<PAGE>
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
-----
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15 (d)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (date of earliest event reported) September 23, 1997
------------------
UCFC Acceptance Corporation
------------------------------------------------------
(Exact name of registrant as specified in its charter)
Louisiana 333-07081 72-123-5336
- ------------------------------- ------------- -------------
(State or other jurisdiction of (Commission (IRS Employer
incorporation) File Number) ID Number)
4041 Essen Lane, Baton Rouge, Louisiana 70809
- ------------------------------------------------------------------------------
(Address of principal executive offices) (Zip Code)
Registrant's Telephone Number,
including area code: (504) 924-6007
--------------
N/A
-------------------------------------------------------------
(Former name or former address, if changed since last report)
<PAGE>
Item 5. Other Events
Filing of Computational Materials and Consent of Independent Accountants.*
Pursuant to Rule 424(b) under the Securities Act of 1933, as amended,
UCFC Acceptance Corporation (the "Depositor") is filing a prospectus and
prospectus supplement with the Securities and Exchange Commission relating to
its Home Equity Loan Pass-Through Certificates, Series 1997-C.
In connection with the offering of the Home Equity Loan Pass-Through
Certificates, Series 1997-C, Prudential Securities Incorporated prepared certain
materials (the "Computational Materials") which were distributed by Prudential
Securities Incorporated, Salomon Brothers Inc and Morgan Stanley & Co.
Incorporated to their potential investors. Although the Depositor provided
Prudential Securities Incorporated with certain information regarding the
characteristics of the Home Equity Loans in the related portfolio, it did not
participate in the preparation of the Computational Materials. The
Computational Materials are attached hereto as Exhibit 99.1.
Also included for filing as Exhibit 23.1 attached hereto is the Consent
of Coopers & Lybrand L.L.P., independent accountants for MBIA Insurance
Corporation, insurer of the Offered Certificates.
- -------------------
* Capitalized terms used and not otherwise defined herein shall have the
meanings assigned to them in the Prospectus dated September 22, 1997,
and Prospectus Supplement dated September 22, 1997, of UCFC Acceptance
Corporation, relating to its Home Equity Loan Pass-Through Certificates,
Series 1997-C.
-2-
<PAGE>
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
(a) Not applicable.
(b) Not applicable.
(c) Exhibits:
23.1. Consent of Coopers & Lybrand L.L.P.
99.1 Computational Materials.
-3-
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
UCFC ACCEPTANCE CORPORATION
By: /s/ H.C. McCall, III
-------------------------------
Name: H.C. McCall, III
Title: President
Dated: September 23, 1997
-4-
<PAGE>
EXHIBIT INDEX
-------------
Exhibit Page
- ------- ----
23.1. Consent of Coopers & Lybrand L.L.P.
99.1 Computational Materials.
-5-
<PAGE>
EXHIBIT 23.1
CONSENT OF INDEPENDENT ACCOUNTANTS
We consent to the incorporation by reference in this Prospectus
Supplement of our report dated February 3, 1997, on our audits of the
consolidated financial statements of MBIA Insurance Corporation and Subsidiaries
as of December 31, 1996 and 1995 and for each of the three years in the period
ended December 31, 1996. We also consent to the reference to our firm under the
caption "Report of Experts".
/s/ Coopers & Lybrand L.L.P.
----------------------------
Coopers & Lybrand L.L.P.
September 22, 1997
New York, New York
<PAGE>
UCFC Loan Trust 1997-C - Home Equity Loan Pass-Through Certificates
PRICING INFORMATION
--------------------------------------------------------
CERTIFICATE GROUP ONE
COLLATERALIZED BY LOAN GROUP ONE (FIXED-RATE COLLATERAL)
Certificate Group One Lead Manager: Prudential Securities Incorporated
Co-Manager: J.P. Morgan & Co.
Co-Manager: Morgan Stanley Dean Witter
** Note: The Class A-IO are offered by Prudential Securities only **
<TABLE>
<CAPTION>
Class: A-1 A-2 A-3 A-4 A-5
<S> <C> <C> <C> <C> <C>
Approximate
Face Amount: [93,000,000] [55,000,000] [39,000,000] [24,000,000] [27,000,000]
Coupon: 1M LIBOR + 9* 6.480 6.565 6.775 6.880
Price: 100-00 100-00 100-00 100-00 100-00
Yield: N/A 6.433 6.560 6.794 6.916
Spread: 9 50 53 62 73
Exp Avg Life
to Maturity: [0.90] yrs [2.05] yrs [3.04] yrs [4.02] yrs [5.22] yrs
Exp Avg Life
to 10% Call: [0.90] yrs [2.05] yrs [3.04] yrs [4.02] yrs [5.22] yrs
Exp 1st Prin Pmt: 10/15/97 [04/15/99] [04/15/00] [04/15/01] [03/15/02]
Exp Mat: [04/15/99] [04/15/00] [04/15/01] [03/15/02] [11/15/03]
Exp Mat to 10% Call: [04/15/99] [04/15/00] [04/15/01] [03/15/02] [11/15/03]
Stated Mat: [05/15/09] [05/15/12] [11/15/15] [07/15/17] [09/15/22]
Expected
Rating: AAA/Aaa/AAA AAA/Aaa/AAA AAA/Aaa/AAA AAA/Aaa/AAA AAA/Aaa/AAA
Pricing Speed: 25 % HEP 25 % HEP 25 % HEP 25 % HEP 25 % HEP
Pricing Date: *********************************** 9/12/97 ***********************************
Investor
Settle Date: 09/25/97 09/25/97 09/25/97 09/25/97 09/25/97
Pmt Delay: 0 days 14 days 14 days 14 days 14 days
Cut-off Date: 09/01/97 09/01/97 09/01/97 09/01/97 09/01/97
Dated Date: 09/24/97 09/01/97 09/01/97 09/01/97 09/01/97
Int Pmt: actual/360 30/360 30/360 30/360 30/360
Pmt Terms: Monthly Monthly Monthly Monthly Monthly
1st Int. Pmt Date: 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
SMMEA
Eligibility: non-SMMEA non-SMMEA non-SMMEA non-SMMEA non-SMMEA
</TABLE>
- -------------------------------------------------------------------------------
* The Pass-Through Rate on the Class A-1 Certificates will equal to the
lesser of:
1) One Month LIBOR + 9 bps
2) Group One Cap
Group One Cap: A rate equal to the weighted of the Mortgage Rates on the
Home Equity Loans in Loan Group One (fixed-rate collateral
pool) less (i) 0.646% per annum for servicing fee, trustee fee
and certificate insurer premium; and (ii) for the first 36
Distribution Dates the product of (a) 8.00% and (b) the Class
A-IO Notional Amount divided by the Principal Balance of the
Group One (fixed-rate) Loans as of the first day of the related
Remittance 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>
UCFC Loan Trust 1997-C - Home Equity Loan Pass-Through Certificates
PRICING INFORMATION (cont.)
--------------------------------------------------------
CERTIFICATE GROUP ONE
COLLATERALIZED BY LOAN GROUP ONE (FIXED-RATE COLLATERAL)
<TABLE>
<CAPTION>
Class: A-6 A-7 | A-IO
(NAS BOND) | (NAS IO - Offered by PSI only)
<S> <C> <C> <C>
Approximate |
Face Amount: [32,000,000] [30,000,000] | [$19,000,000] Notional Balance
|
Coupon: 7.235 6.845 | [8.00%]
|
Price: 100-00 100-00 | 21.169316
|
Yield: 7.303 6.889 | 6.875
|
Spread: 95 62 | n/a
|
Exp Avg Life to Maturity: [9.77] yrs [6.33] yrs | [2.97] yrs
|
Exp Avg Life to 10% call: [7.37] yrs [6.12] yrs | [2.97] yrs
|
Exp 1st Prin Pmt: [11/15/03] [10/15/00] | n/a
|
Exp Mat: [07/15/27] [01/15/22] | [09/15/00]
|
Exp Mat to 10% call: [05/15/05] [05/15/05] | [09/15/00]
|
Stated Mat: [01/15/29] [01/15/29] | [09/15/00]
|
Expected Rating: AAA/Aaa/AAA AAA/Aaa/AAA | AAAr/Aaa/AAA
|
Pricing Speed: 25 % HEP 25 % HEP | 25 % HEP
|
Pricing Date: -------------- 9/12/97 -------------------------------------------
|
Investor Settle Date: 09/25/97 09/25/97 | 09/25/97
|
Pmt Delay: 14 days 14 days | 14 days
|
Cut-off Date: 09/01/97 09/01/97 | n/a
|
Dated Date: 09/01/97 09/01/97 | 09/01/97
|
Int Pmt: 30/360 30/360 | 30/360
|
Pmt Terms: Monthly Monthly | Monthly
|
1st Int. Pmt Date: 10/15/97 10/15/97 | 10/15/97
|
Collateral Type: Fixed-Rate Fixed-Rate | fixed-rate
|
SMMEA Eligibility: non-SMMEA non-SMMEA | non-SMMEA
</TABLE>
- ------------------------------------------------------------------------------
Certificate Group One
Principal Paydown: 1) To the Class A-7 Certificateholders -- the Class A-7
Principal Distribution Amount
2) To the Class A-1 through A-6 Certificates, in sequential
order
Class A-7 Principal
Disbribution Amount: The applicable Class A-7 Principal Percentage multiplied
by the Class A-7 Principal Pro Rata Distribution Amount
for such Payment Date.
THE CLASS A-7 PRINCIPAL PERCENTAGE
----------------------------------
October 1997 to September 2000 ==(greater than) 0%
October 2000 to September 2002 ==(greater than) 45%
October 2002 to September 2003 ==(greater than) 80%
October 2003 to September 2004 ==(greater than) 100%
October 2004 and after ==(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>
UCFC Loan Trust 1997-C - Home Equity Loan Pass-Through Certificates
SUMMARY OF TERMS
--------------------------
Title of Securities: UCFC Loan Trust 1997-C, Home Equity Loan Pass-Through
Certificates (the "Trust") Class A-1, A-2, A-3, A-4,
A-5, A-6, A-7, A-IO ("Certificate Group One") and
Class A-8 ("Certificate Group Two").
Depositor: UCFC Acceptance Corporation.
Servicer: United Companies Lending Corporation.
Originators: The Home Equity Loans were, and any Subsequent Loans
will be, originated, either directly or through
correspondents or mortgage brokers, or purchased and
re-underwritten, by United Companies and certain
subsidiaries and affiliates thereof.
Trustee: Bankers Trust Company of California, N.A.
<TABLE>
<S> <C>
Aggregate
Certificate Balance: Certificate Group One (Fixed-Rate Collateral): $[300,000,000]
Certificate Group Two (Floating-Rate Collateral): $[400,000,000]
</TABLE>
Securities Offered: 100% MBIA-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: September 25, 1997
Form of Certificates: Book-Entry form, same-day funds through DTC, Euroclear
and CEDEL
Pass-Through Rate: 1-Month LIBOR + 9 bps on Class A-1 Certificates *
6.480% on Class A-2 Certificates
6.565% on Class A-3 Certificates
6.775% on Class A-4 Certificates
6.880% on Class A-5 Certificates
7.235% on Class A-6 Certificates
6.845% on Class A-7 Certificates (NAS Bond)
[8.00]% on Class A-IO Certificates (NAS IO Bond)
1-Month LIBOR + 20 bps on Class A-8 Certificates *
* Subject to the Cap for their respective Loan Groups.
Prepayment
Assumption: For Certificate Group One, 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 Class A-8, all "3/27" loans (including the
prefunded "3/27" loans) in Loan Group Two will use a
pricing prepayment assumption of [15]% CPR for the
first [30] months and [35]% CPR thereafter. All other
loans in Loan Group Two will use a pricing prepayment
assumption of [28]% CPR.
Distribution 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 Class A-1 and Class A-8 Certificates
and 14 days for the Class A-2, A-3, A-4, A-5, A-6, A-7
and A-IO Certificates.
Interest Accrual
Period: The initial interest accrual period on the Class A-1
and A-8 Certificates will be from September 24th until
October 14th. In future periods, interest will accrue
on the Class A-1 and A-8 Certificates at the applicable
Pass-Through Rate from the preceeding Distribution Date
to and including the day prior to the current
Distribution Date.
Interest on the Class A-2 through A-7 and A-IO
Certificates will accrue from the first day of the
preceeding month until the 30th day of the preceeding
month.
Optional
Cleanup Call: The Servicer will have the right to purchase the Home
Equity Loans in each Loan Group on any Remittance Date
when the aggregate Loan Balance of the Home Equity
Loans in such Loan Group has declined to 10% or less of
an amount equal to the aggregate balances of the Home
Equity Loans of such Loan Group as of the Cut-Off Date
including the Subsequent Loans.
Certificate Group
Two Coupon Step-Up: If the Servicer does not exercise its option to call
the Home Equity Loans in Loan Group Two at the 10%
cleanup call date, then the coupon on the Class A-8
Certificates shall be raised to LIBOR + 2 x 20 bps
subject to the Group Two 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>
UCFC Loan Trust 1997-C - Home Equity Loan Pass-Through Certificates
PRICING INFORMATION (Cont.)
-----------------------------------------------------------
CERTIFICATE GROUP TWO
COLLATERALIZED BY LOAN GROUP TWO (FLOATING-RATE COLLATERAL)
Certificate Group Two Co-Lead Manager: Prudential Securities Incorporated
Co-Lead Manager: Salomon Brothers Inc.
Class: A-8
Approximate
Face Amount: $[400,000,000]
Pass-Through Rate: The least of:
1) 1M LIBOR + 20 bps
2) Group Two Cap (described below)
After the Loan Group Two Cleanup Call, the least of:
1) 1M LIBOR + 2 x 20 bps
2) Group Two Cap
Price: 100-00
Yield: Variable
Spread: 20
Index: 1 Month LIBOR
Disc. Margin: 20
Avg Life to Call: [3.14] yrs
Avg Life to Maturity: [3.39] yrs
Exp. 1st Prin Payment: [10/15/97]
Exp Mat to Call: [07/15/04]
Exp Mat: [09/15/27]
Expected
Rating: AAA/Aaa/AAA
Pricing Spd: All "3/27" loans (including the prefunded "3/27" loans)
in Loan Group Two will use a pricing prepayment
assumption of [15]% CPR for the first [30] months and
[35]% CPR thereafter. All other loans in Loan Group Two
will use a pricing prepayment assumption of [28]% CPR.
Pricing Date: 9/12/97
Investor
Settle Date: [09/25/97]
Pymt Delay: 0 days
Cut-off Date: 09/01/97
Stated Mat: [09/15/27]
Dated Date: [09/24/97]
Int Pymt: actual/360
Pymt Terms: Monthly
1st Int. Pymt Date: 10/15/97
Principal Paydown: All Loan Group Two principal is passed through to
Class A-8.
