<PAGE>
--------------------------------------------------------------------------------
MORGAN STANLEY DEAN WITTER [GRAPHIC] December 5, 2000
SECURITIZED PRODUCTS GROUP
--------------------------------------------------------------------------------
COMPUTATIONAL MATERIALS
$465,000,000 (APPROXIMATE)
AAMES MORTGAGE TRUST 2000-2
MORTGAGE LOAN ASSET-BACKED CERTIFICATES
SERIES 2000-2
--------------------------------------------------------------------------------
This information is being delivered to a specific number of prospective
sophisticated investors in order to assist them in determining whether they have
an interest in the type of security described herein. It has been prepared
solely for information purposes and is not an offer to buy or sell or a
solicitation of an offer to buy or sell any security or instrument or to
participate in any trading strategy. This material is based on information that
Morgan Stanley & Co. Incorporated ("Morgan Stanley") considers reliable. Morgan
Stanley makes no representation or warranty with respect to the accuracy or
completeness of the information, or with respect to the terms of any future
offer of securities conforming to the terms hereof. Any such offer of securities
would be made pursuant to a definitive Prospectus or Private Placement
Memorandum, as the case may be, prepared by the issuer which could contain
material information not contained herein and to which the prospective
purchasers are referred. In the event of any such offering, this information
shall be deemed superseded, amended and supplemented in its entirety by such
Prospectus or Private Placement Memorandum. Such Prospectus or Private Placement
will contain all material information in respect of any securities offered
thereby and any decision to invest in such securities should be made solely in
reliance upon such Prospectus or Private Placement Memorandum. The information
contained here in may be based on assumptions regarding market conditions and
other matters as reflected therein and is therefore subject to change. We make
no representations regarding the reasonableness of such assumptions or the
likelihood that any of such assumptions will coincide with actual market
conditions or events, and this material should not be relied on for such
purposes. No representation is made that any returns indicated will be achieved.
Changes to the assumptions may have a material impact on any returns detailed.
Morgan Stanley disclaims any and all liability relating to this information,
including without limitation any express or implied representations or
warranties for, statements contained in, and omissions from the information
contained here in. Additional information is available upon request. Morgan
Stanley and others associated with it may have positions in, and may effect
transaction in, securities and instruments of issuers mentioned herein and may
also perform or seek to perform investment banking services for the issuers of
such securities and instruments. Past performance is not necessarily indicative
of future results. Price and availability are subject to change without notice.
Information contained in this material is current as of the date appearing on
this material only. Information in this material regarding any assets backing
any securities discussed herein supercedes all prior information regarding such
assets. Morgan Stanley is acting as the lead underwriter and not acting as agent
for the issuer or its affiliates in connection with the proposed transaction. To
our readers worldwide: In addition, please note that this publication has been
issued by Morgan Stanley, approved by Morgan Stanley International Limited, a
member of The Securities and Futures Authority, and by Morgan Stanley Japan Ltd.
We recommend that such investors obtain the advice of their Morgan Stanley,
Morgan Stanley International or Morgan Stanley Japan Ltd. representative about
the investments concerned. NOT FOR DISTRIBUTION TO PRIVATE CUSTOMERS AS DEFINED
BY THE U.K. SECURITIES AND FUTURES AUTHORITY.
<PAGE>
$465,000,000 AAMES MORTGAGE TRUST 2000-2
COUNTRYWIDE HOME LOANS, INC. -- MASTER SERVICER
TRANSACTION HIGHLIGHTS
<TABLE>
<CAPTION>
----------------------------------------------------------------------------------------------------------------------------------
EXPECTED MODIFIED PAYMENT WINDOW TO
RATINGS AVG LIFE DURATION CALL / MTY(1)(2)
(S&P/ TO CALL / TO CALL /
CLASS DESCRIPTION MOODY'S) BALANCE MTY(1)(2) MTY(1)(2) DAY COUNT BENCHMARK
==================================================================================================================================
<S> <C> <C> <C> <C> <C> <C> <C> <C>
A-1F FRM Fixed SEQ AAA/Aaa $40,000,000 0.92 / 0.92 0.86 / 0.86 1/01-7/02 / 30/360 EDSF
1/01-7/02
----------------------------------------------------------------------------------------------------------------------------------
A-2F FRM Fixed SEQ AAA/Aaa 22,000,000 2.01 / 2.01 1.82 / 1.82 7/02-5/03 / 30/360 Swaps
7/02-5/03
----------------------------------------------------------------------------------------------------------------------------------
A-3F FRM Fixed SEQ AAA/Aaa 21,000,000 2.99 / 2.99 2.61 / 2.61 5/03-7/04 / 30/360 Swaps
5/03-7/04
----------------------------------------------------------------------------------------------------------------------------------
A-4F FRM Fixed SEQ AAA/Aaa 31,000,000 4.98 / 4.98 4.02 / 4.02 7/04-11/07 / 30/360 Swaps
7/04-11/07
----------------------------------------------------------------------------------------------------------------------------------
A-5F FRM Fixed SEQ AAA/Aaa 20,735,542 8.82 /10.88 6.20 / 7.02 11/07-3/10 / 30/360 Swaps
11/07-9/20
----------------------------------------------------------------------------------------------------------------------------------
A-6F FRM NAS Class AAA/Aaa 10,141,385 6.64 / 6.74 5.05 / 5.10 1/04-3/10 / 30/360 Swaps
1/04-7/20
----------------------------------------------------------------------------------------------------------------------------------
A-V1 ARM Floater AAA/Aaa 259,676,318 2.91 / 2.94 N/A 1/01-3/10 / Actual/360 1 mo Libor
1/01-11/13
----------------------------------------------------------------------------------------------------------------------------------
A-V2 ARM Floater AAA/Aaa 60,446,755 2.91 / 2.94 N/A 1/01-3/10 / Actual/360 1 mo Libor
1/01-11/13
----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
NOTES: (1) Both the Fixed Rate Certificates and ARM Certificates are
priced to the 5% optional clean-up call.
(2) Based on the pricing prepayment speed. See details below.
ISSUER: Aames Mortgage Trust 2000-2
SPONSOR: Aames Capital Corporation
MASTER SERVICER: Countrywide Home Loans, Inc.
TRUSTEE: Bankers Trust Company of California, N.A.
MANAGERS: MORGAN STANLEY DEAN WITTER (LEAD MANAGER);
GREENWICH CAPITAL MARKETS, INC., LEHMAN
BROTHERS, INC. AND COUNTRYWIDE SECURITIES
CORPORATION (CO-MANAGERS ARM CERTIFICATES)
EXPECTED PRICING DATE: December [5], 2000
EXPECTED SETTLEMENT DATE: December [19], 2000 through DTC, Euroclear,
and CEDEL Settles with accrued interest on
the Fixed Rate Certificates and settles
without accrued interest on the ARM
Certificates
--------------------------------------------------------------------------------
This information is being delivered to a specific number of prospective
sophisticated investors in order to assist them in determining whether they have
an interest in the type of security described herein. It has been prepared
solely for information purposes and is not an offer to buy or sell or a
solicitation of an offer to buy or sell any security or instrument or to
participate in any trading strategy. This material is based on information that
Morgan Stanley & Co. Incorporated ("Morgan Stanley") considers reliable. Morgan
Stanley makes no representation or warranty with respect to the accuracy or
completeness of the information, or with respect to the terms of any future
offer of securities conforming to the terms hereof. Any such offer of securities
would be made pursuant to a definitive Prospectus or Private Placement
Memorandum, as the case may be, prepared by the issuer which could contain
material information not contained herein and to which the prospective
purchasers are referred. In the event of any such offering, this information
shall be deemed superseded, amended and supplemented in its entirety by such
Prospectus or Private Placement Memorandum. Such Prospectus or Private Placement
will contain all material information in respect of any securities offered
thereby and any decision to invest in such securities should be made solely in
reliance upon such Prospectus or Private Placement Memorandum. The information
contained here in may be based on assumptions regarding market conditions and
other matters as reflected therein and is therefore subject to change. We make
no representations regarding the reasonableness of such assumptions or the
likelihood that any of such assumptions will coincide with actual market
conditions or events, and this material should not be relied on for such
purposes. No representation is made that any returns indicated will be achieved.
Changes to the assumptions may have a material impact on any returns detailed.
Morgan Stanley disclaims any and all liability relating to this information,
including without limitation any express or implied representations or
warranties for, statements contained in, and omissions from the information
contained here in. Additional information is available upon request. Morgan
Stanley and others associated with it may have positions in, and may effect
transaction in, securities and instruments of issuers mentioned herein and may
also perform or seek to perform investment banking services for the issuers of
such securities and instruments. Past performance is not necessarily indicative
of future results. Price and availability are subject to change without notice.
Information contained in this material is current as of the date appearing on
this material only. Information in this material regarding any assets backing
any securities discussed herein supercedes all prior information regarding such
assets. Morgan Stanley is acting as the lead underwriter and not acting as agent
for the issuer or its affiliates in connection with the proposed transaction. To
our readers worldwide: In addition, please note that this publication has been
issued by Morgan Stanley, approved by Morgan Stanley International Limited, a
member of The Securities and Futures Authority, and by Morgan Stanley Japan Ltd.
We recommend that such investors obtain the advice of their Morgan Stanley,
Morgan Stanley International or Morgan Stanley Japan Ltd. representative about
the investments concerned. NOT FOR DISTRIBUTION TO PRIVATE CUSTOMERS AS DEFINED
BY THE U.K. SECURITIES AND FUTURES AUTHORITY.
<PAGE>
TRANSACTION HIGHLIGHTS (CONT'D)
DISTRIBUTION DATES: The 25th of each month, or if such day is not
a business day, on the next business day,
beginning January 25, 2001
MORTGAGE LOANS: The Trust will consist of three groups of
sub-prime residential mortgage loans:
- Group I consists of primarily of 1,515
fixed rate Statistical Calculation
Mortgage Loans with an aggregate balance
of approximately $113,237,743.46.
Approximately 6.80% of Additional
Mortgage Loans will be added to Loan
Group I on the closing date.
- Group II consists of primarily of 1,996
conforming balance adjustable rate
Statistical Calculation Mortgage Loans
with an aggregate balance of
approximately $202,966,482.96.
Approximately 12.20% of Additional
Mortgage Loans will be added to Loan
Group II on the closing date.
- Group III consists of primarily of 280
conforming and non-conforming balance
adjustable rate Statistical Calculation
Mortgage Loans with an aggregate balance
of approximately $47,245,991.87.
Approximately 2.84% of Additional
Mortgage Loans will be added to Loan
Group III on the closing date.
PRICING PREPAYMENT SPEED: - FIXED RATE CERTIFICATES: The Fixed Rate
Certificates assume 110% PPC which
equates to a ramped CPR starting at 4%
CPR in the first month increasing to 20%
CPR over 12 months, and remaining at 20%
CPR thereafter on a seasoning adjusted
basis
- ARM CERTIFICATES: The ARM Certificates
assume 100% PPC which equates to a ramped
CPR starting at 4% CPR in the first month
increasing to 35% CPR over 22 months, and
remaining at 35% CPR thereafter on a
seasoning adjusted basis
CREDIT ENHANCEMENT: Each of the Fixed Rate Certificates and ARM
Certificates are credit enhanced by excess
spread from the mortgage loans,
cross-collateralization of the cash flows of
the three groups of mortgage loans,
overcollateralization and a certificate
insurance policy from Financial Security
Assurance Inc.
CLASS A-6 NAS CERTIFICATES: The Class A-6 NAS Certificates pay according
to the following schedule (of its pro-rata
share):
JANUARY 2001 - DECEMBER 2003: 0%
JANUARY 2004 - DECEMBER 2005: 45%
JANUARY 2006 - DECEMBER 2006: 80%
JANUARY 2007 - DECEMBER 2007: 100%
JANUARY 2008 AND THEREAFTER: 300%
OPTIONAL CLEAN-UP CALL: When the principal balance of the mortgage
loans (aggregate of Fixed Rate Group I, ARM
Group II and ARM Group III) is less than or
equal to 5% of the aggregate original
certificate principal balance of the Class A
Certificates.
STEP-UP COUPONS: The coupon on the Class A-5F, A-6F, A-V1 and
A-V2 Certificates will increase after the
clean-up call date should the call not be
exercised.
CLASS A-V1 PASS-THROUGH RATES: The Class A-V1 Certificates will accrue
interest at a variable rate equal to the
least of (i) one-month LIBOR plus [ ] bps
([ ] bps after the first date on which the
Clean-up Call is exercisable); (ii) the Loan
Group II Cap; and (iii) 14%.
CLASS A-V2 PASS-THROUGH RATES: The Class A-V2 CertificatesS will accrue
interest at a variable rate equal to the
least of (i) one-month LIBOR plus [ ] bps
([ ] bps after the first date on which the
Clean-up Call is exercisable); (ii) the Loan
Group III Cap; and (iii) 14%.
AVAILABLE FUNDS CAP: As to any Distribution Date (i) in the case
of the [Class A-5F and Class A-6F
Certificates] the Loan Group I Cap, (ii) in
the case of the Class A-V1 Certificates, the
Loan Group II Cap and (iii) in the case of
the Class A-V2 Certificates, the Loan Group
III Cap.
LOAN GROUP I CAP: As to any Distribution Date, a per annum rate
equal to the weighted average gross rate of
the Loan Group I Mortgage Loans less
servicing, mortgage insurance, certificate
insurer and trustee fee rates.
--------------------------------------------------------------------------------
3
This information is being delivered to a specific number of prospective
sophisticated investors in order to assist them in determining whether they have
an interest in the type of security described herein. It has been prepared
solely for information purposes and is not an offer to buy or sell or a
solicitation of an offer to buy or sell any security or instrument or to
participate in any trading strategy. This material is based on information that
Morgan Stanley & Co. Incorporated ("Morgan Stanley") considers reliable. Morgan
Stanley makes no representation or warranty with respect to the accuracy or
completeness of the information, or with respect to the terms of any future
offer of securities conforming to the terms hereof. Any such offer of securities
would be made pursuant to a definitive Prospectus or Private Placement
Memorandum, as the case may be, prepared by the issuer which could contain
material information not contained herein and to which the prospective
purchasers are referred. In the event of any such offering, this information
shall be deemed superseded, amended and supplemented in its entirety by such
Prospectus or Private Placement Memorandum. Such Prospectus or Private Placement
will contain all material information in respect of any securities offered
thereby and any decision to invest in such securities should be made solely in
reliance upon such Prospectus or Private Placement Memorandum. The information
contained here in may be based on assumptions regarding market conditions and
other matters as reflected therein and is therefore subject to change. We make
no representations regarding the reasonableness of such assumptions or the
likelihood that any of such assumptions will coincide with actual market
conditions or events, and this material should not be relied on for such
purposes. No representation is made that any returns indicated will be achieved.
Changes to the assumptions may have a material impact on any returns detailed.
Morgan Stanley disclaims any and all liability relating to this information,
including without limitation any express or implied representations or
warranties for, statements contained in, and omissions from the information
contained here in. Additional information is available upon request. Morgan
Stanley and others associated with it may have positions in, and may effect
transaction in, securities and instruments of issuers mentioned herein and may
also perform or seek to perform investment banking services for the issuers of
such securities and instruments. Past performance is not necessarily indicative
of future results. Price and availability are subject to change without notice.
Information contained in this material is current as of the date appearing on
this material only. Information in this material regarding any assets backing
any securities discussed herein supercedes all prior information regarding such
assets. Morgan Stanley is acting as the lead underwriter and not acting as agent
for the issuer or its affiliates in connection with the proposed transaction. To
our readers worldwide: In addition, please note that this publication has been
issued by Morgan Stanley, approved by Morgan Stanley International Limited, a
member of The Securities and Futures Authority, and by Morgan Stanley Japan Ltd.
We recommend that such investors obtain the advice of their Morgan Stanley,
Morgan Stanley International or Morgan Stanley Japan Ltd. representative about
the investments concerned. NOT FOR DISTRIBUTION TO PRIVATE CUSTOMERS AS DEFINED
BY THE U.K. SECURITIES AND FUTURES AUTHORITY.
<PAGE>
LOAN GROUP II CAP: As to any Distribution Date, a per annum
rate equal to the weighted average gross
rate of the Loan II Mortgage Loans less
servicing, mortgage insurance, certificate
insurer and trustee fee rates and after the
12th Distribution Date a [0.50%] credit
enhancement carve out.
LOAN GROUP III CAP: As to any Distribution Date, a per annum
rate equal to the weighted average gross
rate of the Loan III Mortgage Loans less
servicing, mortgage insurance, certificate
insurer and trustee fee rates and after the
12th Distribution Date a [0.50%] credit
enhancement carve out.
SUPPLEMENTAL INTEREST AMOUNT: As to any Distribution Date and the Class
A-V1 and Class A-V2 Certificates
respectively, the sum of (i) the excess, if
any, of interest due such Certificates
(without regard to the applicable Available
Funds Cap, but giving effect to the hard cap
of 14%) over interest due such Certificates
at a rate equal to the applicable Available
Funds Cap; (ii) any Supplemental Interest
Amount remaining unpaid from prior
Distribution Dates; and (iii) interest on
the amount in clause (ii) at the related
certificate rate (without regard to the
applicable Available Funds Cap, but giving
effect to the hard cap of 14%).
TRUST TAX STATUS: REMIC
ERISA ELIGIBILITY: The Certificates are expected to be ERISA
eligible.
SMMEA ELIGIBILITY: None of the Certificates are SMMEA eligible.
--------------------------------------------------------------------------------
4
This information is being delivered to a specific number of prospective
sophisticated investors in order to assist them in determining whether they have
an interest in the type of security described herein. It has been prepared
solely for information purposes and is not an offer to buy or sell or a
solicitation of an offer to buy or sell any security or instrument or to
participate in any trading strategy. This material is based on information that
Morgan Stanley & Co. Incorporated ("Morgan Stanley") considers reliable. Morgan
Stanley makes no representation or warranty with respect to the accuracy or
completeness of the information, or with respect to the terms of any future
offer of securities conforming to the terms hereof. Any such offer of securities
would be made pursuant to a definitive Prospectus or Private Placement
Memorandum, as the case may be, prepared by the issuer which could contain
material information not contained herein and to which the prospective
purchasers are referred. In the event of any such offering, this information
shall be deemed superseded, amended and supplemented in its entirety by such
Prospectus or Private Placement Memorandum. Such Prospectus or Private Placement
will contain all material information in respect of any securities offered
thereby and any decision to invest in such securities should be made solely in
reliance upon such Prospectus or Private Placement Memorandum. The information
contained here in may be based on assumptions regarding market conditions and
other matters as reflected therein and is therefore subject to change. We make
no representations regarding the reasonableness of such assumptions or the
likelihood that any of such assumptions will coincide with actual market
conditions or events, and this material should not be relied on for such
purposes. No representation is made that any returns indicated will be achieved.
Changes to the assumptions may have a material impact on any returns detailed.
Morgan Stanley disclaims any and all liability relating to this information,
including without limitation any express or implied representations or
warranties for, statements contained in, and omissions from the information
contained here in. Additional information is available upon request. Morgan
Stanley and others associated with it may have positions in, and may effect
transaction in, securities and instruments of issuers mentioned herein and may
also perform or seek to perform investment banking services for the issuers of
such securities and instruments. Past performance is not necessarily indicative
of future results. Price and availability are subject to change without notice.
Information contained in this material is current as of the date appearing on
this material only. Information in this material regarding any assets backing
any securities discussed herein supercedes all prior information regarding such
assets. Morgan Stanley is acting as the lead underwriter and not acting as agent
for the issuer or its affiliates in connection with the proposed transaction. To
our readers worldwide: In addition, please note that this publication has been
issued by Morgan Stanley, approved by Morgan Stanley International Limited, a
member of The Securities and Futures Authority, and by Morgan Stanley Japan Ltd.
We recommend that such investors obtain the advice of their Morgan Stanley,
Morgan Stanley International or Morgan Stanley Japan Ltd. representative about
the investments concerned. NOT FOR DISTRIBUTION TO PRIVATE CUSTOMERS AS DEFINED
BY THE U.K. SECURITIES AND FUTURES AUTHORITY.
<PAGE>
AVERAGE LIFE SENSITIVITY TABLES (PRICED TO CALL)
FIXED RATE AND ARM GROUPS
<TABLE>
<CAPTION>
SCENARIO 1 SCENARIO 2 SCENARIO 3 SCENARIO 4 SCENARIO 5 SCENARIO 6 SCENARIO 7 SCENARIO 8
---------- ---------- ---------- ---------- ---------- ---------- ---------- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
PPC FIXED% 0 35 60 90 110 140 175 200
PPC ARM % 0 25 50 75 100 125 150 175
CLASS A-1
Average Life 9.8599 1.9586 1.3424 1.0347 0.9176 0.8005 0.7094 0.6602
Mod Duration 6.2787 1.7367 1.2285 0.9616 0.8577 0.7525 0.6697 0.6248
First Prin 1/25/2001 1/25/2001 1/25/2001 1/25/2001 1/25/2001 1/25/2001 1/25/2001 1/25/2001
Last Prin 3/25/2018 12/25/2004 6/25/2003 10/25/2002 7/25/2002 4/25/2002 2/25/2002 1/25/2002
Payment Window 207 48 30 22 19 16 14 13
CLASS A-2
Average Life 19.2234 5.4169 3.3723 2.373 2.0069 1.651 1.39 1.2618
Mod Duration 10.2974 4.366 2.9123 2.1215 1.8174 1.514 1.2866 1.1735
First Prin 3/25/2018 12/25/2004 6/25/2003 10/25/2002 7/25/2002 4/25/2002 2/25/2002 1/25/2002
Last Prin 11/25/2021 11/25/2007 3/25/2005 11/25/2003 5/25/2003 12/25/2002 8/25/2002 6/25/2002
Payment Window 45 36 22 14 11 9 7 6
CLASS A-3
Average Life 22.2372 9.0534 5.3244 3.6142 2.986 2.3907 1.956 1.7388
Mod Duration 10.9249 6.4731 4.3005 3.093 2.6114 2.1345 1.7733 1.5885
First Prin 11/25/2021 11/25/2007 3/25/2005 11/25/2003 5/25/2003 12/25/2002 8/25/2002 6/25/2002
Last Prin 5/25/2024 3/25/2012 7/25/2007 5/25/2005 7/25/2004 10/25/2003 3/25/2003 12/25/2002
Payment Window 31 53 29 19 15 11 8 7
CLASS A-4
Average Life 24.8901 15.1895 9.6951 6.2471 4.975 3.8355 3.0095 2.5967
Mod Duration 11.1283 8.8355 6.6663 4.8238 4.0226 3.2309 2.6123 2.2886
First Prin 5/25/2024 3/25/2012 7/25/2007 5/25/2005 7/25/2004 10/25/2003 3/25/2003 12/25/2002
Last Prin 2/25/2027 7/25/2020 6/25/2014 2/25/2010 11/25/2007 2/25/2006 12/25/2004 5/25/2004
Payment Window 34 101 84 58 41 29 22 18
CLASS A-5
Average Life 26.9334 22.9591 16.3536 11.2482 8.8241 6.615 5.1397 4.3346
Mod Duration 11.0463 10.4508 9.015 7.2872 6.1987 5.0119 4.102 3.5629
First Prin 2/25/2027 7/25/2020 6/25/2014 2/25/2010 11/25/2007 2/25/2006 12/25/2004 5/25/2004
Last Prin 11/25/2028 11/25/2025 3/25/2018 10/25/2012 3/25/2010 2/25/2008 9/25/2006 10/25/2005
Payment Window 22 65 46 33 29 25 22 18
</TABLE>
--------------------------------------------------------------------------------
5
This information is being delivered to a specific number of prospective
sophisticated investors in order to assist them in determining whether they
have an interest in the type of security described herein. It has been
prepared solely for information purposes and is not an offer to buy or sell
or a solicitation of an offer to buy or sell any security or instrument or to
participate in any trading strategy. This material is based on information
that Morgan Stanley & Co. Incorporated ("Morgan Stanley") considers reliable.
Morgan Stanley makes no representation or warranty with respect to the
accuracy or completeness of the information, or with respect to the terms of
any future offer of securities conforming to the terms hereof. Any such offer
of securities would be made pursuant to a definitive Prospectus or Private
Placement Memorandum, as the case may be, prepared by the issuer which could
contain material information not contained herein and to which the
prospective purchasers are referred. In the event of any such offering, this
information shall be deemed superseded, amended and supplemented in its
entirety by such Prospectus or Private Placement Memorandum. Such Prospectus
or Private Placement will contain all material information in respect of any
securities offered thereby and any decision to invest in such securities
should be made solely in reliance upon such Prospectus or Private Placement
Memorandum. The information contained here in may be based on assumptions
regarding market conditions and other matters as reflected therein and is
therefore subject to change. We make no representations regarding the
reasonableness of such assumptions or the likelihood that any of such
assumptions will coincide with actual market conditions or events, and this
material should not be relied on for such purposes. No representation is made
that any returns indicated will be achieved. Changes to the assumptions may
have a material impact on any returns detailed. Morgan Stanley disclaims any
and all liability relating to this information, including without limitation
any express or implied representations or warranties for, statements
contained in, and omissions from the information contained here in.
Additional information is available upon request. Morgan Stanley and others
associated with it may have positions in, and may effect transaction in,
securities and instruments of issuers mentioned herein and may also perform
or seek to perform investment banking services for the issuers of such
securities and instruments. Past performance is not necessarily indicative of
future results. Price and availability are subject to change without notice.
Information contained in this material is current as of the date appearing on
this material only. Information in this material regarding any assets backing
any securities discussed herein supercedes all prior information regarding
such assets. Morgan Stanley is acting as the lead underwriter and not acting
as agent for the issuer or its affiliates in connection with the proposed
transaction. To our readers worldwide: In addition, please note that this
publication has been issued by Morgan Stanley, approved by Morgan Stanley
International Limited, a member of The Securities and Futures Authority, and
by Morgan Stanley Japan Ltd. We recommend that such investors obtain the
advice of their Morgan Stanley, Morgan Stanley International or Morgan
Stanley Japan Ltd. representative about the investments concerned. NOT FOR
DISTRIBUTION TO PRIVATE CUSTOMERS AS DEFINED BY THE U.K. SECURITIES AND
FUTURES AUTHORITY.
<PAGE>
AVERAGE LIFE SENSITIVITY TABLES (PRICED TO CALL)
FIXED RATE AND ARM GROUPS (CONTINUED)
<TABLE>
<CAPTION>
SCENARIO 1 SCENARIO 2 SCENARIO 3 SCENARIO 4 SCENARIO 5 SCENARIO 6 SCENARIO 7 SCENARIO 8
---------- ---------- ---------- ---------- ---------- ---------- ---------- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
PPC FIXED% 0 35 60 90 110 140 175 200
PPC ARM % 0 25 50 75 100 125 150 175
CLASS A-6
Average Life 15.6979 9.4224 8.0265 7.1002 6.6406 5.9589 5.1372 4.5257
Mod Duration 8.8341 6.435 5.7848 5.3062 5.0548 4.659 4.1465 3.7384
First Prin 1/25/2004 1/25/2004 1/25/2004 1/25/2004 1/25/2004 1/25/2004 1/25/2004 1/25/2004
Last Prin 6/25/2028 11/25/2025 3/25/2018 10/25/2012 3/25/2010 2/25/2008 9/25/2006 10/25/2005
Payment Window 294 263 171 106 75 50 33 22
CLASS A-V1
Average Life 21.5392 9.1561 5.3128 3.7265 2.9099 2.3961 2.0462 1.7932
First Prin 1/25/2001 1/25/2001 1/25/2001 1/25/2001 1/25/2001 1/25/2001 1/25/2001 1/25/2001
Last Prin 4/25/2030 11/25/2025 3/25/2018 10/25/2012 3/25/2010 2/25/2008 9/25/2006 10/25/2005
Payment Window 352 299 207 142 111 86 69 58
CLASS A-V2
Average Life 21.3375 9.1299 5.3062 3.7235 2.9082 2.3949 2.0453 1.7925
First Prin 1/25/2001 1/25/2001 1/25/2001 1/25/2001 1/25/2001 1/25/2001 1/25/2001 1/25/2001
Last Prin 4/25/2030 11/25/2025 3/25/2018 10/25/2012 3/25/2010 2/25/2008 9/25/2006 10/25/2005
Payment Window 352 299 207 142 111 86 69 58
</TABLE>
--------------------------------------------------------------------------------
6
This information is being delivered to a specific number of prospective
sophisticated investors in order to assist them in determining whether they
have an interest in the type of security described herein. It has been
prepared solely for information purposes and is not an offer to buy or sell
or a solicitation of an offer to buy or sell any security or instrument or to
participate in any trading strategy. This material is based on information
that Morgan Stanley & Co. Incorporated ("Morgan Stanley") considers reliable.
Morgan Stanley makes no representation or warranty with respect to the
accuracy or completeness of the information, or with respect to the terms of
any future offer of securities conforming to the terms hereof. Any such offer
of securities would be made pursuant to a definitive Prospectus or Private
Placement Memorandum, as the case may be, prepared by the issuer which could
contain material information not contained herein and to which the
prospective purchasers are referred. In the event of any such offering, this
information shall be deemed superseded, amended and supplemented in its
entirety by such Prospectus or Private Placement Memorandum. Such Prospectus
or Private Placement will contain all material information in respect of any
securities offered thereby and any decision to invest in such securities
should be made solely in reliance upon such Prospectus or Private Placement
Memorandum. The information contained here in may be based on assumptions
regarding market conditions and other matters as reflected therein and is
therefore subject to change. We make no representations regarding the
reasonableness of such assumptions or the likelihood that any of such
assumptions will coincide with actual market conditions or events, and this
material should not be relied on for such purposes. No representation is made
that any returns indicated will be achieved. Changes to the assumptions may
have a material impact on any returns detailed. Morgan Stanley disclaims any
and all liability relating to this information, including without limitation
any express or implied representations or warranties for, statements
contained in, and omissions from the information contained here in.
Additional information is available upon request. Morgan Stanley and others
associated with it may have positions in, and may effect transaction in,
securities and instruments of issuers mentioned herein and may also perform
or seek to perform investment banking services for the issuers of such
securities and instruments. Past performance is not necessarily indicative of
future results. Price and availability are subject to change without notice.
Information contained in this material is current as of the date appearing on
this material only. Information in this material regarding any assets backing
any securities discussed herein supercedes all prior information regarding
such assets. Morgan Stanley is acting as the lead underwriter and not acting
as agent for the issuer or its affiliates in connection with the proposed
transaction. To our readers worldwide: In addition, please note that this
publication has been issued by Morgan Stanley, approved by Morgan Stanley
International Limited, a member of The Securities and Futures Authority, and
by Morgan Stanley Japan Ltd. We recommend that such investors obtain the
advice of their Morgan Stanley, Morgan Stanley International or Morgan
Stanley Japan Ltd. representative about the investments concerned. NOT FOR
DISTRIBUTION TO PRIVATE CUSTOMERS AS DEFINED BY THE U.K. SECURITIES AND
FUTURES AUTHORITY.
<PAGE>
AVERAGE LIFE SENSITIVITY TABLES (PRICED TO MATURITY)
FIXED RATE AND ARM GROUPS
<TABLE>
<CAPTION>
SCENARIO 1 SCENARIO 2 SCENARIO 3 SCENARIO 4 SCENARIO 5 SCENARIO 6 SCENARIO 7 SCENARIO 8
---------- ---------- ---------- ---------- ---------- ---------- ---------- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
PPC FIXED% 0 35 60 90 110 140 175 200
PPC ARM % 0 25 50 75 100 125 150 175
CLASS A-1
Average Life 9.8599 1.9586 1.3424 1.0347 0.9176 0.8005 0.7094 0.6602
Mod Duration 6.2787 1.7367 1.2285 0.9616 0.8577 0.7525 0.6697 0.6248
First Prin 1/25/2001 1/25/2001 1/25/2001 1/25/2001 1/25/2001 1/25/2001 1/25/2001 1/25/2001
Last Prin 3/25/2018 12/25/2004 6/25/2003 10/25/2002 7/25/2002 4/25/2002 2/25/2002 1/25/2002
Payment Window 207 48 30 22 19 16 14 13
CLASS A-2
Average Life 19.2234 5.4169 3.3723 2.373 2.0069 1.651 1.39 1.2618
Mod Duration 10.2974 4.366 2.9123 2.1215 1.8174 1.514 1.2866 1.1735
First Prin 3/25/2018 12/25/2004 6/25/2003 10/25/2002 7/25/2002 4/25/2002 2/25/2002 1/25/2002
Last Prin 11/25/2021 11/25/2007 3/25/2005 11/25/2003 5/25/2003 12/25/2002 8/25/2002 6/25/2002
Payment Window 45 36 22 14 11 9 7 6
CLASS A-3
Average Life 22.2372 9.0534 5.3244 3.6142 2.986 2.3907 1.956 1.7388
Mod Duration 10.9249 6.4731 4.3005 3.093 2.6114 2.1345 1.7733 1.5885
First Prin 11/25/2021 11/25/2007 3/25/2005 11/25/2003 5/25/2003 12/25/2002 8/25/2002 6/25/2002
Last Prin 5/25/2024 3/25/2012 7/25/2007 5/25/2005 7/25/2004 10/25/2003 3/25/2003 12/25/2002
Payment Window 31 53 29 19 15 11 8 7
CLASS A-4
Average Life 24.8901 15.1895 9.6951 6.2471 4.975 3.8355 3.0095 2.5967
Mod Duration 11.1283 8.8355 6.6663 4.8238 4.0226 3.2309 2.6123 2.2886
First Prin 5/25/2024 3/25/2012 7/25/2007 5/25/2005 7/25/2004 10/25/2003 3/25/2003 12/25/2002
Last Prin 2/25/2027 7/25/2020 6/25/2014 2/25/2010 11/25/2007 2/25/2006 12/25/2004 5/25/2004
Payment Window 34 101 84 58 41 29 22 18
CLASS A-5
Average Life 26.9334 23.2876 18.3257 13.3217 10.8787 8.152 6.026 4.9318
Mod Duration 11.0463 10.4974 9.4467 7.9587 7.0175 5.7493 4.5871 3.9201
First Prin 2/25/2027 7/25/2020 6/25/2014 2/25/2010 11/25/2007 2/25/2006 12/25/2004 5/25/2004
Last Prin 11/25/2028 4/25/2028 4/25/2027 10/25/2023 9/25/2020 9/25/2016 5/25/2013 8/25/2011
Payment Window 22 94 155 165 155 128 102 88
</TABLE>
-------------------------------------------------------------------------------
7
This information is being delivered to a specific number of prospective
sophisticated investors in order to assist them in determining whether they
have an interest in the type of security described herein. It has been
prepared solely for information purposes and is not an offer to buy or sell
or a solicitation of an offer to buy or sell any security or instrument or to
participate in any trading strategy. This material is based on information
that Morgan Stanley & Co. Incorporated ("Morgan Stanley") considers reliable.
Morgan Stanley makes no representation or warranty with respect to the
accuracy or completeness of the information, or with respect to the terms of
any future offer of securities conforming to the terms hereof. Any such offer
of securities would be made pursuant to a definitive Prospectus or Private
Placement Memorandum, as the case may be, prepared by the issuer which could
contain material information not contained herein and to which the
prospective purchasers are referred. In the event of any such offering, this
information shall be deemed superseded, amended and supplemented in its
entirety by such Prospectus or Private Placement Memorandum. Such Prospectus
or Private Placement will contain all material information in respect of any
securities offered thereby and any decision to invest in such securities
should be made solely in reliance upon such Prospectus or Private Placement
Memorandum. The information contained here in may be based on assumptions
regarding market conditions and other matters as reflected therein and is
therefore subject to change. We make no representations regarding the
reasonableness of such assumptions or the likelihood that any of such
assumptions will coincide with actual market conditions or events, and this
material should not be relied on for such purposes. No representation is made
that any returns indicated will be achieved. Changes to the assumptions may
have a material impact on any returns detailed. Morgan Stanley disclaims any
and all liability relating to this information, including without limitation
any express or implied representations or warranties for, statements
contained in, and omissions from the information contained here in.
Additional information is available upon request. Morgan Stanley and others
associated with it may have positions in, and may effect transaction in,
securities and instruments of issuers mentioned herein and may also perform
or seek to perform investment banking services for the issuers of such
securities and instruments. Past performance is not necessarily indicative of
future results. Price and availability are subject to change without notice.
Information contained in this material is current as of the date appearing on
this material only. Information in this material regarding any assets backing
any securities discussed herein supercedes all prior information regarding
such assets. Morgan Stanley is acting as the lead underwriter and not acting
as agent for the issuer or its affiliates in connection with the proposed
transaction. To our readers worldwide: In addition, please note that this
publication has been issued by Morgan Stanley, approved by Morgan Stanley
International Limited, a member of The Securities and Futures Authority, and
by Morgan Stanley Japan Ltd. We recommend that such investors obtain the
advice of their Morgan Stanley, Morgan Stanley International or Morgan
Stanley Japan Ltd. representative about the investments concerned. NOT FOR
DISTRIBUTION TO PRIVATE CUSTOMERS AS DEFINED BY THE U.K. SECURITIES AND
FUTURES AUTHORITY.
<PAGE>
AVERAGE LIFE SENSITIVITY TABLES (PRICED TO MATURITY)
FIXED RATE AND ARM GROUPS (CONTINUED)
<TABLE>
<CAPTION>
SCENARIO 1 SCENARIO 2 SCENARIO 3 SCENARIO 4 SCENARIO 5 SCENARIO 6 SCENARIO 7 SCENARIO 8
---------- ---------- ---------- ---------- ---------- ---------- ---------- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
PPC FIXED% 0 35 60 90 110 140 175 200
PPC ARM % 0 25 50 75 100 125 150 175
CLASS A-6
Average Life 15.6979 9.4225 8.0349 7.1322 6.7372 6.2757 5.8564 5.6147
Mod Duration 8.8341 6.435 5.7871 5.3188 5.1004 4.8334 4.5798 4.4274
First Prin 1/25/2004 1/25/2004 1/25/2004 1/25/2004 1/25/2004 1/25/2004 1/25/2004 1/25/2004
Last Prin 6/25/2028 2/25/2028 2/25/2027 8/25/2023 7/25/2020 7/25/2016 3/25/2013 5/25/2011
Payment Window 294 290 278 236 199 151 111 89
CLASS A-V1
Average Life 21.559 9.2584 5.3967 3.7829 2.9384 2.4184 2.0643 1.8058
First Prin 1/25/2001 1/25/2001 1/25/2001 1/25/2001 1/25/2001 1/25/2001 1/25/2001 1/25/2001
Last Prin 1/25/2031 5/25/2030 9/25/2025 7/25/2018 11/25/2013 12/25/2010 12/25/2008 6/25/2007
Payment Window 361 353 297 211 155 120 96 78
CLASS A-V1
Average Life 21.3464 9.2242 5.3885 3.7795 2.9365 2.4172 2.0634 1.8051
First Prin 1/25/2001 1/25/2001 1/25/2001 1/25/2001 1/25/2001 1/25/2001 1/25/2001 1/25/2001
Last Prin 9/25/2030 2/25/2030 8/25/2025 7/25/2018 11/25/2013 12/25/2010 12/25/2008 6/25/2007
Payment Window 357 350 296 211 155 120 96 78
</TABLE>
-------------------------------------------------------------------------------
8
This information is being delivered to a specific number of prospective
sophisticated investors in order to assist them in determining whether they
have an interest in the type of security described herein. It has been
prepared solely for information purposes and is not an offer to buy or sell
or a solicitation of an offer to buy or sell any security or instrument or to
participate in any trading strategy. This material is based on information
that Morgan Stanley & Co. Incorporated ("Morgan Stanley") considers reliable.
Morgan Stanley makes no representation or warranty with respect to the
accuracy or completeness of the information, or with respect to the terms of
any future offer of securities conforming to the terms hereof. Any such offer
of securities would be made pursuant to a definitive Prospectus or Private
Placement Memorandum, as the case may be, prepared by the issuer which could
contain material information not contained herein and to which the
prospective purchasers are referred. In the event of any such offering, this
information shall be deemed superseded, amended and supplemented in its
entirety by such Prospectus or Private Placement Memorandum. Such Prospectus
or Private Placement will contain all material information in respect of any
securities offered thereby and any decision to invest in such securities
should be made solely in reliance upon such Prospectus or Private Placement
Memorandum. The information contained here in may be based on assumptions
regarding market conditions and other matters as reflected therein and is
therefore subject to change. We make no representations regarding the
reasonableness of such assumptions or the likelihood that any of such
assumptions will coincide with actual market conditions or events, and this
material should not be relied on for such purposes. No representation is made
that any returns indicated will be achieved. Changes to the assumptions may
have a material impact on any returns detailed. Morgan Stanley disclaims any
and all liability relating to this information, including without limitation
any express or implied representations or warranties for, statements
contained in, and omissions from the information contained here in.
Additional information is available upon request. Morgan Stanley and others
associated with it may have positions in, and may effect transaction in,
securities and instruments of issuers mentioned herein and may also perform
or seek to perform investment banking services for the issuers of such
securities and instruments. Past performance is not necessarily indicative of
future results. Price and availability are subject to change without notice.
Information contained in this material is current as of the date appearing on
this material only. Information in this material regarding any assets backing
any securities discussed herein supercedes all prior information regarding
such assets. Morgan Stanley is acting as the lead underwriter and not acting
as agent for the issuer or its affiliates in connection with the proposed
transaction. To our readers worldwide: In addition, please note that this
publication has been issued by Morgan Stanley, approved by Morgan Stanley
International Limited, a member of The Securities and Futures Authority, and
by Morgan Stanley Japan Ltd. We recommend that such investors obtain the
advice of their Morgan Stanley, Morgan Stanley International or Morgan
Stanley Japan Ltd. representative about the investments concerned. NOT FOR
DISTRIBUTION TO PRIVATE CUSTOMERS AS DEFINED BY THE U.K. SECURITIES AND
FUTURES AUTHORITY.
<PAGE>
TO 5% CALL
----------
PERCENTAGE OF INITIAL CLASS A-1F CERTIFICATE PRINCIPAL BALANCE OUTSTANDING
<TABLE>
<CAPTION>
DATES SCENARIO 1 SCENARIO 2 SCENARIO 3 SCENARIO 4 SCENARIO 5 SCENARIO 6 SCENARIO 7 SCENARIO 8
------------ ---------- ---------- ---------- ---------- ---------- ---------- ---------- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
12/1/2000 100 100 100 100 100 100 100 100
12/25/2001 88 73 62 49 40 27 11 0
12/25/2002 85 46 19 0 0 0 0 0
12/25/2003 82 21 0 0 0 0 0 0
12/25/2004 79 0 0 0 0 0 0 0
12/25/2005 76 0 0 0 0 0 0 0
12/25/2006 72 0 0 0 0 0 0 0
12/25/2007 68 0 0 0 0 0 0 0
12/25/2008 64 0 0 0 0 0 0 0
12/25/2009 60 0 0 0 0 0 0 0
12/25/2010 56 0 0 0 0 0 0 0
12/25/2011 51 0 0 0 0 0 0 0
12/25/2012 45 0 0 0 0 0 0 0
12/25/2013 38 0 0 0 0 0 0 0
12/25/2014 31 0 0 0 0 0 0 0
12/25/2015 22 0 0 0 0 0 0 0
12/25/2016 13 0 0 0 0 0 0 0
12/25/2017 2 0 0 0 0 0 0 0
12/25/2018 0 0 0 0 0 0 0 0
12/25/2019 0 0 0 0 0 0 0 0
12/25/2020 0 0 0 0 0 0 0 0
12/25/2021 0 0 0 0 0 0 0 0
12/25/2022 0 0 0 0 0 0 0 0
12/25/2023 0 0 0 0 0 0 0 0
12/25/2024 0 0 0 0 0 0 0 0
12/25/2025 0 0 0 0 0 0 0 0
12/25/2026 0 0 0 0 0 0 0 0
12/25/2027 0 0 0 0 0 0 0 0
12/25/2028 0 0 0 0 0 0 0 0
12/25/2029 0 0 0 0 0 0 0 0
12/25/2030 0 0 0 0 0 0 0 0
12/25/2031 0 0 0 0 0 0 0 0
PPC FIXED% 0 35 60 90 110 140 175 200
PPC ARM % 0 25 50 75 100 125 150 175
</TABLE>
--------------------------------------------------------------------------------
9
This information is being delivered to a specific number of prospective
sophisticated investors in order to assist them in determining whether they have
an interest in the type of security described herein. It has been prepared
solely for information purposes and is not an offer to buy or sell or a
solicitation of an offer to buy or sell any security or instrument or to
participate in any trading strategy. This material is based on information that
Morgan Stanley & Co. Incorporated ("Morgan Stanley") considers reliable. Morgan
Stanley makes no representation or warranty with respect to the accuracy or
completeness of the information, or with respect to the terms of any future
offer of securities conforming to the terms hereof. Any such offer of securities
would be made pursuant to a definitive Prospectus or Private Placement
Memorandum, as the case may be, prepared by the issuer which could contain
material information not contained herein and to which the prospective
purchasers are referred. In the event of any such offering, this information
shall be deemed superseded, amended and supplemented in its entirety by such
Prospectus or Private Placement Memorandum. Such Prospectus or Private Placement
will contain all material information in respect of any securities offered
thereby and any decision to invest in such securities should be made solely in
reliance upon such Prospectus or Private Placement Memorandum. The information
contained here in may be based on assumptions regarding market conditions and
other matters as reflected therein and is therefore subject to change. We make
no representations regarding the reasonableness of such assumptions or the
likelihood that any of such assumptions will coincide with actual market
conditions or events, and this material should not be relied on for such
purposes. No representation is made that any returns indicated will be achieved.
Changes to the assumptions may have a material impact on any returns detailed.
Morgan Stanley disclaims any and all liability relating to this information,
including without limitation any express or implied representations or
warranties for, statements contained in, and omissions from the information
contained here in. Additional information is available upon request. Morgan
Stanley and others associated with it may have positions in, and may effect
transaction in, securities and instruments of issuers mentioned herein and may
also perform or seek to perform investment banking services for the issuers of
such securities and instruments. Past performance is not necessarily indicative
of future results. Price and availability are subject to change without notice.
Information contained in this material is current as of the date appearing on
this material only. Information in this material regarding any assets backing
any securities discussed herein supercedes all prior information regarding such
assets. Morgan Stanley is acting as the lead underwriter and not acting as agent
for the issuer or its affiliates in connection with the proposed transaction. To
our readers worldwide: In addition, please note that this publication has been
issued by Morgan Stanley, approved by Morgan Stanley International Limited, a
member of The Securities and Futures Authority, and by Morgan Stanley Japan Ltd.
We recommend that such investors obtain the advice of their Morgan Stanley,
Morgan Stanley International or Morgan Stanley Japan Ltd. representative about
the investments concerned. NOT FOR DISTRIBUTION TO PRIVATE CUSTOMERS AS DEFINED
BY THE U.K. SECURITIES AND FUTURES AUTHORITY.
<PAGE>
TO 5% CALL
----------
PERCENTAGE OF INITIAL CLASS A-2F CERTIFICATE PRINCIPAL BALANCE OUTSTANDING
<TABLE>
<CAPTION>
DATES SCENARIO 1 SCENARIO 2 SCENARIO 3 SCENARIO 4 SCENARIO 5 SCENARIO 6 SCENARIO 7 SCENARIO 8
---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
12/1/2000 100 100 100 100 100 100 100 100
12/25/2001 100 100 100 100 100 100 100 100
12/25/2002 100 100 100 79 43 0 0 0
12/25/2003 100 100 67 0 0 0 0 0
12/25/2004 100 98 11 0 0 0 0 0
12/25/2005 100 61 0 0 0 0 0 0
12/25/2006 100 28 0 0 0 0 0 0
12/25/2007 100 0 0 0 0 0 0 0
12/25/2008 100 0 0 0 0 0 0 0
12/25/2009 100 0 0 0 0 0 0 0
12/25/2010 100 0 0 0 0 0 0 0
12/25/2011 100 0 0 0 0 0 0 0
12/25/2012 100 0 0 0 0 0 0 0
12/25/2013 100 0 0 0 0 0 0 0
12/25/2014 100 0 0 0 0 0 0 0
12/25/2015 100 0 0 0 0 0 0 0
12/25/2016 100 0 0 0 0 0 0 0
12/25/2017 100 0 0 0 0 0 0 0
12/25/2018 81 0 0 0 0 0 0 0
12/25/2019 56 0 0 0 0 0 0 0
12/25/2020 28 0 0 0 0 0 0 0
12/25/2021 0 0 0 0 0 0 0 0
12/25/2022 0 0 0 0 0 0 0 0
12/25/2023 0 0 0 0 0 0 0 0
12/25/2024 0 0 0 0 0 0 0 0
12/25/2025 0 0 0 0 0 0 0 0
12/25/2026 0 0 0 0 0 0 0 0
12/25/2027 0 0 0 0 0 0 0 0
12/25/2028 0 0 0 0 0 0 0 0
12/25/2029 0 0 0 0 0 0 0 0
12/25/2030 0 0 0 0 0 0 0 0
12/25/2031 0 0 0 0 0 0 0 0
PPC FIXED% 0 35 60 90 110 140 175 200
PPC ARM % 0 25 50 75 100 125 150 175
</TABLE>
--------------------------------------------------------------------------------
10
This information is being delivered to a specific number of prospective
sophisticated investors in order to assist them in determining whether they have
an interest in the type of security described herein. It has been prepared
solely for information purposes and is not an offer to buy or sell or a
solicitation of an offer to buy or sell any security or instrument or to
participate in any trading strategy. This material is based on information that
Morgan Stanley & Co. Incorporated ("Morgan Stanley") considers reliable. Morgan
Stanley makes no representation or warranty with respect to the accuracy or
completeness of the information, or with respect to the terms of any future
offer of securities conforming to the terms hereof. Any such offer of securities
would be made pursuant to a definitive Prospectus or Private Placement
Memorandum, as the case may be, prepared by the issuer which could contain
material information not contained herein and to which the prospective
purchasers are referred. In the event of any such offering, this information
shall be deemed superseded, amended and supplemented in its entirety by such
Prospectus or Private Placement Memorandum. Such Prospectus or Private Placement
will contain all material information in respect of any securities offered
thereby and any decision to invest in such securities should be made solely in
reliance upon such Prospectus or Private Placement Memorandum. The information
contained here in may be based on assumptions regarding market conditions and
other matters as reflected therein and is therefore subject to change. We make
no representations regarding the reasonableness of such assumptions or the
likelihood that any of such assumptions will coincide with actual market
conditions or events, and this material should not be relied on for such
purposes. No representation is made that any returns indicated will be achieved.
Changes to the assumptions may have a material impact on any returns detailed.
Morgan Stanley disclaims any and all liability relating to this information,
including without limitation any express or implied representations or
warranties for, statements contained in, and omissions from the information
contained here in. Additional information is available upon request. Morgan
Stanley and others associated with it may have positions in, and may effect
transaction in, securities and instruments of issuers mentioned herein and may
also perform or seek to perform investment banking services for the issuers of
such securities and instruments. Past performance is not necessarily indicative
of future results. Price and availability are subject to change without notice.
Information contained in this material is current as of the date appearing on
this material only. Information in this material regarding any assets backing
any securities discussed herein supercedes all prior information regarding such
assets. Morgan Stanley is acting as the lead underwriter and not acting as agent
for the issuer or its affiliates in connection with the proposed transaction. To
our readers worldwide: In addition, please note that this publication has been
issued by Morgan Stanley, approved by Morgan Stanley International Limited, a
member of The Securities and Futures Authority, and by Morgan Stanley Japan Ltd.
We recommend that such investors obtain the advice of their Morgan Stanley,
Morgan Stanley International or Morgan Stanley Japan Ltd. representative about
the investments concerned. NOT FOR DISTRIBUTION TO PRIVATE CUSTOMERS AS DEFINED
BY THE U.K. SECURITIES AND FUTURES AUTHORITY.
<PAGE>
TO 5% CALL
----------
PERCENTAGE OF INITIAL CLASS A-3F CERTIFICATE PRINCIPAL BALANCE OUTSTANDING
<TABLE>
<CAPTION>
DATES SCENARIO 1 SCENARIO 2 SCENARIO 3 SCENARIO 4 SCENARIO 5 SCENARIO 6 SCENARIO 7 SCENARIO 8
------------ ------------ ------------ ------------ ------------ ------------ ------------ ------------ ------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
12/1/2000 100 100 100 100 100 100 100 100
12/25/2001 100 100 100 100 100 100 100 100
12/25/2002 100 100 100 100 100 92 33 0
12/25/2003 100 100 100 90 41 0 0 0
12/25/2004 100 100 100 19 0 0 0 0
12/25/2005 100 100 60 0 0 0 0 0
12/25/2006 100 100 18 0 0 0 0 0
12/25/2007 100 97 0 0 0 0 0 0
12/25/2008 100 73 0 0 0 0 0 0
12/25/2009 100 49 0 0 0 0 0 0
12/25/2010 100 27 0 0 0 0 0 0
12/25/2011 100 5 0 0 0 0 0 0
12/25/2012 100 0 0 0 0 0 0 0
12/25/2013 100 0 0 0 0 0 0 0
12/25/2014 100 0 0 0 0 0 0 0
12/25/2015 100 0 0 0 0 0 0 0
12/25/2016 100 0 0 0 0 0 0 0
12/25/2017 100 0 0 0 0 0 0 0
12/25/2018 100 0 0 0 0 0 0 0
12/25/2019 100 0 0 0 0 0 0 0
12/25/2020 100 0 0 0 0 0 0 0
12/25/2021 95 0 0 0 0 0 0 0
12/25/2022 58 0 0 0 0 0 0 0
12/25/2023 17 0 0 0 0 0 0 0
12/25/2024 0 0 0 0 0 0 0 0
12/25/2025 0 0 0 0 0 0 0 0
12/25/2026 0 0 0 0 0 0 0 0
12/25/2027 0 0 0 0 0 0 0 0
12/25/2028 0 0 0 0 0 0 0 0
12/25/2029 0 0 0 0 0 0 0 0
12/25/2030 0 0 0 0 0 0 0 0
12/25/2031 0 0 0 0 0 0 0 0
PPC FIXED% 0 35 60 90 110 140 175 200
PPC ARM % 0 25 50 75 100 125 150 175
------------------------------------------------------------------------------------------------------------------------------
</TABLE>
11
This information is being delivered to a specific number of prospective
sophisticated investors in order to assist them in determining whether they have
an interest in the type of security described herein. It has been prepared
solely for information purposes and is not an offer to buy or sell or a
solicitation of an offer to buy or sell any security or instrument or to
participate in any trading strategy. This material is based on information that
Morgan Stanley & Co. Incorporated ("Morgan Stanley") considers reliable. Morgan
Stanley makes no representation or warranty with respect to the accuracy or
completeness of the information, or with respect to the terms of any future
offer of securities conforming to the terms hereof. Any such offer of securities
would be made pursuant to a definitive Prospectus or Private Placement
Memorandum, as the case may be, prepared by the issuer which could contain
material information not contained herein and to which the prospective
purchasers are referred. In the event of any such offering, this information
shall be deemed superseded, amended and supplemented in its entirety by such
Prospectus or Private Placement Memorandum. Such Prospectus or Private Placement
will contain all material information in respect of any securities offered
thereby and any decision to invest in such securities should be made solely in
reliance upon such Prospectus or Private Placement Memorandum. The information
contained here in may be based on assumptions regarding market conditions and
other matters as reflected therein and is therefore subject to change. We make
no representations regarding the reasonableness of such assumptions or the
likelihood that any of such assumptions will coincide with actual market
conditions or events, and this material should not be relied on for such
purposes. No representation is made that any returns indicated will be achieved.
