<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) December 17, 1997
-----------------
UCFC Acceptance Corporation
----------------------------------------------------------------
(Exact name of registrant as specified in its charter)
Louisiana 333-37499 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 Asset-Backed Certificates, Series 1997-D.
In connection with the offering of the Home Equity Loan Asset-Backed
Certificates, Series 1997-D, Prudential Securities Incorporated prepared certain
materials (the "Computational Materials") some or all of which were distributed
by each of Prudential Securities Incorporated, Salomon Brothers Inc, Morgan
Stanley & Co. Incorporated and J.P. Morgan Securities Inc. (the "Underwriters")
to their potential investors. Although the Depositor provided the Underwriters
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 December 17, 1997, and
Prospectus Supplement dated December 17, 1997, of UCFC Acceptance
Corporation, relating to its Home Equity Loan Asset-Backed Certificates,
Series 1997-D.
-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.
<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: December 17, 1997
<PAGE>
EXHIBIT INDEX
-------------
Exhibit Page
- ------- ----
23.1. Consent of Coopers & Lybrand L.L.P.
99.1 Computational Materials.
<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.
New York, New York
December 17, 1997
<PAGE>
PRELIMINARY
BACKGROUND INFORMATION
UCFC LOAN TRUST 1997-D (fixed-rate collateral only)
---------------------------------------------------
$[95,300,000] Class A-1 FLOATING-RATE CERTIFICATES
(non-SMMEA-eligible)
$[47,500,000] Class A-2 FIXED-RATE CERTIFICATES
(non-SMMEA-eligible)
$[38,200,000] Class A-3 FIXED-RATE CERTIFICATES
(non-SMMEA-eligible)
$[40,400,000] Class A-4 FIXED-RATE CERTIFICATES
(non-SMMEA-eligible)
$[18,110,000] Class A-5 FIXED-RATE CERTIFICATES
(non-SMMEA-eligible)
$[30,490,000] 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
[$30,000,000] Notional Balance
NAS IO Bond
The information included herein is provided solely by Prudential Securities
Incorporated ("PSI") as underwriter for the UCFC Loan Trust 1997-D transaction,
and not by or as agent for UCFC Acceptance Corp. 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-D -- Home Equity Loan Pass-Through Certificates
<TABLE>
<CAPTION>
UCFC LOAN TRUST 1997-D PRICING INFORMATION
--------------------------------------------------------
(FIXED-RATE COLLATERAL ONLY)
UCFC Loan Trust 1997-D Lead Manager: Prudential Securities Incorporated
Co-Manager: Salomon Brothers
** Note: The Class A-IO Certificates are being offered by Prudential Securities only **
Class: A-1 A-2 A-3 A-4 A-5
<S> <C> <C> <C> <C> <C>
Approximate
Face Amount: [95,300,000] [47,500,000] [38,200,000] [40,400,000] [18,110,000]
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 [2.00] yrs [2.88] yrs [4.10] yrs [5.55] yrs
Exp Avg Life
to 10% Call: [0.90] yrs [2.00] yrs [2.88] yrs [4.10] yrs [5.55] yrs
Exp 1st Prin Pmt: 01/15/98 [07/15/99 06/15/00 05/15/01 12/15/02]
Exp Mat: [07/15/99 06/15/00 05/15/01 12/15/02 04/15/04]
Exp Mat to 10% Call: [07/15/99 06/15/00 05/15/01 12/15/02 04/15/04]
Stated Mat: [09/15/09 06/15/12 01/15/16 06/15/20 11/15/23]
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: 12/22/97 12/22/97 12/22/97 12/22/97 12/22/97
Pmt Delay: 0 days 14 days 14 days 14 days 14 days
Cut-off Date: 12/01/97 12/01/97 12/01/97 12/01/97 12/01/97
Dated Date: 12/19/97 12/01/97 12/01/97 12/01/97 12/01/97
Int Pmt: actual/360 30/360 30/360 30/360 30/360
Pmt Terms: Monthly Monthly Monthly Monthly Monthly
1st Int. Pmt Date: 01/15/98 01/15/98 01/15/98 01/15/98 01/15/98
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) Net Funds Cap
Net Funds Cap: A rate equal to the weighted of the Mortgage Rates on
the Home Equity Loans less (i) 0.6475% per annum for servicing
fee, trustee fee and certificate insurer premium; and (ii) for
the first 36 Distribution Dates the product of (a) 5.00% and (b)
the Class A-IO Notional Amount divided by the Principal Balance
of the Fixed-rate collateral group 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-D -- Home Equity Loan Pass-Through Certificates
<TABLE>
<CAPTION>
UCFC LOAN TRUST 1997-D PRICING INFORMATION (continued)
--------------------------------------------------------
(FIXED-RATE COLLATERAL ONLY)
<S> <C> <C> <C>
Class: A-6 A-7 | A-IO
(NAS BOND) | (NAS IO - Offered by PSI only)
Approximate |
Face Amount: [30,490,000] [30,000,000] | [$30,000,000] Notional Balance
|
Coupon: TBD* TBD* | 5.00%
|
Price: TBD TBD | TBD
|
Yield: TBD TBD | TBD
|
Spread: TBD TBD | n/a
|
Exp Avg Life to Maturity: [9.90] yrs [6.33] yrs | n/a
|
Exp Avg Life to 10% call: [7.36] yrs [6.10] yrs | n/a
|
Exp 1st Prin Pmt: [04/15/04] [01/15/01] | n/a
|
Exp Mat: [08/15/27] [10/15/20] | [12/15/00]
|
Exp Mat to 10% call: [07/15/05] [07/15/05] | [12/15/00]
|
Stated Mat: [04/15/29] [04/15/29] | [12/15/00]
|
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: 12/22/97 12/22/97 | 12/22/97
|
Pmt Delay: 14 days 14 days | 14 days
|
Cut-off Date: 12/01/97 12/01/97 | 12/01/97
|
Dated Date: 12/01/97 12/01/97 | 12/01/97
|
Int Pmt: 30/360 30/360 | 30/360
|
Pmt Terms: Monthly Monthly | Monthly
|
1st Int. Pmt Date: 01/15/98 01/15/98 | 01/15/98
|
Collateral Type: Fixed-Rate Fixed-Rate | fixed-rate
|
SMMEA Eligibility: non-SMMEA non-SMMEA | non-SMMEA
* May be subject to the Net Funds Cap (described on the previous page).
- --------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<S> <C>
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
--------------------------------
January 1998 to December 2000 equal to or greater than 0%
January 2001 to December 2002 equal to or greater than 45%
January 2003 to December 2003 equal to or greater than 80%
January 2004 to December 2004 equal to or greater than 100%
January 2005 and after equal to or greater than 300%
</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 Loan Trust 1997-D -- Home Equity Loan Pass-Through Certificates
SUMMARY OF TERMS
--------------------------
<TABLE>
<S> <C>
Title of Securities: UCFC Loan Trust 1997-D, Home Equity Loan
Pass-Through Certificates Class A-1, A-2, A-3, A-4,
A-5, A-6, A-7 and A-IO Certificates.
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
Certificate Balance: $[300,000,000]
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: December 22, 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) **
5.00 % on Class A-IO Certificates (NAS IO Bond)
* Subject to the Net Funds Cap.
** May be subject to the Net Funds Cap.
Prepayment
Assumption: 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.
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 January 1998. The payment
delay will be zero days for the Class A-1 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
Certificates will be from December 19th until January
14th. In future periods, interest will accrue on the
Class A-1 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 on any Remittance Date when the
aggregate Loan Balance of the Home Equity Loans has
declined to 10% or less of an amount equal to the
aggregate balances of the Home Equity Loans as of the
Cut-Off Date including the Subsequent Loans.
</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 Loan Trust 1997-D -- Home Equity Loan Pass-Through Certificates
Pre-Funding Account: On the closing date, approximately $[65,700,000] will
be deposited in a pre-funding account for the purchase
of additional fixed-rate mortgage loans. From the
closing date until [March] 15, 1998, the Trust intends
to purchase mortgage loans up to the entire pre-funding
amount. Funds remaining the pre-funding account that
total less than $100,000 after this period will be
distributed to investors in the Class A-1 Certificates
as a prepayment on [March] 15, 1998. If the funds
remaining in the pre-funding account total greater than
$100,000 after this period, the funds will be
distributed on a pro-rata basis to the investors in the
Class A-1 through A-7 Certificates as a prepayment on
[March] 15, 1998. 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 reserve account (which may be funded by a
Letter of Credit) that is cross-collateralized
with the UCFC Owner Trust 1997-DA transaction;
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 and A-7
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: $95,300,000.00 DATED DATE: 12/19/97
CURRENT COUPON: 6.142% ucfc7df FIRST PAYMENT: 01/15/98
FACTOR: 1.0000000000 TOTAL CLASSES: 8
ORIGINAL BALANCE: $95,300,000.00 BOND A1 DISCOUNT MARGIN ACT/360 TABLE YIELD TABLE DATE: 12/22/97
</TABLE>
<TABLE>
<CAPTION>
ASSUMED CONSTANT LIBOR-1M 5.9922
PRICING SPEED
25.00% 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 43.434 35.080 37.747 41.088 45.668 48.465 50.465
99-24+ 41.652 33.822 36.321 39.454 43.746 46.368 48.243
99-25 39.871 32.564 34.897 37.820 41.826 44.272 46.022
99-25+ 38.091 31.306 33.472 36.186 39.905 42.176 43.801
99-26 36.311 30.049 32.048 34.553 37.985 40.081 41.581
99-26+ 34.531 28.792 30.624 32.920 36.065 37.986 39.361
99-27 32.751 27.536 29.201 31.287 34.146 35.892 37.141
99-27+ 30.972 26.279 27.777 29.654 32.227 33.798 34.922
99-28 29.193 25.023 26.354 28.022 30.309 31.705 32.703
99-28+ 27.415 23.767 24.932 26.391 28.390 29.612 30.485
99-29 25.637 22.511 23.509 24.759 26.473 27.519 28.267
99-29+ 23.859 21.256 22.087 23.128 24.555 25.427 26.050
99-30 22.082 20.001 20.665 21.498 22.638 23.335 23.833
99-30+ 20.305 18.746 19.244 19.867 20.722 21.244 21.617
99-31 18.528 17.492 17.823 18.237 18.806 19.153 19.401
99-31+ 16.752 16.237 16.402 16.608 16.890 17.062 17.185
100-00 14.976 14.983 14.981 14.978 14.974 14.972 14.970
100-00+ 13.201 13.729 13.561 13.349 13.059 12.882 12.756
100-01 11.426 12.476 12.141 11.721 11.145 10.793 10.542
100-01+ 9.651 11.223 10.721 10.092 9.231 8.704 8.328
100-02 7.876 9.970 9.301 8.464 7.317 6.616 6.115
100-02+ 6.102 8.717 7.882 6.836 5.403 4.528 3.902
100-03 4.329 7.464 6.463 5.209 3.490 2.441 1.690
100-03+ 2.555 6.212 5.045 3.582 1.578 0.354 -0.522
First Payment 0.064 0.064 0.064 0.064 0.064 0.064 0.064
Average Life 0.900 1.294 1.135 0.984 0.832 0.760 0.716
Last Payment 1.564 2.397 2.064 1.731 1.481 1.314 1.231
Mod.Dur. @ 100-00 0.846 1.197 1.057 0.922 0.784 0.718 0.678
</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: $47,500,000.00 DATED DATE: 12/01/97
COUPON: 6.460% ucfc7df FIRST PAYMENT: 01/15/98
FACTOR: 1.0000000000 TOTAL CLASSES: 8
ORIGINAL BALANCE: $47,500,000.00 BOND A2 BE-YIELD TABLE YIELD TABLE DATE: 12/22/97
</TABLE>
<TABLE>
<CAPTION>
PREPAYMENT SPEED
PRICING SPEED
25.00% 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 6.547 6.547 6.547 6.547 6.547 6.547 6.546
99-24+ 6.538 6.541 6.540 6.539 6.537 6.536 6.535
99-25 6.530 6.536 6.534 6.531 6.528 6.526 6.524
99-25+ 6.521 6.530 6.527 6.524 6.518 6.515 6.512
99-26 6.512 6.524 6.521 6.516 6.509 6.504 6.501
99-26+ 6.504 6.519 6.514 6.508 6.500 6.494 6.490
99-27 6.495 6.513 6.507 6.500 6.490 6.483 6.478
99-27+ 6.487 6.507 6.501 6.493 6.481 6.473 6.467
99-28 6.478 6.501 6.494 6.485 6.471 6.462 6.456
99-28+ 6.470 6.496 6.488 6.477 6.462 6.452 6.445
99-29 6.461 6.490 6.481 6.470 6.453 6.441 6.433
99-29+ 6.452 6.484 6.475 6.462 6.443 6.431 6.422
99-30 6.444 6.479 6.468 6.454 6.434 6.420 6.411
99-30+ 6.435 6.473 6.461 6.446 6.424 6.410 6.399
99-31 6.427 6.467 6.455 6.439 6.415 6.399 6.388
99-31+ 6.418 6.462 6.448 6.431 6.406 6.389 6.377
100-00 6.410 6.456 6.442 6.423 6.396 6.378 6.365
100-00+ 6.401 6.450 6.435 6.416 6.387 6.368 6.354
100-01 6.393 6.444 6.429 6.408 6.377 6.357 6.343
100-01+ 6.384 6.439 6.422 6.400 6.368 6.347 6.331
100-02 6.375 6.433 6.415 6.392 6.359 6.336 6.320
100-02+ 6.367 6.427 6.409 6.385 6.349 6.326 6.309
100-03 6.358 6.422 6.402 6.377 6.340 6.315 6.298
100-03+ 6.350 6.416 6.396 6.369 6.330 6.305 6.286
100-04 6.341 6.410 6.389 6.362 6.321 6.294 6.275
100-04+ 6.333 6.405 6.383 6.354 6.312 6.284 6.264
100-05 6.324 6.399 6.376 6.346 6.302 6.274 6.252
100-05+ 6.316 6.393 6.369 6.339 6.293 6.263 6.241
100-06 6.307 6.388 6.363 6.331 6.284 6.253 6.230
100-06+ 6.299 6.382 6.356 6.323 6.274 6.242 6.219
100-07 6.290 6.376 6.350 6.315 6.265 6.232 6.207
100-07+ 6.281 6.371 6.343 6.308 6.256 6.221 6.196
First Payment 1.564 2.397 2.064 1.731 1.481 1.314 1.231
Average Life 2.000 3.118 2.660 2.236 1.811 1.610 1.489
Last Payment 2.481 3.897 3.314 2.731 2.231 1.981 1.814
Mod.Dur. @ 100-00 1.819 2.737 2.369 2.019 1.658 1.483 1.377
</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: $38,200,000.00 DATED DATE: 12/01/97
COUPON: 6.495% ucfc7df FIRST PAYMENT: 01/15/98
FACTOR: 1.0000000000 TOTAL CLASSES: 8
ORIGINAL BALANCE: $38,200,000.00 BOND A3 BE-YIELD TABLE YIELD TABLE DATE: 12/22/97
</TABLE>
<TABLE>
<CAPTION>
PREPAYMENT SPEED
PRICING SPEED
25.00% 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 6.582 6.583 6.583 6.583 6.582 6.582 6.582
99-24+ 6.576 6.579 6.578 6.577 6.576 6.575 6.574
99-25 6.570 6.575 6.573 6.572 6.569 6.567 6.566
99-25+ 6.564 6.571 6.569 6.566 6.562 6.559 6.557
99-26 6.558 6.567 6.564 6.561 6.555 6.552 6.549
99-26+ 6.552 6.563 6.560 6.555 6.548 6.544 6.541
99-27 6.546 6.559 6.555 6.550 6.542 6.537 6.533
99-27+ 6.540 6.555 6.550 6.544 6.535 6.529 6.524
99-28 6.533 6.551 6.546 6.539 6.528 6.521 6.516
99-28+ 6.527 6.547 6.541 6.533 6.521 6.514 6.508
99-29 6.521 6.543 6.537 6.528 6.515 6.506 6.500
99-29+ 6.515 6.539 6.532 6.522 6.508 6.499 6.491
99-30 6.509 6.535 6.527 6.517 6.501 6.491 6.483
99-30+ 6.503 6.531 6.523 6.511 6.494 6.483 6.475
99-31 6.497 6.527 6.518 6.506 6.488 6.476 6.467
99-31+ 6.491 6.523 6.514 6.500 6.481 6.468 6.459
100-00 6.484 6.519 6.509 6.495 6.474 6.461 6.450
100-00+ 6.478 6.515 6.504 6.489 6.467 6.453 6.442
100-01 6.472 6.511 6.500 6.484 6.461 6.445 6.434
100-01+ 6.466 6.507 6.495 6.479 6.454 6.438 6.426
100-02 6.460 6.503 6.491 6.473 6.447 6.430 6.417
100-02+ 6.454 6.499 6.486 6.468 6.440 6.423 6.409
100-03 6.448 6.495 6.481 6.462 6.434 6.415 6.401
100-03+ 6.442 6.491 6.477 6.457 6.427 6.408 6.393
100-04 6.436 6.487 6.472 6.451 6.420 6.400 6.385
100-04+ 6.429 6.483 6.468 6.446 6.413 6.392 6.376
100-05 6.423 6.479 6.463 6.440 6.407 6.385 6.368
100-05+ 6.417 6.475 6.458 6.435 6.400 6.377 6.360
100-06 6.411 6.471 6.454 6.429 6.393 6.370 6.352
100-06+ 6.405 6.467 6.449 6.424 6.387 6.362 6.344
100-07 6.399 6.463 6.445 6.418 6.380 6.355 6.335
100-07+ 6.393 6.459 6.440 6.413 6.373 6.347 6.327
First Payment 2.481 3.897 3.314 2.731 2.231 1.981 1.814
Average Life 2.879 4.684 3.957 3.259 2.584 2.276 2.088
Last Payment 3.397 5.564 4.647 3.814 2.981 2.647 2.397
Mod.Dur. @ 100-00 2.546 3.914 3.382 2.848 2.307 2.052 1.894
</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: $40,400,000.00 DATED DATE: 12/01/97
COUPON: 6.615% ucfc7df FIRST PAYMENT: 01/15/98
FACTOR: 1.0000000000 TOTAL CLASSES: 8
ORIGINAL BALANCE: $40,400,000.00 BOND A4 BE-YIELD TABLE YIELD TABLE DATE: 12/22/97
</TABLE>
<TABLE>
<CAPTION>
PREPAYMENT SPEED
PRICING SPEED
25.00% 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 6.705 6.705 6.705 6.705 6.704 6.704 6.704
99-24+ 6.700 6.703 6.702 6.701 6.699 6.698 6.698
99-25 6.696 6.700 6.698 6.697 6.694 6.693 6.691
99-25+ 6.691 6.697 6.695 6.693 6.689 6.687 6.685
99-26 6.687 6.694 6.692 6.689 6.684 6.681 6.679
99-26+ 6.682 6.691 6.688 6.685 6.679 6.676 6.673
99-27 6.678 6.688 6.685 6.681 6.674 6.670 6.667
99-27+ 6.673 6.685 6.682 6.677 6.669 6.664 6.660
99-28 6.669 6.683 6.678 6.673 6.664 6.659 6.654
99-28+ 6.664 6.680 6.675 6.669 6.659 6.653 6.648
99-29 6.660 6.677 6.672 6.665 6.655 6.647 6.642
99-29+ 6.655 6.674 6.668 6.661 6.650 6.642 6.636
99-30 6.651 6.671 6.665 6.657 6.645 6.636 6.629
99-30+ 6.646 6.668 6.662 6.653 6.640 6.630 6.623
99-31 6.642 6.665 6.658 6.649 6.635 6.624 6.617
