<PAGE>
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
----------
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15 (d)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (date of earliest event reported) December 28, 1998
UCFC Acceptance Corporation
(Exact name of registrant as specified in its charter)
Louisiana 333-37499 72-123-5336
(State or other jurisdiction of (Commission (IRS Employer
incorporation) File Number) ID Number)
4041 Essen Lane, Baton Rouge, Louisiana 70809
(Address of principal executive offices) (Zip Code)
Registrant's Telephone Number,
including area code: (225) 924-6007
N/A
(Former name or former address, if changed since last report)
<PAGE>
Item 5. Other Events
Filing of Computational Materials.*
Pursuant to Rule 424(b) under the Securities Act of 1933, as amended, UCFC
Acceptance Corporation (the "Depositor") is filing a prospectus and prospectus
supplement with the Securities and Exchange Commission relating to its Home
Equity Loan Asset-Backed Certificates, Series 1998-D.
In connection with the offering of the Home Equity Loan Asset-Backed
Certificates, Series 1998-D, Prudential Securities Incorporated and Morgan
Stanley & Co. Incorporated prepared certain materials (the "Computational
Materials") some or all of which were distributed by each of Prudential
Securities Incorporated, Morgan Stanley & Co. Incorporated and Bear, Stearns &
Co. Inc. to their potential investors. Although the Depositor provided the
Underwriters with certain information regarding the characteristics of the Home
Equity Loans in the related portfolio, it did not participate in the preparation
of the Computational Materials. The Computational Materials are attached hereto
as Exhibits 99.1, 99.2 and 99.3.
- ----------
* Capitalized terms used and not otherwise defined herein shall have the
meanings assigned to them in the Prospectus dated September 22, 1998, and
Prospectus Supplement dated December 28, 1998, of UCFC Acceptance
Corporation, relating to its Home Equity Loan Asset-Backed Certificates,
Series 1998-D.
-2-
<PAGE>
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
(a) Not applicable.
(b) Not applicable.
(c) Exhibits:
99.1 Computational Materials of Morgan Stanley & Co. Incorporated.
99.2 Computational Materials of Bear, Stearns & Co. Inc.
99.3 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: December 28, 1998
-4-
<PAGE>
EXHIBIT INDEX
-------------
Exhibit Page
- ------- ----
99.1 Computational Materials of Morgan Stanley & Co. Incorporated.
99.2 Computational Materials of Bear, Stearns & Co. Inc.
99.3 Computational Materials of Prudential Securities Incorporated.
-5-
================================================================================
Morgan Stanley DEAN WITTER [LOGO] December 16, 1998
Asset Finance Group
ABS/MBS Capital Markets
================================================================================
Computational Materials
$728,250,000
UCFC HOME EQUITY LOAN ASSET-BACKED
CERTIFICATES, SERIES 1998-D
$213,750,000 Group II Certificates Offered Herein
Home Equity Loan ABS
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 UCFC with respect to the expected characteristics of the
pool of home equity loans in which these securities will represent undivided
beneficial interests. The actual characteristics and performance of the home
equity loans will differ from the assumptions used in preparing these materials,
which are hypothetical in nature. Changes in the assumptions may have a material
impact on the information set forth in these materials. No representation is
made that any performance or return indicated herein will be achieved. For
example, it is very unlikely that the loans will prepay at a constant rate or
follow a predictable pattern. This information may not be used or otherwise
disseminated in connection with the offer or sale of these or any other
securities, except in connection with the initial offer or sale of these
securities to you to the extent set forth below. With respect to yield and
prepayment information enclosed, the depositor has not prepared, reviewed, or
participated in the preparation of such materials; is not responsible for the
accuracy of such materials; and has not authorized the dissemination of such
materials. 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 no
constitute an offer to buy or sell or a solicitation of an offer to buy or sell
any security or instrument or to participate in any particular trading strategy.
ANY SUCH OFFER TO BUY OR SELL ANY SECURITY WOULD BE MADE PURSUANT TO A
DEFINITIVE PROSPECTUS AND PROSPECTUS SUPPLEMENT PREPARED BY THE ISSUER WHICH
WOULD CONTAIN MATERIAL INFORMATION NOT CONTAINED IN THESE MATERIALS. SUCH
PROSPECTUS AND PROSPECTUS SUPPLEMENT WILL CONTAIN ALL MATERIAL INFORMATION IN
RESPECT OF ANY SUCH SECURITY OFFERED THEREBY AND ANY DECISION TO INVEST IN SUCH
SECURITIES SHOULD BE MADE SOLELY IN RELIANCE UPON SUCH PROSPECTUS AND PROSPECTUS
SUPPLEMENT. ANY CAPITALIZED TERMS USED BUT NOT DEFINED HEREIN ARE TO BE READ IN
CONJUNCTION WITH SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT. In the event of any
such offering, these materials, including any description of the loans contained
herein, shall be deemed superseded, amended and supplemented in their entirety
by such Prospectus and Prospectus Supplement. To Our Readers Worldwide: In
addition, please note that this information has been provided by Morgan Stanley
& Co. Incorporated and approved by Morgan Stanley & Co. International Limited, a
member of the Securities and Futures Authority, and Morgan Stanley Japan Ltd. We
recommend that investors obtain the advice of their Morgan Stanley & Co.
International Limited or Morgan Stanley Japan Ltd. representative about the
investment concerned. NOT FOR DISTRIBUTION TO PRIVATE CUSTOMERS AS DEFINED BY
THE U.K. SECURITIES AND FUTURES AUTHORITY.
<PAGE>
================================================================================
Morgan Stanley DEAN WITTER [LOGO] December 16, 1998
Asset Finance Group
ABS/MBS Capital Markets
================================================================================
$213.75 Million UCFC Home Equity Loan Asset-Backed Certificates,
Series 1998-D
EMC Mortgage Corporation
Servicer
Transaction Highlights
<TABLE>
<CAPTION>
- -------------------------------------------------------------------------------------------------------------------------------
Payment
Class Size Class Size Tranche Type Expected Ratings Average Life Window To Price
Class ($millions) (%) (Pool/Type) (Moody's/S&P/Fitch) To Call/Mty Day Count Call/Mty Benchmark Talk
===============================================================================================================================
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
AV-1 167.625 74.50% ARM/Floater Aaa/AAA/AAA 2.66/2.84 Actual/360 95/212 1-month LIBOR +[ ]
MV-1 19.125 8.50% ARM/Mezzanine Aa2/AA/AA 5.55/6.23 Actual/360 59/156 1-month LIBOR +[ ]
MV-2 14.625 6.50% ARM/Mezzanine A2/A/A 5.55/6.19 Actual/360 59/143 1-month LIBOR +[ ]
BV-1 12.375 5.50% ARM/Subordinate Baa2/BBB/BBB 5.55/6.13 Actual/360 59/127 1-month LIBOR +[ ]
- -------------------------------------------------------------------------------------------------------------------------------
Total $213.750 -- -- -- -- -- -- -- --
- -------------------------------------------------------------------------------------------------------------------------------
</TABLE>
Depositor: UCFC Acceptance Corporation.
Servicer: EMC Mortgage Corporation, a wholly owned
subsidiary of The Bear Stearns Companies Inc.
Servicing Fees: Base Servicing Fee of 50 bps per annum and a
Supplemental Servicing Fee.
Trustee: Bankers Trust Company of California, N.A.
Managers: MORGAN STANLEY DEAN WITTER (lead manager), Bear,
Stearns & Co. (co-manager).
Group II Portfolio: Conventional adjustable rate home equity loans
secured by first lien mortgages only. See
"Collateral Description" herein for more detail.
Group II Portfolio Pricing
Prepayment Speed: For the 3/27 loans, 100% PPC. 100% PPC assumes
4.0% CPR in the first month increasing linearly to
30.0% CPR in month 30, remaining constant at 30.0%
CPR from months 30 to 40, and reducing to 25% CPR
for months 41 and thereafter. For all other ARM
products, 28% CPR.
Expected Pricing Date: Friday, December 18, 1998.
Expected Settlement: December 30, 1998, through DTC, Euroclear and
CEDEL.
Distribution Dates: The 15th of each month, beginning January, 1999.
Available Funds Cap: The pass-through rates on Classes AV-1, MV-1,
MV-2, and BV-1 are subject to an available funds
cap. The available funds cap is equal to the loan
rate on the mortgage loans less the servicing fee,
trustee fee, and 75 bps per annum.
Clean-up Call: 10% of the original aggregate Group I and Group II
mortgage loan principal balance.
Coupon Step Up: After the Clean-up Call Date, the spread to LIBOR
on Classes AV-1, MV-1, MV-2, BV-1 will increase by
50 bps.
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 UCFC with respect to the expected characteristics of the
pool of home equity loans in which these securities will represent undivided
beneficial interests. The actual characteristics and performance of the home
equity loans will differ from the assumptions used in preparing these materials,
which are hypothetical in nature. Changes in the assumptions may have a material
impact on the information set forth in these materials. No representation is
made that any performance or return indicated herein will be achieved. For
example, it is very unlikely that the loans will prepay at a constant rate or
follow a predictable pattern. This information may not be used or otherwise
disseminated in connection with the offer or sale of these or any other
securities, except in connection with the initial offer or sale of these
securities to you to the extent set forth below. With respect to yield and
prepayment information enclosed, the depositor has not prepared, reviewed, or
participated in the preparation of such materials; is not responsible for the
accuracy of such materials; and has not authorized the dissemination of such
materials. 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 no
constitute an offer to buy or sell or a solicitation of an offer to buy or sell
any security or instrument or to participate in any particular trading strategy.
ANY SUCH OFFER TO BUY OR SELL ANY SECURITY WOULD BE MADE PURSUANT TO A
DEFINITIVE PROSPECTUS AND PROSPECTUS SUPPLEMENT PREPARED BY THE ISSUER WHICH
WOULD CONTAIN MATERIAL INFORMATION NOT CONTAINED IN THESE MATERIALS. SUCH
PROSPECTUS AND PROSPECTUS SUPPLEMENT WILL CONTAIN ALL MATERIAL INFORMATION IN
RESPECT OF ANY SUCH SECURITY OFFERED THEREBY AND ANY DECISION TO INVEST IN SUCH
SECURITIES SHOULD BE MADE SOLELY IN RELIANCE UPON SUCH PROSPECTUS AND PROSPECTUS
SUPPLEMENT. ANY CAPITALIZED TERMS USED BUT NOT DEFINED HEREIN ARE TO BE READ IN
CONJUNCTION WITH SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT. In the event of any
such offering, these materials, including any description of the loans contained
herein, shall be deemed superseded, amended and supplemented in their entirety
by such Prospectus and Prospectus Supplement. To Our Readers Worldwide: In
addition, please note that this information has been provided by Morgan Stanley
& Co. Incorporated and approved by Morgan Stanley & Co. International Limited, a
member of the Securities and Futures Authority, and Morgan Stanley Japan Ltd. We
recommend that investors obtain the advice of their Morgan Stanley & Co.
International Limited or Morgan Stanley Japan Ltd. representative about the
investment concerned. NOT FOR DISTRIBUTION TO PRIVATE CUSTOMERS AS DEFINED BY
THE U.K. SECURITIES AND FUTURES AUTHORITY.
<PAGE>
Transaction Highlights
(continued)
Tax Status: REMIC
ERISA Eligibility: The Class AV-1 certificates are ERISA eligible.
Classes MV-1, MV-2, and BV-1 are not ERISA
eligible.
SMMEA Eligibility: The Class AV-1, MV-1, MV-2, and BV-1 certificates
are not SMMEA eligible
Credit Enhancement: A combination of the following:
i) monthly excess cash flow;
ii) overcollateralization;
iii) cross-collateralization with Group I Fixed
Rate Pool; and
iv) subordination of the BV-1, MV-2 and the MV-1.
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 UCFC with respect to the expected characteristics of the
pool of home equity loans in which these securities will represent undivided
beneficial interests. The actual characteristics and performance of the home
equity loans will differ from the assumptions used in preparing these materials,
which are hypothetical in nature. Changes in the assumptions may have a material
impact on the information set forth in these materials. No representation is
made that any performance or return indicated herein will be achieved. For
example, it is very unlikely that the loans will prepay at a constant rate or
follow a predictable pattern. This information may not be used or otherwise
disseminated in connection with the offer or sale of these or any other
securities, except in connection with the initial offer or sale of these
securities to you to the extent set forth below. With respect to yield and
prepayment information enclosed, the depositor has not prepared, reviewed, or
participated in the preparation of such materials; is not responsible for the
accuracy of such materials; and has not authorized the dissemination of such
materials. 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 no
constitute an offer to buy or sell or a solicitation of an offer to buy or sell
any security or instrument or to participate in any particular trading strategy.
ANY SUCH OFFER TO BUY OR SELL ANY SECURITY WOULD BE MADE PURSUANT TO A
DEFINITIVE PROSPECTUS AND PROSPECTUS SUPPLEMENT PREPARED BY THE ISSUER WHICH
WOULD CONTAIN MATERIAL INFORMATION NOT CONTAINED IN THESE MATERIALS. SUCH
PROSPECTUS AND PROSPECTUS SUPPLEMENT WILL CONTAIN ALL MATERIAL INFORMATION IN
RESPECT OF ANY SUCH SECURITY OFFERED THEREBY AND ANY DECISION TO INVEST IN SUCH
SECURITIES SHOULD BE MADE SOLELY IN RELIANCE UPON SUCH PROSPECTUS AND PROSPECTUS
SUPPLEMENT. ANY CAPITALIZED TERMS USED BUT NOT DEFINED HEREIN ARE TO BE READ IN
CONJUNCTION WITH SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT. In the event of any
such offering, these materials, including any description of the loans contained
herein, shall be deemed superseded, amended and supplemented in their entirety
by such Prospectus and Prospectus Supplement. To Our Readers Worldwide: In
addition, please note that this information has been provided by Morgan Stanley
& Co. Incorporated and approved by Morgan Stanley & Co. International Limited, a
member of the Securities and Futures Authority, and Morgan Stanley Japan Ltd. We
recommend that investors obtain the advice of their Morgan Stanley & Co.
International Limited or Morgan Stanley Japan Ltd. representative about the
investment concerned. NOT FOR DISTRIBUTION TO PRIVATE CUSTOMERS AS DEFINED BY
THE U.K. SECURITIES AND FUTURES AUTHORITY.
<PAGE>
Decrement Tables
<TABLE>
<CAPTION>
Tranche AV-1 Tranche MV-1
------------ ------------
--------- ----------
Date 0% 75% 100% 150% 200% 0% 75% 100% 150% 200%
---- -- --- ---- ---- ---- -- --- ---- ---- ----
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
12/30/1998 100 100 100 100 100 100 100 100 100 100
12/15/1999 96 84 80 72 63 100 100 100 100 100
12/15/2000 95 64 54 36 20 100 100 100 100 100
12/15/2001 94 41 27 4 0 100 100 100 100 0
12/15/2002 93 26 20 4 0 100 98 74 95 0
12/15/2003 92 21 15 4 0 100 79 55 45 0
12/15/2004 91 17 11 4 0 100 63 40 15 0
12/15/2005 89 13 8 2 0 100 51 30 9 0
12/15/2006 88 11 6 1 0 100 40 22 6 0
12/15/2007 86 9 4 1 0 100 32 16 3 0
12/15/2008 84 7 3 1 0 100 26 12 1 0
12/15/2009 82 5 2 0 0 100 21 9 0 0
12/15/2010 80 4 2 0 0 100 16 6 0 0
12/15/2011 77 3 1 0 0 100 13 5 0 0
12/15/2012 74 3 1 0 0 100 10 3 0 0
12/15/2013 71 2 1 0 0 100 8 2 0 0
12/15/2014 67 2 0 0 0 100 6 0 0 0
12/15/2015 63 1 0 0 0 100 5 0 0 0
12/15/2016 59 1 0 0 0 100 4 0 0 0
12/15/2017 54 1 0 0 0 100 3 0 0 0
12/15/2018 49 1 0 0 0 100 1 0 0 0
12/15/2019 43 0 0 0 0 100 0 0 0 0
12/15/2020 36 0 0 0 0 100 0 0 0 0
12/15/2021 29 0 0 0 0 100 0 0 0 0
12/15/2022 24 0 0 0 0 91 0 0 0 0
12/15/2023 20 0 0 0 0 77 0 0 0 0
12/15/2024 16 0 0 0 0 61 0 0 0 0
12/15/2025 12 0 0 0 0 43 0 0 0 0
12/15/2026 6 0 0 0 0 24 0 0 0 0
12/15/2027 1 0 0 0 0 4 0 0 0 0
12/15/2028 0 0 0 0 0 0 0 0 0 0
Average Life 18.19 3.65 2.84 1.79 1.30 26.50 8.26 6.23 5.22 2.70
First Prin 1/15/1999 1/15/1999 1/15/1999 1/15/1999 1/15/1999 4/15/2022 11/15/2002 1/15/2002 12/15/2002 7/15/2001
Last Prin 4/15/2028 7/15/2021 8/15/2016 5/15/2010 7/15/2001 3/15/2028 10/15/2019 12/15/2014 4/15/2009 11/15/2001
Avg. Life to Call 18.13 3.40 2.66 1.68 1.30 26.27 7.33 5.55 4.73 2.70
--------- ----------
</TABLE>
Note: Scenarios delineated based on percentage of prepayment speed assumption.
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 UCFC with respect to the expected characteristics of the
pool of home equity loans in which these securities will represent undivided
beneficial interests. The actual characteristics and performance of the home
equity loans will differ from the assumptions used in preparing these materials,
which are hypothetical in nature. Changes in the assumptions may have a material
impact on the information set forth in these materials. No representation is
made that any performance or return indicated herein will be achieved. For
example, it is very unlikely that the loans will prepay at a constant rate or
follow a predictable pattern. This information may not be used or otherwise
disseminated in connection with the offer or sale of these or any other
securities, except in connection with the initial offer or sale of these
securities to you to the extent set forth below. With respect to yield and
prepayment information enclosed, the depositor has not prepared, reviewed, or
participated in the preparation of such materials; is not responsible for the
accuracy of such materials; and has not authorized the dissemination of such
materials. 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 no
constitute an offer to buy or sell or a solicitation of an offer to buy or sell
any security or instrument or to participate in any particular trading strategy.
ANY SUCH OFFER TO BUY OR SELL ANY SECURITY WOULD BE MADE PURSUANT TO A
DEFINITIVE PROSPECTUS AND PROSPECTUS SUPPLEMENT PREPARED BY THE ISSUER WHICH
WOULD CONTAIN MATERIAL INFORMATION NOT CONTAINED IN THESE MATERIALS. SUCH
PROSPECTUS AND PROSPECTUS SUPPLEMENT WILL CONTAIN ALL MATERIAL INFORMATION IN
RESPECT OF ANY SUCH SECURITY OFFERED THEREBY AND ANY DECISION TO INVEST IN SUCH
SECURITIES SHOULD BE MADE SOLELY IN RELIANCE UPON SUCH PROSPECTUS AND PROSPECTUS
SUPPLEMENT. ANY CAPITALIZED TERMS USED BUT NOT DEFINED HEREIN ARE TO BE READ IN
CONJUNCTION WITH SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT. In the event of any
such offering, these materials, including any description of the loans contained
herein, shall be deemed superseded, amended and supplemented in their entirety
by such Prospectus and Prospectus Supplement. To Our Readers Worldwide: In
addition, please note that this information has been provided by Morgan Stanley
& Co. Incorporated and approved by Morgan Stanley & Co. International Limited, a
member of the Securities and Futures Authority, and Morgan Stanley Japan Ltd. We
recommend that investors obtain the advice of their Morgan Stanley & Co.
International Limited or Morgan Stanley Japan Ltd. representative about the
investment concerned. NOT FOR DISTRIBUTION TO PRIVATE CUSTOMERS AS DEFINED BY
THE U.K. SECURITIES AND FUTURES AUTHORITY.
<PAGE>
Decrement Tables
(continued)
<TABLE>
<CAPTION>
Tranche MV-2 Tranche BV-1
------------- -------------
---------- ---------
Date 0% 75% 100% 150% 200% 0% 75% 100% 150% 200%
---- -- --- ---- ---- ---- -- --- ---- ---- ----
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
12/30/1998 100 100 100 100 100 100 100 100 100 100
12/15/1999 100 100 100 100 100 100 100 100 100 100
12/15/2000 100 100 100 100 100 100 100 100 100 100
12/15/2001 100 100 100 100 77 100 100 100 100 100
12/15/2002 100 98 74 39 77 100 98 74 39 38
12/15/2003 100 79 55 24 46 100 79 55 24 9
12/15/2004 100 63 40 15 23 100 63 40 15 1
12/15/2005 100 51 30 9 8 100 51 30 9 0
12/15/2006 100 40 22 6 0 100 40 22 4 0
12/15/2007 100 32 16 2 0 100 32 16 0 0
12/15/2008 100 26 12 0 0 100 26 12 0 0
12/15/2009 100 21 9 0 0 100 21 9 0 0
12/15/2010 100 16 6 0 0 100 16 6 0 0
12/15/2011 100 13 5 0 0 100 13 2 0 0
12/15/2012 100 10 2 0 0 100 10 0 0 0
12/15/2013 100 8 0 0 0 100 8 0 0 0
12/15/2014 100 6 0 0 0 100 5 0 0 0
12/15/2015 100 5 0 0 0 100 2 0 0 0
12/15/2016 100 4 0 0 0 100 0 0 0 0
12/15/2017 100 1 0 0 0 100 0 0 0 0
12/15/2018 100 0 0 0 0 100 0 0 0 0
12/15/2019 100 0 0 0 0 100 0 0 0 0
12/15/2020 100 0 0 0 0 100 0 0 0 0
12/15/2021 100 0 0 0 0 100 0 0 0 0
12/15/2022 91 0 0 0 0 91 0 0 0 0
12/15/2023 77 0 0 0 0 77 0 0 0 0
12/15/2024 61 0 0 0 0 61 0 0 0 0
12/15/2025 43 0 0 0 0 43 0 0 0 0
12/15/2026 24 0 0 0 0 24 0 0 0 0
12/15/2027 3 0 0 0 0 0 0 0 0 0
12/15/2028 0 0 0 0 0 0 0 0 0 0
Average Life 26.49 8.22 6.19 4.53 4.93 26.49 8.14 6.13 4.32 4.02
First Prin 4/15/2022 11/15/2002 1/15/2002 6/15/2002 11/15/2001 4/15/2022 11/15/2002 1/15/2002 3/15/2002 6/15/2002
Last Prin 2/15/2028 6/15/2018 11/15/2013 7/15/2008 12/15/2006 12/15/2027 11/15/2016 7/15/2012 9/15/2007 2/15/2005
Avg. Life to Call 26.27 7.33 5.55 4.13 3.47 26.27 7.33 5.55 3.96 3.60
---------- ---------
</TABLE>
Note: Scenarios delineated based on percentage of prepayment speed assumption.
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 UCFC with respect to the expected characteristics of the
pool of home equity loans in which these securities will represent undivided
beneficial interests. The actual characteristics and performance of the home
equity loans will differ from the assumptions used in preparing these materials,
which are hypothetical in nature. Changes in the assumptions may have a material
impact on the information set forth in these materials. No representation is
made that any performance or return indicated herein will be achieved. For
example, it is very unlikely that the loans will prepay at a constant rate or
follow a predictable pattern. This information may not be used or otherwise
disseminated in connection with the offer or sale of these or any other
securities, except in connection with the initial offer or sale of these
securities to you to the extent set forth below. With respect to yield and
prepayment information enclosed, the depositor has not prepared, reviewed, or
participated in the preparation of such materials; is not responsible for the
accuracy of such materials; and has not authorized the dissemination of such
materials. 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 no
constitute an offer to buy or sell or a solicitation of an offer to buy or sell
any security or instrument or to participate in any particular trading strategy.
ANY SUCH OFFER TO BUY OR SELL ANY SECURITY WOULD BE MADE PURSUANT TO A
DEFINITIVE PROSPECTUS AND PROSPECTUS SUPPLEMENT PREPARED BY THE ISSUER WHICH
WOULD CONTAIN MATERIAL INFORMATION NOT CONTAINED IN THESE MATERIALS. SUCH
PROSPECTUS AND PROSPECTUS SUPPLEMENT WILL CONTAIN ALL MATERIAL INFORMATION IN
RESPECT OF ANY SUCH SECURITY OFFERED THEREBY AND ANY DECISION TO INVEST IN SUCH
SECURITIES SHOULD BE MADE SOLELY IN RELIANCE UPON SUCH PROSPECTUS AND PROSPECTUS
SUPPLEMENT. ANY CAPITALIZED TERMS USED BUT NOT DEFINED HEREIN ARE TO BE READ IN
CONJUNCTION WITH SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT. In the event of any
such offering, these materials, including any description of the loans contained
herein, shall be deemed superseded, amended and supplemented in their entirety
by such Prospectus and Prospectus Supplement. To Our Readers Worldwide: In
addition, please note that this information has been provided by Morgan Stanley
& Co. Incorporated and approved by Morgan Stanley & Co. International Limited, a
member of the Securities and Futures Authority, and Morgan Stanley Japan Ltd. We
recommend that investors obtain the advice of their Morgan Stanley & Co.
International Limited or Morgan Stanley Japan Ltd. representative about the
investment concerned. NOT FOR DISTRIBUTION TO PRIVATE CUSTOMERS AS DEFINED BY
THE U.K. SECURITIES AND FUTURES AUTHORITY.
<PAGE>
UCFC 1998-D Collateral Description
Note: The description of the collateral herein will be superseded
by the description of the collateral in the prospectus.
ARM Home Equity Loans - Group II
Aggregate Pool Balance: $173,471,706.45
Number of Loans: 2,080
Average Outstanding Balance: $83,400 (min: $7,745 / max:
$520,000)
Total Original Balance: $173,654,970
Average Original Balance: $83,488 (min: $7,800 / max:
$520,000)
Lien Position: 100% first liens
WA Original Combined Loan to Value Ratio: 81.92% (58.07% >80%, min: 9.60% /
max: 100.00%)
Loan Type: a) 84.01% 3-year fixed/6-month ARM
b) 13.20% 6-month ARM
c) 1.60% 2-year fixed/6-month ARM
d) 0.79% 3-year fixed/1-year ARM
e) 0.40% 6-month/1-year
WA Original Term: 350 months (0.09% < 180-mo., 93.48%
= 360-mo.; min: 120 / max: 360)
WA Remaining Term: 349 months (min: 118 / max: 360)
WA Seasoning: 2 months
Interest Rate Index: a) 98.81% 6-month LIBOR
b) 1.19% 1-year CMT
Latest Scheduled Maturity: January 1, 2029
Property Type: a) 91.00% single family
b) 3.35% 2-4 family
c) 3.05% condominium
d) 1.94% PUD
e) 0.66% other
Owner Occupancy: a) 97.96% owner occupied
b) 1.91% investor property
c) 0.13% second home
Geographic Distribution (> 5%): CA (16.75%), OH (7.96%), MI (7.27%)
WA Gross Coupon: 9.993% (current, min: 6.375%/ max:
13.250%)
WA Gross Margin: 5.458% (current, min: 2.750%/ max:
9.250%)
WA Months to Roll: 31.3 months
WA Floor: 8.92%
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 UCFC with respect to the expected characteristics of the
pool of home equity loans in which these securities will represent undivided
beneficial interests. The actual characteristics and performance of the home
equity loans will differ from the assumptions used in preparing these materials,
which are hypothetical in nature. Changes in the assumptions may have a material
impact on the information set forth in these materials. No representation is
made that any performance or return indicated herein will be achieved. For
example, it is very unlikely that the loans will prepay at a constant rate or
follow a predictable pattern. This information may not be used or otherwise
disseminated in connection with the offer or sale of these or any other
securities, except in connection with the initial offer or sale of these
securities to you to the extent set forth below. With respect to yield and
prepayment information enclosed, the depositor has not prepared, reviewed, or
participated in the preparation of such materials; is not responsible for the
accuracy of such materials; and has not authorized the dissemination of such
materials. 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 no
constitute an offer to buy or sell or a solicitation of an offer to buy or sell
any security or instrument or to participate in any particular trading strategy.
ANY SUCH OFFER TO BUY OR SELL ANY SECURITY WOULD BE MADE PURSUANT TO A
DEFINITIVE PROSPECTUS AND PROSPECTUS SUPPLEMENT PREPARED BY THE ISSUER WHICH
WOULD CONTAIN MATERIAL INFORMATION NOT CONTAINED IN THESE MATERIALS. SUCH
PROSPECTUS AND PROSPECTUS SUPPLEMENT WILL CONTAIN ALL MATERIAL INFORMATION IN
RESPECT OF ANY SUCH SECURITY OFFERED THEREBY AND ANY DECISION TO INVEST IN SUCH
SECURITIES SHOULD BE MADE SOLELY IN RELIANCE UPON SUCH PROSPECTUS AND PROSPECTUS
SUPPLEMENT. ANY CAPITALIZED TERMS USED BUT NOT DEFINED HEREIN ARE TO BE READ IN
CONJUNCTION WITH SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT. In the event of any
such offering, these materials, including any description of the loans contained
herein, shall be deemed superseded, amended and supplemented in their entirety
by such Prospectus and Prospectus Supplement. To Our Readers Worldwide: In
addition, please note that this information has been provided by Morgan Stanley
& Co. Incorporated and approved by Morgan Stanley & Co. International Limited, a
member of the Securities and Futures Authority, and Morgan Stanley Japan Ltd. We
recommend that investors obtain the advice of their Morgan Stanley & Co.
International Limited or Morgan Stanley Japan Ltd. representative about the
investment concerned. NOT FOR DISTRIBUTION TO PRIVATE CUSTOMERS AS DEFINED BY
THE U.K. SECURITIES AND FUTURES AUTHORITY.
<PAGE>
UCFC 1998-D Collateral Detail
Adjustable Rate Loans
-
Note: The description of the collateral herein will be superseded by the
description of the collateral in the prospectus.
- --------------------------------------------------------------------------------
% of
# Total Total
of Current Current
Adjustment Type Loans Balance Balance
- --------------------------------------------------------------------------------
ARM 2,080 173,471,706.45 100.00
- --------------------------------------------------------------------------------
Total: 2,080 173,471,706.45 100.00
- --------------------------------------------------------------------------------
% of
# Total Total
of Current Current
Product Type (1) Loans Balance Balance
- --------------------------------------------------------------------------------
ARM - 3 Year/6 Month 1,798 145,742,252.78 84.01
- --------------------------------------------------------------------------------
ARM - 6 Month 235 22,892,626.68 13.20
- --------------------------------------------------------------------------------
ARM - 2 Year/6 Month 15 2,781,184.97 1.60
- --------------------------------------------------------------------------------
ARM - 3 Year/1 Year 19 1,365,156.77 0.79
- --------------------------------------------------------------------------------
ARM - 6 Month/1 Year 13 690,485.25 0.40
- --------------------------------------------------------------------------------
Total: 2,080 173,471,706.45 100.00
- --------------------------------------------------------------------------------
(1) Calculated based on Monthly Terms.
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 UCFC with respect to the expected characteristics of the
pool of home equity loans in which these securities will represent undivided
beneficial interests. The actual characteristics and performance of the home
equity loans will differ from the assumptions used in preparing these materials,
which are hypothetical in nature. Changes in the assumptions may have a material
impact on the information set forth in these materials. No representation is
made that any performance or return indicated herein will be achieved. For
example, it is very unlikely that the loans will prepay at a constant rate or
follow a predictable pattern. This information may not be used or otherwise
disseminated in connection with the offer or sale of these or any other
securities, except in connection with the initial offer or sale of these
securities to you to the extent set forth below. With respect to yield and
prepayment information enclosed, the depositor has not prepared, reviewed, or
participated in the preparation of such materials; is not responsible for the
accuracy of such materials; and has not authorized the dissemination of such
materials. 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 no
constitute an offer to buy or sell or a solicitation of an offer to buy or sell
any security or instrument or to participate in any particular trading strategy.
ANY SUCH OFFER TO BUY OR SELL ANY SECURITY WOULD BE MADE PURSUANT TO A
DEFINITIVE PROSPECTUS AND PROSPECTUS SUPPLEMENT PREPARED BY THE ISSUER WHICH
WOULD CONTAIN MATERIAL INFORMATION NOT CONTAINED IN THESE MATERIALS. SUCH
PROSPECTUS AND PROSPECTUS SUPPLEMENT WILL CONTAIN ALL MATERIAL INFORMATION IN
RESPECT OF ANY SUCH SECURITY OFFERED THEREBY AND ANY DECISION TO INVEST IN SUCH
SECURITIES SHOULD BE MADE SOLELY IN RELIANCE UPON SUCH PROSPECTUS AND PROSPECTUS
SUPPLEMENT. ANY CAPITALIZED TERMS USED BUT NOT DEFINED HEREIN ARE TO BE READ IN
CONJUNCTION WITH SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT. In the event of any
such offering, these materials, including any description of the loans contained
herein, shall be deemed superseded, amended and supplemented in their entirety
by such Prospectus and Prospectus Supplement. To Our Readers Worldwide: In
addition, please note that this information has been provided by Morgan Stanley
& Co. Incorporated and approved by Morgan Stanley & Co. International Limited, a
member of the Securities and Futures Authority, and Morgan Stanley Japan Ltd. We
recommend that investors obtain the advice of their Morgan Stanley & Co.
International Limited or Morgan Stanley Japan Ltd. representative about the
investment concerned. NOT FOR DISTRIBUTION TO PRIVATE CUSTOMERS AS DEFINED BY
THE U.K. SECURITIES AND FUTURES AUTHORITY.
<PAGE>
Note: The description of the collateral herein will be superseded by the
description of the collateral in the prospectus.
- --------------------------------------------------------------------------------
% of
# Total Total
of Current Current
Mortgage Rates (%) Loans Balance Balance
- --------------------------------------------------------------------------------
6.26 - 6.50 2 133,226.61 0.08
- --------------------------------------------------------------------------------
6.51 - 6.75 2 130,194.46 0.08
- --------------------------------------------------------------------------------
7.01 - 7.25 3 240,713.80 0.14
- --------------------------------------------------------------------------------
7.26 - 7.50 6 1,110,424.86 0.64
- --------------------------------------------------------------------------------
7.51 - 7.75 8 1,705,500.09 0.98
- --------------------------------------------------------------------------------
7.76 - 8.00 22 3,678,922.39 2.12
- --------------------------------------------------------------------------------
8.01 - 8.25 29 4,474,159.15 2.58
- --------------------------------------------------------------------------------
8.26 - 8.50 61 8,541,420.51 4.92
- --------------------------------------------------------------------------------
8.51 - 8.75 83 11,114,764.82 6.41
- --------------------------------------------------------------------------------
8.76 - 9.00 92 10,384,149.23 5.99
- --------------------------------------------------------------------------------
9.01 - 9.25 98 10,106,785.35 5.83
- --------------------------------------------------------------------------------
9.26 - 9.50 160 13,798,107.91 7.95
- --------------------------------------------------------------------------------
9.51 - 9.75 93 9,070,325.13 5.23
- --------------------------------------------------------------------------------
9.76 - 10.00 246 20,689,025.52 11.93
- --------------------------------------------------------------------------------
10.01 - 10.25 132 10,873,884.82 6.27
- --------------------------------------------------------------------------------
10.26 - 10.50 119 9,314,713.23 5.37
- --------------------------------------------------------------------------------
10.51 - 10.75 293 20,066,970.07 11.57
- --------------------------------------------------------------------------------
10.76 - 11.00 94 7,890,086.97 4.55
- --------------------------------------------------------------------------------
11.01 - 11.25 109 6,810,497.56 3.93
- --------------------------------------------------------------------------------
11.26 - 11.50 32 2,058,535.26 1.19
- --------------------------------------------------------------------------------
11.51 - 11.75 251 13,431,657.28 7.74
- --------------------------------------------------------------------------------
11.76 - 12.00 17 1,068,328.62 0.62
- --------------------------------------------------------------------------------
12.01 - 12.25 91 4,949,228.08 2.85
- --------------------------------------------------------------------------------
12.26 - 12.50 4 254,586.23 0.15
- --------------------------------------------------------------------------------
12.51 - 12.75 31 1,517,420.88 0.87
- --------------------------------------------------------------------------------
12.76 - 13.00 1 37,414.38 0.02
- --------------------------------------------------------------------------------
13.01 >= 1 20,663.24 0.01
- --------------------------------------------------------------------------------
Total: 2,080 173,471,706.45 100.00
- --------------------------------------------------------------------------------
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 UCFC with respect to the expected characteristics of the
pool of home equity loans in which these securities will represent undivided
beneficial interests. The actual characteristics and performance of the home
equity loans will differ from the assumptions used in preparing these materials,
which are hypothetical in nature. Changes in the assumptions may have a material
impact on the information set forth in these materials. No representation is
made that any performance or return indicated herein will be achieved. For
example, it is very unlikely that the loans will prepay at a constant rate or
follow a predictable pattern. This information may not be used or otherwise
disseminated in connection with the offer or sale of these or any other
securities, except in connection with the initial offer or sale of these
securities to you to the extent set forth below. With respect to yield and
prepayment information enclosed, the depositor has not prepared, reviewed, or
participated in the preparation of such materials; is not responsible for the
accuracy of such materials; and has not authorized the dissemination of such
materials. 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 no
constitute an offer to buy or sell or a solicitation of an offer to buy or sell
any security or instrument or to participate in any particular trading strategy.
ANY SUCH OFFER TO BUY OR SELL ANY SECURITY WOULD BE MADE PURSUANT TO A
DEFINITIVE PROSPECTUS AND PROSPECTUS SUPPLEMENT PREPARED BY THE ISSUER WHICH
WOULD CONTAIN MATERIAL INFORMATION NOT CONTAINED IN THESE MATERIALS. SUCH
PROSPECTUS AND PROSPECTUS SUPPLEMENT WILL CONTAIN ALL MATERIAL INFORMATION IN
RESPECT OF ANY SUCH SECURITY OFFERED THEREBY AND ANY DECISION TO INVEST IN SUCH
SECURITIES SHOULD BE MADE SOLELY IN RELIANCE UPON SUCH PROSPECTUS AND PROSPECTUS
SUPPLEMENT. ANY CAPITALIZED TERMS USED BUT NOT DEFINED HEREIN ARE TO BE READ IN
CONJUNCTION WITH SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT. In the event of any
such offering, these materials, including any description of the loans contained
herein, shall be deemed superseded, amended and supplemented in their entirety
by such Prospectus and Prospectus Supplement. To Our Readers Worldwide: In
addition, please note that this information has been provided by Morgan Stanley
& Co. Incorporated and approved by Morgan Stanley & Co. International Limited, a
member of the Securities and Futures Authority, and Morgan Stanley Japan Ltd. We
recommend that investors obtain the advice of their Morgan Stanley & Co.
International Limited or Morgan Stanley Japan Ltd. representative about the
investment concerned. NOT FOR DISTRIBUTION TO PRIVATE CUSTOMERS AS DEFINED BY
THE U.K. SECURITIES AND FUTURES AUTHORITY.
<PAGE>
Note: The description of the collateral herein will be superseded by the
description of the collateral in the prospectus.
-------------------------------------------------------------------------------
% of
# Total Total
Original Mortgage Loan of Current Current
Principal Balance ($) Loans Balance Balance
-------------------------------------------------------------------------------
1 - 25,000 78 1,591,423.55 0.92
-------------------------------------------------------------------------------
25,001 - 50,000 538 21,033,604.58 12.13
-------------------------------------------------------------------------------
50,001 - 75,000 612 38,117,159.34 21.97
-------------------------------------------------------------------------------
75,001 - 100,000 326 27,928,336.14 16.10
-------------------------------------------------------------------------------
100,001 - 125,000 196 21,899,839.16 12.62
-------------------------------------------------------------------------------
125,001 - 150,000 110 14,830,376.21 8.55
-------------------------------------------------------------------------------
150,001 - 175,000 70 11,391,211.06 6.57
-------------------------------------------------------------------------------
175,001 - 200,000 46 8,545,518.46 4.93
-------------------------------------------------------------------------------
200,001 - 225,000 26 5,507,190.58 3.17
-------------------------------------------------------------------------------
225,001 - 250,000 25 5,984,516.32 3.45
-------------------------------------------------------------------------------
250,001 - 275,000 15 3,917,383.64 2.26
-------------------------------------------------------------------------------
275,001 - 300,000 13 3,768,549.62 2.17
-------------------------------------------------------------------------------
300,001 >= 25 8,956,597.79 5.16
-------------------------------------------------------------------------------
Total: 2,080 173,471,706.45 100.00
-------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
% of
# Total Total
Current Mortgage Loan of Current Current
Principal Balance ($) Loans Balance Balance
- --------------------------------------------------------------------------------
0.01 - 25,000.00 79 1,616,420.15 0.93
- --------------------------------------------------------------------------------
25,000.01 - 50,000.00 538 21,039,799.39 12.13
- --------------------------------------------------------------------------------
50,000.01 - 75,000.00 611 38,085,967.93 21.96
- --------------------------------------------------------------------------------
75,000.01 - 100,000.00 328 28,124,975.31 16.21
- --------------------------------------------------------------------------------
100,000.01 - 125,000.00 194 21,703,199.99 12.51
- --------------------------------------------------------------------------------
125,000.01 - 150,000.00 110 14,830,376.21 8.55
- --------------------------------------------------------------------------------
150,000.01 - 175,000.00 70 11,391,211.06 6.57
- --------------------------------------------------------------------------------
175,000.01 - 200,000.00 46 8,545,518.46 4.93
- --------------------------------------------------------------------------------
200,000.01 - 225,000.00 26 5,507,190.58 3.17
- --------------------------------------------------------------------------------
225,000.01 - 250,000.00 25 5,984,516.32 3.45
- --------------------------------------------------------------------------------
250,000.01 - 275,000.00 15 3,917,383.64 2.26
- --------------------------------------------------------------------------------
275,000.01 - 300,000.00 13 3,768,549.62 2.17
- --------------------------------------------------------------------------------
300,000.01 >= 25 8,956,597.79 5.16
- --------------------------------------------------------------------------------
Total: 2,080 173,471,706.45 100.00
- --------------------------------------------------------------------------------
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 UCFC with respect to the expected characteristics of the
pool of home equity loans in which these securities will represent undivided
beneficial interests. The actual characteristics and performance of the home
equity loans will differ from the assumptions used in preparing these materials,
which are hypothetical in nature. Changes in the assumptions may have a material
impact on the information set forth in these materials. No representation is
made that any performance or return indicated herein will be achieved. For
example, it is very unlikely that the loans will prepay at a constant rate or
follow a predictable pattern. This information may not be used or otherwise
disseminated in connection with the offer or sale of these or any other
securities, except in connection with the initial offer or sale of these
securities to you to the extent set forth below. With respect to yield and
prepayment information enclosed, the depositor has not prepared, reviewed, or
participated in the preparation of such materials; is not responsible for the
accuracy of such materials; and has not authorized the dissemination of such
materials. 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 no
constitute an offer to buy or sell or a solicitation of an offer to buy or sell
any security or instrument or to participate in any particular trading strategy.
ANY SUCH OFFER TO BUY OR SELL ANY SECURITY WOULD BE MADE PURSUANT TO A
DEFINITIVE PROSPECTUS AND PROSPECTUS SUPPLEMENT PREPARED BY THE ISSUER WHICH
WOULD CONTAIN MATERIAL INFORMATION NOT CONTAINED IN THESE MATERIALS. SUCH
PROSPECTUS AND PROSPECTUS SUPPLEMENT WILL CONTAIN ALL MATERIAL INFORMATION IN
RESPECT OF ANY SUCH SECURITY OFFERED THEREBY AND ANY DECISION TO INVEST IN SUCH
SECURITIES SHOULD BE MADE SOLELY IN RELIANCE UPON SUCH PROSPECTUS AND PROSPECTUS
SUPPLEMENT. ANY CAPITALIZED TERMS USED BUT NOT DEFINED HEREIN ARE TO BE READ IN
CONJUNCTION WITH SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT. In the event of any
such offering, these materials, including any description of the loans contained
herein, shall be deemed superseded, amended and supplemented in their entirety
by such Prospectus and Prospectus Supplement. To Our Readers Worldwide: In
addition, please note that this information has been provided by Morgan Stanley
& Co. Incorporated and approved by Morgan Stanley & Co. International Limited, a
member of the Securities and Futures Authority, and Morgan Stanley Japan Ltd. We
recommend that investors obtain the advice of their Morgan Stanley & Co.