Eligibility: non-SMMEA Eligible
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>
<TABLE>
<S> <C> <C>
CURRENT BALANCE: $55,000,000.00 DATED DATE: 09/01/97
COUPON: 6.480% ucfc7cf FIRST PAYMENT: 10/15/97
FACTOR: 1.0000000000 TOTAL CLASSES: 8
ORIGINAL BALANCE: $55,000,000.00 BOND A2 BE-YIELD TABLE YIELD TABLE DATE: 09/25/97
</TABLE>
PREPAYMENT SPEED
<TABLE>
<CAPTION>
PRICING SPEED
25.0% 15.00% 18.00% 22.00% 28.00% 32.00% 35.00%
PRICE HEP HEP HEP HEP HEP HEP HEP
<S> <C> <C> <C> <C> <C> <C> <C>
99-24 6.567 6.567 6.567 6.567 6.567 6.567 6.566
99-24+ 6.558 6.562 6.561 6.559 6.558 6.556 6.555
99-25 6.550 6.556 6.554 6.552 6.548 6.546 6.544
99-25+ 6.542 6.551 6.548 6.544 6.539 6.536 6.533
99-26 6.533 6.545 6.541 6.537 6.530 6.525 6.522
99-26+ 6.525 6.539 6.535 6.529 6.521 6.515 6.511
99-27 6.517 6.534 6.528 6.522 6.512 6.505 6.500
99-27+ 6.508 6.528 6.522 6.514 6.502 6.495 6.489
99-28 6.500 6.523 6.516 6.506 6.493 6.484 6.478
99-28+ 6.491 6.517 6.509 6.499 6.484 6.474 6.467
99-29 6.483 6.511 6.503 6.491 6.475 6.464 6.456
99-29+ 6.475 6.506 6.496 6.484 6.466 6.454 6.445
99-30 6.466 6.500 6.490 6.476 6.456 6.443 6.434
99-30+ 6.458 6.495 6.483 6.469 6.447 6.433 6.423
99-31 6.449 6.489 6.477 6.461 6.438 6.423 6.412
99-31+ 6.441 6.484 6.470 6.454 6.429 6.413 6.401
100-00 6.433 6.478 6.464 6.446 6.420 6.402 6.390
100-00+ 6.424 6.472 6.458 6.438 6.410 6.392 6.379
100-01 6.416 6.467 6.451 6.431 6.401 6.382 6.368
100-01+ 6.408 6.461 6.445 6.423 6.392 6.372 6.357
100-02 6.399 6.456 6.438 6.416 6.383 6.361 6.346
100-02+ 6.391 6.450 6.432 6.408 6.374 6.351 6.335
100-03 6.383 6.445 6.425 6.401 6.365 6.341 6.324
100-03+ 6.374 6.439 6.419 6.393 6.355 6.331 6.313
100-04 6.366 6.433 6.413 6.386 6.346 6.321 6.302
100-04+ 6.357 6.428 6.406 6.378 6.337 6.310 6.291
100-05 6.349 6.422 6.400 6.371 6.328 6.300 6.280
100-05+ 6.341 6.417 6.393 6.363 6.319 6.290 6.269
100-06 6.332 6.411 6.387 6.356 6.310 6.280 6.258
100-06+ 6.324 6.406 6.380 6.348 6.301 6.269 6.247
100-07 6.316 6.400 6.374 6.340 6.291 6.259 6.236
100-07+ 6.307 6.395 6.368 6.333 6.282 6.249 6.225
First Payment 1.556 2.389 2.056 1.722 1.472 1.306 1.222
Average Life 2.049 3.194 2.724 2.289 1.857 1.652 1.528
Last Payment 2.556 4.139 3.472 2.889 2.306 2.056 1.889
Mod.Dur. @ 100-00 1.859 2.792 2.418 2.061 1.695 1.519 1.411
</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>
<TABLE>
<S> <C> <C>
CURRENT BALANCE: $39,000,000.00 DATED DATE: 09/01/97
COUPON: 6.565% ucfc7cf FIRST PAYMENT: 10/15/97
FACTOR: 1.0000000000 TOTAL CLASSES: 8
ORIGINAL BALANCE: $39,000,000.00 BOND A3 BE-YIELD TABLE YIELD TABLE DATE: 09/25/97
</TABLE>
PREPAYMENT SPEED
<TABLE>
<CAPTION>
PRICING SPEED
25.0% 15.00% 18.00% 22.00% 28.00% 32.00% 35.00%
PRICE HEP HEP HEP HEP HEP HEP HEP
<S> <C> <C> <C> <C> <C> <C> <C>
99-24 6.653 6.654 6.654 6.654 6.653 6.653 6.653
99-24+ 6.647 6.650 6.649 6.648 6.647 6.646 6.645
99-25 6.642 6.646 6.645 6.643 6.640 6.638 6.637
99-25+ 6.636 6.643 6.641 6.638 6.634 6.631 6.629
99-26 6.630 6.639 6.636 6.633 6.627 6.624 6.621
99-26+ 6.624 6.635 6.632 6.627 6.621 6.617 6.613
99-27 6.618 6.631 6.627 6.622 6.614 6.609 6.605
99-27+ 6.612 6.627 6.623 6.617 6.608 6.602 6.598
99-28 6.607 6.624 6.619 6.612 6.601 6.595 6.590
99-28+ 6.601 6.620 6.614 6.607 6.595 6.588 6.582
99-29 6.595 6.616 6.610 6.601 6.589 6.580 6.574
99-29+ 6.589 6.612 6.606 6.596 6.582 6.573 6.566
99-30 6.583 6.608 6.601 6.591 6.576 6.566 6.558
99-30+ 6.577 6.605 6.597 6.586 6.569 6.559 6.551
99-31 6.572 6.601 6.592 6.581 6.563 6.551 6.543
99-31+ 6.566 6.597 6.588 6.575 6.556 6.544 6.535
100-00 6.560 6.593 6.584 6.570 6.550 6.537 6.527
100-00+ 6.554 6.590 6.579 6.565 6.543 6.530 6.519
100-01 6.548 6.586 6.575 6.560 6.537 6.522 6.511
100-01+ 6.543 6.582 6.570 6.555 6.531 6.515 6.504
100-02 6.537 6.578 6.566 6.549 6.524 6.508 6.496
100-02+ 6.531 6.574 6.562 6.544 6.518 6.501 6.488
100-03 6.525 6.571 6.557 6.539 6.511 6.493 6.480
100-03+ 6.519 6.567 6.553 6.534 6.505 6.486 6.472
100-04 6.513 6.563 6.549 6.529 6.498 6.479 6.464
100-04+ 6.508 6.559 6.544 6.523 6.492 6.472 6.457
100-05 6.502 6.555 6.540 6.518 6.486 6.465 6.449
100-05+ 6.496 6.552 6.535 6.513 6.479 6.457 6.441
100-06 6.490 6.548 6.531 6.508 6.473 6.450 6.433
100-06+ 6.484 6.544 6.527 6.503 6.466 6.443 6.425
100-07 6.479 6.540 6.522 6.497 6.460 6.436 6.418
100-07+ 6.473 6.536 6.518 6.492 6.453 6.428 6.410
First Payment 2.556 4.139 3.472 2.889 2.306 2.056 1.889
Average Life 3.042 4.964 4.190 3.450 2.723 2.398 2.200
Last Payment 3.556 5.972 4.972 4.056 3.222 2.806 2.556
Mod.Dur. @ 100-00 2.671 4.101 3.547 2.990 2.416 2.150 1.986
</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>
<TABLE>
<S> <C> <C>
CURRENT BALANCE: $24,000,000.00 DATED DATE: 09/01/97
COUPON: 6.775% ucfc7cf FIRST PAYMENT: 10/15/97
FACTOR: 1.0000000000 TOTAL CLASSES: 8
ORIGINAL BALANCE: $24,000,000.00 BOND A4 BE-YIELD TABLE YIELD TABLE DATE: 09/25/97
</TABLE>
PREPAYMENT SPEED
<TABLE>
<CAPTION>
PRICING SPEED
25.0% 15.00% 18.00% 22.00% 28.00% 32.00% 35.00%
PRICE HEP HEP HEP HEP HEP HEP HEP
<S> <C> <C> <C> <C> <C> <C> <C>
99-24 6.867 6.869 6.868 6.868 6.867 6.866 6.866
99-24+ 6.863 6.866 6.865 6.864 6.862 6.860 6.859
99-25 6.858 6.863 6.861 6.860 6.857 6.855 6.853
99-25+ 6.854 6.860 6.858 6.855 6.852 6.849 6.847
99-26 6.849 6.857 6.855 6.851 6.846 6.843 6.840
99-26+ 6.844 6.854 6.851 6.847 6.841 6.837 6.834
99-27 6.840 6.851 6.848 6.843 6.836 6.831 6.828
99-27+ 6.835 6.848 6.844 6.839 6.831 6.826 6.822
99-28 6.831 6.845 6.841 6.835 6.826 6.820 6.815
99-28+ 6.826 6.842 6.837 6.831 6.821 6.814 6.809
99-29 6.822 6.839 6.834 6.827 6.816 6.808 6.803
99-29+ 6.817 6.836 6.830 6.823 6.811 6.802 6.796
99-30 6.812 6.833 6.827 6.819 6.806 6.797 6.790
99-30+ 6.808 6.830 6.824 6.815 6.801 6.791 6.784
99-31 6.803 6.827 6.820 6.811 6.796 6.785 6.777
99-31+ 6.799 6.824 6.817 6.806 6.791 6.779 6.771
100-00 6.794 6.822 6.813 6.802 6.785 6.773 6.765
100-00+ 6.790 6.819 6.810 6.798 6.780 6.768 6.758
100-01 6.785 6.816 6.806 6.794 6.775 6.762 6.752
100-01+ 6.780 6.813 6.803 6.790 6.770 6.756 6.746
100-02 6.776 6.810 6.799 6.786 6.765 6.750 6.740
100-02+ 6.771 6.807 6.796 6.782 6.760 6.745 6.733
100-03 6.767 6.804 6.793 6.778 6.755 6.739 6.727
100-03+ 6.762 6.801 6.789 6.774 6.750 6.733 6.721
100-04 6.758 6.798 6.786 6.770 6.745 6.727 6.714
100-04+ 6.753 6.795 6.782 6.766 6.740 6.721 6.708
100-05 6.748 6.792 6.779 6.762 6.735 6.716 6.702
100-05+ 6.744 6.789 6.775 6.758 6.730 6.710 6.695
100-06 6.739 6.786 6.772 6.753 6.725 6.704 6.689
100-06+ 6.735 6.783 6.769 6.749 6.720 6.698 6.683
100-07 6.730 6.780 6.765 6.745 6.714 6.693 6.677
100-07+ 6.726 6.777 6.762 6.741 6.709 6.687 6.670
First Payment 3.556 5.972 4.972 4.056 3.222 2.806 2.556
Average Life 4.018 6.813 5.619 4.581 3.561 3.075 2.797
Last Payment 4.472 8.056 6.389 5.139 3.972 3.389 3.056
Mod.Dur. @ 100-00 3.406 5.280 4.524 3.813 3.064 2.688 2.467
</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>
<TABLE>
<S> <C> <C>
CURRENT BALANCE: $27,000,000.00 DATED DATE: 09/01/97
COUPON: 6.880% ucfc7cf FIRST PAYMENT: 10/15/97
FACTOR: 1.0000000000 TOTAL CLASSES: 8
ORIGINAL BALANCE: $27,000,000.00 BOND A5 BE-YIELD TABLE YIELD TABLE DATE: 09/25/97
</TABLE>
PREPAYMENT SPEED
<TABLE>
<CAPTION>
PRICING SPEED
25.0% 15.00% 18.00% 22.00% 28.00% 32.00% 35.00%
PRICE HEP HEP HEP HEP HEP HEP HEP
<S> <C> <C> <C> <C> <C> <C> <C>
99-24 6.975 6.977 6.976 6.976 6.975 6.974 6.973
99-24+ 6.971 6.974 6.974 6.972 6.971 6.969 6.968
99-25 6.968 6.972 6.971 6.969 6.966 6.965 6.963
99-25+ 6.964 6.970 6.968 6.966 6.962 6.960 6.958
99-26 6.960 6.968 6.966 6.963 6.958 6.955 6.953
99-26+ 6.957 6.965 6.963 6.959 6.954 6.951 6.948
99-27 6.953 6.963 6.960 6.956 6.950 6.946 6.943
99-27+ 6.949 6.961 6.958 6.953 6.946 6.941 6.938
99-28 6.946 6.958 6.955 6.950 6.942 6.937 6.932
99-28+ 6.942 6.956 6.952 6.946 6.938 6.932 6.927
99-29 6.938 6.954 6.950 6.943 6.934 6.927 6.922
99-29+ 6.935 6.952 6.947 6.940 6.930 6.923 6.917
99-30 6.931 6.949 6.944 6.937 6.925 6.918 6.912
99-30+ 6.927 6.947 6.942 6.933 6.921 6.913 6.907
99-31 6.924 6.945 6.939 6.930 6.917 6.909 6.902
99-31+ 6.920 6.942 6.937 6.927 6.913 6.904 6.897
100-00 6.916 6.940 6.934 6.924 6.909 6.899 6.891
100-00+ 6.913 6.938 6.931 6.920 6.905 6.895 6.886
100-01 6.909 6.935 6.929 6.917 6.901 6.890 6.881
100-01+ 6.905 6.933 6.926 6.914 6.897 6.885 6.876
100-02 6.902 6.931 6.923 6.911 6.893 6.881 6.871
100-02+ 6.898 6.929 6.921 6.907 6.889 6.876 6.866
100-03 6.894 6.926 6.918 6.904 6.885 6.871 6.861
100-03+ 6.891 6.924 6.915 6.901 6.880 6.867 6.856
100-04 6.887 6.922 6.913 6.898 6.876 6.862 6.851
100-04+ 6.883 6.919 6.910 6.894 6.872 6.857 6.845
100-05 6.880 6.917 6.907 6.891 6.868 6.853 6.840
100-05+ 6.876 6.915 6.905 6.888 6.864 6.848 6.835
100-06 6.872 6.913 6.902 6.885 6.860 6.843 6.830
100-06+ 6.869 6.910 6.900 6.881 6.856 6.839 6.825
100-07 6.865 6.908 6.897 6.878 6.852 6.834 6.820
100-07+ 6.861 6.906 6.894 6.875 6.848 6.829 6.815
First Payment 4.472 8.056 6.389 5.139 3.972 3.389 3.056
Average Life 5.216 9.608 7.885 6.061 4.582 3.936 3.538
Last Payment 6.139 11.306 9.722 7.639 5.306 4.556 4.056
Mod.Dur. @ 100-00 4.239 6.796 5.874 4.791 3.801 3.336 3.038
</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>
<TABLE>
<S> <C> <C>
CURRENT BALANCE: $32,000,000.00 DATED DATE: 09/01/97
COUPON: 7.235% ucfc7cf FIRST PAYMENT: 10/15/97
FACTOR: 1.0000000000 TOTAL CLASSES: 8
ORIGINAL BALANCE: $32,000,000.00 BOND A6 BE-YIELD TABLE YIELD TABLE DATE: 09/25/97
</TABLE>
PREPAYMENT SPEED
<TABLE>
<CAPTION>
PRICING SPEED
25.0% 15.00% 18.00% 22.00% 28.00% 32.00% 35.00%
PRICE HEP HEP HEP HEP HEP HEP HEP
<S> <C> <C> <C> <C> <C> <C> <C>
99-24 7.340 7.341 7.341 7.341 7.340 7.339 7.338
99-24+ 7.338 7.339 7.339 7.338 7.337 7.336 7.335
99-25 7.335 7.338 7.337 7.336 7.334 7.333 7.331
99-25+ 7.333 7.336 7.335 7.334 7.332 7.330 7.328
99-26 7.331 7.334 7.333 7.332 7.329 7.327 7.325
99-26+ 7.328 7.332 7.331 7.330 7.327 7.324 7.321
99-27 7.326 7.331 7.329 7.328 7.324 7.321 7.318
99-27+ 7.324 7.329 7.328 7.326 7.321 7.318 7.314
99-28 7.321 7.327 7.326 7.324 7.319 7.315 7.311
99-28+ 7.319 7.325 7.324 7.321 7.316 7.312 7.308
99-29 7.317 7.323 7.322 7.319 7.314 7.309 7.304
99-29+ 7.314 7.322 7.320 7.317 7.311 7.306 7.301
99-30 7.312 7.320 7.318 7.315 7.308 7.303 7.298
99-30+ 7.310 7.318 7.316 7.313 7.306 7.300 7.294
99-31 7.307 7.316 7.314 7.311 7.303 7.297 7.291
99-31+ 7.305 7.314 7.312 7.309 7.301 7.294 7.288
100-00 7.303 7.313 7.310 7.306 7.298 7.291 7.284
100-00+ 7.300 7.311 7.308 7.304 7.295 7.288 7.281
100-01 7.298 7.309 7.306 7.302 7.293 7.285 7.277
100-01+ 7.296 7.307 7.304 7.300 7.290 7.282 7.274
100-02 7.293 7.305 7.303 7.298 7.288 7.279 7.271
100-02+ 7.291 7.304 7.301 7.296 7.285 7.276 7.267
100-03 7.289 7.302 7.299 7.294 7.282 7.273 7.264
100-03+ 7.286 7.300 7.297 7.292 7.280 7.270 7.261
100-04 7.284 7.298 7.295 7.289 7.277 7.267 7.257
100-04+ 7.282 7.296 7.293 7.287 7.275 7.264 7.254
100-05 7.279 7.295 7.291 7.285 7.272 7.261 7.251
100-05+ 7.277 7.293 7.289 7.283 7.269 7.258 7.247
100-06 7.275 7.291 7.287 7.281 7.267 7.255 7.244
100-06+ 7.272 7.289 7.285 7.279 7.264 7.252 7.241
100-07 7.270 7.288 7.283 7.277 7.262 7.249 7.237
100-07+ 7.268 7.286 7.281 7.275 7.259 7.246 7.234
First Payment 6.139 11.306 9.722 7.639 5.306 4.556 4.056
Average Life 9.774 14.812 13.157 11.208 8.490 7.009 6.059
Last Payment 29.806 29.806 29.806 29.806 29.806 29.806 29.806
Mod.Dur. @ 100-00 6.638 8.684 8.099 7.309 5.986 5.176 4.623
</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>
<TABLE>
<S> <C> <C>
CURRENT BALANCE: $30,000,000.00 DATED DATE: 09/01/97
COUPON: 6.845% ucfc7cf FIRST PAYMENT: 10/15/97
FACTOR: 1.0000000000 TOTAL CLASSES: 8
ORIGINAL BALANCE: $30,000,000.00 BOND A7 BE-YIELD TABLE YIELD TABLE DATE: 09/25/97
</TABLE>
PREPAYMENT SPEED
<TABLE>
<CAPTION>
PRICING SPEED
25.0% 15.00% 18.00% 22.00% 28.00% 32.00% 35.00%
PRICE HEP HEP HEP HEP HEP HEP HEP
<S> <C> <C> <C> <C> <C> <C> <C>