99-31+ 6.637 6.663 6.655 6.645 6.630 6.619 6.611
100-00 6.633 6.660 6.651 6.641 6.625 6.613 6.605
100-00+ 6.628 6.657 6.648 6.637 6.620 6.607 6.598
100-01 6.624 6.654 6.645 6.633 6.615 6.602 6.592
100-01+ 6.619 6.651 6.641 6.629 6.610 6.596 6.586
100-02 6.615 6.648 6.638 6.625 6.605 6.590 6.580
100-02+ 6.611 6.646 6.635 6.621 6.600 6.585 6.574
100-03 6.606 6.643 6.631 6.617 6.595 6.579 6.567
100-03+ 6.602 6.640 6.628 6.613 6.590 6.573 6.561
100-04 6.597 6.637 6.625 6.609 6.585 6.568 6.555
100-04+ 6.593 6.634 6.621 6.605 6.580 6.562 6.549
100-05 6.588 6.631 6.618 6.601 6.575 6.556 6.543
100-05+ 6.584 6.628 6.615 6.597 6.570 6.551 6.536
100-06 6.579 6.626 6.611 6.593 6.565 6.545 6.530
100-06+ 6.575 6.623 6.608 6.589 6.560 6.539 6.524
100-07 6.570 6.620 6.605 6.585 6.555 6.534 6.518
100-07+ 6.566 6.617 6.601 6.581 6.550 6.528 6.512
First Payment 3.397 5.564 4.647 3.814 2.981 2.647 2.397
Average Life 4.097 7.072 5.767 4.685 3.628 3.134 2.843
Last Payment 4.981 9.147 7.314 5.731 4.397 3.731 3.397
Mod.Dur. @ 100-00 3.476 5.458 4.640 3.901 3.124 2.742 2.512
</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: $18,110,000.00 DATED DATE: 12/01/97
COUPON: 6.680% ucfc7df FIRST PAYMENT: 01/15/98
FACTOR: 1.0000000000 TOTAL CLASSES: 8
ORIGINAL BALANCE: $18,110,000.00 BOND A5 BE-YIELD TABLE YIELD TABLE DATE: 12/22/97
</TABLE>
<TABLE>
<CAPTION>
PREPAYMENT SPEED
PRICING SPEED
25.00% 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 6.771 6.772 6.772 6.772 6.771 6.771 6.771
99-24+ 6.768 6.770 6.770 6.769 6.767 6.766 6.766
99-25 6.764 6.768 6.767 6.766 6.763 6.762 6.761
99-25+ 6.761 6.766 6.765 6.763 6.759 6.757 6.756
99-26 6.758 6.764 6.762 6.759 6.756 6.753 6.751
99-26+ 6.754 6.761 6.760 6.756 6.752 6.749 6.746
99-27 6.751 6.759 6.757 6.753 6.748 6.744 6.741
99-27+ 6.747 6.757 6.755 6.750 6.744 6.740 6.736
99-28 6.744 6.755 6.752 6.747 6.740 6.735 6.732
99-28+ 6.740 6.753 6.750 6.744 6.736 6.731 6.727
99-29 6.737 6.751 6.747 6.741 6.732 6.726 6.722
99-29+ 6.733 6.748 6.745 6.738 6.728 6.722 6.717
99-30 6.730 6.746 6.743 6.735 6.725 6.718 6.712
99-30+ 6.726 6.744 6.740 6.732 6.721 6.713 6.707
99-31 6.723 6.742 6.738 6.729 6.717 6.709 6.702
99-31+ 6.719 6.740 6.735 6.726 6.713 6.704 6.697
100-00 6.716 6.738 6.733 6.723 6.709 6.700 6.693
100-00+ 6.712 6.735 6.730 6.720 6.705 6.695 6.688
100-01 6.709 6.733 6.728 6.717 6.701 6.691 6.683
100-01+ 6.706 6.731 6.725 6.714 6.697 6.687 6.678
100-02 6.702 6.729 6.723 6.711 6.694 6.682 6.673
100-02+ 6.699 6.727 6.720 6.708 6.690 6.678 6.668
100-03 6.695 6.725 6.718 6.705 6.686 6.673 6.663
100-03+ 6.692 6.722 6.716 6.702 6.682 6.669 6.659
100-04 6.688 6.720 6.713 6.699 6.678 6.664 6.654
100-04+ 6.685 6.718 6.711 6.696 6.674 6.660 6.649
100-05 6.681 6.716 6.708 6.692 6.670 6.656 6.644
100-05+ 6.678 6.714 6.706 6.689 6.666 6.651 6.639
100-06 6.674 6.712 6.703 6.686 6.663 6.647 6.634
100-06+ 6.671 6.709 6.701 6.683 6.659 6.642 6.629
100-07 6.667 6.707 6.698 6.680 6.655 6.638 6.625
100-07+ 6.664 6.705 6.696 6.677 6.651 6.634 6.620
First Payment 4.981 9.147 7.314 5.731 4.397 3.731 3.397
Average Life 5.549 10.219 8.601 6.508 4.849 4.155 3.730
Last Payment 6.314 11.397 9.814 7.814 5.397 4.564 4.147
Mod.Dur. @ 100-00 4.493 7.179 6.337 5.113 4.014 3.516 3.200
</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: $30,490,000.00 DATED DATE: 12/01/97
COUPON: 6.990% ucfc7df FIRST PAYMENT: 01/15/98
FACTOR: 1.0000000000 TOTAL CLASSES: 8
ORIGINAL BALANCE: $30,490,000.00 BOND A6 BE-YIELD TABLE YIELD TABLE DATE: 12/22/97
</TABLE>
<TABLE>
<CAPTION>
PREPAYMENT SPEED
PRICING SPEED
25.00% 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>
99-23 7.094 7.094 7.094 7.094 7.094 7.094 7.095
99-23+ 7.092 7.092 7.092 7.092 7.092 7.091 7.091
99-24 7.089 7.090 7.090 7.090 7.089 7.088 7.088
99-24+ 7.087 7.088 7.088 7.088 7.086 7.085 7.085
99-25 7.085 7.087 7.086 7.085 7.084 7.082 7.081
99-25+ 7.082 7.085 7.084 7.083 7.081 7.079 7.078
99-26 7.080 7.083 7.082 7.081 7.079 7.077 7.075
99-26+ 7.078 7.081 7.080 7.079 7.076 7.074 7.071
99-27 7.076 7.080 7.079 7.077 7.074 7.071 7.068
99-27+ 7.073 7.078 7.077 7.075 7.071 7.068 7.065
99-28 7.071 7.076 7.075 7.073 7.069 7.065 7.061
99-28+ 7.069 7.074 7.073 7.071 7.066 7.062 7.058
99-29 7.066 7.073 7.071 7.069 7.063 7.059 7.055
99-29+ 7.064 7.071 7.069 7.067 7.061 7.056 7.051
99-30 7.062 7.069 7.067 7.065 7.058 7.053 7.048
99-30+ 7.059 7.067 7.065 7.062 7.056 7.050 7.045
99-31 7.057 7.066 7.064 7.060 7.053 7.047 7.041
99-31+ 7.055 7.064 7.062 7.058 7.051 7.044 7.038
100-00 7.053 7.062 7.060 7.056 7.048 7.041 7.035
100-00+ 7.050 7.060 7.058 7.054 7.046 7.038 7.031
100-01 7.048 7.059 7.056 7.052 7.043 7.035 7.028
100-01+ 7.046 7.057 7.054 7.050 7.041 7.032 7.025
100-02 7.043 7.055 7.052 7.048 7.038 7.029 7.021
100-02+ 7.041 7.053 7.050 7.046 7.035 7.026 7.018
100-03 7.039 7.052 7.049 7.044 7.033 7.023 7.015
100-03+ 7.037 7.050 7.047 7.042 7.030 7.020 7.012
100-04 7.034 7.048 7.045 7.040 7.028 7.017 7.008
100-04+ 7.032 7.046 7.043 7.038 7.025 7.014 7.005
100-05 7.030 7.045 7.041 7.035 7.023 7.012 7.002
100-05+ 7.027 7.043 7.039 7.033 7.020 7.009 6.998
100-06 7.025 7.041 7.037 7.031 7.018 7.006 6.995
100-06+ 7.023 7.039 7.035 7.029 7.015 7.003 6.992
First Payment 6.314 11.397 9.814 7.814 5.397 4.564 4.147
Average Life 9.900 15.057 13.330 11.345 8.591 7.077 6.103
Last Payment 29.647 29.647 29.647 29.647 29.647 29.647 29.647
Mod.Dur. @ 99-31 6.785 8.909 8.286 7.470 6.110 5.267 4.693
</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: 12/01/97
COUPON: 6.625% ucfc7df FIRST PAYMENT: 01/15/98
FACTOR: 1.0000000000 TOTAL CLASSES: 8
ORIGINAL BALANCE: $30,000,000.00 BOND A7 BE-YIELD TABLE YIELD TABLE DATE: 12/22/97
</TABLE>
<TABLE>
<CAPTION>
PREPAYMENT SPEED
PRICING SPEED
25.00% 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 6.716 6.716 6.716 6.716 6.715 6.715 6.715
99-24+ 6.712 6.713 6.713 6.712 6.712 6.712 6.712
99-25 6.709 6.710 6.710 6.709 6.709 6.709 6.709
99-25+ 6.706 6.707 6.707 6.706 6.706 6.706 6.705
99-26 6.703 6.704 6.704 6.703 6.703 6.702 6.702
99-26+ 6.700 6.701 6.701 6.700 6.699 6.699 6.699
99-27 6.697 6.698 6.698 6.697 6.696 6.696 6.695
99-27+ 6.693 6.696 6.695 6.694 6.693 6.692 6.692
99-28 6.690 6.693 6.692 6.691 6.690 6.689 6.689
99-28+ 6.687 6.690 6.689 6.688 6.686 6.686 6.685
99-29 6.684 6.687 6.686 6.685 6.683 6.682 6.682
99-29+ 6.681 6.684 6.683 6.682 6.680 6.679 6.678
99-30 6.678 6.681 6.680 6.679 6.677 6.676 6.675
99-30+ 6.675 6.678 6.677 6.676 6.674 6.672 6.672
99-31 6.671 6.676 6.674 6.673 6.670 6.669 6.668
99-31+ 6.668 6.673 6.671 6.670 6.667 6.666 6.665
100-00 6.665 6.670 6.668 6.666 6.664 6.663 6.662
100-00+ 6.662 6.667 6.665 6.663 6.661 6.659 6.658
100-01 6.659 6.664 6.662 6.660 6.658 6.656 6.655
100-01+ 6.656 6.661 6.659 6.657 6.654 6.653 6.652
100-02 6.653 6.659 6.657 6.654 6.651 6.649 6.648
100-02+ 6.649 6.656 6.654 6.651 6.648 6.646 6.645
100-03 6.646 6.653 6.651 6.648 6.645 6.643 6.642
100-03+ 6.643 6.650 6.648 6.645 6.641 6.640 6.638
100-04 6.640 6.647 6.645 6.642 6.638 6.636 6.635
100-04+ 6.637 6.644 6.642 6.639 6.635 6.633 6.632
100-05 6.634 6.641 6.639 6.636 6.632 6.630 6.628
100-05+ 6.631 6.639 6.636 6.633 6.629 6.626 6.625
100-06 6.627 6.636 6.633 6.630 6.625 6.623 6.621
100-06+ 6.624 6.633 6.630 6.627 6.622 6.620 6.618
100-07 6.621 6.630 6.627 6.624 6.619 6.616 6.615
100-07+ 6.618 6.627 6.624 6.621 6.616 6.613 6.611
First Payment 3.064 3.064 3.064 3.064 3.064 3.064 3.064
Average Life 6.329 7.171 6.868 6.537 6.155 5.965 5.847
Last Payment 24.647 28.897 28.147 26.314 22.897 20.981 19.897
Mod.Dur. @ 100-00 4.950 5.454 5.277 5.078 4.842 4.720 4.641
</TABLE>
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH A
DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED FINANCIAL
ADVISOR IMMEDIATELY.
<PAGE>
<TABLE>
<S> <C> <C>
CURRENT BALANCE: $30,000,000.00 DATED DATE: 12/01/97
COUPON: 5.000% ucfc7df FIRST PAYMENT: 01/15/98
FACTOR: 1.0000000000 TOTAL CLASSES: 8
ORIGINAL BALANCE: $30,000,000.00 BOND IO BE-YIELD TABLE YIELD TABLE DATE: 12/22/97
</TABLE>
<TABLE>
<CAPTION>
PREPAYMENT SPEED
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>
11.68900 15.947 15.947 15.947 15.947 15.947 15.947 15.947
11.78900 15.312 15.312 15.312 15.312 15.312 15.312 15.312
11.88900 14.685 14.685 14.685 14.685 14.685 14.685 14.685
11.98900 14.067 14.067 14.067 14.067 14.067 14.067 14.067
12.08900 13.458 13.458 13.458 13.458 13.458 13.458 13.458
12.18900 12.857 12.857 12.857 12.857 12.857 12.857 12.857
12.28900 12.265 12.265 12.265 12.265 12.265 12.265 12.265
12.38900 11.680 11.680 11.680 11.680 11.680 11.680 11.680
12.48900 11.103 11.103 11.103 11.103 11.103 11.103 11.103
12.58900 10.534 10.534 10.534 10.534 10.534 10.534 10.534
12.68900 9.972 9.972 9.972 9.972 9.972 9.972 9.972
12.78900 9.418 9.418 9.418 9.418 9.418 9.418 9.418
12.88900 8.871 8.871 8.871 8.871 8.871 8.871 8.871
12.98900 8.330 8.330 8.330 8.330 8.330 8.330 8.330
13.08900 7.797 7.797 7.797 7.797 7.797 7.797 7.797
13.18900 7.270 7.270 7.270 7.270 7.270 7.270 7.270
13.28900 6.750 6.750 6.750 6.750 6.750 6.750 6.750
13.38900 6.236 6.236 6.236 6.236 6.236 6.236 6.236
13.48900 5.729 5.729 5.729 5.729 5.729 5.729 5.729
13.58900 5.227 5.227 5.227 5.227 5.227 5.227 5.227
13.68900 4.732 4.732 4.732 4.732 4.732 4.732 4.732
13.78900 4.243 4.243 4.243 4.243 4.243 4.243 4.243
13.88900 3.759 3.759 3.759 3.759 3.759 3.759 3.759
13.98900 3.281 3.281 3.281 3.281 3.281 3.281 3.281
14.08900 2.809 2.809 2.809 2.809 2.809 2.809 2.809
14.18900 2.342 2.342 2.342 2.342 2.342 2.342 2.342
14.28900 1.880 1.880 1.880 1.880 1.880 1.880 1.880
14.38900 1.424 1.424 1.424 1.424 1.424 1.424 1.424
14.48900 0.972 0.972 0.972 0.972 0.972 0.972 0.972
14.58900 0.526 0.526 0.526 0.526 0.526 0.526 0.526
14.68900 0.085 0.085 0.085 0.085 0.085 0.085 0.085
14.78900 -0.352 -0.352 -0.352 -0.352 -0.352 -0.352 -0.352
First Payment 2.981 2.981 2.981 2.981 2.981 2.981 2.981
Average Life 2.981 2.981 2.981 2.981 2.981 2.981 2.981
Last Payment 2.981 2.981 2.981 2.981 2.981 2.981 2.981
Mod.Dur. @13.28900 1.424 1.424 1.424 1.424 1.424 1.424 1.424
</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 Loan Trust 1997-D (Preliminary Pool)
- Cut Off Date of Tape is 12/1/97
- Fixed-Rate Collateral
- $234,275,441.88
- Mortgage Summary Report
- --------------------------------------------------------------------------------
Number of Mortgage Loans: 5,669
Aggregate Unpaid Principal Balance: $234,275,441.88
Aggregate Original Principal Balance: $234,625,044.78
Weighted Average Gross Coupon: 11.638%
Gross Coupon Range: 7.750% - 15.500%
- --------------------------------------------------------------------------------
Average Unpaid Principal Balance: $41,325.71
Average Original Principal Balance: $41,387.38
Maximum Unpaid Principal Balance: $524,824.68
Minimum Unpaid Principal Balance: $5,100.00
Maximum Original Principal Balance: $525,000.00
Minimum Original Principal Balance: $5,100.00
Weighted Avg. Stated Rem. Term (PTD to Mat Date): 246.057
Stated Rem Term Range: 48.000 - 360.000
Weighted Avg. Amortized Rem. Term: 253.081
Amortized Rem Term Range: 0.000 - 360.258
Weighted Average Age : 1.069
Age Range: 0.000 - 176.000
Weighted Average Original Term: 247.127
Original Term Range: 48.000 - 360.000
Weighted Average Cashout LTV: 66.381
Cashout LTV Range: 0.000% - 99.400%
Weighted Average Note LTV: 76.924
Note LTV Range: 7.800% - 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>
<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 30 0.53% 1,298,049.17 0.55
Alaska 1 0.02% 63,000.00 0.03
Arizona 35 0.62% 1,319,805.14 0.56
Arkansas 160 2.82% 6,277,626.68 2.68
California 167 2.95% 11,461,050.65 4.89
Colorado 46 0.81% 1,953,274.18 0.83
Connecticut 26 0.46% 1,300,292.26 0.56
Delaware 11 0.19% 581,663.80 0.25
Dist of Col 6 0.11% 268,634.71 0.11
Florida 541 9.54% 22,233,231.99 9.49
Georgia 215 3.79% 9,032,835.63 3.86
Hawaii 12 0.21% 2,064,793.24 0.88
Idaho 14 0.25% 759,503.91 0.32
Illinois 84 1.48% 2,887,545.41 1.23
Indiana 252 4.45% 8,655,321.44 3.69
Iowa 41 0.72% 1,614,936.81 0.69
Kansas 3 0.05% 99,441.98 0.04
Kentucky 126 2.22% 4,654,824.59 1.99
Louisiana 743 13.11% 28,994,296.21 12.38
Maine 53 0.93% 2,416,504.19 1.03
Maryland 35 0.62% 2,015,770.22 0.86
Massachsetts 23 0.41% 948,830.62 0.41
Michigan 345 6.09% 12,337,916.48 5.27
Minnesota 12 0.21% 366,426.83 0.16
Mississippi 322 5.68% 12,348,121.12 5.27
Missouri 104 1.83% 3,779,960.83 1.61
Montana 5 0.09% 351,299.58 0.15
Nebraska 8 0.14% 236,414.76 0.10
Nevada 2 0.04% 94,300.00 0.04
New Hampshire 26 0.46% 1,154,552.02 0.49
New Jersey 43 0.76% 3,133,276.13 1.34
New Mexico 11 0.19% 398,058.13 0.17
New York 268 4.73% 10,764,297.83 4.59
North Carolina 368 6.49% 16,186,541.85 6.91
Ohio 290 5.12% 11,277,445.56 4.81
Oklahoma 151 2.66% 4,959,432.38 2.12
Oregon 15 0.26% 935,758.12 0.40
Pennsylvania 285 5.03% 10,666,206.94 4.55
Rhode Island 6 0.11% 303,300.00 0.13
South Carolina 288 5.08% 11,145,992.13 4.76
South Dakota 1 0.02% 26,725.54 0.01
Tennessee 229 4.04% 10,395,690.71 4.44
Texas 12 0.21% 572,380.34 0.24
Utah 14 0.25% 906,543.97 0.39
Vermont 3 0.05% 228,000.00 0.10
Virginia 74 1.31% 3,434,829.49 1.47
Washington 36 0.64% 2,640,328.05 1.13
West Virginia 42 0.74% 1,855,727.35 0.79
Wisconsin 84 1.48% 2,815,327.13 1.20
Wyoming 1 0.02% 59,355.78 0.03
- -------------------------------------------------------------------------------------
Total................... 5,669 100.00% 234,275,441.88 100.00%
=====================================================================================
</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
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 CLTV less than or equal to 10.000 2 0.04 19,200.00 0.01
10.000 less than CLTV less than or equal to 15.000 13 0.23 230,586.87 0.10
15.000 less than CLTV less than or equal to 20.000 19 0.34 365,697.68 0.16
20.000 less than CLTV less than or equal to 25.000 33 0.58 656,026.82 0.28
25.000 less than CLTV less than or equal to 30.000 53 0.93 1,252,761.75 0.53
30.000 less than CLTV less than or equal to 35.000 60 1.06 1,465,916.77 0.63
35.000 less than CLTV less than or equal to 40.000 90 1.59 2,090,312.27 0.89
40.000 less than CLTV less than or equal to 45.000 120 2.12 3,365,249.69 1.44
45.000 less than CLTV less than or equal to 50.000 141 2.49 4,641,295.68 1.98
50.000 less than CLTV less than or equal to 55.000 172 3.03 5,728,119.48 2.45
55.000 less than CLTV less than or equal to 60.000 255 4.50 8,274,870.96 3.53
60.000 less than CLTV less than or equal to 65.000 309 5.45 10,839,417.34 4.63
65.000 less than CLTV less than or equal to 70.000 439 7.74 17,695,247.41 7.55
70.000 less than CLTV less than or equal to 75.000 722 12.74 29,497,251.97 12.59
75.000 less than CLTV less than or equal to 80.000 1145 20.20 53,630,899.79 22.89
80.000 less than CLTV less than or equal to 85.000 759 13.39 31,913,470.90 13.62
85.000 less than CLTV less than or equal to 90.000 658 11.61 29,959,521.35 12.79
90.000 less than CLTV less than or equal to 95.000 308 5.43 14,735,265.66 6.29
95.000 less than CLTV less than or equal to 100.000 371 6.54 17,914,329.49 7.65
- --------------------------------------------------------------------------------------------------------------
Total............................................. 5,669 100.00% 234,275,441.88 100.00%
==============================================================================================================
</TABLE>
<TABLE>
<CAPTION>
GROSS COUPON
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>
7.50% less than Gross Cpn less than or equal to 8.00% 3 0.05 591,170.31 0.25
8.00% less than Gross Cpn less than or equal to 8.50% 12 0.21 1,564,990.85 0.67
8.50% less than Gross Cpn less than or equal to 9.00% 43 0.76 4,066,217.47 1.74
9.00% less than Gross Cpn less than or equal to 9.50% 58 1.02 4,476,594.14 1.91
