<PAGE>
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF THE
SECURITIES AND EXCHANGE ACT OF 1934
Date of Report: February 3, 1999
- ----------------------------------
(Date of earliest event reported)
BEAR STEARNS COMMERCIAL MORTGAGE SECURITIES INC.
--------------------------------------------------------------
(Exact name of registrant as specified in its charter)
DELAWARE 333-61783 3411414
(State or Other Jurisdiction (Commission File Number) (I.R.S. Employer
of Incorporation) Identification No.)
245 Park Avenue, New York, NY 10167
-----------------------------------
(Address of principal executive offices)
Registrant's telephone number, including area code: (212) 272-2000
ITEM 5. OTHER EVENTS
Attached as Exhibit 99.3 to this Current Report are certain
materials (Collateral and Structural Term Sheets and Computational Materials)
furnished to the Registrant by Bear, Stearns & Co. Inc. (the "Underwriter") in
connection with the Registrant's proposed offering of certain classes of its
Commercial Mortgage Pass-Through Certificates, Series 1999-C1 (the
"Certificates"). The Certificates will be offered pursuant to a Prospectus and
related Prospectus Supplement (together, the "Prospectus") which will be filed
with the Commission pursuant to Rule 424 under the Securities Act of 1933, as
amended (the "Act"). The offering of the Certificates will be registered
pursuant to the Act under the Registrant's Registration Statement on Form S-3
(No. 333-61783) (the "Registration Statement"). These Collateral and Structural
Term Sheets and Computational Materials will be incorporated by reference in
the Registration Statement.
The Collateral and Structural Term Sheets and Computational
Materials were prepared solely by the Underwriter, and the Registrant did not
prepare or participate in the preparation thereof.
Any statement or information contained in the Collateral and
Structural Term Sheets and Computational Materials may be modified or
superseded by subsequent similar materials or, for purposes of the Prospectus
and the Registration Statement by statements or information contained in the
Prospectus.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS
(a) Not applicable.
(b) Not applicable.
(c) Exhibits
Exhibit 99.3 Collateral and Structural Term Sheets and Computational
Materials.
<PAGE>
Pursuant to the requirements of the Securities Exchange Act
of 1934, the Registrant has duly caused this report to be signed on behalf of
the Registrant by the undersigned thereunto duly authorized.
BEAR STEARNS COMMERCIAL MORTGAGE
SECURITIES INC.
By: /s/ James G. Reichek
---------------------------------
Name: James G. Reichek
Title: Executive Vice President
Date: February 3, 1999
<PAGE>
EXHIBIT INDEX
Item 601(a) of Regulation S-K
Exhibit No. Description Page
- ----------- ----------- ----
99.3 Collateral and Structural Term Sheets and Computational
Materials
<PAGE>
EXHIBIT 99.3
- -------------------------------------------------------------------------------
STRUCTURAL AND COLLATERAL TERM SHEETS AND COMPUTATIONAL MATERIALS
BEAR STEARNS COMMERCIAL MORTGAGE SECURITIES INC. (DEPOSITOR)
Commercial Mortgage Pass-Through Certificates, Series 1999-C1
- -------------------------------------------------------------------------------
Legend
Prospective investors are advised to read carefully, and should rely
solely on, the information contained in the final prospectus supplement to the
prospectus dated August 18, 1998 relating to certain classes of certificates
referred to above (the "Certificates") in making their investment decision.
The information contained in this Exhibit 99.3 should be reviewed only
in conjunction with a careful review of such prospectus supplement and
prospectus. Such information does not include any information relating to the
structure of the Certificates and does not include all relevant information
relating to the underlying Mortgage Loans. Particular attention should be paid
to the risks and special considerations associated with an investment in the
Certificates described in such prospectus supplement and prospectus. The
information contained in this Exhibit 99.3 should not be viewed as projections,
forecasts, predictions or opinions with respect to value.
Any information contained in this Exhibit 99.3 is subject to
completion or amendment. Furthermore, any information contained in this Exhibit
99.3 will be more fully described in the final prospectus supplement and
prospectus, and such information contained herein will be fully superseded
thereby. Prior to making any investment decision, a prospective investor should
receive and carefully review such prospectus supplement and prospectus.
NOTHING IN THIS EXHIBIT 99.3 SHOULD BE CONSIDERED AN OFFER TO SELL OR A
SOLICITATION OF AN OFFER TO BUY THE CERTIFICATES.
<PAGE>
BEAR STEARNS COMMERCIAL MORTGAGE SECURITIES INC. 1999-C1
- -------------------------------------------------------------------------------
BEAR STEARNS
COMMERCIAL MORTGAGE SECURITIES INC. 1999 - C1
$ 439.8 MM PUBLICLY OFFERED CERTIFICATES
SEQUENTIAL PAY REMIC CLASSES
<TABLE>
<CAPTION>
INITIAL AGGREGATE APPROX.
CERTIFICATE WEIGHTED APPROX.
RATINGS CREDIT BALANCE OR AVERAGE PRINCIPAL
CLASS S&P/MOODY'S SUPPORT NOTIONAL AMOUNT LIFE WINDOW* PRICE TALK */**
<S> <C> <C> <C> <C> <C> <C>
A-1 AAA/Aaa 22.50% $ 89,632,000 5.50 03/99 - 05/08 102-106
A-2 AAA/Aaa 22.50% $280,821,086 9.75 05/08 - 02/09 118-123
B AA/Aa2 17.50% $ 23,900,199 11.10 02/09 - 07/12 133-138
C A/A2 13.75% $ 17,925,149 14.34 07/12 - 09/13 170-180
D ***/Baa 9.25% $ 21,510,179 14.67 09/13 - 10/13 250-265
E ***/Baa3 8.00% $ 5,975,050 14.68 10/13 - 10/13 325-350
</TABLE>
* Assuming no prepayments (other than on the Anticipated Repayment Date, if
any), modifications, losses, extensions, clean-up calls and that all Loans
balloon at maturity or Anticipated Repayment Date.
** Basis points over the interpolated treasury curve.
TRADING: COMMERCIAL MORTGAGE:
JIM HIGGINS/KEITH FLOOD/CRAIG SEDMAK JIM REICHEK/RANDY REIFF
(212) 272-5451 (212) 272-2345/(212) 272-3049
- -------------------------------------------------------------------------------
THIS INFORMATION SHOULD BE CONSIDERED ONLY AFTER READING BEAR STEARNS'
STATEMENT REGARDING ASSUMPTIONS AS TO SECURITIES, PRICING ESTIMATES, AND OTHER
INFORMATION ("THE STATEMENT") WHICH SHOULD BE ATTACHED. DO NOT USE OR RELY ON
THIS INFORMATION IF YOU HAVE NOT RECEIVED AND REVIEWED THIS STATEMENT. YOU MAY
OBTAIN A COPY OF THE STATEMENT FROM YOUR SALES REPRESENTATIVE. The
Underwriters make no representations as to the accuracy or completeness of the
information contained herein. The information contained herein is qualified in
its entirety by the information in the Prospectus and Prospectus Supplement for
this transaction. The information contained herein is preliminary as of the
date hereof and will be superseded by the applicable final Prospectus and
Prospectus Supplement and any other information subsequently filed with the
Securities and Exchange Commission. These materials are subject to change,
completion, or amendment from time to time without notice, and the Underwriters
are under no obligation to keep you advised of such changes. These materials
are not intended as an offer or solicitation with respect to the purchase or
sale of any security. Any investment decision with respect to the securities
should be made by you based upon the information contained in the final
Prospectus Supplement and Prospectus relating to the securities. You should
consult your own counsel, accountant, and other advisors as to the legal, tax,
business, financial and related aspects of a purchase of these securities.
<PAGE>
JANUARY 26, 1999 C1
BEAR STEARNS & CO. 12:18 PM EST
CAPUTO BSCMS-EXT3 PAGE 1 OF 1
- -------------------------------------------------------------------------------
BSCMS-EXT3 CLASS A2 (A2 ) AAA RATED TRANCHE
ORIG BAL 280,821,086 FAC 1.00000 COUP 6.030 MAT / /
WAC-7.081(7.138) WAM-11/2025(322)
PRICE/YIELD VIEW Fact Thru 09/9999 Hist Coupons
SETTLE DATE 10-Feb-1999 CURVE DATE 26-Jan-1999 Tranche: A2 (A2 )
50% 5yr. extension
- -----------------------------
PRICE 0% CPP PREPAY
LOSSES
4.472% 1YR_TRES
11.7844 AVG. LIFE
07/08 1ST PRIN
11/13 LAST PRIN
- -----------------------------
101: 0 5.958 Yield
8.18 Duration
- -----------------------------
101: 4 5.943 Yield
8.18 Duration
- -----------------------------
101: 8 5.928 Yield
8.18 Duration
- -----------------------------
101:12 5.913 Yield
8.19 Duration
- -----------------------------
101:16 5.898 Yield
8.19 Duration
- -----------------------------
101:20 5.883 Yield
8.19 Duration
- -----------------------------
101:24 5.868 Yield
8.20 Duration
- -----------------------------
101:28 5.853 Yield
8.20 Duration
- -----------------------------
102: 0 5.838 Yield
8.20 Duration
- -----------------------------
- -------------------------------------------------------------------------------
This information should be considered only after reading Bear Stearns'
Statement Regarding Assumptions as to Securities, Pricing Estimates, and Other
Information ("the Statement"), which should be attached. Do not use or rely on
this information if you have not received and reviewed the Statement. You may
obtain a copy of the Statement from your sales representative.
<PAGE>
JANUARY 26, 1999
BEAR STEARNS & CO. 11:53 AM EST
CAPUTO BSCMS-EXT2 PAGE 1 OF 1
- -------------------------------------------------------------------------------
BSCMS-EXT2 CLASS A2 (A2 ) AAA RATED TRANCHE
ORIG BAL 280,821,086 FAC 1.00000 COUP 6.030 MAT / /
WAC- 7.081( 7.138) WAM-11/2025(322)
PRICE/YIELD VIEW Fact Thru 09/9999 Hist Coupons
SETTLE DATE 10-Feb-1999 CURVE DATE 26-Jan-1999 Tranche: A2 (A2 )
50% extend 3 years
- -----------------------------
PRICE 0% CPP PREPAY
LOSSES
4.472% 1YR_TRES
11.0687 AVG. LIFE
07/08 1ST PRIN
01/12 LAST PRIN
- -----------------------------
101: 0 5.952 Yield
7.86 Duration
- -----------------------------
101: 4 5.936 Yield
7.87 Duration
- -----------------------------
101: 8 5.921 Yield
7.87 Duration
- -----------------------------
101:12 5.905 Yield
7.87 Duration
- -----------------------------
101:16 5.889 Yield
7.88 Duration
- -----------------------------
101:20 5.874 Yield
7.88 Duration
- -----------------------------
101:24 5.858 Yield
7.88 Duration
- -----------------------------
101:28 5.843 Yield
7.88 Duration
- -----------------------------
102: 0 5.827 Yield
7.89 Duration
- -----------------------------
- -------------------------------------------------------------------------------
This information should be considered only after reading Bear Stearns'
Statement Regarding Assumptions as to Securities, Pricing Estimates, and Other
Information ("the Statement"), which should be attached. Do not use or rely on
this information if you have not received and reviewed the Statement. You may
obtain a copy of the Statement from your sales representative.
<PAGE>
JANUARY 26, 1999
BEAR STEARNS & CO. 01:52 AM EST
CAPUTO BSCMS-DEFBL PAGE 1 OF 1
- -------------------------------------------------------------------------------
BSCMS-DEFBL CLASS D (D ) BBB RATED SUB
ORIG BAL 21,510,179 FAC 1.00000 COUP 6.600 MAT / /
WAC- 7.081( 7.138) WAM-11/2025(322)
PRICE/YIELD VIEW Fact Thru 09/9999 Hist Coupons
SETTLE DATE 10-Feb-1999 CURVE DATE 26-Jan-1999 Tranche: D (D )
50% Balloon Default with 50% Severity
- -----------------------------
PRICE 0% CPP PREPAY
LOSSES
4.4747% 1YR_TRES
14.6778 AVG. LIFE
10/13 1ST PRIN
10/13 LAST PRIN
- -----------------------------
93:29 7.360 Yield
8.94 Duration
- -----------------------------
94: 1 7.345 Yield
8.94 Duration
- -----------------------------
94: 5 7.330 Yield
8.95 Duration
- -----------------------------
94: 9 7.315 Yield
8.95 Duration
- -----------------------------
94:13 7.300 Yield
8.95 Duration
- -----------------------------
94:17 7.286 Yield
8.96 Duration
- -----------------------------
94:21 7.271 Yield
8.96 Duration
- -----------------------------
94:25 7.256 Yield
8.97 Duration
- -----------------------------
94:29 7.242 Yield
8.97 Duration
- -----------------------------
- -------------------------------------------------------------------------------
This information should be considered only after reading Bear Stearns'
Statement Regarding Assumptions as to Securities, Pricing Estimates, and Other
Information ("the Statement"), which should be attached. Do not use or rely on
this information if you have not received and reviewed the Statement. You may
obtain a copy of the Statement from your sales representative.
<PAGE>
JANUARY 26, 1999
BEAR STEARNS & CO. 02:01 PM EST
CAPUTO BSCMS-DEFBL PAGE 1 OF 1
- -------------------------------------------------------------------------------
BSCMS-DEFBL Class D (D ) BBB Rated Sub
Orig Bal 21,510,179 Fac 1.00000 Coup 6.600 Mat / /
Wac- 7.081( 7.138) WAM-11/2025(322)
PRICE/YIELD VIEW Fact Thru 09/9999 Hist Coupons
SETTLE DATE 10-Feb-99 CURVE DATE 26-Jan-1999 Tranche: D (D )
10% Balloon Default with 50% Severity
- -----------------------------
PRICE 0% CPP PREPAY
LOSSES
4.4774% 1YR_TRES
14.7081 AVG. LIFE
10/13 1ST PRIN
11/13 LAST PRIN
- -----------------------------
93:29 7.359 Yield
8.95 Duration
- -----------------------------
94: 1 7.344 Yield
8.95 Duration
- -----------------------------
94: 5 7.329 Yield
8.96 Duration
- -----------------------------
94: 9 7.314 Yield
8.96 Duration
- -----------------------------
94:13 7.300 Yield
8.97 Duration
- -----------------------------
94:17 7.285 Yield
8.97 Duration
- -----------------------------
94:21 7.270 Yield
8.97 Duration
- -----------------------------
94:25 7.256 Yield
8.98 Duration
- -----------------------------
94:29 7.241 Yield
8.98 Duration
- -----------------------------
- -------------------------------------------------------------------------------
This information should be considered only after reading Bear Stearns'
Statement Regarding Assumptions as to Securities, Pricing Estimates, and Other
Information ("the Statement"), which should be attached. Do not use or rely on
this information if you have not received and reviewed the Statement. You may
obtain a copy of the Statement from your sales representative.
<PAGE>
January 26, 1999
BEAR STEARNS & CO. 01:04 PM EST
CAPUTO BSCMS-DEFBL PAGE 1 OF 1
- -------------------------------------------------------------------------------
BSCMS-DEFBL CLASS D (D ) BBB RATED SUB
ORIG BAL 21,510,179 FAC 1.00000 COUP 6.600 MAT / /
WAC- 7.081( 7.138) WAM-11/2025(322)
PRICE/YIELD VIEW Fact Thru 09/9999 Hist Coupons
SETTLE DATE 10-Feb-1999 CURVE DATE 26-Jan-1999 Tranche: D (D )
15% Balloon Default with 50% Severity
- -----------------------------
PRICE 0% CPP PREPAY
LOSSES
4.4774% 1YR_TRES
14.7407 AVG. LIFE
10/13 1ST PRIN
11/13 LAST PRIN
- -----------------------------
93:29 7.358 Yield
8.96 Duration
- -----------------------------
94: 1 7.343 Yield
8.96 Duration
- -----------------------------
94: 5 7.328 Yield
8.97 Duration
- -----------------------------
94: 9 7.314 Yield
8.97 Duration
- -----------------------------
94:13 7.299 Yield
8.98 Duration
- -----------------------------
94:17 7.284 Yield
8.98 Duration
- -----------------------------
94:21 7.269 Yield
8.99 Duration
- -----------------------------
94:25 7.255 Yield
8.99 Duration
- -----------------------------
94:29 7.240 Yield
8.99 Duration
- -----------------------------
- -------------------------------------------------------------------------------
This information should be considered only after reading Bear Stearns'
Statement Regarding Assumptions as to Securities, Pricing Estimates, and Other
Information ("the Statement"), which should be attached. Do not use or rely on
this information if you have not received and reviewed the Statement. You may
obtain a copy of the Statement from your sales representative.
<PAGE>
JANUARY 26, 1999
BEAR STEARNS & CO. 02:08 PM EST
CAPUTO BSCMS-DEFBL PAGE 1 OF 1
- -------------------------------------------------------------------------------
BSCMS-DEFBL CLASS D (D ) BBB RATED SUB
ORIG BAL 21,510,179 FAC 1.00000 COUP 6.600 MAT / /
WAC- 7.081( 7.138) WAM-11/2025(322)
PRICE/YIELD VIEW Fact Thru 09/9999 Hist Coupons
SETTLE DATE 10-Feb-1999 CURVE DATE 26-Jan-1999 Tranche: D (D)
20% Balloon Default with 50% Severity
- -----------------------------
PRICE 0% CPP PREPAY
LOSSES
4.4774% 1YR_TRES
14.7941 AVG. LIFE
11/13 1ST PRIN
01/14 LAST PRIN
- -----------------------------
93:29 7.357 Yield
8.98 Duration
- -----------------------------
94: 1 7.342 Yield
8.98 Duration
- -----------------------------
94: 5 7.327 Yield
8.99 Duration
- -----------------------------
94: 9 7.312 Yield
8.99 Duration
- -----------------------------
94:13 7.298 Yield
9.00 Duration
- -----------------------------
94:17 7.283 Yield
9.00 Duration
- -----------------------------
94:21 7.268 Yield
9.00 Duration
- -----------------------------
94:25 7.254 Yield
9.01 Duration
- -----------------------------
94:29 7.239 Yield
9.01 Duration
- -----------------------------
- -------------------------------------------------------------------------------
This information should be considered only after reading Bear Stearns'
Statement Regarding Assumptions as to Securities, Pricing Estimates, and Other
Information ("the Statement"), which should be attached. Do not use or rely on
this information if you have not received and reviewed the Statement. You may
obtain a copy of the Statement from your sales representative.
<PAGE>
JANUARY 26, 1999
BEAR STEARNS & CO. 01:11 PM EST
CAPUTO BSCMS-DEFBL PAGE 1 OF 1
- -------------------------------------------------------------------------------
BSCMS-DEFBL CLASS D (D ) BBB RATED SUB
ORIG BAL 21,510,179 FAC 1.00000 COUP 6.600 MAT / /
WAC- 7.081( 7.138) WAM-11/2025(322)
PRICE/YIELD VIEW Fact Thru 09/9999 Hist Coupons
SETTLE DATE 10-Feb-1999 CURVE DATE 26-Jan-1999 Tranche D: (D )
25% Balloon Default with 50% Severity
- -----------------------------
PRICE 0% CPP PREPAY
LOSSES
4.4774% 1YR_TRES
15.7600 AVG. LIFE
11/13 1ST PRIN
08/18 LAST PRIN
- -----------------------------
93:29 7.093 Yield
9.23 Duration
- -----------------------------
94: 1 7.078 Yield
9.23 Duration
- -----------------------------
94: 5 7.064 Yield
9.24 Duration
- -----------------------------
94: 9 7.050 Yield
9.24 Duration
- -----------------------------
94:13 7.035 Yield
9.25 Duration
- -----------------------------
94:17 7.021 Yield
9.25 Duration
- -----------------------------
94:21 7.007 Yield
9.26 Duration
- -----------------------------
94:25 6.993 Yield
9.26 Duration
- -----------------------------
94:29 6.979 Yield
9.27 Duration
- -----------------------------
- -------------------------------------------------------------------------------
This information should be considered only after reading Bear Stearns'
Statement Regarding Assumptions as to Securities, Pricing Estimates, and Other
Information ("the Statement"), which should be attached. Do not use or rely on
this information if you have not received and reviewed the Statement. You may
obtain a copy of the Statement from your sales representative.