International Limited or Morgan Stanley Japan Ltd. representative about the
investment concerned. NOT FOR DISTRIBUTION TO PRIVATE CUSTOMERS AS DEFINED BY
THE U.K. SECURITIES AND FUTURES AUTHORITY.
<PAGE>
Note: The description of the collateral herein will be superseded by the
description of the collateral in the prospectus.
- --------------------------------------------------------------------------------
% of
Original # Total Total
Combined of Current Current
Loan-to-Value Ratio Loans Balance Balance
- --------------------------------------------------------------------------------
5.01 - 10.00 1 24,200.00 0.01
- --------------------------------------------------------------------------------
10.01 - 15.00 1 22,766.93 0.01
- --------------------------------------------------------------------------------
15.01 - 20.00 1 25,200.00 0.01
- --------------------------------------------------------------------------------
20.01 - 25.00 6 184,226.05 0.11
- --------------------------------------------------------------------------------
25.01 - 30.00 6 270,254.76 0.16
- --------------------------------------------------------------------------------
30.01 - 35.00 11 354,612.09 0.20
- --------------------------------------------------------------------------------
35.01 - 40.00 17 796,783.54 0.46
- --------------------------------------------------------------------------------
40.01 - 45.00 19 1,146,395.26 0.66
- --------------------------------------------------------------------------------
45.01 - 50.00 26 1,494,715.18 0.86
- --------------------------------------------------------------------------------
50.01 - 55.00 25 1,856,620.88 1.07
- --------------------------------------------------------------------------------
55.01 - 60.00 34 1,964,393.93 1.13
- --------------------------------------------------------------------------------
60.01 - 65.00 56 4,185,924.19 2.41
- --------------------------------------------------------------------------------
65.01 - 70.00 97 8,428,728.35 4.86
- --------------------------------------------------------------------------------
70.01 - 75.00 153 12,120,437.82 6.99
- --------------------------------------------------------------------------------
75.01 - 80.00 412 39,864,121.26 22.98
- --------------------------------------------------------------------------------
80.01 - 85.00 315 28,281,709.49 16.30
- --------------------------------------------------------------------------------
85.01 - 90.00 462 40,949,989.28 23.61
- --------------------------------------------------------------------------------
90.01 - 95.00 297 22,266,431.10 12.84
- --------------------------------------------------------------------------------
95.01 - 100.00 141 9,234,196.34 5.32
- --------------------------------------------------------------------------------
Total: 2,080 173,471,706.45 100.00
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
% of
# Total Total
of Current Current
Margin (%) Loans Balance Balance
- --------------------------------------------------------------------------------
0.01 - 4.00 169 15,248,154.17 8.79
- --------------------------------------------------------------------------------
4.01 - 4.25 59 5,171,523.56 2.98
- --------------------------------------------------------------------------------
4.26 - 4.50 234 18,297,560.58 10.55
- --------------------------------------------------------------------------------
4.51 - 4.75 43 3,783,606.14 2.18
- --------------------------------------------------------------------------------
4.76 - 5.00 144 16,805,808.37 9.69
- --------------------------------------------------------------------------------
5.01 - 5.25 348 28,094,392.50 16.20
- --------------------------------------------------------------------------------
5.26 - 5.50 54 5,318,037.20 3.07
- --------------------------------------------------------------------------------
5.51 - 5.75 302 23,566,995.46 13.59
- --------------------------------------------------------------------------------
5.76 - 6.00 277 18,002,420.09 10.38
- --------------------------------------------------------------------------------
6.01 - 6.25 68 6,554,105.71 3.78
- --------------------------------------------------------------------------------
6.26 - 6.50 193 11,837,500.38 6.82
- --------------------------------------------------------------------------------
6.51 - 6.75 39 5,279,559.78 3.04
- --------------------------------------------------------------------------------
6.76 - 7.00 48 4,964,073.20 2.86
- --------------------------------------------------------------------------------
7.01 >= 102 10,547,969.31 6.08
- --------------------------------------------------------------------------------
Total: 2,080 173,471,706.45 100.00
- --------------------------------------------------------------------------------
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 UCFC with respect to the expected characteristics of the
pool of home equity loans in which these securities will represent undivided
beneficial interests. The actual characteristics and performance of the home
equity loans will differ from the assumptions used in preparing these materials,
which are hypothetical in nature. Changes in the assumptions may have a material
impact on the information set forth in these materials. No representation is
made that any performance or return indicated herein will be achieved. For
example, it is very unlikely that the loans will prepay at a constant rate or
follow a predictable pattern. This information may not be used or otherwise
disseminated in connection with the offer or sale of these or any other
securities, except in connection with the initial offer or sale of these
securities to you to the extent set forth below. With respect to yield and
prepayment information enclosed, the depositor has not prepared, reviewed, or
participated in the preparation of such materials; is not responsible for the
accuracy of such materials; and has not authorized the dissemination of such
materials. 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 no
constitute an offer to buy or sell or a solicitation of an offer to buy or sell
any security or instrument or to participate in any particular trading strategy.
ANY SUCH OFFER TO BUY OR SELL ANY SECURITY WOULD BE MADE PURSUANT TO A
DEFINITIVE PROSPECTUS AND PROSPECTUS SUPPLEMENT PREPARED BY THE ISSUER WHICH
WOULD CONTAIN MATERIAL INFORMATION NOT CONTAINED IN THESE MATERIALS. SUCH
PROSPECTUS AND PROSPECTUS SUPPLEMENT WILL CONTAIN ALL MATERIAL INFORMATION IN
RESPECT OF ANY SUCH SECURITY OFFERED THEREBY AND ANY DECISION TO INVEST IN SUCH
SECURITIES SHOULD BE MADE SOLELY IN RELIANCE UPON SUCH PROSPECTUS AND PROSPECTUS
SUPPLEMENT. ANY CAPITALIZED TERMS USED BUT NOT DEFINED HEREIN ARE TO BE READ IN
CONJUNCTION WITH SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT. In the event of any
such offering, these materials, including any description of the loans contained
herein, shall be deemed superseded, amended and supplemented in their entirety
by such Prospectus and Prospectus Supplement. To Our Readers Worldwide: In
addition, please note that this information has been provided by Morgan Stanley
& Co. Incorporated and approved by Morgan Stanley & Co. International Limited, a
member of the Securities and Futures Authority, and Morgan Stanley Japan Ltd. We
recommend that investors obtain the advice of their Morgan Stanley & Co.
International Limited or Morgan Stanley Japan Ltd. representative about the
investment concerned. NOT FOR DISTRIBUTION TO PRIVATE CUSTOMERS AS DEFINED BY
THE U.K. SECURITIES AND FUTURES AUTHORITY.
<PAGE>
Note: The description of the collateral herein will be superseded by the
description of the collateral in the prospectus.
-------------------------------------------------------------------------------
% of
# Total Total
of Current Current
Maximum Mortgage Rates (%) Loans Balance Balance
-------------------------------------------------------------------------------
0.01 - 14.00 27 5,088,534.26 2.93
-------------------------------------------------------------------------------
14.01 - 14.25 23 3,397,708.95 1.96
-------------------------------------------------------------------------------
14.26 - 14.50 59 8,258,001.34 4.76
-------------------------------------------------------------------------------
14.51 - 14.75 75 10,014,760.10 5.77
-------------------------------------------------------------------------------
14.76 - 15.00 95 10,887,864.30 6.28
-------------------------------------------------------------------------------
15.01 - 15.25 99 10,489,793.77 6.05
-------------------------------------------------------------------------------
15.26 - 15.50 158 13,478,563.69 7.77
-------------------------------------------------------------------------------
15.51 - 15.75 100 9,954,288.27 5.74
-------------------------------------------------------------------------------
15.76 - 16.00 250 21,066,088.80 12.14
-------------------------------------------------------------------------------
16.01 - 16.25 141 12,064,838.80 6.95
-------------------------------------------------------------------------------
16.26 - 16.50 124 10,257,082.30 5.91
-------------------------------------------------------------------------------
16.51 - 16.75 292 19,731,337.37 11.37
-------------------------------------------------------------------------------
16.76 - 17.00 92 7,830,533.74 4.51
-------------------------------------------------------------------------------
17.01 - 17.25 109 6,810,497.56 3.93
-------------------------------------------------------------------------------
17.26 - 17.50 35 2,278,851.79 1.31
-------------------------------------------------------------------------------
17.51 - 17.75 251 13,707,840.91 7.90
-------------------------------------------------------------------------------
17.76 - 18.00 19 1,175,913.46 0.68
-------------------------------------------------------------------------------
18.01 >= 131 6,979,207.04 4.02
-------------------------------------------------------------------------------
Total: 2,080 173,471,706.45 100.00
-------------------------------------------------------------------------------
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 UCFC with respect to the expected characteristics of the
pool of home equity loans in which these securities will represent undivided
beneficial interests. The actual characteristics and performance of the home
equity loans will differ from the assumptions used in preparing these materials,
which are hypothetical in nature. Changes in the assumptions may have a material
impact on the information set forth in these materials. No representation is
made that any performance or return indicated herein will be achieved. For
example, it is very unlikely that the loans will prepay at a constant rate or
follow a predictable pattern. This information may not be used or otherwise
disseminated in connection with the offer or sale of these or any other
securities, except in connection with the initial offer or sale of these
securities to you to the extent set forth below. With respect to yield and
prepayment information enclosed, the depositor has not prepared, reviewed, or
participated in the preparation of such materials; is not responsible for the
accuracy of such materials; and has not authorized the dissemination of such
materials. 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 no
constitute an offer to buy or sell or a solicitation of an offer to buy or sell
any security or instrument or to participate in any particular trading strategy.
ANY SUCH OFFER TO BUY OR SELL ANY SECURITY WOULD BE MADE PURSUANT TO A
DEFINITIVE PROSPECTUS AND PROSPECTUS SUPPLEMENT PREPARED BY THE ISSUER WHICH
WOULD CONTAIN MATERIAL INFORMATION NOT CONTAINED IN THESE MATERIALS. SUCH
PROSPECTUS AND PROSPECTUS SUPPLEMENT WILL CONTAIN ALL MATERIAL INFORMATION IN
RESPECT OF ANY SUCH SECURITY OFFERED THEREBY AND ANY DECISION TO INVEST IN SUCH
SECURITIES SHOULD BE MADE SOLELY IN RELIANCE UPON SUCH PROSPECTUS AND PROSPECTUS
SUPPLEMENT. ANY CAPITALIZED TERMS USED BUT NOT DEFINED HEREIN ARE TO BE READ IN
CONJUNCTION WITH SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT. In the event of any
such offering, these materials, including any description of the loans contained
herein, shall be deemed superseded, amended and supplemented in their entirety
by such Prospectus and Prospectus Supplement. To Our Readers Worldwide: In
addition, please note that this information has been provided by Morgan Stanley
& Co. Incorporated and approved by Morgan Stanley & Co. International Limited, a
member of the Securities and Futures Authority, and Morgan Stanley Japan Ltd. We
recommend that investors obtain the advice of their Morgan Stanley & Co.
International Limited or Morgan Stanley Japan Ltd. representative about the
investment concerned. NOT FOR DISTRIBUTION TO PRIVATE CUSTOMERS AS DEFINED BY
THE U.K. SECURITIES AND FUTURES AUTHORITY.
<PAGE>
Note: The description of the collateral herein will be superseded by the
description of the collateral in the prospectus.
- --------------------------------------------------------------------------------
% of
# Total Total
of Current Current
Minimum Mortgage Rates (%) Loans Balance Balance
- --------------------------------------------------------------------------------
0.01 - 6.00 17 3,736,083.29 2.15
- --------------------------------------------------------------------------------
6.01 - 6.25 10 1,552,450.15 0.89
- --------------------------------------------------------------------------------
6.26 - 6.50 28 4,426,265.87 2.55
- --------------------------------------------------------------------------------
6.51 - 6.75 33 4,474,498.98 2.58
- --------------------------------------------------------------------------------
6.76 - 7.00 24 2,678,375.62 1.54
- --------------------------------------------------------------------------------
7.01 - 7.25 47 4,772,634.46 2.75
- --------------------------------------------------------------------------------
7.26 - 7.50 77 8,078,786.26 4.66
- --------------------------------------------------------------------------------
7.51 - 7.75 55 6,103,721.86 3.52
- --------------------------------------------------------------------------------
7.76 - 8.00 128 13,151,395.19 7.58
- --------------------------------------------------------------------------------
8.01 - 8.25 97 9,825,773.27 5.66
- --------------------------------------------------------------------------------
8.26 - 8.50 149 13,088,436.44 7.54
- --------------------------------------------------------------------------------
8.51 - 8.75 116 12,362,804.06 7.13
- --------------------------------------------------------------------------------
8.76 - 9.00 219 18,581,089.24 10.71
- --------------------------------------------------------------------------------
9.01 - 9.25 90 8,434,906.18 4.86
- --------------------------------------------------------------------------------
9.26 - 9.50 78 5,845,137.49 3.37
- --------------------------------------------------------------------------------
9.51 - 9.75 238 15,343,457.89 8.84
- --------------------------------------------------------------------------------
9.76 - 10.00 56 5,264,169.13 3.03
- --------------------------------------------------------------------------------
10.01 >= 618 35,751,721.07 20.61
- --------------------------------------------------------------------------------
Total: 2,080 173,471,706.45 100.00
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
- -------------------------------------------------------------------------------
% of
# Total Total
of Current Current
Next Rate Adjustment Date Loans Balance Balance
- --------------------------------------------------------------------------------
1999 235 22,555,975.53 13.00
- --------------------------------------------------------------------------------
2000 23 3,817,526.54 2.20
- --------------------------------------------------------------------------------
2001 1,336 112,056,133.88 64.60
- --------------------------------------------------------------------------------
2002 485 34,985,070.50 20.17
- --------------------------------------------------------------------------------
2003 1 57,000.00 0.03
- --------------------------------------------------------------------------------
Total: 2,080 173,471,706.45 100.00
- --------------------------------------------------------------------------------
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 UCFC with respect to the expected characteristics of the
pool of home equity loans in which these securities will represent undivided
beneficial interests. The actual characteristics and performance of the home
equity loans will differ from the assumptions used in preparing these materials,
which are hypothetical in nature. Changes in the assumptions may have a material
impact on the information set forth in these materials. No representation is
made that any performance or return indicated herein will be achieved. For
example, it is very unlikely that the loans will prepay at a constant rate or
follow a predictable pattern. This information may not be used or otherwise
disseminated in connection with the offer or sale of these or any other
securities, except in connection with the initial offer or sale of these
securities to you to the extent set forth below. With respect to yield and
prepayment information enclosed, the depositor has not prepared, reviewed, or
participated in the preparation of such materials; is not responsible for the
accuracy of such materials; and has not authorized the dissemination of such
materials. 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 no
constitute an offer to buy or sell or a solicitation of an offer to buy or sell
any security or instrument or to participate in any particular trading strategy.
ANY SUCH OFFER TO BUY OR SELL ANY SECURITY WOULD BE MADE PURSUANT TO A
DEFINITIVE PROSPECTUS AND PROSPECTUS SUPPLEMENT PREPARED BY THE ISSUER WHICH
WOULD CONTAIN MATERIAL INFORMATION NOT CONTAINED IN THESE MATERIALS. SUCH
PROSPECTUS AND PROSPECTUS SUPPLEMENT WILL CONTAIN ALL MATERIAL INFORMATION IN
RESPECT OF ANY SUCH SECURITY OFFERED THEREBY AND ANY DECISION TO INVEST IN SUCH
SECURITIES SHOULD BE MADE SOLELY IN RELIANCE UPON SUCH PROSPECTUS AND PROSPECTUS
SUPPLEMENT. ANY CAPITALIZED TERMS USED BUT NOT DEFINED HEREIN ARE TO BE READ IN
CONJUNCTION WITH SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT. In the event of any
such offering, these materials, including any description of the loans contained
herein, shall be deemed superseded, amended and supplemented in their entirety
by such Prospectus and Prospectus Supplement. To Our Readers Worldwide: In
addition, please note that this information has been provided by Morgan Stanley
& Co. Incorporated and approved by Morgan Stanley & Co. International Limited, a
member of the Securities and Futures Authority, and Morgan Stanley Japan Ltd. We
recommend that investors obtain the advice of their Morgan Stanley & Co.
International Limited or Morgan Stanley Japan Ltd. representative about the
investment concerned. NOT FOR DISTRIBUTION TO PRIVATE CUSTOMERS AS DEFINED BY
THE U.K. SECURITIES AND FUTURES AUTHORITY.
<PAGE>
Note: The description of the collateral herein will be superseded by the
description of the collateral in the prospectus.
- --------------------------------------------------------------------------------
% of
# Total Total
of Current Current
Months to Next Rate Adjustment Loans Balance Balance
- --------------------------------------------------------------------------------
2 5 869,000.22 0.50
- --------------------------------------------------------------------------------
3 35 4,973,016.79 2.87
- --------------------------------------------------------------------------------
4 48 5,268,326.09 3.04
- --------------------------------------------------------------------------------
5 39 2,921,453.00 1.68
- --------------------------------------------------------------------------------
6 - 11 105 8,378,486.70 4.83
- --------------------------------------------------------------------------------
12 - 23 16 1,985,906.85 1.14
- --------------------------------------------------------------------------------
24 - 35 934 77,926,075.67 44.92
- --------------------------------------------------------------------------------
36 - 47 897 71,092,441.13 40.98
- --------------------------------------------------------------------------------
48 - 59 1 57,000.00 0.03
- --------------------------------------------------------------------------------
Total: 2,080 173,471,706.45 100.00
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
% of
# Total Total
of Current Current
Index Type Loans Balance Balance
- --------------------------------------------------------------------------------
Libor - 6 Month 2,048 171,416,064.43 98.81
- --------------------------------------------------------------------------------
Treasury - 1 Year 32 2,055,642.02 1.19
- --------------------------------------------------------------------------------
Total: 2,080 173,471,706.45 100.00
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
% of
# Total Total
of Current Current
Balloon Loans Balance Balance
- --------------------------------------------------------------------------------
Non-Balloon 2,080 173,471,706.45 100.00
- --------------------------------------------------------------------------------
Total: 2,080 173,471,706.45 100.00
- --------------------------------------------------------------------------------
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 UCFC with respect to the expected characteristics of the
pool of home equity loans in which these securities will represent undivided
beneficial interests. The actual characteristics and performance of the home
equity loans will differ from the assumptions used in preparing these materials,
which are hypothetical in nature. Changes in the assumptions may have a material
impact on the information set forth in these materials. No representation is
made that any performance or return indicated herein will be achieved. For
example, it is very unlikely that the loans will prepay at a constant rate or
follow a predictable pattern. This information may not be used or otherwise
disseminated in connection with the offer or sale of these or any other
securities, except in connection with the initial offer or sale of these
securities to you to the extent set forth below. With respect to yield and
prepayment information enclosed, the depositor has not prepared, reviewed, or
participated in the preparation of such materials; is not responsible for the
accuracy of such materials; and has not authorized the dissemination of such
materials. 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 no
constitute an offer to buy or sell or a solicitation of an offer to buy or sell
any security or instrument or to participate in any particular trading strategy.
ANY SUCH OFFER TO BUY OR SELL ANY SECURITY WOULD BE MADE PURSUANT TO A
DEFINITIVE PROSPECTUS AND PROSPECTUS SUPPLEMENT PREPARED BY THE ISSUER WHICH
WOULD CONTAIN MATERIAL INFORMATION NOT CONTAINED IN THESE MATERIALS. SUCH
PROSPECTUS AND PROSPECTUS SUPPLEMENT WILL CONTAIN ALL MATERIAL INFORMATION IN
RESPECT OF ANY SUCH SECURITY OFFERED THEREBY AND ANY DECISION TO INVEST IN SUCH
SECURITIES SHOULD BE MADE SOLELY IN RELIANCE UPON SUCH PROSPECTUS AND PROSPECTUS
SUPPLEMENT. ANY CAPITALIZED TERMS USED BUT NOT DEFINED HEREIN ARE TO BE READ IN
CONJUNCTION WITH SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT. In the event of any
such offering, these materials, including any description of the loans contained
herein, shall be deemed superseded, amended and supplemented in their entirety
by such Prospectus and Prospectus Supplement. To Our Readers Worldwide: In
addition, please note that this information has been provided by Morgan Stanley
& Co. Incorporated and approved by Morgan Stanley & Co. International Limited, a
member of the Securities and Futures Authority, and Morgan Stanley Japan Ltd. We
recommend that investors obtain the advice of their Morgan Stanley & Co.
International Limited or Morgan Stanley Japan Ltd. representative about the
investment concerned. NOT FOR DISTRIBUTION TO PRIVATE CUSTOMERS AS DEFINED BY
THE U.K. SECURITIES AND FUTURES AUTHORITY.
<PAGE>
Note: The description of the collateral herein will be superseded by the
description of the collateral in the prospectus.
- --------------------------------------------------------------------------------
% of
# Total Total
of Current Current
Original Term Loans Balance Balance
- --------------------------------------------------------------------------------
120 - 179 5 159,530.73 0.09
- --------------------------------------------------------------------------------
180 - 239 134 5,286,069.64 3.05
- --------------------------------------------------------------------------------
240 - 299 124 5,864,825.80 3.38
- --------------------------------------------------------------------------------
360 = 1,817 162,161,280.28 93.48
- --------------------------------------------------------------------------------
Total: 2,080 173,471,706.45 100.00
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
% of
# Total Total
of Current Current
Seasoning Loans Balance Balance
- --------------------------------------------------------------------------------
=< 0 578 42,713,681.50 24.62
- --------------------------------------------------------------------------------
1 - 12 1,497 130,479,143.03 75.22
- --------------------------------------------------------------------------------
13 - 24 4 217,049.88 0.13
- --------------------------------------------------------------------------------
109 - 120 1 61,832.04 0.04
- --------------------------------------------------------------------------------
Total: 2,080 173,471,706.45 100.00
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
% of
# Total Total
Remaining Term of Current Current
to Maturity Loans Balance Balance
- --------------------------------------------------------------------------------
109 - 120 5 159,530.73 0.09
- --------------------------------------------------------------------------------
169 - 180 133 5,267,569.64 3.04
- --------------------------------------------------------------------------------
181 - 192 1 18,500.00 0.01
- --------------------------------------------------------------------------------
229 - 240 124 5,864,825.80 3.38
- --------------------------------------------------------------------------------
241 - 252 1 61,832.04 0.04
- --------------------------------------------------------------------------------
337 - 348 6 679,252.04 0.39
- --------------------------------------------------------------------------------
349 - 360 1,810 161,420,196.20 93.05
- --------------------------------------------------------------------------------
Total: 2,080 173,471,706.45 100.00
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
% of
# Total Total
of Current Current
Year of Origination Loans Balance Balance
- --------------------------------------------------------------------------------
1988 1 61,832.04 0.04
- --------------------------------------------------------------------------------
1997 6 679,252.04 0.39
- --------------------------------------------------------------------------------
1998 2,073 172,730,622.37 99.57
- --------------------------------------------------------------------------------
Total: 2,080 173,471,706.45 100.00
- --------------------------------------------------------------------------------
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 UCFC with respect to the expected characteristics of the
pool of home equity loans in which these securities will represent undivided
beneficial interests. The actual characteristics and performance of the home
equity loans will differ from the assumptions used in preparing these materials,
which are hypothetical in nature. Changes in the assumptions may have a material
impact on the information set forth in these materials. No representation is
made that any performance or return indicated herein will be achieved. For
example, it is very unlikely that the loans will prepay at a constant rate or
follow a predictable pattern. This information may not be used or otherwise
disseminated in connection with the offer or sale of these or any other
securities, except in connection with the initial offer or sale of these
securities to you to the extent set forth below. With respect to yield and
prepayment information enclosed, the depositor has not prepared, reviewed, or
participated in the preparation of such materials; is not responsible for the
accuracy of such materials; and has not authorized the dissemination of such
materials. 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 no
constitute an offer to buy or sell or a solicitation of an offer to buy or sell
any security or instrument or to participate in any particular trading strategy.
ANY SUCH OFFER TO BUY OR SELL ANY SECURITY WOULD BE MADE PURSUANT TO A
DEFINITIVE PROSPECTUS AND PROSPECTUS SUPPLEMENT PREPARED BY THE ISSUER WHICH
WOULD CONTAIN MATERIAL INFORMATION NOT CONTAINED IN THESE MATERIALS. SUCH
PROSPECTUS AND PROSPECTUS SUPPLEMENT WILL CONTAIN ALL MATERIAL INFORMATION IN
RESPECT OF ANY SUCH SECURITY OFFERED THEREBY AND ANY DECISION TO INVEST IN SUCH
SECURITIES SHOULD BE MADE SOLELY IN RELIANCE UPON SUCH PROSPECTUS AND PROSPECTUS
SUPPLEMENT. ANY CAPITALIZED TERMS USED BUT NOT DEFINED HEREIN ARE TO BE READ IN
CONJUNCTION WITH SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT. In the event of any
such offering, these materials, including any description of the loans contained
herein, shall be deemed superseded, amended and supplemented in their entirety
by such Prospectus and Prospectus Supplement. To Our Readers Worldwide: In
addition, please note that this information has been provided by Morgan Stanley
& Co. Incorporated and approved by Morgan Stanley & Co. International Limited, a
member of the Securities and Futures Authority, and Morgan Stanley Japan Ltd. We
recommend that investors obtain the advice of their Morgan Stanley & Co.
International Limited or Morgan Stanley Japan Ltd. representative about the
investment concerned. NOT FOR DISTRIBUTION TO PRIVATE CUSTOMERS AS DEFINED BY
THE U.K. SECURITIES AND FUTURES AUTHORITY.
<PAGE>
Note: The description of the collateral herein will be superseded by the
description of the collateral in the prospectus.
- --------------------------------------------------------------------------------
% of
# Total Total
Maturity of Current Current
Date Loans Balance Balance
- --------------------------------------------------------------------------------
2008 5 159,530.73 0.09
- --------------------------------------------------------------------------------
2013 129 5,099,569.64 2.94
- --------------------------------------------------------------------------------
2014 5 186,500.00 0.11
- --------------------------------------------------------------------------------
2018 120 5,600,525.80 3.23
- --------------------------------------------------------------------------------
2019 5 326,132.04 0.19
- --------------------------------------------------------------------------------
2027 6 679,252.04 0.39
- --------------------------------------------------------------------------------
2028 1,768 157,692,296.20 90.90
- --------------------------------------------------------------------------------
2029 42 3,727,900.00 2.15
- --------------------------------------------------------------------------------
Total: 2,080 173,471,706.45 100.00
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
% of
Geographic # Total Total
Distribution of Current Current
by Balance Loans Balance Balance
- --------------------------------------------------------------------------------
California 173 29,061,021.26 16.75
- --------------------------------------------------------------------------------
Ohio 213 13,805,196.71 7.96
- --------------------------------------------------------------------------------
Michigan 183 12,608,602.77 7.27
- --------------------------------------------------------------------------------
New York 75 8,502,662.49 4.90
- --------------------------------------------------------------------------------
North Carolina 101 8,347,134.32 4.81
- --------------------------------------------------------------------------------
Indiana 138 7,613,004.18 4.39
- --------------------------------------------------------------------------------
Georgia 67 6,316,409.93 3.64
- --------------------------------------------------------------------------------
Mississippi 79 5,717,844.03 3.30
- --------------------------------------------------------------------------------
Tennessee 76 5,604,809.56 3.23
- --------------------------------------------------------------------------------
Florida 55 4,616,751.60 2.66
- --------------------------------------------------------------------------------
South Carolina 43 4,217,870.46 2.43
- --------------------------------------------------------------------------------
Louisiana 58 3,736,167.14 2.15
- --------------------------------------------------------------------------------
Virginia 45 3,682,597.74 2.12
- --------------------------------------------------------------------------------
Colorado 36 3,655,529.97 2.11
- --------------------------------------------------------------------------------
Kentucky 59 3,525,096.39 2.03
- --------------------------------------------------------------------------------
New Jersey 34 3,469,824.76 2.00
- --------------------------------------------------------------------------------
Pennsylvania 50 3,414,041.25 1.97
- --------------------------------------------------------------------------------
Massachusetts 27 3,374,719.28 1.95
- --------------------------------------------------------------------------------
Utah 34 3,245,474.02 1.87
- --------------------------------------------------------------------------------
Kansas 64 3,008,234.84 1.73
- --------------------------------------------------------------------------------
Oklahoma 49 2,916,944.37 1.68
- --------------------------------------------------------------------------------
Maine 36 2,916,683.32 1.68
- --------------------------------------------------------------------------------
Maryland 27 2,811,025.75 1.62
- --------------------------------------------------------------------------------
Illinois 57 2,775,554.28 1.60
- --------------------------------------------------------------------------------
Connecticut 21 2,237,015.22 1.29
- --------------------------------------------------------------------------------
Oregon 18 2,186,766.89 1.26
- --------------------------------------------------------------------------------
Washington 15 2,084,678.50 1.20
- --------------------------------------------------------------------------------
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 UCFC with respect to the expected characteristics of the
pool of home equity loans in which these securities will represent undivided
beneficial interests. The actual characteristics and performance of the home
equity loans will differ from the assumptions used in preparing these materials,
which are hypothetical in nature. Changes in the assumptions may have a material
impact on the information set forth in these materials. No representation is
made that any performance or return indicated herein will be achieved. For
example, it is very unlikely that the loans will prepay at a constant rate or
follow a predictable pattern. This information may not be used or otherwise
disseminated in connection with the offer or sale of these or any other
securities, except in connection with the initial offer or sale of these
securities to you to the extent set forth below. With respect to yield and
prepayment information enclosed, the depositor has not prepared, reviewed, or
participated in the preparation of such materials; is not responsible for the
accuracy of such materials; and has not authorized the dissemination of such
materials. 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 no
constitute an offer to buy or sell or a solicitation of an offer to buy or sell
any security or instrument or to participate in any particular trading strategy.
ANY SUCH OFFER TO BUY OR SELL ANY SECURITY WOULD BE MADE PURSUANT TO A
DEFINITIVE PROSPECTUS AND PROSPECTUS SUPPLEMENT PREPARED BY THE ISSUER WHICH
WOULD CONTAIN MATERIAL INFORMATION NOT CONTAINED IN THESE MATERIALS. SUCH
PROSPECTUS AND PROSPECTUS SUPPLEMENT WILL CONTAIN ALL MATERIAL INFORMATION IN
RESPECT OF ANY SUCH SECURITY OFFERED THEREBY AND ANY DECISION TO INVEST IN SUCH
SECURITIES SHOULD BE MADE SOLELY IN RELIANCE UPON SUCH PROSPECTUS AND PROSPECTUS
SUPPLEMENT. ANY CAPITALIZED TERMS USED BUT NOT DEFINED HEREIN ARE TO BE READ IN
CONJUNCTION WITH SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT. In the event of any
such offering, these materials, including any description of the loans contained
herein, shall be deemed superseded, amended and supplemented in their entirety
by such Prospectus and Prospectus Supplement. To Our Readers Worldwide: In
addition, please note that this information has been provided by Morgan Stanley
& Co. Incorporated and approved by Morgan Stanley & Co. International Limited, a
member of the Securities and Futures Authority, and Morgan Stanley Japan Ltd. We
recommend that investors obtain the advice of their Morgan Stanley & Co.
International Limited or Morgan Stanley Japan Ltd. representative about the
investment concerned. NOT FOR DISTRIBUTION TO PRIVATE CUSTOMERS AS DEFINED BY
THE U.K. SECURITIES AND FUTURES AUTHORITY.
<PAGE>
Note: The description of the collateral herein will be superseded by the
description of the collateral in the prospectus.
- --------------------------------------------------------------------------------
Iowa 33 1,994,575.27 1.15
- --------------------------------------------------------------------------------
Arizona 21 1,872,111.56 1.08
- --------------------------------------------------------------------------------
Alabama 20 1,778,618.02 1.03
- --------------------------------------------------------------------------------
New Hampshire 22 1,744,145.48 1.01
- --------------------------------------------------------------------------------
Missouri 25 1,719,392.98 0.99
- --------------------------------------------------------------------------------
Texas 27 1,569,462.31 0.90
- --------------------------------------------------------------------------------
West Virginia 20 1,243,826.25 0.72
- --------------------------------------------------------------------------------
Wisconsin 12 1,151,095.90 0.66
- --------------------------------------------------------------------------------
Arkansas 17 876,738.07 0.51
- --------------------------------------------------------------------------------
New Mexico 10 854,060.27 0.49
- --------------------------------------------------------------------------------
District of Columbia 4 810,989.97 0.47
- --------------------------------------------------------------------------------
Minnesota 13 658,978.60 0.38
- --------------------------------------------------------------------------------
Nebraska 8 573,748.31 0.33
- --------------------------------------------------------------------------------
Idaho 7 457,334.97 0.26
- --------------------------------------------------------------------------------
Nevada 3 300,738.15 0.17
- --------------------------------------------------------------------------------
Rhode Island 2 234,643.72 0.14
- --------------------------------------------------------------------------------
Vermont 1 91,960.59 0.05
- --------------------------------------------------------------------------------
Montana 1 49,725.00 0.03
- --------------------------------------------------------------------------------
Wyoming 1 37,900.00 0.02
- --------------------------------------------------------------------------------
Total: 2,080 173,471,706.45 100.00
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
% of
# Total Total
of Current Current
Property Type Loans Balance Balance
- --------------------------------------------------------------------------------
Single Family Detached 1,937 157,859,657.30 91.00
- --------------------------------------------------------------------------------
Condominium 51 5,293,590.85 3.05
- --------------------------------------------------------------------------------
Duplex 40 4,198,772.49 2.42
- --------------------------------------------------------------------------------
PUD 21 3,362,851.69 1.94
- --------------------------------------------------------------------------------
Fourplex 11 1,218,337.64 0.70
- --------------------------------------------------------------------------------
Townhouse 6 502,746.79 0.29
- --------------------------------------------------------------------------------
Triplex 4 399,744.94 0.23
- --------------------------------------------------------------------------------
Rowhouse 4 256,167.04 0.15
- --------------------------------------------------------------------------------
Manufactured Housing 4 240,875.75 0.14
- --------------------------------------------------------------------------------
Modular Housing 2 138,961.96 0.08
- --------------------------------------------------------------------------------
Total: 2,080 173,471,706.45 100.00
- --------------------------------------------------------------------------------
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 UCFC with respect to the expected characteristics of the
pool of home equity loans in which these securities will represent undivided
beneficial interests. The actual characteristics and performance of the home
equity loans will differ from the assumptions used in preparing these materials,
which are hypothetical in nature. Changes in the assumptions may have a material
impact on the information set forth in these materials. No representation is
made that any performance or return indicated herein will be achieved. For
example, it is very unlikely that the loans will prepay at a constant rate or
follow a predictable pattern. This information may not be used or otherwise
disseminated in connection with the offer or sale of these or any other
securities, except in connection with the initial offer or sale of these
securities to you to the extent set forth below. With respect to yield and
prepayment information enclosed, the depositor has not prepared, reviewed, or
participated in the preparation of such materials; is not responsible for the
accuracy of such materials; and has not authorized the dissemination of such
materials. 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 no
constitute an offer to buy or sell or a solicitation of an offer to buy or sell
any security or instrument or to participate in any particular trading strategy.
ANY SUCH OFFER TO BUY OR SELL ANY SECURITY WOULD BE MADE PURSUANT TO A
DEFINITIVE PROSPECTUS AND PROSPECTUS SUPPLEMENT PREPARED BY THE ISSUER WHICH
WOULD CONTAIN MATERIAL INFORMATION NOT CONTAINED IN THESE MATERIALS. SUCH
PROSPECTUS AND PROSPECTUS SUPPLEMENT WILL CONTAIN ALL MATERIAL INFORMATION IN
RESPECT OF ANY SUCH SECURITY OFFERED THEREBY AND ANY DECISION TO INVEST IN SUCH
SECURITIES SHOULD BE MADE SOLELY IN RELIANCE UPON SUCH PROSPECTUS AND PROSPECTUS
SUPPLEMENT. ANY CAPITALIZED TERMS USED BUT NOT DEFINED HEREIN ARE TO BE READ IN
CONJUNCTION WITH SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT. In the event of any
such offering, these materials, including any description of the loans contained
herein, shall be deemed superseded, amended and supplemented in their entirety
by such Prospectus and Prospectus Supplement. To Our Readers Worldwide: In
addition, please note that this information has been provided by Morgan Stanley
& Co. Incorporated and approved by Morgan Stanley & Co. International Limited, a
member of the Securities and Futures Authority, and Morgan Stanley Japan Ltd. We
recommend that investors obtain the advice of their Morgan Stanley & Co.
International Limited or Morgan Stanley Japan Ltd. representative about the
investment concerned. NOT FOR DISTRIBUTION TO PRIVATE CUSTOMERS AS DEFINED BY
THE U.K. SECURITIES AND FUTURES AUTHORITY.
<PAGE>
Note: The description of the collateral herein will be superseded by the
description of the collateral in the prospectus.
- --------------------------------------------------------------------------------
% of
# Total Total
of Current Current
Occupancy Loans Balance Balance
- --------------------------------------------------------------------------------
Primary 2,032 169,936,318.29 97.96
- --------------------------------------------------------------------------------
Investment 46 3,312,779.93 1.91
- --------------------------------------------------------------------------------
Second Home 2 222,608.23 0.13
- --------------------------------------------------------------------------------
Total: 2,080 173,471,706.45 100.00
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
% of
# Total Total
Lien of Current Current
Position Loans Balance Balance
- --------------------------------------------------------------------------------
1st Lien 2,080 173,471,706.45 100.00
- --------------------------------------------------------------------------------
Total: 2,080 173,471,706.45 100.00
- --------------------------------------------------------------------------------
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 UCFC with respect to the expected characteristics of the
pool of home equity loans in which these securities will represent undivided
beneficial interests. The actual characteristics and performance of the home
equity loans will differ from the assumptions used in preparing these materials,
which are hypothetical in nature. Changes in the assumptions may have a material
impact on the information set forth in these materials. No representation is
made that any performance or return indicated herein will be achieved. For
example, it is very unlikely that the loans will prepay at a constant rate or
follow a predictable pattern. This information may not be used or otherwise
disseminated in connection with the offer or sale of these or any other
securities, except in connection with the initial offer or sale of these
securities to you to the extent set forth below. With respect to yield and
prepayment information enclosed, the depositor has not prepared, reviewed, or
participated in the preparation of such materials; is not responsible for the
accuracy of such materials; and has not authorized the dissemination of such
materials. 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 no
constitute an offer to buy or sell or a solicitation of an offer to buy or sell
any security or instrument or to participate in any particular trading strategy.
ANY SUCH OFFER TO BUY OR SELL ANY SECURITY WOULD BE MADE PURSUANT TO A
DEFINITIVE PROSPECTUS AND PROSPECTUS SUPPLEMENT PREPARED BY THE ISSUER WHICH
WOULD CONTAIN MATERIAL INFORMATION NOT CONTAINED IN THESE MATERIALS. SUCH
PROSPECTUS AND PROSPECTUS SUPPLEMENT WILL CONTAIN ALL MATERIAL INFORMATION IN
RESPECT OF ANY SUCH SECURITY OFFERED THEREBY AND ANY DECISION TO INVEST IN SUCH
SECURITIES SHOULD BE MADE SOLELY IN RELIANCE UPON SUCH PROSPECTUS AND PROSPECTUS
SUPPLEMENT. ANY CAPITALIZED TERMS USED BUT NOT DEFINED HEREIN ARE TO BE READ IN
CONJUNCTION WITH SUCH PROSPECTUS AND PROSPECTUS SUPPLEMENT. In the event of any
such offering, these materials, including any description of the loans contained
herein, shall be deemed superseded, amended and supplemented in their entirety
by such Prospectus and Prospectus Supplement. To Our Readers Worldwide: In
addition, please note that this information has been provided by Morgan Stanley
& Co. Incorporated and approved by Morgan Stanley & Co. International Limited, a
member of the Securities and Futures Authority, and Morgan Stanley Japan Ltd. We
recommend that investors obtain the advice of their Morgan Stanley & Co.
International Limited or Morgan Stanley Japan Ltd. representative about the
investment concerned. NOT FOR DISTRIBUTION TO PRIVATE CUSTOMERS AS DEFINED BY
THE U.K. SECURITIES AND FUTURES AUTHORITY.
<TABLE>
BEAR STEARNS BEAR, STEARNS & CO. INC.
ATLANTA o BEIJING o BOSTON o BUENOS AIRES o CHICAGO o DALLAS ASSET-BACKED SECURITIES GROUP
DUBLIN o GENEVA o HONG KONG o LONDON o LOS ANGELES 245 Park Avenue
LUGANO o NEW YORK o PARIS o SAN FRANCISCO o SAO PAOLO New York, New York 10167
SHANGAI o SINGAPORE o TOKYO o WASHINGTON, DC (212) 272-2000; (212)272-7294 fax
Computational Materials
UCFC Loan Trust 1998-D (FLOATING RATE CERTIFICATES)
- --------------------------------------------------------------------------------------------------------
<S> <C>
Fax to: Date: December 16, 1998
Company: # Pages (incl. cover): 17
Fax No: Phone No:
- --------------------------------------------------------------------------------------------------------
From: Phone No:
- --------------------------------------------------------------------------------------------------------
</TABLE>
STATEMENT REGARDING ASSUMPTIONS AS TO SECURITIES, PRICING ESTIMATES, AND OTHER
INFORMATION
The information contained in the attached materials (the "Information") may
include various forms of performance analysis, security characteristics and
securities pricing estimates for the securities addressed. Please read and
understand this entire statement before utilizing the Information. The
Information is provided solely by Bear Stearns, not as agent for any issuer, and
although it may be based on data supplied to it by an issuer, the issuer has not
participated in its preparation and makes no representations regarding its
accuracy or completeness. Should you receive Information that refers to the
"Statement Regarding Assumptions and Other Information," please refer to this
statement instead.
The Information is illustrative and is not intended to predict actual results
which may differ substantially from those reflected in the Information.
Performance analysis is based on certain assumptions with respect to significant
factors that may prove not to be as assumed. You should understand the
assumptions and evaluate whether they are appropriate for your purposes.
Performance results are based on mathematical models that use inputs to
calculate results. As with all models, results may vary significantly depending
upon the value of the inputs given. Inputs to these models include but are not
limited to: prepayment expectations (economic prepayment models, single expected
lifetime prepayments or a vector of periodic prepayments), interest rate
assumptions (parallel and nonparallel changes for different maturity
instruments), collateral assumptions (actual pool level data, aggregated pool
level data, reported factors or imputed factors), volatility assumptions
(historically observed or implied current) and reported information (paydown
factors, rate resets, and trustee statements). Models used in any analysis may
be proprietary making the results difficult for any third party to reproduce.
Contact your registered representative for detailed explanations of any modeling
techniques employed in the Information.
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, including call events and cash flow priorities at all prepayment
speeds and/or interest rates. You should consider whether the behavior of these
securities should be tested as assumptions different from those included in the
Information. The assumptions underlying the Information, including structure and
collateral, may be modified from time to time to reflect changed circumstances.
Any investment decision should be based only on the data in the prospectus and
the prospectus supplement or private placement memorandum (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.. Contact your registered representative for
Offering Documents, current Information or additional materials, including other
models for performance analysis, which are likely to produce different results,
and any further explanation regarding the Information.
Any pricing estimates Bear Stearns has supplied at your request (a) represent
our view, at the time determined, of the investment value of the securities
between the estimated bid and offer levels, the spread between which may be
significant due to market volatility or illiquidity, (b) do not constitute a bid
by any person for any security, (c) may not constitute prices at which the
securities could have been purchased or sold in any market, (d) have not been
confirmed by actual trades, may vary from the value Bear Stearns assigns any
such security while in its inventory, and may not take into account the size of
a position you have in the security, and (e) may have been derived from matrix
pricing that uses data relating to other securities whose prices are more
readily ascertainable to produce a hypothetical price based on the estimated
yield spread relationship between the securities.