9.50% less than Gross Cpn less than or equal to 10.00% 268 4.73 12,769,415.14 5.45
10.00% less than Gross Cpn less than or equal to 10.50% 432 7.62 21,030,953.20 8.98
10.50% less than Gross Cpn less than or equal to 11.00% 661 11.66 31,301,146.55 13.36
11.00% less than Gross Cpn less than or equal to 11.50% 672 11.85 31,675,265.97 13.52
11.50% less than Gross Cpn less than or equal to 12.00% 1,266 22.33 49,601,697.34 21.17
12.00% less than Gross Cpn less than or equal to 12.50% 640 11.29 24,551,797.92 10.48
12.50% less than Gross Cpn less than or equal to 13.00% 1,043 18.40 34,045,089.27 14.53
13.00% less than Gross Cpn less than or equal to 13.50% 198 3.49 7,399,218.12 3.16
13.50% less than Gross Cpn less than or equal to 14.00% 168 2.96 5,575,699.38 2.38
14.00% less than Gross Cpn less than or equal to 14.50% 77 1.36 2,491,535.05 1.06
14.50% less than Gross Cpn less than or equal to 15.00% 57 1.01 1,188,833.00 0.51
15.00% less than Gross Cpn less than or equal to 15.50% 71 1.25 1,945,818.17 0.83
- ---------------------------------------------------------------------------------------------------------------
Total................................................ 5,669 100.00 234,275,441.88 100.00
===============================================================================================================
</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 or equal to 50,000 4276 75.43 122,945,409.36 52.48
50,000 less than Balance less than or equal to 100,000 1150 20.29 75,268,121.64 32.13
100,000 less than Balance less than or equal to 150,000 179 3.16 21,483,325.37 9.17
150,000 less than Balance less than or equal to 200,000 36 0.64 6,351,917.28 2.71
200,000 less than Balance less than or equal to 250,000 11 0.19 2,443,395.00 1.04
250,000 less than Balance less than or equal to 300,000 5 0.09 1,388,146.09 0.59
300,000 less than Balance less than or equal to 350,000 6 0.11 1,971,638.29 0.84
350,000 less than Balance less than or equal to 400,000 4 0.07 1,414,333.51 0.60
450,000 less than Balance less than or equal to 500,000 1 0.02 484,330.66 0.21
500,000 less than Balance less than or equal to 550,000 1 0.02 524,824.68 0.22
- ----------------------------------------------------------------------------------------------------------------
Total...................................................... 5669 100.00% 234,275,441.88 100.00%
================================================================================================================
</TABLE>
<TABLE>
<CAPTION>
LIEN STATUS AND OWNER OCCUPANCY
-------------------------------------------------------------------------------------
Aggregate Percent of
Unpaid Aggregate
Number of Percent of Principal Principal
Loans Loan Count Balance Balance
<S> <C> <C> <C> <C>
Owner Occupied, 1st Mtg 4,354 76.80 196,222,766.72 83.76
Non-Owner Occupied, 1st Mtg 479 8.45 17,171,320.14 7.33
Second Home, 1st Mtg 3 0.05 325,303.86 0.14
Owner Occupied, 2nd Mtg 824 14.54 19,936,458.78 8.51
Multiple Properties, 1st Mtgs 9 0.16 619,592.38 0.26
- -------------------------------------------------------------------------------------
Total.................. 5,669 100.00% 234,275,441.88 100.00%
=====================================================================================
</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 or equal to 6 5,560 98.08 228,043,483.88 97.34
6 less than Age less than or equal to 12 24 0.42 1,239,194.89 0.53
12 less than Age less than or equal to 18 20 0.35 1,039,729.43 0.44
18 less than Age less than or equal to 24 23 0.41 1,772,086.22 0.76
24 less than Age less than or equal to 30 10 0.18 663,574.87 0.28
30 less than Age less than or equal to 36 9 0.16 667,959.95 0.29
36 less than Age less than or equal to 42 7 0.12 208,864.52 0.09
42 less than Age less than or equal to 48 1 0.02 20,443.64 0.01
48 less than Age less than or equal to 54 1 0.02 77,875.06 0.03
54 less than Age less than or equal to 60 3 0.05 108,246.91 0.05
60 less than Age less than or equal to 66 1 0.02 38,291.80 0.02
66 less than Age less than or equal to 72 1 0.02 27,060.48 0.01
72 less than Age less than or equal to 78 1 0.02 20,249.98 0.01
78 less than Age less than or equal to 84 2 0.04 114,773.63 0.05
90 less than Age less than or equal to 96 1 0.02 28,463.39 0.01
114 less than Age less than or equal to 120 1 0.02 17,217.65 0.01
144 less than Age less than or equal to 156 2 0.04 115,223.33 0.05
156 less than Age less than or equal to 168 1 0.02 34,049.84 0.01
168 less than Age less than or equal to 180 1 0.02 38,652.41 0.02
- -----------------------------------------------------------------------------------------------------------------
Total...................................... 5,669 100.00% 234,275,441.88 100.00%
=================================================================================================================
</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>
PROPERTY TYPE
-------------------------------------------------------------------------------------
Aggregate Percent of
Unpaid Aggregate
Number of Percent of Principal Principal
Loans Loan Count Balance Balance
<S> <C> <C> <C> <C>
Deminimus PUD 2 0.04 80,500.00 0.03
Duplex 169 2.98 7,454,562.02 3.18
Triplex 13 0.23 634,243.52 0.27
Fourplex or Quadplex 9 0.16 540,949.95 0.23
Rowhouse 104 1.83 3,091,940.95 1.32
Modular Housing 7 0.12 344,805.65 0.15
Manufactured Housing 4 0.07 211,923.38 0.09
Manuf Hsg Perm/Land 905 15.96 31,688,252.61 13.53
Semi Detached 6 0.11 251,313.29 0.11
PUD 12 0.21 1,000,778.89 0.43
Townhouses 4 0.07 104,670.32 0.04
Condominiums 71 1.25 3,301,471.80 1.41
Single Family Detached 4,363 76.96 185,570,029.50 79.21
- -------------------------------------------------------------------------------------
Total............... 5,669 100.00% 234,275,441.88 100.00%
=====================================================================================
</TABLE>
<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 or equal to 48 8 0.14 89,000.00 0.04
48 less than Rem Term less than or equal to 60 89 1.57 1,606,638.92 0.69
60 less than Rem Term less than or equal to 72 18 0.32 289,257.15 0.12
72 less than Rem Term less than or equal to 84 54 0.95 1,001,756.69 0.43
84 less than Rem Term less than or equal to 96 24 0.42 425,262.30 0.18
96 less than Rem Term less than or equal to 108 12 0.21 232,535.16 0.10
108 less than Rem Term less than or equal to 120 690 12.17 16,434,518.08 7.02
120 less than Rem Term less than or equal to 132 2 0.04 84,670.74 0.04
132 less than Rem Term less than or equal to 144 313 5.52 8,619,311.58 3.68
144 less than Rem Term less than or equal to 156 12 0.21 400,213.00 0.17
156 less than Rem Term less than or equal to 168 14 0.25 433,436.05 0.19
168 less than Rem Term less than or equal to 180 2,393 42.21 86,616,704.42 36.97
180 less than Rem Term less than or equal to 192 3 0.05 91,328.58 0.04
192 less than Rem Term less than or equal to 204 3 0.05 101,643.53 0.04
204 less than Rem Term less than or equal to 216 5 0.09 253,636.76 0.11
216 less than Rem Term less than or equal to 228 3 0.05 191,899.68 0.08
228 less than Rem Term less than or equal to 240 678 11.96 30,267,776.17 12.92
252 less than Rem Term less than or equal to 264 1 0.02 44,600.00 0.02
264 less than Rem Term less than or equal to 276 1 0.02 43,314.01 0.02
276 less than Rem Term less than or equal to 288 1 0.02 71,459.62 0.03
288 less than Rem Term less than or equal to 300 62 1.09 2,669,538.22 1.14
300 less than Rem Term less than or equal to 312 1 0.02 77,875.06 0.03
312 less than Rem Term less than or equal to 324 2 0.04 126,289.10 0.05
324 less than Rem Term less than or equal to 336 8 0.14 1,233,744.60 0.53
336 less than Rem Term less than or equal to 348 18 0.32 1,827,464.95 0.78
348 less than Rem Term less than or equal to 360 1,254 22.12 81,041,567.51 34.59
- -------------------------------------------------------------------------------------------------------------
Total........................................... 5,669 100.00% 234,275,441.88 100.00%
=============================================================================================================
</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>
UCFC Loan Trust 1997-D -- Home Equity Loan Pass-Through Certificates
<TABLE>
<CAPTION>
UCFC LOAN TRUST 1997-D PRICING INFORMATION
--------------------------------------------------------
(FIXED-RATE COLLATERAL ONLY)
UCFC Loan Trust 1997-D Lead Manager: Prudential Securities Incorporated
Co-Manager: Salomon Brothers
** Note: The Class A-IO Certificates are being offered by Prudential Securities only **
<S> <C> <C> <C> <C> <C>
Class: A-1 A-2 A-3 A-4 A-5
Approximate
Face Amount: [95,300,000] [47,500,000] [38,200,000] [40,400,000] [18,110,000]
Coupon: 1M LIBOR + 14 bps 6.475 6.510 6.670 6.755
Price: 100-00 100-00 100-00 100-00 100-00
Yield: N/A 6.425 6.500 6.689 6.792
Spread: 14 67 70 82 92
Exp Avg Life
to Maturity: [0.90] yrs [2.00] yrs [2.88] yrs [4.10] yrs [5.55] yrs
Exp Avg Life
to 10% Call: [0.90] yrs [2.00] yrs [2.88] yrs [4.10] yrs [5.55] yrs
Exp 1st Prin Pmt: 01/15/98 [07/15/99 06/15/00 05/15/01 12/15/02]
Exp Mat: [07/15/99 06/15/00 05/15/01 12/15/02 04/15/04]
Exp Mat to 10% Call: [07/15/99 06/15/00 05/15/01 12/15/02 04/15/04]
Stated Mat: [09/15/09 06/15/12 01/15/16 06/15/20 11/15/23]
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: 12/05/97 12/05/97 12/05/97 12/05/97 12/05/97
Investor
Settle Date: 12/22/97 12/22/97 12/22/97 12/22/97 12/22/97
Pmt Delay: 0 days 14 days 14 days 14 days 14 days
Cut-off Date: 12/01/97 12/01/97 12/01/97 12/01/97 12/01/97
Dated Date: 12/19/97 12/01/97 12/01/97 12/01/97 12/01/97
Int Pmt: actual/360 30/360 30/360 30/360 30/360
Pmt Terms: Monthly Monthly Monthly Monthly Monthly
1st Int. Pmt Date: 01/15/98 01/15/98 01/15/98 01/15/98 01/15/98
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 + 14 bps
2) Net Funds Cap
Net Funds Cap: A rate equal to the weighted of the Mortgage Rates on
the Home Equity Loans less (i) 0.6475% per annum for servicing
fee, trustee fee and certificate insurer premium; and (ii) for
the first 36 Distribution Dates the product of (a) 5.00% and (b)
the Class A-IO Notional Amount divided by the Principal Balance
of the Fixed-rate collateral group 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-D -- Home Equity Loan Pass-Through Certificates
<TABLE>
<CAPTION>
UCFC LOAN TRUST 1997-D PRICING INFORMATION (continued)
--------------------------------------------------------
(FIXED-RATE COLLATERAL ONLY)
<S> <C> <C> <C>
Class: A-6 A-7 | A-IO
(NAS BOND) | (NAS IO - Offered by PSI only)
Approximate |
Face Amount: [30,490,000] [30,000,000] | [$30,000,000] Notional Balance
|
Coupon: 7.095 6.680 | 5.00%
|
Price: 100-00 100-00 | 13.3181
|
Yield: 7.160 6.721 | 6.600
|
Spread: 121 80 | n/a
|
Exp Avg Life to Maturity: [9.90] yrs [6.33] yrs | n/a
|
Exp Avg Life to 10% call: [7.36] yrs [6.10] yrs | n/a
|
Exp 1st Prin Pmt: [04/15/04] [01/15/01] | n/a
|
Exp Mat: [08/15/27] [10/15/20] | [12/15/00]
|
Exp Mat to 10% call: [07/15/05] [07/15/05] | [12/15/00]
|
Stated Mat: [04/15/29] [04/15/29] | [12/15/00]
|
Expected Rating: AAA/Aaa/AAA AAA/Aaa/AAA | AAAr/Aaa/AAA
|
Pricing Speed: [25]% HEP [25]% HEP | [25]% HEP
|
Pricing Date: 12/05/97 12/05/97 | 12/05/97
|
Investor Settle Date: 12/22/97 12/22/97 | 12/22/97
|
Pmt Delay: 14 days 14 days | 14 days
|
Cut-off Date: 12/01/97 12/01/97 | 12/01/97
|
Dated Date: 12/01/97 12/01/97 | 12/01/97
|
Int Pmt: 30/360 30/360 | 30/360
|
Pmt Terms: Monthly Monthly | Monthly
|
1st Int. Pmt Date: 01/15/98 01/15/98 | 01/15/98
|
Collateral Type: Fixed-Rate Fixed-Rate | fixed-rate
|
SMMEA Eligibility: non-SMMEA non-SMMEA | non-SMMEA
* May be subject to the Net Funds Cap (described on the previous page).
- --------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<S> <C>
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
--------------------------------
January 1998 to December 2000 equal to or greater than 0%
January 2001 to December 2002 equal to or greater than 45%
January 2003 to December 2003 equal to or greater than 80%
January 2004 to December 2004 equal to or greater than 100%
January 2005 and after equal to or greater than 300%
</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: $95,300,000.00 DATED DATE: 12/19/97
CURRENT COUPON: 6.140% ucfc7df FIRST PAYMENT: 01/15/98
FACTOR: 1.0000000000 TOTAL CLASSES: 8
ORIGINAL BALANCE: $95,300,000.00 BOND A1 DISCOUNT MARGIN ACT/360 TABLE YIELD TABLE DATE: 12/22/97
</TABLE>
<TABLE>
<CAPTION>
ASSUMED CONSTANT LIBOR-1M 6.0000
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 42.433 34.079 36.746 40.088 44.667 47.464 49.465
99-24+ 40.652 32.821 35.321 38.453 42.746 45.368 47.243
99-25 38.871 31.564 33.896 36.819 40.825 43.272 45.022
99-25+ 37.091 30.306 32.472 35.186 38.905 41.176 42.801
99-26 35.310 29.049 31.048 33.552 36.985 39.081 40.580
99-26+ 33.530 27.792 29.624 31.919 35.065 36.986 38.360
99-27 31.751 26.535 28.200 30.287 33.146 34.892 36.141
99-27+ 29.972 25.279 26.777 28.654 31.227 32.798 33.922
99-28 28.193 24.023 25.354 27.022 29.308 30.704 31.703
99-28+ 26.415 22.767 23.932 25.391 27.390 28.611 29.485
99-29 24.637 21.511 22.509 23.759 25.473 26.519 27.267
99-29+ 22.859 20.256 21.087 22.128 23.555 24.427 25.050
99-30 21.082 19.001 19.665 20.498 21.638 22.335 22.833
99-30+ 19.305 17.746 18.244 18.867 19.722 20.244 20.617
99-31 17.528 16.492 16.823 17.237 17.806 18.153 18.401
99-31+ 15.752 15.237 15.402 15.608 15.890 16.062 16.185
100-00 13.976 13.983 13.981 13.978 13.974 13.972 13.970
100-00+ 12.201 12.729 12.561 12.349 12.059 11.882 11.756
100-01 10.426 11.476 11.141 10.721 10.145 9.793 9.542
100-01+ 8.651 10.223 9.721 9.092 8.231 7.705 7.328
100-02 6.877 8.970 8.302 7.464 6.317 5.616 5.115
100-02+ 5.103 7.717 6.882 5.837 4.403 3.528 2.902
100-03 3.329 6.465 5.464 4.209 2.490 1.441 0.690
First Payment 0.064 0.064 0.064 0.064 0.064 0.064 0.064
Average Life 0.900 1.294 1.135 0.984 0.832 0.760 0.716
Last Payment 1.564 2.397 2.064 1.731 1.481 1.314 1.231
Mod.Dur. @ 100-00 0.846 1.197 1.057 0.922 0.784 0.718 0.678
</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: $47,500,000.00 DATED DATE: 12/01/97
COUPON: 6.475% ucfc7df FIRST PAYMENT: 01/15/98
FACTOR: 1.0000000000 TOTAL CLASSES: 8
ORIGINAL BALANCE: $47,500,000.00 BOND A2 BE-YIELD TABLE YIELD TABLE DATE: 12/22/97
</TABLE>
<TABLE>
<CAPTION>
PREPAYMENT SPEED
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 6.562 6.562 6.562 6.562 6.562 6.562 6.561
99-24+ 6.553 6.557 6.556 6.554 6.552 6.551 6.550
99-25 6.545 6.551 6.549 6.546 6.543 6.541 6.539
99-25+ 6.536 6.545 6.542 6.539 6.533 6.530 6.527
99-26 6.528 6.539 6.536 6.531 6.524 6.519 6.516
99-26+ 6.519 6.534 6.529 6.523 6.515 6.509 6.505
99-27 6.510 6.528 6.523 6.516 6.505 6.498 6.493
99-27+ 6.502 6.522 6.516 6.508 6.496 6.488 6.482
99-28 6.493 6.517 6.509 6.500 6.486 6.477 6.471
99-28+ 6.485 6.511 6.503 6.492 6.477 6.467 6.459
99-29 6.476 6.505 6.496 6.485 6.468 6.456 6.448
99-29+ 6.467 6.500 6.490 6.477 6.458 6.446 6.437
99-30 6.459 6.494 6.483 6.469 6.449 6.435 6.426
99-30+ 6.450 6.488 6.477 6.462 6.439 6.425 6.414
99-31 6.442 6.482 6.470 6.454 6.430 6.414 6.403
99-31+ 6.433 6.477 6.463 6.446 6.421 6.404 6.392
100-00 6.425 6.471 6.457 6.438 6.411 6.393 6.380
100-00+ 6.416 6.465 6.450 6.431 6.402 6.383 6.369
100-01 6.408 6.460 6.444 6.423 6.392 6.372 6.358
100-01+ 6.399 6.454 6.437 6.415 6.383 6.362 6.346
100-02 6.390 6.448 6.431 6.408 6.374 6.351 6.335
100-02+ 6.382 6.443 6.424 6.400 6.364 6.341 6.324
100-03 6.373 6.437 6.417 6.392 6.355 6.330 6.312
100-03+ 6.365 6.431 6.411 6.384 6.346 6.320 6.301
100-04 6.356 6.426 6.404 6.377 6.336 6.309 6.290
100-04+ 6.348 6.420 6.398 6.369 6.327 6.299 6.279