<PAGE>
January 26, 1999
BEAR STEARNS & CO. 10:20 AM EST
CAPUTO BSCMS-99C1B PAGE 1 OF 1
- -------------------------------------------------------------------------------
BSCMS-99C1B CLASS A1 (A1 ) AAA RATED TRANCHE
ORIG BAL 89,632,000 FAC 1.00000 COUP 5.920 MAT / /
WAC- 7.081( 7.138) WAM-11/2025(322)
PRICE/YIELD VIEW Fact Thru 09/9999 Hist Coupons Adv(P&I)
SETTLE DATE 10-Feb-1999 CURVE DATE 26-Jan-1999 Tranche: A1 (A1 )
- --------------------------------
PRICE 0% CPP PREPAY
12L70R200BCDR LOSSES
4.472% 1YR_TRES
3.8842 AVG. LIFE
03/99 1ST PRIN
02/06 LAST PRIN
- --------------------------------
101: 0 5.628 Yield
3.31 Duration
- --------------------------------
101: 4 5.591 Yield
3.32 Duration
- --------------------------------
101: 8 5.554 Yield
3.32 Duration
- --------------------------------
101:12 5.517 Yield
3.32 Duration
- --------------------------------
101:16 5.480 Yield
3.32 Duration
- --------------------------------
101:20 5.443 Yield
3.32 Duration
- --------------------------------
101:24 5.406 Yield
3.33 Duration
- --------------------------------
101:28 5.369 Yield
3.33 Duration
- --------------------------------
102: 0 5.332 Yield
3.33 Duration
- --------------------------------
- -------------------------------------------------------------------------------
This information should be considered only after reading Bear Stearns'
Statement Regarding Assumptions as to Securities, Pricing Estimates, and Other
Information ("the Statement"), which should be attached. Do not use or rely on
this information if you have not received and reviewed the Statement. You may
obtain a copy of the Statement from your sales representative.
<PAGE>
JANUARY 26, 1999
BEAR STEARNS & CO. 10:21 AM EST
CAPUTO BSCMS-99C1B PAGE 1 OF 1
- -------------------------------------------------------------------------------
BSCMS-99C1B CLASS A2 (A2 ) AAA RATED TRANCHE
ORIG BAL 280,821,086 FAC 1.00000 COUP 6.030 MAT / /
WAC- 7.081( 7.138) WAM-11/2025(322)
PRICE/YIELD VIEW Fact Thru 09/9999 Hist Coupons Adv(P&I)
SETTLE DATE 10-Feb-1999 CURVE DATE 26-Jan-1999 Tranche A2 (A2 )
- ---------------------------------
PRICE 0% CPP PREPAY
12L70R200BCDR LOSSES
4.472% 1YR_TRES
9.5400 AVG. LIFE
02/06 1ST PRIN
02/09 LAST PRIN
- ---------------------------------
101: 0 5.935 Yield
7.08 Duration
- ---------------------------------
101: 4 5.918 Yield
7.08 Duration
- ---------------------------------
101: 8 5.900 Yield
7.09 Duration
- ---------------------------------
101:12 5.883 Yield
7.09 Duration
- ---------------------------------
101:16 5.865 Yield
7.09 Duration
- ---------------------------------
101:20 5.848 Yield
7.09 Duration
- ---------------------------------
101:24 5.831 Yield
7.10 Duration
- ---------------------------------
101:28 5.814 Yield
7.10 Duration
- ---------------------------------
102: 0 5.796 Yield
7.10 Duration
- ---------------------------------
- -------------------------------------------------------------------------------
This information should be considered only after reading Bear Stearns'
Statement Regarding Assumptions as to Securities, Pricing Estimates, and Other
Information ("the Statement"), which should be attached. Do not use or rely on
this information if you have not received and reviewed the Statement. You may
obtain a copy of the Statement from your sales representative.
<PAGE>
JANUARY 26, 1999
BEAR STEARNS & CO. 10:21 PM EST
CAPUTO BSCMS-99C1B PAGE 1 OF 1
- -------------------------------------------------------------------------------
BSCMS-99C1B CLASS B (B ) AA RATED SUB
ORIG BAL 23,900,199 FAC 1.00000 COUP 6.190 MAT / /
WAC- 7.081( 7.138) WAM-11/2025(322)
PRICE/YIELD VIEW Fact Thru 09/9999 Hist Coupons Adv(P&I)
SETTLE DATE 10-Feb-1999 CURVE DATE 26-Jan-1999 Tranche: B (B )
- ---------------------------------
PRICE 0% CPP PREPAY
12L70R200BCDR LOSSES
4.472% 1YR_TRES
11.9064 AVG. LIFE
02/09 1ST PRIN
05/13 LAST PRIN
- ---------------------------------
101: 0 6.122 Yield
8.20 Duration
- ---------------------------------
101: 4 6.107 Yield
8.21 Duration
- ---------------------------------
101: 8 6.092 Yield
8.21 Duration
- ---------------------------------
101:12 6.077 Yield
8.21 Duration
- ---------------------------------
101:16 6.062 Yield
8.21 Duration
- ---------------------------------
101:20 6.047 Yield
8.22 Duration
- ---------------------------------
101:24 6.032 Yield
8.22 Duration
- ---------------------------------
101:28 6.017 Yield
8.22 Duration
- ---------------------------------
102: 0 6.002 Yield
8.23 Duration
- ---------------------------------
- -------------------------------------------------------------------------------
This information should be considered only after reading Bear Stearns'
Statement Regarding Assumptions as to Securities, Pricing Estimates, and Other
Information ("the Statement"), which should be attached. Do not use or rely on
this information if you have not received and reviewed the Statement. You may
obtain a copy of the Statement from your sales representative.
<PAGE>
JANUARY 26, 1999
BEAR STEARNS & CO. 12:21 PM EST
CAPUTO BSCMS-99C1B PAGE 1 OF 1
- -------------------------------------------------------------------------------
BSCMS-99C1B CLASS C (C ) A RATED SUB
ORIG BAL 17,925,149 FAC 1.00000 COUP 6.600 MAT / /
WAC- 7.081( 7.138) WAM-11/2025(322)
PRICE/YIELD VIEW Fact Thru 09/9999 Hist Coupons Adv(P&I)
SETTLE DATE 10-Feb-1999 CURVE DATE 26-Jan-1999 Tranche: C (C )
- ---------------------------------
PRICE 0% CPP PREPAY
12L70R200BCDR LOSSES
4.472% 1YR_TRES
14.5702 AVG. LIFE
05/13 1ST PRIN
10/13 LAST PRIN
- ---------------------------------
101: 0 6.556 Yield
9.14 Duration
- ---------------------------------
101: 4 6.543 Yield
9.14 Duration
- ---------------------------------
101: 8 6.529 Yield
9.15 Duration
- ---------------------------------
101:12 6.516 Yield
9.15 Duration
- ---------------------------------
101:16 6.502 Yield
9.15 Duration
- ---------------------------------
101:20 6.489 Yield
9.16 Duration
- ---------------------------------
101:24 6.476 Yield
9.16 Duration
- ---------------------------------
101:28 6.462 Yield
9.17 Duration
- ---------------------------------
102: 0 6.449 Yield
9.17 Duration
- ---------------------------------
- -------------------------------------------------------------------------------
This information should be considered only after reading Bear Stearns'
Statement Regarding Assumptions as to Securities, Pricing Estimates, and Other
Information ("the Statement"), which should be attached. Do not use or rely on
this information if you have not received and reviewed the Statement. You may
obtain a copy of the Statement from your sales representative.
<PAGE>
JANUARY 26, 1999
BEAR STEARNS & CO. 12:23 PM EST
CAPUTO BSCMS-99C1B PAGE 1 OF 1
- -------------------------------------------------------------------------------
BSCMS-99C1B CLASS D (D ) BBB RATED SUB
ORIG BAL 21,510,179 FAC 1.00000 COUP 6.600 MAT / /
WAC- 7.081( 7.138) WAM-11/2025(322)
PRICE/YIELD VIEW Fact Thru 09/9999 Hist Coupons Adv(P&I)
SETTLE DATE 10-Feb-1999 CURVE DATE 26-Jan-1999 Tranche: D (D )
- --------------------------------
PRICE 0% CPP PREPAY
12L70R200BCDR LOSSES
4.472% 1YR_TRES
14.7022 AVG. LIFE
10/13 1ST PRIN
11/13 LAST PRIN
- --------------------------------
93:29 7.359 Yield
8.95 Duration
- --------------------------------
94: 1 7.344 Yield
8.95 Duration
- --------------------------------
94: 5 7.329 Yield
8.95 Duration
- --------------------------------
94: 9 7.315 Yield
8.96 Duration
- --------------------------------
94:13 7.300 Yield
8.96 Duration
- --------------------------------
94:17 7.285 Yield
8.97 Duration
- --------------------------------
94:21 7.270 Yield
8.97 Duration
- --------------------------------
94:25 7.256 Yield
8.98 Duration
- --------------------------------
94:29 7.241 Yield
8.98 Duration
- --------------------------------
- -------------------------------------------------------------------------------
This information should be considered only after reading Bear Stearns'
Statement Regarding Assumptions as to Securities, Pricing Estimates, and Other
Information ("the Statement"), which should be attached. Do not use or rely on
this information if you have not received and reviewed the Statement. You may
obtain a copy of the Statement from your sales representative.
<PAGE>
JANUARY 26, 1999
BEAR STEARNS & CO. 12:23 PM EST
CAPUTO BSCMS-99C1B PAGE 1 OF 1
- -------------------------------------------------------------------------------
BSCMS-99C1B CLASS E (E ) BBB- RATED SUB
ORIG BAL 5,975,050 FAC 1.00000 COUP 6.600 MAT / /
WAC- 7.081( 7.138) WAM-11/2025(322)
PRICE/YIELD VIEW Fact Thru 09/9999 Hist Coupons Adv(P&I)
SETTLE DATE 10-Feb-1999 CURVE DATE 26-Jan-1999 Tranche: E (E )
- --------------------------------
PRICE 0% CPP PREPAY
12L70R200BCDR LOSSES
4.472% 1YR_TRES
14.7611 AVG. LIFE
11/13 1ST PRIN
11/13 LAST PRIN
- --------------------------------
87:26 8.114 Yield
8.74 Duration
- --------------------------------
87:30 8.098 Yield
8.74 Duration
- --------------------------------
88: 2 8.082 Yield
8.75 Duration
- --------------------------------
88: 6 8.065 Yield
8.75 Duration
- --------------------------------
88:10 8.049 Yield
8.76 Duration
- --------------------------------
88:14 8.033 Yield
8.76 Duration
- --------------------------------
88:18 8.017 Yield
8.76 Duration
- --------------------------------
88:22 8.001 Yield
8.77 Duration
- --------------------------------
88:26 7.985 Yield
8.77 Duration
- --------------------------------
- -------------------------------------------------------------------------------
This information should be considered only after reading Bear Stearns'
Statement Regarding Assumptions as to Securities, Pricing Estimates, and Other
Information ("the Statement"), which should be attached. Do not use or rely on
this information if you have not received and reviewed the Statement. You may
obtain a copy of the Statement from your sales representative.
<PAGE>
JANUARY 25, 1999
BEAR STEARNS & CO. 05:22 PM EST
CAPUTO BSCMS-EXT1Y PAGE 1 OF 1
- -------------------------------------------------------------------------------
BSCMS-EXT1Y CLASS C (C ) A RATED SUB
ORIG BAL 17,925,149 FAC 1.00000 COUP 6.600 MAT / /
WAC- 7.081( 7.138) WAM-11/2025(322)
PRICE/YIELD VIEW Fact Thru 09/9999 Hist Coupons
SETTLE DATE 10-Feb-1999 CURVE DATE 25-Jan-1999 Tranche: C (C )
1 year extension all Loans
- -----------------------------
PRICE 0% CPP PREPAY
LOSSES
4.47243% 1YR_TRES
14.8953 AVG. LIFE
07/12 1ST PRIN
08/14 LAST PRIN
- -----------------------------
101: 0 6.558 Yield
9.25 Duration
- -----------------------------
101: 4 6.545 Yield
9.26 Duration
- -----------------------------
101: 8 6.531 Yield
9.26 Duration
- -----------------------------
101:12 6.518 Yield
9.27 Duration
- -----------------------------
101:16 6.505 Yield
9.27 Duration
- -----------------------------
101:20 6.492 Yield
9.27 Duration
- -----------------------------
101:24 6.478 Yield
9.28 Duration
- -----------------------------
101:28 6.465 Yield
9.28 Duration
- -----------------------------
102: 0 6.452 Yield
9.29 Duration
- -----------------------------
- -------------------------------------------------------------------------------
This information should be considered only after reading Bear Stearns'
Statement Regarding Assumptions as to Securities, Pricing Estimates, and Other
Information ("the Statement"), which should be attached. Do not use or rely on
this information if you have not received and reviewed the Statement. You may
obtain a copy of the Statement from your sales representative.
<PAGE>
JANUARY 25, 1999
BEAR STEARNS & CO. 05:23 PM EST
CAPUTO BSCMS-EXT1Y PAGE 1 OF 1
- -------------------------------------------------------------------------------
BSCMS-EXT1Y CLASS D (D ) BBB RATED SUB
ORIG BAL 21,510,179 FAC 1.00000 COUP 6.600 MAT / /
WAC- 7.081( 7.138) WAM-11/2025(322)
PRICE/YIELD VIEW Fact Thru 09/9999 Hist Coupons
SETTLE DATE 10-Feb-1999 CURVE DATE 25-Jan-1999 Tranche: D (D )
1 year extension all Balloons
- -----------------------------
PRICE 0% CPP PREPAY
LOSSES
4.47243% 1YR_TRES
15.6440 AVG. LIFE
08/14 1ST PRIN
10/14 LAST PRIN
- -----------------------------
93:29 7.336 Yield
9.26 Duration
- -----------------------------
94: 1 7.321 Yield
9.27 Duration
- -----------------------------
94: 5 7.307 Yield
9.27 Duration
- -----------------------------
94: 9 7.293 Yield
9.28 Duration
- -----------------------------
94:13 7.278 Yield
9.28 Duration
- -----------------------------
94:17 7.264 Yield
9.29 Duration
- -----------------------------
94:21 7.250 Yield
9.29 Duration
- -----------------------------
94:25 7.236 Yield
9.30 Duration
- -----------------------------
94:29 7.222 Yield
9.30 Duration
- -----------------------------
- -------------------------------------------------------------------------------
This information should be considered only after reading Bear Stearns'
Statement Regarding Assumptions as to Securities, Pricing Estimates, and Other
Information ("the Statement"), which should be attached. Do not use or rely on
this information if you have not received and reviewed the Statement. You may
obtain a copy of the Statement from your sales representative.
<PAGE>
JANUARY 25, 1999
BEAR STEARNS & CO. 05:24 PM EST
CAPUTO BSCMS-EXT1Y PAGE 1 OF 1
- -------------------------------------------------------------------------------
BSCMS-EXT1Y CLASS E (E ) BBB- RATED SUB
ORIG BAL 5,975,050 FAC 1.00000 COUP 6.600 MAT / /
WAC- 7.081( 7.138) WAM-11/2025(322)
PRICE/YIELD VIEW Fact Thru 09/9999 Hist Coupons
SETTLE DATE 10-Feb-1999 CURVE DATE 25-Jan-1999 Tranche: E (E )
1 year extension all Balloons
- -----------------------------
PRICE 0% CPP PREPAY
LOSSES
4.47243% 1YR_TRES
15.6778 AVG. LIFE
10/14 1ST PRIN
10/14 LAST PRIN
- -----------------------------
87:26 8.067 Yield
9.03 Duration
- -----------------------------
87:30 8.051 Yield
9.03 Duration
- -----------------------------
88: 2 8.035 Yield
9.04 Duration
- -----------------------------
88: 6 8.020 Yield
9.04 Duration
- -----------------------------
88:10 8.004 Yield
9.05 Duration
- -----------------------------
88:14 7.988 Yield
9.05 Duration
- -----------------------------
88:18 7.973 Yield
9.06 Duration
- -----------------------------
88:22 7.957 Yield
9.06 Duration
- -----------------------------
88:26 7.942 Yield
9.07 Duration
- -----------------------------
- -------------------------------------------------------------------------------
This information should be considered only after reading Bear Stearns'
Statement Regarding Assumptions as to Securities, Pricing Estimates, and Other
Information ("the Statement"), which should be attached. Do not use or rely on
this information if you have not received and reviewed the Statement. You may
obtain a copy of the Statement from your sales representative.
<PAGE>
JANUARY 25, 1999
BEAR STEARNS & CO. 03:36 PM EST
CAPUTO BSCMS-EXT PAGE 1 OF 1
- -------------------------------------------------------------------------------
BSCMS-EXT CLASS A1 (A1 ) AAA RATED TRANCHE
ORIG BAL 89,632,000 FAC 1.00000 COUP 5.920 MAT / /
WAC- 7.081( 7.138) WAM-11/2025(322)
PRICE/YIELD VIEW Fact Thru 09/9999 Hist Coupons
SETTLE DATE 10-Feb-1999 CURVE DATE 25-Jan-1999 Tranche: A1 (A1 )
100% extend 3 years
- -----------------------------
PRICE 0% CPP PREPAY
LOSSES
4.47243% 1YR_TRES
5.6651 AVG. LIFE
03/99 1ST PRIN
02/09 LAST PRIN
- -----------------------------
101: 0 5.727 Yield
4.54 Duration
- -----------------------------
101: 4 5.700 Yield
4.55 Duration
- -----------------------------
101: 8 5.673 Yield
4.55 Duration
- -----------------------------
101:12 5.646 Yield
4.55 Duration
- -----------------------------
101:16 5.619 Yield
4.56 Duration
- -----------------------------
101:20 5.592 Yield
4.56 Duration
- -----------------------------
101:24 5.565 Yield
4.56 Duration
- -----------------------------
101:28 5.538 Yield
4.56 Duration
- -----------------------------
102: 0 5.511 Yield
4.57 Duration
- -----------------------------
- -------------------------------------------------------------------------------
This information should be considered only after reading Bear Stearns'
Statement Regarding Assumptions as to Securities, Pricing Estimates, and Other
Information ("the Statement"), which should be attached. Do not use or rely on
this information if you have not received and reviewed the Statement. You may
obtain a copy of the Statement from your sales representative.
<PAGE>
JANUARY 25, 1999
BEAR STEARNS & CO. 03:63 PM EST
CAPUTO BSCMS-EXT PAGE 1 OF 1
- -------------------------------------------------------------------------------
BSCMS-EXT CLASS A2 (A2 ) AAA RATED TRANCHE
ORIG BAL 280,821,086 FAC 1.00000 COUP 6.030 MAT / /
WAC- 7.081( 7.138) WAM-11/2025(322)
PRICE/YIELD VIEW Fact Thru 09/9999 Hist Coupons
SETTLE DATE 10-Feb-1999 CURVE DATE 25-Jan-1999 Tranche: A2 (A2 )
100% extend 3 years
- -----------------------------
PRICE 0% CPP PREPAY
LOSSES
4.47273% 1YR_TRES
12.5393 AVG. LIFE
02/09 1ST PRIN
02/12 LAST PRIN
- -----------------------------
101: 0 5.965 Yield
8.60 Duration
- -----------------------------
101: 4 5.951 Yield
8.60 Duration
- -----------------------------
101: 8 5.936 Yield
8.60 Duration
- -----------------------------
101:12 5.922 Yield
8.61 Duration
- -----------------------------
101:16 5.908 Yield
8.61 Duration
- -----------------------------
101:20 5.894 Yield
8.61 Duration
- -----------------------------
101:24 5.879 Yield
8.62 Duration
- -----------------------------
101:28 5.865 Yield
8.62 Duration
- -----------------------------
102: 0 5.851 Yield
8.62 Duration
- -----------------------------
- -------------------------------------------------------------------------------
This information should be considered only after reading Bear Stearns'
Statement Regarding Assumptions as to Securities, Pricing Estimates, and Other
Information ("the Statement"), which should be attached. Do not use or rely on
this information if you have not received and reviewed the Statement. You may
obtain a copy of the Statement from your sales representative.