99-24 6.940 6.940 6.940 6.940 6.940 6.940 6.940
99-24+ 6.937 6.937 6.937 6.937 6.937 6.936 6.936
99-25 6.934 6.935 6.934 6.934 6.933 6.933 6.933
99-25+ 6.930 6.932 6.931 6.931 6.930 6.930 6.930
99-26 6.927 6.929 6.928 6.928 6.927 6.926 6.926
99-26+ 6.924 6.926 6.925 6.925 6.924 6.923 6.923
99-27 6.921 6.923 6.922 6.921 6.920 6.920 6.919
99-27+ 6.918 6.920 6.919 6.918 6.917 6.916 6.916
99-28 6.915 6.917 6.916 6.915 6.914 6.913 6.913
99-28+ 6.911 6.914 6.913 6.912 6.911 6.910 6.909
99-29 6.908 6.911 6.910 6.909 6.907 6.907 6.906
99-29+ 6.905 6.909 6.907 6.906 6.904 6.903 6.902
99-30 6.902 6.906 6.904 6.903 6.901 6.900 6.899
99-30+ 6.899 6.903 6.901 6.900 6.898 6.897 6.896
99-31 6.896 6.900 6.899 6.897 6.894 6.893 6.892
99-31+ 6.892 6.897 6.896 6.894 6.891 6.890 6.889
100-00 6.889 6.894 6.893 6.891 6.888 6.887 6.886
100-00+ 6.886 6.891 6.890 6.887 6.885 6.883 6.882
100-01 6.883 6.888 6.887 6.884 6.881 6.880 6.879
100-01+ 6.880 6.886 6.884 6.881 6.878 6.877 6.875
100-02 6.877 6.883 6.881 6.878 6.875 6.873 6.872
100-02+ 6.873 6.880 6.878 6.875 6.872 6.870 6.869
100-03 6.870 6.877 6.875 6.872 6.869 6.867 6.865
100-03+ 6.867 6.874 6.872 6.869 6.865 6.863 6.862
100-04 6.864 6.871 6.869 6.866 6.862 6.860 6.859
100-04+ 6.861 6.868 6.866 6.863 6.859 6.857 6.855
100-05 6.858 6.865 6.863 6.860 6.856 6.853 6.852
100-05+ 6.854 6.863 6.860 6.857 6.852 6.850 6.848
100-06 6.851 6.860 6.857 6.854 6.849 6.847 6.845
100-06+ 6.848 6.857 6.854 6.850 6.846 6.843 6.842
100-07 6.845 6.854 6.851 6.847 6.843 6.840 6.838
100-07+ 6.842 6.851 6.848 6.844 6.839 6.837 6.835
First Payment 3.056 3.056 3.056 3.056 3.056 3.056 3.056
Average Life 6.328 7.180 6.873 6.538 6.152 5.960 5.839
Last Payment 24.389 28.972 28.056 26.139 22.639 20.639 19.722
Mod.Dur. @ 100-00 4.908 5.409 5.232 5.035 4.800 4.678 4.600
</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>
<TABLE>
<S> <C> <C>
CURRENT BALANCE: $19,000,000.00 DATED DATE: 09/01/97
COUPON: 8.000% ucfc7cf FIRST PAYMENT: 10/15/97
FACTOR: 1.0000000000 TOTAL CLASSES: 8
ORIGINAL BALANCE: $19,000,000.00 BOND A-IO BE-YIELD TABLE YIELD TABLE DATE: 09/25/97
</TABLE>
PREPAYMENT SPEED
<TABLE>
<CAPTION>
PRICING SPEED
25.0% 15.00% 18.00% 22.00% 28.00% 32.00% 35.00%
PRICE HEP HEP HEP HEP HEP HEP HEP
<S> <C> <C> <C> <C> <C> <C> <C>
20-29 7.741 7.741 7.741 7.741 7.741 7.741 7.741
20-29+ 7.689 7.689 7.689 7.689 7.689 7.689 7.689
20-30 7.637 7.637 7.637 7.637 7.637 7.637 7.637
20-30+ 7.585 7.585 7.585 7.585 7.585 7.585 7.585
20-31 7.533 7.533 7.533 7.533 7.533 7.533 7.533
20-31+ 7.482 7.482 7.482 7.482 7.482 7.482 7.482
21-00 7.430 7.430 7.430 7.430 7.430 7.430 7.430
21-00+ 7.379 7.379 7.379 7.379 7.379 7.379 7.379
21-01 7.327 7.327 7.327 7.327 7.327 7.327 7.327
21-01+ 7.276 7.276 7.276 7.276 7.276 7.276 7.276
21-02 7.224 7.224 7.224 7.224 7.224 7.224 7.224
21-02+ 7.173 7.173 7.173 7.173 7.173 7.173 7.173
21-03 7.122 7.122 7.122 7.122 7.122 7.122 7.122
21-03+ 7.071 7.071 7.071 7.071 7.071 7.071 7.071
21-04 7.020 7.020 7.020 7.020 7.020 7.020 7.020
21-04+ 6.969 6.969 6.969 6.969 6.969 6.969 6.969
21-05 6.918 6.918 6.918 6.918 6.918 6.918 6.918
21-05+ 6.867 6.867 6.867 6.867 6.867 6.867 6.867
21-06 6.816 6.816 6.816 6.816 6.816 6.816 6.816
21-06+ 6.765 6.765 6.765 6.765 6.765 6.765 6.765
21-07 6.714 6.714 6.714 6.714 6.714 6.714 6.714
21-07+ 6.664 6.664 6.664 6.664 6.664 6.664 6.664
21-08 6.613 6.613 6.613 6.613 6.613 6.613 6.613
21-08+ 6.562 6.562 6.562 6.562 6.562 6.562 6.562
21-09 6.512 6.512 6.512 6.512 6.512 6.512 6.512
21-09+ 6.462 6.462 6.462 6.462 6.462 6.462 6.462
First Payment 2.972 2.972 2.972 2.972 2.972 2.972 2.972
Average Life 2.972 2.972 2.972 2.972 2.972 2.972 2.972
Last Payment 2.972 2.972 2.972 2.972 2.972 2.972 2.972
Mod.Dur. @ 21-05 1.414 1.414 1.414 1.414 1.414 1.414 1.414
</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>
<TABLE>
<S> <C> <C>
CURRENT BALANCE: $400,000,000.00 DATED DATE: 09/24/97
CURRENT COUPON: TBD ucfc7ca FIRST PAYMENT: 10/15/97
FACTOR: 1.0000000000 TOTAL CLASSES: 3
ORIGINAL BALANCE: $400,000,000.00 BOND A8 DISCOUNT MARGIN ACT/360 TABLE YIELD TABLE DATE: 09/25/97
</TABLE>
ASSUMED CONSTANT LIBOR-1M 5.6563
*********** TO CALL ************
<TABLE>
<CAPTION>
PRICING SPEED
28.0%/ 50REP/ 75REP/ 125REP/ 150REP/ 175REP/ 200REP/
PRICE REP_LINE REP_LINE REP_LINE REP_LINE REP_LINE REP_LINE REP_LINE
<S> <C> <C> <C> <C> <C> <C> <C>
99-24 28.969 25.451 27.221 30.685 32.369 34.109 35.838
99-24+ 28.407 25.109 26.769 30.016 31.595 33.226 34.846
99-25 27.846 24.768 26.316 29.347 30.820 32.342 33.854
99-25+ 27.284 24.427 25.864 28.678 30.046 31.459 32.863
99-26 26.723 24.086 25.413 28.009 29.272 30.576 31.872
99-26+ 26.162 23.745 24.961 27.341 28.498 29.693 30.881
99-27 25.601 23.404 24.509 26.672 27.724 28.811 29.890
99-27+ 25.040 23.063 24.058 26.004 26.951 27.929 28.900
99-28 24.479 22.722 23.606 25.336 26.177 27.046 27.909
99-28+ 23.919 22.381 23.155 24.668 25.404 26.164 26.919
99-29 23.358 22.041 22.704 24.001 24.631 25.283 25.930
99-29+ 22.798 21.700 22.252 23.333 23.858 24.401 24.940
99-30 22.238 21.360 21.801 22.666 23.086 23.520 23.951
99-30+ 21.677 21.019 21.351 21.998 22.313 22.639 22.962
99-31 21.118 20.679 20.900 21.331 21.541 21.758 21.973
99-31+ 20.558 20.339 20.449 20.664 20.769 20.877 20.985
100-00 19.998 19.999 19.998 19.998 19.997 19.997 19.997
100-00+ 19.439 19.659 19.548 19.331 19.226 19.117 19.009
100-01 18.879 19.319 19.098 18.665 18.454 18.237 18.021
100-01+ 18.320 18.979 18.647 17.998 17.683 17.357 17.033
100-02 17.761 18.639 18.197 17.332 16.912 16.477 16.046
100-02+ 17.202 18.300 17.747 16.666 16.141 15.598 15.059
100-03 16.643 17.960 17.297 16.001 15.370 14.719 14.072
100-03+ 16.084 17.621 16.848 15.335 14.600 13.840 13.086
100-04 15.526 17.281 16.398 14.669 13.829 12.961 12.099
100-04+ 14.967 16.942 15.948 14.004 13.059 12.083 11.113
100-05 14.409 16.603 15.499 13.339 12.289 11.204 10.128
100-05+ 13.851 16.264 15.050 12.674 11.519 10.326 9.142
100-06 13.293 15.925 14.600 12.009 10.750 9.448 8.157
100-06+ 12.735 15.586 14.151 11.344 9.980 8.571 7.172
100-07 12.177 15.247 13.702 10.680 9.211 7.693 6.187
100-07+ 11.619 14.908 13.253 10.016 8.442 6.816 5.202
First Payment 0.056 0.056 0.056 0.056 0.056 0.056 0.056
Average Life 3.137 5.733 4.044 2.575 2.192 1.900 1.680
Last Payment 6.806 13.139 9.056 5.472 4.639 3.972 3.556
Mod.Dur. @ 100-00 2.686 4.419 3.336 2.255 1.948 1.707 1.521
</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>
PRELIMINARY
BACKGROUND INFORMATION
UCFC LOAN TRUST 1997-C
APPROXIMATE CLASS SIZES
[$93,000,000] Class A-1 FLOATING-RATE CERTIFICATES
(non-SMMEA-eligible)
[$55,000,000] Class A-2 FIXED-RATE CERTIFICATES
(non-SMMEA-eligible)
[$39,000,000] Class A-3 FIXED-RATE CERTIFICATES
(non-SMMEA-eligible)
[$24,000,000] Class A-4 FIXED-RATE CERTIFICATES
(non-SMMEA-eligible)
[$27,000,000] Class A-5 FIXED-RATE CERTIFICATES
(non-SMMEA-eligible)
[$32,000,000] Class A-6 FIXED-RATE CERTIFICATES
(non-SMMEA-eligible)
[$30,000,000] Class A-7 FIXED-RATE CERTIFICATES
Non-Accelerated Senior Bond
(non-SMMEA-eligible)
Class A-IO INTEREST-ONLY CERTIFICATES
[$19,000,000] Notional Balance
NAS IO Bond
[$400,000,000] Class A-8 FLOATING-RATE CERTIFICATES
(non-SMMEA-eligible)
HOME EQUITY LOAN PASS-THROUGH CERTIFICATES, SERIES 1997-C
The information included herein is provided solely by Prudential Securities
Incorporated ("PSI") as underwriter for the UCFC 1997-C transaction, and not by
or as agent for UCFC Acceptance 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>
UCFC Loan Trust 1997-C - Home Equity Loan Pass-Through Certificates
PRICING INFORMATION
--------------------------------------------------------
CERTIFICATE GROUP ONE
COLLATERALIZED BY LOAN GROUP ONE (FIXED-RATE COLLATERAL)
Certificate Group One Lead Manager: Prudential Securities Incorporated
Co-Manager: J.P. Morgan & Co.
Co-Manager: Morgan Stanley Dean Witter
** Note: The Class A-IO are offered by Prudential Securities only **
<TABLE>
<CAPTION>
Class: A-1 A-2 A-3 A-4 A-5
<S> <C> <C> <C> <C> <C>
Approximate
Face Amount: [93,000,000] [55,000,000] [39,000,000] [24,000,000] [27,000,000]
Coupon: 1M LIBOR + TBD* TBD TBD TBD TBD
Price: TBD TBD TBD TBD TBD
Yield: N/A TBD TBD TBD TBD
Spread: TBD TBD TBD TBD TBD
Exp Avg Life
to Maturity: [0.90] yrs [2.05] yrs [3.04] yrs [4.02] yrs [5.22] yrs
Exp Avg Life
to 10% Call: [0.90] yrs [2.05] yrs [3.04] yrs [4.02] yrs [5.22] yrs
Exp 1st Prin Pmt: 10/15/97 [04/15/99] [04/15/00] [04/15/01] [03/15/02]
Exp Mat: [04/15/99] [04/15/00] [04/15/01] [03/15/02] [11/15/03]
Exp Mat to 10% Call: [04/15/99] [04/15/00] [04/15/01] [03/15/02] [11/15/03]
Stated Mat: [05/15/09] [05/15/12] [11/15/15] [07/15/17] [09/15/22]
Expected
Rating: AAA/Aaa/AAA AAA/Aaa/AAA AAA/Aaa/AAA AAA/Aaa/AAA AAA/Aaa/AAA
Pricing Speed: 25 % HEP 25 % HEP 25 % HEP 25 % HEP 25 % HEP
Pricing Date: *********************************** TBD **********************************
Investor
Settle Date: 09/25/97 09/25/97 09/25/97 09/25/97 09/25/97
Pmt Delay: 0 days 14 days 14 days 14 days 14 days
Cut-off Date: 09/01/97 09/01/97 09/01/97 09/01/97 09/01/97
Dated Date: 09/24/97 09/01/97 09/01/97 09/01/97 09/01/97
Int Pmt: actual/360 30/360 30/360 30/360 30/360
Pmt Terms: Monthly Monthly Monthly Monthly Monthly
1st Int. Pmt Date: 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
SMMEA
Eligibility: non-SMMEA non-SMMEA non-SMMEA non-SMMEA non-SMMEA
</TABLE>
- ------------------------------------------------------------------------------
* The Pass-Through Rate on the Class A-1 Certificates will equal to the
lesser of:
1) One Month LIBOR + TBD bps
2) Group One Cap
Group One Cap: A rate equal to the weighted of the Mortgage Rates on the
Home Equity Loans in Loan Group One (fixed-rate collateral
pool) less (i) 0.646% per annum for servicing fee, trustee fee
and certificate insurer premium; and (ii) for the first 36
Distribution Dates the product of (a) 8.00% and (b) the Class
A-IO Notional Amount divided by the Principal Balance of the
Group One (fixed-rate) Loans as of the first day of the related
Remittance 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>
UCFC Loan Trust 1997-C - Home Equity Loan Pass-Through Certificates
PRICING INFORMATION (cont.)
--------------------------------------------------------
CERTIFICATE GROUP ONE
COLLATERALIZED BY LOAN GROUP ONE (FIXED-RATE COLLATERAL)
<TABLE>
<CAPTION>
Class: A-6 A-7 | A-IO
(NAS BOND) | (NAS IO - Offered by PSI only)
<S> <C> <C> <C>
Approximate |
Face Amount: [32,000,000] [30,000,000] | [$19,000,000] Notional Balance
|
Coupon: TBD TBD | [8.00%]
|
Price: TBD TBD | TBD
|
Yield: TBD TBD | TBD
|
Spread: TBD TBD | n/a
|
Exp Avg Life to Maturity: [9.77] yrs [6.33] yrs | [2.97] yrs
|
Exp Avg Life to 10% call: [7.37] yrs [6.12] yrs | [2.97] yrs
|
Exp 1st Prin Pmt: [11/15/03] [10/15/00] | n/a
|
Exp Mat: [07/15/27] [01/15/22] | [09/15/00]
|
Exp Mat to 10% call: [05/15/05] [05/15/05] | [09/15/00]
|
Stated Mat: [01/15/29] [01/15/29] | [09/15/00]
|
Expected Rating: AAA/Aaa/AAA AAA/Aaa/AAA | AAAr/Aaa/AAA
|
Pricing Speed: 25 % HEP 25 % HEP | 25 % HEP
|
Pricing Date: TBD TBD | TBD
|
Investor Settle Date: 09/25/97 09/25/97 | 09/25/97
|
Pmt Delay: 14 days 14 days | 14 days
|
Cut-off Date: 09/01/97 09/01/97 | n/a
|
Dated Date: 09/01/97 09/01/97 | 09/01/97
|
Int Pmt: 30/360 30/360 | 30/360
|
Pmt Terms: Monthly Monthly | Monthly
|
1st Int. Pmt Date: 10/15/97 10/15/97 | 10/15/97
|
Collateral Type: Fixed-Rate Fixed-Rate | fixed-rate
|
SMMEA Eligibility: non-SMMEA non-SMMEA | non-SMMEA
</TABLE>
- -------------------------------------------------------------------------------
Certificate Group One
Principal Paydown: 1) To the Class A-7 Certificateholders -- the Class A-7
Principal Distribution Amount
2) To the Class A-1 through A-6 Certificates, in
sequential order
Class A-7 Principal
Disbribution Amount: The applicable Class A-7 Principal Percentage
multiplied by the Class A-7 Principal Pro Rata
Distribution Amount for such Payment Date.
