<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) March 26, 1997
UCFC Acceptance Corporation
(Exact name of registrant as specified in its charter)
Louisiana 333-07081 72-123-5336
(State or other jurisdiction of (Commission (IRS Employer
incorporation) File Number) ID Number)
4041 Essen Lane, Baton Rouge, Louisiana 70809
(Address of principal executive offices) (Zip Code)
Registrant's Telephone Number, including area code: (504) 924-6007
N/A
(Former name or former address, if changed since last report)
<PAGE>
Item 5. Other Events
Filing of Computational Materials and Consent of Independent Accountants.*
Pursuant to Rule 424(b) under the Securities Act of 1933, as amended,
UCFC Acceptance Corporation (the "Depositor") is filing a prospectus and
prospectus supplement with the Securities and Exchange Commission relating to
its Home Equity Loan Pass-Through Certificates, Series 1997-B.
In connection with the offering of the Home Equity Loan Pass-Through
Certificates, Series 1997-B, Prudential Securities Incorporated prepared certain
materials (the "Computational Materials") which were distributed by Prudential
Securities Incorporated, J.P. Morgan Securities, Inc., Morgan Stanley & Co.
Incorporated and Salomon Brothers 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 which were distributed by
each of the Underwriters are attached hereto as Exhibit 99.1 and the
Computational Materials which were distributed only by Prudential Securities
Incorporated are attached hereto as Exhibit 99.2.
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, 1996,
and Prospectus Supplement dated June 25, 1997, of UCFC Acceptance
Corporation, relating to its Home Equity Loan Pass-Through Certificates,
Series 1997-B.
-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.
99.2. Additional Computational Materials of Prudential Securities
Incorporated.
-3-
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
UCFC ACCEPTANCE CORPORATION
By: /s/ H.C. McCall, III
------------------------
Name: H.C. McCall, III
Title: President
Dated: June 26, 1997
-4-
<PAGE>
EXHIBIT INDEX
Exhibit Page
- ------- ----
23.1. Consent of Coopers & Lybrand L.L.P.
99.1. Computational Materials.
99.2. Additional Computational Materials of Prudential Securities
Incorporated.
-5-
<PAGE>
EXHIBIT 23.1
CONSENT OF INDEPENDENT ACCOUNTANTS
We consent to the incorporation by reference in this Prospectus Supplement
of our report dated February 3, 1997, on our audits of the consolidated
financial statements of MBIA Insurance Corporation and Subsidiaries as of
December 31, 1996 and 1995 and for each of the three years in the period ended
December 31, 1996. We also consent to the reference to our firm under the
caption "Report of Experts".
/s/ Coopers & Lybrand L.L.P.
-----------------------------
Coopers & Lybrand L.L.P.
June 25, 1997
New York, New York
<PAGE>
UCFC Loan Trust 1997-B - Home Equity Loan Pass-Through Certificates
PRICING INFORMATION
--------------------------------------------------------
CERTIFICATE GROUP ONE
COLLATERALIZED BY LOAN GROUP ONE (FIXED-RATE COLLATERAL)
<TABLE>
<CAPTION>
Certificate Group One Lead Manager: Prudential Securities Incorporated
Co-Manager: J.P. Morgan & Co.
Class: A-1 A-2 A-3 A-4 A-5
<S> <C> <C> <C> <C> <C>
Approximate
Face Amount: 90,000,000 33,000,000 45,000,000 35,500,000 21,500,000
Coupon: 1M LIBOR + 10* 6.520 6.655 6.940 7.270
Price: 100-00 100-00 100-00 100-00 100-00
Yield: N/A 6.472 6.652 6.975 7.339
Spread: 10 45 50 68 94
Exp Avg Life
to Maturity: [0.90] yrs [2.03] yrs [3.08] yrs [5.00] yrs [9.94] yrs
Exp Avg Life
to 10% Call: [0.90] yrs [2.03] yrs [3.08] yrs [5.00] yrs [7.08] yrs
Exp 1st Prin Pmt: 07/15/97 [03/15/99] [11/15/99] [06/15/01] [02/15/04]
Exp Mat: [03/15/99] [11/15/99] [06/15/01] [02/15/04] [11/15/12]
Exp Mat to 10% Call: [03/15/99] [11/15/99] [06/15/01] [02/15/04] [08/15/04]
Stated Mat: [05/15/10] [11/15/11] [07/15/16] [12/15/23] [10/15/28]
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: 06/23/97 06/23/97 06/23/97 06/23/97 06/23/97
Investor
Settle Date: 06/30/97 06/30/97 06/30/97 06/30/97 06/30/97
Pmt Delay: 0 days 14 days 14 days 14 days 14 days
Cut-off Date: 06/01/97 06/01/97 06/01/97 06/01/97 06/01/97
Dated Date: 06/27/97 06/01/97 06/01/97 06/01/97 06/01/97
Int Pmt: actual/360 30/360 30/360 30/360 30/360
Pmt Terms: Monthly Monthly Monthly Monthly Monthly
1st Int. Pmt Date: 07/15/97 07/15/97 07/15/97 07/15/97 07/15/97
Collateral Type: Fixed-Rate Fixed-Rate Fixed-Rate Fixed-Rate Fixed-Rate
SMMEA
Eligibility: non-SMMEA non-SMMEA non-SMMEA non-SMMEA non-SMMEA
</TABLE>
- --------------------------------------------------------------------------------
* The Pass-Through Rate on the Class A-1 Certificates will equal the lessor of:
1) One Month LIBOR + 10 bps
2) Group One Cap
Group One Cap: A rate equal to the weighted average net coupon rate
(i.e., the weighted average coupon less 0.646% for servicing
fee, trustee fee and certificate insurer premium) for Loan Group
One (fixed-rate collateral) for such Distribution Date.
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-B - Home Equity Loan Pass-Through Certificates
PRICING INFORMATION (cont.)
--------------------------------------------------------
CERTIFICATE GROUP ONE
COLLATERALIZED BY LOAN GROUP ONE (FIXED-RATE COLLATERAL)
<TABLE>
<CAPTION>
Class: A-6
(NAS BOND)
<S> <C>
Approximate
Face Amount: 25,000,000
Coupon: 6.900
Price: 100-00
Yield: 6.945
Spread: 61
Exp Avg Life
to Maturity: [6.31] yrs
Exp Avg Life
to 10% call: [5.96] yrs
Exp 1st Prin Pmt: [07/15/00]
Exp Mat: [09/15/12]
Exp Mat to 10% call: [08/15/04]
Stated Mat: [10/15/28]
Expected
Rating: AAA/Aaa/AAA
Pricing Speed: 25 % HEP
Pricing Date: 06/23/97
Investor
Settle Date: 06/30/97
Pmt Delay: 14 days
Cut-off Date: 06/01/97
Dated Date: 06/01/97
Int Pmt: 30/360
Pmt Terms: Monthly
1st Int. Pmt Date: 07/15/97
Collateral Type: Fixed-Rate
SMMEA
Eligibility: non-SMMEA
</TABLE>
- --------------------------------------------------------------------------------
Certificate Group One
Principal Paydown: 1) To the Class A-6 Certificateholders -- the Class
A-6 Principal Distribution Amount
2) To the Class A-1 through A-5 Certificates, in
sequential order
Class A-6 Principal
Disbribution Amount: The applicable Class A-6 Principal Percentage
multiplied by the Class A-6 Principal Pro Rata
Distribution Amount for such Payment Date.
THE CLASS A-6 PRINCIPAL PERCENTAGE
--------------------------------
July 1997 to June 2000 ==> 0%
July 2000 to June 2002 ==> 45%
July 2002 to June 2003 ==> 80%
July 2003 to June 2004 ==> 100%
July 2004 and after ==> 300%
THIS COLLATERAL TERMSHEET SUPERSEDES ANY PREVIOUS COLLATERAL TERMSHEETS, AND
WILL BE SUPERSEDED BY THE COLLATERAL INFORMATION IN THE PROSPECTUS SUPPLEMENT.
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH A
DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED FINANCIAL
ADVISOR IMMEDIATELY.
<PAGE>
UCFC Loan Trust 1997-B - Home Equity Loan Pass-Through Certificates
PRICING INFORMATION (Cont.)
-----------------------------------------------------------
CERTIFICATE GROUP TWO
COLLATERALIZED BY LOAN GROUP TWO (FLOATING-RATE COLLATERAL)
<TABLE>
<S> <C>
Certificate Group Two Lead Manager: Prudential Securities Incorporated
Co-Manager: Morgan Stanley, Dean Witter, Discover & Co.
Co-Manager: Salomon Brothers Inc
</TABLE>
<TABLE>
<S> <C>
Class: A-7
Approximate
Face Amount: $350,000,000
Pass-Through Rate: The least of:
1) 1M LIBOR + 24 bps
2) Group Two Cap (described below)
After the Cleanup Call, the least of:
1) 1M LIBOR + 2 x 24 bps
2) Group Two Cap
Price: Par
Yield: Variable
Spread: 24
Index: 1 Month LIBOR
Disc. Margin: 24
Life Cap: [15.199]%
Avg Life to Call: [3.17] yrs
Avg Life to Maturity: [3.38] yrs
Exp. 1st Prin Payment: [07/15/97]
Exp Mat to Call: [08/15/04]
Exp Mat: [09/15/27]
Expected
Rating: AAA/Aaa/AAA
Pricing Spd: All "3/27" loans (including the prefunded "3/27"
loans) in Loan Group Two will use a pricing
prepayment assumption of [15]% CPR for the first
[30] months and [35]% CPR thereafter. All other
loans in Loan Group Two will use a pricing
prepayment assumption of [28]% CPR.
Pricing Date: 06/23/97
Investor
Settle Date: [06/30/97]
Pymt Delay: 0 days
Cut-off Date: 06/01/97
Stated Mat: [10/15/28]
Dated Date: [06/27/97]
Int Pymt: actual/360
Pymt Terms: Monthly
1st Int. Pymt Date: 07/15/97
Principal Paydown: All Loan Group Two principal is passed through to
Class A-7.
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 Loan Trust 1997-B - Home Equity Loan Pass-Through Certificates
SUMMARY OF TERMS
--------------------------
<TABLE>
<S> <C>
Title of Securities: UCFC Loan Trust 1997-B, Home Equity Loan Pass-Through
Certificates (the "Trust") Class A-1, A-2, A-3, A-4,
A-5, A-6 ("Certificate Group One") and Class A-7
("Certificate Group Two").
Depositor: UCFC Acceptance Corporation.
Servicer: United Companies Lending Corporation.
Originators: The Home Equity Loans were, and any Subsequent Loans
will be, originated, either directly or through
correspondents or mortgage brokers, or purchased and
re-underwritten, by United Companies and certain
subsidiaries and affiliates thereof.
Trustee: Bankers Trust Company of California, N.A.
Aggregate
Certificate Balance: Certificate Group One (Fixed-Rate Collaterl): $[250,000,000]
Certificate Group Two (Floating-Rate Collateral): $[350,000,000]
Securities Offered: 100% MBIA-guaranteed, pass-through certificates.
Offering: Public shelf offering -- a prospectus and prospectus
supplement will be distributed after pricing.
Pricing Date: June 23, 1997
Investor
Settlement Date: June 30, 1997
Form of Certificates: Book-Entry form, same-day funds through DTC, Euroclear
and CEDEL
Pass-Through Rate: 1-Month LIBOR + 10 bps on Class A-1 Certificates *
6.520% on Class A-2 Certificates
6.655% on Class A-3 Certificates
6.940% on Class A-4 Certificates
7.270% on Class A-5 Certificates
6.900% on Class A-6 Certificates
1-Month LIBOR + 24 bps on Class A-7 Certificates *
* Subject to the Cap for their respective Loan Groups.
Prepayment
Assumption: For Class A-1 through A-6, 25% HEP (2.5% CPR in month 1
with monthly incremental increases of 2.5% CPR until
the speed reaches 25% CPR in month 10 based on loan
seasoning.) This means that seasoned loans will start
further up on the prepayment curve.
For Class A-7, all "3/27" loans (including the
prefunded "3/27" loans) in Loan Group Two will use a
pricing prepayment assumption of [15]% CPR for the
first [30] months and [35]% CPR thereafter. All other
loans in Loan Group Two will use a pricing prepayment
assumption of [28]% CPR.
Distribution Date: The 15th day of each month (or, if any such date is not
a business day, the first business day thereafter)
commencing in July 1997. The payment delay will be zero
days for the Class A-1 and Class A-7 Certificates and
14 days for the Class A-2, A-3, A-4, A-5 and A-6
Certificates.
Interest Accrual
Period: The initial interest accrual period on the Class A-1
and A-7 Certificates will be from June 27th until July
14th. In future periods, interest will accrue on the
Class A-1 and A-7 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 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 all of the
Home Equity Loans in the Trust on any Remittance Date
when the aggregate Loan Balance of such 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.
Certificate
Group Two Coupon
Step-Up: If the Servicer does not exercise its option to call
the Certificate Group Two Certificates at the 10%
cleanup call date, then the coupon on the Class A-7
Certificates shall be raised to LIBOR + 2 x [24] bps
subject to the Group Two Cap.
</TABLE>
THIS COLLATERAL TERMSHEET SUPERSEDES ANY PREVIOUS COLLATERAL TERMSHEETS, AND
WILL BE SUPERSEDED BY THE COLLATERAL INFORMATION IN THE PROSPECTUS SUPPLEMENT.
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH A
DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED FINANCIAL
ADVISOR IMMEDIATELY.
<PAGE>
PRELIMINARY
BACKGROUND INFORMATION
UCFC LOAN TRUST 1997-B
APPROXIMATE CLASS SIZES
$90,000,000 Class A-1 FLOATING-RATE CERTIFICATES
(non-SMMEA-eligible)
$33,000,000 Class A-2 FIXED-RATE CERTIFICATES
(non-SMMEA-eligible)
$45,000,000 Class A-3 FIXED-RATE CERTIFICATES
(non-SMMEA-eligible)
$35,500,000 Class A-4 FIXED-RATE CERTIFICATES
(non-SMMEA-eligible)
$21,500,000 Class A-5 FIXED-RATE CERTIFICATES
(non-SMMEA-eligible)
$25,000,000 Class A-6 FIXED-RATE CERTIFICATES
Non-Accelerated Senior Bond
(non-SMMEA-eligible)
$350,000,000 Class A-7 FLOATING-RATE CERTIFICATES
(non-SMMEA-eligible)
HOME EQUITY LOAN PASS-THROUGH CERTIFICATES, SERIES 1997-B
The information included herein is provided solely by Prudential Securities
Incorporated ("PSI") as underwriter for the UCFC 1997-B transaction, and not by
or as agent for UCFC Acceptance or any of its affiliates (collectively, the
"Depositor"). The Depositor has not prepared, reviewed or participated in the
preparation hereof, is not responsible for the accuracy hereof and has not
authorized the dissemination hereof. The analysis in this report is accurate to
the best of PSI's knowledge and is based on information provided by the
Depositor. PSI makes no representations as to the accuracy of such information
provided by the Depositor. All opinions and conclusions in this report reflect
PSI's judgment as of this date and are subject to change. All analyses are based
on certain assumptions noted herein and different assumptions could yield
substantially different results. You are cautioned that there is no universally
accepted method for analyzing financial instruments. You should review the
assumptions; there may be differences between these assumptions and your actual
business practices. Further, PSI does not guarantee any results and there is no
guarantee as to the liquidity of the instruments involved in this analysis. The
decision to adopt any strategy remains your responsibility. PSI (or any of its
affiliates) or their officers, directors, analysts or employees may have
positions in securities, commodities or derivative instruments thereon referred
to herein, and may, as principal or agent, buy or sell such securities,
commodities or derivative instruments. In addition, PSI may make a market in the
securities referred to herein. Neither the information nor the opinions
expressed shall be construed to be, or constitute, an offer to sell or buy or a
solicitation of an offer to sell or buy any securities, commodities or
derivative instruments mentioned herein. Finally, PSI has not addressed the
legal, accounting and tax implications of the analysis with respect to you and
PSI strongly urges you to seek advice from your counsel, accountant and tax
advisor.
<PAGE>
UCFC Loan Trust 1997-B - Home Equity Loan Pass-Through Certificates
PRICING INFORMATION
--------------------------------------------------------
CERTIFICATE GROUP ONE
COLLATERALIZED BY LOAN GROUP ONE (FIXED-RATE COLLATERAL)
Certificate Group One Lead Manager: Prudential Securities Incorporated
Co-Manager: J.P. Morgan & Co.