Changes to the assumptions may have a material impact on any returns detailed.
Morgan Stanley disclaims any and all liability relating to this information,
including without limitation any express or implied representations or
warranties for, statements contained in, and omissions from the information
contained here in. Additional information is available upon request. Morgan
Stanley and others associated with it may have positions in, and may effect
transaction in, securities and instruments of issuers mentioned herein and may
also perform or seek to perform investment banking services for the issuers of
such securities and instruments. Past performance is not necessarily indicative
of future results. Price and availability are subject to change without notice.
Information contained in this material is current as of the date appearing on
this material only. Information in this material regarding any assets backing
any securities discussed herein supercedes all prior information regarding such
assets. Morgan Stanley is acting as the lead underwriter and not acting as agent
for the issuer or its affiliates in connection with the proposed transaction. To
our readers worldwide: In addition, please note that this publication has been
issued by Morgan Stanley, approved by Morgan Stanley International Limited, a
member of The Securities and Futures Authority, and by Morgan Stanley Japan Ltd.
We recommend that such investors obtain the advice of their Morgan Stanley,
Morgan Stanley International or Morgan Stanley Japan Ltd. representative about
the investments concerned. NOT FOR DISTRIBUTION TO PRIVATE CUSTOMERS AS DEFINED
BY THE U.K. SECURITIES AND FUTURES AUTHORITY.
<PAGE>
TO 5% CALL
----------
PERCENTAGE OF INITIAL CLASS A-4F CERTIFICATE PRINCIPAL BALANCE OUTSTANDING
<TABLE>
<CAPTION>
DATES SCENARIO 1 SCENARIO 2 SCENARIO 3 SCENARIO 4 SCENARIO 5 SCENARIO 6 SCENARIO 7 SCENARIO 8
------------ ------------ ------------ ------------ ------------ ------------ ------------ ------------ ------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
12/1/2000 100 100 100 100 100 100 100 100
12/25/2001 100 100 100 100 100 100 100 100
12/25/2002 100 100 100 100 100 100 100 95
12/25/2003 100 100 100 100 100 86 43 17
12/25/2004 100 100 100 100 80 37 0 0
12/25/2005 100 100 100 76 43 3 0 0
12/25/2006 100 100 100 48 17 0 0 0
12/25/2007 100 100 89 26 0 0 0 0
12/25/2008 100 100 73 14 0 0 0 0
12/25/2009 100 100 58 1 0 0 0 0
12/25/2010 100 100 43 0 0 0 0 0
12/25/2011 100 100 29 0 0 0 0 0
12/25/2012 100 89 16 0 0 0 0 0
12/25/2013 100 76 5 0 0 0 0 0
12/25/2014 100 63 0 0 0 0 0 0
12/25/2015 100 50 0 0 0 0 0 0
12/25/2016 100 38 0 0 0 0 0 0
12/25/2017 100 27 0 0 0 0 0 0
12/25/2018 100 16 0 0 0 0 0 0
12/25/2019 100 5 0 0 0 0 0 0
12/25/2020 100 0 0 0 0 0 0 0
12/25/2021 100 0 0 0 0 0 0 0
12/25/2022 100 0 0 0 0 0 0 0
12/25/2023 100 0 0 0 0 0 0 0
12/25/2024 80 0 0 0 0 0 0 0
12/25/2025 45 0 0 0 0 0 0 0
12/25/2026 5 0 0 0 0 0 0 0
12/25/2027 0 0 0 0 0 0 0 0
12/25/2028 0 0 0 0 0 0 0 0
12/25/2029 0 0 0 0 0 0 0 0
12/25/2030 0 0 0 0 0 0 0 0
12/25/2031 0 0 0 0 0 0 0 0
PPC FIXED% 0 35 60 90 110 140 175 200
PPC ARM % 0 25 50 75 100 125 150 175
------------------------------------------------------------------------------------------------------------------------------
</TABLE>
12
This information is being delivered to a specific number of prospective
sophisticated investors in order to assist them in determining whether they have
an interest in the type of security described herein. It has been prepared
solely for information purposes and is not an offer to buy or sell or a
solicitation of an offer to buy or sell any security or instrument or to
participate in any trading strategy. This material is based on information that
Morgan Stanley & Co. Incorporated ("Morgan Stanley") considers reliable. Morgan
Stanley makes no representation or warranty with respect to the accuracy or
completeness of the information, or with respect to the terms of any future
offer of securities conforming to the terms hereof. Any such offer of securities
would be made pursuant to a definitive Prospectus or Private Placement
Memorandum, as the case may be, prepared by the issuer which could contain
material information not contained herein and to which the prospective
purchasers are referred. In the event of any such offering, this information
shall be deemed superseded, amended and supplemented in its entirety by such
Prospectus or Private Placement Memorandum. Such Prospectus or Private Placement
will contain all material information in respect of any securities offered
thereby and any decision to invest in such securities should be made solely in
reliance upon such Prospectus or Private Placement Memorandum. The information
contained here in may be based on assumptions regarding market conditions and
other matters as reflected therein and is therefore subject to change. We make
no representations regarding the reasonableness of such assumptions or the
likelihood that any of such assumptions will coincide with actual market
conditions or events, and this material should not be relied on for such
purposes. No representation is made that any returns indicated will be achieved.
Changes to the assumptions may have a material impact on any returns detailed.
Morgan Stanley disclaims any and all liability relating to this information,
including without limitation any express or implied representations or
warranties for, statements contained in, and omissions from the information
contained here in. Additional information is available upon request. Morgan
Stanley and others associated with it may have positions in, and may effect
transaction in, securities and instruments of issuers mentioned herein and may
also perform or seek to perform investment banking services for the issuers of
such securities and instruments. Past performance is not necessarily indicative
of future results. Price and availability are subject to change without notice.
Information contained in this material is current as of the date appearing on
this material only. Information in this material regarding any assets backing
any securities discussed herein supercedes all prior information regarding such
assets. Morgan Stanley is acting as the lead underwriter and not acting as agent
for the issuer or its affiliates in connection with the proposed transaction. To
our readers worldwide: In addition, please note that this publication has been
issued by Morgan Stanley, approved by Morgan Stanley International Limited, a
member of The Securities and Futures Authority, and by Morgan Stanley Japan Ltd.
We recommend that such investors obtain the advice of their Morgan Stanley,
Morgan Stanley International or Morgan Stanley Japan Ltd. representative about
the investments concerned. NOT FOR DISTRIBUTION TO PRIVATE CUSTOMERS AS DEFINED
BY THE U.K. SECURITIES AND FUTURES AUTHORITY.
<PAGE>
TO 5% CALL
----------
PERCENTAGE OF INITIAL CLASS A-5F CERTIFICATE PRINCIPAL BALANCE OUTSTANDING
<TABLE>
<CAPTION>
DATES SCENARIO 1 SCENARIO 2 SCENARIO 3 SCENARIO 4 SCENARIO 5 SCENARIO 6 SCENARIO 7 SCENARIO 8
------------ ------------ ------------ ------------ ------------ ------------ ------------ ------------ ------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
12/1/2000 100 100 100 100 100 100 100 100
12/25/2001 100 100 100 100 100 100 100 100
12/25/2002 100 100 100 100 100 100 100 100
12/25/2003 100 100 100 100 100 100 100 100
12/25/2004 100 100 100 100 100 100 98 65
12/25/2005 100 100 100 100 100 100 56 0
12/25/2006 100 100 100 100 100 73 0 0
12/25/2007 100 100 100 100 96 52 0 0
12/25/2008 100 100 100 100 82 0 0 0
12/25/2009 100 100 100 100 66 0 0 0
12/25/2010 100 100 100 84 0 0 0 0
12/25/2011 100 100 100 69 0 0 0 0
12/25/2012 100 100 100 0 0 0 0 0
12/25/2013 100 100 100 0 0 0 0 0
12/25/2014 100 100 92 0 0 0 0 0
12/25/2015 100 100 79 0 0 0 0 0
12/25/2016 100 100 67 0 0 0 0 0
12/25/2017 100 100 56 0 0 0 0 0
12/25/2018 100 100 0 0 0 0 0 0
12/25/2019 100 100 0 0 0 0 0 0
12/25/2020 100 93 0 0 0 0 0 0
12/25/2021 100 79 0 0 0 0 0 0
12/25/2022 100 65 0 0 0 0 0 0
12/25/2023 100 52 0 0 0 0 0 0
12/25/2024 100 39 0 0 0 0 0 0
12/25/2025 100 0 0 0 0 0 0 0
12/25/2026 100 0 0 0 0 0 0 0
12/25/2027 40 0 0 0 0 0 0 0
12/25/2028 0 0 0 0 0 0 0 0
12/25/2029 0 0 0 0 0 0 0 0
12/25/2030 0 0 0 0 0 0 0 0
12/25/2031 0 0 0 0 0 0 0 0
PPC FIXED% 0 35 60 90 110 140 175 200
PPC ARM % 0 25 50 75 100 125 150 175
</TABLE>
--------------------------------------------------------------------------------
13
This information is being delivered to a specific number of prospective
sophisticated investors in order to assist them in determining whether they
have an interest in the type of security described herein. It has been
prepared solely for information purposes and is not an offer to buy or sell
or a solicitation of an offer to buy or sell any security or instrument or to
participate in any trading strategy. This material is based on information
that Morgan Stanley & Co. Incorporated ("Morgan Stanley") considers reliable.
Morgan Stanley makes no representation or warranty with respect to the
accuracy or completeness of the information, or with respect to the terms of
any future offer of securities conforming to the terms hereof. Any such offer
of securities would be made pursuant to a definitive Prospectus or Private
Placement Memorandum, as the case may be, prepared by the issuer which could
contain material information not contained herein and to which the
prospective purchasers are referred. In the event of any such offering, this
information shall be deemed superseded, amended and supplemented in its
entirety by such Prospectus or Private Placement Memorandum. Such Prospectus
or Private Placement will contain all material information in respect of any
securities offered thereby and any decision to invest in such securities
should be made solely in reliance upon such Prospectus or Private Placement
Memorandum. The information contained here in may be based on assumptions
regarding market conditions and other matters as reflected therein and is
therefore subject to change. We make no representations regarding the
reasonableness of such assumptions or the likelihood that any of such
assumptions will coincide with actual market conditions or events, and this
material should not be relied on for such purposes. No representation is made
that any returns indicated will be achieved. Changes to the assumptions may
have a material impact on any returns detailed. Morgan Stanley disclaims any
and all liability relating to this information, including without limitation
any express or implied representations or warranties for, statements
contained in, and omissions from the information contained here in.
Additional information is available upon request. Morgan Stanley and others
associated with it may have positions in, and may effect transaction in,
securities and instruments of issuers mentioned herein and may also perform
or seek to perform investment banking services for the issuers of such
securities and instruments. Past performance is not necessarily indicative of
future results. Price and availability are subject to change without notice.
Information contained in this material is current as of the date appearing on
this material only. Information in this material regarding any assets backing
any securities discussed herein supercedes all prior information regarding
such assets. Morgan Stanley is acting as the lead underwriter and not acting
as agent for the issuer or its affiliates in connection with the proposed
transaction. To our readers worldwide: In addition, please note that this
publication has been issued by Morgan Stanley, approved by Morgan Stanley
International Limited, a member of The Securities and Futures Authority, and
by Morgan Stanley Japan Ltd. We recommend that such investors obtain the
advice of their Morgan Stanley, Morgan Stanley International or Morgan
Stanley Japan Ltd. representative about the investments concerned. NOT FOR
DISTRIBUTION TO PRIVATE CUSTOMERS AS DEFINED BY THE U.K. SECURITIES AND
FUTURES AUTHORITY.
<PAGE>
TO 5% CALL
----------
PERCENTAGE OF INITIAL CLASS A-6F CERTIFICATE PRINCIPAL BALANCE OUTSTANDING
<TABLE>
<CAPTION>
DATES SCENARIO 1 SCENARIO 2 SCENARIO 3 SCENARIO 4 SCENARIO 5 SCENARIO 6 SCENARIO 7 SCENARIO 8
------------ ------------ ------------ ------------ ------------ ------------ ------------ ------------ ------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
12/1/2000 100 100 100 100 100 100 100 100
12/25/2001 100 100 100 100 100 100 100 100
12/25/2002 100 100 100 100 100 100 100 100
12/25/2003 100 100 100 100 100 100 100 100
12/25/2004 100 96 94 91 89 86 82 79
12/25/2005 99 93 88 83 79 74 68 0
12/25/2006 98 86 78 70 65 56 0 0
12/25/2007 97 79 68 57 50 40 0 0
12/25/2008 93 60 44 30 22 0 0 0
12/25/2009 89 45 29 15 10 0 0 0
12/25/2010 84 35 18 8 0 0 0 0
12/25/2011 79 26 12 4 0 0 0 0
12/25/2012 73 20 7 0 0 0 0 0
12/25/2013 68 14 5 0 0 0 0 0
12/25/2014 61 11 3 0 0 0 0 0
12/25/2015 55 8 2 0 0 0 0 0
12/25/2016 49 5 1 0 0 0 0 0
12/25/2017 42 4 1 0 0 0 0 0
12/25/2018 35 3 0 0 0 0 0 0
12/25/2019 29 2 0 0 0 0 0 0
12/25/2020 23 1 0 0 0 0 0 0
12/25/2021 17 1 0 0 0 0 0 0
12/25/2022 12 0 0 0 0 0 0 0
12/25/2023 7 0 0 0 0 0 0 0
12/25/2024 4 0 0 0 0 0 0 0
12/25/2025 2 0 0 0 0 0 0 0
12/25/2026 0 0 0 0 0 0 0 0
12/25/2027 0 0 0 0 0 0 0 0
12/25/2028 0 0 0 0 0 0 0 0
12/25/2029 0 0 0 0 0 0 0 0
12/25/2030 0 0 0 0 0 0 0 0
12/25/2031 0 0 0 0 0 0 0 0
PPC FIXED% 0 35 60 90 110 140 175 200
PPC ARM % 0 25 50 75 100 125 150 175
</TABLE>
--------------------------------------------------------------------------------
14
This information is being delivered to a specific number of prospective
sophisticated investors in order to assist them in determining whether they
have an interest in the type of security described herein. It has been
prepared solely for information purposes and is not an offer to buy or sell
or a solicitation of an offer to buy or sell any security or instrument or to
participate in any trading strategy. This material is based on information
that Morgan Stanley & Co. Incorporated ("Morgan Stanley") considers reliable.
Morgan Stanley makes no representation or warranty with respect to the
accuracy or completeness of the information, or with respect to the terms of
any future offer of securities conforming to the terms hereof. Any such offer
of securities would be made pursuant to a definitive Prospectus or Private
Placement Memorandum, as the case may be, prepared by the issuer which could
contain material information not contained herein and to which the
prospective purchasers are referred. In the event of any such offering, this
information shall be deemed superseded, amended and supplemented in its
entirety by such Prospectus or Private Placement Memorandum. Such Prospectus
or Private Placement will contain all material information in respect of any
securities offered thereby and any decision to invest in such securities
should be made solely in reliance upon such Prospectus or Private Placement
Memorandum. The information contained here in may be based on assumptions
regarding market conditions and other matters as reflected therein and is
therefore subject to change. We make no representations regarding the
reasonableness of such assumptions or the likelihood that any of such
assumptions will coincide with actual market conditions or events, and this
material should not be relied on for such purposes. No representation is made
that any returns indicated will be achieved. Changes to the assumptions may
have a material impact on any returns detailed. Morgan Stanley disclaims any
and all liability relating to this information, including without limitation
any express or implied representations or warranties for, statements
contained in, and omissions from the information contained here in.
Additional information is available upon request. Morgan Stanley and others
associated with it may have positions in, and may effect transaction in,
securities and instruments of issuers mentioned herein and may also perform
or seek to perform investment banking services for the issuers of such
securities and instruments. Past performance is not necessarily indicative of
future results. Price and availability are subject to change without notice.
Information contained in this material is current as of the date appearing on
this material only. Information in this material regarding any assets backing
any securities discussed herein supercedes all prior information regarding
such assets. Morgan Stanley is acting as the lead underwriter and not acting
as agent for the issuer or its affiliates in connection with the proposed
transaction. To our readers worldwide: In addition, please note that this
publication has been issued by Morgan Stanley, approved by Morgan Stanley
International Limited, a member of The Securities and Futures Authority, and
by Morgan Stanley Japan Ltd. We recommend that such investors obtain the
advice of their Morgan Stanley, Morgan Stanley International or Morgan
Stanley Japan Ltd. representative about the investments concerned. NOT FOR
DISTRIBUTION TO PRIVATE CUSTOMERS AS DEFINED BY THE U.K. SECURITIES AND
FUTURES AUTHORITY.
<PAGE>
TO 5% CALL
----------
PERCENTAGE OF INITIAL CLASS A-V1 CERTIFICATE PRINCIPAL BALANCE OUTSTANDING
<TABLE>
<CAPTION>
DATES SCENARIO 1 SCENARIO 2 SCENARIO 3 SCENARIO 4 SCENARIO 5 SCENARIO 6 SCENARIO 7 SCENARIO 8
---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
12/1/2000 100 100 100 100 100 100 100 100
12/25/2001 97 94 91 88 85 81 78 75
12/25/2002 95 84 74 65 56 47 39 32
12/25/2003 94 76 60 47 36 26 19 13
12/25/2004 94 69 49 34 23 15 9 5
12/25/2005 93 62 40 25 15 8 4 0
12/25/2006 93 56 33 18 10 5 0 0
12/25/2007 92 50 27 13 6 2 0 0
12/25/2008 91 45 22 10 4 0 0 0
12/25/2009 90 41 18 7 2 0 0 0
12/25/2010 89 37 15 5 0 0 0 0
12/25/2011 88 33 12 4 0 0 0 0
12/25/2012 87 30 10 0 0 0 0 0
12/25/2013 86 27 8 0 0 0 0 0
12/25/2014 84 24 6 0 0 0 0 0
12/25/2015 82 22 5 0 0 0 0 0
12/25/2016 80 19 4 0 0 0 0 0
12/25/2017 78 17 3 0 0 0 0 0
12/25/2018 75 15 0 0 0 0 0 0
12/25/2019 72 13 0 0 0 0 0 0
12/25/2020 69 12 0 0 0 0 0 0
12/25/2021 65 10 0 0 0 0 0 0
12/25/2022 60 8 0 0 0 0 0 0
12/25/2023 55 7 0 0 0 0 0 0
12/25/2024 50 6 0 0 0 0 0 0
12/25/2025 43 0 0 0 0 0 0 0
12/25/2026 36 0 0 0 0 0 0 0
12/25/2027 29 0 0 0 0 0 0 0
12/25/2028 20 0 0 0 0 0 0 0
12/25/2029 10 0 0 0 0 0 0 0
12/25/2030 0 0 0 0 0 0 0 0
12/25/2031 0 0 0 0 0 0 0 0
PPC FIXED% 0 35 60 90 110 140 175 200
PPC ARM % 0 25 50 75 100 125 150 175
</TABLE>
------------------------------------------------------------------------------
15
This information is being delivered to a specific number of prospective
sophisticated investors in order to assist them in determining whether they
have an interest in the type of security described herein. It has been
prepared solely for information purposes and is not an offer to buy or sell
or a solicitation of an offer to buy or sell any security or instrument or to
participate in any trading strategy. This material is based on information
that Morgan Stanley & Co. Incorporated ("Morgan Stanley") considers reliable.
Morgan Stanley makes no representation or warranty with respect to the
accuracy or completeness of the information, or with respect to the terms of
any future offer of securities conforming to the terms hereof. Any such offer
of securities would be made pursuant to a definitive Prospectus or Private
Placement Memorandum, as the case may be, prepared by the issuer which could
contain material information not contained herein and to which the
prospective purchasers are referred. In the event of any such offering, this
information shall be deemed superseded, amended and supplemented in its
entirety by such Prospectus or Private Placement Memorandum. Such Prospectus
or Private Placement will contain all material information in respect of any
securities offered thereby and any decision to invest in such securities
should be made solely in reliance upon such Prospectus or Private Placement
Memorandum. The information contained here in may be based on assumptions
regarding market conditions and other matters as reflected therein and is
therefore subject to change. We make no representations regarding the
reasonableness of such assumptions or the likelihood that any of such
assumptions will coincide with actual market conditions or events, and this
material should not be relied on for such purposes. No representation is made
that any returns indicated will be achieved. Changes to the assumptions may
have a material impact on any returns detailed. Morgan Stanley disclaims any
and all liability relating to this information, including without limitation
any express or implied representations or warranties for, statements
contained in, and omissions from the information contained here in.
Additional information is available upon request. Morgan Stanley and others
associated with it may have positions in, and may effect transaction in,
securities and instruments of issuers mentioned herein and may also perform
or seek to perform investment banking services for the issuers of such
securities and instruments. Past performance is not necessarily indicative of
future results. Price and availability are subject to change without notice.
Information contained in this material is current as of the date appearing on
this material only. Information in this material regarding any assets backing
any securities discussed herein supercedes all prior information regarding
such assets. Morgan Stanley is acting as the lead underwriter and not acting
as agent for the issuer or its affiliates in connection with the proposed
transaction. To our readers worldwide: In addition, please note that this
publication has been issued by Morgan Stanley, approved by Morgan Stanley
International Limited, a member of The Securities and Futures Authority, and
by Morgan Stanley Japan Ltd. We recommend that such investors obtain the
advice of their Morgan Stanley, Morgan Stanley International or Morgan
Stanley Japan Ltd. representative about the investments concerned. NOT FOR
DISTRIBUTION TO PRIVATE CUSTOMERS AS DEFINED BY THE U.K. SECURITIES AND
FUTURES AUTHORITY.
<PAGE>
TO 5% CALL
----------
PERCENTAGE OF INITIAL CLASS A-V2 CERTIFICATE PRINCIPAL BALANCE OUTSTANDING
<TABLE>
<CAPTION>
DATES SCENARIO 1 SCENARIO 2 SCENARIO 3 SCENARIO 4 SCENARIO 5 SCENARIO 6 SCENARIO 7 SCENARIO 8
---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
12/1/2000 100 100 100 100 100 100 100 100
12/25/2001 97 94 91 88 85 81 78 75
12/25/2002 95 84 74 65 56 47 39 32
12/25/2003 94 76 60 47 36 26 19 13
12/25/2004 94 69 49 34 23 15 9 5
12/25/2005 93 62 40 25 15 8 4 0
12/25/2006 93 56 33 18 10 5 0 0
12/25/2007 92 50 27 13 6 2 0 0
12/25/2008 91 45 22 10 4 0 0 0
12/25/2009 90 41 18 7 2 0 0 0
12/25/2010 89 37 15 5 0 0 0 0
12/25/2011 88 33 12 4 0 0 0 0
12/25/2012 87 30 10 0 0 0 0 0
12/25/2013 85 27 8 0 0 0 0 0
12/25/2014 84 24 6 0 0 0 0 0
12/25/2015 82 21 5 0 0 0 0 0
12/25/2016 80 19 4 0 0 0 0 0
12/25/2017 77 17 3 0 0 0 0 0
12/25/2018 75 15 0 0 0 0 0 0
12/25/2019 71 13 0 0 0 0 0 0
12/25/2020 68 11 0 0 0 0 0 0
12/25/2021 64 10 0 0 0 0 0 0
12/25/2022 59 8 0 0 0 0 0 0
12/25/2023 54 7 0 0 0 0 0 0
12/25/2024 48 6 0 0 0 0 0 0
12/25/2025 42 0 0 0 0 0 0 0
12/25/2026 35 0 0 0 0 0 0 0
12/25/2027 27 0 0 0 0 0 0 0
12/25/2028 18 0 0 0 0 0 0 0
12/25/2029 8 0 0 0 0 0 0 0
12/25/2030 0 0 0 0 0 0 0 0
12/25/2031 0 0 0 0 0 0 0 0
PPC FIXED% 0 35 60 90 110 140 175 200
PPC ARM % 0 25 50 75 100 125 150 175
</TABLE>
------------------------------------------------------------------------------
16
This information is being delivered to a specific number of prospective
sophisticated investors in order to assist them in determining whether they
have an interest in the type of security described herein. It has been
prepared solely for information purposes and is not an offer to buy or sell
or a solicitation of an offer to buy or sell any security or instrument or to
participate in any trading strategy. This material is based on information
that Morgan Stanley & Co. Incorporated ("Morgan Stanley") considers reliable.
Morgan Stanley makes no representation or warranty with respect to the
accuracy or completeness of the information, or with respect to the terms of
any future offer of securities conforming to the terms hereof. Any such offer
of securities would be made pursuant to a definitive Prospectus or Private
Placement Memorandum, as the case may be, prepared by the issuer which could
contain material information not contained herein and to which the
prospective purchasers are referred. In the event of any such offering, this
information shall be deemed superseded, amended and supplemented in its
entirety by such Prospectus or Private Placement Memorandum. Such Prospectus
or Private Placement will contain all material information in respect of any
securities offered thereby and any decision to invest in such securities
should be made solely in reliance upon such Prospectus or Private Placement
Memorandum. The information contained here in may be based on assumptions
regarding market conditions and other matters as reflected therein and is
therefore subject to change. We make no representations regarding the
reasonableness of such assumptions or the likelihood that any of such
assumptions will coincide with actual market conditions or events, and this
material should not be relied on for such purposes. No representation is made
that any returns indicated will be achieved. Changes to the assumptions may
have a material impact on any returns detailed. Morgan Stanley disclaims any
and all liability relating to this information, including without limitation
any express or implied representations or warranties for, statements
contained in, and omissions from the information contained here in.
Additional information is available upon request. Morgan Stanley and others
associated with it may have positions in, and may effect transaction in,
securities and instruments of issuers mentioned herein and may also perform
or seek to perform investment banking services for the issuers of such
securities and instruments. Past performance is not necessarily indicative of
future results. Price and availability are subject to change without notice.
Information contained in this material is current as of the date appearing on
this material only. Information in this material regarding any assets backing
any securities discussed herein supercedes all prior information regarding
such assets. Morgan Stanley is acting as the lead underwriter and not acting
as agent for the issuer or its affiliates in connection with the proposed
transaction. To our readers worldwide: In addition, please note that this
publication has been issued by Morgan Stanley, approved by Morgan Stanley
International Limited, a member of The Securities and Futures Authority, and
by Morgan Stanley Japan Ltd. We recommend that such investors obtain the
advice of their Morgan Stanley, Morgan Stanley International or Morgan
Stanley Japan Ltd. representative about the investments concerned. NOT FOR
DISTRIBUTION TO PRIVATE CUSTOMERS AS DEFINED BY THE U.K. SECURITIES AND
FUTURES AUTHORITY.
<PAGE>
TO MATURITY
-----------
PERCENTAGE OF INITIAL CLASS A-1F CERTIFICATE PRINCIPAL BALANCE OUTSTANDING
<TABLE>
<CAPTION>
DATES SCENARIO 1 SCENARIO 2 SCENARIO 3 SCENARIO 4 SCENARIO 5 SCENARIO 6 SCENARIO 7 SCENARIO 8
---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
12/1/2000 100 100 100 100 100 100 100 100
12/25/2001 88 73 62 49 40 27 11 0
12/25/2002 85 46 19 0 0 0 0 0
12/25/2003 82 21 0 0 0 0 0 0
12/25/2004 79 0 0 0 0 0 0 0
12/25/2005 76 0 0 0 0 0 0 0
12/25/2006 72 0 0 0 0 0 0 0
12/25/2007 68 0 0 0 0 0 0 0
12/25/2008 64 0 0 0 0 0 0 0
12/25/2009 60 0 0 0 0 0 0 0
12/25/2010 56 0 0 0 0 0 0 0
12/25/2011 51 0 0 0 0 0 0 0
12/25/2012 45 0 0 0 0 0 0 0
12/25/2013 38 0 0 0 0 0 0 0
12/25/2014 31 0 0 0 0 0 0 0
12/25/2015 22 0 0 0 0 0 0 0
12/25/2016 13 0 0 0 0 0 0 0
12/25/2017 2 0 0 0 0 0 0 0
12/25/2018 0 0 0 0 0 0 0 0
12/25/2019 0 0 0 0 0 0 0 0
12/25/2020 0 0 0 0 0 0 0 0
12/25/2021 0 0 0 0 0 0 0 0
12/25/2022 0 0 0 0 0 0 0 0
12/25/2023 0 0 0 0 0 0 0 0
12/25/2024 0 0 0 0 0 0 0 0
12/25/2025 0 0 0 0 0 0 0 0
12/25/2026 0 0 0 0 0 0 0 0
12/25/2027 0 0 0 0 0 0 0 0
12/25/2028 0 0 0 0 0 0 0 0
12/25/2029 0 0 0 0 0 0 0 0
12/25/2030 0 0 0 0 0 0 0 0
12/25/2031 0 0 0 0 0 0 0 0
PPC FIXED% 0 35 60 90 110 140 175 200
PPC ARM % 0 25 50 75 100 125 150 175
------------------------------------------------------------------------------------------------------------------
17
</TABLE>
This information is being delivered to a specific number of prospective
sophisticated investors in order to assist them in determining whether they
have an interest in the type of security described herein. It has been
prepared solely for information purposes and is not an offer to buy or sell
or a solicitation of an offer to buy or sell any security or instrument or to
participate in any trading strategy. This material is based on information
that Morgan Stanley & Co. Incorporated ("Morgan Stanley") considers reliable.
Morgan Stanley makes no representation or warranty with respect to the
accuracy or completeness of the information, or with respect to the terms of
any future offer of securities conforming to the terms hereof. Any such offer
of securities would be made pursuant to a definitive Prospectus or Private
Placement Memorandum, as the case may be, prepared by the issuer which could
contain material information not contained herein and to which the
prospective purchasers are referred. In the event of any such offering, this
information shall be deemed superseded, amended and supplemented in its
entirety by such Prospectus or Private Placement Memorandum. Such Prospectus
or Private Placement will contain all material information in respect of any
securities offered thereby and any decision to invest in such securities
should be made solely in reliance upon such Prospectus or Private Placement
Memorandum. The information contained here in may be based on assumptions
regarding market conditions and other matters as reflected therein and is
therefore subject to change. We make no representations regarding the
reasonableness of such assumptions or the likelihood that any of such
assumptions will coincide with actual market conditions or events, and this
material should not be relied on for such purposes. No representation is made
that any returns indicated will be achieved. Changes to the assumptions may
have a material impact on any returns detailed. Morgan Stanley disclaims any
and all liability relating to this information, including without limitation
any express or implied representations or warranties for, statements
contained in, and omissions from the information contained here in.
Additional information is available upon request. Morgan Stanley and others
associated with it may have positions in, and may effect transaction in,
securities and instruments of issuers mentioned herein and may also perform
or seek to perform investment banking services for the issuers of such
securities and instruments. Past performance is not necessarily indicative of
future results. Price and availability are subject to change without notice.
Information contained in this material is current as of the date appearing on
this material only. Information in this material regarding any assets backing
any securities discussed herein supercedes all prior information regarding
such assets. Morgan Stanley is acting as the lead underwriter and not acting
as agent for the issuer or its affiliates in connection with the proposed
transaction. To our readers worldwide: In addition, please note that this
publication has been issued by Morgan Stanley, approved by Morgan Stanley
International Limited, a member of The Securities and Futures Authority, and
by Morgan Stanley Japan Ltd. We recommend that such investors obtain the
advice of their Morgan Stanley, Morgan Stanley International or Morgan
Stanley Japan Ltd. representative about the investments concerned. NOT FOR
DISTRIBUTION TO PRIVATE CUSTOMERS AS DEFINED BY THE U.K. SECURITIES AND
FUTURES AUTHORITY.
<PAGE>
TO MATURITY
-----------
PERCENTAGE OF INITIAL CLASS A-2F CERTIFICATE PRINCIPAL BALANCE OUTSTANDING
<TABLE>
<CAPTION>
DATES SCENARIO 1 SCENARIO 2 SCENARIO 3 SCENARIO 4 SCENARIO 5 SCENARIO 6 SCENARIO 7 SCENARIO 8
---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
12/1/2000 100 100 100 100 100 100 100 100
12/25/2001 100 100 100 100 100 100 100 100
12/25/2002 100 100 100 79 43 0 0 0
12/25/2003 100 100 67 0 0 0 0 0
12/25/2004 100 98 11 0 0 0 0 0
12/25/2005 100 61 0 0 0 0 0 0
12/25/2006 100 28 0 0 0 0 0 0
12/25/2007 100 0 0 0 0 0 0 0
12/25/2008 100 0 0 0 0 0 0 0
12/25/2009 100 0 0 0 0 0 0 0
12/25/2010 100 0 0 0 0 0 0 0
12/25/2011 100 0 0 0 0 0 0 0
12/25/2012 100 0 0 0 0 0 0 0
12/25/2013 100 0 0 0 0 0 0 0
12/25/2014 100 0 0 0 0 0 0 0
12/25/2015 100 0 0 0 0 0 0 0
12/25/2016 100 0 0 0 0 0 0 0
12/25/2017 100 0 0 0 0 0 0 0
12/25/2018 81 0 0 0 0 0 0 0
12/25/2019 56 0 0 0 0 0 0 0
12/25/2020 28 0 0 0 0 0 0 0
12/25/2021 0 0 0 0 0 0 0 0
12/25/2022 0 0 0 0 0 0 0 0
12/25/2023 0 0 0 0 0 0 0 0
12/25/2024 0 0 0 0 0 0 0 0
12/25/2025 0 0 0 0 0 0 0 0
12/25/2026 0 0 0 0 0 0 0 0
12/25/2027 0 0 0 0 0 0 0 0
12/25/2028 0 0 0 0 0 0 0 0
12/25/2029 0 0 0 0 0 0 0 0
12/25/2030 0 0 0 0 0 0 0 0
12/25/2031 0 0 0 0 0 0 0 0
PPC FIXED% 0 35 60 90 110 140 175 200
PPC ARM % 0 25 50 75 100 125 150 175
------------------------------------------------------------------------------------------------------------------
18
</TABLE>
This information is being delivered to a specific number of prospective
sophisticated investors in order to assist them in determining whether they
have an interest in the type of security described herein. It has been
prepared solely for information purposes and is not an offer to buy or sell
or a solicitation of an offer to buy or sell any security or instrument or to
participate in any trading strategy. This material is based on information
that Morgan Stanley & Co. Incorporated ("Morgan Stanley") considers reliable.
Morgan Stanley makes no representation or warranty with respect to the
accuracy or completeness of the information, or with respect to the terms of
any future offer of securities conforming to the terms hereof. Any such offer
of securities would be made pursuant to a definitive Prospectus or Private
Placement Memorandum, as the case may be, prepared by the issuer which could
contain material information not contained herein and to which the
prospective purchasers are referred. In the event of any such offering, this
information shall be deemed superseded, amended and supplemented in its
entirety by such Prospectus or Private Placement Memorandum. Such Prospectus
or Private Placement will contain all material information in respect of any
securities offered thereby and any decision to invest in such securities
should be made solely in reliance upon such Prospectus or Private Placement
Memorandum. The information contained here in may be based on assumptions
regarding market conditions and other matters as reflected therein and is
therefore subject to change. We make no representations regarding the
reasonableness of such assumptions or the likelihood that any of such
assumptions will coincide with actual market conditions or events, and this
material should not be relied on for such purposes. No representation is made
that any returns indicated will be achieved. Changes to the assumptions may
have a material impact on any returns detailed. Morgan Stanley disclaims any
and all liability relating to this information, including without limitation
any express or implied representations or warranties for, statements
contained in, and omissions from the information contained here in.
Additional information is available upon request. Morgan Stanley and others
associated with it may have positions in, and may effect transaction in,
securities and instruments of issuers mentioned herein and may also perform
or seek to perform investment banking services for the issuers of such
securities and instruments. Past performance is not necessarily indicative of
future results. Price and availability are subject to change without notice.
Information contained in this material is current as of the date appearing on
this material only. Information in this material regarding any assets backing
any securities discussed herein supercedes all prior information regarding
such assets. Morgan Stanley is acting as the lead underwriter and not acting
as agent for the issuer or its affiliates in connection with the proposed
transaction. To our readers worldwide: In addition, please note that this
publication has been issued by Morgan Stanley, approved by Morgan Stanley
International Limited, a member of The Securities and Futures Authority, and
by Morgan Stanley Japan Ltd. We recommend that such investors obtain the
advice of their Morgan Stanley, Morgan Stanley International or Morgan
Stanley Japan Ltd. representative about the investments concerned. NOT FOR
DISTRIBUTION TO PRIVATE CUSTOMERS AS DEFINED BY THE U.K. SECURITIES AND
FUTURES AUTHORITY.
<PAGE>
TO MATURITY
-----------
PERCENTAGE OF INITIAL CLASS A-3F CERTIFICATE PRINCIPAL BALANCE OUTSTANDING
<TABLE>
<CAPTION>
DATES SCENARIO 1 SCENARIO 2 SCENARIO 3 SCENARIO 4 SCENARIO 5 SCENARIO 6 SCENARIO 7 SCENARIO 8
------------ ------------ ------------ ------------ ------------ ------------ ------------ ------------ ------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
12/1/2000 100 100 100 100 100 100 100 100
12/25/2001 100 100 100 100 100 100 100 100
12/25/2002 100 100 100 100 100 92 33 0
12/25/2003 100 100 100 90 41 0 0 0
12/25/2004 100 100 100 19 0 0 0 0
12/25/2005 100 100 60 0 0 0 0 0
12/25/2006 100 100 18 0 0 0 0 0
12/25/2007 100 97 0 0 0 0 0 0
12/25/2008 100 73 0 0 0 0 0 0
12/25/2009 100 49 0 0 0 0 0 0
12/25/2010 100 27 0 0 0 0 0 0
12/25/2011 100 5 0 0 0 0 0 0
12/25/2012 100 0 0 0 0 0 0 0
12/25/2013 100 0 0 0 0 0 0 0
12/25/2014 100 0 0 0 0 0 0 0
12/25/2015 100 0 0 0 0 0 0 0
12/25/2016 100 0 0 0 0 0 0 0
12/25/2017 100 0 0 0 0 0 0 0
12/25/2018 100 0 0 0 0 0 0 0
12/25/2019 100 0 0 0 0 0 0 0
12/25/2020 100 0 0 0 0 0 0 0
12/25/2021 95 0 0 0 0 0 0 0
12/25/2022 58 0 0 0 0 0 0 0
12/25/2023 17 0 0 0 0 0 0 0
12/25/2024 0 0 0 0 0 0 0 0
12/25/2025 0 0 0 0 0 0 0 0
12/25/2026 0 0 0 0 0 0 0 0
12/25/2027 0 0 0 0 0 0 0 0
12/25/2028 0 0 0 0 0 0 0 0
12/25/2029 0 0 0 0 0 0 0 0
12/25/2030 0 0 0 0 0 0 0 0
12/25/2031 0 0 0 0 0 0 0 0
PPC FIXED% 0 35 60 90 110 140 175 200
PPC ARM % 0 25 50 75 100 125 150 175
</TABLE>
--------------------------------------------------------------------------------
19
This information is being delivered to a specific number of prospective
sophisticated investors in order to assist them in determining whether they have
an interest in the type of security described herein. It has been prepared
solely for information purposes and is not an offer to buy or sell or a
solicitation of an offer to buy or sell any security or instrument or to
participate in any trading strategy. This material is based on information that
Morgan Stanley & Co. Incorporated ("Morgan Stanley") considers reliable. Morgan
Stanley makes no representation or warranty with respect to the accuracy or
completeness of the information, or with respect to the terms of any future
offer of securities conforming to the terms hereof. Any such offer of securities
would be made pursuant to a definitive Prospectus or Private Placement
Memorandum, as the case may be, prepared by the issuer which could contain
material information not contained herein and to which the prospective
purchasers are referred. In the event of any such offering, this information
shall be deemed superseded, amended and supplemented in its entirety by such
Prospectus or Private Placement Memorandum. Such Prospectus or Private Placement
will contain all material information in respect of any securities offered
thereby and any decision to invest in such securities should be made solely in
reliance upon such Prospectus or Private Placement Memorandum. The information
contained here in may be based on assumptions regarding market conditions and
other matters as reflected therein and is therefore subject to change. We make
no representations regarding the reasonableness of such assumptions or the
likelihood that any of such assumptions will coincide with actual market
conditions or events, and this material should not be relied on for such
purposes. No representation is made that any returns indicated will be achieved.
Changes to the assumptions may have a material impact on any returns detailed.
Morgan Stanley disclaims any and all liability relating to this information,
including without limitation any express or implied representations or
warranties for, statements contained in, and omissions from the information
contained here in. Additional information is available upon request. Morgan
Stanley and others associated with it may have positions in, and may effect
transaction in, securities and instruments of issuers mentioned herein and may
also perform or seek to perform investment banking services for the issuers of
such securities and instruments. Past performance is not necessarily indicative
of future results. Price and availability are subject to change without notice.
Information contained in this material is current as of the date appearing on
this material only. Information in this material regarding any assets backing
any securities discussed herein supercedes all prior information regarding such
assets. Morgan Stanley is acting as the lead underwriter and not acting as agent
for the issuer or its affiliates in connection with the proposed transaction. To
our readers worldwide: In addition, please note that this publication has been
issued by Morgan Stanley, approved by Morgan Stanley International Limited, a
member of The Securities and Futures Authority, and by Morgan Stanley Japan Ltd.
We recommend that such investors obtain the advice of their Morgan Stanley,
Morgan Stanley International or Morgan Stanley Japan Ltd. representative about
the investments concerned. NOT FOR DISTRIBUTION TO PRIVATE CUSTOMERS AS DEFINED
BY THE U.K. SECURITIES AND FUTURES AUTHORITY.
<PAGE>
TO MATURITY
-----------
PERCENTAGE OF INITIAL CLASS A-4F CERTIFICATE PRINCIPAL BALANCE OUTSTANDING
<TABLE>
<CAPTION>
DATES SCENARIO 1 SCENARIO 2 SCENARIO 3 SCENARIO 4 SCENARIO 5 SCENARIO 6 SCENARIO 7 SCENARIO 8
------------ ------------ ------------ ------------ ------------ ------------ ------------ ------------ ------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
12/1/2000 100 100 100 100 100 100 100 100
12/25/2001 100 100 100 100 100 100 100 100
12/25/2002 100 100 100 100 100 100 100 95
12/25/2003 100 100 100 100 100 86 43 17
12/25/2004 100 100 100 100 80 37 0 0
12/25/2005 100 100 100 76 43 3 0 0
12/25/2006 100 100 100 48 17 0 0 0
12/25/2007 100 100 89 26 0 0 0 0
12/25/2008 100 100 73 14 0 0 0 0
12/25/2009 100 100 58 1 0 0 0 0
12/25/2010 100 100 43 0 0 0 0 0
12/25/2011 100 100 29 0 0 0 0 0
12/25/2012 100 89 16 0 0 0 0 0
12/25/2013 100 76 5 0 0 0 0 0
12/25/2014 100 63 0 0 0 0 0 0
12/25/2015 100 50 0 0 0 0 0 0
12/25/2016 100 38 0 0 0 0 0 0
12/25/2017 100 27 0 0 0 0 0 0
12/25/2018 100 16 0 0 0 0 0 0
12/25/2019 100 5 0 0 0 0 0 0
12/25/2020 100 0 0 0 0 0 0 0
12/25/2021 100 0 0 0 0 0 0 0
12/25/2022 100 0 0 0 0 0 0 0
12/25/2023 100 0 0 0 0 0 0 0
12/25/2024 80 0 0 0 0 0 0 0
12/25/2025 45 0 0 0 0 0 0 0
12/25/2026 5 0 0 0 0 0 0 0
12/25/2027 0 0 0 0 0 0 0 0
12/25/2028 0 0 0 0 0 0 0 0
12/25/2029 0 0 0 0 0 0 0 0
12/25/2030 0 0 0 0 0 0 0 0
12/25/2031 0 0 0 0 0 0 0 0
PPC FIXED% 0 35 60 90 110 140 175 200
PPC ARM % 0 25 50 75 100 125 150 175
</TABLE>
--------------------------------------------------------------------------------
20
This information is being delivered to a specific number of prospective
sophisticated investors in order to assist them in determining whether they have
an interest in the type of security described herein. It has been prepared
solely for information purposes and is not an offer to buy or sell or a
solicitation of an offer to buy or sell any security or instrument or to
participate in any trading strategy. This material is based on information that
Morgan Stanley & Co. Incorporated ("Morgan Stanley") considers reliable. Morgan
Stanley makes no representation or warranty with respect to the accuracy or
completeness of the information, or with respect to the terms of any future
offer of securities conforming to the terms hereof. Any such offer of securities
would be made pursuant to a definitive Prospectus or Private Placement
Memorandum, as the case may be, prepared by the issuer which could contain
material information not contained herein and to which the prospective
purchasers are referred. In the event of any such offering, this information
shall be deemed superseded, amended and supplemented in its entirety by such
Prospectus or Private Placement Memorandum. Such Prospectus or Private Placement
will contain all material information in respect of any securities offered
thereby and any decision to invest in such securities should be made solely in
reliance upon such Prospectus or Private Placement Memorandum. The information
contained here in may be based on assumptions regarding market conditions and
other matters as reflected therein and is therefore subject to change. We make
no representations regarding the reasonableness of such assumptions or the
likelihood that any of such assumptions will coincide with actual market
conditions or events, and this material should not be relied on for such
purposes. No representation is made that any returns indicated will be achieved.
Changes to the assumptions may have a material impact on any returns detailed.
Morgan Stanley disclaims any and all liability relating to this information,
including without limitation any express or implied representations or
warranties for, statements contained in, and omissions from the information
contained here in. Additional information is available upon request. Morgan
Stanley and others associated with it may have positions in, and may effect
transaction in, securities and instruments of issuers mentioned herein and may
also perform or seek to perform investment banking services for the issuers of
such securities and instruments. Past performance is not necessarily indicative
of future results. Price and availability are subject to change without notice.
Information contained in this material is current as of the date appearing on
this material only. Information in this material regarding any assets backing
any securities discussed herein supercedes all prior information regarding such
assets. Morgan Stanley is acting as the lead underwriter and not acting as agent
for the issuer or its affiliates in connection with the proposed transaction. To
our readers worldwide: In addition, please note that this publication has been
issued by Morgan Stanley, approved by Morgan Stanley International Limited, a
member of The Securities and Futures Authority, and by Morgan Stanley Japan Ltd.
We recommend that such investors obtain the advice of their Morgan Stanley,
Morgan Stanley International or Morgan Stanley Japan Ltd. representative about
the investments concerned. NOT FOR DISTRIBUTION TO PRIVATE CUSTOMERS AS DEFINED
BY THE U.K. SECURITIES AND FUTURES AUTHORITY.
<PAGE>
TO MATURITY
-----------
PERCENTAGE OF INITIAL CLASS A-5F CERTIFICATE PRINCIPAL BALANCE OUTSTANDING
<TABLE>
<CAPTION>
DATES SCENARIO 1 SCENARIO 2 SCENARIO 3 SCENARIO 4 SCENARIO 5 SCENARIO 6 SCENARIO 7 SCENARIO 8
---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
12/1/2000 100 100 100 100 100 100 100 100
12/25/2001 100 100 100 100 100 100 100 100
12/25/2002 100 100 100 100 100 100 100 100
12/25/2003 100 100 100 100 100 100 100 100
12/25/2004 100 100 100 100 100 100 98 65
12/25/2005 100 100 100 100 100 100 56 31
12/25/2006 100 100 100 100 100 73 34 16
12/25/2007 100 100 100 100 96 52 21 9
12/25/2008 100 100 100 100 82 44 18 8
12/25/2009 100 100 100 100 66 33 12 4
12/25/2010 100 100 100 84 52 23 7 1
12/25/2011 100 100 100 69 40 15 3 0
12/25/2012 100 100 100 56 30 10 1 0
12/25/2013 100 100 100 44 22 6 0 0
12/25/2014 100 100 92 35 16 3 0 0
12/25/2015 100 100 79 27 11 1 0 0
12/25/2016 100 100 67 20 7 0 0 0
12/25/2017 100 100 56 15 5 0 0 0
12/25/2018 100 100 47 11 3 0 0 0
12/25/2019 100 100 38 8 1 0 0 0
12/25/2020 100 93 30 5 0 0 0 0
12/25/2021 100 79 23 3 0 0 0 0
12/25/2022 100 65 18 1 0 0 0 0
12/25/2023 100 52 13 0 0 0 0 0
12/25/2024 100 39 8 0 0 0 0 0
12/25/2025 100 27 4 0 0 0 0 0
12/25/2026 100 14 1 0 0 0 0 0
12/25/2027 40 3 0 0 0 0 0 0
12/25/2028 0 0 0 0 0 0 0 0
12/25/2029 0 0 0 0 0 0 0 0
12/25/2030 0 0 0 0 0 0 0 0
12/25/2031 0 0 0 0 0 0 0 0
PPC FIXED% 0 35 60 90 110 140 175 200
PPC ARM % 0 25 50 75 100 125 150 175
</TABLE>
--------------------------------------------------------------------------------
21
This information is being delivered to a specific number of prospective
sophisticated investors in order to assist them in determining whether they have
an interest in the type of security described herein. It has been prepared
solely for information purposes and is not an offer to buy or sell or a
solicitation of an offer to buy or sell any security or instrument or to
participate in any trading strategy. This material is based on information that
Morgan Stanley & Co. Incorporated ("Morgan Stanley") considers reliable. Morgan
Stanley makes no representation or warranty with respect to the accuracy or
completeness of the information, or with respect to the terms of any future
offer of securities conforming to the terms hereof. Any such offer of securities
would be made pursuant to a definitive Prospectus or Private Placement
Memorandum, as the case may be, prepared by the issuer which could contain
material information not contained herein and to which the prospective
purchasers are referred. In the event of any such offering, this information
shall be deemed superseded, amended and supplemented in its entirety by such
Prospectus or Private Placement Memorandum. Such Prospectus or Private Placement
will contain all material information in respect of any securities offered
thereby and any decision to invest in such securities should be made solely in
reliance upon such Prospectus or Private Placement Memorandum. The information
contained here in may be based on assumptions regarding market conditions and
other matters as reflected therein and is therefore subject to change. We make
no representations regarding the reasonableness of such assumptions or the
likelihood that any of such assumptions will coincide with actual market
conditions or events, and this material should not be relied on for such
purposes. No representation is made that any returns indicated will be achieved.
Changes to the assumptions may have a material impact on any returns detailed.
Morgan Stanley disclaims any and all liability relating to this information,
including without limitation any express or implied representations or
warranties for, statements contained in, and omissions from the information
contained here in. Additional information is available upon request. Morgan
Stanley and others associated with it may have positions in, and may effect
transaction in, securities and instruments of issuers mentioned herein and may
also perform or seek to perform investment banking services for the issuers of
such securities and instruments. Past performance is not necessarily indicative
of future results. Price and availability are subject to change without notice.
Information contained in this material is current as of the date appearing on
this material only. Information in this material regarding any assets backing
any securities discussed herein supercedes all prior information regarding such
assets. Morgan Stanley is acting as the lead underwriter and not acting as agent
for the issuer or its affiliates in connection with the proposed transaction. To
our readers worldwide: In addition, please note that this publication has been
issued by Morgan Stanley, approved by Morgan Stanley International Limited, a
member of The Securities and Futures Authority, and by Morgan Stanley Japan Ltd.
We recommend that such investors obtain the advice of their Morgan Stanley,
Morgan Stanley International or Morgan Stanley Japan Ltd. representative about
the investments concerned. NOT FOR DISTRIBUTION TO PRIVATE CUSTOMERS AS DEFINED
BY THE U.K. SECURITIES AND FUTURES AUTHORITY.
<PAGE>
TO MATURITY
-----------
PERCENTAGE OF INITIAL CLASS A-6F CERTIFICATE PRINCIPAL BALANCE OUTSTANDING
<TABLE>
<CAPTION>
DATES SCENARIO 1 SCENARIO 2 SCENARIO 3 SCENARIO 4 SCENARIO 5 SCENARIO 6 SCENARIO 7 SCENARIO 8
---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
12/1/2000 100 100 100 100 100 100 100 100
12/25/2001 100 100 100 100 100 100 100 100
12/25/2002 100 100 100 100 100 100 100 100
12/25/2003 100 100 100 100 100 100 100 100
12/25/2004 100 96 94 91 89 86 82 79
12/25/2005 99 93 88 83 79 74 68 63
12/25/2006 98 86 78 70 65 56 48 41
12/25/2007 97 79 68 57 50 40 30 22
12/25/2008 93 60 44 30 22 14 6 4
12/25/2009 89 45 29 15 10 4 1 0
12/25/2010 84 35 18 8 4 1 0 0
12/25/2011 79 26 12 4 2 0 0 0
12/25/2012 73 20 7 2 1 0 0 0
12/25/2013 68 14 5 1 0 0 0 0
12/25/2014 61 11 3 0 0 0 0 0
12/25/2015 55 8 2 0 0 0 0 0
12/25/2016 49 5 1 0 0 0 0 0
12/25/2017 42 4 1 0 0 0 0 0
12/25/2018 35 3 0 0 0 0 0 0
12/25/2019 29 2 0 0 0 0 0 0
12/25/2020 23 1 0 0 0 0 0 0
12/25/2021 17 1 0 0 0 0 0 0
12/25/2022 12 0 0 0 0 0 0 0
12/25/2023 7 0 0 0 0 0 0 0
12/25/2024 4 0 0 0 0 0 0 0
12/25/2025 2 0 0 0 0 0 0 0
12/25/2026 0 0 0 0 0 0 0 0
12/25/2027 0 0 0 0 0 0 0 0
12/25/2028 0 0 0 0 0 0 0 0
12/25/2029 0 0 0 0 0 0 0 0
12/25/2030 0 0 0 0 0 0 0 0
12/25/2031 0 0 0 0 0 0 0 0
PPC FIXED% 0 35 60 90 110 140 175 200
PPC ARM % 0 25 50 75 100 125 150 175
</TABLE>
--------------------------------------------------------------------------------
22
This information is being delivered to a specific number of prospective
sophisticated investors in order to assist them in determining whether they have
an interest in the type of security described herein. It has been prepared
solely for information purposes and is not an offer to buy or sell or a
solicitation of an offer to buy or sell any security or instrument or to
participate in any trading strategy. This material is based on information that
Morgan Stanley & Co. Incorporated ("Morgan Stanley") considers reliable. Morgan
Stanley makes no representation or warranty with respect to the accuracy or
completeness of the information, or with respect to the terms of any future
offer of securities conforming to the terms hereof. Any such offer of securities
would be made pursuant to a definitive Prospectus or Private Placement
Memorandum, as the case may be, prepared by the issuer which could contain
material information not contained herein and to which the prospective
purchasers are referred. In the event of any such offering, this information
shall be deemed superseded, amended and supplemented in its entirety by such
Prospectus or Private Placement Memorandum. Such Prospectus or Private Placement
will contain all material information in respect of any securities offered
thereby and any decision to invest in such securities should be made solely in
reliance upon such Prospectus or Private Placement Memorandum. The information
contained here in may be based on assumptions regarding market conditions and
other matters as reflected therein and is therefore subject to change. We make
no representations regarding the reasonableness of such assumptions or the
likelihood that any of such assumptions will coincide with actual market
conditions or events, and this material should not be relied on for such
purposes. No representation is made that any returns indicated will be achieved.
Changes to the assumptions may have a material impact on any returns detailed.
Morgan Stanley disclaims any and all liability relating to this information,
including without limitation any express or implied representations or
warranties for, statements contained in, and omissions from the information
contained here in. Additional information is available upon request. Morgan
Stanley and others associated with it may have positions in, and may effect
transaction in, securities and instruments of issuers mentioned herein and may
also perform or seek to perform investment banking services for the issuers of
such securities and instruments. Past performance is not necessarily indicative
of future results. Price and availability are subject to change without notice.