THE CLASS A-7 PRINCIPAL PERCENTAGE
--------------------------------
October 1997 to September 2000 ==(greater than) 0%
October 2000 to September 2002 ==(greater than) 45%
October 2002 to September 2003 ==(greater than) 80%
October 2003 to September 2004 ==(greater than) 100%
October 2004 and after ==(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>
UCFC Loan Trust 1997-C - Home Equity Loan Pass-Through Certificates
PRICING INFORMATION (Cont.)
-----------------------------------------------------------
CERTIFICATE GROUP TWO
COLLATERALIZED BY LOAN GROUP TWO (FLOATING-RATE COLLATERAL)
Certificate Group Two Co-Lead Manager: Prudential Securities Incorporated
Co-Lead Manager: Salomon Brothers Inc.
Class: A-8
Approximate
Face Amount: $[400,000,000]
Pass-Through Rate: The least of:
1) 1M LIBOR + TBD bps
2) Group Two Cap (described below)
After the Loan Group Two Cleanup Call, the least of:
1) 1M LIBOR + 2 x TBD bps
2) Group Two Cap
Price: Par
Yield: Variable
Spread: TBD
Index: 1 Month LIBOR
Disc. Margin: TBD
Avg Life to Call: [3.14] yrs
Avg Life to Maturity: [3.39] yrs
Exp. 1st Prin Payment: [10/15/97]
Exp Mat to Call: [07/15/04]
Exp Mat: [09/15/27]
Expected
Rating: AAA/Aaa/AAA
Pricing Spd: All "3/27" loans (including the prefunded "3/27" loans)
in Loan Group Two will use a pricing prepayment
assumption of [15]% CPR for the first [30] months and
[35]% CPR thereafter. All other loans in Loan Group Two
will use a pricing prepayment assumption of [28]% CPR.
Pricing Date: TBD
Investor
Settle Date: [09/25/97]
Pymt Delay: 0 days
Cut-off Date: 09/01/97
Stated Mat: [09/15/27]
Dated Date: [09/24/97]
Int Pymt: actual/360
Pymt Terms: Monthly
1st Int. Pymt Date: 10/15/97
Principal Paydown: All Loan Group Two principal is passed through to
Class A-8.
Eligibility: non-SMMEA Eligible
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>
UCFC Loan Trust 1997-C - Home Equity Loan Pass-Through Certificates
Group Two Cap:
Group Two Adjusted Net Coupon:
Net Coupon - fees ([14.6] bps) - surety carveout ([50] bps)*
The Group Two Cap on each Distribution Date will be the lesser of:
(i) Weighted Average Gross Life Cap: 16.344 %
Less Surety carveout 0.500 % *
Less Servicing 0.500 %
Less Fees 0.146 %
----------
15.198 %
(ii) Weighted Average Adjusted Net Coupon on the Group Two loans
for such Distribution Date.
* Carveout not applicable for the first [12] bond payments.
Basis Risk Shortfall Amount: If, on any Distribution Date, the Pass-Through
Rate for the Class A-8 Certificates is based upon
the Group Two Cap, the excess of (i) the amount of
interest the Class A-8 Certificates would be
entitled to receive on such Distribution Date at
the then-applicable Class A-8 LIBOR Rate over (ii)
the amount of interest such Class will receive on
such Distribution Date at the Group Two Cap,
together with the unpaid portion of any such
excess from prior Distribution Dates (and interest
accrued thereon at the then-applicable Class A-8
LIBOR Rate) is referred to as the Basis Risk
Shortfall Amount. Any Basis Risk Shortfall Amount
will be carried forward to the next Disbribution
Date until paid from the sources of funds and in
the priority set forth in the Pooling and
Servicing Agreement. The Servicer must pay the
Basis Risk Shortfall Amount prior to exercising
the 10% optional clean-up call on Loan Group Two .
The Basis Risk Shortfall Amount will not be
insured by the MBIA guarantee.
Monthly Group Two Cap Summary:
(calculated on 30/360 basis)
GROUP TWO
DATE CAP SUMMARY
- -------------
10/97 9.686 02/00 9.554
11/97 9.688 03/00 9.562
12/97 9.689 04/00 9.572
01/98 9.698 05/00 9.572
02/98 9.700 06/00 9.581
03/98 9.728 07/00 9.583
04/98 9.799 08/00 9.584
05/98 9.867 09/00 9.651
06/98 9.906 10/00 9.761
07/98 9.929 11/00 9.855
08/98 9.928 12/00 9.924
09/98 9.927 01/01 9.961
10/98 9.495 02/01 9.962
11/98 9.506 03/01 9.963
12/98 9.504
01/99 9.502
02/99 9.501
03/99 9.499
04/99 9.498
05/99 9.496
06/99 9.505
07/99 9.503
08/99 9.501
09/99 9.510
10/99 9.554
11/99 9.551
12/99 9.559
01/00 9.556
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>
UCFC Loan Trust 1997-C - Home Equity Loan Pass-Through Certificates
SUMMARY OF TERMS
--------------------------
Title of Securities: UCFC Loan Trust 1997-C, Home Equity Loan
Pass-Through Certificates (the "Trust") Class A-1, A-2,
A-3, A-4, A-5, A-6, A-7, A-IO ("Certificate Group One")
and Class A-8 ("Certificate Group Two").
Depositor: UCFC Acceptance Corporation.
Servicer: United Companies Lending Corporation.
Originators: The Home Equity Loans were, and any Subsequent Loans
will be, originated, either directly or through
correspondents or mortgage brokers, or purchased and
re-underwritten, by United Companies and certain
subsidiaries and affiliates thereof.
Trustee: Bankers Trust Company of California, N.A.
Aggregate
<TABLE>
<S> <C>
Certificate Balance: Certificate Group One (Fixed-Rate Collateral): $[300,000,000]
Certificate Group Two (Floating-Rate Collateral): $[400,000,000]
</TABLE>
Securities Offered: 100% MBIA-guaranteed, pass-through certificates.
Offering: Public shelf offering -- a prospectus and prospectus
supplement will be distributed after pricing.
Pricing Date: TBD
Investor
Settlement Date: September 25, 1997
Form of Certificates: Book-Entry form, same-day funds through DTC, Euroclear
and CEDEL
Pass-Through Rate: 1-Month LIBOR + TBD bps on Class A-1 Certificates *
TBD % on Class A-2 Certificates
TBD % on Class A-3 Certificates
TBD % on Class A-4 Certificates
TBD % on Class A-5 Certificates
TBD% on Class A-6 Certificates
TBD % on Class A-7 Certificates (NAS Bond)
[8.00]% on Class A-IO Certificates (NAS IO Bond)
1-Month LIBOR + TBD bps on Class A-8 Certificates *
* Subject to the Cap for their respective Loan Groups.
Prepayment
Assumption: For Certificate Group One, 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 Class A-8, all "3/27" loans (including the
prefunded "3/27" loans) in Loan Group Two will use a
pricing prepayment assumption of [15]% CPR for the
first [30] months and [35]% CPR thereafter. All other
loans in Loan Group Two will use a pricing prepayment
assumption of [28]% CPR.
Distribution 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 Class A-1 and Class A-8
Certificates and 14 days for the Class A-2, A-3, A-4,
A-5, A-6, A-7 and A-IO Certificates.
Interest Accrual
Period: The initial interest accrual period on the Class A-1
and A-8 Certificates will be from September 24th until
October 14th. In future periods, interest will accrue
on the Class A-1 and A-8 Certificates at the applicable
Pass-Through Rate from the preceeding Distribution Date
to and including the day prior to the current
Distribution Date.
Interest on the Class A-2 through A-7 and A-IO
Certificates will accrue from the first day of the
preceeding month until the 30th day of the preceeding
month.
Optional
Cleanup Call: The Servicer will have the right to purchase the Home
Equity Loans in each Loan Group on any Remittance Date
when the aggregate Loan Balance of the Home Equity
Loans in such Loan Group has declined to 10% or less of
an amount equal to the aggregate balances of the Home
Equity Loans of such Loan Group as of the Cut-Off Date
including the Subsequent Loans.
Certificate Group
Two Coupon Step-Up: If the Servicer does not exercise its option to call
the Home Equity Loans in Loan Group Two at the 10%
cleanup call date, then the coupon on the Class A-8
Certificates shall be raised to LIBOR + 2 x [TBD] bps
subject to the Group Two 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>
UCFC Loan Trust 1997-C - Home Equity Loan Pass-Through Certificates
Pre-Funding Account: On the closing date, approximately $[15,000,000] and
$[36,000,000] will be deposited in pre-funding accounts
for the purchase of additional fixed- and floating-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
floating-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: MBIA Insurance Corporation ("MBIA"). MBIA'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.
Credit Enhancement: A combination of:
(i) the use of Net Excess Cashflow;
(ii) a cross collateralized reserve account (may be
funded by a Letter of Credit); and
(iii) the Certificate Insurance Policy from MBIA.
Note: The initial deposit and required maintenance
levels of the Reserve Account will be sized by
the surety provider.
Servicing Fee: 50 basis points per annum.
ERISA Considerations: Subject to the considerations and
conditions described in the Prospectus Supplement, it
is expected that the Certificates may be purchased by
employee benefit plans that are subject to ERISA.
Taxation: REMIC.
Legal Investment: None of the Certificates will be SMMEA-eligible.
Certificates Ratings: "AAA" by S&P, "Aaa" by Moody's, and "AAA" by Fitch for
the Class A-1, A-2, A-3, A-4, A-5, A-6, A-7 and A-8
Certificates.
"AAAr" by S&P, "Aaa" by Moody's, and "AAA" by Fitch for
the Class A-IO Certificates.
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>
<TABLE>
<S> <C> <C>
CURRENT BALANCE: $93,000,000.00 DATED DATE: 09/24/97
CURRENT COUPON: 5.746% ucfc7cf FIRST PAYMENT: 10/15/97
FACTOR: 1.0000000000 TOTAL CLASSES: 8
ORIGINAL BALANCE: $93,000,000.00 BOND A1 DISCOUNT MARGIN ACT/360 TABLE YIELD TABLE DATE: 09/25/97
</TABLE>
ASSUMED CONSTANT LIBOR-1M 5.6563
<TABLE>
<CAPTION>
PRICING SPEED
25.0% 15.00% 18.00% 22.00% 28.00% 32.00% 35.00%
PRICE HEP HEP HEP HEP HEP HEP HEP
<S> <C> <C> <C> <C> <C> <C> <C>
99-24 37.364 29.172 31.806 35.079 39.540 42.264 44.206
99-24+ 35.588 27.909 30.378 33.446 37.628 40.181 42.002
99-25 33.813 26.646 28.951 31.813 35.716 38.099 39.798
99-25+ 32.038 25.384 27.524 30.181 33.805 36.017 37.595
99-26 30.263 24.122 26.097 28.550 31.894 33.936 35.392
99-26+ 28.489 22.860 24.670 26.918 29.984 31.855 33.190
99-27 26.715 21.598 23.243 25.287 28.074 29.775 30.988
99-27+ 24.941 20.337 21.817 23.656 26.164 27.695 28.786
99-28 23.168 19.076 20.391 22.026 24.254 25.615 26.585
99-28+ 21.395 17.815 18.966 20.396 22.346 23.536 24.385
99-29 19.622 16.554 17.541 18.766 20.437 21.457 22.184
99-29+ 17.850 15.294 16.116 17.137 18.529 19.379 19.985
99-30 16.078 14.034 14.691 15.508 16.621 17.301 17.785
99-30+ 14.307 12.774 13.267 13.879 14.714 15.223 15.587
99-31 12.535 11.514 11.843 12.251 12.807 13.146 13.388
99-31+ 10.765 10.255 10.419 10.622 10.900 11.069 11.190
100-00 8.994 8.996 8.995 8.995 8.994 8.993 8.993
100-00+ 7.224 7.737 7.572 7.367 7.088 6.917 6.796
100-01 5.454 6.479 6.149 5.740 5.183 4.842 4.599
100-01+ 3.685 5.220 4.727 4.113 3.277 2.767 2.403
100-02 1.916 3.962 3.304 2.487 1.373 0.692 0.207
100-02+ 0.148 2.705 1.882 0.861 -0.532 -1.382 -1.988
First Payment 0.056 0.056 0.056 0.056 0.056 0.056 0.056
Average Life 0.901 1.285 1.130 0.983 0.834 0.765 0.721
Last Payment 1.556 2.389 2.056 1.722 1.472 1.306 1.222
Mod.Dur. @ 100-00 0.850 1.195 1.058 0.925 0.790 0.725 0.685
</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>
<TABLE>
<S> <C> <C>
CURRENT BALANCE: $55,000,000.00 DATED DATE: 09/01/97
COUPON: 6.510% ucfc7cf FIRST PAYMENT: 10/15/97
FACTOR: 1.0000000000 TOTAL CLASSES: 8
ORIGINAL BALANCE: $55,000,000.00 BOND A2 PRICE-YIELD TABLE YIELD TABLE DATE: 09/25/97
</TABLE>
PREPAYMENT SPEED
<TABLE>
<CAPTION>
PRICING SPEED
25.0% 15.00% 18.00% 22.00% 28.00% 32.00% 35.00%
PRICE HEP HEP HEP HEP HEP HEP HEP
<S> <C> <C> <C> <C> <C> <C> <C>
99-24 6.597 6.598 6.597 6.597 6.597 6.597 6.596
99-24+ 6.589 6.592 6.591 6.590 6.588 6.586 6.585
99-25 6.580 6.586 6.585 6.582 6.578 6.576 6.574
99-25+ 6.572 6.581 6.578 6.575 6.569 6.566 6.563
99-26 6.563 6.575 6.572 6.567 6.560 6.556 6.552
99-26+ 6.555 6.570 6.565 6.559 6.551 6.545 6.541
99-27 6.547 6.564 6.559 6.552 6.542 6.535 6.530
99-27+ 6.538 6.559 6.552 6.544 6.532 6.525 6.519
99-28 6.530 6.553 6.546 6.537 6.523 6.514 6.508
99-28+ 6.522 6.547 6.539 6.529 6.514 6.504 6.497
99-29 6.513 6.542 6.533 6.522 6.505 6.494 6.486
99-29+ 6.505 6.536 6.527 6.514 6.496 6.484 6.475
99-30 6.496 6.531 6.520 6.506 6.486 6.473 6.464
99-30+ 6.488 6.525 6.514 6.499 6.477 6.463 6.453
99-31 6.480 6.519 6.507 6.491 6.468 6.453 6.442
99-31+ 6.471 6.514 6.501 6.484 6.459 6.443 6.431
100-00 6.463 6.508 6.494 6.476 6.450 6.432 6.420
100-00+ 6.454 6.503 6.488 6.469 6.441 6.422 6.409
100-01 6.446 6.497 6.481 6.461 6.431 6.412 6.398
100-01+ 6.438 6.492 6.475 6.454 6.422 6.402 6.387
100-02 6.429 6.486 6.469 6.446 6.413 6.391 6.376
100-02+ 6.421 6.480 6.462 6.438 6.404 6.381 6.365
100-03 6.413 6.475 6.456 6.431 6.395 6.371 6.353
100-03+ 6.404 6.469 6.449 6.423 6.386 6.361 6.342
100-04 6.396 6.464 6.443 6.416 6.376 6.350 6.331
100-04+ 6.388 6.458 6.436 6.408 6.367 6.340 6.320
100-05 6.379 6.453 6.430 6.401 6.358 6.330 6.309
100-05+ 6.371 6.447 6.424 6.393 6.349 6.320 6.298
100-06 6.362 6.441 6.417 6.386 6.340 6.310 6.287
100-06+ 6.354 6.436 6.411 6.378 6.331 6.299 6.276
100-07 6.346 6.430 6.404 6.371 6.321 6.289 6.265
100-07+ 6.337 6.425 6.398 6.363 6.312 6.279 6.254
First Payment 1.556 2.389 2.056 1.722 1.472 1.306 1.222
Average Life 2.049 3.194 2.724 2.289 1.857 1.652 1.528