<PAGE>
JANUARY 21, 1999
BEAR STEARNS & CO. 08:31 PM EST
CAPUTO BSCMS-99C1B PAGE 1 OF 1
- -------------------------------------------------------------------------------
BSCMS-99C1B CLASS X1 (X1 ) AAA RATED INTEREST ONLY
ORIG BAL 478,003,982 FAC 1.00000 COUP 0.472 MAT / /
WAC- 7.081( 7.137) WAM-11/2025(322)
PRICE/YIELD VIEW *No Prepay During Yield Mat. *Fact Thru 09/9999 Hist Coupons
SETTLE DATE 10-Feb-1999 CURVE DATE 21-Jan-1999 Tranche: X1 (X1 )
<TABLE>
<CAPTION>
- -------------------------------------------------------------------------------------
PRICE 0% CPP 10% CPP 20% CPP 30% CPP 40% CPP 50% CPP 100% CPP PREPAY
LOSSES
4.47943% 4.47943% 4.47943% 4.47943% 4.47943% 4.47943% 4.47943% 1YR_TRES
AVG. LIFE
9.9176 9.9175 9.9173 9.9170 9.9168 9.9165 9.9085 PRIN WIN
- -------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
7: 9+ 8.383 8.383 8.383 8.383 8.383 8.383 8.376 Yield
4.25 4.25 4.25 4.25 4.25 4.25 4.25 Duration
- -------------------------------------------------------------------------------------
7:10 8.333 8.333 8.333 8.333 8.333 8.332 8.326 Yield
4.26 4.26 4.26 4.26 4.26 4.26 4.26 Duration
- -------------------------------------------------------------------------------------
7:10+ 8.283 8.283 8.283 8.283 8.283 8.282 8.276 Yield
4.26 4.26 4.26 4.26 4.26 4.26 4.26 Duration
- -------------------------------------------------------------------------------------
7:11 8.233 8.233 8.233 8.233 8.233 8.233 8.226 Yield
4.27 4.27 4.27 4.27 4.27 4.27 4.27 Duration
- -------------------------------------------------------------------------------------
7:11+ 8.184 8.183 8.183 8.183 8.183 8.183 8.176 Yield
4.27 4.27 4.27 4.27 4.27 4.27 4.27 Duration
- -------------------------------------------------------------------------------------
7:12 8.134 8.134 8.134 8.134 8.134 8.133 8.127 Yield
4.28 4.28 4.28 4.28 4.28 4.28 4.28 Duration
- -------------------------------------------------------------------------------------
7:12+ 8.085 8.085 8.084 8.084 8.084 8.084 8.078 Yield
4.28 4.28 4.28 4.28 4.28 4.28 4.28 Duration
- -------------------------------------------------------------------------------------
7:13 8.036 8.035 8.035 8.035 8.035 8.035 8.028 Yield
4.29 4.29 4.29 4.29 4.29 4.29 4.29 Duration
- -------------------------------------------------------------------------------------
7:13+ 7.987 7.986 7.986 7.986 7.986 7.986 7.979 Yield
4.30 4.30 4.30 4.30 4.30 4.30 4.30 Duration
- -------------------------------------------------------------------------------------
</TABLE>
- -------------------------------------------------------------------------------
This information should be considered only after reading Bear Stearns'
Statement Regarding Assumptions as to Securities, Pricing Estimates, and Other
Information ("the Statement"), which should be attached. Do not use or rely on
this information if you have not received and reviewed the Statement. You may
obtain a copy of the Statement from your sales representative.
<PAGE>
JANUARY 21, 1999
BEAR STEARNS & CO. 08:13 PM EST
CAPUTO BSCMS-99C1B PAGE 1 OF 1
- -------------------------------------------------------------------------------
BSCMS-99C1B CLASS A1 (A1 ) AAA RATED TRANCHE
ORIG BAL 89,632,000 FAC 1.00000 COUP 5.920 MAT / /
WAC- 7.081( 7.138) WAM-11/2025(322)
PRICE/YIELD VIEW *No Prepay During Yield Mat. *Fact Thru 09/9999 Hist Coupons
SETTLE DATE 10-Feb-1999 CURVE DATE 21-Jan-1999 Tranche: A1 (A1 )
<TABLE>
<CAPTION>
- -------------------------------------------------------------------------------------------
PRICE 0% CPP 10% CPP 20% CPP 30% CPP 40% CPP 50% CPP 100% CPP PREPAY
LOSSES
4.47943% 4.47943% 4.47943% 4.47943% 4.47943% 4.47943% 4.47943% 1YR_TRES
5.5000 5.5000 5.5000 5.5000 5.5000 5.5000 5.5000 AVG. LIFE
03/99- 03/99- 03/99- 03/99- 03/99- 03/99- 03/99- PRIN WIN
05/08 05/08 05/08 05/08 05/08 05/08 05/08
- -------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
101: 0 5.721 5.721 5.721 5.721 5.721 5.721 5.721 Yield
4.45 4.45 4.45 4.45 4.45 4.45 4.45 Duration
- -------------------------------------------------------------------------------------------
101: 4 5.693 5.693 5.693 5.693 5.693 5.693 5.693 Yield
4.45 4.45 4.45 4.45 4.45 4.45 4.45 Duration
- -------------------------------------------------------------------------------------------
101: 8 5.666 5.666 5.666 5.666 5.666 5.666 5.666 Yield
4.45 4.45 4.45 4.45 4.45 4.45 4.45 Duration
- -------------------------------------------------------------------------------------------
101:12 5.638 5.638 5.638 5.638 5.638 5.638 5.638 Yield
4.45 4.45 4.45 4.45 4.45 4.45 4.45 Duration
- -------------------------------------------------------------------------------------------
101:16 5.610 5.610 5.610 5.610 5.610 5.610 5.610 Yield
4.46 4.46 4.46 4.46 4.46 4.46 4.46 Duration
- -------------------------------------------------------------------------------------------
101:20 5.583 5.583 5.583 5.583 5.583 5.583 5.583 Yield
4.46 4.46 4.46 4.46 4.46 4.46 4.46 Duration
- -------------------------------------------------------------------------------------------
101:24 5.555 5.555 5.555 5.555 5.555 5.555 5.555 Yield
4.46 4.46 4.46 4.46 4.46 4.46 4.46 Duration
- -------------------------------------------------------------------------------------------
101:28 5.528 5.528 5.528 5.528 5.528 5.528 5.528 Yield
4.46 4.46 4.46 4.46 4.46 4.46 4.46 Duration
- -------------------------------------------------------------------------------------------
102: 0 5.500 5.500 5.500 5.500 5.500 5.500 5.500 Yield
4.47 4.47 4.47 4.47 4.47 4.47 4.47 Duration
- -------------------------------------------------------------------------------------------
</TABLE>
- -------------------------------------------------------------------------------
This information should be considered only after reading Bear Stearns'
Statement Regarding Assumptions as to Securities, Pricing Estimates, and Other
Information ("the Statement"), which should be attached. Do not use or rely on
this information if you have not received and reviewed the Statement. You may
obtain a copy of the Statement from your sales representative.
<PAGE>
JANUARY 21, 1999
BEAR STEARNS & CO. 08:16 PM EST
CAPUTO BSCMS-99C1B PAGE 1 OF 1
- -------------------------------------------------------------------------------
BSCMS-99C1B CLASS A2 (A2 ) AAA RATED TRANCHE
ORIG BAL 280,821,086 FAC 1.00000 COUP 6.030 MAT / /
WAC- 7.081( 7.138) WAM-11/2025(322)
PRICE/YIELD VIEW *No Prepay During Yield Mat. *Fact Thru 09/9999 Hist Coupons
SETTLE DATE 10-Feb-1999 CURVE DATE 21-Jan-1999 Tranche: A2 (A2 )
<TABLE>
<CAPTION>
- -------------------------------------------------------------------------------------------
PRICE 0% CPP 10% CPP 20% CPP 30% CPP 40% CPP 50% CPP 100% CPP PREPAY
LOSSES
4.47943% 4.47943% 4.47943% 4.47943% 4.47943% 4.47943% 4.47943% 1YR_TRES
9.7486 9.7483 9.7480 9.7476 9.7472 9.7468 9.7331 AVG. LIFE
05/08- 05/08- 05/08- 05/08- 05/08- 05/08- 05/08- PRIN WIN
02/09 02/09 02/09 02/09 02/09 02/09 02/09
- -------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
101: 0 5.938 5.938 5.938 5.938 5.938 5.938 5.938 Yield
7.20 7.20 7.20 7.20 7.20 7.20 7.19 Duration
- -------------------------------------------------------------------------------------------
101: 4 5.921 5.921 5.921 5.921 5.921 5.921 5.920 Yield
7.20 7.20 7.20 7.20 7.20 7.20 7.20 Duration
- -------------------------------------------------------------------------------------------
101: 8 5.904 5.904 5.904 5.904 5.904 5.904 5.903 Yield
7.21 7.21 7.21 7.21 7.21 7.21 7.20 Duration
- -------------------------------------------------------------------------------------------
101:12 5.886 5.886 5.886 5.886 5.886 5.886 5.886 Yield
7.21 7.21 7.21 7.21 7.21 7.21 7.20 Duration
- -------------------------------------------------------------------------------------------
101:16 5.869 5.869 5.869 5.869 5.869 5.869 5.869 Yield
7.21 7.21 7.21 7.21 7.21 7.21 7.20 Duration
- -------------------------------------------------------------------------------------------
101:20 5.852 5.852 5.852 5.852 5.852 5.852 5.852 Yield
7.21 7.21 7.21 7.21 7.21 7.21 7.20 Duration
- -------------------------------------------------------------------------------------------
101:24 5.835 5.835 5.835 5.835 5.835 5.835 5.835 Yield
7.22 7.22 7.22 7.22 7.21 7.21 7.21 Duration
- -------------------------------------------------------------------------------------------
101:28 5.818 5.818 5.818 5.818 5.818 5.818 5.818 Yield
7.22 7.22 7.22 7.22 7.22 7.22 7.21 Duration
- -------------------------------------------------------------------------------------------
102: 0 5.801 5.801 5.801 5.801 5.801 5.801 5.801 Yield
7.22 7.22 7.22 7.22 7.22 7.22 7.21 Duration
- -------------------------------------------------------------------------------------------
</TABLE>
- -------------------------------------------------------------------------------
This information should be considered only after reading Bear Stearns'
Statement Regarding Assumptions as to Securities, Pricing Estimates, and Other
Information ("the Statement"), which should be attached. Do not use or rely on
this information if you have not received and reviewed the Statement. You may
obtain a copy of the Statement from your sales representative.
<PAGE>
JANUARY 21, 1999
BEAR STEARNS & CO. 08:17 PM EST
CAPUTO BSCMS-99C1B PAGE 1 OF 1
- -------------------------------------------------------------------------------
BSCMS-99C1B CLASS B (B ) AA RATED SUB
ORIG BAL 23,900,199 FAC 1.00000 COUP 6.190 MAT / /
WAC- 7.081( 7.138) WAM-11/2025(322)
PRICE/YIELD VIEW *No Prepay During Yield Mat. *Fact Thru 09/9999 Hist Coupons
SETTLE DATE 10-Feb-1999 CURVE DATE 21-Jan-1999 Tranche: B (B )
<TABLE>
<CAPTION>
- ------------------------------------------------------------------------------------------
PRICE 0% CPP 10% CPP 20% CPP 30% CPP 40% CPP 50% CPP 100% CPP PREPAY
LOSSES
4.47943% 4.47943% 4.47943% 4.47943% 4.47943% 4.47943% 4.47943% 1YR_TRES
11.0999 11.0999 11.0999 11.0999 11.0999 11.0999 11.0999 AVG. LIFE
02/09- 02/09- 02/09- 02/09- 02/09- 02/09- 02/09- PRIN WIN
07/12 07/12 07/12 07/12 07/12 07/12 07/12
- ------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
101: 0 6.115 6.115 6.115 6.115 6.115 6.115 6.115 Yield
7.82 7.82 7.82 7.82 7.82 7.82 7.82 Duration
- ------------------------------------------------------------------------------------------
101: 4 6.099 6.099 6.099 6.099 6.099 6.099 6.099 Yield
7.83 7.83 7.83 7.83 7.83 7.83 7.83 Duration
- ------------------------------------------------------------------------------------------
101: 8 6.083 6.083 6.083 6.083 6.083 6.083 6.083 Yield
7.83 7.83 7.83 7.83 7.83 7.83 7.83 Duration
- ------------------------------------------------------------------------------------------
101:12 6.067 6.067 6.067 6.067 6.067 6.067 6.067 Yield
7.83 7.83 7.83 7.83 7.83 7.83 7.83 Duration
- ------------------------------------------------------------------------------------------
101:16 6.052 6.052 6.052 6.052 6.052 6.052 6.052 Yield
7.83 7.83 7.83 7.83 7.83 7.83 7.83 Duration
- ------------------------------------------------------------------------------------------
101:20 6.036 6.036 6.036 6.036 6.036 6.036 6.036 Yield
7.84 7.84 7.84 7.84 7.84 7.84 7.84 Duration
- ------------------------------------------------------------------------------------------
101:24 6.020 6.020 6.020 6.020 6.020 6.020 6.020 Yield
7.84 7.84 7.84 7.84 7.84 7.84 7.84 Duration
- ------------------------------------------------------------------------------------------
101:28 6.005 6.005 6.005 6.005 6.005 6.005 6.005 Yield
7.84 7.84 7.84 7.84 7.84 7.84 7.84 Duration
- ------------------------------------------------------------------------------------------
102: 0 5.989 5.989 5.989 5.989 5.989 5.989 5.989 Yield
7.85 7.85 7.85 7.85 7.85 7.85 7.85 Duration
- ------------------------------------------------------------------------------------------
</TABLE>
- -------------------------------------------------------------------------------
This information should be considered only after reading Bear Stearns'
Statement Regarding Assumptions as to Securities, Pricing Estimates, and Other
Information ("the Statement"), which should be attached. Do not use or rely on
this information if you have not received and reviewed the Statement. You may
obtain a copy of the Statement from your sales representative.
<PAGE>
JANUARY 21, 1999
BEAR STEARNS & CO. 08:19 PM EST
CAPUTO BSCMS-99C1B PAGE 1 OF 1
- -------------------------------------------------------------------------------
BSCMS-99C1B CLASS C (C ) A RATED SUB
ORIG BAL 17,925,149 FAC 1.00000 COUP 6.600 MAT / /
WAC- 7.081( 7.138) WAM-11/2025(322)
PRICE/YIELD VIEW *No Prepay During Yield Mat. *Fact Thru 09/9999 Hist Coupons
SETTLE DATE 10-Feb-1999 CURVE DATE 21-Jan-1999 Tranche: C (C )
<TABLE>
<CAPTION>
- --------------------------------------------------------------------------------------------
PRICE 0% CPP 10% CPP 20% CPP 30% CPP 40% CPP 50% CPP 100% CPP PREPAY
LOSSES
4.47943% 4.47943% 4.47943% 4.47943% 4.47943% 4.47943% 4.47943% 1YR_TRES
14.3365 14.3365 14.3365 14.3365 14.3365 14.3365 14.3365 AVG. LIFE
07/12- 07/12- 07/12- 07/12- 07/12- 07/12- 07/12- PRIN WIN
09/13 09/13 09/13 09/13 09/13 09/13 09/13
- --------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
101: 0 6.555 6.555 6.555 6.555 6.555 6.555 6.555 Yield
9.05 9.05 9.05 9.05 9.05 9.05 9.05 Duration
- --------------------------------------------------------------------------------------------
101: 4 6.541 6.541 6.541 6.541 6.541 6.541 6.541 Yield
9.05 9.05 9.05 9.05 9.05 9.05 9.05 Duration
- --------------------------------------------------------------------------------------------
101: 8 6.528 6.528 6.528 6.528 6.528 6.528 6.528 Yield
9.06 9.06 9.06 9.06 9.06 9.06 9.06 Duration
- --------------------------------------------------------------------------------------------
101:12 6.514 6.514 6.514 6.514 6.514 6.514 6.514 Yield
9.06 9.06 9.06 9.06 9.06 9.06 9.06 Duration
- --------------------------------------------------------------------------------------------
101:16 6.501 6.501 6.501 6.501 6.501 6.501 6.501 Yield
9.06 9.06 9.06 9.06 9.06 9.06 9.06 Duration
- --------------------------------------------------------------------------------------------
101:20 6.487 6.487 6.487 6.487 6.487 6.487 6.487 Yield
9.07 9.07 9.07 9.07 9.07 9.07 9.07 Duration
- --------------------------------------------------------------------------------------------
101:24 6.474 6.474 6.474 6.474 6.474 6.474 6.474 Yield
9.07 9.07 9.07 9.07 9.07 9.07 9.07 Duration
- --------------------------------------------------------------------------------------------
101:28 6.460 6.460 6.460 6.460 6.460 6.460 6.460 Yield
9.08 9.08 9.08 9.08 9.08 9.08 9.08 Duration
- --------------------------------------------------------------------------------------------
102: 0 6.447 6.447 6.447 6.447 6.447 6.447 6.447 Yield
9.08 9.08 9.08 9.08 9.08 9.08 9.08 Duration
- --------------------------------------------------------------------------------------------
</TABLE>
- -------------------------------------------------------------------------------
This information should be considered only after reading Bear Stearns'
Statement Regarding Assumptions as to Securities, Pricing Estimates, and Other
Information ("the Statement"), which should be attached. Do not use or rely on
this information if you have not received and reviewed the Statement. You may
obtain a copy of the Statement from your sales representative.
<PAGE>
JANUARY 21, 1999
BEAR STEARNS & CO. 08:25 PM EST
CAPUTO BSCMS-99C1B PAGE 1 OF 1
- -------------------------------------------------------------------------------
BSCMS-99C1B CLASS D (D ) BBB RATED SUB
ORIG BAL 21,510,179 FAC 1.00000 COUP 6.600 MAT / /
WAC- 7.081( 7.138) WAM-11/2025(322)
PRICE/YIELD VIEW *No Prepay During Yield Mat. *Fact Thru 09/9999 Hist Coupons
SETTLE DATE 10-Feb-1999 CURVE DATE 21-Jan-1999 Tranche: D (D )
<TABLE>
<CAPTION>
- ------------------------------------------------------------------------------------------
PRICE 0% CPP 10% CPP 20% CPP 30% CPP 40% CPP 50% CPP 100% CPP PREPAY
LOSSES
4.47943% 4.47943% 4.47943% 4.47943% 4.47943% 4.47943% 4.47943% 1YR_TRES
14.6717 14.6717 14.6717 14.6717 14.6717 14.6717 14.6717 AVG. LIFE
09/13- 09/13- 09/13- 09/13- 09/13- 09/13- 09/13- PRIN WIN
10/13 10/13 10/13 10/13 10/13 10/13 10/13
- ------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
93:29 7.360 7.360 7.360 7.360 7.360 7.360 7.360 Yield
8.93 8.93 8.93 8.93 8.93 8.93 8.93 Duration
- ------------------------------------------------------------------------------------------
94: 1 7.345 7.345 7.345 7.345 7.345 7.345 7.345 Yield
8.94 8.94 8.94 8.94 8.94 8.94 8.94 Duration
- ------------------------------------------------------------------------------------------
94: 5 7.330 7.330 7.330 7.330 7.330 7.330 7.330 Yield
8.94 8.94 8.94 8.94 8.94 8.94 8.94 Duration
- ------------------------------------------------------------------------------------------
94: 9 7.315 7.315 7.315 7.315 7.315 7.315 7.315 Yield
8.95 8.95 8.95 8.95 8.95 8.95 8.95 Duration
- ------------------------------------------------------------------------------------------
94:13 7.300 7.300 7.300 7.300 7.300 7.300 7.300 Yield
8.95 8.95 8.95 8.95 8.95 8.95 8.95 Duration
- ------------------------------------------------------------------------------------------
94:17 7.286 7.286 7.286 7.286 7.286 7.286 7.286 Yield
8.96 8.96 8.96 8.96 8.96 8.96 8.96 Duration
- ------------------------------------------------------------------------------------------
94:21 7.271 7.271 7.271 7.271 7.271 7.271 7.271 Yield
8.96 8.96 8.96 8.96 8.96 8.96 8.96 Duration
- ------------------------------------------------------------------------------------------
94:25 7.256 7.256 7.256 7.256 7.256 7.256 7.256 Yield
8.97 8.97 8.97 8.97 8.97 8.97 8.97 Duration
- ------------------------------------------------------------------------------------------
94:29 7.242 7.242 7.242 7.242 7.242 7.242 7.242 Yield
8.97 8.97 8.97 8.97 8.97 8.97 8.97 Duration
- ------------------------------------------------------------------------------------------
</TABLE>
- -------------------------------------------------------------------------------
This information should be considered only after reading Bear Stearns'
Statement Regarding Assumptions as to Securities, Pricing Estimates, and Other
Information ("the Statement"), which should be attached. Do not use or rely on
this information if you have not received and reviewed the Statement. You may
obtain a copy of the Statement from your sales representative.