Information contained in this material is current as of the date appearing on
this material only. Information in this material regarding any assets backing
any securities discussed herein supercedes all prior information regarding such
assets. Morgan Stanley is acting as the lead underwriter and not acting as agent
for the issuer or its affiliates in connection with the proposed transaction. To
our readers worldwide: In addition, please note that this publication has been
issued by Morgan Stanley, approved by Morgan Stanley International Limited, a
member of The Securities and Futures Authority, and by Morgan Stanley Japan Ltd.
We recommend that such investors obtain the advice of their Morgan Stanley,
Morgan Stanley International or Morgan Stanley Japan Ltd. representative about
the investments concerned. NOT FOR DISTRIBUTION TO PRIVATE CUSTOMERS AS DEFINED
BY THE U.K. SECURITIES AND FUTURES AUTHORITY.
<PAGE>
TO MATURITY
-----------
PERCENTAGE OF INITIAL CLASS A-V1 CERTIFICATE PRINCIPAL BALANCE OUTSTANDING
<TABLE>
<CAPTION>
DATES SCENARIO 1 SCENARIO 2 SCENARIO 3 SCENARIO 4 SCENARIO 5 SCENARIO 6 SCENARIO 7 SCENARIO 8
---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
12/1/2000 100 100 100 100 100 100 100 100
12/25/2001 97 94 91 88 85 81 78 75
12/25/2002 95 84 74 65 56 47 39 32
12/25/2003 94 76 60 47 36 26 19 13
12/25/2004 94 69 49 34 23 15 9 5
12/25/2005 93 62 40 25 15 8 4 2
12/25/2006 93 56 33 18 10 5 2 0
12/25/2007 92 50 27 13 6 2 1 0
12/25/2008 91 45 22 10 4 1 0 0
12/25/2009 90 41 18 7 2 0 0 0
12/25/2010 89 37 15 5 1 0 0 0
12/25/2011 88 33 12 4 1 0 0 0
12/25/2012 87 30 10 3 0 0 0 0
12/25/2013 86 27 8 2 0 0 0 0
12/25/2014 84 24 6 1 0 0 0 0
12/25/2015 82 22 5 1 0 0 0 0
12/25/2016 80 19 4 0 0 0 0 0
12/25/2017 78 17 3 0 0 0 0 0
12/25/2018 75 15 2 0 0 0 0 0
12/25/2019 72 13 2 0 0 0 0 0
12/25/2020 69 12 1 0 0 0 0 0
12/25/2021 65 10 1 0 0 0 0 0
12/25/2022 60 8 1 0 0 0 0 0
12/25/2023 55 7 0 0 0 0 0 0
12/25/2024 50 6 0 0 0 0 0 0
12/25/2025 43 5 0 0 0 0 0 0
12/25/2026 36 3 0 0 0 0 0 0
12/25/2027 29 2 0 0 0 0 0 0
12/25/2028 20 1 0 0 0 0 0 0
12/25/2029 10 0 0 0 0 0 0 0
12/25/2030 0 0 0 0 0 0 0 0
12/25/2031 0 0 0 0 0 0 0 0
PPC FIXED% 0 35 60 90 110 140 175 200
PPC ARM % 0 25 50 75 100 125 150 175
</TABLE>
--------------------------------------------------------------------------------
23
This information is being delivered to a specific number of prospective
sophisticated investors in order to assist them in determining whether they have
an interest in the type of security described herein. It has been prepared
solely for information purposes and is not an offer to buy or sell or a
solicitation of an offer to buy or sell any security or instrument or to
participate in any trading strategy. This material is based on information that
Morgan Stanley & Co. Incorporated ("Morgan Stanley") considers reliable. Morgan
Stanley makes no representation or warranty with respect to the accuracy or
completeness of the information, or with respect to the terms of any future
offer of securities conforming to the terms hereof. Any such offer of securities
would be made pursuant to a definitive Prospectus or Private Placement
Memorandum, as the case may be, prepared by the issuer which could contain
material information not contained herein and to which the prospective
purchasers are referred. In the event of any such offering, this information
shall be deemed superseded, amended and supplemented in its entirety by such
Prospectus or Private Placement Memorandum. Such Prospectus or Private Placement
will contain all material information in respect of any securities offered
thereby and any decision to invest in such securities should be made solely in
reliance upon such Prospectus or Private Placement Memorandum. The information
contained here in may be based on assumptions regarding market conditions and
other matters as reflected therein and is therefore subject to change. We make
no representations regarding the reasonableness of such assumptions or the
likelihood that any of such assumptions will coincide with actual market
conditions or events, and this material should not be relied on for such
purposes. No representation is made that any returns indicated will be achieved.
Changes to the assumptions may have a material impact on any returns detailed.
Morgan Stanley disclaims any and all liability relating to this information,
including without limitation any express or implied representations or
warranties for, statements contained in, and omissions from the information
contained here in. Additional information is available upon request. Morgan
Stanley and others associated with it may have positions in, and may effect
transaction in, securities and instruments of issuers mentioned herein and may
also perform or seek to perform investment banking services for the issuers of
such securities and instruments. Past performance is not necessarily indicative
of future results. Price and availability are subject to change without notice.
Information contained in this material is current as of the date appearing on
this material only. Information in this material regarding any assets backing
any securities discussed herein supercedes all prior information regarding such
assets. Morgan Stanley is acting as the lead underwriter and not acting as agent
for the issuer or its affiliates in connection with the proposed transaction. To
our readers worldwide: In addition, please note that this publication has been
issued by Morgan Stanley, approved by Morgan Stanley International Limited, a
member of The Securities and Futures Authority, and by Morgan Stanley Japan Ltd.
We recommend that such investors obtain the advice of their Morgan Stanley,
Morgan Stanley International or Morgan Stanley Japan Ltd. representative about
the investments concerned. NOT FOR DISTRIBUTION TO PRIVATE CUSTOMERS AS DEFINED
BY THE U.K. SECURITIES AND FUTURES AUTHORITY.
<PAGE>
TO MATURITY
-----------
PERCENTAGE OF INITIAL CLASS A-V2 CERTIFICATE PRINCIPAL BALANCE OUTSTANDING
<TABLE>
<CAPTION>
DATES SCENARIO 1 SCENARIO 2 SCENARIO 3 SCENARIO 4 SCENARIO 5 SCENARIO 6 SCENARIO 7 SCENARIO 8
---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
12/1/2000 100 100 100 100 100 100 100 100
12/25/2001 97 94 91 88 85 81 78 75
12/25/2002 95 84 74 65 56 47 39 32
12/25/2003 94 76 60 47 36 26 19 13
12/25/2004 94 69 49 34 23 15 9 5
12/25/2005 93 62 40 25 15 8 4 2
12/25/2006 93 56 33 18 10 5 2 0
12/25/2007 92 50 27 13 6 2 1 0
12/25/2008 91 45 22 10 4 1 0 0
12/25/2009 90 41 18 7 2 0 0 0
12/25/2010 89 37 15 5 1 0 0 0
12/25/2011 88 33 12 4 1 0 0 0
12/25/2012 87 30 10 3 0 0 0 0
12/25/2013 85 27 8 2 0 0 0 0
12/25/2014 84 24 6 1 0 0 0 0
12/25/2015 82 21 5 1 0 0 0 0
12/25/2016 80 19 4 0 0 0 0 0
12/25/2017 77 17 3 0 0 0 0 0
12/25/2018 75 15 2 0 0 0 0 0
12/25/2019 71 13 2 0 0 0 0 0
12/25/2020 68 11 1 0 0 0 0 0
12/25/2021 64 10 1 0 0 0 0 0
12/25/2022 59 8 1 0 0 0 0 0
12/25/2023 54 7 0 0 0 0 0 0
12/25/2024 48 6 0 0 0 0 0 0
12/25/2025 42 4 0 0 0 0 0 0
12/25/2026 35 3 0 0 0 0 0 0
12/25/2027 27 2 0 0 0 0 0 0
12/25/2028 18 1 0 0 0 0 0 0
12/25/2029 8 0 0 0 0 0 0 0
12/25/2030 0 0 0 0 0 0 0 0
12/25/2031 0 0 0 0 0 0 0 0
PPC FIXED% 0 35 60 90 110 140 175 200
PPC ARM % 0 25 50 75 100 125 150 175
</TABLE>
--------------------------------------------------------------------------------
24
This information is being delivered to a specific number of prospective
sophisticated investors in order to assist them in determining whether they have
an interest in the type of security described herein. It has been prepared
solely for information purposes and is not an offer to buy or sell or a
solicitation of an offer to buy or sell any security or instrument or to
participate in any trading strategy. This material is based on information that
Morgan Stanley & Co. Incorporated ("Morgan Stanley") considers reliable. Morgan
Stanley makes no representation or warranty with respect to the accuracy or
completeness of the information, or with respect to the terms of any future
offer of securities conforming to the terms hereof. Any such offer of securities
would be made pursuant to a definitive Prospectus or Private Placement
Memorandum, as the case may be, prepared by the issuer which could contain
material information not contained herein and to which the prospective
purchasers are referred. In the event of any such offering, this information
shall be deemed superseded, amended and supplemented in its entirety by such
Prospectus or Private Placement Memorandum. Such Prospectus or Private Placement
will contain all material information in respect of any securities offered
thereby and any decision to invest in such securities should be made solely in
reliance upon such Prospectus or Private Placement Memorandum. The information
contained here in may be based on assumptions regarding market conditions and
other matters as reflected therein and is therefore subject to change. We make
no representations regarding the reasonableness of such assumptions or the
likelihood that any of such assumptions will coincide with actual market
conditions or events, and this material should not be relied on for such
purposes. No representation is made that any returns indicated will be achieved.
Changes to the assumptions may have a material impact on any returns detailed.
Morgan Stanley disclaims any and all liability relating to this information,
including without limitation any express or implied representations or
warranties for, statements contained in, and omissions from the information
contained here in. Additional information is available upon request. Morgan
Stanley and others associated with it may have positions in, and may effect
transaction in, securities and instruments of issuers mentioned herein and may
also perform or seek to perform investment banking services for the issuers of
such securities and instruments. Past performance is not necessarily indicative
of future results. Price and availability are subject to change without notice.
Information contained in this material is current as of the date appearing on
this material only. Information in this material regarding any assets backing
any securities discussed herein supercedes all prior information regarding such
assets. Morgan Stanley is acting as the lead underwriter and not acting as agent
for the issuer or its affiliates in connection with the proposed transaction. To
our readers worldwide: In addition, please note that this publication has been
issued by Morgan Stanley, approved by Morgan Stanley International Limited, a
member of The Securities and Futures Authority, and by Morgan Stanley Japan Ltd.
We recommend that such investors obtain the advice of their Morgan Stanley,
Morgan Stanley International or Morgan Stanley Japan Ltd. representative about
the investments concerned. NOT FOR DISTRIBUTION TO PRIVATE CUSTOMERS AS DEFINED
BY THE U.K. SECURITIES AND FUTURES AUTHORITY.
<PAGE>
SCHEDULE OF AVAILABLE FUNDS CAP RATES
<TABLE>
<CAPTION>
DATE LOAN GROUP II CAP LOAN GROUP III CAP
-------------------------------------------------------------------------------------------------------------------
ACTUAL/360 ACTUAL/360
<S> <C> <C>
12/25/00 - -
1/25/2001 7.56% 7.58%
2/25/2001 8.67 8.70
3/25/2001 8.67 8.70
4/25/2001 8.67 8.70
5/25/2001 8.67 8.71
6/25/2001 8.67 8.71
7/25/2001 8.67 8.71
8/25/2001 8.67 8.71
9/25/2001 8.67 8.71
10/25/2001 8.68 8.71
11/25/2001 8.68 8.71
12/25/2001 8.68 8.71
1/25/2002 8.68 8.71
2/25/2002 8.68 8.71
3/25/2002 8.68 8.71
4/25/2002 8.68 8.71
5/25/2002 8.68 8.72
6/25/2002 8.68 8.72
7/25/2002 8.68 8.72
8/25/2002 8.68 8.72
9/25/2002 8.68 8.72
10/25/2002 8.68 8.72
11/25/2002 8.68 8.72
12/25/2002 9.41 9.80
1/25/2003 9.41 9.80
2/25/2003 9.46 9.87
3/25/2003 9.70 10.23
4/25/2003 9.70 10.23
5/25/2003 9.70 10.23
6/25/2003 9.95 10.61
7/25/2003 9.95 10.61
8/25/2003 9.96 10.63
9/25/2003 10.04 10.75
</TABLE>
-------------------------------------------------------------------------------
25
This information is being delivered to a specific number of prospective
sophisticated investors in order to assist them in determining whether they
have an interest in the type of security described herein. It has been
prepared solely for information purposes and is not an offer to buy or sell
or a solicitation of an offer to buy or sell any security or instrument or to
participate in any trading strategy. This material is based on information
that Morgan Stanley & Co. Incorporated ("Morgan Stanley") considers reliable.
Morgan Stanley makes no representation or warranty with respect to the
accuracy or completeness of the information, or with respect to the terms of
any future offer of securities conforming to the terms hereof. Any such offer
of securities would be made pursuant to a definitive Prospectus or Private
Placement Memorandum, as the case may be, prepared by the issuer which could
contain material information not contained herein and to which the
prospective purchasers are referred. In the event of any such offering, this
information shall be deemed superseded, amended and supplemented in its
entirety by such Prospectus or Private Placement Memorandum. Such Prospectus
or Private Placement will contain all material information in respect of any
securities offered thereby and any decision to invest in such securities
should be made solely in reliance upon such Prospectus or Private Placement
Memorandum. The information contained here in may be based on assumptions
regarding market conditions and other matters as reflected therein and is
therefore subject to change. We make no representations regarding the
reasonableness of such assumptions or the likelihood that any of such
assumptions will coincide with actual market conditions or events, and this
material should not be relied on for such purposes. No representation is made
that any returns indicated will be achieved. Changes to the assumptions may
have a material impact on any returns detailed. Morgan Stanley disclaims any
and all liability relating to this information, including without limitation
any express or implied representations or warranties for, statements
contained in, and omissions from the information contained here in.
Additional information is available upon request. Morgan Stanley and others
associated with it may have positions in, and may effect transaction in,
securities and instruments of issuers mentioned herein and may also perform
or seek to perform investment banking services for the issuers of such
securities and instruments. Past performance is not necessarily indicative of
future results. Price and availability are subject to change without notice.
Information contained in this material is current as of the date appearing on
this material only. Information in this material regarding any assets backing
any securities discussed herein supercedes all prior information regarding
such assets. Morgan Stanley is acting as the lead underwriter and not acting
as agent for the issuer or its affiliates in connection with the proposed
transaction. To our readers worldwide: In addition, please note that this
publication has been issued by Morgan Stanley, approved by Morgan Stanley
International Limited, a member of The Securities and Futures Authority, and
by Morgan Stanley Japan Ltd. We recommend that such investors obtain the
advice of their Morgan Stanley, Morgan Stanley International or Morgan
Stanley Japan Ltd. representative about the investments concerned. NOT FOR
DISTRIBUTION TO PRIVATE CUSTOMERS AS DEFINED BY THE U.K. SECURITIES AND
FUTURES AUTHORITY.
<PAGE>
SCHEDULE OF AVAILABLE FUNDS CAP RATES
<TABLE>
<CAPTION>
DATE LOAN GROUP II CAP LOAN GROUP III CAP
-------------------------------------------------------------------------------------------------------------------
ACTUAL/360 ACTUAL/360
<S> <C> <C>
10/25/2003 10.04% 10.75%
11/25/2003 10.79 11.31
12/25/2003 11.04 11.69
1/25/2004 13.03 13.50
2/25/2004 13.21 13.67
3/25/2004 14.73 15.12
4/25/2004 13.78 14.15
5/25/2004 14.51 14.83
6/25/2004 14.30 14.74
7/25/2004 15.01 15.39
8/25/2004 14.59 14.96
9/25/2004 14.83 15.21
10/25/2004 15.33 15.71
11/25/2004 15.10 15.40
12/25/2004 15.61 15.97
1/25/2005 15.32 15.60
2/25/2005 15.37 15.65
3/25/2005 17.20 17.45
4/25/2005 15.53 15.76
5/25/2005 16.33 16.49
6/25/2005 15.80 15.96
7/25/2005 16.55 16.65
8/25/2005 16.07 16.16
9/25/2005 16.23 16.27
10/25/2005 16.77 16.81
11/25/2005 16.24 16.28
12/25/2005 16.78 16.82
1/25/2006 16.24 16.28
2/25/2006 16.24 16.28
3/25/2006 17.98 18.03
4/25/2006 16.24 16.28
5/25/2006 16.78 16.82
6/25/2006 16.24 16.28
7/25/2006 16.78 16.82
</TABLE>
-------------------------------------------------------------------------------
26
This information is being delivered to a specific number of prospective
sophisticated investors in order to assist them in determining whether they
have an interest in the type of security described herein. It has been
prepared solely for information purposes and is not an offer to buy or sell
or a solicitation of an offer to buy or sell any security or instrument or to
participate in any trading strategy. This material is based on information
that Morgan Stanley & Co. Incorporated ("Morgan Stanley") considers reliable.
Morgan Stanley makes no representation or warranty with respect to the
accuracy or completeness of the information, or with respect to the terms of
any future offer of securities conforming to the terms hereof. Any such offer
of securities would be made pursuant to a definitive Prospectus or Private
Placement Memorandum, as the case may be, prepared by the issuer which could
contain material information not contained herein and to which the
prospective purchasers are referred. In the event of any such offering, this
information shall be deemed superseded, amended and supplemented in its
entirety by such Prospectus or Private Placement Memorandum. Such Prospectus
or Private Placement will contain all material information in respect of any
securities offered thereby and any decision to invest in such securities
should be made solely in reliance upon such Prospectus or Private Placement
Memorandum. The information contained here in may be based on assumptions
regarding market conditions and other matters as reflected therein and is
therefore subject to change. We make no representations regarding the
reasonableness of such assumptions or the likelihood that any of such
assumptions will coincide with actual market conditions or events, and this
material should not be relied on for such purposes. No representation is made
that any returns indicated will be achieved. Changes to the assumptions may
have a material impact on any returns detailed. Morgan Stanley disclaims any
and all liability relating to this information, including without limitation
any express or implied representations or warranties for, statements
contained in, and omissions from the information contained here in.
Additional information is available upon request. Morgan Stanley and others
associated with it may have positions in, and may effect transaction in,
securities and instruments of issuers mentioned herein and may also perform
or seek to perform investment banking services for the issuers of such
securities and instruments. Past performance is not necessarily indicative of
future results. Price and availability are subject to change without notice.
Information contained in this material is current as of the date appearing on
this material only. Information in this material regarding any assets backing
any securities discussed herein supercedes all prior information regarding
such assets. Morgan Stanley is acting as the lead underwriter and not acting
as agent for the issuer or its affiliates in connection with the proposed
transaction. To our readers worldwide: In addition, please note that this
publication has been issued by Morgan Stanley, approved by Morgan Stanley
International Limited, a member of The Securities and Futures Authority, and
by Morgan Stanley Japan Ltd. We recommend that such investors obtain the
advice of their Morgan Stanley, Morgan Stanley International or Morgan
Stanley Japan Ltd. representative about the investments concerned. NOT FOR
DISTRIBUTION TO PRIVATE CUSTOMERS AS DEFINED BY THE U.K. SECURITIES AND
FUTURES AUTHORITY.
<PAGE>
<TABLE>
<CAPTION>
SCHEDULE OF AVAILABLE FUNDS CAP RATES
DATE LOAN GROUP II CAP LOAN GROUP III CAP
-------------------------------------------------------------------------------------------------------------------
ACTUAL/360 ACTUAL/360
<S> <C> <C>
8/25/2006 16.24% 16.28%
9/25/2006 16.24 16.28
10/25/2006 16.78 16.82
11/25/2006 16.24 16.28
12/25/2006 16.78 16.82
1/25/2007 16.24 16.28
2/25/2007 16.24 16.28
3/25/2007 17.98 18.03
4/25/2007 16.24 16.28
5/25/2007 16.78 16.82
6/25/2007 16.24 16.28
7/25/2007 16.78 16.82
8/25/2007 16.24 16.28
9/25/2007 16.24 16.28
10/25/2007 16.78 16.82
11/25/2007 16.24 16.28
12/25/2007 16.78 16.82
1/25/2008 16.24 16.28
2/25/2008 16.24 16.28
3/25/2008 17.36 17.40
4/25/2008 16.24 16.28
5/25/2008 16.78 16.82
6/25/2008 16.28 16.32
7/25/2008 16.88 16.93
8/25/2008 16.40 16.44
9/25/2008 16.46 16.51
10/25/2008 17.08 17.13
11/25/2008 16.60 16.65
12/25/2008 17.22 17.28
1/25/2009 16.75 16.80
2/25/2009 16.83 16.88
3/25/2009 18.72 18.78
4/25/2009 17.00 17.05
5/25/2009 17.66 17.71
</TABLE>
-------------------------------------------------------------------------------
27
This information is being delivered to a specific number of prospective
sophisticated investors in order to assist them in determining whether they
have an interest in the type of security described herein. It has been
prepared solely for information purposes and is not an offer to buy or sell
or a solicitation of an offer to buy or sell any security or instrument or to
participate in any trading strategy. This material is based on information
that Morgan Stanley & Co. Incorporated ("Morgan Stanley") considers reliable.
Morgan Stanley makes no representation or warranty with respect to the
accuracy or completeness of the information, or with respect to the terms of
any future offer of securities conforming to the terms hereof. Any such offer
of securities would be made pursuant to a definitive Prospectus or Private
Placement Memorandum, as the case may be, prepared by the issuer which could
contain material information not contained herein and to which the
prospective purchasers are referred. In the event of any such offering, this
information shall be deemed superseded, amended and supplemented in its
entirety by such Prospectus or Private Placement Memorandum. Such Prospectus
or Private Placement will contain all material information in respect of any
securities offered thereby and any decision to invest in such securities
should be made solely in reliance upon such Prospectus or Private Placement
Memorandum. The information contained here in may be based on assumptions
regarding market conditions and other matters as reflected therein and is
therefore subject to change. We make no representations regarding the
reasonableness of such assumptions or the likelihood that any of such
assumptions will coincide with actual market conditions or events, and this
material should not be relied on for such purposes. No representation is made
that any returns indicated will be achieved. Changes to the assumptions may
have a material impact on any returns detailed. Morgan Stanley disclaims any
and all liability relating to this information, including without limitation
any express or implied representations or warranties for, statements
contained in, and omissions from the information contained here in.
Additional information is available upon request. Morgan Stanley and others
associated with it may have positions in, and may effect transaction in,
securities and instruments of issuers mentioned herein and may also perform
or seek to perform investment banking services for the issuers of such
securities and instruments. Past performance is not necessarily indicative of
future results. Price and availability are subject to change without notice.
Information contained in this material is current as of the date appearing on
this material only. Information in this material regarding any assets backing
any securities discussed herein supercedes all prior information regarding
such assets. Morgan Stanley is acting as the lead underwriter and not acting
as agent for the issuer or its affiliates in connection with the proposed
transaction. To our readers worldwide: In addition, please note that this
publication has been issued by Morgan Stanley, approved by Morgan Stanley
International Limited, a member of The Securities and Futures Authority, and
by Morgan Stanley Japan Ltd. We recommend that such investors obtain the
advice of their Morgan Stanley, Morgan Stanley International or Morgan
Stanley Japan Ltd. representative about the investments concerned. NOT FOR
DISTRIBUTION TO PRIVATE CUSTOMERS AS DEFINED BY THE U.K. SECURITIES AND
FUTURES AUTHORITY.
<PAGE>
<TABLE>
<CAPTION>
SCHEDULE OF AVAILABLE FUNDS CAP RATES
DATE LOAN GROUP II CAP LOAN GROUP III CAP
-------------------------------------------------------------------------------------------------------------------
ACTUAL/360 ACTUAL/360
<S> <C> <C>
6/25/2009 17.18% 17.24%
7/25/2009 17.86 17.92
8/25/2009 17.39 17.45
9/25/2009 17.50 17.56
10/25/2009 18.21 18.27
11/25/2009 17.74 17.80
12/25/2009 18.47 18.53
1/25/2010 18.01 18.07
2/25/2010 18.15 18.21
3/25/2010 20.26 20.33
4/25/2010 18.46 18.52
5/25/2010 19.25 19.32
6/25/2010 18.81 18.87
7/25/2010 19.63 19.70
8/25/2010 19.19 19.26
9/25/2010 19.40 19.47
10/25/2010 20.28 20.36
11/25/2010 19.86 19.94
12/25/2010 20.79 20.86
1/25/2011 20.38 20.46
2/25/2011 20.67 20.75
3/25/2011 23.22 23.31
4/25/2011 21.30 21.39
5/25/2011 22.37 22.46
6/25/2011 22.02 22.12
7/25/2011 23.17 23.27
8/25/2011 22.85 22.96
9/25/2011 23.32 23.43
10/25/2011 24.62 24.74
11/25/2011 24.37 24.49
12/25/2011 25.79 25.93
1/25/2012 25.61 25.74
2/25/2012 26.31 26.46
3/25/2012 28.96 29.12
</TABLE>
-------------------------------------------------------------------------------
28
This information is being delivered to a specific number of prospective
sophisticated investors in order to assist them in determining whether they
have an interest in the type of security described herein. It has been
prepared solely for information purposes and is not an offer to buy or sell
or a solicitation of an offer to buy or sell any security or instrument or to
participate in any trading strategy. This material is based on information
that Morgan Stanley & Co. Incorporated ("Morgan Stanley") considers reliable.
Morgan Stanley makes no representation or warranty with respect to the
accuracy or completeness of the information, or with respect to the terms of
any future offer of securities conforming to the terms hereof. Any such offer
of securities would be made pursuant to a definitive Prospectus or Private
Placement Memorandum, as the case may be, prepared by the issuer which could
contain material information not contained herein and to which the
prospective purchasers are referred. In the event of any such offering, this
information shall be deemed superseded, amended and supplemented in its
entirety by such Prospectus or Private Placement Memorandum. Such Prospectus
or Private Placement will contain all material information in respect of any
securities offered thereby and any decision to invest in such securities
should be made solely in reliance upon such Prospectus or Private Placement
Memorandum. The information contained here in may be based on assumptions
regarding market conditions and other matters as reflected therein and is
therefore subject to change. We make no representations regarding the
reasonableness of such assumptions or the likelihood that any of such
assumptions will coincide with actual market conditions or events, and this
material should not be relied on for such purposes. No representation is made
that any returns indicated will be achieved. Changes to the assumptions may
have a material impact on any returns detailed. Morgan Stanley disclaims any
and all liability relating to this information, including without limitation
any express or implied representations or warranties for, statements
contained in, and omissions from the information contained here in.
Additional information is available upon request. Morgan Stanley and others
associated with it may have positions in, and may effect transaction in,
securities and instruments of issuers mentioned herein and may also perform
or seek to perform investment banking services for the issuers of such
securities and instruments. Past performance is not necessarily indicative of
future results. Price and availability are subject to change without notice.
Information contained in this material is current as of the date appearing on
this material only. Information in this material regarding any assets backing
any securities discussed herein supercedes all prior information regarding
such assets. Morgan Stanley is acting as the lead underwriter and not acting
as agent for the issuer or its affiliates in connection with the proposed
transaction. To our readers worldwide: In addition, please note that this
publication has been issued by Morgan Stanley, approved by Morgan Stanley
International Limited, a member of The Securities and Futures Authority, and
by Morgan Stanley Japan Ltd. We recommend that such investors obtain the
advice of their Morgan Stanley, Morgan Stanley International or Morgan
Stanley Japan Ltd. representative about the investments concerned. NOT FOR
DISTRIBUTION TO PRIVATE CUSTOMERS AS DEFINED BY THE U.K. SECURITIES AND
FUTURES AUTHORITY.
<PAGE>
<TABLE>
<CAPTION>
SCHEDULE OF AVAILABLE FUNDS CAP RATES
DATE LOAN GROUP II CAP LOAN GROUP III CAP
-------------------------------------------------------------------------------------------------------------------
ACTUAL/360 ACTUAL/360
<S> <C> <C>
4/25/2012 27.94% 28.11%
5/25/2012 29.85 30.03
6/25/2012 29.93 30.13
7/25/2012 32.14 32.36
8/25/2012 32.41 32.65
9/25/2012 33.90 34.16
10/25/2012 36.77 37.07
11/25/2012 37.53 37.86
12/25/2012 41.10 41.49
1/25/2013 42.40 42.84
2/25/2013 45.53 46.04
3/25/2013 54.58 55.26
4/25/2013 53.92 54.67
5/25/2013 61.72 62.70
6/25/2013 67.24 68.47
7/25/2013 79.91 81.62
8/25/2013 91.56 93.95
9/25/2013 113.16 116.92
10/25/2013 154.78 161.85
11/25/2013 225.42 241.73
12/25/2013 488.83 571.99
</TABLE>
-------------------------------------------------------------------------------
29
This information is being delivered to a specific number of prospective
sophisticated investors in order to assist them in determining whether they
have an interest in the type of security described herein. It has been
prepared solely for information purposes and is not an offer to buy or sell
or a solicitation of an offer to buy or sell any security or instrument or to
participate in any trading strategy. This material is based on information
that Morgan Stanley & Co. Incorporated ("Morgan Stanley") considers reliable.
Morgan Stanley makes no representation or warranty with respect to the
accuracy or completeness of the information, or with respect to the terms of
any future offer of securities conforming to the terms hereof. Any such offer
of securities would be made pursuant to a definitive Prospectus or Private
Placement Memorandum, as the case may be, prepared by the issuer which could
contain material information not contained herein and to which the
prospective purchasers are referred. In the event of any such offering, this
information shall be deemed superseded, amended and supplemented in its
entirety by such Prospectus or Private Placement Memorandum. Such Prospectus
or Private Placement will contain all material information in respect of any
securities offered thereby and any decision to invest in such securities
should be made solely in reliance upon such Prospectus or Private Placement
Memorandum. The information contained here in may be based on assumptions
regarding market conditions and other matters as reflected therein and is
therefore subject to change. We make no representations regarding the
reasonableness of such assumptions or the likelihood that any of such
assumptions will coincide with actual market conditions or events, and this
material should not be relied on for such purposes. No representation is made
that any returns indicated will be achieved. Changes to the assumptions may
have a material impact on any returns detailed. Morgan Stanley disclaims any
and all liability relating to this information, including without limitation
any express or implied representations or warranties for, statements
contained in, and omissions from the information contained here in.
Additional information is available upon request. Morgan Stanley and others
associated with it may have positions in, and may effect transaction in,
securities and instruments of issuers mentioned herein and may also perform
or seek to perform investment banking services for the issuers of such
securities and instruments. Past performance is not necessarily indicative of
future results. Price and availability are subject to change without notice.
Information contained in this material is current as of the date appearing on
this material only. Information in this material regarding any assets backing
any securities discussed herein supercedes all prior information regarding
such assets. Morgan Stanley is acting as the lead underwriter and not acting
as agent for the issuer or its affiliates in connection with the proposed
transaction. To our readers worldwide: In addition, please note that this
publication has been issued by Morgan Stanley, approved by Morgan Stanley
International Limited, a member of The Securities and Futures Authority, and
by Morgan Stanley Japan Ltd. We recommend that such investors obtain the
advice of their Morgan Stanley, Morgan Stanley International or Morgan
Stanley Japan Ltd. representative about the investments concerned. NOT FOR
DISTRIBUTION TO PRIVATE CUSTOMERS AS DEFINED BY THE U.K. SECURITIES AND
FUTURES AUTHORITY.
<PAGE>
FIXED RATE GROUP I - COLLATERAL SUMMARY
<TABLE>
<CAPTION>
-------------------------------------------------------------------------------------------------------------------------
FIXED RATE GROUP I
-------------------------------------------------------------------------------------------------------------------------
<S> <C> <C>
NUMBER OF MORTGAGE LOANS 1,515
TOTAL OUTSTANDING PRINCIPAL BALANCE $113,237,743.46
AVERAGE PRINCIPAL BALANCE $74,744.39 $8,228.58 - $479,885.25
WEIGHTED AVERAGE MORTGAGE COUPON RATE 10.908% 7.63% - 16.83%
WEIGHTED AVERAGE ORIGINAL TERM (MOS.) 332
WEIGHTED AVERAGE REMAINING TERM (MOS.) 332 22 - 360
WEIGHTED AVERAGE FICO 590.1
WEIGHTED AVERAGE CLTV 73.05 6.00% - 100.00%
WEIGHTED AVERAGE JUNIOR LIEN RATIO 28.08% (for second liens only)
PREPAYMENT PENALTY
YES 66.80%
NO 33.20%
-------------------------------------------------------------------------------------------------------------------------
</TABLE>
FIXED RATE GROUP I
GEOGRAPHIC DISTRIBUTION
<TABLE>
<CAPTION>
AGGREGATE % OF AGGREGATE
NUMBER OF PRINCIPAL PRINCIPAL
STATE MORTGAGE LOANS BALANCE BALANCE
---------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
California 205 $24,267,589.53 21.43%
Texas 234 14,580,851.56 12.88
New York 102 8,873,145.30 7.84
Michigan 125 7,321,160.51 6.47
Florida 108 7,034,108.58 6.21
Ohio 96 6,578,700.91 5.81
Illinois 60 4,651,670.28 4.11
Missouri 59 3,122,840.22 2.76
Iowa 50 2,836,596.33 2.50
Pennsylvania 48 2,519,045.80 2.22
Other 428 31,452,034.44 27.78
---------------------------------------------------------------------------------------------------------------------
TOTAL: 1,515 $ 113,237,743 100.00%
</TABLE>
The mortgaged properties in the Fixed Rate Group are located in a total of
43 states and the District of Columbia
--------------------------------------------------------------------------------
30
This information is being delivered to a specific number of prospective
sophisticated investors in order to assist them in determining whether they have
an interest in the type of security described herein. It has been prepared
solely for information purposes and is not an offer to buy or sell or a
solicitation of an offer to buy or sell any security or instrument or to
participate in any trading strategy. This material is based on information that
Morgan Stanley & Co. Incorporated ("Morgan Stanley") considers reliable. Morgan
Stanley makes no representation or warranty with respect to the accuracy or
completeness of the information, or with respect to the terms of any future
offer of securities conforming to the terms hereof. Any such offer of securities
would be made pursuant to a definitive Prospectus or Private Placement
Memorandum, as the case may be, prepared by the issuer which could contain
material information not contained herein and to which the prospective
purchasers are referred. In the event of any such offering, this information
shall be deemed superseded, amended and supplemented in its entirety by such
Prospectus or Private Placement Memorandum. Such Prospectus or Private Placement
will contain all material information in respect of any securities offered
thereby and any decision to invest in such securities should be made solely in
reliance upon such Prospectus or Private Placement Memorandum. The information
contained here in may be based on assumptions regarding market conditions and
other matters as reflected therein and is therefore subject to change. We make
no representations regarding the reasonableness of such assumptions or the
likelihood that any of such assumptions will coincide with actual market
conditions or events, and this material should not be relied on for such
purposes. No representation is made that any returns indicated will be achieved.
Changes to the assumptions may have a material impact on any returns detailed.
Morgan Stanley disclaims any and all liability relating to this information,
including without limitation any express or implied representations or
warranties for, statements contained in, and omissions from the information
contained here in. Additional information is available upon request. Morgan
Stanley and others associated with it may have positions in, and may effect
transaction in, securities and instruments of issuers mentioned herein and may
also perform or seek to perform investment banking services for the issuers of
such securities and instruments. Past performance is not necessarily indicative
of future results. Price and availability are subject to change without notice.
Information contained in this material is current as of the date appearing on
this material only. Information in this material regarding any assets backing
any securities discussed herein supercedes all prior information regarding such
assets. Morgan Stanley is acting as the lead underwriter and not acting as agent
for the issuer or its affiliates in connection with the proposed transaction. To
our readers worldwide: In addition, please note that this publication has been
issued by Morgan Stanley, approved by Morgan Stanley International Limited, a
member of The Securities and Futures Authority, and by Morgan Stanley Japan Ltd.
We recommend that such investors obtain the advice of their Morgan Stanley,
Morgan Stanley International or Morgan Stanley Japan Ltd. representative about
the investments concerned. NOT FOR DISTRIBUTION TO PRIVATE CUSTOMERS AS DEFINED
BY THE U.K. SECURITIES AND FUTURES AUTHORITY.
<PAGE>
FIXED RATE GROUP I
DISTRIBUTION OF CLTV RATIOS
<TABLE>
<CAPTION>
AGGREGATE % OF AGGREGATE
RANGE OF NUMBER OF PRINCIPAL PRINCIPAL
CLTV RATIOS MORTGAGE LOANS BALANCE BALANCE
---------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
0.01 - 60.00% 307 $ 15,773,077.20 13.93%
60.01 - 70.00 320 22,753,476.58 20.09
70.01 - 75.00 246 18,292,565.01 16.15
75.01 - 80.00 434 38,675,528.80 34.15
80.01 - 85.00 101 8,979,889.20 7.93
85.01 - 90.00 79 6,617,103.44 5.84
90.01 - 95.00 19 1,308,060.90 1.16
95.01 - 100.00 9 838,042.33 0.74
---------------------------------------------------------------------------------------------------------------------
TOTAL: 1,515 $113,237,743.46 100.00%
</TABLE>
Minimum CLTV: 6.00%
Maximum CLTV: 100.00%
Weighted Average CLTV: 73.05%
FIXED RATE GROUP I
DISTRIBUTION BY AMORTIZATION TYPE
<TABLE>
<CAPTION>
AGGREGATE % OF AGGREGATE
NUMBER OF PRINCIPAL PRINCIPAL
AMORTIZATION TYPE MORTGAGE LOANS BALANCE BALANCE
-----------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
Balloon 2 $103,540.12 0.09%
Fully Amortizing 1,513 113,134,203.34 99.91
-----------------------------------------------------------------------------------------------------------------------------
TOTAL: 1,515 $113,237,743.46 100.00%
</TABLE>
--------------------------------------------------------------------------------
31
This information is being delivered to a specific number of prospective
sophisticated investors in order to assist them in determining whether they have
an interest in the type of security described herein. It has been prepared
solely for information purposes and is not an offer to buy or sell or a
solicitation of an offer to buy or sell any security or instrument or to
participate in any trading strategy. This material is based on information that
Morgan Stanley & Co. Incorporated ("Morgan Stanley") considers reliable. Morgan
Stanley makes no representation or warranty with respect to the accuracy or
completeness of the information, or with respect to the terms of any future
offer of securities conforming to the terms hereof. Any such offer of securities
would be made pursuant to a definitive Prospectus or Private Placement
Memorandum, as the case may be, prepared by the issuer which could contain
material information not contained herein and to which the prospective
purchasers are referred. In the event of any such offering, this information
shall be deemed superseded, amended and supplemented in its entirety by such
Prospectus or Private Placement Memorandum. Such Prospectus or Private Placement
will contain all material information in respect of any securities offered
thereby and any decision to invest in such securities should be made solely in
reliance upon such Prospectus or Private Placement Memorandum. The information
contained here in may be based on assumptions regarding market conditions and
other matters as reflected therein and is therefore subject to change. We make
no representations regarding the reasonableness of such assumptions or the
likelihood that any of such assumptions will coincide with actual market
conditions or events, and this material should not be relied on for such
purposes. No representation is made that any returns indicated will be achieved.
Changes to the assumptions may have a material impact on any returns detailed.
Morgan Stanley disclaims any and all liability relating to this information,
including without limitation any express or implied representations or
warranties for, statements contained in, and omissions from the information
contained here in. Additional information is available upon request. Morgan
Stanley and others associated with it may have positions in, and may effect
transaction in, securities and instruments of issuers mentioned herein and may
also perform or seek to perform investment banking services for the issuers of
such securities and instruments. Past performance is not necessarily indicative
of future results. Price and availability are subject to change without notice.
Information contained in this material is current as of the date appearing on
this material only. Information in this material regarding any assets backing
any securities discussed herein supercedes all prior information regarding such
assets. Morgan Stanley is acting as the lead underwriter and not acting as agent
for the issuer or its affiliates in connection with the proposed transaction. To
our readers worldwide: In addition, please note that this publication has been
issued by Morgan Stanley, approved by Morgan Stanley International Limited, a
member of The Securities and Futures Authority, and by Morgan Stanley Japan Ltd.
We recommend that such investors obtain the advice of their Morgan Stanley,
Morgan Stanley International or Morgan Stanley Japan Ltd. representative about
the investments concerned. NOT FOR DISTRIBUTION TO PRIVATE CUSTOMERS AS DEFINED
BY THE U.K. SECURITIES AND FUTURES AUTHORITY.
<PAGE>
FIXED RATE GROUP I
DISTRIBUTION OF REMAINING TERM TO MATURITY
<TABLE>
<CAPTION>
RANGE OF AGGREGATE % OF AGGREGATE
REMAINING TERM NUMBER OF PRINCIPAL PRINCIPAL
TO MATURITY MORTGAGE LOANS BALANCE BALANCE
-----------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
1 - 60 1 $65,040.12 0.06%
61 - 120 18 615,023.56 0.54
121 - 180 292 13,982,562.48 12.35
181 - 240 59 3,668,193.41 3.24
241 - 300 1 121,907.89 0.11
301 - 360 1,144 94,785,016.00 83.70
-----------------------------------------------------------------------------------------------------------------------------
TOTAL: 1,515 $113,237,743.46 100.00%
</TABLE>
Minimum Remaining Term: 22 months
Maximum Remaining Term: 360 months
Weighted Average Remaining Term: 332 months
FIXED RATE GROUP I
DISTRIBUTION OF PRINCIPAL BALANCE
<TABLE>
<CAPTION>
AGGREGATE % OF AGGREGATE
RANGE OF NUMBER OF PRINCIPAL PRINCIPAL
PRINCIPAL BALANCES MORTGAGE LOANS BALANCE BALANCE
-----------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
$1 - $25,000 95 $ 1,915,889.41 1.69%
25,001 - 50,000 522 19,932,568.22 17.60
50,001 - 75,000 367 22,517,931.56 19.89
75,001 - 100,000 209 18,133,110.96 16.01
100,001 - 150,000 200 23,808,070.95 21.02
150,001 - 200,000 64 11,126,904.58 9.83
200,001 - 250,000 31 6,925,463.04 6.12
250,001 - 300,000 11 2,917,543.42 2.58
300,001 - 350,000 9 3,000,568.66 2.65
350,001 - 500,000 7 2,959,692.66 2.61
-----------------------------------------------------------------------------------------------------------------------------
TOTAL: 1,515 $113,237,743.46 100.00%
</TABLE>
Minimum Principal Balance: $8,228.58
Maximum Principal Balance: $479,885.25
Average Principal Balance: $74,744.39
--------------------------------------------------------------------------------
32
This information is being delivered to a specific number of prospective
sophisticated investors in order to assist them in determining whether they have
an interest in the type of security described herein. It has been prepared
solely for information purposes and is not an offer to buy or sell or a
solicitation of an offer to buy or sell any security or instrument or to
participate in any trading strategy. This material is based on information that
Morgan Stanley & Co. Incorporated ("Morgan Stanley") considers reliable. Morgan
Stanley makes no representation or warranty with respect to the accuracy or
completeness of the information, or with respect to the terms of any future
offer of securities conforming to the terms hereof. Any such offer of securities
would be made pursuant to a definitive Prospectus or Private Placement
Memorandum, as the case may be, prepared by the issuer which could contain
material information not contained herein and to which the prospective
purchasers are referred. In the event of any such offering, this information
shall be deemed superseded, amended and supplemented in its entirety by such
Prospectus or Private Placement Memorandum. Such Prospectus or Private Placement
will contain all material information in respect of any securities offered
thereby and any decision to invest in such securities should be made solely in
reliance upon such Prospectus or Private Placement Memorandum. The information
contained here in may be based on assumptions regarding market conditions and
other matters as reflected therein and is therefore subject to change. We make
no representations regarding the reasonableness of such assumptions or the
likelihood that any of such assumptions will coincide with actual market
conditions or events, and this material should not be relied on for such
purposes. No representation is made that any returns indicated will be achieved.
Changes to the assumptions may have a material impact on any returns detailed.
Morgan Stanley disclaims any and all liability relating to this information,
including without limitation any express or implied representations or
warranties for, statements contained in, and omissions from the information
contained here in. Additional information is available upon request. Morgan
Stanley and others associated with it may have positions in, and may effect
transaction in, securities and instruments of issuers mentioned herein and may
also perform or seek to perform investment banking services for the issuers of
such securities and instruments. Past performance is not necessarily indicative
of future results. Price and availability are subject to change without notice.
Information contained in this material is current as of the date appearing on
this material only. Information in this material regarding any assets backing
any securities discussed herein supercedes all prior information regarding such
assets. Morgan Stanley is acting as the lead underwriter and not acting as agent
for the issuer or its affiliates in connection with the proposed transaction. To
our readers worldwide: In addition, please note that this publication has been
issued by Morgan Stanley, approved by Morgan Stanley International Limited, a
member of The Securities and Futures Authority, and by Morgan Stanley Japan Ltd.
We recommend that such investors obtain the advice of their Morgan Stanley,
Morgan Stanley International or Morgan Stanley Japan Ltd. representative about
the investments concerned. NOT FOR DISTRIBUTION TO PRIVATE CUSTOMERS AS DEFINED
BY THE U.K. SECURITIES AND FUTURES AUTHORITY.
<PAGE>
<TABLE>
<CAPTION>
FIXED RATE GROUP I
DISTRIBUTION OF CURRENT MORTGAGE COUPON RATES
AGGREGATE % OF AGGREGATE
RANGE OF NUMBER OF PRINCIPAL PRINCIPAL
MORTGAGE COUPON RATES MORTGAGE LOANS BALANCE BALANCE
-----------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
7.001 - 8.000 2 $227,895.32 0.20%
8.001 - 9.000 83 9,454,054.12 8.35
9.001 - 10.000 300 29,741,047.61 26.26
10.001 - 11.000 407 29,585,839.98 26.13
11.001 - 12.000 303 20,724,540.00 18.30
12.001 - 13.000 226 14,164,826.41 12.51
13.001 - 14.000 121 5,810,067.72 5.13
14.001 - 15.000 58 2,982,457.87 2.63
15.001 - 16.000 10 382,314.43 0.34
16.001 - 17.000 5 164,700.00 0.15
-----------------------------------------------------------------------------------------------------------------------------
TOTAL: 1,515 $113,237,743.46 100.00%
</TABLE>
Minimum Mortgage Coupon Rate: 7.625%
Maximum Mortgage Coupon Rate: 16.830%
Weighted Average Mortgage Coupon Rate: 10.908%
--------------------------------------------------------------------------------
33
This information is being delivered to a specific number of prospective
sophisticated investors in order to assist them in determining whether they have
an interest in the type of security described herein. It has been prepared
solely for information purposes and is not an offer to buy or sell or a
solicitation of an offer to buy or sell any security or instrument or to
participate in any trading strategy. This material is based on information that
Morgan Stanley & Co. Incorporated ("Morgan Stanley") considers reliable. Morgan
Stanley makes no representation or warranty with respect to the accuracy or
completeness of the information, or with respect to the terms of any future
offer of securities conforming to the terms hereof. Any such offer of securities
would be made pursuant to a definitive Prospectus or Private Placement
Memorandum, as the case may be, prepared by the issuer which could contain
material information not contained herein and to which the prospective
purchasers are referred. In the event of any such offering, this information
shall be deemed superseded, amended and supplemented in its entirety by such
Prospectus or Private Placement Memorandum. Such Prospectus or Private Placement
will contain all material information in respect of any securities offered
thereby and any decision to invest in such securities should be made solely in
reliance upon such Prospectus or Private Placement Memorandum. The information
contained here in may be based on assumptions regarding market conditions and
other matters as reflected therein and is therefore subject to change. We make
no representations regarding the reasonableness of such assumptions or the
likelihood that any of such assumptions will coincide with actual market
conditions or events, and this material should not be relied on for such
purposes. No representation is made that any returns indicated will be achieved.
Changes to the assumptions may have a material impact on any returns detailed.
Morgan Stanley disclaims any and all liability relating to this information,
including without limitation any express or implied representations or
warranties for, statements contained in, and omissions from the information
contained here in. Additional information is available upon request. Morgan
Stanley and others associated with it may have positions in, and may effect
transaction in, securities and instruments of issuers mentioned herein and may
also perform or seek to perform investment banking services for the issuers of
such securities and instruments. Past performance is not necessarily indicative
of future results. Price and availability are subject to change without notice.
Information contained in this material is current as of the date appearing on
this material only. Information in this material regarding any assets backing
any securities discussed herein supercedes all prior information regarding such
assets. Morgan Stanley is acting as the lead underwriter and not acting as agent
for the issuer or its affiliates in connection with the proposed transaction. To
our readers worldwide: In addition, please note that this publication has been
issued by Morgan Stanley, approved by Morgan Stanley International Limited, a
member of The Securities and Futures Authority, and by Morgan Stanley Japan Ltd.
We recommend that such investors obtain the advice of their Morgan Stanley,
Morgan Stanley International or Morgan Stanley Japan Ltd. representative about
the investments concerned. NOT FOR DISTRIBUTION TO PRIVATE CUSTOMERS AS DEFINED
BY THE U.K. SECURITIES AND FUTURES AUTHORITY.
<PAGE>
FIXED RATE GROUP I
DISTRIBUTION OF JUNIOR LIEN RATIOS (JUNIOR LIENS ONLY)
<TABLE>
<CAPTION>
AGGREGATE % OF AGGREGATE
RANGE OF NUMBER OF PRINCIPAL PRINCIPAL
JUNIOR LIEN RATIOS MORTGAGE LOANS BALANCE BALANCE
-------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
10.01 - 20.00 17 $397,620.60 53.96%
20.01 - 30.00 3 92,815.21 12.60
30.01 - 40.00 3 165,585.26 22.47
70.01 - 80.00 1 65,040.12 8.83
80.01 - 90.00 1 15,840.46 2.15
-------------------------------------------------------------------------------------------------------------------------
TOTAL: 25 $736,901.65 100.00%
</TABLE>
Minimum Junior Lien Ratio: 10.57%
Maximum Junior Lien Ratio: 83.33%
Weighted Average Junior Lien Ratio: 28.08%
FIXED RATE GROUP I
DISTRIBUTION OF PROPERTY TYPES
<TABLE>
<CAPTION>
AGGREGATE % OF AGGREGATE
NUMBER OF PRINCIPAL PRINCIPAL
PROPERTY TYPE MORTGAGE LOANS BALANCE BALANCE
-----------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
Single Family Residence 1,372 $102,677,574.91 90.67%
Two to Four Family Home 81 6,348,469.03 5.60
Condo / Townhouse 52 3,479,735.37 3.07
Manufactured Housing 10 731,964.15 0.65
-----------------------------------------------------------------------------------------------------------------------------
TOTAL: 1,515 $ 113,237,743.46 100.00%
</TABLE>
--------------------------------------------------------------------------------
34
This information is being delivered to a specific number of prospective
sophisticated investors in order to assist them in determining whether they have
an interest in the type of security described herein. It has been prepared
solely for information purposes and is not an offer to buy or sell or a
solicitation of an offer to buy or sell any security or instrument or to
participate in any trading strategy. This material is based on information that
Morgan Stanley & Co. Incorporated ("Morgan Stanley") considers reliable. Morgan
Stanley makes no representation or warranty with respect to the accuracy or
completeness of the information, or with respect to the terms of any future
offer of securities conforming to the terms hereof. Any such offer of securities
would be made pursuant to a definitive Prospectus or Private Placement
Memorandum, as the case may be, prepared by the issuer which could contain
material information not contained herein and to which the prospective
purchasers are referred. In the event of any such offering, this information
shall be deemed superseded, amended and supplemented in its entirety by such
Prospectus or Private Placement Memorandum. Such Prospectus or Private Placement
will contain all material information in respect of any securities offered
thereby and any decision to invest in such securities should be made solely in
reliance upon such Prospectus or Private Placement Memorandum. The information
contained here in may be based on assumptions regarding market conditions and
other matters as reflected therein and is therefore subject to change. We make
no representations regarding the reasonableness of such assumptions or the
likelihood that any of such assumptions will coincide with actual market
conditions or events, and this material should not be relied on for such
purposes. No representation is made that any returns indicated will be achieved.
Changes to the assumptions may have a material impact on any returns detailed.
Morgan Stanley disclaims any and all liability relating to this information,
including without limitation any express or implied representations or
warranties for, statements contained in, and omissions from the information
contained here in. Additional information is available upon request. Morgan
Stanley and others associated with it may have positions in, and may effect
transaction in, securities and instruments of issuers mentioned herein and may
also perform or seek to perform investment banking services for the issuers of
such securities and instruments. Past performance is not necessarily indicative
of future results. Price and availability are subject to change without notice.
Information contained in this material is current as of the date appearing on
this material only. Information in this material regarding any assets backing
any securities discussed herein supercedes all prior information regarding such
assets. Morgan Stanley is acting as the lead underwriter and not acting as agent
for the issuer or its affiliates in connection with the proposed transaction. To
our readers worldwide: In addition, please note that this publication has been
issued by Morgan Stanley, approved by Morgan Stanley International Limited, a
member of The Securities and Futures Authority, and by Morgan Stanley Japan Ltd.
We recommend that such investors obtain the advice of their Morgan Stanley,
Morgan Stanley International or Morgan Stanley Japan Ltd. representative about
the investments concerned. NOT FOR DISTRIBUTION TO PRIVATE CUSTOMERS AS DEFINED
BY THE U.K. SECURITIES AND FUTURES AUTHORITY.
<PAGE>
FIXED RATE GROUP I
DISTRIBUTION OF OCCUPANCY STATUS
<TABLE>
<CAPTION>
AGGREGATE % OF AGGREGATE
NUMBER OF PRINCIPAL PRINCIPAL
OCCUPANCY STATUS MORTGAGE LOANS BALANCE BALANCE
-----------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
Owner Occupied 1,379 $105,368,106.40 93.05%
Non-Owner Occupied 136 7,869,637.06 6.95
-----------------------------------------------------------------------------------------------------------------------------
TOTAL: 1,515 $113,237,743.46 100.00%
</TABLE>
Owner Occupied properties include vacation homes and second homes
FIXED RATE GROUP I
------------------
DISTRIBUTION OF SEASONING
-------------------------
<TABLE>
<CAPTION>
AGGREGATE % OF AGGREGATE
RANGE OF MONTHS ELAPSED NUMBER OF PRINCIPAL PRINCIPAL
SINCE ORIGINATION MORTGAGE LOANS BALANCE BALANCE
-------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
0 960 $69,478,830.39 61.36%
1 - 6 531 42,907,487.65 37.89
7 - 12 22 774,915.83 0.68
Greater than 12 2 76,509.59 0.07
-------------------------------------------------------------------------------------------------------------------------------
TOTAL: 1,515 $113,237,743.46 100.00%
</TABLE>
Minimum Seasoning: 0 months
Maximum Seasoning: 98 months
Weighted Average Seasoning: 0.6 months
--------------------------------------------------------------------------------
35
This information is being delivered to a specific number of prospective
sophisticated investors in order to assist them in determining whether they have
an interest in the type of security described herein. It has been prepared
solely for information purposes and is not an offer to buy or sell or a
solicitation of an offer to buy or sell any security or instrument or to
participate in any trading strategy. This material is based on information that
Morgan Stanley & Co. Incorporated ("Morgan Stanley") considers reliable. Morgan
Stanley makes no representation or warranty with respect to the accuracy or
completeness of the information, or with respect to the terms of any future
offer of securities conforming to the terms hereof. Any such offer of securities
would be made pursuant to a definitive Prospectus or Private Placement
Memorandum, as the case may be, prepared by the issuer which could contain
material information not contained herein and to which the prospective
purchasers are referred. In the event of any such offering, this information
shall be deemed superseded, amended and supplemented in its entirety by such
Prospectus or Private Placement Memorandum. Such Prospectus or Private Placement
will contain all material information in respect of any securities offered
thereby and any decision to invest in such securities should be made solely in
reliance upon such Prospectus or Private Placement Memorandum. The information
contained here in may be based on assumptions regarding market conditions and
other matters as reflected therein and is therefore subject to change. We make
no representations regarding the reasonableness of such assumptions or the
likelihood that any of such assumptions will coincide with actual market
conditions or events, and this material should not be relied on for such
purposes. No representation is made that any returns indicated will be achieved.