<TABLE>
<CAPTION>
Class: A-1 A-2 A-3 A-4 A-5
<S> <C> <C> <C> <C> <C>
Approximate
Face Amount: 90,000,000 33,000,000 45,000,000 35,500,000 21,500,000
Coupon: 1M LIBOR + TBD* TBD TBD TBD TBD
Price: TBD TBD TBD TBD TBD
Yield: TBD TBD TBD TBD TBD
Spread: TBD TBD TBD TBD TBD
Exp Avg Life
to Maturity: [0.90] yrs [2.03] yrs [3.08] yrs [5.00] yrs [9.94] yrs
Exp Avg Life
to 10% Call: [0.90] yrs [2.03] yrs [3.08] yrs [5.00] yrs [7.08] yrs
Exp 1st Prin Pmt: 07/15/97 [03/15/99] [11/15/99] [06/15/01] [02/15/04]
Exp Mat: [03/15/99] [11/15/99] [06/15/01] [02/15/04] [11/15/12]
Exp Mat to 10% Call: [03/15/99] [11/15/99] [06/15/01] [02/15/04] [08/15/04]
Stated Mat: [05/15/10] [11/15/11] [07/15/16] [12/15/23] [10/15/28]
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 TBD TBD TBD TBD
Investor
Settle Date: 06/30/97 06/30/97 06/30/97 06/30/97 06/30/97
Pmt Delay: 0 days 14 days 14 days 14 days 14 days
Cut-off Date: 06/01/97 06/01/97 06/01/97 06/01/97 06/01/97
Dated Date: 06/27/97 06/01/97 06/01/97 06/01/97 06/01/97
Int Pmt: actual/360 30/360 30/360 30/360 30/360
Pmt Terms: Monthly Monthly Monthly Monthly Monthly
1st Int. Pmt Date: 07/15/97 07/15/97 07/15/97 07/15/97 07/15/97
Collateral Type: Fixed-Rate Fixed-Rate Fixed-Rate Fixed-Rate Fixed-Rate
SMMEA
Eligibility: non-SMMEA non-SMMEA non-SMMEA non-SMMEA non-SMMEA
</TABLE>
- --------------------------------------------------------------------------------
* The Pass-Through Rate on the Class A-1 Certificates will equal the lessor of:
1) One Month LIBOR + TBD bps
2) Group One Cap
Group One Cap: A rate equal to the weighted average net coupon rate
(i.e., the weighted average coupon less 0.646% for servicing
fee, trustee fee and certificate insurer premium) for Loan Group
One (fixed-rate collateral) for such Distribution Date.
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-B - Home Equity Loan Pass-Through Certificates
PRICING INFORMATION (cont.)
--------------------------------------------------------
CERTIFICATE GROUP ONE
COLLATERALIZED BY LOAN GROUP ONE (FIXED-RATE COLLATERAL)
Class: A-6
(NAS BOND)
Approximate
Face Amount: 25,000,000
Coupon: TBD
Price: TBD
Yield: TBD
Spread: TBD
Exp Avg Life
to Maturity: [6.11] yrs
Exp Avg Life
to 10% call: [5.96] yrs
Exp 1st Prin Pmt: [07/15/00]
Exp Mat: [09/15/12]
Exp Mat to 10% call: [08/15/04]
Stated Mat: [10/15/28]
Expected
Rating: AAA/Aaa/AAA
Pricing Speed: 25 % HEP
Pricing Date: TBD
Investor
Settle Date: 06/30/97
Pmt Delay: 14 days
Cut-off Date: 06/01/97
Dated Date: 06/01/97
Int Pmt: 30/360
Pmt Terms: Monthly
1st Int. Pmt Date: 07/15/97
Collateral Type: Fixed-Rate
SMMEA
Eligibility: non-SMMEA
- --------------------------------------------------------------------------------
<TABLE>
<S> <C>
Certificate Group One
Principal Paydown: 1) To the Class A-6 Certificateholders -- the Class A-6 Principal Distribution Amount
2) To the Class A-1 through A-5 Certificates, in sequential order
Class A-6 Principal
Disbribution Amount: The applicable Class A-6 Principal Percentage multiplied by the Class A-6 Principal
Pro Rata Distribution Amount for such Payment Date.
THE CLASS A-6 PRINCIPAL PERCENTAGE
--------------------------------
July 1997 to June 2000 ==> 0%
July 2000 to June 2002 ==> 45%
July 2002 to June 2003 ==> 80%
July 2003 to June 2004 ==> 100%
July 2004 and after ==> 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-B - Home Equity Loan Pass-Through Certificates
PRICING INFORMATION (Cont.)
-----------------------------------------------------------
CERTIFICATE GROUP TWO
COLLATERALIZED BY LOAN GROUP TWO (FLOATING-RATE COLLATERAL)
<TABLE>
<S> <C>
Certificate Group Two Lead Manager: Prudential Securities Incorporated
Co-Manager: Morgan Stanley, Dean Witter, Discover & Co.
Co-Manager: Salomon Brothers Inc
</TABLE>
<TABLE>
<S> <C>
Class: A-7
Approximate
Face Amount: $350,000,000
Pass-Through Rate: The least of:
1) 1M LIBOR + TBD bps
2) Group Two Cap (described below)
After the Cleanup Call, the least of:
1) 1M LIBOR + 2 x TBD bps
2) Group Two Cap
Price: Par
Yield: Variable
Spread: TBD
Index: 1 Month LIBOR
Disc. Margin: TBD
Life Cap: [15.199]%
Avg Life to Call: [3.17] yrs
Avg Life to Maturity: [3.38] yrs
Exp. 1st Prin Payment: [07/15/97]
Exp Mat to Call: [08/15/04]
Exp Mat: [09/15/27]
Expected
Rating: AAA/Aaa/AAA
Pricing Spd: All "3/27" loans (including the prefunded "3/27" loans) in Loan Group Two will use
a pricing prepayment assumption of [15]% CPR for the first [30] months and [35]% CPR
thereafter. All other loans in Loan Group Two will use a pricing prepayment assumption
of [28]% CPR.
Pricing Date: TBD
Investor
Settle Date: [06/30/97]
Pymt Delay: 0 days
Cut-off Date: 06/01/97
Stated Mat: [10/15/28]
Dated Date: [06/27/97]
Int Pymt: actual/360
Pymt Terms: Monthly
1st Int. Pymt Date: 07/15/97
Principal Paydown: All Loan Group Two principal is passed through to Class A-7.
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 Loan Trust 1997-B - Home Equity Loan Pass-Through Certificates
Group Two Cap:
Group Two Adjusted Net Coupon:
Net Coupon - fees ([14.6] bps) - surety carveout ([50] bps)*
The Group Two Cap on each Distribution Date will be the lesser of:
(i) Weighted Average Gross Life Cap: 16.345 %
Less Surety carveout 0.500 % *
Less Servicing 0.500 %
Less Fees 0.146 %
----------
15.199 %
(ii) Weighted Average Adjusted Net Coupon on the Group Two loans
for such Distribution Date.
* Carveout not applicable for the first [12] bond payments.
<TABLE>
<S> <C>
Basis Risk Shortfall Amount: If, on any Distribution Date, the Pass-Through Rate for the Class A-7
Certificates is based upon the Group Two Cap, the excess of (i) the amount of
interest the Class A-7 Certificates would be entitled to receive on such
Distribution Date at the then-applicable Class A-7 LIBOR Rate over (ii) the
amount of interest such Class will receive on such Distribution Date at the Group
Two Cap, together with the unpaid portion of any such excess from prior
Distribution Dates (and interest accrued thereon at the then-applicable Class
A-7 LIBOR Rate) is referred to as the Basis Risk Shortfall Amount. Any Basis
Risk Shortfall Amount will be carried forward to the next Disbribution Date
until paid from the sources of funds and in the priority set forth in the
Pooling and Servicing Agreement. The Servicer must pay the Basis Risk Shortfall
Amount prior to exercising the 10% optional clean-up call. The Basis Risk
Shortfall Amount will not be insured by the MBIA guarantee.
</TABLE>
Monthly Group Two Cap Summary:
(calculated on 30/360 basis)
[to be revised]
GROUP TWO
DATE CAP SUMMARY
- ------------------
07/97 9.731 07/00 9.667
08/97 9.733 08/00 9.718
09/97 9.735 09/00 9.732
10/97 9.736 10/00 9.747
11/97 9.738 11/00 9.747
12/97 9.740 12/00 9.748
01/98 9.786 01/01 9.749
02/98 9.833 02/01 9.749
03/98 9.849 03/01 9.750
04/98 9.864 04/01 9.751
05/98 9.903 05/01 9.752
06/98 9.903 06/01 9.752
07/98 9.417
08/98 9.416
09/98 9.416
10/98 9.416
11/98 9.442
12/98 9.442
01/99 9.441
02/99 9.441
03/99 9.440
04/99 9.440
05/99 9.440
06/99 9.508
07/99 9.507
08/99 9.506
09/99 9.505
10/99 9.504
11/99 9.504
12/99 9.560
01/00 9.560
02/00 9.560
03/00 9.560
04/00 9.561
05/00 9.562
06/00 9.563
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-B - Home Equity Loan Pass-Through Certificates
SUMMARY OF TERMS
--------------------------
<TABLE>
<S> <C>
Title of Securities: UCFC Loan Trust 1997-B, Home Equity Loan Pass-Through Certificates (the "Trust")
Class A-1, A-2, A-3, A-4, A-5, A-6 ("Certificate Group One") and
Class A-7 ("Certificate Group Two").
Depositor: UCFC Acceptance Corporation.
Servicer: United Companies Lending Corporation.
Originators: The Home Equity Loans were, and any Subsequent Loans will be,
originated, either directly or through correspondents or
mortgage brokers, or purchased and re-underwritten, by United
Companies and certain subsidiaries and affiliates thereof.
Trustee: Bankers Trust Company of California, N.A.
Aggregate
Certificate Balance: Certificate Group One (Fixed-Rate Collaterl): $[250,000,000]
Certificate Group Two (Floating-Rate Collateral): $[350,000,000]
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: June 30, 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
1-Month LIBOR + TBD bps on Class A-7 Certificates *
* Subject to the Cap for their respective Loan Groups.
Prepayment
Assumption: For Class A-1 through A-6, 25% HEP (2.5% CPR in month 1 with
monthly incremental increases of 2.5% CPR until the speed
reaches 25% CPR in month 10 based on loan seasoning.) This means
that seasoned loans will start further up on the prepayment
curve.
For Class A-7, all "3/27" loans (including the prefunded "3/27"
loans) in Loan Group Two will use a pricing prepayment
assumption of [15]% CPR for the first [30] months and [35]% CPR
thereafter. All other loans in Loan Group Two will use a pricing
prepayment assumption of [28]% CPR.
Distribution Date: The 15th day of each month (or, if any such date is not a
business day, the first business day thereafter) commencing in
July 1997. The payment delay will be zero days for the Class A-1
and Class A-7 Certificates and 14 days for the Class A-2, A-3,
A-4, A-5 and A-6 Certificates.
Interest Accrual
Period: The initial interest accrual period on the Class A-1 and A-7
Certificates will be from June 27th until July 14th. In future
periods, interest will accrue on the Class A-1 and A-7
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 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 all of the Home
Equity Loans in the Trust on any Remittance Date when the
aggregate Loan Balance of such 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.
Certificate Group
Two Coupon Step-Up: If the Servicer does not exercise its option to call the
Certificate Group Two Certificates at the 10% cleanup call date,
then the coupon on the Class A-7 Certificates shall be raised to
LIBOR + 2 x [TBD] bps subject to the Group Two Cap.
</TABLE>
THIS COLLATERAL TERMSHEET SUPERSEDES ANY PREVIOUS COLLATERAL
TERMSHEETS, AND WILL BE SUPERSEDED BY THE COLLATERAL INFORMATION IN THE
PROSPECTUS SUPPLEMENT.
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE
SUCH A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES
INCORPORATED FINANCIAL ADVISOR IMMEDIATELY.
<PAGE>
UCFC Loan Trust 1997-B - Home Equity Loan Pass-Through Certificates
<TABLE>
<S> <C>
Pre-Funding Account: On the closing date, approximately $[53,000,000] and
$[97,000,000] will be deposited in pre-funding accounts for the
purchase of additional fixed- and floating-rate mortgage loans,
respectively. From the closing date until [September] 15, 1997,
the Trust intends to purchase mortgage loans up to the entire
pre-funding amounts. Funds remaining in either of the pre-funding
accounts that total less than $100,000 after this period will be
distributed to investors in the related Class A-1 and Class A-7
Certificates as prepayments on [September] 15, 1997. If the funds
remaining in either of the pre-funding accounts total greater
than $100,000 after this period, the funds will be distributed on
a pro-rata basis to the investors in the related Class A-1
through A-6 Certificates in the case of the fixed-rate prefunding
account and to the investors in the Class A-7 Certificates in the
case of the floating-rate prefunding account as a prepayment on
[September] 15, 1997. The additional mortgage loans will be
subject to certain aggregate group characteristics that will be
more fully described in the Prospectus Supplement.
Certificate Insurer: MBIA Insurance Corporation ("MBIA"). MBIA's claims-paying
ability is rated "AAA" by Standard & Poor's, "Aaa" by Moody's
Investors Service and "AAA" by Fitch Investors Service, Inc.
Certificate Insurance
Policy: The Certificate Insurance Policy will provide 100% coverage of
timely interest and ultimate principal payments due on the
Certificates.
Credit Enhancement: A combination of:
(i) the Certificate Insurance Policy from MBIA;
(ii) in the case of Certificate Group One, the use of Net
Excess Cashflow to create overcollateralization and in
the case of Certificate Group Two, the deposit of Excess
Interest into a Reserve Account; and
(iii) cross collateralization between the two Certificate Groups.*
Note: The initial deposit and required maintenance levels of
overcollateralization (in the case of Certificate Group One) and
the Reserve Account (in the case of Certificate
Group Two) will be sized by the surety provider.
* Any excess interest for Loan Group One that is not required to
make distributions to Certificate Group One will be available
to replenish the amounts on deposit in the Reserve Account to
the extent that such amounts are less than the required
amounts. Similarly, amounts on deposit in the Reserve Account
will be available to make certain distributions to Certificate
Group One to the entent the Available Funds for Loan Group One
are insufficient. However, amounts on deposit in the Reserve
Account will not be available to create overcollateralization
in Loan Group One.
Servicing Fee: 50 basis points per annum.
ERISA Considerations: [The Department of Labor has released a proposed relief for
certain mortgage-backed and asset-backed securities transactions
using pre-funding accounts for trusts issuing pass-through
certificates. The proposed amended relief is subject to public
comment for a forty-five day period which will expire on July 7,
1997. The amended relief, if approved in the form proposed, will
be effective retroactively for transactions occurring on or after
January 1, 1992, provided that certain conditions are met. For
transactions occurring during such comment period, it may be
possible to rely upon the proposed relief. Each plan fiduciary
should consult with counsel with respect to the use of
pre-funding in the transaction prior to investing in the
certificates.]
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.