<PAGE>
JANUARY 21, 1999
BEAR STEARNS & CO. 08:29 PM EST
CAPUTO BSCMS-99C1B PAGE 1 OF 1
- -------------------------------------------------------------------------------
BSCMS-99C1B CLASS E (E ) BBB- RATED SUB
ORIG BAL 5,975,050 FAC 1.00000 COUP 6.600 MAT / /
WAC- 7.081( 7.138) WAM-11/2025(322)
PRICE/YIELD VIEW *No Prepay During Yield Mat. *Fact Thru 09/9999 Hist Coupons
SETTLE DATE 10-Feb-1999 CURVE DATE 21-Jan-1999 Tranche: E (E )
<TABLE>
<CAPTION>
- -------------------------------------------------------------------------------------------------
PRICE 0% CPP 10% CPP 20% CPP 30% CPP 40% CPP 50% CPP 100% CPP PREPAY
LOSSES
4.47943% 4.47943% 4.47943% 4.47943% 4.47943% 4.47943% 4.47943% 1YR_TRES
14.6778 14.6778 14.6778 14.6778 14.6778 14.6778 14.6778 AVG. LIFE
10/13- 10/13- 10/13- 10/13- 10/13- 10/13- 10/13- PRIN WIN
10/13 10/13 10/13 10/13 10/13 10/13 10/13
- -------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
87:26 8.119 8.119 8.119 8.119 8.119 8.119 8.119 Yield
8.71 8.71 8.71 8.71 8.71 8.71 8.71 Duration
- -------------------------------------------------------------------------------------------------
87:30 8.102 8.102 8.102 8.102 8.102 8.102 8.102 Yield
8.71 8.71 8.71 8.71 8.71 8.71 8.71 Duration
- -------------------------------------------------------------------------------------------------
88: 2 8.086 8.086 8.086 8.086 8.086 8.086 8.086 Yield
8.72 8.72 8.72 8.72 8.72 8.72 8.72 Duration
- -------------------------------------------------------------------------------------------------
88: 6 8.070 8.070 8.070 8.070 8.070 8.070 8.070 Yield
8.72 8.72 8.72 8.72 8.72 8.72 8.72 Duration
- -------------------------------------------------------------------------------------------------
88:10 8.054 8.054 8.054 8.054 8.054 8.054 8.054 Yield
8.73 8.73 8.73 8.73 8.73 8.73 8.73 Duration
- -------------------------------------------------------------------------------------------------
88:14 8.038 8.038 8.038 8.038 8.038 8.038 8.038 Yield
8.73 8.73 8.73 8.73 8.73 8.73 8.73 Duration
- -------------------------------------------------------------------------------------------------
88:18 8.021 8.021 8.021 8.021 8.021 8.021 8.021 Yield
8.74 8.74 8.74 8.74 8.74 8.74 8.74 Duration
- -------------------------------------------------------------------------------------------------
88:22 8.005 8.005 8.005 8.005 8.005 8.005 8.005 Yield
8.74 8.74 8.74 8.74 8.74 8.74 8.74 Duration
- -------------------------------------------------------------------------------------------------
88:26 7.989 7.989 7.989 7.989 7.989 7.989 7.989 Yield
8.75 8.75 8.75 8.75 8.75 8.75 8.75 Duration
- -------------------------------------------------------------------------------------------------
</TABLE>
- -------------------------------------------------------------------------------
This information should be considered only after reading Bear Stearns'
Statement Regarding Assumptions as to Securities, Pricing Estimates, and Other
Information ("the Statement"), which should be attached. Do not use or rely on
this information if you have not received and reviewed the Statement. You may
obtain a copy of the Statement from your sales representative.
<PAGE>
JANUARY 21, 1999
BEAR STEARNS & CO. 09:11 PM EST
CAPUTO BSCMS-99C1B PAGE 1 OF 1
- -------------------------------------------------------------------------------
BSCMS-99C1B CLASS X1 (X1 ) AAA RATED INTEREST ONLY
ORIG BAL 478,003,982 FAC 1.00000 COUP 0.569 MAT / /
WAC- 7.081( 7.138) WAM-11/2025(322)
PRICE/YIELD VIEW *No Prepay During Yield Mat. *Fact Thru 09/9999 Hist Coupons
SETTLE DATE 10-Feb-1999 CURVE DATE 20-Jan-1999 Tranche: X1 (X1 )
<TABLE>
<CAPTION>
- ------------------------------------------------------------------------------------------
PRICE 0% CPP 10% CPP 20% CPP 30% CPP 40% CPP 50% CPP 100% CPP PREPAY
LOSSES
4.4632% 4.4632% 4.4632% 4.4632% 4.4632% 4.4632% 4.4632% 1YR_TRES
9.9176 9.9175 9.9173 9.9170 9.9168 9.9165 9.9085 AVG. LIFE
03/99 03/99 03/99 03/99 03/99 03/99 03/99 PRIN WIN
08/18 08/18 08/18 08/18 08/18 08/18 08/18
- ------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
6:21 8.736 8.736 8.736 8.736 8.735 8.735 8.730 Yield
4.25 4.25 4.25 4.25 4.25 4.25 4.25 Duration
- ------------------------------------------------------------------------------------------
6:22 8.626 8.626 8.626 8.626 8.626 8.625 8.620 Yield
4.26 4.26 4.26 4.26 4.26 4.26 4.26 Duration
- ------------------------------------------------------------------------------------------
6:23 8.517 8.517 8.517 8.516 8.516 8.516 8.511 Yield
4.27 4.27 4.27 4.27 4.27 4.27 4.27 Duration
- ------------------------------------------------------------------------------------------
6:24 8.408 8.408 8.408 8.408 8.408 8.408 8.402 Yield
4.28 4.28 4.28 4.28 4.28 4.28 4.28 Duration
- ------------------------------------------------------------------------------------------
6:25 8.301 8.301 8.301 8.301 8.301 8.300 8.295 Yield
4.29 4.29 4.29 4.29 4.29 4.29 4.29 Duration
- ------------------------------------------------------------------------------------------
6:26 8.194 8.194 8.194 8.194 8.194 8.194 8.188 Yield
4.31 4.31 4.31 4.31 4.31 4.31 4.31 Duration
- ------------------------------------------------------------------------------------------
6:27 8.088 8.088 8.088 8.088 8.088 8.088 8.082 Yield
4.32 4.32 4.32 4.32 4.32 4.32 4.32 Duration
- ------------------------------------------------------------------------------------------
6:28 7.983 7.983 7.983 7.983 7.983 7.983 7.977 Yield
4.33 4.33 4.33 4.33 4.33 4.33 4.33 Duration
- ------------------------------------------------------------------------------------------
6:29 7.879 7.879 7.879 7.878 7.878 7.878 7.873 Yield
4.34 4.34 4.34 4.34 4.34 4.34 4.34 Duration
- ------------------------------------------------------------------------------------------
</TABLE>
- -------------------------------------------------------------------------------
This information should be considered only after reading Bear Stearns'
Statement Regarding Assumptions as to Securities, Pricing Estimates, and Other
Information ("the Statement"), which should be attached. Do not use or rely on
this information if you have not received and reviewed the Statement. You may
obtain a copy of the Statement from your sales representative.
<PAGE>
JANUARY 20, 1999
BEAR STEARNS & CO. 12:18 PM EST
CAPUTO BSCMS-99C1B PAGE 1 OF 1
- -------------------------------------------------------------------------------
BSCMS-99C1B CLASS A1 (A1 ) AAA RATED TRANCHE
ORIG BAL 89,632,000 FAC 1.00000 COUP 6.041 MAT / /
WAC- 7.081( 7.138) WAM-11/2025(322)
PRICE/YIELD VIEW *No Prepay During Yield Mat. *Fact Thru 09/9999 Hist Coupons
SETTLE DATE 10-Feb-1999 CURVE DATE 20-Jan-1999 Tranche: A1 (A1 )
<TABLE>
<CAPTION>
- ---------------------------------------------------------------------------------------------------------
PRICE 0% CPP 10% CPP 20% CPP 30% CPP 40% CPP 50% CPP 100% CPP PREPAY
LOSSES
4.52307% 4.52307% 4.52307% 4.52307% 4.52307% 4.52307% 4.52307% 1YR_TRES
5.5000 5.5000 5.5000 5.5000 5.5000 5.5000 5.5000 AVG. LIFE
03/99 03/99 03/99 03/99 03/99 03/99 03/99 PRIN WIN
05/08 05/08 05/08 05/08 05/08 05/08 05/08
- ---------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
101: 0 5.843 5.843 5.843 5.843 5.843 5.843 5.843 Yield
4.43 4.43 4.43 4.43 4.43 4.43 4.43 Duration
- ---------------------------------------------------------------------------------------------------------
101: 4 5.815 5.815 5.815 5.815 5.815 5.815 5.815 Yield
4.43 4.43 4.43 4.43 4.43 4.43 4.43 Duration
- ---------------------------------------------------------------------------------------------------------
101: 8 5.787 5.787 5.787 5.787 5.787 5.787 5.787 Yield
4.43 4.43 4.43 4.43 4.43 4.43 4.43 Duration
- ---------------------------------------------------------------------------------------------------------
101:12 5.760 5.760 5.760 5.760 5.760 5.760 5.760 Yield
4.43 4.43 4.43 4.43 4.43 4.43 4.43 Duration
- ---------------------------------------------------------------------------------------------------------
101:16 5.732 5.732 5.732 5.732 5.732 5.732 5.732 Yield
4.44 4.44 4.44 4.44 4.44 4.44 4.44 Duration
- ---------------------------------------------------------------------------------------------------------
101:20 5.704 5.704 5.704 5.704 5.704 5.704 5.704 Yield
4.44 4.44 4.44 4.44 4.44 4.44 4.44 Duration
- ---------------------------------------------------------------------------------------------------------
101:24 5.676 5.676 5.676 5.676 5.676 5.676 5.676 Yield
4.44 4.44 4.44 4.44 4.44 4.44 4.44 Duration
- ---------------------------------------------------------------------------------------------------------
101:28 5.649 5.649 5.649 5.649 5.649 5.649 5.649 Yield
4.44 4.44 4.44 4.44 4.44 4.44 4.44 Duration
- ---------------------------------------------------------------------------------------------------------
102: 0 5.621 5.621 5.621 5.621 5.621 5.621 5.621 Yield
4.45 4.45 4.45 4.45 4.45 4.45 4.45 Duration
- ---------------------------------------------------------------------------------------------------------
</TABLE>
- -------------------------------------------------------------------------------
This information should be considered only after reading Bear Stearns'
Statement Regarding Assumptions as to Securities, Pricing Estimates, and Other
Information ("the Statement"), which should be attached. Do not use or rely on
this information if you have not received and reviewed the Statement. You may
obtain a copy of the Statement from your sales representative.
<PAGE>
JANUARY 20, 1999
BEAR STEARNS & CO. 05:20 PM EST
CAPUTO BSCMS-99C1B PAGE 1 OF 1
- -------------------------------------------------------------------------------
BSCMS-99C1B CLASS A2 (A2 ) AAA RATED TRANCHE
ORIG BAL 280,821,086 FAC 1.00000 COUP 6.140 MAT / /
WAC- 7.081( 7.137) WAM-11/2025(322)
PRICE/YIELD VIEW *No Prepay During Yield Mat. *Fact Thru 09/9999 Hist Coupons
SETTLE DATE 10-Feb-1999 CURVE DATE 20-Jan-1999 Tranche: A2 (A2 )
<TABLE>
<CAPTION>
- ----------------------------------------------------------------------------------------
0% CPP 10% CPP 20% CPP 30% CPP 40% CPP 50% CPP 100% CPP PREPAY
LOSSES
PRICE 4.52307% 4.52307% 4.52307% 4.52307% 4.52307% 4.52307% 4.52307% 1YR_TRES
9.7486 9.7483 9.7480 9.7476 9.7472 9.7468 9.7331 AVG. LIFE
05/08- 05/08- 05/08- 05/08- 05/08- 05/08- 05/08-
02/09 02/09 02/09 02/09 02/09 02/09 02/09 PRIN WIN
- ----------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
101: 0 6.049 6.049 6.049 6.049 6.049 6.049 6.049 Yield
7.16 7.16 7.16 7.16 7.16 7.16 7.16 Duration
- ----------------------------------------------------------------------------------------
101: 4 6.032 6.032 6.032 6.032 6.032 6.032 6.032 Yield
7.17 7.17 7.17 7.17 7.17 7.17 7.16 Duration
- ----------------------------------------------------------------------------------------
101: 8 6.015 6.015 6.015 6.015 6.015 6.015 6.015 Yield
7.17 7.17 7.17 7.17 7.17 7.17 7.16 Duration
- ----------------------------------------------------------------------------------------
101:12 5.998 5.998 5.998 5.998 5.998 5.998 5.997 Yield
7.17 7.17 7.17 7.17 7.17 7.17 7.16 Duration
- ----------------------------------------------------------------------------------------
101:16 5.980 5.980 5.980 5.980 5.980 5.980 5.980 Yield
7.17 7.17 7.17 7.17 7.17 7.17 7.17 Duration
- ----------------------------------------------------------------------------------------
101:20 5.963 5.963 5.963 5.963 5.963 5.963 5.963 Yield
7.18 7.18 7.18 7.18 7.18 7.17 7.17 Duration
- ----------------------------------------------------------------------------------------
101:24 5.946 5.946 5.946 5.946 5.946 5.946 5.946 Yield
7.18 7.18 7.18 7.18 7.18 7.18 7.17 Duration
- ----------------------------------------------------------------------------------------
101:28 5.929 5.929 5.929 5.929 5.929 5.929 5.929 Yield
7.18 7.18 7.18 7.18 7.18 7.18 7.17 Duration
- ----------------------------------------------------------------------------------------
102: 0 5.912 5.912 5.912 5.912 5.912 5.912 5.912 Yield
7.18 7.18 7.18 7.18 7.18 7.18 7.17 Duration
- ----------------------------------------------------------------------------------------
</TABLE>
- -------------------------------------------------------------------------------
This information should be considered only after reading Bear Stearns'
Statement Regarding Assumptions as to Securities, Pricing Estimates, and Other
Information ("the Statement"), which should be attached. Do not use or rely on
this information if you have not received and reviewed the Statement. You may
obtain a copy of the Statement from your sales representative.
<PAGE>
JANUARY 20, 1999
BEAR STEARNS & CO. 05:22 PM EST
CAPUTO BSCMS-99C1B PAGE 1 OF 1
- -------------------------------------------------------------------------------
BSCMS-99C1B CLASS B (B ) AA RATED SUB
ORIG BAL 23,900,199 FAC 1.00000 COUP 6.318 MAT / /
WAC- 7.081( 7.137) WAM-11/2025(322)
PRICE/YIELD VIEW *No Prepay During Yield Mat. *Fact Thru 09/9999 Hist Coupons
SETTLE DATE 10-Feb-1999 CURVE DATE 20-Jan-1999 Tranche: B (B )
<TABLE>
<CAPTION>
- ---------------------------------------------------------------------------------------------
0% CPP 10% CPP 20% CPP 30% CPP 40% CPP 50% CPP 100% CPP PREPAY
LOSSES
PRICE 4.52307% 4.52307% 4.52307% 4.52307% 4.52307% 4.52307% 4.52307% 1YR_TRES
11.0999 11.0999 11.0999 11.0999 11.0999 11.0999 11.0999 AVG. LIFE
02/09- 02/09- 02/09- 02/09- 02/09- 02/09- 02/09-
07/12 07/12 07/12 07/12 07/12 07/12 07/12 PRIN WIN
- ---------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
101: 0 6.244 6.244 6.244 6.244 6.244 6.244 6.244 Yield
7.77 7.77 7.77 7.77 7.77 7.77 7.77 Duration
- ---------------------------------------------------------------------------------------------
101: 4 6.228 6.228 6.228 6.228 6.228 6.228 6.228 Yield
7.77 7.77 7.77 7.77 7.77 7.77 7.77 Duration
- ---------------------------------------------------------------------------------------------
101: 8 6.213 6.213 6.213 6.213 6.213 6.213 6.213 Yield
7.78 7.78 7.78 7.78 7.78 7.78 7.78 Duration
- ---------------------------------------------------------------------------------------------
101:12 6.197 6.197 6.197 6.197 6.197 6.197 6.197 Yield
7.78 7.78 7.78 7.78 7.78 7.78 7.78 Duration
- ---------------------------------------------------------------------------------------------
101:16 6.181 6.181 6.181 6.181 6.181 6.181 6.181 Yield
7.78 7.78 7.78 7.78 7.78 7.78 7.78 Duration
- ---------------------------------------------------------------------------------------------
101:20 6.165 6.165 6.165 6.165 6.165 6.165 6.165 Yield
7.78 7.78 7.78 7.78 7.78 7.78 7.78 Duration
- ---------------------------------------------------------------------------------------------
101:24 6.149 6.149 6.149 6.149 6.149 6.149 6.149 Yield
7.79 7.79 7.79 7.79 7.79 7.79 7.79 Duration
- ---------------------------------------------------------------------------------------------
101:28 6.134 6.134 6.134 6.134 6.134 6.134 6.134 Yield
7.79 7.79 7.79 7.79 7.79 7.79 7.79 Duration
- ---------------------------------------------------------------------------------------------
102: 0 6.118 6.118 6.118 6.118 6.118 6.118 6.118 Yield
7.79 7.79 7.79 7.79 7.79 7.79 7.79 Duration
- ---------------------------------------------------------------------------------------------
</TABLE>
- -------------------------------------------------------------------------------
This information should be considered only after reading Bear Stearns'
Statement Regarding Assumptions as to Securities, Pricing Estimates, and Other
Information ("the Statement"), which should be attached. Do not use or rely on
this information if you have not received and reviewed the Statement. You may
obtain a copy of the Statement from your sales representative.
<PAGE>
January 20, 1999
Bear Stearns & Co. 05:31 PM EST
caputo BSCMS-99C1B Page 1 of 1
- -------------------------------------------------------------------------------
BSCMS-99C1B Class C (C ) A Rated Sub
Orig Bal 17,925,149 Fac 1.00000 Coup 6.600 Mat / /
Wac- 7.081( 7.137) WAM-11/2025(322)
PRICE/YIELD VIEW *No Prepay During Yield Mat. *Fact Thru 09/9999 Hist Coupons
SETTLE DATE 10-Feb-1999 CURVE DATE 20-Jan-1999 Tranche: C (C )
<TABLE>
<CAPTION>
- ---------------------------------------------------------------------------------------------
0% CPP 10% CPP 20% CPP 30% CPP 40% CPP 50% CPP 100% CPP PREPAY
LOSSES
PRICE 4.52307% 4.52307% 4.52307% 4.52307% 4.52307% 4.52307% 4.52307% 1YR_TRES
14.3365 14.3365 14.3365 14.3365 14.3365 14.3365 14.3365 AVG. LIFE
07/12- 07/12- 07/12- 07/12- 07/12- 07/12- 07/12-
09/13 09/13 09/13 09/13 09/13 09/13 09/13 PRIN WIN
- ---------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
100: 0 6.665 6.665 6.665 6.665 6.665 6.665 6.665 Yield
9.02 9.02 9.02 9.02 9.02 9.02 9.02 Duration
- ---------------------------------------------------------------------------------------------
100: 4 6.651 6.651 6.651 6.651 6.651 6.651 6.651 Yield
9.02 9.02 9.02 9.02 9.02 9.02 9.02 Duration
- ---------------------------------------------------------------------------------------------
100: 8 6.637 6.637 6.637 6.637 6.637 6.637 6.637 Yield
9.02 9.02 9.02 9.02 9.02 9.02 9.02 Duration
- ---------------------------------------------------------------------------------------------
100:12 6.624 6.624 6.624 6.624 6.624 6.624 6.624 Yield
9.03 9.03 9.03 9.03 9.03 9.03 9.03 Duration
- ---------------------------------------------------------------------------------------------
100:16 6.610 6.610 6.610 6.610 6.610 6.610 6.610 Yield
9.03 9.03 9.03 9.03 9.03 9.03 9.03 Duration
- ---------------------------------------------------------------------------------------------
100:20 6.596 6.596 6.596 6.596 6.596 6.596 6.596 Yield
9.04 9.04 9.04 9.04 9.04 9.04 9.04 Duration
- ---------------------------------------------------------------------------------------------
100:24 6.582 6.582 6.582 6.582 6.582 6.582 6.582 Yield
9.04 9.04 9.04 9.04 9.04 9.04 9.04 Duration
- ---------------------------------------------------------------------------------------------
100:28 6.569 6.569 6.569 6.569 6.569 6.569 6.569 Yield
9.04 9.04 9.04 9.04 9.04 9.04 9.04 Duration
- ---------------------------------------------------------------------------------------------
101: 0 6.555 6.555 6.555 6.555 6.555 6.555 6.555 Yield
9.05 9.05 9.05 9.05 9.05 9.05 9.05 Duration
- ---------------------------------------------------------------------------------------------
</TABLE>
- -------------------------------------------------------------------------------
This information should be considered only after reading Bear Stearns'
Statement Regarding Assumptions as to Securities, Pricing Estimates, and Other
Information ("the Statement"), which should be attached. Do not use or rely on
this information if you have not received and reviewed the Statement. You may
obtain a copy of the Statement from your sales representative.