General Information: The data underlying the Information has been obtained from
sources that we believe are reliable, but we do not guarantee the accuracy of
the underlying data or computations based thereon. Bear, Stearns. and/or
individuals thereof may have positions in these securities while the Information
is circulating or during such period may engage in transactions with the issuer
or its affiliates. We act as principal in transactions with you, and
accordingly, you must determine the appropriateness for you of such transactions
and address any legal, tax, or accounting considerations applicable to you. Bear
Stearns shall not be a fiduciary or advisor unless we have agreed in writing to
receive compensation specifically to act in such capacities. If you are subject
to ERISA, the Information is being furnished on the condition that it will not
form a primary basis for any investment decision. The Information is not a
solicitation of any transaction in securities which may be made only by
prospectus when required by law, in which event you may obtain such prospectus
from Bear Stearns.
<PAGE>
Computational Material
UCFC Loan Trust 1998-D
THESE COMPUTATIONALS SUPERCEDE ALL PREVIOUSLY ISSUED VERSIONS
- --------------------------------------------------------------------------------
$213.75 Million UCFC Home Equity Loan Asset-Backed Certificates,
Series 1998-D
EMC Mortgage Corporation
Servicer
Transaction Highlights
<TABLE>
<CAPTION>
- ------------------------------------------------------------------------------------------------------------------------------------
Expected Ratings Payment
Class Size Class Size Tranche Type (Moody's /S&P / Average Life Window To Call Price
Class ($millions) (%) (Pool / Type) Fitch) To Call / Mty Day Count / Mty Benchmark Talk
====================================================================================================================================
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
AV-1 167.625 74.50% ARM / Floater Aaa / AAA / AAA 2.66 / 2.84 Actual / 360 95 / 212 1-month LIBOR +[
MV-1 19.125 8.50% ARM / Mezzanine Aa2 / AA / AA 5.55 / 6.23 Actual / 360 59 / 156 1-month LIBOR +[
MV-2 14.625 6.50% ARM / Mezzanine A2 / A / A 5.55 / 6.19 Actual / 360 59 / 143 1-month LIBOR +[
BV-1 12.375 5.50% ARM / Subordinate Baa2 / BBB / BBB 5.55 / 6.13 Actual / 360 59 / 127 1-month LIBOR +[
- ------------------------------------------------------------------------------------------------------------------------------------
Total $213.750 -- -- -- -- -- -- -- --
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
Depositor: UCFC Acceptance Corporation.
Servicer: United Companies Lending Corporation, as
interim servicer, pending transfer, and EMC
Mortgage Corporation (a wholly owned
subsidiary of The Bear Stearns Companies
Inc.), as subsequent servicer upon transfer
(expected prior to Feb. 28, 1999).
Servicing Fees: Base Servicing Fee of 50 bps per annum and a
Supplemental Servicing Fee.
Trustee: Bankers Trust Company of California, N.A.
Managers: Morgan Stanley Dean Witter (lead manager),
Bear, Stearns & Co. (co-manager).
Group II Portfolio: Conventional adjustable rate home equity
loans secured by first lien mortgages only.
See "Collateral Description" herein for more
detail.
Group II Portfolio Pricing For the 3/27 loans, 100% PPC. 100% PPC
Prepayment Speed: assumes 4.0% CPR in the first month
increasing linearly to 30.0% CPR in month
30, remaining constant at 30.0% CPR from
months 30 to 40, and reducing to 25% CPR for
months 41 and thereafter. For all other ARM
products, 28% CPR.
Expected Pricing Date: Friday, December 18, 1998.
Expected Settlement: December 30, 1998, through DTC, Euroclear
and CEDEL.
Distribution Dates: The 15th of each month, beginning January,
1999.
Available Funds Cap: The pass-through rates on Classes
AV-1, MV-1, MV-2, and BV-1 are subject to an
available funds cap. The available funds cap
is equal to the loan rate on the mortgage
loans less the servicing fee, trustee fee,
and 75 bps per annum.
Clean-up Call: 10% of the original aggregate Group I and
Group II mortgage loan principal balance.
Coupon Step Up: After the Clean-up Call Date, the spread to
LIBOR on Classes AV-1, MV-1, MV-2, BV-1 will
increase by 50 bps.
Recipients of these Computational Materials must read and acknowledge the
attached document "STATEMENT REGARDING ASSUMPTIONS AS TO SECURITIES, PRICING
ESTIMATES, AND OTHER INFORMATION" before using or relying on the information
contained herein. In addition, recipients of these Computational Materials may
only use or rely on the information contained herein if read in conjunction with
the related Prospectus and Prospectus Supplement. If you have not received the
statement described above or the related Prospectus and Prospectus Supplement,
please contact your account executive at Bear, Stearns & Co. Inc.
Page 2 BEAR STEARNS
<PAGE>
Computational Material
UCFC Loan Trust 1998-D
THESE COMPUTATIONALS SUPERCEDE ALL PREVIOUSLY ISSUED VERSIONS
- --------------------------------------------------------------------------------
Transaction Highlights
(continued
Tax Status: REMIC
ERISA Eligibility: The Class AV-1 certificates are ERISA
eligible. Classes MV-1, MV-2, and BV-1 are
not ERISA eligible.
SMMEA Eligibility: The Class AV-1, MV-1, MV-2, and BV-1
certificates are not SMMEA eligible
Credit Enhancement: A combination of the following:
i) monthly excess cash flow;
ii) overcollateralization;
iii) cross-collateralization with
Group I Fixed Rate Pool; and
iv) subordination of the BV-1, MV-2
and the MV-1.
Recipients of these Computational Materials must read and acknowledge the
attached document "STATEMENT REGARDING ASSUMPTIONS AS TO SECURITIES, PRICING
ESTIMATES, AND OTHER INFORMATION" before using or relying on the information
contained herein. In addition, recipients of these Computational Materials may
only use or rely on the information contained herein if read in conjunction with
the related Prospectus and Prospectus Supplement. If you have not received the
statement described above or the related Prospectus and Prospectus Supplement,
please contact your account executive at Bear, Stearns & Co. Inc.
Page 3 BEAR STEARNS
<PAGE>
Computational Material
UCFC Loan Trust 1998-D
THESE COMPUTATIONALS SUPERCEDE ALL PREVIOUSLY ISSUED VERSIONS
- --------------------------------------------------------------------------------
Decrement Tables
<TABLE>
<CAPTION>
Tranche AV-1 Tranche MV-1
------------ ------------
Date 0% 75% 100% 150% 200% 0% 75% 100% 150% 200%
---- -- --- ---- ---- ---- -- --- ---- ---- ----
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
12/30/1998 100 100 100 100 100 100 100 100 100 100
12/15/1999 96 84 80 72 63 100 100 100 100 100
12/15/2000 95 64 54 36 20 100 100 100 100 100
12/15/2001 94 41 27 4 0 100 100 100 100 0
12/15/2002 93 26 20 4 0 100 98 74 95 0
12/15/2003 92 21 15 4 0 100 79 55 45 0
12/15/2004 91 17 11 4 0 100 63 40 15 0
12/15/2005 89 13 8 2 0 100 51 30 9 0
12/15/2006 88 11 6 1 0 100 40 22 6 0
12/15/2007 86 9 4 1 0 100 32 16 3 0
12/15/2008 84 7 3 1 0 100 26 12 1 0
12/15/2009 82 5 2 0 0 100 21 9 0 0
12/15/2010 80 4 2 0 0 100 16 6 0 0
12/15/2011 77 3 1 0 0 100 13 5 0 0
12/15/2012 74 3 1 0 0 100 10 3 0 0
12/15/2013 71 2 1 0 0 100 8 2 0 0
12/15/2014 67 2 0 0 0 100 6 0 0 0
12/15/2015 63 1 0 0 0 100 5 0 0 0
12/15/2016 59 1 0 0 0 100 4 0 0 0
12/15/2017 54 1 0 0 0 100 3 0 0 0
12/15/2018 49 1 0 0 0 100 1 0 0 0
12/15/2019 43 0 0 0 0 100 0 0 0 0
12/15/2020 36 0 0 0 0 100 0 0 0 0
12/15/2021 29 0 0 0 0 100 0 0 0 0
12/15/2022 24 0 0 0 0 91 0 0 0 0
12/15/2023 20 0 0 0 0 77 0 0 0 0
12/15/2024 16 0 0 0 0 61 0 0 0 0
12/15/2025 12 0 0 0 0 43 0 0 0 0
12/15/2026 6 0 0 0 0 24 0 0 0 0
12/15/2027 1 0 0 0 0 4 0 0 0 0
12/15/2028 0 0 0 0 0 0 0 0 0 0
Average Life 18.19 3.65 2.84 1.79 1.30 26.50 8.26 6.23 5.22 2.70
First Prin 1/15/1999 1/15/1999 1/15/1999 1/15/1999 1/15/1999 4/15/2022 11/15/2002 1/15/2002 12/15/2002 7/15/2001
Last Prin 4/15/2028 7/15/2021 8/15/2016 5/15/2010 7/15/2001 3/15/2028 10/15/2019 12/15/2014 4/15/2009 11/15/2001
Avg. Life to Call 18.13 3.40 2.66 1.68 1.30 26.27 7.33 5.55 4.73 2.70
</TABLE>
Note: Scenarios delineated based on percentage of prepayment speed assumption.
Recipients of these Computational Materials must read and acknowledge the
attached document "STATEMENT REGARDING ASSUMPTIONS AS TO SECURITIES, PRICING
ESTIMATES, AND OTHER INFORMATION" before using or relying on the information
contained herein. In addition, recipients of these Computational Materials may
only use or rely on the information contained herein if read in conjunction with
the related Prospectus and Prospectus Supplement. If you have not received the
statement described above or the related Prospectus and Prospectus Supplement,
please contact your account executive at Bear, Stearns & Co. Inc.
Page 4 BEAR STEARNS
<PAGE>
Computational Material
UCFC Loan Trust 1998-D
THESE COMPUTATIONALS SUPERCEDE ALL PREVIOUSLY ISSUED VERSIONS
- --------------------------------------------------------------------------------
Decrement Tables
(continued)
<TABLE>
<CAPTION>
Tranche MV-2 Tranche BV-1
----------- -----------
Date 0% 75% 100% 150% 200% 0% 75% 100% 150% 200%
---- -- --- ---- ---- ---- -- --- ---- ---- ----
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
12/30/1998 100 100 100 100 100 100 100 100 100 100
12/15/1999 100 100 100 100 100 100 100 100 100 100
12/15/2000 100 100 100 100 100 100 100 100 100 100
12/15/2001 100 100 100 100 77 100 100 100 100 100
12/15/2002 100 98 74 39 77 100 98 74 39 38
12/15/2003 100 79 55 24 46 100 79 55 24 9
12/15/2004 100 63 40 15 23 100 63 40 15 1
12/15/2005 100 51 30 9 8 100 51 30 9 0
12/15/2006 100 40 22 6 0 100 40 22 4 0
12/15/2007 100 32 16 2 0 100 32 16 0 0
12/15/2008 100 26 12 0 0 100 26 12 0 0
12/15/2009 100 21 9 0 0 100 21 9 0 0
12/15/2010 100 16 6 0 0 100 16 6 0 0
12/15/2011 100 13 5 0 0 100 13 2 0 0
12/15/2012 100 10 2 0 0 100 10 0 0 0
12/15/2013 100 8 0 0 0 100 8 0 0 0
12/15/2014 100 6 0 0 0 100 5 0 0 0
12/15/2015 100 5 0 0 0 100 2 0 0 0
12/15/2016 100 4 0 0 0 100 0 0 0 0
12/15/2017 100 1 0 0 0 100 0 0 0 0
12/15/2018 100 0 0 0 0 100 0 0 0 0
12/15/2019 100 0 0 0 0 100 0 0 0 0
12/15/2020 100 0 0 0 0 100 0 0 0 0
12/15/2021 100 0 0 0 0 100 0 0 0 0
12/15/2022 91 0 0 0 0 91 0 0 0 0
12/15/2023 77 0 0 0 0 77 0 0 0 0
12/15/2024 61 0 0 0 0 61 0 0 0 0
12/15/2025 43 0 0 0 0 43 0 0 0 0
12/15/2026 24 0 0 0 0 24 0 0 0 0
12/15/2027 3 0 0 0 0 0 0 0 0 0
12/15/2028 0 0 0 0 0 0 0 0 0 0
Average Life 26.49 8.22 6.19 4.53 4.93 26.49 8.14 6.13 4.32 4.02
First Prin 4/15/2022 11/15/2002 1/15/2002 6/15/2002 11/15/2001 4/15/2022 11/15/2002 1/15/2002 3/15/2002 6/15/2002
Last Prin 2/15/2028 6/15/2018 11/15/2013 7/15/2008 12/15/2006 12/15/2027 11/15/2016 7/15/2012 9/15/2007 2/15/2005
Avg. Life to Call 26.27 7.33 5.55 4.13 3.47 26.27 7.33 5.55 3.96 3.60
----------- -----------
</TABLE>
Note: Scenarios delineated based on percentage of prepayment speed assumption.
Recipients of these Computational Materials must read and acknowledge the
attached document "STATEMENT REGARDING ASSUMPTIONS AS TO SECURITIES, PRICING
ESTIMATES, AND OTHER INFORMATION" before using or relying on the information
contained herein. In addition, recipients of these Computational Materials may
only use or rely on the information contained herein if read in conjunction with
the related Prospectus and Prospectus Supplement. If you have not received the
statement described above or the related Prospectus and Prospectus Supplement,
please contact your account executive at Bear, Stearns & Co. Inc.
Page 5 BEAR STEARNS
<PAGE>
Computational Material
UCFC Loan Trust 1998-D
THESE COMPUTATIONALS SUPERCEDE ALL PREVIOUSLY ISSUED VERSIONS
- --------------------------------------------------------------------------------
UCFC 1998-D Collateral Description
Note: The description of the collateral herein will be superseded by the
description of the collateral in the prospectus.
ARM Home Equity Loans - Group II
--------------------------------
Aggregate Pool Balance: $173,471,706.45
Number of Loans: 2,080
Average Outstanding Balance: $83,400 (min: $7,745 / max: $520,000)
Total Original Balance: $173,654,970
Average Original Balance: $83,488 (min: $7,800 / max: $520,000)
Lien Position: 100% first liens
WA Original Combined
Loan to Value Ratio: 81.92% (58.07% >80%, min: 9.60% / max: 100.00%)
Loan Type: a) 84.01% 3-year fixed/6-month ARM
b) 13.20% 6-month ARM
c) 1.60% 2-year fixed/6-month ARM
d) 0.79% 3-year fixed/1-year ARM
e) 0.40% 6-month/1-year
WA Original Term: 350 months (0.09% < 180-mo., 93.48% = 360-mo.;
min: 120 / max: 360)
WA Remaining Term: 349 months (min: 118 / max: 360)
WA Seasoning: 2 months
Interest Rate Index: a) 98.81% 6-month LIBOR
b) 1.19% 1-year CMT
Latest Scheduled Maturity: January 1, 2029
Property Type: a) 91.00% single family
b) 3.35% 2-4 family
c) 3.05% condominium
d) 1.94% PUD
e) 0.66% other
Owner Occupancy: a) 97.96% owner occupied
b) 1.91% investor property
c) 0.13% second home
Geographic Distribution (> 5%): CA (16.75%), OH (7.96%), MI (7.27%)
WA Gross Coupon: 9.993% (current, min: 6.375%/ max: 13.250%)
WA Gross Margin: 5.458% (current, min: 2.750%/ max: 9.250%)
WA Months to Roll: 31.3 months
WA Floor: 8.92%
Recipients of these Computational Materials must read and acknowledge the
attached document "STATEMENT REGARDING ASSUMPTIONS AS TO SECURITIES, PRICING
ESTIMATES, AND OTHER INFORMATION" before using or relying on the information
contained herein. In addition, recipients of these Computational Materials may
only use or rely on the information contained herein if read in conjunction with
the related Prospectus and Prospectus Supplement. If you have not received the
statement described above or the related Prospectus and Prospectus Supplement,
please contact your account executive at Bear, Stearns & Co. Inc.
Page 6 BEAR STEARNS
<PAGE>
Computational Material
UCFC Loan Trust 1998-D
THESE COMPUTATIONALS SUPERCEDE ALL PREVIOUSLY ISSUED VERSIONS
- --------------------------------------------------------------------------------
UCFC 1998-D Collateral Detail
Adjustable Rate Loans
-
Note: The description of the collateral herein will be superseded by the
description of the collateral in the prospectus.
------------------------------------------------------------------------------
% of
# Total Total
of Current Current
Adjustment Type Loans Balance Balance
------------------------------------------------------------------
ARM 2,080 173,471,706.45 100.00
------------------------------------------------------------------
Total: 2,080 173,471,706.45 100.00
------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
% of
# Total Total
of Current Current
Product Type (1) Loans Balance Balance
- --------------------------------------------------------------------------------
ARM - 3 Year/6 Month 1,798 145,742,252.78 84.01
- --------------------------------------------------------------------------------
ARM - 6 Month 235 22,892,626.68 13.20
- --------------------------------------------------------------------------------
ARM - 2 Year/6 Month 15 2,781,184.97 1.60
- --------------------------------------------------------------------------------
ARM - 3 Year/1 Year 19 1,365,156.77 0.79
- --------------------------------------------------------------------------------
ARM - 6 Month/1 Year 13 690,485.25 0.40
- --------------------------------------------------------------------------------
Total: 2,080 173,471,706.45 100.00
- --------------------------------------------------------------------------------
(1) Calculated based on Monthly Terms.
Recipients of these Computational Materials must read and acknowledge the
attached document "STATEMENT REGARDING ASSUMPTIONS AS TO SECURITIES, PRICING
ESTIMATES, AND OTHER INFORMATION" before using or relying on the information
contained herein. In addition, recipients of these Computational Materials may
only use or rely on the information contained herein if read in conjunction with
the related Prospectus and Prospectus Supplement. If you have not received the
statement described above or the related Prospectus and Prospectus Supplement,
please contact your account executive at Bear, Stearns & Co. Inc.
Page 7 BEAR STEARNS
<PAGE>
Computational Material
UCFC Loan Trust 1998-D
THESE COMPUTATIONALS SUPERCEDE ALL PREVIOUSLY ISSUED VERSIONS
Note: The description of the collateral herein will be superceded by the
description of the collateral in the prospectus.
- ------------------------------------------------------------------------------
% of
# Total Total
of Current Current
Mortgage Rates (%) Loans Balance Balance
- ------------------------------------------------------------------------------
6.26 - 6.50 2 133,226.61 0.08
- ------------------------------------------------------------------------------
6.51 - 6.75 2 130,194.46 0.08
- ------------------------------------------------------------------------------
7.01 - 7.25 3 240,713.80 0.14
- ------------------------------------------------------------------------------
7.26 - 7.50 6 1,110,424.86 0.64
- ------------------------------------------------------------------------------
7.51 - 7.75 8 1,705,500.09 0.98
- ------------------------------------------------------------------------------
7.76 - 8.00 22 3,678,922.39 2.12
- ------------------------------------------------------------------------------
8.01 - 8.25 29 4,474,159.15 2.58
- ------------------------------------------------------------------------------
8.26 - 8.50 61 8,541,420.51 4.92
- ------------------------------------------------------------------------------
8.51 - 8.75 83 11,114,764.82 6.41
- ------------------------------------------------------------------------------
8.76 - 9.00 92 10,384,149.23 5.99
- ------------------------------------------------------------------------------
9.01 - 9.25 98 10,106,785.35 5.83
- ------------------------------------------------------------------------------
9.26 - 9.50 160 13,798,107.91 7.95
- ------------------------------------------------------------------------------
9.51 - 9.75 93 9,070,325.13 5.23
- ------------------------------------------------------------------------------
9.76 - 10.00 246 20,689,025.52 11.93
- ------------------------------------------------------------------------------
10.01 - 10.25 132 10,873,884.82 6.27
- ------------------------------------------------------------------------------
10.26 - 10.50 119 9,314,713.23 5.37
- ------------------------------------------------------------------------------
10.51 - 10.75 293 20,066,970.07 11.57
- ------------------------------------------------------------------------------
10.76 - 11.00 94 7,890,086.97 4.55
- ------------------------------------------------------------------------------
11.01 - 11.25 109 6,810,497.56 3.93
- ------------------------------------------------------------------------------
11.26 - 11.50 32 2,058,535.26 1.19
- ------------------------------------------------------------------------------
11.51 - 11.75 251 13,431,657.28 7.74
- ------------------------------------------------------------------------------
11.76 - 12.00 17 1,068,328.62 0.62
- ------------------------------------------------------------------------------
12.01 - 12.25 91 4,949,228.08 2.85
- ------------------------------------------------------------------------------
12.26 - 12.50 4 254,586.23 0.15
- ------------------------------------------------------------------------------
12.51 - 12.75 31 1,517,420.88 0.87
- ------------------------------------------------------------------------------
12.76 - 13.00 1 37,414.38 0.02
- ------------------------------------------------------------------------------
13.01 >= 1 20,663.24 0.01
- ------------------------------------------------------------------------------
Total: 2,080 173,471,706.45 100.00
- ------------------------------------------------------------------------------
Recipients of these Computational Materials must read and acknowledge the
attached document "STATEMENT REGARDING ASSUMPTIONS AS TO SECURITIES, PRICING
ESTIMATES, AND OTHER INFORMATION" before using or relying on the information
contained herein. In addition, recipients of these Computational Materials may
only use or rely on the information contained herein if read in conjunction with
the related Prospectus and Prospectus Supplement. If you have not received the
statement described above or the related Prospectus and Prospectus Supplement,
please contact your account executive at Bear, Stearns & Co. Inc.
Page 8 BEAR STEARNS
<PAGE>
Computational Material
UCFC Loan Trust 1998-D
THESE COMPUTATIONALS SUPERCEDE ALL PREVIOUSLY ISSUED VERSIONS
Note: The description of the collateral herein will be superceded by the
description of the collateral in the prospectus.
- ------------------------------------------------------------------------------
% of
# Total Total
Original Mortgage Loan of Current Current
Principal Balance ($) Loans Balance Balance
- ------------------------------------------------------------------------------
1 - 25,000 78 1,591,423.55 0.92
- ------------------------------------------------------------------------------
25,001 - 50,000 538 21,033,604.58 12.13
- ------------------------------------------------------------------------------
50,001 - 75,000 612 38,117,159.34 21.97
- ------------------------------------------------------------------------------
75,001 - 100,000 326 27,928,336.14 16.10
- ------------------------------------------------------------------------------
100,001 - 125,000 196 21,899,839.16 12.62
- ------------------------------------------------------------------------------
125,001 - 150,000 110 14,830,376.21 8.55
- ------------------------------------------------------------------------------
150,001 - 175,000 70 11,391,211.06 6.57
- ------------------------------------------------------------------------------
175,001 - 200,000 46 8,545,518.46 4.93
- ------------------------------------------------------------------------------
200,001 - 225,000 26 5,507,190.58 3.17
- ------------------------------------------------------------------------------
225,001 - 250,000 25 5,984,516.32 3.45
- ------------------------------------------------------------------------------
250,001 - 275,000 15 3,917,383.64 2.26
- ------------------------------------------------------------------------------
275,001 - 300,000 13 3,768,549.62 2.17
- ------------------------------------------------------------------------------
300,001 >= 25 8,956,597.79 5.16
- ------------------------------------------------------------------------------
Total: 2,080 173,471,706.45 100.00
- ------------------------------------------------------------------------------
- ------------------------------------------------------------------------------
% of
# Total Total
Current Mortgage Loan of Current Current
Principal Balance ($) Loans Balance Balance
- ------------------------------------------------------------------------------
0.01 - 25,000.00 79 1,616,420.15 0.93
- ------------------------------------------------------------------------------
25,000.01 - 50,000.00 538 21,039,799.39 12.13
- ------------------------------------------------------------------------------
50,000.01 - 75,000.00 611 38,085,967.93 21.96
- ------------------------------------------------------------------------------
75,000.01 - 100,000.00 328 28,124,975.31 16.21
- ------------------------------------------------------------------------------
100,000.01 - 125,000.00 194 21,703,199.99 12.51
- ------------------------------------------------------------------------------
125,000.01 - 150,000.00 110 14,830,376.21 8.55
- ------------------------------------------------------------------------------
150,000.01 - 175,000.00 70 11,391,211.06 6.57
- ------------------------------------------------------------------------------
175,000.01 - 200,000.00 46 8,545,518.46 4.93
- ------------------------------------------------------------------------------
200,000.01 - 225,000.00 26 5,507,190.58 3.17
- ------------------------------------------------------------------------------
225,000.01 - 250,000.00 25 5,984,516.32 3.45
- ------------------------------------------------------------------------------
250,000.01 - 275,000.00 15 3,917,383.64 2.26
- ------------------------------------------------------------------------------
275,000.01 - 300,000.00 13 3,768,549.62 2.17
- ------------------------------------------------------------------------------
300,000.01 >= 25 8,956,597.79 5.16
- ------------------------------------------------------------------------------
Total: 2,080 173,471,706.45 100.00
- ------------------------------------------------------------------------------
Recipients of these Computational Materials must read and acknowledge the
attached document "STATEMENT REGARDING ASSUMPTIONS AS TO SECURITIES, PRICING
ESTIMATES, AND OTHER INFORMATION" before using or relying on the information
contained herein. In addition, recipients of these Computational Materials may
only use or rely on the information contained herein if read in conjunction with
the related Prospectus and Prospectus Supplement. If you have not received the
statement described above or the related Prospectus and Prospectus Supplement,
please contact your account executive at Bear, Stearns & Co. Inc.
Page 9 BEAR STEARNS
<PAGE>
Computational Material
UCFC Loan Trust 1998-D
THESE COMPUTATIONALS SUPERCEDE ALL PREVIOUSLY ISSUED VERSIONS
Note: The description of the collateral herein will be superceded by the
description of the collateral in the prospectus.
- ------------------------------------------------------------------------------
% of
Original # Total Total
Combined of Current Current
Loan-to-Value Ratio Loans Balance Balance
- ------------------------------------------------------------------------------
5.01 - 10.00 1 24,200.00 0.01
- ------------------------------------------------------------------------------
10.01 - 15.00 1 22,766.93 0.01
- ------------------------------------------------------------------------------
15.01 - 20.00 1 25,200.00 0.01
- ------------------------------------------------------------------------------
20.01 - 25.00 6 184,226.05 0.11
- ------------------------------------------------------------------------------
25.01 - 30.00 6 270,254.76 0.16
- ------------------------------------------------------------------------------
30.01 - 35.00 11 354,612.09 0.20
- ------------------------------------------------------------------------------
35.01 - 40.00 17 796,783.54 0.46
- ------------------------------------------------------------------------------
40.01 - 45.00 19 1,146,395.26 0.66
- ------------------------------------------------------------------------------
45.01 - 50.00 26 1,494,715.18 0.86
- ------------------------------------------------------------------------------
50.01 - 55.00 25 1,856,620.88 1.07
- ------------------------------------------------------------------------------
55.01 - 60.00 34 1,964,393.93 1.13
- ------------------------------------------------------------------------------
60.01 - 65.00 56 4,185,924.19 2.41
- ------------------------------------------------------------------------------
65.01 - 70.00 97 8,428,728.35 4.86
- ------------------------------------------------------------------------------
70.01 - 75.00 153 12,120,437.82 6.99
- ------------------------------------------------------------------------------
75.01 - 80.00 412 39,864,121.26 22.98
- ------------------------------------------------------------------------------
80.01 - 85.00 315 28,281,709.49 16.30
- ------------------------------------------------------------------------------
85.01 - 90.00 462 40,949,989.28 23.61
- ------------------------------------------------------------------------------
90.01 - 95.00 297 22,266,431.10 12.84
- ------------------------------------------------------------------------------
95.01 - 100.00 141 9,234,196.34 5.32
- ------------------------------------------------------------------------------
Total: 2,080 173,471,706.45 100.00
- ------------------------------------------------------------------------------
- ------------------------------------------------------------------------------
% of
# Total Total
of Current Current
Margin (%) Loans Balance Balance
- ------------------------------------------------------------------------------
0.01 - 4.00 169 15,248,154.17 8.79
- ------------------------------------------------------------------------------
4.01 - 4.25 59 5,171,523.56 2.98
- ------------------------------------------------------------------------------
4.26 - 4.50 234 18,297,560.58 10.55
- ------------------------------------------------------------------------------
4.51 - 4.75 43 3,783,606.14 2.18
- ------------------------------------------------------------------------------
4.76 - 5.00 144 16,805,808.37 9.69
- ------------------------------------------------------------------------------
5.01 - 5.25 348 28,094,392.50 16.20
- ------------------------------------------------------------------------------
5.26 - 5.50 54 5,318,037.20 3.07
- ------------------------------------------------------------------------------
5.51 - 5.75 302 23,566,995.46 13.59
- ------------------------------------------------------------------------------
5.76 - 6.00 277 18,002,420.09 10.38
- ------------------------------------------------------------------------------
6.01 - 6.25 68 6,554,105.71 3.78
- ------------------------------------------------------------------------------
6.26 - 6.50 193 11,837,500.38 6.82
- ------------------------------------------------------------------------------
6.51 - 6.75 39 5,279,559.78 3.04
- ------------------------------------------------------------------------------
6.76 - 7.00 48 4,964,073.20 2.86
- ------------------------------------------------------------------------------
7.01 >= 102 10,547,969.31 6.08
- ------------------------------------------------------------------------------
Total: 2,080 173,471,706.45 100.00
- ------------------------------------------------------------------------------
Recipients of these Computational Materials must read and acknowledge the
attached document "STATEMENT REGARDING ASSUMPTIONS AS TO SECURITIES, PRICING
ESTIMATES, AND OTHER INFORMATION" before using or relying on the information
contained herein. In addition, recipients of these Computational Materials may
only use or rely on the information contained herein if read in conjunction with
the related Prospectus and Prospectus Supplement. If you have not received the
statement described above or the related Prospectus and Prospectus Supplement,
please contact your account executive at Bear, Stearns & Co. Inc.
Page 10 BEAR STEARNS
<PAGE>
Computational Material
UCFC Loan Trust 1998-D
THESE COMPUTATIONALS SUPERCEDE ALL PREVIOUSLY ISSUED VERSIONS
Note: The description of the collateral herein will be superceded by the
description of the collateral in the prospectus.
- ------------------------------------------------------------------------------
% of
# Total Total
of Current Current
Maximum Mortgage Rates (%) Loans Balance Balance
- ------------------------------------------------------------------------------
0.01 - 14.00 27 5,088,534.26 2.93
- ------------------------------------------------------------------------------
14.01 - 14.25 23 3,397,708.95 1.96
- ------------------------------------------------------------------------------
14.26 - 14.50 59 8,258,001.34 4.76
- ------------------------------------------------------------------------------
14.51 - 14.75 75 10,014,760.10 5.77
- ------------------------------------------------------------------------------
14.76 - 15.00 95 10,887,864.30 6.28
- ------------------------------------------------------------------------------
15.01 - 15.25 99 10,489,793.77 6.05
- ------------------------------------------------------------------------------
15.26 - 15.50 158 13,478,563.69 7.77
- ------------------------------------------------------------------------------
15.51 - 15.75 100 9,954,288.27 5.74
- ------------------------------------------------------------------------------
15.76 - 16.00 250 21,066,088.80 12.14
- ------------------------------------------------------------------------------
16.01 - 16.25 141 12,064,838.80 6.95
- ------------------------------------------------------------------------------
16.26 - 16.50 124 10,257,082.30 5.91
- ------------------------------------------------------------------------------
16.51 - 16.75 292 19,731,337.37 11.37
- ------------------------------------------------------------------------------
16.76 - 17.00 92 7,830,533.74 4.51
- ------------------------------------------------------------------------------
17.01 - 17.25 109 6,810,497.56 3.93
- ------------------------------------------------------------------------------
17.26 - 17.50 35 2,278,851.79 1.31
- ------------------------------------------------------------------------------
17.51 - 17.75 251 13,707,840.91 7.90
- ------------------------------------------------------------------------------
17.76 - 18.00 19 1,175,913.46 0.68
- ------------------------------------------------------------------------------
18.01 >= 131 6,979,207.04 4.02
- ------------------------------------------------------------------------------
Total: 2,080 173,471,706.45 100.00
- ------------------------------------------------------------------------------
Recipients of these Computational Materials must read and acknowledge the
attached document "STATEMENT REGARDING ASSUMPTIONS AS TO SECURITIES, PRICING
ESTIMATES, AND OTHER INFORMATION" before using or relying on the information
contained herein. In addition, recipients of these Computational Materials may
only use or rely on the information contained herein if read in conjunction with
the related Prospectus and Prospectus Supplement. If you have not received the
statement described above or the related Prospectus and Prospectus Supplement,
please contact your account executive at Bear, Stearns & Co. Inc.
Page 11 BEAR STEARNS
<PAGE>
Computational Material
UCFC Loan Trust 1998-D
THESE COMPUTATIONALS SUPERCEDE ALL PREVIOUSLY ISSUED VERSIONS
Note: The description of the collateral herein will be superceded by the
description of the collateral in the prospectus.
- ------------------------------------------------------------------------------
% of
# Total Total
of Current Current
Minimum Mortgage Rates (%) Loans Balance Balance
- ------------------------------------------------------------------------------
0.01 - 6.00 17 3,736,083.29 2.15
- ------------------------------------------------------------------------------
6.01 - 6.25 10 1,552,450.15 0.89
- ------------------------------------------------------------------------------
6.26 - 6.50 28 4,426,265.87 2.55
- ------------------------------------------------------------------------------
6.51 - 6.75 33 4,474,498.98 2.58
- ------------------------------------------------------------------------------
6.76 - 7.00 24 2,678,375.62 1.54
- ------------------------------------------------------------------------------
7.01 - 7.25 47 4,772,634.46 2.75
- ------------------------------------------------------------------------------
7.26 - 7.50 77 8,078,786.26 4.66
- ------------------------------------------------------------------------------
7.51 - 7.75 55 6,103,721.86 3.52
- ------------------------------------------------------------------------------
7.76 - 8.00 128 13,151,395.19 7.58
- ------------------------------------------------------------------------------
8.01 - 8.25 97 9,825,773.27 5.66
- ------------------------------------------------------------------------------
8.26 - 8.50 149 13,088,436.44 7.54
- ------------------------------------------------------------------------------
8.51 - 8.75 116 12,362,804.06 7.13
- ------------------------------------------------------------------------------
8.76 - 9.00 219 18,581,089.24 10.71
- ------------------------------------------------------------------------------
9.01 - 9.25 90 8,434,906.18 4.86
- ------------------------------------------------------------------------------
9.26 - 9.50 78 5,845,137.49 3.37
- ------------------------------------------------------------------------------
9.51 - 9.75 238 15,343,457.89 8.84
- ------------------------------------------------------------------------------
9.76 - 10.00 56 5,264,169.13 3.03
- ------------------------------------------------------------------------------
10.01 >= 618 35,751,721.07 20.61
- ------------------------------------------------------------------------------
Total: 2,080 173,471,706.45 100.00
- ------------------------------------------------------------------------------
- ------------------------------------------------------------------------------
% of
# Total Total
of Current Current
Next Rate Adjustment Date Loans Balance Balance
- ------------------------------------------------------------------------------
1999 235 22,555,975.53 13.00
- ------------------------------------------------------------------------------
2000 23 3,817,526.54 2.20
- ------------------------------------------------------------------------------
2001 1,336 112,056,133.88 64.60
- ------------------------------------------------------------------------------
2002 485 34,985,070.50 20.17
- ------------------------------------------------------------------------------
2003 1 57,000.00 0.03
- ------------------------------------------------------------------------------
Total: 2,080 173,471,706.45 100.00
- ------------------------------------------------------------------------------
Recipients of these Computational Materials must read and acknowledge the
attached document "STATEMENT REGARDING ASSUMPTIONS AS TO SECURITIES, PRICING
ESTIMATES, AND OTHER INFORMATION" before using or relying on the information
contained herein. In addition, recipients of these Computational Materials may
only use or rely on the information contained herein if read in conjunction with
the related Prospectus and Prospectus Supplement. If you have not received the
statement described above or the related Prospectus and Prospectus Supplement,
please contact your account executive at Bear, Stearns & Co. Inc.
Page 12 BEAR STEARNS
<PAGE>
Computational Material
UCFC Loan Trust 1998-D
THESE COMPUTATIONALS SUPERCEDE ALL PREVIOUSLY ISSUED VERSIONS
Note: The description of the collateral herein will be superceded by the
description of the collateral in the prospectus.
- ------------------------------------------------------------------------------
% of
# Total Total
of Current Current
Months to Next Rate Adjustment Loans Balance Balance
- ------------------------------------------------------------------------------
2 5 869,000.22 0.50
- ------------------------------------------------------------------------------
3 35 4,973,016.79 2.87
- ------------------------------------------------------------------------------
4 48 5,268,326.09 3.04
- ------------------------------------------------------------------------------
5 39 2,921,453.00 1.68
- ------------------------------------------------------------------------------
6 - 11 105 8,378,486.70 4.83
- ------------------------------------------------------------------------------
12 - 23 16 1,985,906.85 1.14
- ------------------------------------------------------------------------------
24 - 35 934 77,926,075.67 44.92
- ------------------------------------------------------------------------------
36 - 47 897 71,092,441.13 40.98
- ------------------------------------------------------------------------------
48 - 59 1 57,000.00 0.03
- ------------------------------------------------------------------------------
Total: 2,080 173,471,706.45 100.00
- ------------------------------------------------------------------------------
- ------------------------------------------------------------------------------
% of
# Total Total
of Current Current
Index Type Loans Balance Balance
- ------------------------------------------------------------------------------
Libor - 6 Month 2,048 171,416,064.43 98.81
- ------------------------------------------------------------------------------
Treasury - 1 Year 32 2,055,642.02 1.19
- ------------------------------------------------------------------------------
Total: 2,080 173,471,706.45 100.00
- ------------------------------------------------------------------------------
- ------------------------------------------------------------------------------
% of
# Total Total
of Current Current
Balloon Loans Balance Balance
- ------------------------------------------------------------------------------
Non-Balloon 2,080 173,471,706.45 100.00
- ------------------------------------------------------------------------------
Total: 2,080 173,471,706.45 100.00
- ------------------------------------------------------------------------------
Recipients of these Computational Materials must read and acknowledge the
attached document "STATEMENT REGARDING ASSUMPTIONS AS TO SECURITIES, PRICING
ESTIMATES, AND OTHER INFORMATION" before using or relying on the information
contained herein. In addition, recipients of these Computational Materials may
only use or rely on the information contained herein if read in conjunction with
the related Prospectus and Prospectus Supplement. If you have not received the
statement described above or the related Prospectus and Prospectus Supplement,
please contact your account executive at Bear, Stearns & Co. Inc.
Page 13 BEAR STEARNS
<PAGE>
Computational Material
UCFC Loan Trust 1998-D
THESE COMPUTATIONALS SUPERCEDE ALL PREVIOUSLY ISSUED VERSIONS
Note: The description of the collateral herein will be superceded by the
description of the collateral in the prospectus.
- ------------------------------------------------------------------------------
% of
# Total Total
of Current Current
Original Term Loans Balance Balance
- ------------------------------------------------------------------------------
120 - 179 5 159,530.73 0.09
- ------------------------------------------------------------------------------
180 - 239 134 5,286,069.64 3.05
- ------------------------------------------------------------------------------
240 - 299 124 5,864,825.80 3.38
- ------------------------------------------------------------------------------
360 = 1,817 162,161,280.28 93.48
- ------------------------------------------------------------------------------
Total: 2,080 173,471,706.45 100.00
- ------------------------------------------------------------------------------
- ------------------------------------------------------------------------------
% of
# Total Total
of Current Current
Seasoning Loans Balance Balance
- ------------------------------------------------------------------------------
=< 0 578 42,713,681.50 24.62
- ------------------------------------------------------------------------------
1 - 12 1,497 130,479,143.03 75.22
- ------------------------------------------------------------------------------
13 - 24 4 217,049.88 0.13
- ------------------------------------------------------------------------------
109 - 120 1 61,832.04 0.04
- ------------------------------------------------------------------------------
Total: 2,080 173,471,706.45 100.00
- ------------------------------------------------------------------------------
- ------------------------------------------------------------------------------
% of
# Total Total
Remaining Term of Current Current
to Maturity Loans Balance Balance
- ------------------------------------------------------------------------------
109 - 120 5 159,530.73 0.09
- ------------------------------------------------------------------------------
169 - 180 133 5,267,569.64 3.04
- ------------------------------------------------------------------------------
181 - 192 1 18,500.00 0.01
- ------------------------------------------------------------------------------
229 - 240 124 5,864,825.80 3.38
- ------------------------------------------------------------------------------
241 - 252 1 61,832.04 0.04
- ------------------------------------------------------------------------------
337 - 348 6 679,252.04 0.39
- ------------------------------------------------------------------------------
349 - 360 1,810 161,420,196.20 93.05
- ------------------------------------------------------------------------------
Total: 2,080 173,471,706.45 100.00
- ------------------------------------------------------------------------------
- ------------------------------------------------------------------------------
% of
# Total Total
of Current Current
Year of Origination Loans Balance Balance
- ------------------------------------------------------------------------------
1988 1 61,832.04 0.04
- ------------------------------------------------------------------------------
1997 6 679,252.04 0.39
- ------------------------------------------------------------------------------
1998 2,073 172,730,622.37 99.57
- ------------------------------------------------------------------------------
Total: 2,080 173,471,706.45 100.00
- ------------------------------------------------------------------------------
Recipients of these Computational Materials must read and acknowledge the
attached document "STATEMENT REGARDING ASSUMPTIONS AS TO SECURITIES, PRICING
ESTIMATES, AND OTHER INFORMATION" before using or relying on the information
contained herein. In addition, recipients of these Computational Materials may
only use or rely on the information contained herein if read in conjunction with
the related Prospectus and Prospectus Supplement. If you have not received the
statement described above or the related Prospectus and Prospectus Supplement,
please contact your account executive at Bear, Stearns & Co. Inc.
Page 14 BEAR STEARNS
<PAGE>
Computational Material
UCFC Loan Trust 1998-D
THESE COMPUTATIONALS SUPERCEDE ALL PREVIOUSLY ISSUED VERSIONS
Note: The description of the collateral herein will be superceded by the
description of the collateral in the prospectus.
- ------------------------------------------------------------------------------
% of
# Total Total
Maturity of Current Current
Date Loans Balance Balance
- ------------------------------------------------------------------------------
2008 5 159,530.73 0.09
- ------------------------------------------------------------------------------
2013 129 5,099,569.64 2.94
- ------------------------------------------------------------------------------
2014 5 186,500.00 0.11
- ------------------------------------------------------------------------------
2018 120 5,600,525.80 3.23
- ------------------------------------------------------------------------------
2019 5 326,132.04 0.19
- ------------------------------------------------------------------------------
2027 6 679,252.04 0.39
- ------------------------------------------------------------------------------
2028 1,768 157,692,296.20 90.90
- ------------------------------------------------------------------------------
2029 42 3,727,900.00 2.15
- ------------------------------------------------------------------------------
Total: 2,080 173,471,706.45 100.00
- ------------------------------------------------------------------------------
- ------------------------------------------------------------------------------
% of
Geographic # Total Total
Distribution of Current Current
by Balance Loans Balance Balance
- ------------------------------------------------------------------------------
California 173 29,061,021.26 16.75
- ------------------------------------------------------------------------------
Ohio 213 13,805,196.71 7.96
- ------------------------------------------------------------------------------
Michigan 183 12,608,602.77 7.27
- ------------------------------------------------------------------------------
New York 75 8,502,662.49 4.90
- ------------------------------------------------------------------------------
North Carolina 101 8,347,134.32 4.81
- ------------------------------------------------------------------------------
Indiana 138 7,613,004.18 4.39
- ------------------------------------------------------------------------------
Georgia 67 6,316,409.93 3.64
- ------------------------------------------------------------------------------
Mississippi 79 5,717,844.03 3.30
- ------------------------------------------------------------------------------
Tennessee 76 5,604,809.56 3.23
- ------------------------------------------------------------------------------
Florida 55 4,616,751.60 2.66
- ------------------------------------------------------------------------------
South Carolina 43 4,217,870.46 2.43
- ------------------------------------------------------------------------------
Louisiana 58 3,736,167.14 2.15
- ------------------------------------------------------------------------------
Virginia 45 3,682,597.74 2.12
- ------------------------------------------------------------------------------
Colorado 36 3,655,529.97 2.11
- ------------------------------------------------------------------------------
Kentucky 59 3,525,096.39 2.03
- ------------------------------------------------------------------------------
New Jersey 34 3,469,824.76 2.00
- ------------------------------------------------------------------------------
Pennsylvania 50 3,414,041.25 1.97
- ------------------------------------------------------------------------------
Massachusetts 27 3,374,719.28 1.95
- ------------------------------------------------------------------------------
Utah 34 3,245,474.02 1.87
- ------------------------------------------------------------------------------
Kansas 64 3,008,234.84 1.73
- ------------------------------------------------------------------------------
Oklahoma 49 2,916,944.37 1.68
- ------------------------------------------------------------------------------
Maine 36 2,916,683.32 1.68
- ------------------------------------------------------------------------------
Maryland 27 2,811,025.75 1.62
- ------------------------------------------------------------------------------
Illinois 57 2,775,554.28 1.60
- ------------------------------------------------------------------------------
Connecticut 21 2,237,015.22 1.29
- ------------------------------------------------------------------------------
Oregon 18 2,186,766.89 1.26
- ------------------------------------------------------------------------------
Washington 15 2,084,678.50 1.20
- ------------------------------------------------------------------------------
Recipients of these Computational Materials must read and acknowledge the
attached document "STATEMENT REGARDING ASSUMPTIONS AS TO SECURITIES, PRICING
ESTIMATES, AND OTHER INFORMATION" before using or relying on the information
contained herein. In addition, recipients of these Computational Materials may
only use or rely on the information contained herein if read in conjunction with
the related Prospectus and Prospectus Supplement. If you have not received the
statement described above or the related Prospectus and Prospectus Supplement,
please contact your account executive at Bear, Stearns & Co. Inc.