100-05 6.339 6.414 6.391 6.361 6.317 6.289 6.267
100-05+ 6.331 6.409 6.385 6.354 6.308 6.278 6.256
100-06 6.322 6.403 6.378 6.346 6.299 6.268 6.245
100-06+ 6.314 6.397 6.371 6.338 6.289 6.257 6.234
100-07 6.305 6.391 6.365 6.331 6.280 6.247 6.222
100-07+ 6.296 6.386 6.358 6.323 6.271 6.236 6.211
First Payment 1.564 2.397 2.064 1.731 1.481 1.314 1.231
Average Life 2.000 3.118 2.660 2.236 1.811 1.610 1.489
Last Payment 2.481 3.897 3.314 2.731 2.231 1.981 1.814
Mod.Dur. @ 100-00 1.819 2.736 2.368 2.019 1.657 1.483 1.377
</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: $38,200,000.00 DATED DATE: 12/01/97
COUPON: 6.510% ucfc7df FIRST PAYMENT: 01/15/98
FACTOR: 1.0000000000 TOTAL CLASSES: 8
ORIGINAL BALANCE: $38,200,000.00 BOND A3 BE-YIELD TABLE YIELD TABLE DATE: 12/22/97
</TABLE>
<TABLE>
<CAPTION>
PREPAYMENT SPEED
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 6.598 6.598 6.598 6.598 6.597 6.597 6.597
99-24+ 6.591 6.594 6.593 6.592 6.591 6.590 6.589
99-25 6.585 6.590 6.589 6.587 6.584 6.582 6.581
99-25+ 6.579 6.586 6.584 6.581 6.577 6.574 6.572
99-26 6.573 6.582 6.579 6.576 6.570 6.567 6.564
99-26+ 6.567 6.578 6.575 6.570 6.564 6.559 6.556
99-27 6.561 6.574 6.570 6.565 6.557 6.552 6.548
99-27+ 6.555 6.570 6.566 6.559 6.550 6.544 6.539
99-28 6.549 6.566 6.561 6.554 6.543 6.536 6.531
99-28+ 6.542 6.562 6.556 6.548 6.537 6.529 6.523
99-29 6.536 6.558 6.552 6.543 6.530 6.521 6.515
99-29+ 6.530 6.554 6.547 6.537 6.523 6.514 6.507
99-30 6.524 6.550 6.543 6.532 6.516 6.506 6.498
99-30+ 6.518 6.546 6.538 6.527 6.510 6.498 6.490
99-31 6.512 6.542 6.533 6.521 6.503 6.491 6.482
99-31+ 6.506 6.538 6.529 6.516 6.496 6.483 6.474
100-00 6.500 6.534 6.524 6.510 6.489 6.476 6.465
100-00+ 6.493 6.530 6.520 6.505 6.483 6.468 6.457
100-01 6.487 6.526 6.515 6.499 6.476 6.461 6.449
100-01+ 6.481 6.522 6.510 6.494 6.469 6.453 6.441
100-02 6.475 6.518 6.506 6.488 6.462 6.445 6.433
100-02+ 6.469 6.514 6.501 6.483 6.456 6.438 6.424
100-03 6.463 6.510 6.497 6.477 6.449 6.430 6.416
100-03+ 6.457 6.506 6.492 6.472 6.442 6.423 6.408
100-04 6.451 6.502 6.487 6.466 6.435 6.415 6.400
100-04+ 6.445 6.499 6.483 6.461 6.429 6.407 6.392
100-05 6.438 6.495 6.478 6.455 6.422 6.400 6.383
100-05+ 6.432 6.491 6.474 6.450 6.415 6.392 6.375
100-06 6.426 6.487 6.469 6.445 6.408 6.385 6.367
100-06+ 6.420 6.483 6.464 6.439 6.402 6.377 6.359
100-07 6.414 6.479 6.460 6.434 6.395 6.370 6.351
100-07+ 6.408 6.475 6.455 6.428 6.388 6.362 6.342
First Payment 2.481 3.897 3.314 2.731 2.231 1.981 1.814
Average Life 2.879 4.684 3.957 3.259 2.584 2.276 2.088
Last Payment 3.397 5.564 4.647 3.814 2.981 2.647 2.397
Mod.Dur. @ 100-00 2.545 3.912 3.381 2.847 2.306 2.052 1.894
</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: $40,400,000.00 DATED DATE: 12/01/97
COUPON: 6.670% ucfc7df FIRST PAYMENT: 01/15/98
FACTOR: 1.0000000000 TOTAL CLASSES: 8
ORIGINAL BALANCE: $40,400,000.00 BOND A4 BE-YIELD TABLE YIELD TABLE DATE: 12/22/97
</TABLE>
<TABLE>
<CAPTION>
PREPAYMENT SPEED
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 6.761 6.762 6.761 6.761 6.760 6.760 6.760
99-24+ 6.756 6.759 6.758 6.757 6.755 6.754 6.753
99-25 6.752 6.756 6.755 6.753 6.750 6.748 6.747
99-25+ 6.747 6.753 6.751 6.749 6.745 6.743 6.741
99-26 6.743 6.750 6.748 6.745 6.740 6.737 6.735
99-26+ 6.738 6.747 6.744 6.741 6.735 6.731 6.728
99-27 6.734 6.744 6.741 6.737 6.730 6.726 6.722
99-27+ 6.729 6.742 6.738 6.733 6.725 6.720 6.716
99-28 6.725 6.739 6.734 6.729 6.720 6.714 6.710
99-28+ 6.720 6.736 6.731 6.725 6.715 6.709 6.704
99-29 6.716 6.733 6.728 6.721 6.710 6.703 6.697
99-29+ 6.711 6.730 6.724 6.717 6.705 6.697 6.691
99-30 6.707 6.727 6.721 6.713 6.700 6.692 6.685
99-30+ 6.702 6.724 6.718 6.709 6.695 6.686 6.679
99-31 6.698 6.722 6.714 6.705 6.690 6.680 6.673
99-31+ 6.693 6.719 6.711 6.701 6.685 6.674 6.666
100-00 6.689 6.716 6.707 6.697 6.680 6.669 6.660
100-00+ 6.684 6.713 6.704 6.693 6.675 6.663 6.654
100-01 6.680 6.710 6.701 6.689 6.670 6.657 6.648
100-01+ 6.675 6.707 6.697 6.685 6.665 6.652 6.642
100-02 6.671 6.704 6.694 6.681 6.660 6.646 6.635
100-02+ 6.666 6.702 6.691 6.677 6.655 6.640 6.629
100-03 6.662 6.699 6.687 6.673 6.650 6.635 6.623
100-03+ 6.657 6.696 6.684 6.669 6.645 6.629 6.617
100-04 6.653 6.693 6.681 6.665 6.640 6.623 6.611
100-04+ 6.648 6.690 6.677 6.661 6.635 6.618 6.604
100-05 6.644 6.687 6.674 6.657 6.631 6.612 6.598
100-05+ 6.639 6.684 6.671 6.653 6.626 6.606 6.592
100-06 6.635 6.682 6.667 6.649 6.621 6.601 6.586
100-06+ 6.631 6.679 6.664 6.645 6.616 6.595 6.580
100-07 6.626 6.676 6.660 6.641 6.611 6.589 6.573
100-07+ 6.622 6.673 6.657 6.637 6.606 6.584 6.567
First Payment 3.397 5.564 4.647 3.814 2.981 2.647 2.397
Average Life 4.097 7.072 5.767 4.685 3.628 3.134 2.843
Last Payment 4.981 9.147 7.314 5.731 4.397 3.731 3.397
Mod.Dur. @ 100-00 3.471 5.447 4.632 3.895 3.120 2.739 2.509
</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: $18,110,000.00 DATED DATE: 12/01/97
COUPON: 6.755% ucfc7df FIRST PAYMENT: 01/15/98
FACTOR: 1.0000000000 TOTAL CLASSES: 8
ORIGINAL BALANCE: $18,110,000.00 BOND A5 BE-YIELD TABLE YIELD TABLE DATE: 12/22/97
</TABLE>
<TABLE>
<CAPTION>
PREPAYMENT SPEED
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 6.848 6.849 6.849 6.848 6.848 6.847 6.847
99-24+ 6.844 6.847 6.846 6.845 6.844 6.843 6.842
99-25 6.841 6.845 6.844 6.842 6.840 6.838 6.837
99-25+ 6.837 6.842 6.841 6.839 6.836 6.834 6.832
99-26 6.834 6.840 6.839 6.836 6.832 6.829 6.827
99-26+ 6.830 6.838 6.836 6.833 6.828 6.825 6.822
99-27 6.827 6.836 6.834 6.830 6.824 6.820 6.817
99-27+ 6.824 6.834 6.831 6.827 6.820 6.816 6.813
99-28 6.820 6.832 6.829 6.824 6.816 6.812 6.808
99-28+ 6.817 6.829 6.827 6.821 6.812 6.807 6.803
99-29 6.813 6.827 6.824 6.818 6.809 6.803 6.798
99-29+ 6.810 6.825 6.822 6.815 6.805 6.798 6.793
99-30 6.806 6.823 6.819 6.812 6.801 6.794 6.788
99-30+ 6.803 6.821 6.817 6.808 6.797 6.789 6.783
99-31 6.799 6.818 6.814 6.805 6.793 6.785 6.778
99-31+ 6.796 6.816 6.812 6.802 6.789 6.780 6.774
100-00 6.792 6.814 6.809 6.799 6.785 6.776 6.769
100-00+ 6.789 6.812 6.807 6.796 6.781 6.772 6.764
100-01 6.785 6.810 6.804 6.793 6.778 6.767 6.759
100-01+ 6.782 6.808 6.802 6.790 6.774 6.763 6.754
100-02 6.778 6.805 6.799 6.787 6.770 6.758 6.749
100-02+ 6.775 6.803 6.797 6.784 6.766 6.754 6.744
100-03 6.771 6.801 6.794 6.781 6.762 6.749 6.739
100-03+ 6.768 6.799 6.792 6.778 6.758 6.745 6.735
100-04 6.765 6.797 6.790 6.775 6.754 6.741 6.730
100-04+ 6.761 6.795 6.787 6.772 6.750 6.736 6.725
100-05 6.758 6.792 6.785 6.769 6.746 6.732 6.720
100-05+ 6.754 6.790 6.782 6.766 6.743 6.727 6.715
100-06 6.751 6.788 6.780 6.763 6.739 6.723 6.710
100-06+ 6.747 6.786 6.777 6.760 6.735 6.718 6.705
100-07 6.744 6.784 6.775 6.757 6.731 6.714 6.701
100-07+ 6.740 6.781 6.772 6.754 6.727 6.710 6.696
First Payment 4.981 9.147 7.314 5.731 4.397 3.731 3.397
Average Life 5.549 10.219 8.601 6.508 4.849 4.155 3.730
Last Payment 6.314 11.397 9.814 7.814 5.397 4.564 4.147
Mod.Dur. @ 100-00 4.483 7.152 6.317 5.099 4.006 3.510 3.194
</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: $30,490,000.00 DATED DATE: 12/01/97
COUPON: 7.095% ucfc7df FIRST PAYMENT: 01/15/98
FACTOR: 1.0000000000 TOTAL CLASSES: 8
ORIGINAL BALANCE: $30,490,000.00 BOND A6 BE-YIELD TABLE YIELD TABLE DATE: 12/22/97
</TABLE>
<TABLE>
<CAPTION>
PREPAYMENT SPEED
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 7.197 7.198 7.198 7.197 7.196 7.196 7.195
99-24+ 7.195 7.196 7.196 7.195 7.194 7.193 7.192
99-25 7.192 7.194 7.194 7.193 7.191 7.190 7.188
99-25+ 7.190 7.192 7.192 7.191 7.189 7.187 7.185
99-26 7.188 7.191 7.190 7.189 7.186 7.184 7.182
99-26+ 7.185 7.189 7.188 7.187 7.184 7.181 7.178
99-27 7.183 7.187 7.186 7.185 7.181 7.178 7.175
99-27+ 7.181 7.185 7.184 7.182 7.178 7.175 7.172
99-28 7.178 7.184 7.182 7.180 7.176 7.172 7.168
99-28+ 7.176 7.182 7.180 7.178 7.173 7.169 7.165
99-29 7.174 7.180 7.179 7.176 7.171 7.166 7.162
99-29+ 7.171 7.178 7.177 7.174 7.168 7.163 7.158
99-30 7.169 7.177 7.175 7.172 7.166 7.160 7.155
99-30+ 7.167 7.175 7.173 7.170 7.163 7.157 7.152
99-31 7.164 7.173 7.171 7.168 7.161 7.154 7.148
99-31+ 7.162 7.171 7.169 7.166 7.158 7.151 7.145
100-00 7.160 7.170 7.167 7.164 7.155 7.148 7.142
100-00+ 7.158 7.168 7.165 7.162 7.153 7.145 7.138
100-01 7.155 7.166 7.163 7.159 7.150 7.142 7.135
100-01+ 7.153 7.164 7.162 7.157 7.148 7.139 7.132
100-02 7.151 7.163 7.160 7.155 7.145 7.136 7.128
100-02+ 7.148 7.161 7.158 7.153 7.143 7.133 7.125
100-03 7.146 7.159 7.156 7.151 7.140 7.130 7.122
100-03+ 7.144 7.157 7.154 7.149 7.137 7.127 7.118
100-04 7.141 7.155 7.152 7.147 7.135 7.124 7.115
100-04+ 7.139 7.154 7.150 7.145 7.132 7.122 7.112
100-05 7.137 7.152 7.148 7.143 7.130 7.119 7.109
100-05+ 7.135 7.150 7.146 7.141 7.127 7.116 7.105
100-06 7.132 7.148 7.145 7.138 7.125 7.113 7.102
100-06+ 7.130 7.147 7.143 7.136 7.122 7.110 7.099
100-07 7.128 7.145 7.141 7.134 7.120 7.107 7.095
100-07+ 7.125 7.143 7.139 7.132 7.117 7.104 7.092
First Payment 6.314 11.397 9.814 7.814 5.397 4.564 4.147
Average Life 9.900 15.057 13.330 11.345 8.591 7.077 6.103
Last Payment 29.647 29.647 29.647 29.647 29.647 29.647 29.647
Mod.Dur. @ 100-00 6.750 8.847 8.234 7.428 6.081 5.246 4.676
</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: 12/01/97
COUPON: 6.680% ucfc7df FIRST PAYMENT: 01/15/98
FACTOR: 1.0000000000 TOTAL CLASSES: 8
ORIGINAL BALANCE: $30,000,000.00 BOND A7 BE-YIELD TABLE YIELD TABLE DATE: 12/22/97
</TABLE>
<TABLE>
<CAPTION>
PREPAYMENT SPEED
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 6.772 6.772 6.772 6.772 6.772 6.772 6.771
99-24+ 6.768 6.769 6.769 6.769 6.768 6.768 6.768
99-25 6.765 6.766 6.766 6.766 6.765 6.765 6.765
99-25+ 6.762 6.763 6.763 6.762 6.762 6.762 6.761
99-26 6.759 6.760 6.760 6.759 6.759 6.758 6.758
99-26+ 6.756 6.757 6.757 6.756 6.755 6.755 6.755
99-27 6.753 6.755 6.754 6.753 6.752 6.752 6.751
99-27+ 6.750 6.752 6.751 6.750 6.749 6.748 6.748
99-28 6.746 6.749 6.748 6.747 6.746 6.745 6.745
99-28+ 6.743 6.746 6.745 6.744 6.743 6.742 6.741
99-29 6.740 6.743 6.742 6.741 6.739 6.738 6.738
99-29+ 6.737 6.740 6.739 6.738 6.736 6.735 6.734
99-30 6.734 6.737 6.736 6.735 6.733 6.732 6.731
99-30+ 6.731 6.735 6.733 6.732 6.730 6.728 6.728
99-31 6.727 6.732 6.730 6.729 6.726 6.725 6.724
99-31+ 6.724 6.729 6.727 6.726 6.723 6.722 6.721
100-00 6.721 6.726 6.724 6.722 6.720 6.719 6.718
100-00+ 6.718 6.723 6.721 6.719 6.717 6.715 6.714
100-01 6.715 6.720 6.718 6.716 6.714 6.712 6.711
100-01+ 6.712 6.717 6.716 6.713 6.710 6.709 6.708
100-02 6.709 6.715 6.713 6.710 6.707 6.705 6.704
100-02+ 6.705 6.712 6.710 6.707 6.704 6.702 6.701
100-03 6.702 6.709 6.707 6.704 6.701 6.699 6.698
100-03+ 6.699 6.706 6.704 6.701 6.697 6.695 6.694
100-04 6.696 6.703 6.701 6.698 6.694 6.692 6.691
100-04+ 6.693 6.700 6.698 6.695 6.691 6.689 6.687
100-05 6.690 6.697 6.695 6.692 6.688 6.686 6.684
100-05+ 6.687 6.695 6.692 6.689 6.685 6.682 6.681
100-06 6.683 6.692 6.689 6.686 6.681 6.679 6.677
100-06+ 6.680 6.689 6.686 6.683 6.678 6.676 6.674
100-07 6.677 6.686 6.683 6.680 6.675 6.672 6.671
100-07+ 6.674 6.683 6.680 6.676 6.672 6.669 6.667
First Payment 3.064 3.064 3.064 3.064 3.064 3.064 3.064
Average Life 6.329 7.171 6.868 6.537 6.155 5.965 5.847
Last Payment 24.647 28.897 28.147 26.314 22.897 20.981 19.897
Mod.Dur. @ 100-00 4.941 5.442 5.266 5.068 4.832 4.711 4.633
</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: 12/01/97
COUPON: 5.000% ucfc7df FIRST PAYMENT: 01/15/98
FACTOR: 1.0000000000 TOTAL CLASSES: 8
ORIGINAL BALANCE: $30,000,000.00 BOND IO BE-YIELD TABLE YIELD TABLE DATE: 12/22/97
</TABLE>
<TABLE>
<CAPTION>
PREPAYMENT SPEED
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>
11.71807 15.762 15.762 15.762 15.762 15.762 15.762 15.762
11.81807 15.129 15.129 15.129 15.129 15.129 15.129 15.129
11.91807 14.505 14.505 14.505 14.505 14.505 14.505 14.505
12.01807 13.889 13.889 13.889 13.889 13.889 13.889 13.889
12.11807 13.283 13.283 13.283 13.283 13.283 13.283 13.283
12.21807 12.684 12.684 12.684 12.684 12.684 12.684 12.684
12.31807 12.094 12.094 12.094 12.094 12.094 12.094 12.094
12.41807 11.511 11.511 11.511 11.511 11.511 11.511 11.511
12.51807 10.937 10.937 10.937 10.937 10.937 10.937 10.937
12.61807 10.370 10.370 10.370 10.370 10.370 10.370 10.370
12.71807 9.810 9.810 9.810 9.810 9.810 9.810 9.810
12.81807 9.258 9.258 9.258 9.258 9.258 9.258 9.258
12.91807 8.713 8.713 8.713 8.713 8.713 8.713 8.713
13.01807 8.175 8.175 8.175 8.175 8.175 8.175 8.175
13.11807 7.643 7.643 7.643 7.643 7.643 7.643 7.643
13.21807 7.118 7.118 7.118 7.118 7.118 7.118 7.118
13.31807 6.600 6.600 6.600 6.600 6.600 6.600 6.600
13.41807 6.088 6.088 6.088 6.088 6.088 6.088 6.088
13.51807 5.582 5.582 5.582 5.582 5.582 5.582 5.582
13.61807 5.083 5.083 5.083 5.083 5.083 5.083 5.083
13.71807 4.589 4.589 4.589 4.589 4.589 4.589 4.589
13.81807 4.102 4.102 4.102 4.102 4.102 4.102 4.102
13.91807 3.620 3.620 3.620 3.620 3.620 3.620 3.620
14.01807 3.143 3.143 3.143 3.143 3.143 3.143 3.143
14.11807 2.672 2.672 2.672 2.672 2.672 2.672 2.672
14.21807 2.207 2.207 2.207 2.207 2.207 2.207 2.207
14.31807 1.747 1.747 1.747 1.747 1.747 1.747 1.747
14.41807 1.292 1.292 1.292 1.292 1.292 1.292 1.292
14.51807 0.842 0.842 0.842 0.842 0.842 0.842 0.842
14.61807 0.397 0.397 0.397 0.397 0.397 0.397 0.397
First Payment 2.981 2.981 2.981 2.981 2.981 2.981 2.981
Average Life 2.981 2.981 2.981 2.981 2.981 2.981 2.981
Last Payment 2.981 2.981 2.981 2.981 2.981 2.981 2.981
Mod.Dur. @13.31807 1.427 1.427 1.427 1.427 1.427 1.427 1.427
</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>
Neither the Issuer of the Certificates nor any of its affiliates make any
representation as to the accuracy or completeness of the information herein. The
information herein is preliminary, and will be superseded by the applicable
prospectus supplement and by any other information subsequently filed with the
Securities and Exchange Commission. The information addresses only certain
aspects of the applicable security's characteristics and thus does not provide a
complete assessment. As such, the information may not reflect the impact of all
structural characteristics of the security. The assumptions underlying the
information, including structure and collateral, may be modified from time to
time to reflect changed circumstances. The attached term sheet is not intended
to be a prospectus and any investment decision with respect to the Certificates
should be made by you based solely upon all of the information contained in the
final prospectus. Under no circumstances shall the information presented
constitute an offer to sell or the solicitation of an offer to buy nor shall
there be any sale of the securities in any jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or qualification
under the securities laws of such jurisdiction. The securities may not be sold
nor may an offer to buy be accepted prior to the delivery of a final prospectus
relating to the securities. All information described herein is preliminary,
limited in nature and subject to completion or amendment. No representation is
made that the above referenced securities will actually perform as described in
any scenario presented. The Depositors have not prepared, reviewed or
participated in the preparation hereof, are not responsible for the accuracy
hereof and have not authorized the dissemination hereof. A final prospectus and
prospectus supplement may be obtained by contacting the Salomon Smith Barney
Syndicate Desk at (212) 783-3727.
Also, on each subsequent page of the comp materials, the following text appears
as a footer:
This page must be accompanied by the disclaimer on the cover page of these
materials. If you did not receive such a disclaimer please contact your Salomon
Smith Barney Advisor immediately.