Changes to the assumptions may have a material impact on any returns detailed.
Morgan Stanley disclaims any and all liability relating to this information,
including without limitation any express or implied representations or
warranties for, statements contained in, and omissions from the information
contained here in. Additional information is available upon request. Morgan
Stanley and others associated with it may have positions in, and may effect
transaction in, securities and instruments of issuers mentioned herein and may
also perform or seek to perform investment banking services for the issuers of
such securities and instruments. Past performance is not necessarily indicative
of future results. Price and availability are subject to change without notice.
Information contained in this material is current as of the date appearing on
this material only. Information in this material regarding any assets backing
any securities discussed herein supercedes all prior information regarding such
assets. Morgan Stanley is acting as the lead underwriter and not acting as agent
for the issuer or its affiliates in connection with the proposed transaction. To
our readers worldwide: In addition, please note that this publication has been
issued by Morgan Stanley, approved by Morgan Stanley International Limited, a
member of The Securities and Futures Authority, and by Morgan Stanley Japan Ltd.
We recommend that such investors obtain the advice of their Morgan Stanley,
Morgan Stanley International or Morgan Stanley Japan Ltd. representative about
the investments concerned. NOT FOR DISTRIBUTION TO PRIVATE CUSTOMERS AS DEFINED
BY THE U.K. SECURITIES AND FUTURES AUTHORITY.
<PAGE>
ARM GROUP II - COLLATERAL SUMMARY
<TABLE>
<CAPTION>
--------------------------------------------------------------------------------------------------------------------------------
ARM GROUP II
--------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C>
NUMBER OF MORTGAGE LOANS 1,996
TOTAL OUTSTANDING PRINCIPAL BALANCE $202,966,482.96
AVERAGE PRINCIPAL BALANCE $101,686.61 $10,200.00 - $367,200.00
WEIGHTED AVERAGE MORTGAGE COUPON RATE 10.665% 7.750% - 16.700%
WEIGHTED AVERAGE MARGIN 6.237% 2.94% 9.75%
WEIGHTED AVERAGE ORIGINAL TERM (MOS.) 359
WEIGHTED AVERAGE REMAINING TERM (MOS.) 358 179 - 360
WEIGHTED AVERAGE FICO 585.5
WEIGHTED AVERAGE MAXIMUM COUPON RATE 16.668% 13.750% - 22.700%
WEIGHTED AVERAGE MINIMUM COUPON RATE 10.665% 7.750% - 16.700%
WEIGHTED AVERAGE LTV 78.62% 6.50% - 100.00%
LIEN POSITION
FIRST 100.00%
PREPAYMENT PENALTY
YES 88.80%
NO 11.20%
--------------------------------------------------------------------------------------------------------------------------------
</TABLE>
ARM GROUP II
GEOGRAPHIC DISTRIBUTION
<TABLE>
<CAPTION>
AGGREGATE % OF AGGREGATE
NUMBER OF PRINCIPAL PRINCIPAL
STATE MORTGAGE LOANS BALANCE BALANCE
-------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
California 342 $52,287,549.34 25.76%
Florida 303 27,314,644.92 13.46
Washington 74 9,539,684.96 4.70
Ohio 110 8,117,842.24 4.00
Hawaii 40 7,865,289.77 3.88
Minnesota 76 7,362,797.55 3.63
Texas 84 7,334,316.17 3.61
Illinois 65 6,201,860.76 3.06
Michigan 78 5,942,057.67 2.93
New York 56 5,881,876.37 2.90
Other 768 65,118,563.21 32.08
-------------------------------------------------------------------------------------------------------------------------------
TOTAL: 1,996 $202,966,482.96 100.00%
</TABLE>
The mortgaged properties in the ARM Group are located in 44 states and
the District of Columbia
--------------------------------------------------------------------------------
36
This information is being delivered to a specific number of prospective
sophisticated investors in order to assist them in determining whether they
have an interest in the type of security described herein. It has been
prepared solely for information purposes and is not an offer to buy or sell
or a solicitation of an offer to buy or sell any security or instrument or to
participate in any trading strategy. This material is based on information
that Morgan Stanley & Co. Incorporated ("Morgan Stanley") considers reliable.
Morgan Stanley makes no representation or warranty with respect to the
accuracy or completeness of the information, or with respect to the terms of
any future offer of securities conforming to the terms hereof. Any such offer
of securities would be made pursuant to a definitive Prospectus or Private
Placement Memorandum, as the case may be, prepared by the issuer which could
contain material information not contained herein and to which the
prospective purchasers are referred. In the event of any such offering, this
information shall be deemed superseded, amended and supplemented in its
entirety by such Prospectus or Private Placement Memorandum. Such Prospectus
or Private Placement will contain all material information in respect of any
securities offered thereby and any decision to invest in such securities
should be made solely in reliance upon such Prospectus or Private Placement
Memorandum. The information contained here in may be based on assumptions
regarding market conditions and other matters as reflected therein and is
therefore subject to change. We make no representations regarding the
reasonableness of such assumptions or the likelihood that any of such
assumptions will coincide with actual market conditions or events, and this
material should not be relied on for such purposes. No representation is made
that any returns indicated will be achieved. Changes to the assumptions may
have a material impact on any returns detailed. Morgan Stanley disclaims any
and all liability relating to this information, including without limitation
any express or implied representations or warranties for, statements
contained in, and omissions from the information contained here in.
Additional information is available upon request. Morgan Stanley and others
associated with it may have positions in, and may effect transaction in,
securities and instruments of issuers mentioned herein and may also perform
or seek to perform investment banking services for the issuers of such
securities and instruments. Past performance is not necessarily indicative of
future results. Price and availability are subject to change without notice.
Information contained in this material is current as of the date appearing on
this material only. Information in this material regarding any assets backing
any securities discussed herein supercedes all prior information regarding
such assets. Morgan Stanley is acting as the lead underwriter and not acting
as agent for the issuer or its affiliates in connection with the proposed
transaction. To our readers worldwide: In addition, please note that this
publication has been issued by Morgan Stanley, approved by Morgan Stanley
International Limited, a member of The Securities and Futures Authority, and
by Morgan Stanley Japan Ltd. We recommend that such investors obtain the
advice of their Morgan Stanley, Morgan Stanley International or Morgan
Stanley Japan Ltd. representative about the investments concerned. NOT FOR
DISTRIBUTION TO PRIVATE CUSTOMERS AS DEFINED BY THE U.K. SECURITIES AND
FUTURES AUTHORITY.
<PAGE>
ARM GROUP II
DISTRIBUTION OF LTV RATIOS
<TABLE>
<CAPTION>
AGGREGATE % OF AGGREGATE
RANGE OF NUMBER OF PRINCIPAL PRINCIPAL
LTV RATIOS MORTGAGE LOANS BALANCE BALANCE
-------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
0.01 - 60.00% 137 $10,258,660.80 5.05%
60.01 - 70.00 338 31,757,340.40 15.65
70.01 - 75.00 388 35,162,375.34 17.32
75.01 - 80.00 548 60,526,076.8 29.82
80.01 - 85.00 143 15,976,324.35 7.87
85.01 - 90.00 311 34,723,281.81 17.11
90.01 - 95.00 125 13,688,587.79 6.74
95.01 - 100.00 6 873,835.63 0.43
-------------------------------------------------------------------------------------------------------------------------------
TOTAL: 1,996 $202,966,482.96 100.00%
</TABLE>
Minimum LTV: 6.50%
Maximum LTV: 100.00%
Weighted Average LTV: 78.62%
ARM GROUP II
DISTRIBUTION OF REMAINING TERM TO MATURITY
<TABLE>
<CAPTION>
AGGREGATE % OF AGGREGATE
RANGE OF REMAINING TERM NUMBER OF PRINCIPAL PRINCIPAL
TO MATURITY MORTGAGE LOANS BALANCE BALANCE
-------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
121 - 180 15 $1,144,513.04 0.56%
181 - 240 4 347,094.41 0.17
301 - 360 1,977 201,474,875.51 99.27
-------------------------------------------------------------------------------------------------------------------------------
TOTAL: 1,996 $202,966,482.96 100.00%
</TABLE>
Minimum Remaining Term: 179 months
Maximum Remaining Term: 360 months
Weighted Average Remaining Term: 357.9 months
--------------------------------------------------------------------------------
37
This information is being delivered to a specific number of prospective
sophisticated investors in order to assist them in determining whether they
have an interest in the type of security described herein. It has been
prepared solely for information purposes and is not an offer to buy or sell
or a solicitation of an offer to buy or sell any security or instrument or to
participate in any trading strategy. This material is based on information
that Morgan Stanley & Co. Incorporated ("Morgan Stanley") considers reliable.
Morgan Stanley makes no representation or warranty with respect to the
accuracy or completeness of the information, or with respect to the terms of
any future offer of securities conforming to the terms hereof. Any such offer
of securities would be made pursuant to a definitive Prospectus or Private
Placement Memorandum, as the case may be, prepared by the issuer which could
contain material information not contained herein and to which the
prospective purchasers are referred. In the event of any such offering, this
information shall be deemed superseded, amended and supplemented in its
entirety by such Prospectus or Private Placement Memorandum. Such Prospectus
or Private Placement will contain all material information in respect of any
securities offered thereby and any decision to invest in such securities
should be made solely in reliance upon such Prospectus or Private Placement
Memorandum. The information contained here in may be based on assumptions
regarding market conditions and other matters as reflected therein and is
therefore subject to change. We make no representations regarding the
reasonableness of such assumptions or the likelihood that any of such
assumptions will coincide with actual market conditions or events, and this
material should not be relied on for such purposes. No representation is made
that any returns indicated will be achieved. Changes to the assumptions may
have a material impact on any returns detailed. Morgan Stanley disclaims any
and all liability relating to this information, including without limitation
any express or implied representations or warranties for, statements
contained in, and omissions from the information contained here in.
Additional information is available upon request. Morgan Stanley and others
associated with it may have positions in, and may effect transaction in,
securities and instruments of issuers mentioned herein and may also perform
or seek to perform investment banking services for the issuers of such
securities and instruments. Past performance is not necessarily indicative of
future results. Price and availability are subject to change without notice.
Information contained in this material is current as of the date appearing on
this material only. Information in this material regarding any assets backing
any securities discussed herein supercedes all prior information regarding
such assets. Morgan Stanley is acting as the lead underwriter and not acting
as agent for the issuer or its affiliates in connection with the proposed
transaction. To our readers worldwide: In addition, please note that this
publication has been issued by Morgan Stanley, approved by Morgan Stanley
International Limited, a member of The Securities and Futures Authority, and
by Morgan Stanley Japan Ltd. We recommend that such investors obtain the
advice of their Morgan Stanley, Morgan Stanley International or Morgan
Stanley Japan Ltd. representative about the investments concerned. NOT FOR
DISTRIBUTION TO PRIVATE CUSTOMERS AS DEFINED BY THE U.K. SECURITIES AND
FUTURES AUTHORITY.
<PAGE>
ARM GROUP II
DISTRIBUTION OF PRINCIPAL BALANCE
<TABLE>
<CAPTION>
AGGREGATE % OF AGGREGATE
RANGE OF NUMBER OF PRINCIPAL PRINCIPAL
PRINCIPAL BALANCES MORTGAGE LOANS BALANCE BALANCE
-------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
$1 - $25,000 25 $537,220.61 0.26%
25,001 - 50,000 339 13,366,219.31 6.59
50,001 - 75,000 448 28,083,979.53 13.84
75,001 - 100,000 329 28,754,050.33 14.17
100,001 - 150,000 473 57,461,047.24 28.31
150,001 - 200,000 237 40,797,459.16 20.10
200,001 - 250,000 120 26,763,749.47 13.19
250,001 - 300,000 17 4,523,168.97 2.23
300,001 - 350,000 6 1,954,788.34 0.96
350,001 - 400,000 2 724,800.00 0.36
-------------------------------------------------------------------------------------------------------------------------------
TOTAL: 1,996 $202,966,482.96 100.00%
</TABLE>
Minimum Principal Balance: $10,200.00
Maximum Principal Balance: $367,200.00
Average Principal Balance: $101,686.61
ARM GROUP II
DISTRIBUTION OF PROPERTY TYPES
<TABLE>
<CAPTION>
AGGREGATE % OF AGGREGATE
NUMBER OF PRINCIPAL PRINCIPAL
PROPERTY TYPE MORTGAGE LOANS BALANCE BALANCE
-----------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
Single Family 1,749 $177,839,983.36 87.62%
Condos /Townhouses 133 12,627,913.03 6.23
Two to Four Family Home 107 11,938,181.32 5.88
Manufactured Housing 7 560,405.25 0.28
-----------------------------------------------------------------------------------------------------------------------------
TOTAL: 1,996 $202,966,482.96 100.00%
</TABLE>
--------------------------------------------------------------------------------
38
This information is being delivered to a specific number of prospective
sophisticated investors in order to assist them in determining whether they
have an interest in the type of security described herein. It has been
prepared solely for information purposes and is not an offer to buy or sell
or a solicitation of an offer to buy or sell any security or instrument or to
participate in any trading strategy. This material is based on information
that Morgan Stanley & Co. Incorporated ("Morgan Stanley") considers reliable.
Morgan Stanley makes no representation or warranty with respect to the
accuracy or completeness of the information, or with respect to the terms of
any future offer of securities conforming to the terms hereof. Any such offer
of securities would be made pursuant to a definitive Prospectus or Private
Placement Memorandum, as the case may be, prepared by the issuer which could
contain material information not contained herein and to which the
prospective purchasers are referred. In the event of any such offering, this
information shall be deemed superseded, amended and supplemented in its
entirety by such Prospectus or Private Placement Memorandum. Such Prospectus
or Private Placement will contain all material information in respect of any
securities offered thereby and any decision to invest in such securities
should be made solely in reliance upon such Prospectus or Private Placement
Memorandum. The information contained here in may be based on assumptions
regarding market conditions and other matters as reflected therein and is
therefore subject to change. We make no representations regarding the
reasonableness of such assumptions or the likelihood that any of such
assumptions will coincide with actual market conditions or events, and this
material should not be relied on for such purposes. No representation is made
that any returns indicated will be achieved. Changes to the assumptions may
have a material impact on any returns detailed. Morgan Stanley disclaims any
and all liability relating to this information, including without limitation
any express or implied representations or warranties for, statements
contained in, and omissions from the information contained here in.
Additional information is available upon request. Morgan Stanley and others
associated with it may have positions in, and may effect transaction in,
securities and instruments of issuers mentioned herein and may also perform
or seek to perform investment banking services for the issuers of such
securities and instruments. Past performance is not necessarily indicative of
future results. Price and availability are subject to change without notice.
Information contained in this material is current as of the date appearing on
this material only. Information in this material regarding any assets backing
any securities discussed herein supercedes all prior information regarding
such assets. Morgan Stanley is acting as the lead underwriter and not acting
as agent for the issuer or its affiliates in connection with the proposed
transaction. To our readers worldwide: In addition, please note that this
publication has been issued by Morgan Stanley, approved by Morgan Stanley
International Limited, a member of The Securities and Futures Authority, and
by Morgan Stanley Japan Ltd. We recommend that such investors obtain the
advice of their Morgan Stanley, Morgan Stanley International or Morgan
Stanley Japan Ltd. representative about the investments concerned. NOT FOR
DISTRIBUTION TO PRIVATE CUSTOMERS AS DEFINED BY THE U.K. SECURITIES AND
FUTURES AUTHORITY.
<PAGE>
ARM GROUP II
DISTRIBUTION OF OCCUPANCY STATUS
<TABLE>
<CAPTION>
AGGREGATE % OF AGGREGATE
NUMBER OF PRINCIPAL PRINCIPAL
OCCUPANCY STATUS MORTGAGE LOANS BALANCE BALANCE
-----------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
Owner Occupied 1,878 $194,673,399.05 95.91%
Non-Owner Occupied 118 8,293,083.91 4.09
-----------------------------------------------------------------------------------------------------------------------------
TOTAL: 1,996 $202,966,482.96 100.00%
</TABLE>
Owner Occupied properties include vacation homes and second homes
ARM GROUP II
DISTRIBUTION OF SEASONING
<TABLE>
<CAPTION>
AGGREGATE % OF AGGREGATE
RANGE OF MONTHS ELAPSED NUMBER OF PRINCIPAL PRINCIPAL
SINCE ORIGINATION MORTGAGE LOANS BALANCE BALANCE
-------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
0 1,031 $103,265,883.32 50.88%
1 - 6 958 98,946,327.76 48.75
7 - 12 7 754,271.88 0.37
-------------------------------------------------------------------------------------------------------------------------------
TOTAL: 1,996 $202,966,482.96 100.00%
</TABLE>
Minimum Seasoning: 0 months
Maximum Seasoning: 12 months
Weighted Average Seasoning: 0.8 months
--------------------------------------------------------------------------------
39
This information is being delivered to a specific number of prospective
sophisticated investors in order to assist them in determining whether they have
an interest in the type of security described herein. It has been prepared
solely for information purposes and is not an offer to buy or sell or a
solicitation of an offer to buy or sell any security or instrument or to
participate in any trading strategy. This material is based on information that
Morgan Stanley & Co. Incorporated ("Morgan Stanley") considers reliable. Morgan
Stanley makes no representation or warranty with respect to the accuracy or
completeness of the information, or with respect to the terms of any future
offer of securities conforming to the terms hereof. Any such offer of securities
would be made pursuant to a definitive Prospectus or Private Placement
Memorandum, as the case may be, prepared by the issuer which could contain
material information not contained herein and to which the prospective
purchasers are referred. In the event of any such offering, this information
shall be deemed superseded, amended and supplemented in its entirety by such
Prospectus or Private Placement Memorandum. Such Prospectus or Private Placement
will contain all material information in respect of any securities offered
thereby and any decision to invest in such securities should be made solely in
reliance upon such Prospectus or Private Placement Memorandum. The information
contained here in may be based on assumptions regarding market conditions and
other matters as reflected therein and is therefore subject to change. We make
no representations regarding the reasonableness of such assumptions or the
likelihood that any of such assumptions will coincide with actual market
conditions or events, and this material should not be relied on for such
purposes. No representation is made that any returns indicated will be achieved.
Changes to the assumptions may have a material impact on any returns detailed.
Morgan Stanley disclaims any and all liability relating to this information,
including without limitation any express or implied representations or
warranties for, statements contained in, and omissions from the information
contained here in. Additional information is available upon request. Morgan
Stanley and others associated with it may have positions in, and may effect
transaction in, securities and instruments of issuers mentioned herein and may
also perform or seek to perform investment banking services for the issuers of
such securities and instruments. Past performance is not necessarily indicative
of future results. Price and availability are subject to change without notice.
Information contained in this material is current as of the date appearing on
this material only. Information in this material regarding any assets backing
any securities discussed herein supercedes all prior information regarding such
assets. Morgan Stanley is acting as the lead underwriter and not acting as agent
for the issuer or its affiliates in connection with the proposed transaction. To
our readers worldwide: In addition, please note that this publication has been
issued by Morgan Stanley, approved by Morgan Stanley International Limited, a
member of The Securities and Futures Authority, and by Morgan Stanley Japan Ltd.
We recommend that such investors obtain the advice of their Morgan Stanley,
Morgan Stanley International or Morgan Stanley Japan Ltd. representative about
the investments concerned. NOT FOR DISTRIBUTION TO PRIVATE CUSTOMERS AS DEFINED
BY THE U.K. SECURITIES AND FUTURES AUTHORITY.
<PAGE>
ARM GROUP II
DISTRIBUTION OF CURRENT MORTGAGE COUPON RATES
<TABLE>
<CAPTION>
AGGREGATE % OF AGGREGATE
RANGE OF CURRENT NUMBER OF PRINCIPAL PRINCIPAL
MORTGAGE COUPON RATES MORTGAGE LOANS BALANCE BALANCE
-------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
7.001 - 8.000% 7 $1,195,554.33 0.59%
8.001 - 9.000 144 19,263,551.14 9.49
9.001 - 10.000 422 53,544,056.69 26.38
10.001 - 11.000 568 61,110,507.35 30.11
11.001 - 12.000 450 38,294,062.92 18.87
12.001 - 13.000 254 19,094,246.47 9.41
13.001 - 14.000 103 7,541,084.19 3.72
14.001 - 15.000 37 2,419,049.28 1.19
15.001 - 16.000 8 394,182.28 0.19
16.001 - 17.000 3 110,188.31 0.05
-------------------------------------------------------------------------------------------------------------------------------
TOTAL: 1,996 $202,966,482.96 100.00%
</TABLE>
Minimum Current Mortgage Coupon Rate: 7.750%
Maximum Current Mortgage Coupon Rate: 16.700%
Weighted Average Current Mortgage Coupon Rate: 10.665%
--------------------------------------------------------------------------------
40
This information is being delivered to a specific number of prospective
sophisticated investors in order to assist them in determining whether they have
an interest in the type of security described herein. It has been prepared
solely for information purposes and is not an offer to buy or sell or a
solicitation of an offer to buy or sell any security or instrument or to
participate in any trading strategy. This material is based on information that
Morgan Stanley & Co. Incorporated ("Morgan Stanley") considers reliable. Morgan
Stanley makes no representation or warranty with respect to the accuracy or
completeness of the information, or with respect to the terms of any future
offer of securities conforming to the terms hereof. Any such offer of securities
would be made pursuant to a definitive Prospectus or Private Placement
Memorandum, as the case may be, prepared by the issuer which could contain
material information not contained herein and to which the prospective
purchasers are referred. In the event of any such offering, this information
shall be deemed superseded, amended and supplemented in its entirety by such
Prospectus or Private Placement Memorandum. Such Prospectus or Private Placement
will contain all material information in respect of any securities offered
thereby and any decision to invest in such securities should be made solely in
reliance upon such Prospectus or Private Placement Memorandum. The information
contained here in may be based on assumptions regarding market conditions and
other matters as reflected therein and is therefore subject to change. We make
no representations regarding the reasonableness of such assumptions or the
likelihood that any of such assumptions will coincide with actual market
conditions or events, and this material should not be relied on for such
purposes. No representation is made that any returns indicated will be achieved.
Changes to the assumptions may have a material impact on any returns detailed.
Morgan Stanley disclaims any and all liability relating to this information,
including without limitation any express or implied representations or
warranties for, statements contained in, and omissions from the information
contained here in. Additional information is available upon request. Morgan
Stanley and others associated with it may have positions in, and may effect
transaction in, securities and instruments of issuers mentioned herein and may
also perform or seek to perform investment banking services for the issuers of
such securities and instruments. Past performance is not necessarily indicative
of future results. Price and availability are subject to change without notice.
Information contained in this material is current as of the date appearing on
this material only. Information in this material regarding any assets backing
any securities discussed herein supercedes all prior information regarding such
assets. Morgan Stanley is acting as the lead underwriter and not acting as agent
for the issuer or its affiliates in connection with the proposed transaction. To
our readers worldwide: In addition, please note that this publication has been
issued by Morgan Stanley, approved by Morgan Stanley International Limited, a
member of The Securities and Futures Authority, and by Morgan Stanley Japan Ltd.
We recommend that such investors obtain the advice of their Morgan Stanley,
Morgan Stanley International or Morgan Stanley Japan Ltd. representative about
the investments concerned. NOT FOR DISTRIBUTION TO PRIVATE CUSTOMERS AS DEFINED
BY THE U.K. SECURITIES AND FUTURES AUTHORITY.
<PAGE>
ARM GROUP II
DISTRIBUTION OF MAXIMUM MORTGAGE COUPON RATES
<TABLE>
<CAPTION>
AGGREGATE % OF AGGREGATE
RANGE OF MAXIMUM NUMBER OF PRINCIPAL PRINCIPAL
MORTGAGE COUPON RATES MORTGAGE LOANS BALANCE BALANCE
-----------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
13.001 - 14.000% 7 $1,195,554.33 0.59%
14.001 - 15.000 143 19,202,880.49 9.46
15.001 - 16.000 421 53,458,800.34 26.34
16.001 - 17.000 569 61,022,933.46 30.07
17.001 - 18.000 450 38,418,797.64 18.93
18.001 - 19.000 255 19,203,012.64 9.46
19.001 - 20.000 103 7,541,084.19 3.72
20.001 - 21.000 36 2,363,850.67 1.16
21.001 - 22.000 9 449,380.89 0.22
22.001 - 23.000 3 110,188.31 0.05
-----------------------------------------------------------------------------------------------------------------------------
TOTAL: 1,996 $202,966,482.96 100.00%
</TABLE>
Minimum Maximum Mortgage Coupon Rate: 13.750%
Maximum Maximum Mortgage Coupon Rate: 22.700%
Weighted Average Maximum Mortgage Coupon Rate: 16.668%
--------------------------------------------------------------------------------
41
This information is being delivered to a specific number of prospective
sophisticated investors in order to assist them in determining whether they have
an interest in the type of security described herein. It has been prepared
solely for information purposes and is not an offer to buy or sell or a
solicitation of an offer to buy or sell any security or instrument or to
participate in any trading strategy. This material is based on information that
Morgan Stanley & Co. Incorporated ("Morgan Stanley") considers reliable. Morgan
Stanley makes no representation or warranty with respect to the accuracy or
completeness of the information, or with respect to the terms of any future
offer of securities conforming to the terms hereof. Any such offer of securities
would be made pursuant to a definitive Prospectus or Private Placement
Memorandum, as the case may be, prepared by the issuer which could contain
material information not contained herein and to which the prospective
purchasers are referred. In the event of any such offering, this information
shall be deemed superseded, amended and supplemented in its entirety by such
Prospectus or Private Placement Memorandum. Such Prospectus or Private Placement
will contain all material information in respect of any securities offered
thereby and any decision to invest in such securities should be made solely in
reliance upon such Prospectus or Private Placement Memorandum. The information
contained here in may be based on assumptions regarding market conditions and
other matters as reflected therein and is therefore subject to change. We make
no representations regarding the reasonableness of such assumptions or the
likelihood that any of such assumptions will coincide with actual market
conditions or events, and this material should not be relied on for such
purposes. No representation is made that any returns indicated will be achieved.
Changes to the assumptions may have a material impact on any returns detailed.
Morgan Stanley disclaims any and all liability relating to this information,
including without limitation any express or implied representations or
warranties for, statements contained in, and omissions from the information
contained here in. Additional information is available upon request. Morgan
Stanley and others associated with it may have positions in, and may effect
transaction in, securities and instruments of issuers mentioned herein and may
also perform or seek to perform investment banking services for the issuers of
such securities and instruments. Past performance is not necessarily indicative
of future results. Price and availability are subject to change without notice.
Information contained in this material is current as of the date appearing on
this material only. Information in this material regarding any assets backing
any securities discussed herein supercedes all prior information regarding such
assets. Morgan Stanley is acting as the lead underwriter and not acting as agent
for the issuer or its affiliates in connection with the proposed transaction. To
our readers worldwide: In addition, please note that this publication has been
issued by Morgan Stanley, approved by Morgan Stanley International Limited, a
member of The Securities and Futures Authority, and by Morgan Stanley Japan Ltd.
We recommend that such investors obtain the advice of their Morgan Stanley,
Morgan Stanley International or Morgan Stanley Japan Ltd. representative about
the investments concerned. NOT FOR DISTRIBUTION TO PRIVATE CUSTOMERS AS DEFINED
BY THE U.K. SECURITIES AND FUTURES AUTHORITY.
<PAGE>
ARM GROUP II
DISTRIBUTION OF MINIMUM MORTGAGE COUPON RATES
<TABLE>
<CAPTION>
AGGREGATE % OF AGGREGATE
RANGE OF MINIMUM NUMBER OF PRINCIPAL PRINCIPAL
MORTGAGE COUPON RATES MORTGAGE LOANS BALANCE BALANCE
-----------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
7.001 - 8.000% 7 $1,195,554.33 0.59%
8.001 - 9.000 144 19,263,551.14 9.49
9.001 - 10.000 422 53,544,056.69 26.38
10.001 - 11.000 586 61,110,507.35 30.11
11.001 - 12.000 450 38,294,062.92 18.87
12.001 - 13.000 254 19,094,246.47 9.41
13.001 - 14.000 103 7,541,084.19 3.72
14.001 - 15.000 37 2,419,049.28 1.19
15.001 - 16.000 8 394,182.28 0.19
16.001 - 17.000 3 110,188.31 0.05
-----------------------------------------------------------------------------------------------------------------------------
TOTAL: 1,996 $202,966,482.96 100.00%
</TABLE>
Minimum Minimum Mortgage Coupon Rate: 7.750%
Maximum Minimum Mortgage Coupon Rate: 16.700%
Weighted Average Minimum Mortgage Coupon Rate: 10.665%
--------------------------------------------------------------------------------
42
This information is being delivered to a specific number of prospective
sophisticated investors in order to assist them in determining whether they have
an interest in the type of security described herein. It has been prepared
solely for information purposes and is not an offer to buy or sell or a
solicitation of an offer to buy or sell any security or instrument or to
participate in any trading strategy. This material is based on information that
Morgan Stanley & Co. Incorporated ("Morgan Stanley") considers reliable. Morgan
Stanley makes no representation or warranty with respect to the accuracy or
completeness of the information, or with respect to the terms of any future
offer of securities conforming to the terms hereof. Any such offer of securities
would be made pursuant to a definitive Prospectus or Private Placement
Memorandum, as the case may be, prepared by the issuer which could contain
material information not contained herein and to which the prospective
purchasers are referred. In the event of any such offering, this information
shall be deemed superseded, amended and supplemented in its entirety by such
Prospectus or Private Placement Memorandum. Such Prospectus or Private Placement
will contain all material information in respect of any securities offered
thereby and any decision to invest in such securities should be made solely in
reliance upon such Prospectus or Private Placement Memorandum. The information
contained here in may be based on assumptions regarding market conditions and
other matters as reflected therein and is therefore subject to change. We make
no representations regarding the reasonableness of such assumptions or the
likelihood that any of such assumptions will coincide with actual market
conditions or events, and this material should not be relied on for such
purposes. No representation is made that any returns indicated will be achieved.
Changes to the assumptions may have a material impact on any returns detailed.
Morgan Stanley disclaims any and all liability relating to this information,
including without limitation any express or implied representations or
warranties for, statements contained in, and omissions from the information
contained here in. Additional information is available upon request. Morgan
Stanley and others associated with it may have positions in, and may effect
transaction in, securities and instruments of issuers mentioned herein and may
also perform or seek to perform investment banking services for the issuers of
such securities and instruments. Past performance is not necessarily indicative
of future results. Price and availability are subject to change without notice.
Information contained in this material is current as of the date appearing on
this material only. Information in this material regarding any assets backing
any securities discussed herein supercedes all prior information regarding such
assets. Morgan Stanley is acting as the lead underwriter and not acting as agent
for the issuer or its affiliates in connection with the proposed transaction. To
our readers worldwide: In addition, please note that this publication has been
issued by Morgan Stanley, approved by Morgan Stanley International Limited, a
member of The Securities and Futures Authority, and by Morgan Stanley Japan Ltd.
We recommend that such investors obtain the advice of their Morgan Stanley,
Morgan Stanley International or Morgan Stanley Japan Ltd. representative about
the investments concerned. NOT FOR DISTRIBUTION TO PRIVATE CUSTOMERS AS DEFINED
BY THE U.K. SECURITIES AND FUTURES AUTHORITY.
<PAGE>
ARM GROUP II
DISTRIBUTION OF MARGINS
<TABLE>
<CAPTION>
AGGREGATE % OF AGGREGATE
RANGE OF NUMBER OF PRINCIPAL PRINCIPAL
MARGINS MORTGAGE LOANS BALANCE BALANCE
-----------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
2.001 - 3.000 1 157,000.00 0.08%
3.001 - 4.000 23 2,171,327.24 1.07
4.001 - 5.000 68 6,038,790.26 2.98
5.001 - 6.000 623 64,583,769.28 31.82
6.001 - 7.000 1,022 109,537,897.33 53.97
7.001 - 8.000 214 16,792,357.90 8.27
8.001 - 9.000 41 3,458,474.51 1.70
9.001 - 10.000 4 226,866.44 0.11
-----------------------------------------------------------------------------------------------------
TOTAL: 1,996 $202,966,482.96 100.00%
</TABLE>
Minimum Margin: 2.943%
Maximum Margin: 9.750%
Weighted Average Margin: 6.237%
ARM GROUP II
DISTRIBUTION OF INITIAL INTEREST RATE ADJUSTMENT CAPS
<TABLE>
<CAPTION>
AGGREGATE % OF AGGREGATE
INITIAL INTEREST RATE NUMBER OF PRINCIPAL PRINCIPAL
ADJUSTMENT CAP MORTGAGE LOANS BALANCE BALANCE
-----------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
1.000% 6 $662,133.78 0.33%
2.000 9 1,346,642.44 0.66
3.000 1,981 200,957,706.74 99.01
-----------------------------------------------------------------------------------------------------
TOTAL: 1,996 $202,966,482.96 100.00%
</TABLE>
Minimum Initial Interest Rate Adjustment Cap: 1.000%
Maximum Initial Interest Rate Adjustment Cap: 3.000%
Weighted Average Initial Interest Rate Adjustment Cap: 2.987%
--------------------------------------------------------------------------------
43
This information is being delivered to a specific number of prospective
sophisticated investors in order to assist them in determining whether they have
an interest in the type of security described herein. It has been prepared
solely for information purposes and is not an offer to buy or sell or a
solicitation of an offer to buy or sell any security or instrument or to
participate in any trading strategy. This material is based on information that
Morgan Stanley & Co. Incorporated ("Morgan Stanley") considers reliable. Morgan
Stanley makes no representation or warranty with respect to the accuracy or
completeness of the information, or with respect to the terms of any future
offer of securities conforming to the terms hereof. Any such offer of securities
would be made pursuant to a definitive Prospectus or Private Placement
Memorandum, as the case may be, prepared by the issuer which could contain
material information not contained herein and to which the prospective
purchasers are referred. In the event of any such offering, this information
shall be deemed superseded, amended and supplemented in its entirety by such
Prospectus or Private Placement Memorandum. Such Prospectus or Private Placement
will contain all material information in respect of any securities offered
thereby and any decision to invest in such securities should be made solely in
reliance upon such Prospectus or Private Placement Memorandum. The information
contained here in may be based on assumptions regarding market conditions and
other matters as reflected therein and is therefore subject to change. We make
no representations regarding the reasonableness of such assumptions or the
likelihood that any of such assumptions will coincide with actual market
conditions or events, and this material should not be relied on for such
purposes. No representation is made that any returns indicated will be achieved.
Changes to the assumptions may have a material impact on any returns detailed.
Morgan Stanley disclaims any and all liability relating to this information,
including without limitation any express or implied representations or
warranties for, statements contained in, and omissions from the information
contained here in. Additional information is available upon request. Morgan
Stanley and others associated with it may have positions in, and may effect
transaction in, securities and instruments of issuers mentioned herein and may
also perform or seek to perform investment banking services for the issuers of
such securities and instruments. Past performance is not necessarily indicative
of future results. Price and availability are subject to change without notice.
Information contained in this material is current as of the date appearing on
this material only. Information in this material regarding any assets backing
any securities discussed herein supercedes all prior information regarding such
assets. Morgan Stanley is acting as the lead underwriter and not acting as agent
for the issuer or its affiliates in connection with the proposed transaction. To
our readers worldwide: In addition, please note that this publication has been
issued by Morgan Stanley, approved by Morgan Stanley International Limited, a
member of The Securities and Futures Authority, and by Morgan Stanley Japan Ltd.
We recommend that such investors obtain the advice of their Morgan Stanley,
Morgan Stanley International or Morgan Stanley Japan Ltd. representative about
the investments concerned. NOT FOR DISTRIBUTION TO PRIVATE CUSTOMERS AS DEFINED
BY THE U.K. SECURITIES AND FUTURES AUTHORITY.
<PAGE>
ARM GROUP II
DISTRIBUTION OF ANNUAL INTEREST RATE ADJUSTMENT CAPS
<TABLE>
<CAPTION>
AGGREGATE % OF AGGREGATE
ANNUAL INTEREST RATE NUMBER OF PRINCIPAL PRINCIPAL
ADJUSTMENT CAP MORTGAGE LOANS BALANCE BALANCE
-----------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
1.000% 1,993 $202,551,877.77 99.80%
1.500 3 414,605.19 0.20
-----------------------------------------------------------------------------------------------------
TOTAL: 1,996 $202,966,482.96 100.00%
</TABLE>
Minimum Annual Interest Rate Adjustment Cap: 1.000%
Maximum Annual Interest Rate Adjustment Cap: 1.500%
Weighted Average Annual Interest Rate Adjustment Cap: 1.001%
--------------------------------------------------------------------------------
44
This information is being delivered to a specific number of prospective
sophisticated investors in order to assist them in determining whether they have
an interest in the type of security described herein. It has been prepared
solely for information purposes and is not an offer to buy or sell or a
solicitation of an offer to buy or sell any security or instrument or to
participate in any trading strategy. This material is based on information that
Morgan Stanley & Co. Incorporated ("Morgan Stanley") considers reliable. Morgan
Stanley makes no representation or warranty with respect to the accuracy or
completeness of the information, or with respect to the terms of any future
offer of securities conforming to the terms hereof. Any such offer of securities
would be made pursuant to a definitive Prospectus or Private Placement
Memorandum, as the case may be, prepared by the issuer which could contain
material information not contained herein and to which the prospective
purchasers are referred. In the event of any such offering, this information
shall be deemed superseded, amended and supplemented in its entirety by such
Prospectus or Private Placement Memorandum. Such Prospectus or Private Placement
will contain all material information in respect of any securities offered
thereby and any decision to invest in such securities should be made solely in
reliance upon such Prospectus or Private Placement Memorandum. The information
contained here in may be based on assumptions regarding market conditions and
other matters as reflected therein and is therefore subject to change. We make
no representations regarding the reasonableness of such assumptions or the
likelihood that any of such assumptions will coincide with actual market
conditions or events, and this material should not be relied on for such
purposes. No representation is made that any returns indicated will be achieved.
Changes to the assumptions may have a material impact on any returns detailed.
Morgan Stanley disclaims any and all liability relating to this information,
including without limitation any express or implied representations or
warranties for, statements contained in, and omissions from the information
contained here in. Additional information is available upon request. Morgan
Stanley and others associated with it may have positions in, and may effect
transaction in, securities and instruments of issuers mentioned herein and may
also perform or seek to perform investment banking services for the issuers of
such securities and instruments. Past performance is not necessarily indicative
of future results. Price and availability are subject to change without notice.
Information contained in this material is current as of the date appearing on
this material only. Information in this material regarding any assets backing
any securities discussed herein supercedes all prior information regarding such
assets. Morgan Stanley is acting as the lead underwriter and not acting as agent
for the issuer or its affiliates in connection with the proposed transaction. To
our readers worldwide: In addition, please note that this publication has been
issued by Morgan Stanley, approved by Morgan Stanley International Limited, a
member of The Securities and Futures Authority, and by Morgan Stanley Japan Ltd.
We recommend that such investors obtain the advice of their Morgan Stanley,
Morgan Stanley International or Morgan Stanley Japan Ltd. representative about
the investments concerned. NOT FOR DISTRIBUTION TO PRIVATE CUSTOMERS AS DEFINED
BY THE U.K. SECURITIES AND FUTURES AUTHORITY.
<PAGE>
ARM GROUP II
DISTRIBUTION BY NEXT INTEREST ADJUSTMENT DATE
<TABLE>
<CAPTION>
AGGREGATE % OF AGGREGATE
NEXT INTEREST NUMBER OF PRINCIPAL PRINCIPAL
ADJUSTMENT DATE MORTGAGE LOANS BALANCE BALANCE
-----------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
April, 2001 1 $103,944.65 0.05%
December, 2001 1 49,977.51 0.02
January, 2002 1 37,378.35 0.02
March, 2002 1 134,767.53 0.07
May, 2002 1 84,756.65 0.04
June, 2002 5 898,166.27 0.44
July, 2002 16 1,677,328.25 0.83
August, 2002 14 1,797,219.83 0.89
September, 2002 58 7,378,882.70 3.64
October, 2002 145 18,406,577.25 9.07
November, 2002 259 33,971,700.53 16.74
December, 2002 39 4,453,313.00 2.19
April, 2003 3 375,229.48 0.18
May, 2003 7 712,365.93 0.35
June, 2003 11 1,055,855.59 0.52
July, 2003 24 2,466,322.62 1.22
August, 2003 34 3,437,607.23 1.69
September, 2003 221 22,314,553.05 10.99
October, 2003 421 38,612,747.74 19.02
November, 2003 609 53,280,004.80 26.25
December, 2003 124 11,629,784.00 5.73
January, 2004 1 88,000.00 0.04
-----------------------------------------------------------------------------------------------------
TOTAL: 1,996 $202,966,482.96 100.00%
</TABLE>
--------------------------------------------------------------------------------
45
This information is being delivered to a specific number of prospective
sophisticated investors in order to assist them in determining whether they have
an interest in the type of security described herein. It has been prepared
solely for information purposes and is not an offer to buy or sell or a
solicitation of an offer to buy or sell any security or instrument or to
participate in any trading strategy. This material is based on information that
Morgan Stanley & Co. Incorporated ("Morgan Stanley") considers reliable. Morgan
Stanley makes no representation or warranty with respect to the accuracy or
completeness of the information, or with respect to the terms of any future
offer of securities conforming to the terms hereof. Any such offer of securities
would be made pursuant to a definitive Prospectus or Private Placement
Memorandum, as the case may be, prepared by the issuer which could contain
material information not contained herein and to which the prospective
purchasers are referred. In the event of any such offering, this information
shall be deemed superseded, amended and supplemented in its entirety by such
Prospectus or Private Placement Memorandum. Such Prospectus or Private Placement
will contain all material information in respect of any securities offered
thereby and any decision to invest in such securities should be made solely in
reliance upon such Prospectus or Private Placement Memorandum. The information
contained here in may be based on assumptions regarding market conditions and
other matters as reflected therein and is therefore subject to change. We make
no representations regarding the reasonableness of such assumptions or the
likelihood that any of such assumptions will coincide with actual market
conditions or events, and this material should not be relied on for such
purposes. No representation is made that any returns indicated will be achieved.
Changes to the assumptions may have a material impact on any returns detailed.
Morgan Stanley disclaims any and all liability relating to this information,
including without limitation any express or implied representations or
warranties for, statements contained in, and omissions from the information
contained here in. Additional information is available upon request. Morgan
Stanley and others associated with it may have positions in, and may effect
transaction in, securities and instruments of issuers mentioned herein and may
also perform or seek to perform investment banking services for the issuers of
such securities and instruments. Past performance is not necessarily indicative
of future results. Price and availability are subject to change without notice.
Information contained in this material is current as of the date appearing on
this material only. Information in this material regarding any assets backing
any securities discussed herein supercedes all prior information regarding such
assets. Morgan Stanley is acting as the lead underwriter and not acting as agent
for the issuer or its affiliates in connection with the proposed transaction. To
our readers worldwide: In addition, please note that this publication has been
issued by Morgan Stanley, approved by Morgan Stanley International Limited, a
member of The Securities and Futures Authority, and by Morgan Stanley Japan Ltd.
We recommend that such investors obtain the advice of their Morgan Stanley,
Morgan Stanley International or Morgan Stanley Japan Ltd. representative about
the investments concerned. NOT FOR DISTRIBUTION TO PRIVATE CUSTOMERS AS DEFINED
BY THE U.K. SECURITIES AND FUTURES AUTHORITY.
<PAGE>
<TABLE>
<CAPTION>
ARM GROUP III - COLLATERAL SUMMARY
--------------------------------------------------------------------------------------------------------------------------------
ARM GROUP III
--------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C>
NUMBER OF MORTGAGE LOANS 280
TOTAL OUTSTANDING PRINCIPAL BALANCE $47,245,991.87
AVERAGE PRINCIPAL BALANCE $168,735.69 $20,927.75 - $500,000.00
WEIGHTED AVERAGE MORTGAGE COUPON RATE 10.251 7.875% - 16.750
WEIGHTED AVERAGE MARGIN 6.176 3.905% - 9.25%
WEIGHTED AVERAGE ORIGINAL TERM (MOS.) 358
WEIGHTED AVERAGE REMAINING TERM (MOS.) 357 179 - 360
WEIGHTED AVERAGE FICO 586.5
WEIGHTED AVERAGE MAXIMUM COUPON RATE 16.253% 13.875% - 22.750%
WEIGHTED AVERAGE MINIMUM COUPON RATE 10.251% 7.875% - 16.750%
WEIGHTED AVERAGE LTV 74.42% 11.50% - 99.00%
LIEN POSITION
FIRST 100.00%
PREPAYMENT PENALTY
YES 87.19%
NO 12.81%
--------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
ARM GROUP III
GEOGRAPHIC DISTRIBUTION
AGGREGATE % OF AGGREGATE
NUMBER OF PRINCIPAL PRINCIPAL
STATE MORTGAGE LOANS BALANCE BALANCE
--------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
California 101 $24,613,813.37 52.10%
Florida 20 3,339,686.19 7.07
Michigan 34 2,867,140.98 6.07
Washington 11 2,243,538.38 4.75
Georgia 6 1,454,701.59 3.08
Missouri 8 1,297,580.88 2.75
New York 5 1,258,778.92 2.66
New Jersey 3 1,185,750.00 2.51
Colorado 3 1,122,761.86 2.38
Illinois 11 958,436.02 2.03
Other 78 6,903,803.68 14.61
-------------------------------------------------------------------------------------------------------------------------------
TOTAL: 280 $47,245,991.87 100.00%
</TABLE>
The mortgaged properties in the ARM Group are located in 34 states
-------------------------------------------------------------------------------
46
This information is being delivered to a specific number of prospective
sophisticated investors in order to assist them in determining whether they
have an interest in the type of security described herein. It has been
prepared solely for information purposes and is not an offer to buy or sell
or a solicitation of an offer to buy or sell any security or instrument or to
participate in any trading strategy. This material is based on information
that Morgan Stanley & Co. Incorporated ("Morgan Stanley") considers reliable.
Morgan Stanley makes no representation or warranty with respect to the
accuracy or completeness of the information, or with respect to the terms of
any future offer of securities conforming to the terms hereof. Any such offer
of securities would be made pursuant to a definitive Prospectus or Private
Placement Memorandum, as the case may be, prepared by the issuer which could
contain material information not contained herein and to which the
prospective purchasers are referred. In the event of any such offering, this
information shall be deemed superseded, amended and supplemented in its
entirety by such Prospectus or Private Placement Memorandum. Such Prospectus
or Private Placement will contain all material information in respect of any
securities offered thereby and any decision to invest in such securities
should be made solely in reliance upon such Prospectus or Private Placement
Memorandum. The information contained here in may be based on assumptions
regarding market conditions and other matters as reflected therein and is
therefore subject to change. We make no representations regarding the
reasonableness of such assumptions or the likelihood that any of such
assumptions will coincide with actual market conditions or events, and this
material should not be relied on for such purposes. No representation is made
that any returns indicated will be achieved. Changes to the assumptions may
have a material impact on any returns detailed. Morgan Stanley disclaims any
and all liability relating to this information, including without limitation
any express or implied representations or warranties for, statements
contained in, and omissions from the information contained here in.
Additional information is available upon request. Morgan Stanley and others
associated with it may have positions in, and may effect transaction in,
securities and instruments of issuers mentioned herein and may also perform
or seek to perform investment banking services for the issuers of such
securities and instruments. Past performance is not necessarily indicative of
future results. Price and availability are subject to change without notice.
Information contained in this material is current as of the date appearing on
this material only. Information in this material regarding any assets backing
any securities discussed herein supercedes all prior information regarding
such assets. Morgan Stanley is acting as the lead underwriter and not acting
as agent for the issuer or its affiliates in connection with the proposed
transaction. To our readers worldwide: In addition, please note that this
publication has been issued by Morgan Stanley, approved by Morgan Stanley
International Limited, a member of The Securities and Futures Authority, and
by Morgan Stanley Japan Ltd. We recommend that such investors obtain the
advice of their Morgan Stanley, Morgan Stanley International or Morgan
Stanley Japan Ltd. representative about the investments concerned. NOT FOR
DISTRIBUTION TO PRIVATE CUSTOMERS AS DEFINED BY THE U.K. SECURITIES AND
FUTURES AUTHORITY.
<PAGE>
<TABLE>
<CAPTION>
ARM GROUP III
DISTRIBUTION OF LTV RATIOS
AGGREGATE % OF AGGREGATE
RANGE OF NUMBER OF PRINCIPAL PRINCIPAL
LTV RATIOS MORTGAGE LOANS BALANCE BALANCE
-------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
0.01 - 60.00% 50 $4,707,653.77 9.96%
60.01 - 70.00 72 9,854,966.76 20.86
70.01 - 75.00 47 8,330,353.86 17.63
75.01 - 80.00 70 16,189,026.48 34.27
80.01 - 85.00 19 2,862,214.83 6.06
85.01 - 90.00 19 4,690,032.89 9.93
90.01 - 95.00 2 518,289.27 1.10
95.01 - 100.00 1 93,454.01 0.20
-------------------------------------------------------------------------------------------------------------------------------
TOTAL: 280 $47,245,991.87 100.00%
</TABLE>
Minimum LTV: 11.50%
Maximum LTV: 99.00%
Weighted Average LTV: 74.42%
<TABLE>
<CAPTION>
ARM GROUP III
DISTRIBUTION OF REMAINING TERM TO MATURITY
AGGREGATE % OF AGGREGATE
RANGE OF REMAINING TERM NUMBER OF PRINCIPAL PRINCIPAL
TO MATURITY MORTGAGE LOANS BALANCE BALANCE
-------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
121 - 180 7 $616,438.57 1.30%
301 - 360 273 46,629,553.30 98.70
-------------------------------------------------------------------------------------------------------------------------------
TOTAL: 280 $47,245,991.87 100.00%
</TABLE>
Minimum Remaining Term: 179
Maximum Remaining Term: 360
Weighted Average Remaining Term: 357
-------------------------------------------------------------------------------
47
This information is being delivered to a specific number of prospective
sophisticated investors in order to assist them in determining whether they
have an interest in the type of security described herein. It has been
prepared solely for information purposes and is not an offer to buy or sell
or a solicitation of an offer to buy or sell any security or instrument or to
participate in any trading strategy. This material is based on information
that Morgan Stanley & Co. Incorporated ("Morgan Stanley") considers reliable.
Morgan Stanley makes no representation or warranty with respect to the
accuracy or completeness of the information, or with respect to the terms of
any future offer of securities conforming to the terms hereof. Any such offer
of securities would be made pursuant to a definitive Prospectus or Private
Placement Memorandum, as the case may be, prepared by the issuer which could
contain material information not contained herein and to which the
prospective purchasers are referred. In the event of any such offering, this
information shall be deemed superseded, amended and supplemented in its
entirety by such Prospectus or Private Placement Memorandum. Such Prospectus
or Private Placement will contain all material information in respect of any
securities offered thereby and any decision to invest in such securities
should be made solely in reliance upon such Prospectus or Private Placement
Memorandum. The information contained here in may be based on assumptions
regarding market conditions and other matters as reflected therein and is
therefore subject to change. We make no representations regarding the
reasonableness of such assumptions or the likelihood that any of such
assumptions will coincide with actual market conditions or events, and this
material should not be relied on for such purposes. No representation is made
that any returns indicated will be achieved. Changes to the assumptions may
have a material impact on any returns detailed. Morgan Stanley disclaims any
and all liability relating to this information, including without limitation
any express or implied representations or warranties for, statements
contained in, and omissions from the information contained here in.
Additional information is available upon request. Morgan Stanley and others
associated with it may have positions in, and may effect transaction in,
securities and instruments of issuers mentioned herein and may also perform
or seek to perform investment banking services for the issuers of such
securities and instruments. Past performance is not necessarily indicative of
future results. Price and availability are subject to change without notice.
Information contained in this material is current as of the date appearing on
this material only. Information in this material regarding any assets backing
any securities discussed herein supercedes all prior information regarding
such assets. Morgan Stanley is acting as the lead underwriter and not acting
as agent for the issuer or its affiliates in connection with the proposed
transaction. To our readers worldwide: In addition, please note that this
publication has been issued by Morgan Stanley, approved by Morgan Stanley
International Limited, a member of The Securities and Futures Authority, and
by Morgan Stanley Japan Ltd. We recommend that such investors obtain the
advice of their Morgan Stanley, Morgan Stanley International or Morgan
Stanley Japan Ltd. representative about the investments concerned. NOT FOR
DISTRIBUTION TO PRIVATE CUSTOMERS AS DEFINED BY THE U.K. SECURITIES AND
FUTURES AUTHORITY.
<PAGE>
<TABLE>
<CAPTION>
ARM GROUP III
DISTRIBUTION OF PRINCIPAL BALANCE
AGGREGATE % OF AGGREGATE
RANGE OF NUMBER OF PRINCIPAL PRINCIPAL
PRINCIPAL BALANCES MORTGAGE LOANS BALANCE BALANCE
-------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
$0.01 - $25,000.00 11 $270,119.45 0.57%
25,000.01 - 50,000.00 72 2,673,562.65 5.66
50,000.01 - 75,000.00 3 2,251,416.54 4.77
75,000.01 - 100,000.00 22 1,923,376.57 4.07
100,000.01 - 150,000.00 16 1,910,155.67 4.04
150,000.01 - 200,000.00 4 653,211.24 1.38
200,000.01 - 250,000.00 2 456,301.70 0.97
250,000.01 - 300,000.00 55 14,915,201.90 31.57
300,000.01 - 350,000.00 35 11,404,072.96 24.14
350,000.01 - 400,000.00 15 5,580,334.12 11.81
400,000.01 - 450,000.00 2 872,342.77 1.85
450,000.01 - 500,000.00 9 4,335,896.30 9.18
-------------------------------------------------------------------------------------------------------------------------------
TOTAL: 280 $47,245,991.87 100.00%
</TABLE>
Minimum Principal Balance: $20,928
Maximum Principal Balance: $500,000
Average Principal Balance: $168,736
<TABLE>
<CAPTION>
ARM GROUP III
DISTRIBUTION OF PROPERTY TYPES
AGGREGATE % OF AGGREGATE
NUMBER OF PRINCIPAL PRINCIPAL
PROPERTY TYPE MORTGAGE LOANS BALANCE BALANCE
-----------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
Single Family Residence 263 $44,574,862.52 94.35%
Condo / Townhouses 10 1,644,216.54 3.48
Two to Four Family Home 6 950,412.81 2.01
Manufactured Housing 1 76,500.00 0.16
-----------------------------------------------------------------------------------------------------------------------------
TOTAL: 280 $47,245,991.87 100.00%
</TABLE>
-------------------------------------------------------------------------------
48
This information is being delivered to a specific number of prospective
sophisticated investors in order to assist them in determining whether they
have an interest in the type of security described herein. It has been
prepared solely for information purposes and is not an offer to buy or sell
or a solicitation of an offer to buy or sell any security or instrument or to
participate in any trading strategy. This material is based on information
that Morgan Stanley & Co. Incorporated ("Morgan Stanley") considers reliable.