Last Payment 2.556 4.139 3.472 2.889 2.306 2.056 1.889
Mod.Dur. @ 100-00 1.858 2.790 2.417 2.060 1.695 1.518 1.410
</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>
<TABLE>
<S> <C> <C>
CURRENT BALANCE: $39,000,000.00 DATED DATE: 09/01/97
COUPON: 6.610% ucfc7cf FIRST PAYMENT: 10/15/97
FACTOR: 1.0000000000 TOTAL CLASSES: 8
ORIGINAL BALANCE: $39,000,000.00 BOND A3 PRICE-YIELD TABLE YIELD TABLE DATE: 09/25/97
</TABLE>
PREPAYMENT SPEED
<TABLE>
<CAPTION>
PRICING SPEED
25.0% 15.00% 18.00% 22.00% 28.00% 32.00% 35.00%
PRICE HEP HEP HEP HEP HEP HEP HEP
<S> <C> <C> <C> <C> <C> <C> <C>
99-24 6.699 6.700 6.700 6.699 6.699 6.698 6.698
99-24+ 6.693 6.696 6.695 6.694 6.692 6.691 6.690
99-25 6.687 6.692 6.691 6.689 6.686 6.684 6.682
99-25+ 6.681 6.688 6.686 6.684 6.679 6.676 6.674
99-26 6.676 6.685 6.682 6.678 6.673 6.669 6.667
99-26+ 6.670 6.681 6.678 6.673 6.666 6.662 6.659
99-27 6.664 6.677 6.673 6.668 6.660 6.655 6.651
99-27+ 6.658 6.673 6.669 6.663 6.653 6.647 6.643
99-28 6.652 6.669 6.664 6.657 6.647 6.640 6.635
99-28+ 6.646 6.666 6.660 6.652 6.641 6.633 6.627
99-29 6.641 6.662 6.656 6.647 6.634 6.626 6.619
99-29+ 6.635 6.658 6.651 6.642 6.628 6.618 6.612
99-30 6.629 6.654 6.647 6.637 6.621 6.611 6.604
99-30+ 6.623 6.650 6.642 6.631 6.615 6.604 6.596
99-31 6.617 6.647 6.638 6.626 6.608 6.597 6.588
99-31+ 6.611 6.643 6.634 6.621 6.602 6.589 6.580
100-00 6.606 6.639 6.629 6.616 6.595 6.582 6.572
100-00+ 6.600 6.635 6.625 6.611 6.589 6.575 6.564
100-01 6.594 6.631 6.620 6.605 6.582 6.568 6.557
100-01+ 6.588 6.628 6.616 6.600 6.576 6.560 6.549
100-02 6.582 6.624 6.612 6.595 6.570 6.553 6.541
100-02+ 6.576 6.620 6.607 6.590 6.563 6.546 6.533
100-03 6.571 6.616 6.603 6.585 6.557 6.539 6.525
100-03+ 6.565 6.612 6.599 6.579 6.550 6.532 6.517
100-04 6.559 6.609 6.594 6.574 6.544 6.524 6.510
100-04+ 6.553 6.605 6.590 6.569 6.537 6.517 6.502
100-05 6.547 6.601 6.585 6.564 6.531 6.510 6.494
100-05+ 6.541 6.597 6.581 6.559 6.525 6.503 6.486
100-06 6.536 6.594 6.577 6.553 6.518 6.495 6.478
100-06+ 6.530 6.590 6.572 6.548 6.512 6.488 6.471
100-07 6.524 6.586 6.568 6.543 6.505 6.481 6.463
100-07+ 6.518 6.582 6.563 6.538 6.499 6.474 6.455
First Payment 2.556 4.139 3.472 2.889 2.306 2.056 1.889
Average Life 3.042 4.964 4.190 3.450 2.723 2.398 2.200
Last Payment 3.556 5.972 4.972 4.056 3.222 2.806 2.556
Mod.Dur. @ 100-00 2.669 4.096 3.543 2.988 2.414 2.148 1.984
</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>
<TABLE>
<S> <C> <C>
CURRENT BALANCE: $24,000,000.00 DATED DATE: 09/01/97
COUPON: 6.800% ucfc7cf FIRST PAYMENT: 10/15/97
FACTOR: 1.0000000000 TOTAL CLASSES: 8
ORIGINAL BALANCE: $24,000,000.00 BOND A4 PRICE-YIELD TABLE YIELD TABLE DATE: 09/25/97
</TABLE>
PREPAYMENT SPEED
<TABLE>
<CAPTION>
PRICING SPEED
25.0% 15.00% 18.00% 22.00% 28.00% 32.00% 35.00%
PRICE HEP HEP HEP HEP HEP HEP HEP
<S> <C> <C> <C> <C> <C> <C> <C>
99-24 6.893 6.894 6.894 6.893 6.892 6.892 6.891
99-24+ 6.888 6.891 6.890 6.889 6.887 6.886 6.885
99-25 6.884 6.888 6.887 6.885 6.882 6.880 6.878
99-25+ 6.879 6.885 6.883 6.881 6.877 6.874 6.872
99-26 6.874 6.882 6.880 6.877 6.872 6.868 6.866
99-26+ 6.870 6.879 6.877 6.873 6.867 6.863 6.859
99-27 6.865 6.877 6.873 6.869 6.862 6.857 6.853
99-27+ 6.861 6.874 6.870 6.865 6.857 6.851 6.847
99-28 6.856 6.871 6.866 6.860 6.852 6.845 6.840
99-28+ 6.852 6.868 6.863 6.856 6.846 6.839 6.834
99-29 6.847 6.865 6.859 6.852 6.841 6.834 6.828
99-29+ 6.842 6.862 6.856 6.848 6.836 6.828 6.822
99-30 6.838 6.859 6.852 6.844 6.831 6.822 6.815
99-30+ 6.833 6.856 6.849 6.840 6.826 6.816 6.809
99-31 6.829 6.853 6.846 6.836 6.821 6.810 6.803
99-31+ 6.824 6.850 6.842 6.832 6.816 6.805 6.796
100-00 6.819 6.847 6.839 6.828 6.811 6.799 6.790
100-00+ 6.815 6.844 6.835 6.824 6.806 6.793 6.784
100-01 6.810 6.841 6.832 6.820 6.801 6.787 6.777
100-01+ 6.806 6.838 6.828 6.816 6.796 6.781 6.771
100-02 6.801 6.835 6.825 6.811 6.791 6.776 6.765
100-02+ 6.797 6.832 6.821 6.807 6.785 6.770 6.758
100-03 6.792 6.829 6.818 6.803 6.780 6.764 6.752
100-03+ 6.788 6.826 6.815 6.799 6.775 6.758 6.746
100-04 6.783 6.823 6.811 6.795 6.770 6.752 6.740
100-04+ 6.778 6.820 6.808 6.791 6.765 6.747 6.733
100-05 6.774 6.818 6.804 6.787 6.760 6.741 6.727
100-05+ 6.769 6.815 6.801 6.783 6.755 6.735 6.721
100-06 6.765 6.812 6.797 6.779 6.750 6.729 6.714
100-06+ 6.760 6.809 6.794 6.775 6.745 6.724 6.708
100-07 6.756 6.806 6.791 6.771 6.740 6.718 6.702
100-07+ 6.751 6.803 6.787 6.767 6.735 6.712 6.696
First Payment 3.556 5.972 4.972 4.056 3.222 2.806 2.556
Average Life 4.018 6.813 5.619 4.581 3.561 3.075 2.797
Last Payment 4.472 8.056 6.389 5.139 3.972 3.389 3.056
Mod.Dur. @ 100-00 3.404 5.275 4.520 3.810 3.062 2.686 2.466
</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>
<TABLE>
<S> <C> <C>
CURRENT BALANCE: $27,000,000.00 DATED DATE: 09/01/97
COUPON: 6.920% ucfc7cf FIRST PAYMENT: 10/15/97
FACTOR: 1.0000000000 TOTAL CLASSES: 8
ORIGINAL BALANCE: $27,000,000.00 BOND A5 PRICE-YIELD TABLE YIELD TABLE DATE: 09/25/97
</TABLE>
PREPAYMENT SPEED
<TABLE>
<CAPTION>
PRICING SPEED
25.0% 15.00% 18.00% 22.00% 28.00% 32.00% 35.00%
PRICE HEP HEP HEP HEP HEP HEP HEP
<S> <C> <C> <C> <C> <C> <C> <C>
99-24 7.016 7.018 7.017 7.016 7.015 7.015 7.014
99-24+ 7.012 7.015 7.015 7.013 7.011 7.010 7.009
99-25 7.009 7.013 7.012 7.010 7.007 7.005 7.004
99-25+ 7.005 7.011 7.009 7.007 7.003 7.001 6.999
99-26 7.001 7.008 7.007 7.003 6.999 6.996 6.994
99-26+ 6.998 7.006 7.004 7.000 6.995 6.991 6.988
99-27 6.994 7.004 7.001 6.997 6.991 6.987 6.983
99-27+ 6.990 7.002 6.999 6.994 6.987 6.982 6.978
99-28 6.986 6.999 6.996 6.990 6.983 6.977 6.973
99-28+ 6.983 6.997 6.993 6.987 6.978 6.973 6.968
99-29 6.979 6.995 6.991 6.984 6.974 6.968 6.963
99-29+ 6.975 6.992 6.988 6.981 6.970 6.963 6.958
99-30 6.972 6.990 6.985 6.977 6.966 6.959 6.953
99-30+ 6.968 6.988 6.983 6.974 6.962 6.954 6.947
99-31 6.964 6.986 6.980 6.971 6.958 6.949 6.942
99-31+ 6.961 6.983 6.977 6.968 6.954 6.945 6.937
100-00 6.957 6.981 6.975 6.964 6.950 6.940 6.932
100-00+ 6.953 6.979 6.972 6.961 6.946 6.935 6.927
100-01 6.950 6.976 6.969 6.958 6.942 6.931 6.922
100-01+ 6.946 6.974 6.967 6.955 6.937 6.926 6.917
100-02 6.942 6.972 6.964 6.951 6.933 6.921 6.912
100-02+ 6.939 6.969 6.961 6.948 6.929 6.917 6.906
100-03 6.935 6.967 6.959 6.945 6.925 6.912 6.901
100-03+ 6.931 6.965 6.956 6.942 6.921 6.907 6.896
100-04 6.928 6.963 6.954 6.938 6.917 6.903 6.891
100-04+ 6.924 6.960 6.951 6.935 6.913 6.898 6.886
100-05 6.920 6.958 6.948 6.932 6.909 6.893 6.881
100-05+ 6.917 6.956 6.946 6.929 6.905 6.889 6.876
100-06 6.913 6.953 6.943 6.925 6.901 6.884 6.871
100-06+ 6.909 6.951 6.940 6.922 6.897 6.879 6.865
100-07 6.906 6.949 6.938 6.919 6.893 6.875 6.860
100-07+ 6.902 6.947 6.935 6.916 6.888 6.870 6.855
First Payment 4.472 8.056 6.389 5.139 3.972 3.389 3.056
Average Life 5.216 9.608 7.885 6.061 4.582 3.936 3.538
Last Payment 6.139 11.306 9.722 7.639 5.306 4.556 4.056
Mod.Dur. @ 100-00 4.234 6.783 5.865 4.784 3.797 3.333 3.035
</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>
<TABLE>
<S> <C> <C>
CURRENT BALANCE: $32,000,000.00 DATED DATE: 09/01/97
COUPON: 7.265% ucfc7cf FIRST PAYMENT: 10/15/97
FACTOR: 1.0000000000 TOTAL CLASSES: 8
ORIGINAL BALANCE: $32,000,000.00 BOND A6 PRICE-YIELD TABLE YIELD TABLE DATE: 09/25/97
</TABLE>
PREPAYMENT SPEED
<TABLE>
<CAPTION>
PRICING SPEED
25.0% 15.00% 18.00% 22.00% 28.00% 32.00% 35.00%
PRICE HEP HEP HEP HEP HEP HEP HEP
<S> <C> <C> <C> <C> <C> <C> <C>
99-24 7.371 7.372 7.372 7.371 7.370 7.369 7.369
99-24+ 7.369 7.370 7.370 7.369 7.368 7.366 7.365
99-25 7.366 7.368 7.368 7.367 7.365 7.363 7.362
99-25+ 7.364 7.367 7.366 7.365 7.363 7.360 7.359
99-26 7.361 7.365 7.364 7.363 7.360 7.357 7.355
99-26+ 7.359 7.363 7.362 7.361 7.357 7.354 7.352
99-27 7.357 7.361 7.360 7.359 7.355 7.351 7.348
99-27+ 7.354 7.359 7.358 7.356 7.352 7.348 7.345
99-28 7.352 7.358 7.356 7.354 7.349 7.345 7.342
99-28+ 7.350 7.356 7.354 7.352 7.347 7.342 7.338
99-29 7.347 7.354 7.352 7.350 7.344 7.339 7.335
99-29+ 7.345 7.352 7.351 7.348 7.342 7.336 7.332
99-30 7.343 7.350 7.349 7.346 7.339 7.333 7.328
99-30+ 7.340 7.349 7.347 7.344 7.336 7.330 7.325
99-31 7.338 7.347 7.345 7.341 7.334 7.327 7.322
99-31+ 7.336 7.345 7.343 7.339 7.331 7.324 7.318
100-00 7.333 7.343 7.341 7.337 7.329 7.321 7.315
100-00+ 7.331 7.342 7.339 7.335 7.326 7.318 7.311
100-01 7.329 7.340 7.337 7.333 7.323 7.315 7.308
100-01+ 7.326 7.338 7.335 7.331 7.321 7.312 7.305
100-02 7.324 7.336 7.333 7.329 7.318 7.309 7.301
100-02+ 7.322 7.334 7.331 7.327 7.316 7.306 7.298
100-03 7.319 7.333 7.329 7.324 7.313 7.303 7.295
100-03+ 7.317 7.331 7.327 7.322 7.310 7.300 7.291
100-04 7.315 7.329 7.326 7.320 7.308 7.297 7.288
100-04+ 7.312 7.327 7.324 7.318 7.305 7.294 7.284
100-05 7.310 7.325 7.322 7.316 7.303 7.291 7.281
100-05+ 7.308 7.324 7.320 7.314 7.300 7.288 7.278
100-06 7.305 7.322 7.318 7.312 7.297 7.285 7.274
100-06+ 7.303 7.320 7.316 7.310 7.295 7.282 7.271
100-07 7.300 7.318 7.314 7.307 7.292 7.279 7.268
100-07+ 7.298 7.316 7.312 7.305 7.290 7.276 7.264
First Payment 6.139 11.306 9.722 7.639 5.306 4.556 4.056
Average Life 9.774 14.812 13.157 11.208 8.490 7.009 6.059
Last Payment 29.806 29.806 29.806 29.806 29.806 29.806 29.806
Mod.Dur. @ 100-00 6.628 8.667 8.084 7.297 5.978 5.170 4.618
</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>
<TABLE>
<S> <C> <C>
CURRENT BALANCE: $30,000,000.00 DATED DATE: 09/01/97
COUPON: 6.880% ucfc7cf FIRST PAYMENT: 10/15/97
FACTOR: 1.0000000000 TOTAL CLASSES: 8
ORIGINAL BALANCE: $30,000,000.00 BOND A7 PRICE-YIELD TABLE YIELD TABLE DATE: 09/25/97
</TABLE>
PREPAYMENT SPEED
<TABLE>
<CAPTION>
PRICING SPEED
25.0% 15.00% 18.00% 22.00% 28.00% 32.00% 35.00%
PRICE HEP HEP HEP HEP HEP HEP HEP
<S> <C> <C> <C> <C> <C> <C> <C>
99-24 6.976 6.976 6.976 6.976 6.976 6.976 6.975
99-24+ 6.973 6.973 6.973 6.973 6.972 6.972 6.972
99-25 6.969 6.970 6.970 6.970 6.969 6.969 6.969
99-25+ 6.966 6.967 6.967 6.967 6.966 6.966 6.965
99-26 6.963 6.965 6.964 6.963 6.963 6.962 6.962
99-26+ 6.960 6.962 6.961 6.960 6.959 6.959 6.959
99-27 6.957 6.959 6.958 6.957 6.956 6.956 6.955
99-27+ 6.953 6.956 6.955 6.954 6.953 6.952 6.952
99-28 6.950 6.953 6.952 6.951 6.950 6.949 6.948
99-28+ 6.947 6.950 6.949 6.948 6.946 6.946 6.945
99-29 6.944 6.947 6.946 6.945 6.943 6.942 6.942
99-29+ 6.941 6.944 6.943 6.942 6.940 6.939 6.938
99-30 6.938 6.941 6.940 6.939 6.937 6.936 6.935
99-30+ 6.934 6.939 6.937 6.936 6.933 6.932 6.931
99-31 6.931 6.936 6.934 6.932 6.930 6.929 6.928
99-31+ 6.928 6.933 6.931 6.929 6.927 6.926 6.925
100-00 6.925 6.930 6.928 6.926 6.924 6.922 6.921
100-00+ 6.922 6.927 6.925 6.923 6.920 6.919 6.918
100-01 6.919 6.924 6.922 6.920 6.917 6.916 6.914
100-01+ 6.915 6.921 6.919 6.917 6.914 6.912 6.911
100-02 6.912 6.918 6.916 6.914 6.911 6.909 6.908
100-02+ 6.909 6.916 6.913 6.911 6.907 6.906 6.904
100-03 6.906 6.913 6.910 6.908 6.904 6.902 6.901
100-03+ 6.903 6.910 6.907 6.905 6.901 6.899 6.898
100-04 6.900 6.907 6.904 6.902 6.898 6.896 6.894
100-04+ 6.896 6.904 6.901 6.898 6.894 6.892 6.891
100-05 6.893 6.901 6.899 6.895 6.891 6.889 6.887
100-05+ 6.890 6.898 6.896 6.892 6.888 6.886 6.884
100-06 6.887 6.895 6.893 6.889 6.885 6.882 6.881
100-06+ 6.884 6.893 6.890 6.886 6.882 6.879 6.877
100-07 6.881 6.890 6.887 6.883 6.878 6.876 6.874
100-07+ 6.877 6.887 6.884 6.880 6.875 6.872 6.871
First Payment 3.056 3.056 3.056 3.056 3.056 3.056 3.056
Average Life 6.328 7.180 6.873 6.538 6.152 5.960 5.839
Last Payment 24.389 28.972 28.056 26.139 22.639 20.639 19.722
Mod.Dur. @ 100-00 4.902 5.401 5.226 5.029 4.794 4.673 4.595
</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>
<TABLE>
<S> <C> <C>
CURRENT BALANCE: $19,000,000.00 DATED DATE: 09/01/97
COUPON: 8.000% ucfc7cf FIRST PAYMENT: 10/15/97
FACTOR: 1.0000000000 TOTAL CLASSES: 8
ORIGINAL BALANCE: $19,000,000.00 BOND A-IO PRICE-YIELD TABLE YIELD TABLE DATE: 09/25/97
</TABLE>
PREPAYMENT SPEED
<TABLE>
<CAPTION>
PRICING SPEED
25.0% 15.00% 18.00% 22.00% 28.00% 32.00% 35.00%
PRICE HEP HEP HEP HEP HEP HEP HEP
<S> <C> <C> <C> <C> <C> <C> <C>
20-26 8.054 8.054 8.054 8.054 8.054 8.054 8.054
20-26+ 8.001 8.001 8.001 8.001 8.001 8.001 8.001
20-27 7.949 7.949 7.949 7.949 7.949 7.949 7.949
20-27+ 7.897 7.897 7.897 7.897 7.897 7.897 7.897
20-28 7.845 7.845 7.845 7.845 7.845 7.845 7.845
20-28+ 7.793 7.793 7.793 7.793 7.793 7.793 7.793
20-29 7.741 7.741 7.741 7.741 7.741 7.741 7.741
20-29+ 7.689 7.689 7.689 7.689 7.689 7.689 7.689
20-30 7.637 7.637 7.637 7.637 7.637 7.637 7.637
20-30+ 7.585 7.585 7.585 7.585 7.585 7.585 7.585
20-31 7.533 7.533 7.533 7.533 7.533 7.533 7.533
20-31+ 7.482 7.482 7.482 7.482 7.482 7.482 7.482
21-00 7.430 7.430 7.430 7.430 7.430 7.430 7.430
21-00+ 7.379 7.379 7.379 7.379 7.379 7.379 7.379
21-01 7.327 7.327 7.327 7.327 7.327 7.327 7.327
21-01+ 7.276 7.276 7.276 7.276 7.276 7.276 7.276
21-02 7.224 7.224 7.224 7.224 7.224 7.224 7.224
21-02+ 7.173 7.173 7.173 7.173 7.173 7.173 7.173
21-03 7.122 7.122 7.122 7.122 7.122 7.122 7.122
21-03+ 7.071 7.071 7.071 7.071 7.071 7.071 7.071
21-04 7.020 7.020 7.020 7.020 7.020 7.020 7.020
