTY TYPE
<TABLE>
<CAPTION>
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Property Type Loans Balance Balance
<S> <C> <C> <C>
Single Family Residence 2406 103,385,775.84 95.49
2 to 4 Family Residence 46 2,730,521.60 2.52
Condo 14 733,868.28 0.68
Manufactured Housing 9 251,602.09 0.23
Multiple Properties 3 274,618.27 0.25
Townhouse 18 777,757.34 0.72
Other 1 115,454.17 0.11
- --------------------------------------------------------------------------
Total............... 2497 $108,269,597.59 100.00%
==========================================================================
</TABLE>
THIS COLLATERAL TERMSHEET SUPERSEDES ANY PREVIOUS COLLATERAL
TERMSHEETS, AND WILL BE SUPERSEDED BY THE COLLATERAL INFORMATION IN THE
PROSPECTUS SUPPLEMENT.
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE
SUCH A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES
INCORPORATED FINANCIAL ADVISOR IMMEDIATELY.
<PAGE> 53
<TABLE>
<CAPTION>
- --------------------------------------------------------------------------------
- EQUICREDIT 1997-B
- Cut Off Date of Tape is 8/31/97
- ARM COLLATERAL
- $25,597,378.81
- --------------------------------------------------------------------------------
<S> <C>
Number of Mortgage Loans: 275
Lien Status: First Lien Loans
Index: 6 Month LIBOR
Aggregate Unpaid Principal Balance: $25,597,378.81
Aggregate Original Principal Balance: $25,640,325.00
Weighted Average Coupon (Gross): 9.711%
Gross Coupon Range: 6.650% - 14.490%
Weighted Average Margin (Gross): 6.666%
Gross Margin Range: 1.000% - 11.000%
Weighted Average Life Cap (Gross): 15.830%
Gross Life Cap Range: 12.500% - 20.490%
Weighted Average Life Floor (Gross): 9.585%
Gross Life Floor Range: 6.500% - 14.150%
- --------------------------------------------------------------------------------
Average Unpaid Principal Balance: $93,081.38
Average Original Principal Balance: $93,237.55
Maximum Unpaid Principal Balance: $213,737.01
Minimum Unpaid Principal Balance: $14,954.35
Maximum Original Principal Balance: $214,000.00
Minimum Original Principal Balance: $15,000.00
Weighted Avg. Stated Rem. Term (PTD to Mat/Bln Date): 194.579
Stated Rem Term Range: 75.000 - 360.000
Weighted Average Age (First Pay thru Paid Thru): 3.166
Age Range: 0.000 - 18.000
Weighted Average Original Term(to Mat/Bln Date): 197.745
Original Term Range: 83.000 - 360.000
Weighted Average Original LTV (Home Equity Ratio): 80.348
Original LTV Range: 15.000% - 95.000%
Weighted Average Periodic Interest Cap: 1.035%
Periodic Interest Cap Range: 1.000% - 3.000%
Weighted Average Months to Interest Roll: 4.113
Months to Interest Roll Range: 1 - 23
Weighted Average Interest Roll Frequency: 6.000
Interest Frequency Range: 6 - 6
- --------------------------------------------------------------------------------
</TABLE>
THIS COLLATERAL TERMSHEET SUPERSEDES ANY PREVIOUS COLLATERAL
TERMSHEETS, AND WILL BE SUPERSEDED BY THE COLLATERAL INFORMATION IN THE
PROSPECTUS SUPPLEMENT.
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE
SUCH A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES
INCORPORATED FINANCIAL ADVISOR IMMEDIATELY.
<PAGE> 54
GROSS MORTGAGE INTEREST RATE RANGE
<TABLE>
<CAPTION>
Percentage of
Aggregate Cut-Off Date
Gross Mortgage Number of Unpaid Aggregate
Interest Rate Mortgage Principal Principal
Range Loans Balance Balance
<S> <C> <C> <C>
6.50% less than Gross Coupon less than or equal to 7.00% 4 402,083.83 1.57
7.00% less than Gross Coupon less than or equal to 7.50% 11 902,925.69 3.53
7.50% less than Gross Coupon less than or equal to 7.75% 2 232,085.04 0.91
7.75% less than Gross Coupon less than or equal to 8.00% 11 880,314.04 3.44
8.00% less than Gross Coupon less than or equal to 8.25% 8 876,353.21 3.42
8.25% less than Gross Coupon less than or equal to 8.50% 24 2,299,591.24 8.98
8.50% less than Gross Coupon less than or equal to 8.75% 26 2,770,264.39 10.82
8.75% less than Gross Coupon less than or equal to 9.00% 25 2,332,008.85 9.11
9.00% less than Gross Coupon less than or equal to 9.25% 13 1,316,584.19 5.14
9.25% less than Gross Coupon less than or equal to 9.50% 19 1,759,267.95 6.87
9.50% less than Gross Coupon less than or equal to 9.75% 14 1,363,944.46 5.33
9.75% less than Gross Coupon less than or equal to 10.00% 20 1,602,374.28 6.26
10.00% less than Gross Coupon less than or equal to 10.25% 10 857,090.83 3.35
10.25% less than Gross Coupon less than or equal to 10.50% 13 1,076,802.48 4.21
10.50% less than Gross Coupon less than or equal to 10.75% 12 1,141,279.99 4.46
10.75% less than Gross Coupon less than or equal to 11.00% 16 1,349,042.26 5.27
11.00% less than Gross Coupon less than or equal to 11.25% 3 376,380.37 1.47
11.25% less than Gross Coupon less than or equal to 11.50% 14 1,384,372.38 5.41
11.50% less than Gross Coupon less than or equal to 11.75% 2 182,315.06 0.71
11.75% less than Gross Coupon less than or equal to 12.00% 6 430,041.15 1.68
12.00% less than Gross Coupon less than or equal to 12.25% 4 260,243.78 1.02
12.25% less than Gross Coupon less than or equal to 12.50% 5 305,475.75 1.19
12.50% less than Gross Coupon less than or equal to 12.75% 2 188,917.70 0.74
12.75% less than Gross Coupon less than or equal to 13.00% 1 34,276.16 0.13
13.00% less than Gross Coupon less than or equal to 13.25% 1 141,007.48 0.55
13.25% less than Gross Coupon less than or equal to 13.50% 2 287,477.50 1.12
13.50% less than Gross Coupon less than or equal to 13.75% 3 452,012.80 1.77
13.75% less than Gross Coupon less than or equal to 14.00% 2 176,606.28 0.69
14.00% less than Gross Coupon less than or equal to 14.25% 1 131,881.10 0.52
14.25% less than Gross Coupon less than or equal to 14.50% 1 84,358.57 0.33
- --------------------------------------------------------------------------------------------------------
Total.......... 275 $ 25,597,378.81 100.00%
========================================================================================================
</TABLE>
REMAINING MONTHS TO STATED MATURITY
<TABLE>
<CAPTION>
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Remaining Term Loans Balance Balance
<S> <C> <C> <C>
72 less than Rem Term less than or equal to 84 122 12,115,452.75 47.33%
108 less than Rem Term less than or equal to 120 29 2,678,394.69 10.46%
168 less than Rem Term less than or equal to 180 11 840,698.59 3.28%
336 less than Rem Term less than or equal to 348 2 245,792.86 0.96%
348 less than Rem Term less than or equal to 360 111 9,717,039.92 37.96%
- -----------------------------------------------------------------------------------------------
Total............ 275 25,597,378.81 100.00%
===============================================================================================
</TABLE>
AGE OF LOAN
<TABLE>
<CAPTION>
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Age Loans Balance Balance
<S> <C> <C> <C>
Age = 0 34 3,575,916.00 13.97%
0 less than Age less than or equal to 12 239 21,775,669.95 85.07%
12 less than Age less than or equal to 24 2 245,792.86 0.96%
- -----------------------------------------------------------------------------------------------
Total............ 275 25,597,378.81 100.00%
===============================================================================================
</TABLE>
THIS COLLATERAL TERMSHEET SUPERSEDES ANY PREVIOUS COLLATERAL
TERMSHEETS, AND WILL BE SUPERSEDED BY THE COLLATERAL INFORMATION IN THE
PROSPECTUS SUPPLEMENT.
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE
SUCH A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES
INCORPORATED FINANCIAL ADVISOR IMMEDIATELY.
<PAGE> 55
ORIGINAL LOAN-TO-VALUE RATIOS (HOME EQUITY RATIOS)
<TABLE>
<CAPTION>
Percentage of
Aggregate Cut-Off Date
Original Number of Unpaid Aggregate
Loan-To-Value Mortgage Principal Principal
Ratio Loans Balance Balance
<S> <C> <C> <C>
10.000 less than LTV less than or equal to 15.000 1 14,954.35 0.06
15.000 less than LTV less than or equal to 20.000 1 39,909.73 0.16
25.000 less than LTV less than or equal to 30.000 1 104,799.54 0.41
30.000 less than LTV less than or equal to 35.000 1 49,901.17 0.19
35.000 less than LTV less than or equal to 40.000 2 56,261.59 0.22
40.000 less than LTV less than or equal to 45.000 1 104,962.15 0.41
45.000 less than LTV less than or equal to 50.000 1 35,383.60 0.14
50.000 less than LTV less than or equal to 55.000 1 54,918.18 0.21
55.000 less than LTV less than or equal to 60.000 6 449,880.52 1.76
60.000 less than LTV less than or equal to 65.000 8 672,360.84 2.63
65.000 less than LTV less than or equal to 70.000 18 1,316,494.40 5.14
70.000 less than LTV less than or equal to 75.000 48 4,505,197.71 17.60
75.000 less than LTV less than or equal to 80.000 61 5,616,346.81 21.94
80.000 less than LTV less than or equal to 85.000 74 6,744,034.52 26.35
85.000 less than LTV less than or equal to 90.000 43 4,705,109.07 18.38
90.000 less than LTV less than or equal to 95.000 8 1,126,864.63 4.40
- ------------------------------------------------------------------------------------------------
Total.................... 275 $ 25,597,378.81 100.00%
================================================================================================
</TABLE>
DISTRIBUTION OF
MARGINS
<TABLE>
<CAPTION>
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Gross Mortgage Principal Principal
Margin Loans Balance Balance
<S> <C> <C> <C>
0.500 less than Margin less than or equal to 1.000 1 51,891.71 0.20
2.500 less than Margin less than or equal to 3.000 1 143,426.73 0.56
3.500 less than Margin less than or equal to 4.000 2 182,612.52 0.71
4.000 less than Margin less than or equal to 4.500 8 846,616.31 3.31
4.500 less than Margin less than or equal to 5.000 15 1,252,449.07 4.89
5.000 less than Margin less than or equal to 5.500 35 2,996,786.37 11.71
5.500 less than Margin less than or equal to 6.000 38 3,754,765.48 14.67
6.000 less than Margin less than or equal to 6.500 49 4,788,122.76 18.71
6.500 less than Margin less than or equal to 7.000 35 3,043,327.81 11.89
7.000 less than Margin less than or equal to 7.500 29 2,536,858.63 9.91
7.500 less than Margin less than or equal to 8.000 19 1,697,399.66 6.63
8.000 less than Margin less than or equal to 8.500 18 1,722,485.51 6.73
8.500 less than Margin less than or equal to 9.000 8 696,397.91 2.72
9.000 less than Margin less than or equal to 9.500 7 537,382.92 2.10
9.500 less than Margin less than or equal to 10.000 3 350,541.07 1.37
10.000 less than Margin less than or equal to 10.500 1 141,007.48 0.55
10.500 less than Margin less than or equal to 11.000 6 855,306.87 3.34
- -------------------------------------------------------------------------------------------------
Total................. 275 $ 25,597,378.81 100.00%
=================================================================================================
</TABLE>
THIS COLLATERAL TERMSHEET SUPERSEDES ANY PREVIOUS COLLATERAL
TERMSHEETS, AND WILL BE SUPERSEDED BY THE COLLATERAL INFORMATION IN THE
PROSPECTUS SUPPLEMENT.
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE
SUCH A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES
INCORPORATED FINANCIAL ADVISOR IMMEDIATELY.
<PAGE> 56
LOAN SUMMARY STRATIFIED BY
LIFE CAP
<TABLE>
<CAPTION>
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Gross Mortgage Principal Principal
Life Cap Loans Balance Balance
<S> <C> <C> <C>
12.000 less than LIFE CAP less than or equal to 12.500 1 143,426.73 0.56
12.500 less than LIFE CAP less than or equal to 13.000 4 402,083.83 1.57
13.000 less than LIFE CAP less than or equal to 13.500 10 771,476.82 3.01
13.500 less than LIFE CAP less than or equal to 14.000 12 1,022,755.84 4.00
14.000 less than LIFE CAP less than or equal to 14.500 28 2,723,257.57 10.64
14.500 less than LIFE CAP less than or equal to 15.000 52 5,253,056.34 20.52
15.000 less than LIFE CAP less than or equal to 15.500 30 2,833,054.14 11.07
15.500 less than LIFE CAP less than or equal to 16.000 32 2,820,603.02 11.02
16.000 less than LIFE CAP less than or equal to 16.500 24 2,138,482.49 8.35
16.500 less than LIFE CAP less than or equal to 17.000 21 1,802,834.21 7.04
17.000 less than LIFE CAP less than or equal to 17.500 24 2,313,579.42 9.04
17.500 less than LIFE CAP less than or equal to 18.000 12 881,230.16 3.44
18.000 less than LIFE CAP less than or equal to 18.500 6 286,735.96 1.12
18.500 less than LIFE CAP less than or equal to 19.000 6 680,241.45 2.66
19.000 less than LIFE CAP less than or equal to 19.500 4 483,909.91 1.89
19.500 less than LIFE CAP less than or equal to 20.000 6 741,911.25 2.90
20.000 less than LIFE CAP less than or equal to 20.500 3 298,739.67 1.17
- ------------------------------------------------------------------------------------------------------
Total................. 275 $25,597,378.81 100.00%
======================================================================================================
</TABLE>
LOAN SUMMARY STRATIFIED BY
LIFE FLOOR
<TABLE>
<CAPTION>
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Gross Mortgage Principal Principal
Life Floor Loans Balance Balance
<S> <C> <C> <C>
6.000 less than Life Floor less than or equal to 6.500 1 143,426.73 0.56
6.500 less than Life Floor less than or equal to 7.000 4 402,083.83 1.57
7.000 less than Life Floor less than or equal to 7.500 11 902,925.69 3.53
7.500 less than Life Floor less than or equal to 8.000 14 1,211,226.53 4.73
8.000 less than Life Floor less than or equal to 8.500 31 3,032,517.72 11.85
8.500 less than Life Floor less than or equal to 9.000 56 5,586,058.90 21.82
9.000 less than Life Floor less than or equal to 9.500 36 3,352,312.00 13.10
9.500 less than Life Floor less than or equal to 10.000 34 3,029,302.85 11.83
10.000 less than Life Floor less than or equal to 10.500 23 2,119,249.53 8.28
10.500 less than Life Floor less than or equal to 11.000 24 2,003,682.45 7.83
11.000 less than Life Floor less than or equal to 11.500 21 1,829,465.22 7.15
11.500 less than Life Floor less than or equal to 12.000 7 508,015.09 1.98
12.000 less than Life Floor less than or equal to 12.500 1 35,190.98 0.14
12.500 less than Life Floor less than or equal to 13.000 3 229,367.27 0.90
13.000 less than Life Floor less than or equal to 13.500 4 512,843.55 2.00
13.500 less than Life Floor less than or equal to 14.000 4 567,829.37 2.22
14.000 less than Life Floor less than or equal to 14.500 1 131,881.10 0.52
- ------------------------------------------------------------------------------------------------
Total................. 275 $25,597,378.81 100.00%
================================================================================================
</TABLE>
THIS COLLATERAL TERMSHEET SUPERSEDES ANY PREVIOUS COLLATERAL
TERMSHEETS, AND WILL BE SUPERSEDED BY THE COLLATERAL INFORMATION IN THE
PROSPECTUS SUPPLEMENT.