</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: $90,000,000.00 DATED DATE: 06/27/97
CURRENT COUPON: TBD ucfc7bf FIRST PAYMENT: 07/15/97
FACTOR: 1.0000000000 TOTAL CLASSES: 9
ORIGINAL BALANCE: $90,000,000.00 BOND A1 DISCOUNT MARGIN ACT/360 TABLE YIELD TABLE DATE: 06/30/97
</TABLE>
ASSUMED CONSTANT LIBOR-1M 5.6875
PRICING SPEED
<TABLE>
<CAPTION>
25.0%/ 15.00%/ 18.00%/ 22.00%/ 28.00%/ 32.00%/ 35.00%/
PRICE 100 PPC 100 PPC 100 PPC 100 PPC 100 PPC 100 PPC 100 PPC
<S> <C> <C> <C> <C> <C> <C> <C>
99-28 25.201 21.042 22.373 24.033 26.313 27.715 28.715
99-28+ 23.423 19.785 20.949 22.401 24.396 25.622 26.497
99-29 21.645 18.527 19.525 20.770 22.479 23.530 24.279
99-29+ 19.868 17.271 18.102 19.139 20.562 21.438 22.062
99-30 18.091 16.014 16.679 17.508 18.646 19.346 19.845
99-30+ 16.314 14.758 15.256 15.877 16.731 17.255 17.629
99-31 14.538 13.502 13.833 14.247 14.815 15.165 15.414
99-31+ 12.762 12.246 12.411 12.617 12.900 13.074 13.198
100-00 10.987 10.991 10.989 10.988 10.986 10.984 10.983
100-00+ 9.212 9.735 9.568 9.359 9.072 8.895 8.769
100-01 7.437 8.481 8.147 7.730 7.158 6.806 6.555
100-01+ 5.663 7.226 6.726 6.102 5.245 4.718 4.342
100-02 3.889 5.972 5.305 4.474 3.332 2.630 2.129
First Payment 0.042 0.042 0.042 0.042 0.042 0.042 0.042
Average Life 0.897 1.291 1.132 0.982 0.830 0.758 0.714
Last Payment 1.708 2.542 2.208 1.875 1.542 1.375 1.292
Mod.Dur. @ 100-00 0.845 1.196 1.056 0.921 0.784 0.718 0.677
</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: $33,000,000.00 DATED DATE: 06/01/97
COUPON: TBD ucfc7b FIRST PAYMENT: 07/15/97
FACTOR: 1.0000000000 TOTAL CLASSES: 9
ORIGINAL BALANCE: $33,000,000.00 BOND A2 BE-YIELD TABLE YIELD TABLE DATE: 06/30/97
</TABLE>
PREPAYMENT SPEED
PRICING SPEED
<TABLE>
<CAPTION>
25.0%/ 15.00%/ 18.00%/ 22.00%/ 28.00%/ 32.00%/ 35.00%/
PRICE 100 PPC 100 PPC 100 PPC 100 PPC 100 PPC 100 PPC 100 PPC
<S> <C> <C> <C> <C> <C> <C> <C>
99-24 6.597 6.598 6.597 6.597 6.597 6.597 6.596
99-24+ 6.589 6.592 6.591 6.590 6.588 6.586 6.585
99-25 6.580 6.586 6.584 6.582 6.578 6.576 6.574
99-25+ 6.572 6.581 6.578 6.574 6.569 6.565 6.563
99-26 6.563 6.575 6.572 6.567 6.560 6.555 6.552
99-26+ 6.555 6.570 6.565 6.559 6.550 6.545 6.541
99-27 6.546 6.564 6.559 6.552 6.541 6.534 6.529
99-27+ 6.538 6.558 6.552 6.544 6.532 6.524 6.518
99-28 6.529 6.553 6.546 6.536 6.523 6.514 6.507
99-28+ 6.521 6.547 6.539 6.529 6.513 6.503 6.496
99-29 6.513 6.542 6.533 6.521 6.504 6.493 6.485
99-29+ 6.504 6.536 6.526 6.513 6.495 6.483 6.474
99-30 6.496 6.530 6.520 6.506 6.486 6.472 6.463
99-30+ 6.487 6.525 6.513 6.498 6.476 6.462 6.451
99-31 6.479 6.519 6.507 6.491 6.467 6.452 6.440
99-31+ 6.470 6.514 6.500 6.483 6.458 6.441 6.429
100-00 6.462 6.508 6.494 6.476 6.449 6.431 6.418
100-00+ 6.454 6.502 6.487 6.468 6.439 6.421 6.407
100-01 6.445 6.497 6.481 6.460 6.430 6.410 6.396
100-01+ 6.437 6.491 6.474 6.453 6.421 6.400 6.385
100-02 6.428 6.486 6.468 6.445 6.412 6.390 6.374
100-02+ 6.420 6.480 6.461 6.438 6.402 6.379 6.362
100-03 6.411 6.474 6.455 6.430 6.393 6.369 6.351
100-03+ 6.403 6.469 6.449 6.422 6.384 6.359 6.340
100-04 6.395 6.463 6.442 6.415 6.375 6.348 6.329
100-04+ 6.386 6.458 6.436 6.407 6.365 6.338 6.318
100-05 6.378 6.452 6.429 6.400 6.356 6.328 6.307
100-05+ 6.369 6.447 6.423 6.392 6.347 6.317 6.296
100-06 6.361 6.441 6.416 6.384 6.338 6.307 6.285
100-06+ 6.353 6.435 6.410 6.377 6.328 6.297 6.274
100-07 6.344 6.430 6.403 6.369 6.319 6.286 6.262
100-07+ 6.336 6.424 6.397 6.362 6.310 6.276 6.251
First Payment 1.708 2.542 2.208 1.875 1.542 1.375 1.292
Average Life 2.034 3.179 2.707 2.274 1.840 1.636 1.514
Last Payment 2.375 3.875 3.208 2.708 2.208 1.958 1.792
Mod.Dur. @ 100-00 1.845 2.779 2.402 2.047 1.680 1.504 1.397
</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: $45,000,000.00 DATED DATE: 06/01/97
COUPON: TBD ucfc7b FIRST PAYMENT: 07/15/97
FACTOR: 1.0000000000 TOTAL CLASSES: 9
ORIGINAL BALANCE: $45,000,000.00 BOND A3 BE-YIELD TABLE YIELD TABLE DATE: 06/30/97
</TABLE>
PREPAYMENT SPEED
PRICING SPEED
<TABLE>
<CAPTION>
25.0%/ 15.00%/ 18.00%/ 22.00%/ 28.00%/ 32.00%/ 35.00%/
PRICE 100 PPC 100 PPC 100 PPC 100 PPC 100 PPC 100 PPC 100 PPC
<S> <C> <C> <C> <C> <C> <C> <C>
99-24 6.750 6.751 6.750 6.750 6.749 6.749 6.748
99-24+ 6.744 6.747 6.746 6.745 6.743 6.741 6.740
99-25 6.738 6.743 6.742 6.740 6.736 6.734 6.733
99-25+ 6.732 6.740 6.737 6.734 6.730 6.727 6.725
99-26 6.726 6.736 6.733 6.729 6.724 6.720 6.717
99-26+ 6.721 6.732 6.729 6.724 6.717 6.713 6.709
99-27 6.715 6.728 6.724 6.719 6.711 6.705 6.701
99-27+ 6.709 6.725 6.720 6.714 6.704 6.698 6.693
99-28 6.703 6.721 6.716 6.709 6.698 6.691 6.685
99-28+ 6.697 6.717 6.711 6.703 6.692 6.684 6.678
99-29 6.692 6.713 6.707 6.698 6.685 6.676 6.670
99-29+ 6.686 6.710 6.703 6.693 6.679 6.669 6.662
99-30 6.680 6.706 6.698 6.688 6.672 6.662 6.654
99-30+ 6.674 6.702 6.694 6.683 6.666 6.655 6.646
99-31 6.669 6.698 6.690 6.678 6.660 6.647 6.638
99-31+ 6.663 6.695 6.685 6.672 6.653 6.640 6.630
100-00 6.657 6.691 6.681 6.667 6.647 6.633 6.623
100-00+ 6.651 6.687 6.677 6.662 6.640 6.626 6.615
100-01 6.645 6.683 6.672 6.657 6.634 6.619 6.607
100-01+ 6.640 6.680 6.668 6.652 6.628 6.611 6.599
100-02 6.634 6.676 6.664 6.647 6.621 6.604 6.591
100-02+ 6.628 6.672 6.659 6.642 6.615 6.597 6.583
100-03 6.622 6.668 6.655 6.636 6.608 6.590 6.576
100-03+ 6.617 6.665 6.651 6.631 6.602 6.582 6.568
100-04 6.611 6.661 6.646 6.626 6.596 6.575 6.560
100-04+ 6.605 6.657 6.642 6.621 6.589 6.568 6.552
100-05 6.599 6.653 6.637 6.616 6.583 6.561 6.544
100-05+ 6.594 6.650 6.633 6.611 6.576 6.554 6.536
100-06 6.588 6.646 6.629 6.605 6.570 6.546 6.529
100-06+ 6.582 6.642 6.624 6.600 6.564 6.539 6.521
100-07 6.576 6.638 6.620 6.595 6.557 6.532 6.513
100-07+ 6.570 6.635 6.616 6.590 6.551 6.525 6.505
First Payment 2.375 3.875 3.208 2.708 2.208 1.958 1.792
Average Life 3.078 5.066 4.256 3.495 2.750 2.408 2.201
Last Payment 3.958 6.625 5.458 4.458 3.458 2.958 2.708
Mod.Dur. @ 100-00 2.690 4.150 3.579 3.013 2.429 2.151 1.980
</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: $35,500,000.00 DATED DATE: 06/01/97
COUPON: TBD ucfc7b FIRST PAYMENT: 07/15/97
FACTOR: 1.0000000000 TOTAL CLASSES: 9
ORIGINAL BALANCE: $35,500,000.00 BOND A4 BE-YIELD TABLE YIELD TABLE DATE: 06/30/97
</TABLE>
PREPAYMENT SPEED
PRICING SPEED
<TABLE>
<CAPTION>
25.0%/ 15.00%/ 18.00%/ 22.00%/ 28.00%/ 32.00%/ 35.00%/
PRICE 100 PPC 100 PPC 100 PPC 100 PPC 100 PPC 100 PPC 100 PPC
<S> <C> <C> <C> <C> <C> <C> <C>
99-24 7.036 7.038 7.038 7.037 7.036 7.035 7.034
99-24+ 7.032 7.036 7.035 7.033 7.031 7.030 7.029
99-25 7.028 7.033 7.032 7.030 7.027 7.025 7.023
99-25+ 7.025 7.031 7.029 7.027 7.023 7.020 7.018
99-26 7.021 7.028 7.026 7.023 7.018 7.015 7.013
99-26+ 7.017 7.026 7.024 7.020 7.014 7.010 7.007
99-27 7.013 7.024 7.021 7.017 7.010 7.005 7.002
99-27+ 7.009 7.021 7.018 7.013 7.006 7.001 6.997
99-28 7.006 7.019 7.015 7.010 7.001 6.996 6.991
99-28+ 7.002 7.016 7.013 7.007 6.997 6.991 6.986
99-29 6.998 7.014 7.010 7.003 6.993 6.986 6.981
99-29+ 6.994 7.012 7.007 7.000 6.989 6.981 6.975
99-30 6.990 7.009 7.004 6.996 6.984 6.976 6.970
99-30+ 6.986 7.007 7.002 6.993 6.980 6.971 6.965
99-31 6.983 7.005 6.999 6.990 6.976 6.966 6.959
99-31+ 6.979 7.002 6.996 6.986 6.972 6.962 6.954
100-00 6.975 7.000 6.993 6.983 6.967 6.957 6.948
100-00+ 6.971 6.997 6.991 6.980 6.963 6.952 6.943
100-01 6.967 6.995 6.988 6.976 6.959 6.947 6.938
100-01+ 6.964 6.993 6.985 6.973 6.955 6.942 6.932
100-02 6.960 6.990 6.982 6.970 6.950 6.937 6.927
100-02+ 6.956 6.988 6.979 6.966 6.946 6.932 6.922
100-03 6.952 6.985 6.977 6.963 6.942 6.928 6.916
100-03+ 6.948 6.983 6.974 6.960 6.937 6.923 6.911
100-04 6.945 6.981 6.971 6.956 6.933 6.918 6.906
100-04+ 6.941 6.978 6.968 6.953 6.929 6.913 6.900
100-05 6.937 6.976 6.966 6.950 6.925 6.908 6.895
100-05+ 6.933 6.974 6.963 6.946 6.920 6.903 6.890
100-06 6.929 6.971 6.960 6.943 6.916 6.898 6.884
100-06+ 6.925 6.969 6.957 6.939 6.912 6.893 6.879
100-07 6.922 6.966 6.955 6.936 6.908 6.889 6.874
100-07+ 6.918 6.964 6.952 6.933 6.903 6.884 6.868
First Payment 3.958 6.625 5.458 4.458 3.458 2.958 2.708
Average Life 5.001 9.155 7.526 5.864 4.385 3.755 3.378
Last Payment 6.625 12.042 10.458 8.458 5.708 4.792 4.292
Mod.Dur. @ 100-00 4.073 6.512 5.628 4.635 3.647 3.190 2.907
</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: $21,500,000.00 DATED DATE: 06/01/97
COUPON: TBD ucfc7b FIRST PAYMENT: 07/15/97
FACTOR: 1.0000000000 TOTAL CLASSES: 9
ORIGINAL BALANCE: $21,500,000.00 BOND A5 BE-YIELD TABLE YIELD TABLE DATE: 06/30/97
</TABLE>
PREPAYMENT SPEED
****** TO MATURITY *****
PRICING SPEED
<TABLE>
<CAPTION>
25.0%/ 15.00%/ 18.00%/ 22.00%/ 28.00%/ 32.00%/ 35.00%/
PRICE 100 PPC 100 PPC 100 PPC 100 PPC 100 PPC 100 PPC 100 PPC
<S> <C> <C> <C> <C> <C> <C> <C>
99-24 7.381 7.382 7.382 7.382 7.381 7.380 7.379
99-24+ 7.379 7.381 7.380 7.380 7.378 7.377 7.376
99-25 7.377 7.379 7.378 7.377 7.376 7.374 7.372
99-25+ 7.374 7.377 7.376 7.375 7.373 7.371 7.369
99-26 7.372 7.375 7.374 7.373 7.370 7.368 7.366
99-26+ 7.370 7.373 7.372 7.371 7.368 7.365 7.362
99-27 7.367 7.372 7.371 7.369 7.365 7.362 7.359
99-27+ 7.365 7.370 7.369 7.367 7.363 7.359 7.355
99-28 7.363 7.368 7.367 7.365 7.360 7.356 7.352
99-28+ 7.360 7.366 7.365 7.363 7.358 7.353 7.349
99-29 7.358 7.364 7.363 7.361 7.355 7.350 7.345
99-29+ 7.356 7.363 7.361 7.358 7.353 7.347 7.342
99-30 7.354 7.361 7.359 7.356 7.350 7.344 7.339
99-30+ 7.351 7.359 7.357 7.354 7.347 7.341 7.335
99-31 7.349 7.357 7.355 7.352 7.345 7.338 7.332
99-31+ 7.347 7.355 7.353 7.350 7.342 7.335 7.329
100-00 7.344 7.354 7.351 7.348 7.340 7.332 7.325
100-00+ 7.342 7.352 7.350 7.346 7.337 7.329 7.322
100-01 7.340 7.350 7.348 7.344 7.335 7.326 7.319
100-01+ 7.338 7.348 7.346 7.342 7.332 7.323 7.315
100-02 7.335 7.347 7.344 7.340 7.330 7.320 7.312
100-02+ 7.333 7.345 7.342 7.337 7.327 7.317 7.308
100-03 7.331 7.343 7.340 7.335 7.324 7.314 7.305
100-03+ 7.328 7.341 7.338 7.333 7.322 7.311 7.302
100-04 7.326 7.339 7.336 7.331 7.319 7.308 7.298
100-04+ 7.324 7.338 7.334 7.329 7.317 7.305 7.295
100-05 7.321 7.336 7.332 7.327 7.314 7.302 7.292
100-05+ 7.319 7.334 7.331 7.325 7.312 7.299 7.288
100-06 7.317 7.332 7.329 7.323 7.309 7.296 7.285
100-06+ 7.315 7.330 7.327 7.321 7.307 7.293 7.282
100-07 7.312 7.329 7.325 7.319 7.304 7.291 7.278
100-07+ 7.310 7.327 7.323 7.316 7.301 7.288 7.275
First Payment 6.625 12.042 10.458 8.458 5.708 4.792 4.292
Average Life 9.940 14.770 13.194 11.310 8.604 7.034 6.025
Last Payment 15.375 21.708 19.292 17.042 14.042 12.708 11.625
Mod.Dur. @ 100-00 6.759 8.691 8.140 7.387 6.082 5.221 4.632
</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: $21,500,000.00 DATED DATE: 06/01/97
COUPON: TBD ucfc7b FIRST PAYMENT: 07/15/97
FACTOR: 1.0000000000 TOTAL CLASSES: 9
ORIGINAL BALANCE: $21,500,000.00 BOND A5 BE-YIELD TABLE YIELD TABLE DATE: 06/30/97
</TABLE>
PREPAYMENT SPEED
****** TO CALL *****
PRICING SPEED
<TABLE>
<CAPTION>
25.0%/ 15.00%/ 18.00%/ 22.00%/ 28.00%/ 32.00%/ 35.00%/
PRICE 100 PPC 100 PPC 100 PPC 100 PPC 100 PPC 100 PPC 100 PPC
<S> <C> <C> <C> <C> <C> <C> <C>
99-22 7.392 7.391 7.391 7.391 7.392 7.392 7.393
99-22+ 7.389 7.388 7.388 7.389 7.389 7.389 7.389
99-23 7.386 7.386 7.386 7.386 7.386 7.386 7.386
99-23+ 7.383 7.383 7.383 7.383 7.383 7.382 7.382
99-24 7.380 7.381 7.381 7.380 7.380 7.379 7.378
99-24+ 7.377 7.379 7.378 7.377 7.376 7.376 7.375
99-25 7.374 7.376 7.375 7.375 7.373 7.372 7.371
99-25+ 7.371 7.374 7.373 7.372 7.370 7.369 7.367
99-26 7.368 7.371 7.370 7.369 7.367 7.365 7.364
99-26+ 7.365 7.369 7.368 7.366 7.364 7.362 7.360
99-27 7.362 7.366 7.365 7.364 7.361 7.359 7.356
99-27+ 7.360 7.364 7.362 7.361 7.358 7.355 7.353
99-28 7.357 7.361 7.360 7.358 7.355 7.352 7.349
99-28+ 7.354 7.359 7.357 7.355 7.352 7.349 7.346
99-29 7.351 7.357 7.355 7.352 7.349 7.345 7.342
99-29+ 7.348 7.354 7.352 7.350 7.346 7.342 7.338
99-30 7.345 7.352 7.350 7.347 7.343 7.338 7.335
99-30+ 7.342 7.349 7.347 7.344 7.339 7.335 7.331
99-31 7.339 7.347 7.344 7.341 7.336 7.332 7.327
99-31+ 7.336 7.344 7.342 7.339 7.333 7.328 7.324
100-00 7.333 7.342 7.339 7.336 7.330 7.325 7.320
100-00+ 7.330 7.340 7.337 7.333 7.327 7.322 7.316
100-01 7.328 7.337 7.334 7.330 7.324 7.318 7.313
100-01+ 7.325 7.335 7.331 7.328 7.321 7.315 7.309
100-02 7.322 7.332 7.329 7.325 7.318 7.311 7.305
100-02+ 7.319 7.330 7.326 7.322 7.315 7.308 7.302
100-03 7.316 7.328 7.324 7.319 7.312 7.305 7.298
100-03+ 7.313 7.325 7.321 7.316 7.309 7.301 7.295
100-04 7.310 7.323 7.319 7.314 7.306 7.298 7.291
100-04+ 7.307 7.320 7.316 7.311 7.303 7.295 7.287
100-05 7.304 7.318 7.313 7.308 7.299 7.291 7.284
100-05+ 7.301 7.315 7.311 7.305 7.296 7.288 7.280
First Payment 6.625 9.042 8.292 7.542 5.708 4.792 4.292
Average Life 7.085 9.042 8.292 7.542 6.579 5.873 5.352
Last Payment 7.125 9.042 8.292 7.542 6.792 6.458 6.292
Mod.Dur. @ 99-30 5.345 6.399 6.013 5.605 5.046 4.606 4.267
</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: $25,000,000.00 DATED DATE: 06/01/97
COUPON: TBD ucfc7b FIRST PAYMENT: 07/15/97