<PAGE>
January 20, 1999
Bear Stearns & Co. 05:33 PM EST
caputo BSCMS-99C1B Page 1 of 1
- -------------------------------------------------------------------------------
BSCMS-99C1B Class D (D ) BBB Rated Sub
Orig Bal 21,510,179 Fac 1.00000 Coup 6.600 Mat / /
Wac- 7.081( 7.137) WAM-11/2025(322)
PRICE/YIELD VIEW *No Prepay During Yield Mat. *Fact Thru 09/9999 Hist Coupons
SETTLE DATE 10-Feb-1999 CURVE DATE 20-Jan-1999 Tranche: D (D )
<TABLE>
<CAPTION>
- ---------------------------------------------------------------------------------------------
0% CPP 10% CPP 20% CPP 30% CPP 40% CPP 50% CPP 100% CPP prepay
losses
Price 4.52307% 4.52307% 4.52307% 4.52307% 4.52307% 4.52307% 4.52307% 1YR_TRES
14.6717 14.6717 14.6717 14.6717 14.6717 14.6717 14.6717 Avg. Life
09/13- 09/13- 09/13- 09/13- 09/13- 09/13- 09/13-
10/13 10/13 10/13 10/13 10/13 10/13 10/13 PRIN WIN
- ---------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
92:19 7.517 7.517 7.517 7.517 7.517 7.517 7.517 Yield
8.89 8.89 8.89 8.89 8.89 8.89 8.89 Duration
- ---------------------------------------------------------------------------------------------
92:23 7.502 7.502 7.502 7.502 7.502 7.502 7.502 Yield
8.89 8.89 8.89 8.89 8.89 8.89 8.89 Duration
- ---------------------------------------------------------------------------------------------
92:27 7.487 7.487 7.487 7.487 7.487 7.487 7.487 Yield
8.90 8.90 8.90 8.90 8.90 8.90 8.90 Duration
- ---------------------------------------------------------------------------------------------
92:31 7.472 7.472 7.472 7.472 7.472 7.472 7.472 Yield
8.90 8.90 8.90 8.90 8.90 8.90 8.90 Duration
- ---------------------------------------------------------------------------------------------
93: 3 7.457 7.457 7.457 7.457 7.457 7.457 7.457 Yield
8.91 8.91 8.91 8.91 8.91 8.91 8.91 Duration
- ---------------------------------------------------------------------------------------------
93: 7 7.442 7.442 7.442 7.442 7.442 7.442 7.442 Yield
8.91 8.91 8.91 8.91 8.91 8.91 8.91 Duration
- ---------------------------------------------------------------------------------------------
93:11 7.427 7.427 7.427 7.427 7.427 7.427 7.427 Yield
8.91 8.91 8.91 8.91 8.91 8.91 8.91 Duration
- ---------------------------------------------------------------------------------------------
93:15 7.412 7.412 7.412 7.412 7.412 7.412 7.412 Yield
8.92 8.92 8.92 8.92 8.92 8.92 8.92 Duration
- ---------------------------------------------------------------------------------------------
93:19 7.397 7.397 7.397 7.397 7.397 7.397 7.397 Yield
8.92 8.92 8.92 8.92 8.92 8.92 8.92 Duration
- ---------------------------------------------------------------------------------------------
</TABLE>
- -------------------------------------------------------------------------------
This information should be considered only after reading Bear Stearns'
Statement Regarding Assumptions as to Securities, Pricing Estimates, and Other
Information ("the Statement"), which should be attached. Do not use or rely on
this information if you have not received and reviewed the Statement. You may
obtain a copy of the Statement from your sales representative.
<PAGE>
January 20, 1999
Bear Stearns & Co. 05:33 PM EST
caputo BSCMS-99C1B Page 1 of 1
- -------------------------------------------------------------------------------
BSCMS-99C1B Class E (E ) BBB- Rated Sub
Orig Bal 5,975,050 Fac 1.00000 Coup 6.600 Mat / /
Wac- 7.081( 7.137) WAM-11/2025(322)
PRICE/YIELD VIEW *No Prepay During Yield Mat. *Fact Thru 09/9999 Hist Coupons
SETTLE DATE 10-Feb-99 CURVE DATE 20-Jan-1999 Tranche: E (E )
<TABLE>
<CAPTION>
- ---------------------------------------------------------------------------------------------
0% CPP 10% CPP 20% CPP 30% CPP 40% CPP 50% CPP 100% CPP PREPAY
LOSSES
PRICE 4.52307% 4.52307% 4.52307% 4.52307% 4.52307% 4.52307% 4.52307% 1YR_TRES
14.6778 14.6778 14.6778 14.6778 14.6778 14.6778 14.6778 AVG. LIFE
10/13- 10/13- 10/13- 10/13- 10/13- 10/13- 10/13-
10/13 10/13 10/13 10/13 10/13 10/13 10/13 PRIN WIN
- ---------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
85:28 8.376 8.376 8.376 8.376 8.376 8.376 8.376 Yield
8.63 8.63 8.63 8.63 8.63 8.63 8.63 Duration
- ---------------------------------------------------------------------------------------------
86: 0 8.359 8.359 8.359 8.359 8.359 8.359 8.359 Yield
8.64 8.64 8.64 8.64 8.64 8.64 8.64 Duration
- ---------------------------------------------------------------------------------------------
86: 4 8.342 8.342 8.342 8.342 8.342 8.342 8.342 Yield
8.64 8.64 8.64 8.64 8.64 8.64 8.64 Duration
- ---------------------------------------------------------------------------------------------
86: 8 8.325 8.325 8.325 8.325 8.325 8.325 8.325 Yield
8.65 8.65 8.65 8.65 8.65 8.65 8.65 Duration
- ---------------------------------------------------------------------------------------------
86:12 8.309 8.309 8.309 8.309 8.309 8.309 8.309 Yield
8.65 8.65 8.65 8.65 8.65 8.65 8.65 Duration
- ---------------------------------------------------------------------------------------------
86:16 8.292 8.292 8.292 8.292 8.292 8.292 8.292 Yield
8.66 8.66 8.66 8.66 8.66 8.66 8.66 Duration
- ---------------------------------------------------------------------------------------------
86:20 8.275 8.275 8.275 8.275 8.275 8.275 8.275 Yield
8.66 8.66 8.66 8.66 8.66 8.66 8.66 Duration
- ---------------------------------------------------------------------------------------------
86:24 8.259 8.259 8.259 8.259 8.259 8.259 8.259 Yield
8.67 8.67 8.67 8.67 8.67 8.67 8.67 Duration
- ---------------------------------------------------------------------------------------------
86:28 8.242 8.242 8.242 8.242 8.242 8.242 8.242 Yield
8.67 8.67 8.67 8.67 8.67 8.67 8.67 Duration
- ---------------------------------------------------------------------------------------------
</TABLE>
- -------------------------------------------------------------------------------
This information should be considered only after reading Bear Stearns'
Statement Regarding Assumptions as to Securities, Pricing Estimates, and Other
Information ("the Statement"), which should be attached. Do not use or rely on
this information if you have not received and reviewed the Statement. You may
obtain a copy of the Statement from your sales representative.
<PAGE>
JANUARY 20, 1999
BEAR STEARNS & CO. BSCMS-99C1B A1 12:59 PM EST
CAPUTO DEC TABLE PAGE 1 OF 1
- -------------------------------------------------------------------------------
BSCMS-99C1B A1 (A1)
- -------------------------------------------------------------------------------
DATED DATE: 02/01/1999 Pricing
TRADE DATE: 02/01/1999 WAC: 7.080
SETTLE DATE: 02/10/1999 WAM: 11/2025
DATE OF 1ST CF: 03/14/1999 TYPE: WHL
PMTS PER YEAR: 12 ---------------------------------
MANAGER: BEARS COLLATERAL
FACE: 478,003.98M GROUP: ALL
SPEED ASSUMP.: 0% CPP CNWAC: 7.222
- ----------------------------- CGWAC: 7.729
MONTHLY PREPAYMENT RANGE: 6.47-9.88
DATE PSA CPP PPP CWAM: 08/2025(319)
- -------------------------- RANGE: 09/2012-02/2033
AV. AGE: 3.191
---------------------------------
CUMULATIVE PREPAYMENT
PSA CPP PPP
-----------------------------
1 MO -0.00 -0.00 .00
3 MO .00
6 MO .00
1 YR .00
- -------------------------------------------------------------------------------
DEAL COMMENTS
- -------------------------------------------------------------------------------
TRANCHE DETAILS
DES: A1 P-DES: A1
CUSIP: DESCRIPTION: AAA RATED TRANCHE
ORIG. BAL.: 89,632,000.000 CURRENT BAL.: 89,632,000.00
FACTOR: 1.00000000 AS OF:
COUPON: 6.041 CPN MULT.: 0.000
CAP: 0.000 FLOOR: 0.000
LAST RESET: NEXT RESET:
DELAY DAYS: 13 STATED MAT:
CURRENT PAC: ORIGINAL PAC:
S&P: FITCH:
MOODY: DUFF:
- -------------------------------------------------------------------------------
COUPON FORMULAS
INDEX FORMULA CAP FLOOR
--------------------------------------------------
ALL FIXED RATE BOND
YIELD CURVE 3MO 6MO 1YR 2YR 3YR 5YR 7YR 10YR 30YR
- ------------------------------------------------------------------------
VALUE 4.40 4.50 4.53 4.67 4.67 4.67 4.71 4.48 5.21
- -------------------------------------------------------------------------------
SETTLE: 10-FEB-1999 CURVE DATE: 20-JAN-1999
* NO PREPAY DURING YIELD MAT. *FACT THRU 09/9999 HIST COUPONS
DEC TABLE
- -------------------------------------------------------------------------------
0% CPP 3% CPP 6% CPP 9% CPP 12% CPP
02/10/99 100 100 100 100 100
02/14/00 93 93 93 93 93
02/14/01 85 85 85 85 85
02/14/02 77 77 77 77 77
02/14/03 69 69 69 69 69
02/14/04 59 59 59 59 59
02/14/05 49 49 49 49 49
02/14/06 36 36 36 36 36
02/14/07 21 21 21 21 21
02/14/08 9 9 9 9 9
02/14/09 0 0 0 0 0
AVG LIFE 5.5000 5.5000 5.5000 5.5000 5.5000
- -------------------------------------------------------------------------------
This information should be considered only after reading Bear Stearns'
Statement Regarding Assumptions as to Securities, Pricing Estimates, and Other
Information ("the Statement"), which should be attached. Do not use or rely on
this information if you have not received and reviewed the Statement. You may
obtain a copy of the Statement from your sales representative.
<PAGE>
JANUARY 20, 1999
BEAR STEARNS & CO. BSCMS-99C1B A2 12:59 PM EST
CAPUTO DEC TABLE PAGE 1 OF 1
- -------------------------------------------------------------------------------
BSCMS-99C1B A2 (A2)
- -------------------------------------------------------------------------------
DATED DATE: 02/01/1999 Pricing
TRADE DATE: 02/01/1999 WAC: 7.080
SETTLE DATE: 02/10/1999 WAM: 11/2025
DATE OF 1ST CF: 03/14/1999 TYPE: WHL
PMTS PER YEAR: 12 ---------------------------------
MANAGER: BEARS COLLATERAL
FACE: 478,003.98M GROUP: ALL
SPEED ASSUMP.: 0% CPP CNWAC: 7.222
- ----------------------------- CGWAC: 7.729
MONTHLY PREPAYMENT RANGE: 6.47-9.88
DATE PSA CPP PPP CWAM: 08/2025(319)
- -------------------------- RANGE: 09/2012-02/2033
AV. AGE: 3.191
---------------------------------
CUMULATIVE PREPAYMENT
PSA CPP PPP
-----------------------------
1 MO -0.00 -0.00 .00
3 MO .00
6 MO .00
1 YR .00
- -------------------------------------------------------------------------------
DEAL COMMENTS
- -------------------------------------------------------------------------------
TRANCHE DETAILS
DES: A2 P-DES: A2
CUSIP: DESCRIPTION: AAA RATED TRANCHE
ORIG. BAL.: 280,821,086.12 CURRENT BAL.: 280,821,086.12
FACTOR: 1.00000000 AS OF:
COUPON: 6.140 CPN MULT.: 0.000
CAP: 0.000 FLOOR: 0.000
LAST RESET: NEXT RESET:
DELAY DAYS: 13 STATED MAT:
CURRENT PAC: ORIGINAL PAC:
S&P: FITCH:
MOODY: DUFF:
- -------------------------------------------------------------------------------
COUPON FORMULAS
INDEX FORMULA CAP FLOOR
--------------------------------------------------
ALL FIXED RATE BOND
YIELD CURVE 3MO 6MO 1YR 2YR 3YR 5YR 7YR 10YR 30YR
- ------------------------------------------------------------------------
VALUE 4.40 4.50 4.53 4.67 4.67 4.67 4.71 4.78 5.21
- -------------------------------------------------------------------------------
SETTLE: 10-FEB-1999 CURVE DATE: 20-JAN-1999
* NO PREPAY DURING YIELD MAT. *FACT THRU 09/9999 HIST COUPONS
DEC TABLE
0% CPP 3% CPP 6% CPP 9% CPP 12% CPP
02/10/99 100 100 100 100 100
02/14/00 100 100 100 100 100
02/14/01 100 100 100 100 100
02/14/02 100 100 100 100 100
02/14/03 100 100 100 100 100
02/14/04 100 100 100 100 100
02/14/05 100 100 100 100 100
02/14/06 100 100 100 100 100
02/14/07 100 100 100 100 100
02/14/08 100 100 100 100 100
02/14/09 0 0 0 0 0
AVG LIFE 9.7486 9.7485 9.7485 9.7484 9.7483
- -------------------------------------------------------------------------------
This information should be considered only after reading Bear Stearns'
Statement Regarding Assumptions as to Securities, Pricing Estimates, and Other
Information ("the Statement"), which should be attached. Do not use or rely on
this information if you have not received and reviewed the Statement. You may
obtain a copy of the Statement from your sales representative.
<PAGE>
- -------------------------------------------------------------------------------
BEAR STEARNS & CO. BSCMS-99C1B B JANUARY 20, 1999
CAPUTO DEC TABLE 12:59 EST
PAGE 1 OF 1
- -------------------------------------------------------------------------------
BSCMS-99C1B B (B)
- -------------------------------------------------------------------------------
DATED DATE: 02/01/1999 PRICING
TRADE DATE: 02/01/1999 WAC: 7.080
SETTLE DATE: 02/10/1999 WAM: 11/2025
DATE OF 1ST CF: 03/14/1999 TYPE: WHL
PMTS PER YEAR: 12 ---------------------------
MANAGER: BEARS COLLATERAL
FACE: 478,003.98M GROUP: ALL
SPEED ASSUMP.: 0% CPP CNWAC: 7.222
- -------------------------------- CGWAC: 7.279
MONTHLY PREPAYMENT RANGE: 6.47 - 9.88
DATE PSA CPP PPP CWAM: 08/2025 (319)
---------------------------- RANGE: 09/2012 - 02/2033
AV. AGE: 3.191
---------------------------
CUMULATIVE PREPAYMENT
PSA CPP PPP
---------------------------
1 MO -0.00 -0.00 .00
3 MO .00
6 MO .00
1 YR .00
- -------------------------------------------------------------------------------
DEAL COMMENTS
- -------------------------------------------------------------------------------
TRANCHE DETAILS
DES: B P-DES: B
CUSIP: DESCRIPTION: AA Rated Sub
ORIG.BAL.: 23,900,199.00 CURRENT BAL.: 23,900,199.00
FACTOR: 1.00000000 AS OF:
COUPON: 6.318 CPN MULT.: 0.000
CAP: 0.000 FLOOR: 0.000
LAST RESET: NEXT RESET:
DELAY DAYS: 13 STATED MAT:
CURRENT PAC: ORIGINAL PAC:
S&P: FITCH:
MOODY: DUFF:
- -------------------------------------------------------------------------------
COUPON FORMULAS
INDEX FORMULA CAP FLOOR
------------------------------------------
All Fixed Rate Bond
- -------------------------------------------------------------------------------
Yield Curve 3mo 6mo 1yr 2yr 3yr 5yr 7yr 10yr 30yr
- -------------------------------------------------------------------------------
Value 4.40 4.50 4.53 4.67 4.67 4.67 4.71 4.78 5.21
- -------------------------------------------------------------------------------
- -------------------------------------------------------------------------------
SETTLE: 10-FEB-1999 CURVE DATE: 20-JAN-1999
* NO PREPAY DURING YIELD MAT. *FACT THRU 09/9999 HIST COUPONS
- -------------------------------------------------------------------------------
DEC TABLE
- -------------------------------------------------------------------------------
0% CPP 3% CPP 6% CPP 9% CPP 12% CPP
02/10/99 100 100 100 100 100
02/14/00 100 100 100 100 100
02/14/01 100 100 100 100 100
02/14/02 100 100 100 100 100
02/14/03 100 100 100 100 100
02/14/04 100 100 100 100 100
02/14/05 100 100 100 100 100
02/14/06 100 100 100 100 100
02/14/07 100 100 100 100 100
02/14/08 100 100 100 100 100
02/14/09 60 60 60 60 60
02/14/10 44 44 44 44 44
02/14/11 27 27 27 27 27
02/14/12 8 8 8 8 8
02/14/13 0 0 0 0 0
Avg Life 11.0999 11.0999 11.0999 11.0999 11.0999
- -------------------------------------------------------------------------------
This information should be considered only after reading Bear Stearns'
Statement Regarding Assumptions as to Securities, Pricing Estimates, and Other
Information ("the Statement"), which should be attached. Do not use or rely on
this information if you have not received and reviewed the Statement. You may
obtain a copy of the Statement from your sales representative.
<PAGE>
- -------------------------------------------------------------------------------
BEAR STEARNS & CO. BSCMS-99C1B C JANUARY 20, 1999
CAPUTO DEC TABLE 12:59 EST
PAGE 1 OF 1
- -------------------------------------------------------------------------------
BSCMS-99C1B C (C)
- -------------------------------------------------------------------------------
DATED DATE: 02/01/1999 PRICING
TRADE DATE: 02/01/1999 WAC: 7.080
SETTLE DATE: 02/10/1999 WAM: 11/2025
DATE OF 1ST CF: 03/14/1999 TYPE: WHL
PMTS PER YEAR: 12 ---------------------------
MANAGER: BEARS COLLATERAL
FACE: 478,003.98M GROUP: ALL
SPEED ASSUMP.: 0% CPP CNWAC: 7.222
- -------------------------------- CGWAC: 7.279
MONTHLY PREPAYMENT RANGE: 6.47 - 9.88
DATE PSA CPP PPP CWAM: 08/2025 (319)
---------------------------- RANGE: 09/2012 - 02/2033
AV. AGE: 3.191
---------------------------
CUMULATIVE PREPAYMENT
PSA CPP PPP
---------------------------
1 MO -0.00 -0.00 .00
3 MO .00
6 MO .00
1 YR .00
- -------------------------------------------------------------------------------
DEAL COMMENTS
- -------------------------------------------------------------------------------
TRANCHE DETAILS
DES: C P-DES: C
CUSIP: DESCRIPTION: A Rated Sub
ORIG.BAL.: 17,925,149.00 CURRENT BAL.: 17,925,149.00
FACTOR: 1.00000000 AS OF:
COUPON: 6.600 CPN MULT.: 0.000
CAP: 0.000 FLOOR: 0.000
LAST RESET: NEXT RESET:
DELAY DAYS: 13 STATED MAT:
CURRENT PAC: ORIGINAL PAC:
S&P: FITCH:
MOODY: DUFF:
- -------------------------------------------------------------------------------
COUPON FORMULAS
INDEX FORMULA CAP FLOOR
------------------------------------------
All Fixed Rate Bond
- -------------------------------------------------------------------------------
Yield Curve 3mo 6mo 1yr 2yr 3yr 5yr 7yr 10yr 30yr
- -------------------------------------------------------------------------------
Value 4.40 4.50 4.53 4.67 4.67 4.67 4.71 4.78 5.21
- -------------------------------------------------------------------------------
- -------------------------------------------------------------------------------
SETTLE: 10-FEB-1999 CURVE DATE: 20-JAN-1999
* NO PREPAY DURING YIELD MAT. *FACT THRU 09/9999 HIST COUPONS
- -------------------------------------------------------------------------------
DEC TABLE
- -------------------------------------------------------------------------------
0% CPP 3% CPP 6% CPP 9% CPP 12% CPP
02/10/99 100 100 100 100 100
02/14/00 100 100 100 100 100
02/14/01 100 100 100 100 100
02/14/02 100 100 100 100 100
02/14/03 100 100 100 100 100
02/14/04 100 100 100 100 100
02/14/05 100 100 100 100 100
02/14/06 100 100 100 100 100
02/14/07 100 100 100 100 100
02/14/08 100 100 100 100 100
02/14/09 100 100 100 100 100
02/14/10 100 100 100 100 100
02/14/11 100 100 100 100 100
02/14/12 100 100 100 100 100
02/14/13 84 84 84 84 84
02/14/14 0 0 0 0 0
Avg Life 14.3365 14.3365 14.3365 14.3365 14.3365
- -------------------------------------------------------------------------------
This information should be considered only after reading Bear Stearns'
Statement Regarding Assumptions as to Securities, Pricing Estimates, and Other
Information ("the Statement"), which should be attached. Do not use or rely on
this information if you have not received and reviewed the Statement. You may
obtain a copy of the Statement from your sales representative.