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE
SUCH A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES
INCORPORATED FINANCIAL ADVISOR IMMEDIATELY.
<PAGE> 57
NEXT INTEREST ROLLDATE DATE
<TABLE>
<CAPTION>
Percentage
of Cut-Off
Aggregate Date
Next Number of Unpaid Aggregate
Roll Mortgage Principal Principal
Date Loans Balance Balance
<S> <C> <C> <C>
09/01/97 25 $2,233,880.83 08.73
10/01/97 26 $2,515,904.25 09.83
11/01/97 46 $4,124,483.24 16.11
12/01/97 57 $5,049,299.11 19.73
01/01/98 76 $7,213,578.62 28.18
02/01/98 39 $3,960,531.31 15.47
03/01/98 5 $367,820.35 01.44
07/01/99 1 $131,881.10 00.52
- --------------------------------------------------------------------------
Total........ 275 $25,597,378.81 100.00%
==========================================================================
</TABLE>
LOAN SUMMARY STRATIFIED BY
PERIODIC CAP
<TABLE>
<CAPTION>
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Periodic Mortgage Principal Principal
Cap Loans Balance Balance
<S> <C> <C> <C>
1.000 264 24,877,651.25 97.19
1.500 7 359,373.60 1.40
3.000 4 360,353.96 1.41
- --------------------------------------------------------------------------
Total................. 275 $ 25,597,378.81 100.00%
==========================================================================
</TABLE>
CURRENT MORTGAGE LOAN AMOUNTS
<TABLE>
<CAPTION>
Percentage of
Aggregate Cut-Off Date
Current Number of Unpaid Aggregate
Mortgage Loan Mortgage Principal Principal
Principal Balance Loans Balance Balance
<S> <C> <C> <C>
10,000 less than Balance less than or equal to 15,000 1 14,954.35 0.06
25,000 less than Balance less than or equal to 30,000 4 110,210.06 0.43
30,000 less than Balance less than or equal to 35,000 5 172,610.08 0.67
35,000 less than Balance less than or equal to 40,000 5 188,109.07 0.73
40,000 less than Balance less than or equal to 45,000 5 219,981.74 0.86
45,000 less than Balance less than or equal to 50,000 10 483,434.23 1.89
50,000 less than Balance less than or equal to 55,000 22 1,161,061.87 4.54
55,000 less than Balance less than or equal to 60,000 18 1,042,168.10 4.07
60,000 less than Balance less than or equal to 65,000 14 881,456.69 3.44
65,000 less than Balance less than or equal to 70,000 16 1,077,580.86 4.21
70,000 less than Balance less than or equal to 75,000 13 942,006.43 3.68
75,000 less than Balance less than or equal to 80,000 12 926,147.26 3.62
80,000 less than Balance less than or equal to 85,000 15 1,242,202.92 4.85
85,000 less than Balance less than or equal to 90,000 9 796,626.99 3.11
90,000 less than Balance less than or equal to 95,000 9 835,580.82 3.26
95,000 less than Balance less than or equal to 100,000 11 1,076,546.00 4.21
100,000 less than Balance less than or equal to 105,000 11 1,136,992.57 4.44
105,000 less than Balance less than or equal to 110,000 9 968,141.74 3.78
110,000 less than Balance less than or equal to 115,000 8 901,378.27 3.52
115,000 less than Balance less than or equal to 120,000 10 1,177,170.80 4.60
120,000 less than Balance less than or equal to 125,000 5 617,668.08 2.41
125,000 less than Balance less than or equal to 130,000 5 636,923.10 2.49
130,000 less than Balance less than or equal to 135,000 14 1,853,499.53 7.24
135,000 less than Balance less than or equal to 140,000 4 549,768.68 2.15
140,000 less than Balance less than or equal to 145,000 9 1,287,236.27 5.03
145,000 less than Balance less than or equal to 150,000 2 293,800.65 1.15
150,000 less than Balance less than or equal to 200,000 26 4,378,948.02 17.11
200,000 less than Balance less than or equal to 250,000 3 625,173.63 2.44
- -----------------------------------------------------------------------------------------------------
Total.................... 275 $25,597,378.81 100.00%
=====================================================================================================
</TABLE>
THIS COLLATERAL TERMSHEET SUPERSEDES ANY PREVIOUS COLLATERAL
TERMSHEETS, AND WILL BE SUPERSEDED BY THE COLLATERAL INFORMATION IN THE
PROSPECTUS SUPPLEMENT.
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE
SUCH A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES
INCORPORATED FINANCIAL ADVISOR IMMEDIATELY.
<PAGE> 58
GEOGRAPHICAL DISTRIBUTION OF MORTGAGED PROPERTIES
<TABLE>
<CAPTION>
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
State Loans Balance Balance
<S> <C> <C> <C>
CA 15 2,205,906.08 8.62
CO 36 3,268,525.62 12.77
FL 10 1,195,245.08 4.67
IL 10 695,158.01 2.72
IN 7 530,868.07 2.07
KS 1 109,594.91 0.43
KY 15 1,143,023.90 4.47
LA 3 296,991.32 1.16
MD 1 170,196.60 0.66
ME 1 113,850.00 0.44
MI 81 7,897,861.64 30.85
MN 1 58,580.50 0.23
MO 2 78,784.04 0.31
NC 3 373,353.50 1.46
NH 1 85,000.00 0.33
NV 5 588,471.80 2.30
NY 1 167,153.76 0.65
OH 52 3,994,244.21 15.60
OK 1 51,891.71 0.20
OR 1 131,000.00 0.51
PA 3 218,475.82 0.85
SC 5 423,136.88 1.65
TN 4 578,594.86 2.26
TX 5 319,685.76 1.25
UT 3 341,132.11 1.33
VA 1 77,813.76 0.30
VT 1 52,203.52 0.20
WA 1 131,448.87 0.51
WI 4 253,393.36 0.99
WV 1 45,793.12 0.18
- --------------------------------------------------------------------------
Total............... 275 $ 25,597,378.81 100.00%
==========================================================================
</TABLE>
LIEN SUMMARY
<TABLE>
<CAPTION>
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Loans Balance Balance
<S> <C> <C> <C>
1 275 25,597,378.81 100.00
- --------------------------------------------------------------------------
Total............... 275 $ 25,597,378.81 100.00%
==========================================================================
</TABLE>
THIS COLLATERAL TERMSHEET SUPERSEDES ANY PREVIOUS COLLATERAL
TERMSHEETS, AND WILL BE SUPERSEDED BY THE COLLATERAL INFORMATION IN THE
PROSPECTUS SUPPLEMENT.
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE
SUCH A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES
INCORPORATED FINANCIAL ADVISOR IMMEDIATELY.
<PAGE> 59
LOAN SUMMARY STRATIFIED BY AMORTIZATION
<TABLE>
<CAPTION>
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
AMORTIZATION Loans Balance Balance
<S> <C> <C> <C>
Fully Amortizing 119 10,302,417.49 40.25
Partially Amortizing 156 15,294,961.32 59.75
- --------------------------------------------------------------------------
Total.................. 275 $ 25,597,378.81 100.00%
==========================================================================
</TABLE>
PROPERTY TYPE
<TABLE>
<CAPTION>
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Property Type Loans Balance Balance
<S> <C> <C> <C>
Single Family Residence 264 24,363,491.94 95.18
2 to 4 Family Residence 8 862,055.07 3.37
Condo 2 204,678.04 0.80
Townhouse 1 167,153.76 0.65
- --------------------------------------------------------------------------
Total............... 275 $ 25,597,378.81 100.00%
==========================================================================
</TABLE>
THIS COLLATERAL TERMSHEET SUPERSEDES ANY PREVIOUS COLLATERAL
TERMSHEETS, AND WILL BE SUPERSEDED BY THE COLLATERAL INFORMATION IN THE
PROSPECTUS SUPPLEMENT.
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE
SUCH A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES
INCORPORATED FINANCIAL ADVISOR IMMEDIATELY.
<PAGE> 60
LEHMAN BROTHERS
DERIVED INFORMATION
$175,000,000 Certificates
EQUICREDIT FUNDING TRUST 1997-B
EQCC FUNDING CORPORATION AND EQCC ASSET BACKED CORPORATION (Depositors)
EQUICREDIT CORPORATION OF AMERICA (Servicer)
- --------------------------------------------------------------------------------
This information does not constitute either an offer to sell or a solicitation
of an offer to buy any of the securities referred to herein. Offers to sell and
solicitations of offers to buy the securities are made only by , and this
information must be read in conjunction with, the final Prospectus Supplement
and the related Prospectus or, if not registered under the securities laws, the
final Offering Memorandum (the "Offering Document"). Information contained
herein does not purport to be complete and is subject to the same qualifications
and assumptions, and should be considered by investors only in the light of the
same warnings, lack of assurances and representations and other precautionary
matters, as disclosed in the Offering Document. Information regarding the
underlying assets has been provided by the issuer of the securities or an
affiliate thereof and has not been independently verified by Lehman Brothers
Inc. or any affiliate. The analyses contained herein have been prepared on the
basis of certain assumptions (including, in certain cases, assumptions specified
by the recipient hereof) regarding payments, interest rates, losses and other
matters, including, but not limited to, the assumptions described in the
Offering Document. Lehman Brothers Inc., and any of its affiliates, make no
representation or warranty as to the actual rate or timing of payments on any of
the underlying assets or the payments or yield on the securities. This
information supersedes any prior versions hereof and will be deemed to be
superseded by any subsequent versions (including, with respect to any
description of the securities or underlying assets, the information contained in
the Offering Document).
<PAGE> 61
LEHMAN BROTHERS 1
I. SENSITIVITY ANALYSIS
PROJECTED PERFORMANCE
UNDER VARYING PREPAYMENT ASSUMPTIONS
Class A-1
To Maturity:
<TABLE>
<CAPTION>
FIX HEP 25.00 HEP 21.00 HEP 23.00 HEP 27.00 HEP 29.00 HEP 31.00 HEP 33.00
ARM CPR 27.00 CPR 27.00 CPR 27.00 CPR 27.00 CPR 27.00 CPR 27.00 CPR 27.00
----- --------- --------- --------- --------- --------- --------- ---------
<S> <C> <C> <C> <C> <C> <C> <C>
99-28+ 6.150 6.123 6.137 6.164 6.176 6.189 6.201
99-29 6.117 6.094 6.106 6.129 6.140 6.151 6.161
99-29+ 6.085 6.065 6.075 6.094 6.103 6.112 6.121
99-30 6.052 6.036 6.044 6.060 6.067 6.074 6.081
99-30+ 6.019 6.008 6.013 6.025 6.030 6.036 6.041
99-31 5.987 5.979 5.983 5.990 5.994 5.998 6.001
99-31+ 5.954 5.950 5.952 5.956 5.957 5.959 5.961
100-00 5.921 5.921 5.921 5.921 5.921 5.921 5.921
100-00+ 5.888 5.892 5.890 5.887 5.885 5.883 5.881
100-01 5.856 5.864 5.860 5.852 5.848 5.845 5.841
100-01+ 5.823 5.835 5.829 5.817 5.812 5.806 5.801
100-02 5.791 5.806 5.798 5.783 5.776 5.768 5.761
100-02+ 5.758 5.777 5.768 5.748 5.739 5.730 5.722
100-03 5.725 5.749 5.737 5.714 5.703 5.692 5.682
100-03+ 5.693 5.720 5.706 5.679 5.667 5.654 5.642
Avg. Life 0.500 0.569 0.532 0.471 0.448 0.426 0.408
Mod. Dur. 0.477 0.541 0.507 0.450 0.429 0.408 0.390
1st Pmt. 0.044 0.044 0.044 0.044 0.044 0.044 0.044
Last Pmt. 0.878 1.044 0.961 0.794 0.794 0.711 0.711
</TABLE>
- --------------------------------------------------------------------------------
This information does not constitute either an offer to sell or a solicitation
of an offer to buy any of the securities referred to herein. Offers to sell and
solicitations of offers to buy the securities are made only by , and this
information must be read in conjunction with, the final Prospectus Supplement
and the related Prospectus or, if not registered under the securities laws, the
final Offering Memorandum (the "Offering Document"). Information contained
herein does not purport to be complete and is subject to the same qualifications
and assumptions, and should be considered by investors only in the light of the
same warnings, lack of assurances and representations and other precautionary
matters, as disclosed in the Offering Document. Information regarding the
underlying assets has been provided by the issuer of the securities or an
affiliate thereof and has not been independently verified by Lehman Brothers
Inc. or any affiliate. The analyses contained herein have been prepared on the
basis of certain assumptions (including, in certain cases, assumptions specified
by the recipient hereof) regarding payments, interest rates, losses and other
matters, including, but not limited to, the assumptions described in the
Offering Document. Lehman Brothers Inc., and any of its affiliates, make no
representation or warranty as to the actual rate or timing of payments on any of
the underlying assets or the payments or yield on the securities. This
information supersedes any prior versions hereof and will be deemed to be
superseded by any subsequent versions (including, with respect to any
description of the securities or underlying assets, the information contained in
the Offering Document).
<PAGE> 62
LEHMAN BROTHERS 2
I. SENSITIVITY ANALYSIS
PROJECTED PERFORMANCE
UNDER VARYING PREPAYMENT ASSUMPTIONS
Class A-2
To Maturity:
<TABLE>
<CAPTION>
FIX HEP 25.00 HEP 21.00 HEP 23.00 HEP 27.00 HEP 29.00 HEP 31.00 HEP 33.00
ARM CPR 27.00 CPR 27.00 CPR 27.00 CPR 27.00 CPR 27.00 CPR 27.00 CPR 27.00
----- --------- --------- --------- --------- --------- --------- ---------
<S> <C> <C> <C> <C> <C> <C> <C>
99-28+ 6.382 6.368 6.375 6.389 6.396 6.402 6.409
99-29 6.367 6.355 6.361 6.373 6.379 6.385 6.391
99-29+ 6.353 6.343 6.348 6.358 6.363 6.367 6.372
99-30 6.338 6.330 6.334 6.342 6.346 6.350 6.354
99-30+ 6.324 6.318 6.321 6.327 6.330 6.333 6.335
99-31 6.309 6.305 6.307 6.311 6.313 6.315 6.317
99-31+ 6.295 6.293 6.294 6.296 6.297 6.298 6.299
100-00 6.280 6.280 6.280 6.280 6.280 6.280 6.280
100-00+ 6.266 6.268 6.267 6.265 6.264 6.263 6.262
100-01 6.251 6.255 6.253 6.249 6.247 6.245 6.244
100-01+ 6.237 6.243 6.240 6.234 6.231 6.228 6.225
100-02 6.222 6.230 6.226 6.219 6.214 6.211 6.207
100-02+ 6.208 6.218 6.213 6.203 6.198 6.193 6.188
100-03 6.193 6.205 6.199 6.188 6.182 6.176 6.170
100-03+ 6.179 6.193 6.186 6.172 6.165 6.158 6.152
Avg. Life 1.150 1.342 1.239 1.075 1.008 0.951 0.900
Mod. Dur. 1.076 1.248 1.156 1.008 0.947 0.895 0.848
1st Pmt. 0.878 1.044 0.961 0.794 0.794 0.711 0.711
Last Pmt. 1.461 1.711 1.544 1.294 1.211 1.211 1.128
</TABLE>
- --------------------------------------------------------------------------------
This information does not constitute either an offer to sell or a solicitation
of an offer to buy any of the securities referred to herein. Offers to sell and
solicitations of offers to buy the securities are made only by , and this
information must be read in conjunction with, the final Prospectus Supplement
and the related Prospectus or, if not registered under the securities laws, the
final Offering Memorandum (the "Offering Document"). Information contained
herein does not purport to be complete and is subject to the same qualifications
and assumptions, and should be considered by investors only in the light of the
same warnings, lack of assurances and representations and other precautionary
matters, as disclosed in the Offering Document. Information regarding the
underlying assets has been provided by the issuer of the securities or an
affiliate thereof and has not been independently verified by Lehman Brothers
Inc. or any affiliate. The analyses contained herein have been prepared on the
basis of certain assumptions (including, in certain cases, assumptions specified
by the recipient hereof) regarding payments, interest rates, losses and other
matters, including, but not limited to, the assumptions described in the
Offering Document. Lehman Brothers Inc., and any of its affiliates, make no
representation or warranty as to the actual rate or timing of payments on any of
the underlying assets or the payments or yield on the securities. This
information supersedes any prior versions hereof and will be deemed to be
superseded by any subsequent versions (including, with respect to any
description of the securities or underlying assets, the information contained in
the Offering Document).