Page 15 BEAR STEARNS
<PAGE>
Computational Material
UCFC Loan Trust 1998-D
THESE COMPUTATIONALS SUPERCEDE ALL PREVIOUSLY ISSUED VERSIONS
Note: The description of the collateral herein will be superceded by the
description of the collateral in the prospectus.
- ------------------------------------------------------------------------------
Iowa 33 1,994,575.27 1.15
- ------------------------------------------------------------------------------
Arizona 21 1,872,111.56 1.08
- ------------------------------------------------------------------------------
Alabama 20 1,778,618.02 1.03
- ------------------------------------------------------------------------------
New Hampshire 22 1,744,145.48 1.01
- ------------------------------------------------------------------------------
Missouri 25 1,719,392.98 0.99
- ------------------------------------------------------------------------------
Texas 27 1,569,462.31 0.90
- ------------------------------------------------------------------------------
West Virginia 20 1,243,826.25 0.72
- ------------------------------------------------------------------------------
Wisconsin 12 1,151,095.90 0.66
- ------------------------------------------------------------------------------
Arkansas 17 876,738.07 0.51
- ------------------------------------------------------------------------------
New Mexico 10 854,060.27 0.49
- ------------------------------------------------------------------------------
District of Columbia 4 810,989.97 0.47
- ------------------------------------------------------------------------------
Minnesota 13 658,978.60 0.38
- ------------------------------------------------------------------------------
Nebraska 8 573,748.31 0.33
- ------------------------------------------------------------------------------
Idaho 7 457,334.97 0.26
- ------------------------------------------------------------------------------
Nevada 3 300,738.15 0.17
- ------------------------------------------------------------------------------
Rhode Island 2 234,643.72 0.14
- ------------------------------------------------------------------------------
Vermont 1 91,960.59 0.05
- ------------------------------------------------------------------------------
Montana 1 49,725.00 0.03
- ------------------------------------------------------------------------------
Wyoming 1 37,900.00 0.02
- ------------------------------------------------------------------------------
Total: 2,080 173,471,706.45 100.00
- ------------------------------------------------------------------------------
- ------------------------------------------------------------------------------
% of
# Total Total
of Current Current
Property Type Loans Balance Balance
- ------------------------------------------------------------------------------
Single Family Detached 1,937 157,859,657.30 91.00
- ------------------------------------------------------------------------------
Condominium 51 5,293,590.85 3.05
- ------------------------------------------------------------------------------
Duplex 40 4,198,772.49 2.42
- ------------------------------------------------------------------------------
PUD 21 3,362,851.69 1.94
- ------------------------------------------------------------------------------
Fourplex 11 1,218,337.64 0.70
- ------------------------------------------------------------------------------
Townhouse 6 502,746.79 0.29
- ------------------------------------------------------------------------------
Triplex 4 399,744.94 0.23
- ------------------------------------------------------------------------------
Rowhouse 4 256,167.04 0.15
- ------------------------------------------------------------------------------
Manufactured Housing 4 240,875.75 0.14
- ------------------------------------------------------------------------------
Modular Housing 2 138,961.96 0.08
- ------------------------------------------------------------------------------
Total: 2,080 173,471,706.45 100.00
- ------------------------------------------------------------------------------
Recipients of these Computational Materials must read and acknowledge the
attached document "STATEMENT REGARDING ASSUMPTIONS AS TO SECURITIES, PRICING
ESTIMATES, AND OTHER INFORMATION" before using or relying on the information
contained herein. In addition, recipients of these Computational Materials may
only use or rely on the information contained herein if read in conjunction with
the related Prospectus and Prospectus Supplement. If you have not received the
statement described above or the related Prospectus and Prospectus Supplement,
please contact your account executive at Bear, Stearns & Co. Inc.
Page 16 BEAR STEARNS
<PAGE>
Computational Material
UCFC Loan Trust 1998-D
THESE COMPUTATIONALS SUPERCEDE ALL PREVIOUSLY ISSUED VERSIONS
Note: The description of the collateral herein will be superceded by the
description of the collateral in the prospectus.
- ------------------------------------------------------------------------------
% of
# Total Total
of Current Current
Occupancy Loans Balance Balance
- ------------------------------------------------------------------------------
Primary 2,032 169,936,318.29 97.96
- ------------------------------------------------------------------------------
Investment 46 3,312,779.93 1.91
- ------------------------------------------------------------------------------
Second Home 2 222,608.23 0.13
- ------------------------------------------------------------------------------
Total: 2,080 173,471,706.45 100.00
- ------------------------------------------------------------------------------
- ------------------------------------------------------------------------------
% of
# Total Total
Lien of Current Current
Position Loans Balance Balance
- ------------------------------------------------------------------------------
1st Lien 2,080 173,471,706.45 100.00
- ------------------------------------------------------------------------------
Total: 2,080 173,471,706.45 100.00
- ------------------------------------------------------------------------------
Recipients of these Computational Materials must read and acknowledge the
attached document "STATEMENT REGARDING ASSUMPTIONS AS TO SECURITIES, PRICING
ESTIMATES, AND OTHER INFORMATION" before using or relying on the information
contained herein. In addition, recipients of these Computational Materials may
only use or rely on the information contained herein if read in conjunction with
the related Prospectus and Prospectus Supplement. If you have not received the
statement described above or the related Prospectus and Prospectus Supplement,
please contact your account executive at Bear, Stearns & Co. Inc.
Page 17 BEAR STEARNS
<PAGE>
<TABLE>
BEAR STEARNS BEAR, STEARNS & CO. INC.
ATLANTA o BEIJING o BOSTON o BUENOS AIRES o CHICAGO o DALLAS ASSET-BACKED SECURITIES GROUP
DUBLIN o GENEVA o HONG KONG o LONDON o LOS ANGELES 245 Park Avenue
LUGANO o NEW YORK o PARIS o SAN FRANCISCO o SAO PAOLO New York, New York 10167
SHANGAI o SINGAPORE o TOKYO o WASHINGTON, DC (212) 272-2000; (212)272-7294 fax
Computational Materials
UCFC Loan Trust 1998-D (FIXED RATE CERTIFICATES)
- --------------------------------------------------------------------------------------------------------
<S> <C>
Fax to: Date: December 16, 1998
Company: # Pages (incl. cover): 26
Fax No: Phone No:
- --------------------------------------------------------------------------------------------------------
From: Phone No:
- --------------------------------------------------------------------------------------------------------
</TABLE>
STATEMENT REGARDING ASSUMPTIONS AS TO SECURITIES, PRICING ESTIMATES, AND OTHER
INFORMATION
The information contained in the attached materials (the "Information") may
include various forms of performance analysis, security characteristics and
securities pricing estimates for the securities addressed. Please read and
understand this entire statement before utilizing the Information. The
Information is provided solely by Bear Stearns, not as agent for any issuer, and
although it may be based on data supplied to it by an issuer, the issuer has not
participated in its preparation and makes no representations regarding its
accuracy or completeness. Should you receive Information that refers to the
"Statement Regarding Assumptions and Other Information," please refer to this
statement instead.
The Information is illustrative and is not intended to predict actual results
which may differ substantially from those reflected in the Information.
Performance analysis is based on certain assumptions with respect to significant
factors that may prove not to be as assumed. You should understand the
assumptions and evaluate whether they are appropriate for your purposes.
Performance results are based on mathematical models that use inputs to
calculate results. As with all models, results may vary significantly depending
upon the value of the inputs given. Inputs to these models include but are not
limited to: prepayment expectations (economic prepayment models, single expected
lifetime prepayments or a vector of periodic prepayments), interest rate
assumptions (parallel and nonparallel changes for different maturity
instruments), collateral assumptions (actual pool level data, aggregated pool
level data, reported factors or imputed factors), volatility assumptions
(historically observed or implied current) and reported information (paydown
factors, rate resets, and trustee statements). Models used in any analysis may
be proprietary making the results difficult for any third party to reproduce.
Contact your registered representative for detailed explanations of any modeling
techniques employed in the Information.
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, including call events and cash flow priorities at all prepayment
speeds and/or interest rates. You should consider whether the behavior of these
securities should be tested as assumptions different from those included in the
Information. The assumptions underlying the Information, including structure and
collateral, may be modified from time to time to reflect changed circumstances.
Any investment decision should be based only on the data in the prospectus and
the prospectus supplement or private placement memorandum (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.. Contact your registered representative for
Offering Documents, current Information or additional materials, including other
models for performance analysis, which are likely to produce different results,
and any further explanation regarding the Information.
Any pricing estimates Bear Stearns has supplied at your request (a) represent
our view, at the time determined, of the investment value of the securities
between the estimated bid and offer levels, the spread between which may be
significant due to market volatility or illiquidity, (b) do not constitute a bid
by any person for any security, (c) may not constitute prices at which the
securities could have been purchased or sold in any market, (d) have not been
confirmed by actual trades, may vary from the value Bear Stearns assigns any
such security while in its inventory, and may not take into account the size of
a position you have in the security, and (e) may have been derived from matrix
pricing that uses data relating to other securities whose prices are more
readily ascertainable to produce a hypothetical price based on the estimated
yield spread relationship between the securities.
General Information: The data underlying the Information has been obtained from
sources that we believe are reliable, but we do not guarantee the accuracy of
the underlying data or computations based thereon. Bear, Stearns. and/or
individuals thereof may have positions in these securities while the Information
is circulating or during such period may engage in transactions with the issuer
or its affiliates. We act as principal in transactions with you, and
accordingly, you must determine the appropriateness for you of such transactions
and address any legal, tax, or accounting considerations applicable to you. Bear
Stearns shall not be a fiduciary or advisor unless we have agreed in writing to
receive compensation specifically to act in such capacities. If you are subject
to ERISA, the Information is being furnished on the condition that it will not
form a primary basis for any investment decision. The Information is not a
solicitation of any transaction in securities which may be made only by
prospectus when required by law, in which event you may obtain such prospectus
from Bear Stearns.
<PAGE>
Computational Material
UCFC Loan Trust 1998-D
THESE COMPUTATIONALS SUPERCEDE ALL PREVIOUSLY ISSUED VERSIONS
- --------------------------------------------------------------------------------
PRELIMINARY
BACKGROUND INFORMATION
UCFC LOAN TRUST 1998-D (fixed-rate bond portion only)
---------------------------------------------------
$[128,000,000] Class AF-1 FIXED-RATE CERTIFICATES
(non-SMMEA-eligible)
$[59,000,000] Class AF-2 FIXED-RATE CERTIFICATES
(non-SMMEA-eligible)
$[18,000,000] Class AF-3 FIXED-RATE CERTIFICATES
(non-SMMEA-eligible)
$[10,000,000] Class AF-4 FIXED-RATE CERTIFICATES
(non-SMMEA-eligible)
$[10,000,000] Class AF-5 FIXED-RATE CERTIFICATES
(non-SMMEA-eligible)
$[13,274,000] Class AF-6 FIXED-RATE CERTIFICATES
(non-SMMEA-eligible)
$[26,475,000] Class AF-7 FIXED-RATE CERTIFICATES
Non-Accelerated Senior Bond
(non-SMMEA-eligible)
$[150,000,000] Class AF-8 FIXED-RATE CERTIFICATES
(non-SMMEA-eligible)
$[39,638,000] Class MF-1 FIXED-RATE CERTIFICATES
(non-SMMEA-eligible)
$[33,863,000] Class MF-2 FIXED-RATE CERTIFICATES
(non-SMMEA-eligible)
$[26,250,000] Class BF-1 FIXED-RATE CERTIFICATES
(non-SMMEA eligible)
Recipients of these Computational Materials must read and acknowledge the
attached document "STATEMENT REGARDING ASSUMPTIONS AS TO SECURITIES, PRICING
ESTIMATES, AND OTHER INFORMATION" before using or relying on the information
contained herein. In addition, recipients of these Computational Materials may
only use or rely on the information contained herein if read in conjunction with
the related Prospectus and Prospectus Supplement. If you have not received the
statement described above or the related Prospectus and Prospectus Supplement,
please contact your account executive at Bear, Stearns & Co. Inc.
Page 2 BEAR STEARNS
<PAGE>
Computational Material
UCFC Loan Trust 1998-D
THESE COMPUTATIONALS SUPERCEDE ALL PREVIOUSLY ISSUED VERSIONS
- --------------------------------------------------------------------------------
<TABLE>
<CAPTION>
UCFC Loan Trust 1998-D -- Home Equity Loan Asset-Backed Certificates
UCFC LOAN TRUST 1998-D PRICING INFORMATION
--------------------------------------------------------
(FIXED-RATE BOND PORTION ONLY)
UCFC Loan Trust 1998-D Fixed-Rate Collateral Lead Manager: Prudential Securities Incorporated
Co-Manager: Bear, Stearns & Co. Inc.
Class: AF-1 AF-2 AF-3 AF-4 AF-5
<S> <C> <C> <C> <C> <C>
Approximate
Face Amount: [ 128,000,000 59,000,000 18,000,000 10,000,000 10,000,000 ]
Coupon: [------------------------------TBD---------------------------------------------------]
Price: [------------------------------TBD---------------------------------------------------]
Yield: [------------------------------TBD---------------------------------------------------]
(to 10% call)
Spread: [------------------------------TBD---------------------------------------------------]
Exp Avg Life
to Maturity: [ 0.899 2.151 2.923 3.984 4.914 ]
Exp Avg Life
to 10% Call: [ 0.899 2.151 2.923 3.984 4.914 ]
Exp 1st Prin Pmt
(To Maturity): [ 01/15/1999 09/15/2000 09/15/2001 08/15/2002 05/15/2003 ]
Exp Mat: [ 09/15/2000 09/15/2001 08/15/2002 05/15/2003 08/15/2004 ]
Exp Mat to 10% Call: [ 09/15/2000 09/15/2001 08/15/2002 05/15/2003 08/15/2004 ]
Stated Mat: [ 05/15/2013 05/15/2021 02/15/2024 10/15/2025 04/15/2027 ]
Expected
Rating (Moody's/Fitch/ S&P): Aaa/AAA/AAA Aaa/AAA/AAA Aaa/AAA/AAA Aaa/AAA/AAA Aaa/AAA/AAA
Pricing Speed: [-------------------------------25% HEP ----------------------------------------------]
Pricing Date: [------------------------------TBD---------------------------------------------------]
Investor
Settle Date: 12/30/98 12/30/98 12/30/98 12/30/98 12/30/98
Pmt Delay: 14 days 14 days 14 days 14 days 14 days
Cut-off Date: 12/01/98 12/01/98 12/01/98 12/01/98 12/01/98
Dated Date: 12/01/98 12/01/98 12/01/98 12/01/98 12/01/98
Int Pmt: 30/360 30/360 30/360 30/360 30/360
Pmt Terms: Monthly Monthly Monthly Monthly Monthly
1st Int. Pmt Date: 01/15/99 01/15/99 01/15/99 01/15/99 01/15/99
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>
Recipients of these Computational Materials must read and acknowledge the
attached document "STATEMENT REGARDING ASSUMPTIONS AS TO SECURITIES, PRICING
ESTIMATES, AND OTHER INFORMATION" before using or relying on the information
contained herein. In addition, recipients of these Computational Materials may
only use or rely on the information contained herein if read in conjunction with
the related Prospectus and Prospectus Supplement. If you have not received the
statement described above or the related Prospectus and Prospectus Supplement,
please contact your account executive at Bear, Stearns & Co. Inc.
Page 3 BEAR STEARNS
<PAGE>
Computational Material
UCFC Loan Trust 1998-D
THESE COMPUTATIONALS SUPERCEDE ALL PREVIOUSLY ISSUED VERSIONS
- --------------------------------------------------------------------------------
<TABLE>
<CAPTION>
UCFC Loan Trust 1998-D -- Home Equity Loan Asset-Backed Certificates
UCFC LOAN TRUST 1998-D PRICING INFORMATION (continued)
--------------------------------------------------------
(FIXED-RATE BOND PORTION ONLY)
Class: AF-6* AF-7 AF-8* MF-1 MF-2 BF-1**
(NAS BOND)
<S> <C> <C> <C> <C> <C> <C>
Approximate
Face Amount: [ 13,274,000 26,475,000 150,000,000 39,638,000 33,863,000 26,250,000 ]
Coupon: [------------------------------TBD----------------------------------------------------------------]
Price: [------------------------------TBD----------------------------------------------------------------]
Yield: [------------------------------TBD----------------------------------------------------------------]
Spread: [------------------------------TBD----------------------------------------------------------------]
Exp Avg Life
to Maturity: [ 9.801 6.688 2.609 5.765 5.706 5.635 ]
Exp Avg Life
to 10% call: [ 7.248 6.408 2.453 5.276 5.245 5.234 ]
Exp 1st Prin Pmt: [ 08/15/2004 06/15/2002 01/15/1999 03/15/2002 02/15/2002 01/15/2002 ]
(To Maturity)
Exp Mat: [ 03/15/2015 01/15/2015 03/15/2015 05/15/2013 07/15/2012 04/15/2011 ]
Exp Mat to 10% call: [ 11/15/2006 11/15/2006 11/15/2006 11/15/2006 11/15/2006 11/15/2006 ]
Stated Mat: [ 04/15/2030 04/15/2030 04/15/2030 04/15/2030 04/15/2030 04/15/2030 ]
Expected Rating
(Moody's/Fitch/S&P): Aaa/AAA/AAA Aaa/AAA/AAA Aaa/AAA/AAA Aa2/AA/AA A2/A/A Baa2/BBB/BBB
Pricing Speed: [-------------------------------25 HEP -----------------------------------------------------------]
Pricing Date: [------------------------------TBD----------------------------------------------------------------]
Investor Settle Date: 12/30/98 12/30/98 12/30/98 12/30/98 12/30/98 12/30/98
Pmt Delay: 14 days 14 days 14 days 14 days 14 days 14 days
Cut-off Date: 12/01/98 12/01/98 12/01/98 12/01/98 12/01/98 12/01/98
Dated Date: 12/01/98 12/01/98 12/01/98 12/01/98 12/01/98 12/01/98
Int Pmt: 30/360 30/360 30/360 30/360 30/360 30/360
Pmt Terms: Monthly Monthly Monthly Monthly Monthly Monthly
1st Int. Pmt Date: 01/15/99 01/15/99 01/15/99 01/15/99 01/15/99 01/15/99
Collateral Type: Fixed-Rate Fixed-Rate Fixed-Rate Fixed-Rate Fixed-Rate Fixed-Rate
SMMEA Eligibility: non-SMMEA non-SMMEA non-SMMEA non-SMMEA non-SMMEA non-SMMEA
* Coupon steps up by 50 bps if optional clean-up call is not exercised.
** Coupon on Class BF-1 may be subject to WAC Cap.
- ------------------------------------------------------------------------------------------------------------------------
</TABLE>
Recipients of these Computational Materials must read and acknowledge the
attached document "STATEMENT REGARDING ASSUMPTIONS AS TO SECURITIES, PRICING
ESTIMATES, AND OTHER INFORMATION" before using or relying on the information
contained herein. In addition, recipients of these Computational Materials may
only use or rely on the information contained herein if read in conjunction with
the related Prospectus and Prospectus Supplement. If you have not received the
statement described above or the related Prospectus and Prospectus Supplement,
please contact your account executive at Bear, Stearns & Co. Inc.
Page 4 BEAR STEARNS
<PAGE>
Computational Material
UCFC Loan Trust 1998-D
THESE COMPUTATIONALS SUPERCEDE ALL PREVIOUSLY ISSUED VERSIONS
- --------------------------------------------------------------------------------
UCFC Loan Trust 1998-D -- Home Equity Loan Asset-Backed Certificates
SUMMARY OF TERMS
--------------------------
Title of Securities: UCFC Loan Trust 1998-D, Home Equity Loan Asset-Backed
Certificates Class AF-1, AF-2, AF-3, AF-4, AF-5, AF-6,
AF-7, AF-8, MF-1, MF-2 and BF-1 Certificates.
Depositor: UCFC Acceptance Corporation.
Servicer: United Companies Lending Corporation, as interim
servicer, pending transfer, and EMC Mortgage Corporation
(a wholly owned subsidiary of The Bear Stearns Companies
Inc.), as subsequent servicer upon transfer (expected
prior to Feb. 28, 1999).
Servicing Fees: Base Servicing Fee of 50 bps per annum and a
supplemental Servicing See.
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: $[514,500,000]
Credit Enhancement: 1) Excess Interest
2) Over-Collateralization
3) Cross-Collateralization with ARM Loan Group
4) Subordination
Excess Interest: Excess interest cashflows will be available as credit
enhancement.
Overcollateralization: The credit enhancement provisions of the Trust are
intended to provide for the limited acceleration of the
Senior Certificates relative to the amortization of the
related collateral, generally in the early months of the
transaction. Accelerated amortization is achieved by
applying certain excess interest collected on the
collateral to the payment of principal on the Senior
Certificates, resulting in the build up of
overcollateralization ("O/C"). By paying down the
principal balance of the certificates faster than the
principal amortization of the collateral pool, an
overcollateralization amount equal to the excess of the
aggregate principal balance of the collateral pool over
the principal balance of the Certificates is created.
Excess cashflow will be directed to build O/C amount
until the collateral pool reaches its required O/C
target. Upon this event the acceleration feature will
cease, unless it is once again necessary to maintain the
required O/C level.
Initial: [2.00%] Target:[6.95%]
This O/C percentage is subject to step-down beginning in
month 37, if the Subordinate Class Principal
Distribution Test is met.
Cross-
Collateralization: Excess spread from the Fixed and the Adjustable-rate
Loan groups, if not needed to credit enhance its own
group, will be available to cover losses and build O/C
on the other group.
Initial
Subordination: *** All levels are preliminary and subject to change ***
Note: Each percentage listed below includes 2% initial
O/C.
Class AF-1 - AF-8 [21.00%]
Class MF-1 [13.45%]
Class MF-2 [ 7.00%]
Class BF-1 [ 2.00%]
Class Sizes: Class AF-1 - AF-8 [79.00%]
Class MF-1 [ 7.55%]
Class MF-2 [ 6.45%]
Class BF-1 [ 5.00%]
Recipients of these Computational Materials must read and acknowledge the
attached document "STATEMENT REGARDING ASSUMPTIONS AS TO SECURITIES, PRICING
ESTIMATES, AND OTHER INFORMATION" before using or relying on the information
contained herein. In addition, recipients of these Computational Materials may
only use or rely on the information contained herein if read in conjunction with
the related Prospectus and Prospectus Supplement. If you have not received the
statement described above or the related Prospectus and Prospectus Supplement,
please contact your account executive at Bear, Stearns & Co. Inc.
Page 5 BEAR STEARNS
<PAGE>
Computational Material
UCFC Loan Trust 1998-D
THESE COMPUTATIONALS SUPERCEDE ALL PREVIOUSLY ISSUED VERSIONS
- --------------------------------------------------------------------------------
UCFC Loan Trust 1998-D -- Home Equity Loan Asset-Backed Certificates
Distribution Date: The 15th day of each month (or, if any such date is not
a business day, the first business day thereafter)
commencing in January 1999. The payment delay will be 14
days for the Class AF-1, AF-2, AF-3, AF-4, AF-5, AF-6,
AF-7, AF-8, MF-1, MF-2 and BF-1 Certificates.
Interest Accrual: Interest will accrue from the 1st day of the preceeding
month until the 30th day of the preceeding month.
Cashflow Priority: 1) Repayment of any unrecoverable, unreimbursed Servicer
advances;
2) Base Servicing Fee + Supplemental Servicing Fee;
3) Fixed-rate interest funds, in the following order of
priority:
A) Monthly interest, including any interest
carryforward to Class AF-1 through AF-8;
B) Monthly interest, to Class MF-1;
C) Monthly interest, to Class MF-2;
D) Monthly interest, to Class BF-1;
4) Fixed-rate principal funds, in the following order of
priority:
A) To the Class AF-8 Certificates - the
Class AF-8 Pro Rata Share (36% of the
Fixed-Rate Class A principal funds);
B) To the Class AF-7 Certificates - the
Class AF-7 Principal Distribution Amount of
the Adjusted Fixed-Rate Principal
Distribution Amount (64% of the Fixed-Rate
Class A principal funds);
C) If the Subordinate Class Principal
Distribution Test is NOT met, then all
scheduled and unscheduled principal will be
paid to the Class AF-1 through AF-7
Certificates, in sequential order;
D) If the Subordinate Class Principal
Distribution Test IS met, then all
Certificates will be entitled to receive
payments of principal, in the following
order of priority: first to the Class A
Certificates (in the same order of priority
as is the case prior to the Test being met),
second to the Class MF-1 Certificates, third
to the Class MF-2 Certificates, and fourth
to the Class BF-1 Certificates;
5) Excess cashflow, as follows: to the Class AF
Certificates to build O/C, then any interest
carryforward to the Class MF-1 Certificates, then any
unpaid realized loss amount to the Class MF-1
Certificates; then any interest carryforward to the
Class MF-2 Certificates, then any unpaid realized loss
amount to the Class MF-2 Certificates; then any interest
carryforward to the Class BF-1 Certificates, then any
unpaid realized loss amount to the Class BF-1
Certificates;
6) Excess cashflow, as follows: to build the required
O/C on the adjustable-rate Certificates, then any
interest carryforward and unpaid realized loss amounts
on the adjustable-rate Certificates;
7) Any excess cashflow reverts to United Companies.
The Subordinate Class
Principal Distribution
Test: The Subordinate Class Principal Distribution Test is met
if:
A) The Remittance Date is on or after the first
Subordinate Class Principal Distribution Date; and
B) A Trigger Event has not occured. Subordinate Class
Principal Distribution Date: The later of (i) January
2002 Payment Date and (ii) the first Payment Date on
which the Senior Enhancement Percentage (i.e., the sum
of the Subordinate Certificates + the O/C amount for the
fixed-rate bonds divided by the aggregate Loan Balance
of the mortgage loans in Fixed Loan Group) is greater
than or equal to the Senior Specified Enhancement
Percentage, which is equal to two times the initial AAA
subordination (including O/C).
Senior Specified Enhancement Percentage:
---------------------------------------
[51.90%] or [19.00% + 6.95%]*2
Trigger Event: If the percentage obtained by dividing (x) the principal
amount of 60+ day delinquent loans (including
foreclosures and REOs) by (y) the aggregate outstanding
loan balance of the mortgage loans as of the last day of
the immediately preceding Remittance Period equals or
exceeds [0.40] multiplied by the Senior Enhancement
Percentage.
If the Subordinate Class Principal Distribution Test is
met, principal will be distributed in amounts that will
keep the subordination for each class at its required
level.
REQUIRED SUBORDINATION LEVELS
-----------------------------
Class AF - [51.90%]
Class MF-1 - [36.80%]
Class MF-2 - [23.90%]
Class BF-1 - [13.90%]
Recipients of these Computational Materials must read and acknowledge the
attached document "STATEMENT REGARDING ASSUMPTIONS AS TO SECURITIES, PRICING
ESTIMATES, AND OTHER INFORMATION" before using or relying on the information
contained herein. In addition, recipients of these Computational Materials may
only use or rely on the information contained herein if read in conjunction with
the related Prospectus and Prospectus Supplement. If you have not received the
statement described above or the related Prospectus and Prospectus Supplement,
please contact your account executive at Bear, Stearns & Co. Inc.
Page 6 BEAR STEARNS
<PAGE>
Computational Material
UCFC Loan Trust 1998-D
THESE COMPUTATIONALS SUPERCEDE ALL PREVIOUSLY ISSUED VERSIONS
- --------------------------------------------------------------------------------
UCFC Loan Trust 1998-D -- Home Equity Loan Asset-Backed Certificates
Class AF-7 Principal
Distribution Amount: The applicable Class AF-7 Principal percentage
multiplied by the Class AF-7 Principal pro rata
(excluding the Class AF-8 Certificates) distribution
amount for such Payment Date.
The Class AF-7 Principal Percentage
-----------------------------------
January 1999 to December 2001 ==> 0%
January 2002 to December 2003 ==> 45%
January 2004 to December 2004 ==> 80%
January 2005 to December 2005 ==> 100%
January 2006 and after ==> 300%
Offering: Public shelf offering -- a prospectus and prospectus
supplement will be distributed after pricing.
Pricing Date: TBD
Investor
Settlement Date: December 30, 1998
Form of Certificates: Book-Entry form, same-day funds through DTC, Euroclear
and CEDEL
Prepayment
Assumption: 25% HEP (2.5% CPR in month 1 with monthly incremental
increases of 2.5% CPR until the speed reaches 25% CPR in
month 10 based on loan seasoning.) This means that
seasoned loans will start further up on the prepayment
curve.
Optional
Cleanup Call: United Companies will have the right to purchase the
Home Equity Loans on any Remittance Date when the
aggregate Loan Balance of the Home Equity Loans in both
Groups 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.
Pre-Funding Account: On the closing date, approximately $[100,026,847] will
be deposited in a pre-funding account for the purchase
of additional fixed-rate mortgage loans. From the
closing date until [March] 15, 1999, the Trust intends
to purchase mortgage loans up to the entire pre-funding
amount. Funds remaining the pre-funding account that
total less than $100,000 after this period will be
distributed to investors in the Class AF-1 and Class
AF-8 Certificates as a prepayment on [March] 15, 1999.
If the funds remaining in the pre-funding account total
greater than $100,000 after this period, the funds will
be distributed on a pro-rata basis to the investors in
the Class AF-1 through AF-8 Certificates as a prepayment
on [March] 15, 1999. The additional mortgage loans will
be subject to certain aggregate group characteristics
that will be more fully described in the Prospectus
Supplement.
Base Servicing Fee: 50 bps per annum.
ERISA Considerations: Subject to the considerations and conditions described
in the Prospectus Supplement, it is expected that the
Class A Certificates may be purchased by employee
benefit plans that are subject to ERISA.
Taxation: REMIC
Legal Investment: None of the Certificates will be SMMEA-eligible.
Certificates Ratings: "Aaa", "AAA", and "AAA" for the Class AF-1, AF-2, AF-3,
AF-4, AF-5, AF-6, AF-7 and AF-8 Certificates, "Aa2",
"AA" and "AA" for Class MF-1, "A2", "A" and A" for Class
MF-2, and "Baa2", "BBB" and "BBB" for Class BF-1 by
Moody's, S&P and Fitch, respectively.
Prospectus: The Certificates are being offered pursuant to a
Prospectus which includes a Prospetus Supplement
(together, the "Prospectus"). Complete information with
respect to the Certificates and the Collateral is
contained in the Prospectus. The foregoing is qualified
in its entirety by the information appearing in the
Prospectus. To the extent that the foregoing is
inconsistent with the Prospectus, the Prospectus shall
govern in all respects. Sales of the Certificates may
not be consumated unless the purchaser has received the
Prospectus.
Recipients of these Computational Materials must read and acknowledge the
attached document "STATEMENT REGARDING ASSUMPTIONS AS TO SECURITIES, PRICING
ESTIMATES, AND OTHER INFORMATION" before using or relying on the information
contained herein. In addition, recipients of these Computational Materials may
only use or rely on the information contained herein if read in conjunction with
the related Prospectus and Prospectus Supplement. If you have not received the
statement described above or the related Prospectus and Prospectus Supplement,
please contact your account executive at Bear, Stearns & Co. Inc.
Page 7 BEAR STEARNS
<PAGE>
Computational Material
UCFC Loan Trust 1998-D
THESE COMPUTATIONALS SUPERCEDE ALL PREVIOUSLY ISSUED VERSIONS
- --------------------------------------------------------------------------------
<TABLE>
<CAPTION>
CURRENT BALANCE: $128,000,000.00 DATED DATE: 12/01/98
COUPON: TBD% ucfc98df FIRST PAYMENT: 01/15/99
FACTOR: 1.0000000000 TOTAL CLASSES: 15
ORIGINAL BALANCE: $128,000,000.00 BOND AF-1 BE-YIELD TABLE YIELD TABLE DATE: 12/30/98
PREPAYMENT SPEED
PRICING SPEED
FIX (HEP) 25 15 18 22 28
ARM (CPR) 100 PPC 100 PPC 100 PPC 100 PPC 100 PPC
<S> <C> <C> <C> <C> <C>
99-24 6.247 6.243 6.244 6.246 6.248
99-24+ 6.228 6.230 6.229 6.229 6.228
99-25 6.210 6.217 6.214 6.212 6.208
99-25+ 6.191 6.203 6.199 6.195 6.188
99-26 6.173 6.190 6.184 6.177 6.168
99-26+ 6.154 6.177 6.169 6.160 6.148
99-27 6.136 6.163 6.154 6.143 6.129
99-27+ 6.117 6.150 6.139 6.126 6.109
99-28 6.099 6.137 6.124 6.109 6.089
99-28+ 6.080 6.123 6.109 6.092 6.069
99-29 6.062 6.110 6.094 6.075 6.050
99-29+ 6.044 6.097 6.079 6.058 6.030
99-30 6.025 6.083 6.064 6.041 6.010
99-30+ 6.007 6.070 6.049 6.024 5.990
99-31 5.988 6.057 6.035 6.007 5.971
99-31+ 5.970 6.043 6.020 5.990 5.951
100-00 5.951 6.030 6.005 5.973 5.931
100-00+ 5.933 6.017 5.990 5.956 5.911
100-01 5.915 6.004 5.975 5.939 5.892
100-01+ 5.896 5.990 5.960 5.922 5.872
100-02 5.878 5.977 5.945 5.905 5.852
100-02+ 5.859 5.964 5.930 5.888 5.832
100-03 5.841 5.951 5.915 5.871 5.813
100-03+ 5.823 5.937 5.900 5.854 5.793
100-04 5.804 5.924 5.885 5.837 5.773
100-04+ 5.786 5.911 5.870 5.820 5.754
100-05 5.767 5.898 5.855 5.803 5.734
100-05+ 5.749 5.884 5.840 5.787 5.714
100-06 5.731 5.871 5.825 5.770 5.695
100-06+ 5.712 5.858 5.811 5.753 5.675
100-07 5.694 5.845 5.796 5.736 5.655
100-07+ 5.676 5.831 5.781 5.719 5.636
First Payment 0.042 0.042 0.042 0.042 0.042
Average Life 0.899 1.266 1.117 0.977 0.836
Last Payment 1.708 2.542 2.208 1.875 1.542
Mod.Dur. @ 100-00 0.844 1.170 1.040 0.915 0.788
</TABLE>
Recipients of these Computational Materials must read and acknowledge the
attached document "STATEMENT REGARDING ASSUMPTIONS AS TO SECURITIES, PRICING
ESTIMATES, AND OTHER INFORMATION" before using or relying on the information
contained herein. In addition, recipients of these Computational Materials may
only use or rely on the information contained herein if read in conjunction with
the related Prospectus and Prospectus Supplement. If you have not received the
statement described above or the related Prospectus and Prospectus Supplement,
please contact your account executive at Bear, Stearns & Co. Inc.
Page 8 BEAR STEARNS
<PAGE>
Computational Material
UCFC Loan Trust 1998-D
THESE COMPUTATIONALS SUPERCEDE ALL PREVIOUSLY ISSUED VERSIONS
- --------------------------------------------------------------------------------
<TABLE>
<CAPTION>
CURRENT BALANCE: $59,000,000.00 DATED DATE: 12/01/98
COUPON: TBD% ucfc98df FIRST PAYMENT: 01/15/99
FACTOR: 1.0000000000 TOTAL CLASSES: 15
ORIGINAL BALANCE: $59,000,000.00 BOND AF-2 BE-YIELD TABLE YIELD TABLE DATE: 12/30/98
PRICING SPEED
FIX (HEP) 25 15 18 22 28
ARM (CPR) 100 PPC 100 PPC 100 PPC 100 PPC 100 PPC
<S> <C> <C> <C> <C> <C>
99-24 6.104 6.101 6.102 6.103 6.105
99-24+ 6.096 6.096 6.096 6.096 6.096
99-25 6.088 6.091 6.090 6.089 6.087
99-25+ 6.080 6.086 6.084 6.082 6.078
99-26 6.072 6.080 6.078 6.074 6.070
99-26+ 6.064 6.075 6.072 6.067 6.061
99-27 6.056 6.070 6.066 6.060 6.052
99-27+ 6.048 6.065 6.060 6.053 6.043
99-28 6.040 6.060 6.054 6.046 6.035
99-28+ 6.032 6.055 6.048 6.039 6.026
99-29 6.024 6.049 6.042 6.032 6.017
99-29+ 6.016 6.044 6.036 6.024 6.008
99-30 6.008 6.039 6.030 6.017 6.000
99-30+ 6.000 6.034 6.024 6.010 5.991
99-31 5.993 6.029 6.017 6.003 5.982
99-31+ 5.985 6.023 6.011 5.996 5.973
100-00 5.977 6.018 6.005 5.989 5.965
100-00+ 5.969 6.013 5.999 5.981 5.956
100-01 5.961 6.008 5.993 5.974 5.947
100-01+ 5.953 6.003 5.987 5.967 5.938
100-02 5.945 5.998 5.981 5.960 5.930
100-02+ 5.937 5.992 5.975 5.953 5.921
100-03 5.929 5.987 5.969 5.946 5.912
100-03+ 5.921 5.982 5.963 5.939 5.904
100-04 5.913 5.977 5.957 5.931 5.895
100-04+ 5.905 5.972 5.951 5.924 5.886
100-05 5.897 5.967 5.945 5.917 5.877
100-05+ 5.889 5.961 5.939 5.910 5.869
100-06 5.881 5.956 5.933 5.903 5.860
100-06+ 5.873 5.951 5.927 5.896 5.851
100-07 5.866 5.946 5.921 5.889 5.843
100-07+ 5.858 5.941 5.915 5.882 5.834
First Payment 1.708 2.542 2.208 1.875 1.542
Average Life 2.151 3.435 2.900 2.409 1.943
Last Payment 2.708 4.708 3.875 3.042 2.375
Mod.Dur. @ 100-00 1.957 3.006 2.579 2.175 1.780
</TABLE>
Recipients of these Computational Materials must read and acknowledge the
attached document "STATEMENT REGARDING ASSUMPTIONS AS TO SECURITIES, PRICING
ESTIMATES, AND OTHER INFORMATION" before using or relying on the information
contained herein. In addition, recipients of these Computational Materials may
only use or rely on the information contained herein if read in conjunction with
the related Prospectus and Prospectus Supplement. If you have not received the
statement described above or the related Prospectus and Prospectus Supplement,
please contact your account executive at Bear, Stearns & Co. Inc.
Page 9 BEAR STEARNS
<PAGE>
Computational Material
UCFC Loan Trust 1998-D
THESE COMPUTATIONALS SUPERCEDE ALL PREVIOUSLY ISSUED VERSIONS
- --------------------------------------------------------------------------------
<TABLE>
<CAPTION>
CURRENT BALANCE: $18,000,000.00 DATED DATE: 12/01/98
COUPON: TBD% ucfc98df FIRST PAYMENT: 01/15/99
FACTOR: 1.0000000000 TOTAL CLASSES: 15
ORIGINAL BALANCE: $18,000,000.00 BOND AF-3 BE-YIELD TABLE YIELD TABLE DATE: 12/30/98
PRICING SPEED
FIX (HEP) 25 15 18 22 28
ARM (CPR) 100 PPC 100 PPC 100 PPC 100 PPC 100 PPC
<S> <C> <C> <C> <C> <C>
99-24 6.203 6.201 6.202 6.202 6.204
99-24+ 6.197 6.198 6.198 6.197 6.197
99-25 6.191 6.194 6.194 6.192 6.190
99-25+ 6.185 6.191 6.190 6.187 6.183
99-26 6.179 6.188 6.186 6.183 6.177
99-26+ 6.173 6.184 6.182 6.178 6.170
99-27 6.167 6.181 6.178 6.173 6.163
99-27+ 6.161 6.177 6.174 6.168 6.156
99-28 6.155 6.174 6.170 6.163 6.150
99-28+ 6.149 6.171 6.166 6.158 6.143
99-29 6.143 6.167 6.162 6.153 6.136
99-29+ 6.137 6.164 6.158 6.148 6.129
99-30 6.131 6.161 6.154 6.143 6.123
99-30+ 6.125 6.157 6.150 6.138 6.116
99-31 6.119 6.154 6.146 6.133 6.109
99-31+ 6.113 6.151 6.142 6.129 6.102
100-00 6.107 6.147 6.138 6.124 6.096
100-00+ 6.101 6.144 6.134 6.119 6.089
100-01 6.095 6.140 6.130 6.114 6.082
100-01+ 6.089 6.137 6.126 6.109 6.075
100-02 6.083 6.134 6.122 6.104 6.069
100-02+ 6.077 6.130 6.118 6.099 6.062
100-03 6.071 6.127 6.114 6.094 6.055
100-03+ 6.065 6.124 6.110 6.089 6.049
100-04 6.059 6.120 6.106 6.084 6.042
100-04+ 6.053 6.117 6.102 6.080 6.035
100-05 6.047 6.114 6.098 6.075 6.028
100-05+ 6.041 6.110 6.094 6.070 6.022
100-06 6.035 6.107 6.090 6.065 6.015
100-06+ 6.029 6.104 6.086 6.060 6.008
100-07 6.023 6.100 6.082 6.055 6.001
100-07+ 6.017 6.097 6.078 6.050 5.995
First Payment 2.708 4.708 3.875 3.042 2.375
Average Life 2.923 5.643 4.604 3.646 2.570
Last Payment 3.625 6.792 5.458 4.292 2.708
Mod.Dur. @ 100-00 2.596 4.625 3.891 3.170 2.308
</TABLE>
Recipients of these Computational Materials must read and acknowledge the
attached document "STATEMENT REGARDING ASSUMPTIONS AS TO SECURITIES, PRICING
ESTIMATES, AND OTHER INFORMATION" before using or relying on the information
contained herein. In addition, recipients of these Computational Materials may
only use or rely on the information contained herein if read in conjunction with
the related Prospectus and Prospectus Supplement. If you have not received the
statement described above or the related Prospectus and Prospectus Supplement,
please contact your account executive at Bear, Stearns & Co. Inc.