Morgan Stanley makes no representation or warranty with respect to the
accuracy or completeness of the information, or with respect to the terms of
any future offer of securities conforming to the terms hereof. Any such offer
of securities would be made pursuant to a definitive Prospectus or Private
Placement Memorandum, as the case may be, prepared by the issuer which could
contain material information not contained herein and to which the
prospective purchasers are referred. In the event of any such offering, this
information shall be deemed superseded, amended and supplemented in its
entirety by such Prospectus or Private Placement Memorandum. Such Prospectus
or Private Placement will contain all material information in respect of any
securities offered thereby and any decision to invest in such securities
should be made solely in reliance upon such Prospectus or Private Placement
Memorandum. The information contained here in may be based on assumptions
regarding market conditions and other matters as reflected therein and is
therefore subject to change. We make no representations regarding the
reasonableness of such assumptions or the likelihood that any of such
assumptions will coincide with actual market conditions or events, and this
material should not be relied on for such purposes. No representation is made
that any returns indicated will be achieved. Changes to the assumptions may
have a material impact on any returns detailed. Morgan Stanley disclaims any
and all liability relating to this information, including without limitation
any express or implied representations or warranties for, statements
contained in, and omissions from the information contained here in.
Additional information is available upon request. Morgan Stanley and others
associated with it may have positions in, and may effect transaction in,
securities and instruments of issuers mentioned herein and may also perform
or seek to perform investment banking services for the issuers of such
securities and instruments. Past performance is not necessarily indicative of
future results. Price and availability are subject to change without notice.
Information contained in this material is current as of the date appearing on
this material only. Information in this material regarding any assets backing
any securities discussed herein supercedes all prior information regarding
such assets. Morgan Stanley is acting as the lead underwriter and not acting
as agent for the issuer or its affiliates in connection with the proposed
transaction. To our readers worldwide: In addition, please note that this
publication has been issued by Morgan Stanley, approved by Morgan Stanley
International Limited, a member of The Securities and Futures Authority, and
by Morgan Stanley Japan Ltd. We recommend that such investors obtain the
advice of their Morgan Stanley, Morgan Stanley International or Morgan
Stanley Japan Ltd. representative about the investments concerned. NOT FOR
DISTRIBUTION TO PRIVATE CUSTOMERS AS DEFINED BY THE U.K. SECURITIES AND
FUTURES AUTHORITY.
<PAGE>
<TABLE>
<CAPTION>
ARM GROUP III
DISTRIBUTION OF OCCUPANCY STATUS
AGGREGATE % OF AGGREGATE
NUMBER OF PRINCIPAL PRINCIPAL
OCCUPANCY STATUS MORTGAGE LOANS BALANCE BALANCE
-----------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
Owner Occupied 277 $46,340,809.87 98.08%
Non-Owner Occupied 3 905,182.00 1.92
-----------------------------------------------------------------------------------------------------------------------------
TOTAL: 280 $47,245,991.87 100.00%
</TABLE>
Owner Occupied properties include vacation homes and second homes
<TABLE>
<CAPTION>
ARM GROUP III
DISTRIBUTION OF SEASONING
AGGREGATE % OF AGGREGATE
RANGE OF MONTHS ELAPSED NUMBER OF PRINCIPAL PRINCIPAL
SINCE ORIGINATION MORTGAGE LOANS BALANCE BALANCE
-------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
0 127 $23,437,440.37 49.61%
1 - 6 151 23,180,269.25 49.06
7 - 12 2 628,282,25 1.33
-------------------------------------------------------------------------------------------------------------------------------
TOTAL: 280 $47,245,991.87 100.00%
</TABLE>
Minimum Seasoning: 0 months
Maximum Seasoning: 9 months
Weighted Average Seasoning: 0.9 months
-------------------------------------------------------------------------------
49
This information is being delivered to a specific number of prospective
sophisticated investors in order to assist them in determining whether they have
an interest in the type of security described herein. It has been prepared
solely for information purposes and is not an offer to buy or sell or a
solicitation of an offer to buy or sell any security or instrument or to
participate in any trading strategy. This material is based on information that
Morgan Stanley & Co. Incorporated ("Morgan Stanley") considers reliable. Morgan
Stanley makes no representation or warranty with respect to the accuracy or
completeness of the information, or with respect to the terms of any future
offer of securities conforming to the terms hereof. Any such offer of securities
would be made pursuant to a definitive Prospectus or Private Placement
Memorandum, as the case may be, prepared by the issuer which could contain
material information not contained herein and to which the prospective
purchasers are referred. In the event of any such offering, this information
shall be deemed superseded, amended and supplemented in its entirety by such
Prospectus or Private Placement Memorandum. Such Prospectus or Private Placement
will contain all material information in respect of any securities offered
thereby and any decision to invest in such securities should be made solely in
reliance upon such Prospectus or Private Placement Memorandum. The information
contained here in may be based on assumptions regarding market conditions and
other matters as reflected therein and is therefore subject to change. We make
no representations regarding the reasonableness of such assumptions or the
likelihood that any of such assumptions will coincide with actual market
conditions or events, and this material should not be relied on for such
purposes. No representation is made that any returns indicated will be achieved.
Changes to the assumptions may have a material impact on any returns detailed.
Morgan Stanley disclaims any and all liability relating to this information,
including without limitation any express or implied representations or
warranties for, statements contained in, and omissions from the information
contained here in. Additional information is available upon request. Morgan
Stanley and others associated with it may have positions in, and may effect
transaction in, securities and instruments of issuers mentioned herein and may
also perform or seek to perform investment banking services for the issuers of
such securities and instruments. Past performance is not necessarily indicative
of future results. Price and availability are subject to change without notice.
Information contained in this material is current as of the date appearing on
this material only. Information in this material regarding any assets backing
any securities discussed herein supercedes all prior information regarding such
assets. Morgan Stanley is acting as the lead underwriter and not acting as agent
for the issuer or its affiliates in connection with the proposed transaction. To
our readers worldwide: In addition, please note that this publication has been
issued by Morgan Stanley, approved by Morgan Stanley International Limited, a
member of The Securities and Futures Authority, and by Morgan Stanley Japan Ltd.
We recommend that such investors obtain the advice of their Morgan Stanley,
Morgan Stanley International or Morgan Stanley Japan Ltd. representative about
the investments concerned. NOT FOR DISTRIBUTION TO PRIVATE CUSTOMERS AS DEFINED
BY THE U.K. SECURITIES AND FUTURES AUTHORITY.
<PAGE>
<TABLE>
<CAPTION>
ARM GROUP III
DISTRIBUTION OF CURRENT MORTGAGE COUPON RATES
AGGREGATE % OF AGGREGATE
RANGE OF CURRENT NUMBER OF PRINCIPAL PRINCIPAL
MORTGAGE COUPON RATES MORTGAGE LOANS BALANCE BALANCE
-------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
7.001 - 8.000% 5 $754,079.39 1.60%
8.001 - 9.000 48 10,228,925.63 21.65
9.001 - 10.000 74 15,922,943.15 33.70
10.001 - 11.000 49 8,569,548.14 18.14
11.001 - 12.000 39 5,905,041.69 12.50
12.001 - 13.000 26 3,153,538.12 6.67
13.001 - 14.000 13 1,263,952.42 2.68
14.001 - 15.000 11 832,754.49 1.76
15.001 - 16.000 10 432,086.81 0.91
16.001 - 17.000 5 183,122.03 0.39
-------------------------------------------------------------------------------------------------------------------------------
TOTAL: 280 $47,245,991.87 100.00%
</TABLE>
Minimum Current Mortgage Coupon Rate: 7.875
Maximum Current Mortgage Coupon Rate: 16.750
Weighted Average Current Mortgage Coupon Rate: 10.251
-------------------------------------------------------------------------------
50
This information is being delivered to a specific number of prospective
sophisticated investors in order to assist them in determining whether they have
an interest in the type of security described herein. It has been prepared
solely for information purposes and is not an offer to buy or sell or a
solicitation of an offer to buy or sell any security or instrument or to
participate in any trading strategy. This material is based on information that
Morgan Stanley & Co. Incorporated ("Morgan Stanley") considers reliable. Morgan
Stanley makes no representation or warranty with respect to the accuracy or
completeness of the information, or with respect to the terms of any future
offer of securities conforming to the terms hereof. Any such offer of securities
would be made pursuant to a definitive Prospectus or Private Placement
Memorandum, as the case may be, prepared by the issuer which could contain
material information not contained herein and to which the prospective
purchasers are referred. In the event of any such offering, this information
shall be deemed superseded, amended and supplemented in its entirety by such
Prospectus or Private Placement Memorandum. Such Prospectus or Private Placement
will contain all material information in respect of any securities offered
thereby and any decision to invest in such securities should be made solely in
reliance upon such Prospectus or Private Placement Memorandum. The information
contained here in may be based on assumptions regarding market conditions and
other matters as reflected therein and is therefore subject to change. We make
no representations regarding the reasonableness of such assumptions or the
likelihood that any of such assumptions will coincide with actual market
conditions or events, and this material should not be relied on for such
purposes. No representation is made that any returns indicated will be achieved.
Changes to the assumptions may have a material impact on any returns detailed.
Morgan Stanley disclaims any and all liability relating to this information,
including without limitation any express or implied representations or
warranties for, statements contained in, and omissions from the information
contained here in. Additional information is available upon request. Morgan
Stanley and others associated with it may have positions in, and may effect
transaction in, securities and instruments of issuers mentioned herein and may
also perform or seek to perform investment banking services for the issuers of
such securities and instruments. Past performance is not necessarily indicative
of future results. Price and availability are subject to change without notice.
Information contained in this material is current as of the date appearing on
this material only. Information in this material regarding any assets backing
any securities discussed herein supercedes all prior information regarding such
assets. Morgan Stanley is acting as the lead underwriter and not acting as agent
for the issuer or its affiliates in connection with the proposed transaction. To
our readers worldwide: In addition, please note that this publication has been
issued by Morgan Stanley, approved by Morgan Stanley International Limited, a
member of The Securities and Futures Authority, and by Morgan Stanley Japan Ltd.
We recommend that such investors obtain the advice of their Morgan Stanley,
Morgan Stanley International or Morgan Stanley Japan Ltd. representative about
the investments concerned. NOT FOR DISTRIBUTION TO PRIVATE CUSTOMERS AS DEFINED
BY THE U.K. SECURITIES AND FUTURES AUTHORITY.
<PAGE>
<TABLE>
<CAPTION>
ARM GROUP III
DISTRIBUTION OF MAXIMUM MORTGAGE COUPON RATES
AGGREGATE % OF AGGREGATE
RANGE OF MAXIMUM NUMBER OF PRINCIPAL PRINCIPAL
MORTGAGE COUPON RATES MORTGAGE LOANS BALANCE BALANCE
-----------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
13.001 - 14.000% 5 $754,079.39 1.60%
14.001 - 15.000 48 10,228,925.63 21.65
15.001 - 16.000 74 15,922,943.15 33.70
16.001 - 17.000 49 8,569,548.14 18.14
17.001 - 18.000 39 5,905,041.69 12.50
18.001 - 19.000 25 3,077,056.63 6.51
19.001 - 20.000 14 1,340,433.91 2.84
20.001 - 21.000 11 832,754.49 1.76
21.001 - 22.000 10 432,086.81 0.91
22.001 - 23.000 5 183,122.03 0.39
-----------------------------------------------------------------------------------------------------------------------------
TOTAL: 280 $47,245,991.87 100.00%
</TABLE>
Minimum Maximum Mortgage Coupon Rate: 13.875
Maximum Maximum Mortgage Coupon Rate: 22.750
Weighted Average Maximum Mortgage Coupon Rate: 16.253
-------------------------------------------------------------------------------
51
This information is being delivered to a specific number of prospective
sophisticated investors in order to assist them in determining whether they
have an interest in the type of security described herein. It has been
prepared solely for information purposes and is not an offer to buy or sell
or a solicitation of an offer to buy or sell any security or instrument or to
participate in any trading strategy. This material is based on information
that Morgan Stanley & Co. Incorporated ("Morgan Stanley") considers reliable.
Morgan Stanley makes no representation or warranty with respect to the
accuracy or completeness of the information, or with respect to the terms of
any future offer of securities conforming to the terms hereof. Any such offer
of securities would be made pursuant to a definitive Prospectus or Private
Placement Memorandum, as the case may be, prepared by the issuer which could
contain material information not contained herein and to which the
prospective purchasers are referred. In the event of any such offering, this
information shall be deemed superseded, amended and supplemented in its
entirety by such Prospectus or Private Placement Memorandum. Such Prospectus
or Private Placement will contain all material information in respect of any
securities offered thereby and any decision to invest in such securities
should be made solely in reliance upon such Prospectus or Private Placement
Memorandum. The information contained here in may be based on assumptions
regarding market conditions and other matters as reflected therein and is
therefore subject to change. We make no representations regarding the
reasonableness of such assumptions or the likelihood that any of such
assumptions will coincide with actual market conditions or events, and this
material should not be relied on for such purposes. No representation is made
that any returns indicated will be achieved. Changes to the assumptions may
have a material impact on any returns detailed. Morgan Stanley disclaims any
and all liability relating to this information, including without limitation
any express or implied representations or warranties for, statements
contained in, and omissions from the information contained here in.
Additional information is available upon request. Morgan Stanley and others
associated with it may have positions in, and may effect transaction in,
securities and instruments of issuers mentioned herein and may also perform
or seek to perform investment banking services for the issuers of such
securities and instruments. Past performance is not necessarily indicative of
future results. Price and availability are subject to change without notice.
Information contained in this material is current as of the date appearing on
this material only. Information in this material regarding any assets backing
any securities discussed herein supercedes all prior information regarding
such assets. Morgan Stanley is acting as the lead underwriter and not acting
as agent for the issuer or its affiliates in connection with the proposed
transaction. To our readers worldwide: In addition, please note that this
publication has been issued by Morgan Stanley, approved by Morgan Stanley
International Limited, a member of The Securities and Futures Authority, and
by Morgan Stanley Japan Ltd. We recommend that such investors obtain the
advice of their Morgan Stanley, Morgan Stanley International or Morgan
Stanley Japan Ltd. representative about the investments concerned. NOT FOR
DISTRIBUTION TO PRIVATE CUSTOMERS AS DEFINED BY THE U.K. SECURITIES AND
FUTURES AUTHORITY.
<PAGE>
<TABLE>
<CAPTION>
ARM GROUP III
DISTRIBUTION OF MINIMUM MORTGAGE COUPON RATES
AGGREGATE % OF AGGREGATE
RANGE OF MINIMUM NUMBER OF PRINCIPAL PRINCIPAL
MORTGAGE COUPON RATES MORTGAGE LOANS BALANCE BALANCE
-----------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
7.001 - 8.000% 5 $754,079.39 1.60%
8.001 - 9.000 48 10,228,925.63 21.65
9.001 - 10.000 74 15,922,943.15 33.70
10.001 - 11.000 49 8,569,548.14 18.14
11.001 - 12.000 39 5,905,041.69 12.50
12.001 - 13.000 26 3,153,538.12 6.67
13.001 - 14.000 13 1,263,952.42 2.68
14.001 - 15.000 11 832,754.49 1.76
15.001 - 16.000 10 432,086.81 0.91
16.001 - 17.000 5 183,122.03 0.39
-----------------------------------------------------------------------------------------------------------------------------
TOTAL: 280 $47,245,991.87 100.00%
</TABLE>
Minimum Minimum Mortgage Coupon Rate: 7.875
Maximum Minimum Mortgage Coupon Rate: 16.750
Weighted Average Minimum Mortgage Coupon Rate: 10.251
-------------------------------------------------------------------------------
52
This information is being delivered to a specific number of prospective
sophisticated investors in order to assist them in determining whether they
have an interest in the type of security described herein. It has been
prepared solely for information purposes and is not an offer to buy or sell
or a solicitation of an offer to buy or sell any security or instrument or to
participate in any trading strategy. This material is based on information
that Morgan Stanley & Co. Incorporated ("Morgan Stanley") considers reliable.
Morgan Stanley makes no representation or warranty with respect to the
accuracy or completeness of the information, or with respect to the terms of
any future offer of securities conforming to the terms hereof. Any such offer
of securities would be made pursuant to a definitive Prospectus or Private
Placement Memorandum, as the case may be, prepared by the issuer which could
contain material information not contained herein and to which the
prospective purchasers are referred. In the event of any such offering, this
information shall be deemed superseded, amended and supplemented in its
entirety by such Prospectus or Private Placement Memorandum. Such Prospectus
or Private Placement will contain all material information in respect of any
securities offered thereby and any decision to invest in such securities
should be made solely in reliance upon such Prospectus or Private Placement
Memorandum. The information contained here in may be based on assumptions
regarding market conditions and other matters as reflected therein and is
therefore subject to change. We make no representations regarding the
reasonableness of such assumptions or the likelihood that any of such
assumptions will coincide with actual market conditions or events, and this
material should not be relied on for such purposes. No representation is made
that any returns indicated will be achieved. Changes to the assumptions may
have a material impact on any returns detailed. Morgan Stanley disclaims any
and all liability relating to this information, including without limitation
any express or implied representations or warranties for, statements
contained in, and omissions from the information contained here in.
Additional information is available upon request. Morgan Stanley and others
associated with it may have positions in, and may effect transaction in,
securities and instruments of issuers mentioned herein and may also perform
or seek to perform investment banking services for the issuers of such
securities and instruments. Past performance is not necessarily indicative of
future results. Price and availability are subject to change without notice.
Information contained in this material is current as of the date appearing on
this material only. Information in this material regarding any assets backing
any securities discussed herein supercedes all prior information regarding
such assets. Morgan Stanley is acting as the lead underwriter and not acting
as agent for the issuer or its affiliates in connection with the proposed
transaction. To our readers worldwide: In addition, please note that this
publication has been issued by Morgan Stanley, approved by Morgan Stanley
International Limited, a member of The Securities and Futures Authority, and
by Morgan Stanley Japan Ltd. We recommend that such investors obtain the
advice of their Morgan Stanley, Morgan Stanley International or Morgan
Stanley Japan Ltd. representative about the investments concerned. NOT FOR
DISTRIBUTION TO PRIVATE CUSTOMERS AS DEFINED BY THE U.K. SECURITIES AND
FUTURES AUTHORITY.
<PAGE>
ARM GROUP III
DISTRIBUTION OF MARGINS
<TABLE>
<CAPTION>
AGGREGATE % OF AGGREGATE
RANGE OF NUMBER OF PRINCIPAL PRINCIPAL
MARGINS MORTGAGE LOANS BALANCE BALANCE
--------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
3.001 - 4.000 2 $651,804.16 1.38%
4.001 - 5.000 16 1,656,155.07 3.51
5.001 - 6.000 113 18,971,665.83 40.16
6.001 - 7.000 104 20,581,307.72 43.56
7.001 - 8.000 22 3,738,272.44 7.91
8.001 - 9.000 15 1,308,002.58 2.77
9.001 - 10.000 8 338,784.07 0.72
--------------------------------------------------------------------------------------------------------------------------------
TOTAL: 280 $47,245,991.87 100.00%
</TABLE>
Minimum Margin: 3.905
Maximum Margin: 9.250
Weighted Average Margin: 6.176
ARM GROUP III
DISTRIBUTION OF INITIAL INTEREST RATE ADJUSTMENT CAPS
<TABLE>
<CAPTION>
AGGREGATE % OF AGGREGATE
INITIAL INTEREST RATE NUMBER OF PRINCIPAL PRINCIPAL
ADJUSTMENT CAP MORTGAGE LOANS BALANCE BALANCE
--------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
1.000% 1 $331,107.00 0.70%
2.000 19 2,517,959.25 5.33
3.000 260 44,396,925.62 93.97
--------------------------------------------------------------------------------------------------------------------------------
TOTAL: 280 $47,245,991.87 100.00%
</TABLE>
Minimum Initial Interest Rate Adjustment Cap: 1.000%
Maximum Initial Interest Rate Adjustment Cap: 3.000%
Weighted Average Initial Interest Rate Adjustment Cap: 2.933%
--------------------------------------------------------------------------------
53
This information is being delivered to a specific number of prospective
sophisticated investors in order to assist them in determining whether they
have an interest in the type of security described herein. It has been
prepared solely for information purposes and is not an offer to buy or sell
or a solicitation of an offer to buy or sell any security or instrument or to
participate in any trading strategy. This material is based on information
that Morgan Stanley & Co. Incorporated ("Morgan Stanley") considers reliable.
Morgan Stanley makes no representation or warranty with respect to the
accuracy or completeness of the information, or with respect to the terms of
any future offer of securities conforming to the terms hereof. Any such offer
of securities would be made pursuant to a definitive Prospectus or Private
Placement Memorandum, as the case may be, prepared by the issuer which could
contain material information not contained herein and to which the
prospective purchasers are referred. In the event of any such offering, this
information shall be deemed superseded, amended and supplemented in its
entirety by such Prospectus or Private Placement Memorandum. Such Prospectus
or Private Placement will contain all material information in respect of any
securities offered thereby and any decision to invest in such securities
should be made solely in reliance upon such Prospectus or Private Placement
Memorandum. The information contained here in may be based on assumptions
regarding market conditions and other matters as reflected therein and is
therefore subject to change. We make no representations regarding the
reasonableness of such assumptions or the likelihood that any of such
assumptions will coincide with actual market conditions or events, and this
material should not be relied on for such purposes. No representation is made
that any returns indicated will be achieved. Changes to the assumptions may
have a material impact on any returns detailed. Morgan Stanley disclaims any
and all liability relating to this information, including without limitation
any express or implied representations or warranties for, statements
contained in, and omissions from the information contained here in.
Additional information is available upon request. Morgan Stanley and others
associated with it may have positions in, and may effect transaction in,
securities and instruments of issuers mentioned herein and may also perform
or seek to perform investment banking services for the issuers of such
securities and instruments. Past performance is not necessarily indicative of
future results. Price and availability are subject to change without notice.
Information contained in this material is current as of the date appearing on
this material only. Information in this material regarding any assets backing
any securities discussed herein supercedes all prior information regarding
such assets. Morgan Stanley is acting as the lead underwriter and not acting
as agent for the issuer or its affiliates in connection with the proposed
transaction. To our readers worldwide: In addition, please note that this
publication has been issued by Morgan Stanley, approved by Morgan Stanley
International Limited, a member of The Securities and Futures Authority, and
by Morgan Stanley Japan Ltd. We recommend that such investors obtain the
advice of their Morgan Stanley, Morgan Stanley International or Morgan
Stanley Japan Ltd. representative about the investments concerned. NOT FOR
DISTRIBUTION TO PRIVATE CUSTOMERS AS DEFINED BY THE U.K. SECURITIES AND
FUTURES AUTHORITY.
<PAGE>
ARM GROUP III
DISTRIBUTION OF ANNUAL INTEREST RATE ADJUSTMENT CAPS
<TABLE>
<CAPTION>
AGGREGATE % OF AGGREGATE
ANNUAL INTEREST RATE NUMBER OF PRINCIPAL PRINCIPAL
ADJUSTMENT CAP MORTGAGE LOANS BALANCE BALANCE
--------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
1.000% 280 $47,245,991.87 100.00%
--------------------------------------------------------------------------------------------------------------------------------
TOTAL: 280 $47,245,991.87 100.00%
</TABLE>
Minimum Annual Interest Rate Adjustment Cap: 1.000%
Maximum Annual Interest Rate Adjustment Cap: 1.000%
Weighted Average Annual Interest Rate Adjustment Cap: 1.000%
--------------------------------------------------------------------------------
54
This information is being delivered to a specific number of prospective
sophisticated investors in order to assist them in determining whether they
have an interest in the type of security described herein. It has been
prepared solely for information purposes and is not an offer to buy or sell
or a solicitation of an offer to buy or sell any security or instrument or to
participate in any trading strategy. This material is based on information
that Morgan Stanley & Co. Incorporated ("Morgan Stanley") considers reliable.
Morgan Stanley makes no representation or warranty with respect to the
accuracy or completeness of the information, or with respect to the terms of
any future offer of securities conforming to the terms hereof. Any such offer
of securities would be made pursuant to a definitive Prospectus or Private
Placement Memorandum, as the case may be, prepared by the issuer which could
contain material information not contained herein and to which the
prospective purchasers are referred. In the event of any such offering, this
information shall be deemed superseded, amended and supplemented in its
entirety by such Prospectus or Private Placement Memorandum. Such Prospectus
or Private Placement will contain all material information in respect of any
securities offered thereby and any decision to invest in such securities
should be made solely in reliance upon such Prospectus or Private Placement
Memorandum. The information contained here in may be based on assumptions
regarding market conditions and other matters as reflected therein and is
therefore subject to change. We make no representations regarding the
reasonableness of such assumptions or the likelihood that any of such
assumptions will coincide with actual market conditions or events, and this
material should not be relied on for such purposes. No representation is made
that any returns indicated will be achieved. Changes to the assumptions may
have a material impact on any returns detailed. Morgan Stanley disclaims any
and all liability relating to this information, including without limitation
any express or implied representations or warranties for, statements
contained in, and omissions from the information contained here in.
Additional information is available upon request. Morgan Stanley and others
associated with it may have positions in, and may effect transaction in,
securities and instruments of issuers mentioned herein and may also perform
or seek to perform investment banking services for the issuers of such
securities and instruments. Past performance is not necessarily indicative of
future results. Price and availability are subject to change without notice.
Information contained in this material is current as of the date appearing on
this material only. Information in this material regarding any assets backing
any securities discussed herein supercedes all prior information regarding
such assets. Morgan Stanley is acting as the lead underwriter and not acting
as agent for the issuer or its affiliates in connection with the proposed
transaction. To our readers worldwide: In addition, please note that this
publication has been issued by Morgan Stanley, approved by Morgan Stanley
International Limited, a member of The Securities and Futures Authority, and
by Morgan Stanley Japan Ltd. We recommend that such investors obtain the
advice of their Morgan Stanley, Morgan Stanley International or Morgan
Stanley Japan Ltd. representative about the investments concerned. NOT FOR
DISTRIBUTION TO PRIVATE CUSTOMERS AS DEFINED BY THE U.K. SECURITIES AND
FUTURES AUTHORITY.
<PAGE>
ARM GROUP III
DISTRIBUTION BY NEXT INTEREST ADJUSTMENT DATE
<TABLE>
<CAPTION>
AGGREGATE % OF AGGREGATE
NEXT INTEREST NUMBER OF PRINCIPAL PRINCIPAL
ADJUSTMENT DATE MORTGAGE LOANS BALANCE BALANCE
-----------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
February, 2002 1 $321,590.05 0.68%
May, 2002 1 342,969.80 0.73
July, 2002 2 588,102.14 1.24
August, 2002 2 282,336.34 0.60
September, 2002 13 1,811,057.50 3.83
October, 2002 59 8,202,333.50 17.36
November, 2002 54 11,205,471.31 23.72
December, 2002 11 1,402,355.00 2.97
February, 2003 1 306,692.20 0.65
June, 2003 1 330,151.08 0.70
August, 2003 2 414,539.83 0.88
September, 2003 23 4,607,892.03 9.75
October, 2003 48 6,600,887.03 13.97
November, 2003 50 8,529,514.06 18.05
December, 2003 12 2,300,100.00 4.87
-----------------------------------------------------------------------------------------------------------------------------
TOTAL: 280 $47,245,991.87 100.00%
</TABLE>
--------------------------------------------------------------------------------
55
This information is being delivered to a specific number of prospective
sophisticated investors in order to assist them in determining whether they
have an interest in the type of security described herein. It has been
prepared solely for information purposes and is not an offer to buy or sell
or a solicitation of an offer to buy or sell any security or instrument or to
participate in any trading strategy. This material is based on information
that Morgan Stanley & Co. Incorporated ("Morgan Stanley") considers reliable.
Morgan Stanley makes no representation or warranty with respect to the
accuracy or completeness of the information, or with respect to the terms of
any future offer of securities conforming to the terms hereof. Any such offer
of securities would be made pursuant to a definitive Prospectus or Private
Placement Memorandum, as the case may be, prepared by the issuer which could
contain material information not contained herein and to which the
prospective purchasers are referred. In the event of any such offering, this
information shall be deemed superseded, amended and supplemented in its
entirety by such Prospectus or Private Placement Memorandum. Such Prospectus
or Private Placement will contain all material information in respect of any
securities offered thereby and any decision to invest in such securities
should be made solely in reliance upon such Prospectus or Private Placement
Memorandum. The information contained here in may be based on assumptions
regarding market conditions and other matters as reflected therein and is
therefore subject to change. We make no representations regarding the
reasonableness of such assumptions or the likelihood that any of such
assumptions will coincide with actual market conditions or events, and this
material should not be relied on for such purposes. No representation is made
that any returns indicated will be achieved. Changes to the assumptions may
have a material impact on any returns detailed. Morgan Stanley disclaims any
and all liability relating to this information, including without limitation
any express or implied representations or warranties for, statements
contained in, and omissions from the information contained here in.
Additional information is available upon request. Morgan Stanley and others
associated with it may have positions in, and may effect transaction in,
securities and instruments of issuers mentioned herein and may also perform
or seek to perform investment banking services for the issuers of such
securities and instruments. Past performance is not necessarily indicative of
future results. Price and availability are subject to change without notice.
Information contained in this material is current as of the date appearing on
this material only. Information in this material regarding any assets backing
any securities discussed herein supercedes all prior information regarding
such assets. Morgan Stanley is acting as the lead underwriter and not acting
as agent for the issuer or its affiliates in connection with the proposed
transaction. To our readers worldwide: In addition, please note that this
publication has been issued by Morgan Stanley, approved by Morgan Stanley
International Limited, a member of The Securities and Futures Authority, and
by Morgan Stanley Japan Ltd. We recommend that such investors obtain the
advice of their Morgan Stanley, Morgan Stanley International or Morgan
Stanley Japan Ltd. representative about the investments concerned. NOT FOR
DISTRIBUTION TO PRIVATE CUSTOMERS AS DEFINED BY THE U.K. SECURITIES AND
FUTURES AUTHORITY.
<PAGE>
<TABLE>
<CAPTION>
CLOSED REPLINES
LINE TYPE CURRENT NET SERVICING WAC SEASONING
# BALANCE COUPON
<S> <C> <C> <C> <C> <C> <C>
1 FRM 10,610,346.69 10.47975 0.55657 11.03632 0
2 FRM 43,655,372.95 10.13146 0.72702 10.85848 1
3 FRM 58,868,483.70 10.18164 0.73935 10.92099 0
4 FRM 103,540.12 10.92587 0.5 11.42587 62
5 ARM-Conforming 11,717,784.00 10.11341 0.7369 10.85031 0
6 ARM-Conforming 4,453,313.00 8.89584 1.13912 10.03496 0
7 ARM-Conforming 64,915,929.00 8.89155 1.28922 10.18077 1
8 ARM-Conforming 68,599,452.16 9.70479 1.09935 10.80414 2
9 ARM-Conforming 53,280,004.80 10.03921 1.04799 11.0872 0
10 ARM - Non-conforming 2,300,100.00 9.83946 0.5 10.33946 0
11 ARM - Non-conforming 1,402,355.00 10.80144 0.5 11.30144 0
12 ARM - Non-conforming 23,060,552.84 8.99805 0.86493 9.86298 1
13 ARM - Non-conforming 11,953,469.97 9.3303 1.08719 10.41749 2
14 ARM - Non-conforming 8,529,514.06 10.21597 0.65358 10.86955 0
CLOSED LOAN TOTAL 363,450,218.29
<CAPTION>
LINE TYPE WAM ORIG GROSS INDEX NAME NEXT RATE
# TERM MARGIN RATE RESET
RESET FREQ
<S> <C> <C> <C> <C> <C> <C> <C>
1 FRM 326 326
2 FRM 336 337
3 FRM 330 330
4 FRM 293 355
5 ARM-Conforming 361 361 6.39927 _6MonthLIBOR 37 6
6 ARM-Conforming 361 361 6.03705 _6MonthLIBOR 25 6
7 ARM-Conforming 358 359 6.07312 _6MonthLIBOR 23 6
8 ARM-Conforming 357 359 6.3207 _6MonthLIBOR 34 6
9 ARM-Conforming 357 357 6.30834 _6MonthLIBOR 36 6
10 ARM - Non-conforming 357 357 6.11066 _6MonthLIBOR 37 6
11 ARM - Non-conforming 351 351 6.42729 _6MonthLIBOR 25 6
12 ARM - Non-conforming 357 358 6.02958 _6MonthLIBOR 23 6
13 ARM - Non-conforming 354 356 6.43092 _6MonthLIBOR 34 6
14 ARM - Non-conforming 359 359 6.18899 _6MonthLIBOR 36 6
</TABLE>
<TABLE>
<CAPTION>
LINE TYPE CURRENT NET SERVICING WAC SEASONING
# BALANCE COUPON
<S> <C> <C> <C> <C> <C> <C>
PREFUNDED REPLINES
15 FRM 31,639,183.45 10.47975 0.55657 11.03632 0
16 ARM-Conforming 37,327,727.36 10.11341 0.7369 10.85031 0
17 ARM - Non-conforming 6,365,705.93 9.83946 0.5 10.33946 0
18 ARM-Conforming 19,382,108.00 8.89584 1.13912 10.03496 0
19 ARM - Non-conforming 6,835,056.97 10.80144 0.5 11.30144 0
CLOSED LOAN TOTAL 101,549,781.71
REP LINE TOTALS 465,000,000.00
<CAPTION>
LINE TYPE WAM(1) ORIG(1) GROSS INDEX NAME NEXT(1) RATE(1)
# TERM MARGIN RATE RESET
RESET FREQ
<S> <C> <C> <C> <C> <C> <C> <C>
15 FRM 327 327
16 ARM-Conforming 362 362 6.37785 38 6
17 ARM - Non-conforming 358 358 6.37785 38 6
18 ARM-Conforming 362 362 6.11142 26 6
19 ARM - Non-conforming 352 352 6.11142 26 6
</TABLE>
NOTES
1) AS OF ORIGINAL DATE WHICH IS
1 MONTH PRIOR TO THE PREFUNDING DATE
<PAGE>
<TABLE>
<CAPTION>
CLOSED REPLINES
LINE TYPE GROSS GROSS CURRENT CURRENT NEXT NEXT NEXT PER NEXT
# LIFE LIFE PER RATE PER RATE PER RATE PER RATE RATE CAP PAY
FLOOR CAP FLOOR CAP FLOOR CAP RESET RESET
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
1 FRM
2 FRM
3 FRM
4 FRM
5 ARM-Conforming 10.8503 16.8503 3 3 1 1 38 37
6 ARM-Conforming 10.03496 16.03496 3 3 1 1 26 25
7 ARM-Conforming 10.18077 16.19024 2.98367 2.98367 1.00319 1.00319 24 23
8 ARM-Conforming 10.80414 16.80414 2.97884 2.97884 1 1 35 34
9 ARM-Conforming 11.0872 17.0872 2.997 2.997 1 1 37 36
10 ARM - Non-conforming 10.33946 16.33946 3 3 1 1 38 37
11 ARM - Non-conforming 11.30144 17.30144 3 3 1 1 26 25
12 ARM - Non-conforming 9.86298 15.8663 2.88329 2.88329 1 1 24 23
13 ARM - Non-conforming 10.41749 16.41749 2.97985 2.97985 1 1 35 34
14 ARM - Non-conforming 10.86955 16.86955 2.97092 2.97092 1 1 37 36
CLOSED LOAN TOTAL
</TABLE>
<TABLE>
<CAPTION>
LINE TYPE GROSS GROSS CURRENT CURRENT NEXT NEXT NEXT PER(1) NEXT(1)
# LIFE LIFE PER RATE PER RATE PER RATE PER RATE RATE CAP PAY
FLOOR CAP FLOOR CAP FLOOR CAP RESET RESET
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
PREFUNDED REPLINES
15 FRM
16 ARM-Conforming 10.77417 16.77417 3 3 1 1 39 38
17 ARM - Non-conforming 10.77417 16.77417 3 3 1 1 39 38
18 ARM-Conforming 10.59787 16.59787 3 3 1 1 27 26
19 ARM - Non-conforming 10.59787 16.59787 3 3 1 1 27 26
CLOSED LOAN TOTAL
REP LINE TOTALS
</TABLE>
<PAGE>
MORGAN STANLEY DEAN WITTER
AAMES 2000-2 CONFIDENTIAL FOR INTERNAL USE ONLY
AS OF 11/29/00
ORIGINAL POOL; 2000 LIMIT NON-CONFORMING ARMS OR CONFORMING SECTION 32 ARMS
280 RECORDS
BALANCE: 47,245,992
--------------------------------------------------------------------------------
SELECTION CRITERIA: ORIGINAL POOL; 2000 LIMIT NON-CONFORMING ARMS OR CONFORMING
SECTION 32 ARMS
TABLE OF CONTENTS
1
SUMMARY STATISTICS
2
SUMMARY STATISTICS - ARMS
3
CURRENT MORTGAGE RATES (%)
4
ORIGINAL MORTGAGE LOAN PRINCIPAL BALANCE ($)
5
CURRENT MORTGAGE LOAN PRINCIPAL BALANCE ($)
6
ORIGINAL LOAN-TO-VALUE RATIO (%)
7
CURRENT LOAN-TO-VALUE RATIO (%)
8
COMB ORIG LOAN-TO-VALUE RATIO (%)-INCLUDES SUB LIENS
9
COMB ORIG LOAN-TO-VALUE RATIO (%)-DOESN'T INCLUDE SUB LIENS
10
LIEN POSITION
11
80>LENDER PAID MI COMPANY, CURRENT LTV>80
12
SECTION 32
13
ADJUSTMENT TYPE
14
BALLOON
15
ORIGINAL TERM
16
SEASONING
17
REMAINING TERM TO STATED MATURITY
18
MONTHS DELINQUENT
19
GEOGRAPHIC DISTRIBUTION BY STATE
20
TOP 10 GEOGRAPHIC DISTRIBUTION BY BALANCE
<PAGE>
21
PROPERTY TYPE
22
NUMBER OF UNITS
23
OCCUPANCY
24
PURPOSE
25
DOCUMENTATION LEVEL
26
FICO SCORE
27
PREPAYMENT PENALTY
28
PRODUCT
29
INDEX TYPE
30
MARGIN (%)
31
INITIAL PERIODIC CAP (%)
32
PERIODIC CAP (%)
33
LIFETIME RATE CAP (%)
34
MAXIMUM MORTGAGE RATES (%)
35
NEXT RATE ADJUSTMENT DATE
36
MONTHS TO NEXT RATE ADJUSTMENT
37
CONFORMING BALANCE 2000 LIMITS
-------------------------------------------------------------------------------
1. SUMMARY STATISTICS
Number of Mortgage Loans: 280
Total Current Balance: 47,245,991.87
Maximum Balance: 500,000.00
Minimum Balance: 20,927.75
Average Current Balance: 168,735.69
Total Original Balance: 47,271,110.00
Weighted Average Coupon: 10.251
Weighted Average Total Servicing(includes LPMI): 0.695
Weighted Average Net Coupon: 9.556
Maximum Coupon: 16.750
Minimum Coupon: 7.875
Weighted Average Original Term: 357.651
Weighted Average Original Amortized Term: 357.651
<PAGE>
Weighted Average Stated Remaining Term: 356.774
Weighted Average Amortized Remaining Term: 356.523
Weighted Average Seasoning: 0.877
Weighted Average Original LTV-calc: 74.40
Weighted Average Current LTV-calc: 74.36
Weighted Average Combined Original LTV-excludes subordinate liens: 74.42
Weighted Average Combined Original LTV-includes subordinate liens: 74.51
Top 5 States: CA(52.1%),FL(7.1%),MI(6.1%),WA(4.7%),GA(3.1%)
TOP
--------------------------------------------------------------------------------
2. SUMMARY STATISTICS - ARMS
Number of Mortgage Loans: 280
Total Current Balance: 47,245,991.87
Maximum Balance: 500,000.00
Minimum Balance: 20,927.75
Average Current Balance: 168,736
Total Original Balance: 47,271,110
Weighted Average Coupon: 10.251
Weighted Average Total Servicing(includes LPMI): 0.695
Weighted Average Net Coupon: 9.556
Maximum Coupon: 16.750
Minimum Coupon: 7.875
Weighted Average Margin: 6.176
Weighted Average Maximum Rate: 16.253
Weighted Average Months to Roll: 29
Weighted Average Original Term: 357.651
Weighted Average Original Amortized Term: 357.651
Weighted Average Stated Remaining Term: 356.774
Weighted Average Amortized Remaining Term: 356.523
Weighted Average Seasoning: 0.877
Weighted Average Original LTV-calc: 74.40
Weighted Average Current LTV-calc: 74.36
Weighted Average Combined Original LTV-excludes subordinate liens: 74.42
Weighted Average Combined Original LTV-includes subordinate liens: 74.51
Top 5 States: CA(52.1%),FL(7.1%),MI(6.1%),WA(4.7%),GA(3.1%)
TOP
-------------------------------------------------------------------------------
3. CURRENT MORTGAGE RATES (%)
<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------------------
% OF WTD
NUMBER TOTAL TOTAL AVG WTD WTD AVG
OF CURRENT CURRENT CURRENT AVG AVG MAX
CURRENT MORTGAGE RATES (%) LOANS BALANCE BALANCE BALANCE COUPON MARGIN RATE
-------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
7.001 - 8.000 5 754,079.39 1.6 150,816 7.979 5.554 13.98
-------------------------------------------------------------------------------------------------------
8.001 - 9.000 48 10,228,925.63 21.65 213,103 8.715 5.574 14.72
-------------------------------------------------------------------------------------------------------
9.001 - 10.000 74 15,922,943.15 33.7 215,175 9.636 6.024 15.64
-------------------------------------------------------------------------------------------------------
10.001 - 11.000 49 8,569,548.14 18.14 174,889 10.491 6.314 16.49
-------------------------------------------------------------------------------------------------------
11.001 - 12.000 39 5,905,041.69 12.5 151,411 11.46 6.546 17.46
-------------------------------------------------------------------------------------------------------
12.001 - 13.000 26 3,153,538.12 6.67 121,290 12.515 6.359 18.54
-------------------------------------------------------------------------------------------------------
13.001 - 14.000 13 1,263,952.42 2.68 97,227 13.264 7.598 19.26
-------------------------------------------------------------------------------------------------------
14.001 - 15.000 11 832,754.49 1.76 75,705 14.639 8.529 20.64
-------------------------------------------------------------------------------------------------------
15.001 >= 15 615,208.84 1.3 41,014 15.797 8.331 21.8
-------------------------------------------------------------------------------------------------------
TOTAL: 280 47,245,991.87 100 168,736 10.251 6.176 16.25
-------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
WTD WTD
AVG AVG
WTD WTD COMB COMB
AVG WTD AVG WTD WTD ORIG ORIG
MOS AVG STATED WTD AVG AVG LTV LTV
TO ORIG REMAIN AVG ORIG CURR EXCLUDES INCLUDES
CURRENT MORTGAGE RATES (%) ROLL TERM TERM AGE LTV LTV JR LIENS JR LIENS
------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
7.001 - 8.000 23 360 359.2 0.8 69.3 69.3 69.34 69.32
-----------------------------------------------------------------------------------------------
8.001 - 9.000 28 356.3 355.5 0.8 70.2 70.1 70.18 70.24
-----------------------------------------------------------------------------------------------
9.001 - 10.000 28 358.9 357.9 0.9 77.1 77.1 77.14 77.22
-----------------------------------------------------------------------------------------------
10.001 - 11.000 29 353.6 353 0.5 78.9 78.9 79 78.97
-----------------------------------------------------------------------------------------------
11.001 - 12.000 30 360 358.3 1.7 72.7 72.6 72.73 72.85
-----------------------------------------------------------------------------------------------
12.001 - 13.000 32 360 359.4 0.6 73.1 73 73.1 73.46
-----------------------------------------------------------------------------------------------
13.001 - 14.000 34 360 359.6 0.4 71.1 71.1 71.08 71.07
-----------------------------------------------------------------------------------------------
14.001 - 15.000 28 360 359.3 0.7 63.7 63.7 63.71 64.63
-----------------------------------------------------------------------------------------------
15.001 >= 29 360 359.5 0.5 61.4 61.4 61.45 61.43
-----------------------------------------------------------------------------------------------
TOTAL: 29 357.7 356.8 0.9 74.4 74.4 74.42 74.51
-----------------------------------------------------------------------------------------------
</TABLE>
Minimum: 7.8750
Maximum: 16.7500
Weighted Average: 10.2509
TOP
--------------------------------------------------------------------------------
4. ORIGINAL MORTGAGE LOAN PRINCIPAL BALANCE ($)
<TABLE>
<CAPTION>
----------------------------------------------------------------------------------------------------
% OF WTD
NUMBER TOTAL TOTAL AVG WTD WTD AVG
ORIGINAL MORTGAGE LOAN OF CURRENT CURRENT CURRENT AVG AVG MAX
PRINCIPAL BALANCE ($) LOANS BALANCE BALANCE BALANCE COUPON MARGIN RATE
--------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
< = 50,000 83 2,943,682.10 6.23 35,466 12.313 6.415 18.31
----------------------------------------------------------------------------------------------------
50,001 - 75,000 37 2,251,416.54 4.77 60,849 11.226 6.498 17.23
----------------------------------------------------------------------------------------------------
75,001 - 100,000 22 1,923,376.57 4.07 87,426 9.65 6.167 15.69
----------------------------------------------------------------------------------------------------
100,001 - 125,000 11 1,227,493.86 2.6 111,590 9.168 6.004 15.17
----------------------------------------------------------------------------------------------------
125,001 - 150,000 5 682,661.81 1.44 136,532 8.9 5.653 14.9
----------------------------------------------------------------------------------------------------
150,001 - 175,000 3 473,308.97 1 157,770 8.868 6.266 14.87
----------------------------------------------------------------------------------------------------
175,001 - 200,000 1 179,902.27 0.38 179,902 8.98 5.25 14.98
----------------------------------------------------------------------------------------------------
200,001 - 225,000 1 208,301.70 0.44 208,302 9.45 5.75 15.45
----------------------------------------------------------------------------------------------------
225,001 - 250,000 1 248,000.00 0.52 248,000 8.99 5.375 14.99
----------------------------------------------------------------------------------------------------
250,001 >= 116 37,107,848.05 78.54 319,895 10.157 6.164 16.16
----------------------------------------------------------------------------------------------------
TOTAL: 280 47,245,991.87 100 168,736 10.251 6.176 16.25
----------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
-------------------------------------------------------------------------------------------------
WTD WTD
AVG AVG
WTD WTD COMB COMB
AVG WTD AVG WTD WTD ORIG ORIG
MOS AVG STATED WTD AVG AVG LTV LTV
ORIGINAL MORTGAGE LOAN TO ORIG REMAIN AVG ORIG CURR EXCLUDES INCLUDES
PRINCIPAL BALANCE ($) ROLL TERM TERM AGE LTV LTV JR LIENS JR LIENS
-----------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
< = 50,000 30 353.5 352.9 0.6 64.1 64.1 64.15 64.13
----------------------------------------------------------------------------------------------
50,001 - 75,000 29 355.8 354.8 1 69.4 69.3 69.4 69.55
----------------------------------------------------------------------------------------------
75,001 - 100,000 27 352.8 352.1 0.8 76.7 76.6 76.7 77.02
----------------------------------------------------------------------------------------------
100,001 - 125,000 24 342.2 341.2 1 65.5 65.4 65.49 65.46
----------------------------------------------------------------------------------------------
125,001 - 150,000 23 360 359 1 71 70.9 71 70.96
----------------------------------------------------------------------------------------------
150,001 - 175,000 31 360 358.7 1.3 56.4 56.3 56.41 56.38
----------------------------------------------------------------------------------------------
175,001 - 200,000 23 360 359 1 66.7 66.6 66.7 66.67
----------------------------------------------------------------------------------------------
200,001 - 225,000 21 360 357 3 74.5 74.4 74.6 74.54
----------------------------------------------------------------------------------------------
225,001 - 250,000 36 360 360 0 68 68 68 67.95
----------------------------------------------------------------------------------------------
250,001 >= 29 358.7 357.9 0.9 76.1 76 76.09 76.18
----------------------------------------------------------------------------------------------
TOTAL: 29 357.7 356.8 0.9 74.4 74.4 74.42 74.51
----------------------------------------------------------------------------------------------
</TABLE>
Minimum: 20,930
Maximum: 500,000
Average: 168,825
Total: 47,271,110.00
TOP
<PAGE>
--------------------------------------------------------------------------------
5. CURRENT MORTGAGE LOAN PRINCIPAL BALANCE ($)
<TABLE>
<CAPTION>
----------------------------------------------------------------------------------------------------
% OF WTD
NUMBER TOTAL TOTAL AVG WTD WTD AVG
CURRENT MORTGAGE LOAN OF CURRENT CURRENT CURRENT AVG AVG MAX
PRINCIPAL BALANCE ($) LOANS BALANCE BALANCE BALANCE COUPON MARGIN RATE
--------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
< = 50,000 83 2,943,682.10 6.23 35,466 12.313 6.415 18.31
----------------------------------------------------------------------------------------------------
50,000.01 - 75,000.00 37 2,251,416.54 4.77 60,849 11.226 6.498 17.23
----------------------------------------------------------------------------------------------------
75,000.01 - 100,000.00 22 1,923,376.57 4.07 87,426 9.65 6.167 15.69
----------------------------------------------------------------------------------------------------
100,000.01 - 125,000.00 11 1,227,493.86 2.6 111,590 9.168 6.004 15.17
----------------------------------------------------------------------------------------------------
125,000.01 - 150,000.00 5 682,661.81 1.44 136,532 8.9 5.653 14.9
----------------------------------------------------------------------------------------------------
150,000.01 - 175,000.00 3 473,308.97 1 157,770 8.868 6.266 14.87
----------------------------------------------------------------------------------------------------
175,000.01 - 200,000.00 1 179,902.27 0.38 179,902 8.98 5.25 14.98
----------------------------------------------------------------------------------------------------
200,000.01 - 225,000.00 1 208,301.70 0.44 208,302 9.45 5.75 15.45
----------------------------------------------------------------------------------------------------
225,000.01 - 250,000.00 1 248,000.00 0.52 248,000 8.99 5.375 14.99
----------------------------------------------------------------------------------------------------
250,000.01 > = 116 37,107,848.05 78.54 319,895 10.157 6.164 16.16
----------------------------------------------------------------------------------------------------
TOTAL: 280 47,245,991.87 100 168,736 10.251 6.176 16.25
----------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
----------------------------------------------------------------------------------------------------
WTD WTD
AVG AVG
WTD WTD COMB COMB
AVG WTD AVG WTD WTD ORIG ORIG
MOS AVG STATED WTD AVG AVG LTV LTV
CURRENT MORTGAGE LOAN TO ORIG REMAIN AVG ORIG CURR EXCLUDES INCLUDES
PRINCIPAL BALANCE ($) ROLL TERM TERM AGE LTV LTV JR LIENS JR LIENS
----------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
< = 50,000 30 353.5 352.9 0.6 64.1 64.1 64.15 64.13
----------------------------------------------------------------------------------------------------
50,000.01 - 75,000.00 29 355.8 354.8 1 69.4 69.3 69.4 69.55
----------------------------------------------------------------------------------------------------
75,000.01 - 100,000.00 27 352.8 352.1 0.8 76.7 76.6 76.7 77.02
----------------------------------------------------------------------------------------------------
100,000.01 - 125,000.00 24 342.2 341.2 1 65.5 65.4 65.49 65.46
----------------------------------------------------------------------------------------------------
125,000.01 - 150,000.00 23 360 359 1 71 70.9 71 70.96
----------------------------------------------------------------------------------------------------
150,000.01 - 175,000.00 31 360 358.7 1.3 56.4 56.3 56.41 56.38
----------------------------------------------------------------------------------------------------
175,000.01 - 200,000.00 23 360 359 1 66.7 66.6 66.7 66.67
----------------------------------------------------------------------------------------------------
200,000.01 - 225,000.00 21 360 357 3 74.5 74.4 74.6 74.54
----------------------------------------------------------------------------------------------------
225,000.01 - 250,000.00 36 360 360 0 68 68 68 67.95
----------------------------------------------------------------------------------------------------
250,000.01 > = 29 358.7 357.9 0.9 76.1 76 76.09 76.18
----------------------------------------------------------------------------------------------------
TOTAL: 29 357.7 356.8 0.9 74.4 74.4 74.42 74.51
----------------------------------------------------------------------------------------------------
</TABLE>
Minimum: 20,928
Maximum: 500,000
Average: 168,736
<PAGE>
TOP
--------------------------------------------------------------------------------
6. ORIGINAL LOAN-TO-VALUE RATIO (%)
<TABLE>
<CAPTION>
---------------------------------------------------------------------------------------------------
% OF WTD
NUMBER TOTAL TOTAL AVG WTD WTD AVG
ORIGINAL OF CURRENT CURRENT CURRENT AVG AVG MAX
LOAN-TO-VALUE RATIO (%) LOANS BALANCE BALANCE BALANCE COUPON MARGIN RATE
-------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
< = 50.00 27 2,254,335.65 4.77 83,494 10.179 6.133 16.18
---------------------------------------------------------------------------------------------------
50.01 - 60.00 23 2,453,318.12 5.19 106,666 10.272 6.269 16.27
---------------------------------------------------------------------------------------------------
60.01 - 70.00 72 9,854,966.76 20.86 136,875 10.712 6.313 16.71
---------------------------------------------------------------------------------------------------
70.01 - 75.00 46 8,296,043.86 17.56 180,349 10.408 6.271 16.42
---------------------------------------------------------------------------------------------------
75.01 - 80.00 71 16,223,336.48 34.34 228,498 9.89 6.035 15.89
---------------------------------------------------------------------------------------------------
80.01 - 85.00 19 2,862,214.83 6.06 150,643 10.52 5.931 16.52
---------------------------------------------------------------------------------------------------
85.01 - 90.00 19 4,690,032.89 9.93 246,844 10.159 6.319 16.16
---------------------------------------------------------------------------------------------------
90.01 - 95.00 2 518,289.27 1.1 259,145 9.952 6.25 15.95
---------------------------------------------------------------------------------------------------
95.01 - 100.00 1 93,454.01 0.2 93,454 9.5 6.25 15.5