<PAGE>
- -------------------------------------------------------------------------------
BEAR STEARNS & CO. BSCMS-99C1B D JANUARY 20, 1999
CAPUTO DEC TABLE 12:59 EST
PAGE 1 OF 1
- -------------------------------------------------------------------------------
BSCMS-99C1B D (D)
- -------------------------------------------------------------------------------
DATED DATE: 02/01/1999 PRICING
TRADE DATE: 02/01/1999 WAC: 7.080
SETTLE DATE: 02/10/1999 WAM: 11/2025
DATE OF 1ST CF: 03/14/1999 TYPE: WHL
PMTS PER YEAR: 12 ---------------------------
MANAGER: BEARS COLLATERAL
FACE: 478,003.98M GROUP: ALL
SPEED ASSUMP.: 0% CPP CNWAC: 7.222
- -------------------------------- CGWAC: 7.279
MONTHLY PREPAYMENT RANGE: 6.47 - 9.88
DATE PSA CPP PPP CWAM: 08/2025 (319)
---------------------------- RANGE: 09/2012 - 02/2033
AV. AGE: 3.191
---------------------------
CUMULATIVE PREPAYMENT
PSA CPP PPP
---------------------------
1 MO -0.00 -0.00 .00
3 MO .00
6 MO .00
1 YR .00
- -------------------------------------------------------------------------------
DEAL COMMENTS
- -------------------------------------------------------------------------------
TRANCHE DETAILS
DES: D P-DES: D
CUSIP: DESCRIPTION: BBB Rated Sub
ORIG. BAL.: 21,510,179.19 CURRENT BAL.: 21,510,179.19
FACTOR: 1.00000000 AS OF:
COUPON: 6.600 CPN MULT.: 0.000
CAP: 0.000 FLOOR: 0.000
LAST RESET: NEXT RESET:
DELAY DAYS: 13 STATED MAT:
CURRENT PAC: ORIGINAL PAC:
S&P: FITCH:
MOODY: DUFF:
- -------------------------------------------------------------------------------
COUPON FORMULAS
INDEX FORMULA CAP FLOOR
----------------------------------------------
All Fixed Rate Bond
- -------------------------------------------------------------------------------
Yield Curve 3mo 6mo 1yr 2yr 3yr 5yr 7yr 10yr 30yr
- -------------------------------------------------------------------------------
Value 4.40 4.50 4.53 4.67 4.67 4.67 4.71 4.78 5.21
- -------------------------------------------------------------------------------
- -------------------------------------------------------------------------------
SETTLE: 10-FEB-1999 CURVE DATE: 20-JAN-1999
*NO PREPAY DURING YIELD MAT. *FACT THRU 09/9999 HIST COUPONS
- -------------------------------------------------------------------------------
DEC TABLE
- -------------------------------------------------------------------------------
0% CPP 3%CPP 6%CPP 9%CPP 12%CPP
02/10/99 100 100 100 100 100
02/14/00 100 100 100 100 100
02/14/01 100 100 100 100 100
02/14/02 100 100 100 100 100
02/14/03 100 100 100 100 100
02/14/04 100 100 100 100 100
02/14/05 100 100 100 100 100
02/14/06 100 100 100 100 100
02/14/07 100 100 100 100 100
02/14/08 100 100 100 100 100
02/14/09 100 100 100 100 100
02/14/10 100 100 100 100 100
02/14/11 100 100 100 100 100
02/14/12 100 100 100 100 100
02/14/13 100 100 100 100 100
02/14/14 0 0 0 0 0
AVG LIFE 14.6717 14.6717 14.6717 14.6717 14.6717
- -------------------------------------------------------------------------------
This information should be considered only after reading Bear Stearns'
Statement Regarding Assumptions as to Securities, Pricing Estimates, and Other
Information ("the Statement"), which should be attached. Do not use or rely on
this information if you have not received and reviewed the Statement. You may
obtain a copy of the Statement from your sales representative.
<PAGE>
- -------------------------------------------------------------------------------
BEAR STEARNS & CO. BSCMS-99C1B E JANUARY 20, 1999
CAPUTO DEC TABLE 12:59 EST
PAGE 1 OF 1
- -------------------------------------------------------------------------------
BSCMS-99C1B E (E)
- -------------------------------------------------------------------------------
DATED DATE: 02/01/1999 PRICING
TRADE DATE: 02/01/1999 WAC: 7.080
SETTLE DATE: 02/10/1999 WAM: 11/2025
DATE OF 1ST CF: 03/14/1999 TYPE: WHL
PMTS PER YEAR: 12 ---------------------------
MANAGER: BEARS COLLATERAL
FACE: 478,003.98M GROUP: ALL
SPEED ASSUMP.: 0% CPP CNWAC: 7.222
- -------------------------------- CGWAC: 7.279
MONTHLY PREPAYMENT RANGE: 6.47 - 9.88
DATE PSA CPP PPP CWAM: 08/2025 (319)
---------------------------- RANGE: 09/2012 - 02/2033
AV. AGE: 3.191
---------------------------
CUMULATIVE PREPAYMENT
PSA CPP PPP
---------------------------
1 MO -0.00 -0.00 .00
3 MO .00
6 MO .00
1 YR .00
- -------------------------------------------------------------------------------
DEAL COMMENTS
- -------------------------------------------------------------------------------
TRANCHE DETAILS
DES: E P-DES: E
CUSIP: DESCRIPTION: BBB- Rated Sub
ORIG. BAL.: 5,975,049.78 CURRENT BAL.: 5,975,049.78
FACTOR: 1.00000000 AS OF:
COUPON: 6.600 CPN MULT.: 0.000
CAP: 0.000 FLOOR: 0.000
LAST RESET: NEXT RESET:
DELAY DAYS: 13 STATED MAT:
CURRENT PAC: ORIGINAL PAC:
S&P: FITCH:
MOODY: DUFF:
- -------------------------------------------------------------------------------
COUPON FORMULAS
INDEX FORMULA CAP FLOOR
----------------------------------------------
All Fixed Rate Bond
- -------------------------------------------------------------------------------
Yield Curve 3mo 6mo 1yr 2yr 3yr 5yr 7yr 10yr 30yr
- -------------------------------------------------------------------------------
Value 4.40 4.50 4.53 4.67 4.67 4.67 4.71 4.78 5.21
- -------------------------------------------------------------------------------
- -------------------------------------------------------------------------------
SETTLE: 10-FEB-1999 CURVE DATE: 20-JAN-1999
*NO PREPAY DURING YIELD MAT. *FACT THRU 09/9999 HIST COUPONS
- -------------------------------------------------------------------------------
DEC TABLE
- -------------------------------------------------------------------------------
0% CPP 3%CPP 6%CPP 9%CPP 12%CPP
02/10/99 100 100 100 100 100
02/14/00 100 100 100 100 100
02/14/01 100 100 100 100 100
02/14/02 100 100 100 100 100
02/14/03 100 100 100 100 100
02/14/04 100 100 100 100 100
02/14/05 100 100 100 100 100
02/14/06 100 100 100 100 100
02/14/07 100 100 100 100 100
02/14/08 100 100 100 100 100
02/14/09 100 100 100 100 100
02/14/10 100 100 100 100 100
02/14/11 100 100 100 100 100
02/14/12 100 100 100 100 100
02/14/13 100 100 100 100 100
02/14/14 0 0 0 0 0
AVG LIFE 14.6778 14.6778 14.6778 14.6778 14.6778
- -------------------------------------------------------------------------------
This information should be considered only after reading Bear Stearns'
Statement Regarding Assumptions as to Securities, Pricing Estimates, and Other
Information ("the Statement"), which should be attached. Do not use or rely on
this information if you have not received and reviewed the Statement. You may
obtain a copy of the Statement from your sales representative.
<PAGE>
- -------------------------------------------------------------------------------
BEAR STEARNS & CO. BSCMS-99C1B F JANUARY 20, 1999
CAPUTO DEC TABLE 12:59 EST
PAGE 1 OF 1
- -------------------------------------------------------------------------------
BSCMS-99C1B F (F)
- -------------------------------------------------------------------------------
DATED DATE: 02/01/1999 PRICING
TRADE DATE: 02/01/1999 WAC: 7.080
SETTLE DATE: 02/10/1999 WAM: 11/2025
DATE OF 1ST CF: 03/14/1999 TYPE: WHL
PMTS PER YEAR: 12 ---------------------------
MANAGER: BEARS COLLATERAL
FACE: 478,003.98M GROUP: ALL
SPEED ASSUMP.: 0% CPP CNWAC: 7.222
- -------------------------------- CGWAC: 7.279
MONTHLY PREPAYMENT RANGE: 6.47 - 9.88
DATE PSA CPP PPP CWAM: 08/2025 (319)
---------------------------- RANGE: 09/2012 - 02/2033
AV. AGE: 3.191
---------------------------
CUMULATIVE PREPAYMENT
PSA CPP PPP
---------------------------
1 MO -0.00 -0.00 .00
3 MO .00
6 MO .00
1 YR .00
- -------------------------------------------------------------------------------
DEAL COMMENTS
- -------------------------------------------------------------------------------
TRANCHE DETAILS
DES: F P-DES: F
CUSIP: DESCRIPTION: BB+ Rated Sub
ORIG.BAL.: 13,145,109.51 CURRENT BAL.: 13,145,109.51
FACTOR: 1.00000000 AS OF:
COUPON: 5.607 CPN MULT.: 0.000
CAP: 0.000 FLOOR: 0.000
LAST RESET: NEXT RESET:
DELAY DAYS: 13 STATED MAT:
CURRENT PAC: ORIGINAL PAC:
S&P: FITCH:
MOODY: DUFF:
- -------------------------------------------------------------------------------
COUPON FORMULAS
INDEX FORMULA CAP FLOOR
------------------------------------------
All Fixed Rate Bond
- -------------------------------------------------------------------------------
Yield Curve 3mo 6mo 1yr 2yr 3yr 5yr 7yr 10yr 30yr
- -------------------------------------------------------------------------------
Value 4.40 4.50 4.53 4.67 4.67 4.67 4.71 4.78 5.21
- -------------------------------------------------------------------------------
- -------------------------------------------------------------------------------
SETTLE: 10-FEB-1999 CURVE DATE: 20-JAN-1999
* NO PREPAY DURING YIELD MAT. *FACT THRU 09/9999 HIST COUPONS
- -------------------------------------------------------------------------------
DEC TABLE
- -------------------------------------------------------------------------------
0% CPP 3% CPP 6% CPP 9% CPP 12% CPP
02/10/99 100 100 100 100 100
02/14/00 100 100 100 100 100
02/14/01 100 100 100 100 100
02/14/02 100 100 100 100 100
02/14/03 100 100 100 100 100
02/14/04 100 100 100 100 100
02/14/05 100 100 100 100 100
02/14/06 100 100 100 100 100
02/14/07 100 100 100 100 100
02/14/08 100 100 100 100 100
02/14/09 100 100 100 100 100
02/14/10 100 100 100 100 100
02/14/11 100 100 100 100 100
02/14/12 100 100 100 100 100
02/14/13 100 100 100 100 100
02/14/14 0 0 0 0 0
Avg Life 14.7419 14.7419 14.7419 14.7419 14.7419
- -------------------------------------------------------------------------------
This information should be considered only after reading Bear Stearns'
Statement Regarding Assumptions as to Securities, Pricing Estimates, and Other
Information ("the Statement"), which should be attached. Do not use or rely on
this information if you have not received and reviewed the Statement. You may
obtain a copy of the Statement from your sales representative.
<PAGE>
- -------------------------------------------------------------------------------
BEAR STEARNS & CO. BSCMS-99C1B G JANUARY 20, 1999
CAPUTO DEC TABLE 12:59 EST
PAGE 1 OF 1
- -------------------------------------------------------------------------------
BSCMS-99C1B G (G)
- -------------------------------------------------------------------------------
DATED DATE: 02/01/1999 PRICING
TRADE DATE: 02/01/1999 WAC: 7.080
SETTLE DATE: 02/10/1999 WAM: 11/2025
DATE OF 1ST CF: 03/14/1999 TYPE: WHL
PMTS PER YEAR: 12 ---------------------------
MANAGER: BEARS COLLATERAL
FACE: 478,003.98M GROUP: ALL
SPEED ASSUMP.: 0% CPP CNWAC: 7.222
- -------------------------------- CGWAC: 7.279
MONTHLY PREPAYMENT RANGE: 6.47 - 9.88
DATE PSA CPP PPP CWAM: 08/2025 (319)
---------------------------- RANGE: 09/2012 - 02/2033
AV. AGE: 3.191
---------------------------
CUMULATIVE PREPAYMENT
PSA CPP PPP
---------------------------
1 MO -0.00 -0.00 .00
3 MO .00
6 MO .00
1 YR .00
- -------------------------------------------------------------------------------
DEAL COMMENTS
- -------------------------------------------------------------------------------
TRANCHE DETAILS
DES: G P-DES: G
CUSIP: DESCRIPTION: BB Rated Sub
ORIG.BAL.: 4,780,039.82 CURRENT BAL.: 4,780,039.82
FACTOR: 1.00000000 AS OF:
COUPON: 5.607 CPN MULT.: 0.000
CAP: 0.000 FLOOR: 0.000
LAST RESET: NEXT RESET:
DELAY DAYS: 13 STATED MAT:
CURRENT PAC: ORIGINAL PAC:
S&P: FITCH:
MOODY: DUFF:
- -------------------------------------------------------------------------------
COUPON FORMULAS
INDEX FORMULA CAP FLOOR
------------------------------------------
All Fixed Rate Bond
- -------------------------------------------------------------------------------
Yield Curve 3mo 6mo 1yr 2yr 3yr 5yr 7yr 10yr 30yr
- -------------------------------------------------------------------------------
Value 4.40 4.50 4.53 4.67 4.67 4.67 4.71 4.78 5.21
- -------------------------------------------------------------------------------
- -------------------------------------------------------------------------------
SETTLE: 10-FEB-1999 CURVE DATE: 20-JAN-1999
* NO PREPAY DURING YIELD MAT. *FACT THRU 09/9999 HIST COUPONS
- -------------------------------------------------------------------------------
DEC TABLE
- -------------------------------------------------------------------------------
0% CPP 3% CPP 6% CPP 9% CPP 12% CPP
02/10/99 100 100 100 100 100
02/14/00 100 100 100 100 100
02/14/01 100 100 100 100 100
02/14/02 100 100 100 100 100
02/14/03 100 100 100 100 100
02/14/04 100 100 100 100 100
02/14/05 100 100 100 100 100
02/14/06 100 100 100 100 100
02/14/07 100 100 100 100 100
02/14/08 100 100 100 100 100
02/14/09 100 100 100 100 100
02/14/10 100 100 100 100 100
02/14/11 100 100 100 100 100
02/14/12 100 100 100 100 100
02/14/13 100 100 100 100 100
02/14/14 0 0 0 0 0
Avg Life 14.7611 14.7611 14.7611 14.7611 14.7611
- -------------------------------------------------------------------------------
This information should be considered only after reading Bear Stearns'
Statement Regarding Assumptions as to Securities, Pricing Estimates, and Other
Information ("the Statement"), which should be attached. Do not use or rely on
this information if you have not received and reviewed the Statement. You may
obtain a copy of the Statement from your sales representative.
<PAGE>
- -------------------------------------------------------------------------------
BEAR STEARNS & CO. BSCMS-99C1B H JANUARY 20, 1999
CAPUTO DEC TABLE 12:59 EST
PAGE 1 OF 1
- -------------------------------------------------------------------------------
BSCMS-99C1B H (H)
- -------------------------------------------------------------------------------
DATED DATE: 02/01/1999 PRICING
TRADE DATE: 02/01/1999 WAC: 7.080
SETTLE DATE: 02/10/1999 WAM: 11/2025
DATE OF 1ST CF: 03/14/1999 TYPE: WHL
PMTS PER YEAR: 12 ---------------------------
MANAGER: BEARS COLLATERAL
FACE: 478,003.98M GROUP: ALL
SPEED ASSUMP.: 0% CPP CNWAC: 7.222
- -------------------------------- CGWAC: 7.279
MONTHLY PREPAYMENT RANGE: 6.47 - 9.88
DATE PSA CPP PPP CWAM: 08/2025 (319)
---------------------------- RANGE: 09/2012 - 02/2033
AV. AGE: 3.191
---------------------------
CUMULATIVE PREPAYMENT
PSA CPP PPP
---------------------------
1 MO -0.00 -0.00 .00
3 MO .00
6 MO .00
1 YR .00
- -------------------------------------------------------------------------------
DEAL COMMENTS
- -------------------------------------------------------------------------------
TRANCHE DETAILS
DES: H P-DES: H
CUSIP: DESCRIPTION: BB- Rated Sub
ORIG.BAL.: 3,585,029.87 CURRENT BAL.: 3,585,029.87
FACTOR: 1.00000000 AS OF:
COUPON: 5.607 CPN MULT.: 0.000
CAP: 0.000 FLOOR: 0.000
LAST RESET: NEXT RESET:
DELAY DAYS: 13 STATED MAT:
CURRENT PAC: ORIGINAL PAC:
S&P: FITCH:
MOODY: DUFF:
- -------------------------------------------------------------------------------
COUPON FORMULAS
INDEX FORMULA CAP FLOOR
------------------------------------------
All Fixed Rate Bond
- -------------------------------------------------------------------------------
Yield Curve 3mo 6mo 1yr 2yr 3yr 5yr 7yr 10yr 30yr
- -------------------------------------------------------------------------------
Value 4.40 4.50 4.53 4.67 4.67 4.67 4.71 4.78 5.21
- -------------------------------------------------------------------------------
- -------------------------------------------------------------------------------
SETTLE: 10-FEB-1999 CURVE DATE: 20-JAN-1999
* NO PREPAY DURING YIELD MAT. *FACT THRU 09/9999 HIST COUPONS
- -------------------------------------------------------------------------------
DEC TABLE
- -------------------------------------------------------------------------------
0% CPP 3% CPP 6% CPP 9% CPP 12% CPP
02/10/99 100 100 100 100 100
02/14/00 100 100 100 100 100
02/14/01 100 100 100 100 100
02/14/02 100 100 100 100 100
02/14/03 100 100 100 100 100
02/14/04 100 100 100 100 100
02/14/05 100 100 100 100 100
02/14/06 100 100 100 100 100
02/14/07 100 100 100 100 100
02/14/08 100 100 100 100 100
02/14/09 100 100 100 100 100
02/14/10 100 100 100 100 100
02/14/11 100 100 100 100 100
02/14/12 100 100 100 100 100
02/14/13 100 100 100 100 100
02/14/14 0 0 0 0 0
Avg Life 14.7611 14.7611 14.7611 14.7611 14.7611
- -------------------------------------------------------------------------------
This information should be considered only after reading Bear Stearns'
Statement Regarding Assumptions as to Securities, Pricing Estimates, and Other
Information ("the Statement"), which should be attached. Do not use or rely on
this information if you have not received and reviewed the Statement. You may
obtain a copy of the Statement from your sales representative.