Page 10 BEAR STEARNS
<PAGE>
Computational Material
UCFC Loan Trust 1998-D
THESE COMPUTATIONALS SUPERCEDE ALL PREVIOUSLY ISSUED VERSIONS
- --------------------------------------------------------------------------------
<TABLE>
<CAPTION>
CURRENT BALANCE: $10,000,000.00 DATED DATE: 12/01/98
COUPON: TBD% ucfc98df FIRST PAYMENT: 01/15/99
FACTOR: 1.0000000000 TOTAL CLASSES: 15
ORIGINAL BALANCE: $10,000,000.00 BOND AF-4 BE-YIELD TABLE YIELD TABLE DATE: 12/30/98
PREPAYMENT SPEED
PRICING SPEED
FIX (HEP) 25 15 18 22 28
ARM (CPR) 100 PPC 100 PPC 100 PPC 100 PPC 100 PPC
<S> <C> <C> <C> <C> <C>
99-24 6.344 6.343 6.343 6.344 6.345
99-24+ 6.339 6.341 6.340 6.340 6.338
99-25 6.335 6.338 6.337 6.336 6.332
99-25+ 6.330 6.336 6.334 6.332 6.326
99-26 6.326 6.333 6.331 6.328 6.320
99-26+ 6.321 6.331 6.328 6.324 6.314
99-27 6.317 6.328 6.325 6.320 6.308
99-27+ 6.312 6.326 6.321 6.316 6.301
99-28 6.308 6.324 6.318 6.312 6.295
99-28+ 6.303 6.321 6.315 6.308 6.289
99-29 6.298 6.319 6.312 6.304 6.283
99-29+ 6.294 6.316 6.309 6.301 6.277
99-30 6.289 6.314 6.306 6.297 6.271
99-30+ 6.285 6.311 6.302 6.293 6.264
99-31 6.280 6.309 6.299 6.289 6.258
99-31+ 6.276 6.306 6.296 6.285 6.252
100-00 6.271 6.304 6.293 6.281 6.246
100-00+ 6.267 6.302 6.290 6.277 6.240
100-01 6.262 6.299 6.287 6.273 6.234
100-01+ 6.258 6.297 6.284 6.269 6.227
100-02 6.253 6.294 6.280 6.265 6.221
100-02+ 6.248 6.292 6.277 6.261 6.215
100-03 6.244 6.289 6.274 6.257 6.209
100-03+ 6.239 6.287 6.271 6.253 6.203
100-04 6.235 6.284 6.268 6.250 6.197
100-04+ 6.230 6.282 6.265 6.246 6.191
100-05 6.226 6.279 6.262 6.242 6.184
100-05+ 6.221 6.277 6.258 6.238 6.178
100-06 6.217 6.275 6.255 6.234 6.172
100-06+ 6.212 6.272 6.252 6.230 6.166
100-07 6.208 6.270 6.249 6.226 6.160
100-07+ 6.203 6.267 6.246 6.222 6.154
First Payment 3.625 6.792 5.458 4.292 2.708
Average Life 3.984 8.443 6.139 4.717 2.840
Last Payment 4.375 9.875 6.958 5.208 2.958
Mod.Dur. @ 100-00 3.419 6.349 4.942 3.961 2.524
</TABLE>
Recipients of these Computational Materials must read and acknowledge the
attached document "STATEMENT REGARDING ASSUMPTIONS AS TO SECURITIES, PRICING
ESTIMATES, AND OTHER INFORMATION" before using or relying on the information
contained herein. In addition, recipients of these Computational Materials may
only use or rely on the information contained herein if read in conjunction with
the related Prospectus and Prospectus Supplement. If you have not received the
statement described above or the related Prospectus and Prospectus Supplement,
please contact your account executive at Bear, Stearns & Co. Inc.
Page 11 BEAR STEARNS
<PAGE>
Computational Material
UCFC Loan Trust 1998-D
THESE COMPUTATIONALS SUPERCEDE ALL PREVIOUSLY ISSUED VERSIONS
- --------------------------------------------------------------------------------
<TABLE>
<CAPTION>
CURRENT BALANCE: $10,000,000.00 DATED DATE: 12/01/98
COUPON: TBD% ucfc98df FIRST PAYMENT: 01/15/99
FACTOR: 1.0000000000 TOTAL CLASSES: 15
ORIGINAL BALANCE: $10,000,000.00 BOND AF-5 BE-YIELD TABLE YIELD TABLE DATE: 12/30/98
PREPAYMENT SPEED
PRICING SPEED
FIX (HEP) 25 15 18 22 28
ARM (CPR) 100 PPC 100 PPC 100 PPC 100 PPC 100 PPC
<S> <C> <C> <C> <C> <C>
99-24 6.476 6.476 6.476 6.476 6.476
99-24+ 6.472 6.474 6.474 6.473 6.471
99-25 6.468 6.472 6.471 6.470 6.467
99-25+ 6.465 6.470 6.469 6.466 6.462
99-26 6.461 6.468 6.467 6.463 6.457
99-26+ 6.457 6.466 6.464 6.460 6.452
99-27 6.453 6.463 6.462 6.457 6.448
99-27+ 6.449 6.461 6.460 6.454 6.443
99-28 6.445 6.459 6.457 6.450 6.438
99-28+ 6.442 6.457 6.455 6.447 6.434
99-29 6.438 6.455 6.453 6.444 6.429
99-29+ 6.434 6.453 6.450 6.441 6.424
99-30 6.430 6.451 6.448 6.438 6.420
99-30+ 6.426 6.449 6.446 6.434 6.415
99-31 6.423 6.447 6.443 6.431 6.410
99-31+ 6.419 6.445 6.441 6.428 6.406
100-00 6.415 6.443 6.439 6.425 6.401
100-00+ 6.411 6.441 6.436 6.422 6.396
100-01 6.407 6.439 6.434 6.419 6.391
100-01+ 6.404 6.437 6.432 6.415 6.387
100-02 6.400 6.435 6.429 6.412 6.382
100-02+ 6.396 6.433 6.427 6.409 6.377
100-03 6.392 6.431 6.425 6.406 6.373
100-03+ 6.388 6.428 6.422 6.403 6.368
100-04 6.385 6.426 6.420 6.399 6.363
100-04+ 6.381 6.424 6.418 6.396 6.359
100-05 6.377 6.422 6.415 6.393 6.354
100-05+ 6.373 6.420 6.413 6.390 6.349
100-06 6.369 6.418 6.411 6.387 6.345
100-06+ 6.366 6.416 6.408 6.384 6.340
100-07 6.362 6.414 6.406 6.380 6.335
100-07+ 6.358 6.412 6.404 6.377 6.331
First Payment 4.375 9.875 6.958 5.208 2.958
Average Life 4.914 10.785 9.096 6.094 3.865
Last Payment 5.625 11.042 9.792 8.458 4.542
Mod.Dur. @ 100-00 4.086 7.558 6.680 4.886 3.312
</TABLE>
Recipients of these Computational Materials must read and acknowledge the
attached document "STATEMENT REGARDING ASSUMPTIONS AS TO SECURITIES, PRICING
ESTIMATES, AND OTHER INFORMATION" before using or relying on the information
contained herein. In addition, recipients of these Computational Materials may
only use or rely on the information contained herein if read in conjunction with
the related Prospectus and Prospectus Supplement. If you have not received the
statement described above or the related Prospectus and Prospectus Supplement,
please contact your account executive at Bear, Stearns & Co. Inc.
Page 12 BEAR STEARNS
<PAGE>
Computational Material
UCFC Loan Trust 1998-D
THESE COMPUTATIONALS SUPERCEDE ALL PREVIOUSLY ISSUED VERSIONS
- --------------------------------------------------------------------------------
<TABLE>
<CAPTION>
CURRENT BALANCE: $13,274,000.00 DATED DATE: 12/01/98
COUPON: TBD% ucfc98df FIRST PAYMENT: 01/15/99
FACTOR: 1.0000000000 TOTAL CLASSES: 15
ORIGINAL BALANCE: $13,274,000.00 BOND AF-6 BE-YIELD TABLE YIELD TABLE DATE: 12/30/98
PREPAYMENT SPEED
*** TO CALL ***
PRICING SPEED
FIX (HEP) 25 15 18 22 28
ARM (CPR) 100 PPC 100 PPC 100 PPC 100 PPC 100 PPC
<S> <C> <C> <C> <C> <C>
99-24 6.792 6.793 6.793 6.792 6.792
99-24+ 6.789 6.791 6.790 6.790 6.789
99-25 6.787 6.789 6.788 6.788 6.785
99-25+ 6.784 6.787 6.786 6.785 6.782
99-26 6.781 6.785 6.784 6.783 6.779
99-26+ 6.778 6.782 6.781 6.780 6.775
99-27 6.775 6.780 6.779 6.778 6.772
99-27+ 6.773 6.778 6.777 6.775 6.769
99-28 6.770 6.776 6.775 6.773 6.765
99-28+ 6.767 6.774 6.772 6.770 6.762
99-29 6.764 6.772 6.770 6.768 6.759
99-29+ 6.761 6.770 6.768 6.765 6.756
99-30 6.759 6.768 6.766 6.763 6.752
99-30+ 6.756 6.766 6.764 6.760 6.749
99-31 6.753 6.764 6.761 6.758 6.746
99-31+ 6.750 6.762 6.759 6.755 6.742
100-00 6.747 6.760 6.757 6.753 6.739
100-00+ 6.745 6.758 6.755 6.750 6.736
100-01 6.742 6.756 6.752 6.748 6.732
100-01+ 6.739 6.754 6.750 6.746 6.729
100-02 6.736 6.752 6.748 6.743 6.726
100-02+ 6.733 6.750 6.746 6.741 6.723
100-03 6.731 6.747 6.743 6.738 6.719
100-03+ 6.728 6.745 6.741 6.736 6.716
100-04 6.725 6.743 6.739 6.733 6.713
100-04+ 6.722 6.741 6.737 6.731 6.709
100-05 6.719 6.739 6.735 6.728 6.706
100-05+ 6.717 6.737 6.732 6.726 6.703
100-06 6.714 6.735 6.730 6.723 6.700
100-06+ 6.711 6.733 6.728 6.721 6.696
100-07 6.708 6.731 6.726 6.718 6.693
100-07+ 6.705 6.729 6.723 6.716 6.690
First Payment 5.625 11.042 9.792 8.458 4.542
Average Life 7.248 11.042 9.792 8.541 5.927
Last Payment 7.875 11.042 9.792 8.542 7.292
Mod.Dur. @ 100-00 5.546 7.559 6.955 6.299 4.714
</TABLE>
Recipients of these Computational Materials must read and acknowledge the
attached document "STATEMENT REGARDING ASSUMPTIONS AS TO SECURITIES, PRICING
ESTIMATES, AND OTHER INFORMATION" before using or relying on the information
contained herein. In addition, recipients of these Computational Materials may
only use or rely on the information contained herein if read in conjunction with
the related Prospectus and Prospectus Supplement. If you have not received the
statement described above or the related Prospectus and Prospectus Supplement,
please contact your account executive at Bear, Stearns & Co. Inc.
Page 13 BEAR STEARNS
<PAGE>
Computational Material
UCFC Loan Trust 1998-D
THESE COMPUTATIONALS SUPERCEDE ALL PREVIOUSLY ISSUED VERSIONS
- --------------------------------------------------------------------------------
<TABLE>
<CAPTION>
CURRENT BALANCE: $26,475,000.00 DATED DATE: 12/01/98
COUPON: TBD% ucfc98df FIRST PAYMENT: 01/15/99
FACTOR: 1.0000000000 TOTAL CLASSES: 15
ORIGINAL BALANCE: $26,475,000.00 BOND AF-7 BE-YIELD TABLE YIELD TABLE DATE: 12/30/98
PREPAYMENT SPEED
*** TO CALL ***
PRICING SPEED
FIX (HEP) 25 15 18 22 28
ARM (CPR) 100 PPC 100 PPC 100 PPC 100 PPC 100 PPC
<S> <C> <C> <C> <C> <C>
99-24 6.405 6.405 6.405 6.405 6.405
99-24+ 6.401 6.402 6.402 6.402 6.401
99-25 6.398 6.399 6.399 6.398 6.398
99-25+ 6.395 6.396 6.396 6.395 6.395
99-26 6.392 6.393 6.393 6.392 6.392
99-26+ 6.389 6.390 6.390 6.389 6.389
99-27 6.386 6.387 6.387 6.386 6.386
99-27+ 6.383 6.384 6.384 6.383 6.383
99-28 6.380 6.381 6.381 6.380 6.380
99-28+ 6.377 6.378 6.378 6.377 6.377
99-29 6.374 6.375 6.375 6.374 6.373
99-29+ 6.371 6.372 6.372 6.371 6.370
99-30 6.368 6.369 6.369 6.368 6.367
99-30+ 6.365 6.366 6.366 6.365 6.364
99-31 6.362 6.364 6.363 6.362 6.361
99-31+ 6.359 6.361 6.360 6.359 6.358
100-00 6.355 6.358 6.357 6.356 6.355
100-00+ 6.352 6.355 6.354 6.353 6.352
100-01 6.349 6.352 6.351 6.350 6.349
100-01+ 6.346 6.349 6.348 6.347 6.346
100-02 6.343 6.346 6.345 6.344 6.342
100-02+ 6.340 6.343 6.342 6.341 6.339
100-03 6.337 6.340 6.339 6.338 6.336
100-03+ 6.334 6.337 6.336 6.335 6.333
100-04 6.331 6.334 6.333 6.332 6.330
100-04+ 6.328 6.331 6.330 6.328 6.327
100-05 6.325 6.329 6.327 6.325 6.324
100-05+ 6.322 6.326 6.324 6.322 6.321
100-06 6.319 6.323 6.321 6.319 6.318
100-06+ 6.316 6.320 6.318 6.316 6.315
100-07 6.313 6.317 6.315 6.313 6.311
100-07+ 6.310 6.314 6.312 6.310 6.308
First Payment 3.458 3.042 3.042 3.042 3.875
Average Life 6.408 6.879 6.652 6.493 6.291
Last Payment 7.875 11.042 9.792 8.542 7.292
Mod.Dur. @ 100-00 5.071 5.322 5.193 5.111 5.011
</TABLE>
Recipients of these Computational Materials must read and acknowledge the
attached document "STATEMENT REGARDING ASSUMPTIONS AS TO SECURITIES, PRICING
ESTIMATES, AND OTHER INFORMATION" before using or relying on the information
contained herein. In addition, recipients of these Computational Materials may
only use or rely on the information contained herein if read in conjunction with
the related Prospectus and Prospectus Supplement. If you have not received the
statement described above or the related Prospectus and Prospectus Supplement,
please contact your account executive at Bear, Stearns & Co. Inc.
Page 14 BEAR STEARNS
<PAGE>
Computational Material
UCFC Loan Trust 1998-D
THESE COMPUTATIONALS SUPERCEDE ALL PREVIOUSLY ISSUED VERSIONS
- --------------------------------------------------------------------------------
<TABLE>
<CAPTION>
CURRENT BALANCE: $150,000,000.00 DATED DATE: 12/01/98
COUPON: TBD% ucfc98df FIRST PAYMENT: 01/15/99
FACTOR: 1.0000000000 TOTAL CLASSES: 15
ORIGINAL BALANCE: $150,000,000.00 BOND AF-8 BE-YIELD TABLE YIELD TABLE DATE: 12/30/98
PREPAYMENT SPEED
*** TO CALL ***
PRICING SPEED
FIX (HEP) 25 15 18 22 28
ARM (CPR) 100 PPC 100 PPC 100 PPC 100 PPC 100 PPC
<S> <C> <C> <C> <C> <C>
99-24 6.431 6.430 6.431 6.431 6.431
99-24+ 6.423 6.425 6.425 6.424 6.423
99-25 6.416 6.420 6.419 6.417 6.415
99-25+ 6.408 6.415 6.413 6.410 6.406
99-26 6.401 6.410 6.407 6.404 6.398
99-26+ 6.394 6.404 6.401 6.397 6.390
99-27 6.386 6.399 6.395 6.390 6.382
99-27+ 6.379 6.394 6.389 6.383 6.373
99-28 6.371 6.389 6.384 6.377 6.365
99-28+ 6.364 6.383 6.378 6.370 6.357
99-29 6.356 6.378 6.372 6.363 6.349
99-29+ 6.349 6.373 6.366 6.356 6.340
99-30 6.341 6.368 6.360 6.350 6.332
99-30+ 6.334 6.363 6.354 6.343 6.324
99-31 6.327 6.357 6.348 6.336 6.316
99-31+ 6.319 6.352 6.342 6.329 6.308
100-00 6.312 6.347 6.337 6.323 6.299
100-00+ 6.304 6.342 6.331 6.316 6.291
100-01 6.297 6.337 6.325 6.309 6.283
100-01+ 6.289 6.331 6.319 6.302 6.275
100-02 6.282 6.326 6.313 6.296 6.267
100-02+ 6.275 6.321 6.307 6.289 6.258
100-03 6.267 6.316 6.301 6.282 6.250
100-03+ 6.260 6.311 6.296 6.276 6.242
100-04 6.252 6.305 6.290 6.269 6.234
100-04+ 6.245 6.300 6.284 6.262 6.226
100-05 6.238 6.295 6.278 6.255 6.217
100-05+ 6.230 6.290 6.272 6.249 6.209
100-06 6.223 6.285 6.266 6.242 6.201
100-06+ 6.215 6.280 6.261 6.235 6.193
100-07 6.208 6.274 6.255 6.229 6.185
100-07+ 6.201 6.269 6.249 6.222 6.177
First Payment 0.042 0.042 0.042 0.042 0.042
Average Life 2.453 3.729 3.231 2.743 2.192
Last Payment 7.875 11.042 9.792 8.542 7.292
Mod.Dur. @ 100-00 2.093 2.990 2.653 2.307 1.895
</TABLE>
Recipients of these Computational Materials must read and acknowledge the
attached document "STATEMENT REGARDING ASSUMPTIONS AS TO SECURITIES, PRICING
ESTIMATES, AND OTHER INFORMATION" before using or relying on the information
contained herein. In addition, recipients of these Computational Materials may
only use or rely on the information contained herein if read in conjunction with
the related Prospectus and Prospectus Supplement. If you have not received the
statement described above or the related Prospectus and Prospectus Supplement,
please contact your account executive at Bear, Stearns & Co. Inc.
Page 15 BEAR STEARNS
<PAGE>
Computational Material
UCFC Loan Trust 1998-D
THESE COMPUTATIONALS SUPERCEDE ALL PREVIOUSLY ISSUED VERSIONS
- --------------------------------------------------------------------------------
<TABLE>
<CAPTION>
CURRENT BALANCE: $39,638,000.00 DATED DATE: 12/01/98
COUPON: TBD% ucfc98df FIRST PAYMENT: 01/15/99
FACTOR: 1.0000000000 TOTAL CLASSES: 15
ORIGINAL BALANCE: $39,638,000.00 BOND MF-1 BE-YIELD TABLE YIELD TABLE DATE: 12/30/98
PREPAYMENT SPEED
*** TO CALL ***
PRICING SPEED
FIX (HEP) 25 15 18 22 28
ARM (CPR) 100 PPC 100 PPC 100 PPC 100 PPC 100 PPC
<S> <C> <C> <C> <C> <C>
99-24 6.975 6.976 6.976 6.975 6.975
99-24+ 6.971 6.974 6.973 6.972 6.971
99-25 6.968 6.971 6.970 6.969 6.967
99-25+ 6.964 6.968 6.967 6.965 6.963
99-26 6.960 6.966 6.964 6.962 6.959
99-26+ 6.957 6.963 6.961 6.958 6.955
99-27 6.953 6.960 6.958 6.955 6.952
99-27+ 6.949 6.957 6.955 6.951 6.948
99-28 6.946 6.955 6.952 6.948 6.944
99-28+ 6.942 6.952 6.949 6.945 6.940
99-29 6.938 6.949 6.946 6.941 6.936
99-29+ 6.934 6.947 6.943 6.938 6.932
99-30 6.931 6.944 6.940 6.934 6.928
99-30+ 6.927 6.941 6.937 6.931 6.924
99-31 6.923 6.939 6.934 6.927 6.921
99-31+ 6.920 6.936 6.931 6.924 6.917
100-00 6.916 6.933 6.928 6.921 6.913
100-00+ 6.912 6.931 6.925 6.917 6.909
100-01 6.909 6.928 6.922 6.914 6.905
100-01+ 6.905 6.925 6.919 6.910 6.901
100-02 6.901 6.923 6.916 6.907 6.897
100-02+ 6.898 6.920 6.913 6.904 6.893
100-03 6.894 6.917 6.910 6.900 6.890
100-03+ 6.890 6.915 6.907 6.897 6.886
100-04 6.887 6.912 6.904 6.893 6.882
100-04+ 6.883 6.909 6.901 6.890 6.878
100-05 6.879 6.907 6.898 6.886 6.874
100-05+ 6.875 6.904 6.895 6.883 6.870
100-06 6.872 6.901 6.892 6.880 6.866
100-06+ 6.868 6.899 6.889 6.876 6.863
100-07 6.864 6.896 6.886 6.873 6.859
100-07+ 6.861 6.893 6.883 6.869 6.855
First Payment 3.208 4.125 3.542 3.042 3.458
Average Life 5.276 7.925 6.861 5.803 4.952
Last Payment 7.875 11.042 9.792 8.542 7.292
Mod.Dur. @ 100-00 4.213 5.798 5.192 4.545 4.013
</TABLE>
Recipients of these Computational Materials must read and acknowledge the
attached document "STATEMENT REGARDING ASSUMPTIONS AS TO SECURITIES, PRICING
ESTIMATES, AND OTHER INFORMATION" before using or relying on the information
contained herein. In addition, recipients of these Computational Materials may
only use or rely on the information contained herein if read in conjunction with
the related Prospectus and Prospectus Supplement. If you have not received the
statement described above or the related Prospectus and Prospectus Supplement,
please contact your account executive at Bear, Stearns & Co. Inc.
Page 16 BEAR STEARNS
<PAGE>
Computational Material
UCFC Loan Trust 1998-D
THESE COMPUTATIONALS SUPERCEDE ALL PREVIOUSLY ISSUED VERSIONS
- --------------------------------------------------------------------------------
<TABLE>
<CAPTION>
CURRENT BALANCE: $33,863,000.00 DATED DATE: 12/01/98
COUPON: TBD% ucfc98df FIRST PAYMENT: 01/15/99
FACTOR: 1.0000000000 TOTAL CLASSES: 15
ORIGINAL BALANCE: $33,863,000.00 BOND MF-2 BE-YIELD TABLE YIELD TABLE DATE: 12/30/98
PREPAYMENT SPEED
*** TO CALL ***
PRICING SPEED
FIX (HEP) 25 15 18 22 28
ARM (CPR) 100 PPC 100 PPC 100 PPC 100 PPC 100 PPC
<S> <C> <C> <C> <C> <C>
99-24 7.424 7.426 7.426 7.425 7.424
99-24+ 7.420 7.424 7.423 7.421 7.420
99-25 7.417 7.421 7.420 7.418 7.415
99-25+ 7.413 7.418 7.417 7.414 7.411
99-26 7.409 7.415 7.413 7.411 7.407
99-26+ 7.405 7.413 7.410 7.407 7.403
99-27 7.401 7.410 7.407 7.404 7.399
99-27+ 7.398 7.407 7.404 7.400 7.395
99-28 7.394 7.404 7.401 7.397 7.391
99-28+ 7.390 7.402 7.398 7.393 7.387
99-29 7.386 7.399 7.395 7.390 7.383
99-29+ 7.383 7.396 7.392 7.386 7.379
99-30 7.379 7.394 7.389 7.383 7.375
99-30+ 7.375 7.391 7.386 7.380 7.371
99-31 7.371 7.388 7.383 7.376 7.367
99-31+ 7.368 7.385 7.380 7.373 7.363
100-00 7.364 7.383 7.377 7.369 7.359
100-00+ 7.360 7.380 7.374 7.366 7.355
100-01 7.356 7.377 7.371 7.362 7.351
100-01+ 7.353 7.374 7.368 7.359 7.347
100-02 7.349 7.372 7.365 7.355 7.343
100-02+ 7.345 7.369 7.362 7.352 7.339
100-03 7.341 7.366 7.359 7.348 7.335
100-03+ 7.338 7.364 7.356 7.345 7.331
100-04 7.334 7.361 7.353 7.341 7.327
100-04+ 7.330 7.358 7.350 7.338 7.323
100-05 7.326 7.355 7.347 7.334 7.319
100-05+ 7.323 7.353 7.343 7.331 7.315
100-06 7.319 7.350 7.340 7.328 7.311
100-06+ 7.315 7.347 7.337 7.324 7.308
100-07 7.311 7.344 7.334 7.321 7.304
100-07+ 7.308 7.342 7.331 7.317 7.300
First Payment 3.125 4.125 3.542 3.042 3.208
Average Life 5.245 7.925 6.861 5.803 4.848
Last Payment 7.875 11.042 9.792 8.542 7.292
Mod.Dur. @ 100-00 4.132 5.691 5.106 4.478 3.884
</TABLE>
Recipients of these Computational Materials must read and acknowledge the
attached document "STATEMENT REGARDING ASSUMPTIONS AS TO SECURITIES, PRICING
ESTIMATES, AND OTHER INFORMATION" before using or relying on the information
contained herein. In addition, recipients of these Computational Materials may
only use or rely on the information contained herein if read in conjunction with
the related Prospectus and Prospectus Supplement. If you have not received the
statement described above or the related Prospectus and Prospectus Supplement,
please contact your account executive at Bear, Stearns & Co. Inc.
Page 17 BEAR STEARNS
<PAGE>
Computational Material
UCFC Loan Trust 1998-D
THESE COMPUTATIONALS SUPERCEDE ALL PREVIOUSLY ISSUED VERSIONS
- --------------------------------------------------------------------------------
<TABLE>
<CAPTION>
CURRENT BALANCE: $26,250,000.00 DATED DATE: 12/01/98
COUPON: TBD% ucfc98df FIRST PAYMENT: 01/15/99
FACTOR: 1.0000000000 TOTAL CLASSES: 15
ORIGINAL BALANCE: $26,250,000.00 BOND BF-1 BE-YIELD TABLE YIELD TABLE DATE: 12/30/98
PREPAYMENT SPEED
*** TO CALL ***
PRICING SPEED
FIX (HEP) 25 15 18 22 28
ARM (CPR) 100 PPC 100 PPC 100 PPC 100 PPC 100 PPC
<S> <C> <C> <C> <C> <C>
99-24 9.181 9.188 9.186 9.183 9.179
99-24+ 9.177 9.185 9.182 9.179 9.175
99-25 9.173 9.182 9.179 9.175 9.171
99-25+ 9.169 9.179 9.176 9.172 9.166
99-26 9.165 9.176 9.173 9.168 9.162
99-26+ 9.161 9.173 9.169 9.164 9.158
99-27 9.157 9.170 9.166 9.161 9.154
99-27+ 9.153 9.167 9.163 9.157 9.149
99-28 9.149 9.164 9.160 9.153 9.145
99-28+ 9.145 9.161 9.156 9.150 9.141
99-29 9.141 9.158 9.153 9.146 9.137
99-29+ 9.137 9.155 9.150 9.142 9.132
99-30 9.133 9.152 9.147 9.139 9.128
99-30+ 9.129 9.149 9.143 9.135 9.124
99-31 9.125 9.147 9.140 9.131 9.120
99-31+ 9.121 9.144 9.137 9.128 9.115
100-00 9.117 9.141 9.134 9.124 9.111
100-00+ 9.113 9.138 9.130 9.120 9.107
100-01 9.109 9.135 9.127 9.117 9.103
100-01+ 9.105 9.132 9.124 9.113 9.098
100-02 9.101 9.129 9.121 9.109 9.094
100-02+ 9.097 9.126 9.117 9.106 9.090
100-03 9.093 9.123 9.114 9.102 9.086
100-03+ 9.089 9.120 9.111 9.098 9.082
100-04 9.086 9.117 9.108 9.095 9.077
100-04+ 9.082 9.114 9.104 9.091 9.073
100-05 9.078 9.111 9.101 9.087 9.069
100-05+ 9.074 9.108 9.098 9.084 9.065
100-06 9.070 9.106 9.095 9.080 9.060
100-06+ 9.066 9.103 9.092 9.076 9.056
100-07 9.062 9.100 9.088 9.073 9.052
100-07+ 9.058 9.097 9.085 9.069 9.048
First Payment 3.042 4.125 3.542 3.042 3.125
Average Life 5.234 7.925 6.861 5.803 4.803
Last Payment 7.875 11.042 9.792 8.542 7.292
Mod.Dur. @ 100-00 3.912 5.298 4.788 4.230 3.665
</TABLE>
Recipients of these Computational Materials must read and acknowledge the
attached document "STATEMENT REGARDING ASSUMPTIONS AS TO SECURITIES, PRICING
ESTIMATES, AND OTHER INFORMATION" before using or relying on the information
contained herein. In addition, recipients of these Computational Materials may
only use or rely on the information contained herein if read in conjunction with
the related Prospectus and Prospectus Supplement. If you have not received the
statement described above or the related Prospectus and Prospectus Supplement,
please contact your account executive at Bear, Stearns & Co. Inc.
Page 18 BEAR STEARNS
<PAGE>
Computational Material
UCFC Loan Trust 1998-D
THESE COMPUTATIONALS SUPERCEDE ALL PREVIOUSLY ISSUED VERSIONS
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
- UCFC 98-D
- Cut Off Date of Tape is 11/30/98
- Fixed Rate Collateral Loan Group
- $424,973,153.03
- Mortgage Summary Report
- --------------------------------------------------------------------------------
Number of Mortgage Loans: 8,361
Aggregate Unpaid Principal Balance: $424,973,153.03
Aggregate Original Principal Balance: $425,903,537.15
Weighted Average Gross Coupon: 10.639%
Gross Coupon Range: 7.500% - 15.500%
- --------------------------------------------------------------------------------
Average Unpaid Principal Balance: $50,828.03
Average Original Principal Balance: $50,939.31
Maximum Unpaid Principal Balance: $560,346.03
Minimum Unpaid Principal Balance: $4,693.58
Maximum Original Principal Balance: $560,900.00
Minimum Original Principal Balance: $5,000.00
Weighted Avg. Stated Rem. Term (LPD to Mat/Bln Date):
271.527
Stated Rem Term Range: 47.000 - 360.000
Weighted Average Age (Original Term - Rem Term): 1.057
Age Range: 0.000 - 301.000
Weighted Average Original Term: 272.584
Original Term Range: 48.000 - 360.000
Weighted Average Combined LTV: 81.284
Combined LTV Range: 5.000% - 100.000%
- --------------------------------------------------------------------------------
Recipients of these Computational Materials must read and acknowledge the
attached document "STATEMENT REGARDING ASSUMPTIONS AS TO SECURITIES, PRICING
ESTIMATES, AND OTHER INFORMATION" before using or relying on the information
contained herein. In addition, recipients of these Computational Materials may
only use or rely on the information contained herein if read in conjunction with
the related Prospectus and Prospectus Supplement. If you have not received the
statement described above or the related Prospectus and Prospectus Supplement,
please contact your account executive at Bear, Stearns & Co. Inc.
Page 19 BEAR STEARNS
<PAGE>
Computational Material
UCFC Loan Trust 1998-D
THESE COMPUTATIONALS SUPERCEDE ALL PREVIOUSLY ISSUED VERSIONS
- --------------------------------------------------------------------------------
GROSS MORTGAGE INTEREST RATE RANGE
Percentage of
Aggregate Cut-Off Date
Gross Mortgage Number of Unpaid Aggregate
Interest Rate Mortgage Principal Principal
Range Loans Balance Balance
----- ----- ------- -------
7.00% < Gross Coupon <= 7.50% 2 159,754.76 0.04
7.50% < Gross Coupon <= 7.75% 3 221,925.64 0.05
7.75% < Gross Coupon <= 8.00% 33 3,449,294.53 0.81
8.00% < Gross Coupon <= 8.25% 27 2,608,655.17 0.61
8.25% < Gross Coupon <= 8.50% 140 13,008,185.54 3.06
8.50% < Gross Coupon <= 8.75% 151 13,581,731.70 3.20
8.75% < Gross Coupon <= 9.00% 298 20,394,340.11 4.80
9.00% < Gross Coupon <= 9.25% 263 20,326,994.94 4.78
9.25% < Gross Coupon <= 9.50% 493 28,952,405.73 6.81
9.50% < Gross Coupon <= 9.75% 500 33,644,975.47 7.92
9.75% < Gross Coupon <= 10.00% 532 30,255,453.63 7.12
10.00% < Gross Coupon <= 10.25% 457 26,525,938.15 6.24
10.25% < Gross Coupon <= 10.50% 468 28,004,075.13 6.59
10.50% < Gross Coupon <= 10.75% 447 26,884,023.82 6.33
10.75% < Gross Coupon <= 11.00% 564 31,063,116.44 7.31
11.00% < Gross Coupon <= 11.25% 551 22,595,224.22 5.32
11.25% < Gross Coupon <= 11.50% 523 21,866,320.33 5.15
11.50% < Gross Coupon <= 11.75% 526 18,109,180.03 4.26
11.75% < Gross Coupon <= 12.00% 371 16,127,023.46 3.79
12.00% < Gross Coupon <= 12.25% 442 13,597,631.91 3.20
12.25% < Gross Coupon <= 12.50% 422 15,347,435.36 3.61
12.50% < Gross Coupon <= 12.75% 259 7,471,208.28 1.76
12.75% < Gross Coupon <= 13.00% 375 13,251,715.23 3.12
13.00% < Gross Coupon <= 13.25% 164 6,897,633.01 1.62
13.25% < Gross Coupon <= 13.50% 122 4,081,726.59 0.96
13.50% < Gross Coupon <= 13.75% 83 2,497,404.92 0.59
13.75% < Gross Coupon <= 14.00% 38 1,139,229.57 0.27
14.00% < Gross Coupon <= 14.25% 35 946,052.34 0.22
14.25% < Gross Coupon <= 14.50% 18 467,892.62 0.11
14.50% < Gross Coupon <= 14.75% 9 260,834.27 0.06
14.75% < Gross Coupon <= 15.00% 27 687,797.99 0.16
15.00% < Gross Coupon <= 15.25% 7 231,472.14 0.05
15.25% < Gross Coupon <= 15.50% 11 316,500.00 0.07
- --------------------------------------------------------------------------------
Total.......... 8361 $ 424,973,153.03 100.00%
================================================================================
Recipients of these Computational Materials must read and acknowledge the
attached document "STATEMENT REGARDING ASSUMPTIONS AS TO SECURITIES, PRICING
ESTIMATES, AND OTHER INFORMATION" before using or relying on the information
contained herein. In addition, recipients of these Computational Materials may
only use or rely on the information contained herein if read in conjunction with
the related Prospectus and Prospectus Supplement. If you have not received the
statement described above or the related Prospectus and Prospectus Supplement,
please contact your account executive at Bear, Stearns & Co. Inc.
Page 20 BEAR STEARNS
<PAGE>
Computational Material
UCFC Loan Trust 1998-D
THESE COMPUTATIONALS SUPERCEDE ALL PREVIOUSLY ISSUED VERSIONS
- --------------------------------------------------------------------------------
ORIGINAL TERM
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Original Term Loans Balance Balance
------------- ----- ------- -------
36 < Orig. Term <= 48 5 46,842.36 0.01%
48 < Orig. Term <= 60 109 1,837,705.76 0.43%
60 < Orig. Term <= 72 14 272,361.04 0.06%
72 < Orig. Term <= 84 42 719,075.73 0.17%
84 < Orig. Term <= 96 21 526,111.83 0.12%
96 < Orig. Term <= 108 5 89,471.52 0.02%
108 < Orig. Term <= 120 821 20,019,011.80 4.71%
120 < Orig. Term <= 132 3 197,300.00 0.05%
132 < Orig. Term <= 144 254 7,645,498.29 1.80%
144 < Orig. Term <= 156 14 678,866.98 0.16%
156 < Orig. Term <= 168 5 260,099.95 0.06%
168 < Orig. Term <= 180 3,198 129,136,639.08 30.39%
180 < Orig. Term <= 192 2 69,300.00 0.02%
192 < Orig. Term <= 204 7 301,133.66 0.07%
204 < Orig. Term <= 216 5 446,575.00 0.11%
216 < Orig. Term <= 228 2 119,821.79 0.03%
228 < Orig. Term <= 240 937 46,488,205.82 10.94%
252 < Orig. Term <= 264 3 111,125.73 0.03%
264 < Orig. Term <= 276 3 232,036.93 0.05%
276 < Orig. Term <= 288 1 60,763.29 0.01%
288 < Orig. Term <= 300 124 7,212,063.32 1.70%
300 < Orig. Term <= 312 1 130,600.00 0.03%
312 < Orig. Term <= 324 1 35,379.00 0.01%
324 < Orig. Term <= 336 5 323,436.02 0.08%
336 < Orig. Term <= 348 7 533,007.35 0.13%
348 < Orig. Term <= 360 2,772 207,480,720.78 48.82%
- -------------------------------------------------------------------
Total............ 8,361 424,973,153.03 100.00%
===================================================================
REMAINING MONTHS TO STATED MATURITY
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Remaining Term Loans Balance Balance
-------------- ----- ------- -------
36 < Rem Term <= 48 5 46,842.36 0.01%
48 < Rem Term <= 60 111 1,862,626.64 0.44%
60 < Rem Term <= 72 15 281,821.10 0.07%
72 < Rem Term <= 84 44 756,308.02 0.18%
84 < Rem Term <= 96 22 548,293.09 0.13%
96 < Rem Term <= 108 6 116,003.38 0.03%
108 < Rem Term <= 120 821 20,040,477.55 4.72%
120 < Rem Term <= 132 7 389,585.55 0.09%
132 < Rem Term <= 144 252 7,662,061.34 1.80%
144 < Rem Term <= 156 17 732,916.36 0.17%
156 < Rem Term <= 168 16 596,195.00 0.14%
168 < Rem Term <= 180 3,183 128,638,002.09 30.27%
180 < Rem Term <= 192 2 69,300.00 0.02%
192 < Rem Term <= 204 5 277,498.73 0.07%
204 < Rem Term <= 216 6 556,159.99 0.13%
216 < Rem Term <= 228 4 225,843.80 0.05%
228 < Rem Term <= 240 933 46,253,969.98 10.88%
252 < Rem Term <= 264 3 115,925.92 0.03%
264 < Rem Term <= 276 6 495,673.28 0.12%
276 < Rem Term <= 288 4 298,234.94 0.07%
288 < Rem Term <= 300 122 7,128,143.59 1.68%
300 < Rem Term <= 312 3 572,624.80 0.13%
312 < Rem Term <= 324 3 143,259.32 0.03%
324 < Rem Term <= 336 12 822,661.34 0.19%
336 < Rem Term <= 348 8 571,347.89 0.13%
348 < Rem Term <= 360 2,751 205,771,376.97 48.42%
- -------------------------------------------------------------------
Total............ 8,361 424,973,153.03 100.00%
===================================================================
Recipients of these Computational Materials must read and acknowledge the
attached document "STATEMENT REGARDING ASSUMPTIONS AS TO SECURITIES, PRICING
ESTIMATES, AND OTHER INFORMATION" before using or relying on the information
contained herein. In addition, recipients of these Computational Materials may
only use or rely on the information contained herein if read in conjunction with
the related Prospectus and Prospectus Supplement. If you have not received the
statement described above or the related Prospectus and Prospectus Supplement,
please contact your account executive at Bear, Stearns & Co. Inc.
Page 21 BEAR STEARNS
<PAGE>
Computational Material
UCFC Loan Trust 1998-D
THESE COMPUTATIONALS SUPERCEDE ALL PREVIOUSLY ISSUED VERSIONS
- --------------------------------------------------------------------------------
ORIGINAL MORTGAGE LOAN AMOUNTS
Percentage of
Aggregate Cut-Off Date
Original Number of Unpaid Aggregate
Mortgage Loan Mortgage Principal Principal
Principal Balance Loans Balance Balance
----------------- ----- ------- -------
0 < Balance <= 5,000 1 5,000.00 0.00
5,000 < Balance <= 10,000 104 867,204.03 0.20
10,000 < Balance <= 15,000 410 5,290,901.79 1.24
15,000 < Balance <= 20,000 581 10,339,359.98 2.43
20,000 < Balance <= 25,000 752 17,024,975.17 4.01
25,000 < Balance <= 30,000 779 21,487,528.03 5.06
30,000 < Balance <= 35,000 718 23,346,532.94 5.49
35,000 < Balance <= 40,000 710 26,686,068.34 6.28
40,000 < Balance <= 45,000 612 26,019,178.15 6.12
45,000 < Balance <= 50,000 552 26,263,245.28 6.18
50,000 < Balance <= 55,000 478 25,047,087.77 5.89
55,000 < Balance <= 60,000 421 24,227,975.26 5.70
60,000 < Balance <= 65,000 332 20,768,148.61 4.89
65,000 < Balance <= 70,000 299 20,154,533.19 4.74
70,000 < Balance <= 75,000 230 16,665,260.86 3.92
75,000 < Balance <= 80,000 198 15,355,101.01 3.61
80,000 < Balance <= 85,000 158 12,996,949.68 3.06
85,000 < Balance <= 90,000 112 9,827,800.77 2.31
90,000 < Balance <= 95,000 85 7,866,825.55 1.85
95,000 < Balance <= 100,000 95 9,254,167.03 2.18
100,000 < Balance <= 105,000 77 7,890,513.24 1.86
105,000 < Balance <= 110,000 89 9,575,325.57 2.25
110,000 < Balance <= 115,000 71 7,991,307.01 1.88
115,000 < Balance <= 120,000 68 7,988,994.63 1.88
120,000 < Balance <= 125,000 53 6,503,777.36 1.53
125,000 < Balance <= 130,000 38 4,838,336.51 1.14
130,000 < Balance <= 135,000 36 4,759,253.84 1.12
135,000 < Balance <= 140,000 30 4,090,898.13 0.96
140,000 < Balance <= 145,000 24 3,422,619.98 0.81
145,000 < Balance <= 150,000 27 3,968,305.71 0.93
150,000 < Balance <= 200,000 146 24,883,416.94 5.86
200,000 < Balance <= 250,000 42 9,331,547.49 2.20
250,000 < Balance <= 300,000 22 6,012,088.43 1.41
300,000 < Balance <= 350,000 5 1,580,363.04 0.37
350,000 < Balance <= 400,000 3 1,147,682.89 0.27
400,000 < Balance <= 450,000 1 435,891.43 0.10
450,000 < Balance <= 500,000 1 498,641.36 0.12
550,000 < Balance <= 600,000 1 560,346.03 0.13
- --------------------------------------------------------------------------
Total.................... 8361 $ 424,973,153.03 100.00%
==========================================================================
Recipients of these Computational Materials must read and acknowledge the
attached document "STATEMENT REGARDING ASSUMPTIONS AS TO SECURITIES, PRICING
ESTIMATES, AND OTHER INFORMATION" before using or relying on the information
contained herein. In addition, recipients of these Computational Materials may
only use or rely on the information contained herein if read in conjunction with
the related Prospectus and Prospectus Supplement. If you have not received the
statement described above or the related Prospectus and Prospectus Supplement,
please contact your account executive at Bear, Stearns & Co. Inc.