FACTOR: 1.0000000000 TOTAL CLASSES: 9
ORIGINAL BALANCE: $25,000,000.00 BOND A6 BE-YIELD TABLE YIELD TABLE DATE: 06/30/97
</TABLE>
PREPAYMENT SPEED
****** TO MATURITY *****
PRICING SPEED
<TABLE>
<CAPTION>
25.0%/ 15.00%/ 18.00%/ 22.00%/ 28.00%/ 32.00%/ 35.00%/
PRICE 100 PPC 100 PPC 100 PPC 100 PPC 100 PPC 100 PPC 100 PPC
<S> <C> <C> <C> <C> <C> <C> <C>
99-24 6.976 6.976 6.976 6.976 6.976 6.976 6.975
99-24+ 6.973 6.973 6.973 6.973 6.972 6.972 6.972
99-25 6.969 6.970 6.970 6.970 6.969 6.969 6.969
99-25+ 6.966 6.967 6.967 6.966 6.966 6.965 6.965
99-26 6.963 6.964 6.964 6.963 6.963 6.962 6.962
99-26+ 6.960 6.962 6.961 6.960 6.959 6.959 6.958
99-27 6.957 6.959 6.958 6.957 6.956 6.955 6.955
99-27+ 6.953 6.956 6.955 6.954 6.953 6.952 6.951
99-28 6.950 6.953 6.952 6.951 6.949 6.949 6.948
99-28+ 6.947 6.950 6.949 6.948 6.946 6.945 6.945
99-29 6.944 6.947 6.946 6.945 6.943 6.942 6.941
99-29+ 6.941 6.944 6.943 6.942 6.940 6.939 6.938
99-30 6.937 6.941 6.940 6.939 6.936 6.935 6.934
99-30+ 6.934 6.938 6.937 6.935 6.933 6.932 6.931
99-31 6.931 6.936 6.934 6.932 6.930 6.929 6.928
99-31+ 6.928 6.933 6.931 6.929 6.927 6.925 6.924
100-00 6.925 6.930 6.928 6.926 6.923 6.922 6.921
100-00+ 6.922 6.927 6.925 6.923 6.920 6.919 6.917
100-01 6.918 6.924 6.922 6.920 6.917 6.915 6.914
100-01+ 6.915 6.921 6.919 6.917 6.914 6.912 6.911
100-02 6.912 6.918 6.916 6.914 6.910 6.908 6.907
100-02+ 6.909 6.915 6.913 6.911 6.907 6.905 6.904
100-03 6.906 6.912 6.910 6.908 6.904 6.902 6.900
100-03+ 6.902 6.910 6.907 6.904 6.901 6.898 6.897
100-04 6.899 6.907 6.904 6.901 6.897 6.895 6.893
100-04+ 6.896 6.904 6.901 6.898 6.894 6.892 6.890
100-05 6.893 6.901 6.898 6.895 6.891 6.888 6.887
100-05+ 6.890 6.898 6.895 6.892 6.888 6.885 6.883
100-06 6.887 6.895 6.892 6.889 6.884 6.882 6.880
100-06+ 6.883 6.892 6.889 6.886 6.881 6.878 6.876
100-07 6.880 6.889 6.886 6.883 6.878 6.875 6.873
100-07+ 6.877 6.887 6.883 6.880 6.875 6.872 6.870
First Payment 3.042 3.042 3.042 3.042 3.042 3.042 3.042
Average Life 6.305 7.155 6.852 6.521 6.120 5.914 5.775
Last Payment 15.208 21.458 19.125 16.875 13.875 12.542 11.458
Mod.Dur. @ 100-00 4.885 5.381 5.208 5.014 4.772 4.642 4.553
</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: $25,000,000.00 DATED DATE: 06/01/97
COUPON: TBD ucfc7b FIRST PAYMENT: 07/15/97
FACTOR: 1.0000000000 TOTAL CLASSES: 9
ORIGINAL BALANCE: $25,000,000.00 BOND A6 BE-YIELD TABLE YIELD TABLE DATE: 06/30/97
</TABLE>
PREPAYMENT SPEED
****** TO CALL *****
PRICING SPEED
<TABLE>
<CAPTION>
25.0%/ 15.00%/ 18.00%/ 22.00%/ 28.00%/ 32.00%/ 35.00%/
PRICE 100 PPC 100 PPC 100 PPC 100 PPC 100 PPC 100 PPC 100 PPC
<S> <C> <C> <C> <C> <C> <C> <C>
99-24 6.976 6.976 6.976 6.976 6.975 6.975 6.975
99-24+ 6.972 6.973 6.973 6.972 6.972 6.972 6.972
99-25 6.969 6.970 6.970 6.969 6.969 6.968 6.968
99-25+ 6.966 6.967 6.967 6.966 6.965 6.965 6.964
99-26 6.962 6.964 6.964 6.963 6.962 6.961 6.961
99-26+ 6.959 6.961 6.961 6.960 6.958 6.957 6.957
99-27 6.956 6.958 6.957 6.956 6.955 6.954 6.953
99-27+ 6.952 6.955 6.954 6.953 6.951 6.950 6.950
99-28 6.949 6.952 6.951 6.950 6.948 6.947 6.946
99-28+ 6.946 6.949 6.948 6.947 6.945 6.943 6.942
99-29 6.942 6.946 6.945 6.944 6.941 6.940 6.939
99-29+ 6.939 6.944 6.942 6.940 6.938 6.936 6.935
99-30 6.936 6.941 6.939 6.937 6.934 6.933 6.932
99-30+ 6.932 6.938 6.936 6.934 6.931 6.929 6.928
99-31 6.929 6.935 6.933 6.931 6.927 6.926 6.924
99-31+ 6.926 6.932 6.930 6.928 6.924 6.922 6.921
100-00 6.922 6.929 6.927 6.924 6.921 6.918 6.917
100-00+ 6.919 6.926 6.924 6.921 6.917 6.915 6.913
100-01 6.916 6.923 6.921 6.918 6.914 6.911 6.910
100-01+ 6.913 6.920 6.918 6.915 6.910 6.908 6.906
100-02 6.909 6.917 6.915 6.912 6.907 6.904 6.903
100-02+ 6.906 6.914 6.912 6.908 6.904 6.901 6.899
100-03 6.903 6.911 6.908 6.905 6.900 6.897 6.895
100-03+ 6.899 6.908 6.905 6.902 6.897 6.894 6.892
100-04 6.896 6.905 6.902 6.899 6.893 6.890 6.888
100-04+ 6.893 6.902 6.899 6.896 6.890 6.887 6.884
100-05 6.889 6.899 6.896 6.892 6.886 6.883 6.881
100-05+ 6.886 6.896 6.893 6.889 6.883 6.879 6.877
100-06 6.883 6.893 6.890 6.886 6.880 6.876 6.874
100-06+ 6.879 6.891 6.887 6.883 6.876 6.872 6.870
100-07 6.876 6.888 6.884 6.880 6.873 6.869 6.866
100-07+ 6.873 6.885 6.881 6.876 6.869 6.865 6.863
First Payment 3.042 3.042 3.042 3.042 3.042 3.042 3.042
Average Life 5.960 6.936 6.601 6.219 5.723 5.469 5.322
Last Payment 7.125 9.042 8.292 7.542 6.792 6.458 6.292
Mod.Dur. @ 100-00 4.692 5.276 5.080 4.851 4.543 4.380 4.284
</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: 06/27/97
CURRENT COUPON: TBD ucfc7b FIRST PAYMENT: 07/15/97
FACTOR: 1.0000000000 TOTAL CLASSES: 9
ORIGINAL BALANCE: $350,000,000.00 BOND A7 DISCOUNT MARGIN ACT/360 TABLE YIELD TABLE DATE: 06/30/97
</TABLE>
ASSUMED CONSTANT LIBOR-1M 5.6875
****** TO CALL *****
PRICING SPEED
<TABLE>
<CAPTION>
25.0%/ 25.00%/ 25.00%/ 25.00%/ 25.00%/ 25.00%/ 25.00%/
PRICE 100PPC 50PPC 75PPC 125PPC 150PPC 175PPC 200PPC
<S> <C> <C> <C> <C> <C> <C> <C>
99-24 33.902 30.609 32.309 35.439 36.993 38.561 40.197
99-24+ 33.345 30.258 31.851 34.785 36.242 37.712 39.245
99-25 32.787 29.906 31.393 34.132 35.490 36.862 38.293
99-25+ 32.230 29.555 30.936 33.478 34.740 36.013 37.341
99-26 31.672 29.204 30.478 32.824 33.989 35.164 36.390
99-26+ 31.115 28.853 30.021 32.171 33.238 34.315 35.439
99-27 30.558 28.502 29.563 31.518 32.488 33.467 34.488
99-27+ 30.001 28.151 29.106 30.865 31.738 32.619 33.537
99-28 29.445 27.800 28.649 30.212 30.988 31.770 32.587
99-28+ 28.888 27.450 28.192 29.559 30.238 30.923 31.637
99-29 28.332 27.099 27.735 28.907 29.488 30.075 30.687
99-29+ 27.775 26.749 27.279 28.254 28.739 29.227 29.737
99-30 27.219 26.398 26.822 27.602 27.989 28.380 28.788
99-30+ 26.663 26.048 26.365 26.950 27.240 27.533 27.839
99-31 26.107 25.698 25.909 26.298 26.491 26.686 26.890
99-31+ 25.551 25.347 25.453 25.646 25.743 25.840 25.941
100-00 24.996 24.997 24.996 24.995 24.994 24.993 24.993
100-00+ 24.440 24.647 24.540 24.343 24.246 24.147 24.044
100-01 23.885 24.297 24.084 23.692 23.498 23.301 23.096
100-01+ 23.330 23.947 23.628 23.041 22.750 22.455 22.149
100-02 22.774 23.598 23.173 22.390 22.002 21.610 21.201
100-02+ 22.219 23.248 22.717 21.739 21.254 20.765 20.254
100-03 21.665 22.898 22.261 21.089 20.507 19.919 19.307
100-03+ 21.110 22.549 21.806 20.438 19.760 19.075 18.360
100-04 20.555 22.200 21.351 19.788 19.013 18.230 17.414
100-04+ 20.001 21.850 20.896 19.138 18.266 17.385 16.467
100-05 19.447 21.501 20.440 18.488 17.519 16.541 15.521
100-05+ 18.892 21.152 19.985 17.838 16.772 15.697 14.575
100-06 18.338 20.803 19.530 17.188 16.026 14.853 13.630
100-06+ 17.784 20.454 19.076 16.539 15.280 14.009 12.685
100-07 17.231 20.105 18.621 15.889 14.534 13.166 11.739
100-07+ 16.677 19.756 18.166 15.240 13.788 12.323 10.795
First Payment 0.042 0.042 0.042 0.042 0.042 0.042 0.042
Average Life 3.169 5.486 3.979 2.651 2.275 1.991 1.761
Last Payment 7.125 11.125 8.458 6.375 5.792 5.458 5.208
Mod.Dur. @ 100-00 2.701 4.287 3.290 2.303 2.005 1.773 1.582
</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>
- --------------------------------------------------------------------------------
- UCFC7B
- Cut Off Date of Tape is 6/16/97
- FIXED-RATE COLLATERAL
- $196,383,262.77
- Mortgage Summary Report
- --------------------------------------------------------------------------------
Number of Mortgage Loans: 4,518
Aggregate Unpaid Principal Balance: $196,383,262.77
Aggregate Original Principal Balance: $196,667,810.61
Weighted Average Gross Coupon: 11.868%
Gross Coupon Range: 8.900% - 18.900%
- --------------------------------------------------------------------------------
Average Unpaid Principal Balance: $43,466.86
Average Original Principal Balance: $43,529.84
Maximum Unpaid Principal Balance: $425,229.57
Minimum Unpaid Principal Balance: $5,172.13
Maximum Original Principal Balance: $430,000.00
Minimum Original Principal Balance: $5,300.00
Weighted Avg. Stated Rem. Term (PTD to Mat Date): 241.478
Stated Rem Term Range: 48.000 - 360.000
Weighted Avg. Amortized Rem. Term: 257.270
Amortized Rem Term Range: 47.998 - 360.092
Weighted Average Age : 1.053
Age Range: 0.000 - 178.000
Weighted Average Original Term: 242.531
Original Term Range: 48.000 - 360.000
Weighted Average Combined LTV: 77.402
Combined LTV Range: 9.600% - 100.000%
- --------------------------------------------------------------------------------
LARGEST ZIP CODE CONCENTRATION FOR FIX LOANS
ZIP # OF LOANS BALANCE %
06497 3 712,361.48 0.36%
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-B - Home Equity Loan Pass-Through Certificates
GEOGRAPHICAL DISTRIBUTION OF MORTGAGED PROPERTIES
- --------------------------------------------------------------------------------
<TABLE>
<CAPTION>
Aggregate Percent of
Unpaid Aggregate
Number of Percent of Principal Principal
State Loans Loan Count Balance Balance
<S> <C> <C> <C> <C>
Alabama 43 0.95% 2,535,204.15 1.29
Arizona 28 0.62% 1,216,108.01 0.62
Arkansas 124 2.74% 5,319,856.69 2.71
California 92 2.04% 5,223,962.86 2.66
Colorado 19 0.42% 716,194.05 0.36
Connecticut 31 0.69% 2,106,337.67 1.07
Delaware 9 0.20% 435,633.87 0.22
Dist of Col 4 0.09% 259,160.58 0.13
Florida 426 9.43% 21,027,516.28 10.71
Georgia 163 3.61% 7,809,575.62 3.98
Idaho 7 0.15% 402,791.87 0.21
Illinois 96 2.12% 3,825,861.86 1.95
Indiana 208 4.60% 7,467,750.43 3.80
Iowa 27 0.60% 929,481.67 0.47
Kentucky 93 2.06% 3,296,277.96 1.68
Louisiana 546 12.08% 21,002,577.44 10.69
Maine 26 0.58% 1,054,538.94 0.54
Maryland 54 1.20% 3,502,329.19 1.78
Massachsetts 28 0.62% 1,120,230.03 0.57
Michigan 290 6.42% 9,513,754.55 4.84
Minnesota 11 0.24% 443,638.27 0.23
Mississippi 307 6.80% 12,160,425.12 6.19
Missouri 88 1.95% 3,587,076.24 1.83
Nebraska 11 0.24% 240,395.14 0.12
Nevada 5 0.11% 322,697.70 0.16
New Hampshire 24 0.53% 887,934.65 0.45
New Jersey 71 1.57% 5,759,642.75 2.93
New Mexico 18 0.40% 813,503.47 0.41
New York 183 4.05% 8,122,419.74 4.14
North Carolina 251 5.56% 10,900,074.84 5.55
Ohio 278 6.15% 11,875,774.65 6.05
Oklahoma 125 2.77% 4,086,423.70 2.08
Oregon 2 0.04% 112,646.61 0.06
Pennsylvania 261 5.78% 10,598,669.89 5.40
Rhode Island 11 0.24% 360,590.43 0.18
South Carolina 150 3.32% 6,756,133.14 3.44
Tennessee 202 4.47% 10,145,369.20 5.17
Texas 14 0.31% 1,072,031.94 0.55
Utah 12 0.27% 843,917.21 0.43
Vermont 17 0.38% 1,549,165.92 0.79
Virginia 48 1.06% 2,374,210.48 1.21
Washington 11 0.24% 572,428.82 0.29
West Virginia 49 1.08% 2,003,264.15 1.02
Wisconsin 54 1.20% 1,917,776.84 0.98
Wyoming 1 0.02% 111,908.15 0.06
- -------------------------------------------------------------------------------------
Total................... 4,518 100.00% 196,383,262.77 100.00%
=====================================================================================
</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-B - Home Equity Loan Pass-Through Certificates
COMBINED LOAN-TO-VALUE RATIOS
- --------------------------------------------------------------------------------
<TABLE>
<CAPTION>
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 CLTV Less than or equal to 10.000 2 .04 37,400.00 0.02
10.000 Less than CLTV Less than or equal to 15.000 18 .40 214,394.45 0.11
15.000 Less than CLTV Less than or equal to 20.000 16 .35 298,066.34 0.15
20.000 Less than CLTV Less than or equal to 25.000 20 .44 445,312.14 0.23
25.000 Less than CLTV Less than or equal to 30.000 51 1.13 1,062,624.83 0.54
30.000 Less than CLTV Less than or equal to 35.000 54 1.20 1,374,753.58 0.70
35.000 Less than CLTV Less than or equal to 40.000 63 1.39 1,273,668.26 0.65
40.000 Less than CLTV Less than or equal to 45.000 90 1.99 2,336,385.86 1.19
45.000 Less than CLTV Less than or equal to 50.000 124 2.74 3,714,150.97 1.89
50.000 Less than CLTV Less than or equal to 55.000 144 3.19 5,047,397.76 2.57
55.000 Less than CLTV Less than or equal to 60.000 162 3.59 4,873,892.03 2.48
60.000 Less than CLTV Less than or equal to 65.000 227 5.02 8,011,948.16 4.08
65.000 Less than CLTV Less than or equal to 70.000 342 7.57 13,601,126.10 6.93
70.000 Less than CLTV Less than or equal to 75.000 508 11.24 22,404,407.14 11.41
75.000 Less than CLTV Less than or equal to 80.000 1112 24.61 58,207,064.56 29.64
80.000 Less than CLTV Less than or equal to 85.000 524 11.60 22,213,649.86 11.31
85.000 Less than CLTV Less than or equal to 90.000 505 11.18 27,428,143.24 13.97
90.000 Less than CLTV Less than or equal to 95.000 234 5.18 10,041,570.83 5.11
95.000 Less than CLTV Less than or equal to 100.000 322 7.13 13,797,306.66 7.03
- --------------------------------------------------------------------------------------------------------------
Total............................................... 4,518 100.00% 196,383,262.77 100.00%
==============================================================================================================
</TABLE>
GROSS COUPON
<TABLE>
<CAPTION>
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Percent of Principal Principal
Gross Coupon Loans Loan Count Balance Balance