<PAGE>
PRELIMINARY
BACKGROUND INFORMATION
UCFC OWNER TRUST
Series 1997-DA1
Series 1997-DA2
(adjustable-rate collateral only)
----------------------------------------------------------------------
Series 1997-DA1
$[350,000,000] Class A FLOATING-RATE NOTES
(non-SMMEA-eligible)
---------------------------------------------------
Series 1997-DA2
$[200,000,000] Class A FLOATING-RATE NOTES
(non-SMMEA-eligible)
---------------------------------------------------
The information included herein is provided solely by Prudential Securities
Incorporated ("PSI") as underwriter for the UCFC Owner Trust, Series 1997-DA1
and Series 1997-DA2 transactions, and not by or as agent for UCFC Acceptance
Corp. 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 Owner Trust, Series 1997-DA1 and Series 1997-DA2
<TABLE>
<CAPTION>
UCFC OWNER TRUST, SERIES 1997-DA1 PRICING INFORMATION
--------------------------------------------------------
(LOAN GROUP ONE ADJUSTABLE-RATE COLLATERAL ONLY)
SERIES 1997-DA1
------------------------------------------
<S> <C>
Description: Class A Notes
Collateral: Loan Group One
Approximate
Face Amount: $[350,000,000]
Note Rate: The least of:
1) 1M LIBOR + TBD bps
2) Loan Group One Cap (described below)
After the Series 1997-DA1 Clean-up Call, the least of:
1) 1M LIBOR + 2 x TBD bps
2) Loan Group One Cap
Price: Par
Yield: Variable
Spread: TBD
Index: 1 Month LIBOR
Disc. Margin TBD
Avg. Life to Call: [3.015] yrs
Avg. Life to Maturity: [3.275] yrs
Exp. 1st Prin Payment: 01/15/98
Exp. Mat to Call: [11/15/04]
Exp. Mat: [12/15/27]
Expected Rating: AAA/Aaa/AAA
Pricing Speed: All "3/27" loans (including the
prefunded "3/27" loans) will use a pricing
prepayment assumption of [15]% CPR for the
first [30] months and [35]% CPR thereafter.
All other loans will use a pricing
prepayment assumption of [28]% CPR.
Pricing Date: TBD
Investor Settle Date: [12/22/97]
Payment Delay: 0 days
Cut-off Date: 12/01/97
Stated Maturity [12/15/27]
Dated Date: [12/19/97]
Interest Payment: actual/360
Payment Terms: Monthly
1st Interest Payment Date: 01/15/98
Principal Paydown: All Loan Group One principal is pass through to Class A.
SMMEA Eligibility: non-SMMEA eligible
</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 Owner Trust, Series 1997-DA1 and Series 1997-DA2
<TABLE>
<CAPTION>
UCFC OWNER TRUST, SERIES 1997-DA1 PRICING INFORMATION (Continued)
-----------------------------------------------------------------
(LOAN GROUP ONE ADJUSTABLE-RATE COLLATERAL ONLY)
<S> <C>
Series 1997-DA1
Pre-Funding Account: On the closing date, approximately $[78,000,000] will be deposited in a pre-funding
account for the purchase of additional adjustable-rate mortgage loans. From the closing
date until [March] 15, 1998, the Trust intends to purchase mortgage loans up to the
entire Loan Group One pre-funding amount. Any funds remaining in the Loan Group One
pre-funding account after this period will be distributed to investors in the Class A
Notes as a prepayment on [March] 15, 1998. The additional mortgage loans will be subject
to certain aggregate group characteristics that will be more fully described in the
Prospectus Supplement.
Series 1997-DA1
Optional Cleanup Call: The Servicer will have the right to purchase all of the remaining Home Equity Loans in
Loan Group One on any Remittance Date when the aggregate Loan Balance of the Home Equity
Loans in Loan Group One has declined to 10% or less of an amount equal to the aggregate
balance of the Home Equity Loans in Loan Group One as of the Cut-Off Date (including the
Subsequent Loans).
Loan Group One Cap: Loan Group One Adjusted Net Coupon:
Net Coupon - fees [14.6] bps - surety carveout ([50] bps)*
The Loan Group One Cap on each Disbribution Date will be the lesser of:
(i) Weighted Average Gross Life Cap: 16.362 %
Less Surety carvout: 0.500 % *
Less Servicing Fee: 0.500 %
Less other fees: 0.146 %
--------
15.216 %
(ii) Wtd. Avg Adjusted Net Coupon on Loan Group One for such
Distribution Date.
* Carveout not applicable for the first [12] bond payments.
Basis Risk Shortfall Amt: If, on any Disbribution Date, the Note Rate for the Class A Notes is based upon
the Loan Group One Cap, the excess of (i) the amount of interest the Class A Notes
would be entitled to receive on such Disbribution Date at the then-applicable Class A
LIBOR Rate over (ii) the amount of interest such Class will receive on such Disbribution
Date at the Loan Group One Cap, together with the unpaid protion of any such excess from
prior Disbribution Dates (and interest accrued thereon at the then-applicable class A LIBOR
Rate) is referred to as the Basis Risk Shortfall Amount. Any Basis Risk Shortfall Amount
will be carried forward to the next Distribution Date until paid from 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
One. The Basis Risk Shortfall Amount will not be insured by the MBIA guarantee.
</TABLE>
Monthly Series 1997-DA1 Cap Summary (calculated on 30/360 basis):
GROUP ONE
DATE CAP SUMMARY
- ------------------
01/98 9.219 06/00 9.744
02/98 9.221 07/00 9.823
03/98 9.225 08/00 9.952
04/98 9.228 09/00 9.954
05/98 9.255 10/00 9.958
06/98 9.278 11/00 9.961
07/98 9.314 12/00 9.993
08/98 9.409 01/01 10.069
09/98 9.437 02/01 10.200
10/98 9.439 03/01 10.227
11/98 9.464 04/01 10.230
12/98 9.485 05/01 10.232
01/99 9.018 06/01 10.234
02/99 9.069 07/01 10.236
03/99 9.076 08/01 10.238
04/99 9.078 09/01 10.240
05/99 9.080 10/01 10.242
06/99 9.084 11/01 10.245
07/99 9.089 12/01 10.247
08/99 9.105 01/02 10.249
09/99 9.107 02/02 10.251
10/99 9.108 03/02 10.253
11/99 9.192 04/02 10.255
12/99 9.314 05/02 10.258
01/00 9.430 06/02 10.260
02/00 9.621 07/02 10.262
03/00 9.618 08/02 10.264
04/00 9.616 09/02 10.266
05/00 9.669 10/02 10.268
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 Owner Trust, Series 1997-DA1 and Series 1997-DA2
<TABLE>
<CAPTION>
UCFC OWNER TRUST, SERIES 1997-DA2 PRICING INFORMATION
--------------------------------------------------------
(LOAN GROUP TWO ADJUSTABLE-RATE COLLATERAL ONLY)
<S> <C>
SERIES 1997-DA2
------------------------------------------
Description: Class A Notes
Collateral: Loan Group Two
Approximate
Face Amount: $[200,000,000]
Note Rate: The least of:
1) 1M LIBOR + TBD bps
2) Loan Group Two Cap (described below)
After the Series 1997-DA2 Clean-up Call, the least of:
1) 1M LIBOR + 2 x TBD bps
2) Loan Group Two Cap
Price: Par
Yield: Variable
Spread: TBD
Index: 1 Month LIBOR
Disc. Margin TBD
Avg. Life to Call: [2.938] yrs
Avg. Life to Maturity: [3.205] yrs
Exp. 1st Prin Payment: 01/15/98
Exp. Mat to Call: [11/15/04]
Exp. Mat: [12/15/27]
Expected Rating: AAA/Aaa/AAA
Pricing Speed: All "3/27" loans (including the
prefunded "3/27" loans) will use a pricing
prepayment assumption of [15]% CPR for the
first [30] months and [35]% CPR thereafter.
All other loans will use a pricing
prepayment assumption of [28]% CPR.
Pricing Date: TBD
Investor Settle Date: [12/22/97]
Payment Delay: 0 days
Cut-off Date: 12/01/97
Stated Maturity [12/15/27]
Dated Date: [12/19/97]
Interest Payment: actual/360
Payment Terms: Monthly
1st Interest Payment Date: 01/15/98
Principal Paydown: All Loan Group Two principal is pass through to Class A.
SMMEA Eligibility: non-SMMEA eligible
</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 Owner Trust, Series 1997-DA1 and Series 1997-DA2
<TABLE>
<CAPTION>
UCFC OWNER TRUST, SERIES 1997-DA2 PRICING INFORMATION (Continued)
-----------------------------------------------------------------
(LOAN GROUP TWO ADJUSTABLE-RATE COLLATERAL ONLY)
<S> <C>
Series 1997-DA2
Pre-Funding Account: On the closing date, approximately $[50,000,000] will be deposited in a pre-funding account
for the purchase of additional adjustable-rate mortgage loans. From the closing date until
[March] 15, 1998, the Trust intends to purchase mortgage loans up to the entire Loan Group
Two pre-funding amount. Any funds remaining in the Loan Group Two pre-funding account after
this period will be distributed to investors in the Class A Notes as a prepayment on [March]
15, 1998. The additional mortgage loans will be subject to certain aggregate group
characteristics that will be more fully described in the Prospectus Supplement.
Series 1997-DA2
Optional Cleanup Call: The Servicer will have the right to purchase all of the remaining Home Equity Loans in Loan
Group Two on any Remittance Date when the aggregate Loan Balance of the Home Equity Loans in
Loan Group Two has declined to 10% or less of an amount equal to the aggregate balance of the
Home Equity Loans in Loan Group Two as of the Cut-Off Date (including the Subsequent Loans).
Loan Group Two Cap: Loan Group Two Adjusted Net Coupon:
Net Coupon - fees [14.6] bps - surety carveout ([50] bps)*
The Loan Group One Cap on each Disbribution Date will be the lesser of:
(i) Weighted Average Gross Life Cap: 16.230 %
Less Surety carvout: 0.500 % *
Less Servicing Fee: 0.500 %
Less other fees: 0.146 %
--------
15.084 %
(ii) Wtd. Avg Adjusted Net Coupon on Loan Group Two for such
Distribution Date.
* Carveout not applicable for the first [12] bond payments.
Basis Risk Shortfall Amt: If, on any Disbribution Date, the Note Rate for the Class A Notes is based upon
the Loan Group Two Cap, the excess of (i) the amount of interest the Class A Notes
would be entitled to receive on such Disbribution Date at the then-applicable Class A
LIBOR Rate over (ii) the amount of interest such Class will receive on such Disbribution
Date at the Loan Group Two Cap, together with the unpaid protion of any such excess from
prior Disbribution Dates (and interest accrued thereon at the then-applicable class A LIBOR
Rate) is referred to as the Basis Risk Shortfall Amount. Any Basis Risk Shortfall Amount
will be carried forward to the next Distribution Date until paid from 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.
</TABLE>
Monthly Series 1997-DA2 Cap Summary (calculated on 30/360 basis):
GROUP TWO
DATE CAP SUMMARY
===================
01/98 9.160 04/00 9.735
02/98 9.161 05/00 9.732
03/98 9.163 06/00 9.836
04/98 9.165 07/00 9.912
05/98 9.167 08/00 9.977
06/98 9.283 09/00 9.978
07/98 9.391 10/00 9.981
08/98 9.495 11/00 9.984
09/98 9.609 12/00 10.007
10/98 9.609 01/01 10.072
11/98 9.609 02/01 10.135
12/98 9.720 03/01 10.190
01/99 9.267 04/01 10.192
02/99 9.293 05/01 10.194
03/99 9.358 06/01 10.196
04/99 9.357 07/01 10.198
05/99 9.356 08/01 10.200
06/99 9.360 09/01 10.202
07/99 9.358 10/01 10.204
08/99 9.357 11/01 10.207
09/99 9.356 12/01 10.209
10/99 9.354 01/02 10.211
11/99 9.353 02/02 10.213
12/99 9.524 03/02 10.215
01/00 9.643 04/02 10.217
02/00 9.742 05/02 10.219
03/00 9.739 06/02 10.221
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 Owner Trust, Series 1997-DA1 and Series 1997-DA2
<TABLE>
<CAPTION>
SUMMARY OF TERMS
--------------------------
<S> <C>
Bond Issuers: UCFC Owner Trust Series 1997-DA1 (Class A Notes)
UCFC Owner Trust Series 1997-DA2 (Class A Notes)
Lead Manager: Prudential Securities Incorporated
Co-Managers: Morgan Stanley Dean Witter
J.P. Morgan & Co.
Transferor: 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.
Indenture Trustee: Bankers Trust Company of California, N.A.
Securities Offered: 100% MBIA-guaranteed, asset-backed notes.
Offering: Public shelf offering -- a prospectus and prospectus supplement
will be distributed after pricing.
Pricing Date: TBD
Investor
Settlement Date: December 22, 1997
Form of Notes: Book-Entry form, same-day funds through DTC, Euroclear and CEDEL
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 January 1998. The payment delay will be zero days.
Interest Accrual
Period: The initial interest accrual period will be from December 19th until January 14th. In future
periods, interest will accrue on the Notes at the applicable Pass-Through Rate from the
preceeding Distribution Date to and including the day prior to the current Distribution Date.
Bond 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.
Bond Insurance
Policy: The Bond Insurance Policy will provide 100% coverage of timely interest and
ultimate principal payments due on the Notes.
Credit Enhancement: For both Series, a combination of:
(i) the use of Net Excess Cashflow;
(ii) a reserve account (which may be funded by a
Letter of Credit) that is cross-collateralized
with the UCFC Loan Trust 1997-D transaction; and
(iii) A Bond 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 Notes may be purchased by employee benefit plans that are subject to ERISA.
Taxation: No election will be made to treat the Trust Estates as REMICs for federal income tax
purposes. For federal income tax purposes, the Notes will be treated as debt obligations
of the Issuer.
Legal Investment: None of the Notes will be SMMEA-eligible.
Ratings: "AAA" by S&P, "Aaa" by Moody's, and "AAA" by Fitch.
</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: $350,000,000.00 DATED DATE: 12/19/97
FIRST PAYMENT: 01/15/98
FACTOR: 1.0000000000 TOTAL CLASSES: 6
ORIGINAL BALANCE: $350,000,000.00 Series 1997-DA1 DISCOUNT MARGIN ACT/360 TABLE YIELD TABLE DATE: 12/22/97
</TABLE>
<TABLE>
<CAPTION>
ASSUMED CONSTANT LIBOR-1M 5.9922
********* TO CALL ***********
PRICING SPEED
100PPC/ 50PPC/ 75PPC/ 125PPC/ 150PPC/ 175PPC/ 200PPC/
<S> <C> <C> <C> <C> <C> <C> <C>
99-24 31.397 27.556 29.463 33.362 35.402 37.428 39.612
99-24+ 30.808 27.207 28.995 32.650 34.562 36.461 38.508
99-25 30.220 26.859 28.527 31.938 33.722 35.494 37.405
99-25+ 29.631 26.511 28.060 31.226 32.883 34.528 36.302
99-26 29.042 26.163 27.593 30.515 32.044 33.562 35.199
99-26+ 28.454 25.815 27.125 29.803 31.205 32.596 34.096
99-27 27.866 25.468 26.658 29.092 30.366 31.630 32.994
99-27+ 27.278 25.120 26.191 28.381 29.527 30.665 31.891
99-28 26.690 24.772 25.724 27.670 28.689 29.700 30.790
99-28+ 26.102 24.425 25.258 26.960 27.850 28.735 29.688
99-29 25.515 24.078 24.791 26.249 27.012 27.770 28.587
99-29+ 24.927 23.730 24.324 25.539 26.175 26.805 27.486
99-30 24.340 23.383 23.858 24.829 25.337 25.841 26.385
99-30+ 23.753 23.036 23.392 24.119 24.500 24.877 25.285
99-31 23.166 22.689 22.926 23.409 23.662 23.914 24.184
99-31+ 22.579 22.342 22.460 22.700 22.825 22.950 23.085
100-00 21.992 21.995 21.994 21.990 21.989 21.987 21.985
100-00+ 21.405 21.649 21.528 21.281 21.152 21.024 20.886
100-01 20.819 21.302 21.062 20.572 20.316 20.061 19.787
100-01+ 20.233 20.955 20.597 19.863 19.479 19.099 18.688
100-02 19.647 20.609 20.131 19.154 18.644 18.136 17.589
100-02+ 19.061 20.262 19.666 18.446 17.808 17.174 16.491
100-03 18.475 19.916 19.201 17.738 16.972 16.212 15.393
100-03+ 17.889 19.570 18.736 17.029 16.137 15.251 14.296
100-04 17.303 19.224 18.271 16.321 15.302 14.290 13.198
100-04+ 16.718 18.878 17.806 15.614 14.467 13.329 12.101
100-05 16.133 18.532 17.341 14.906 13.632 12.368 11.004
100-05+ 15.548 18.186 16.876 14.198 12.798 11.407 9.908
100-06 14.963 17.840 16.412 13.491 11.963 10.447 8.812
100-06+ 14.378 17.495 15.947 12.784 11.129 9.487 7.716
100-07 13.793 17.149 15.483 12.077 10.296 8.527 6.620
100-07+ 13.209 16.804 15.019 11.370 9.462 7.567 5.525
First Payment 0.064 0.064 0.064 0.064 0.064 0.064 0.064
Average Life 3.015 5.737 3.958 2.431 2.025 1.738 1.509
Last Payment 6.897 13.564 9.231 5.481 4.481 3.897 3.397
Mod.Dur. @ 100-00 2.556 4.324 3.219 2.115 1.793 1.557 1.365
</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: $200,000,000.00 DATED DATE: 12/19/97
FIRST PAYMENT: 01/15/98
FACTOR: 1.0000000000 TOTAL CLASSES: 6
ORIGINAL BALANCE: $200,000,000.00 Series 1997-DA2 DISCOUNT MARGIN ACT/360 TABLE YIELD TABLE DATE: 12/22/97
</TABLE>
<TABLE>
<CAPTION>
ASSUMED CONSTANT LIBOR-1M 5.9922
********* TO CALL ***********
PRICING SPEED
100PPC/ 50PPC/ 75PPC/ 125PPC/ 150PPC/ 175PPC/ 200PPC/
<S> <C> <C> <C> <C> <C> <C> <C>
99-24 30.634 26.600 28.588 32.775 34.956 37.320 39.796
99-24+ 30.030 26.249 28.113 32.037 34.081 36.297 38.618
99-25 29.427 25.898 27.637 31.299 33.207 35.274 37.440
99-25+ 28.823 25.547 27.162 30.562 32.333 34.252 36.263
99-26 28.220 25.197 26.687 29.824 31.459 33.230 35.086
99-26+ 27.617 24.846 26.212 29.087 30.585 32.208 33.909
99-27 27.014 24.495 25.737 28.350 29.711 31.187 32.732
99-27+ 26.411 24.145 25.262 27.613 28.838 30.166 31.556
99-28 25.808 23.795 24.787 26.877 27.965 29.145 30.380
99-28+ 25.206 23.444 24.312 26.140 27.092 28.124 29.205
99-29 24.603 23.094 23.838 25.404 26.219 27.103 28.029
99-29+ 24.001 22.744 23.364 24.668 25.347 26.083 26.854
99-30 23.399 22.394 22.889 23.932 24.475 25.063 25.680
99-30+ 22.797 22.044 22.415 23.196 23.603 24.044 24.505
99-31 22.195 21.695 21.941 22.460 22.731 23.024 23.331
99-31+ 21.593 21.345 21.467 21.725 21.859 22.005 22.157
100-00 20.992 20.995 20.994 20.990 20.988 20.986 20.984
100-00+ 20.390 20.646 20.520 20.255 20.117 19.967 19.811
100-01 19.789 20.296 20.046 19.520 19.246 18.949 18.638
100-01+ 19.188 19.947 19.573 18.786 18.375 17.931 17.465
100-02 18.587 19.598 19.100 18.051 17.505 16.913 16.293
100-02+ 17.987 19.249 18.627 17.317 16.635 15.895 15.121
100-03 17.386 18.900 18.154 16.583 15.765 14.878 13.950
100-03+ 16.786 18.551 17.681 15.849 14.895 13.861 12.778
100-04 16.185 18.202 17.208 15.115 14.025 12.844 11.607
100-04+ 15.585 17.853 16.735 14.382 13.156 11.828 10.436
100-05 14.985 17.504 16.263 13.649 12.287 10.811 9.266
100-05+ 14.385 17.156 15.790 12.915 11.418 9.795 8.096
100-06 13.786 16.807 15.318 12.183 10.549 8.779 6.926
100-06+ 13.186 16.459 14.846 11.450 9.681 7.764 5.756
100-07 12.587 16.111 14.374 10.717 8.813 6.749 4.587
100-07+ 11.988 15.762 13.902 9.985 7.945 5.734 3.418
First Payment 0.064 0.064 0.064 0.064 0.064 0.064 0.064
Average Life 2.938 5.700 3.892 2.341 1.941 1.637 1.408
Last Payment 6.897 13.647 9.231 5.397 4.481 3.731 3.231
Mod.Dur. @ 100-00 2.494 4.290 3.166 2.041 1.722 1.472 1.279
</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 Owner Trust Series 1997-DA1 (Preliminary Pool)
- Cut Off Date of Tape is 12/1/97
- ARM Loan Group One
- $221,992,486.78
- --------------------------------------------------------------------------------
Number of Mortgage Loans: 2,511
Aggregate Unpaid Principal Balance: $221,992,486.78
Aggregate Original Principal Balance: $222,177,212.88
- --------------------------------------------------------------------------------
Weighted Average Coupon (Gross): 9.890%
Gross Coupon Range: 6.500% - 12.650%
Weighted Average Margin (Gross): 5.536%
Gross Margin Range: 3.750% - 8.875%
Weighted Average Life Cap (Gross): 16.362%
Gross Life Cap Range: 13.000% - 19.650%
Weighted Average Life Floor (Gross): 8.896%
Gross Life Floor Range: 3.750% - 12.875%
- --------------------------------------------------------------------------------
<TABLE>
<S> <C>
Average Unpaid Principal Balance: $88,408.00
Average Original Principal Balance: $88,481.57
Maximum Unpaid Principal Balance: $751,639.74
Minimum Unpaid Principal Balance: $8,800.00
Maximum Original Principal Balance: $752,000.00
Minimum Original Principal Balance: $8,800.00
Weighted Avg. Stated Rem. Term (PTD to Mat Date): 347.990
Stated Rem Term Range: 60.000 - 360.000
Weighted Avg. Amortized Rem. Term: 347.742
Amortized Rem Term Range: 60.000 - 360.087
Weighted Average Age (First Pay thru Paid Thru): 0.896
Age Range: 0.000 - 147.000
Weighted Average Original Term: 348.886
Original Term Range: 60.000 - 360.000
Weighted Average Combined LTV: 79.024
Combined LTV Range: 12.100% - 99.800%
Weighted Average Periodic Interest Cap: 1.236%
Periodic Interest Cap Range: 1.000% - 1.500%
Weighted Average Months to Interest Roll: 27.787 * calculated from 12/97 to next rolldate
Months to Interest Roll Range: 1 - 38
Weighted Average Interest Roll Frequency: 6.000
Interest Frequency Range: 6 - 6
- --------------------------------------------------------------------------------
</TABLE>
THIS COLLATERAL TERMSHEET SUPERSEDES ANY PREVIOUS COLLATERAL
TERMSHEETS, AND WILL BE SUPERSEDED BY THE COLLATERAL INFORMATION IN THE
PROSPECTUS SUPPLEMENT.