Page 22 BEAR STEARNS
<PAGE>
Computational Material
UCFC Loan Trust 1998-D
THESE COMPUTATIONALS SUPERCEDE ALL PREVIOUSLY ISSUED VERSIONS
- --------------------------------------------------------------------------------
CURRENT MORTGAGE LOAN AMOUNTS
Percentage of
Aggregate Cut-Off Date
Current Number of Unpaid Aggregate
Mortgage Loan Mortgage Principal Principal
Principal Balance Loans Balance Balance
----------------- ----- ------- -------
0 < Balance <= 5,000 2 9,693.58 0.00
5,000 < Balance <= 10,000 107 896,389.73 0.21
10,000 < Balance <= 15,000 413 5,344,077.29 1.26
15,000 < Balance <= 20,000 586 10,455,685.33 2.46
20,000 < Balance <= 25,000 754 17,137,077.59 4.03
25,000 < Balance <= 30,000 774 21,418,866.58 5.04
30,000 < Balance <= 35,000 719 23,426,330.94 5.51
35,000 < Balance <= 40,000 711 26,771,309.23 6.30
40,000 < Balance <= 45,000 608 25,877,531.68 6.09
45,000 < Balance <= 50,000 551 26,266,269.99 6.18
50,000 < Balance <= 55,000 480 25,211,817.38 5.93
55,000 < Balance <= 60,000 416 23,965,252.28 5.64
60,000 < Balance <= 65,000 332 20,782,051.76 4.89
65,000 < Balance <= 70,000 301 20,303,520.86 4.78
70,000 < Balance <= 75,000 226 16,390,896.56 3.86
75,000 < Balance <= 80,000 204 15,828,420.53 3.72
80,000 < Balance <= 85,000 152 12,544,845.89 2.95
85,000 < Balance <= 90,000 113 9,919,622.95 2.33
90,000 < Balance <= 95,000 84 7,784,900.57 1.83
95,000 < Balance <= 100,000 96 9,356,560.17 2.20
100,000 < Balance <= 105,000 77 7,890,513.24 1.86
105,000 < Balance <= 110,000 89 9,587,292.15 2.26
110,000 < Balance <= 115,000 70 7,881,722.02 1.85
115,000 < Balance <= 120,000 68 7,988,994.63 1.88
120,000 < Balance <= 125,000 54 6,627,453.21 1.56
125,000 < Balance <= 130,000 37 4,714,660.66 1.11
130,000 < Balance <= 135,000 38 5,028,941.92 1.18
135,000 < Balance <= 140,000 29 3,958,182.54 0.93
140,000 < Balance <= 145,000 25 3,564,280.55 0.84
145,000 < Balance <= 150,000 26 3,831,333.22 0.90
150,000 < Balance <= 200,000 144 24,642,097.33 5.80
200,000 < Balance <= 250,000 42 9,331,547.49 2.20
250,000 < Balance <= 300,000 22 6,012,088.43 1.41
300,000 < Balance <= 350,000 5 1,580,363.04 0.37
350,000 < Balance <= 400,000 3 1,147,682.89 0.27
400,000 < Balance <= 450,000 1 435,891.43 0.10
450,000 < Balance <= 500,000 1 498,641.36 0.12
550,000 < Balance <= 600,000 1 560,346.03 0.13
- --------------------------------------------------------------------------
Total.................... 8361 $ 424,973,153.03 100.00%
==========================================================================
Recipients of these Computational Materials must read and acknowledge the
attached document "STATEMENT REGARDING ASSUMPTIONS AS TO SECURITIES, PRICING
ESTIMATES, AND OTHER INFORMATION" before using or relying on the information
contained herein. In addition, recipients of these Computational Materials may
only use or rely on the information contained herein if read in conjunction with
the related Prospectus and Prospectus Supplement. If you have not received the
statement described above or the related Prospectus and Prospectus Supplement,
please contact your account executive at Bear, Stearns & Co. Inc.
Page 23 BEAR STEARNS
<PAGE>
Computational Material
UCFC Loan Trust 1998-D
THESE COMPUTATIONALS SUPERCEDE ALL PREVIOUSLY ISSUED VERSIONS
- --------------------------------------------------------------------------------
ORIGINAL COMBINED LOAN-TO-VALUE RATIOS
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Original CLTV Ratio Loans Balance Balance
------------------- ----- ------- -------
0.000 < CLTV <= 5.000 1 8,728.89 0.00
5.000 < CLTV <= 10.000 3 78,515.76 0.02
10.000 < CLTV <= 15.000 13 186,517.79 0.04
15.000 < CLTV <= 20.000 40 744,903.64 0.18
20.000 < CLTV <= 25.000 50 1,049,150.86 0.25
25.000 < CLTV <= 30.000 66 1,572,518.99 0.37
30.000 < CLTV <= 35.000 83 2,115,427.32 0.50
35.000 < CLTV <= 40.000 98 2,746,281.13 0.65
40.000 < CLTV <= 45.000 128 3,665,547.89 0.86
45.000 < CLTV <= 50.000 195 6,188,486.50 1.46
50.000 < CLTV <= 55.000 198 6,233,039.28 1.47
55.000 < CLTV <= 60.000 266 9,395,520.61 2.21
60.000 < CLTV <= 65.000 329 13,014,638.59 3.06
65.000 < CLTV <= 70.000 499 20,788,108.49 4.89
70.000 < CLTV <= 75.000 799 36,109,773.56 8.50
75.000 < CLTV <= 80.000 1,293 68,250,227.12 16.06
80.000 < CLTV <= 85.000 1,298 72,029,155.25 16.95
85.000 < CLTV <= 90.000 1,209 70,788,875.08 16.66
90.000 < CLTV <= 95.000 791 49,018,631.48 11.53
95.000 < CLTV <= 100.000 1,002 60,989,104.80 14.35
- --------------------------------------------------------------------------
Total.................... 8,361 $ 424,973,153.03 100.00%
==========================================================================
Recipients of these Computational Materials must read and acknowledge the
attached document "STATEMENT REGARDING ASSUMPTIONS AS TO SECURITIES, PRICING
ESTIMATES, AND OTHER INFORMATION" before using or relying on the information
contained herein. In addition, recipients of these Computational Materials may
only use or rely on the information contained herein if read in conjunction with
the related Prospectus and Prospectus Supplement. If you have not received the
statement described above or the related Prospectus and Prospectus Supplement,
please contact your account executive at Bear, Stearns & Co. Inc.
Page 24 BEAR STEARNS
<PAGE>
Computational Material
UCFC Loan Trust 1998-D
THESE COMPUTATIONALS SUPERCEDE ALL PREVIOUSLY ISSUED VERSIONS
- --------------------------------------------------------------------------------
GEOGRAPHICAL DISTRIBUTION OF MORTGAGED PROPERTIES
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
State Loans Balance Balance
----- ----- ------- -------
Alabama 82 3,747,683.77 0.88
Arizona 67 4,412,204.33 1.04
Arkansas 227 9,438,135.63 2.22
California 224 19,396,538.00 4.56
Colorado 85 6,278,321.25 1.48
Connecticut 53 4,042,891.75 0.95
Delaware 10 629,487.59 0.15
Dist of Col 14 987,259.63 0.23
Florida 446 22,412,210.97 5.27
Georgia 308 16,196,671.58 3.81
Idaho 14 1,016,922.58 0.24
Illinois 220 8,974,407.47 2.11
Indiana 313 13,232,089.82 3.11
Iowa 102 4,680,700.17 1.10
Kansas 2 77,079.76 0.02
Kentucky 216 9,739,518.24 2.29
Louisiana 927 41,484,259.48 9.76
Maine 122 7,103,809.52 1.67
Maryland 73 5,258,387.07 1.24
Massachusetts 52 4,020,183.16 0.95
Michigan 498 20,413,965.65 4.80
Minnesota 45 1,567,983.52 0.37
Mississippi 464 19,743,061.45 4.65
Missouri 142 6,661,530.13 1.57
Montana 1 62,522.74 0.01
Nebraska 33 1,507,181.04 0.35
Nevada 10 795,295.94 0.19
New Hampshire 55 4,351,673.34 1.02
New Jersey 74 6,152,756.01 1.45
New Mexico 51 3,183,253.75 0.75
New York 401 27,494,995.65 6.47
North Carolina 492 25,211,905.88 5.93
North Dakota 4 146,500.00 0.03
Ohio 490 23,849,670.15 5.61
Oklahoma 288 12,121,225.01 2.85
Oregon 35 2,730,547.24 0.64
Pennsylvania 310 14,724,588.14 3.46
Rhode Island 8 740,034.80 0.17
South Carolina 190 8,267,199.47 1.95
Tennessee 403 20,506,696.89 4.83
Texas 289 12,128,956.41 2.85
Utah 41 2,868,079.38 0.67
Vermont 4 286,380.22 0.07
Virginia 97 5,951,343.07 1.40
Washington 44 3,188,903.46 0.75
West Virgina 92 4,354,430.38 1.02
Wisconsin 234 12,522,277.66 2.95
Wyoming 9 311,433.88 0.07
- --------------------------------------------------------------------------
Total............... 8361 $ 424,973,153.03 100.00%
==========================================================================
Recipients of these Computational Materials must read and acknowledge the
attached document "STATEMENT REGARDING ASSUMPTIONS AS TO SECURITIES, PRICING
ESTIMATES, AND OTHER INFORMATION" before using or relying on the information
contained herein. In addition, recipients of these Computational Materials may
only use or rely on the information contained herein if read in conjunction with
the related Prospectus and Prospectus Supplement. If you have not received the
statement described above or the related Prospectus and Prospectus Supplement,
please contact your account executive at Bear, Stearns & Co. Inc.
Page 25 BEAR STEARNS
<PAGE>
Computational Material
UCFC Loan Trust 1998-D
THESE COMPUTATIONALS SUPERCEDE ALL PREVIOUSLY ISSUED VERSIONS
- --------------------------------------------------------------------------------
MORTGAGED PROPERTIES
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Loans Balance Balance
----- ------- -------
Multiple Unit 2 178,658.40 0.04
Duplex 234 14,418,290.71 3.39
Triplex 21 1,613,022.37 0.38
Fourplex or Quadplex 25 1,754,721.30 0.41
RowHouse 41 1,222,103.48 0.29
Modular Housing 10 567,628.28 0.13
Manufactured Housing 3 216,023.25 0.05
Man.Housing/Moveble/Own Land 4 118,354.21 0.03
Man.House/Perm/Own Land 862 34,847,866.90 8.20
Semi-Detached 2 52,078.97 0.01
PUD 12 1,032,633.52 0.24
Unimprov Land/Comm. 2 190,038.69 0.04
Townhouses 12 753,552.32 0.18
Construction/Lending 7 468,629.62 0.11
Condominiums 101 5,968,240.07 1.40
Single Family Detached 7023 361,571,310.94 85.08
- --------------------------------------------------------------------------
Total............... 8361 $ 424,973,153.03 100.00%
==========================================================================
LOAN SUMMARY STRATIFIED BY
OWNER OCCUPANCY
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Loans Balance Balance
----- ------- -------
Owner Occupied, 1st Mtg 6861 380,185,331.12 89.46
Part-Owner Occupied, 1st 1 75,900.00 0.02
Non-Owner Occupied, 1st M 513 20,955,622.03 4.93
Second Home, 1st Mtg 10 572,778.72 0.13
Owner Occupied, 2nd Mtg 968 22,676,970.94 5.34
Non-Owner Occupied, 2nd M 5 103,747.22 0.02
Second Home, 2nd Mtg 1 19,103.00 0.00
Multiple Properties, 1st 2 383,700.00 0.09
- --------------------------------------------------------------------------
Total.................. 8361 $ 424,973,153.03 100.00%
==========================================================================
Recipients of these Computational Materials must read and acknowledge the
attached document "STATEMENT REGARDING ASSUMPTIONS AS TO SECURITIES, PRICING
ESTIMATES, AND OTHER INFORMATION" before using or relying on the information
contained herein. In addition, recipients of these Computational Materials may
only use or rely on the information contained herein if read in conjunction with
the related Prospectus and Prospectus Supplement. If you have not received the
statement described above or the related Prospectus and Prospectus Supplement,
please contact your account executive at Bear, Stearns & Co. Inc.
Page 26 BEAR STEARNS
PRELIMINARY
BACKGROUND INFORMATION
UCFC LOAN TRUST 1998-D (fixed-rate bond portion only)
---------------------------------------------------
$[128,000,000] Class AF-1 FIXED-RATE CERTIFICATES
(non-SMMEA-eligible)
$[59,000,000] Class AF-2 FIXED-RATE CERTIFICATES
(non-SMMEA-eligible)
$[18,000,000] Class AF-3 FIXED-RATE CERTIFICATES
(non-SMMEA-eligible)
$[10,000,000] Class AF-4 FIXED-RATE CERTIFICATES
(non-SMMEA-eligible)
$[10,000,000] Class AF-5 FIXED-RATE CERTIFICATES
(non-SMMEA-eligible)
$[13,274,000] Class AF-6 FIXED-RATE CERTIFICATES
(non-SMMEA-eligible)
$[26,475,000] Class AF-7 FIXED-RATE CERTIFICATES
Non-Accelerated Senior Bond
(non-SMMEA-eligible)
$[150,000,000] Class AF-8 FIXED-RATE CERTIFICATES
(non-SMMEA-eligible)
$[39,638,000] Class MF-1 FIXED-RATE CERTIFICATES
(non-SMMEA-eligible)
$[33,863,000] Class MF-2 FIXED-RATE CERTIFICATES
(non-SMMEA-eligible)
$[26,250,000] Class BF-1 FIXED-RATE CERTIFICATES
(non-SMMEA eligible)
The information included herein is provided solely by Prudential Securities
Incorporated ("PSI") as underwriter for the UCFC Loan Trust 1998-D transaction,
and not by or as agent for UCFC Acceptance Corporation or any of its affiliates
(collectively, the "Depositor"). The Depositor has not prepared, reviewed or
participated in the preparation hereof, is not responsible for the accuracy
hereof and has not authorized the dissemination hereof. The analysis in this
report is accurate to the best of PSI's knowledge and is based on information
provided by the Depositor. PSI makes no representations as to the accuracy of
such information provided by the Depositor. All opinions and conclusions in this
report reflect PSI's judgment as of this date and are subject to change. All
analyses are based on certain assumptions noted herein and different assumptions
could yield substantially different results. You are cautioned that there is no
universally accepted method for analyzing financial instruments. You should
review the assumptions; there may be differences between these assumptions and
your actual business practices. Further, PSI does not guarantee any results and
there is no guarantee as to the liquidity of the instruments involved in this
analysis. The decision to adopt any strategy remains your responsibility. PSI
(or any of its affiliates) or their officers, directors, analysts or employees
may have positions in securities, commodities or derivative instruments thereon
referred to herein, and may, as principal or agent, buy or sell such securities,
commodities or derivative instruments. In addition, PSI may make a market in the
securities referred to herein. Neither the information nor the opinions
expressed shall be construed to be, or constitute, an offer to sell or buy or a
solicitation of an offer to sell or buy any securities, commodities or
derivative instruments mentioned herein. Finally, PSI has not addressed the
legal, accounting and tax implications of the analysis with respect to you and
PSI strongly urges you to seek advice from your counsel, accountant and tax
advisor.
<PAGE>
<TABLE>
<CAPTION>
UCFC Loan Trust 1998-D -- Home Equity Loan Asset-Backed Certificates
UCFC LOAN TRUST 1998-D PRICING INFORMATION
--------------------------------------------------------
(FIXED-RATE BOND PORTION ONLY)
UCFC Loan Trust 1998-D Fixed-Rate Collateral Lead Manager: Prudential Securities Incorporated
Co-Manager: Bear, Stearns & Co. Inc.
Class: AF-1 AF-2 AF-3 AF-4 AF-5
<S> <C> <C> <C> <C> <C>
Approximate
Face Amount: [ 128,000,000 59,000,000 18,000,000 10,000,000 10,000,000 ]
Coupon: [------------------------------TBD---------------------------------------------------]
Price: [------------------------------TBD---------------------------------------------------]
Yield: [------------------------------TBD---------------------------------------------------]
(to 10% call)
Spread: [------------------------------TBD---------------------------------------------------]
Exp Avg Life
to Maturity: [ 0.899 2.151 2.923 3.984 4.914 ]
Exp Avg Life
to 10% Call: [ 0.899 2.151 2.923 3.984 4.914 ]
Exp 1st Prin Pmt
(To Maturity): [ 01/15/1999 09/15/2000 09/15/2001 08/15/2002 05/15/2003 ]
Exp Mat: [ 09/15/2000 09/15/2001 08/15/2002 05/15/2003 08/15/2004 ]
Exp Mat to 10% Call: [ 09/15/2000 09/15/2001 08/15/2002 05/15/2003 08/15/2004 ]
Stated Mat: [ 05/15/2013 05/15/2021 02/15/2024 10/15/2025 04/15/2027 ]
Expected
Rating (Moody's/Fitch/ S&P): Aaa/AAA/AAA Aaa/AAA/AAA Aaa/AAA/AAA Aaa/AAA/AAA Aaa/AAA/AAA
Pricing Speed: [-------------------------------25% HEP ----------------------------------------------]
Pricing Date: [------------------------------TBD---------------------------------------------------]
Investor
Settle Date: 12/30/98 12/30/98 12/30/98 12/30/98 12/30/98
Pmt Delay: 14 days 14 days 14 days 14 days 14 days
Cut-off Date: 12/01/98 12/01/98 12/01/98 12/01/98 12/01/98
Dated Date: 12/01/98 12/01/98 12/01/98 12/01/98 12/01/98
Int Pmt: 30/360 30/360 30/360 30/360 30/360
Pmt Terms: Monthly Monthly Monthly Monthly Monthly
1st Int. Pmt Date: 01/15/99 01/15/99 01/15/99 01/15/99 01/15/99
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>
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>
UCFC Loan Trust 1998-D -- Home Equity Loan Asset-Backed Certificates
UCFC LOAN TRUST 1998-D PRICING INFORMATION (continued)
--------------------------------------------------------
(FIXED-RATE BOND PORTION ONLY)
Class: AF-6* AF-7 AF-8* MF-1 MF-2 BF-1**
(NAS BOND)
<S> <C> <C> <C> <C> <C> <C>
Approximate
Face Amount: [ 13,274,000 26,475,000 150,000,000 39,638,000 33,863,000 26,250,000 ]
Coupon: [------------------------------TBD----------------------------------------------------------------]
Price: [------------------------------TBD----------------------------------------------------------------]
Yield: [------------------------------TBD----------------------------------------------------------------]
Spread: [------------------------------TBD----------------------------------------------------------------]
Exp Avg Life
to Maturity: [ 9.801 6.688 2.609 5.765 5.706 5.635 ]
Exp Avg Life
to 10% call: [ 7.248 6.408 2.453 5.276 5.245 5.234 ]
Exp 1st Prin Pmt: [ 08/15/2004 06/15/2002 01/15/1999 03/15/2002 02/15/2002 01/15/2002 ]
(To Maturity)
Exp Mat: [ 03/15/2015 01/15/2015 03/15/2015 05/15/2013 07/15/2012 04/15/2011 ]
Exp Mat to 10% call: [ 11/15/2006 11/15/2006 11/15/2006 11/15/2006 11/15/2006 11/15/2006 ]
Stated Mat: [ 04/15/2030 04/15/2030 04/15/2030 04/15/2030 04/15/2030 04/15/2030 ]
Expected Rating
(Moody's/Fitch/S&P): Aaa/AAA/AAA Aaa/AAA/AAA Aaa/AAA/AAA Aa2/AA/AA A2/A/A Baa2/BBB/BBB
Pricing Speed: [-------------------------------25 HEP -----------------------------------------------------------]
Pricing Date: [------------------------------TBD----------------------------------------------------------------]
Investor Settle Date: 12/30/98 12/30/98 12/30/98 12/30/98 12/30/98 12/30/98
Pmt Delay: 14 days 14 days 14 days 14 days 14 days 14 days
Cut-off Date: 12/01/98 12/01/98 12/01/98 12/01/98 12/01/98 12/01/98
Dated Date: 12/01/98 12/01/98 12/01/98 12/01/98 12/01/98 12/01/98
Int Pmt: 30/360 30/360 30/360 30/360 30/360 30/360
Pmt Terms: Monthly Monthly Monthly Monthly Monthly Monthly
1st Int. Pmt Date: 01/15/99 01/15/99 01/15/99 01/15/99 01/15/99 01/15/99
Collateral Type: Fixed-Rate Fixed-Rate Fixed-Rate Fixed-Rate Fixed-Rate Fixed-Rate
SMMEA Eligibility: non-SMMEA non-SMMEA non-SMMEA non-SMMEA non-SMMEA non-SMMEA
* Coupon steps up by 50 bps if optional clean-up call is not exercised.
** Coupon on Class BF-1 may be subject to WAC 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 1998-D -- Home Equity Loan Asset-Backed Certificates
SUMMARY OF TERMS
--------------------------
Title of Securities: UCFC Loan Trust 1998-D, Home Equity Loan Asset-Backed
Certificates Class AF-1, AF-2, AF-3, AF-4, AF-5, AF-6,
AF-7, AF-8, MF-1, MF-2 and BF-1 Certificates.
Depositor: UCFC Acceptance Corporation.
Servicer: EMC Mortgage Corporation (a wholly owned subsidiary of
Bear Stearns Companies)
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: $[514,500,000]
Credit Enhancement: 1) Excess Interest
2) Over-Collateralization
3) Cross-Collateralization with ARM Loan Group
4) Subordination
Excess Interest: Excess interest cashflows will be available as credit
enhancement.
Overcollateralization: The credit enhancement provisions of the Trust are
intended to provide for the limited acceleration of the
Senior Certificates relative to the amortization of the
related collateral, generally in the early months of the
transaction. Accelerated amortization is achieved by
applying certain excess interest collected on the
collateral to the payment of principal on the Senior
Certificates, resulting in the build up of
overcollateralization ("O/C"). By paying down the
principal balance of the certificates faster than the
principal amortization of the collateral pool, an
overcollateralization amount equal to the excess of the
aggregate principal balance of the collateral pool over
the principal balance of the Certificates is created.
Excess cashflow will be directed to build O/C amount
until the collateral pool reaches its required O/C
target. Upon this event the acceleration feature will
cease, unless it is once again necessary to maintain the
required O/C level.
Initial: [2.00%] Target:[6.95%]
This O/C percentage is subject to step-down beginning in
month 37, if the Subordinate Class Principal
Distribution Test is met.
Cross-
Collateralization: Excess spread from the Fixed and the Adjustable-rate
Loan groups, if not needed to credit enhance its own
group, will be available to cover losses and build O/C
on the other group.
Initial
Subordination: *** All levels are preliminary and subject to change ***
Note: Each percentage listed below includes 2% initial
O/C.
Class AF-1 - AF-8 [21.00%]
Class MF-1 [13.45%]
Class MF-2 [ 7.00%]
Class BF-1 [ 2.00%]
Class Sizes: Class AF-1 - AF-8 [79.00%]
Class MF-1 [ 7.55%]
Class MF-2 [ 6.45%]
Class BF-1 [ 5.00%]
THIS COLLATERAL TERMSHEET SUPERSEDES ANY PREVIOUS COLLATERAL TERMSHEETS,
AND WILL BE SUPERSEDED BY THE COLLATERAL INFORMATION IN THE PROSPECTUS
SUPPLEMENT.
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH
A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED
FINANCIAL ADVISOR IMMEDIATELY.
<PAGE>
UCFC Loan Trust 1998-D -- Home Equity Loan Asset-Backed
Certificates
Distribution Date: The 15th day of each month (or, if any such date
is not a business day, the first business day
thereafter) commencing in January 1999. The payment
delay will be 14 days for the Class AF-1, AF-2, AF-3,
AF-4, AF-5, AF-6, AF-7, AF-8, MF-1, MF-2 and BF-1
Certificates.
Interest Accrual: Interest will accrue from the 1st day of the preceeding
month until the 30th day of the preceeding month.
Cashflow Priority: 1) Repayment of any unrecoverable, unreimbursed Servicer
advances;
2) Base Servicing Fee + Supplemental Servicing Fee;
3) Fixed-rate interest funds, in the following order of
priority:
A) Monthly interest, including any interest
carryforward to Class AF-1 through AF-8;
B) Monthly interest, to Class MF-1;
C) Monthly interest, to Class MF-2;
D) Monthly interest, to Class BF-1;
4) Fixed-rate principal funds, in the following order of
priority:
A) To the Class AF-8 Certificates - the
Class AF-8 Pro Rata Share (36% of the
Fixed-Rate Class A principal funds);
B) To the Class AF-7 Certificates - the
Class AF-7 Principal Distribution Amount of
the Adjusted Fixed-Rate Principal
Distribution Amount (64% of the Fixed-Rate
Class A principal funds);
C) If the Subordinate Class Principal
Distribution Test is NOT met, then all
scheduled and unscheduled principal will be
paid to the Class AF-1 through AF-7
Certificates, in sequential order;
D) If the Subordinate Class Principal
Distribution Test IS met, then all
Certificates will be entitled to receive
payments of principal, in the following
order of priority: first to the Class A
Certificates (in the same order of priority
as is the case prior to the Test being met),
second to the Class MF-1 Certificates, third
to the Class MF-2 Certificates, and fourth
to the Class BF-1 Certificates;
5) Excess cashflow, as follows: to the Class AF
Certificates to build O/C, then any interest
carryforward to the Class MF-1 Certificates, then any
unpaid realized loss amount to the Class MF-1
Certificates; then any interest carryforward to the
Class MF-2 Certificates, then any unpaid realized loss
amount to the Class MF-2 Certificates; then any interest
carryforward to the Class BF-1 Certificates, then any
unpaid realized loss amount to the Class BF-1
Certificates;
6) Excess cashflow, as follows: to build the required
O/C on the adjustable-rate Certificates, then any
interest carryforward and unpaid realized loss amounts
on the adjustable-rate Certificates;
7) Any excess cashflow reverts to United Companies.
The Subordinate Class
Principal Distribution
Test: The Subordinate Class Principal Distribution Test is met
if:
A) The Remittance Date is on or after the first
Subordinate Class Principal Distribution Date; and
B) A Trigger Event has not occured.
Subordinate Class
Principal Distribution
Date: The later of (i) January 2002 Payment Date and (ii) the
first Payment Date on which the Senior Enhancement
Percentage (i.e., the sum of the Subordinate
Certificates + the O/C amount for the fixed-rate bonds
divided by the aggregate Loan Balance of the mortgage
loans in Fixed Loan Group) is greater than or equal to
the Senior Specified Enhancement Percentage, which is
equal to two times the initial AAA subordination
(including O/C).
Senior Specified Enhancement Percentage:
---------------------------------------
[51.90%] or [19.00% + 6.95%]*2
Trigger Event: If the percentage obtained by dividing (x) the principal
amount of 60+ day delinquent loans (including
foreclosures and REOs) by (y) the aggregate outstanding
loan balance of the mortgage loans as of the last day of
the immediately preceding Remittance Period equals or
exceeds [0.40] multiplied by the Senior Enhancement
Percentage.
If the Subordinate Class Principal Distribution Test is
met, principal will be distributed in amounts that will
keep the subordination for each class at its required
level.
REQUIRED SUBORDINATION LEVELS
-----------------------------
Class AF - [51.90%]
Class MF-1 - [36.80%]
Class MF-2 - [23.90%]
Class BF-1 - [13.90%]
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 1998-D -- Home Equity Loan Asset-Backed Certificates
Class AF-7 Principal
Distribution Amount: The applicable Class AF-7 Principal percentage
multiplied by the Class AF-7 Principal pro rata
(excluding the Class AF-8 Certificates) distribution
amount for such Payment Date.
The Class AF-7 Principal Percentage
-----------------------------------
January 1999 to December 2001 ==> 0%
January 2002 to December 2003 ==> 45%
January 2004 to December 2004 ==> 80%
January 2005 to December 2005 ==> 100%
January 2006 and after ==> 300%
Offering: Public shelf offering -- a prospectus and prospectus
supplement will be distributed after pricing.
Pricing Date: TBD
Investor
Settlement Date: December 30, 1998
Form of Certificates: Book-Entry form, same-day funds through DTC, Euroclear
and CEDEL
Prepayment
Assumption: 25% HEP (2.5% CPR in month 1 with monthly incremental
increases of 2.5% CPR until the speed reaches 25% CPR in
month 10 based on loan seasoning.) This means that
seasoned loans will start further up on the prepayment
curve.
Optional
Cleanup Call: United Companies will have the right to purchase the
Home Equity Loans on any Remittance Date when the
aggregate Loan Balance of the Home Equity Loans in both
Groups 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.
Pre-Funding Account: On the closing date, approximately $[100,026,847] will
be deposited in a pre-funding account for the purchase
of additional fixed-rate mortgage loans. From the
closing date until [March] 15, 1999, the Trust intends
to purchase mortgage loans up to the entire pre-funding
amount. Funds remaining the pre-funding account that
total less than $100,000 after this period will be
distributed to investors in the Class AF-1 and Class
AF-8 Certificates as a prepayment on [March] 15, 1999.
If the funds remaining in the pre-funding account total
greater than $100,000 after this period, the funds will
be distributed on a pro-rata basis to the investors in
the Class AF-1 through AF-8 Certificates as a prepayment
on [March] 15, 1999. The additional mortgage loans will
be subject to certain aggregate group characteristics
that will be more fully described in the Prospectus
Supplement.
Base Servicing Fee: 50 bps per annum.
ERISA Considerations: Subject to the considerations and conditions described
in the Prospectus Supplement, it is expected that the
Class A Certificates may be purchased by employee
benefit plans that are subject to ERISA.
Taxation: REMIC
Legal Investment: None of the Certificates will be SMMEA-eligible.
Certificates Ratings: "Aaa", "AAA", and "AAA" for the Class AF-1, AF-2, AF-3,
AF-4, AF-5, AF-6, AF-7 and AF-8 Certificates, "Aa2",
"AA" and "AA" for Class MF-1, "A2", "A" and A" for Class
MF-2, and "Baa2", "BBB" and "BBB" for Class BF-1 by
Moody's, S&P and Fitch, respectively.
Prospectus: The Certificates are being offered pursuant to a
Prospectus which includes a Prospetus Supplement
(together, the "Prospectus"). Complete information with
respect to the Certificates and the Collateral is
contained in the Prospectus. The foregoing is qualified
in its entirety by the information appearing in the
Prospectus. To the extent that the foregoing is
inconsistent with the Prospectus, the Prospectus shall
govern in all respects. Sales of the Certificates may
not be consumated unless the purchaser has received the
Prospectus.
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: $128,000,000.00 DATED DATE: 12/01/98
COUPON: TBD% ucfc98df FIRST PAYMENT: 01/15/99
FACTOR: 1.0000000000 TOTAL CLASSES: 15
ORIGINAL BALANCE: $128,000,000.00 BOND AF-1 BE-YIELD TABLE YIELD TABLE DATE: 12/30/98
PREPAYMENT SPEED
PRICING SPEED
FIX (HEP) 25 15 18 22 28
ARM (CPR) 100 PPC 100 PPC 100 PPC 100 PPC 100 PPC
<S> <C> <C> <C> <C> <C>
99-24 6.247 6.243 6.244 6.246 6.248
99-24+ 6.228 6.230 6.229 6.229 6.228
99-25 6.210 6.217 6.214 6.212 6.208
99-25+ 6.191 6.203 6.199 6.195 6.188
99-26 6.173 6.190 6.184 6.177 6.168
99-26+ 6.154 6.177 6.169 6.160 6.148
99-27 6.136 6.163 6.154 6.143 6.129
99-27+ 6.117 6.150 6.139 6.126 6.109
99-28 6.099 6.137 6.124 6.109 6.089
99-28+ 6.080 6.123 6.109 6.092 6.069
99-29 6.062 6.110 6.094 6.075 6.050
99-29+ 6.044 6.097 6.079 6.058 6.030
99-30 6.025 6.083 6.064 6.041 6.010
99-30+ 6.007 6.070 6.049 6.024 5.990
99-31 5.988 6.057 6.035 6.007 5.971
99-31+ 5.970 6.043 6.020 5.990 5.951
100-00 5.951 6.030 6.005 5.973 5.931
100-00+ 5.933 6.017 5.990 5.956 5.911
100-01 5.915 6.004 5.975 5.939 5.892
100-01+ 5.896 5.990 5.960 5.922 5.872
100-02 5.878 5.977 5.945 5.905 5.852
100-02+ 5.859 5.964 5.930 5.888 5.832
100-03 5.841 5.951 5.915 5.871 5.813
100-03+ 5.823 5.937 5.900 5.854 5.793
100-04 5.804 5.924 5.885 5.837 5.773
100-04+ 5.786 5.911 5.870 5.820 5.754
100-05 5.767 5.898 5.855 5.803 5.734
100-05+ 5.749 5.884 5.840 5.787 5.714
100-06 5.731 5.871 5.825 5.770 5.695
100-06+ 5.712 5.858 5.811 5.753 5.675
100-07 5.694 5.845 5.796 5.736 5.655
100-07+ 5.676 5.831 5.781 5.719 5.636
First Payment 0.042 0.042 0.042 0.042 0.042
Average Life 0.899 1.266 1.117 0.977 0.836
Last Payment 1.708 2.542 2.208 1.875 1.542
Mod.Dur. @ 100-00 0.844 1.170 1.040 0.915 0.788
</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: $59,000,000.00 DATED DATE: 12/01/98
COUPON: TBD% ucfc98df FIRST PAYMENT: 01/15/99
FACTOR: 1.0000000000 TOTAL CLASSES: 15
ORIGINAL BALANCE: $59,000,000.00 BOND AF-2 BE-YIELD TABLE YIELD TABLE DATE: 12/30/98
PRICING SPEED
FIX (HEP) 25 15 18 22 28
ARM (CPR) 100 PPC 100 PPC 100 PPC 100 PPC 100 PPC
<S> <C> <C> <C> <C> <C>
99-24 6.104 6.101 6.102 6.103 6.105
99-24+ 6.096 6.096 6.096 6.096 6.096
99-25 6.088 6.091 6.090 6.089 6.087
99-25+ 6.080 6.086 6.084 6.082 6.078
99-26 6.072 6.080 6.078 6.074 6.070
99-26+ 6.064 6.075 6.072 6.067 6.061
99-27 6.056 6.070 6.066 6.060 6.052
99-27+ 6.048 6.065 6.060 6.053 6.043
99-28 6.040 6.060 6.054 6.046 6.035
99-28+ 6.032 6.055 6.048 6.039 6.026
99-29 6.024 6.049 6.042 6.032 6.017
99-29+ 6.016 6.044 6.036 6.024 6.008
99-30 6.008 6.039 6.030 6.017 6.000
99-30+ 6.000 6.034 6.024 6.010 5.991
99-31 5.993 6.029 6.017 6.003 5.982
99-31+ 5.985 6.023 6.011 5.996 5.973
100-00 5.977 6.018 6.005 5.989 5.965
100-00+ 5.969 6.013 5.999 5.981 5.956
100-01 5.961 6.008 5.993 5.974 5.947
100-01+ 5.953 6.003 5.987 5.967 5.938
100-02 5.945 5.998 5.981 5.960 5.930
100-02+ 5.937 5.992 5.975 5.953 5.921
100-03 5.929 5.987 5.969 5.946 5.912
100-03+ 5.921 5.982 5.963 5.939 5.904
100-04 5.913 5.977 5.957 5.931 5.895
100-04+ 5.905 5.972 5.951 5.924 5.886
100-05 5.897 5.967 5.945 5.917 5.877
100-05+ 5.889 5.961 5.939 5.910 5.869
100-06 5.881 5.956 5.933 5.903 5.860
100-06+ 5.873 5.951 5.927 5.896 5.851
100-07 5.866 5.946 5.921 5.889 5.843
100-07+ 5.858 5.941 5.915 5.882 5.834
First Payment 1.708 2.542 2.208 1.875 1.542
Average Life 2.151 3.435 2.900 2.409 1.943
Last Payment 2.708 4.708 3.875 3.042 2.375
Mod.Dur. @ 100-00 1.957 3.006 2.579 2.175 1.780
</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: $18,000,000.00 DATED DATE: 12/01/98
COUPON: TBD% ucfc98df FIRST PAYMENT: 01/15/99
FACTOR: 1.0000000000 TOTAL CLASSES: 15
ORIGINAL BALANCE: $18,000,000.00 BOND AF-3 BE-YIELD TABLE YIELD TABLE DATE: 12/30/98
PRICING SPEED
FIX (HEP) 25 15 18 22 28
ARM (CPR) 100 PPC 100 PPC 100 PPC 100 PPC 100 PPC
<S> <C> <C> <C> <C> <C>
99-24 6.203 6.201 6.202 6.202 6.204
99-24+ 6.197 6.198 6.198 6.197 6.197
99-25 6.191 6.194 6.194 6.192 6.190
99-25+ 6.185 6.191 6.190 6.187 6.183
99-26 6.179 6.188 6.186 6.183 6.177
99-26+ 6.173 6.184 6.182 6.178 6.170
99-27 6.167 6.181 6.178 6.173 6.163
99-27+ 6.161 6.177 6.174 6.168 6.156
99-28 6.155 6.174 6.170 6.163 6.150
99-28+ 6.149 6.171 6.166 6.158 6.143
99-29 6.143 6.167 6.162 6.153 6.136
99-29+ 6.137 6.164 6.158 6.148 6.129
99-30 6.131 6.161 6.154 6.143 6.123
99-30+ 6.125 6.157 6.150 6.138 6.116
99-31 6.119 6.154 6.146 6.133 6.109
99-31+ 6.113 6.151 6.142 6.129 6.102
100-00 6.107 6.147 6.138 6.124 6.096
100-00+ 6.101 6.144 6.134 6.119 6.089
100-01 6.095 6.140 6.130 6.114 6.082
100-01+ 6.089 6.137 6.126 6.109 6.075
100-02 6.083 6.134 6.122 6.104 6.069
100-02+ 6.077 6.130 6.118 6.099 6.062
100-03 6.071 6.127 6.114 6.094 6.055
100-03+ 6.065 6.124 6.110 6.089 6.049
100-04 6.059 6.120 6.106 6.084 6.042
100-04+ 6.053 6.117 6.102 6.080 6.035
100-05 6.047 6.114 6.098 6.075 6.028
100-05+ 6.041 6.110 6.094 6.070 6.022
100-06 6.035 6.107 6.090 6.065 6.015
100-06+ 6.029 6.104 6.086 6.060 6.008
100-07 6.023 6.100 6.082 6.055 6.001
100-07+ 6.017 6.097 6.078 6.050 5.995
First Payment 2.708 4.708 3.875 3.042 2.375
Average Life 2.923 5.643 4.604 3.646 2.570
Last Payment 3.625 6.792 5.458 4.292 2.708
Mod.Dur. @ 100-00 2.596 4.625 3.891 3.170 2.308
</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: $10,000,000.00 DATED DATE: 12/01/98
COUPON: TBD% ucfc98df FIRST PAYMENT: 01/15/99
FACTOR: 1.0000000000 TOTAL CLASSES: 15
ORIGINAL BALANCE: $10,000,000.00 BOND AF-4 BE-YIELD TABLE YIELD TABLE DATE: 12/30/98
PREPAYMENT SPEED
PRICING SPEED
FIX (HEP) 25 15 18 22 28
ARM (CPR) 100 PPC 100 PPC 100 PPC 100 PPC 100 PPC
<S> <C> <C> <C> <C> <C>
99-24 6.344 6.343 6.343 6.344 6.345
99-24+ 6.339 6.341 6.340 6.340 6.338
99-25 6.335 6.338 6.337 6.336 6.332
99-25+ 6.330 6.336 6.334 6.332 6.326
99-26 6.326 6.333 6.331 6.328 6.320
99-26+ 6.321 6.331 6.328 6.324 6.314
99-27 6.317 6.328 6.325 6.320 6.308
99-27+ 6.312 6.326 6.321 6.316 6.301
99-28 6.308 6.324 6.318 6.312 6.295
99-28+ 6.303 6.321 6.315 6.308 6.289
99-29 6.298 6.319 6.312 6.304 6.283
99-29+ 6.294 6.316 6.309 6.301 6.277
99-30 6.289 6.314 6.306 6.297 6.271
99-30+ 6.285 6.311 6.302 6.293 6.264
99-31 6.280 6.309 6.299 6.289 6.258
99-31+ 6.276 6.306 6.296 6.285 6.252
100-00 6.271 6.304 6.293 6.281 6.246
100-00+ 6.267 6.302 6.290 6.277 6.240
100-01 6.262 6.299 6.287 6.273 6.234
100-01+ 6.258 6.297 6.284 6.269 6.227
100-02 6.253 6.294 6.280 6.265 6.221
100-02+ 6.248 6.292 6.277 6.261 6.215