<S> <C> <C> <C> <C>
8.50% Less than Gross Cpn Less than or equal to 9.00% 5 .11 760,601.94 .39
9.00% Less than Gross Cpn Less than or equal to 9.50% 10 .22 630,197.86 .32
9.50% Less than Gross Cpn Less than or equal to 10.00% 178 3.94 7,396,149.87 3.77
10.00% Less than Gross Cpn Less than or equal to 10.50% 253 5.60 15,017,084.53 7.65
10.50% Less than Gross Cpn Less than or equal to 11.00% 492 10.89 26,290,495.89 13.39
11.00% Less than Gross Cpn Less than or equal to 11.50% 601 13.30 30,095,178.67 15.32
11.50% Less than Gross Cpn Less than or equal to 12.00% 793 17.55 36,099,903.81 18.38
12.00% Less than Gross Cpn Less than or equal to 12.50% 822 18.19 33,086,966.80 16.85
12.50% Less than Gross Cpn Less than or equal to 13.00% 452 10.00 17,574,061.42 8.95
13.00% Less than Gross Cpn Less than or equal to 13.50% 604 13.37 19,022,361.14 9.69
13.50% Less than Gross Cpn Less than or equal to 14.00% 126 2.79 5,070,088.45 2.58
14.00% Less than Gross Cpn Less than or equal to 14.50% 111 2.46 3,024,466.90 1.54
14.50% Less than Gross Cpn Less than or equal to 15.00% 24 .53 675,232.63 .34
15.00% Less than Gross Cpn Less than or equal to 15.50% 31 .69 1,173,987.53 .60
15.50% Less than Gross Cpn Less than or equal to 16.00% 15 .33 382,000.00 .19
18.50% Less than Gross Cpn Less than or equal to 19.00% 1 .02 84,485.33 .04
- --------------------------------------------------------------------------------------------------------------
Total.................................................. 4,518 100.00 196,383,262.77 100.00
==============================================================================================================
</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-B - Home Equity Loan Pass-Through Certificates
Distribution of Outstanding Loan Balances as of the Cut-Off Date
- --------------------------------------------------------------------------------
<TABLE>
<CAPTION>
Aggregate Unpaid % of Aggr
Percent of Loan Balance Unpaid Loan
Range of Number of Number As of the Balance as of
Loan Balances Loans of Loans Cut-Off Date the Cut-Off Date
<S> <C> <C> <C> <C>
0 Less than Balance Less than or equal to 50,000 3261 72.18 93,845,909.78 47.79
50,000 Less than Balance Less than or equal to 100,000 1007 22.29 66,546,408.94 33.89
100,000 Less than Balance Less than or equal to 150,000 179 3.96 21,307,853.60 10.85
150,000 Less than Balance Less than or equal to 200,000 39 .86 6,487,408.67 3.30
200,000 Less than Balance Less than or equal to 250,000 19 .42 4,210,799.60 2.14
250,000 Less than Balance Less than or equal to 300,000 8 .18 2,227,862.37 1.13
300,000 Less than Balance Less than or equal to 350,000 2 .04 615,910.73 0.31
350,000 Less than Balance Less than or equal to 400,000 2 .04 715,879.51 0.36
400,000 Less than Balance Less than or equal to 450,000 1 .02 425,229.57 0.22
- ----------------------------------------------------------------------------------------------------------------
Total..................................................... 4518 100.00% 196,383,262.77 100.00%
================================================================================================================
</TABLE>
LIEN STATUS AND OWNER OCCUPANCY
- --------------------------------------------------------------------------------
<TABLE>
<CAPTION>
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 3,570 79.02 168,208,025.02 85.65
Non-Owner Occupied, 1st Mtg 398 8.81 13,801,388.07 7.03
Second Home, 1st Mtg 5 .11 567,528.70 0.29
Owner Occupied, 2nd Mtg 532 11.78 12,839,332.51 6.54
Multiple Properties, 1st Mtgs 13 .29 966,988.47 0.49
- -------------------------------------------------------------------------------------
Total.................. 4,518 100.00% 196,383,262.77 100.00%
=====================================================================================
</TABLE>
AGE IN MONTHS
- --------------------------------------------------------------------------------
<TABLE>
<CAPTION>
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 4,465 98.83 193,811,653.43 98.69
6 Less than Age Less than or equal to 12 16 .35 841,196.42 .43
12 Less than Age Less than or equal to 18 7 .15 432,924.08 .22
18 Less than Age Less than or equal to 24 9 .20 448,024.88 .23
24 Less than Age Less than or equal to 30 4 .09 275,946.59 .14
30 Less than Age Less than or equal to 36 6 .13 150,807.11 .08
36 Less than Age Less than or equal to 42 2 .04 99,159.05 .05
42 Less than Age Less than or equal to 48 1 .02 37,399.18 .02
48 Less than Age Less than or equal to 54 1 .02 34,111.25 .02
54 Less than Age Less than or equal to 60 1 .02 27,917.83 .01
60 Less than Age Less than or equal to 66 2 .04 40,421.07 .02
72 Less than Age Less than or equal to 78 1 .02 48,747.94 .02
132 Less than Age Less than or equal to 144 1 .02 57,499.14 .03
156 Less than Age Less than or equal to 168 1 .02 22,544.77 .01
168 Less than Age Less than or equal to 180 1 .02 54,910.03 .03
- --------------------------------------------------------------------------------------------------------------
Total.................... 4,518 100.00% 196,383,262.77 100.00%
==============================================================================================================
</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-B - Home Equity Loan Pass-Through Certificates
PROPERTY TYPE
- --------------------------------------------------------------------------------
<TABLE>
<CAPTION>
Aggregate Percent of
Unpaid Aggregate
Number of Percent of Principal Principal
Loans Loan Count Balance Balance
<S> <C> <C> <C> <C>
Deminimus PUD 3 .07 212,900.00 0.11
Duplex 179 3.96 6,934,069.94 3.53
Triplex 20 .44 1,125,290.74 0.57
Fourplex or Quadplex 17 .38 1,047,328.13 0.53
Rowhouse 131 2.90 4,221,161.27 2.15
Modular Housing 17 .38 893,437.10 0.45
Manufactured Housing 6 .13 306,125.64 0.16
Manuf Hsg Perm/Land 344 7.61 12,632,540.19 6.43
Semi Detached 16 .35 589,600.28 0.30
PUD 7 .15 783,788.62 0.40
Townhouses 30 .66 1,381,753.94 0.70
Condominiums 85 1.88 3,777,858.12 1.92
Single Family Detached 3,663 81.08 162,477,408.80 82.73
- -------------------------------------------------------------------------------------
Total............... 4,518 100.00% 196,383,262.77 100.00%
=====================================================================================
</TABLE>
REMAINING TERM
- --------------------------------------------------------------------------------
<TABLE>
<CAPTION>
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 3 .07 40,900.00 .02
48 Less than Rem Term Less than or equal to 60 101 2.24 2,172,025.35 1.11
60 Less than Rem Term Less than or equal to 72 7 .15 109,598.15 .06
72 Less than Rem Term Less than or equal to 84 43 .95 862,566.11 .44
84 Less than Rem Term Less than or equal to 96 16 .35 284,220.18 .14
96 Less than Rem Term Less than or equal to 108 4 .09 88,099.29 .04
108 Less than Rem Term Less than or equal to 120 540 11.95 13,486,995.08 6.87
120 Less than Rem Term Less than or equal to 132 4 .09 104,729.08 .05
132 Less than Rem Term Less than or equal to 144 119 2.63 3,370,515.09 1.72
144 Less than Rem Term Less than or equal to 156 10 .22 307,060.22 .16
156 Less than Rem Term Less than or equal to 168 5 .11 233,189.21 .12
168 Less than Rem Term Less than or equal to 180 2,036 45.06 78,242,036.87 39.84
180 Less than Rem Term Less than or equal to 192 1 .02 54,910.03 .03
192 Less than Rem Term Less than or equal to 204 1 .02 37,399.18 .02
204 Less than Rem Term Less than or equal to 216 1 .02 23,258.82 .01
216 Less than Rem Term Less than or equal to 228 1 .02 57,499.14 .03
228 Less than Rem Term Less than or equal to 240 649 14.36 31,285,465.01 15.93
288 Less than Rem Term Less than or equal to 300 48 1.06 2,043,632.46 1.04
324 Less than Rem Term Less than or equal to 336 2 .04 181,434.67 .09
336 Less than Rem Term Less than or equal to 348 5 .11 506,578.74 .26
348 Less than Rem Term Less than or equal to 360 922 20.41 62,891,150.09 32.02
- --------------------------------------------------------------------------------------------------------------
Total.................... 4,518 100.00% 196,383,262.77 100.00%
==============================================================================================================
</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-B - Home Equity Loan Pass-Through Certificates
- --------------------------------------------------------------------------------
- UCFC7B
- Cut Off Date of Tape is 6/16/97
- ARM
- $225,822,372.55
- --------------------------------------------------------------------------------
<TABLE>
<S> <C>
Number of Mortgage Loans: 2,774
Aggregate Unpaid Principal Balance: $225,822,372.55
Aggregate Original Principal Balance: $226,013,490.71
- --------------------------------------------------------------------------------
Weighted Average Coupon (Gross): 10.346%
Gross Coupon Range: 7.500% - 13.975%
Weighted Average Margin (Gross): 5.121%
Gross Margin Range: 3.490% - 9.990%
Weighted Average Life Cap (Gross): 16.345%
Gross Life Cap Range: 13.400% - 20.975%
Weighted Average Life Floor (Gross): 8.977%
Gross Life Floor Range: 4.625% - 12.990%
- --------------------------------------------------------------------------------
Average Unpaid Principal Balance: $81,406.77
Average Original Principal Balance: $81,475.66
Maximum Unpaid Principal Balance: $508,000.00
Minimum Unpaid Principal Balance: $7,962.23
Maximum Original Principal Balance: $508,000.00
Minimum Original Principal Balance: $8,000.00
Weighted Avg. Stated Rem. Term (PTD to Mat Date): 351.400
Stated Rem Term Range: 60.000 - 360.000
Weighted Avg. Amortized Rem. Term: 351.395
Amortized Rem Term Range: 60.000 - 360.068
Weighted Average Age (First Pay thru Paid Thru): 1.444
Age Range: 0.000 - 184.000
Weighted Average Original Term: 352.844
Original Term Range: 60.000 - 360.000
Weighted Average Combined LTV: 84.162
Combined LTV Range: 15.600% - 100.000%
Weighted Average Periodic Interest Cap: 1.003%
Periodic Interest Cap Range: 1.000% - 2.000%
Weighted Average Months to Interest Roll: 29.133 * calculated from 6/97 to next rolldate
Months to Interest Roll Range: 1 - 38
Weighted Average Interest Roll Frequency: 6.019
Interest Frequency Range: 6 - 12
Lien Status 100% First Lien
</TABLE>
- --------------------------------------------------------------------------------
LARGEST ZIP CODE CONCENTRATION FOR ARM LOANS
ZIP # OF LOANS BALANCE %
91301 3 795,547.13 0.35%
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-B - Home Equity Loan Pass-Through Certificates
GEOGRAPHICAL DISTRIBUTION OF MORTGAGED PROPERTIES
- --------------------------------------------------------------------------------
<TABLE>
<CAPTION>
Aggregate Percent of
Unpaid Aggregate
Number of Percent of Principal Principal
State Loans Loan Count Balance Balance
<S> <C> <C> <C> <C>
Alabama 7 0.25% 829,491.01 0.37
Arizona 41 1.48% 3,973,982.43 1.76
Arkansas 35 1.26% 2,662,094.76 1.18
California 283 10.20% 45,695,289.64 20.24
Colorado 76 2.74% 7,128,784.72 3.16
Connecticut 22 0.79% 2,478,570.53 1.10
Delaware 6 0.22% 418,176.79 0.19
Dist of Col 4 0.14% 512,840.77 0.23
Florida 64 2.31% 4,480,432.41 1.98
Georgia 55 1.98% 3,530,836.21 1.56
Idaho 24 0.87% 2,232,247.13 0.99
Illinois 106 3.82% 7,045,548.18 3.12
Indiana 187 6.74% 10,163,887.64 4.50
Iowa 44 1.59% 2,443,062.43 1.08
Kentucky 77 2.78% 5,133,926.32 2.27
Louisiana 122 4.40% 7,937,429.02 3.51
Maine 49 1.77% 3,345,659.91 1.48
Maryland 10 0.36% 1,132,911.04 0.50
Massachsetts 30 1.08% 3,034,603.15 1.34
Michigan 197 7.10% 12,497,832.58 5.53
Minnesota 20 0.72% 1,573,193.69 0.70
Mississippi 79 2.85% 4,956,241.93 2.19
Missouri 51 1.84% 3,154,862.78 1.40
Nebraska 16 0.58% 682,284.74 0.30
Nevada 5 0.18% 513,340.83 0.23
New Hampshire 31 1.12% 2,785,687.95 1.23
New Jersey 39 1.41% 4,836,541.26 2.14
New Mexico 14 0.50% 1,468,047.90 0.65
New York 93 3.35% 7,710,545.74 3.41
North Carolina 129 4.65% 8,959,244.98 3.97
Ohio 229 8.26% 13,257,768.58 5.87
Oklahoma 52 1.87% 3,091,430.44 1.37
Oregon 45 1.62% 5,518,211.21 2.44
Pennsylvania 114 4.11% 7,421,060.76 3.29
Rhode Island 15 0.54% 1,255,901.37 0.56
South Carolina 35 1.26% 2,707,415.43 1.20
Tennessee 130 4.69% 9,099,433.84 4.03
Texas 7 0.25% 533,550.22 0.24
Utah 29 1.05% 3,333,210.85 1.48
Vermont 1 0.04% 199,737.77 0.09
Virginia 43 1.55% 3,337,878.17 1.48
Washington 47 1.69% 5,668,410.93 2.51
West Virginia 28 1.01% 1,668,760.76 0.74
Wisconsin 83 2.99% 5,412,003.75 2.40
- -------------------------------------------------------------------------------------
Total................... 2,774 100.00% 225,822,372.55 100.00%
=====================================================================================
</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-B - Home Equity Loan Pass-Through Certificates
LOAN-TO-VALUE RATIOS
- --------------------------------------------------------------------------------
<TABLE>
<CAPTION>
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>