<PAGE> 63
LEHMAN BROTHERS 3
I. SENSITIVITY ANALYSIS
PROJECTED PERFORMANCE
UNDER VARYING PREPAYMENT ASSUMPTIONS
Class A-3
To Maturity:
<TABLE>
<CAPTION>
FIX HEP 25.00 HEP 21.00 HEP 23.00 HEP 27.00 HEP 29.00 HEP 31.00 HEP 33.00
ARM CPR 27.00 CPR 27.00 CPR 27.00 CPR 27.00 CPR 27.00 CPR 27.00 CPR 27.00
----- --------- --------- --------- --------- --------- --------- ---------
<S> <C> <C> <C> <C> <C> <C> <C>
99-28+ 6.520 6.512 6.516 6.525 6.529 6.533 6.538
99-29 6.512 6.504 6.508 6.515 6.519 6.523 6.527
99-29+ 6.503 6.497 6.500 6.506 6.509 6.512 6.516
99-30 6.494 6.490 6.492 6.497 6.499 6.502 6.504
99-30+ 6.486 6.482 6.484 6.488 6.490 6.491 6.493
99-31 6.477 6.475 6.476 6.478 6.480 6.481 6.482
99-31+ 6.469 6.467 6.468 6.469 6.470 6.470 6.471
100-00 6.460 6.460 6.460 6.460 6.460 6.460 6.460
100-00+ 6.451 6.453 6.452 6.451 6.450 6.450 6.449
100-01 6.443 6.445 6.444 6.442 6.440 6.439 6.438
100-01+ 6.434 6.438 6.436 6.432 6.431 6.429 6.427
100-02 6.426 6.431 6.428 6.423 6.421 6.418 6.416
100-02+ 6.417 6.423 6.420 6.414 6.411 6.408 6.405
100-03 6.409 6.416 6.412 6.405 6.401 6.397 6.393
100-03+ 6.400 6.409 6.404 6.396 6.391 6.387 6.382
Avg. Life 2.000 2.361 2.166 1.857 1.731 1.622 1.523
Mod. Dur. 1.816 2.120 1.957 1.694 1.586 1.491 1.404
1st Pmt. 1.461 1.711 1.544 1.294 1.211 1.211 1.128
Last Pmt. 2.628 3.128 2.878 2.461 2.294 2.128 1.961
</TABLE>
- --------------------------------------------------------------------------------
This information does not constitute either an offer to sell or a solicitation
of an offer to buy any of the securities referred to herein. Offers to sell and
solicitations of offers to buy the securities are made only by , and this
information must be read in conjunction with, the final Prospectus Supplement
and the related Prospectus or, if not registered under the securities laws, the
final Offering Memorandum (the "Offering Document"). Information contained
herein does not purport to be complete and is subject to the same qualifications
and assumptions, and should be considered by investors only in the light of the
same warnings, lack of assurances and representations and other precautionary
matters, as disclosed in the Offering Document. Information regarding the
underlying assets has been provided by the issuer of the securities or an
affiliate thereof and has not been independently verified by Lehman Brothers
Inc. or any affiliate. The analyses contained herein have been prepared on the
basis of certain assumptions (including, in certain cases, assumptions specified
by the recipient hereof) regarding payments, interest rates, losses and other
matters, including, but not limited to, the assumptions described in the
Offering Document. Lehman Brothers Inc., and any of its affiliates, make no
representation or warranty as to the actual rate or timing of payments on any of
the underlying assets or the payments or yield on the securities. This
information supersedes any prior versions hereof and will be deemed to be
superseded by any subsequent versions (including, with respect to any
description of the securities or underlying assets, the information contained in
the Offering Document).
<PAGE> 64
LEHMAN BROTHERS 4
I. SENSITIVITY ANALYSIS
PROJECTED PERFORMANCE
UNDER VARYING PREPAYMENT ASSUMPTIONS
Class A-4
To Maturity:
<TABLE>
<CAPTION>
FIX HEP 25.00 HEP 21.00 HEP 23.00 HEP 27.00 HEP 29.00 HEP 31.00 HEP 33.00
ARM CPR 27.00 CPR 27.00 CPR 27.00 CPR 27.00 CPR 27.00 CPR 27.00 CPR 27.00
----- --------- --------- --------- --------- --------- --------- ---------
<S> <C> <C> <C> <C> <C> <C> <C>
99-28+ 6.649 6.643 6.646 6.652 6.655 6.658 6.661
99-29 6.644 6.638 6.641 6.646 6.649 6.651 6.654
99-29+ 6.638 6.633 6.636 6.640 6.642 6.644 6.646
99-30 6.632 6.629 6.630 6.634 6.636 6.637 6.639
99-30+ 6.626 6.624 6.625 6.628 6.629 6.630 6.631
99-31 6.621 6.619 6.620 6.621 6.622 6.623 6.624
99-31+ 6.615 6.614 6.614 6.615 6.616 6.616 6.617
100-00 6.609 6.609 6.609 6.609 6.609 6.609 6.609
100-00+ 6.603 6.604 6.604 6.603 6.602 6.602 6.602
100-01 6.598 6.599 6.598 6.597 6.596 6.595 6.594
100-01+ 6.592 6.595 6.593 6.591 6.589 6.588 6.587
100-02 6.586 6.590 6.588 6.584 6.583 6.581 6.579
100-02+ 6.580 6.585 6.583 6.578 6.576 6.574 6.572
100-03 6.575 6.580 6.577 6.572 6.569 6.567 6.564
100-03+ 6.569 6.575 6.572 6.566 6.563 6.560 6.557
Avg. Life 3.100 3.729 3.388 2.857 2.652 2.475 2.319
Mod. Dur. 2.716 3.203 2.941 2.523 2.357 2.212 2.083
1st Pmt. 2.628 3.128 2.878 2.461 2.294 2.128 1.961
Last Pmt. 3.628 4.378 3.961 3.294 3.044 2.878 2.711
</TABLE>
- --------------------------------------------------------------------------------
This information does not constitute either an offer to sell or a solicitation
of an offer to buy any of the securities referred to herein. Offers to sell and
solicitations of offers to buy the securities are made only by , and this
information must be read in conjunction with, the final Prospectus Supplement
and the related Prospectus or, if not registered under the securities laws, the
final Offering Memorandum (the "Offering Document"). Information contained
herein does not purport to be complete and is subject to the same qualifications
and assumptions, and should be considered by investors only in the light of the
same warnings, lack of assurances and representations and other precautionary
matters, as disclosed in the Offering Document. Information regarding the
underlying assets has been provided by the issuer of the securities or an
affiliate thereof and has not been independently verified by Lehman Brothers
Inc. or any affiliate. The analyses contained herein have been prepared on the
basis of certain assumptions (including, in certain cases, assumptions specified
by the recipient hereof) regarding payments, interest rates, losses and other
matters, including, but not limited to, the assumptions described in the
Offering Document. Lehman Brothers Inc., and any of its affiliates, make no
representation or warranty as to the actual rate or timing of payments on any of
the underlying assets or the payments or yield on the securities. This
information supersedes any prior versions hereof and will be deemed to be
superseded by any subsequent versions (including, with respect to any
description of the securities or underlying assets, the information contained in
the Offering Document).
<PAGE> 65
LEHMAN BROTHERS 5
I. SENSITIVITY ANALYSIS
PROJECTED PERFORMANCE
UNDER VARYING PREPAYMENT ASSUMPTIONS
Class A-5
To Maturity:
<TABLE>
<CAPTION>
FIX HEP 25.00 HEP 21.00 HEP 23.00 HEP 27.00 HEP 29.00 HEP 31.00 HEP 33.00
ARM CPR 27.00 CPR 27.00 CPR 27.00 CPR 27.00 CPR 27.00 CPR 27.00 CPR 27.00
----- --------- --------- --------- --------- --------- --------- ---------
<S> <C> <C> <C> <C> <C> <C> <C>
99-28+ 6.976 6.972 6.974 6.978 6.981 6.983 6.985
99-29 6.972 6.969 6.970 6.974 6.976 6.978 6.980
99-29+ 6.968 6.965 6.967 6.970 6.971 6.973 6.975
99-30 6.964 6.962 6.963 6.965 6.967 6.968 6.969
99-30+ 6.960 6.958 6.959 6.961 6.962 6.963 6.964
99-31 6.956 6.955 6.956 6.957 6.958 6.958 6.959
99-31+ 6.952 6.952 6.952 6.953 6.953 6.953 6.954
100-00 6.948 6.948 6.948 6.948 6.948 6.948 6.948
100-00+ 6.944 6.945 6.945 6.944 6.944 6.943 6.943
100-01 6.940 6.942 6.941 6.940 6.939 6.939 6.938
100-01+ 6.937 6.938 6.937 6.936 6.935 6.934 6.933
100-02 6.933 6.935 6.934 6.931 6.930 6.929 6.927
100-02+ 6.929 6.932 6.930 6.927 6.925 6.924 6.922
100-03 6.925 6.928 6.926 6.923 6.921 6.919 6.917
100-03+ 6.921 6.925 6.923 6.919 6.916 6.914 6.911
Avg. Life 4.801 5.855 5.271 4.381 4.020 3.710 3.439
Mod. Dur. 3.941 4.640 4.261 3.647 3.388 3.159 2.956
1st Pmt. 3.628 4.378 3.961 3.294 3.044 2.878 2.711
Last Pmt. 6.544 8.461 6.961 5.878 5.378 4.878 4.544
</TABLE>
- --------------------------------------------------------------------------------
This information does not constitute either an offer to sell or a solicitation
of an offer to buy any of the securities referred to herein. Offers to sell and
solicitations of offers to buy the securities are made only by , and this
information must be read in conjunction with, the final Prospectus Supplement
and the related Prospectus or, if not registered under the securities laws, the
final Offering Memorandum (the "Offering Document"). Information contained
herein does not purport to be complete and is subject to the same qualifications
and assumptions, and should be considered by investors only in the light of the
same warnings, lack of assurances and representations and other precautionary
matters, as disclosed in the Offering Document. Information regarding the
underlying assets has been provided by the issuer of the securities or an
affiliate thereof and has not been independently verified by Lehman Brothers
Inc. or any affiliate. The analyses contained herein have been prepared on the
basis of certain assumptions (including, in certain cases, assumptions specified
by the recipient hereof) regarding payments, interest rates, losses and other
matters, including, but not limited to, the assumptions described in the
Offering Document. Lehman Brothers Inc., and any of its affiliates, make no
representation or warranty as to the actual rate or timing of payments on any of
the underlying assets or the payments or yield on the securities. This
information supersedes any prior versions hereof and will be deemed to be
superseded by any subsequent versions (including, with respect to any
description of the securities or underlying assets, the information contained in
the Offering Document).
<PAGE> 66
LEHMAN BROTHERS 6
I. SENSITIVITY ANALYSIS
PROJECTED PERFORMANCE
UNDER VARYING PREPAYMENT ASSUMPTIONS
Class A-6
To Maturity:
<TABLE>
<CAPTION>
FIX HEP 25.00 HEP 21.00 HEP 23.00 HEP 27.00 HEP 29.00 HEP 31.00 HEP 33.00
ARM CPR 27.00 CPR 27.00 CPR 27.00 CPR 27.00 CPR 27.00 CPR 27.00 CPR 27.00
----- --------- --------- --------- --------- --------- --------- ---------
<S> <C> <C> <C> <C> <C> <C> <C>
99-28 7.343 7.341 7.342 7.344 7.346 7.347 7.349
99-28+ 7.341 7.339 7.340 7.342 7.343 7.344 7.346
99-29 7.338 7.337 7.337 7.339 7.340 7.341 7.343
99-29+ 7.336 7.335 7.335 7.337 7.338 7.339 7.340
99-30 7.334 7.333 7.333 7.334 7.335 7.336 7.337
99-30+ 7.331 7.330 7.331 7.332 7.332 7.333 7.334
99-31 7.329 7.328 7.329 7.329 7.330 7.330 7.330
99-31+ 7.327 7.326 7.326 7.327 7.327 7.327 7.327
100-00 7.324 7.324 7.324 7.324 7.324 7.324 7.324
100-00+ 7.322 7.322 7.322 7.322 7.322 7.321 7.321
100-01 7.320 7.320 7.320 7.319 7.319 7.319 7.318
100-01+ 7.317 7.318 7.318 7.317 7.316 7.316 7.315
100-02 7.315 7.316 7.316 7.314 7.314 7.313 7.312
100-02+ 7.313 7.314 7.313 7.312 7.311 7.310 7.309
100-03 7.310 7.312 7.311 7.309 7.308 7.307 7.306
Avg. Life 9.854 11.677 10.774 9.013 8.209 7.445 6.731
Mod. Dur. 6.687 7.523 7.125 6.268 5.847 5.427 5.021
1st Pmt. 6.544 8.461 6.961 5.878 5.378 4.878 4.544
Last Pmt. 29.711 29.711 29.711 29.711 29.711 29.711 29.711
</TABLE>
- --------------------------------------------------------------------------------
This information does not constitute either an offer to sell or a solicitation
of an offer to buy any of the securities referred to herein. Offers to sell and
solicitations of offers to buy the securities are made only by, and this
information must be read in conjunction with, the final Prospectus Supplement
and the related Prospectus or, if not registered under the securities laws, the
final Offering Memorandum (the "Offering Document"). Information contained
herein does not purport to be complete and is subject to the same qualifications
and assumptions, and should be considered by investors only in the light of the
same warnings, lack of assurances and representations and other precautionary
matters, as disclosed in the Offering Document. Information regarding the
underlying assets has been provided by the issuer of the securities or an
affiliate thereof and has not been independently verified by Lehman Brothers
Inc. or any affiliate. The analyses contained herein have been prepared on the
basis of certain assumptions (including, in certain cases, assumptions specified
by the recipient hereof) regarding payments, interest rates, losses and other
matters, including, but not limited to, the assumptions described in the
Offering Document. Lehman Brothers Inc., and any of its affiliates, make no
representation or warranty as to the actual rate or timing of payments on any of
the underlying assets or the payments or yield on the securities. This
information supersedes any prior versions hereof and will be deemed to be
superseded by any subsequent versions (including, with respect to any
description of the securities or underlying assets, the information contained in
the Offering Document).