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE
SUCH A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES
INCORPORATED FINANCIAL ADVISOR IMMEDIATELY.
<PAGE>
<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 10 0.40% 831,565.94 0.37
Alaska 2 0.08% 218,949.61 0.10
Arizona 43 1.71% 4,440,096.24 2.00
Arkansas 32 1.27% 2,246,899.72 1.01
California 179 7.13% 30,129,312.69 13.57
Colorado 63 2.51% 7,323,245.56 3.30
Connecticut 23 0.92% 2,823,512.77 1.27
Delaware 6 0.24% 702,328.86 0.32
Dist of Col 2 0.08% 149,800.00 0.07
Florida 88 3.50% 7,395,269.58 3.33
Georgia 52 2.07% 4,586,822.04 2.07
Hawaii 10 0.40% 1,956,896.57 0.88
Idaho 65 2.59% 6,026,686.52 2.71
Illinois 75 2.99% 6,303,740.93 2.84
Indiana 144 5.73% 8,391,382.48 3.78
Iowa 38 1.51% 2,013,062.82 0.91
Kansas 19 0.76% 1,262,755.47 0.57
Kentucky 64 2.55% 4,935,399.11 2.22
Louisiana 133 5.30% 10,377,845.38 4.67
Maine 36 1.43% 2,553,620.61 1.15
Maryland 20 0.80% 2,864,737.15 1.29
Massachsetts 27 1.08% 3,231,289.96 1.46
Michigan 147 5.85% 9,979,048.79 4.50
Minnesota 28 1.12% 2,378,441.69 1.07
Mississippi 71 2.83% 4,561,757.59 2.05
Missouri 71 2.83% 5,442,488.44 2.45
Montana 14 0.56% 1,763,641.29 0.79
Nebraska 5 0.20% 239,800.00 0.11
Nevada 3 0.12% 508,449.38 0.23
New Hampshire 23 0.92% 2,206,701.63 0.99
New Jersey 34 1.35% 3,164,597.67 1.43
New Mexico 36 1.43% 3,261,338.41 1.47
New York 50 1.99% 5,139,295.67 2.32
North Carolina 126 5.02% 9,307,485.82 4.19
Ohio 180 7.17% 13,349,582.38 6.01
Oklahoma 38 1.51% 2,864,389.85 1.29
Oregon 33 1.31% 2,841,546.83 1.28
Pennsylvania 107 4.26% 6,794,989.43 3.06
Rhode Island 1 0.04% 115,500.00 0.05
South Carolina 27 1.08% 1,993,353.68 0.90
South Dakota 3 0.12% 219,344.22 0.10
Tennessee 79 3.15% 6,497,665.49 2.93
Texas 30 1.19% 3,218,835.29 1.45
Utah 33 1.31% 4,399,521.28 1.98
Vermont 5 0.20% 844,968.74 0.38
Virginia 28 1.12% 2,569,058.27 1.16
Washington 66 2.63% 7,565,051.14 3.41
West Virginia 11 0.44% 755,869.43 0.34
Wisconsin 131 5.22% 9,244,544.36 4.16
- -------------------------------------------------------------------------------------
Total................... 2,511 100.00% 221,992,486.78 100.00%
=====================================================================================
</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>
10.000 less than LTV less than or equal to 15.000 2 0.08 37,800.00 0.02
15.000 less than LTV less than or equal to 20.000 3 0.12 56,592.66 0.03
20.000 less than LTV less than or equal to 25.000 1 0.04 8,800.00 0.00
25.000 less than LTV less than or equal to 30.000 7 0.28 317,077.64 0.14
30.000 less than LTV less than or equal to 35.000 13 0.52 510,260.27 0.23
35.000 less than LTV less than or equal to 40.000 17 0.68 893,128.52 0.40
40.000 less than LTV less than or equal to 45.000 19 0.76 1,060,220.09 0.48
45.000 less than LTV less than or equal to 50.000 37 1.47 2,306,303.95 1.04
50.000 less than LTV less than or equal to 55.000 39 1.55 2,525,495.53 1.14
55.000 less than LTV less than or equal to 60.000 72 2.87 5,639,174.84 2.54
60.000 less than LTV less than or equal to 65.000 107 4.26 9,017,546.19 4.06
65.000 less than LTV less than or equal to 70.000 242 9.64 20,541,921.28 9.25
70.000 less than LTV less than or equal to 75.000 267 10.63 23,019,522.47 10.37
75.000 less than LTV less than or equal to 80.000 556 22.14 60,618,917.36 27.31
80.000 less than LTV less than or equal to 85.000 374 14.89 38,090,234.28 17.16
85.000 less than LTV less than or equal to 90.000 420 16.73 36,287,051.64 16.35
90.000 less than LTV less than or equal to 95.000 201 8.00 13,135,182.53 5.92
95.000 less than LTV less than or equal to 100.000 134 5.34 7,927,257.53 3.57
- -----------------------------------------------------------------------------------------------------------------
Total............................................ 2,511 100.00% 221,992,486.78 100.00%
=================================================================================================================
</TABLE>
<TABLE>
<CAPTION>
GROSS COUPON
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>
6.00% less than Gross Cpn less than or equal to 6.50% 1 0.04 37,953.64 0.02
6.50% less than Gross Cpn less than or equal to 7.00% 2 0.08 344,175.00 0.16
7.00% less than Gross Cpn less than or equal to 7.50% 11 0.44 2,371,626.21 1.07
7.50% less than Gross Cpn less than or equal to 8.00% 45 1.79 6,744,296.46 3.04
8.00% less than Gross Cpn less than or equal to 8.50% 89 3.54 12,690,641.95 5.72
8.50% less than Gross Cpn less than or equal to 9.00% 203 8.08 25,854,329.26 11.65
9.00% less than Gross Cpn less than or equal to 9.50% 255 10.16 25,659,082.46 11.56
9.50% less than Gross Cpn less than or equal to 10.00% 440 17.52 43,647,801.67 19.66
10.00% less than Gross Cpn less than or equal to 10.50% 610 24.29 47,098,552.46 21.22
10.50% less than Gross Cpn less than or equal to 11.00% 670 26.68 44,568,354.81 20.08
11.00% less than Gross Cpn less than or equal to 11.50% 124 4.94 8,920,808.01 4.02
11.50% less than Gross Cpn less than or equal to 12.00% 41 1.63 2,815,669.32 1.27
12.00% less than Gross Cpn less than or equal to 12.50% 16 0.64 949,865.24 0.43
12.50% less than Gross Cpn less than or equal to 13.00% 4 0.16 289,330.29 0.13
- ----------------------------------------------------------------------------------------------------------------
Total.................................................. 2,511 100.00 221,992,486.78 100.00
================================================================================================================
</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 or equal to 50,000 701 27.92 25,958,004.18 11.69
50,000 less than Balance less than or equal to 100,000 1164 46.36 82,214,939.55 37.04
100,000 less than Balance less than or equal to 150,000 341 13.58 41,282,746.27 18.60
150,000 less than Balance less than or equal to 200,000 129 5.14 22,456,968.02 10.12
200,000 less than Balance less than or equal to 250,000 83 3.31 18,561,329.98 8.36
250,000 less than Balance less than or equal to 300,000 47 1.87 12,812,719.14 5.77
300,000 less than Balance less than or equal to 350,000 15 0.60 5,035,158.46 2.27
350,000 less than Balance less than or equal to 400,000 12 0.48 4,537,307.88 2.04
400,000 less than Balance less than or equal to 450,000 7 0.28 2,899,180.42 1.31
450,000 less than Balance less than or equal to 500,000 6 0.24 2,904,181.79 1.31
500,000 less than Balance less than or equal to 550,000 5 0.20 2,578,311.35 1.16
750,000 less than Balance less than or equal to 1,000,000 1 0.04 751,639.74 0.34
- -----------------------------------------------------------------------------------------------------------------
Total...................................................... 2511 100.00% 221,992,486.78 100.00%
=================================================================================================================
</TABLE>
<TABLE>
<CAPTION>
LIEN STATUS AND OWNER OCCUPANCY
-------------------------------------------------------------------------------------
Aggregate Percent of
Unpaid Aggregate
Number of Percent of Principal Principal
Loans Loan Count Balance Balance
<S> <C> <C> <C> <C>
Owner Occupied, 1st Mtg 2,384 94.94 213,961,177.17 96.38
Non-Owner Occupied, 1st Mtg 110 4.38 6,169,002.81 2.78
Second Home, 1st Mtg 16 0.64 1,673,612.22 0.75
Multiple Properties, 1st Mtgs 1 0.04 188,694.58 0.09
- -------------------------------------------------------------------------------------
Total.................. 2,511 100.00% 221,992,486.78 100.00%
=====================================================================================
</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 or equal to 6 2,492 99.24 220,841,850.99 99.48
6 less than Age less than or equal to 12 3 0.12 215,997.95 0.10
12 less than Age less than or equal to 18 2 0.08 115,680.81 0.05
18 less than Age less than or equal to 24 2 0.08 81,755.18 0.04
24 less than Age less than or equal to 30 1 0.04 75,997.97 0.03
36 less than Age less than or equal to 42 1 0.04 80,962.34 0.04
48 less than Age less than or equal to 54 1 0.04 48,932.11 0.02
72 less than Age less than or equal to 78 2 0.08 147,899.16 0.07
78 less than Age less than or equal to 84 2 0.08 102,818.30 0.05
90 less than Age less than or equal to 96 1 0.04 90,137.82 0.04
108 less than Age less than or equal to 114 1 0.04 40,194.43 0.02
120 less than Age less than or equal to 126 1 0.04 50,981.71 0.02
132 less than Age less than or equal to 144 1 0.04 43,891.97 0.02
144 less than Age less than or equal to 156 1 0.04 55,386.04 0.02
- ----------------------------------------------------------------------------------------------------------------
Total...................................... 2,511 100.00% 221,992,486.78 100.00%
================================================================================================================
</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>
PROPERTY TYPE
-------------------------------------------------------------------------------------
Aggregate Percent of
Unpaid Aggregate
Number of Percent of Principal Principal
Loans Loan Count Balance Balance
<S> <C> <C> <C> <C>
Deminimus PUD 1 0.04 54,000.00 0.02
Duplex 70 2.79 5,580,798.63 2.51
Triplex 5 0.20 425,900.00 0.19
Fourplex or Quadplex 1 0.04 91,500.00 0.04
Rowhouse 19 0.76 878,590.47 0.40
Modular Housing 3 0.12 167,671.07 0.08
Manuf Hsg Perm/Land 13 0.52 822,892.05 0.37
Semi Detached 2 0.08 187,959.13 0.08
PUD 76 3.03 12,192,659.54 5.49
Townhouses 8 0.32 515,901.34 0.23
Condominiums 67 2.67 6,238,717.40 2.81
Single Family Detached 2,246 89.45 194,835,897.15 87.77
- -------------------------------------------------------------------------------------
Total............... 2,511 100.00% 221,992,486.78 100.00%
=====================================================================================
</TABLE>
<TABLE>
<CAPTION>
REMAINING TERM
------------------------------------------------------------------------------------
Aggregate Percent of
Unpaid Aggregate
Number Percent of Principal Principal
Rem Term of Loan Loan Count Balance Balance
<S> <C> <C> <C> <C>
48 less than Rem Term less than or equal to 60 1 0.04 8,800.00 0.00
168 less than Rem Term less than or equal to 180 161 6.41 8,331,180.26 3.75
204 less than Rem Term less than or equal to 216 1 0.04 55,386.04 0.02
216 less than Rem Term less than or equal to 228 1 0.04 43,891.97 0.02
228 less than Rem Term less than or equal to 240 157 6.25 7,983,936.53 3.60
240 less than Rem Term less than or equal to 252 1 0.04 40,194.43 0.02
264 less than Rem Term less than or equal to 276 1 0.04 90,137.82 0.04
276 less than Rem Term less than or equal to 288 4 0.16 250,717.46 0.11
288 less than Rem Term less than or equal to 300 3 0.12 216,420.79 0.10
300 less than Rem Term less than or equal to 312 1 0.04 48,932.11 0.02
312 less than Rem Term less than or equal to 324 1 0.04 80,962.34 0.04
324 less than Rem Term less than or equal to 336 2 0.08 134,975.51 0.06
336 less than Rem Term less than or equal to 348 4 0.16 270,200.73 0.12
348 less than Rem Term less than or equal to 360 2,173 86.54 204,436,750.79 92.09
- -----------------------------------------------------------------------------------------------------------------
Total........................................... 2,511 100.00% 221,992,486.78 100.00%
=================================================================================================================
</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>
GROSS MARGIN
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Gross Margin Loans Balance Balance
<S> <C> <C> <C> <C>
3.50% less than Margin less than or equal to 3.75% 1 0.04 58,378.72 0.03
3.75% less than Margin less than or equal to 4.00% 81 3.23 6,796,365.00 3.06
4.00% less than Margin less than or equal to 4.25% 4 0.16 262,100.00 0.12
4.25% less than Margin less than or equal to 4.50% 385 15.33 27,962,230.08 12.60
4.50% less than Margin less than or equal to 4.75% 119 4.74 10,974,024.11 4.94
4.75% less than Margin less than or equal to 5.00% 115 4.58 12,323,058.14 5.55
5.00% less than Margin less than or equal to 5.25% 601 23.93 39,873,528.49 17.96
5.25% less than Margin less than or equal to 5.50% 193 7.69 18,712,999.48 8.43
5.50% less than Margin less than or equal to 5.75% 251 10.00 25,757,995.72 11.60
5.75% less than Margin less than or equal to 6.00% 239 9.52 26,190,539.84 11.80
6.00% less than Margin less than or equal to 6.25% 225 8.96 23,897,722.26 10.77
6.25% less than Margin less than or equal to 6.50% 113 4.50 13,230,672.52 5.96
6.50% less than Margin less than or equal to 6.75% 87 3.46 8,155,888.40 3.67
6.75% less than Margin less than or equal to 7.00% 44 1.75 3,942,466.78 1.78
7.00% less than Margin less than or equal to 7.25% 17 0.68 903,310.71 0.41
7.25% less than Margin less than or equal to 7.50% 26 1.04 2,387,167.63 1.08
7.50% less than Margin less than or equal to 7.75% 4 0.16 309,792.89 0.14
7.75% less than Margin less than or equal to 8.00% 5 0.20 191,778.17 0.09
8.75% less than Margin less than or equal to 9.00% 1 0.04 62,467.84 0.03
- -----------------------------------------------------------------------------------------------------------------
Total............................................... 2,511 100.00 221,992,486.78 100.00
=================================================================================================================
</TABLE>
<TABLE>
<CAPTION>
MAXIMUM LIFETIME COUPON RATE (LIFE CAP)
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Gross Mortgage Principal Principal
Life Cap Loans Balance Balance
<S> <C> <C> <C> <C>
12.500 LIFE CAP less than or equal to 13.000 1 0.04 67,945.72 0.03
13.000 LIFE CAP less than or equal to 13.500 1 0.04 37,953.64 0.02
13.500 LIFE CAP less than or equal to 14.000 3 0.12 367,562.73 0.17
14.000 LIFE CAP less than or equal to 14.500 16 0.64 2,843,346.68 1.28
14.500 LIFE CAP less than or equal to 15.000 71 2.83 10,104,799.76 4.55
15.000 LIFE CAP less than or equal to 15.500 152 6.05 19,211,562.79 8.65
15.500 LIFE CAP less than or equal to 16.000 417 16.61 44,733,090.53 20.15
16.000 LIFE CAP less than or equal to 16.500 663 26.40 55,348,262.48 24.93
16.500 LIFE CAP less than or equal to 17.000 789 31.42 60,082,895.45 27.07
17.000 LIFE CAP less than or equal to 17.500 222 8.84 16,856,807.15 7.59
17.500 LIFE CAP less than or equal to 18.000 104 4.14 7,347,732.90 3.31
18.000 LIFE CAP less than or equal to 18.500 38 1.51 2,812,891.40 1.27
18.500 LIFE CAP less than or equal to 19.000 17 0.68 1,207,168.87 0.54
19.000 LIFE CAP less than or equal to 19.500 14 0.56 724,865.24 0.33
19.500 LIFE CAP less than or equal to 20.000 3 0.12 245,601.44 0.11
- -----------------------------------------------------------------------------------------------------------------
Total....................................... 2511 100.00 $221,992,486.78 100.00%
=================================================================================================================
</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>
MINIMUM LIFETIME COUPON RATES (LIFE FLOOR)
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Gross Mortgage Principal Principal
Life Floor Loans Balance Balance
<S> <C> <C> <C> <C>
3.500 Life Floor less than or equal to 4.000 1 0.04 58,378.72 0.03
5.000 Life Floor less than or equal to 5.500 2 0.08 232,500.00 0.10
5.500 Life Floor less than or equal to 6.000 2 0.08 137,645.72 0.06
6.000 Life Floor less than or equal to 6.500 2 0.08 86,711.13 0.04
6.500 Life Floor less than or equal to 7.000 17 0.68 2,131,888.84 0.96
7.000 Life Floor less than or equal to 7.500 73 2.91 8,628,702.54 3.89
7.500 Life Floor less than or equal to 8.000 258 10.27 27,111,418.12 12.21
8.000 Life Floor less than or equal to 8.500 541 21.55 47,847,068.55 21.55
8.500 Life Floor less than or equal to 9.000 767 30.55 62,009,867.25 27.93
9.000 Life Floor less than or equal to 9.500 277 11.03 25,560,108.16 11.51
9.500 Life Floor less than or equal to 10.000 242 9.64 24,146,930.46 10.88
10.000 Life Floor less than or equal to 10.500 159 6.33 12,082,142.36 5.44
10.500 Life Floor less than or equal to 11.000 90 3.58 6,767,619.13 3.05
11.000 Life Floor less than or equal to 11.500 38 1.51 2,650,891.40 1.19
11.500 Life Floor less than or equal to 12.000 24 0.96 1,458,397.72 0.66
12.000 Life Floor less than or equal to 12.500 15 0.60 901,865.24 0.41
12.500 Life Floor less than or equal to 13.000 3 0.12 180,351.44 0.08
- -----------------------------------------------------------------------------------------------------------------
Total........................................ 2511 100.00 $221,992,486.78 100.00%
=================================================================================================================
</TABLE>
<TABLE>
<CAPTION>
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
<S> <C> <C> <C> <C>
01/01/98 2 0.08 $292,167.37 0.13
02/01/98 1 0.04 $136,554.88 0.06
03/01/98 1 0.04 $43,728.85 0.02
04/01/98 28 1.12 $5,250,171.54 2.37
05/01/98 28 1.12 $4,747,192.08 2.14
06/01/98 64 2.55 $8,991,788.40 4.05
07/01/98 45 1.79 $3,588,250.00 1.62
08/01/98 5 0.20 $575,100.00 0.26
07/01/99 1 0.04 $36,721.91 0.02
08/01/99 4 0.16 $421,536.33 0.19
09/01/99 1 0.04 $34,918.86 0.02
10/01/99 240 9.56 $22,079,760.36 9.95
11/01/99 340 13.54 $33,099,155.16 14.91
12/01/99 316 12.58 $32,146,489.44 14.48
01/01/00 9 0.36 $1,001,877.00 0.45
08/01/00 2 0.08 $102,323.40 0.05
09/01/00 1 0.04 $188,694.58 0.09
10/01/00 3 0.12 $248,059.65 0.11
11/01/00 131 5.22 $12,306,064.29 5.54
12/01/00 569 22.66 $43,001,479.76 19.37
01/01/01 694 27.64 $51,333,052.92 23.12
02/01/01 26 1.04 $2,367,400.00 1.07
- --------------------------------------------------------------------------
Total........ 2,511 100.00% $221,992,486.78 100.00%
==========================================================================
</TABLE>
<TABLE>
<CAPTION>
LOAN TYPE
- ----------------------------------------------------------------------------------------------------------------------------------
WA Total
# % Rem Perido Current
Loan Feature Loan Pool WAC Term LTV MARGIN LIFECAP FLOOR Cap Roll Balance
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
ARM 160 10.07 8.926 351.18 78.75 5.73 15.65 8.92 1.36 5.40 $22,354,113.00
ARM 228 911 40.01 9.464 358.95 75.04 6.08 16.46 9.46 1.50 23.12 $88,820,459.06
ARM 312 148 3.48 10.500 179.81 80.55 5.11 16.50 8.49 1.00 36.45 $7,725,465.49
ARM 317 148 3.38 10.599 239.93 80.37 5.04 16.60 8.61 1.00 36.45 $7,508,125.97
ARM 327 1,144 43.06 10.405 359.14 82.56 5.06 16.41 8.43 1.00 35.98 $95,584,323.26
- ----------------------------------------------------------------------------------------------------------------------------------
Total..... 2,511 100.00% 9.890 347.99 79.02 5.54 16.36 8.90 1.24 27.79 $221,992,486.78
==================================================================================================================================
</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 Owner Trust Series 1997-DA2 (Preliminary Pool)
- Cut Off Date of Tape is 12/1/97
- ARM Loan Group Two
- $150,000,538.57
- --------------------------------------------------------------------------------
Number of Mortgage Loans: 1,921
Aggregate Unpaid Principal Balance: $150,000,538.57
Aggregate Original Principal Balance: $150,119,449.47
- --------------------------------------------------------------------------------
Weighted Average Coupon (Gross): 9.806%
Gross Coupon Range: 5.750% - 13.125%
Weighted Average Margin (Gross): 5.473%
Gross Margin Range: 3.500% - 9.000%
Weighted Average Life Cap (Gross): 16.230%
Gross Life Cap Range: 6.125% - 20.125%
Weighted Average Life Floor (Gross): 9.157% *
Gross Life Floor Range: 5.750% - 13.125%
- --------------------------------------------------------------------------------
<TABLE>
<S> <C>
Average Unpaid Principal Balance: $78,084.61
Average Original Principal Balance: $78,146.51
Maximum Unpaid Principal Balance: $214,200.00
Minimum Unpaid Principal Balance: $8,900.00
Maximum Original Principal Balance: $214,200.00
Minimum Original Principal Balance: $8,900.00
Weighted Avg. Stated Rem. Term (PTD to Mat Date): 340.407
Stated Rem Term Range: 59.000 - 360.000
Weighted Avg. Amortized Rem. Term: 340.269
Amortized Rem Term Range: 59.000 - 360.055
Weighted Average Age (First Pay thru Paid Thru): 1.153
Age Range: 0.000 - 112.000
Weighted Average Original Term: 341.560
Original Term Range: 60.000 - 360.000
Weighted Average Combined LTV: 78.880
Combined LTV Range: 7.000% - 99.900%
Weighted Average Periodic Interest Cap: 1.217%
Periodic Interest Cap Range: 1.000% - 2.000%
Weighted Average Months to Interest Roll: 20.891 calculated from 12/97 to next rolldate
Months to Interest Roll Range: 1 - 38
Weighted Average Interest Roll Frequency: 6.000
Interest Frequency Range: 6 - 6
- --------------------------------------------------------------------------------
</TABLE>
THIS COLLATERAL TERMSHEET SUPERSEDES ANY PREVIOUS COLLATERAL
TERMSHEETS, AND WILL BE SUPERSEDED BY THE COLLATERAL INFORMATION IN THE
PROSPECTUS SUPPLEMENT.