100-03 6.244 6.289 6.274 6.257 6.209
100-03+ 6.239 6.287 6.271 6.253 6.203
100-04 6.235 6.284 6.268 6.250 6.197
100-04+ 6.230 6.282 6.265 6.246 6.191
100-05 6.226 6.279 6.262 6.242 6.184
100-05+ 6.221 6.277 6.258 6.238 6.178
100-06 6.217 6.275 6.255 6.234 6.172
100-06+ 6.212 6.272 6.252 6.230 6.166
100-07 6.208 6.270 6.249 6.226 6.160
100-07+ 6.203 6.267 6.246 6.222 6.154
First Payment 3.625 6.792 5.458 4.292 2.708
Average Life 3.984 8.443 6.139 4.717 2.840
Last Payment 4.375 9.875 6.958 5.208 2.958
Mod.Dur. @ 100-00 3.419 6.349 4.942 3.961 2.524
</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: $10,000,000.00 DATED DATE: 12/01/98
COUPON: TBD% ucfc98df FIRST PAYMENT: 01/15/99
FACTOR: 1.0000000000 TOTAL CLASSES: 15
ORIGINAL BALANCE: $10,000,000.00 BOND AF-5 BE-YIELD TABLE YIELD TABLE DATE: 12/30/98
PREPAYMENT SPEED
PRICING SPEED
FIX (HEP) 25 15 18 22 28
ARM (CPR) 100 PPC 100 PPC 100 PPC 100 PPC 100 PPC
<S> <C> <C> <C> <C> <C>
99-24 6.476 6.476 6.476 6.476 6.476
99-24+ 6.472 6.474 6.474 6.473 6.471
99-25 6.468 6.472 6.471 6.470 6.467
99-25+ 6.465 6.470 6.469 6.466 6.462
99-26 6.461 6.468 6.467 6.463 6.457
99-26+ 6.457 6.466 6.464 6.460 6.452
99-27 6.453 6.463 6.462 6.457 6.448
99-27+ 6.449 6.461 6.460 6.454 6.443
99-28 6.445 6.459 6.457 6.450 6.438
99-28+ 6.442 6.457 6.455 6.447 6.434
99-29 6.438 6.455 6.453 6.444 6.429
99-29+ 6.434 6.453 6.450 6.441 6.424
99-30 6.430 6.451 6.448 6.438 6.420
99-30+ 6.426 6.449 6.446 6.434 6.415
99-31 6.423 6.447 6.443 6.431 6.410
99-31+ 6.419 6.445 6.441 6.428 6.406
100-00 6.415 6.443 6.439 6.425 6.401
100-00+ 6.411 6.441 6.436 6.422 6.396
100-01 6.407 6.439 6.434 6.419 6.391
100-01+ 6.404 6.437 6.432 6.415 6.387
100-02 6.400 6.435 6.429 6.412 6.382
100-02+ 6.396 6.433 6.427 6.409 6.377
100-03 6.392 6.431 6.425 6.406 6.373
100-03+ 6.388 6.428 6.422 6.403 6.368
100-04 6.385 6.426 6.420 6.399 6.363
100-04+ 6.381 6.424 6.418 6.396 6.359
100-05 6.377 6.422 6.415 6.393 6.354
100-05+ 6.373 6.420 6.413 6.390 6.349
100-06 6.369 6.418 6.411 6.387 6.345
100-06+ 6.366 6.416 6.408 6.384 6.340
100-07 6.362 6.414 6.406 6.380 6.335
100-07+ 6.358 6.412 6.404 6.377 6.331
First Payment 4.375 9.875 6.958 5.208 2.958
Average Life 4.914 10.785 9.096 6.094 3.865
Last Payment 5.625 11.042 9.792 8.458 4.542
Mod.Dur. @ 100-00 4.086 7.558 6.680 4.886 3.312
</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: $13,274,000.00 DATED DATE: 12/01/98
COUPON: TBD% ucfc98df FIRST PAYMENT: 01/15/99
FACTOR: 1.0000000000 TOTAL CLASSES: 15
ORIGINAL BALANCE: $13,274,000.00 BOND AF-6 BE-YIELD TABLE YIELD TABLE DATE: 12/30/98
PREPAYMENT SPEED
*** TO CALL ***
PRICING SPEED
FIX (HEP) 25 15 18 22 28
ARM (CPR) 100 PPC 100 PPC 100 PPC 100 PPC 100 PPC
<S> <C> <C> <C> <C> <C>
99-24 6.792 6.793 6.793 6.792 6.792
99-24+ 6.789 6.791 6.790 6.790 6.789
99-25 6.787 6.789 6.788 6.788 6.785
99-25+ 6.784 6.787 6.786 6.785 6.782
99-26 6.781 6.785 6.784 6.783 6.779
99-26+ 6.778 6.782 6.781 6.780 6.775
99-27 6.775 6.780 6.779 6.778 6.772
99-27+ 6.773 6.778 6.777 6.775 6.769
99-28 6.770 6.776 6.775 6.773 6.765
99-28+ 6.767 6.774 6.772 6.770 6.762
99-29 6.764 6.772 6.770 6.768 6.759
99-29+ 6.761 6.770 6.768 6.765 6.756
99-30 6.759 6.768 6.766 6.763 6.752
99-30+ 6.756 6.766 6.764 6.760 6.749
99-31 6.753 6.764 6.761 6.758 6.746
99-31+ 6.750 6.762 6.759 6.755 6.742
100-00 6.747 6.760 6.757 6.753 6.739
100-00+ 6.745 6.758 6.755 6.750 6.736
100-01 6.742 6.756 6.752 6.748 6.732
100-01+ 6.739 6.754 6.750 6.746 6.729
100-02 6.736 6.752 6.748 6.743 6.726
100-02+ 6.733 6.750 6.746 6.741 6.723
100-03 6.731 6.747 6.743 6.738 6.719
100-03+ 6.728 6.745 6.741 6.736 6.716
100-04 6.725 6.743 6.739 6.733 6.713
100-04+ 6.722 6.741 6.737 6.731 6.709
100-05 6.719 6.739 6.735 6.728 6.706
100-05+ 6.717 6.737 6.732 6.726 6.703
100-06 6.714 6.735 6.730 6.723 6.700
100-06+ 6.711 6.733 6.728 6.721 6.696
100-07 6.708 6.731 6.726 6.718 6.693
100-07+ 6.705 6.729 6.723 6.716 6.690
First Payment 5.625 11.042 9.792 8.458 4.542
Average Life 7.248 11.042 9.792 8.541 5.927
Last Payment 7.875 11.042 9.792 8.542 7.292
Mod.Dur. @ 100-00 5.546 7.559 6.955 6.299 4.714
</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: $26,475,000.00 DATED DATE: 12/01/98
COUPON: TBD% ucfc98df FIRST PAYMENT: 01/15/99
FACTOR: 1.0000000000 TOTAL CLASSES: 15
ORIGINAL BALANCE: $26,475,000.00 BOND AF-7 BE-YIELD TABLE YIELD TABLE DATE: 12/30/98
PREPAYMENT SPEED
*** TO CALL ***
PRICING SPEED
FIX (HEP) 25 15 18 22 28
ARM (CPR) 100 PPC 100 PPC 100 PPC 100 PPC 100 PPC
<S> <C> <C> <C> <C> <C>
99-24 6.405 6.405 6.405 6.405 6.405
99-24+ 6.401 6.402 6.402 6.402 6.401
99-25 6.398 6.399 6.399 6.398 6.398
99-25+ 6.395 6.396 6.396 6.395 6.395
99-26 6.392 6.393 6.393 6.392 6.392
99-26+ 6.389 6.390 6.390 6.389 6.389
99-27 6.386 6.387 6.387 6.386 6.386
99-27+ 6.383 6.384 6.384 6.383 6.383
99-28 6.380 6.381 6.381 6.380 6.380
99-28+ 6.377 6.378 6.378 6.377 6.377
99-29 6.374 6.375 6.375 6.374 6.373
99-29+ 6.371 6.372 6.372 6.371 6.370
99-30 6.368 6.369 6.369 6.368 6.367
99-30+ 6.365 6.366 6.366 6.365 6.364
99-31 6.362 6.364 6.363 6.362 6.361
99-31+ 6.359 6.361 6.360 6.359 6.358
100-00 6.355 6.358 6.357 6.356 6.355
100-00+ 6.352 6.355 6.354 6.353 6.352
100-01 6.349 6.352 6.351 6.350 6.349
100-01+ 6.346 6.349 6.348 6.347 6.346
100-02 6.343 6.346 6.345 6.344 6.342
100-02+ 6.340 6.343 6.342 6.341 6.339
100-03 6.337 6.340 6.339 6.338 6.336
100-03+ 6.334 6.337 6.336 6.335 6.333
100-04 6.331 6.334 6.333 6.332 6.330
100-04+ 6.328 6.331 6.330 6.328 6.327
100-05 6.325 6.329 6.327 6.325 6.324
100-05+ 6.322 6.326 6.324 6.322 6.321
100-06 6.319 6.323 6.321 6.319 6.318
100-06+ 6.316 6.320 6.318 6.316 6.315
100-07 6.313 6.317 6.315 6.313 6.311
100-07+ 6.310 6.314 6.312 6.310 6.308
First Payment 3.458 3.042 3.042 3.042 3.875
Average Life 6.408 6.879 6.652 6.493 6.291
Last Payment 7.875 11.042 9.792 8.542 7.292
Mod.Dur. @ 100-00 5.071 5.322 5.193 5.111 5.011
</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: $150,000,000.00 DATED DATE: 12/01/98
COUPON: TBD% ucfc98df FIRST PAYMENT: 01/15/99
FACTOR: 1.0000000000 TOTAL CLASSES: 15
ORIGINAL BALANCE: $150,000,000.00 BOND AF-8 BE-YIELD TABLE YIELD TABLE DATE: 12/30/98
PREPAYMENT SPEED
*** TO CALL ***
PRICING SPEED
FIX (HEP) 25 15 18 22 28
ARM (CPR) 100 PPC 100 PPC 100 PPC 100 PPC 100 PPC
<S> <C> <C> <C> <C> <C>
99-24 6.431 6.430 6.431 6.431 6.431
99-24+ 6.423 6.425 6.425 6.424 6.423
99-25 6.416 6.420 6.419 6.417 6.415
99-25+ 6.408 6.415 6.413 6.410 6.406
99-26 6.401 6.410 6.407 6.404 6.398
99-26+ 6.394 6.404 6.401 6.397 6.390
99-27 6.386 6.399 6.395 6.390 6.382
99-27+ 6.379 6.394 6.389 6.383 6.373
99-28 6.371 6.389 6.384 6.377 6.365
99-28+ 6.364 6.383 6.378 6.370 6.357
99-29 6.356 6.378 6.372 6.363 6.349
99-29+ 6.349 6.373 6.366 6.356 6.340
99-30 6.341 6.368 6.360 6.350 6.332
99-30+ 6.334 6.363 6.354 6.343 6.324
99-31 6.327 6.357 6.348 6.336 6.316
99-31+ 6.319 6.352 6.342 6.329 6.308
100-00 6.312 6.347 6.337 6.323 6.299
100-00+ 6.304 6.342 6.331 6.316 6.291
100-01 6.297 6.337 6.325 6.309 6.283
100-01+ 6.289 6.331 6.319 6.302 6.275
100-02 6.282 6.326 6.313 6.296 6.267
100-02+ 6.275 6.321 6.307 6.289 6.258
100-03 6.267 6.316 6.301 6.282 6.250
100-03+ 6.260 6.311 6.296 6.276 6.242
100-04 6.252 6.305 6.290 6.269 6.234
100-04+ 6.245 6.300 6.284 6.262 6.226
100-05 6.238 6.295 6.278 6.255 6.217
100-05+ 6.230 6.290 6.272 6.249 6.209
100-06 6.223 6.285 6.266 6.242 6.201
100-06+ 6.215 6.280 6.261 6.235 6.193
100-07 6.208 6.274 6.255 6.229 6.185
100-07+ 6.201 6.269 6.249 6.222 6.177
First Payment 0.042 0.042 0.042 0.042 0.042
Average Life 2.453 3.729 3.231 2.743 2.192
Last Payment 7.875 11.042 9.792 8.542 7.292
Mod.Dur. @ 100-00 2.093 2.990 2.653 2.307 1.895
</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: $39,638,000.00 DATED DATE: 12/01/98
COUPON: TBD% ucfc98df FIRST PAYMENT: 01/15/99
FACTOR: 1.0000000000 TOTAL CLASSES: 15
ORIGINAL BALANCE: $39,638,000.00 BOND MF-1 BE-YIELD TABLE YIELD TABLE DATE: 12/30/98
PREPAYMENT SPEED
*** TO CALL ***
PRICING SPEED
FIX (HEP) 25 15 18 22 28
ARM (CPR) 100 PPC 100 PPC 100 PPC 100 PPC 100 PPC
<S> <C> <C> <C> <C> <C>
99-24 6.975 6.976 6.976 6.975 6.975
99-24+ 6.971 6.974 6.973 6.972 6.971
99-25 6.968 6.971 6.970 6.969 6.967
99-25+ 6.964 6.968 6.967 6.965 6.963
99-26 6.960 6.966 6.964 6.962 6.959
99-26+ 6.957 6.963 6.961 6.958 6.955
99-27 6.953 6.960 6.958 6.955 6.952
99-27+ 6.949 6.957 6.955 6.951 6.948
99-28 6.946 6.955 6.952 6.948 6.944
99-28+ 6.942 6.952 6.949 6.945 6.940
99-29 6.938 6.949 6.946 6.941 6.936
99-29+ 6.934 6.947 6.943 6.938 6.932
99-30 6.931 6.944 6.940 6.934 6.928
99-30+ 6.927 6.941 6.937 6.931 6.924
99-31 6.923 6.939 6.934 6.927 6.921
99-31+ 6.920 6.936 6.931 6.924 6.917
100-00 6.916 6.933 6.928 6.921 6.913
100-00+ 6.912 6.931 6.925 6.917 6.909
100-01 6.909 6.928 6.922 6.914 6.905
100-01+ 6.905 6.925 6.919 6.910 6.901
100-02 6.901 6.923 6.916 6.907 6.897
100-02+ 6.898 6.920 6.913 6.904 6.893
100-03 6.894 6.917 6.910 6.900 6.890
100-03+ 6.890 6.915 6.907 6.897 6.886
100-04 6.887 6.912 6.904 6.893 6.882
100-04+ 6.883 6.909 6.901 6.890 6.878
100-05 6.879 6.907 6.898 6.886 6.874
100-05+ 6.875 6.904 6.895 6.883 6.870
100-06 6.872 6.901 6.892 6.880 6.866
100-06+ 6.868 6.899 6.889 6.876 6.863
100-07 6.864 6.896 6.886 6.873 6.859
100-07+ 6.861 6.893 6.883 6.869 6.855
First Payment 3.208 4.125 3.542 3.042 3.458
Average Life 5.276 7.925 6.861 5.803 4.952
Last Payment 7.875 11.042 9.792 8.542 7.292
Mod.Dur. @ 100-00 4.213 5.798 5.192 4.545 4.013
</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: $33,863,000.00 DATED DATE: 12/01/98
COUPON: TBD% ucfc98df FIRST PAYMENT: 01/15/99
FACTOR: 1.0000000000 TOTAL CLASSES: 15
ORIGINAL BALANCE: $33,863,000.00 BOND MF-2 BE-YIELD TABLE YIELD TABLE DATE: 12/30/98
PREPAYMENT SPEED
*** TO CALL ***
PRICING SPEED
FIX (HEP) 25 15 18 22 28
ARM (CPR) 100 PPC 100 PPC 100 PPC 100 PPC 100 PPC
<S> <C> <C> <C> <C> <C>
99-24 7.424 7.426 7.426 7.425 7.424
99-24+ 7.420 7.424 7.423 7.421 7.420
99-25 7.417 7.421 7.420 7.418 7.415
99-25+ 7.413 7.418 7.417 7.414 7.411
99-26 7.409 7.415 7.413 7.411 7.407
99-26+ 7.405 7.413 7.410 7.407 7.403
99-27 7.401 7.410 7.407 7.404 7.399
99-27+ 7.398 7.407 7.404 7.400 7.395
99-28 7.394 7.404 7.401 7.397 7.391
99-28+ 7.390 7.402 7.398 7.393 7.387
99-29 7.386 7.399 7.395 7.390 7.383
99-29+ 7.383 7.396 7.392 7.386 7.379
99-30 7.379 7.394 7.389 7.383 7.375
99-30+ 7.375 7.391 7.386 7.380 7.371
99-31 7.371 7.388 7.383 7.376 7.367
99-31+ 7.368 7.385 7.380 7.373 7.363
100-00 7.364 7.383 7.377 7.369 7.359
100-00+ 7.360 7.380 7.374 7.366 7.355
100-01 7.356 7.377 7.371 7.362 7.351
100-01+ 7.353 7.374 7.368 7.359 7.347
100-02 7.349 7.372 7.365 7.355 7.343
100-02+ 7.345 7.369 7.362 7.352 7.339
100-03 7.341 7.366 7.359 7.348 7.335
100-03+ 7.338 7.364 7.356 7.345 7.331
100-04 7.334 7.361 7.353 7.341 7.327
100-04+ 7.330 7.358 7.350 7.338 7.323
100-05 7.326 7.355 7.347 7.334 7.319
100-05+ 7.323 7.353 7.343 7.331 7.315
100-06 7.319 7.350 7.340 7.328 7.311
100-06+ 7.315 7.347 7.337 7.324 7.308
100-07 7.311 7.344 7.334 7.321 7.304
100-07+ 7.308 7.342 7.331 7.317 7.300
First Payment 3.125 4.125 3.542 3.042 3.208
Average Life 5.245 7.925 6.861 5.803 4.848
Last Payment 7.875 11.042 9.792 8.542 7.292
Mod.Dur. @ 100-00 4.132 5.691 5.106 4.478 3.884
</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: $26,250,000.00 DATED DATE: 12/01/98
COUPON: TBD% ucfc98df FIRST PAYMENT: 01/15/99
FACTOR: 1.0000000000 TOTAL CLASSES: 15
ORIGINAL BALANCE: $26,250,000.00 BOND BF-1 BE-YIELD TABLE YIELD TABLE DATE: 12/30/98
PREPAYMENT SPEED
*** TO CALL ***
PRICING SPEED
FIX (HEP) 25 15 18 22 28
ARM (CPR) 100 PPC 100 PPC 100 PPC 100 PPC 100 PPC
<S> <C> <C> <C> <C> <C>
99-24 9.181 9.188 9.186 9.183 9.179
99-24+ 9.177 9.185 9.182 9.179 9.175
99-25 9.173 9.182 9.179 9.175 9.171
99-25+ 9.169 9.179 9.176 9.172 9.166
99-26 9.165 9.176 9.173 9.168 9.162
99-26+ 9.161 9.173 9.169 9.164 9.158
99-27 9.157 9.170 9.166 9.161 9.154
99-27+ 9.153 9.167 9.163 9.157 9.149
99-28 9.149 9.164 9.160 9.153 9.145
99-28+ 9.145 9.161 9.156 9.150 9.141
99-29 9.141 9.158 9.153 9.146 9.137
99-29+ 9.137 9.155 9.150 9.142 9.132
99-30 9.133 9.152 9.147 9.139 9.128
99-30+ 9.129 9.149 9.143 9.135 9.124
99-31 9.125 9.147 9.140 9.131 9.120
99-31+ 9.121 9.144 9.137 9.128 9.115
100-00 9.117 9.141 9.134 9.124 9.111
100-00+ 9.113 9.138 9.130 9.120 9.107
100-01 9.109 9.135 9.127 9.117 9.103
100-01+ 9.105 9.132 9.124 9.113 9.098
100-02 9.101 9.129 9.121 9.109 9.094
100-02+ 9.097 9.126 9.117 9.106 9.090
100-03 9.093 9.123 9.114 9.102 9.086
100-03+ 9.089 9.120 9.111 9.098 9.082
100-04 9.086 9.117 9.108 9.095 9.077
100-04+ 9.082 9.114 9.104 9.091 9.073
100-05 9.078 9.111 9.101 9.087 9.069
100-05+ 9.074 9.108 9.098 9.084 9.065
100-06 9.070 9.106 9.095 9.080 9.060
100-06+ 9.066 9.103 9.092 9.076 9.056
100-07 9.062 9.100 9.088 9.073 9.052
100-07+ 9.058 9.097 9.085 9.069 9.048
First Payment 3.042 4.125 3.542 3.042 3.125
Average Life 5.234 7.925 6.861 5.803 4.803
Last Payment 7.875 11.042 9.792 8.542 7.292
Mod.Dur. @ 100-00 3.912 5.298 4.788 4.230 3.665
</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 98-D
- Cut Off Date of Tape is 11/30/98
- Fixed Rate Collateral Loan Group
- $424,973,153.03
- Mortgage Summary Report
- --------------------------------------------------------------------------------
Number of Mortgage Loans: 8,361
Aggregate Unpaid Principal Balance: $424,973,153.03
Aggregate Original Principal Balance: $425,903,537.15
Weighted Average Gross Coupon: 10.639%
Gross Coupon Range: 7.500% - 15.500%
- --------------------------------------------------------------------------------
Average Unpaid Principal Balance: $50,828.03
Average Original Principal Balance: $50,939.31
Maximum Unpaid Principal Balance: $560,346.03
Minimum Unpaid Principal Balance: $4,693.58
Maximum Original Principal Balance: $560,900.00
Minimum Original Principal Balance: $5,000.00
Weighted Avg. Stated Rem. Term (LPD to Mat/Bln Date):
271.527
Stated Rem Term Range: 47.000 - 360.000
Weighted Average Age (Original Term - Rem Term): 1.057
Age Range: 0.000 - 301.000
Weighted Average Original Term: 272.584
Original Term Range: 48.000 - 360.000
Weighted Average Combined LTV: 81.284
Combined LTV Range: 5.000% - 100.000%
- --------------------------------------------------------------------------------
THIS COLLATERAL TERMSHEET SUPERSEDES ANY PREVIOUS COLLATERAL TERMSHEETS,
AND WILL BE SUPERSEDED BY THE COLLATERAL INFORMATION IN THE PROSPECTUS
SUPPLEMENT.
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH
A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED
FINANCIAL ADVISOR IMMEDIATELY.
<PAGE>
GROSS MORTGAGE INTEREST RATE RANGE
Percentage of
Aggregate Cut-Off Date
Gross Mortgage Number of Unpaid Aggregate
Interest Rate Mortgage Principal Principal
Range Loans Balance Balance
----- ----- ------- -------
7.00% < Gross Coupon <= 7.50% 2 159,754.76 0.04
7.50% < Gross Coupon <= 7.75% 3 221,925.64 0.05
7.75% < Gross Coupon <= 8.00% 33 3,449,294.53 0.81
8.00% < Gross Coupon <= 8.25% 27 2,608,655.17 0.61
8.25% < Gross Coupon <= 8.50% 140 13,008,185.54 3.06
8.50% < Gross Coupon <= 8.75% 151 13,581,731.70 3.20
8.75% < Gross Coupon <= 9.00% 298 20,394,340.11 4.80
9.00% < Gross Coupon <= 9.25% 263 20,326,994.94 4.78
9.25% < Gross Coupon <= 9.50% 493 28,952,405.73 6.81
9.50% < Gross Coupon <= 9.75% 500 33,644,975.47 7.92
9.75% < Gross Coupon <= 10.00% 532 30,255,453.63 7.12
10.00% < Gross Coupon <= 10.25% 457 26,525,938.15 6.24
10.25% < Gross Coupon <= 10.50% 468 28,004,075.13 6.59
10.50% < Gross Coupon <= 10.75% 447 26,884,023.82 6.33
10.75% < Gross Coupon <= 11.00% 564 31,063,116.44 7.31
11.00% < Gross Coupon <= 11.25% 551 22,595,224.22 5.32
11.25% < Gross Coupon <= 11.50% 523 21,866,320.33 5.15
11.50% < Gross Coupon <= 11.75% 526 18,109,180.03 4.26
11.75% < Gross Coupon <= 12.00% 371 16,127,023.46 3.79
12.00% < Gross Coupon <= 12.25% 442 13,597,631.91 3.20
12.25% < Gross Coupon <= 12.50% 422 15,347,435.36 3.61
12.50% < Gross Coupon <= 12.75% 259 7,471,208.28 1.76
12.75% < Gross Coupon <= 13.00% 375 13,251,715.23 3.12
13.00% < Gross Coupon <= 13.25% 164 6,897,633.01 1.62
13.25% < Gross Coupon <= 13.50% 122 4,081,726.59 0.96
13.50% < Gross Coupon <= 13.75% 83 2,497,404.92 0.59
13.75% < Gross Coupon <= 14.00% 38 1,139,229.57 0.27
14.00% < Gross Coupon <= 14.25% 35 946,052.34 0.22
14.25% < Gross Coupon <= 14.50% 18 467,892.62 0.11
14.50% < Gross Coupon <= 14.75% 9 260,834.27 0.06
14.75% < Gross Coupon <= 15.00% 27 687,797.99 0.16
15.00% < Gross Coupon <= 15.25% 7 231,472.14 0.05
15.25% < Gross Coupon <= 15.50% 11 316,500.00 0.07
- --------------------------------------------------------------------------------
Total.......... 8361 $ 424,973,153.03 100.00%
================================================================================
THIS COLLATERAL TERMSHEET SUPERSEDES ANY PREVIOUS COLLATERAL TERMSHEETS,
AND WILL BE SUPERSEDED BY THE COLLATERAL INFORMATION IN THE PROSPECTUS
SUPPLEMENT.
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH
A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED
FINANCIAL ADVISOR IMMEDIATELY.
<PAGE>
ORIGINAL TERM
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Original Term Loans Balance Balance
------------- ----- ------- -------
36 < Orig. Term <= 48 5 46,842.36 0.01%
48 < Orig. Term <= 60 109 1,837,705.76 0.43%
60 < Orig. Term <= 72 14 272,361.04 0.06%
72 < Orig. Term <= 84 42 719,075.73 0.17%
84 < Orig. Term <= 96 21 526,111.83 0.12%
96 < Orig. Term <= 108 5 89,471.52 0.02%
108 < Orig. Term <= 120 821 20,019,011.80 4.71%
120 < Orig. Term <= 132 3 197,300.00 0.05%
132 < Orig. Term <= 144 254 7,645,498.29 1.80%
144 < Orig. Term <= 156 14 678,866.98 0.16%
156 < Orig. Term <= 168 5 260,099.95 0.06%
168 < Orig. Term <= 180 3,198 129,136,639.08 30.39%
180 < Orig. Term <= 192 2 69,300.00 0.02%
192 < Orig. Term <= 204 7 301,133.66 0.07%
204 < Orig. Term <= 216 5 446,575.00 0.11%
216 < Orig. Term <= 228 2 119,821.79 0.03%
228 < Orig. Term <= 240 937 46,488,205.82 10.94%
252 < Orig. Term <= 264 3 111,125.73 0.03%
264 < Orig. Term <= 276 3 232,036.93 0.05%
276 < Orig. Term <= 288 1 60,763.29 0.01%
288 < Orig. Term <= 300 124 7,212,063.32 1.70%
300 < Orig. Term <= 312 1 130,600.00 0.03%
312 < Orig. Term <= 324 1 35,379.00 0.01%
324 < Orig. Term <= 336 5 323,436.02 0.08%
336 < Orig. Term <= 348 7 533,007.35 0.13%
348 < Orig. Term <= 360 2,772 207,480,720.78 48.82%
- -------------------------------------------------------------------
Total............ 8,361 424,973,153.03 100.00%
===================================================================
REMAINING MONTHS TO STATED MATURITY
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Remaining Term Loans Balance Balance
-------------- ----- ------- -------
36 < Rem Term <= 48 5 46,842.36 0.01%
48 < Rem Term <= 60 111 1,862,626.64 0.44%
60 < Rem Term <= 72 15 281,821.10 0.07%
72 < Rem Term <= 84 44 756,308.02 0.18%
84 < Rem Term <= 96 22 548,293.09 0.13%
96 < Rem Term <= 108 6 116,003.38 0.03%
108 < Rem Term <= 120 821 20,040,477.55 4.72%
120 < Rem Term <= 132 7 389,585.55 0.09%
132 < Rem Term <= 144 252 7,662,061.34 1.80%
144 < Rem Term <= 156 17 732,916.36 0.17%
156 < Rem Term <= 168 16 596,195.00 0.14%
168 < Rem Term <= 180 3,183 128,638,002.09 30.27%
180 < Rem Term <= 192 2 69,300.00 0.02%
192 < Rem Term <= 204 5 277,498.73 0.07%
204 < Rem Term <= 216 6 556,159.99 0.13%
216 < Rem Term <= 228 4 225,843.80 0.05%
228 < Rem Term <= 240 933 46,253,969.98 10.88%
252 < Rem Term <= 264 3 115,925.92 0.03%
264 < Rem Term <= 276 6 495,673.28 0.12%
276 < Rem Term <= 288 4 298,234.94 0.07%
288 < Rem Term <= 300 122 7,128,143.59 1.68%
300 < Rem Term <= 312 3 572,624.80 0.13%
312 < Rem Term <= 324 3 143,259.32 0.03%
324 < Rem Term <= 336 12 822,661.34 0.19%
336 < Rem Term <= 348 8 571,347.89 0.13%
348 < Rem Term <= 360 2,751 205,771,376.97 48.42%
- -------------------------------------------------------------------
Total............ 8,361 424,973,153.03 100.00%
===================================================================
THIS COLLATERAL TERMSHEET SUPERSEDES ANY PREVIOUS COLLATERAL TERMSHEETS,
AND WILL BE SUPERSEDED BY THE COLLATERAL INFORMATION IN THE PROSPECTUS
SUPPLEMENT.
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH
A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED
FINANCIAL ADVISOR IMMEDIATELY.
<PAGE>
ORIGINAL MORTGAGE LOAN AMOUNTS
Percentage of
Aggregate Cut-Off Date
Original Number of Unpaid Aggregate
Mortgage Loan Mortgage Principal Principal
Principal Balance Loans Balance Balance
----------------- ----- ------- -------
0 < Balance <= 5,000 1 5,000.00 0.00
5,000 < Balance <= 10,000 104 867,204.03 0.20
10,000 < Balance <= 15,000 410 5,290,901.79 1.24
15,000 < Balance <= 20,000 581 10,339,359.98 2.43
20,000 < Balance <= 25,000 752 17,024,975.17 4.01
25,000 < Balance <= 30,000 779 21,487,528.03 5.06
30,000 < Balance <= 35,000 718 23,346,532.94 5.49
35,000 < Balance <= 40,000 710 26,686,068.34 6.28
40,000 < Balance <= 45,000 612 26,019,178.15 6.12
45,000 < Balance <= 50,000 552 26,263,245.28 6.18
50,000 < Balance <= 55,000 478 25,047,087.77 5.89
55,000 < Balance <= 60,000 421 24,227,975.26 5.70
60,000 < Balance <= 65,000 332 20,768,148.61 4.89
65,000 < Balance <= 70,000 299 20,154,533.19 4.74
70,000 < Balance <= 75,000 230 16,665,260.86 3.92
75,000 < Balance <= 80,000 198 15,355,101.01 3.61
80,000 < Balance <= 85,000 158 12,996,949.68 3.06
85,000 < Balance <= 90,000 112 9,827,800.77 2.31
90,000 < Balance <= 95,000 85 7,866,825.55 1.85
95,000 < Balance <= 100,000 95 9,254,167.03 2.18
100,000 < Balance <= 105,000 77 7,890,513.24 1.86
105,000 < Balance <= 110,000 89 9,575,325.57 2.25
110,000 < Balance <= 115,000 71 7,991,307.01 1.88
115,000 < Balance <= 120,000 68 7,988,994.63 1.88
120,000 < Balance <= 125,000 53 6,503,777.36 1.53
125,000 < Balance <= 130,000 38 4,838,336.51 1.14
130,000 < Balance <= 135,000 36 4,759,253.84 1.12
135,000 < Balance <= 140,000 30 4,090,898.13 0.96
140,000 < Balance <= 145,000 24 3,422,619.98 0.81
145,000 < Balance <= 150,000 27 3,968,305.71 0.93
150,000 < Balance <= 200,000 146 24,883,416.94 5.86
200,000 < Balance <= 250,000 42 9,331,547.49 2.20
250,000 < Balance <= 300,000 22 6,012,088.43 1.41
300,000 < Balance <= 350,000 5 1,580,363.04 0.37
350,000 < Balance <= 400,000 3 1,147,682.89 0.27
400,000 < Balance <= 450,000 1 435,891.43 0.10
450,000 < Balance <= 500,000 1 498,641.36 0.12
550,000 < Balance <= 600,000 1 560,346.03 0.13
- --------------------------------------------------------------------------
Total.................... 8361 $ 424,973,153.03 100.00%
==========================================================================
THIS COLLATERAL TERMSHEET SUPERSEDES ANY PREVIOUS COLLATERAL TERMSHEETS,
AND WILL BE SUPERSEDED BY THE COLLATERAL INFORMATION IN THE PROSPECTUS
SUPPLEMENT.
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH
A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED
FINANCIAL ADVISOR IMMEDIATELY.
<PAGE>
CURRENT MORTGAGE LOAN AMOUNTS
Percentage of
Aggregate Cut-Off Date
Current Number of Unpaid Aggregate
Mortgage Loan Mortgage Principal Principal
Principal Balance Loans Balance Balance
----------------- ----- ------- -------
0 < Balance <= 5,000 2 9,693.58 0.00
5,000 < Balance <= 10,000 107 896,389.73 0.21
10,000 < Balance <= 15,000 413 5,344,077.29 1.26
15,000 < Balance <= 20,000 586 10,455,685.33 2.46
20,000 < Balance <= 25,000 754 17,137,077.59 4.03
25,000 < Balance <= 30,000 774 21,418,866.58 5.04
30,000 < Balance <= 35,000 719 23,426,330.94 5.51
35,000 < Balance <= 40,000 711 26,771,309.23 6.30
40,000 < Balance <= 45,000 608 25,877,531.68 6.09
45,000 < Balance <= 50,000 551 26,266,269.99 6.18
50,000 < Balance <= 55,000 480 25,211,817.38 5.93
55,000 < Balance <= 60,000 416 23,965,252.28 5.64
60,000 < Balance <= 65,000 332 20,782,051.76 4.89
65,000 < Balance <= 70,000 301 20,303,520.86 4.78
70,000 < Balance <= 75,000 226 16,390,896.56 3.86
75,000 < Balance <= 80,000 204 15,828,420.53 3.72
80,000 < Balance <= 85,000 152 12,544,845.89 2.95
85,000 < Balance <= 90,000 113 9,919,622.95 2.33
90,000 < Balance <= 95,000 84 7,784,900.57 1.83
95,000 < Balance <= 100,000 96 9,356,560.17 2.20
100,000 < Balance <= 105,000 77 7,890,513.24 1.86
105,000 < Balance <= 110,000 89 9,587,292.15 2.26
110,000 < Balance <= 115,000 70 7,881,722.02 1.85
115,000 < Balance <= 120,000 68 7,988,994.63 1.88
120,000 < Balance <= 125,000 54 6,627,453.21 1.56
125,000 < Balance <= 130,000 37 4,714,660.66 1.11
130,000 < Balance <= 135,000 38 5,028,941.92 1.18
135,000 < Balance <= 140,000 29 3,958,182.54 0.93
140,000 < Balance <= 145,000 25 3,564,280.55 0.84
145,000 < Balance <= 150,000 26 3,831,333.22 0.90
150,000 < Balance <= 200,000 144 24,642,097.33 5.80
200,000 < Balance <= 250,000 42 9,331,547.49 2.20
250,000 < Balance <= 300,000 22 6,012,088.43 1.41
300,000 < Balance <= 350,000 5 1,580,363.04 0.37
350,000 < Balance <= 400,000 3 1,147,682.89 0.27
400,000 < Balance <= 450,000 1 435,891.43 0.10
450,000 < Balance <= 500,000 1 498,641.36 0.12
550,000 < Balance <= 600,000 1 560,346.03 0.13
- --------------------------------------------------------------------------
Total.................... 8361 $ 424,973,153.03 100.00%
==========================================================================
THIS COLLATERAL TERMSHEET SUPERSEDES ANY PREVIOUS COLLATERAL TERMSHEETS,
AND WILL BE SUPERSEDED BY THE COLLATERAL INFORMATION IN THE PROSPECTUS
SUPPLEMENT.
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH
A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED
FINANCIAL ADVISOR IMMEDIATELY.
<PAGE>
ORIGINAL COMBINED LOAN-TO-VALUE RATIOS
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Original CLTV Ratio Loans Balance Balance
------------------- ----- ------- -------
0.000 < CLTV <= 5.000 1 8,728.89 0.00
5.000 < CLTV <= 10.000 3 78,515.76 0.02
10.000 < CLTV <= 15.000 13 186,517.79 0.04
15.000 < CLTV <= 20.000 40 744,903.64 0.18
20.000 < CLTV <= 25.000 50 1,049,150.86 0.25
25.000 < CLTV <= 30.000 66 1,572,518.99 0.37
30.000 < CLTV <= 35.000 83 2,115,427.32 0.50
35.000 < CLTV <= 40.000 98 2,746,281.13 0.65
40.000 < CLTV <= 45.000 128 3,665,547.89 0.86
45.000 < CLTV <= 50.000 195 6,188,486.50 1.46
50.000 < CLTV <= 55.000 198 6,233,039.28 1.47
55.000 < CLTV <= 60.000 266 9,395,520.61 2.21
60.000 < CLTV <= 65.000 329 13,014,638.59 3.06
65.000 < CLTV <= 70.000 499 20,788,108.49 4.89
70.000 < CLTV <= 75.000 799 36,109,773.56 8.50
75.000 < CLTV <= 80.000 1,293 68,250,227.12 16.06
80.000 < CLTV <= 85.000 1,298 72,029,155.25 16.95
85.000 < CLTV <= 90.000 1,209 70,788,875.08 16.66
90.000 < CLTV <= 95.000 791 49,018,631.48 11.53
95.000 < CLTV <= 100.000 1,002 60,989,104.80 14.35
- --------------------------------------------------------------------------
Total.................... 8,361 $ 424,973,153.03 100.00%
==========================================================================
THIS COLLATERAL TERMSHEET SUPERSEDES ANY PREVIOUS COLLATERAL TERMSHEETS,
AND WILL BE SUPERSEDED BY THE COLLATERAL INFORMATION IN THE PROSPECTUS
SUPPLEMENT.
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH
A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED
FINANCIAL ADVISOR IMMEDIATELY.
<PAGE>
GEOGRAPHICAL DISTRIBUTION OF MORTGAGED PROPERTIES
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
State Loans Balance Balance
----- ----- ------- -------
Alabama 82 3,747,683.77 0.88
Arizona 67 4,412,204.33 1.04
Arkansas 227 9,438,135.63 2.22
California 224 19,396,538.00 4.56
Colorado 85 6,278,321.25 1.48
Connecticut 53 4,042,891.75 0.95
Delaware 10 629,487.59 0.15
Dist of Col 14 987,259.63 0.23
Florida 446 22,412,210.97 5.27
Georgia 308 16,196,671.58 3.81
Idaho 14 1,016,922.58 0.24
Illinois 220 8,974,407.47 2.11
Indiana 313 13,232,089.82 3.11
Iowa 102 4,680,700.17 1.10
Kansas 2 77,079.76 0.02
Kentucky 216 9,739,518.24 2.29
Louisiana 927 41,484,259.48 9.76
Maine 122 7,103,809.52 1.67
Maryland 73 5,258,387.07 1.24
Massachusetts 52 4,020,183.16 0.95
Michigan 498 20,413,965.65 4.80
Minnesota 45 1,567,983.52 0.37
Mississippi 464 19,743,061.45 4.65
Missouri 142 6,661,530.13 1.57
Montana 1 62,522.74 0.01
Nebraska 33 1,507,181.04 0.35
Nevada 10 795,295.94 0.19
New Hampshire 55 4,351,673.34 1.02
New Jersey 74 6,152,756.01 1.45
New Mexico 51 3,183,253.75 0.75
New York 401 27,494,995.65 6.47
North Carolina 492 25,211,905.88 5.93
North Dakota 4 146,500.00 0.03
Ohio 490 23,849,670.15 5.61
Oklahoma 288 12,121,225.01 2.85
Oregon 35 2,730,547.24 0.64
Pennsylvania 310 14,724,588.14 3.46
Rhode Island 8 740,034.80 0.17
South Carolina 190 8,267,199.47 1.95
Tennessee 403 20,506,696.89 4.83
Texas 289 12,128,956.41 2.85
Utah 41 2,868,079.38 0.67
Vermont 4 286,380.22 0.07
Virginia 97 5,951,343.07 1.40
Washington 44 3,188,903.46 0.75
West Virgina 92 4,354,430.38 1.02
Wisconsin 234 12,522,277.66 2.95
Wyoming 9 311,433.88 0.07
- --------------------------------------------------------------------------
Total............... 8361 $ 424,973,153.03 100.00%
==========================================================================
THIS COLLATERAL TERMSHEET SUPERSEDES ANY PREVIOUS COLLATERAL TERMSHEETS,
AND WILL BE SUPERSEDED BY THE COLLATERAL INFORMATION IN THE PROSPECTUS
SUPPLEMENT.
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH
A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED
FINANCIAL ADVISOR IMMEDIATELY.
<PAGE>
MORTGAGED PROPERTIES
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Loans Balance Balance
----- ------- -------
Multiple Unit 2 178,658.40 0.04
Duplex 234 14,418,290.71 3.39
Triplex 21 1,613,022.37 0.38
Fourplex or Quadplex 25 1,754,721.30 0.41
RowHouse 41 1,222,103.48 0.29
Modular Housing 10 567,628.28 0.13
Manufactured Housing 3 216,023.25 0.05
Man.Housing/Moveble/Own Land 4 118,354.21 0.03
Man.House/Perm/Own Land 862 34,847,866.90 8.20
Semi-Detached 2 52,078.97 0.01
PUD 12 1,032,633.52 0.24
Unimprov Land/Comm. 2 190,038.69 0.04
Townhouses 12 753,552.32 0.18
Construction/Lending 7 468,629.62 0.11
Condominiums 101 5,968,240.07 1.40
Single Family Detached 7023 361,571,310.94 85.08
- --------------------------------------------------------------------------
Total............... 8361 $ 424,973,153.03 100.00%
==========================================================================
LOAN SUMMARY STRATIFIED BY
OWNER OCCUPANCY
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Loans Balance Balance
----- ------- -------
Owner Occupied, 1st Mtg 6861 380,185,331.12 89.46
Part-Owner Occupied, 1st 1 75,900.00 0.02
Non-Owner Occupied, 1st M 513 20,955,622.03 4.93
Second Home, 1st Mtg 10 572,778.72 0.13
Owner Occupied, 2nd Mtg 968 22,676,970.94 5.34
Non-Owner Occupied, 2nd M 5 103,747.22 0.02
Second Home, 2nd Mtg 1 19,103.00 0.00
Multiple Properties, 1st 2 383,700.00 0.09
- --------------------------------------------------------------------------
Total.................. 8361 $ 424,973,153.03 100.00%
==========================================================================
THIS COLLATERAL TERMSHEET SUPERSEDES ANY PREVIOUS COLLATERAL TERMSHEETS,
AND WILL BE SUPERSEDED BY THE COLLATERAL INFORMATION IN THE PROSPECTUS
SUPPLEMENT.
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH
A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED
FINANCIAL ADVISOR IMMEDIATELY.
THESE COMPUTATIONALS SUPERCEDE ALL PREVIOUSLY ISSUED VERSIONS
PRELIMINARY
BACKGROUND INFORMATION
UCFC LOAN TRUST 1998-D (fixed-rate bond portion only)
---------------------------------------------------
$[128,000,000] Class AF-1 FIXED-RATE CERTIFICATES
(non-SMMEA-eligible)
$[59,000,000] Class AF-2 FIXED-RATE CERTIFICATES
(non-SMMEA-eligible)
$[18,000,000] Class AF-3 FIXED-RATE CERTIFICATES
(non-SMMEA-eligible)
$[10,000,000] Class AF-4 FIXED-RATE CERTIFICATES
(non-SMMEA-eligible)
$[10,000,000] Class AF-5 FIXED-RATE CERTIFICATES
(non-SMMEA-eligible)
$[13,274,000] Class AF-6 FIXED-RATE CERTIFICATES
(non-SMMEA-eligible)
$[26,475,000] Class AF-7 FIXED-RATE CERTIFICATES
Non-Accelerated Senior Bond
(non-SMMEA-eligible)
$[150,000,000] Class AF-8 FIXED-RATE CERTIFICATES
(non-SMMEA-eligible)
$[39,638,000] Class MF-1 FIXED-RATE CERTIFICATES
(non-SMMEA-eligible)
$[33,863,000] Class MF-2 FIXED-RATE CERTIFICATES
(non-SMMEA-eligible)
$[26,250,000] Class BF-1 FIXED-RATE CERTIFICATES
(non-SMMEA eligible)
The information included herein is provided solely by Prudential Securities
Incorporated ("PSI") as underwriter for the UCFC Loan Trust 1998-D transaction,
and not by or as agent for UCFC Acceptance Corporation or any of its affiliates
(collectively, the "Depositor"). The Depositor has not prepared, reviewed or
participated in the preparation hereof, is not responsible for the accuracy
hereof and has not authorized the dissemination hereof. The analysis in this
report is accurate to the best of PSI's knowledge and is based on information
provided by the Depositor. PSI makes no representations as to the accuracy of
such information provided by the Depositor. All opinions and conclusions in this
report reflect PSI's judgment as of this date and are subject to change. All
analyses are based on certain assumptions noted herein and different assumptions
could yield substantially different results. You are cautioned that there is no
universally accepted method for analyzing financial instruments. You should
review the assumptions; there may be differences between these assumptions and
your actual business practices. Further, PSI does not guarantee any results and
there is no guarantee as to the liquidity of the instruments involved in this
analysis. The decision to adopt any strategy remains your responsibility. PSI
(or any of its affiliates) or their officers, directors, analysts or employees
may have positions in securities, commodities or derivative instruments thereon
referred to herein, and may, as principal or agent, buy or sell such securities,
commodities or derivative instruments. In addition, PSI may make a market in the
securities referred to herein. Neither the information nor the opinions
expressed shall be construed to be, or constitute, an offer to sell or buy or a
solicitation of an offer to sell or buy any securities, commodities or
derivative instruments mentioned herein. Finally, PSI has not addressed the
legal, accounting and tax implications of the analysis with respect to you and
PSI strongly urges you to seek advice from your counsel, accountant and tax
advisor.
<PAGE>
THESE COMPUTATIONALS SUPERCEDE ALL PREVIOUSLY ISSUED VERSIONS
<TABLE>
<CAPTION>
UCFC Loan Trust 1998-D -- Home Equity Loan Asset-Backed Certificates
UCFC LOAN TRUST 1998-D PRICING INFORMATION
--------------------------------------------------------
(FIXED-RATE BOND PORTION ONLY)
UCFC Loan Trust 1998-D Fixed-Rate Collateral Lead Manager: Prudential Securities Incorporated
Co-Manager: Bear, Stearns & Co. Inc.