<PAGE> 67
LEHMAN BROTHERS 7
I. SENSITIVITY ANALYSIS
PROJECTED PERFORMANCE
UNDER VARYING PREPAYMENT ASSUMPTIONS
Class A-6
To Call:
<TABLE>
<CAPTION>
FIX HEP 25.00 HEP 21.00 HEP 23.00 HEP 27.00 HEP 29.00 HEP 31.00 HEP 33.00
ARM CPR 27.00 CPR 27.00 CPR 27.00 CPR 27.00 CPR 27.00 CPR 27.00 CPR 27.00
----- --------- --------- --------- --------- --------- --------- ---------
<S> <C> <C> <C> <C> <C> <C> <C>
99-28 7.348 7.346 7.347 7.349 7.350 7.351 7.353
99-28+ 7.345 7.343 7.344 7.346 7.347 7.348 7.349
99-29 7.342 7.340 7.341 7.343 7.343 7.345 7.346
99-29+ 7.339 7.338 7.338 7.340 7.340 7.341 7.342
99-30 7.336 7.335 7.335 7.337 7.337 7.338 7.339
99-30+ 7.333 7.332 7.333 7.333 7.334 7.334 7.335
99-31 7.330 7.330 7.330 7.330 7.331 7.331 7.331
99-31+ 7.327 7.327 7.327 7.327 7.327 7.328 7.328
100-00 7.324 7.324 7.324 7.324 7.324 7.324 7.324
100-00+ 7.321 7.322 7.321 7.321 7.321 7.321 7.321
100-01 7.318 7.319 7.319 7.318 7.318 7.317 7.317
100-01+ 7.315 7.316 7.316 7.315 7.315 7.314 7.313
100-02 7.313 7.314 7.313 7.312 7.311 7.311 7.310
100-02+ 7.310 7.311 7.310 7.309 7.308 7.307 7.306
100-03 7.307 7.308 7.307 7.306 7.305 7.304 7.303
Avg. Life 7.044 7.961 7.450 6.605 6.288 5.852 5.437
Mod. Dur. 5.332 5.848 5.564 5.071 4.877 4.603 4.336
1st Pmt. 6.544 7.961 6.961 5.878 5.378 4.878 4.544
Last Pmt. 11/15/04 09/15/05 03/15/05 06/15/04 04/15/04 12/15/03 08/15/03
</TABLE>
- --------------------------------------------------------------------------------
This information does not constitute either an offer to sell or a solicitation
of an offer to buy any of the securities referred to herein. Offers to sell and
solicitations of offers to buy the securities are made only by, and this
information must be read in conjunction with, the final Prospectus Supplement
and the related Prospectus or, if not registered under the securities laws, the
final Offering Memorandum (the "Offering Document"). Information contained
herein does not purport to be complete and is subject to the same qualifications
and assumptions, and should be considered by investors only in the light of the
same warnings, lack of assurances and representations and other precautionary
matters, as disclosed in the Offering Document. Information regarding the
underlying assets has been provided by the issuer of the securities or an
affiliate thereof and has not been independently verified by Lehman Brothers
Inc. or any affiliate. The analyses contained herein have been prepared on the
basis of certain assumptions (including, in certain cases, assumptions specified
by the recipient hereof) regarding payments, interest rates, losses and other
matters, including, but not limited to, the assumptions described in the
Offering Document. Lehman Brothers Inc., and any of its affiliates, make no
representation or warranty as to the actual rate or timing of payments on any of
the underlying assets or the payments or yield on the securities. This
information supersedes any prior versions hereof and will be deemed to be
superseded by any subsequent versions (including, with respect to any
description of the securities or underlying assets, the information contained in
the Offering Document).
<PAGE> 68
LEHMAN BROTHERS 8
I. SENSITIVITY ANALYSIS
PROJECTED PERFORMANCE
UNDER VARYING PREPAYMENT ASSUMPTIONS
Class A-7
To Maturity:
<TABLE>
<CAPTION>
FIX HEP 25.00 HEP 21.00 HEP 23.00 HEP 27.00 HEP 29.00 HEP 31.00 HEP 33.00
ARM CPR 27.00 CPR 27.00 CPR 27.00 CPR 27.00 CPR 27.00 CPR 27.00 CPR 27.00
----- --------- --------- --------- --------- --------- --------- ---------
<S> <C> <C> <C> <C> <C> <C> <C>
99-28+ 6.930 6.929 6.929 6.930 6.930 6.931 6.931
99-29 6.927 6.926 6.926 6.927 6.927 6.927 6.927
99-29+ 6.923 6.923 6.923 6.924 6.924 6.924 6.924
99-30 6.920 6.920 6.920 6.920 6.920 6.921 6.921
99-30+ 6.917 6.917 6.917 6.917 6.917 6.917 6.917
99-31 6.914 6.913 6.914 6.914 6.914 6.914 6.914
99-31+ 6.910 6.910 6.910 6.911 6.911 6.911 6.911
100-00 6.907 6.907 6.907 6.907 6.907 6.907 6.907
100-00+ 6.904 6.904 6.904 6.904 6.904 6.904 6.904
100-01 6.901 6.901 6.901 6.901 6.901 6.901 6.901
100-01+ 6.898 6.898 6.898 6.898 6.897 6.897 6.897
100-02 6.894 6.895 6.895 6.894 6.894 6.894 6.894
100-02+ 6.891 6.892 6.892 6.891 6.891 6.891 6.890
100-03 6.888 6.889 6.888 6.888 6.888 6.887 6.887
100-03+ 6.885 6.886 6.885 6.885 6.884 6.884 6.884
Avg. Life 6.256 6.520 6.381 6.145 6.047 5.958 5.878
Mac. Dur. 5.033 5.199 5.112 4.962 4.897 4.839 4.785
1st Pmt. 3.044 3.044 3.044 3.044 3.044 3.044 3.044
Last Pmt. 14.628 14.628 14.628 14.628 14.628 14.628 14.628
</TABLE>
- --------------------------------------------------------------------------------
This information does not constitute either an offer to sell or a solicitation
of an offer to buy any of the securities referred to herein. Offers to sell and
solicitations of offers to buy the securities are made only by, and this
information must be read in conjunction with, the final Prospectus Supplement
and the related Prospectus or, if not registered under the securities laws, the
final Offering Memorandum (the "Offering Document"). Information contained
herein does not purport to be complete and is subject to the same qualifications
and assumptions, and should be considered by investors only in the light of the
same warnings, lack of assurances and representations and other precautionary
matters, as disclosed in the Offering Document. Information regarding the
underlying assets has been provided by the issuer of the securities or an
affiliate thereof and has not been independently verified by Lehman Brothers
Inc. or any affiliate. The analyses contained herein have been prepared on the
basis of certain assumptions (including, in certain cases, assumptions specified
by the recipient hereof) regarding payments, interest rates, losses and other
matters, including, but not limited to, the assumptions described in the
Offering Document. Lehman Brothers Inc., and any of its affiliates, make no
representation or warranty as to the actual rate or timing of payments on any of
the underlying assets or the payments or yield on the securities. This
information supersedes any prior versions hereof and will be deemed to be
superseded by any subsequent versions (including, with respect to any
description of the securities or underlying assets, the information contained in
the Offering Document).
<PAGE> 69
LEHMAN BROTHERS 9
I. SENSITIVITY ANALYSIS
PROJECTED PERFORMANCE
UNDER VARYING PREPAYMENT ASSUMPTIONS
Class A-7
To Call:
<TABLE>
<CAPTION>
FIX HEP 25.00 HEP 21.00 HEP 23.00 HEP 27.00 HEP 29.00 HEP 31.00 HEP 33.00
ARM CPR 27.00 CPR 27.00 CPR 27.00 CPR 27.00 CPR 27.00 CPR 27.00 CPR 27.00
----- --------- --------- --------- --------- --------- --------- ---------
<S> <C> <C> <C> <C> <C> <C> <C>
99-28+ 6.931 6.929 6.930 6.931 6.932 6.932 6.933
99-29 6.927 6.926 6.927 6.928 6.928 6.929 6.930
99-29+ 6.924 6.923 6.924 6.924 6.925 6.925 6.926
99-30 6.921 6.920 6.920 6.921 6.921 6.922 6.922
99-30+ 6.917 6.917 6.917 6.918 6.918 6.918 6.918
99-31 6.914 6.914 6.914 6.914 6.914 6.914 6.915
99-31+ 6.911 6.910 6.911 6.911 6.911 6.911 6.911
100-00 6.907 6.907 6.907 6.907 6.907 6.907 6.907
100-00+ 6.904 6.904 6.904 6.904 6.904 6.904 6.904
100-01 6.901 6.901 6.901 6.900 6.900 6.900 6.900
100-01+ 6.897 6.898 6.898 6.897 6.897 6.896 6.896
100-02 6.894 6.895 6.894 6.894 6.893 6.893 6.892
100-02+ 6.891 6.891 6.891 6.890 6.890 6.889 6.889
100-03 6.887 6.888 6.888 6.887 6.886 6.886 6.885
100-03+ 6.884 6.885 6.885 6.883 6.883 6.882 6.881
Avg. Life 5.941 6.320 6.118 5.719 5.588 5.387 5.182
Mod. Dur. 4.688 4.920 4.797 4.550 4.466 4.337 4.203
1st Pmt. 3.044 3.044 3.044 3.044 3.044 3.044 3.044
Last Pmt. 11/15/04 09/15/05 03/15/05 06/15/04 04/15/04 12/15/03 08/15/03
</TABLE>
- --------------------------------------------------------------------------------
This information does not constitute either an offer to sell or a solicitation
of an offer to buy any of the securities referred to herein. Offers to sell and
solicitations of offers to buy the securities are made only by, and this
information must be read in conjunction with, the final Prospectus Supplement
and the related Prospectus or, if not registered under the securities laws, the
final Offering Memorandum (the "Offering Document"). Information contained
herein does not purport to be complete and is subject to the same qualifications
and assumptions, and should be considered by investors only in the light of the
same warnings, lack of assurances and representations and other precautionary
matters, as disclosed in the Offering Document. Information regarding the
underlying assets has been provided by the issuer of the securities or an
affiliate thereof and has not been independently verified by Lehman Brothers
Inc. or any affiliate. The analyses contained herein have been prepared on the
basis of certain assumptions (including, in certain cases, assumptions specified
by the recipient hereof) regarding payments, interest rates, losses and other
matters, including, but not limited to, the assumptions described in the
Offering Document. Lehman Brothers Inc., and any of its affiliates, make no
representation or warranty as to the actual rate or timing of payments on any of
the underlying assets or the payments or yield on the securities. This
information supersedes any prior versions hereof and will be deemed to be
superseded by any subsequent versions (including, with respect to any
description of the securities or underlying assets, the information contained in
the Offering Document).
<PAGE> 70
LEHMAN BROTHERS 10
I. SENSITIVITY ANALYSIS
PROJECTED PERFORMANCE
UNDER VARYING PREPAYMENT ASSUMPTIONS
Class A-8
To Call:
<TABLE>
<CAPTION>
FIX HEP 25.00 HEP 25.00 HEP 25.00 HEP 25.00 HEP 25.00 HEP 25.00 HEP 25.00
ARM CPR 27.00 CPR 21.00 CPR 23.00 CPR 25.00 CPR 29.00 CPR 31.00 CPR 33.00
----- --------- --------- --------- --------- --------- --------- ---------
<S> <C> <C> <C> <C> <C> <C> <C>
99-28+ 22.389 21.629 21.868 22.129 22.660 22.942 23.226
99-29 21.762 21.110 21.315 21.539 21.994 22.235 22.479
99-29+ 21.134 20.592 20.762 20.949 21.328 21.529 21.732
99-30 20.507 20.073 20.210 20.359 20.662 20.823 20.985
99-30+ 19.880 19.555 19.657 19.769 19.996 20.117 20.239
99-31 19.253 19.036 19.105 19.179 19.331 19.411 19.492
99-31+ 18.627 18.518 18.552 18.589 18.665 18.705 18.746
100-00 18.000 18.000 18.000 18.000 18.000 18.000 18.000
100-00+ 17.374 17.482 17.448 17.411 17.335 17.295 17.254
100-01 16.747 16.964 16.896 16.822 16.670 16.590 16.509
100-01+ 16.122 16.447 16.344 16.233 16.006 15.885 15.763
100-02 15.496 15.929 15.793 15.644 15.341 15.180 15.018
100-02+ 14.870 15.412 15.241 15.055 14.677 14.476 14.273
100-03 14.245 14.895 14.690 14.467 14.013 13.772 13.529
100-03+ 13.619 14.377 14.139 13.879 13.349 13.068 12.784
Avg. Life 2.810 3.467 3.231 3.005 2.632 2.468 2.323
Mod. Dur. 2.400 2.902 2.722 2.551 2.260 2.131 2.015
1st Pmt. 0.044 0.044 0.044 0.044 0.044 0.044 0.044
Last Pmt. 11/15/04 03/15/05 02/15/05 12/15/04 10/15/04 09/15/04 09/15/04
</TABLE>
- --------------------------------------------------------------------------------
This information does not constitute either an offer to sell or a solicitation
of an offer to buy any of the securities referred to herein. Offers to sell and
solicitations of offers to buy the securities are made only by, and this
information must be read in conjunction with, the final Prospectus Supplement
and the related Prospectus or, if not registered under the securities laws, the
final Offering Memorandum (the "Offering Document"). Information contained
herein does not purport to be complete and is subject to the same qualifications
and assumptions, and should be considered by investors only in the light of the
same warnings, lack of assurances and representations and other precautionary
matters, as disclosed in the Offering Document. Information regarding the
underlying assets has been provided by the issuer of the securities or an
affiliate thereof and has not been independently verified by Lehman Brothers
Inc. or any affiliate. The analyses contained herein have been prepared on the
basis of certain assumptions (including, in certain cases, assumptions specified
by the recipient hereof) regarding payments, interest rates, losses and other
matters, including, but not limited to, the assumptions described in the
Offering Document. Lehman Brothers Inc., and any of its affiliates, make no
representation or warranty as to the actual rate or timing of payments on any of
the underlying assets or the payments or yield on the securities. This
information supersedes any prior versions hereof and will be deemed to be
superseded by any subsequent versions (including, with respect to any
description of the securities or underlying assets, the information contained in
the Offering Document).