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE
SUCH A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES
INCORPORATED FINANCIAL ADVISOR IMMEDIATELY.
<PAGE>
<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 8 0.42% 776,588.62 0.52
Arizona 32 1.67% 2,679,405.63 1.79
Arkansas 26 1.35% 1,576,850.80 1.05
California 104 5.41% 12,397,452.33 8.26
Colorado 54 2.81% 5,835,485.80 3.89
Connecticut 13 0.68% 1,610,854.51 1.07
Delaware 3 0.16% 304,923.66 0.20
Dist of Col 4 0.21% 448,200.00 0.30
Florida 71 3.70% 4,826,171.06 3.22
Georgia 31 1.61% 2,490,914.29 1.66
Hawaii 2 0.10% 280,782.52 0.19
Idaho 49 2.55% 4,164,534.99 2.78
Illinois 68 3.54% 5,063,041.88 3.38
Indiana 103 5.36% 5,894,268.22 3.93
Iowa 22 1.15% 1,431,372.61 0.95
Kansas 21 1.09% 1,349,515.99 0.90
Kentucky 53 2.76% 3,057,810.42 2.04
Louisiana 69 3.59% 5,059,385.93 3.37
Maine 22 1.15% 1,509,426.97 1.01
Maryland 14 0.73% 1,536,168.54 1.02
Massachsetts 37 1.93% 4,038,852.78 2.69
Michigan 118 6.14% 7,505,699.07 5.00
Minnesota 22 1.15% 1,459,789.66 0.97
Mississippi 27 1.41% 1,485,853.20 0.99
Missouri 53 2.76% 3,244,164.05 2.16
Montana 13 0.68% 1,187,837.48 0.79
Nebraska 4 0.21% 134,900.00 0.09
Nevada 5 0.26% 604,614.64 0.40
New Hampshire 25 1.30% 2,204,443.81 1.47
New Jersey 42 2.19% 4,526,616.96 3.02
New Mexico 17 0.88% 1,339,228.37 0.89
New York 92 4.79% 10,267,574.62 6.85
North Carolina 76 3.96% 5,631,341.30 3.75
Ohio 148 7.70% 9,173,531.60 6.12
Oklahoma 35 1.82% 1,913,513.66 1.28
Oregon 30 1.56% 2,974,714.52 1.98
Pennsylvania 69 3.59% 3,904,949.96 2.60
Rhode Island 4 0.21% 312,765.91 0.21
South Carolina 19 0.99% 1,554,866.85 1.04
South Dakota 1 0.05% 92,950.00 0.06
Tennessee 68 3.54% 4,830,824.57 3.22
Texas 28 1.46% 1,772,148.59 1.18
Utah 27 1.41% 2,794,252.19 1.86
Vermont 1 0.05% 85,572.34 0.06
Virginia 16 0.83% 1,280,135.54 0.85
Washington 43 2.24% 4,361,787.96 2.91
West Virginia 12 0.62% 737,254.97 0.49
Wisconsin 120 6.25% 8,287,199.20 5.52
- -------------------------------------------------------------------------------------
Total................... 1,921 100.00% 150,000,538.57 100.00%
=====================================================================================
</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 or equal to 10.000 1 0.05 67,900.00 0.05
15.000 less than LTV less than or equal to 20.000 6 0.31 199,873.22 0.13
20.000 less than LTV less than or equal to 25.000 3 0.16 86,267.01 0.06
25.000 less than LTV less than or equal to 30.000 5 0.26 140,488.71 0.09
30.000 less than LTV less than or equal to 35.000 11 0.57 333,910.53 0.22
35.000 less than LTV less than or equal to 40.000 17 0.88 761,310.35 0.51
40.000 less than LTV less than or equal to 45.000 20 1.04 1,131,316.00 0.75
45.000 less than LTV less than or equal to 50.000 26 1.35 1,235,606.55 0.82
50.000 less than LTV less than or equal to 55.000 39 2.03 2,572,688.91 1.72
55.000 less than LTV less than or equal to 60.000 71 3.70 4,527,418.70 3.02
60.000 less than LTV less than or equal to 65.000 105 5.47 7,175,830.27 4.78
65.000 less than LTV less than or equal to 70.000 168 8.75 12,155,094.01 8.10
70.000 less than LTV less than or equal to 75.000 261 13.59 21,018,023.68 14.01
75.000 less than LTV less than or equal to 80.000 342 17.80 30,677,674.14 20.45
80.000 less than LTV less than or equal to 85.000 267 13.90 23,170,662.12 15.45
85.000 less than LTV less than or equal to 90.000 289 15.04 24,388,273.46 16.26
90.000 less than LTV less than or equal to 95.000 162 8.43 11,740,727.24 7.83
95.000 less than LTV less than or equal to 100.000 128 6.66 8,617,473.67 5.74
- ---------------------------------------------------------------------------------------------------------------
Total............................................. 1,921 100.00% 150,000,538.57 100.00%
===============================================================================================================
</TABLE>
<TABLE>
<CAPTION>
GROSS COUPON
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>
5.50% less than Gross Cpn less than or equal to 6.00% 1 0.05 178,989.29 0.12
6.00% less than Gross Cpn less than or equal to 6.50% 4 0.21 280,379.09 0.19
6.50% less than Gross Cpn less than or equal to 7.00% 6 0.31 660,016.03 0.44
7.00% less than Gross Cpn less than or equal to 7.50% 14 0.73 1,254,397.60 0.84
7.50% less than Gross Cpn less than or equal to 8.00% 57 2.97 5,563,255.35 3.71
8.00% less than Gross Cpn less than or equal to 8.50% 82 4.27 9,150,216.14 6.10
8.50% less than Gross Cpn less than or equal to 9.00% 190 9.89 19,667,222.32 13.11
9.00% less than Gross Cpn less than or equal to 9.50% 200 10.41 18,880,109.86 12.59
9.50% less than Gross Cpn less than or equal to 10.00% 429 22.33 31,363,789.34 20.91
10.00% less than Gross Cpn less than or equal to 10.50% 338 17.60 25,618,201.30 17.08
10.50% less than Gross Cpn less than or equal to 11.00% 437 22.75 27,133,318.49 18.09
11.00% less than Gross Cpn less than or equal to 11.50% 96 5.00 6,171,815.72 4.11
11.50% less than Gross Cpn less than or equal to 12.00% 53 2.76 3,214,202.68 2.14
12.00% less than Gross Cpn less than or equal to 12.50% 11 0.57 597,718.37 0.40
12.50% less than Gross Cpn less than or equal to 13.00% 1 0.05 37,900.00 0.03
13.00% less than Gross Cpn less than or equal to 13.50% 2 0.10 229,006.99 0.15
- -----------------------------------------------------------------------------------------------------------------
Total................................................. 1,921 100.00 150,000,538.57 100.00
=================================================================================================================
</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 or equal to 50,000 574 29.88 20,406,121.13 13.60
50,000 less than Balance less than or equal to 100,000 844 43.94 60,910,459.61 40.61
100,000 less than Balance less than or equal to 150,000 354 18.43 42,677,471.61 28.45
150,000 less than Balance less than or equal to 200,000 127 6.61 21,439,876.82 14.29
200,000 less than Balance less than or equal to 250,000 22 1.15 4,566,609.40 3.04
- -----------------------------------------------------------------------------------------------------------------
Total...................................................... 1921 100.00% 150,000,538.57 100.00%
=================================================================================================================
</TABLE>
<TABLE>
<CAPTION>
LIEN STATUS AND OWNER OCCUPANCY
-------------------------------------------------------------------------------------
Aggregate Percent of
Unpaid Aggregate
Number of Percent of Principal Principal
Loans Loan Count Balance Balance
<S> <C> <C> <C> <C>
Owner Occupied, 1st Mtg 1,777 92.50 141,294,141.09 94.20
Non-Owner Occupied, 1st Mtg 131 6.82 7,636,156.46 5.09
Second Home, 1st Mtg 13 0.68 1,070,241.02 0.71
- -------------------------------------------------------------------------------------
Total.................. 1,921 100.00% 150,000,538.57 100.00%
=====================================================================================
</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 or equal to 6 1,898 98.80 148,504,639.79 99.00
6 less than Age less than or equal to 12 3 0.16 161,902.25 0.11
12 less than Age less than or equal to 18 3 0.16 98,429.89 0.07
24 less than Age less than or equal to 30 1 0.05 22,916.93 0.02
30 less than Age less than or equal to 36 3 0.16 152,112.64 0.10
36 less than Age less than or equal to 42 1 0.05 65,116.37 0.04
42 less than Age less than or equal to 48 1 0.05 118,557.28 0.08
48 less than Age less than or equal to 54 1 0.05 56,479.16 0.04
54 less than Age less than or equal to 60 1 0.05 86,056.61 0.06
60 less than Age less than or equal to 66 1 0.05 109,343.51 0.07
66 less than Age less than or equal to 72 2 0.10 160,730.62 0.11
72 less than Age less than or equal to 78 1 0.05 125,006.24 0.08
90 less than Age less than or equal to 96 2 0.10 166,510.22 0.11
102 less than Age less than or equal to 108 1 0.05 64,409.50 0.04
108 less than Age less than or equal to 114 2 0.10 108,327.56 0.07
- -----------------------------------------------------------------------------------------------------------------
Total...................................... 1,921 100.00% 150,000,538.57 100.00%
=================================================================================================================
</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>
PROPERTY TYPE
-------------------------------------------------------------------------------------
Aggregate Percent of
Unpaid Aggregate
Number of Percent of Principal Principal
Loans Loan Count Balance Balance
<S> <C> <C> <C> <C>
Duplex 94 4.89 8,201,391.85 5.47
Triplex 9 0.47 763,400.67 0.51
Fourplex or Quadplex 1 0.05 38,600.00 0.03
Rowhouse 5 0.26 143,733.28 0.10
Manuf Hsg Perm/Land 10 0.52 745,120.06 0.50
Semi Detached 2 0.10 123,800.00 0.08
PUD 48 2.50 4,804,790.38 3.20
Townhouses 5 0.26 557,900.00 0.37
Condominiums 47 2.45 3,815,897.32 2.54
Single Family Detached 1,700 88.50 130,805,905.01 87.20
- -------------------------------------------------------------------------------------
Total............... 1,921 100.00% 150,000,538.57 100.00%
=====================================================================================
</TABLE>
<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 or equal to 60 3 0.16 63,648.30 0.04
72 less than Rem Term less than or equal to 84 1 0.05 39,900.00 0.03
96 less than Rem Term less than or equal to 108 1 0.05 13,699.72 0.01
108 less than Rem Term less than or equal to 120 18 0.94 384,888.59 0.26
132 less than Rem Term less than or equal to 144 1 0.05 38,700.00 0.03
144 less than Rem Term less than or equal to 156 2 0.10 79,016.93 0.05
156 less than Rem Term less than or equal to 168 2 0.10 84,730.17 0.06
168 less than Rem Term less than or equal to 180 190 9.89 9,590,700.56 6.39
192 less than Rem Term less than or equal to 204 1 0.05 45,146.26 0.03
204 less than Rem Term less than or equal to 216 1 0.05 25,700.00 0.02
228 less than Rem Term less than or equal to 240 128 6.66 7,047,389.26 4.70
240 less than Rem Term less than or equal to 252 2 0.10 108,327.56 0.07
252 less than Rem Term less than or equal to 264 2 0.10 138,105.52 0.09
264 less than Rem Term less than or equal to 276 1 0.05 92,814.20 0.06
276 less than Rem Term less than or equal to 288 2 0.10 199,806.24 0.13
288 less than Rem Term less than or equal to 300 6 0.31 512,674.13 0.34
300 less than Rem Term less than or equal to 312 2 0.10 142,535.77 0.10
312 less than Rem Term less than or equal to 324 2 0.10 183,673.65 0.12
324 less than Rem Term less than or equal to 336 2 0.10 106,966.38 0.07
336 less than Rem Term less than or equal to 348 1 0.05 22,799.33 0.02
348 less than Rem Term less than or equal to 360 1,553 80.84 131,079,316.00 87.39
- -----------------------------------------------------------------------------------------------------------------
Total........................................... 1,921 100.00% 150,000,538.57 100.00%
=================================================================================================================
</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>
GROSS MARGIN
Percentage of
Aggregate Cut-Off Date
Number of Percent of Unpaid Aggregate
Mortgage Loan Principal Principal
Gross Margin Loans Count Balance Balance
<S> <C> <C> <C> <C>
3.25% less than Margin less than or equal to 3.50% 1 0.05 160,800.00 0.11
3.50% less than Margin less than or equal to 3.75% 19 0.99 1,068,994.93 0.71
3.75% less than Margin less than or equal to 4.00% 211 10.98 13,925,142.24 9.28
4.00% less than Margin less than or equal to 4.25% 16 0.83 1,411,372.67 0.94
4.25% less than Margin less than or equal to 4.50% 189 9.84 15,798,278.89 10.53
4.50% less than Margin less than or equal to 4.75% 42 2.19 4,102,662.99 2.74
4.75% less than Margin less than or equal to 5.00% 143 7.44 11,658,051.90 7.77
5.00% less than Margin less than or equal to 5.25% 196 10.20 15,491,477.43 10.33
5.25% less than Margin less than or equal to 5.50% 144 7.50 13,270,148.11 8.85
5.50% less than Margin less than or equal to 5.75% 207 10.78 16,797,714.16 11.20
5.75% less than Margin less than or equal to 6.00% 338 17.60 25,968,014.74 17.31
6.00% less than Margin less than or equal to 6.25% 149 7.76 12,790,586.43 8.53
6.25% less than Margin less than or equal to 6.50% 64 3.33 4,785,246.76 3.19
6.50% less than Margin less than or equal to 6.75% 78 4.06 5,220,446.88 3.48
6.75% less than Margin less than or equal to 7.00% 61 3.18 3,912,127.50 2.61
7.00% less than Margin less than or equal to 7.25% 18 0.94 1,016,824.81 0.68
7.25% less than Margin less than or equal to 7.50% 26 1.35 1,684,444.10 1.12
7.50% less than Margin less than or equal to 7.75% 6 0.31 362,879.04 0.24
7.75% less than Margin less than or equal to 8.00% 7 0.36 264,070.71 0.18
8.00% less than Margin less than or equal to 8.25% 4 0.21 206,289.03 0.14
8.25% less than Margin less than or equal to 8.50% 1 0.05 43,281.91 0.03
8.75% less than Margin less than or equal to 9.00% 1 0.05 61,683.34 0.04
- -----------------------------------------------------------------------------------------------------------------
Total................................................ 1,921 100.00 150,000,538.57 100.00
=================================================================================================================
</TABLE>
<TABLE>
<CAPTION>
MAXIMUM LIFETIME COUPON RATE (LIFE CAP)
Percentage of
Aggregate Cut-Off Date
Number of Percent of Unpaid Aggregate
Gross Mortgage Loan Principal Principal
Life Cap Loans Count Balance Balance
<S> <C> <C> <C> <C>
0.000 LIFE CAP less than or equal to 10.000 1 0.05 104,916.17 0.07
11.000 LIFE CAP less than or equal to 11.500 1 0.05 10,000.00 0.01
12.500 LIFE CAP less than or equal to 13.000 1 0.05 178,989.29 0.12
13.000 LIFE CAP less than or equal to 13.500 5 0.26 320,279.09 0.21
13.500 LIFE CAP less than or equal to 14.000 11 0.57 1,162,424.73 0.77
14.000 LIFE CAP less than or equal to 14.500 29 1.51 3,075,672.74 2.05
14.500 LIFE CAP less than or equal to 15.000 110 5.73 11,246,836.47 7.50
15.000 LIFE CAP less than or equal to 15.500 156 8.12 15,552,337.60 10.37
15.500 LIFE CAP less than or equal to 16.000 421 21.92 33,864,147.50 22.58
16.000 LIFE CAP less than or equal to 16.500 360 18.74 29,557,571.53 19.70
16.500 LIFE CAP less than or equal to 17.000 529 27.54 34,361,997.08 22.91
17.000 LIFE CAP less than or equal to 17.500 140 7.29 10,232,753.38 6.82
17.500 LIFE CAP less than or equal to 18.000 78 4.06 5,626,310.57 3.75
18.000 LIFE CAP less than or equal to 18.500 43 2.24 2,607,034.71 1.74
18.500 LIFE CAP less than or equal to 19.000 24 1.25 1,305,023.05 0.87
19.000 LIFE CAP less than or equal to 19.500 10 0.52 565,237.67 0.38
20.000 LIFE CAP less than or equal to 20.500 2 0.10 229,006.99 0.15
- -----------------------------------------------------------------------------------------------------------------
Total....................................... 1921 100.00 $150,000,538.57 100.00%
=================================================================================================================
</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>
MINIMUM LIFETIME COUPON RATES (LIFE FLOOR)
Percentage of
Aggregate Cut-Off Date
Number of Percent of Unpaid Aggregate
Gross Mortgage Loan Principal Principal
Life Floor Loans Count Balance Balance
<S> <C> <C> <C> <C>
Life Floor = 0.000 1 0.05 104,916.17 0.07
5.500 Life Floor less than or equal to 6.000 2 0.10 350,989.29 0.23
6.000 Life Floor less than or equal to 6.500 6 0.31 475,409.09 0.32
6.500 Life Floor less than or equal to 7.000 12 0.62 1,349,258.47 0.90
7.000 Life Floor less than or equal to 7.500 64 3.33 5,588,012.09 3.73
7.500 Life Floor less than or equal to 8.000 264 13.74 19,816,036.12 13.21
8.000 Life Floor less than or equal to 8.500 257 13.38 22,557,236.97 15.04
8.500 Life Floor less than or equal to 9.000 338 17.60 30,319,016.66 20.21
9.000 Life Floor less than or equal to 9.500 186 9.68 17,264,745.25 11.51
9.500 Life Floor less than or equal to 10.000 231 12.02 18,102,878.70 12.07
10.000 Life Floor less than or equal to 10.500 159 8.28 11,739,234.30 7.83