Class: AF-1 AF-2 AF-3 AF-4 AF-5
<S> <C> <C> <C> <C> <C>
Approximate
Face Amount: [ 128,000,000 59,000,000 18,000,000 10,000,000 10,000,000 ]
Coupon: 6.105 5.905 6.035 6.210 6.280
Price: 100-00 100-00 100-00 100-00 100-00
Yield: 5.902 5.861 6.021 6.221 6.303
(to 10% call)
Spread: N/A 135 145 165 182
Exp Avg Life
to Maturity: [ 0.898 2.151 2.923 3.984 4.914 ]
Exp Avg Life
to 10% Call: [ 0.898 2.151 2.923 3.984 4.914 ]
Exp 1st Prin Pmt
(To Maturity): [ 01/15/1999 09/15/2000 09/15/2001 08/15/2002 05/15/2003 ]
Exp Mat: [ 09/15/2000 09/15/2001 08/15/2002 05/15/2003 08/15/2004 ]
Exp Mat to 10% Call: [ 09/15/2000 09/15/2001 08/15/2002 05/15/2003 08/15/2004 ]
Stated Mat: [ 05/15/2013 05/15/2021 02/15/2024 10/15/2025 04/15/2027 ]
Expected
Rating (Moody's/Fitch/ S&P): Aaa/AAA/AAA Aaa/AAA/AAA Aaa/AAA/AAA Aaa/AAA/AAA Aaa/AAA/AAA
Pricing Speed: [------------------------------------- 25% HEP --------------------------------------]
Pricing Date: 12/18/98 12/18/98 12/18/98 12/18/98 12/18/98
Investor
Settle Date: 12/30/98 12/30/98 12/30/98 12/30/98 12/30/98
Pmt Delay: 14 days 14 days 14 days 14 days 14 days
Cut-off Date: 12/01/98 12/01/98 12/01/98 12/01/98 12/01/98
Dated Date: 12/01/98 12/01/98 12/01/98 12/01/98 12/01/98
Int Pmt: 30/360 30/360 30/360 30/360 30/360
Pmt Terms: Monthly Monthly Monthly Monthly Monthly
1st Int. Pmt Date: 01/15/99 01/15/99 01/15/99 01/15/99 01/15/99
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>
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>
THESE COMPUTATIONALS SUPERCEDE ALL PREVIOUSLY ISSUED VERSIONS
<TABLE>
<CAPTION>
UCFC Loan Trust 1998-D -- Home Equity Loan Asset-Backed Certificates
UCFC LOAN TRUST 1998-D PRICING INFORMATION (continued)
--------------------------------------------------------
(FIXED-RATE BOND PORTION ONLY)
Class: AF-6* AF-7 AF-8* MF-1 MF-2 BF-1**
(NAS BOND)
<S> <C> <C> <C> <C> <C> <C>
Approximate
Face Amount: [ 13,274,000 26,475,000 150,000,000 39,638,000 33,863,000 26,250,000 ]
Coupon: 6.660 6.315 6.235 6.905 [------TBD-----------------------]
Price: 100-00 100-00 100-00 100-00 [------TBD-----------------------]
Yield: 6.707 6.350 6.201 6.942 [------TBD-----------------------]
(to 10% call)
Spread: 210 172 N/A N/A [------TBD-----------------------]
Exp Avg Life
to Maturity: [ 9.801 6.688 2.609 5.765 5.706 5.635 ]
Exp Avg Life
to 10% call: [ 7.248 6.408 2.452 5.276 5.245 5.234 ]
Exp 1st Prin Pmt: [ 08/15/2004 06/15/2002 01/15/1999 03/15/2002 02/15/2002 01/15/2002 ]
(To Maturity)
Exp Mat: [ 03/15/2015 01/15/2015 03/15/2015 05/15/2013 07/15/2012 04/15/2011 ]
Exp Mat to 10% call: [ 11/15/2006 11/15/2006 11/15/2006 11/15/2006 11/15/2006 11/15/2006 ]
Stated Mat: [ 04/15/2030 04/15/2030 04/15/2030 04/15/2030 04/15/2030 04/15/2030 ]
Expected Rating
(Moody's/Fitch/S&P): Aaa/AAA/AAA Aaa/AAA/AAA Aaa/AAA/AAA Aa2/AA/AA A2/A/A Baa2/BBB/BBB
Pricing Speed: [----------------------------------------- 25 HEP ------------------------------------------------]
Pricing Date: 12/18/98 12/18/98 12/16/98 12/18/98 [--------TBD---------------------]
Investor Settle Date: 12/30/98 12/30/98 12/30/98 12/30/98 12/30/98 12/30/98
Pmt Delay: 14 days 14 days 14 days 14 days 14 days 14 days
Cut-off Date: 12/01/98 12/01/98 12/01/98 12/01/98 12/01/98 12/01/98
Dated Date: 12/01/98 12/01/98 12/01/98 12/01/98 12/01/98 12/01/98
Int Pmt: 30/360 30/360 30/360 30/360 30/360 30/360
Pmt Terms: Monthly Monthly Monthly Monthly Monthly Monthly
1st Int. Pmt Date: 01/15/99 01/15/99 01/15/99 01/15/99 01/15/99 01/15/99
Collateral Type: Fixed-Rate Fixed-Rate Fixed-Rate Fixed-Rate Fixed-Rate Fixed-Rate
SMMEA Eligibility: non-SMMEA non-SMMEA non-SMMEA non-SMMEA non-SMMEA non-SMMEA
</TABLE>
* Coupon steps up by 50 bps if optional clean-up call is not exercised.
** Coupon on Class BF-1 may be subject to WAC Cap.
- --------------------------------------------------------------------------------
THIS COLLATERAL TERMSHEET SUPERSEDES ANY PREVIOUS COLLATERAL TERMSHEETS,
AND WILL BE SUPERSEDED BY THE COLLATERAL INFORMATION IN THE PROSPECTUS
SUPPLEMENT.
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH
A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED
FINANCIAL ADVISOR IMMEDIATELY.
<PAGE>
THESE COMPUTATIONALS SUPERCEDE ALL PREVIOUSLY ISSUED VERSIONS
UCFC Loan Trust 1998-D -- Home Equity Loan Asset-Backed Certificates
SUMMARY OF TERMS
--------------------------
Title of Securities: UCFC Loan Trust 1998-D, Home Equity Loan
Asset-Backed Certificates Class AF-1, AF-2, AF-3, AF-4,
AF-5, AF-6, AF-7, AF-8, MF-1, MF-2 and BF-1
Certificates.
Depositor: UCFC Acceptance Corporation.
Servicer: United Companies Lending Corporation, as interim
servicer, pending transfer, and EMC Mortgage
Corporation (a wholly owned subsidiary of The Bear
Stearns Companies Inc.), as subsequent servicer upon
transfer (expected prior to Feb. 28, 1999).
Servicing Fees: Base Servicing Fee of 50 bps per annum and a
supplemental Servicing Fee.
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: $[514,500,000]
Credit Enhancement: 1) Excess Interest
2) Over-Collateralization
3) Cross-Collateralization with ARM Loan Group
4) Subordination
Excess Interest: Excess interest cashflows will be available as credit
enhancement.
Overcollateralization: The credit enhancement provisions of the Trust are
intended to provide for the limited acceleration of the
Senior Certificates relative to the amortization of the
related collateral, generally in the early months of the
transaction. Accelerated amortization is achieved by
applying certain excess interest collected on the
collateral to the payment of principal on the Senior
Certificates, resulting in the build up of
overcollateralization ("O/C"). By paying down the
principal balance of the certificates faster than the
principal amortization of the collateral pool, an
overcollateralization amount equal to the excess of the
aggregate principal balance of the collateral pool over
the principal balance of the Certificates is created.
Excess cashflow will be directed to build O/C amount
until the collateral pool reaches its required O/C
target. Upon this event the acceleration feature will
cease, unless it is once again necessary to maintain the
required O/C level.
Initial: [2.00%] Target:[6.95%]
This O/C percentage is subject to step-down beginning in
month 37, if the Subordinate Class Principal
Distribution Test is met.
Cross-
Collateralization: Excess spread from the Fixed and the Adjustable-rate
Loan groups, if not needed to credit enhance its own
group, will be available to cover losses and build O/C
on the other group.
Initial
Subordination: *** All levels are preliminary and subject to change
*** Note: Each percentage listed below includes 2%
initial O/C.
Class AF-1 - AF-8 [21.00%]
Class MF-1 [13.45%]
Class MF-2 [ 7.00%]
Class BF-1 [ 2.00%]
Class Sizes: Class AF-1 - AF-8 [79.00%]
Class MF-1 [ 7.55%]
Class MF-2 [ 6.45%]
Class BF-1 [ 5.00%]
THIS COLLATERAL TERMSHEET SUPERSEDES ANY PREVIOUS COLLATERAL TERMSHEETS,
AND WILL BE SUPERSEDED BY THE COLLATERAL INFORMATION IN THE PROSPECTUS
SUPPLEMENT.
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH
A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED
FINANCIAL ADVISOR IMMEDIATELY.
<PAGE>
THESE COMPUTATIONALS SUPERCEDE ALL PREVIOUSLY ISSUED VERSIONS
UCFC Loan Trust 1998-D -- Home Equity Loan Asset-Backed Certificates
Distribution Date: The 15th day of each month (or, if any such date is not
a business day, the first business day thereafter)
commencing in January 1999. The payment delay will be 14
days for the Class AF-1, AF-2, AF-3, AF-4, AF-5, AF-6,
AF-7, AF-8, MF-1, MF-2 and BF-1 Certificates.
Interest Accrual: Interest will accrue from the 1st day of the preceeding
month until the 30th day of the preceeding month.
Cashflow Priority: 1) Repayment of any unrecoverable, unreimbursed Servicer
advances;
2) Base Servicing Fee + Supplemental Servicing Fee;
3) Fixed-rate interest funds, in the following order of
priority:
A) Monthly interest, including any interest
carryforward to Class AF-1 through AF-8;
B) Monthly interest, to Class MF-1;
C) Monthly interest, to Class MF-2; D)
Monthly interest, to Class BF-1;
4) Fixed-rate principal funds, in the following order of
priority:
A) To the Class AF-8 Certificates - the
Class AF-8 Pro Rata Share (36% of the
Fixed-Rate Class A principal funds);
B) To the Class AF-7 Certificates - the
Class AF-7 Principal Distribution Amount of
the Adjusted Fixed-Rate Principal
Distribution Amount (64% of the Fixed-Rate
Class A principal funds);
C) If the Subordinate Class Principal
Distribution Test is NOT met, then all
scheduled and unscheduled principal will be
paid to the Class AF-1 through AF-7
Certificates, in sequential order;
D) If the Subordinate Class Principal
Distribution Test IS met, then all
Certificates will be entitled to receive
payments of principal, in the following
order of priority: first to the Class A
Certificates (in the same order of priority
as is the case prior to the Test being met),
second to the Class MF-1 Certificates, third
to the Class MF-2 Certificates, and fourth
to the Class BF-1 Certificates;
5) Excess cashflow, as follows: to the Class AF
Certificates to build O/C, then any interest
carryforward to the Class MF-1 Certificates, then any
unpaid realized loss amount to the Class MF-1
Certificates; then any interest carryforward to the
Class MF-2 Certificates, then any unpaid realized loss
amount to the Class MF-2 Certificates; then any interest
carryforward to the Class BF-1 Certificates, then any
unpaid realized loss amount to the Class BF-1
Certificates;
6) Excess cashflow, as follows: to build the required
O/C on the adjustable-rate Certificates, then any
interest carryforward and unpaid realized loss amounts
on the adjustable-rate Certificates;
7) Any excess cashflow reverts to United Companies.
The Subordinate
Class Principal Distribution
Test:
The Subordinate Class Principal Distribution Test is met
if:
A) The Remittance Date is on or after the first
Subordinate Class Principal Distribution Date; and
B) A Trigger Event has not occured.
Subordinate Class
Principal Distribution
Date: The later of (i) January 2002 Payment Date and (ii) the
first Payment Date on which the Senior Enhancement
Percentage (i.e., the sum of the Subordinate
Certificates + the O/C amount for the fixed-rate bonds
divided by the aggregate Loan Balance of the mortgage
loans in Fixed Loan Group) is greater than or equal to
the Senior Specified Enhancement Percentage, which is
equal to two times the initial AAA subordination
(including O/C).
Senior Specified Enhancement Percentage:
---------------------------------------
[51.90%] or [19.00% + 6.95%]*2
Trigger Event: If the percentage obtained by dividing (x) the principal
amount of 60+ day delinquent loans (including
foreclosures and REOs) by (y) the aggregate outstanding
loan balance of the mortgage loans as of the last day of
the immediately preceding Remittance Period equals or
exceeds [0.40] multiplied by the Senior Enhancement
Percentage.
If the Subordinate Class Principal Distribution Test is
met, principal will be distributed in amounts that will
keep the subordination for each class at its required
level.
REQUIRED SUBORDINATION LEVELS
-----------------------------
Class AF - [51.90%]
Class MF-1 - [36.80%]
Class MF-2 - [23.90%]
Class BF-1 - [13.90%]
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>
THESE COMPUTATIONALS SUPERCEDE ALL PREVIOUSLY ISSUED VERSIONS
UCFC Loan Trust 1998-D -- Home Equity Loan Asset-Backed Certificates
Class AF-7 Principal
Distribution Amount:
The applicable Class AF-7 Principal percentage
multiplied by the Class AF-7 Principal pro rata
(excluding the Class AF-8 Certificates) distribution
amount for such Payment Date.
The Class AF-7 Principal Percentage
-----------------------------------
January 1999 to December 2001 ==> 0%
January 2002 to December 2003 ==> 45%
January 2004 to December 2004 ==> 80%
January 2005 to December 2005 ==> 100%
January 2006 and after ==> 300%
Offering: Public shelf offering -- a prospectus and prospectus
supplement will be distributed after pricing.
Pricing Date: TBD
Investor
Settlement Date: December 30, 1998
Form of Certificates: Book-Entry form, same-day funds through DTC, Euroclear
and CEDEL
Prepayment
Assumption: 25% HEP (2.5% CPR in month 1 with monthly incremental
increases of 2.5% CPR until the speed reaches 25% CPR in
month 10 based on loan seasoning.) This means that
seasoned loans will start further up on the prepayment
curve.
Optional
Cleanup Call: United Companies will have the right to purchase the
Home Equity Loans on any Remittance Date when the
aggregate Loan Balance of the Home Equity Loans in both
Groups 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.
Pre-Funding Account: On the closing date, approximately $[100,026,847] will
be deposited in a pre-funding account for the purchase
of additional fixed-rate mortgage loans. From the
closing date until [March] 15, 1999, the Trust intends
to purchase mortgage loans up to the entire pre-funding
amount. Funds remaining the pre-funding account that
total less than $100,000 after this period will be
distributed to investors in the Class AF-1 and Class
AF-8 Certificates as a prepayment on [March] 15, 1999.
If the funds remaining in the pre-funding account total
greater than $100,000 after this period, the funds will
be distributed on a pro-rata basis to the investors in
the Class AF-1 through AF-8 Certificates as a prepayment
on [March] 15, 1999. The additional mortgage loans will
be subject to certain aggregate group characteristics
that will be more fully described in the Prospectus
Supplement.
ERISA Considerations: Subject to the considerations and conditions described
in the Prospectus Supplement, it is expected that the
Class A Certificates may be purchased by employee
benefit plans that are subject to ERISA.
Taxation: REMIC
Legal Investment: None of the Certificates will be SMMEA-eligible.
Certificates Ratings: "Aaa", "AAA", and "AAA" for the Class AF-1, AF-2, AF-3,
AF-4, AF-5, AF-6, AF-7 and AF-8 Certificates, "Aa2",
"AA" and "AA" for Class MF-1, "A2", "A" and A" for Class
MF-2, and "Baa2", "BBB" and "BBB" for Class BF-1 by
Moody's, S&P and Fitch, respectively.
Prospectus: The Certificates are being offered pursuant to a
Prospectus which includes a Prospetus Supplement
(together, the "Prospectus"). Complete information with
respect to the Certificates and the Collateral is
contained in the Prospectus. The foregoing is qualified
in its entirety by the information appearing in the
Prospectus. To the extent that the foregoing is
inconsistent with the Prospectus, the Prospectus shall
govern in all respects. Sales of the Certificates may
not be consumated unless the purchaser has received the
Prospectus.
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>
THESE COMPUTATIONALS SUPERCEDE ALL PREVIOUSLY ISSUED VERSIONS
<TABLE>
<CAPTION>
CURRENT BALANCE: $33,863,000.00 DATED DATE: 12/01/98
COUPON: TBD% ucfc98df FIRST PAYMENT: 01/15/99
FACTOR: 1.0000000000 TOTAL CLASSES: 15
ORIGINAL BALANCE: $33,863,000.00 BOND MF-2 BE-YIELD TABLE YIELD TABLE DATE: 12/30/98
PREPAYMENT SPEED
*** TO CALL ***
PRICING SPEED
FIX (HEP) 25 15 18 22 28
ARM (CPR) 100 PPC 100 PPC 100 PPC 100 PPC 100 PPC
<S> <C> <C> <C> <C> <C>
99-24 7.424 7.426 7.426 7.425 7.424
99-24+ 7.420 7.424 7.423 7.421 7.420
99-25 7.417 7.421 7.420 7.418 7.415
99-25+ 7.413 7.418 7.417 7.414 7.411
99-26 7.409 7.415 7.413 7.411 7.407
99-26+ 7.405 7.413 7.410 7.407 7.403
99-27 7.401 7.410 7.407 7.404 7.399
99-27+ 7.398 7.407 7.404 7.400 7.395
99-28 7.394 7.404 7.401 7.397 7.391
99-28+ 7.390 7.402 7.398 7.393 7.387
99-29 7.386 7.399 7.395 7.390 7.383
99-29+ 7.383 7.396 7.392 7.386 7.379
99-30 7.379 7.394 7.389 7.383 7.375
99-30+ 7.375 7.391 7.386 7.380 7.371
99-31 7.371 7.388 7.383 7.376 7.367
99-31+ 7.368 7.385 7.380 7.373 7.363
100-00 7.364 7.383 7.377 7.369 7.359
100-00+ 7.360 7.380 7.374 7.366 7.355
100-01 7.356 7.377 7.371 7.362 7.351
100-01+ 7.353 7.374 7.368 7.359 7.347
100-02 7.349 7.372 7.365 7.355 7.343
100-02+ 7.345 7.369 7.362 7.352 7.339
100-03 7.341 7.366 7.359 7.348 7.335
100-03+ 7.338 7.364 7.356 7.345 7.331
100-04 7.334 7.361 7.353 7.341 7.327
100-04+ 7.330 7.358 7.350 7.338 7.323
100-05 7.326 7.355 7.347 7.334 7.319
100-05+ 7.323 7.353 7.343 7.331 7.315
100-06 7.319 7.350 7.340 7.328 7.311
100-06+ 7.315 7.347 7.337 7.324 7.308
100-07 7.311 7.344 7.334 7.321 7.304
100-07+ 7.308 7.342 7.331 7.317 7.300
First Payment 3.125 4.125 3.542 3.042 3.208
Average Life 5.245 7.925 6.861 5.803 4.848
Last Payment 7.875 11.042 9.792 8.542 7.292
Mod.Dur. @ 100-00 4.132 5.691 5.106 4.478 3.884
</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>
THESE COMPUTATIONALS SUPERCEDE ALL PREVIOUSLY ISSUED VERSIONS
<TABLE>
<CAPTION>
CURRENT BALANCE: $26,250,000.00 DATED DATE: 12/01/98
COUPON: TBD% ucfc98df FIRST PAYMENT: 01/15/99
FACTOR: 1.0000000000 TOTAL CLASSES: 15
ORIGINAL BALANCE: $26,250,000.00 BOND BF-1 BE-YIELD TABLE YIELD TABLE DATE: 12/30/98
PREPAYMENT SPEED
*** TO CALL ***
PRICING SPEED
FIX (HEP) 25 15 18 22 28
ARM (CPR) 100 PPC 100 PPC 100 PPC 100 PPC 100 PPC
<S> <C> <C> <C> <C> <C>
99-24 9.181 9.188 9.186 9.183 9.179
99-24+ 9.177 9.185 9.182 9.179 9.175
99-25 9.173 9.182 9.179 9.175 9.171
99-25+ 9.169 9.179 9.176 9.172 9.166
99-26 9.165 9.176 9.173 9.168 9.162
99-26+ 9.161 9.173 9.169 9.164 9.158
99-27 9.157 9.170 9.166 9.161 9.154
99-27+ 9.153 9.167 9.163 9.157 9.149
99-28 9.149 9.164 9.160 9.153 9.145
99-28+ 9.145 9.161 9.156 9.150 9.141
99-29 9.141 9.158 9.153 9.146 9.137
99-29+ 9.137 9.155 9.150 9.142 9.132
99-30 9.133 9.152 9.147 9.139 9.128
99-30+ 9.129 9.149 9.143 9.135 9.124
99-31 9.125 9.147 9.140 9.131 9.120
99-31+ 9.121 9.144 9.137 9.128 9.115
100-00 9.117 9.141 9.134 9.124 9.111
100-00+ 9.113 9.138 9.130 9.120 9.107
100-01 9.109 9.135 9.127 9.117 9.103
100-01+ 9.105 9.132 9.124 9.113 9.098
100-02 9.101 9.129 9.121 9.109 9.094
100-02+ 9.097 9.126 9.117 9.106 9.090
100-03 9.093 9.123 9.114 9.102 9.086
100-03+ 9.089 9.120 9.111 9.098 9.082
100-04 9.086 9.117 9.108 9.095 9.077
100-04+ 9.082 9.114 9.104 9.091 9.073
100-05 9.078 9.111 9.101 9.087 9.069
100-05+ 9.074 9.108 9.098 9.084 9.065
100-06 9.070 9.106 9.095 9.080 9.060
100-06+ 9.066 9.103 9.092 9.076 9.056
100-07 9.062 9.100 9.088 9.073 9.052
100-07+ 9.058 9.097 9.085 9.069 9.048
First Payment 3.042 4.125 3.542 3.042 3.125
Average Life 5.234 7.925 6.861 5.803 4.803
Last Payment 7.875 11.042 9.792 8.542 7.292
Mod.Dur. @ 100-00 3.912 5.298 4.788 4.230 3.665
</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>
THESE COMPUTATIONALS SUPERCEDE ALL PREVIOUSLY ISSUED VERSIONS
- --------------------------------------------------------------------------------
- UCFC 98-D
- Cut Off Date of Tape is 11/30/98
- Fixed Rate Collateral Loan Group
- $424,973,153.03
- Mortgage Summary Report
- --------------------------------------------------------------------------------
Number of Mortgage Loans: 8,361
Aggregate Unpaid Principal Balance: $424,973,153.03
Aggregate Original Principal Balance: $425,903,537.15
Weighted Average Gross Coupon: 10.639%
Gross Coupon Range: 7.500% - 15.500%
- --------------------------------------------------------------------------------
Average Unpaid Principal Balance: $50,828.03
Average Original Principal Balance: $50,939.31
Maximum Unpaid Principal Balance: $560,346.03
Minimum Unpaid Principal Balance: $4,693.58
Maximum Original Principal Balance: $560,900.00
Minimum Original Principal Balance: $5,000.00
Weighted Avg. Stated Rem. Term (LPD to Mat/Bln Date):
271.527
Stated Rem Term Range: 47.000 - 360.000
Weighted Average Age (Original Term - Rem Term): 1.057
Age Range: 0.000 - 301.000
Weighted Average Original Term: 272.584
Original Term Range: 48.000 - 360.000
Weighted Average Combined LTV: 81.284
Combined LTV Range: 5.000% - 100.000%
- --------------------------------------------------------------------------------
THIS COLLATERAL TERMSHEET SUPERSEDES ANY PREVIOUS COLLATERAL TERMSHEETS,
AND WILL BE SUPERSEDED BY THE COLLATERAL INFORMATION IN THE PROSPECTUS
SUPPLEMENT.
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH
A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED
FINANCIAL ADVISOR IMMEDIATELY.
<PAGE>
THESE COMPUTATIONALS SUPERCEDE ALL PREVIOUSLY ISSUED VERSIONS
GROSS MORTGAGE INTEREST RATE RANGE
Percentage of
Aggregate Cut-Off Date
Gross Mortgage Number of Unpaid Aggregate
Interest Rate Mortgage Principal Principal
Range Loans Balance Balance
7.00% < Gross Coupon <= 7.50% 2 159,754.76 0.04
7.50% < Gross Coupon <= 7.75% 3 221,925.64 0.05
7.75% < Gross Coupon <= 8.00% 33 3,449,294.53 0.81
8.00% < Gross Coupon <= 8.25% 27 2,608,655.17 0.61
8.25% < Gross Coupon <= 8.50% 140 13,008,185.54 3.06
8.50% < Gross Coupon <= 8.75% 151 13,581,731.70 3.20
8.75% < Gross Coupon <= 9.00% 298 20,394,340.11 4.80
9.00% < Gross Coupon <= 9.25% 263 20,326,994.94 4.78
9.25% < Gross Coupon <= 9.50% 493 28,952,405.73 6.81
9.50% < Gross Coupon <= 9.75% 500 33,644,975.47 7.92
9.75% < Gross Coupon <= 10.00% 532 30,255,453.63 7.12
10.00% < Gross Coupon <= 10.25% 457 26,525,938.15 6.24
10.25% < Gross Coupon <= 10.50% 468 28,004,075.13 6.59
10.50% < Gross Coupon <= 10.75% 447 26,884,023.82 6.33
10.75% < Gross Coupon <= 11.00% 564 31,063,116.44 7.31
11.00% < Gross Coupon <= 11.25% 551 22,595,224.22 5.32
11.25% < Gross Coupon <= 11.50% 523 21,866,320.33 5.15
11.50% < Gross Coupon <= 11.75% 526 18,109,180.03 4.26
11.75% < Gross Coupon <= 12.00% 371 16,127,023.46 3.79
12.00% < Gross Coupon <= 12.25% 442 13,597,631.91 3.20
12.25% < Gross Coupon <= 12.50% 422 15,347,435.36 3.61
12.50% < Gross Coupon <= 12.75% 259 7,471,208.28 1.76
12.75% < Gross Coupon <= 13.00% 375 13,251,715.23 3.12
13.00% < Gross Coupon <= 13.25% 164 6,897,633.01 1.62
13.25% < Gross Coupon <= 13.50% 122 4,081,726.59 0.96
13.50% < Gross Coupon <= 13.75% 83 2,497,404.92 0.59
13.75% < Gross Coupon <= 14.00% 38 1,139,229.57 0.27
14.00% < Gross Coupon <= 14.25% 35 946,052.34 0.22
14.25% < Gross Coupon <= 14.50% 18 467,892.62 0.11
14.50% < Gross Coupon <= 14.75% 9 260,834.27 0.06
14.75% < Gross Coupon <= 15.00% 27 687,797.99 0.16
15.00% < Gross Coupon <= 15.25% 7 231,472.14 0.05
15.25% < Gross Coupon <= 15.50% 11 316,500.00 0.07
- --------------------------------------------------------------------------------
Total.......... 8361 $424,973,153.03 100.00%
================================================================================
THIS COLLATERAL TERMSHEET SUPERSEDES ANY PREVIOUS COLLATERAL TERMSHEETS,
AND WILL BE SUPERSEDED BY THE COLLATERAL INFORMATION IN THE PROSPECTUS
SUPPLEMENT.
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH
A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED
FINANCIAL ADVISOR IMMEDIATELY.
<PAGE>
THESE COMPUTATIONALS SUPERCEDE ALL PREVIOUSLY ISSUED VERSIONS
ORIGINAL TERM
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Original Term Loans Balance Balance
36 < Orig. Term <= 48 5 46,842.36 0.01%
48 < Orig. Term <= 60 109 1,837,705.76 0.43%
60 < Orig. Term <= 72 14 272,361.04 0.06%
72 < Orig. Term <= 84 42 719,075.73 0.17%
84 < Orig. Term <= 96 21 526,111.83 0.12%
96 < Orig. Term <= 108 5 89,471.52 0.02%
108 < Orig. Term <= 120 821 20,019,011.80 4.71%
120 < Orig. Term <= 132 3 197,300.00 0.05%
132 < Orig. Term <= 144 254 7,645,498.29 1.80%
144 < Orig. Term <= 156 14 678,866.98 0.16%
156 < Orig. Term <= 168 5 260,099.95 0.06%
168 < Orig. Term <= 180 3,198 129,136,639.08 30.39%
180 < Orig. Term <= 192 2 69,300.00 0.02%
192 < Orig. Term <= 204 7 301,133.66 0.07%
204 < Orig. Term <= 216 5 446,575.00 0.11%
216 < Orig. Term <= 228 2 119,821.79 0.03%
228 < Orig. Term <= 240 937 46,488,205.82 10.94%
252 < Orig. Term <= 264 3 111,125.73 0.03%
264 < Orig. Term <= 276 3 232,036.93 0.05%
276 < Orig. Term <= 288 1 60,763.29 0.01%
288 < Orig. Term <= 300 124 7,212,063.32 1.70%
300 < Orig. Term <= 312 1 130,600.00 0.03%
312 < Orig. Term <= 324 1 35,379.00 0.01%
324 < Orig. Term <= 336 5 323,436.02 0.08%
336 < Orig. Term <= 348 7 533,007.35 0.13%
348 < Orig. Term <= 360 2,772 207,480,720.78 48.82%
- -------------------------------------------------------------------
Total............ 8,361 424,973,153.03 100.00%
===================================================================
REMAINING MONTHS TO STATED MATURITY
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Remaining Term Loans Balance Balance
36 < Rem Term <= 48 5 46,842.36 0.01%
48 < Rem Term <= 60 111 1,862,626.64 0.44%
60 < Rem Term <= 72 15 281,821.10 0.07%
72 < Rem Term <= 84 44 756,308.02 0.18%
84 < Rem Term <= 96 22 548,293.09 0.13%
96 < Rem Term <= 108 6 116,003.38 0.03%
108 < Rem Term <= 120 821 20,040,477.55 4.72%
120 < Rem Term <= 132 7 389,585.55 0.09%
132 < Rem Term <= 144 252 7,662,061.34 1.80%
144 < Rem Term <= 156 17 732,916.36 0.17%
156 < Rem Term <= 168 16 596,195.00 0.14%
168 < Rem Term <= 180 3,183 128,638,002.09 30.27%
180 < Rem Term <= 192 2 69,300.00 0.02%
192 < Rem Term <= 204 5 277,498.73 0.07%
204 < Rem Term <= 216 6 556,159.99 0.13%
216 < Rem Term <= 228 4 225,843.80 0.05%
228 < Rem Term <= 240 933 46,253,969.98 10.88%
252 < Rem Term <= 264 3 115,925.92 0.03%
264 < Rem Term <= 276 6 495,673.28 0.12%
276 < Rem Term <= 288 4 298,234.94 0.07%
288 < Rem Term <= 300 122 7,128,143.59 1.68%
300 < Rem Term <= 312 3 572,624.80 0.13%
312 < Rem Term <= 324 3 143,259.32 0.03%
324 < Rem Term <= 336 12 822,661.34 0.19%
336 < Rem Term <= 348 8 571,347.89 0.13%
348 < Rem Term <= 360 2,751 205,771,376.97 48.42%
- -------------------------------------------------------------------
Total............ 8,361 424,973,153.03 100.00%
===================================================================
THIS COLLATERAL TERMSHEET SUPERSEDES ANY PREVIOUS COLLATERAL TERMSHEETS,
AND WILL BE SUPERSEDED BY THE COLLATERAL INFORMATION IN THE PROSPECTUS
SUPPLEMENT.
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH
A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED
FINANCIAL ADVISOR IMMEDIATELY.
<PAGE>
THESE COMPUTATIONALS SUPERCEDE ALL PREVIOUSLY ISSUED VERSIONS
ORIGINAL MORTGAGE LOAN AMOUNTS
Percentage of
Aggregate Cut-Off Date
Original Number of Unpaid Aggregate
Mortgage Loan Mortgage Principal Principal
Principal Balance Loans Balance Balance
0 < Balance <= 5,000 1 5,000.00 0.00
5,000 < Balance <= 10,000 104 867,204.03 0.20
10,000 < Balance <= 15,000 410 5,290,901.79 1.24
15,000 < Balance <= 20,000 581 10,339,359.98 2.43
20,000 < Balance <= 25,000 752 17,024,975.17 4.01
25,000 < Balance <= 30,000 779 21,487,528.03 5.06
30,000 < Balance <= 35,000 718 23,346,532.94 5.49
35,000 < Balance <= 40,000 710 26,686,068.34 6.28
40,000 < Balance <= 45,000 612 26,019,178.15 6.12
45,000 < Balance <= 50,000 552 26,263,245.28 6.18
50,000 < Balance <= 55,000 478 25,047,087.77 5.89
55,000 < Balance <= 60,000 421 24,227,975.26 5.70
60,000 < Balance <= 65,000 332 20,768,148.61 4.89
65,000 < Balance <= 70,000 299 20,154,533.19 4.74
70,000 < Balance <= 75,000 230 16,665,260.86 3.92
75,000 < Balance <= 80,000 198 15,355,101.01 3.61
80,000 < Balance <= 85,000 158 12,996,949.68 3.06
85,000 < Balance <= 90,000 112 9,827,800.77 2.31
90,000 < Balance <= 95,000 85 7,866,825.55 1.85
95,000 < Balance <= 100,000 95 9,254,167.03 2.18
100,000 < Balance <= 105,000 77 7,890,513.24 1.86
105,000 < Balance <= 110,000 89 9,575,325.57 2.25
110,000 < Balance <= 115,000 71 7,991,307.01 1.88
115,000 < Balance <= 120,000 68 7,988,994.63 1.88
120,000 < Balance <= 125,000 53 6,503,777.36 1.53
125,000 < Balance <= 130,000 38 4,838,336.51 1.14
130,000 < Balance <= 135,000 36 4,759,253.84 1.12
135,000 < Balance <= 140,000 30 4,090,898.13 0.96
140,000 < Balance <= 145,000 24 3,422,619.98 0.81
145,000 < Balance <= 150,000 27 3,968,305.71 0.93
150,000 < Balance <= 200,000 146 24,883,416.94 5.86
200,000 < Balance <= 250,000 42 9,331,547.49 2.20
250,000 < Balance <= 300,000 22 6,012,088.43 1.41
300,000 < Balance <= 350,000 5 1,580,363.04 0.37
350,000 < Balance <= 400,000 3 1,147,682.89 0.27
400,000 < Balance <= 450,000 1 435,891.43 0.10
450,000 < Balance <= 500,000 1 498,641.36 0.12
550,000 < Balance <= 600,000 1 560,346.03 0.13
- --------------------------------------------------------------------------
Total.................... 8361 $424,973,153.03 100.00%
==========================================================================
THIS COLLATERAL TERMSHEET SUPERSEDES ANY PREVIOUS COLLATERAL TERMSHEETS,
AND WILL BE SUPERSEDED BY THE COLLATERAL INFORMATION IN THE PROSPECTUS
SUPPLEMENT.
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH
A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED
FINANCIAL ADVISOR IMMEDIATELY.
<PAGE>
THESE COMPUTATIONALS SUPERCEDE ALL PREVIOUSLY ISSUED VERSIONS
CURRENT MORTGAGE LOAN AMOUNTS
Percentage of
Aggregate Cut-Off Date
Current Number of Unpaid Aggregate
Mortgage Loan Mortgage Principal Principal
Principal Balance Loans Balance Balance
0 < Balance <= 5,000 2 9,693.58 0.00
5,000 < Balance <= 10,000 107 896,389.73 0.21
10,000 < Balance <= 15,000 413 5,344,077.29 1.26
15,000 < Balance <= 20,000 586 10,455,685.33 2.46
20,000 < Balance <= 25,000 754 17,137,077.59 4.03
25,000 < Balance <= 30,000 774 21,418,866.58 5.04
30,000 < Balance <= 35,000 719 23,426,330.94 5.51
35,000 < Balance <= 40,000 711 26,771,309.23 6.30
40,000 < Balance <= 45,000 608 25,877,531.68 6.09
45,000 < Balance <= 50,000 551 26,266,269.99 6.18
50,000 < Balance <= 55,000 480 25,211,817.38 5.93
55,000 < Balance <= 60,000 416 23,965,252.28 5.64
60,000 < Balance <= 65,000 332 20,782,051.76 4.89
65,000 < Balance <= 70,000 301 20,303,520.86 4.78
70,000 < Balance <= 75,000 226 16,390,896.56 3.86
75,000 < Balance <= 80,000 204 15,828,420.53 3.72
80,000 < Balance <= 85,000 152 12,544,845.89 2.95
85,000 < Balance <= 90,000 113 9,919,622.95 2.33
90,000 < Balance <= 95,000 84 7,784,900.57 1.83
95,000 < Balance <= 100,000 96 9,356,560.17 2.20
100,000 < Balance <= 105,000 77 7,890,513.24 1.86
105,000 < Balance <= 110,000 89 9,587,292.15 2.26
110,000 < Balance <= 115,000 70 7,881,722.02 1.85
115,000 < Balance <= 120,000 68 7,988,994.63 1.88
120,000 < Balance <= 125,000 54 6,627,453.21 1.56
125,000 < Balance <= 130,000 37 4,714,660.66 1.11
130,000 < Balance <= 135,000 38 5,028,941.92 1.18
135,000 < Balance <= 140,000 29 3,958,182.54 0.93
140,000 < Balance <= 145,000 25 3,564,280.55 0.84
145,000 < Balance <= 150,000 26 3,831,333.22 0.90
150,000 < Balance <= 200,000 144 24,642,097.33 5.80
200,000 < Balance <= 250,000 42 9,331,547.49 2.20
250,000 < Balance <= 300,000 22 6,012,088.43 1.41
300,000 < Balance <= 350,000 5 1,580,363.04 0.37
350,000 < Balance <= 400,000 3 1,147,682.89 0.27
400,000 < Balance <= 450,000 1 435,891.43 0.10
450,000 < Balance <= 500,000 1 498,641.36 0.12
550,000 < Balance <= 600,000 1 560,346.03 0.13
- --------------------------------------------------------------------------
Total.................... 8361 $424,973,153.03 100.00%
==========================================================================
THIS COLLATERAL TERMSHEET SUPERSEDES ANY PREVIOUS COLLATERAL TERMSHEETS,
AND WILL BE SUPERSEDED BY THE COLLATERAL INFORMATION IN THE PROSPECTUS
SUPPLEMENT.
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH
A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED
FINANCIAL ADVISOR IMMEDIATELY.
<PAGE>
THESE COMPUTATIONALS SUPERCEDE ALL PREVIOUSLY ISSUED VERSIONS
ORIGINAL COMBINED LOAN-TO-VALUE RATIOS
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Original CLTV Ratio Loans Balance Balance
0.000 < CLTV <= 5.000 1 8,728.89 0.00
5.000 < CLTV <= 10.000 3 78,515.76 0.02
10.000 < CLTV <= 15.000 13 186,517.79 0.04
15.000 < CLTV <= 20.000 40 744,903.64 0.18
20.000 < CLTV <= 25.000 50 1,049,150.86 0.25
25.000 < CLTV <= 30.000 66 1,572,518.99 0.37
30.000 < CLTV <= 35.000 83 2,115,427.32 0.50
35.000 < CLTV <= 40.000 98 2,746,281.13 0.65
40.000 < CLTV <= 45.000 128 3,665,547.89 0.86
45.000 < CLTV <= 50.000 195 6,188,486.50 1.46
50.000 < CLTV <= 55.000 198 6,233,039.28 1.47
55.000 < CLTV <= 60.000 266 9,395,520.61 2.21
60.000 < CLTV <= 65.000 329 13,014,638.59 3.06
65.000 < CLTV <= 70.000 499 20,788,108.49 4.89
70.000 < CLTV <= 75.000 799 36,109,773.56 8.50
75.000 < CLTV <= 80.000 1,293 68,250,227.12 16.06
80.000 < CLTV <= 85.000 1,298 72,029,155.25 16.95
85.000 < CLTV <= 90.000 1,209 70,788,875.08 16.66
90.000 < CLTV <= 95.000 791 49,018,631.48 11.53
95.000 < CLTV <= 100.000 1,002 60,989,104.80 14.35
- --------------------------------------------------------------------------
Total.................... 8,361 $424,973,153.03 100.00%
==========================================================================
THIS COLLATERAL TERMSHEET SUPERSEDES ANY PREVIOUS COLLATERAL TERMSHEETS,
AND WILL BE SUPERSEDED BY THE COLLATERAL INFORMATION IN THE PROSPECTUS
SUPPLEMENT.
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH
A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED
FINANCIAL ADVISOR IMMEDIATELY.
<PAGE>
THESE COMPUTATIONALS SUPERCEDE ALL PREVIOUSLY ISSUED VERSIONS
GEOGRAPHICAL DISTRIBUTION OF MORTGAGED PROPERTIES
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
State Loans Balance Balance
Alabama 82 3,747,683.77 0.88
Arizona 67 4,412,204.33 1.04
Arkansas 227 9,438,135.63 2.22
California 224 19,396,538.00 4.56
Colorado 85 6,278,321.25 1.48
Connecticut 53 4,042,891.75 0.95
Delaware 10 629,487.59 0.15
Dist of Col 14 987,259.63 0.23
Florida 446 22,412,210.97 5.27
Georgia 308 16,196,671.58 3.81
Idaho 14 1,016,922.58 0.24
Illinois 220 8,974,407.47 2.11
Indiana 313 13,232,089.82 3.11
Iowa 102 4,680,700.17 1.10
Kansas 2 77,079.76 0.02
Kentucky 216 9,739,518.24 2.29
Louisiana 927 41,484,259.48 9.76
Maine 122 7,103,809.52 1.67
Maryland 73 5,258,387.07 1.24
Massachusetts 52 4,020,183.16 0.95
Michigan 498 20,413,965.65 4.80
Minnesota 45 1,567,983.52 0.37
Mississippi 464 19,743,061.45 4.65
Missouri 142 6,661,530.13 1.57
Montana 1 62,522.74 0.01
Nebraska 33 1,507,181.04 0.35
Nevada 10 795,295.94 0.19
New Hampshire 55 4,351,673.34 1.02
New Jersey 74 6,152,756.01 1.45
New Mexico 51 3,183,253.75 0.75
New York 401 27,494,995.65 6.47
North Carolina 492 25,211,905.88 5.93
North Dakota 4 146,500.00 0.03
Ohio 490 23,849,670.15 5.61
Oklahoma 288 12,121,225.01 2.85
Oregon 35 2,730,547.24 0.64
Pennsylvania 310 14,724,588.14 3.46
Rhode Island 8 740,034.80 0.17
South Carolina 190 8,267,199.47 1.95
Tennessee 403 20,506,696.89 4.83
Texas 289 12,128,956.41 2.85
Utah 41 2,868,079.38 0.67
Vermont 4 286,380.22 0.07
Virginia 97 5,951,343.07 1.40
Washington 44 3,188,903.46 0.75
West Virgina 92 4,354,430.38 1.02
Wisconsin 234 12,522,277.66 2.95
Wyoming 9 311,433.88 0.07
- --------------------------------------------------------------------------
Total............... 8361 $424,973,153.03 100.00%
==========================================================================
THIS COLLATERAL TERMSHEET SUPERSEDES ANY PREVIOUS COLLATERAL TERMSHEETS,
AND WILL BE SUPERSEDED BY THE COLLATERAL INFORMATION IN THE PROSPECTUS
SUPPLEMENT.
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH
A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED
FINANCIAL ADVISOR IMMEDIATELY.
<PAGE>
THESE COMPUTATIONALS SUPERCEDE ALL PREVIOUSLY ISSUED VERSIONS
MORTGAGED PROPERTIES
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Loans Balance Balance
Multiple Unit 2 178,658.40 0.04
Duplex 234 14,418,290.71 3.39
Triplex 21 1,613,022.37 0.38
Fourplex or Quadplex 25 1,754,721.30 0.41
RowHouse 41 1,222,103.48 0.29
Modular Housing 10 567,628.28 0.13
Manufactured Housing 3 216,023.25 0.05
Man.Housing/Moveble/Own Land 4 118,354.21 0.03
Man.House/Perm/Own Land 862 34,847,866.90 8.20
Semi-Detached 2 52,078.97 0.01
PUD 12 1,032,633.52 0.24
Unimprov Land/Comm. 2 190,038.69 0.04
Townhouses 12 753,552.32 0.18
Construction/Lending 7 468,629.62 0.11
Condominiums 101 5,968,240.07 1.40
Single Family Detached 7023 361,571,310.94 85.08
- --------------------------------------------------------------------------
Total............... 8361 $ 424,973,153.03 100.00%
==========================================================================
LOAN SUMMARY STRATIFIED BY
OWNER OCCUPANCY
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Loans Balance Balance
Owner Occupied, 1st Mtg 6861 380,185,331.12 89.46
Part-Owner Occupied, 1st 1 75,900.00 0.02
Non-Owner Occupied, 1st M 513 20,955,622.03 4.93
Second Home, 1st Mtg 10 572,778.72 0.13
Owner Occupied, 2nd Mtg 968 22,676,970.94 5.34
Non-Owner Occupied, 2nd M 5 103,747.22 0.02
Second Home, 2nd Mtg 1 19,103.00 0.00
Multiple Properties, 1st 2 383,700.00 0.09
- --------------------------------------------------------------------------
Total.................. 8361 $ 424,973,153.03 100.00%
==========================================================================
THIS COLLATERAL TERMSHEET SUPERSEDES ANY PREVIOUS COLLATERAL TERMSHEETS,
AND WILL BE SUPERSEDED BY THE COLLATERAL INFORMATION IN THE PROSPECTUS
SUPPLEMENT.
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH
A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED
FINANCIAL ADVISOR IMMEDIATELY.