15.000 Less than LTV Less than or equal to 20.000 3 .11 54,151.70 0.02
20.000 Less than LTV Less than or equal to 25.000 8 .29 253,803.49 0.11
25.000 Less than LTV Less than or equal to 30.000 6 .22 197,828.44 0.09
30.000 Less than LTV Less than or equal to 35.000 14 .50 496,199.56 0.22
35.000 Less than LTV Less than or equal to 40.000 14 .50 665,094.71 0.29
40.000 Less than LTV Less than or equal to 45.000 12 .43 397,701.50 0.18
45.000 Less than LTV Less than or equal to 50.000 28 1.01 1,227,004.99 0.54
50.000 Less than LTV Less than or equal to 55.000 43 1.55 2,353,947.57 1.04
55.000 Less than LTV Less than or equal to 60.000 48 1.73 2,827,037.22 1.25
60.000 Less than LTV Less than or equal to 65.000 85 3.06 5,646,482.44 2.50
65.000 Less than LTV Less than or equal to 70.000 101 3.64 6,942,171.82 3.07
70.000 Less than LTV Less than or equal to 75.000 145 5.23 12,270,825.34 5.43
75.000 Less than LTV Less than or equal to 80.000 318 11.46 26,823,647.89 11.88
80.000 Less than LTV Less than or equal to 85.000 487 17.56 47,042,187.77 20.83
85.000 Less than LTV Less than or equal to 90.000 722 26.03 65,270,664.46 28.90
90.000 Less than LTV Less than or equal to 95.000 369 13.30 27,567,647.16 12.21
95.000 Less than LTV Less than or equal to 100.000 371 13.37 25,785,976.49 11.42
- --------------------------------------------------------------------------------------------------------------
Total.................... 2,774 100.00% 225,822,372.55 100.00%
==============================================================================================================
</TABLE>
GROSS COUPON
<TABLE>
<CAPTION>
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Percent of Principal Principal
Gross Coupon Loans Loan Count Balance Balance
<S> <C> <C> <C> <C>
7.00% Less than Gross Cpn Less than or equal to 7.50% 1 .04 199,851.57 .09
7.50% Less than Gross Cpn Less than or equal to 8.00% 12 .43 1,757,691.10 .78
8.00% Less than Gross Cpn Less than or equal to 8.50% 32 1.15 4,971,888.07 2.20
8.50% Less than Gross Cpn Less than or equal to 9.00% 70 2.52 9,963,332.52 4.41
9.00% Less than Gross Cpn Less than or equal to 9.50% 223 8.04 27,718,566.44 12.27
9.50% Less than Gross Cpn Less than or equal to 10.00% 461 16.62 41,834,911.84 18.53
10.00% Less than Gross Cpn Less than or equal to 10.50% 542 19.54 43,841,599.24 19.41
10.50% Less than Gross Cpn Less than or equal to 11.00% 673 24.26 49,192,940.34 21.78
11.00% Less than Gross Cpn Less than or equal to 11.50% 652 23.50 39,651,444.90 17.56
11.50% Less than Gross Cpn Less than or equal to 12.00% 73 2.63 4,875,445.96 2.16
12.00% Less than Gross Cpn Less than or equal to 12.50% 32 1.15 1,691,248.06 .75
12.50% Less than Gross Cpn Less than or equal to 13.00% 2 .07 79,822.37 .04
13.50% Less than Gross Cpn Less than or equal to 14.00% 1 .04 43,630.14 .02
- --------------------------------------------------------------------------------------------------------------
Total.................... 2,774 100.00 225,822,372.55 100.00
==============================================================================================================
</TABLE>
Distribution of Outstanding Loan Balances as of the Cut-Off Date
- --------------------------------------------------------------------------------
<TABLE>
<CAPTION>
Aggregate Unpaid % of Aggr
Percent of Loan Balance Unpaid Loan
Range of Number of Number As of the Balance as of
Loan Balances Loans of Loans Cut-Off Date the Cut-Off Date
<S> <C> <C> <C> <C>
0 Less than Balance Less than or equal to 50,000 851 30.68 31,857,817.30 14.11
50,000 Less than Balance Less than or equal to 100,000 1233 44.45 85,950,988.85 38.06
100,000 Less than Balance Less than or equal to 150,000 403 14.53 48,274,590.61 21.38
150,000 Less than Balance Less than or equal to 200,000 160 5.77 27,526,140.35 12.19
200,000 Less than Balance Less than or equal to 250,000 79 2.85 17,530,796.18 7.76
250,000 Less than Balance Less than or equal to 300,000 27 .97 7,235,394.52 3.20
300,000 Less than Balance Less than or equal to 350,000 14 .50 4,539,204.77 2.01
350,000 Less than Balance Less than or equal to 400,000 5 .18 1,905,446.20 0.84
450,000 Less than Balance Less than or equal to 500,000 1 .04 493,993.77 0.22
500,000 Less than Balance Less than or equal to 550,000 1 .04 508,000.00 0.22
- -----------------------------------------------------------------------------------------------------------------
Total.................... 2774 100.00% 225,822,372.55 100.00%
=================================================================================================================
</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-B - Home Equity Loan Pass-Through Certificates
LIEN STATUS AND OWNER OCCUPANCY
- --------------------------------------------------------------------------------
<TABLE>
<CAPTION>
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 2,710 97.69 222,809,885.76 98.67
Non-Owner Occupied, 1st Mtg 63 2.27 2,882,286.79 1.28
Multiple Properties, 1st Mtgs 1 .04 130,200.00 0.06
- -------------------------------------------------------------------------------------
Total.................. 2,774 100.00% 225,822,372.55 100.00%
=====================================================================================
</TABLE>
AGE IN MONTHS
- --------------------------------------------------------------------------------
<TABLE>
<CAPTION>
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 2,724 98.20 222,634,483.78 98.59
6 Less than Age Less than or equal to 12 11 .40 665,222.79 .29
12 Less than Age Less than or equal to 18 5 .18 365,496.55 .16
18 Less than Age Less than or equal to 24 5 .18 203,108.69 .09
24 Less than Age Less than or equal to 30 3 .11 343,719.32 .15
30 Less than Age Less than or equal to 36 1 .04 48,797.98 .02
42 Less than Age Less than or equal to 48 3 .11 318,138.06 .14
48 Less than Age Less than or equal to 54 2 .07 117,801.74 .05
54 Less than Age Less than or equal to 60 1 .04 111,745.70 .05
60 Less than Age Less than or equal to 66 1 .04 57,999.48 .03
66 Less than Age Less than or equal to 72 1 .04 43,572.36 .02
72 Less than Age Less than or equal to 78 2 .07 96,390.18 .04
78 Less than Age Less than or equal to 84 2 .07 106,410.42 .05
84 Less than Age Less than or equal to 90 2 .07 148,543.94 .07
90 Less than Age Less than or equal to 96 1 .04 37,929.06 .02
96 Less than Age Less than or equal to 102 1 .04 52,275.00 .02
102 Less than Age Less than or equal to 108 1 .04 49,466.32 .02
108 Less than Age Less than or equal to 114 3 .11 170,932.10 .08
114 Less than Age Less than or equal to 120 1 .04 68,240.84 .03
120 Less than Age Less than or equal to 126 2 .07 117,414.02 .05
144 Less than Age Less than or equal to 156 1 .04 30,384.38 .01
180 Less than Age Less than or equal to 192 1 .04 34,299.84 .02
- --------------------------------------------------------------------------------------------------------------
Total.................... 2,774 100.00% 225,822,372.55 100.00%
==============================================================================================================
</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-B - Home Equity Loan Pass-Through Certificates
PROPERTY TYPE
- --------------------------------------------------------------------------------
<TABLE>
<CAPTION>
Aggregate Percent of
Unpaid Aggregate
Number of Percent of Principal Principal
Loans Loan Count Balance Balance
<S> <C> <C> <C> <C>
Duplex 114 4.11 7,992,676.23 3.54
Triplex 9 .32 1,092,346.45 0.48
Fourplex or Quadplex 12 .43 927,388.05 0.41
Rowhouse 20 .72 1,059,749.53 0.47
Modular Housing 6 .22 513,144.79 0.23
Manufactured Housing 2 .07 116,200.00 0.05
Manuf Hsg Perm/Land 2 .07 118,328.02 0.05
Semi Detached 16 .58 892,043.51 0.40
Townhouses 16 .58 1,376,340.19 0.61
Condominiums 60 2.16 5,159,993.07 2.28
Single Family Detached 2,517 90.74 206,574,162.71 91.48
- -------------------------------------------------------------------------------------
Total............... 2,774 100.00% 225,822,372.55 100.00%
=====================================================================================
</TABLE>
REMAINING TERM
- --------------------------------------------------------------------------------
<TABLE>
<CAPTION>
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 1 .04 17,300.00 .01
72 Less than Rem Term Less than or equal to 84 4 .14 78,800.00 .03
108 Less than Rem Term Less than or equal to 120 16 .58 453,667.59 .20
132 Less than Rem Term Less than or equal to 144 1 .04 16,344.71 .01
144 Less than Rem Term Less than or equal to 156 1 .04 14,118.29 .01
168 Less than Rem Term Less than or equal to 180 159 5.73 6,453,304.82 2.86
204 Less than Rem Term Less than or equal to 216 2 .07 79,182.36 .04
216 Less than Rem Term Less than or equal to 228 1 .04 46,844.47 .02
228 Less than Rem Term Less than or equal to 240 57 2.05 2,591,938.80 1.15
240 Less than Rem Term Less than or equal to 252 4 .14 239,172.94 .11
252 Less than Rem Term Less than or equal to 264 3 .11 139,670.38 .06
264 Less than Rem Term Less than or equal to 276 3 .11 201,438.06 .09
276 Less than Rem Term Less than or equal to 288 3 .11 149,906.48 .07
288 Less than Rem Term Less than or equal to 300 4 .14 272,646.10 .12
300 Less than Rem Term Less than or equal to 312 3 .11 229,547.44 .10
312 Less than Rem Term Less than or equal to 324 3 .11 318,138.06 .14
324 Less than Rem Term Less than or equal to 336 4 .14 411,041.69 .18
336 Less than Rem Term Less than or equal to 348 9 .32 549,781.25 .24
348 Less than Rem Term Less than or equal to 360 2,496 89.98 213,559,529.11 94.57
- --------------------------------------------------------------------------------------------------------------
Total.................... 2,774 100.00% 225,822,372.55 100.00%
==============================================================================================================
</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-B - Home Equity Loan Pass-Through Certificates
GROSS MARGIN
<TABLE>
<CAPTION>
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Percent of Principal Principal
Gross Margin Loans Loan Count Balance Balance
<S> <C> <C> <C> <C>
3.25% Less than Margin Less than or equal to 3.50% 1 0.04 34,400.00 0.02
3.50% Less than Margin Less than or equal to 3.75% 10 0.36 648,625.34 0.29
3.75% Less than Margin Less than or equal to 4.00% 233 8.40 17,589,447.82 7.79
4.00% Less than Margin Less than or equal to 4.25% 32 1.15 2,224,615.82 0.99
4.25% Less than Margin Less than or equal to 4.50% 443 15.97 35,615,053.53 15.77
4.50% Less than Margin Less than or equal to 4.75% 168 6.06 18,240,281.24 8.08
4.75% Less than Margin Less than or equal to 5.00% 281 10.13 25,871,898.37 11.46
5.00% Less than Margin Less than or equal to 5.25% 754 27.18 54,620,477.22 24.19
5.25% Less than Margin Less than or equal to 5.50% 288 10.38 27,556,876.53 12.20
5.50% Less than Margin Less than or equal to 5.75% 181 6.52 16,349,755.62 7.24
5.75% Less than Margin Less than or equal to 6.00% 236 8.51 16,394,514.62 7.26
6.00% Less than Margin Less than or equal to 6.25% 57 2.05 4,411,991.83 1.95
6.25% Less than Margin Less than or equal to 6.50% 19 0.68 1,769,956.06 0.78
6.50% Less than Margin Less than or equal to 6.75% 42 1.51 2,595,808.09 1.15
6.75% Less than Margin Less than or equal to 7.00% 13 0.47 987,407.42 0.44
7.00% Less than Margin Less than or equal to 7.25% 3 0.11 171,978.60 0.08
7.25% Less than Margin Less than or equal to 7.50% 4 0.14 209,385.49 0.09
7.50% Less than Margin Less than or equal to 7.75% 3 0.11 150,155.17 0.07
7.75% Less than Margin Less than or equal to 8.00% 2 0.07 134,975.90 0.06
8.25% Less than Margin Less than or equal to 8.50% 1 0.04 59,171.05 0.03
8.75% Less than Margin Less than or equal to 9.00% 1 0.04 26,550.00 0.01
9.50% Less than Margin Less than or equal to 9.75% 1 0.04 50,328.02 0.02
9.75% Less than Margin Less than or equal to 10.00% 1 0.04 108,718.81 0.05
- ------------------------------------------------------------------------------------------------------------
Total.................... 2,774 100.00 225,822,372.55 100.00
============================================================================================================
</TABLE>
MAXIMUM LIFETIME COUPON RATE (LIFE CAP)
<TABLE>
<CAPTION>
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Gross Mortgage Percent of Principal Principal
Life Cap Loans Loan Count Balance Balance
<S> <C> <C> <C> <C>
13.000 LIFE CAP Less than or equal to 13.500 2 0.07 394,473.84 0.17
13.500 LIFE CAP Less than or equal to 14.000 12 0.43 1,757,691.10 0.78
14.000 LIFE CAP Less than or equal to 14.500 31 1.12 4,829,772.34 2.14
14.500 LIFE CAP Less than or equal to 15.000 70 2.52 9,963,332.52 4.41
15.000 LIFE CAP Less than or equal to 15.500 224 8.07 27,888,647.96 12.35
15.500 LIFE CAP Less than or equal to 16.000 461 16.62 41,727,009.88 18.48
16.000 LIFE CAP Less than or equal to 16.500 542 19.54 43,813,633.45 19.40