<PAGE>
- -------------------------------------------------------------------------------
BEAR STEARNS & CO. BSCMS-99C1B I JANUARY 20, 1999
CAPUTO DEC TABLE 12:59 EST
PAGE 1 OF 1
- -------------------------------------------------------------------------------
BSCMS-99C1B I (I)
- -------------------------------------------------------------------------------
DATED DATE: 02/01/1999 PRICING
TRADE DATE: 02/01/1999 WAC: 7.080
SETTLE DATE: 02/10/1999 WAM: 11/2025
DATE OF 1ST CF: 03/14/1999 TYPE: WHL
PMTS PER YEAR: 12 ---------------------------
MANAGER: BEARS COLLATERAL
FACE: 478,003.98M GROUP: ALL
SPEED ASSUMP.: 0% CPP CNWAC: 7.222
- -------------------------------- CGWAC: 7.279
MONTHLY PREPAYMENT RANGE: 6.47 - 9.88
DATE PSA CPP PPP CWAM: 08/2025 (319)
---------------------------- RANGE: 09/2012 - 02/2033
AV. AGE: 3.191
---------------------------
CUMULATIVE PREPAYMENT
PSA CPP PPP
---------------------------
1 MO -0.00 -0.00 .00
3 MO .00
6 MO .00
1 YR .00
- -------------------------------------------------------------------------------
DEAL COMMENTS
- -------------------------------------------------------------------------------
TRANCHE DETAILS
DES: I P-DES: I
CUSIP: DESCRIPTION: B Rated Sub
ORIG.BAL.: 9,560,079.64 CURRENT BAL.: 9,560,079.64
FACTOR: 1.00000000 AS OF:
COUPON: 5.607 CPN MULT.: 0.000
CAP: 0.000 FLOOR: 0.000
LAST RESET: NEXT RESET:
DELAY DAYS: 13 STATED MAT:
CURRENT PAC: ORIGINAL PAC:
S&P: FITCH:
MOODY: DUFF:
- -------------------------------------------------------------------------------
COUPON FORMULAS
INDEX FORMULA CAP FLOOR
------------------------------------------
All Fixed Rate Bond
- -------------------------------------------------------------------------------
Yield Curve 3mo 6mo 1yr 2yr 3yr 5yr 7yr 10yr 30yr
- -------------------------------------------------------------------------------
Value 4.40 4.50 4.53 4.67 4.67 4.67 4.71 4.78 5.21
- -------------------------------------------------------------------------------
- -------------------------------------------------------------------------------
SETTLE: 10-FEB-1999 CURVE DATE: 20-JAN-1999
* NO PREPAY DURING YIELD MAT. *FACT THRU 09/9999 HIST COUPONS
- -------------------------------------------------------------------------------
DEC TABLE
- -------------------------------------------------------------------------------
0% CPP 3% CPP 6% CPP 9% CPP 12% CPP
02/10/99 100 100 100 100 100
02/14/00 100 100 100 100 100
02/14/01 100 100 100 100 100
02/14/02 100 100 100 100 100
02/14/03 100 100 100 100 100
02/14/04 100 100 100 100 100
02/14/05 100 100 100 100 100
02/14/06 100 100 100 100 100
02/14/07 100 100 100 100 100
02/14/08 100 100 100 100 100
02/14/09 100 100 100 100 100
02/14/10 100 100 100 100 100
02/14/11 100 100 100 100 100
02/14/12 100 100 100 100 100
02/14/13 100 100 100 100 100
02/14/14 0 0 0 0 0
Avg Life 14.8552 14.8552 14.8552 14.8552 14.8552
- -------------------------------------------------------------------------------
This information should be considered only after reading Bear Stearns'
Statement Regarding Assumptions as to Securities, Pricing Estimates, and Other
Information ("the Statement"), which should be attached. Do not use or rely on
this information if you have not received and reviewed the Statement. You may
obtain a copy of the Statement from your sales representative.
<PAGE>
- -------------------------------------------------------------------------------
BEAR STEARNS & CO. BSCMS-99C1B J JANUARY 20, 1999
CAPUTO DEC TABLE 12:59 EST
PAGE 1 OF 1
- -------------------------------------------------------------------------------
BSCMS-99C1B J (J)
- -------------------------------------------------------------------------------
DATED DATE: 02/01/1999 PRICING
TRADE DATE: 02/01/1999 WAC: 7.080
SETTLE DATE: 02/10/1999 WAM: 11/2025
DATE OF 1ST CF: 03/14/1999 TYPE: WHL
PMTS PER YEAR: 12 ---------------------------
MANAGER: BEARS COLLATERAL
FACE: 478,003.98M GROUP: ALL
SPEED ASSUMP.: 0% CPP CNWAC: 7.222
- -------------------------------- CGWAC: 7.279
MONTHLY PREPAYMENT RANGE: 6.47 - 9.88
DATE PSA CPP PPP CWAM: 08/2025 (319)
---------------------------- RANGE: 09/2012 - 02/2033
AV. AGE: 3.191
---------------------------
CUMULATIVE PREPAYMENT
PSA CPP PPP
---------------------------
1 MO -0.00 -0.00 .00
3 MO .00
6 MO .00
1 YR .00
- -------------------------------------------------------------------------------
DEAL COMMENTS
- -------------------------------------------------------------------------------
TRANCHE DETAILS
DES: J P-DES: J
CUSIP: DESCRIPTION: B- Rated Sub
ORIG.BAL.: 2,390,019.91 CURRENT BAL.: 2,390,019.91
FACTOR: 1.00000000 AS OF:
COUPON: 5.607 CPN MULT.: 0.000
CAP: 0.000 FLOOR: 0.000
LAST RESET: NEXT RESET:
DELAY DAYS: 13 STATED MAT:
CURRENT PAC: ORIGINAL PAC:
S&P: FITCH:
MOODY: DUFF:
- -------------------------------------------------------------------------------
COUPON FORMULAS
INDEX FORMULA CAP FLOOR
------------------------------------------
All Fixed Rate Bond
- -------------------------------------------------------------------------------
Yield Curve 3mo 6mo 1yr 2yr 3yr 5yr 7yr 10yr 30yr
- -------------------------------------------------------------------------------
Value 4.40 4.50 4.53 4.67 4.67 4.67 4.71 4.78 5.21
- -------------------------------------------------------------------------------
- -------------------------------------------------------------------------------
SETTLE: 10-FEB-1999 CURVE DATE: 20-JAN-1999
* NO PREPAY DURING YIELD MAT. *FACT THRU 09/9999 HIST COUPONS
- -------------------------------------------------------------------------------
DEC TABLE
- -------------------------------------------------------------------------------
0% CPP 3% CPP 6% CPP 9% CPP 12% CPP
02/10/99 100 100 100 100 100
02/14/00 100 100 100 100 100
02/14/01 100 100 100 100 100
02/14/02 100 100 100 100 100
02/14/03 100 100 100 100 100
02/14/04 100 100 100 100 100
02/14/05 100 100 100 100 100
02/14/06 100 100 100 100 100
02/14/07 100 100 100 100 100
02/14/08 100 100 100 100 100
02/14/09 100 100 100 100 100
02/14/10 100 100 100 100 100
02/14/11 100 100 100 100 100
02/14/12 100 100 100 100 100
02/14/13 100 100 100 100 100
02/14/14 91 91 91 91 91
02/14/15 38 38 38 38 38
02/14/16 0 0 0 0 0
Avg Life 15.8163 15.8163 15.8163 15.8163 15.8163
- -------------------------------------------------------------------------------
This information should be considered only after reading Bear Stearns'
Statement Regarding Assumptions as to Securities, Pricing Estimates, and Other
Information ("the Statement"), which should be attached. Do not use or rely on
this information if you have not received and reviewed the Statement. You may
obtain a copy of the Statement from your sales representative.
<PAGE>
- -------------------------------------------------------------------------------
BEAR STEARNS & CO. BSCMS-99C1B K JANUARY 20, 1999
CAPUTO DEC TABLE 12:59 EST
PAGE 1 OF 1
- -------------------------------------------------------------------------------
BSCMS-99C1B K (K)
- -------------------------------------------------------------------------------
DATED DATE: 02/01/1999 PRICING
TRADE DATE: 02/01/1999 WAC: 7.080
SETTLE DATE: 02/10/1999 WAM: 11/2025
DATE OF 1ST CF: 03/14/1999 TYPE: WHL
PMTS PER YEAR: 12 ---------------------------
MANAGER: BEARS COLLATERAL
FACE: 478,003.98M GROUP: ALL
SPEED ASSUMP.: 0% CPP CNWAC: 7.222
- -------------------------------- CGWAC: 7.279
MONTHLY PREPAYMENT RANGE: 6.47 - 9.88
DATE PSA CPP PPP CWAM: 08/2025 (319)
---------------------------- RANGE: 09/2012 - 02/2033
AV. AGE: 3.191
---------------------------
CUMULATIVE PREPAYMENT
PSA CPP PPP
---------------------------
1 MO -0.00 -0.00 .00
3 MO .00
6 MO .00
1 YR .00
- -------------------------------------------------------------------------------
DEAL COMMENTS
- -------------------------------------------------------------------------------
TRANCHE DETAILS
DES: K P-DES: K
CUSIP: DESCRIPTION: UNRATED SUB
ORIG.BAL.: 4,780,039.82 CURRENT BAL.: 4,780,039.82
FACTOR: 1.00000000 AS OF:
COUPON: 5.607 CPN MULT.: 0.000
CAP: 0.000 FLOOR: 0.000
LAST RESET: NEXT RESET:
DELAY DAYS: 13 STATED MAT:
CURRENT PAC: ORIGINAL PAC:
S&P: FITCH:
MOODY: DUFF:
- -------------------------------------------------------------------------------
COUPON FORMULAS
INDEX FORMULA CAP FLOOR
------------------------------------------
All Fixed Rate Bond
- -------------------------------------------------------------------------------
Yield Curve 3mo 6mo 1yr 2yr 3yr 5yr 7yr 10yr 30yr
- -------------------------------------------------------------------------------
Value 4.40 4.50 4.53 4.67 4.67 4.67 4.71 4.78 5.21
- -------------------------------------------------------------------------------
- -------------------------------------------------------------------------------
SETTLE: 10-FEB-1999 CURVE DATE: 20-JAN-1999
* NO PREPAY DURING YIELD MAT. *FACT THRU 09/9999 HIST COUPONS
- -------------------------------------------------------------------------------
DEC TABLE
- -------------------------------------------------------------------------------
0% CPP 3% CPP 6% CPP 9% CPP 12% CPP
02/10/99 100 100 100 100 100
02/14/00 100 100 100 100 100
02/14/01 100 100 100 100 100
02/14/02 100 100 100 100 100
02/14/03 100 100 100 100 100
02/14/04 100 100 100 100 100
02/14/05 100 100 100 100 100
02/14/06 100 100 100 100 100
02/14/07 100 100 100 100 100
02/14/08 100 100 100 100 100
02/14/09 100 100 100 100 100
02/14/10 100 100 100 100 100
02/14/11 100 100 100 100 100
02/14/12 100 100 100 100 100
02/14/13 100 100 100 100 100
02/14/14 100 100 100 100 100
02/14/15 100 100 100 100 100
02/14/16 90 90 90 90 90
02/14/17 59 59 59 59 59
02/14/18 26 26 26 26 26
02/14/19 0 0 0 0 0
Avg Life 18.2906 18.2906 18.2906 18.2906 18.2906
- -------------------------------------------------------------------------------
This information should be considered only after reading Bear Stearns'
Statement Regarding Assumptions as to Securities, Pricing Estimates, and Other
Information ("the Statement"), which should be attached. Do not use or rely on
this information if you have not received and reviewed the Statement. You may
obtain a copy of the Statement from your sales representative.
<PAGE>
- -------------------------------------------------------------------------------
BEAR STEARNS & CO. BSCMS-99C1B X1 JANUARY 20, 1999
CAPUTO DEC TABLE 12:59 EST
PAGE 1 OF 1
- -------------------------------------------------------------------------------
BSCMS-99C1B X1 (X1)
- -------------------------------------------------------------------------------
DATED DATE: 02/01/1999 PRICING
TRADE DATE: 02/01/1999 WAC: 7.080
SETTLE DATE: 02/10/1999 WAM: 11/2025
DATE OF 1ST CF: 03/14/1999 TYPE: WHL
PMTS PER YEAR: 12 ---------------------------
MANAGER: BEARS COLLATERAL
FACE: 478,003.98M GROUP: ALL
SPEED ASSUMP.: 0% CPP CNWAC: 7.222
- -------------------------------- CGWAC: 7.279
MONTHLY PREPAYMENT RANGE: 6.47 - 9.88
DATE PSA CPP PPP CWAM: 08/2025 (319)
---------------------------- RANGE: 09/2012 - 02/2033
AV. AGE: 3.191
---------------------------
CUMULATIVE PREPAYMENT
PSA CPP PPP
---------------------------
1 MO -0.00 -0.00 .00
3 MO .00
6 MO .00
1 YR .00
- -------------------------------------------------------------------------------
DEAL COMMENTS
- -------------------------------------------------------------------------------
TRANCHE DETAILS
DES: X1 P-DES: X1
CUSIP: DESCRIPTION: AAA RATED INTEREST ONLY
ORIG.BAL.: 478,003,982.09 CURRENT BAL.: 478,003,982.09
FACTOR: 1.00000000 AS OF:
COUPON: 0.472 CPN MULT.: 0.000
CAP: 0.000 FLOOR: 0.000
LAST RESET: NEXT RESET:
DELAY DAYS: 13 STATED MAT:
CURRENT PAC: ORIGINAL PAC:
S&P: FITCH:
MOODY: DUFF:
- -------------------------------------------------------------------------------
COUPON FORMULAS
INDEX FORMULA CAP FLOOR
------------------------------------------
All Fixed Rate Bond
- -------------------------------------------------------------------------------
Yield Curve 3mo 6mo 1yr 2yr 3yr 5yr 7yr 10yr 30yr
- -------------------------------------------------------------------------------
Value 4.40 4.50 4.53 4.67 4.67 4.67 4.71 4.78 5.21
- -------------------------------------------------------------------------------
- -------------------------------------------------------------------------------
SETTLE: 10-FEB-1999 CURVE DATE: 20-JAN-1999
* NO PREPAY DURING YIELD MAT. *FACT THRU 09/9999 HIST COUPONS
- -------------------------------------------------------------------------------
DEC TABLE
- -------------------------------------------------------------------------------
0% CPP 3% CPP 6% CPP 9% CPP 12% CPP
02/10/99 100 100 100 100 100
02/14/00 99 99 99 99 99
02/14/01 97 97 97 97 97
02/14/02 96 96 96 96 96
02/14/03 94 94 94 94 94
02/14/04 92 92 92 92 92
02/14/05 90 90 90 90 90
02/14/06 88 88 88 88 88
02/14/07 85 85 85 85 85
02/14/08 83 83 83 83 83
02/14/09 21 21 21 21 21
02/14/10 20 20 20 20 20
02/14/11 19 19 19 19 19
02/14/12 18 18 18 18 18
02/14/13 17 17 17 17 17
02/14/14 1 1 1 1 1
02/14/15 1 1 1 1 1
02/14/16 1 1 1 1 1
02/14/17 1 1 1 1 1
02/14/18 * * * * *
02/14/19 0 0 0 0 0
Avg Life 9.9176 9.9176 9.9176 9.9176 9.9176
- -------------------------------------------------------------------------------
<PAGE>
This information should be considered only after reading Bear Stearns'
Statement Regarding Assumptions as to Securities, Pricing Estimates, and Other
Information ("the Statement"), which should be attached. Do not use or rely on
this information if you have not received and reviewed the Statement. You may
obtain a copy of the Statement from your sales representative.
<PAGE>
BEAR STEARNS & CO.
SEDMAK
BSCMS-99C1B
January 22, 1999
02:02PM EST
Page 1 of 1
BSCMS-99C1B CLASS A2 (A2 )
AAA RATED TRANCHE
ORIG BAL 280,821,086 FAC 1.00000 COUP 6.030 MAT / /
WAC-7.081(7.138) WAM-11/2025(322)
PRICE/YIELD VIEW *No Prepay During Yield Mat.
* Fact Thru 09/9999 Hist Coupons Adv(P&I)
SETTLE DATE 10-Feb-1999 CURVE DATE 22-Jan-1999 Tranche: A2 (A2 )
<TABLE>
<CAPTION>
0% CPP 0% CPP 0% CPP 0% CPP 0% CPP 0% CPP PREPAY
12L50R100BCDR 12L50R300BCDR 12L50R500BCDR 12L50R100BCDR 12L75R300BCDR 12L75R500BCDR LOSSES
4.48% 4.48% 4.48% 4.48% 4.48% 4.48% 1YR_TRES
9.72 9.74 9.80 9.67 9.30 8.82 AVG. LIFE
09/07 03/06 01/05 01/07 02/05 10/03 1ST PRIN
PRICE 05/09 08/13 10/13 02/09 02/09 02/09 LAST PRIN
- ----------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
101:0 5.938 5.937 5.937 5.937 5.931 5.924 Yield
7.19 7.18 7.18 7.16 6.94 6.64 Duration
- ----------------------------------------------------------------------------------------------------------------------
101:4 5.920 5.920 5.920 5.920 5.914 5.905 Yield
7.19 7.19 7.19 7.16 6.94 6.64 Duration
- ----------------------------------------------------------------------------------------------------------------------
101:8 5.903 5.903 5.903 5.902 5.896 5.886 Yield
7.19 7.19 7.19 7.16 6.94 6.65 Duration
- ----------------------------------------------------------------------------------------------------------------------
101:12 5.886 5.886 5.886 5.885 5.878 5.868 Yield
7.20 7.19 7.19 7.16 6.95 6.65 Duration
- ----------------------------------------------------------------------------------------------------------------------
101:16 5.869 5.869 5.869 5.868 5.860 5.849 Yield
7.20 7.19 7.19 7.17 6.95 6.65 Duration
- ----------------------------------------------------------------------------------------------------------------------
101:20 5.852 5.852 5.852 5.851 5.843 5.831 Yield
7.20 7.20 7.20 7.17 6.95 6.65 Duration
- ----------------------------------------------------------------------------------------------------------------------
101:24 5.835 5.835 5.835 5.834 5.825 5.813 Yield
7.20 7.20 7.20 7.17 6.95 6.66 Duration
- ----------------------------------------------------------------------------------------------------------------------
101:28 5.818 5.818 5.818 5.817 5.807 5.794 Yield
7.20 7.20 7.20 7.17 6.95 6.66 Duration
- ----------------------------------------------------------------------------------------------------------------------
102:0 5.801 5.801 5.801 5.800 5.790 5.776 Yield
7.21 7.20 7.20 7.18 6.96 6.66 Duration
- ----------------------------------------------------------------------------------------------------------------------
</TABLE>
This information should be considered only after reading Bear Stearns'
Statement Regarding Assumptions as to Securities, Pricing Estimates, and Other
Information ("the Statement"), which should be attached. Do not use or rely on
this information if you have not received and reviewed the Statement. You may
obtain a copy of the Statement from your sales representative.
<PAGE>
BEAR STEARNS & CO.
CAPUTO
BSCMS-99C1B
January 22, 1999
12:53PM EST
Page 1 of 1
BSCMS-99C1B CLASS A2 (A2 )
AAA RATED TRANCHE
ORIG BAL 280,821,086 FAC 1.00000 COUP 6.030 MAT / /
WAC-7.081(7.138) WAM-11/2025(322)
PRICE/YIELD VIEW Fact Thru 09/9999 Hist Coupons Adv(P&I)
SETTLE DATE 10-Feb-1999 CURVE DATE 21-Jan-1999 Tranche: A2 (A2 )
<TABLE>
<CAPTION>
0% CPP 20% CPP 40% CPP 60% CPP 80% CPP 100% CPP PREPAY
12L60R300BCDR 12L60R300BCDR 12L60R300BCDR 12L60R300BCDR 12L60R300BCDR 12L60R300BCDR LOSSES
4.47943% 4.47943% 4.47943% 4.47943% 4.47943% 4.47943% 1YR_TRES
9.5072 9.5067 9.5061 9.5053 9.5042 9.4953 AVG. LIFE
PRICE 10/05-04/11 10/05-04/11 10/05-04/11 10/05-04/11 10/05-04/11 10/05-04/11 PRIN WIN
- ----------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
101:0 5.934 5.934 5.934 5.934 5.934 5.934 Yield
7.06 7.06 7.06 7.06 7.06 7.05 Duration
- ----------------------------------------------------------------------------------------------------------------------
101:4 5.917 5.917 5.917 5.917 5.917 5.917 Yield
7.06 7.06 7.06 7.06 7.06 7.06 Duration
- ----------------------------------------------------------------------------------------------------------------------
101:8 5.900 5.899 5.899 5.899 5.899 5.899 Yield
7.06 7.06 7.06 7.06 7.06 7.06 Duration
- ----------------------------------------------------------------------------------------------------------------------
101:12 5.882 5.882 5.882 5.882 5.882 5.882 Yield
7.07 7.07 7.07 7.07 7.06 7.06 Duration
- ----------------------------------------------------------------------------------------------------------------------
101:16 5.865 5.865 5.865 5.865 5.865 5.864 Yield
7.07 7.07 7.07 7.07 7.07 7.06 Duration
- ----------------------------------------------------------------------------------------------------------------------
101:20 5.847 5.847 5.847 5.847 5.847 5.847 Yield
7.07 7.07 7.07 7.07 7.07 7.06 Duration
- ----------------------------------------------------------------------------------------------------------------------
101:24 5.830 5.830 5.830 5.830 5.830 5.830 Yield
7.07 7.07 7.07 7.07 7.07 7.07 Duration
- ----------------------------------------------------------------------------------------------------------------------
101:28 5.813 5.813 5.813 5.813 5.813 5.812 Yield
7.08 7.07 7.07 7.07 7.07 7.07 Duration
- ----------------------------------------------------------------------------------------------------------------------
102:0 5.795 5.795 5.795 5.795 5.795 5.795 Yield
7.08 7.08 7.08 7.08 7.08 7.07 Duration
- ----------------------------------------------------------------------------------------------------------------------
</TABLE>
This information should be considered only after reading Bear Stearns'
Statement Regarding Assumptions as to Securities, Pricing Estimates, and Other
Information ("the Statement"), which should be attached. Do not use or rely on
this information if you have not received and reviewed the Statement. You may
obtain a copy of the Statement from your sales representative.