---------------------------------------------------------------------------------------------------
TOTAL: 280 47,245,991.87 100 168,736 10.251 6.176 16.25
---------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
-------------------------------------------------------------------------------------------
WTD WTD
AVG AVG
WTD WTD COMB COMB
AVG WTD AVG WTD WTD ORIG ORIG
MOS AVG STATED WTD AVG AVG LTV LTV
ORIGINAL TO ORIG REMAIN AVG ORIG CURR EXCLUDES INCLUDES
LOAN-TO-VALUE RATIO (%) ROLL TERM TERM AGE LTV LTV JR LIENS JR LIENS
-------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
< = 50.00 31 357.2 356.8 0.4 40.4 40.4 40.49 40.36
-------------------------------------------------------------------------------------------
50.01 - 60.00 29 358.2 357.6 0.6 56.2 56.2 56.23 56.2
-------------------------------------------------------------------------------------------
60.01 - 70.00 28 356 355.1 0.9 67 67 67.02 67.13
-------------------------------------------------------------------------------------------
70.01 - 75.00 29 358.3 357 1.4 74.4 74.4 74.46 74.59
-------------------------------------------------------------------------------------------
75.01 - 80.00 29 357.1 356.4 0.8 79.3 79.3 79.34 79.48
-------------------------------------------------------------------------------------------
80.01 - 85.00 31 360 359.3 0.7 84.6 84.6 84.7 84.63
-------------------------------------------------------------------------------------------
85.01 - 90.00 29 360 359 1 89.7 89.6 89.67 89.77
-------------------------------------------------------------------------------------------
90.01 - 95.00 23 360 359.5 0.5 95 95 95 95
-------------------------------------------------------------------------------------------
95.01 - 100.00 24 360 360 0 98.4 98.4 99 98.42
-------------------------------------------------------------------------------------------
TOTAL: 29 357.7 356.8 0.9 74.4 74.4 74.42 74.51
-------------------------------------------------------------------------------------------
</TABLE>
Minimum: 11.49
Maximum: 98.42
Weighted Average by Original Balance: 74.39
Weighted Average by Current Balance: 74.40
<PAGE>
TOP
--------------------------------------------------------------------------------
7. CURRENT LOAN-TO-VALUE RATIO (%)
<TABLE>
<CAPTION>
-----------------------------------------------------------------------------------------------------
% OF WTD
NUMBER TOTAL TOTAL AVG WTD WTD AVG
CURRENT OF CURRENT CURRENT CURRENT AVG AVG MAX
LOAN-TO-VALUE RATIO (%) LOANS BALANCE BALANCE BALANCE COUPON MARGIN RATE
---------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
< = 50.00 27 2,254,335.65 4.77 83,494 10.179 6.133 16.18
-----------------------------------------------------------------------------------------------------
50.01 - 60.00 23 2,453,318.12 5.19 106,666 10.272 6.269 16.27
-----------------------------------------------------------------------------------------------------
60.01 - 70.00 72 9,854,966.76 20.86 136,875 10.712 6.313 16.71
-----------------------------------------------------------------------------------------------------
70.01 - 75.00 46 8,296,043.86 17.56 180,349 10.408 6.271 16.42
-----------------------------------------------------------------------------------------------------
75.01 - 80.00 71 16,223,336.48 34.34 228,498 9.89 6.035 15.89
-----------------------------------------------------------------------------------------------------
80.01 - 85.00 19 2,862,214.83 6.06 150,643 10.52 5.931 16.52
-----------------------------------------------------------------------------------------------------
85.01 - 90.00 19 4,690,032.89 9.93 246,844 10.159 6.319 16.16
-----------------------------------------------------------------------------------------------------
90.01 - 95.00 2 518,289.27 1.1 259,145 9.952 6.25 15.95
-----------------------------------------------------------------------------------------------------
95.01 - 100.00 1 93,454.01 0.2 93,454 9.5 6.25 15.5
-----------------------------------------------------------------------------------------------------
TOTAL: 280 47,245,991.87 100 168,736 10.251 6.176 16.25
-----------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
-------------------------------------------------------------------------------------------
WTD WTD
AVG AVG
WTD WTD COMB COMB
AVG WTD AVG WTD WTD ORIG ORIG
MOS AVG STATED WTD AVG AVG LTV LTV
CURRENT TO ORIG REMAIN AVG ORIG CURR EXCLUDES INCLUDES
LOAN-TO-VALUE RATIO (%) ROLL TERM TERM AGE LTV LTV JR LIENS JR LIENS
--------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
< = 50.00 31 357.2 356.8 0.4 40.4 40.4 40.49 40.36
--------------------------------------------------------------------------------------------
50.01 - 60.00 29 358.2 357.6 0.6 56.2 56.2 56.23 56.2
--------------------------------------------------------------------------------------------
60.01 - 70.00 28 356 355.1 0.9 67 67 67.02 67.13
--------------------------------------------------------------------------------------------
70.01 - 75.00 29 358.3 357 1.4 74.4 74.4 74.46 74.59
--------------------------------------------------------------------------------------------
75.01 - 80.00 29 357.1 356.4 0.8 79.3 79.3 79.34 79.48
--------------------------------------------------------------------------------------------
80.01 - 85.00 31 360 359.3 0.7 84.6 84.6 84.7 84.63
--------------------------------------------------------------------------------------------
85.01 - 90.00 29 360 359 1 89.7 89.6 89.67 89.77
--------------------------------------------------------------------------------------------
90.01 - 95.00 23 360 359.5 0.5 95 95 95 95
--------------------------------------------------------------------------------------------
95.01 - 100.00 24 360 360 0 98.4 98.4 99 98.42
--------------------------------------------------------------------------------------------
TOTAL: 29 357.7 356.8 0.9 74.4 74.4 74.42 74.51
--------------------------------------------------------------------------------------------
</TABLE>
Minimum: 11.48
Maximum: 98.37
Weighted Average: 74.36
<PAGE>
TOP
--------------------------------------------------------------------------------
8. COMB ORIG LOAN-TO-VALUE RATIO (%)-INCLUDES SUB LIENS
<TABLE>
<CAPTION>
-----------------------------------------------------------------------------------------------------
% OF WTD
COMB NUMBER TOTAL TOTAL AVG WTD WTD AVG
ORIG OF CURRENT CURRENT CURRENT AVG AVG MAX
LOAN-TO-VALUE RATIO (%)- LOANS BALANCE BALANCE BALANCE COUPON MARGIN RATE
INCLUDES SUB LIENS
---------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
< = 50.00 27 2,254,335.65 4.77 83,494 10.179 6.133 16.18
-----------------------------------------------------------------------------------------------------
50.01 - 60.00 23 2,453,318.12 5.19 106,666 10.272 6.269 16.27
-----------------------------------------------------------------------------------------------------
60.01 - 70.00 71 9,799,725.12 20.74 138,024 10.689 6.296 16.69
-----------------------------------------------------------------------------------------------------
70.01 - 75.00 45 7,968,111.81 16.87 177,069 10.373 6.249 16.37
-----------------------------------------------------------------------------------------------------
75.01 - 80.00 67 14,919,066.07 31.58 222,673 9.903 6.096 15.9
-----------------------------------------------------------------------------------------------------
80.01 - 85.00 25 4,549,658.93 9.63 181,986 10.404 5.861 16.42
-----------------------------------------------------------------------------------------------------
85.01 - 90.00 18 4,415,623.56 9.35 245,312 10.085 6.324 16.09
-----------------------------------------------------------------------------------------------------
90.01 - 95.00 3 792,698.60 1.68 264,233 10.436 6.25 16.44
-----------------------------------------------------------------------------------------------------
95.01 - 100.00 1 93,454.01 0.2 93,454 9.5 6.25 15.5
-----------------------------------------------------------------------------------------------------
TOTAL: 280 47,245,991.87 100 168,736 10.251 6.176 16.25
-----------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
----------------------------------------------------------------------
WTD WTD
AVG AVG
WTD WTD COMB COMB
AVG WTD AVG WTD WTD ORIG ORIG
COMB MOS AVG STATED WTD AVG AVG LTV LTV
ORIG TO ORIG REMAIN AVG ORIG CURR EXCLUDES INCLUDES
LOAN-TO-VALUE RATIO (%)- ROLL TERM TERM AGE LTV LTV JR LIENS JR LIENS
INCLUDES SUB LIENS
-------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
< = 50.00 31 357.2 356.8 0.4 40.4 40.4 40.49 40.36
---------------------------------------------------------------------------------------------
50.01 - 60.00 29 358.2 357.6 0.6 56.2 56.2 56.23 56.2
---------------------------------------------------------------------------------------------
60.01 - 70.00 28 355.9 355.1 0.9 67 67 67.03 67.1
---------------------------------------------------------------------------------------------
70.01 - 75.00 29 358.3 357.2 1.1 74.4 74.3 74.37 74.45
---------------------------------------------------------------------------------------------
75.01 - 80.00 29 356.9 355.9 1 79.2 79.1 79.2 79.18
---------------------------------------------------------------------------------------------
80.01 - 85.00 30 360 359.4 0.6 82.8 82.8 82.84 83.5
---------------------------------------------------------------------------------------------
85.01 - 90.00 29 360 359 1 89.7 89.6 89.65 89.65
---------------------------------------------------------------------------------------------
90.01 - 95.00 27 360 359.3 0.7 93.3 93.2 93.27 93.86
---------------------------------------------------------------------------------------------
95.01 - 100.00 24 360 360 0 98.4 98.4 99 98.42
---------------------------------------------------------------------------------------------
TOTAL: 29 357.7 356.8 0.9 74.4 74.4 74.42 74.51
---------------------------------------------------------------------------------------------
</TABLE>
Minimum: 11.49
Maximum: 98.42
Weighted Average by Original Balance: 74.51
Weighted Average by Current Balance: 74.51
<PAGE>
TOP
--------------------------------------------------------------------------------
9. COMB ORIG LOAN-TO-VALUE RATIO (%)-DOESN'T INCLUDE SUB LIENS
<TABLE>
<CAPTION>
--------------------------------------------------------------------------------------------------------------
WTD
% OF WTD AVG
COMB NUMBER TOTAL TOTAL AVG WTD WTD AVG MOS
ORIG OF CURRENT CURRENT CURRENT AVG AVG MAX TO
LOAN-TO-VALUE RATIO (%)- LOANS BALANCEB BALANCE BALANCE COUPON MARGIN RATE ROLL
DOESN'T INCLUDE SUB LIENS
------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
< = 50.00 27 2,254,335.65 4.77 83,494 10.179 6.133 16.18 31
--------------------------------------------------------------------------------------------------------------
50.01 - 55.00 11 1,160,882.27 2.46 105,535 9.386 5.608 15.39 25
--------------------------------------------------------------------------------------------------------------
55.01 - 60.00 12 1,292,435.85 2.74 107,703 11.068 6.863 17.07 33
--------------------------------------------------------------------------------------------------------------
60.01 - 65.00 37 4,347,773.49 9.2 117,507 10.891 6.294 16.89 26
--------------------------------------------------------------------------------------------------------------
65.01 - 70.00 35 5,507,193.27 11.66 157,348 10.571 6.327 16.57 30
--------------------------------------------------------------------------------------------------------------
70.01 - 75.00 47 8,330,353.86 17.63 177,242 10.415 6.272 16.43 29
--------------------------------------------------------------------------------------------------------------
75.01 - 80.00 70 16,189,026.48 34.27 231,272 9.885 6.033 15.89 29
--------------------------------------------------------------------------------------------------------------
80.01 - 85.00 19 2,862,214.83 6.06 150,643 10.52 5.931 16.52 31
--------------------------------------------------------------------------------------------------------------
85.01 - 90.00 19 4,690,032.89 9.93 246,844 10.159 6.319 16.16 29
--------------------------------------------------------------------------------------------------------------
90.01 - 95.00 2 518,289.27 1.1 259,145 9.952 6.25 15.95 23
--------------------------------------------------------------------------------------------------------------
95.01 - 100.00 1 93,454.01 0.2 93,454 9.5 6.25 15.5 24
--------------------------------------------------------------------------------------------------------------
TOTAL: 280 47,245,991.87 100 168,736 10.251 6.176 16.25 29
--------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
-----------------------------------------------------------------------------------------------
WTD WTD
AVG AVG
WTD WTD COMB COMB
AVG WTD AVG WTD WTD ORIG ORIG
COMB MOS AVG STATED WTD AVG AVG LTV LTV
ORIG TO ORIG REMAIN AVG ORIG CURR EXCLUDES INCLUDES
LOAN-TO-VALUE RATIO (%)- ROLL TERM TERM AGE LTV LTV JR LIENS JR LIENS
DOESN'T INCLUDE SUB LIENS
---------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
< = 50.00 31 357.2 356.8 0.4 40.4 40.4 40.49 40.36
-----------------------------------------------------------------------------------------------
50.01 - 55.00 25 356.1 356 0.2 53.6 53.6 53.61 53.58
-----------------------------------------------------------------------------------------------
55.01 - 60.00 33 360 359 1 58.6 58.5 58.58 58.56
-----------------------------------------------------------------------------------------------
60.01 - 65.00 26 355 354.1 0.8 64.2 64.1 64.19 64.44
-----------------------------------------------------------------------------------------------
65.01 - 70.00 30 356.7 355.8 0.9 69.2 69.2 69.26 69.24
-----------------------------------------------------------------------------------------------
70.01 - 75.00 29 358.3 357 1.3 74.5 74.4 74.46 74.59
-----------------------------------------------------------------------------------------------
75.01 - 80.00 29 357.1 356.4 0.8 79.3 79.3 79.35 79.49
-----------------------------------------------------------------------------------------------
80.01 - 85.00 31 360 359.3 0.7 84.6 84.6 84.7 84.63
-----------------------------------------------------------------------------------------------
85.01 - 90.00 29 360 359 1 89.7 89.6 89.67 89.77
-----------------------------------------------------------------------------------------------
90.01 - 95.00 23 360 359.5 0.5 95 95 95 95
-----------------------------------------------------------------------------------------------
95.01 - 100.00 24 360 360 0 98.4 98.4 99 98.42
-----------------------------------------------------------------------------------------------
TOTAL: 29 357.7 356.8 0.9 74.4 74.4 74.42 74.51
-----------------------------------------------------------------------------------------------
</TABLE>
Minimum: 11.50
Maximum: 99.00
Weighted Average by Original Balance: 74.42
<PAGE>
Weighted Average by Current Balance: 74.42
TOP
------------------------------------------------------------------------------
10. LIEN POSITION
<TABLE>
<CAPTION>
----------------------------------------------------------------------------------------------------
% OF WTD
NUMBER TOTAL TOTAL AVG WTD WTD AVG
LIEN OF CURRENT CURRENT CURRENT AVG AVG MAX
POSITION LOANS BALANCE BALANCE BALANCE COUPON MARGIN RATE
----------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
1st Lien 280 47,245,991.87 100 168,736 10.251 6.176 16.25
----------------------------------------------------------------------------------------------------
TOTAL: 280 47,245,991.87 100 168,736 10.251 6.176 16.25
----------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
----------------------------------------------------------------------------------------------
WTD WTD
AVG AVG
WTD WTD COMB COMB
AVG WTD AVG WTD WTD ORIG ORIG
MOS AVG STATED WTD AVG AVG LTV LTV
LIEN TO ORIG REMAIN AVG ORIG CURR EXCLUDES INCLUDES
POSITION ROLL TERM TERM AGE LTV LTV JR LIENS JR LIENS
---------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
1st Lien 29 357.7 356.8 0.9 74.4 74.4 74.42 74.51
---------------------------------------------------------------------------------------------
TOTAL: 29 357.7 356.8 0.9 74.4 74.4 74.42 74.51
---------------------------------------------------------------------------------------------
-----------------------------------------------------------------------
</TABLE>
TOP
-------------------------------------------------------------------------------
80>11. LENDER PAID MI COMPANY, CURRENT LTV>80
<TABLE>
<CAPTION>
-----------------------------------------------------------------------------------------------------
% OF WTD
NUMBER TOTAL TOTAL AVG WTD WTD AVG
OF CURRENT CURRENT CURRENT AVG AVG MAX
LENDER PAID MI COMPANY LOANS BALANCE BALANCE BALANCE COUPON MARGIN RATE
-----------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
No Insurance 9 1,522,634.03 18.65 169,182 10.31 6.387 16.31
-----------------------------------------------------------------------------------------------------
Lender Paid MI (MGIC) 32 6,641,356.97 81.35 207,542 10.254 6.13 16.25
-----------------------------------------------------------------------------------------------------
TOTAL: 41 8,163,991.00 100 199,122 10.265 6.178 16.27
-----------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
----------------------------------------------------------------------------------------------
WTD WTD
AVG AVG
WTD WTD COMB COMB
AVG WTD AVG WTD WTD ORIG ORIG
MOS AVG STATED WTD AVG AVG LTV LTV
TO ORIG REMAIN AVG ORIG CURR EXCLUDES INCLUDES
LENDER PAID MI COMPANY ROLL TERM TERM AGE LTV LTV JR LIENS JR LIENS
----------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
No Insurance 31 360 359.4 0.6 85.7 85.6 85.71 85.67
----------------------------------------------------------------------------------------------
Lender Paid MI (MGIC) 29 360 359.1 0.9 89 88.9 88.99 89.03
----------------------------------------------------------------------------------------------
TOTAL: 29 360 359.2 0.8 88.3 88.3 88.38 88.4
----------------------------------------------------------------------------------------------
</TABLE>
TOP
-------------------------------------------------------------------------------
12. SECTION 32
<TABLE>
<CAPTION>
---------------------------------------------------------------------------------------------------
% OF WTD
NUMBER TOTAL TOTAL AVG WTD WTD AVG
OF CURRENT CURRENT CURRENT AVG AVG MAX
SECTION 32 LOANS BALANCE BALANCE BALANCE COUPON MARGIN RATE
---------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
Not High Cost 115 36,743,903.77 77.77 319,512 10.111 6.138 16.11
---------------------------------------------------------------------------------------------------
High Cost 165 10,502,088.10 22.23 63,649 10.739 6.306 16.75
---------------------------------------------------------------------------------------------------
TOTAL: 280 47,245,991.87 100 168,736 10.251 6.176 16.25
---------------------------------------------------------------------------------------------------
</TABLE>
TOP
<TABLE>
<CAPTION>
WTD WTD
AVG AVG
WTD WTD COMB COMB
AVG WTD AVG WTD WTD ORIG ORIG
MOS AVG STATED WTD AVG AVG LTV LTV
TO ORIG REMAIN AVG ORIG CURR EXCLUDES INCLUDES
ROLL TERM TERM AGE LTV LTV JR LIENS JR LIENS
--------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Not High Cost 29 358.7 357.8 0.9 76.17 76.14 76.20 76.28
--------------------------------------------------------------------------------------------
High Cost 28 353.9 353.0 0.9 68.17 68.13 68.20 68.31
--------------------------------------------------------------------------------------------
TOTAL: 29 357.7 356.8 0.9 74.40 74.36 74.42 74.51
--------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
-------------------------------------------------------------------------------
13. ADJUSTMENT TYPE
<TABLE>
<CAPTION>
---------------------------------------------------------------------------------------------------
% OF WTD
NUMBER TOTAL TOTAL AVG WTD WTD AVG
OF CURRENT CURRENT CURRENT AVG AVG MAX
ADJUSTMENT TYPE LOANS BALANCE BALANCE BALANCE COUPON MARGIN RATE
---------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
ARM 280 47,245,991.87 100 168,736 10.251 6.176 16.25
---------------------------------------------------------------------------------------------------
TOTAL: 280 47,245,991.87 100 168,736 10.251 6.176 16.25
---------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
---------------------------------------------------------------------------------------------
WTD WTD
AVG AVG
WTD WTD COMB COMB
AVG WTD AVG WTD WTD ORIG ORIG
MOS AVG STATED WTD AVG AVG LTV LTV
TO ORIG REMAIN AVG ORIG CURR EXCLUDES INCLUDES
ADJUSTMENT TYPE ROLL TERM TERM AGE LTV LTV JR LIENS JR LIENS
---------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
ARM 29 357.7 356.8 0.9 74.4 74.4 74.42 74.51
---------------------------------------------------------------------------------------------
TOTAL: 29 357.7 356.8 0.9 74.4 74.4 74.42 74.51
---------------------------------------------------------------------------------------------
</TABLE>
TOP
--------------------------------------------------------------------------------
14. BALLOON
<TABLE>
<CAPTION>
----------------------------------------------------------------------------------------------------
% OF WTD
NUMBER TOTAL TOTAL AVG WTD WTD AVG
OF CURRENT CURRENT CURRENT AVG AVG MAX
BALLOON LOANS BALANCE BALANCE BALANCE COUPON MARGIN RATE
----------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
Non-Balloon 280 47,245,991.87 100 168,736 10.251 6.176 16.25
----------------------------------------------------------------------------------------------------
TOTAL: 280 47,245,991.87 100 168,736 10.251 6.176 16.25
----------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
--------------------------------------------------------------------------------------------
WTD WTD
AVG AVG
WTD WTD COMB COMB
AVG WTD AVG WTD WTD ORIG ORIG
MOS AVG STATED WTD AVG AVG LTV LTV
TO ORIG REMAIN AVG ORIG CURR EXCLUDES INCLUDES
BALLOON ROLL TERM TERM AGE LTV LTV JR LIENS JR LIENS
--------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Non-Balloon 29 357.7 356.8 0.9 74.4 74.4 74.42 74.51
--------------------------------------------------------------------------------------------
TOTAL: 29 357.7 356.8 0.9 74.4 74.4 74.42 74.51
--------------------------------------------------------------------------------------------
</TABLE>
TOP
-------------------------------------------------------------------------------
15. ORIGINAL TERM
<TABLE>
<CAPTION>
---------------------------------------------------------------------------------------------------
% OF WTD
NUMBER TOTAL TOTAL AVG WTD WTD AVG
OF CURRENT CURRENT CURRENT AVG AVG MAX
ORIGINAL TERM LOANS BALANCE BALANCE BALANCE COUPON MARGIN RATE
---------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
121 - 180 7 616,438.57 1.3 88,063 9.671 6.175 15.67
---------------------------------------------------------------------------------------------------
301 - 360 273 46,629,553.30 98.7 170,804 10.259 6.176 16.26
---------------------------------------------------------------------------------------------------
TOTAL: 280 47,245,991.87 100 168,736 10.251 6.176 16.25
---------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
---------------------------------------------------------------------------------------------
WTD WTD
AVG AVG
WTD WTD COMB COMB
AVG WTD AVG WTD WTD ORIG ORIG
MOS AVG STATED WTD AVG AVG LTV LTV
TO ORIG REMAIN AVG ORIG CURR EXCLUDES INCLUDES
ORIGINAL TERM ROLL TERM TERM AGE LTV LTV JR LIENS JR LIENS
---------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
121 - 180 31 180 179.3 0.7 70.6 70. 70.6 70.59
---------------------------------------------------------------------------------------------
301 - 360 29 360 359.1 0.9 74.5 74.4 74.47 74.56
---------------------------------------------------------------------------------------------
TOTAL: 29 357.7 356.8 0.9 74.4 74.4 74.42 74.51
---------------------------------------------------------------------------------------------
</TABLE>
Minimum: 180
Maximum: 360
Weighted Average: 357.7
TOP
<PAGE>
-------------------------------------------------------------------------------
16. SEASONING
<TABLE>
<CAPTION>
---------------------------------------------------------------------------------------------------
% OF WTD
NUMBER TOTAL TOTAL AVG WTD WTD AVG
OF CURRENT CURRENT CURRENT AVG AVG MAX
SEASONING LOANS BALANCE BALANCE BALANCE COUPON MARGIN RATE
-------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
< = 0 127 23,437,440.37 49.61 184,547 10.267 6.078 16.27
---------------------------------------------------------------------------------------------------
1 - 12 153 23,808,551.50 50.39 155,611 10.235 6.272 16.24
---------------------------------------------------------------------------------------------------
TOTAL: 280 47,245,991.87 100 168,736 10.251 6.176 16.25
---------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
-------------------------------------------------------------------------------------------
WTD WTD
AVG AVG
WTD WTD COMB COMB
AVG WTD AVG WTD WTD ORIG ORIG
MOS AVG STATED WTD AVG AVG LTV LTV
TO ORIG REMAIN AVG ORIG CURR EXCLUDES INCLUDES
SEASONING ROLL TERM TERM AGE LTV LTV JR LIENS JR LIENS
-----------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
< = 0 30 358.4 358.4 0 74 74 74.06 74.13
-------------------------------------------------------------------------------------------
1 - 12 28 356.9 355.2 1.7 74.8 74.7 74.78 74.88
-------------------------------------------------------------------------------------------
TOTAL: 29 357.7 356.8 0.9 74.4 74.4 74.42 74.51
-------------------------------------------------------------------------------------------
</TABLE>
Minimum: 0
Maximum: 9
Weighted Average: 0.9
TOP
-------------------------------------------------------------------------------
17. REMAINING TERM TO STATED MATURITY
<TABLE>
<CAPTION>
---------------------------------------------------------------------------------------------------
% OF WTD
NUMBER TOTAL TOTAL AVG WTD WTD AVG
REMAINING TERM OF CURRENT CURRENT CURRENT AVG AVG MAX
TO STATED MATURITY LOANS BALANCE BALANCE BALANCE COUPON MARGIN RATE
---------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
121 - 180 7 616,438.57 1.3 88,063 9.671 6.175 15.67
---------------------------------------------------------------------------------------------------
301 - 360 273 46,629,553.30 98.7 170,804 10.259 6.176 16.26
---------------------------------------------------------------------------------------------------
TOTAL: 280 47,245,991.87 100 168,736 10.251 6.176 16.25
---------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
---------------------------------------------------------------------------------------------
WTD WTD
AVG AVG
WTD WTD COMB COMB
AVG WTD AVG WTD WTD ORIG ORIG
MOS AVG STATED WTD AVG AVG LTV LTV
REMAINING TERM TO ORIG REMAIN AVG ORIG CURR EXCLUDES INCLUDES
TO STATED MATURITY ROLL TERM TERM AGE LTV LTV JR LIENS JR LIENS
---------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
121 - 180 31 180 179.3 0.7 70.6 70.5 70.6 70.59
---------------------------------------------------------------------------------------------
301 - 360 29 360 359.1 0.9 74.5 74.4 74.47 74.56
---------------------------------------------------------------------------------------------
TOTAL: 29 357.7 356.8 0.9 74.4 74.4 74.42 74.51
---------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
Minimum: 179
Maximum: 360
Weighted Average: 356.8
TOP
-------------------------------------------------------------------------------
18. MONTHS DELINQUENT
<TABLE>
<CAPTION>
---------------------------------------------------------------------------------------------------
% OF WTD
NUMBER TOTAL TOTAL AVG WTD WTD AVG
MONTHS OF CURRENT CURRENT CURRENT AVG AVG MAX
DELINQUENT LOANS BALANCE BALANCE BALANCE COUPON MARGIN RATE
---------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
0 280 47,245,991.87 100 168,736 10.251 6.176 16.25
---------------------------------------------------------------------------------------------------
TOTAL: 280 47,245,991.87 100 168,736 10.251 6.176 16.25
---------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
---------------------------------------------------------------------------------------------
WTD WTD
AVG AVG
WTD WTD COMB COMB
AVG WTD AVG WTD WTD ORIG ORIG
MOS AVG STATED WTD AVG AVG LTV LTV
MONTHS TO ORIG REMAIN AVG ORIG CURR EXCLUDES INCLUDES
DELINQUENT ROLL TERM TERM AGE LTV LTV JR LIENS JR LIENS
---------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
0 29 357.7 356.8 0.9 74.4 74.4 74.42 74.51
---------------------------------------------------------------------------------------------
TOTAL: 29 357.7 356.8 0.9 74.4 74.4 74.42 74.51
---------------------------------------------------------------------------------------------
</TABLE>
Minimum: 0
Maximum: 0
Weighted Average: 0.0
TOP
--------------------------------------------------------------------------------
19. GEOGRAPHIC DISTRIBUTION BY STATE
<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------------
% OF WTD
GEOGRAPHIC NUMBER TOTAL TOTAL AVG WTD WTD AVG
DISTRIBUTION OF CURRENT CURRENT CURRENT AVG AVG MAX
BY STATE LOANS BALANCE BALANCE BALANCE COUPON MARGIN RATE
----------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
Arizona 5 488,536.02 1.03 97,707 9.584 6.128 15.58
----------------------------------------------------------------------------------------------
Arkansas 2 90,007.31 0.19 45,004 11.908 5.694 17.91
----------------------------------------------------------------------------------------------
California 101 24,613,813.37 52.1 243,701 9.563 6.036 15.56
----------------------------------------------------------------------------------------------
Colorado 3 1,122,761.86 2.38 374,254 11.053 6.291 17.05
----------------------------------------------------------------------------------------------
Florida 20 3,339,686.19 7.07 166,984 10.542 6.311 16.54
----------------------------------------------------------------------------------------------
Georgia 6 1,454,701.59 3.08 242,450 11.244 6.033 17.24
----------------------------------------------------------------------------------------------
Hawaii 3 448,914.35 0.95 149,638 14.038 8.249 20.04
----------------------------------------------------------------------------------------------
Idaho 1 45,500.00 0.1 45,500 14.15 8.25 20.15
----------------------------------------------------------------------------------------------
Illinois 11 958,436.02 2.03 87,131 11.018 6.298 17.02
----------------------------------------------------------------------------------------------
Indiana 13 533,837.78 1.13 41,064 11.545 6.144 17.55
----------------------------------------------------------------------------------------------
Iowa 1 330,151.08 0.7 330,151 9.375 6.375 15.38
----------------------------------------------------------------------------------------------
Kansas 1 29,991.25 0.06 29,991 12.25 6.5 18.25
----------------------------------------------------------------------------------------------
Kentucky 5 196,718.88 0.42 39,344 13.54 7.316 19.54
----------------------------------------------------------------------------------------------
Louisiana 13 631,374.99 1.34 48,567 12.555 7.476 18.56
----------------------------------------------------------------------------------------------
Maryland 3 357,327.03 0.76 119,109 12.666 7.283 18.67
----------------------------------------------------------------------------------------------
Michigan 34 2,867,140.98 6.07 84,328 11.02 6.173 17.02
----------------------------------------------------------------------------------------------
Minnesota 2 332,401.49 0.7 166,201 11.287 6.867 17.52
----------------------------------------------------------------------------------------------
Missouri 8 1,297,580.88 2.75 162,198 12.073 5.912 18.07
----------------------------------------------------------------------------------------------
Nevada 1 268,215.00 0.57 268,215 8.75 6.75 14.75
----------------------------------------------------------------------------------------------
New Hampshire 1 84,000.00 0.18 84,000 8.75 6.75 14.75
----------------------------------------------------------------------------------------------
New Jersey 3 1,185,750.00 2.51 395,250 9.784 5.672 15.78
----------------------------------------------------------------------------------------------
New York 5 1,258,778.92 2.66 251,756 11.372 6.896 17.37
----------------------------------------------------------------------------------------------
North Carolina 1 328,000.00 0.69 328,000 10.25 5.125 16.25
----------------------------------------------------------------------------------------------
Ohio 9 641,156.33 1.36 71,240 10.728 6.34 16.73
----------------------------------------------------------------------------------------------
Oklahoma 4 144,177.29 0.31 36,044 13.567 7.337 19.57
----------------------------------------------------------------------------------------------
Oregon 2 153,540.00 0.32 76,770 8.896 5.508 14.9
----------------------------------------------------------------------------------------------
Pennsylvania 1 59,898.00 0.13 59,898 8.99 6.25 14.99
----------------------------------------------------------------------------------------------
Rhode Island 1 315,000.00 0.67 315,000 13.025 7.375 19.03
----------------------------------------------------------------------------------------------
South Carolina 2 74,690.55 0.16 37,345 13.69 6.822 19.69
----------------------------------------------------------------------------------------------
Tennessee 1 259,400.96 0.55 259,401 10.5 7 16.5
----------------------------------------------------------------------------------------------
Texas 3 344,073.17 0.73 114,691 11.603 6.102 17.6
----------------------------------------------------------------------------------------------
Utah 1 306,692.20 0.65 306,692 11.53 6.7 17.53
----------------------------------------------------------------------------------------------
Virginia 2 440,200.00 0.93 220,100 11.122 6.199 17.12
----------------------------------------------------------------------------------------------
Washington 11 2,243,538.38 4.75 203,958 10.061 5.938 16.06
----------------------------------------------------------------------------------------------
TOTAL: 280 47,245,991.87 100 168,736 10.251 6.176 16.25
----------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
-----------------------------------------------------------------------------------------
WTD WTD
AVG AVG
WTD WTD COMB COMB
AVG WTD AVG WTD WTD ORIG ORIG
GEOGRAPHIC MOS AVG STATED WTD AVG AVG LTV LTV
DISTRIBUTION TO ORIG REMAIN AVG ORIG CURR EXCLUDES INCLUDES
BY STATE ROLL TERM TERM AGE LTV LTV JR LIENS JR LIENS
-----------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Arizona 25 360 358.2 1.8 74.8 74.8 74.92 74.83
-----------------------------------------------------------------------------------------
Arkansas 35 360 359.4 0.6 71.5 71.5 71.5 71.5
-----------------------------------------------------------------------------------------
California 28 359.4 358.6 0.8 74.3 74.3 74.36 74.41
-----------------------------------------------------------------------------------------
Colorado 32 360 359 1 82.2 82.2 82.38 82.78
-----------------------------------------------------------------------------------------
Florida 34 360 359.4 0.6 73.6 73.5 73.7 73.58
-----------------------------------------------------------------------------------------
Georgia 32 360 359.8 0.2 74.8 74.8 74.84 75.1
-----------------------------------------------------------------------------------------
Hawaii 24 360 359.1 0.9 66.5 66.5 66.48 67.33
-----------------------------------------------------------------------------------------
Idaho 23 360 359 1 65 65 65 65
-----------------------------------------------------------------------------------------
Illinois 30 360 359.4 0.6 77.4 77.4 77.46 77.44
-----------------------------------------------------------------------------------------
Indiana 30 360 359.2 0.8 72 72 72.05 72.03
-----------------------------------------------------------------------------------------
Iowa 31 360 355 5 68 67.8 68 67.97
-----------------------------------------------------------------------------------------
Kansas 35 360 359 1 49.2 49.2 49.2 49.18
-----------------------------------------------------------------------------------------
Kentucky 31 360 359.4 0.6 67.1 67.1 67.13 69.11
-----------------------------------------------------------------------------------------
Louisiana 34 360 359 1 69.1 69.1 69.11 69.09
-----------------------------------------------------------------------------------------
Maryland 36 360 359.8 0.2 67.1 67.1 67.13 67.11
-----------------------------------------------------------------------------------------
Michigan 27 347.6 347 0.6 72.8 72.8 72.86 72.98
-----------------------------------------------------------------------------------------
Minnesota 24 360 359.5 0.5 78.9 78.8 78.85 80.95
-----------------------------------------------------------------------------------------
Missouri 32 352.7 352.4 0.3 79.9 79.9 80.08 79.93
-----------------------------------------------------------------------------------------
Nevada 36 360 360 0 80 80 79 80
-----------------------------------------------------------------------------------------
New Hampshire 25 360 360 0 68.3 68.3 68.3 68.29
-----------------------------------------------------------------------------------------
New Jersey 24 360 360 0 72.4 72.4 72.37 72.37
-----------------------------------------------------------------------------------------
New York 27 360 357.2 2.8 68.8 68.7 68.76 68.76
-----------------------------------------------------------------------------------------
North Carolina 36 360 360 0 80 80 80 80
-----------------------------------------------------------------------------------------
Ohio 31 353 352.6 0.4 74.2 74.2 74.21 74.2
-----------------------------------------------------------------------------------------
Oklahoma 26 360 359.7 0.3 70.3 70.3 70.35 70.33
-----------------------------------------------------------------------------------------
Oregon 30 360 360 0 67.3 67.3 67.34 67.27
-----------------------------------------------------------------------------------------
Pennsylvania 22 360 358 2 90 89.4 90 90
-----------------------------------------------------------------------------------------
Rhode Island 35 360 359 1 70 70 70 70
-----------------------------------------------------------------------------------------
South Carolina 30 360 359.5 0.5 69.5 69.5 69.52 69.52
-----------------------------------------------------------------------------------------
Tennessee 35 180 179 1 78.8 78.6 78.79 78.79
-----------------------------------------------------------------------------------------
Texas 33 360 359 1 84.5 84.4 84.47 85.83
-----------------------------------------------------------------------------------------
Utah 27 360 351 9 75 74.8 75 75.37
-----------------------------------------------------------------------------------------
Virginia 34 360 360 0 83 83 82.96 82.96
-----------------------------------------------------------------------------------------
Washington 28 360 358.5 1.5 76.2 76.1 76.19 76.19
-----------------------------------------------------------------------------------------
TOTAL: 29 357.7 356.8 0.9 74.4 74.4 74.42 74.51
-----------------------------------------------------------------------------------------
</TABLE>
Number of States Represented: 34
TOP
<PAGE>
-------------------------------------------------------------------------------
20. TOP 10 GEOGRAPHIC DISTRIBUTION BY BALANCE
<TABLE>
<CAPTION>
-------------------------------------------------------------------------------------------------
TOP 10 % OF WTD
GEOGRAPHIC NUMBER TOTAL TOTAL AVG WTD WTD AVG
DISTRIBUTION OF CURRENT CURRENT CURRENT AVG AVG MAX
BY BALANCE LOANS BALANCE BALANCE BALANCE COUPON MARGIN RATE
-------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
California 101 24,613,813.37 52.1 243,701 9.563 6.036 15.56
-------------------------------------------------------------------------------------------------
Florida 20 3,339,686.19 7.07 166,984 10.542 6.311 16.54
-------------------------------------------------------------------------------------------------
Michigan 34 2,867,140.98 6.07 84,328 11.02 6.173 17.02
-------------------------------------------------------------------------------------------------
Washington 11 2,243,538.38 4.75 203,958 10.061 5.938 16.06
-------------------------------------------------------------------------------------------------
Georgia 6 1,454,701.59 3.08 242,450 11.244 6.033 17.24
-------------------------------------------------------------------------------------------------
Missouri 8 1,297,580.88 2.75 162,198 12.073 5.912 18.07
-------------------------------------------------------------------------------------------------
New York 5 1,258,778.92 2.66 251,756 11.372 6.896 17.37
-------------------------------------------------------------------------------------------------
New Jersey 3 1,185,750.00 2.51 395,250 9.784 5.672 15.78
-------------------------------------------------------------------------------------------------
Colorado 3 1,122,761.86 2.38 374,254 11.053 6.291 17.05
-------------------------------------------------------------------------------------------------
Illinois 11 958,436.02 2.03 87,131 11.018 6.298 17.02
-------------------------------------------------------------------------------------------------
Other 78 6,903,803.68 14.61 88,510 11.392 6.683 17.4
-------------------------------------------------------------------------------------------------
TOTAL: 280 47,245,991.87 100 168,736 10.251 6.176 16.25
-------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
---------------------------------------------------------------------------------------
WTD WTD
AVG AVG
WTD WTD COMB COMB
TOP 10 AVG WTD AVG WTD WTD ORIG ORIG
GEOGRAPHIC MOS AVG STATED WTD AVG AVG LTV LTV
DISTRIBUTION TO ORIG REMAIN AVG ORIG CURR EXCLUDES INCLUDES
BY BALANCE ROLL TERM TERM AGE LTV LTV JR LIENS JR LIENS
---------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
California 28 359.4 358.6 0.8 74.3 74.3 74.36 74.41
--------------------------------------------------------------------------------------
Florida 34 360 359.4 0.6 73.6 73.5 73.7 73.58
--------------------------------------------------------------------------------------
Michigan 27 347.6 347 0.6 72.8 72.8 72.86 72.98
--------------------------------------------------------------------------------------
Washington 28 360 358.5 1.5 76.2 76.1 76.19 76.19
--------------------------------------------------------------------------------------
Georgia 32 360 359.8 0.2 74.8 74.8 74.84 75.1
--------------------------------------------------------------------------------------
Missouri 32 352.7 352.4 0.3 79.9 79.9 80.08 79.93
--------------------------------------------------------------------------------------
New York 27 360 357.2 2.8 68.8 68.7 68.76 68.76
--------------------------------------------------------------------------------------
New Jersey 24 360 360 0 72.4 72.4 72.37 72.37
--------------------------------------------------------------------------------------
Colorado 32 360 359 1 82.2 82.2 82.38 82.78
--------------------------------------------------------------------------------------
Illinois 30 360 359.4 0.6 77.4 77.4 77.46 77.44
--------------------------------------------------------------------------------------
Other 31 352.6 351.3 1.2 73.6 73.6 73.6 73.92
--------------------------------------------------------------------------------------
TOTAL: 29 357.7 356.8 0.9 74.4 74.4 74.42 74.51
--------------------------------------------------------------------------------------
</TABLE>
Number of States Represented: 34
<PAGE>
TOP
-------------------------------------------------------------------------------
21. PROPERTY TYPE
<TABLE>
<CAPTION>
-----------------------------------------------------------------------------------------------------
% OF WTD
NUMBER TOTAL TOTAL AVG WTD WTD AVG
OF CURRENT CURRENT CURRENT AVG AVG MAX
PROPERTY TYPE LOANS BALANCE BALANCE BALANCE COUPON MARGIN RATE
-----------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
Single Family Residence 263 44,574,862.52 94.35 169,486 10.245 6.183 16.25
-----------------------------------------------------------------------------------------------------
Condo 10 1,644,216.54 3.48 164,422 10.028 5.754 16.03
-----------------------------------------------------------------------------------------------------
2 Family 6 950,412.81 2.01 158,402 10.966 6.579 16.97
-----------------------------------------------------------------------------------------------------
Manufactured Housing 1 76,500.00 0.16 76,500 9.75 5.75 15.75
-----------------------------------------------------------------------------------------------------
TOTAL: 280 47,245,991.87 100 168,736 10.251 6.176 16.25
-----------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
--------------------------------------------------------------------------------------------
WTD WTD
AVG AVG
WTD WTD COMB COMB
AVG WTD AVG WTD WTD ORIG ORIG
MOS AVG STATED WTD AVG AVG LTV LTV
TO ORIG REMAIN AVG ORIG CURR EXCLUDES INCLUDES
PROPERTY TYPE ROLL TERM TERM AGE LTV LTV JR LIENS JR LIENS
--------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Single Family Residence 29 357.8 356.9 0.9 74.5 74.4 74.49 74.58
--------------------------------------------------------------------------------------------
Condo 31 360 359.4 0.6 76.8 76.8 76.83 76.83
--------------------------------------------------------------------------------------------
2 Family 30 360 359.4 0.6 66.9 66.9 67.14 66.91
--------------------------------------------------------------------------------------------
Manufactured Housing 25 180 180 0 75 75 75 75
--------------------------------------------------------------------------------------------
TOTAL: 29 357.7 356.8 0.9 74.4 74.4 74.42 74.51
--------------------------------------------------------------------------------------------
</TABLE>
TOP
-------------------------------------------------------------------------------
22. NUMBER OF UNITS
<TABLE>
<CAPTION>
----------------------------------------------------------------------------------------------------
% OF WTD
NUMBER TOTAL TOTAL AVG WTD WTD AVG
OF CURRENT CURRENT CURRENT AVG AVG MAX
NUMBER OF UNITS LOANS BALANCE BALANCE BALANCE COUPON MARGIN RATE
----------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
1 274 46,295,579.06 97.99 168,962 10.236 6.167 16.24
----------------------------------------------------------------------------------------------------
2 6 950,412.81 2.01 158,402 10.966 6.579 16.97
----------------------------------------------------------------------------------------------------
TOTAL: 280 47,245,991.87 100 168,736 10.251 6.176 16.25
----------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
--------------------------------------------------------------------------------------
WTD WTD
AVG AVG
WTD WTD COMB COMB
AVG WTD AVG WTD WTD ORIG ORIG
MOS AVG STATED WTD AVG AVG LTV LTV
TO ORIG REMAIN AVG ORIG CURR EXCLUDES INCLUDES
NUMBER OF UNITS ROLL TERM TERM AGE LTV LTV JR LIENS JR LIENS
--------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
1 29 357.6 356.7 0.9 74.6 74.5 74.57 74.67
--------------------------------------------------------------------------------------
2 30 360 359.4 0.6 66.9 66.9 67.14 66.91
--------------------------------------------------------------------------------------
TOTAL: 29 357.7 356.8 0.9 74.4 74.4 74.42 74.51
--------------------------------------------------------------------------------------
</TABLE>
TOP
-------------------------------------------------------------------------------
23. OCCUPANCY
<TABLE>
<CAPTION>
---------------------------------------------------------------------------------------------------
% OF WTD
NUMBER TOTAL TOTAL AVG WTD WTD AVG
OF CURRENT CURRENT CURRENT AVG AVG MAX
OCCUPANCY LOANS BALANCE BALANCE BALANCE COUPON MARGIN RATE
---------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
Primary 276 45,876,724.33 97.1 166,220 10.232 6.175 16.23
---------------------------------------------------------------------------------------------------
Investment 3 905,182.00 1.92 301,727 11.326 6.152 17.33
---------------------------------------------------------------------------------------------------
Second Home 1 464,085.54 0.98 464,086 9.99 6.25 15.99
---------------------------------------------------------------------------------------------------
TOTAL: 280 47,245,991.87 100 168,736 10.251 6.176 16.25
---------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
-------------------------------------------------------------------------------------
WTD WTD
AVG AVG
WTD WTD COMB COMB
AVG WTD AVG WTD WTD ORIG ORIG
MOS AVG STATED WTD AVG AVG LTV LTV
TO ORIG REMAIN AVG ORIG CURR EXCLUDES INCLUDES
OCCUPANCY ROLL TERM TERM AGE LTV LTV JR LIENS JR LIENS
-------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Primary 29 357.6 356.7 0.9 74.7 74.7 74.75 74.84
-------------------------------------------------------------------------------------
Investment 32 360 359.7 0.3 60 60 60.2 59.96
-------------------------------------------------------------------------------------
Second Home 34 360 358 2 70 69.8 70 70
-------------------------------------------------------------------------------------
TOTAL: 29 357.7 356.8 0.9 74.4 74.4 74.42 74.51
-------------------------------------------------------------------------------------
</TABLE>
TOP
--------------------------------------------------------------------------------
24. PURPOSE
<TABLE>
<CAPTION>
---------------------------------------------------------------------------------------------------
% OF WTD
NUMBER TOTAL TOTAL AVG WTD WTD AVG
OF CURRENT CURRENT CURRENT AVG AVG MAX
PURPOSE LOANS BALANCE BALANCE BALANCE COUPON MARGIN RATE
---------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
Refinance - Cashout 199 30,423,901.64 64.39 152,884 10.129 6.142 16.13
---------------------------------------------------------------------------------------------------
Purchase 33 10,701,022.90 22.65 324,273 10.163 6.025 16.16
---------------------------------------------------------------------------------------------------
Refinance - Rate Term 48 6,121,067.33 12.96 127,522 11.012 6.609 17.01
---------------------------------------------------------------------------------------------------
TOTAL: 280 47,245,991.87 100 168,736 10.251 6.176 16.25
---------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
--------------------------------------------------------------------------------------------
WTD WTD
AVG AVG
WTD WTD COMB COMB
AVG WTD AVG WTD WTD ORIG ORIG
MOS AVG STATED WTD AVG AVG LTV LTV
TO ORIG REMAIN AVG ORIG CURR EXCLUDES INCLUDES
PURPOSE ROLL TERM TERM AGE LTV LTV JR LIENS JR LIENS
--------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Refinance - Cashout 29 358 357.2 0.8 72.2 72.1 72.23 72.2
--------------------------------------------------------------------------------------------
Purchase 29 360 358.7 1.3 79.1 79.1 79.13 79.5
--------------------------------------------------------------------------------------------
Refinance - Rate Term 30 351.6 351.2 0.5 77.1 77.1 77.12 77.24
--------------------------------------------------------------------------------------------
TOTAL: 29 357.7 356.8 0.9 74.4 74.4 74.42 74.51
--------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
-------------------------------------------------------------------------------
25. DOCUMENTATION LEVEL
<TABLE>
<CAPTION>
----------------------------------------------------------------------------------------------------
% OF WTD
NUMBER TOTAL TOTAL AVG WTD WTD AVG
OF CURRENT CURRENT CURRENT AVG AVG MAX
DOCUMENTATION LEVEL LOANS BALANCE BALANCE BALANCE COUPON MARGIN RATE
----------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
Full 211 31,192,332.67 66.02 147,831 10.13 6.114 16.13
----------------------------------------------------------------------------------------------------
Stated Documentation 47 11,025,694.95 23.34 234,589 10.484 6.147 16.48
----------------------------------------------------------------------------------------------------
Light 22 5,027,964.25 10.64 228,544 10.492 6.621 16.49
----------------------------------------------------------------------------------------------------
TOTAL: 280 47,245,991.87 100 168,736 10.251 6.176 16.25
----------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
-------------------------------------------------------------------------------------------
WTD WTD
AVG AVG
WTD WTD COMB COMB
AVG WTD AVG WTD WTD ORIG ORIG
MOS AVG STATED WTD AVG AVG LTV LTV
TO ORIG REMAIN AVG ORIG CURR EXCLUDES INCLUDES
DOCUMENTATION LEVEL ROLL TERM TERM AGE LTV LTV JR LIENS JR LIENS
-------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Full 29 358.4 357.6 0.7 74.9 74.9 74.93 75.03
-------------------------------------------------------------------------------------------
Stated Documentation 28 358.8 357.8 1 72.9 72.9 72.93 73.02
-------------------------------------------------------------------------------------------
Light 32 350.7 349.2 1.5 74.5 74.4 74.56 74.57
-------------------------------------------------------------------------------------------
TOTAL: 29 357.7 356.8 0.9 74.4 74.4 74.42 74.51
-------------------------------------------------------------------------------------------
</TABLE>
TOP
<PAGE>
-------------------------------------------------------------------------------
26. FICO SCORE
<TABLE>
<CAPTION>
----------------------------------------------------------------------------------------------------
% OF WTD
NUMBER TOTAL TOTAL AVG WTD WTD AVG
FICO OF CURRENT CURRENT CURRENT AVG AVG MAX
SCORE LOANS BALANCE BALANCE BALANCE COUPON MARGIN RATE
--------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
< = 0 1 393,621.37 0.83 393,621 11.4 7 17.4
----------------------------------------------------------------------------------------------------
1 - 540 60 8,792,438.73 18.61 146,541 11.494 7.018 17.5
----------------------------------------------------------------------------------------------------
541 - 580 108 15,359,688.59 32.51 142,219 10.175 6.261 16.18
----------------------------------------------------------------------------------------------------
581 - 620 55 10,258,564.12 21.71 186,519 10.056 5.953 16.06
----------------------------------------------------------------------------------------------------
621 - 660 36 8,072,301.96 17.09 224,231 9.373 5.738 15.37
----------------------------------------------------------------------------------------------------
661 - 700 14 3,362,876.56 7.12 240,205 10.046 5.49 16.05
----------------------------------------------------------------------------------------------------
701 - 740 3 342,587.47 0.73 114,196 10.08 5.142 16.08
----------------------------------------------------------------------------------------------------
741 - 780 3 663,913.07 1.41 221,304 9.677 5.329 15.68
----------------------------------------------------------------------------------------------------
TOTAL: 280 47,245,991.87 100 168,736 10.251 6.176 16.25
----------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
-----------------------------------------------------------------------------------------
WTD WTD
AVG AVG
WTD WTD COMB COMB
AVG WTD AVG WTD WTD ORIG ORIG
MOS AVG STATED WTD AVG AVG LTV LTV
FICO TO ORIG REMAIN AVG ORIG CURR EXCLUDES INCLUDES
SCORE ROLL TERM TERM AGE LTV LTV JR LIENS JR LIENS
---------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
< = 0 24 360 360 0 70.3 70.3 70.4 70.31
-----------------------------------------------------------------------------------------
1 - 540 30 360 359 1 70.4 70.4 70.4 70.57
-----------------------------------------------------------------------------------------
541 - 580 29 357 356 0.9 74.1 74 74.1 74.1
-----------------------------------------------------------------------------------------
581 - 620 30 357.9 357.1 0.8 76.5 76.5 76.52 76.54
-----------------------------------------------------------------------------------------
621 - 660 26 357 355.8 1.1 75.9 75.8 75.87 76.07
-----------------------------------------------------------------------------------------
661 - 700 33 357.2 356.8 0.4 75.9 75.9 75.97 75.97
-----------------------------------------------------------------------------------------
701 - 740 34 335.2 335 0.2 76.6 76.6 76.61 77.84
-----------------------------------------------------------------------------------------
741 - 780 24 360 359.9 0.1 78.6 78.6 78.61 79.01
-----------------------------------------------------------------------------------------
TOTAL: 29 357.7 356.8 0.9 74.4 74.4 74.42 74.51
-----------------------------------------------------------------------------------------
</TABLE>
Minimum: 476
Maximum: 771
Weighted Average: 586.5
<PAGE>
TOP
--------------------------------------------------------------------------------
27. PREPAYMENT PENALTY
<TABLE>
<CAPTION>
----------------------------------------------------------------------------------------------------------------
% OF WTD
NUMBER TOTAL TOTAL AVG WTD WTD AVG
OF CURRENT CURRENT CURRENT AVG AVG MAX
PREPAYMENT PENALTY LOANS BALANCE BALANCE BALANCE COUPON MARGIN RATE
----------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
No Prepayment Penalty 43 6,431,362.13 13.61 149,567 11.471 6.462 17.48
----------------------------------------------------------------------------------------------------------------