21-04+ 6.969 6.969 6.969 6.969 6.969 6.969 6.969
21-05 6.918 6.918 6.918 6.918 6.918 6.918 6.918
21-05+ 6.867 6.867 6.867 6.867 6.867 6.867 6.867
21-06 6.816 6.816 6.816 6.816 6.816 6.816 6.816
21-06+ 6.765 6.765 6.765 6.765 6.765 6.765 6.765
21-07 6.714 6.714 6.714 6.714 6.714 6.714 6.714
21-07+ 6.664 6.664 6.664 6.664 6.664 6.664 6.664
21-08 6.613 6.613 6.613 6.613 6.613 6.613 6.613
21-08+ 6.562 6.562 6.562 6.562 6.562 6.562 6.562
21-09 6.512 6.512 6.512 6.512 6.512 6.512 6.512
21-09+ 6.462 6.462 6.462 6.462 6.462 6.462 6.462
First Payment 2.972 2.972 2.972 2.972 2.972 2.972 2.972
Average Life 2.972 2.972 2.972 2.972 2.972 2.972 2.972
Last Payment 2.972 2.972 2.972 2.972 2.972 2.972 2.972
Mod.Dur. @ 21-02 1.410 1.410 1.410 1.410 1.410 1.410 1.410
</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>
<TABLE>
<S> <C> <C>
CURRENT BALANCE: $400,000,000.00 DATED DATE: 09/24/97
CURRENT COUPON: TBD ucfc7ca FIRST PAYMENT: 10/15/97
FACTOR: 1.0000000000 TOTAL CLASSES: 3
ORIGINAL BALANCE: $400,000,000.00 BOND A8 DISCOUNT MARGIN ACT/360 TABLE YIELD TABLE DATE: 09/25/97
</TABLE>
ASSUMED CONSTANT LIBOR-1M 5.6563
*********** TO CALL ************
<TABLE>
<CAPTION>
PRICING SPEED
100PPC 50PPC 75PPC 125PPC 150PPC 175PPC 200PPC
<S> <C> <C> <C> <C> <C> <C> <C>
99-24 28.969 25.451 27.221 30.685 32.369 34.109 35.838
99-24+ 28.407 25.109 26.769 30.016 31.595 33.226 34.846
99-25 27.846 24.768 26.316 29.347 30.820 32.342 33.854
99-25+ 27.284 24.427 25.864 28.678 30.046 31.459 32.863
99-26 26.723 24.086 25.413 28.009 29.272 30.576 31.872
99-26+ 26.162 23.745 24.961 27.341 28.498 29.693 30.881
99-27 25.601 23.404 24.509 26.672 27.724 28.811 29.890
99-27+ 25.040 23.063 24.058 26.004 26.951 27.929 28.900
99-28 24.479 22.722 23.606 25.336 26.177 27.046 27.909
99-28+ 23.919 22.381 23.155 24.668 25.404 26.164 26.919
99-29 23.358 22.041 22.704 24.001 24.631 25.283 25.930
99-29+ 22.798 21.700 22.252 23.333 23.858 24.401 24.940
99-30 22.238 21.360 21.801 22.666 23.086 23.520 23.951
99-30+ 21.677 21.019 21.351 21.998 22.313 22.639 22.962
99-31 21.118 20.679 20.900 21.331 21.541 21.758 21.973
99-31+ 20.558 20.339 20.449 20.664 20.769 20.877 20.985
100-00 19.998 19.999 19.998 19.998 19.997 19.997 19.997
100-00+ 19.439 19.659 19.548 19.331 19.226 19.117 19.009
100-01 18.879 19.319 19.098 18.665 18.454 18.237 18.021
100-01+ 18.320 18.979 18.647 17.998 17.683 17.357 17.033
100-02 17.761 18.639 18.197 17.332 16.912 16.477 16.046
100-02+ 17.202 18.300 17.747 16.666 16.141 15.598 15.059
100-03 16.643 17.960 17.297 16.001 15.370 14.719 14.072
100-03+ 16.084 17.621 16.848 15.335 14.600 13.840 13.086
100-04 15.526 17.281 16.398 14.669 13.829 12.961 12.099
100-04+ 14.967 16.942 15.948 14.004 13.059 12.083 11.113
100-05 14.409 16.603 15.499 13.339 12.289 11.204 10.128
100-05+ 13.851 16.264 15.050 12.674 11.519 10.326 9.142
100-06 13.293 15.925 14.600 12.009 10.750 9.448 8.157
100-06+ 12.735 15.586 14.151 11.344 9.980 8.571 7.172
100-07 12.177 15.247 13.702 10.680 9.211 7.693 6.187
100-07+ 11.619 14.908 13.253 10.016 8.442 6.816 5.202
First Payment 0.056 0.056 0.056 0.056 0.056 0.056 0.056
Average Life 3.137 5.733 4.044 2.575 2.192 1.900 1.680
Last Payment 6.806 13.139 9.056 5.472 4.639 3.972 3.556
Mod.Dur. @ 100-00 2.686 4.419 3.336 2.255 1.948 1.707 1.521
</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>
- --------------------------------------------------------------------------------
- UCFC HEL 1997-C
- Cut Off Date of Tape is 09/01/97
- Loan Group One -- Fixed Rate Collateral
- Marketing Tape Collateral Balance $225,260,879.97
- Mortgage Summary Report
- --------------------------------------------------------------------------------
Number of Mortgage Loans: 5,419
Aggregate Unpaid Principal Balance: $225,260,879.97
Aggregate Original Principal Balance: $225,696,915.53
Weighted Average Gross Coupon: 11.877%
Gross Coupon Range: 8.250% - 15.850%
- --------------------------------------------------------------------------------
Average Unpaid Principal Balance: $41,568.72
Average Original Principal Balance: $41,649.18
Maximum Unpaid Principal Balance: $451,500.00
Minimum Unpaid Principal Balance: $5,000.00
Maximum Original Principal Balance: $451,500.00
Minimum Original Principal Balance: $5,000.00
Weighted Avg. Stated Rem. Term (PTD to Mat Date): 241.281
Stated Rem Term Range: 48.000 - 360.000
Weighted Avg. Amortized Rem. Term: 250.015
Amortized Rem Term Range: 48.000 - 360.119
Weighted Average Age : 0.743
Age Range: 0.000 - 157.000
Weighted Average Original Term: 242.024
Original Term Range: 48.000 - 360.000
Weighted Average Note LTV: 77.990
Note LTV Range: 7.500% - 100.000%
- --------------------------------------------------------------------------------
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>
Distribution of Outstanding Loan Balances as of the Cut-Off Date
<TABLE>
<CAPTION>
- -----------------------------------------------------------------------------------------------------------------------
Aggregate Unpaid % of Aggr
Percent of Loan Balance Unpaid Loan
Range of Number of Number As of the Balance as of
Loan Balances Loans of Loans Cut-Off Date the Cut-Off Date
<S> <C> <C> <C> <C>
0 (less than) Balance (less than)= 50,000 4039 74.53 115,764,611.53 51.39
50,000 (less than) Balance (less than)= 100,000 1153 21.28 76,451,107.18 33.94
100,000 (less than) Balance (less than)= 150,000 169 3.12 20,032,171.97 8.89
150,000 (less than) Balance (less than)= 200,000 28 0.52 4,804,081.32 2.13
200,000 (less than) Balance (less than)= 250,000 16 0.30 3,601,451.11 1.60
250,000 (less than) Balance (less than)= 300,000 5 0.09 1,354,015.11 0.60
300,000 (less than) Balance (less than)= 350,000 5 0.09 1,626,337.99 0.72
350,000 (less than) Balance (less than)= 400,000 2 0.04 725,603.76 0.32
400,000 (less than) Balance (less than)= 450,000 1 0.02 450,000.00 0.20
450,000 (less than) Balance (less than)= 500,000 1 0.02 451,500.00 0.20
- -----------------------------------------------------------------------------------------------------------------------
Total.................... 5419 100.00% 225,260,879.97 100.00%
=======================================================================================================================
</TABLE>
GROSS COUPON
<TABLE>
<CAPTION>
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Percent of Principal Principal
Gross Coupon Loans Loan Count Balance Balance
<S> <C> <C> <C> <C>
8.00% (less than) Gross Cpn (less than)= 8.50% 2 0.04 130,798.17 0.06
8.50% (less than) Gross Cpn (less than)= 9.00% 8 0.15 769,906.77 0.34
9.00% (less than) Gross Cpn (less than)= 9.50% 19 0.35 1,770,958.99 0.79
9.50% (less than) Gross Cpn (less than)= 10.00% 208 3.84 9,048,420.62 4.02
10.00% (less than) Gross Cpn (less than)= 10.50% 281 5.19 15,502,078.55 6.88
10.50% (less than) Gross Cpn (less than)= 11.00% 581 10.72 28,997,932.92 12.87
11.00% (less than) Gross Cpn (less than)= 11.50% 729 13.45 34,020,559.93 15.10
11.50% (less than) Gross Cpn (less than)= 12.00% 948 17.49 41,227,994.53 18.30
12.00% (less than) Gross Cpn (less than)= 12.50% 955 17.62 38,392,601.26 17.04
12.50% (less than) Gross Cpn (less than)= 13.00% 634 11.70 22,441,022.91 9.96
13.00% (less than) Gross Cpn (less than)= 13.50% 658 12.14 20,008,143.53 8.88
13.50% (less than) Gross Cpn (less than)= 14.00% 197 3.64 7,817,096.66 3.47
14.00% (less than) Gross Cpn (less than)= 14.50% 105 1.94 2,827,767.05 1.26
14.50% (less than) Gross Cpn (less than)= 15.00% 37 0.68 938,011.83 0.42
15.00% (less than) Gross Cpn (less than)= 15.50% 33 0.61 803,844.51 0.36
15.50% (less than) Gross Cpn (less than)= 16.00% 24 0.44 563,741.74 0.25
- -----------------------------------------------------------------------------------------------------------------------
Total.................... 5,419 100.00 225,260,879.97 100.00
=======================================================================================================================
</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>
<TABLE>
<CAPTION>
REMAINING TERM
--------------------------------------------------------------------------------------------------------
Aggregate Percent of
Unpaid Aggregate
Number of Percent of Principal Principal
Rem Term Loan Loan Count Balance Balance
<S> <C> <C> <C> <C>
36 (less than) Rem Term (less than)= 48 2 0.04 20,000.00 0.01
48 (less than) Rem Term (less than)= 60 108 1.99 2,151,134.35 0.95
60 (less than) Rem Term (less than)= 72 11 0.20 204,140.78 0.09
72 (less than) Rem Term (less than)= 84 50 0.92 928,614.75 0.41
84 (less than) Rem Term (less than)= 96 23 0.42 460,893.06 0.20
96 (less than) Rem Term (less than)= 108 3 0.06 53,247.28 0.02
108 (less than) Rem Term (less than)= 120 618 11.40 14,656,697.73 6.51
120 (less than) Rem Term (less than)= 132 1 0.02 19,921.45 0.01
132 (less than) Rem Term (less than)= 144 230 4.24 6,148,746.66 2.73
144 (less than) Rem Term (less than)= 156 4 0.07 96,005.22 0.04
156 (less than) Rem Term (less than)= 168 5 0.09 160,139.60 0.07
168 (less than) Rem Term (less than)= 180 2,434 44.92 88,957,973.81 39.49
192 (less than) Rem Term (less than)= 204 1 0.02 44,656.77 0.02
204 (less than) Rem Term (less than)= 216 2 0.04 73,742.07 0.03
216 (less than) Rem Term (less than)= 228 1 0.02 41,715.04 0.02
228 (less than) Rem Term (less than)= 240 799 14.74 37,283,664.07 16.55
264 (less than) Rem Term (less than)= 276 1 0.02 14,985.50 0.01
288 (less than) Rem Term (less than)= 300 38 0.70 1,545,225.91 0.69
324 (less than) Rem Term (less than)= 336 2 0.04 204,508.64 0.09
336 (less than) Rem Term (less than)= 348 2 0.04 313,523.45 0.14
348 (less than) Rem Term (less than)= 360 1,084 20.00 71,881,343.83 31.91
- ----------------------------------------------------------------------------------------------------------
Total.................... 5,419 100.00% 225,260,879.97 100.00%
==========================================================================================================
</TABLE>
<TABLE>
<CAPTION>
AGE IN MONTHS
--------------------------------------------------------------------------------------------------------
Aggregate Percent of
Unpaid Aggregate
Number of Percent of Principal Principal
Age Loans Loan Count Balance Balance
<S> <C> <C> <C> <C>
0 (less than) Age (less than)= 6 5,398 99.61 224,203,597.96 99.53
6 (less than) Age (less than)= 12 2 0.04 50,361.30 0.02
12 (less than) Age (less than)= 18 3 0.06 290,011.79 0.13
18 (less than) Age (less than)= 24 4 0.07 243,587.28 0.11
24 (less than) Age (less than)= 30 3 0.06 220,831.03 0.10
66 (less than) Age (less than)= 72 1 0.02 7,591.56 0.00
78 (less than) Age (less than)= 84 1 0.02 25,022.26 0.01
84 (less than) Age (less than)= 90 2 0.04 43,807.58 0.02
90 (less than) Age (less than)= 96 2 0.04 50,063.10 0.02
114 (less than) Age (less than)= 120 1 0.02 17,589.98 0.01
126 (less than) Age (less than)= 132 1 0.02 63,759.36 0.03
156 (less than) Age (less than)= 168 1 0.02 44,656.77 0.02
- ----------------------------------------------------------------------------------------------------------
Total.................... 5,419 100.00% 225,260,879.97 100.00%
==========================================================================================================
</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>
<TABLE>
<CAPTION>
GEOGRAPHICAL DISTRIBUTION OF MORTGAGED PROPERTIES
-------------------------------------------------------------------------------------
Aggregate Percent of
Unpaid Aggregate
Number of Percent of Principal Principal
State Loans Loan Count Balance Balance
<S> <C> <C> <C> <C>
Alabama 36 0.66% 1,478,938.39 0.66
Alaska 2 0.04% 125,113.12 0.06
Arizona 29 0.54% 1,416,090.79 0.63
Arkansas 145 2.68% 5,881,503.27 2.61
California 122 2.25% 6,168,359.29 2.74
Colorado 28 0.52% 1,397,321.41 0.62
Connecticut 30 0.55% 2,168,460.40 0.96
Delaware 3 0.06% 96,784.74 0.04
Dist of Col 3 0.06% 234,711.30 0.10
Florida 509 9.39% 22,581,883.48 10.02
Georgia 198 3.65% 9,081,066.76 4.03
Idaho 10 0.18% 372,698.89 0.17
Illinois 80 1.48% 3,524,670.21 1.56
Indiana 237 4.37% 8,047,082.51 3.57
Iowa 21 0.39% 642,265.17 0.29
Kansas 7 0.13% 280,955.72 0.12
Kentucky 116 2.14% 4,585,238.47 2.04
Louisiana 776 14.32% 30,249,835.70 13.43
Maine 42 0.78% 1,998,820.09 0.89
Maryland 52 0.96% 3,025,326.75 1.34
Massachsetts 26 0.48% 830,072.77 0.37
Michigan 333 6.15% 12,616,861.92 5.60
Minnesota 12 0.22% 390,317.10 0.17
Mississippi 320 5.91% 12,589,108.53 5.59
Missouri 100 1.85% 3,644,053.52 1.62
Montana 8 0.15% 371,756.03 0.17
Nebraska 12 0.22% 245,181.28 0.11
Nevada 10 0.18% 600,171.01 0.27
New Hampshire 25 0.46% 1,039,725.56 0.46
New Jersey 47 0.87% 3,398,033.75 1.51
New Mexico 11 0.20% 612,551.67 0.27
New York 260 4.80% 10,975,718.74 4.87
North Carolina 360 6.64% 16,062,600.52 7.13
North Dakota 1 0.02% 20,720.00 0.01
Ohio 264 4.87% 10,379,804.46 4.61
Oklahoma 178 3.28% 5,456,204.99 2.42
Oregon 13 0.24% 683,889.74 0.30
Pennsylvania 301 5.55% 11,179,728.60 4.96
Rhode Island 4 0.07% 80,062.38 0.04
South Carolina 216 3.99% 8,758,210.60 3.89