16.500 LIFE CAP Less than or equal to 17.000 671 24.19 48,889,628.18 21.65
17.000 LIFE CAP Less than or equal to 17.500 653 23.54 39,698,833.28 17.58
17.500 LIFE CAP Less than or equal to 18.000 72 2.60 4,930,646.84 2.18
18.000 LIFE CAP Less than or equal to 18.500 30 1.08 1,581,482.41 0.70
18.500 LIFE CAP Less than or equal to 19.000 4 0.14 224,259.81 0.10
19.000 LIFE CAP Less than or equal to 19.500 1 0.04 79,330.80 0.04
20.500 LIFE CAP Less than or equal to 21.000 1 0.04 43,630.14 0.02
- --------------------------------------------------------------------------------------------------------
Total................. 2774 100.00 $225,822,372.55 100.00%
========================================================================================================
</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-B - Home Equity Loan Pass-Through Certificates
MINIMUM LIFETIME COUPON RATES (LIFE FLOOR)
<TABLE>
<CAPTION>
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Gross Mortgage Percent of Principal Principal
Life Floor Loans Loan Count Balance Balance
<S> <C> <C> <C> <C>
8.500 Life Floor Less than or equal to 9.000 569 20.51 48,644,940.57 21.54
4.500 Life Floor Less than or equal to 5.000 1 0.04 127,686.50 0.06
5.000 Life Floor Less than or equal to 5.500 7 0.25 1,421,474.32 0.63
6.000 Life Floor Less than or equal to 6.500 1 0.04 176,092.18 0.08
6.500 Life Floor Less than or equal to 7.000 20 0.72 2,227,332.69 0.99
7.000 Life Floor Less than or equal to 7.500 112 4.04 10,347,840.47 4.58
7.500 Life Floor Less than or equal to 8.000 343 12.36 28,963,919.98 12.83
8.000 Life Floor Less than or equal to 8.500 454 16.37 40,524,035.77 17.95
9.000 Life Floor Less than or equal to 9.500 600 21.63 48,113,839.61 21.31
9.500 Life Floor Less than or equal to 10.000 154 5.55 16,396,310.57 7.26
10.000 Life Floor Less than or equal to 10.500 135 4.87 8,941,796.34 3.96
10.500 Life Floor Less than or equal to 11.000 154 5.55 8,131,678.77 3.60
11.000 Life Floor Less than or equal to 11.500 164 5.91 8,604,595.20 3.81
11.500 Life Floor Less than or equal to 12.000 46 1.66 2,606,899.09 1.15
12.000 Life Floor Less than or equal to 12.500 13 0.47 581,430.49 0.26
12.500 Life Floor Less than or equal to 13.000 1 0.04 12,500.00 0.01
- ------------------------------------------------------------------------------------------------------
Total................. 2774 100.00 $225,822,372.55 100.00%
======================================================================================================
</TABLE>
NEXT ROLLDATE
Percentage
of Cut-Off
<TABLE>
<CAPTION>
Aggregate Date
Next Number of Unpaid Aggregate
Roll Mortgage Percent of Principal Principal
Date Loans Loan Count Balance Balance
<S> <C> <C> <C> <C>
07/01/97 2 .07 $76,051.44 00.03
08/01/97 4 .14 $391,792.78 00.17
09/01/97 6 .22 $657,208.93 00.29
10/01/97 4 .14 $346,992.00 00.15
11/01/97 12 .43 $1,131,537.70 00.50
12/01/97 182 6.56 $12,262,152.66 05.43
01/01/98 295 10.63 $16,126,206.85 07.14
02/01/98 77 2.78 $4,963,000.00 02.20
05/01/98 19 .68 $3,526,856.97 01.56
06/01/98 31 1.12 $4,708,562.33 02.09
07/01/98 2 .07 $202,900.00 00.09
02/01/99 6 .22 $942,086.62 00.42
03/01/99 10 .36 $1,751,268.26 00.78
04/01/99 24 .87 $4,107,674.06 01.82
05/01/99 45 1.62 $7,917,644.41 03.51
06/01/99 71 2.56 $10,491,589.29 04.65
07/01/99 13 .47 $1,975,750.00 00.87
04/01/00 1 .04 $57,743.45 00.03
05/01/00 249 8.98 $20,406,468.86 09.04
06/01/00 812 29.27 $63,856,818.06 28.28
07/01/00 727 26.21 $56,458,995.52 25.00
08/01/00 182 6.56 $13,463,072.36 05.96
- --------------------------------------------------------------------------
Total........ 2,774 100.00% $225,822,372.55 100.00%
==========================================================================
</TABLE>
ARM TYPE
- --------------------------------------------------------------------------------
<TABLE>
<CAPTION>
Current
Loan Feature # Loans % Pool WAC WAM LTV Margin Lifecap Lifefloor Balance
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
ARM 6M LIBOR 582 15.92 10.42 314.59 79.70 5.50 16.394 10.305 $35,954,942
ARM 1/29 6M LIBOR 52 3.74 8.81 358.81 86.32 5.20 14.808 8.808 $8,438,319
ARM 2/28 6M LIBOR 169 12.04 9.41 358.48 84.29 5.41 15.435 9.273 $27,186,013
ARM 3/27 6M LIBOR 1,968 67.98 10.58 358.32 85.10 4.97 16.577 8.622 $153,523,945
ARM 3/27 1YR CMT 3 .32 10.97 359.81 77.18 5.79 16.972 9.348 $719,153
- -----------------------------------------------------------------------------------------------------------------------
Total..... 2,774 100.00% 10.35 351.40 84.16 5.12 16.345 8.977 $225,822,373
========================================================================================================================
</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: $45,000,000.00 DATED DATE: 06/01/97
COUPON: 6.655% ucfc7ba FIRST PAYMENT: 07/15/97
FACTOR: 1.0000000000 TOTAL CLASSES: 9
ORIGINAL BALANCE: $45,000,000.00 BOND A3 BE-YIELD TABLE YIELD TABLE DATE: 06/30/97
</TABLE>
TO MATURITY
<TABLE>
<CAPTION>
PREPAYMENT SPEED
PRICING SPEED
25.0%/ 15.00%/ 20.00%/ 25.00%/ 30.00%/ 35.00%/ FIX (HEP)
PRICE 100 PPC 100 PPC 100 PPC 100 PPC 100 PPC 100PPC ARM (CPR)
<S> <C> <C> <C> <C> <C> <C> <C>
99-24 6.745 6.746 6.745 6.745 6.744 6.743
99-24+ 6.739 6.742 6.740 6.739 6.737 6.735
99-25 6.733 6.738 6.736 6.733 6.730 6.728
99-25+ 6.727 6.734 6.731 6.727 6.723 6.720
99-26 6.721 6.731 6.726 6.721 6.717 6.712
99-26+ 6.716 6.727 6.721 6.716 6.710 6.704
99-27 6.710 6.723 6.717 6.710 6.703 6.696
99-27+ 6.704 6.719 6.712 6.704 6.696 6.688
99-28 6.698 6.716 6.707 6.698 6.689 6.680
99-28+ 6.692 6.712 6.702 6.692 6.682 6.673
99-29 6.687 6.708 6.698 6.687 6.676 6.665
99-29+ 6.681 6.704 6.693 6.681 6.669 6.657
99-30 6.675 6.701 6.688 6.675 6.662 6.649
99-30+ 6.669 6.697 6.683 6.669 6.655 6.641
99-31 6.664 6.693 6.679 6.664 6.648 6.633
99-31+ 6.658 6.689 6.674 6.658 6.642 6.625
100-00 6.652 6.686 6.669 6.652 6.635 6.618
100-00+ 6.646 6.682 6.664 6.646 6.628 6.610
100-01 6.640 6.678 6.660 6.640 6.621 6.602
100-01+ 6.635 6.675 6.655 6.635 6.614 6.594
100-02 6.629 6.671 6.650 6.629 6.608 6.586
100-02+ 6.623 6.667 6.645 6.623 6.601 6.578
100-03 6.617 6.663 6.641 6.617 6.594 6.571
100-03+ 6.612 6.660 6.636 6.612 6.587 6.563
100-04 6.606 6.656 6.631 6.606 6.580 6.555
100-04+ 6.600 6.652 6.626 6.600 6.573 6.547
100-05 6.594 6.648 6.622 6.594 6.567 6.539
100-05+ 6.588 6.645 6.617 6.588 6.560 6.531
100-06 6.583 6.641 6.612 6.583 6.553 6.524
100-06+ 6.577 6.637 6.607 6.577 6.546 6.516
100-07 6.571 6.633 6.603 6.571 6.539 6.508
100-07+ 6.565 6.630 6.598 6.565 6.533 6.500
First Payment 2.375 3.875 2.958 2.375 2.042 1.792
Average Life 3.078 5.066 3.840 3.078 2.566 2.201
Last Payment 3.958 6.625 4.958 3.958 3.208 2.708
Mod.Dur. @ 100-00 2.690 4.150 3.273 2.690 2.281 1.981
</TABLE>
<PAGE>
<TABLE>
<S> <C> <C>
CURRENT BALANCE: $25,000,000.00 DATED DATE: 06/01/97
COUPON: 6.900% ucfc7ba FIRST PAYMENT: 07/15/97
FACTOR: 1.0000000000 TOTAL CLASSES: 9
ORIGINAL BALANCE: $25,000,000.00 BOND A6 BE-YIELD TABLE YIELD TABLE DATE: 06/30/97
</TABLE>
TO MATURITY
<TABLE>
<CAPTION>
PREPAYMENT SPEED
PRICING SPEED
25.0%/ 15.00%/ 20.00%/ 25.00%/ 30.00%/ 35.00%/ FIX (HEP)
PRICE 100 PPC 100 PPC 100 PPC 100 PPC 100 PPC 100PPC ARM (CPR)
<S> <C> <C> <C> <C> <C> <C> <C>
99-24 6.996 6.996 6.996 6.996 6.996 6.996
99-24+ 6.993 6.994 6.993 6.993 6.993 6.992
99-25 6.990 6.991 6.990 6.990 6.989 6.989
99-25+ 6.987 6.988 6.987 6.987 6.986 6.986
99-26 6.983 6.985 6.984 6.983 6.983 6.982
99-26+ 6.980 6.982 6.981 6.980 6.979 6.979
99-27 6.977 6.979 6.978 6.977 6.976 6.975
99-27+ 6.974 6.976 6.975 6.974 6.973 6.972
99-28 6.971 6.973 6.972 6.971 6.969 6.968
99-28+ 6.967 6.970 6.969 6.967 6.966 6.965
99-29 6.964 6.968 6.966 6.964 6.963 6.962
99-29+ 6.961 6.965 6.963 6.961 6.960 6.958
99-30 6.958 6.962 6.960 6.958 6.956 6.955
99-30+ 6.955 6.959 6.957 6.955 6.953 6.951
99-31 6.951 6.956 6.954 6.951 6.950 6.948
99-31+ 6.948 6.953 6.951 6.948 6.946 6.945
100-00 6.945 6.950 6.947 6.945 6.943 6.941
100-00+ 6.942 6.947 6.944 6.942 6.940 6.938
100-01 6.939 6.944 6.941 6.939 6.936 6.934
100-01+ 6.936 6.941 6.938 6.936 6.933 6.931
100-02 6.932 6.939 6.935 6.932 6.930 6.927
100-02+ 6.929 6.936 6.932 6.929 6.926 6.924
100-03 6.926 6.933 6.929 6.926 6.923 6.921
100-03+ 6.923 6.930 6.926 6.923 6.920 6.917
100-04 6.920 6.927 6.923 6.920 6.917 6.914
100-04+ 6.916 6.924 6.920 6.916 6.913 6.910
100-05 6.913 6.921 6.917 6.913 6.910 6.907
100-05+ 6.910 6.918 6.914 6.910 6.907 6.904
100-06 6.907 6.916 6.911 6.907 6.903 6.900
100-06+ 6.904 6.913 6.908 6.904 6.900 6.897
100-07 6.901 6.910 6.905 6.901 6.897 6.893
100-07+ 6.897 6.907 6.902 6.897 6.894 6.890
First Payment 3.042 3.042 3.042 3.042 3.042 3.042
Average Life 6.305 7.155 6.679 6.305 6.014 5.775
Last Payment 15.208 21.458 18.042 15.208 13.042 11.458
Mod.Dur. @ 100-00 4.881 5.377 5.104 4.881 4.702 4.550
</TABLE>
<PAGE>
<TABLE>
<S> <C> <C>
CURRENT BALANCE: $350,000,000.00 DATED DATE: 06/27/97
ucfc7ba FIRST PAYMENT: 07/15/97
FACTOR: 1.0000000000 TOTAL CLASSES: 9
ORIGINAL BALANCE: $350,000,000.00 BOND A7 DISCOUNT MARGIN ACT/360 TABLE YIELD TABLE DATE: 06/30/97
ASSUMED CONSTANT LIBOR-1M 5.6875
</TABLE>
PRICING SPEED
25.0%/ FIX (HEP) TO CALL
PRICE 100 PPC ARM (CPR)
99-24 32.900
99-24+ 32.343
99-25 31.785
99-25+ 31.228
99-26 30.671
99-26+ 30.114
99-27 29.557
99-27+ 29.000
99-28 28.444
99-28+ 27.887
99-29 27.331
99-29+ 26.775
99-30 26.219
99-30+ 25.663
99-31 25.107
99-31+ 24.551
100-00 23.996
100-00+ 23.440
100-01 22.885
100-01+ 22.330
100-02 21.775
100-02+ 21.220
100-03 20.665
100-03+ 20.111
100-04 19.556
100-04+ 19.002
100-05 18.448
100-05+ 17.894
100-06 17.340
100-06+ 16.786
100-07 16.232
100-07+ 15.679
First Payment 0.042
Average Life 3.169
Last Payment 7.125
Mod.Dur. @ 100-00 2.702
<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 closed-end mortgage loans in which these
securities will represent undivided beneficial interests. The actual
characteristics and performance of the closed-end mortgage 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 closed-end mortgage 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 closed-end mortgage 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.
<PAGE>
The information contained in the attached computational materials is referred to
as the "Information".
The attached Computational Materials have been prepared by United Companies
Funding Corp. ("UCFC"). 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 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 prospectus supplement relating to the
securities discussed in the 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.
<PAGE>
<TABLE>
<CAPTION>
CURRENT BALANCE: $90,000,000.00 DATED DATE: 06/27/97
CURRENT COUPON: 5.787% ucfc7bf FIRST PAYMENT: 07/15/97
FACTOR: 1.0000000000 TOTAL CLASSES: 9
ORIGINAL BALANCE: $90,000,000.00 BOND A1 DISCOUNT MARGIN ACT/360 TABLE YIELD TABLE DATE: 06/30/97
ASSUMED CONSTANT LIBOR-1M 5.6875
PRICING SPEED
25.0%/ 15.00%/ 18.00%/ 22.00%/ 28.00%/ 32.00%/ 35.00%/
PRICE 100 PPC 100 PPC 100 PPC 100 PPC 100 PPC 100 PPC 100 PPC
<S> <C> <C> <C> <C> <C> <C> <C>
99-28 24.201 20.041 21.372 23.032 25.313 26.715 27.714
99-28+ 22.422 18.784 19.948 21.401 23.395 24.622 25.496
99-29 20.645 17.527 18.525 19.769 21.478 22.529 23.279
99-29+ 18.868 16.270 17.101 18.138 19.562 20.438 21.062
99-30 17.091 15.014 15.678 16.507 17.646 18.346 18.845
99-30+ 15.314 13.758 14.256 14.877 15.730 16.255 16.629
99-31 13.538 12.502 12.833 13.247 13.815 14.164 14.413
99-31+ 11.762 11.246 11.411 11.617 11.900 12.074 12.198
100-00 9.987 9.991 9.989 9.988 9.986 9.984 9.984
100-00+ 8.212 8.736 8.568 8.359 8.072 7.895 7.769
100-01 6.437 7.481 7.147 6.730 6.158 5.806 5.556
100-01+ 4.663 6.226 5.726 5.102 4.245 3.718 3.342
100-02 2.889 4.972 4.305 3.474 2.332 1.630 1.130
First Payment 0.042 0.042 0.042 0.042 0.042 0.042 0.042
Average Life 0.897 1.291 1.132 0.982 0.830 0.758 0.714
Last Payment 1.708 2.542 2.208 1.875 1.542 1.375 1.292
Mod.Dur. @ 100-00 0.845 1.196 1.056 0.921 0.784 0.718 0.677
</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>
CURRENT BALANCE: $33,000,000.00 DATED DATE: 06/01/97
COUPON: 6.520% ucfc7bf FIRST PAYMENT: 07/15/97
FACTOR: 1.0000000000 TOTAL CLASSES: 9
ORIGINAL BALANCE: $33,000,000.00 BOND A2 BE-YIELD TABLE YIELD TABLE DATE: 06/30/97
PREPAYMENT SPEED
PRICING SPEED
25.0%/ 15.00%/ 18.00%/ 22.00%/ 28.00%/ 32.00%/ 35.00%/
PRICE 100 PPC 100 PPC 100 PPC 100 PPC 100 PPC 100 PPC 100 PPC
<S> <C> <C> <C> <C> <C> <C> <C>
99-24 6.607 6.608 6.608 6.607 6.607 6.607 6.606
99-24+ 6.599 6.602 6.601 6.600 6.598 6.596 6.595
99-25 6.590 6.597 6.595 6.592 6.588 6.586 6.584
99-25+ 6.582 6.591 6.588 6.584 6.579 6.575 6.573
99-26 6.573 6.585 6.582 6.577 6.570 6.565 6.562
99-26+ 6.565 6.580 6.575 6.569 6.560 6.555 6.551
99-27 6.556 6.574 6.569 6.562 6.551 6.544 6.539
99-27+ 6.548 6.569 6.562 6.554 6.542 6.534 6.528
99-28 6.539 6.563 6.556 6.546 6.533 6.524 6.517
99-28+ 6.531 6.557 6.549 6.539 6.523 6.513 6.506
99-29 6.523 6.552 6.543 6.531 6.514 6.503 6.495