<PAGE> 71
LEHMAN BROTHERS 11
II. COLLATERAL SUMMARY
FIXED RATE COLLATERAL SUMMARY
<TABLE>
<S> <C>
Number of Mortgage Loans: 2,497
Lien Status: First and Second Lien Loans
Aggregate Unpaid Principal Balance: $108,269,597.59
Aggregate Original Principal Balance: $108,722,465.44
Weighted Average Gross Coupon: 11.275%
Gross Coupon Range: 7.750% - 17.480%
- --------------------------------------------------------------------------------
Average Unpaid Principal Balance: $43,359.87
Average Original Principal Balance: $43,541.24
Maximum Unpaid Principal Balance: $326,142.23
Minimum Unpaid Principal Balance: $4,125.26
Maximum Original Principal Balance: $326,250.00
Minimum Original Principal Balance: $5,000.00
Weighted Avg. Stated Rem. Term (PTD to Mat/Bln Date): 206.523
Stated Rem Term Range: 22.000 - 360.000
Weighted Average Age (First Pay thru Paid Thru Date): 2.846
Age Range: 0.000 - 92.000
Weighted Average Original Term (to Mat/Bln Date): 209.369
Original Term Range: 24.000 - 360.000
Weighted Average Original LTV (Home Equity Ratio): 62.876
Original LTV Range: 2.500% - 95.000%
Weighted Average Combined LTV: 77.511
Combined LTV Range: 10.000% - 99.000%
- --------------------------------------------------------------------------------
</TABLE>
- --------------------------------------------------------------------------------
This information does not constitute either an offer to sell or a solicitation
of an offer to buy any of the securities referred to herein. Offers to sell and
solicitations of offers to buy the securities are made only by , and this
information must be read in conjunction with, the final Prospectus Supplement
and the related Prospectus or, if not registered under the securities laws, the
final Offering Memorandum (the "Offering Document"). Information contained
herein does not purport to be complete and is subject to the same qualifications
and assumptions, and should be considered by investors only in the light of the
same warnings, lack of assurances and representations and other precautionary
matters, as disclosed in the Offering Document. Information regarding the
underlying assets has been provided by the issuer of the securities or an
affiliate thereof and has not been independently verified by Lehman Brothers
Inc. or any affiliate. The analyses contained herein have been prepared on the
basis of certain assumptions (including, in certain cases, assumptions specified
by the recipient hereof) regarding payments, interest rates, losses and other
matters, including, but not limited to, the assumptions described in the
Offering Document. Lehman Brothers Inc., and any of its affiliates, make no
representation or warranty as to the actual rate or timing of payments on any of
the underlying assets or the payments or yield on the securities. This
information supersedes any prior versions hereof and will be deemed to be
superseded by any subsequent versions (including, with respect to any
description of the securities or underlying assets, the information contained in
the Offering Document).
<PAGE> 72
LEHMAN BROTHERS 12
II. COLLATERAL SUMMARY - FIXED
GROSS MORTGAGE INTEREST RATE RANGE
<TABLE>
<CAPTION>
Percentage of
Aggregate Cut-Off Date
Gross Mortgage Number of Unpaid Aggregate
Interest Rate Mortgage Principal Principal
Range Loans Balance Balance
<S> <C> <C> <C>
7.50% less than Gross Coupon less than or equal to 7.75% 1 35,562.11 0.03
7.75% less than Gross Coupon less than or equal to 8.00% 10 879,834.51 0.81
8.00% less than Gross Coupon less than or equal to 8.25% 2 101,044.36 0.09
8.25% less than Gross Coupon less than or equal to 8.50% 11 1,391,349.17 1.29
8.50% less than Gross Coupon less than or equal to 8.75% 17 936,770.20 0.87
8.75% less than Gross Coupon less than or equal to 9.00% 32 2,368,222.29 2.19
9.00% less than Gross Coupon less than or equal to 9.25% 37 2,375,520.30 2.19
9.25% less than Gross Coupon less than or equal to 9.50% 69 4,400,897.45 4.06
9.50% less than Gross Coupon less than or equal to 9.75% 74 4,162,578.81 3.84
9.75% less than Gross Coupon less than or equal to 10.00% 136 8,357,851.99 7.72
10.00% less than Gross Coupon less than or equal to 10.25% 73 4,317,303.73 3.99
10.25% less than Gross Coupon less than or equal to 10.50% 140 7,629,990.35 7.05
10.50% less than Gross Coupon less than or equal to 10.75% 117 6,059,129.35 5.60
10.75% less than Gross Coupon less than or equal to 11.00% 221 11,752,736.49 10.86
11.00% less than Gross Coupon less than or equal to 11.25% 149 6,386,242.16 5.90
11.25% less than Gross Coupon less than or equal to 11.50% 166 6,745,326.53 6.23
11.50% less than Gross Coupon less than or equal to 11.75% 128 5,822,713.34 5.38
11.75% less than Gross Coupon less than or equal to 12.00% 159 6,568,607.28 6.07
12.00% less than Gross Coupon less than or equal to 12.25% 104 3,458,691.51 3.19
12.25% less than Gross Coupon less than or equal to 12.50% 115 4,157,456.68 3.84
12.50% less than Gross Coupon less than or equal to 12.75% 85 2,903,558.13 2.68
12.75% less than Gross Coupon less than or equal to 13.00% 97 3,146,643.93 2.91
13.00% less than Gross Coupon less than or equal to 13.25% 65 2,107,793.52 1.95
13.25% less than Gross Coupon less than or equal to 13.50% 55 1,462,534.50 1.35
13.50% less than Gross Coupon less than or equal to 13.75% 72 1,805,712.12 1.67
13.75% less than Gross Coupon less than or equal to 14.00% 81 1,963,684.56 1.81
14.00% less than Gross Coupon less than or equal to 14.25% 47 1,349,447.68 1.25
14.25% less than Gross Coupon less than or equal to 14.50% 107 2,617,254.81 2.42
14.50% less than Gross Coupon less than or equal to 14.75% 45 1,178,135.69 1.09
14.75% less than Gross Coupon less than or equal to 15.00% 31 715,589.49 0.66
15.00% less than Gross Coupon less than or equal to 15.25% 12 283,754.80 0.26
15.25% less than Gross Coupon less than or equal to 15.50% 8 186,425.32 0.17
15.50% less than Gross Coupon less than or equal to 15.75% 10 208,492.86 0.19
15.75% less than Gross Coupon less than or equal to 16.00% 5 144,038.82 0.13
16.00% less than Gross Coupon less than or equal to 16.25% 3 80,460.32 0.07
16.25% less than Gross Coupon less than or equal to 16.50% 1 12,080.09 0.01
16.75% less than Gross Coupon less than or equal to 17.00% 10 155,612.75 0.14
17.25% less than Gross Coupon less than or equal to 17.50% 2 40,549.59 0.04
- -----------------------------------------------------------------------------------------------------------
Total.......... 2497 $108,269,597.59 100.00%
===========================================================================================================
</TABLE>
- --------------------------------------------------------------------------------
This information does not constitute either an offer to sell or a solicitation
of an offer to buy any of the securities referred to herein. Offers to sell and
solicitations of offers to buy the securities are made only by , and this
information must be read in conjunction with, the final Prospectus Supplement
and the related Prospectus or, if not registered under the securities laws, the
final Offering Memorandum (the "Offering Document"). Information contained
herein does not purport to be complete and is subject to the same qualifications
and assumptions, and should be considered by investors only in the light of the
same warnings, lack of assurances and representations and other precautionary
matters, as disclosed in the Offering Document. Information regarding the
underlying assets has been provided by the issuer of the securities or an
affiliate thereof and has not been independently verified by Lehman Brothers
Inc. or any affiliate. The analyses contained herein have been prepared on the
basis of certain assumptions (including, in certain cases, assumptions specified
by the recipient hereof) regarding payments, interest rates, losses and other
matters, including, but not limited to, the assumptions described in the
Offering Document. Lehman Brothers Inc., and any of its affiliates, make no
representation or warranty as to the actual rate or timing of payments on any of
the underlying assets or the payments or yield on the securities. This
information supersedes any prior versions hereof and will be deemed to be
superseded by any subsequent versions (including, with respect to any
description of the securities or underlying assets, the information contained in
the Offering Document).
<PAGE> 73
LEHMAN BROTHERS 13
II. COLLATERAL SUMMARY - FIXED
<TABLE>
<CAPTION>
REMAINING MONTHS TO STATED MATURITY
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Remaining Term Loans Balance Balance
<S> <C> <C> <C>
12 less than Rem Term less than or equal to 24 1 6,497.86 0.01%
36 less than Rem Term less than or equal to 48 1 4,125.26 0.00%
48 less than Rem Term less than or equal to 60 26 639,454.82 0.59%
60 less than Rem Term less than or equal to 72 4 81,901.90 0.08%
72 less than Rem Term less than or equal to 84 135 9,582,501.83 8.85%
84 less than Rem Term less than or equal to 96 7 134,902.73 0.12%
96 less than Rem Term less than or equal to 108 4 70,747.81 0.07%
108 less than Rem Term less than or equal to 120 201 5,677,964.08 5.24%
132 less than Rem Term less than or equal to 144 2 24,227.00 0.02%
144 less than Rem Term less than or equal to 156 3 70,769.73 0.07%
156 less than Rem Term less than or equal to 168 37 1,461,896.20 1.35%
168 less than Rem Term less than or equal to 180 1,581 59,654,465.78 55.10%
216 less than Rem Term less than or equal to 228 6 274,312.26 0.25%
228 less than Rem Term less than or equal to 240 161 7,923,707.62 7.32%
336 less than Rem Term less than or equal to 348 3 292,261.68 0.27%
348 less than Rem Term less than or equal to 360 325 22,369,861.03 20.66%
- ----------------------------------------------------------------------------------------------------
Total............ 2,497 108,269,597.59 100.00%
====================================================================================================
</TABLE>
<TABLE>
<CAPTION>
AGE OF LOAN
PercentAge of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
MortgAge Principal Principal
Age Loans Balance Balance
<S> <C> <C> <C>
Age = 0 221 9,313,972.91 8.60%
0 less than Age less than or equal to 12 2,228 97,186,787.60 89.76%
12 less than Age less than or equal to 24 45 1,690,870.73 1.56%
24 less than Age less than or equal to 36 2 45,325.35 0.04%
84 less than Age less than or equal to 96 1 32,641.00 0.03%
- --------------------------------------------------------------------------------------------------
Total............ 2,497 108,269,597.59 100.00%
==================================================================================================
</TABLE>
- --------------------------------------------------------------------------------
This information does not constitute either an offer to sell or a solicitation
of an offer to buy any of the securities referred to herein. Offers to sell and
solicitations of offers to buy the securities are made only by , and this
information must be read in conjunction with, the final Prospectus Supplement
and the related Prospectus or, if not registered under the securities laws, the
final Offering Memorandum (the "Offering Document"). Information contained
herein does not purport to be complete and is subject to the same qualifications
and assumptions, and should be considered by investors only in the light of the
same warnings, lack of assurances and representations and other precautionary
matters, as disclosed in the Offering Document. Information regarding the
underlying assets has been provided by the issuer of the securities or an
affiliate thereof and has not been independently verified by Lehman Brothers
Inc. or any affiliate. The analyses contained herein have been prepared on the
basis of certain assumptions (including, in certain cases, assumptions specified
by the recipient hereof) regarding payments, interest rates, losses and other
matters, including, but not limited to, the assumptions described in the
Offering Document. Lehman Brothers Inc., and any of its affiliates, make no
representation or warranty as to the actual rate or timing of payments on any of
the underlying assets or the payments or yield on the securities. This
information supersedes any prior versions hereof and will be deemed to be
superseded by any subsequent versions (including, with respect to any
description of the securities or underlying assets, the information contained in
the Offering Document).
<PAGE> 74
LEHMAN BROTHERS 14
II. COLLATERAL SUMMARY - FIXED
<TABLE>
<CAPTION>
ORIGINAL LOAN-TO-VALUE RATIOS (HOME EQUITY RATIOS)
Percentage of
Aggregate Cut-Off Date
Original Number of Unpaid Aggregate
Loan-To-Value Mortgage Principal Principal
Ratio Loans Balance Balance
<S> <C> <C> <C>
0.000 less than LTV less than or equal to 5.000 2 35,845.90 0.03
5.000 less than LTV less than or equal to 10.000 65 891,807.32 0.82
10.000 less than LTV less than or equal to 15.000 190 3,418,752.28 3.16
15.000 less than LTV less than or equal to 20.000 282 5,747,893.15 5.31
20.000 less than LTV less than or equal to 25.000 226 5,473,368.61 5.06
25.000 less than LTV less than or equal to 30.000 138 4,089,746.09 3.78
30.000 less than LTV less than or equal to 35.000 114 3,748,080.19 3.46
35.000 less than LTV less than or equal to 40.000 71 2,415,041.34 2.23
40.000 less than LTV less than or equal to 45.000 60 2,328,874.93 2.15
45.000 less than LTV less than or equal to 50.000 64 2,254,934.69 2.08
50.000 less than LTV less than or equal to 55.000 58 2,621,696.25 2.42
55.000 less than LTV less than or equal to 60.000 67 2,995,298.04 2.77
60.000 less than LTV less than or equal to 65.000 105 5,197,011.10 4.80
65.000 less than LTV less than or equal to 70.000 163 8,174,689.42 7.55
70.000 less than LTV less than or equal to 75.000 214 12,434,862.91 11.49
75.000 less than LTV less than or equal to 80.000 365 21,943,738.35 20.27
80.000 less than LTV less than or equal to 85.000 218 15,947,679.81 14.73
85.000 less than LTV less than or equal to 90.000 79 7,153,114.18 6.61
90.000 less than LTV less than or equal to 95.000 16 1,397,163.03 1.29
- -----------------------------------------------------------------------------------------------------
Total.................... 2497 $108,269,597.59 100.00%
=====================================================================================================
</TABLE>
- --------------------------------------------------------------------------------
This information does not constitute either an offer to sell or a solicitation
of an offer to buy any of the securities referred to herein. Offers to sell and
solicitations of offers to buy the securities are made only by , and this
information must be read in conjunction with, the final Prospectus Supplement
and the related Prospectus or, if not registered under the securities laws, the
final Offering Memorandum (the "Offering Document"). Information contained
herein does not purport to be complete and is subject to the same qualifications
and assumptions, and should be considered by investors only in the light of the
same warnings, lack of assurances and representations and other precautionary
matters, as disclosed in the Offering Document. Information regarding the
underlying assets has been provided by the issuer of the securities or an
affiliate thereof and has not been independently verified by Lehman Brothers
Inc. or any affiliate. The analyses contained herein have been prepared on the
basis of certain assumptions (including, in certain cases, assumptions specified
by the recipient hereof) regarding payments, interest rates, losses and other
matters, including, but not limited to, the assumptions described in the
Offering Document. Lehman Brothers Inc., and any of its affiliates, make no
representation or warranty as to the actual rate or timing of payments on any of
the underlying assets or the payments or yield on the securities. This
information supersedes any prior versions hereof and will be deemed to be
superseded by any subsequent versions (including, with respect to any
description of the securities or underlying assets, the information contained in
the Offering Document).