1 yr - 6 mo int->20% balance 1 364,815.67 0.77 364,816 9.375 6 15.38
----------------------------------------------------------------------------------------------------------------
2 yr - 1% unpaid prin/orig balance 1 93,454.01 0.2 93,454 9.5 6.25 15.5
----------------------------------------------------------------------------------------------------------------
2 yr - 2% unpaid prin/orig balance 1 305,884.75 0.65 305,885 10.75 6.5 16.75
----------------------------------------------------------------------------------------------------------------
2 yr - 6 mo int->20% balance 71 15,396,726.43 32.59 216,855 9.572 5.864 15.57
----------------------------------------------------------------------------------------------------------------
2 yr - 6 mo int 3 210,211.74 0.44 70,071 9.899 6.447 15.9
----------------------------------------------------------------------------------------------------------------
3 yr - 1% balance 29 2,536,310.05 5.37 87,459 11.069 6.116 17.07
----------------------------------------------------------------------------------------------------------------
3 yr - 2% balance 3 396,200.00 0.84 132,067 11.752 7.337 17.75
----------------------------------------------------------------------------------------------------------------
3 yr - 6 mo int 27 7,695,716.69 16.29 285,027 10.558 6.513 16.56
----------------------------------------------------------------------------------------------------------------
3 yr - 6 mo int->20% balance 65 9,377,505.01 19.85 144,269 10.29 6.169 16.29
----------------------------------------------------------------------------------------------------------------
5 yr - 2% balance 2 62,871.13 0.13 31,436 14.408 6.924 20.41
----------------------------------------------------------------------------------------------------------------
5 yr - 6 mo int->20% balance 29 3,602,975.11 7.63 124,241 9.292 6.105 15.29
----------------------------------------------------------------------------------------------------------------
5 yr - 6 mo int 5 771,959.15 1.63 154,392 11.163 6.476 17.16
----------------------------------------------------------------------------------------------------------------
TOTAL: 280 47,245,991.87 100 168,736 10.251 6.176 16.25
----------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
----------------------------------------------------------------------------------------------------------
WTD WTD
AVG AVG
WTD WTD COMB COMB
AVG WTD AVG WTD WTD ORIG ORIG
MOS AVG STATED WTD AVG AVG LTV LTV
TO ORIG REMAIN AVG ORIG CURR EXCLUDES INCLUDES
PREPAYMENT PENALTY ROLL TERM TERM AGE LTV LTV JR LIENS JR LIENS
----------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
No Prepayment Penalty 30 357.9 356.9 0.9 72.3 72.2 72.41 72.42
----------------------------------------------------------------------------------------------------------
1 yr - 6 mo int->20% balance 24 360 360 0 64.6 64.6 64.6 64.6
----------------------------------------------------------------------------------------------------------
2 yr - 1% unpaid prin/orig balance 24 360 360 0 98.4 98.4 99 98.42
----------------------------------------------------------------------------------------------------------
2 yr - 2% unpaid prin/orig balance 23 360 359 1 90 90 90 90
----------------------------------------------------------------------------------------------------------
2 yr - 6 mo int->20% balance 23 359.4 358.7 0.7 74.9 74.9 74.93 75.01
----------------------------------------------------------------------------------------------------------
2 yr - 6 mo int 24 360 359.3 0.7 77.1 77.1 77.13 77.12
----------------------------------------------------------------------------------------------------------
3 yr - 1% balance 27 349.6 349 0.6 72.2 72.2 72.24 72.4
----------------------------------------------------------------------------------------------------------
3 yr - 2% balance 36 336.1 336.1 0 71.7 71.7 71.66 71.65
----------------------------------------------------------------------------------------------------------
3 yr - 6 mo int 35 353.9 353.3 0.6 75.6 75.6 75.57 75.71
----------------------------------------------------------------------------------------------------------
3 yr - 6 mo int->20% balance 34 360 358.5 1.5 75.5 75.5 75.54 75.69
----------------------------------------------------------------------------------------------------------
5 yr - 2% balance 23 360 359 1 56.4 56.4 56.44 56.44
----------------------------------------------------------------------------------------------------------
5 yr - 6 mo int->20% balance 27 358.3 357.3 1 72.1 72 72.11 72.08
----------------------------------------------------------------------------------------------------------
5 yr - 6 mo int 29 360 360 0 71.7 71.7 71.67 71.67
----------------------------------------------------------------------------------------------------------
TOTAL: 29 357.7 356.8 0.9 74.4 74.4 74.42 74.51
----------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
TOP
-------------------------------------------------------------------------------
28. PRODUCT
<TABLE>
<CAPTION>
----------------------------------------------------------------------------------------------------
% OF WTD
NUMBER TOTAL TOTAL AVG WTD WTD AVG
OF CURRENT CURRENT CURRENT AVG AVG MAX
PRODUCT LOANS BALANCE BALANCE BALANCE COUPON MARGIN RATE
----------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
ARM - 2 Year/6 Month 143 24,156,215.64 51.13 168,925 9.925 6.044 15.93
----------------------------------------------------------------------------------------------------
ARM - 3 Year/6 Month 137 23,089,776.23 48.87 168,539 10.591 6.313 16.59
----------------------------------------------------------------------------------------------------
TOTAL: 280 47,245,991.87 100 168,736 10.251 6.176 16.25
----------------------------------------------------------------------------------------------------
<CAPTION>
-------------------------------------------------------------------------------------------
WTD WTD
AVG AVG
WTD WTD COMB COMB
AVG WTD AVG WTD WTD ORIG ORIG
MOS AVG STATED WTD AVG AVG LTV LTV
TO ORIG REMAIN AVG ORIG CURR EXCLUDES INCLUDES
PRODUCT ROLL TERM TERM AGE LTV LTV JR LIENS JR LIENS
-------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
ARM - 2 Year/6 Month 23 358.2 357.3 0.8 74.2 74.2 74.22 74.32
-------------------------------------------------------------------------------------------
ARM - 3 Year/6 Month 35 357.1 356.2 0.9 74.6 74.6 74.64 74.7
-------------------------------------------------------------------------------------------
TOTAL: 29 357.7 356.8 0.9 74.4 74.4 74.42 74.51
-------------------------------------------------------------------------------------------
</TABLE>
TOP
--------------------------------------------------------------------------------
29. INDEX TYPE
<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------------------
% OF WTD
NUMBER TOTAL TOTAL AVG WTD WTD AVG
OF CURRENT CURRENT CURRENT AVG AVG MAX
INDEX TYPE LOANS BALANCE BALANCE BALANCE COUPON MARGIN RATE
------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
Libor - 6 Month 280 47,245,991.87 100 168,736 10.251 6.176 16.25
------------------------------------------------------------------------------------------------------
TOTAL: 280 47,245,991.87 100 168,736 10.251 6.176 16.25
------------------------------------------------------------------------------------------------------
<CAPTION>
---------------------------------------------------------------------------------------------
WTD WTD
AVG AVG
WTD WTD COMB COMB
AVG WTD AVG WTD WTD ORIG ORIG
MOS AVG STATED WTD AVG AVG LTV LTV
TO ORIG REMAIN AVG ORIG CURR EXCLUDES INCLUDES
INDEX TYPE ROLL TERM TERM AGE LTV LTV JR LIENS JR LIENS
---------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Libor - 6 Month 29 357.7 356.8 0.9 74.4 74.4 74.42 74.51
---------------------------------------------------------------------------------------------
TOTAL: 29 357.7 356.8 0.9 74.4 74.4 74.42 74.51
---------------------------------------------------------------------------------------------
</TABLE>
TOP
<PAGE>
--------------------------------------------------------------------------------
30. MARGIN (%)
<TABLE>
<CAPTION>
---------------------------------------------------------------------------------------------------
% OF WTD
NUMBER TOTAL TOTAL AVG WTD WTD AVG
OF CURRENT CURRENT CURRENT AVG AVG MAX
MARGIN (%) LOANS BALANCE BALANCE BALANCE COUPON MARGIN RATE
-------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
< = 4.000 2 651,804.16 1.38 325,902 8.622 3.949 14.62
---------------------------------------------------------------------------------------------------
4.001 - 4.500 4 875,990.25 1.85 218,998 11.065 4.294 17.07
---------------------------------------------------------------------------------------------------
4.501 - 5.000 12 780,164.82 1.65 65,014 9.89 4.963 15.89
---------------------------------------------------------------------------------------------------
5.001 - 5.500 54 9,264,985.36 19.61 171,574 9.452 5.354 15.45
---------------------------------------------------------------------------------------------------
5.501 - 6.000 59 9,706,680.47 20.54 164,520 9.532 5.841 15.53
---------------------------------------------------------------------------------------------------
6.001 - 6.500 80 15,632,403.61 33.09 195,405 10.249 6.331 16.25
---------------------------------------------------------------------------------------------------
6.501 - 7.000 24 4,948,904.11 10.47 206,204 10.524 6.822 16.52
---------------------------------------------------------------------------------------------------
7.001 - 7.500 14 1,773,629.20 3.75 126,688 12.058 7.32 18.06
---------------------------------------------------------------------------------------------------
7.501 - 8.000 8 1,964,643.24 4.16 245,580 12.123 7.842 18.12
---------------------------------------------------------------------------------------------------
8.001 >= 23 1,646,786.65 3.49 71,599 14.391 8.586 20.44
---------------------------------------------------------------------------------------------------
TOTAL: 280 47,245,991.87 100 168,736 10.251 6.176 16.25
---------------------------------------------------------------------------------------------------
<CAPTION>
-------------------------------------------------------------------------------------------
WTD WTD
AVG AVG
WTD WTD COMB COMB
AVG WTD AVG WTD WTD ORIG ORIG
MOS AVG STATED WTD AVG AVG LTV LTV
TO ORIG REMAIN AVG ORIG CURR EXCLUDES INCLUDES
MARGIN (%) ROLL TERM TERM AGE LTV LTV JR LIENS JR LIENS
-----------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
< = 4.000 36 360 359.5 0.5 71.1 71 71.05 71.05
-------------------------------------------------------------------------------------------
4.001 - 4.500 30 354.9 353.5 1.3 75.6 75.5 75.87 75.61
-------------------------------------------------------------------------------------------
4.501 - 5.000 31 360 359.5 0.5 67 66.9 67 66.97
-------------------------------------------------------------------------------------------
5.001 - 5.500 27 358.4 357.7 0.7 71.8 71.8 71.83 71.98
-------------------------------------------------------------------------------------------
5.501 - 6.000 28 355.4 354.5 0.8 72.4 72.3 72.39 72.48
-------------------------------------------------------------------------------------------
6.001 - 6.500 29 360 359.2 0.8 80.2 80.1 80.23 80.25
-------------------------------------------------------------------------------------------
6.501 - 7.000 32 350.6 349.5 1.1 70.9 70.9 70.91 70.95
-------------------------------------------------------------------------------------------
7.001 - 7.500 31 360 357.7 2.3 72.9 72.9 72.92 72.91
-------------------------------------------------------------------------------------------
7.501 - 8.000 35 360 359.1 0.9 73.4 73.4 73.44 73.43
-------------------------------------------------------------------------------------------
8.001 >= 29 360 359.2 0.8 63.4 63.4 63.38 64.27
-------------------------------------------------------------------------------------------
TOTAL: 29 357.7 356.8 0.9 74.4 74.4 74.42 74.51
-------------------------------------------------------------------------------------------
</TABLE>
Minimum: 3.9050
Maximum: 9.2500
Weighted Average: 6.1757
TOP
-------------------------------------------------------------------------------
31. INITIAL PERIODIC CAP (%)
<TABLE>
<CAPTION>
-----------------------------------------------------------------------------------------------------
% OF WTD
NUMBER TOTAL TOTAL AVG WTD WTD AVG
OF CURRENT CURRENT CURRENT AVG AVG MAX
INITIAL PERIODIC CAP % LOANS BALANCE BALANCE BALANCE COUPON MARGIN RATE
-----------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
1.000 1 331,107.00 0.7 331,107 8.4 6 14.4
-----------------------------------------------------------------------------------------------------
2.000 19 2,517,959.25 5.33 132,524 8.926 5.923 14.96
-----------------------------------------------------------------------------------------------------
3.000 260 44,396,925.62 93.97 170,757 10.34 6.191 16.34
-----------------------------------------------------------------------------------------------------
TOTAL: 280 47,245,991.87 100 168,736 10.251 6.176 16.25
-----------------------------------------------------------------------------------------------------
<CAPTION>
---------------------------------------------------------------------------------------------
WTD WTD
AVG AVG
WTD WTD COMB COMB
AVG WTD AVG WTD WTD ORIG ORIG
MOS AVG STATED WTD AVG AVG LTV LTV
TO ORIG REMAIN AVG ORIG CURR EXCLUDES INCLUDES
INITIAL PERIODIC CAP % ROLL TERM TERM AGE LTV LTV JR LIENS JR LIENS
---------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
1.000 24 360 360 0 47.3 47.3 47.3 47.3
---------------------------------------------------------------------------------------------
2.000 25 360 358.8 1.2 67.7 67.6 67.72 67.96
---------------------------------------------------------------------------------------------
3.000 29 357.5 356.6 0.9 75 74.9 75.01 75.08
---------------------------------------------------------------------------------------------
TOTAL: 29 357.7 356.8 0.9 74.4 74.4 74.42 74.51
---------------------------------------------------------------------------------------------
</TABLE>
Minimum: 1.0000
Maximum: 3.0000
Weighted Average: 2.9327
TOP
<PAGE>
--------------------------------------------------------------------------------
32. PERIODIC CAP (%)
<TABLE>
<CAPTION>
---------------------------------------------------------------------------------------------------
% OF WTD
NUMBER TOTAL TOTAL AVG WTD WTD AVG
OF CURRENT CURRENT CURRENT AVG AVG MAX
PERIODIC CAP (%) LOANS BALANCE BALANCE BALANCE COUPON MARGIN RATE
---------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
1.000 280 47,245,991.87 100 168,736 10.251 6.176 16.25
---------------------------------------------------------------------------------------------------
TOTAL: 280 47,245,991.87 100 168,736 10.251 6.176 16.25
---------------------------------------------------------------------------------------------------
<CAPTION>
--------------------------------------------------------------------------------------------
WTD WTD
AVG AVG
WTD WTD COMB COMB
AVG WTD AVG WTD WTD ORIG ORIG
MOS AVG STATED WTD AVG AVG LTV LTV
TO ORIG REMAIN AVG ORIG CURR EXCLUDES INCLUDES
PERIODIC CAP (%) ROLL TERM TERM AGE LTV LTV JR LIENS JR LIENS
--------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
1.000 29 357.7 356.8 0.9 74.4 74.4 74.42 74.51
--------------------------------------------------------------------------------------------
TOTAL: 29 357.7 356.8 0.9 74.4 74.4 74.42 74.51
--------------------------------------------------------------------------------------------
</TABLE>
Minimum: 1.0000
Maximum: 1.0000
Weighted Average: 1.0000
TOP
--------------------------------------------------------------------------------
33. LIFETIME RATE CAP (%)
<TABLE>
<CAPTION>
---------------------------------------------------------------------------------------------------
% OF WTD
NUMBER TOTAL TOTAL AVG WTD WTD AVG
OF CURRENT CURRENT CURRENT AVG AVG MAX
LIFETIME RATE CAP (%) LOANS BALANCE BALANCE BALANCE COUPON MARGIN RATE
---------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
6.000 279 47,169,510.38 99.84 169,066 10.247 6.171 16.25
---------------------------------------------------------------------------------------------------
7.000 1 76,481.49 0.16 76,481 12.75 8.93 19.75
---------------------------------------------------------------------------------------------------
TOTAL: 280 47,245,991.87 100 168,736 10.251 6.176 16.25
---------------------------------------------------------------------------------------------------
<CAPTION>
--------------------------------------------------------------------------------------------
WTD WTD
AVG AVG
WTD WTD COMB COMB
AVG WTD AVG WTD WTD ORIG ORIG
MOS AVG STATED WTD AVG AVG LTV LTV
TO ORIG REMAIN AVG ORIG CURR EXCLUDES INCLUDES
LIFETIME RATE CAP (%) ROLL TERM TERM AGE LTV LTV JR LIENS JR LIENS
--------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
6.000 29 357.6 356.8 0.9 74.4 74.4 74.42 74.49
--------------------------------------------------------------------------------------------
7.000 22 360 358 2 75 75 75 84.11
--------------------------------------------------------------------------------------------
TOTAL: 29 357.7 356.8 0.9 74.4 74.4 74.42 74.51
--------------------------------------------------------------------------------------------
</TABLE>
Minimum: 6.0000
Maximum: 7.0000
Weighted Average: 6.0016
TOP
-------------------------------------------------------------------------------
34. MAXIMUM MORTGAGE RATES (%)
<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------------------
% OF WTD
NUMBER TOTAL TOTAL AVG WTD WTD AVG
OF CURRENT CURRENT CURRENT AVG AVG MAX
MAXIMUM MORTGAGE RATES% LOANS BALANCE BALANCE BALANCE COUPON MARGIN RATE
-------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
< = 14.000 5 754,079.39 1.6 150,816 7.979 5.554 13.98
------------------------------------------------------------------------------------------------------
14.001 - 15.000 48 10,228,925.63 21.65 213,103 8.715 5.574 14.72
------------------------------------------------------------------------------------------------------
15.001 - 16.000 74 15,922,943.15 33.7 215,175 9.636 6.024 15.64
------------------------------------------------------------------------------------------------------
16.001 - 17.000 49 8,569,548.14 18.14 174,889 10.491 6.314 16.49
------------------------------------------------------------------------------------------------------
17.001 - 18.000 39 5,905,041.69 12.5 151,411 11.46 6.546 17.46
------------------------------------------------------------------------------------------------------
18.001 - 19.000 25 3,077,056.63 6.51 123,082 12.509 6.295 18.51
------------------------------------------------------------------------------------------------------
19.001 - 20.000 14 1,340,433.91 2.84 95,745 13.235 7.674 19.29
------------------------------------------------------------------------------------------------------
20.001 >= 26 1,447,963.33 3.06 55,691 15.131 8.445 21.13
------------------------------------------------------------------------------------------------------
TOTAL: 280 47,245,991.87 100 168,736 10.251 6.176 16.25
------------------------------------------------------------------------------------------------------
<CAPTION>
-------------------------------------------------------------------------------------------
WTD WTD
AVG AVG
WTD WTD COMB COMB
AVG WTD AVG WTD WTD ORIG ORIG
MOS AVG STATED WTD AVG AVG LTV LTV
TO ORIG REMAIN AVG ORIG CURR EXCLUDES INCLUDES
MAXIMUM MORTGAGE RATES% ROLL TERM TERM AGE LTV LTV JR LIENS JR LIENS
---------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
< = 14.000 23 360 359.2 0.8 69.3 69.3 69.34 69.32
--------------------------------------------------------------------------------------------
14.001 - 15.000 28 356.3 355.5 0.8 70.2 70.1 70.18 70.24
--------------------------------------------------------------------------------------------
15.001 - 16.000 28 358.9 357.9 0.9 77.1 77.1 77.14 77.22
--------------------------------------------------------------------------------------------
16.001 - 17.000 29 353.6 353 0.5 78.9 78.9 79 78.97
--------------------------------------------------------------------------------------------
17.001 - 18.000 30 360 358.3 1.7 72.7 72.6 72.73 72.85
--------------------------------------------------------------------------------------------
18.001 - 19.000 33 360 359.4 0.6 73 73 73.06 73.19
--------------------------------------------------------------------------------------------
19.001 - 20.000 34 360 359.5 0.5 71.3 71.3 71.3 71.81
--------------------------------------------------------------------------------------------
20.001 >= 29 360 359.4 0.6 62.7 62.7 62.75 63.27
--------------------------------------------------------------------------------------------
TOTAL: 29 357.7 356.8 0.9 74.4 74.4 74.42 74.51
--------------------------------------------------------------------------------------------
</TABLE>
Minimum: 13.8750
Maximum: 22.7500
Weighted Average: 16.2525
TOP
<PAGE>
-------------------------------------------------------------------------------
35. NEXT RATE ADJUSTMENT DATE
<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------------------
% OF WTD
NUMBER TOTAL TOTAL AVG WTD WTD AVG
OF CURRENT CURRENT CURRENT AVG AVG MAX
NEXT RATE ADJUSTMENT LOANS BALANCE BALANCE BALANCE COUPON MARGIN RATE
DATE
------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
2002-02-01 1 321,590.05 0.68 321,590 11.2 7.125 17.2
------------------------------------------------------------------------------------------------------
2002-05-01 1 342,969.80 0.73 342,970 8.625 5.375 14.63
------------------------------------------------------------------------------------------------------
2002-07-01 2 588,102.14 1.24 294,051 9.572 5.258 15.57
------------------------------------------------------------------------------------------------------
2002-08-01 2 282,336.34 0.6 141,168 9.681 5.75 15.68
------------------------------------------------------------------------------------------------------
2002-09-01 13 1,811,057.50 3.83 139,312 9.61 5.94 15.65
------------------------------------------------------------------------------------------------------
2002-10-01 59 8,202,333.50 17.36 139,023 10.155 6.192 16.16
------------------------------------------------------------------------------------------------------
2002-11-01 54 11,205,471.31 23.72 207,509 9.664 5.943 15.66
------------------------------------------------------------------------------------------------------
2002-12-01 11 1,402,355.00 2.97 127,487 11.301 6.427 17.3
------------------------------------------------------------------------------------------------------
2003-02-01 1 306,692.20 0.65 306,692 11.53 6.7 17.53
------------------------------------------------------------------------------------------------------
2003-06-01 1 330,151.08 0.7 330,151 9.375 6.375 15.38
------------------------------------------------------------------------------------------------------
2003-08-01 2 414,539.83 0.88 207,270 11.458 7.37 17.46
------------------------------------------------------------------------------------------------------
2003-09-01 23 4,607,892.03 9.75 200,343 10.141 6.424 16.14
------------------------------------------------------------------------------------------------------
2003-10-01 48 6,600,887.03 13.97 137,518 10.597 6.379 16.6
------------------------------------------------------------------------------------------------------
2003-11-01 50 8,529,514.06 18.05 170,590 10.87 6.189 16.87
------------------------------------------------------------------------------------------------------
2003-12-01 12 2,300,100.00 4.87 191,675 10.339 6.111 16.34
------------------------------------------------------------------------------------------------------
TOTAL: 280 47,245,991.87 100 168,736 10.251 6.176 16.25
------------------------------------------------------------------------------------------------------
<CAPTION>
---------------------------------------------------------------------------------------------
WTD WTD
AVG AVG
WTD WTD COMB COMB
AVG WTD AVG WTD WTD ORIG ORIG
MOS AVG STATED WTD AVG AVG LTV LTV
TO ORIG REMAIN AVG ORIG CURR EXCLUDES INCLUDE
NEXT RATE ADJUSTMENT ROLL TERM TERM AGE LTV LTV JR LIENS JR LIEN
DATE
---------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
2002-02-01 15 360 351 9 75 74.8 75 75
---------------------------------------------------------------------------------------------
2002-05-01 18 360 354 6 80 79.8 80 80
---------------------------------------------------------------------------------------------
2002-07-01 20 360 356 4 73.1 72.9 73.15 73.1
---------------------------------------------------------------------------------------------
2002-08-01 21 360 357 3 76.6 76.5 76.65 76.58
---------------------------------------------------------------------------------------------
2002-09-01 22 360 358 2 75.3 75.2 75.29 75.66
---------------------------------------------------------------------------------------------
2002-10-01 23 357.3 356.3 1 73.5 73.5 73.54 73.62
---------------------------------------------------------------------------------------------
2002-11-01 24 359.2 359.2 0 74.3 74.3 74.35 74.46
---------------------------------------------------------------------------------------------
2002-12-01 25 350.2 350.2 0 74.1 74.1 74.1 74.1
---------------------------------------------------------------------------------------------
2003-02-01 27 360 351 9 75 74.8 75 75.37
---------------------------------------------------------------------------------------------
2003-06-01 31 360 355 5 68 67.8 68 67.97
---------------------------------------------------------------------------------------------
2003-08-01 33 360 357 3 80.9 80.9 80.93 80.92
---------------------------------------------------------------------------------------------
2003-09-01 34 360 358 2 78.2 78.1 78.22 78.33
---------------------------------------------------------------------------------------------
2003-10-01 35 352.2 351.2 1 73.4 73.4 73.51 73.57
---------------------------------------------------------------------------------------------
2003-11-01 36 359.3 359.3 0 73 73 73.05 73.06
---------------------------------------------------------------------------------------------
2003-12-01 37 355.9 355.9 0 76.4 76.4 76.38 76.53
-----------------------------------------------------------------------------------
TOTAL: 29 357.7 356.8 0.9 74.4 74.4 74.42 74.51
---------------------------------------------------------------------------------------------
</TABLE>
Minimum: 2002-02-01
Maximum: 2003-12-01
Weighted Average: 2003-04-04
TOP
<PAGE>
--------------------------------------------------------------------------------
36. MONTHS TO NEXT RATE ADJUSTMENT
<TABLE>
<CAPTION>
---------------------------------------------------------------------------------------------------
% OF WTD
NUMBER TOTAL TOTAL AVG WTD WTD AVG
OF CURRENT CURRENT CURRENT AVG AVG MAX
MONTHS TO NEXT RATE LOANS BALANCE BALANCE BALANCE COUPON MARGIN RATE
ADJUSTMENT
---------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
15 - 17 1 321,590.05 0.68 321,590 11.2 7.125 17.2
---------------------------------------------------------------------------------------------------
18 - 20 3 931,071.94 1.97 310,357 9.223 5.301 15.22
---------------------------------------------------------------------------------------------------
21 - 23 74 10,295,727.34 21.79 139,131 10.046 6.136 16.05
---------------------------------------------------------------------------------------------------
24 - 26 65 12,607,826.31 26.69 193,967 9.846 5.997 15.85
---------------------------------------------------------------------------------------------------
27 - 29 1 306,692.20 0.65 306,692 11.53 6.7 17.53
---------------------------------------------------------------------------------------------------
30 - 32 1 330,151.08 0.7 330,151 9.375 6.375 15.38
---------------------------------------------------------------------------------------------------
33 - 35 73 11,623,318.89 24.6 159,224 10.447 6.433 16.45
---------------------------------------------------------------------------------------------------
36 - 38 62 10,829,614.06 22.92 174,671 10.757 6.172 16.76
---------------------------------------------------------------------------------------------------
TOTAL: 280 47,245,991.87 100 168,736 10.251 6.176 16.25
---------------------------------------------------------------------------------------------------
<CAPTION>
---------------------------------------------------------------------------------------------
WTD WTD
AVG AVG
WTD WTD COMB COMB
AVG WTD AVG WTD WTD ORIG ORIG
MOS AVG STATED WTD AVG AVG LTV LTV
TO ORIG REMAIN AVG ORIG CURR EXCLUDES INCLUDES
MONTHS TO NEXT RATE ROLL TERM TERM AGE LTV LTV JR LIENS JR LIENS
ADJUSTMENT
---------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
15 - 17 15 360 351 9 75 74.8 75 75
---------------------------------------------------------------------------------------------
18 - 20 19 360 355.3 4.7 75.6 75.4 75.67 75.64
---------------------------------------------------------------------------------------------
21 - 23 23 357.9 356.7 1.2 73.9 73.9 73.93 74.06
---------------------------------------------------------------------------------------------
24 - 26 24 358.2 358.2 0 74.3 74.3 74.32 74.42
---------------------------------------------------------------------------------------------
27 - 29 27 360 351 9 75 74.8 75 75.37
---------------------------------------------------------------------------------------------
30 - 32 31 360 355 5 68 67.8 68 67.97
---------------------------------------------------------------------------------------------
33 - 35 35 355.6 354.1 1.5 75.6 75.5 75.64 75.72
---------------------------------------------------------------------------------------------
36 - 38 36 358.6 358.6 0 73.7 73.7 73.76 73.8
---------------------------------------------------------------------------------------------
TOTAL: 29 357.7 356.8 0.9 74.4 74.4 74.42 74.51
---------------------------------------------------------------------------------------------
</TABLE>
Minimum: 15
Maximum: 37
Weighted Average: 29.1
TOP
-------------------------------------------------------------------------------
37. CONFORMING BALANCE 2000 LIMITS
<TABLE>
<CAPTION>
-------------------------------------------------------------------------------------------------
% OF WTD
NUMBER TOTAL TOTAL AVG WTD WTD AVG
OF CURRENT CURRENT CURRENT AVG AVG MAX
CONFORMING BALANCE LOANS BALANCE BALANCE BALANCE COUPON MARGIN RATE
2000 LIMITS
-------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
ARMS: Non-Conforming 280 47,245,991.8732 100 168,736 10.251 6.176 16.25
Balance
-------------------------------------------------------------------------------------------------
TOTAL: 280 47,245,991.87 100 168,736 10.251 6.176 16.25
-------------------------------------------------------------------------------------------------
<CAPTION>
-----------------------------------------------------------------------------------------------
WTD WTD
AVG AVG
WTD WTD COMB COMB
AVG WTD AVG WTD WTD ORIG ORIG
MOS AVG STATED WTD AVG AVG LTV LTV
TO ORIG REMAIN AVG ORIG CURR EXCLUDES INCLUDES
CONFORMING BALANCE ROLL TERM TERM AGE LTV LTV JR LIENS JR LIENS
2000 LIMITS
-----------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
ARMS: Non-Conforming 29 357.7 356.8 0.9 74.4 74.4 74.42 74.51
Balance
-----------------------------------------------------------------------------------------------
TOTAL: 29 357.7 356.8 0.9 74.4 74.4 74.42 74.51
-----------------------------------------------------------------------------------------------
</TABLE>
TOP
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
<PAGE>
THIS INFORMATION HAS BEEN PREPARED IN CONNECTION WITH THE ISSUANCE OF SECURITIES
REPRESENTING [INTERESTS IN / DEBT OF] THE ABOVE TRUST, AND IS BASED IN PART ON
INFORMATION PROVIDED ES [ORIGINATOR] WITH RESPECT TO THE EXPECTED
CHARACTERISTICS OF THE POOL OF [ASSET] IN WHICH THESE SECURITIES WILL REPRESENT
[UNDIVIDED BENEFICIAL INTERESTS / DEBT OBLIGATIONS]. THE ACTUAL CHARACTERISTICS
AND PERFORMANCE OF THE [ASSET] WILL DIFFER FROM THE ASSUMPTIONS USED IN
PREPARING THESE MATERIALS, WHICH ARE HYPOTHETICAL IN NATURE. CHANGES THE
ASSUMPTIONS MAY HAVE A MATERIAL IMPACT ON THE INFORMATION SET FORTH IN THESE
MATERIALS. NO REPRESENTATION IS MADE THAT ANY PERFORMANCE OR RETURN INDICATED
HEREIN WILL BE ACHIEVED. FOR EXAMPLE, IT IS VERY UNLIKELY THAT THE LOANS WILL
PREPAY AT A CONSTANT RATE OR FOLLOW A PREDICTABLE PATTERN. THIS INFORMATION MAY
NOT BE USED OR OTHERWISE DISSEMINATED IN CONNECTION WITH THE OFFER OR SALE OF
THESE OR ANY OTHER SECURITIES, EXCEPT IN CONNECTION WITH THE INITIAL OFFER OR
SALE OF THESE SECURITIES.
<PAGE>
MORGAN STANLEY DEAN WITTER
AAMES 2000-2
AS OF 11/21/00
CONFORMING ARMS
2,085 RECORDS
BALANCE: 218,518,304
--------------------------------------------------------------------------------
SELECTION CRITERIA: CONFORMING ARMS
TABLE OF CONTENTS
1
Summary Statistics
------------------
2
Summary Statistics - ARMs
-------------------------
3
Summary Statistics - FRs
------------------------
4
Current Mortgage Rates (%)
--------------------------
5
Original Mortgage Loan Principal Balance ($)
--------------------------------------------
6
Current Mortgage Loan Principal Balance ($)
-------------------------------------------
7
Original Loan-to-Value Ratio (%)
--------------------------------
8
Current Loan-to-Value Ratio (%)
-------------------------------
9
Comb Orig Loan-to-Value Ratio (%)-includes sub liens
10 Comb Orig Loan-to-Value
----------------------------------------------------
Ratio (%)-doesn't include sub liens
-----------------------------------
11
Junior Loan Ratio (%) - Second Liens
------------------------------------
12
Lien Position
-------------
13
Silent Seconds and Silent Thirds
--------------------------------
14
Morgage Insurance Flag
----------------------
15
Morgage Insurance Type
----------------------
16
80 > Lender Paid MI Company, Current LTV > 80
---------------------------------------------
17
Section 32
----------
18
Adjustment Type
---------------
19
Balloon
-------
20
Original Term
-------------
21
Seasoning
---------
22
Remaining Term to Stated Maturity
---------------------------------
23
Calculated Remaining Term
-------------------------
24
First Payment Date
------------------
25
Paid Thru Date
--------------
26
Months Delinquent
-----------------
27
Geographic Distribution by State
--------------------------------
28
Top 10 Geographic Distribution by Balance
-----------------------------------------
29
Top 10 Zip Code Concentrations
------------------------------
30
Property Type
-------------
31
Number of Units
---------------
32
Occupancy
---------
33
Occupancy Check (1st fields is occup stat, 2nd is property class)
-----------------------------------------------------------------
34
Purpose
-------
35
Documentation Level
-------------------
36
Back Ratio
----------
37
Front Ratio
-----------
38
FICO Score
----------
39
Prepayment Penalty
------------------
40
Prepayment Tape
---------------
41
Assumable
---------
42
Product
-------
43
Index Type
----------
44
Margin (%)
----------
45
Initial Periodic Cap (%)
------------------------
46
<PAGE>
Periodic Cap (%)
----------------
47
Lifetime Rate Cap (%)
---------------------
48
Maximum Mortgage Rates (%)
--------------------------
49
Next Rate Adjustment Date
-------------------------
50
Months to Next Rate Adjustment
------------------------------
51
Conforming Balance 2001 Limits
------------------------------
--------------------------------------------------------------------------------
1. SUMMARY STATISTICS
Number of Mortgage Loans: 2,085
Total Current Balance: 218,518,303.87
Maximum Balance: 367,200.00
Minimum Balance: 10,200.00
Average Current Balance: 104,805
Total Original Balance: 218,597,468
Weighted Average Coupon: 10.634
Weighted Average Total Servicing(includes LPMI): 0.862
Weighted Average Net Coupon: 9.772
Maximum Coupon: 16.700
Minimum Coupon: 7.750
Weighted Average Original Term: 358.652
Weighted Average Original Amortized Term: 358.652
Weighted Average Stated Remaining Term: 357.829
Weighted Average Amortized Remaining Term: 357.790
Weighted Average Seasoning: 0.823
Weighted Average Original LTV-calc: 78.59
Weighted Average Current LTV-calc: 78.53
Weighted Average Combined Original LTV-excludes subordinate liens: 78.63
Weighted Average Combined Original LTV-includes subordinate liens: 79.10
Top 5 States: CA(27.5%),FL(12.8%),WA(5.1%),OH(3.9%),HI(3.7%)
TOP
--------------------------------------------------------------------------------
2. SUMMARY STATISTICS - ARMS
Number of Mortgage Loans: 2,085
Total Current Balance: 218,518,303.87
Maximum Balance: 367,200.00
Minimum Balance: 10,200.00
Average Current Balance: 104,805
Total Original Balance: 218,597,468
Weighted Average Coupon: 10.634
Weighted Average Total Servicing(includes LPMI): 0.862
Weighted Average Net Coupon: 9.772
Maximum Coupon: 16.700
Minimum Coupon: 7.750
Weighted Average Margin: 6.232
Weighted Average Maximum Rate: 16.637
Weighted Average Months to Roll: 31
Weighted Average Original Term: 358.652
Weighted Average Original Amortized Term: 358.652
Weighted Average Stated Remaining Term: 357.829
Weighted Average Amortized Remaining Term: 357.790
Weighted Average Seasoning: 0.823
Weighted Average Original LTV-calc: 78.59
Weighted Average Current LTV-calc: 78.53
Weighted Average Combined Original LTV-excludes subordinate liens: 78.63
Weighted Average Combined Original LTV-includes subordinate liens: 79.10
Top 5 States: CA(27.5%),FL(12.8%),WA(5.1%),OH(3.9%),HI(3.7%)
TOP
--------------------------------------------------------------------------------
3. SUMMARY STATISTICS - FRS
TOP
--------------------------------------------------------------------------------
4. CURRENT MORTGAGE RATES (%)
<TABLE>
<CAPTION> WTD
% OF WTD AVG WTD
NUMBER TOTAL TOTAL AVG WTD WTD AVG MOS AVG
CURRENT MORTGAGE OF CURRENT CURRENT CURRENT AVG AVG MAX TO ORIG
RATES (%) LOANS BALANCE BALANCE BALANCE COUPON MARGIN RATE ROLL TERM
-------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
7.001 - 8.000 8 1,454,146.33 0.67 181,768 7.973 5.387 13.97 26 360
-------------------------------------------------------------------------------------------------------------------
8.001 - 9.000 150 20,860,897.65 9.55 139,073 8.759 5.645 14.76 30 358.4
-------------------------------------------------------------------------------------------------------------------
9.001 - 10.000 453 59,555,822.19 27.25 131,470 9.635 6.013 15.64 29 358.9
-------------------------------------------------------------------------------------------------------------------
10.001 - 11.000 596 65,503,870.91 29.98 109,906 10.554 6.175 16.56 31 358.6
-------------------------------------------------------------------------------------------------------------------
11.001 - 12.000 463 40,285,927.68 18.44 87,011 11.52 6.421 17.52 33 358.8
-------------------------------------------------------------------------------------------------------------------
12.001 - 13.000 262 20,037,302.44 9.17 76,478 12.493 6.678 18.49 33 359.6
-------------------------------------------------------------------------------------------------------------------
13.001 - 14.000 104 7,799,312.61 3.57 74,993 13.542 7.37 19.54 35 355.6
-------------------------------------------------------------------------------------------------------------------
14.001 - 15.000 38 2,516,645.00 1.15 66,228 14.45 7.891 20.42 32 354
-------------------------------------------------------------------------------------------------------------------
15.001 >= 11 504,379.06 0.23 45,853 15.757 7.647 21.76 35 360
-------------------------------------------------------------------------------------------------------------------
TOTAL: 2,085 218,518,303.87 100 104,805 10.634 6.232 16.64 31 358.7
-------------------------------------------------------------------------------------------------------------------
<CAPTION>
WTD WTD
AVG AVG
WTD COMB COMB
AVG WTD WTD ORIG ORIG
STATED WTD AVG AVG LTV LTV
CURRENT MORTGAGE REMAIN AVG ORIG CURR EXCLUDES INCLUDES
RATES (%) TERM AGE LTV LTV JR LIENS JR LIENS
---------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
7.001 - 8.000 359.1 0.9 69.4 69.4 69.42 69.39
---------------------------------------------------------------------------
8.001 - 9.000 357.7 0.7 73.9 73.8 74 74.24
---------------------------------------------------------------------------
9.001 - 10.000 358 0.9 78.9 78.8 78.98 79.26
---------------------------------------------------------------------------
10.001 - 11.000 357.8 0.8 80.8 80.8 80.85 81.26
---------------------------------------------------------------------------
11.001 - 12.000 358 0.8 80.3 80.2 80.3 80.94
---------------------------------------------------------------------------
12.001 - 13.000 358.7 0.8 77.6 77.6 77.63 78.38
---------------------------------------------------------------------------
13.001 - 14.000 355.1 0.5 70.4 70.4 70.45 71.91
---------------------------------------------------------------------------
14.001 - 15.000 353.3 0.7 65 64.9 65.01 65.38
---------------------------------------------------------------------------
15.001 >= 359.4 0.6 67.3 67.3 67.31 69.85
---------------------------------------------------------------------------
TOTAL: 357.8 0.8 78.6 78.5 78.63 79.1
---------------------------------------------------------------------------
</TABLE>
Minimum: 7.7500
<PAGE>
Maximum: 16.7000
Weighted Average: 10.6343
TOP
-------------------------------------------------------------------------------
5. ORIGINAL MORTGAGE LOAN PRINCIPAL BALANCE ($)
<TABLE>
<CAPTION>
WTD
% OF WTD AVG WTD
ORIGINAL MORTGAGE NUMBER TOTAL TOTAL AVG WTD WTD AVG MOS AVG
LOAN PRINCIPAL OF CURRENT CURRENT CURRENT AVG AVG MAX TO ORIG
BALANCE ($) LOANS BALANCE BALANCE BALANCE COUPON MARGIN RATE ROLL TERM
-------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
< = 50,000 370 14,129,426.24 6.47 38,188 11.868 6.362 17.87 34 357.2
-------------------------------------------------------------------------------------------------------------------
50,001 - 75,000 457 28,622,649.86 13.1 62,632 11.287 6.366 17.29 33 359.2
-------------------------------------------------------------------------------------------------------------------
75,001 - 100,000 338 29,537,855.80 13.52 87,390 10.788 6.253 16.79 32 357
-------------------------------------------------------------------------------------------------------------------
100,001 - 125,000 296 33,033,800.62 15.12 111,601 10.616 6.262 16.62 31 358.6
-------------------------------------------------------------------------------------------------------------------
125,001 - 150,000 195 26,666,714.69 12.2 136,752 10.459 6.146 16.46 31 359.1
-------------------------------------------------------------------------------------------------------------------
150,001 - 175,000 146 23,625,055.89 10.81 161,815 10.364 6.131 16.36 31 358.8
-------------------------------------------------------------------------------------------------------------------
175,001 - 200,000 98 18,355,253.10 8.4 187,299 10.417 6.311 16.42 30 360
-------------------------------------------------------------------------------------------------------------------
200,001 - 225,000 73 15,611,917.96 7.14 213,862 10.15 6.146 16.15 29 360
-------------------------------------------------------------------------------------------------------------------
225,001 - 250,000 48 11,374,293.96 5.21 236,964 10.002 6.108 16.02 28 360
-------------------------------------------------------------------------------------------------------------------
250,001 >= 64 17,561,335.75 8.04 274,396 10.049 6.161 16.05 28 357.3
-------------------------------------------------------------------------------------------------------------------
TOTAL: 2,085 218,518,303.87 100 104,805 10.634 6.232 16.64 31 358.7
-------------------------------------------------------------------------------------------------------------------
<CAPTION>
WTD WTD
AVG AVG
WTD COMB COMB
AVG WTD WTD ORIG ORIG
ORIGINAL MORTGAGE STATED WTD AVG AVG LTV LTV
LOAN PRINCIPAL REMAIN AVG ORIG CURR EXCLUDES INCLUDES
BALANCE ($) TERM AGE LTV LTV JR LIENS JR LIENS
-------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
< = 50,000 356.6 0.7 72.9 72.9 72.97 75.21
-------------------------------------------------------------------------------
50,001 - 75,000 358.3 0.8 76.5 76.5 76.58 77.33
-------------------------------------------------------------------------------
75,001 - 100,000 356.2 0.8 78.5 78.4 78.53 79
-------------------------------------------------------------------------------
100,001 - 125,000 357.8 0.8 78.7 78.7 78.75 79.25
-------------------------------------------------------------------------------
125,001 - 150,000 358.4 0.7 80.8 80.7 80.83 81.1
-------------------------------------------------------------------------------
150,001 - 175,000 357.9 1 79.7 79.6 79.76 79.96
-------------------------------------------------------------------------------
175,001 - 200,000 359.2 0.8 79.6 79.6 79.68 79.89
-------------------------------------------------------------------------------
200,001 - 225,000 359.2 0.8 79.5 79.5 79.52 79.58
-------------------------------------------------------------------------------
225,001 - 250,000 359.1 0.9 80.4 80.4 80.48 80.61
-------------------------------------------------------------------------------
250,001 >= 356.4 0.9 78.5 78.4 78.54 78.59
-------------------------------------------------------------------------------
TOTAL: 357.8 0.8 78.6 78.5 78.63 79.1
-------------------------------------------------------------------------------
</TABLE>
Minimum: 10,200
Maximum: 367,200
Average: 104,843
Total: 218,597,468.00
TOP
-------------------------------------------------------------------------------
6. CURRENT MORTGAGE LOAN PRINCIPAL BALANCE ($)
<TABLE>
<CAPTION>
WTD
% OF WTD AVG WTD
CURRENT NUMBER TOTAL TOTAL AVG WTD WTD AVG MOS AVG
MORTGAGE LOAN OF CURRENT CURRENT CURRENT AVG AVG MAX TO ORIG
PRINCIPAL BALANCE ($) LOANS BALANCE BALANCE BALANCE COUPON MARGIN RATE ROLL TERM
-------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
< = 50,000 371 14,179,403.75 6.49 38,219 11.861 6.357 17.86 34 357.3
-------------------------------------------------------------------------------------------------------------------
50,000.01 - 456 28,572,672.35 13.08 62,659 11.29 6.368 17.3 33 359.2
75,000.00
-------------------------------------------------------------------------------------------------------------------
75,000.01 - 338 29,537,855.80 13.52 87,390 10.788 6.253 16.79 32 357
100,000.00
-------------------------------------------------------------------------------------------------------------------
100,000.01 - 296 33,033,800.62 15.12 111,601 10.616 6.262 16.62 31 358.6
125,000.00
-------------------------------------------------------------------------------------------------------------------
125,000.01 - 195 26,666,714.69 12.2 136,752 10.459 6.146 16.46 31 359.1
150,000.00
-------------------------------------------------------------------------------------------------------------------
150,000.01 - 146 23,625,055.89 10.81 161,815 10.364 6.131 16.36 31 358.8
175,000.00
-------------------------------------------------------------------------------------------------------------------
175,000.01 - 98 18,355,253.10 8.4 187,299 10.417 6.311 16.42 30 360
200,000.00
-------------------------------------------------------------------------------------------------------------------
200,000.01 - 73 15,611,917.96 7.14 213,862 10.15 6.146 16.15 29 360
225,000.00
-------------------------------------------------------------------------------------------------------------------
225,000.01 - 48 11,374,293.96 5.21 236,964 10.002 6.108 16.02 28 360
250,000.00
-------------------------------------------------------------------------------------------------------------------
250,000.01 >= 64 17,561,335.75 8.04 274,396 10.049 6.161 16.05 28 357.3
-------------------------------------------------------------------------------------------------------------------
TOTAL: 2,085 218,518,303.87 100 104,805 10.634 6.232 16.64 31 358.7
-------------------------------------------------------------------------------------------------------------------
<CAPTION>
WTD WTD
AVG AVG
WTD COMB COMB
AVG WTD WTD ORIG ORIG
CURRENT STATED WTD AVG AVG LTV LTV
MORTGAGE LOAN REMAIN AVG ORIG CURR EXCLUDES INCLUDES
PRINCIPAL BALANCE ($) TERM AGE LTV LTV JR LIENS JR LIENS
------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
< = 50,000 356.6 0.7 73 73 73.03 75.26
------------------------------------------------------------------------------
50,000.01 - 358.4 0.8 76.5 76.5 76.55 77.31
75,000.00
------------------------------------------------------------------------------
75,000.01 - 356.2 0.8 78.5 78.4 78.53 79
100,000.00
------------------------------------------------------------------------------
100,000.01 - 357.8 0.8 78.7 78.7 78.75 79.25
125,000.00
------------------------------------------------------------------------------
125,000.01 - 358.4 0.7 80.8 80.7 80.83 81.1
150,000.00
------------------------------------------------------------------------------
150,000.01 - 357.9 1 79.7 79.6 79.76 79.96
175,000.00
------------------------------------------------------------------------------
175,000.01 - 359.2 0.8 79.6 79.6 79.68 79.89
200,000.00
------------------------------------------------------------------------------
200,000.01 - 359.2 0.8 79.5 79.5 79.52 79.58
225,000.00
------------------------------------------------------------------------------
225,000.01 - 359.1 0.9 80.4 80.4 80.48 80.61
250,000.00
------------------------------------------------------------------------------
250,000.01 >= 356.4 0.9 78.5 78.4 78.54 78.59
------------------------------------------------------------------------------
TOTAL: 357.8 0.8 78.6 78.5 78.63 79.1
------------------------------------------------------------------------------
</TABLE>
Minimum: 10,200
Maximum: 367,200
Average: 104,805
TOP
7. ORIGINAL LOAN-TO-VALUE RATIO (%)
<TABLE>
<CAPTION>
WTD
% OF WTD AVG WTD
ORIGINAL NUMBER TOTAL TOTAL AVG WTD WTD AVG MOS AVG
LOAN-TO-VALUE OF CURRENT CURRENT CURRENT AVG AVG MAX TO ORIG
RATIO (%) LOANS BALANCE BALANCE BALANCE COUPON MARGIN RATE ROLL TERM
-------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
< = 50.00 60 3,906,114.10 1.79 65,102 11.224 6.475 17.24 32 356.3
-------------------------------------------------------------------------------------------------------------------
50.01 - 60.00 82 7,033,146.95 3.22 85,770 11.203 6.122 17.21 32 360
-------------------------------------------------------------------------------------------------------------------
60.01 - 70.00 346 33,863,028.19 15.5 97,870 10.849 6.266 16.85 32 358.1
-------------------------------------------------------------------------------------------------------------------
70.01 - 75.00 396 37,187,978.03 17.02 93,909 10.742 6.235 16.74 32 357.4
-------------------------------------------------------------------------------------------------------------------
75.01 - 80.00 591 66,978,944.53 30.65 113,332 10.284 6.105 16.29 31 359
-------------------------------------------------------------------------------------------------------------------
80.01 - 85.00 149 16,932,418.34 7.75 113,640 10.505 6.347 16.51 30 358.1
-------------------------------------------------------------------------------------------------------------------
85.01 - 90.00 328 37,447,837.33 17.14 114,170 10.825 6.372 16.83 30 359.4
-------------------------------------------------------------------------------------------------------------------
90.01 - 95.00 128 14,578,732.96 6.67 113,896 10.623 6.244 16.62 31 360
-------------------------------------------------------------------------------------------------------------------
95.01 - 100.00 5 590,103.44 0.27 118,021 12.454 5.8 18.45 26 360
-------------------------------------------------------------------------------------------------------------------
TOTAL: 2,085 218,518,303.87 100 104,805 10.634 6.232 16.64 31 358.7
-------------------------------------------------------------------------------------------------------------------
<CAPTION>
WTD WTD
AVG AVG
WTD COMB COMB
AVG WTD WTD ORIG ORIG
ORIGINAL STATED WTD AVG AVG LTV LTV
LOAN-TO-VALUE REMAIN AVG ORIG CURR EXCLUDES INCLUDES
RATIO (%) TERM AGE LTV LTV JR LIENS JR LIENS
---------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
< = 50.00 355.8 0.5 39.8 39.8 39.96 39.9
---------------------------------------------------------------------------
50.01 - 60.00 359.4 0.6 56.5 56.5 56.63 56.68
---------------------------------------------------------------------------
60.01 - 70.00 357.4 0.7 67.3 67.3 67.41 67.49
---------------------------------------------------------------------------
70.01 - 75.00 356.5 0.9 74.5 74.4 74.51 75.08
---------------------------------------------------------------------------
75.01 - 80.00 358.3 0.7 79.6 79.6 79.67 80.54
---------------------------------------------------------------------------
80.01 - 85.00 357.1 1 84.5 84.4 84.53 84.73
---------------------------------------------------------------------------
85.01 - 90.00 358.4 1 89.8 89.7 89.81 90.27
---------------------------------------------------------------------------
90.01 - 95.00 359.3 0.7 95 94.9 94.96 94.95
---------------------------------------------------------------------------
95.01 - 100.00 357.2 2.8 100 99.9 100 100
---------------------------------------------------------------------------
TOTAL: 357.8 0.8 78.6 78.5 78.63 79.1
---------------------------------------------------------------------------
</TABLE>
Minimum: 6.52
Maximum: 100.00
Weighted Average by Original Balance: 78.59
Weighted Average by Current Balance: 78.59
Top
-------------------------------------------------------------------------------
8. CURRENT LOAN-TO-VALUE RATIO (%)
<PAGE>
<TABLE>
<CAPTION>
WTD
% OF WTD AVG WTD
CURRENT NUMBER TOTAL TOTAL AVG WTD WTD AVG MOS AVG
LOAN-TO-VALUE OF CURRENT CURRENT CURRENT AVG AVG MAX TO ORIG
RATIO (%) LOANS BALANCE BALANCE BALANCE COUPON MARGIN RATE ROLL TERM
-------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
< = 50.00 60 3,906,114.10 1.79 65,102 11.224 6.475 17.24 32 356.3
-------------------------------------------------------------------------------------------------------------------
50.01 - 60.00 83 7,301,994.83 3.34 87,976 11.125 6.057 17.13 31 360
-------------------------------------------------------------------------------------------------------------------
60.01 - 70.00 346 33,659,180.31 15.4 97,281 10.86 6.28 16.86 32 358.1
-------------------------------------------------------------------------------------------------------------------
70.01 - 75.00 398 37,412,923.39 17.12 94,002 10.745 6.235 16.75 32 357
-------------------------------------------------------------------------------------------------------------------
75.01 - 80.00 592 67,073,705.29 30.69 113,300 10.285 6.104 16.29 31 359
-------------------------------------------------------------------------------------------------------------------
80.01 - 85.00 147 16,767,044.48 7.67 114,062 10.505 6.353 16.51 30 359.1
-------------------------------------------------------------------------------------------------------------------
85.01 - 90.00 326 37,228,505.07 17.04 114,198 10.825 6.373 16.83 30 359.4
-------------------------------------------------------------------------------------------------------------------
90.01 - 95.00 128 14,578,732.96 6.67 113,896 10.623 6.244 16.62 31 360
-------------------------------------------------------------------------------------------------------------------
95.01 - 100.00 5 590,103.44 0.27 118,021 12.454 5.8 18.45 26 360
-------------------------------------------------------------------------------------------------------------------
TOTAL: 2,085 218,518,303.87 100 104,805 10.634 6.232 16.64 31 358.7
-------------------------------------------------------------------------------------------------------------------
<CAPTION>
WTD WTD
AVG AVG
WTD COMB COMB
AVG WTD WTD ORIG ORIG
CURRENT STATED WTD AVG AVG LTV LTV
LOAN-TO-VALUE REMAIN AVG ORIG CURR EXCLUDES INCLUDES
RATIO (%) TERM AGE LTV LTV JR LIENS JR LIENS
-------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
< = 50.00 355.8 0.5 39.8 39.8 39.96 39.9
-------------------------------------------------------------------------------
50.01 - 60.00 359.3 0.7 56.8 56.6 56.94 56.98
-------------------------------------------------------------------------------
60.01 - 70.00 357.4 0.7 67.3 67.3 67.44 67.52
-------------------------------------------------------------------------------
70.01 - 75.00 356.1 0.9 74.5 74.5 74.56 75.12
-------------------------------------------------------------------------------
75.01 - 80.00 358.3 0.7 79.7 79.6 79.69 80.56
-------------------------------------------------------------------------------
80.01 - 85.00 358.2 1 84.6 84.5 84.61 84.82
-------------------------------------------------------------------------------
85.01 - 90.00 358.4 1 89.8 89.8 89.82 90.28
-------------------------------------------------------------------------------
90.01 - 95.00 359.3 0.7 95 94.9 94.96 94.95
-------------------------------------------------------------------------------
95.01 - 100.00 357.2 2.8 100 99.9 100 100
-------------------------------------------------------------------------------
TOTAL: 357.8 0.8 78.6 78.5 78.63 79.1