99-29+ 6.514 6.546 6.536 6.524 6.505 6.493 6.484
99-30 6.506 6.541 6.530 6.516 6.496 6.482 6.473
99-30+ 6.497 6.535 6.523 6.508 6.486 6.472 6.461
99-31 6.489 6.529 6.517 6.501 6.477 6.462 6.450
99-31+ 6.480 6.524 6.510 6.493 6.468 6.451 6.439
100-00 6.472 6.518 6.504 6.486 6.459 6.441 6.428
100-00+ 6.464 6.513 6.497 6.478 6.449 6.431 6.417
100-01 6.455 6.507 6.491 6.470 6.440 6.420 6.406
100-01+ 6.447 6.501 6.484 6.463 6.431 6.410 6.395
100-02 6.438 6.496 6.478 6.455 6.422 6.400 6.383
100-02+ 6.430 6.490 6.472 6.448 6.412 6.389 6.372
100-03 6.421 6.485 6.465 6.440 6.403 6.379 6.361
100-03+ 6.413 6.479 6.459 6.432 6.394 6.369 6.350
100-04 6.405 6.473 6.452 6.425 6.385 6.358 6.339
100-04+ 6.396 6.468 6.446 6.417 6.375 6.348 6.328
100-05 6.388 6.462 6.439 6.410 6.366 6.338 6.317
100-05+ 6.379 6.457 6.433 6.402 6.357 6.327 6.306
100-06 6.371 6.451 6.426 6.395 6.348 6.317 6.295
100-06+ 6.363 6.445 6.420 6.387 6.338 6.307 6.283
100-07 6.354 6.440 6.413 6.379 6.329 6.296 6.272
100-07+ 6.346 6.434 6.407 6.372 6.320 6.286 6.261
First Payment 1.708 2.542 2.208 1.875 1.542 1.375 1.292
Average Life 2.034 3.179 2.707 2.274 1.840 1.636 1.514
Last Payment 2.375 3.875 3.208 2.708 2.208 1.958 1.792
Mod.Dur. @ 100-00 1.844 2.778 2.402 2.046 1.680 1.503 1.396
</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>
CURRENT BALANCE: $45,000,000.00 DATED DATE: 06/01/97
COUPON: 6.655% ucfc7bf FIRST PAYMENT: 07/15/97
FACTOR: 1.0000000000 TOTAL CLASSES: 9
ORIGINAL BALANCE: $45,000,000.00 BOND A3 BE-YIELD TABLE YIELD TABLE DATE: 06/30/97
PREPAYMENT SPEED
PRICING SPEED
25.0%/ 15.00%/ 18.00%/ 22.00%/ 28.00%/ 32.00%/ 35.00%/
PRICE 100 PPC 100 PPC 100 PPC 100 PPC 100 PPC 100 PPC 100 PPC
<S> <C> <C> <C> <C> <C> <C> <C>
99-24 6.745 6.746 6.745 6.745 6.744 6.744 6.743
99-24+ 6.739 6.742 6.741 6.740 6.738 6.736 6.735
99-25 6.733 6.738 6.737 6.735 6.731 6.729 6.728
99-25+ 6.727 6.734 6.732 6.729 6.725 6.722 6.720
99-26 6.721 6.731 6.728 6.724 6.719 6.715 6.712
99-26+ 6.716 6.727 6.724 6.719 6.712 6.707 6.704
99-27 6.710 6.723 6.719 6.714 6.706 6.700 6.696
99-27+ 6.704 6.719 6.715 6.709 6.699 6.693 6.688
99-28 6.698 6.716 6.711 6.704 6.693 6.686 6.680
99-28+ 6.692 6.712 6.706 6.698 6.686 6.679 6.673
99-29 6.687 6.708 6.702 6.693 6.680 6.671 6.665
99-29+ 6.681 6.704 6.698 6.688 6.674 6.664 6.657
99-30 6.675 6.701 6.693 6.683 6.667 6.657 6.649
99-30+ 6.669 6.697 6.689 6.678 6.661 6.650 6.641
99-31 6.664 6.693 6.684 6.673 6.654 6.642 6.633
99-31+ 6.658 6.689 6.680 6.667 6.648 6.635 6.625
100-00 6.652 6.686 6.676 6.662 6.642 6.628 6.618
100-00+ 6.646 6.682 6.671 6.657 6.635 6.621 6.610
100-01 6.640 6.678 6.667 6.652 6.629 6.613 6.602
100-01+ 6.635 6.675 6.663 6.647 6.622 6.606 6.594
100-02 6.629 6.671 6.658 6.642 6.616 6.599 6.586
100-02+ 6.623 6.667 6.654 6.636 6.610 6.592 6.578
100-03 6.617 6.663 6.650 6.631 6.603 6.585 6.571
100-03+ 6.612 6.660 6.645 6.626 6.597 6.577 6.563
100-04 6.606 6.656 6.641 6.621 6.591 6.570 6.555
100-04+ 6.600 6.652 6.637 6.616 6.584 6.563 6.547
100-05 6.594 6.648 6.632 6.611 6.578 6.556 6.539
100-05+ 6.588 6.645 6.628 6.606 6.571 6.549 6.531
100-06 6.583 6.641 6.624 6.600 6.565 6.541 6.524
100-06+ 6.577 6.637 6.619 6.595 6.559 6.534 6.516
100-07 6.571 6.633 6.615 6.590 6.552 6.527 6.508
100-07+ 6.565 6.630 6.611 6.585 6.546 6.520 6.500
First Payment 2.375 3.875 3.208 2.708 2.208 1.958 1.792
Average Life 3.078 5.066 4.256 3.495 2.750 2.408 2.201
Last Payment 3.958 6.625 5.458 4.458 3.458 2.958 2.708
Mod.Dur. @ 100-00 2.690 4.150 3.579 3.013 2.429 2.152 1.981
</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>
CURRENT BALANCE: $35,500,000.00 DATED DATE: 06/01/97
COUPON: 6.940% ucfc7bf FIRST PAYMENT: 07/15/97
FACTOR: 1.0000000000 TOTAL CLASSES: 9
ORIGINAL BALANCE: $35,500,000.00 BOND A4 BE-YIELD TABLE YIELD TABLE DATE: 06/30/97
PREPAYMENT SPEED
PRICING SPEED
25.0%/ 15.00%/ 18.00%/ 22.00%/ 28.00%/ 32.00%/ 35.00%/
PRICE 100 PPC 100 PPC 100 PPC 100 PPC 100 PPC 100 PPC 100 PPC
<S> <C> <C> <C> <C> <C> <C> <C>
99-24 7.036 7.038 7.038 7.037 7.036 7.035 7.034
99-24+ 7.032 7.036 7.035 7.033 7.031 7.030 7.029
99-25 7.028 7.033 7.032 7.030 7.027 7.025 7.023
99-25+ 7.025 7.031 7.029 7.027 7.023 7.020 7.018
99-26 7.021 7.028 7.026 7.023 7.018 7.015 7.013
99-26+ 7.017 7.026 7.024 7.020 7.014 7.010 7.007
99-27 7.013 7.024 7.021 7.017 7.010 7.005 7.002
99-27+ 7.009 7.021 7.018 7.013 7.006 7.001 6.997
99-28 7.006 7.019 7.015 7.010 7.001 6.996 6.991
99-28+ 7.002 7.016 7.013 7.007 6.997 6.991 6.986
99-29 6.998 7.014 7.010 7.003 6.993 6.986 6.981
99-29+ 6.994 7.012 7.007 7.000 6.989 6.981 6.975
99-30 6.990 7.009 7.004 6.996 6.984 6.976 6.970
99-30+ 6.986 7.007 7.002 6.993 6.980 6.971 6.965
99-31 6.983 7.005 6.999 6.990 6.976 6.966 6.959
99-31+ 6.979 7.002 6.996 6.986 6.972 6.962 6.954
100-00 6.975 7.000 6.993 6.983 6.967 6.957 6.948
100-00+ 6.971 6.997 6.991 6.980 6.963 6.952 6.943
100-01 6.967 6.995 6.988 6.976 6.959 6.947 6.938
100-01+ 6.964 6.993 6.985 6.973 6.955 6.942 6.932
100-02 6.960 6.990 6.982 6.970 6.950 6.937 6.927
100-02+ 6.956 6.988 6.979 6.966 6.946 6.932 6.922
100-03 6.952 6.985 6.977 6.963 6.942 6.928 6.916
100-03+ 6.948 6.983 6.974 6.960 6.937 6.923 6.911
100-04 6.945 6.981 6.971 6.956 6.933 6.918 6.906
100-04+ 6.941 6.978 6.968 6.953 6.929 6.913 6.900
100-05 6.937 6.976 6.966 6.950 6.925 6.908 6.895
100-05+ 6.933 6.974 6.963 6.946 6.920 6.903 6.890
100-06 6.929 6.971 6.960 6.943 6.916 6.898 6.884
100-06+ 6.925 6.969 6.957 6.939 6.912 6.893 6.879
100-07 6.922 6.966 6.955 6.936 6.908 6.889 6.874
100-07+ 6.918 6.964 6.952 6.933 6.903 6.884 6.868
First Payment 3.958 6.625 5.458 4.458 3.458 2.958 2.708
Average Life 5.001 9.155 7.526 5.864 4.385 3.755 3.378
Last Payment 6.625 12.042 10.458 8.458 5.708 4.792 4.292
Mod.Dur. @ 100-00 4.073 6.512 5.628 4.635 3.647 3.190 2.907
</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>
CURRENT BALANCE: $21,500,000.00 DATED DATE: 06/01/97
COUPON: 7.270% ucfc7bf FIRST PAYMENT: 07/15/97
FACTOR: 1.0000000000 TOTAL CLASSES: 9
ORIGINAL BALANCE: $21,500,000.00 BOND A5 BE-YIELD TABLE YIELD TABLE DATE: 06/30/97
PREPAYMENT SPEED
***** TO MATURITY ****
PRICING SPEED
25.0%/ 15.00%/ 18.00%/ 22.00%/ 28.00%/ 32.00%/ 35.00%/
PRICE 100 PPC 100 PPC 100 PPC 100 PPC 100 PPC 100 PPC 100 PPC
<S> <C> <C> <C> <C> <C> <C> <C>
99-24 7.376 7.377 7.377 7.377 7.376 7.375 7.374
99-24+ 7.374 7.375 7.375 7.374 7.373 7.372 7.370
99-25 7.371 7.374 7.373 7.372 7.370 7.369 7.367
99-25+ 7.369 7.372 7.371 7.370 7.368 7.366 7.364
99-26 7.367 7.370 7.369 7.368 7.365 7.363 7.360
99-26+ 7.365 7.368 7.367 7.366 7.363 7.360 7.357
99-27 7.362 7.366 7.365 7.364 7.360 7.357 7.354
99-27+ 7.360 7.365 7.364 7.362 7.358 7.354 7.350
99-28 7.358 7.363 7.362 7.360 7.355 7.351 7.347
99-28+ 7.355 7.361 7.360 7.358 7.353 7.348 7.344
99-29 7.353 7.359 7.358 7.355 7.350 7.345 7.340
99-29+ 7.351 7.357 7.356 7.353 7.347 7.342 7.337
99-30 7.348 7.356 7.354 7.351 7.345 7.339 7.334
99-30+ 7.346 7.354 7.352 7.349 7.342 7.336 7.330
99-31 7.344 7.352 7.350 7.347 7.340 7.333 7.327
99-31+ 7.342 7.350 7.348 7.345 7.337 7.330 7.323
100-00 7.339 7.349 7.346 7.343 7.335 7.327 7.320
100-00+ 7.337 7.347 7.344 7.341 7.332 7.324 7.317
100-01 7.335 7.345 7.343 7.339 7.330 7.321 7.313
100-01+ 7.332 7.343 7.341 7.337 7.327 7.318 7.310
100-02 7.330 7.341 7.339 7.334 7.324 7.315 7.307
100-02+ 7.328 7.340 7.337 7.332 7.322 7.312 7.303
100-03 7.326 7.338 7.335 7.330 7.319 7.309 7.300
100-03+ 7.323 7.336 7.333 7.328 7.317 7.306 7.297
100-04 7.321 7.334 7.331 7.326 7.314 7.303 7.293
100-04+ 7.319 7.332 7.329 7.324 7.312 7.300 7.290
100-05 7.316 7.331 7.327 7.322 7.309 7.297 7.287
100-05+ 7.314 7.329 7.325 7.320 7.307 7.294 7.283
100-06 7.312 7.327 7.323 7.318 7.304 7.291 7.280
100-06+ 7.309 7.325 7.322 7.316 7.301 7.288 7.277
100-07 7.307 7.324 7.320 7.313 7.299 7.285 7.273
100-07+ 7.305 7.322 7.318 7.311 7.296 7.282 7.270
First Payment 6.625 12.042 10.458 8.458 5.708 4.792 4.292
Average Life 9.940 14.770 13.194 11.310 8.604 7.034 6.025
Last Payment 15.375 21.708 19.292 17.042 14.042 12.708 11.625
Mod.Dur. @ 100-00 6.761 8.694 8.143 7.389 6.083 5.222 4.632
</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>
CURRENT BALANCE: $25,000,000.00 DATED DATE: 06/01/97
COUPON: 6.900% ucfc7bf FIRST PAYMENT: 07/15/97
FACTOR: 1.0000000000 TOTAL CLASSES: 9
ORIGINAL BALANCE: $25,000,000.00 BOND A6 BE-YIELD TABLE YIELD TABLE DATE: 06/30/97
PREPAYMENT SPEED
***** TO MATURITY ****
PRICING SPEED
25.0%/ 15.00%/ 18.00%/ 22.00%/ 28.00%/ 32.00%/ 35.00%/
PRICE 100 PPC 100 PPC 100 PPC 100 PPC 100 PPC 100 PPC 100 PPC
<S> <C> <C> <C> <C> <C> <C> <C>
99-24 6.996 6.996 6.996 6.996 6.996 6.996 6.996
99-24+ 6.993 6.994 6.993 6.993 6.993 6.993 6.992
99-25 6.990 6.991 6.990 6.990 6.989 6.989 6.989
99-25+ 6.987 6.988 6.987 6.987 6.986 6.986 6.986
99-26 6.983 6.985 6.984 6.984 6.983 6.982 6.982
99-26+ 6.980 6.982 6.981 6.981 6.980 6.979 6.979
99-27 6.977 6.979 6.978 6.978 6.976 6.976 6.975
99-27+ 6.974 6.976 6.975 6.974 6.973 6.972 6.972
99-28 6.971 6.973 6.972 6.971 6.970 6.969 6.968
99-28+ 6.967 6.970 6.969 6.968 6.967 6.966 6.965
99-29 6.964 6.968 6.966 6.965 6.963 6.962 6.962
99-29+ 6.961 6.965 6.963 6.962 6.960 6.959 6.958
99-30 6.958 6.962 6.960 6.959 6.957 6.956 6.955
99-30+ 6.955 6.959 6.957 6.956 6.954 6.952 6.951
99-31 6.951 6.956 6.954 6.953 6.950 6.949 6.948
99-31+ 6.948 6.953 6.951 6.950 6.947 6.946 6.945
100-00 6.945 6.950 6.949 6.947 6.944 6.942 6.941
100-00+ 6.942 6.947 6.946 6.943 6.941 6.939 6.938
100-01 6.939 6.944 6.943 6.940 6.937 6.936 6.934
100-01+ 6.936 6.941 6.940 6.937 6.934 6.932 6.931
100-02 6.932 6.939 6.937 6.934 6.931 6.929 6.927
100-02+ 6.929 6.936 6.934 6.931 6.928 6.926 6.924
100-03 6.926 6.933 6.931 6.928 6.924 6.922 6.921
100-03+ 6.923 6.930 6.928 6.925 6.921 6.919 6.917
100-04 6.920 6.927 6.925 6.922 6.918 6.915 6.914
100-04+ 6.916 6.924 6.922 6.919 6.915 6.912 6.910
100-05 6.913 6.921 6.919 6.916 6.911 6.909 6.907
100-05+ 6.910 6.918 6.916 6.912 6.908 6.905 6.904
100-06 6.907 6.916 6.913 6.909 6.905 6.902 6.900
100-06+ 6.904 6.913 6.910 6.906 6.902 6.899 6.897
100-07 6.901 6.910 6.907 6.903 6.898 6.895 6.893
100-07+ 6.897 6.907 6.904 6.900 6.895 6.892 6.890
First Payment 3.042 3.042 3.042 3.042 3.042 3.042 3.042
Average Life 6.305 7.155 6.852 6.521 6.120 5.914 5.775
Last Payment 15.208 21.458 19.125 16.875 13.875 12.542 11.458
Mod.Dur. @ 100-00 4.881 5.377 5.204 5.011 4.769 4.639 4.550
</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>
CURRENT BALANCE: $350,000,000.00 DATED DATE: 06/27/97
ucfc7bf FIRST PAYMENT: 07/15/97
FACTOR: 1.0000000000 TOTAL CLASSES: 9
ORIGINAL BALANCE: $350,000,000.00 BOND A7 DISCOUNT MARGIN ACT/360 TABLE YIELD TABLE DATE: 06/30/97
ASSUMED CONSTANT LIBOR-1M 5.6875
***** TO CALL *****
PRICING SPEED
25.0%/ 25.00%/ 25.00%/ 25.00%/ 25.00%/ 25.00%/ 25.00%/
PRICE 100PPC 50PPC 75PPC 125PPC 150PPC 175PPC 200PPC
<S> <C> <C> <C> <C> <C> <C> <C>
99-24 32.900 29.607 31.307 34.437 35.991 37.559 39.195
99-24+ 32.343 29.256 30.849 33.784 35.240 36.710 38.243
99-25 31.785 28.905 30.392 33.130 34.489 35.860 37.291
99-25+ 31.228 28.554 29.934 32.476 33.738 35.011 36.340
99-26 30.671 28.203 29.477 31.823 32.987 34.163 35.388
99-26+ 30.114 27.852 29.019 31.170 32.237 33.314 34.437
99-27 29.557 27.501 28.562 30.517 31.487 32.466 33.487
99-27+ 29.000 27.150 28.105 29.864 30.737 31.617 32.536
99-28 28.444 26.799 27.648 29.211 29.987 30.770 31.586
99-28+ 27.887 26.449 27.191 28.559 29.237 29.922 30.636
99-29 27.331 26.098 26.735 27.906 28.487 29.074 29.686
99-29+ 26.775 25.748 26.278 27.254 27.738 28.227 28.737
99-30 26.219 25.398 25.821 26.602 26.989 27.380 27.787
99-30+ 25.663 25.047 25.365 25.950 26.240 26.533 26.838
99-31 25.107 24.697 24.909 25.298 25.491 25.686 25.890
99-31+ 24.551 24.347 24.453 24.646 24.743 24.840 24.941
100-00 23.996 23.997 23.996 23.995 23.994 23.993 23.993
100-00+ 23.440 23.647 23.540 23.344 23.246 23.147 23.045
100-01 22.885 23.298 23.085 22.692 22.498 22.302 22.097
100-01+ 22.330 22.948 22.629 22.041 21.750 21.456 21.149
100-02 21.775 22.598 22.173 21.391 21.002 20.610 20.202
100-02+ 21.220 22.249 21.718 20.740 20.255 19.765 19.255
100-03 20.665 21.899 21.262 20.089 19.508 18.920 18.308
100-03+ 20.111 21.550 20.807 19.439 18.760 18.075 17.361
100-04 19.556 21.201 20.352 18.789 18.014 17.231 16.415
100-04+ 19.002 20.851 19.897 18.139 17.267 16.386 15.468
100-05 18.448 20.502 19.442 17.489 16.520 15.542 14.523
100-05+ 17.894 20.153 18.987 16.839 15.774 14.698 13.577
100-06 17.340 19.804 18.532 16.190 15.028 13.855 12.631
100-06+ 16.786 19.455 18.077 15.540 14.282 13.011 11.686
100-07 16.232 19.107 17.623 14.891 13.536 12.168 10.741
100-07+ 15.679 18.758 17.168 14.242 12.790 11.325 9.797
First Payment 0.042 0.042 0.042 0.042 0.042 0.042 0.042
Average Life 3.169 5.486 3.979 2.651 2.275 1.991 1.761
Last Payment 7.125 11.125 8.458 6.375 5.792 5.458 5.208
Mod.Dur. @ 100-00 2.702 4.289 3.291 2.304 2.005 1.773 1.582
</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.