<PAGE> 75
LEHMAN BROTHERS 15
II. COLLATERAL SUMMARY - FIXED
<TABLE>
<CAPTION>
ORIGINAL COMBINED LOAN-TO-VALUE RATIOS
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Original CLTV Ratio Loans Balance Balance
<S> <C> <C> <C>
5.000 less than CLTV less than or equal to 10.000 1 11,374.12 0.01
10.000 less than CLTV less than or equal to 15.000 3 52,332.79 0.05
15.000 less than CLTV less than or equal to 20.000 12 195,464.42 0.18
20.000 less than CLTV less than or equal to 25.000 10 265,924.16 0.25
25.000 less than CLTV less than or equal to 30.000 15 335,145.21 0.31
30.000 less than CLTV less than or equal to 35.000 23 773,957.38 0.71
35.000 less than CLTV less than or equal to 40.000 17 479,329.82 0.44
40.000 less than CLTV less than or equal to 45.000 33 1,186,311.09 1.10
45.000 less than CLTV less than or equal to 50.000 50 1,768,049.84 1.63
50.000 less than CLTV less than or equal to 55.000 58 2,523,946.33 2.33
55.000 less than CLTV less than or equal to 60.000 81 3,385,162.58 3.13
60.000 less than CLTV less than or equal to 65.000 116 5,388,130.53 4.98
65.000 less than CLTV less than or equal to 70.000 202 9,335,744.05 8.62
70.000 less than CLTV less than or equal to 75.000 271 13,989,454.18 12.92
75.000 less than CLTV less than or equal to 80.000 510 25,637,071.75 23.68
80.000 less than CLTV less than or equal to 85.000 445 21,750,627.67 20.09
85.000 less than CLTV less than or equal to 90.000 266 11,830,026.76 10.93
90.000 less than CLTV less than or equal to 95.000 93 3,137,165.67 2.90
95.000 less than CLTV less than or equal to 100.000 291 6,224,379.24 5.75
- ---------------------------------------------------------------------------------------------------------
Total.................... 2,497 $ 108,269,597.59 100.00%
=========================================================================================================
</TABLE>
- --------------------------------------------------------------------------------
This information does not constitute either an offer to sell or a solicitation
of an offer to buy any of the securities referred to herein. Offers to sell and
solicitations of offers to buy the securities are made only by , and this
information must be read in conjunction with, the final Prospectus Supplement
and the related Prospectus or, if not registered under the securities laws, the
final Offering Memorandum (the "Offering Document"). Information contained
herein does not purport to be complete and is subject to the same qualifications
and assumptions, and should be considered by investors only in the light of the
same warnings, lack of assurances and representations and other precautionary
matters, as disclosed in the Offering Document. Information regarding the
underlying assets has been provided by the issuer of the securities or an
affiliate thereof and has not been independently verified by Lehman Brothers
Inc. or any affiliate. The analyses contained herein have been prepared on the
basis of certain assumptions (including, in certain cases, assumptions specified
by the recipient hereof) regarding payments, interest rates, losses and other
matters, including, but not limited to, the assumptions described in the
Offering Document. Lehman Brothers Inc., and any of its affiliates, make no
representation or warranty as to the actual rate or timing of payments on any of
the underlying assets or the payments or yield on the securities. This
information supersedes any prior versions hereof and will be deemed to be
superseded by any subsequent versions (including, with respect to any
description of the securities or underlying assets, the information contained in
the Offering Document).
<PAGE> 76
LEHMAN BROTHERS 16
II. COLLATERAL SUMMARY - FIXED
<TABLE>
<CAPTION>
CURRENT MORTGAGE LOAN AMOUNTS
Percentage of
Aggregate Cut-Off Date
Current Number of Unpaid Aggregate
Mortgage Loan Mortgage Principal Principal
Principal Balance Loans Balance Balance
<S> <C> <C> <C>
0 less than Balance less than or equal to 5,000 2 8,775.67 0.01
5,000 less than Balance less than or equal to 10,000 45 412,647.73 0.38
10,000 less than Balance less than or equal to 15,000 225 2,916,293.70 2.69
15,000 less than Balance less than or equal to 20,000 292 5,238,904.23 4.84
20,000 less than Balance less than or equal to 25,000 273 6,287,639.74 5.81
25,000 less than Balance less than or equal to 30,000 257 7,187,343.12 6.64
30,000 less than Balance less than or equal to 35,000 194 6,397,891.29 5.91
35,000 less than Balance less than or equal to 40,000 175 6,614,535.45 6.11
40,000 less than Balance less than or equal to 45,000 165 7,054,866.37 6.52
45,000 less than Balance less than or equal to 50,000 152 7,265,365.93 6.71
50,000 less than Balance less than or equal to 55,000 111 5,842,583.16 5.40
55,000 less than Balance less than or equal to 60,000 93 5,369,366.83 4.96
60,000 less than Balance less than or equal to 65,000 78 4,891,685.58 4.52
65,000 less than Balance less than or equal to 70,000 74 5,011,084.34 4.63
70,000 less than Balance less than or equal to 75,000 61 4,448,428.17 4.11
75,000 less than Balance less than or equal to 80,000 35 2,712,310.73 2.51
80,000 less than Balance less than or equal to 85,000 40 3,292,544.07 3.04
85,000 less than Balance less than or equal to 90,000 32 2,806,639.42 2.59
90,000 less than Balance less than or equal to 95,000 19 1,753,715.36 1.62
95,000 less than Balance less than or equal to 100,000 30 2,940,230.16 2.72
100,000 less than Balance less than or equal to 105,000 23 2,366,666.58 2.19
105,000 less than Balance less than or equal to 110,000 13 1,394,202.54 1.29
110,000 less than Balance less than or equal to 115,000 18 2,025,894.92 1.87
115,000 less than Balance less than or equal to 120,000 7 813,086.59 0.75
120,000 less than Balance less than or equal to 125,000 8 989,170.97 0.91
125,000 less than Balance less than or equal to 130,000 10 1,281,895.54 1.18
130,000 less than Balance less than or equal to 135,000 6 795,721.66 0.73
135,000 less than Balance less than or equal to 140,000 9 1,242,322.95 1.15
140,000 less than Balance less than or equal to 145,000 6 854,521.60 0.79
145,000 less than Balance less than or equal to 150,000 8 1,184,617.99 1.09
150,000 less than Balance less than or equal to 200,000 27 4,657,568.09 4.30
200,000 less than Balance less than or equal to 250,000 7 1,600,049.37 1.48
250,000 less than Balance less than or equal to 300,000 1 284,885.51 0.26
300,000 less than Balance less than or equal to 350,000 1 326,142.23 0.30
- -------------------------------------------------------------------------------------------------------
Total.................... 2497 $108,269,597.59 100.00%
=======================================================================================================
</TABLE>
- --------------------------------------------------------------------------------
This information does not constitute either an offer to sell or a solicitation
of an offer to buy any of the securities referred to herein. Offers to sell and
solicitations of offers to buy the securities are made only by , and this
information must be read in conjunction with, the final Prospectus Supplement
and the related Prospectus or, if not registered under the securities laws, the
final Offering Memorandum (the "Offering Document"). Information contained
herein does not purport to be complete and is subject to the same qualifications
and assumptions, and should be considered by investors only in the light of the
same warnings, lack of assurances and representations and other precautionary
matters, as disclosed in the Offering Document. Information regarding the
underlying assets has been provided by the issuer of the securities or an
affiliate thereof and has not been independently verified by Lehman Brothers
Inc. or any affiliate. The analyses contained herein have been prepared on the
basis of certain assumptions (including, in certain cases, assumptions specified
by the recipient hereof) regarding payments, interest rates, losses and other
matters, including, but not limited to, the assumptions described in the
Offering Document. Lehman Brothers Inc., and any of its affiliates, make no
representation or warranty as to the actual rate or timing of payments on any of
the underlying assets or the payments or yield on the securities. This
information supersedes any prior versions hereof and will be deemed to be
superseded by any subsequent versions (including, with respect to any
description of the securities or underlying assets, the information contained in
the Offering Document).
<PAGE> 77
LEHMAN BROTHERS 17
II. COLLATERAL SUMMARY - FIXED
GEOGRAPHICAL DISTRIBUTION OF MORTGAGED PROPERTIES
<TABLE>
<CAPTION>
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
State Loans Balance Balance
<S> <C> <C> <C>
AK 2 98,741.79 0.09
AL 1 25,444.38 0.02
AR 31 1,312,749.93 1.21
AZ 22 782,214.56 0.72
CA 91 5,032,903.19 4.65
CO 116 5,018,596.92 4.64
CT 1 34,467.86 0.03
DC 7 656,923.38 0.61
DE 2 110,288.92 0.10
FL 348 15,630,782.48 14.44
GA 81 3,572,748.53 3.30
HI 1 99,790.19 0.09
IA 31 1,690,367.34 1.56
ID 13 584,044.72 0.54
IL 72 3,351,253.78 3.10
IN 82 3,190,854.90 2.95
KS 17 731,944.58 0.68
KY 106 4,291,928.81 3.96
LA 327 11,648,716.28 10.76
MA 3 81,196.95 0.07
MD 32 1,453,073.36 1.34
ME 1 12,650.00 0.01
MI 120 6,130,051.62 5.66
MN 13 939,257.72 0.87
MO 24 1,032,988.90 0.95
MS 116 4,475,100.69 4.13
MT 2 64,958.48 0.06
NC 98 3,979,997.37 3.68
ND 1 36,406.85 0.03
NE 1 35,959.77 0.03
NH 2 179,706.13 0.17
NJ 11 949,434.46 0.88
NM 2 176,340.83 0.16
NV 10 384,009.49 0.35
NY 7 718,651.37 0.66
OH 353 13,516,171.14 12.48
OK 13 407,308.08 0.38
OR 5 221,663.37 0.20
PA 70 3,429,449.09 3.17
SC 59 2,410,548.27 2.23
TN 110 4,972,907.61 4.59
TX 17 1,005,841.39 0.93
UT 24 1,214,778.68 1.12
VA 15 755,688.05 0.70
VT 2 147,149.14 0.14
</TABLE>
- --------------------------------------------------------------------------------
This information does not constitute either an offer to sell or a solicitation
of an offer to buy any of the securities referred to herein. Offers to sell and
solicitations of offers to buy the securities are made only by , and this
information must be read in conjunction with, the final Prospectus Supplement
and the related Prospectus or, if not registered under the securities laws, the
final Offering Memorandum (the "Offering Document"). Information contained
herein does not purport to be complete and is subject to the same qualifications
and assumptions, and should be considered by investors only in the light of the
same warnings, lack of assurances and representations and other precautionary
matters, as disclosed in the Offering Document. Information regarding the
underlying assets has been provided by the issuer of the securities or an
affiliate thereof and has not been independently verified by Lehman Brothers
Inc. or any affiliate. The analyses contained herein have been prepared on the
basis of certain assumptions (including, in certain cases, assumptions specified
by the recipient hereof) regarding payments, interest rates, losses and other
matters, including, but not limited to, the assumptions described in the
Offering Document. Lehman Brothers Inc., and any of its affiliates, make no
representation or warranty as to the actual rate or timing of payments on any of
the underlying assets or the payments or yield on the securities. This
information supersedes any prior versions hereof and will be deemed to be
superseded by any subsequent versions (including, with respect to any
description of the securities or underlying assets, the information contained in
the Offering Document).
<PAGE> 78
LEHMAN BROTHERS 18
II. COLLATERAL SUMMARY - FIXED
<TABLE>
<CAPTION>
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
State Loans Balance Balance
<S> <C> <C> <C>
WA 9 723,583.71 0.67
WI 20 679,073.47 0.63
WV 4 168,666.81 0.16
WY 2 102,222.25 0.09
- --------------------------------------------------------------------------
Total............... 2497 $108,269,597.59 100.00%
==========================================================================
</TABLE>
LIEN SUMMARY
<TABLE>
<CAPTION>
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Loans Balance Balance
<S> <C> <C> <C>
1 1425 81,931,107.70 75.67
2 1072 26,338,489.89 24.33
- --------------------------------------------------------------------------
Total............... 2497 $108,269,597.59 100.00%
==========================================================================
</TABLE>
LOAN SUMMARY STRATIFIED BY AMORTIZATION
<TABLE>
<CAPTION>
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
AMORTIZATION Loans Balance Balance
<S> <C> <C> <C>
Fully Amortizing 2048 77,925,770.74 71.97
Partially Amortizing 449 30,343,826.85 28.03
- --------------------------------------------------------------------------
Total.................. 2497 $108,269,597.59 100.00%
==========================================================================
</TABLE>
- --------------------------------------------------------------------------------
This information does not constitute either an offer to sell or a solicitation
of an offer to buy any of the securities referred to herein. Offers to sell and
solicitations of offers to buy the securities are made only by , and this
information must be read in conjunction with, the final Prospectus Supplement
and the related Prospectus or, if not registered under the securities laws, the
final Offering Memorandum (the "Offering Document"). Information contained
herein does not purport to be complete and is subject to the same qualifications
and assumptions, and should be considered by investors only in the light of the
same warnings, lack of assurances and representations and other precautionary
matters, as disclosed in the Offering Document. Information regarding the
underlying assets has been provided by the issuer of the securities or an
affiliate thereof and has not been independently verified by Lehman Brothers
Inc. or any affiliate. The analyses contained herein have been prepared on the
basis of certain assumptions (including, in certain cases, assumptions specified
by the recipient hereof) regarding payments, interest rates, losses and other
matters, including, but not limited to, the assumptions described in the
Offering Document. Lehman Brothers Inc., and any of its affiliates, make no
representation or warranty as to the actual rate or timing of payments on any of
the underlying assets or the payments or yield on the securities. This
information supersedes any prior versions hereof and will be deemed to be
superseded by any subsequent versions (including, with respect to any
description of the securities or underlying assets, the information contained in
the Offering Document).
<PAGE> 79
LEHMAN BROTHERS 19
II. COLLATERAL SUMMARY - FIXED
PROPERTY TYPE
<TABLE>
<CAPTION>
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Property Type Loans Balance Balance
<S> <C> <C> <C>
Single Family Residence 2406 103,385,775.84 95.49
2 to 4 Family Residence 46 2,730,521.60 2.52
Condo 14 733,868.28 0.68
Manufactured Housing 9 251,602.09 0.23
Multiple Properties 3 274,618.27 0.25
Townhouse 18 777,757.34 0.72
Other 1 115,454.17 0.11
- --------------------------------------------------------------------------
Total............... 2497 $108,269,597.59 100.00%
==========================================================================
</TABLE>
- --------------------------------------------------------------------------------
This information does not constitute either an offer to sell or a solicitation
of an offer to buy any of the securities referred to herein. Offers to sell and
solicitations of offers to buy the securities are made only by , and this
information must be read in conjunction with, the final Prospectus Supplement
and the related Prospectus or, if not registered under the securities laws, the
final Offering Memorandum (the "Offering Document"). Information contained
herein does not purport to be complete and is subject to the same qualifications
and assumptions, and should be considered by investors only in the light of the
same warnings, lack of assurances and representations and other precautionary
matters, as disclosed in the Offering Document. Information regarding the
underlying assets has been provided by the issuer of the securities or an
affiliate thereof and has not been independently verified by Lehman Brothers
Inc. or any affiliate. The analyses contained herein have been prepared on the
basis of certain assumptions (including, in certain cases, assumptions specified
by the recipient hereof) regarding payments, interest rates, losses and other
matters, including, but not limited to, the assumptions described in the
Offering Document. Lehman Brothers Inc., and any of its affiliates, make no
representation or warranty as to the actual rate or timing of payments on any of
the underlying assets or the payments or yield on the securities. This
information supersedes any prior versions hereof and will be deemed to be
superseded by any subsequent versions (including, with respect to any
description of the securities or underlying assets, the information contained in
the Offering Document).