<PAGE>
BEAR STEARNS & CO.
SEDMAK
BSCMS-99C1B
January 22, 1999
01:01PM EST
Page 1 of 1
BSCMS-99C1B CLASS B (B )
AA RATED SUB
ORIG BAL 23,900,199 FAC 1.00000 COUP 6.190 MAT / /
WAC-7.081(7.138) WAM-11/2025(322)
PRICE/YIELD VIEW Fact Thru 09/9999 Hist Coupons Adv(P&I)
SETTLE DATE 10-Feb-1999 CURVE DATE 22-Jan-1999 Tranche: B (B )
<TABLE>
<CAPTION>
0% CPP 20% CPP 40% CPP 60% CPP 80% CPP 100% CPP PREPAY
12L60R300BCDR 12L60R300BCDR 12L60R300BCDR 12L60R300BCDR 12L60R300BCDR 12L60R300BCDR LOSSES
4.48% 4.48% 4.48% 4.48% 4.48% 4.48% 1YR_TRES
14.04 14.04 14.04 14.04 14.04 14.04 AVG. LIFE
04/11 04/11 04/11 04/11 04/11 04/11 1ST PRIN
PRICE 10/13 10/13 10/13 10/13 10/13 10/13 LAST PRIN
- ----------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
101:0 6.138 6.138 6.138 6.138 6.138 6.138 Yield
9.16 9.16 9.16 9.16 9.16 9.16 Duration
- ----------------------------------------------------------------------------------------------------------------------
101:4 6.124 6.124 6.124 6.124 6.124 6.124 Yield
9.17 9.17 9.17 9.17 9.17 9.17 Duration
- ----------------------------------------------------------------------------------------------------------------------
101:8 6.111 6.111 6.111 6.111 6.111 6.111 Yield
9.17 9.17 9.17 9.17 9.17 9.17 Duration
- ----------------------------------------------------------------------------------------------------------------------
101:12 6.097 6.097 6.097 6.097 6.097 6.097 Yield
9.18 9.18 9.18 9.18 9.18 9.18 Duration
- ----------------------------------------------------------------------------------------------------------------------
101:16 6.084 6.084 6.084 6.084 6.084 6.084 Yield
9.18 9.18 9.18 9.18 9.18 9.18 Duration
- ----------------------------------------------------------------------------------------------------------------------
101:20 6.070 6.070 6.070 6.070 6.070 6.070 Yield
9.18 9.18 9.18 9.18 9.18 9.18 Duration
- ----------------------------------------------------------------------------------------------------------------------
101:24 6.057 6.057 6.057 6.057 6.057 6.057 Yield
9.19 9.19 9.19 9.19 9.19 9.19 Duration
- ----------------------------------------------------------------------------------------------------------------------
101:28 6.044 6.044 6.044 6.044 6.044 6.044 Yield
9.19 9.19 9.19 9.19 9.19 9.19 Duration
- ----------------------------------------------------------------------------------------------------------------------
102:0 6.030 6.030 6.030 6.030 6.030 6.030 Yield
9.19 9.19 9.19 9.19 9.19 9.19 Duration
- ----------------------------------------------------------------------------------------------------------------------
</TABLE>
This information should be considered only after reading Bear Stearns'
Statement Regarding Assumptions as to Securities, Pricing Estimates, and Other
Information ("the Statement"), which should be attached. Do not use or rely on
this information if you have not received and reviewed the Statement. You may
obtain a copy of the Statement from your sales representative.
<PAGE>
BEAR STEARNS & CO.
CAPUTO
BSCMS-99C1B
January 25, 1999
10:02AM EST
Page 1 of 1
BSCMS-99C1B CLASS A1 (A1 )
AAA RATED TRANCHE
ORIG BAL 89,632,000 FAC 1.00000 COUP 5.920 MAT / /
WAC-7.081(7.138) WAM-11/2025(322)
PRICE/YIELD VIEW *No Prepay During Yield Mat.
*Fact Thru 09/9999 Hist Coupons Adv(P&I)
SETTLE DATE 10-Feb-1999 CURVE DATE 25-Jan-1999 Tranche: A1 (A1 )
----------------------------------
POOL1 PREPAY
POOL LOSSES
4.467% 1YR_TRES
PRICE 3.9926 AVG. LIFE
03/99 1ST PRIN
03/06 LAST PRIN
----------------------------------
101:0 5.638 Yield
3.40 Duration
----------------------------------
101:4 5.601 Yield
3.40 Duration
----------------------------------
101:8 5.565 Yield
3.41 Duration
----------------------------------
101:12 5.529 Yield
3.41 Duration
----------------------------------
101:16 5.493 Yield
3.41 Duration
----------------------------------
101:20 5.457 Yield
3.41 Duration
----------------------------------
101:24 5.421 Yield
3.41 Duration
----------------------------------
101:28 5.385 Yield
3.41 Duration
----------------------------------
102:0 5.349 Yield
3.42 Duration
----------------------------------
Default Scenario with Largest Loan Layered
This information should be considered only after reading Bear Stearns'
Statement Regarding Assumptions as to Securities, Pricing Estimates, and Other
Information ("the Statement"), which should be attached. Do not use or rely on
this information if you have not received and reviewed the Statement. You may
obtain a copy of the Statement from your sales representative.
<PAGE>
BEAR STEARNS & CO.
CAPUTO
BSCMS-99C1B
January 25, 1999
09:49AM EST
Page 1 of 1
BSCMS-99C1B CLASS A1 (A1 )
AAA RATED TRANCHE
ORIG BAL 89,632,000 FAC 1.00000 COUP 5.920 MAT / /
WAC-7.081(7.138) WAM-11/2025(322)
PRICE/YIELD VIEW *No Prepay During Yield Mat.
*Fact Thru 09/9999 Hist Coupons Adv(P&I)
SETTLE DATE 10-Feb-1999 CURVE DATE 22-Jan-1999 Tranche: A1 (A1 )
----------------------------------
100% CPP PREPAY
12L70R200RAMP LOSSES
4.467% 1YR_TRES
PRICE 4.7043 AVG. LIFE
03/99 1ST PRIN
10/06 LAST PRIN
----------------------------------
101:0 5.685 Yield
3.92 Duration
----------------------------------
101:4 5.654 Yield
3.93 Duration
----------------------------------
101:8 5.622 Yield
3.93 Duration
----------------------------------
101:12 5.591 Yield
3.93 Duration
----------------------------------
101:16 5.559 Yield
3.93 Duration
----------------------------------
101:20 5.528 Yield
3.93 Duration
----------------------------------
101:24 5.497 Yield
3.94 Duration
----------------------------------
101:28 5.466 Yield
3.94 Duration
----------------------------------
102:0 5.435 Yield
3.94 Duration
----------------------------------
30 Months @ 2 CDR - After 12 Months 30% Loss
This information should be considered only after reading Bear Stearns'
Statement Regarding Assumptions as to Securities, Pricing Estimates, and Other
Information ("the Statement"), which should be attached. Do not use or rely on
this information if you have not received and reviewed the Statement. You may
obtain a copy of the Statement from your sales representative.
<PAGE>
BEAR STEARNS & CO.
CAPUTO
BSCMS-EXT2
January 24, 1999
03:52PM EST
Page 1 of 1
BSCMS-EXT2 CLASS A1 (A1 )
AAA RATED TRANCHE
ORIG BAL 89,632,000 FAC 1.00000 COUP 5.920 MAT / /
WAC-7.081(7.138) WAM-11/2025(322)
PRICE/YIELD VIEW Fact Thru 09/9999 Hist Coupons
SETTLE DATE 10-Feb-1999 CURVE DATE 22-Jan-1999 Tranche: A1 (A1 )
----------------------------------
0% CPP PREPAY
LOSSES
4.4458% 1YR_TRES
PRICE 5.5674 AVG. LIFE
03/99 1ST PRIN
07/08 LAST PRIN
----------------------------------
101:0 5.724 Yield
4.49 Duration
----------------------------------
101:4 5.696 Yield
4.49 Duration
----------------------------------
101:8 5.669 Yield
4.49 Duration
----------------------------------
101:12 5.641 Yield
4.49 Duration
----------------------------------
101:16 5.614 Yield
4.50 Duration
----------------------------------
101:20 5.587 Yield
4.50 Duration
----------------------------------
101:24 5.559 Yield
4.50 Duration
----------------------------------
101:28 5.532 Yield
4.50 Duration
----------------------------------
102:0 5.505 Yield
4.51 Duration
----------------------------------
50% Extend 3 yrs
This information should be considered only after reading Bear Stearns'
Statement Regarding Assumptions as to Securities, Pricing Estimates, and Other
Information ("the Statement"), which should be attached. Do not use or rely on
this information if you have not received and reviewed the Statement. You may
obtain a copy of the Statement from your sales representative.
<PAGE>
BEAR STEARNS & CO.
CAPUTO
BSCMS-EXT2
January 24, 1999
05:53PM EST
Page 1 of 1
BSCMS-EXT2 CLASS A1 (A1 )
AAA RATED TRANCHE
ORIG BAL 89,632,000 FAC 1.00000 COUP 5.920 MAT / /
WAC-7.081(7.138) WAM-11/2025(322)
PRICE/YIELD VIEW Fact Thru 09/9999 Hist Coupons
SETTLE DATE 10-Feb-1999 CURVE DATE 22-Jan-1999 Tranche: A1 (A1 )
----------------------------------
0% CPP
PREPAY
4.45663% LOSSES
PRICE 5.5324 1YR_TRES
03/99- AVG. LIFE
06/08 PRIN WIN
----------------------------------
101:0 5.722 Yield
4.47 Duration
----------------------------------
101:4 5.695 Yield
4.47 Duration
----------------------------------
101:8 5.667 Yield
4.47 Duration
----------------------------------
101:12 5.640 Yield
4.47 Duration
----------------------------------
101:16 5.612 Yield
4.48 Duration
----------------------------------
101:20 5.585 Yield
4.48 Duration
----------------------------------
101:24 5.557 Yield
4.48 Duration
----------------------------------
101:28 5.530 Yield
4.48 Duration
----------------------------------
102:0 5.503 Yield
4.49 Duration
----------------------------------
25% Extend 3 yrs
This information should be considered only after reading Bear Stearns'
Statement Regarding Assumptions as to Securities, Pricing Estimates, and Other
Information ("the Statement"), which should be attached. Do not use or rely on
this information if you have not received and reviewed the Statement. You may
obtain a copy of the Statement from your sales representative.
<PAGE>
BEAR STEARNS & CO.
SEDMAK
BSCMS-99C1B
January 26, 1999
06:01PM EST
Page 1 of 1
BSCMS-99C1B CLASS A1 (A1 )
AAA RATED TRANCHE
ORIG BAL 89,632,000 FAC 1.00000 COUP 5.920 MAT / /
WAC-7.081(7.138) WAM-11/2025(322)
PRICE/YIELD VIEW Fact Thru 09/9999 Hist Coupons
SETTLE DATE 10-Feb-1999 CURVE DATE 25-Jan-1999 Tranche: A1 (A1 )
<TABLE>
<CAPTION>
PREPAY
0% CPP 10% CPP 20 0% CPP 30% CPP 40% CPP 50% CPP 100% CPP LOSSES
4.4724% 4.4724% 4.4724% 4.4724% 4.4724% 4.4724% 4.4724% 1YR_TRES
5.50 5.32 5.19 5.09 5.02 4.96 4.73 AVG. LIFE
03/99 03/99 03/99 03/99 03/99 03/99 03/99 1ST PRIN
PRICE 05/08 05/08 01/08 11/07 09/07 08/07 07/07 LAST PRIN
- -----------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
101:0 5.721 5.785 5.831 5.866 5.893 5.914 5.983 Yield
4.45 4.33 4.25 4.18 4.13 4.09 3.92 Duration
- -----------------------------------------------------------------------------------------------------------------------------
101:4 5.693 5.756 5.802 5.837 5.863 5.884 5.952 Yield
4.45 4.33 4.25 4.18 4.13 4.09 3.92 Duration
- -----------------------------------------------------------------------------------------------------------------------------
101:8 5.666 5.728 5.773 5.807 5.833 5.853 5.920 Yield
4.45 4.34 4.25 4.18 4.13 4.09 3.92 Duration
- -----------------------------------------------------------------------------------------------------------------------------
101:12 5.638 5.699 5.744 5.778 5.804 5.823 5.889 Yield
4.45 4.34 4.25 4.19 4.13 4.09 3.92 Duration
- -----------------------------------------------------------------------------------------------------------------------------
101:16 5.610 5.671 5.715 5.748 5.774 5.793 5.857 Yield
4.46 4.34 4.26 4.19 4.14 4.09 3.93 Duration
- -----------------------------------------------------------------------------------------------------------------------------
101:20 5.583 5.643 5.686 5.719 5.744 5.763 5.826 Yield
4.46 4.34 4.26 4.19 4.14 4.10 3.93 Duration
- -----------------------------------------------------------------------------------------------------------------------------
101:24 5.555 5.614 5.657 5.690 5.714 5.733 5.795 Yield
4.46 4.35 4.26 4.19 4.14 4.10 3.93 Duration
- -----------------------------------------------------------------------------------------------------------------------------
101:28 5.528 5.586 5.629 5.661 5.685 5.703 5.764 Yield
4.46 4.35 4.26 4.20 4.14 4.10 3.93 Duration
- -----------------------------------------------------------------------------------------------------------------------------
102:0 5.500 5.558 5.600 5.631 5.655 5.673 5.733 Yield
4.47 4.35 4.26 4.20 4.15 4.10 3.93 Duration
- -----------------------------------------------------------------------------------------------------------------------------
</TABLE>
#1 NO PREPAY THRU LOCKOUT
This information should be considered only after reading Bear Stearns'
Statement Regarding Assumptions as to Securities, Pricing Estimates, and Other
Information ("the Statement"), which should be attached. Do not use or rely on
this information if you have not received and reviewed the Statement. You may
obtain a copy of the Statement from your sales representative.
<PAGE>
BEAR STEARNS & CO.
SEDMAK
BSCMS-99C1B
January 25, 1999
03:14PM EST
Page 1 of 1
BSCMS-99C1B CLASS A1 (A1 )
AAA RATED TRANCHE
ORIG BAL 89,632,000 FAC 1.00000 COUP 5.920 MAT / /
WAC- 7.081(7.138) WAM-11/2025(322)
PRICE/YIELD VIEW *No Prepay During Yield Mat.
* Fact Thru 09/9999 Hist Coupons Adv(P&I)
SETTLE DATE 10-Feb-1999 CURVE DATE 25-Jan-1999 Tranche: A1 (A1 )
<TABLE>
<CAPTION>
0% CPP 0% CPP 0% CPP 0% CPP 0% CPP 0% CPP PREPAY
NO_LOSS 12L50R300BCDR 12L50600BCDR 12L50R900BCDR 12L50R1200BCDR 12L50R1500BCDR LOSSES
4.4724% 4.4724% 4.4724% 4.4724% 4.4724% 4.4724% 1YR_TRES
5.50 3.86 3.00 2.51 2.20 2.00 AVG. LIFE
03/99 03/99 03/99 03/99 03/99 03/99 1ST PRIN
PRICE 05/08 03/06 08/04 07/03 11/02 05/02 LAST PRIN
- ----------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
101:0 5.721 5.626 5.535 5.457 5.390 5.332 Yield
4.45 3.92 2.64 2.26 2.00 1.83 Duration
- ----------------------------------------------------------------------------------------------------------------------
101:4 5.693 5.588 5.489 5.402 5.328 5.264 Yield
4.45 3.30 2.64 2.26 2.01 1.83 Duration
- -------------------------------------------------------------------------------------------------------------------
101:8 5.666 5.551 5.442 5.347 5.267 5.197 Yield
4.45 3.30 2.64 2.26 2.01 1.83 Duration
- -------------------------------------------------------------------------------------------------------------------
101:12 5.638 5.514 5.395 5.293 5.205 5.130 Yield
4.45 3.30 2.65 2.26 2.01 1.83 Duration
- -------------------------------------------------------------------------------------------------------------------
101:16 5.610 5.476 5.349 5.238 5.144 5.062 Yield
4.46 3.30 2.65 2.26 2.01 1.83 Duration
- -------------------------------------------------------------------------------------------------------------------
101:20 5.583 5.439 5.302 5.184 5.083 4.995 Yield
4.46 3.30 2.65 2.26 2.01 1.83 Duration
- -------------------------------------------------------------------------------------------------------------------
101:24 5.555 5.402 5.256 5.130 5.022 4.929 Yield
4.46 3.31 2.65 2.26 2.01 1.84 Duration
- -------------------------------------------------------------------------------------------------------------------
101:28 5.528 5.365 5.210 5.076 4.961 4.862 Yield
4.46 3.31 2.65 2.26 2.01 1.84 Duration
- -------------------------------------------------------------------------------------------------------------------
102:0 5.500 5.328 5.164 5.022 4.900 4.795 Yield
4.47 3.31 2.65 2.27 2.01 1.84 Duration
- -------------------------------------------------------------------------------------------------------------------
</TABLE>
This information should be considered only after reading Bear Stearns'
Statement Regarding Assumptions as to Securities, Pricing Estimates, and Other
Information ("the Statement"), which should be attached. Do not use or rely on
this information if you have not received and reviewed the Statement. You may
obtain a copy of the Statement from your sales representative.
<PAGE>
BEAR STEARNS & CO.
SEDMAK
BSCMS-99C1B
January 25, 1999
03:22PM EST
Page 1 of 1
BSCMS-99C1B CLASS A2 (A2 )
AAA RATED TRANCHE
ORIG BAL 280,821,086 FAC 1.00000 COUP 6.030 MAT / /
WAC-7.081(7.138) WAM-11/2025(322)
PRICE/YIELD VIEW Fact Thru 09/9999 Hist Coupons Adv(P&I)
SETTLE DATE 10-Feb-1999 CURVE DATE 25-Jan-1999 Tranche: A2 (A2 )
<TABLE>
<CAPTION>
0% CPP 0% CPP 0% CPP 0% CPP 0% CPP 0% CPP PREPAY
NO_LOSS 12L50R300BCDR 12L50R600BCDR 12L50R900BCDR 12L50R1200BCDR 12L50R1500BCDR LOSSES
4.4724% 4.4724% 4.4724% 4.4724% 4.4724% 4.4724% 1YR_TRES
9.75 9.74 9.81 9.27 8.56 7.84 AVG. LIFE
05/08 03/06 08/04 07/03 11/02 05/02 1ST PRIN
PRICE 02/09 08/13 11/13 08/18 08/18 08/18 LAST PRIN
- ----------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
101:0 5.938 5.937 5.937 5.532 5.105 4.743 Yield
7.20 7.18 7.17 6.99 6.78 6.58 Duration
- ----------------------------------------------------------------------------------------------------------------------
101:4 5.921 5.920 5.920 5.514 5.087 4.724 Yield
7.20 7.19 7.17 6.99 6.78 6.59 Duration
- ----------------------------------------------------------------------------------------------------------------------
101:8 5.904 5.903 5.903 5.497 5.069 4.705 Yield
7.21 7.19 7.18 7.00 6.79 6.59 Duration
- ----------------------------------------------------------------------------------------------------------------------
101:12 5.886 5.886 5.886 5.479 5.051 4.686 Yield
7.21 7.19 7.18 7.00 6.79 6.59 Duration
- ----------------------------------------------------------------------------------------------------------------------
101:16 5.869 5.869 5.868 5.461 5.033 4.668 Yield
7.21 7.19 7.18 7.00 6.79 6.60 Duration
- ----------------------------------------------------------------------------------------------------------------------
101:20 5.852 5.852 5.851 5.444 5.051 4.649 Yield
7.21 7.20 7.18 7.01 6.79 6.60 Duration
- ----------------------------------------------------------------------------------------------------------------------
101:24 5.835 5.835 5.834 5.426 4.997 4.630 Yield
7.22 7.20 7.19 7.01 6.80 6.60 Duration
- ----------------------------------------------------------------------------------------------------------------------
101:28 5.818 5.818 5.817 5.409 4.979 4.612 Yield
7.22 7.20 7.19 7.01 6.80 6.61 Duration
- ----------------------------------------------------------------------------------------------------------------------
102:0 5.801 5.801 5.800 5.391 4.961 4.593 Yield
7.22 7.20 7.19 7.02 6.80 6.61 Duration
- ----------------------------------------------------------------------------------------------------------------------
</TABLE>
This information should be considered only after reading Bear Stearns'
Statement Regarding Assumptions as to Securities, Pricing Estimates, and Other
Information ("the Statement"), which should be attached. Do not use or rely on
this information if you have not received and reviewed the Statement. You may
obtain a copy of the Statement from your sales representative.