South Dakota 1 0.02% 45,000.00 0.02
Tennessee 233 4.30% 10,915,709.98 4.85
Texas 12 0.22% 481,346.03 0.21
Utah 7 0.13% 685,414.44 0.30
Vermont 6 0.11% 424,720.06 0.19
Virginia 55 1.01% 2,846,299.44 1.26
Washington 23 0.42% 1,638,465.23 0.73
West Virginia 60 1.11% 2,472,069.94 1.10
Wisconsin 75 1.38% 2,459,955.22 1.09
- -------------------------------------------------------------------------------------
Total................... 5,419 100.00% 225,260,879.97 100.00%
=====================================================================================
</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>
<TABLE>
<CAPTION>
NOTE LOAN-TO-VALUE RATIOS
--------------------------------------------------------------------------------------------------------
Aggregate Percent of
Note Unpaid Aggregate
Loan-To-Value Number of Percent of Principal Principal
Ratio Loans Loan Count Balance Balance
<S> <C> <C> <C> <C>
5.000 (less than) LTV (less than)= 10.000 2 0.04 25,747.09 0.01
10.000 (less than) LTV (less than)= 15.000 4 0.07 42,745.48 0.02
15.000 (less than) LTV (less than)= 20.000 18 0.33 292,139.08 0.13
20.000 (less than) LTV (less than)= 25.000 38 0.70 637,011.11 0.28
25.000 (less than) LTV (less than)= 30.000 50 0.92 1,103,662.05 0.49
30.000 (less than) LTV (less than)= 35.000 62 1.14 1,230,449.17 0.55
35.000 (less than) LTV (less than)= 40.000 89 1.64 2,172,682.05 0.96
40.000 (less than) LTV (less than)= 45.000 83 1.53 2,110,858.63 0.94
45.000 (less than) LTV (less than)= 50.000 138 2.55 3,548,922.73 1.58
50.000 (less than) LTV (less than)= 55.000 140 2.58 4,312,647.72 1.91
55.000 (less than) LTV (less than)= 60.000 220 4.06 6,843,459.78 3.04
60.000 (less than) LTV (less than)= 65.000 261 4.82 9,814,284.17 4.36
65.000 (less than) LTV (less than)= 70.000 406 7.49 14,650,143.18 6.50
70.000 (less than) LTV (less than)= 75.000 674 12.44 27,831,236.18 12.36
75.000 (less than) LTV (less than)= 80.000 1203 22.20 57,721,383.82 25.62
80.000 (less than) LTV (less than)= 85.000 698 12.88 28,327,361.08 12.58
85.000 (less than) LTV (less than)= 90.000 640 11.81 33,252,134.90 14.76
90.000 (less than) LTV (less than)= 95.000 319 5.89 14,078,167.20 6.25
95.000 (less than) LTV (less than)=100.000 374 6.90 17,265,844.55 7.66
- ---------------------------------------------------------------------------------------------------------
Total.................... 5,419 100.00% 225,260,879.97 100.00%
=========================================================================================================
</TABLE>
LIEN STATUS AND OWNER OCCUPANCY
-------------------------------------------------------------------------------
Aggregate Percent of
Unpaid Aggregate
Number of Percent of Principal Principal
Loans Loan Count Balance Balance
Owner Occupied, 1st Mtg 4,252 78.46 191,890,293.00 85.19
Non-Owner Occupied, 1st Mtg 438 8.08 15,161,954.97 6.73
Second Home, 1st Mtg 4 0.07 235,461.60 0.10
Owner Occupied, 2nd Mtg 706 13.03 16,578,719.44 7.36
Multiple Properties, 1st Mtgs 19 0.35 1,394,450.96 0.62
- --------------------------------------------------------------------------------
Total.................. 5,419 100.00% 225,260,879.97 100.00%
================================================================================
PROPERTY TYPE
-------------------------------------------------------------------------------
Aggregate Percent of
Unpaid Aggregate
Number of Percent of Principal Principal
Loans Loan Count Balance Balance
Deminimus PUD 2 0.04 198,600.00 0.09
Duplex 167 3.08 6,836,535.56 3.03
Triplex 17 0.31 922,708.96 0.41
Fourplex or Quadplex 13 0.24 741,031.81 0.33
Rowhouse 135 2.49 3,842,194.32 1.71
Modular Housing 6 0.11 482,497.58 0.21
Manufactured Housing 5 0.09 244,260.66 0.11
Manuf Hsg Perm/Land 766 14.14 29,367,432.98 13.04
Semi Detached 17 0.31 473,664.56 0.21
PUD 9 0.17 706,120.72 0.31
Townhouses 16 0.30 545,880.70 0.24
Condominiums 96 1.77 4,230,446.19 1.88
Single Family Detached 4,170 76.95 176,669,505.93 78.43
- -------------------------------------------------------------------------------
Total............... 5,419 100.00% 225,260,879.97 100.00%
===============================================================================
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>
- --------------------------------------------------------------------------------
- UCFC HEL 1997-C
- Cut Off Date of Tape is 9/1/97
- Loan Group Two
- Marketing Tape Collateral Balance $294,123,496.51
- --------------------------------------------------------------------------------
Number of Mortgage Loans: 3,778
Aggregate Unpaid Principal Balance: $294,123,496.51
Aggregate Original Principal Balance: $294,410,561.75
- --------------------------------------------------------------------------------
Weighted Average Coupon (Gross): 10.294%
Gross Coupon Range: 7.125% - 13.240%
Weighted Average Margin (Gross): 5.366%
Gross Margin Range: 2.763% - 9.344%
Weighted Average Life Cap (Gross): 16.344%
Gross Life Cap Range: 13.125% - 20.000%
Weighted Average Life Floor (Gross): 8.816%
Gross Life Floor Range: 4.750% - 13.240%
- --------------------------------------------------------------------------------
Average Unpaid Principal Balance: $77,851.64
Average Original Principal Balance: $77,927.62
Maximum Unpaid Principal Balance: $859,632.74
Minimum Unpaid Principal Balance: $8,500.00
Maximum Original Principal Balance: $860,000.00
Minimum Original Principal Balance: $8,500.00
Weighted Avg. Stated Rem. Term (PTD to Mat Date): 343.539
Stated Rem Term Range: 60.000 - 360.000
Weighted Avg. Amortized Rem. Term: 342.676
Amortized Rem Term Range: 59.998 - 360.055
Weighted Average Age (First Pay thru Paid Thru): 0.581
Age Range: 0.000 - 13.000
Weighted Average Original Term: 344.120
Original Term Range: 60.000 - 360.000
Weighted Average Note LTV: 82.371
Note LTV Range: 7.100% - 100.000%
Weighted Average Periodic Interest Cap: 1.061%
Periodic Interest Cap Range: 1.000% - 2.000%
Weighted Average Months to Interest Roll: 26.885 * calculated
from 9/97 to
next
rolldate
Months to Interest Roll Range: 1 - 38
Weighted Average Interest Roll Frequency: 6.285
Interest Frequency Range: 6 - 12
- --------------------------------------------------------------------------------
Largest zip code concentration
22901 859,632.74 0.29%
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>
<TABLE>
<CAPTION>
GEOGRAPHICAL DISTRIBUTION OF MORTGAGED PROPERTIES
-------------------------------------------------------------------------------------
Aggregate Percent of
Unpaid Aggregate
Number of Percent of Principal Principal
State Loans Loan Count Balance Balance
<S> <C> <C> <C> <C>
Alabama 11 0.29% 840,671.33 0.29
Alaska 1 0.03% 50,377.66 0.02
Arizona 39 1.03% 3,559,474.97 1.21
Arkansas 46 1.22% 2,794,680.44 0.95
California 208 5.51% 31,263,015.84 10.63
Colorado 70 1.85% 7,764,951.98 2.64
Connecticut 23 0.61% 2,477,125.74 0.84
Delaware 7 0.19% 744,219.58 0.25
Dist of Col 7 0.19% 855,175.92 0.29
Florida 140 3.71% 9,733,815.63 3.31
Georgia 72 1.91% 6,046,842.30 2.06
Hawaii 1 0.03% 271,501.13 0.09
Idaho 18 0.48% 1,766,050.03 0.60
Illinois 150 3.97% 10,595,591.32 3.60
Indiana 240 6.35% 14,573,311.60 4.95
Iowa 48 1.27% 2,827,944.54 0.96
Kansas 72 1.91% 4,215,016.94 1.43
Kentucky 96 2.54% 5,515,811.28 1.88
Louisiana 181 4.79% 13,117,634.56 4.46
Maine 80 2.12% 6,000,357.92 2.04
Maryland 38 1.01% 3,668,667.84 1.25
Massachsetts 31 0.82% 2,594,669.01 0.88
Michigan 274 7.25% 16,707,508.70 5.68
Minnesota 35 0.93% 2,409,961.62 0.82
Mississippi 110 2.91% 7,093,598.21 2.41
Missouri 59 1.56% 3,676,671.34 1.25
Montana 6 0.16% 361,776.26 0.12
Nebraska 19 0.50% 1,066,869.38 0.36
Nevada 13 0.34% 1,764,087.27 0.60
New Hampshire 52 1.38% 4,046,779.92 1.38
New Jersey 57 1.51% 6,592,934.08 2.24
New Mexico 19 0.50% 1,853,608.33 0.63
New York 146 3.86% 15,407,254.64 5.24
North Carolina 195 5.16% 15,204,123.89 5.17
Ohio 402 10.64% 25,608,990.74 8.71
Oklahoma 90 2.38% 5,099,280.32 1.73
Oregon 51 1.35% 5,191,007.40 1.76
Pennsylvania 163 4.31% 10,565,894.95 3.59
Rhode Island 13 0.34% 818,279.67 0.28
South Carolina 50 1.32% 4,003,249.81 1.36
South Dakota 6 0.16% 506,891.58 0.17
Tennessee 144 3.81% 11,032,891.95 3.75
Texas 15 0.40% 1,678,775.78 0.57
Utah 25 0.66% 2,596,263.34 0.88
Vermont 3 0.08% 231,261.13 0.08
Virginia 32 0.85% 3,594,966.92 1.22
Washington 45 1.19% 5,043,649.43 1.71
West Virginia 37 0.98% 2,113,591.17 0.72
Wisconsin 135 3.57% 8,372,564.03 2.85
Wyoming 3 0.08% 203,857.09 0.07
- -------------------------------------------------------------------------------------
Total................... 3,778 100.00% 294,123,496.51 100.00%
=====================================================================================
</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>
<TABLE>
<CAPTION>
LOAN-TO-VALUE RATIOS
---------------------------------------------------------------------------------------------------------
Aggregate Percent of
Combined Unpaid Aggregate
Loan-To-Value Number of Percent of Principal Principal
Ratio Loans Loan Count Balance Balance
<S> <C> <C> <C> <C>
5.000 (less than) LTV (less than)= 10.000 1 0.03 11,489.62 0.00
10.000 (less than) LTV (less than)= 15.000 4 0.11 46,561.14 0.02
15.000 (less than) LTV (less than)= 20.000 9 0.24 183,463.11 0.06
20.000 (less than) LTV (less than)= 25.000 9 0.24 272,353.52 0.09
25.000 (less than) LTV (less than)= 30.000 14 0.37 361,181.15 0.12
30.000 (less than) LTV (less than)= 35.000 17 0.45 670,151.29 0.23
35.000 (less than) LTV (less than)= 40.000 13 0.34 426,967.85 0.15
40.000 (less than) LTV (less than)= 45.000 26 0.69 1,243,402.94 0.42
45.000 (less than) LTV (less than)= 50.000 47 1.24 2,232,683.98 0.76
50.000 (less than) LTV (less than)= 55.000 55 1.46 3,139,683.88 1.07
55.000 (less than) LTV (less than)= 60.000 89 2.36 4,823,466.55 1.64
60.000 (less than) LTV (less than)= 65.000 93 2.46 7,423,605.43 2.52
65.000 (less than) LTV (less than)= 70.000 162 4.29 12,616,752.33 4.29
70.000 (less than) LTV (less than)= 75.000 266 7.04 22,435,552.13 7.63
75.000 (less than) LTV (less than)= 80.000 602 15.93 54,571,466.29 18.55
80.000 (less than) LTV (less than)= 85.000 621 16.44 54,691,099.03 18.59
85.000 (less than) LTV (less than)= 90.000 881 23.32 70,563,494.36 23.99
90.000 (less than) LTV (less than)= 95.000 506 13.39 34,495,325.06 11.73
95.000 (less than) LTV (less than)=100.000 363 9.61 23,914,796.85 8.13
- ----------------------------------------------------------------------------------------------------------
Total.................... 3,778 100.00% 294,123,496.51 100.00%
==========================================================================================================
</TABLE>
GROSS COUPON
<TABLE>
<CAPTION>
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Percent of Principal Principal
Gross Coupon Loans Loan Count Balance Balance
<S> <C> <C> <C> <C>
7.00% (less than) Gross Cpn (less than)= 7.50% 4 0.11 779,711.78 0.27
7.50% (less than) Gross Cpn (less than)= 8.00% 17 0.45 2,424,319.70 0.82
8.00% (less than) Gross Cpn (less than)= 8.50% 76 2.01 11,492,723.09 3.91
8.50% (less than) Gross Cpn (less than)= 9.00% 107 2.83 14,661,928.56 4.98
9.00% (less than) Gross Cpn (less than)= 9.50% 197 5.21 21,868,764.39 7.44
9.50% (less than) Gross Cpn (less than)= 10.00% 552 14.61 46,691,984.87 15.87
10.00% (less than) Gross Cpn (less than)= 10.50% 939 24.85 73,055,283.76 24.84
10.50% (less than) Gross Cpn (less than)= 11.00% 997 26.39 68,757,599.98 23.38
11.00% (less than) Gross Cpn (less than)= 11.50% 803 21.25 49,242,834.01 16.74
11.50% (less than) Gross Cpn (less than)= 12.00% 67 1.77 4,016,160.10 1.37
12.00% (less than) Gross Cpn (less than)= 12.50% 15 0.40 958,540.96 0.33
12.50% (less than) Gross Cpn (less than)= 13.00% 3 0.08 115,058.00 0.04
13.00% (less than) Gross Cpn (less than)= 13.50% 1 0.03 58,587.31 0.02
- ----------------------------------------------------------------------------------------------------------
Total.................... 3,778 100.00 294,123,496.51 100.00
==========================================================================================================
</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>
<TABLE>
<CAPTION>
Distribution of Outstanding Loan Balances as of the Cut-Off Date
---------------------------------------------------------------------------------------------------------------------
Aggregate Unpaid % of Aggr
Percent of Loan Balance Unpaid Loan
Range of Number of Number As of the Balance as of
Loan Balances Loans of Loans Cut-Off Date the Cut-Off Date
<S> <C> <C> <C> <C>
0 (less than) Balance (less than)= 50,000 1202 31.82 43,919,165.00 14.93
50,000 (less than) Balance (less than)= 100,000 1737 45.98 121,289,009.91 41.24
100,000 (less than) Balance (less than)= 150,000 537 14.21 64,171,009.66 21.82
150,000 (less than) Balance (less than)= 200,000 184 4.87 31,357,747.20 10.66
200,000 (less than) Balance (less than)= 250,000 58 1.54 12,917,577.97 4.39