10.500 Life Floor less than or equal to 11.000 284 14.78 15,912,281.71 10.61
11.000 Life Floor less than or equal to 11.500 61 3.18 3,486,046.54 2.32
11.500 Life Floor less than or equal to 12.000 43 2.24 2,102,332.55 1.40
12.000 Life Floor less than or equal to 12.500 10 0.52 565,237.67 0.38
12.500 Life Floor less than or equal to 13.000 1 0.05 37,900.00 0.03
13.000 Life Floor less than or equal to 13.500 2 0.10 229,006.99 0.15
- -----------------------------------------------------------------------------------------------------------------
Total........................................ 1921 100.00 $150,000,538.57 100.00%
=================================================================================================================
</TABLE>
<TABLE>
<CAPTION>
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
<S> <C> <C> <C> <C>
01/01/98 1 0.05 $183,727.72 0.12
02/01/98 1 0.05 $65,672.19 0.04
03/01/98 1 0.05 $112,250.41 0.07
04/01/98 56 2.92 $5,042,029.37 3.36
05/01/98 118 6.14 $11,067,543.80 7.38
06/01/98 255 13.27 $19,074,045.03 12.72
07/01/98 294 15.30 $19,573,064.04 13.05
08/01/98 22 1.15 $1,970,600.00 1.31
07/01/99 1 0.05 $49,861.39 0.03
08/01/99 3 0.16 $271,057.48 0.18
10/01/99 119 6.19 $9,708,673.34 6.47
11/01/99 197 10.26 $16,033,131.03 10.69
12/01/99 209 10.88 $17,915,130.38 11.94
01/01/00 5 0.26 $465,650.00 0.31
07/01/00 1 0.05 $103,037.32 0.07
09/01/00 1 0.05 $106,524.47 0.07
10/01/00 2 0.10 $171,447.86 0.11
11/01/00 68 3.54 $5,339,868.29 3.56
12/01/00 278 14.47 $21,737,454.45 14.49
01/01/01 279 14.52 $20,350,070.00 13.57
02/01/01 10 0.52 $659,700.00 0.44
- --------------------------------------------------------------------------
Total........ 1,921 100.00% $150,000,538.57 100.00%
==========================================================================
</TABLE>
<TABLE>
<CAPTION>
LOAN TYPE
-------------------------------------------------------------------------------------------------------------------
WA Total
# % Rem Perido Current
Loan Feature Loan Pool WAC Term LTV MARGIN LIFECAP FLOOR Cap Roll Balance
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
ARM 708 36.32 9.534 330.99 79.09 5.53 15.91 9.53 1.19 6.00 $54,480,148.78
ARM 228 534 29.63 9.620 358.93 72.98 6.14 16.59 9.59 1.50 23.18 $44,443,503.62
ARM 312 74 2.45 10.241 179.64 80.85 4.79 16.24 8.33 1.00 35.00 $3,677,539.62
ARM 317 84 3.30 10.003 239.29 83.06 4.45 16.00 8.15 1.00 33.92 $4,953,942.84
ARM 327 521 28.30 10.289 358.82 84.13 4.88 16.29 8.40 1.00 34.87 $42,445,403.71
- ---------------------------------------------------------------------------------------------------------------------------------
Total..... 1,921 100.00% 9.806 340.41 78.88 5.47 16.23 9.15 1.22 20.89 $150,000,538.57
=================================================================================================================================
</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 Owner Trust, Series 1997-DA1 and Series 1997-DA2
<TABLE>
<CAPTION>
UCFC OWNER TRUST, SERIES 1997-DA1 PRICING INFORMATION
--------------------------------------------------------
(LOAN GROUP ONE ADJUSTABLE-RATE COLLATERAL ONLY)
SERIES 1997-DA1
------------------------------------------
<S> <C>
Description: Class A Notes
Collateral: Loan Group One
Approximate
Face Amount: $[350,000,000]
Note Rate: The least of:
1) 1M LIBOR + [22] bps
2) Loan Group One Cap (described below)
After the Series 1997-DA1 Clean-up Call, the least of:
1) 1M LIBOR + 2 x [22] bps
2) Loan Group One Cap
Price: Par
Yield: Variable
Spread: [22]
Index: 1 Month LIBOR
Avg. Life to Call: [3.015] yrs
Avg. Life to Maturity: [3.275] yrs
Exp. 1st Prin Payment: 01/15/98
Exp. Mat to Call: [11/15/04]
Exp. Mat: [12/15/27]
Expected Rating: AAA/Aaa/AAA
Pricing Speed: All "3/27" loans (including the
prefunded "3/27" loans) will use a pricing
prepayment assumption of [15]% CPR for the
first [30] months and [35]% CPR thereafter.
All other loans will use a pricing
prepayment assumption of [28]% CPR.
Pricing Date: [12/5/97]
Investor Settle Date: [12/22/97]
Payment Delay: 0 days
Cut-off Date: 12/01/97
Stated Maturity [12/15/27]
Dated Date: [12/19/97]
Interest Payment: actual/360
Payment Terms: Monthly
1st Interest Payment Date: 01/15/98
Principal Paydown: All Loan Group One principal is pass through to Class A.
SMMEA Eligibility: non-SMMEA eligible
</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 Owner Trust, Series 1997-DA1 and Series 1997-DA2
<TABLE>
<CAPTION>
UCFC OWNER TRUST, SERIES 1997-DA2 PRICING INFORMATION
--------------------------------------------------------
(LOAN GROUP TWO ADJUSTABLE-RATE COLLATERAL ONLY)
SERIES 1997-DA2
------------------------------------------
<S> <C>
Description: Class A Notes
Collateral: Loan Group Two
Approximate
Face Amount: $[200,000,000]
Note Rate: The least of:
1) 1M LIBOR + [21] bps
2) Loan Group Two Cap (described below)
After the Series 1997-DA2 Clean-up Call, the least of:
1) 1M LIBOR + 2 x [21] bps
2) Loan Group Two Cap
Price: Par
Yield: Variable
Spread: [21]
Index: 1 Month LIBOR
Disc. Margin TBD
Avg. Life to Call: [2.938] yrs
Avg. Life to Maturity: [3.205] yrs
Exp. 1st Prin Payment: 01/15/98
Exp. Mat to Call: [11/15/04]
Exp. Mat: [12/15/27]
Expected Rating: AAA/Aaa/AAA
Pricing Speed: All "3/27" loans (including the
prefunded "3/27" loans) will use a pricing
prepayment assumption of [15]% CPR for the
first [30] months and [35]% CPR thereafter.
All other loans will use a pricing
prepayment assumption of [28]% CPR.
Pricing Date: [12/5/97]
Investor Settle Date: [12/22/97]
Payment Delay: 0 days
Cut-off Date: 12/01/97
Stated Maturity [12/15/27]
Dated Date: [12/19/97]
Interest Payment: actual/360
Payment Terms: Monthly
1st Interest Payment Date: 01/15/98
Principal Paydown: All Loan Group Two principal is pass through to Class A.
SMMEA Eligibility: non-SMMEA eligible
</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: $350,000,000.00 DATED DATE: 12/19/97
ucfc7da FIRST PAYMENT: 01/15/98
FACTOR: 1.0000000000 TOTAL CLASSES: 6
ORIGINAL BALANCE: $350,000,000.00 BOND DA1 DISCOUNT MARGIN ACT/360 TABLE YIELD TABLE DATE: 12/22/97
</TABLE>
<TABLE>
<CAPTION>
ASSUMED CONSTANT LIBOR-1M 6.0000
********** TO CALL *************
PRICING SPEED
100PPC/ 50PPC/ 75PPC/ 125PPC/ 150PPC/ 175PPC/ 200PPC/
PRICE
<S> <C> <C> <C> <C> <C> <C> <C>
99-24 31.399 27.557 29.464 33.364 35.403 37.429 39.614
99-24+ 30.810 27.209 28.996 32.651 34.563 36.462 38.510
99-25 30.221 26.861 28.529 31.939 33.724 35.496 37.406
99-25+ 29.632 26.513 28.061 31.228 32.884 34.529 36.303
99-26 29.044 26.164 27.594 30.516 32.045 33.563 35.200
99-26+ 28.455 25.817 27.126 29.805 31.206 32.597 34.097
99-27 27.867 25.469 26.659 29.093 30.367 31.631 32.995
99-27+ 27.279 25.121 26.192 28.382 29.528 30.666 31.892
99-28 26.691 24.773 25.725 27.671 28.689 29.700 30.790
99-28+ 26.103 24.426 25.258 26.961 27.851 28.735 29.689
99-29 25.515 24.078 24.792 26.250 27.013 27.770 28.587
99-29+ 24.928 23.731 24.325 25.540 26.175 26.806 27.486
99-30 24.340 23.384 23.858 24.829 25.337 25.842 26.385
99-30+ 23.753 23.036 23.392 24.119 24.500 24.878 25.285
99-31 23.166 22.689 22.926 23.409 23.662 23.914 24.185
99-31+ 22.579 22.342 22.460 22.700 22.825 22.950 23.085
100-00 21.992 21.995 21.994 21.990 21.989 21.987 21.985
100-00+ 21.405 21.648 21.528 21.281 21.152 21.024 20.886
100-01 20.819 21.302 21.062 20.572 20.315 20.061 19.786
100-01+ 20.232 20.955 20.596 19.863 19.479 19.098 18.688
100-02 19.646 20.608 20.131 19.154 18.643 18.136 17.589
100-02+ 19.060 20.262 19.665 18.445 17.807 17.174 16.491
100-03 18.474 19.916 19.200 17.737 16.972 16.212 15.393
100-03+ 17.888 19.569 18.735 17.029 16.136 15.250 14.295
100-04 17.303 19.223 18.270 16.321 15.301 14.289 13.197
100-04+ 16.717 18.877 17.805 15.613 14.466 13.328 12.100
100-05 16.132 18.531 17.340 14.905 13.631 12.367 11.003
100-05+ 15.547 18.185 16.875 14.197 12.797 11.406 9.907
100-06 14.962 17.839 16.411 13.490 11.962 10.446 8.810
100-06+ 14.377 17.493 15.946 12.783 11.128 9.485 7.714
100-07 13.792 17.148 15.482 12.076 10.294 8.525 6.619
100-07+ 13.207 16.802 15.018 11.369 9.460 7.566 5.523
First Payment 0.064 0.064 0.064 0.064 0.064 0.064 0.064
Average Life 3.015 5.737 3.958 2.431 2.025 1.738 1.509
Last Payment 6.897 13.564 9.231 5.481 4.481 3.897 3.397
Mod.Dur. @ 100-00 2.556 4.323 3.219 2.114 1.793 1.557 1.364
</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: $200,000,000.00 DATED DATE: 12/19/97
ucfc7da FIRST PAYMENT: 01/15/98
FACTOR: 1.0000000000 TOTAL CLASSES: 6
ORIGINAL BALANCE: $200,000,000.00 BOND DA2 DISCOUNT MARGIN ACT/360 TABLE YIELD TABLE DATE: 12/22/97
</TABLE>
<TABLE>
<CAPTION>
ASSUMED CONSTANT LIBOR-1M 6.0000
********** TO CALL *************
PRICING SPEED
100PPC/ 50PPC/ 75PPC/ 125PPC/ 150PPC/ 175PPC/ 200PPC/
PRICE
<S> <C> <C> <C> <C> <C> <C> <C>
99-24 30.636 26.602 28.590 32.777 34.958 37.321 39.797
99-24+ 30.032 26.251 28.114 32.038 34.083 36.298 38.619
99-25 29.428 25.900 27.639 31.301 33.208 35.276 37.441
99-25+ 28.825 25.549 27.163 30.563 32.334 34.253 36.264
99-26 28.221 25.198 26.688 29.825 31.460 33.231 35.087
99-26+ 27.618 24.847 26.213 29.088 30.586 32.209 33.910
99-27 27.015 24.496 25.738 28.351 29.712 31.188 32.733
99-27+ 26.412 24.146 25.263 27.614 28.839 30.166 31.557
99-28 25.809 23.795 24.788 26.877 27.966 29.145 30.381
99-28+ 25.206 23.445 24.313 26.141 27.093 28.125 29.205
99-29 24.604 23.095 23.838 25.404 26.220 27.104 28.030
99-29+ 24.001 22.745 23.364 24.668 25.347 26.084 26.855
99-30 23.399 22.395 22.890 23.932 24.475 25.064 25.680
99-30+ 22.797 22.045 22.415 23.196 23.603 24.044 24.506
99-31 22.195 21.695 21.941 22.461 22.731 23.024 23.331
99-31+ 21.593 21.345 21.467 21.725 21.860 22.005 22.158
100-00 20.992 20.995 20.994 20.990 20.988 20.986 20.984
100-00+ 20.390 20.646 20.520 20.255 20.117 19.967 19.811
100-01 19.789 20.296 20.046 19.520 19.246 18.949 18.638
100-01+ 19.188 19.947 19.573 18.785 18.375 17.931 17.465
100-02 18.587 19.597 19.099 18.051 17.505 16.913 16.293
100-02+ 17.986 19.248 18.626 17.316 16.634 15.895 15.121
100-03 17.385 18.899 18.153 16.582 15.764 14.878 13.949
100-03+ 16.785 18.550 17.680 15.848 14.894 13.860 12.777
100-04 16.184 18.201 17.207 15.115 14.025 12.843 11.606
100-04+ 15.584 17.852 16.734 14.381 13.155 11.827 10.435
100-05 14.984 17.503 16.262 13.648 12.286 10.810 9.265
100-05+ 14.384 17.155 15.789 12.914 11.417 9.794 8.095
100-06 13.785 16.806 15.317 12.181 10.548 8.778 6.925
100-06+ 13.185 16.458 14.845 11.448 9.680 7.763 5.755
100-07 12.585 16.109 14.372 10.716 8.811 6.747 4.586
100-07+ 11.986 15.761 13.900 9.983 7.943 5.732 3.417
First Payment 0.064 0.064 0.064 0.064 0.064 0.064 0.064
Average Life 2.938 5.700 3.892 2.341 1.941 1.637 1.408
Last Payment 6.897 13.647 9.231 5.397 4.481 3.731 3.231
Mod.Dur. @ 100-00 2.493 4.289 3.166 2.040 1.722 1.472 1.279
</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>
This information has been prepared in connection with the issuance of
securities representing interests in the above trust, and is based in part on
information provided by United Companies Financial Corporation with respect to
the expected characteristics of the pool of home equity loans in which these
securities will represent undivided beneficial interests. The actual
characteristics and performance of the home equity loans will differ from the
assumptions used in preparing these materials, which are hypothetical in nature.
Changes in the assumptions may have a material impact on the information set
forth in these materials. No representation is made that any performance or
return indicated herein will be achieved. For example, it is very unlikely that
the loans will prepay at a constant rate or follow a predictable pattern. This
information may not be used or otherwise disseminated in connection with the
offer or sale of these or any other securities, except in connection with the
initial offer or sale of these securities to you to the extent set forth below.
NO REPRESENTATION IS MADE AS TO THE APPROPRIATENESS, USEFULNESS, ACCURACY OR
COMPLETENESS OF THESE MATERIALS OR THE ASSUMPTIONS ON WHICH THEY ARE BASED.
Additional information is available upon request. These materials do not
constitute an offer to buy or sell or a solicitation of an offer to buy or sell
any security or instrument or to participate in any particular trading strategy.
ANY SUCH OFFER TO BUY OR SELL ANY SECURITY WOULD BE MADE PURSUANT TO A
DEFINITIVE PROSPECTUS AND PROSPECTUS SUPPLEMENT PREPARED BY THE ISSUER WHICH
WOULD CONTAIN MATERIAL INFORMATION NOT CONTAINED IN THESE MATERIALS. SUCH
PROSPECTUS AND PROSPECTUS SUPPLEMENT WILL CONTAIN ALL MATERIAL INFORMATION IN
RESPECT OF ANY SUCH SECURITY OFFERED THEREBY AND ANY DECISION TO INVEST IN SUCH
SECURITIES SHOULD BE MADE SOLELY IN RELIANCE UPON SUCH PROSPECTUS AND PROSPECTUS
SUPPLEMENT. ANY CAPITALIZED TERMS USED BUT NOT DEFINED HEREIN ARE TO BE READ IN
CONJUNCTION WITH SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT. In the event of any
such offering, these materials, including any description of the loans contained
herein, shall be deemed superseded, amended and supplemented in their entirety
by such Prospectus and Prospectus Supplement. To Our Readers Worldwide: In
addition, please note that this information has been provided by Morgan Stanley
& Co. Incorporated and approved by Morgan Stanley & Co. International Limited, a
member of the Securities and Futures Authority, and Morgan Stanley Japan Ltd. We
recommend that investors obtain the advice of their Morgan Stanley & Co.
International Limited or Morgan Stanley Japan Ltd. representative about the
investment concerned. NOT FOR DISTRIBUTION TO PRIVATE CUSTOMERS AS DEFINED BY
THE U.K. SECURITIES AND FUTURES AUTHORITY.
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The information contained in the attached computational materials is referred to
as the "Information".
The attached Computational Materials have been prepared by United Companies
Financial Lending and its affiliates. Neither J.P. Morgan Securities ("JPMS")
nor any of its affiliates makes any representation as to the accuracy or
completeness of the Information herein. The Information contained herein is
preliminary and will be superseded by the applicable prospectus supplement and
by any other information subsequently filed with the Securities and Exchange
Commission.
The Information contained herein will be superseded by the description of the
collateral pool contained in the prospectus supplement relating to the
securities.
The Information addresses only certain aspects of the applicable security's
characteristics and thus does not provide a complete assessment. As such, the
Information may not reflect the impact of all structural characteristics of the
security. The assumptions underlying the Information, including structure and
collateral, may be modified from time to time to reflect changed circumstances.
Although a registration statement (including the prospectus) relating to the
securities discussed in this communication has been filed with the Securities
and Exchange Commission and is effective, the final prospectus supplement
relating to the securities discussed in this communication has not been filed
with the Securities and Exchange Commission. This communication shall not
constitute an offer to sell or the solicitation of an offer to buy nor shall
there be any sale of the securities discussed in this communication in any state
in which such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such state.
Prospective purchasers are referred to the final prospectus and prospectus
supplement relating to the securities discussed in this communication for
definitive Information on any matter discussed in this communication. Any
investment decision should be based only on the data in the prospectus and the
prospectus supplement ("Offering Documents") and the then current version of the
Information. Offering Documents contain data that is current as of their
publication dates and after publication may no longer be complete or current. A
final prospectus and prospectus supplement may be obtained by contacting the
JPMS Syndicate Trading Desk at (212) 648-0640.