<PAGE> 80
LEHMAN BROTHERS 20
II. COLLATERAL SUMMARY
ARMS COLLATERAL SUMMARY
<TABLE>
<CAPTION>
<S> <C>
Number of Mortgage Loans: 275
Lien Status: First Lien Loans
Index: 6 Month LIBOR
Aggregate Unpaid Principal Balance: $25,597,378.81
Aggregate Original Principal Balance: $25,640,325.00
Weighted Average Coupon (Gross): 9.711%
Gross Coupon Range: 6.650% - 14.490%
Weighted Average Margin (Gross): 6.666%
Gross Margin Range: 1.000% - 11.000%
Weighted Average Life Cap (Gross): 15.830%
Gross Life Cap Range: 12.500% - 20.490%
Weighted Average Life Floor (Gross): 9.585%
Gross Life Floor Range: 6.500% - 14.150%
- --------------------------------------------------------------------------------
Average Unpaid Principal Balance: $93,081.38
Average Original Principal Balance: $93,237.55
Maximum Unpaid Principal Balance: $213,737.01
Minimum Unpaid Principal Balance: $14,954.35
Maximum Original Principal Balance: $214,000.00
Minimum Original Principal Balance: $15,000.00
Weighted Avg. Stated Rem. Term (PTD to Mat/Bln Date): 194.579
Stated Rem Term Range: 75.000 - 360.000
Weighted Average Age (First Pay thru Paid Thru): 3.166
Age Range: 0.000 - 18.000
Weighted Average Original Term(to Mat/Bln Date): 197.745
Original Term Range: 83.000 - 360.000
Weighted Average Original LTV (Home Equity Ratio): 80.348
Original LTV Range: 15.000% - 95.000%
Weighted Average Periodic Interest Cap: 1.035%
Periodic Interest Cap Range: 1.000% - 3.000%
Weighted Average Months to Interest Roll: 4.113
Months to Interest Roll Range: 1 - 23
Weighted Average Interest Roll Frequency: 6.000
Interest Frequency Range: 6 - 6
- --------------------------------------------------------------------------------
</TABLE>
- --------------------------------------------------------------------------------
This information does not constitute either an offer to sell or a solicitation
of an offer to buy any of the securities referred to herein. Offers to sell and
solicitations of offers to buy the securities are made only by , and this
information must be read in conjunction with, the final Prospectus Supplement
and the related Prospectus or, if not registered under the securities laws, the
final Offering Memorandum (the "Offering Document"). Information contained
herein does not purport to be complete and is subject to the same qualifications
and assumptions, and should be considered by investors only in the light of the
same warnings, lack of assurances and representations and other precautionary
matters, as disclosed in the Offering Document. Information regarding the
underlying assets has been provided by the issuer of the securities or an
affiliate thereof and has not been independently verified by Lehman Brothers
Inc. or any affiliate. The analyses contained herein have been prepared on the
basis of certain assumptions (including, in certain cases, assumptions specified
by the recipient hereof) regarding payments, interest rates, losses and other
matters, including, but not limited to, the assumptions described in the
Offering Document. Lehman Brothers Inc., and any of its affiliates, make no
representation or warranty as to the actual rate or timing of payments on any of
the underlying assets or the payments or yield on the securities. This
information supersedes any prior versions hereof and will be deemed to be
superseded by any subsequent versions (including, with respect to any
description of the securities or underlying assets, the information contained in
the Offering Document).
<PAGE> 81
LEHMAN BROTHERS 21
II. COLLATERAL SUMMARY - ARMS
<TABLE>
<CAPTION>
GROSS MORTGAGE INTEREST RATE RANGE
Percentage of
Aggregate Cut-Off Date
Gross Mortgage Number of Unpaid Aggregate
Interest Rate Mortgage Principal Principal
Range Loans Balance Balance
<S> <C> <C> <C>
6.50% less than Gross Coupon less than or equal to 7.00% 4 402,083.83 1.57
7.00% less than Gross Coupon less than or equal to 7.50% 11 902,925.69 3.53
7.50% less than Gross Coupon less than or equal to 7.75% 2 232,085.04 0.91
7.75% less than Gross Coupon less than or equal to 8.00% 11 880,314.04 3.44
8.00% less than Gross Coupon less than or equal to 8.25% 8 876,353.21 3.42
8.25% less than Gross Coupon less than or equal to 8.50% 24 2,299,591.24 8.98
8.50% less than Gross Coupon less than or equal to 8.75% 26 2,770,264.39 10.82
8.75% less than Gross Coupon less than or equal to 9.00% 25 2,332,008.85 9.11
9.00% less than Gross Coupon less than or equal to 9.25% 13 1,316,584.19 5.14
9.25% less than Gross Coupon less than or equal to 9.50% 19 1,759,267.95 6.87
9.50% less than Gross Coupon less than or equal to 9.75% 14 1,363,944.46 5.33
9.75% less than Gross Coupon less than or equal to 10.00% 20 1,602,374.28 6.26
10.00% less than Gross Coupon less than or equal to 10.25% 10 857,090.83 3.35
10.25% less than Gross Coupon less than or equal to 10.50% 13 1,076,802.48 4.21
10.50% less than Gross Coupon less than or equal to 10.75% 12 1,141,279.99 4.46
10.75% less than Gross Coupon less than or equal to 11.00% 16 1,349,042.26 5.27
11.00% less than Gross Coupon less than or equal to 11.25% 3 376,380.37 1.47
11.25% less than Gross Coupon less than or equal to 11.50% 14 1,384,372.38 5.41
11.50% less than Gross Coupon less than or equal to 11.75% 2 182,315.06 0.71
11.75% less than Gross Coupon less than or equal to 12.00% 6 430,041.15 1.68
12.00% less than Gross Coupon less than or equal to 12.25% 4 260,243.78 1.02
12.25% less than Gross Coupon less than or equal to 12.50% 5 305,475.75 1.19
12.50% less than Gross Coupon less than or equal to 12.75% 2 188,917.70 0.74
12.75% less than Gross Coupon less than or equal to 13.00% 1 34,276.16 0.13
13.00% less than Gross Coupon less than or equal to 13.25% 1 141,007.48 0.55
13.25% less than Gross Coupon less than or equal to 13.50% 2 287,477.50 1.12
13.50% less than Gross Coupon less than or equal to 13.75% 3 452,012.80 1.77
13.75% less than Gross Coupon less than or equal to 14.00% 2 176,606.28 0.69
14.00% less than Gross Coupon less than or equal to 14.25% 1 131,881.10 0.52
14.25% less than Gross Coupon less than or equal to 14.50% 1 84,358.57 0.33
- ------------------------------------------------------------------------------------------------------------
Total.......... 275 $ 25,597,378.81 100.00%
============================================================================================================
</TABLE>
- --------------------------------------------------------------------------------
This information does not constitute either an offer to sell or a solicitation
of an offer to buy any of the securities referred to herein. Offers to sell and
solicitations of offers to buy the securities are made only by , and this
information must be read in conjunction with, the final Prospectus Supplement
and the related Prospectus or, if not registered under the securities laws, the
final Offering Memorandum (the "Offering Document"). Information contained
herein does not purport to be complete and is subject to the same qualifications
and assumptions, and should be considered by investors only in the light of the
same warnings, lack of assurances and representations and other precautionary
matters, as disclosed in the Offering Document. Information regarding the
underlying assets has been provided by the issuer of the securities or an
affiliate thereof and has not been independently verified by Lehman Brothers
Inc. or any affiliate. The analyses contained herein have been prepared on the
basis of certain assumptions (including, in certain cases, assumptions specified
by the recipient hereof) regarding payments, interest rates, losses and other
matters, including, but not limited to, the assumptions described in the
Offering Document. Lehman Brothers Inc., and any of its affiliates, make no
representation or warranty as to the actual rate or timing of payments on any of
the underlying assets or the payments or yield on the securities. This
information supersedes any prior versions hereof and will be deemed to be
superseded by any subsequent versions (including, with respect to any
description of the securities or underlying assets, the information contained in
the Offering Document).
<PAGE> 82
LEHMAN BROTHERS 22
II. COLLATERAL SUMMARY - ARMs
<TABLE>
<CAPTION>
REMAINING MONTHS TO STATED MATURITY
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Remaining Term Loans Balance Balance
<S> <C> <C> <C>
72 less than Rem Term less than or equal to 84 122 12,115,452.75 47.33%
108 less than Rem Term less than or equal to 120 29 2,678,394.69 10.46%
168 less than Rem Term less than or equal to 180 11 840,698.59 3.28%
336 less than Rem Term less than or equal to 348 2 245,792.86 0.96%
348 less than Rem Term less than or equal to 360 111 9,717,039.92 37.96%
- ----------------------------------------------------------------------------------------------------
Total............ 275 25,597,378.81 100.00%
====================================================================================================
</TABLE>
<TABLE>
<CAPTION>
AGE OF LOAN
PercentAge of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
MortgAge Principal Principal
Age Loans Balance Balance
<S> <C> <C> <C>
Age equals 0 34 3,575,916.00 13.97%
0 less than Age less than or equal to 12 239 21,775,669.95 85.07%
12 less than Age less than or equal to 24 2 245,792.86 0.96%
- --------------------------------------------------------------------------------------------------
Total............ 275 25,597,378.81 100.00%
==================================================================================================
</TABLE>
- --------------------------------------------------------------------------------
This information does not constitute either an offer to sell or a solicitation
of an offer to buy any of the securities referred to herein. Offers to sell and
solicitations of offers to buy the securities are made only by , and this
information must be read in conjunction with, the final Prospectus Supplement
and the related Prospectus or, if not registered under the securities laws, the
final Offering Memorandum (the "Offering Document"). Information contained
herein does not purport to be complete and is subject to the same qualifications
and assumptions, and should be considered by investors only in the light of the
same warnings, lack of assurances and representations and other precautionary
matters, as disclosed in the Offering Document. Information regarding the
underlying assets has been provided by the issuer of the securities or an
affiliate thereof and has not been independently verified by Lehman Brothers
Inc. or any affiliate. The analyses contained herein have been prepared on the
basis of certain assumptions (including, in certain cases, assumptions specified
by the recipient hereof) regarding payments, interest rates, losses and other
matters, including, but not limited to, the assumptions described in the
Offering Document. Lehman Brothers Inc., and any of its affiliates, make no
representation or warranty as to the actual rate or timing of payments on any of
the underlying assets or the payments or yield on the securities. This
information supersedes any prior versions hereof and will be deemed to be
superseded by any subsequent versions (including, with respect to any
description of the securities or underlying assets, the information contained in
the Offering Document).
<PAGE> 83
LEHMAN BROTHERS 23
II. COLLATERAL SUMMARY - ARMs
<TABLE>
<CAPTION>
ORIGINAL LOAN-TO-VALUE RATIOS (HOME EQUITY RATIOS)
Percentage of
Aggregate Cut-Off Date
Original Number of Unpaid Aggregate
Loan-To-Value Mortgage Principal Principal
Ratio Loans Balance Balance
<S> <C> <C> <C>
10.000 less than LTV less than or equal to 15.000 1 14,954.35 0.06
15.000 less than LTV less than or equal to 20.000 1 39,909.73 0.16
25.000 less than LTV less than or equal to 30.000 1 104,799.54 0.41
30.000 less than LTV less than or equal to 35.000 1 49,901.17 0.19
35.000 less than LTV less than or equal to 40.000 2 56,261.59 0.22
40.000 less than LTV less than or equal to 45.000 1 104,962.15 0.41
45.000 less than LTV less than or equal to 50.000 1 35,383.60 0.14
50.000 less than LTV less than or equal to 55.000 1 54,918.18 0.21
55.000 less than LTV less than or equal to 60.000 6 449,880.52 1.76
60.000 less than LTV less than or equal to 65.000 8 672,360.84 2.63
65.000 less than LTV less than or equal to 70.000 18 1,316,494.40 5.14
70.000 less than LTV less than or equal to 75.000 48 4,505,197.71 17.60
75.000 less than LTV less than or equal to 80.000 61 5,616,346.81 21.94
80.000 less than LTV less than or equal to 85.000 74 6,744,034.52 26.35
85.000 less than LTV less than or equal to 90.000 43 4,705,109.07 18.38
90.000 less than LTV less than or equal to 95.000 8 1,126,864.63 4.40
- -----------------------------------------------------------------------------------------------------
Total.................... 275 $ 25,597,378.81 100.00%
=====================================================================================================
</TABLE>
<TABLE>
<CAPTION>
DISTRIBUTION OF
MARGINS
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Gross Mortgage Principal Principal
Margin Loans Balance Balance
<S> <C> <C> <C>
0.500 less than Margin less than or equal to 1.000 1 51,891.71 0.20
2.500 less than Margin less than or equal to 3.000 1 143,426.73 0.56
3.500 less than Margin less than or equal to 4.000 2 182,612.52 0.71
4.000 less than Margin less than or equal to 4.500 8 846,616.31 3.31
4.500 less than Margin less than or equal to 5.000 15 1,252,449.07 4.89
5.000 less than Margin less than or equal to 5.500 35 2,996,786.37 11.71
5.500 less than Margin less than or equal to 6.000 38 3,754,765.48 14.67
6.000 less than Margin less than or equal to 6.500 49 4,788,122.76 18.71
6.500 less than Margin less than or equal to 7.000 35 3,043,327.81 11.89
7.000 less than Margin less than or equal to 7.500 29 2,536,858.63 9.91
7.500 less than Margin less than or equal to 8.000 19 1,697,399.66 6.63
8.000 less than Margin less than or equal to 8.500 18 1,722,485.51 6.73
8.500 less than Margin less than or equal to 9.000 8 696,397.91 2.72
9.000 less than Margin less than or equal to 9.500 7 537,382.92 2.10
9.500 less than Margin less than or equal to 10.000 3 350,541.07 1.37
10.000 less than Margin less than or equal to 10.500 1 141,007.48 0.55
10.500 less than Margin less than or equal to 11.000 6 855,306.87 3.34
- ----------------------------------------------------------------------------------------------------
Total................. 275 $ 25,597,378.81 100.00%
====================================================================================================
</TABLE>
- --------------------------------------------------------------------------------
This information does not constitute either an offer to sell or a solicitation
of an offer to buy any of the securities referred to herein. Offers to sell and
solicitations of offers to buy the securities are made only by , and this
information must be read in conjunction with, the final Prospectus Supplement
and the related Prospectus or, if not registered under the securities laws, the
final Offering Memorandum (the "Offering Document"). Information contained
herein does not purport to be complete and is subject to the same qualifications
and assumptions, and should be considered by investors only in the light of the
same warnings, lack of assurances and representations and other precautionary
matters, as disclosed in the Offering Document. Information regarding the
underlying assets has been provided by the issuer of the securities or an
affiliate thereof and has not been independently verified by Lehman Brothers
Inc. or any affiliate. The analyses contained herein have been prepared on the
basis of certain assumptions (including, in certain cases, assumptions specified
by the recipient hereof) regarding payments, interest rates, losses and other
matters, including, but not limited to, the assumptions described in the
Offering Document. Lehman Brothers Inc., and any of its affiliates, make no
representation or warranty as to the actual rate or timing of payments on any of
the underlying assets or the payments or yield on the securities. This
information supersedes any prior versions hereof and will be deemed to be
superseded by any subsequent versions (including, with respect to any
description of the securities or underlying assets, the information contained in
the Offering Document).