250,000 (less than) Balance (less than)= 300,000 32 0.85 8,732,008.97 2.97
300,000 (less than) Balance (less than)= 350,000 10 0.26 3,224,593.41 1.10
350,000 (less than) Balance (less than)= 400,000 8 0.21 3,036,697.45 1.03
400,000 (less than) Balance (less than)= 450,000 3 0.08 1,286,054.20 0.44
450,000 (less than) Balance (less than)= 500,000 4 0.11 1,925,000.00 0.65
650,000 (less than) Balance (less than)= 700,000 1 0.03 700,000.00 0.24
700,000 (less than) Balance (less than)= 750,000 1 0.03 705,000.00 0.24
750,000 (less than) Balance (less than)= 1,000,000 1 0.03 859,632.74 0.29
- ----------------------------------------------------------------------------------------------------------------------
Total.................... 3778 100.00% 294,123,496.51 100.00%
======================================================================================================================
</TABLE>
LIEN STATUS AND OWNER OCCUPANCY
-------------------------------------------------------------------------------
Aggregate Percent of
Unpaid Aggregate
Number of Percent of Principal Principal
Loans Loan Count Balance Balance
Owner Occupied, 1st Mtg 3,683 97.49 289,005,339.91 98.26
Non-Owner Occupied, 1st Mtg 95 2.51 5,118,156.60 1.74
- --------------------------------------------------------------------------------
Total.................. 3,778 100.00% 294,123,496.51 100.00%
================================================================================
<TABLE>
<CAPTION>
AGE IN MONTHS
-----------------------------------------------------------------------------------
Aggregate Percent of
Unpaid Aggregate
Number of Percent of Principal Principal
Age Loans Loan Count Balance Balance
<S> <C> <C> <C> <C>
0 (less than) Age (less than)= 6 3,770 99.79 293,434,458.55 99.77
6 (less than) Age (less than)= 12 6 0.16 502,031.71 0.17
12 (less than) Age (less than)= 18 2 0.05 187,006.25 0.06
- -------------------------------------------------------------------------------------
Total.................... 3,778 100.00% 294,123,496.51 100.00%
=====================================================================================
</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>
PROPERTY TYPE
-------------------------------------------------------------------------------
Aggregate Percent of
Unpaid Aggregate
Number of Percent of Principal Principal
Loans Loan Count Balance Balance
Deminimus PUD 3 0.08 419,693.05 0.14
Duplex 151 4.00 12,210,691.19 4.15
Triplex 12 0.32 1,174,363.66 0.40
Fourplex or Quadplex 5 0.13 426,873.13 0.15
Rowhouse 31 0.82 1,967,860.42 0.67
Modular Housing 10 0.26 626,508.16 0.21
Manufactured Housing 8 0.21 596,344.56 0.20
Manuf Hsg Perm/Land 2 0.05 147,918.97 0.05
Semi Detached 13 0.34 863,554.07 0.29
PUD 10 0.26 1,593,181.23 0.54
Townhouses 12 0.32 1,112,952.87 0.38
Condominiums 68 1.80 5,966,556.91 2.03
Single Family Detached 3,453 91.40 267,016,998.29 90.78
- --------------------------------------------------------------------------------
Total............... 3,778 100.00% 294,123,496.51 100.00%
================================================================================
<TABLE>
<CAPTION>
REMAINING TERM
---------------------------------------------------------------------------------------------------------
Aggregate Percent of
Unpaid Aggregate
Number of Percent of Principal Principal
Rem Term Loan Loan Count Balance Balance
<S> <C> <C> <C> <C>
48 (less than) Rem Term (less than)= 60 2 0.05 18,200.00 0.01
72 (less than) Rem Term (less than)= 84 2 0.05 34,500.00 0.01
108 (less than) Rem Term (less than)= 120 20 0.53 579,829.35 0.20
132 (less than) Rem Term (less than)= 144 3 0.08 149,155.27 0.05
168 (less than) Rem Term (less than)= 180 406 10.75 17,873,520.82 6.08
228 (less than) Rem Term (less than)= 240 195 5.16 9,917,349.06 3.37
252 (less than) Rem Term (less than)= 264 1 0.03 68,233.41 0.02
288 (less than) Rem Term (less than)= 300 16 0.42 1,173,634.98 0.40
336 (less than) Rem Term (less than)= 348 2 0.05 187,006.25 0.06
348 (less than) Rem Term (less than)= 360 3,131 82.87 264,122,067.37 89.80
- -----------------------------------------------------------------------------------------------------------
Total.................... 3,778 100.00% 294,123,496.51 100.00%
===========================================================================================================
</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>
GROSS MARGIN
<TABLE>
<CAPTION>
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Gross Margin Loans Balance Balance
<S> <C> <C> <C> <C>
2.75% (less than) Margin (less than)= 3.00% 1 0.03 54,000.00 0.02
3.25% (less than) Margin (less than)= 3.50% 1 0.03 45,077.22 0.02
3.50% (less than) Margin (less than)= 3.75% 13 0.34 742,188.30 0.25
3.75% (less than) Margin (less than)= 4.00% 255 6.75 18,074,526.39 6.15
4.00% (less than) Margin (less than)= 4.25% 33 0.87 1,956,277.61 0.67
4.25% (less than) Margin (less than)= 4.50% 567 15.01 42,336,443.13 14.39
4.50% (less than) Margin (less than)= 4.75% 188 4.98 18,745,037.51 6.37
4.75% (less than) Margin (less than)= 5.00% 337 8.92 27,329,701.89 9.29
5.00% (less than) Margin (less than)= 5.25% 1,009 26.71 69,638,426.82 23.68
5.25% (less than) Margin (less than)= 5.50% 222 5.88 18,446,642.26 6.27
5.50% (less than) Margin (less than)= 5.75% 258 6.83 17,394,641.21 5.91
5.75% (less than) Margin (less than)= 6.00% 427 11.30 31,134,683.25 10.59
6.00% (less than) Margin (less than)= 6.25% 95 2.51 10,597,476.74 3.60
6.25% (less than) Margin (less than)= 6.50% 74 1.96 8,584,568.90 2.92
6.50% (less than) Margin (less than)= 6.75% 100 2.65 9,654,021.46 3.28
6.75% (less than) Margin (less than)= 7.00% 67 1.77 6,406,182.53 2.18
7.00% (less than) Margin (less than)= 7.25% 43 1.14 4,230,404.61 1.44
7.25% (less than) Margin (less than)= 7.50% 41 1.09 4,164,431.72 1.42
7.50% (less than) Margin (less than)= 7.75% 23 0.61 2,089,094.62 0.71
7.75% (less than) Margin (less than)= 8.00% 12 0.32 1,401,611.05 0.48
8.00% (less than) Margin (less than)= 8.25% 3 0.08 231,590.00 0.08
8.25% (less than) Margin (less than)= 8.50% 5 0.13 481,008.29 0.16
8.50% (less than) Margin (less than)= 8.75% 1 0.03 98,600.00 0.03
8.75% (less than) Margin (less than)= 9.00% 1 0.03 93,590.00 0.03
9.00% (less than) Margin (less than)= 9.25% 1 0.03 78,458.00 0.03
9.25% (less than) Margin (less than)= 9.50% 1 0.03 114,813.00 0.04
- ----------------------------------------------------------------------------------------------------------
Total.................... 3,778 100.00 294,123,496.51 100.00
==========================================================================================================
</TABLE>
MAXIMUM LIFETIME COUPON RATE (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> <C>
13.000 (less than) LIFE CAP (less than)= 13.500 2 0.05 587,900.00 0.20
13.500 (less than) LIFE CAP (less than)= 14.000 10 0.26 1,637,180.23 0.56
14.000 (less than) LIFE CAP (less than)= 14.500 55 1.46 8,676,393.61 2.95
14.500 (less than) LIFE CAP (less than)= 15.000 90 2.38 12,894,583.48 4.38
15.000 (less than) LIFE CAP (less than)= 15.500 214 5.66 24,225,534.63 8.24
15.500 (less than) LIFE CAP (less than)= 16.000 551 14.58 46,975,514.73 15.97
16.000 (less than) LIFE CAP (less than)= 16.500 939 24.85 73,138,770.98 24.87
16.500 (less than) LIFE CAP (less than)= 17.000 999 26.44 68,816,106.43 23.40
17.000 (less than) LIFE CAP (less than)= 17.500 813 21.52 50,358,788.64 17.12
17.500 (less than) LIFE CAP (less than)= 18.000 68 1.80 4,272,421.81 1.45
18.000 (less than) LIFE CAP (less than)= 18.500 18 0.48 1,161,056.66 0.39
18.500 (less than) LIFE CAP (less than)= 19.000 3 0.08 97,190.00 0.03
19.000 (less than) LIFE CAP (less than)= 19.500 1 0.03 58,587.31 0.02
19.500 (less than) LIFE CAP (less than)= 20.000 15 0.40 1,223,468.00 0.42
- ----------------------------------------------------------------------------------------------------------
Total................. 3778 100.00 $294,123,496.51 100.00%
==========================================================================================================
</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>
MINIMUM LIFETIME COUPON RATES (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> <C>
4.500 (less than) Life Floor (less than)= 5.000 2 0.05 209,219.65 0.07
5.000 (less than) Life Floor (less than)= 5.500 9 0.24 1,263,569.08 0.43
5.500 (less than) Life Floor (less than)= 6.000 30 0.79 4,735,043.58 1.61
6.000 (less than) Life Floor (less than)= 6.500 38 1.01 5,647,869.16 1.92
6.500 (less than) Life Floor (less than)= 7.000 56 1.48 6,340,443.50 2.16
7.000 (less than) Life Floor (less than)= 7.500 118 3.12 13,554,129.81 4.61
7.500 (less than) Life Floor (less than)= 8.000 394 10.43 34,237,904.19 11.64
8.000 (less than) Life Floor (less than)= 8.500 700 18.53 60,045,210.65 20.41
8.500 (less than) Life Floor (less than)= 9.000 748 19.80 60,758,494.09 20.66
9.000 (less than) Life Floor (less than)= 9.500 681 18.03 47,501,754.14 16.15
9.500 (less than) Life Floor (less than)= 10.000 158 4.18 12,429,712.95 4.23
10.000 (less than) Life Floor (less than)= 10.500 274 7.25 17,865,905.39 6.07
10.500 (less than) Life Floor (less than)= 11.000 306 8.10 15,869,622.72 5.40
11.000 (less than) Life Floor (less than)= 11.500 213 5.64 11,367,206.90 3.86
11.500 (less than) Life Floor (less than)= 12.000 43 1.14 1,914,907.47 0.65
12.000 (less than) Life Floor (less than)= 12.500 4 0.11 208,857.92 0.07
12.500 (less than) Life Floor (less than)= 13.000 3 0.08 115,058.00 0.04
13.000 (less than) Life Floor (less than)= 13.500 1 0.03 58,587.31 0.02
- ----------------------------------------------------------------------------------------------------------
Total................. 3778 100.00 $294,123,496.51 100.00%
==========================================================================================================
</TABLE>
NEXT ROLLDATE
Percentage
of Cut-Off
Aggregate Date
Next Number of Unpaid Aggregate
Roll Mortgage Percent of Principal Principal
Date Loans Loan Count Balance Balance
10/01/97 7 0.19 $475,710.37 0.16
11/01/97 6 0.16 $369,848.22 0.13
12/01/97 5 0.13 $412,967.48 0.14
01/01/98 15 0.40 $1,264,287.51 0.43
02/01/98 179 4.74 $11,566,921.42 3.93
03/01/98 461 12.20 $29,374,955.44 9.99
04/01/98 380 10.06 $25,672,989.82 8.73
05/01/98 47 1.24 $3,594,500.00 1.22
08/01/98 65 1.72 $8,264,337.79 2.81
09/01/98 41 1.09 $5,593,500.00 1.90
02/01/99 1 0.03 $93,961.44 0.03
03/01/99 5 0.13 $539,551.93 0.18
04/01/99 5 0.13 $391,182.17 0.13
05/01/99 9 0.24 $1,020,992.43 0.35
06/01/99 10 0.26 $1,466,602.29 0.50
07/01/99 8 0.21 $1,303,333.56 0.44
08/01/99 36 0.95 $5,159,428.39 1.75
09/01/99 44 1.16 $6,134,675.00 2.09
05/01/00 5 0.13 $446,159.66 0.15
06/01/00 9 0.24 $680,209.40 0.23
07/01/00 11 0.29 $1,371,794.98 0.47
08/01/00 418 11.06 $34,749,147.78 11.81
09/01/00 990 26.20 $78,077,887.01 26.55
10/01/00 911 24.11 $67,305,902.42 22.88
11/01/00 110 2.91 $8,792,650.00 2.99
- --------------------------------------------------------------------------
Total........ 3,778 100.00% $294,123,496.51 100.00%
==========================================================================
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>
LOAN SUMMARY STRATIFIED BY
LOAN PURPOSE
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Loans Balance Balance
Purchase 394 40,304,747.95 13.70
Refinance 3384 253,818,748.56 86.30
- --------------------------------------------------------------------------
Total.................. 3778 $294,123,496.51 100.00%
==========================================================================
CREDIT RATING
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Type of Loan Loans Balance Balance
1 A+ 667 58,118,699.01 19.76
2 A 1207 111,176,586.02 37.80
3 B 1397 95,702,922.51 32.54
4 C 455 24,421,336.34 8.30
5 C- 23 1,939,184.07 0.66
* missing 29 2,764,768.56 0.94
- -----------------------------------------------------------------
Total.......... 3778 $294,123,496.51 100.00%
=================================================================
*missing
<TABLE>
<CAPTION>
ARM CODE
- -----------------------------------------------------------------------------------------------------------
WA Total
# % Rem Current
Loan Feature Loan Pool WAC Term MARGIN LIFECAP FLOOR Balance
<S> <C> <C> <C> <C> <C> <C> <C> <C>
1YR CMT 107 4.75 8.719 359.46 6.33 14.72 6.84 $13,983,163.75
ARM 6M LIBOR 1,086 24.41 10.265 321.67 5.57 16.38 10.24 $71,784,765.55
ARM 228 116 5.40 9.266 358.59 6.38 15.43 7.72 $15,880,677.21
ARM 312 145 2.29 10.577 180.66 5.03 16.58 8.61 $6,721,776.37
ARM 317 99 1.85 10.534 239.89 4.88 16.65 8.55 $5,437,851.62
ARM 327 2,225 61.31 10.500 358.88 5.15 16.52 8.52 $180,315,262.01
- -----------------------------------------------------------------------------------------------------------
Total..... 3,778 100.00% 10.294 343.54 $294,123,496.51
===========================================================================================================
</TABLE>
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