<PAGE> 84
LEHMAN BROTHERS 24
II. COLLATERAL SUMMARY - ARMs
<TABLE>
<CAPTION>
LOAN SUMMARY STRATIFIED BY
LIFE CAP
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Gross Mortgage Principal Principal
Life Cap Loans Balance Balance
<S> <C> <C> <C>
12.000 less than LIFE CAP less than or equal to 12.500 1 143,426.73 0.56
12.500 less than LIFE CAP less than or equal to 13.000 4 402,083.83 1.57
13.000 less than LIFE CAP less than or equal to 13.500 10 771,476.82 3.01
13.500 less than LIFE CAP less than or equal to 14.000 12 1,022,755.84 4.00
14.000 less than LIFE CAP less than or equal to 14.500 28 2,723,257.57 10.64
14.500 less than LIFE CAP less than or equal to 15.000 52 5,253,056.34 20.52
15.000 less than LIFE CAP less than or equal to 15.500 30 2,833,054.14 11.07
15.500 less than LIFE CAP less than or equal to 16.000 32 2,820,603.02 11.02
16.000 less than LIFE CAP less than or equal to 16.500 24 2,138,482.49 8.35
16.500 less than LIFE CAP less than or equal to 17.000 21 1,802,834.21 7.04
17.000 less than LIFE CAP less than or equal to 17.500 24 2,313,579.42 9.04
17.500 less than LIFE CAP less than or equal to 18.000 12 881,230.16 3.44
18.000 less than LIFE CAP less than or equal to 18.500 6 286,735.96 1.12
18.500 less than LIFE CAP less than or equal to 19.000 6 680,241.45 2.66
19.000 less than LIFE CAP less than or equal to 19.500 4 483,909.91 1.89
19.500 less than LIFE CAP less than or equal to 20.000 6 741,911.25 2.90
20.000 less than LIFE CAP less than or equal to 20.500 3 298,739.67 1.17
- ----------------------------------------------------------------------------------------------------------
Total................. 275 $25,597,378.81 100.00%
==========================================================================================================
</TABLE>
- --------------------------------------------------------------------------------
This information does not constitute either an offer to sell or a solicitation
of an offer to buy any of the securities referred to herein. Offers to sell and
solicitations of offers to buy the securities are made only by , and this
information must be read in conjunction with, the final Prospectus Supplement
and the related Prospectus or, if not registered under the securities laws, the
final Offering Memorandum (the "Offering Document"). Information contained
herein does not purport to be complete and is subject to the same qualifications
and assumptions, and should be considered by investors only in the light of the
same warnings, lack of assurances and representations and other precautionary
matters, as disclosed in the Offering Document. Information regarding the
underlying assets has been provided by the issuer of the securities or an
affiliate thereof and has not been independently verified by Lehman Brothers
Inc. or any affiliate. The analyses contained herein have been prepared on the
basis of certain assumptions (including, in certain cases, assumptions specified
by the recipient hereof) regarding payments, interest rates, losses and other
matters, including, but not limited to, the assumptions described in the
Offering Document. Lehman Brothers Inc., and any of its affiliates, make no
representation or warranty as to the actual rate or timing of payments on any of
the underlying assets or the payments or yield on the securities. This
information supersedes any prior versions hereof and will be deemed to be
superseded by any subsequent versions (including, with respect to any
description of the securities or underlying assets, the information contained in
the Offering Document).
<PAGE> 85
LEHMAN BROTHERS 25
II. COLLATERAL SUMMARY - ARMs
<TABLE>
<CAPTION>
LOAN SUMMARY STRATIFIED BY
LIFE FLOOR
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Gross Mortgage Principal Principal
Life Floor Loans Balance Balance
<S> <C> <C> <C>
6.000 less than Life Floor less than or equal to 6.500 1 143,426.73 0.56
6.500 less than Life Floor less than or equal to 7.000 4 402,083.83 1.57
7.000 less than Life Floor less than or equal to 7.500 11 902,925.69 3.53
7.500 less than Life Floor less than or equal to 8.000 14 1,211,226.53 4.73
8.000 less than Life Floor less than or equal to 8.500 31 3,032,517.72 11.85
8.500 less than Life Floor less than or equal to 9.000 56 5,586,058.90 21.82
9.000 less than Life Floor less than or equal to 9.500 36 3,352,312.00 13.10
9.500 less than Life Floor less than or equal to 10.000 34 3,029,302.85 11.83
10.000 less than Life Floor less than or equal to 10.500 23 2,119,249.53 8.28
10.500 less than Life Floor less than or equal to 11.000 24 2,003,682.45 7.83
11.000 less than Life Floor less than or equal to 11.500 21 1,829,465.22 7.15
11.500 less than Life Floor less than or equal to 12.000 7 508,015.09 1.98
12.000 less than Life Floor less than or equal to 12.500 1 35,190.98 0.14
12.500 less than Life Floor less than or equal to 13.000 3 229,367.27 0.90
13.000 less than Life Floor less than or equal to 13.500 4 512,843.55 2.00
13.500 less than Life Floor less than or equal to 14.000 4 567,829.37 2.22
14.000 less than Life Floor less than or equal to 14.500 1 131,881.10 0.52
- ----------------------------------------------------------------------------------------------------
Total................. 275 $25,597,378.81 100.00%
====================================================================================================
</TABLE>
<TABLE>
<CAPTION>
NEXT INTEREST ROLLDATE DATE
Percentage
of Cut-Off
Aggregate Date
Next Number of Unpaid Aggregate
Roll Mortgage Principal Principal
Date Loans Balance Balance
<S> <C> <C> <C>
09/01/97 25 $2,233,880.83 08.73
10/01/97 26 $2,515,904.25 09.83
11/01/97 46 $4,124,483.24 16.11
12/01/97 57 $5,049,299.11 19.73
01/01/98 76 $7,213,578.62 28.18
02/01/98 39 $3,960,531.31 15.47
03/01/98 5 $367,820.35 01.44
07/01/99 1 $131,881.10 00.52
- --------------------------------------------------------------------------
Total........ 275 $25,597,378.81 100.00%
==========================================================================
</TABLE>
- --------------------------------------------------------------------------------
This information does not constitute either an offer to sell or a solicitation
of an offer to buy any of the securities referred to herein. Offers to sell and
solicitations of offers to buy the securities are made only by , and this
information must be read in conjunction with, the final Prospectus Supplement
and the related Prospectus or, if not registered under the securities laws, the
final Offering Memorandum (the "Offering Document"). Information contained
herein does not purport to be complete and is subject to the same qualifications
and assumptions, and should be considered by investors only in the light of the
same warnings, lack of assurances and representations and other precautionary
matters, as disclosed in the Offering Document. Information regarding the
underlying assets has been provided by the issuer of the securities or an
affiliate thereof and has not been independently verified by Lehman Brothers
Inc. or any affiliate. The analyses contained herein have been prepared on the
basis of certain assumptions (including, in certain cases, assumptions specified
by the recipient hereof) regarding payments, interest rates, losses and other
matters, including, but not limited to, the assumptions described in the
Offering Document. Lehman Brothers Inc., and any of its affiliates, make no
representation or warranty as to the actual rate or timing of payments on any of
the underlying assets or the payments or yield on the securities. This
information supersedes any prior versions hereof and will be deemed to be
superseded by any subsequent versions (including, with respect to any
description of the securities or underlying assets, the information contained in
the Offering Document).
<PAGE> 86
LEHMAN BROTHERS 26
II. COLLATERAL SUMMARY - ARMs
<TABLE>
<CAPTION>
LOAN SUMMARY STRATIFIED BY
PERIODIC CAP
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Periodic Mortgage Principal Principal
Cap Loans Balance Balance
<S> <C> <C> <C>
1.000 264 24,877,651.25 97.19
1.500 7 359,373.60 1.40
3.000 4 360,353.96 1.41
- --------------------------------------------------------------------------
Total................. 275 $ 25,597,378.81 100.00%
==========================================================================
</TABLE>
<TABLE>
<CAPTION>
CURRENT MORTGAGE LOAN AMOUNTS
Percentage of
Aggregate Cut-Off Date
Current Number of Unpaid Aggregate
Mortgage Loan Mortgage Principal Principal
Principal Balance Loans Balance Balance
<S> <C> <C> <C>
10,000 less than Balance less than or equal to 15,000 1 14,954.35 0.06
25,000 less than Balance less than or equal to 30,000 4 110,210.06 0.43
30,000 less than Balance less than or equal to 35,000 5 172,610.08 0.67
35,000 less than Balance less than or equal to 40,000 5 188,109.07 0.73
40,000 less than Balance less than or equal to 45,000 5 219,981.74 0.86
45,000 less than Balance less than or equal to 50,000 10 483,434.23 1.89
50,000 less than Balance less than or equal to 55,000 22 1,161,061.87 4.54
55,000 less than Balance less than or equal to 60,000 18 1,042,168.10 4.07
60,000 less than Balance less than or equal to 65,000 14 881,456.69 3.44
65,000 less than Balance less than or equal to 70,000 16 1,077,580.86 4.21
70,000 less than Balance less than or equal to 75,000 13 942,006.43 3.68
75,000 less than Balance less than or equal to 80,000 12 926,147.26 3.62
80,000 less than Balance less than or equal to 85,000 15 1,242,202.92 4.85
85,000 less than Balance less than or equal to 90,000 9 796,626.99 3.11
90,000 less than Balance less than or equal to 95,000 9 835,580.82 3.26
95,000 less than Balance less than or equal to 100,000 11 1,076,546.00 4.21
100,000 less than Balance less than or equal to 105,000 11 1,136,992.57 4.44
105,000 less than Balance less than or equal to 110,000 9 968,141.74 3.78
110,000 less than Balance less than or equal to 115,000 8 901,378.27 3.52
115,000 less than Balance less than or equal to 120,000 10 1,177,170.80 4.60
120,000 less than Balance less than or equal to 125,000 5 617,668.08 2.41
125,000 less than Balance less than or equal to 130,000 5 636,923.10 2.49
130,000 less than Balance less than or equal to 135,000 14 1,853,499.53 7.24
135,000 less than Balance less than or equal to 140,000 4 549,768.68 2.15
140,000 less than Balance less than or equal to 145,000 9 1,287,236.27 5.03
145,000 less than Balance less than or equal to 150,000 2 293,800.65 1.15
150,000 less than Balance less than or equal to 200,000 26 4,378,948.02 17.11
200,000 less than Balance less than or equal to 250,000 3 625,173.63 2.44
- ------------------------------------------------------------------------------------------------------
Total.................... 275 $25,597,378.81 100.00%
======================================================================================================
</TABLE>
- --------------------------------------------------------------------------------
This information does not constitute either an offer to sell or a solicitation
of an offer to buy any of the securities referred to herein. Offers to sell and
solicitations of offers to buy the securities are made only by , and this
information must be read in conjunction with, the final Prospectus Supplement
and the related Prospectus or, if not registered under the securities laws, the
final Offering Memorandum (the "Offering Document"). Information contained
herein does not purport to be complete and is subject to the same qualifications
and assumptions, and should be considered by investors only in the light of the
same warnings, lack of assurances and representations and other precautionary
matters, as disclosed in the Offering Document. Information regarding the
underlying assets has been provided by the issuer of the securities or an
affiliate thereof and has not been independently verified by Lehman Brothers
Inc. or any affiliate. The analyses contained herein have been prepared on the
basis of certain assumptions (including, in certain cases, assumptions specified
by the recipient hereof) regarding payments, interest rates, losses and other
matters, including, but not limited to, the assumptions described in the
Offering Document. Lehman Brothers Inc., and any of its affiliates, make no
representation or warranty as to the actual rate or timing of payments on any of
the underlying assets or the payments or yield on the securities. This
information supersedes any prior versions hereof and will be deemed to be
superseded by any subsequent versions (including, with respect to any
description of the securities or underlying assets, the information contained in
the Offering Document).
<PAGE> 87
LEHMAN BROTHERS 27
II. COLLATERAL SUMMARY - ARMs
GEOGRAPHICAL DISTRIBUTION OF MORTGAGED PROPERTIES
<TABLE>
<CAPTION>
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
State Loans Balance Balance
<S> <C> <C> <C>
CA 15 2,205,906.08 8.62
CO 36 3,268,525.62 12.77
FL 10 1,195,245.08 4.67
IL 10 695,158.01 2.72
IN 7 530,868.07 2.07
KS 1 109,594.91 0.43
KY 15 1,143,023.90 4.47
LA 3 296,991.32 1.16
MD 1 170,196.60 0.66
ME 1 113,850.00 0.44
MI 81 7,897,861.64 30.85
MN 1 58,580.50 0.23
MO 2 78,784.04 0.31
NC 3 373,353.50 1.46
NH 1 85,000.00 0.33
NV 5 588,471.80 2.30
NY 1 167,153.76 0.65
OH 52 3,994,244.21 15.60
OK 1 51,891.71 0.20
OR 1 131,000.00 0.51
PA 3 218,475.82 0.85
SC 5 423,136.88 1.65
TN 4 578,594.86 2.26
TX 5 319,685.76 1.25
UT 3 341,132.11 1.33
VA 1 77,813.76 0.30
VT 1 52,203.52 0.20
WA 1 131,448.87 0.51
WI 4 253,393.36 0.99
WV 1 45,793.12 0.18
- --------------------------------------------------------------------------
Total............... 275 $ 25,597,378.81 100.00%
==========================================================================
</TABLE>
- --------------------------------------------------------------------------------
This information does not constitute either an offer to sell or a solicitation
of an offer to buy any of the securities referred to herein. Offers to sell and
solicitations of offers to buy the securities are made only by , and this
information must be read in conjunction with, the final Prospectus Supplement
and the related Prospectus or, if not registered under the securities laws, the
final Offering Memorandum (the "Offering Document"). Information contained
herein does not purport to be complete and is subject to the same qualifications
and assumptions, and should be considered by investors only in the light of the
same warnings, lack of assurances and representations and other precautionary
matters, as disclosed in the Offering Document. Information regarding the
underlying assets has been provided by the issuer of the securities or an
affiliate thereof and has not been independently verified by Lehman Brothers
Inc. or any affiliate. The analyses contained herein have been prepared on the
basis of certain assumptions (including, in certain cases, assumptions specified
by the recipient hereof) regarding payments, interest rates, losses and other
matters, including, but not limited to, the assumptions described in the
Offering Document. Lehman Brothers Inc., and any of its affiliates, make no
representation or warranty as to the actual rate or timing of payments on any of
the underlying assets or the payments or yield on the securities. This
information supersedes any prior versions hereof and will be deemed to be
superseded by any subsequent versions (including, with respect to any
description of the securities or underlying assets, the information contained in
the Offering Document).
<PAGE> 88
LEHMAN BROTHERS 28
II. COLLATERAL SUMMARY - ARMs
LIEN SUMMARY
<TABLE>
<CAPTION>
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Loans Balance Balance
<S> <C> <C> <C>
1 275 25,597,378.81 100.00
- --------------------------------------------------------------------------
Total............... 275 $ 25,597,378.81 100.00%
==========================================================================
</TABLE>
<TABLE>
<CAPTION>
LOAN SUMMARY STRATIFIED BY AMORTIZATION
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
AMORTIZATION Loans Balance Balance
<S> <C> <C> <C>
Fully Amortizing 119 10,302,417.49 40.25
Partially Amortizing 156 15,294,961.32 59.75
- --------------------------------------------------------------------------
Total.................. 275 $ 25,597,378.81 100.00%
==========================================================================
</TABLE>
<TABLE>
<CAPTION>
PROPERTY TYPE
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Property Type Loans Balance Balance
<S> <C> <C> <C>
Single Family Residence 264 24,363,491.94 95.18
2 to 4 Family Residence 8 862,055.07 3.37
Condo 2 204,678.04 0.80
Townhouse 1 167,153.76 0.65
- --------------------------------------------------------------------------
Total............... 275 $ 25,597,378.81 100.00%
==========================================================================
</TABLE>
- --------------------------------------------------------------------------------
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