-------------------------------------------------------------------------------
</TABLE>
Minimum: 6.16
Maximum: 99.95
Weighted Average: 78.53
TOP
-------------------------------------------------------------------------------
9. COMB ORIG LOAN-TO-VALUE RATIO (%)-INCLUDES SUB LIENS
<TABLE>
<CAPTION>
WTD
% OF WTD AVG WTD
COMB NUMBER TOTAL TOTAL AVG WTD WTD AVG MOS AVG
ORIG OF CURRENT CURRENT CURRENT AVG AVG MAX TO ORIG
LOAN-TO-VALUE LOANS BALANCE BALANCE BALANCE COUPON MARGIN RATE ROLL TERM
RATIO (%)-INCLUDES
SUB LIENS
-------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
< = 50.00 59 3,851,114.10 1.76 65,273 11.17 6.46 17.19 32 356.3
-------------------------------------------------------------------------------------------------------------------
50.01 - 60.00 80 6,929,426.18 3.17 86,618 11.246 6.153 17.26 32 360
-------------------------------------------------------------------------------------------------------------------
60.01 - 70.00 338 33,341,632.16 15.26 98,644 10.836 6.267 16.84 32 358.9
-------------------------------------------------------------------------------------------------------------------
70.01 - 75.00 355 34,500,944.60 15.79 97,186 10.675 6.257 16.68 32 356.8
-------------------------------------------------------------------------------------------------------------------
75.01 - 80.00 474 54,706,783.94 25.04 115,415 10.325 6.178 16.33 31 358.6
-------------------------------------------------------------------------------------------------------------------
80.01 - 85.00 228 27,168,191.27 12.43 119,159 10.29 6.075 16.29 29 358.8
-------------------------------------------------------------------------------------------------------------------
85.01 - 90.00 341 37,482,416.01 17.15 109,919 10.791 6.345 16.8 30 359.4
-------------------------------------------------------------------------------------------------------------------
90.01 - 95.00 187 18,975,938.42 8.68 101,476 10.849 6.286 16.85 32 360
-------------------------------------------------------------------------------------------------------------------
95.01 - 100.00 19 1,348,798.27 0.62 70,989 11.783 5.909 17.78 30 360
-------------------------------------------------------------------------------------------------------------------
100.01 - 105.00 4 213,058.92 0.1 53,265 12.179 6.61 18.18 35 360
-------------------------------------------------------------------------------------------------------------------
TOTAL: 2,085 218,518,303.87 100 104,805 10.634 6.232 16.64 31 358.7
-------------------------------------------------------------------------------------------------------------------
<CAPTION>
WTD WTD
AVG AVG
WTD COMB COMB
AVG WTD WTD ORIG ORIG
COMB STATED WTD AVG AVG LTV LTV
ORIG REMAIN AVG ORIG CURR EXCLUDES INCLUDES
LOAN-TO-VALUE TERM AGE LTV LTV JR LIENS JR LIENS
RATIO (%)-INCLUDES
SUB LIENS
-----------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
< = 50.00 355.7 0.5 39.7 39.7 39.88 39.72
-----------------------------------------------------------------------------
50.01 - 60.00 359.4 0.6 56.4 56.4 56.54 56.46
-----------------------------------------------------------------------------
60.01 - 70.00 358.2 0.7 67.2 67.2 67.33 67.31
-----------------------------------------------------------------------------
70.01 - 75.00 356 0.8 74.4 74.3 74.39 74.4
-----------------------------------------------------------------------------
75.01 - 80.00 357.7 0.8 79.4 79.4 79.44 79.48
-----------------------------------------------------------------------------
80.01 - 85.00 358 0.9 82.5 82.4 82.51 83.59
-----------------------------------------------------------------------------
85.01 - 90.00 358.4 1 88.7 88.7 88.75 89.59
-----------------------------------------------------------------------------
90.01 - 95.00 359.3 0.7 93.2 93.1 93.18 94.71
-----------------------------------------------------------------------------
95.01 - 100.00 358 2 91.9 91.9 91.93 99.17
-----------------------------------------------------------------------------
100.01 - 105.00 358.9 1.1 90 90 90 101.8
-----------------------------------------------------------------------------
TOTAL: 357.8 0.8 78.6 78.5 78.63 79.1
-----------------------------------------------------------------------------
</TABLE>
Minimum: 6.52
Maximum: 104.75
Weighted Average by Original Balance: 79.10
Weighted Average by Current Balance: 79.10
TOP
-------------------------------------------------------------------------------
10. COMB ORIG LOAN-TO-VALUE RATIO (%)-DOESN'T INCLUDE SUB LIENS
<TABLE>
<CAPTION>
WTD
% OF WTD AVG WTD
COMB NUMBER TOTAL TOTAL AVG WTD WTD AVG MOS AVG
ORIG OF CURRENT CURRENT CURRENT AVG AVG MAX TO ORIG
LOAN-TO-VALU E LOANS BALANCE BALANCE BALANCE COUPON MARGIN RATE ROLL TERM
RATIO (%)-DOESN'T
INCLUDE SUB LIENS
------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
< = 50.00 60 3,906,114.10 1.79 65,102 11.224 6.475 17.24 32 356.3
------------------------------------------------------------------------------------------------------------------
50.01 - 55.00 29 2,163,187.07 0.99 74,593 10.453 5.822 16.48 30 360
------------------------------------------------------------------------------------------------------------------
55.01 - 60.00 53 4,869,959.88 2.23 91,886 11.537 6.255 17.54 32 360
------------------------------------------------------------------------------------------------------------------
60.01 - 65.00 128 11,497,448.41 5.26 89,824 11.187 6.327 17.19 31 356.8
------------------------------------------------------------------------------------------------------------------
65.01 - 70.00 219 22,439,179.78 10.27 102,462 10.671 6.233 16.67 32 358.8
------------------------------------------------------------------------------------------------------------------
70.01 - 75.00 396 37,218,678.03 17.03 93,987 10.744 6.234 16.75 32 357.4
------------------------------------------------------------------------------------------------------------------
75.01 - 80.00 590 66,884,076.53 30.61 113,363 10.282 6.108 16.29 31 359
------------------------------------------------------------------------------------------------------------------
80.01 - 85.00 149 16,922,986.34 7.74 113,577 10.51 6.34 16.51 30 358.1
------------------------------------------------------------------------------------------------------------------
85.01 - 90.00 327 37,378,566.39 17.11 114,308 10.826 6.372 16.83 30 359.4
------------------------------------------------------------------------------------------------------------------
90.01 - 95.00 129 14,648,003.90 6.7 113,550 10.621 6.244 16.62 31 360
------------------------------------------------------------------------------------------------------------------
95.01 - 100.00 5 590,103.44 0.27 118,021 12.454 5.8 18.45 26 360
------------------------------------------------------------------------------------------------------------------
TOTAL: 2,085 218,518,303.87 100 104,805 10.634 6.232 16.64 31 358.7
------------------------------------------------------------------------------------------------------------------
<CAPTION>
WTD WTD
AVG AVG
WTD COMB COMB
AVG WTD WTD ORIG ORIG
COMB STATED WTD AVG AVG LTV LTV
ORIG REMAIN AVG ORIG CURR EXCLUDES INCLUDES
LOAN-TO-VALU E TERM AGE LTV LTV JR LIENS JR LIENS
RATIO (%)-DOESN'T
INCLUDE SUB LIENS
-------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
< = 50.00 355.8 0.5 39.8 39.8 39.96 39.9
-------------------------------------------------------------------------------
50.01 - 55.00 359.5 0.5 52.9 52.9 52.98 53.26
-------------------------------------------------------------------------------
55.01 - 60.00 359.4 0.6 58.1 58.1 58.25 58.2
-------------------------------------------------------------------------------
60.01 - 65.00 356 0.7 64 63.9 64.1 64.21
-------------------------------------------------------------------------------
65.01 - 70.00 358.1 0.7 69 69 69.12 69.18
-------------------------------------------------------------------------------
70.01 - 75.00 356.5 0.9 74.5 74.4 74.52 75.1
-------------------------------------------------------------------------------
75.01 - 80.00 358.3 0.7 79.6 79.6 79.67 80.55
-------------------------------------------------------------------------------
80.01 - 85.00 357.1 1 84.5 84.4 84.57 84.73
-------------------------------------------------------------------------------
85.01 - 90.00 358.4 1 89.8 89.7 89.81 90.27
-------------------------------------------------------------------------------
90.01 - 95.00 359.3 0.7 94.9 94.9 94.94 94.93
-------------------------------------------------------------------------------
95.01 - 100.00 357.2 2.8 100 99.9 100 100
-------------------------------------------------------------------------------
TOTAL: 357.8 0.8 78.6 78.5 78.63 79.1
-------------------------------------------------------------------------------
</TABLE>
Minimum: 6.50
Maximum: 100.00
Weighted Average by Original Balance: 78.63
Weighted Average by Current Balance: 78.63
TOP
-------------------------------------------------------------------------------
11. JUNIOR LOAN RATIO (%) - SECOND LIENS
Top
-------------------------------------------------------------------------------
12. LIEN POSITION
<PAGE>
<TABLE>
<CAPTION>
WTD
% OF WTD AVG WTD
NUMBER TOTAL TOTAL AVG WTD WTD AVG MOS AVG
LIEN OF CURRENT CURRENT CURRENT AVG AVG MAX TO ORIG
POSITION LOANS BALANCE BALANCE BALANCE COUPON MARGIN RATE ROLL TERM
-------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
1st Lien 2,085 218,518,303.87 100 104,805 10.634 6.232 16.64 31 358.7
-------------------------------------------------------------------------------------------------------------------
TOTAL: 2,085 218,518,303.87 100 104,805 10.634 6.232 16.64 31 358.7
-------------------------------------------------------------------------------------------------------------------
<CAPTION>
WTD WTD
AVG AVG
WTD COMB COMB
AVG WTD WTD ORIG ORIG
STATED WTD AVG AVG LTV LTV
LIEN REMAIN AVG ORIG CURR EXCLUDES INCLUDES
POSITION TERM AGE LTV LTV JR LIENS JR LIENS
---------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
1st Lien 357.8 0.8 78.6 78.5 78.63 79.1
---------------------------------------------------------------------------
TOTAL: 357.8 0.8 78.6 78.5 78.63 79.1
---------------------------------------------------------------------------
</TABLE>
TOP
-------------------------------------------------------------------------------
13. SILENT SECONDS AND SILENT THIRDS
<TABLE>
<CAPTION>
WTD
% OF WTD AVG WTD
NUMBER TOTAL TOTAL AVG WTD WTD AVG MOS AVG
OF CURRENT CURRENT CURRENT AVG AVG MAX TO ORIG
SILENT SECONDS AND LOANS BALANCE BALANCE BALANCE COUPON MARGIN RATE ROLL TERM
SILENT THIRDS
------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
N 1,829 195,070,556.53 89.27 106,654 10.624 6.269 16.63 31 358.7
------------------------------------------------------------------------------------------------------------------
Y 256 23,447,747.34 10.73 91,593 10.721 5.928 16.72 31 358.2
------------------------------------------------------------------------------------------------------------------
TOTAL: 2,085 218,518,303.87 100 104,805 10.634 6.232 16.64 31 358.7
------------------------------------------------------------------------------------------------------------------
<CAPTION>
WTD WTD
AVG AVG
WTD COMB COMB
AVG WTD WTD ORIG ORIG
STATED WTD AVG AVG LTV LTV
REMAIN AVG ORIG CURR EXCLUDES INCLUDES
SILENT SECONDS AND TERM AGE LTV LTV JR LIENS JR LIENS
SILENT THIRDS
-----------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
N 357.9 0.8 78.4 78.4 78.46 78.41
-----------------------------------------------------------------------------
Y 357.4 0.8 80 80 80.06 84.82
-----------------------------------------------------------------------------
TOTAL: 357.8 0.8 78.6 78.5 78.63 79.1
-----------------------------------------------------------------------------
</TABLE>
TOP
-------------------------------------------------------------------------------
14. MORGAGE INSURANCE FLAG
<TABLE>
<CAPTION>
WTD
% OF WTD AVG WTD
NUMBER TOTAL TOTAL AVG WTD WTD AVG MOS AVG
OF CURRENT CURRENT CURRENT AVG AVG MAX TO ORIG
MORGAGE INSURANCE LOANS BALANCE BALANCE BALANCE COUPON MARGIN RATE ROLL TERM
FLAG
------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
N 1,555 157,465,057.27 72.06 101,264 10.629 6.199 16.63 31 358.4
------------------------------------------------------------------------------------------------------------------
Y 530 61,053,246.60 27.94 115,195 10.649 6.317 16.65 30 359.3
------------------------------------------------------------------------------------------------------------------
TOTAL: 2,085 218,518,303.87 100 104,805 10.634 6.232 16.64 31 358.7
------------------------------------------------------------------------------------------------------------------
<CAPTION>
WTD WTD
AVG AVG
WTD COMB COMB
AVG WTD WTD ORIG ORIG
STATED WTD AVG AVG LTV LTV
REMAIN AVG ORIG CURR EXCLUDES INCLUDES
MORGAGE INSURANCE TERM AGE LTV LTV JR LIENS JR LIENS
FLAG
-------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
N 357.6 0.8 74.2 74.1 74.24 74.79
-------------------------------------------------------------------------------
Y 358.4 1 90 89.8 89.95 90.22
-------------------------------------------------------------------------------
TOTAL: 357.8 0.8 78.6 78.5 78.63 79.1
-------------------------------------------------------------------------------
</TABLE>
TOP
-------------------------------------------------------------------------------
15. MORGAGE INSURANCE TYPE
<TABLE>
<CAPTION>
WTD
% OF WTD AVG WTD
NUMBER TOTAL TOTAL AVG WTD WTD AVG MOS AVG
OF CURRENT CURRENT CURRENT AVG AVG MAX TO ORIG
MORGAGE INSURANCE LOANS BALANCE BALANCE BALANCE COUPON MARGIN RATE ROLL TERM
TYPE
------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Lender Paid MI 530 61,053,246.60 27.94 115,195 10.649 6.317 16.65 30 359.3
------------------------------------------------------------------------------------------------------------------
1,555 157,465,057.27 72.06 101,264 10.629 6.199 16.63 31 358.4
------------------------------------------------------------------------------------------------------------------
TOTAL: 2,085 218,518,303.87 100 104,805 10.634 6.232 16.64 31 358.7
------------------------------------------------------------------------------------------------------------------
<CAPTION>
WTD WTD
AVG AVG
WTD COMB COMB
AVG WTD WTD ORIG ORIG
STATED WTD AVG AVG LTV LTV
REMAIN AVG ORIG CURR EXCLUDES INCLUDES
MORGAGE INSURANCE TERM AGE LTV LTV JR LIENS JR LIENS
TYPE
---------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
Lender Paid MI 358.4 1 90 89.8 89.95 90.22
---------------------------------------------------------------------------
357.6 0.8 74.2 74.1 74.24 74.79
---------------------------------------------------------------------------
TOTAL: 357.8 0.8 78.6 78.5 78.63 79.1
---------------------------------------------------------------------------
</TABLE>
TOP
-------------------------------------------------------------------------------
16. LENDER PAID MI COMPANY, CURRENT LTV>80
<TABLE>
<CAPTION>
WTD
% OF WTD AVG WTD
NUMBER TOTAL TOTAL AVG WTD WTD AVG MOS AVG
OF CURRENT CURRENT CURRENT AVG AVG MAX TO ORIG
LENDER PAID MI LOANS BALANCE BALANCE BALANCE COUPON MARGIN RATE ROLL TERM
COMPANY, CURRENT
LTV>80
--------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
No Insurance 82 8,731,103.22 12.62 106,477 11.175 6.442 17.18 31 358.3
--------------------------------------------------------------------------------------------------------------------
Lender Paid MI 524 60,433,282.73 87.38 115,331 10.653 6.321 16.66 30 359.6
(Unknown Company)
--------------------------------------------------------------------------------------------------------------------
TOTAL: 606 69,164,385.95 100 114,133 10.719 6.336 16.72 30 359.5
--------------------------------------------------------------------------------------------------------------------
<CAPTION>
WTD WTD
AVG AVG
WTD COMB COMB
AVG WTD WTD ORIG ORIG
STATED WTD AVG AVG LTV LTV
REMAIN AVG ORIG CURR EXCLUDES INCLUDES
LENDER PAID MI TERM AGE LTV LTV JR LIENS JR LIENS
COMPANY, CURRENT
LTV>80
-----------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
No Insurance 357.4 1 87.6 87.6 87.6 88.05
-----------------------------------------------------------------------------
Lender Paid MI 358.7 1 90 90 90.03 90.31
(Unknown Company)
-----------------------------------------------------------------------------
TOTAL: 358.5 1 89.7 89.7 89.72 90.02
-----------------------------------------------------------------------------
</TABLE>
TOP
-------------------------------------------------------------------------------
17. SECTION 32
<PAGE>
<TABLE>
<CAPTION>
WTD
% OF WTD AVG WTD
NUMBER TOTAL TOTAL AVG WTD WTD AVG MOS AVG
OF CURRENT CURRENT CURRENT AVG AVG MAX TO ORIG
SECTION 32 LOANS BALANCE BALANCE BALANCE COUPON MARGIN RATE ROLL TERM
-------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Not High Cost 2,085 218,518,303.87 100 104,805 10.634 6.232 16.64 31 358.7
-------------------------------------------------------------------------------------------------------------------
TOTAL: 2,085 218,518,303.87 100 104,805 10.634 6.232 16.64 31 358.7
-------------------------------------------------------------------------------------------------------------------
<CAPTION>
WTD WTD
AVG AVG
WTD COMB COMB
AVG WTD WTD ORIG ORIG
STATED WTD AVG AVG LTV LTV
REMAIN AVG ORIG CURR EXCLUDES INCLUDES
SECTION 32 TERM AGE LTV LTV JR LIENS JR LIENS
----------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
Not High Cost 357.8 0.8 78.6 78.5 78.63 79.1
----------------------------------------------------------------------------
TOTAL: 357.8 0.8 78.6 78.5 78.63 79.1
----------------------------------------------------------------------------
</TABLE>
TOP
-------------------------------------------------------------------------------
18. ADJUSTMENT TYPE
<TABLE>
<CAPTION>
WTD
% OF WTD AVG WTD
NUMBER TOTAL TOTAL AVG WTD WTD AVG MOS AVG
OF CURRENT CURRENT CURRENT AVG AVG MAX TO ORIG
ADJUSTMENT TYPE LOANS BALANCE BALANCE BALANCE COUPON MARGIN RATE ROLL TERM
------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
ARM 2,085 218,518,303.87 100 104,805 10.634 6.232 16.64 31 358.7
------------------------------------------------------------------------------------------------------------------
TOTAL: 2,085 218,518,303.87 100 104,805 10.634 6.232 16.64 31 358.7
------------------------------------------------------------------------------------------------------------------
<CAPTION>
WTD COMB COMB
AVG WTD WTD ORIG ORIG
STATED WTD AVG AVG LTV LTV
REMAIN AVG ORIG CURR EXCLUDES INCLUDES
ADJUSTMENT TYPE TERM AGE LTV LTV JR LIENS JR LIENS
---------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
ARM 357.8 0.8 78.6 78.5 78.63 79.1
---------------------------------------------------------------------------
TOTAL: 357.8 0.8 78.6 78.5 78.63 79.1
---------------------------------------------------------------------------
</TABLE>
TOP
-------------------------------------------------------------------------------
19. BALLOON
<TABLE>
<CAPTION>
WTD
% OF WTD AVG WTD
NUMBER TOTAL TOTAL AVG WTD WTD AVG MOS AVG
OF CURRENT CURRENT CURRENT AVG AVG MAX TO ORIG
BALLOON LOANS BALANCE BALANCE BALANCE COUPON MARGIN RATE ROLL TERM
------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Non-Balloon 2,085 218,518,303.87 100 104,805 10.634 6.232 16.64 31 358.7
------------------------------------------------------------------------------------------------------------------
TOTAL: 2,085 218,518,303.87 100 104,805 10.634 6.232 16.64 31 358.7
------------------------------------------------------------------------------------------------------------------
<CAPTION>
WTD WTD
AVG AVG
WTD COMB COMB
AVG WTD WTD ORIG ORIG
STATED WTD AVG AVG LTV LTV
REMAIN AVG ORIG CURR EXCLUDES INCLUDES
BALLOON TERM AGE LTV LTV JR LIENS JR LIENS
-------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
Non-Balloon 357.8 0.8 78.6 78.5 78.63 79.1
-------------------------------------------------------------------------
TOTAL: 357.8 0.8 78.6 78.5 78.63 79.1
-------------------------------------------------------------------------
</TABLE>
TOP
-------------------------------------------------------------------------------
20. ORIGINAL TERM
<TABLE>
<CAPTION>
WTD
% OF WTD AVG WTD
NUMBER TOTAL TOTAL AVG WTD WTD AVG MOS AVG
OF CURRENT CURRENT CURRENT AVG AVG MAX TO ORIG
ORIGINAL TERM LOANS BALANCE BALANCE BALANCE COUPON MARGIN RATE ROLL TERM
------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
121 - 180 16 1,404,442.61 0.64 87,778 11.154 6.367 17.15 34 180
------------------------------------------------------------------------------------------------------------------
181 - 240 4 347,250.00 0.16 86,813 9.998 5.98 16 36 240
------------------------------------------------------------------------------------------------------------------
301 - 360 2,065 216,766,611.26 99.2 104,972 10.632 6.232 16.64 31 360
------------------------------------------------------------------------------------------------------------------
TOTAL: 2,085 218,518,303.87 100 104,805 10.634 6.232 16.64 31 358.7
------------------------------------------------------------------------------------------------------------------
<CAPTION>
WTD WTD
AVG AVG
WTD COMB COMB
AVG WTD WTD ORIG ORIG
STATED WTD AVG AVG LTV LTV
REMAIN AVG ORIG CURR EXCLUDES INCLUDES
ORIGINAL TERM TERM AGE LTV LTV JR LIENS JR LIENS
---------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
121 - 180 179.5 0.5 75 74.5 75.01 75.35
---------------------------------------------------------------------------
181 - 240 240 0 71.9 71.9 72.05 71.92
---------------------------------------------------------------------------
301 - 360 359.2 0.8 78.6 78.6 78.67 79.14
---------------------------------------------------------------------------
TOTAL: 357.8 0.8 78.6 78.5 78.63 79.1
---------------------------------------------------------------------------
</TABLE>
Minimum: 180
Maximum: 360
Weighted Average: 358.7
TOP
-------------------------------------------------------------------------------
21. SEASONING
<TABLE>
<CAPTION>
WTD
% OF WTD AVG WTD
NUMBER TOTAL TOTAL AVG WTD WTD AVG MOS AVG
OF CURRENT CURRENT CURRENT AVG AVG MAX TO ORIG
SEASONING LOANS BALANCE BALANCE BALANCE COUPON MARGIN RATE ROLL TERM
------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
< = 0 1,090 112,149,028.67 51.32 102,889 10.669 6.212 16.67 32 358.6
------------------------------------------------------------------------------------------------------------------
1 - 12 995 106,369,275.20 48.68 106,904 10.597 6.254 16.6 30 358.7
------------------------------------------------------------------------------------------------------------------
TOTAL: 2,085 218,518,303.87 100 104,805 10.634 6.232 16.64 31 358.7
------------------------------------------------------------------------------------------------------------------
<CAPTION>
WTD WTD
AVG AVG
WTD COMB COMB
AVG WTD WTD ORIG ORIG
STATED WTD AVG AVG LTV LTV
REMAIN AVG ORIG CURR EXCLUDES INCLUDES
SEASONING TERM AGE LTV LTV JR LIENS JR LIENS
-------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
< = 0 358.6 0 78.3 78.3 78.36 78.9
-------------------------------------------------------------------------
1 - 12 357 1.7 78.9 78.8 78.91 79.31
-------------------------------------------------------------------------
TOTAL: 357.8 0.8 78.6 78.5 78.63 79.1
-------------------------------------------------------------------------
</TABLE>
Minimum: 0
Maximum: 12
Weighted Average: 0.8
TOP
-------------------------------------------------------------------------------
22. REMAINING TERM TO STATED MATURITY
<TABLE>
<CAPTION>
WTD
% OF WTD AVG WTD
NUMBER TOTAL TOTAL AVG WTD WTD AVG MOS AVG
REMAINING TERM OF CURRENT CURRENT CURRENT AVG AVG MAX TO ORIG
TO STATED MATURITY LOANS BALANCE BALANCE BALANCE COUPON MARGIN RATE ROLL TERM
------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
121 - 180 16 1,404,442.61 0.64 87,778 11.154 6.367 17.15 34 180
181 - 240 4 347,250.00 0.16 86,813 9.998 5.98 16 36 240
301 - 360 2,065 216,766,611.26 99.2 104,972 10.632 6.232 16.64 31 360
TOTAL: 2,085 218,518,303.87 100 104,805 10.634 6.232 16.64 31 358.7
<CAPTION>
WTD WTD
AVG AVG
WTD COMB COMB
AVG WTD WTD ORIG ORIG
STATED WTD AVG AVG LTV LTV
REMAINING TERM REMAIN AVG ORIG CURR EXCLUDES INCLUDES
TO STATED MATURITY TERM AGE LTV LTV JR LIENS JR LIENS
-------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
121 - 180 179.5 0.5 75 74.5 75.01 75.35
181 - 240 240 0 71.9 71.9 72.05 71.92
301 - 360 359.2 0.8 78.6 78.6 78.67 79.14
TOTAL: 357.8 0.8 78.6 78.5 78.63 79.1
</TABLE>
<PAGE>
Minimum: 179
Maximum: 360
Weighted Average: 357.8
TOP
-----------------------------
23. CALCULATED REMAINING TERM
<TABLE>
<CAPTION>
WTD WTD
AVG AVG
WTD WTD COMB COMB
% OF WTD AVG WTD AVG WTD WTD ORIG ORIG
NUMBER TOTAL TOTAL AVG WTD WTD AVG MOS AVG STATED WTD AVG AVG LTV LTV
OF CURRENT CURRENT CURRENT AVG AVG MAX TO ORIG REMAIN AVG ORIG CURR EXCLUDES INCLUDES
CALCULATED
REMAINING LOANS BALANCE BALANCE BALANCE COUPON MARGIN RATE ROLL TERM TERM AGE LTV LTV JR LIENS JR LIENS
TERM
----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
121 - 180 16 1,404,442.61 0.64 87,778 11.154 6.367 17.15 34 180 179.5 0.5 75 74.5 75.01 75.35
----------------------------------------------------------------------------------------------------------------------------------
181 - 240 4 347,250.00 0.16 86,813 9.998 5.98 16 36 240 240 0 71.9 71.9 72.05 71.92
----------------------------------------------------------------------------------------------------------------------------------
241 - 300 1 24,581.01 0.01 24,581 12.75 4.625 18.75 23 360 359 1 6.52 6.16 6.5 6.52
----------------------------------------------------------------------------------------------------------------------------------
301 - 360 2,064 216,742,030.25 99.19 105,011 10.632 6.232 16.64 31 360 359.2 0.8 78.6 78.6 78.67 79.15
----------------------------------------------------------------------------------------------------------------------------------
TOTAL: 2,085 218,518,303.87 100 104,805 10.634 6.232 16.64 31 358.7 357.8 0.8 78.6 78.5 78.63 79.1
----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
Minimum: 179
Maximum: 360
Weighted Average: 357.790
Weighted Average: 357.790
TOP
-------------------------------------------------------------------------------
24. FIRST PAYMENT DATE
<TABLE>
<CAPTION>
WTD WTD
AVG AVG
WTD WTD COMB COMB
% OF WTD AVG WTD AVG WTD WTD ORIG ORIG
FIRST NUMBER TOTAL TOTAL AVG WTD WTD AVG MOS AVG STATED WTD AVG AVG LTV LTV
PAYMENT OF CURRENT CURRENT CURRENT AVG AVG MAX TO ORIG REMAIN AVG ORIG CURR EXCLUDES INCLUDES
DATE LOANS BALANCE BALANCE BALANCE COUPON MARGIN RATE ROLL TERM TERM AGE LTV LTV JR LIENS JR LIENS
--------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
1999 1 156,919.02 0.07 156,919 11.5 6 17.5 24 360 348 12 75 74.7 75 75.95
--------------------------------------------------------------------------------------------------------------------------------
2000 1,916 201,217,117.85 92.08 105,019 10.638 6.228 16.64 31 358.5 357.7 0.9 78.6 78.6 78.66 79.14
--------------------------------------------------------------------------------------------------------------------------------
2001 168 17,144,267.00 7.85 102,049 10.578 6.286 16.58 34 360 360 0 78.2 78.2 78.29 78.71
--------------------------------------------------------------------------------------------------------------------------------
TOTAL: 2,085 218,518,303.87 100 104,805 10.634 6.232 16.64 31 358.7 357.8 0.8 78.6 78.5 78.63 79.1
--------------------------------------------------------------------------------------------------------------------------------
</TABLE>
Minimum: 1999-12-01
Maximum: 2001-02-01
Weighted Average: 2000-11-08
TOP
-------------------------------------------------------------------------------
25. PAID THRU DATE
<TABLE>
<CAPTION>
WTD WTD
AVG AVG
WTD WTD COMB COMB
% OF WTD AVG WTD AVG WTD WTD ORIG ORIG
PAID NUMBER TOTAL TOTAL AVG WTD WTD AVG MOS AVG STATED WTD AVG AVG LTV LTV
THRU OF CURRENT CURRENT CURRENT AVG AVG MAX TO ORIG REMAIN AVG ORIG CURR EXCLUDES INCLUDES
DATE LOANS BALANCE BALANCE BALANCE COUPON MARGIN RATE ROLL TERM TERM AGE LTV LTV JR LIENS JR LIENS
-----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
2000-09 25 2,207,825.44 1.01 88,313 11.5 6.773 17.52 31 360 356.6 3.4 77.7 77.4 77.72 78.76
-----------------------------------------------------------------------------------------------------------------------------------
2000-10 217 23,335,528.16 10.68 107,537 10.712 6.41 16.73 32 359.4 357.5 1.9 77.4 77.3 77.52 77.87
-----------------------------------------------------------------------------------------------------------------------------------
2000-11 1,644 172,960,004.77 79.15 105,207 10.624 6.199 16.63 31 358.4 357.7 0.7 78.8 78.7 78.81 79.29
-----------------------------------------------------------------------------------------------------------------------------------
2000-12 198 19,926,945.50 9.12 100,641 10.529 6.247 16.53 33 360 359.8 0.2 78.4 78.3 78.45 78.97
-----------------------------------------------------------------------------------------------------------------------------------
2001-01 1 88,000.00 0.04 88,000 11.5 6.875 17.5 38 360 360 0 80 80 80 80
-----------------------------------------------------------------------------------------------------------------------------------
TOTAL: 2,085 218,518,303.87 100 104,805 10.634 6.232 16.64 31 358.7 357.8 0.8 78.6 78.5 78.63 79.1
-----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
Minimum: 2000-09-01
Maximum: 2001-01-01
Weighted Average: 2000-10-31
TOP
-------------------------------------------------------------------------------
26. MONTHS DELINQUENT
<TABLE>
<CAPTION>
WTD WTD
AVG AVG
WTD WTD COMB COMB
% OF WTD AVG WTD AVG WTD WTD ORIG ORIG
NUMBER TOTAL TOTAL AVG WTD WTD AVG MOS AVG STATED WTD AVG AVG LTV LTV
MONTHS OF CURRENT CURRENT CURRENT AVG AVG MAX TO ORIG REMAIN AVG ORIG CURR EXCLUDES INCLUDES
DELINQUENT LOANS BALANCE BALANCE BALANCE COUPON MARGIN RATE ROLL TERM TERM AGE LTV LTV JR LIENS JR LIENS
-----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
0 2,060 216,310,478.43 98.99 105,005 10.625 6.227 16.63 31 358.6 357.8 0.8 78.6 78.5 78.64 79.1
-----------------------------------------------------------------------------------------------------------------------------------
1 25 2,207,825.44 1.01 88,313 11.5 6.773 17.52 31 360 356.6 3.4 77.7 77.4 77.72 78.76
-----------------------------------------------------------------------------------------------------------------------------------
TOTAL: 2,085 218,518,303.87 100 104,805 10.634 6.232 16.64 31 358.7 357.8 0.8 78.6 78.5 78.63 79.1
-----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
Minimum: 0
Maximum: 1
Weighted Average: 0.0
TOP
-------------------------------------------------------------------------------
<PAGE>
27. GEOGRAPHIC DISTRIBUTION BY STATE
<TABLE>
<CAPTION>
WTD WTD
AVG AVG
WTD WTD COMB COMB
% OF WTD AVG WTD AVG WTD WTD ORIG ORIG
GEOGRAPHIC NUMBER TOTAL TOTAL AVG WTD WTD AVG MOS AVG STATED WTD AVG AVG LTV LTV
DISTRIBUTION OF CURRENT CURRENT CURRENT AVG AVG MAX TO ORIG REMAIN AVG ORIG CURR EXCLUDES INCLUDES
BY STATE LOANS BALANCE BALANCE BALANCE COUPON MARGIN RATE ROLL TERM TERM AGE LTV LTV JR LIENS JR LIENS
-----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Arizona 44 4,236,520.25 1.94 96,285 10.393 6.332 16.39 29 360 359.2 0.8 77.6 77.6 77.76 77.83
-----------------------------------------------------------------------------------------------------------------------------------
Arkansas 4 373,751.93 0.17 93,438 11.342 6.162 17.34 32 360 359.6 0.4 80 80 80 82.77
-----------------------------------------------------------------------------------------------------------------------------------
California 375 59,994,314.84 27.46 159,985 9.947 6.121 15.95 29 360 359.2 0.8 77.3 77.3 77.37 77.51
-----------------------------------------------------------------------------------------------------------------------------------
Colorado 37 5,108,190.92 2.34 138,059 10.3 6.179 16.3 31 360 359.1 0.9 77.7 77.7 77.79 78.03
-----------------------------------------------------------------------------------------------------------------------------------
Connecticut 32 2,877,126.60 1.32 89,910 11.76 6.209 17.76 34 360 359.1 0.9 80.2 80.1 80.15 81.45
-----------------------------------------------------------------------------------------------------------------------------------
Delaware 1 31,920.00 0.01 31,920 10.825 5.375 16.83 36 360 360 0 80 80 80 80
-----------------------------------------------------------------------------------------------------------------------------------
District of
Columbia 1 73,934.26 0.03 73,934 10 4.875 16 35 360 359 1 64.4 64.3 64.4 64.35
-----------------------------------------------------------------------------------------------------------------------------------
Florida 308 27,885,791.04 12.76 90,538 10.652 6.146 16.65 34 358.1 357.2 0.9 84.3 84.2 84.26 85.08
-----------------------------------------------------------------------------------------------------------------------------------
Georgia 33 3,412,607.21 1.56 103,412 11.847 6.389 17.87 31 360 359.2 0.8 80.8 80.7 80.76 81.53
-----------------------------------------------------------------------------------------------------------------------------------
Hawaii 42 8,083,613.41 3.7 192,467 9.969 5.998 15.97 26 360 358.9 1.1 79.3 79.2 79.26 79.49
-----------------------------------------------------------------------------------------------------------------------------------
Idaho 7 534,700.23 0.24 76,386 10.724 6.818 16.72 33 360 358.2 1.8 78.8 78.7 78.85 78.76
-----------------------------------------------------------------------------------------------------------------------------------
Illinois 67 6,424,637.78 2.94 95,890 10.647 6.431 16.65 32 360 358.9 1.1 75.9 75.9 76.02 76.27
-----------------------------------------------------------------------------------------------------------------------------------
Indiana 48 3,088,080.83 1.41 64,335 11.372 6.241 17.37 33 360 359.3 0.7 77.5 77.5 77.54 78.6
-----------------------------------------------------------------------------------------------------------------------------------
Iowa 43 2,945,298.42 1.35 68,495 10.636 6.455 16.64 34 360 358.7 1.3 76.7 76.6 76.73 76.89
-----------------------------------------------------------------------------------------------------------------------------------
Kansas 6 567,782.70 0.26 94,630 11.686 6.755 17.78 34 360 359.5 0.5 70.9 70.9 71.12 70.88
-----------------------------------------------------------------------------------------------------------------------------------
Kentucky 24 1,431,510.38 0.66 59,646 11.898 6.471 17.9 33 360 359.2 0.8 82.6 82.6 82.57 83.18
-----------------------------------------------------------------------------------------------------------------------------------
Louisiana 26 1,934,665.34 0.89 74,410 10.816 6.326 16.82 33 355.4 354.3 1.1 80.4 80 80.39 80.74
-----------------------------------------------------------------------------------------------------------------------------------
Maine 3 275,906.61 0.13 91,969 11.019 5.888 17.02 30 360 359.6 0.4 79.1 79 79.05 79.05
-----------------------------------------------------------------------------------------------------------------------------------
Maryland 16 1,778,408.61 0.81 111,151 11.082 6.319 17.08 33 360 359.2 0.8 77.7 77.7 77.79 77.8
-----------------------------------------------------------------------------------------------------------------------------------
Massachusetts 27 3,335,783.07 1.53 123,548 10.692 6.047 16.69 34 360 359.8 0.2 75.1 75.1 75.15 75.41
-----------------------------------------------------------------------------------------------------------------------------------
Michigan 80 6,059,286.23 2.77 75,741 11.299 6.345 17.32 31 356.6 356 0.7 78.2 78.1 78.27 78.41
-----------------------------------------------------------------------------------------------------------------------------------
Minnesota 78 7,717,016.06 3.53 98,936 10.594 6.267 16.59 28 353.9 353.2 0.7 76.7 76.5 76.72 77.21
-----------------------------------------------------------------------------------------------------------------------------------
Mississippi 26 2,027,870.46 0.93 77,995 11.141 6.2 17.14 33 360 359.3 0.7 82.9 82.6 82.94 83.2
-----------------------------------------------------------------------------------------------------------------------------------
Missouri 86 5,731,291.09 2.62 66,643 11.704 6.552 17.7 35 360 359.2 0.8 74.7 74.6 74.73 75.77
-----------------------------------------------------------------------------------------------------------------------------------
Montana 17 1,500,187.82 0.69 88,246 9.996 6.167 16 34 360 359.2 0.8 72.5 72.5 72.64 72.5
-----------------------------------------------------------------------------------------------------------------------------------
Nebraska 19 1,193,154.70 0.55 62,798 11.558 6.461 17.56 36 345.3 345 0.3 77.3 77.3 77.42 78.28
-----------------------------------------------------------------------------------------------------------------------------------
Nevada 24 2,997,671.83 1.37 124,903 10.528 6.525 16.53 33 360 359.7 0.3 77.2 76.9 77.19 77.59
-----------------------------------------------------------------------------------------------------------------------------------
New Hampshire 3 319,714.57 0.15 106,572 11.116 6.059 17.12 35 360 358.8 1.2 80 79.9 80 82.25
-----------------------------------------------------------------------------------------------------------------------------------
New Jersey 3 494,750.00 0.23 164,917 11.044 6.416 17.04 31 330.6 330.6 0 89.2 89.2 89.18 89.18
-----------------------------------------------------------------------------------------------------------------------------------
New Mexico 3 339,620.00 0.16 113,207 11.435 6.683 17.44 27 291.2 291.2 0 82.3 82.3 82.32 82.32
-----------------------------------------------------------------------------------------------------------------------------------
New York 59 6,590,902.71 3.02 111,710 11.404 6.347 17.4 33 360 359.3 0.7 76.7 76.7 76.73 77.37
-----------------------------------------------------------------------------------------------------------------------------------
North Carolina 61 4,643,004.26 2.12 76,115 11.399 6.495 17.4 34 353.9 353.2 0.7 76.7 76.7 76.76 77.08
-----------------------------------------------------------------------------------------------------------------------------------
Ohio 112 8,428,654.17 3.86 75,256 11.156 6.5 17.16 34 359.2 358.4 0.9 79.9 79.8 79.92 80.25
-----------------------------------------------------------------------------------------------------------------------------------
Oklahoma 16 901,778.00 0.41 56,361 11.341 6.296 17.34 33 360 359.2 0.8 77.5 77.5 77.58 81.03
-----------------------------------------------------------------------------------------------------------------------------------
Oregon 26 2,951,333.97 1.35 113,513 10.604 6.369 16.6 31 360 359.2 0.8 75.7 75.7 75.82 76.34
-----------------------------------------------------------------------------------------------------------------------------------
Pennsylvania 40 3,073,981.63 1.41 76,850 11.143 6.551 17.14 33 360 359 1 78.1 78.1 78.16 78.39
-----------------------------------------------------------------------------------------------------------------------------------
Rhode Island 2 118,500.00 0.05 59,250 11.532 5.5 17.53 36 360 360 0 75 75 75 79.43
-----------------------------------------------------------------------------------------------------------------------------------
South Carolina 16 1,410,821.53 0.65 88,176 12.403 6.641 18.4 35 340.1 339.2 0.9 73.8 73.8 73.81 74.57
-----------------------------------------------------------------------------------------------------------------------------------
Tennessee 27 2,451,114.59 1.12 90,782 11.57 6.454 17.57 31 341 339.9 1.1 79.3 79.2 79.35 79.93
-----------------------------------------------------------------------------------------------------------------------------------
Texas 88 7,923,058.47 3.63 90,035 11.678 6.093 17.68 33 360 359.3 0.7 81.7 81.6 81.66 83.16
-----------------------------------------------------------------------------------------------------------------------------------
Utah 18 2,064,479.40 0.94 114,693 10.327 6.296 16.33 33 360 358.6 1.4 76.8 76.8 76.82 76.83
-----------------------------------------------------------------------------------------------------------------------------------
Virginia 27 2,091,088.51 0.96 77,448 11.763 6.386 17.76 34 360 358.9 1.1 76.4 76.3 76.42 76.65
-----------------------------------------------------------------------------------------------------------------------------------
Washington 83 11,130,728.52 5.09 134,105 9.933 6.013 15.93 26 360 359.4 0.6 78.9 78.9 78.93 79.75
-----------------------------------------------------------------------------------------------------------------------------------
West Virginia 4 212,931.32 0.1 53,233 11.815 5.944 17.82 35 360 359.4 0.6 70.3 70.3 70.31 70.3
-----------------------------------------------------------------------------------------------------------------------------------
Wisconsin 23 1,750,819.60 0.8 76,123 11.317 6.482 17.32 34 360 359.4 0.6 74.2 74.2 74.23 74.66
-----------------------------------------------------------------------------------------------------------------------------------
TOTAL: 2,085 218,518,303.87 100 104,805 10.634 6.232 16.64 31 358.7 357.8 0.8 78.6 78.5 78.63 79.1
-----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
Number of States Represented: 45
TOP
-------------------------------------------------------------------------------
28. TOP 10 GEOGRAPHIC DISTRIBUTION BY BALANCE
<TABLE>
<CAPTION>
WTD WTD
AVG AVG
WTD WTD COMB COMB
TOP 10 % OF WTD AVG WTD AVG WTD WTD ORIG ORIG
GEOGRAPHIC NUMBER TOTAL TOTAL AVG WTD WTD AVG MOS AVG STATED WTD AVG AVG LTV LTV
DISTRIBUTION OF CURRENT CURRENT CURRENT AVG AVG MAX TO ORIG REMAIN AVG ORIG CURR EXCLUDES INCLUDES
BY BALANCE LOANS BALANCE BALANCE BALANCE COUPON MARGIN RATE ROLL TERM TERM AGE LTV LTV JR LIENS JR LIENS
-----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
California 375 59,994,314.84 27.46 159,985 9.947 6.121 15.95 29 360 359.2 0.8 77.3 77.3 77.37 77.51
-----------------------------------------------------------------------------------------------------------------------------------
Florida 308 27,885,791.04 12.76 90,538 10.652 6.146 16.65 34 358.1 357.2 0.9 84.3 84.2 84.26 85.08
-----------------------------------------------------------------------------------------------------------------------------------
Washington 83 11,130,728.52 5.09 134,105 9.933 6.013 15.93 26 360 359.4 0.6 78.9 78.9 78.93 79.75
-----------------------------------------------------------------------------------------------------------------------------------
Ohio 112 8,428,654.17 3.86 75,256 11.156 6.5 17.16 34 359.2 358.4 0.9 79.9 79.8 79.92 80.25
-----------------------------------------------------------------------------------------------------------------------------------
Hawaii 42 8,083,613.41 3.7 192,467 9.969 5.998 15.97 26 360 358.9 1.1 79.3 79.2 79.26 79.49
-----------------------------------------------------------------------------------------------------------------------------------
Texas 88 7,923,058.47 3.63 90,035 11.678 6.093 17.68 33 360 359.3 0.7 81.7 81.6 81.66 83.16
-----------------------------------------------------------------------------------------------------------------------------------
Minnesota 78 7,717,016.06 3.53 98,936 10.594 6.267 16.59 28 353.9 353.2 0.7 76.7 76.5 76.72 77.21
-----------------------------------------------------------------------------------------------------------------------------------
New York 59 6,590,902.71 3.02 111,710 11.404 6.347 17.4 33 360 359.3 0.7 76.7 76.7 76.73 77.37
-----------------------------------------------------------------------------------------------------------------------------------
Illinois 67 6,424,637.78 2.94 95,890 10.647 6.431 16.65 32 360 358.9 1.1 75.9 75.9 76.02 76.27
-----------------------------------------------------------------------------------------------------------------------------------
Michigan 80 6,059,286.23 2.77 75,741 11.299 6.345 17.32 31 356.6 356 0.7 78.2 78.1 78.27 78.41
-----------------------------------------------------------------------------------------------------------------------------------
Other 793 68,280,300.64 31.25 86,104 11.109 6.368 17.11 33 357.5 356.8 0.8 77.4 77.4 77.49 78
-----------------------------------------------------------------------------------------------------------------------------------
TOTAL: 2,085 218,518,303.87 100 104,805 10.634 6.232 16.64 31 358.7 357.8 0.8 78.6 78.5 78.63 79.1
-----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
Number of States Represented: 45
TOP
-------------------------------------------------------------------------------
29. TOP 10 ZIP CODE CONCENTRATIONS
<TABLE>
<CAPTION>
WTD WTD
AVG AVG
WTD WTD COMB COMB
% OF WTD AVG WTD AVG WTD WTD ORIG ORIG
TOP 10 NUMBER TOTAL TOTAL AVG WTD WTD AVG MOS AVG STATED WTD AVG AVG LTV LTV
ZIP CODE OF CURRENT CURRENT CURRENT AVG AVG MAX TO ORIG REMAIN AVG ORIG CURR EXCLUDES INCLUDES
CONCENTRATIONS LOANS BALANCE BALANCE BALANCE COUPON MARGIN RATE ROLL TERM TERM AGE LTV LTV JR LIENS JR LIENS
-----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
95023 5 1,106,395.24 0.51 221,279 8.74 5.525 14.74 24 360 359.3 0.7 77.2 77.1 77.17 77.15
-----------------------------------------------------------------------------------------------------------------------------------
96746 3 873,221.31 0.4 291,074 10.369 5.811 16.37 30 360 358.8 1.2 73.6 73.5 73.57 73.55
-----------------------------------------------------------------------------------------------------------------------------------
96819 3 833,062.88 0.38 277,688 9.861 5.973 15.86 22 360 357.7 2.3 83.3 83.2 83.31 83.31
-----------------------------------------------------------------------------------------------------------------------------------
94605 4 808,015.57 0.37 202,004 10.05 6.446 16.05 29 360 358.9 1.1 77.4 77.3 77.27 77.36
-----------------------------------------------------------------------------------------------------------------------------------
<PAGE>
93551 4 802,821.56 0.37 200,705 10.09 6.287 16.09 26 360 359.6 0.4 84.3 84.3 84.29 84.27
-----------------------------------------------------------------------------------------------------------------------------------
94591 4 737,928.27 0.34 184,482 9.871 6.12 15.87 31 360 359.7 0.3 77.1 77.1 77.06 78.29
-----------------------------------------------------------------------------------------------------------------------------------
95122 3 715,000.00 0.33 238,333 10.444 6.013 16.44 33 360 360 0 68.5 68.5 68.48 68.46
-----------------------------------------------------------------------------------------------------------------------------------
96701 2 634,800.00 0.29 317,400 9.593 5.638 15.59 24 360 360 0 74.3 74.3 74.38 74.33
-----------------------------------------------------------------------------------------------------------------------------------
94609 2 629,849.25 0.29 314,925 10.403 6.167 16.4 29 360 359.4 0.6 74 73.9 73.99 73.95
-----------------------------------------------------------------------------------------------------------------------------------
90003 4 579,077.68 0.27 144,769 10.875 6.433 16.88 25 360 359.4 0.6 82.6 82.6 82.59 83.13
-----------------------------------------------------------------------------------------------------------------------------------
Other 2,051 210,798,132.11 96.47 102,778 10.659 6.24 16.66 31 358.6 357.8 0.8 78.6 78.6 78.68 79.16
-----------------------------------------------------------------------------------------------------------------------------------
TOTAL: 2,085 218,518,303.87 100 104,805 10.634 6.232 16.64 31 358.7 357.8 0.8 78.6 78.5 78.63 79.1
-----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
TOP
-------------------------------------------------------------------------------
30. PROPERTY TYPE
<TABLE>
<CAPTION>
WTD WTD
AVG AVG
WTD WTD COMB COMB
% OF WTD AVG WTD AVG WTD WTD ORIG ORIG
NUMBER TOTAL TOTAL AVG WTD WTD AVG MOS AVG STATED WTD AVG AVG LTV LTV
OF CURRENT CURRENT CURRENT AVG AVG MAX TO ORIG REMAIN AVG ORIG CURR EXCLUDES INCLUDES
PROPERTY TYPE LOANS BALANCE BALANCE BALANCE COUPON MARGIN RATE ROLL TERM TERM AGE LTV LTV JR LIENS JR LIENS
---------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Single Family
Residence 1,828 191,989,053.20 87.86 105,027 10.619 6.239 16.62 31 358.7 357.8 0.8 78.6 78.5 78.61 79.07
---------------------------------------------------------------------------------------------------------------------------------
Condo 123 11,769,252.28 5.39 95,685 10.483 6.12 16.48 31 360 359.1 0.9 83.2 83.2 83.21 83.72
---------------------------------------------------------------------------------------------------------------------------------
2 Family 72 7,030,514.49 3.22 97,646 11.159 6.272 17.16 31 360 359.2 0.8 75.8 75.8 75.83 76.41
---------------------------------------------------------------------------------------------------------------------------------
3 Family 23 3,338,286.37 1.53 145,143 11.073 6.266 17.07 31 360 359.3 0.7 74.1 74.1 74.14 74.6
---------------------------------------------------------------------------------------------------------------------------------
4 Family 15 1,992,526.37 0.91 132,835 10.532 5.962 16.56 29 360 359.5 0.5 74.5 74.5 74.5 74.66
---------------------------------------------------------------------------------------------------------------------------------
Townhouse 17 1,838,254.53 0.84 108,133 10.132 6.212 16.13 35 360 359.1 0.9 75.6 75.6 75.69 76.51
---------------------------------------------------------------------------------------------------------------------------------
Manufactured 7 560,416.63 0.26 80,060 11.845 6.574 17.85 35 294.2 293.5 0.7 76.1 76.1 76.24 76.14
Housing
---------------------------------------------------------------------------------------------------------------------------------
TOTAL: 2,085 218,518,303.87 100 104,805 10.634 6.232 16.64 31 358.7 357.8 0.8 78.6 78.5 78.63 79.1
---------------------------------------------------------------------------------------------------------------------------------
</TABLE>
TOP
-------------------------------------------------------------------------------
31. NUMBER OF UNITS
<TABLE>
<CAPTION>
WTD WTD
AVG AVG
WTD WTD COMB COMB
% OF WTD AVG WTD AVG WTD WTD ORIG ORIG
NUMBER TOTAL TOTAL AVG WTD WTD AVG MOS AVG STATED WTD AVG AVG LTV LTV
OF CURRENT CURRENT CURRENT AVG AVG MAX TO ORIG REMAIN AVG ORIG CURR EXCLUDES INCLUDES
NUMBER OF UNITS LOANS BALANCE BALANCE BALANCE COUPON MARGIN RATE ROLL TERM TERM AGE LTV LTV JR LIENS JR LIENS
-----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
1 1,975 206,156,976.64 94.34 104,383 10.61 6.233 16.61 31 358.6 357.7 0.8 78.8 78.7 78.84 79.31
-----------------------------------------------------------------------------------------------------------------------------------
2 72 7,030,514.49 3.22 97,646 11.159 6.272 17.16 31 360 359.2 0.8 75.8 75.8 75.83 76.41
-----------------------------------------------------------------------------------------------------------------------------------
3 23 3,338,286.37 1.53 145,143 11.073 6.266 17.07 31 360 359.3 0.7 74.1 74.1 74.14 74.6
-----------------------------------------------------------------------------------------------------------------------------------
4 15 1,992,526.37 0.91 132,835 10.532 5.962 16.56 29 360 359.5 0.5 74.5 74.5 74.5 74.66
-----------------------------------------------------------------------------------------------------------------------------------
TOTAL: 2,085 218,518,303.87 100 104,805 10.634 6.232 16.64 31 358.7 357.8 0.8 78.6 78.5 78.63 79.1
-----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
TOP
-------------------------------------------------------------------------------
32. OCCUPANCY
<TABLE>
<CAPTION>
WTD WTD
AVG AVG
WTD WTD COMB COMB
% OF WTD AVG WTD AVG WTD WTD ORIG ORIG
NUMBER TOTAL TOTAL AVG WTD WTD AVG MOS AVG STATED WTD AVG AVG LTV LTV
OF CURRENT CURRENT CURRENT AVG AVG MAX TO ORIG REMAIN AVG ORIG CURR EXCLUDES INCLUDES
OCCUPANCY LOANS BALANCE BALANCE BALANCE COUPON MARGIN RATE ROLL TERM TERM AGE LTV LTV JR LIENS JR LIENS
-----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Primary 1,957 209,260,423.12 95.76 106,929 10.611 6.249 16.61 31 358.7 357.8 0.8 78.9 78.9 78.99 79.48
-----------------------------------------------------------------------------------------------------------------------------------
Investment 121 8,788,325.66 4.02 72,631 11.192 5.829 17.19 31 358.8 358.1 0.7 70.1 70 70.18 70.13
-----------------------------------------------------------------------------------------------------------------------------------
Second Home 7 469,555.09 0.21 67,079 10.542 6.293 16.54 29 348.5 348.3 0.2 77.6 77.6 77.58 77.58
-----------------------------------------------------------------------------------------------------------------------------------
TOTAL: 2,085 218,518,303.87 100 104,805 10.634 6.232 16.64 31 358.7 357.8 0.8 78.6 78.5 78.63 79.1
-----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
TOP
-------------------------------------------------------------------------------
33. OCCUPANCY CHECK (1ST FIELDS IS OCCUP STAT, 2ND IS PROPERTY CLASS)
<TABLE>
<CAPTION>
WTD WTD
AVG AVG
WTD WTD COMB COMB
OCCUPANCY CHECK % OF WTD AVG WTD AVG WTD WTD ORIG ORIG
(1ST FIELDS IS NUMBER TOTAL TOTAL AVG WTD WTD AVG MOS AVG STATED WTD AVG AVG LTV LTV
OCCUP STAT, 2ND OF CURRENT CURRENT CURRENT AVG AVG MAX TO ORIG REMAIN AVG ORIG CURR EXCLUDES INCLUDES
IS PROPERTY CLASS) LOANS BALANCE BALANCE BALANCE COUPON MARGIN RATE ROLL TERM TERM AGE LTV LTV JR LIENS JR LIENS
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
N 2 2 145,000.00 0.07 72,500 10.997 6.203 17 36 322.8 322.8 0 74.4 74.4 74.41 74.44
------------------------------------------------------------------------------------------------------------------------------------
N 3 121 8,788,325.66 4.02 72,631 11.192 5.829 17.19 31 358.8 358.1 0.7 70.1 70 70.18 70.13
------------------------------------------------------------------------------------------------------------------------------------
Y 1 1,957 209,260,423.12 95.76 106,929 10.611 6.249 16.61 31 358.7 357.8 0.8 78.9 78.9 78.99 79.48
------------------------------------------------------------------------------------------------------------------------------------
Y 2 5 324,555.09 0.15 64,911 10.339 6.333 16.34 26 360 359.6 0.4 79 79 79 78.99
------------------------------------------------------------------------------------------------------------------------------------
TOTAL: 2,085 218,518,303.87 100 104,805 10.634 6.232 16.64 31 358.7 357.8 0.8 78.6 78.5 78.63 79.1
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
TOP
-------------------------------------------------------------------------------
34. PURPOSE
<PAGE>
<TABLE>
<CAPTION>
% OF WTD
NUMBER TOTAL TOTAL AVG WTD WTD AVG
OF CURRENT CURRENT CURRENT AVG AVG MAX
PURPOSE LOANS BALANCE BALANCE BALANCE COUPON MARGIN RATE
--------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
Refinance - Cashout 888 97,337,373.63 44.54 109,614 10.433 6.2 16.44
--------------------------------------------------------------------------------------------------------
Purchase 829 82,573,038.94 37.79 99,606 10.805 6.151 16.81
--------------------------------------------------------------------------------------------------------
Refinance - Rate Term 368 38,607,891.30 17.67 104,913 10.778 6.487 16.78
--------------------------------------------------------------------------------------------------------
TOTAL: 2,085 218,518,303.87 100 104,805 10.634 6.232 16.64
--------------------------------------------------------------------------------------------------------
<CAPTION>
WTD WTD
AVG AVG
WTD WTD COMB COMB
AVG WTD AVG WTD WTD ORIG ORIG
MOS AVG STATED WTD AVG AVG LTV LTV
TO ORIG REMAIN AVG ORIG CURR EXCLUDES INCLUDES
PURPOSE ROLL TERM TERM AGE LTV LTV JR LIENS JR LIENS
--------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Refinance - Cashout 31 358.4 357.6 0.8 75.2 75.1 75.27 75.27
--------------------------------------------------------------------------------------------------------
Purchase 31 359.3 358.5 0.8 83.4 83.3 83.38 84.6
--------------------------------------------------------------------------------------------------------
Refinance - Rate Term 31 357.8 356.9 0.9 76.9 76.8 76.94 77.01
--------------------------------------------------------------------------------------------------------
TOTAL: 31 358.7 357.8 0.8 78.6 78.5 78.63 79.1
--------------------------------------------------------------------------------------------------------
</TABLE>
TOP
-------------------------------------------------------------------------------
35. DOCUMENTATION LEVEL
<TABLE>
<CAPTION>
% OF WTD
NUMBER TOTAL TOTAL AVG WTD WTD AVG
OF CURRENT CURRENT CURRENT AVG AVG MAX
DOCUMENTATION LEVEL LOANS BALANCE BALANCE BALANCE COUPON MARGIN RATE
--------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
Full 1,607 164,489,616.07 75.27 102,358 10.599 6.256 16.603
--------------------------------------------------------------------------------------------------------
No Income Verifier 375 41,846,620.88 19.15 111,591 10.78 6.126 16.78
--------------------------------------------------------------------------------------------------------
Light 103 12,182,066.92 5.57 118,272 10.608 6.273 16.61
--------------------------------------------------------------------------------------------------------
TOTAL: 2,085 218,518,303.87 100 104,805 10.634 6.232 16.64
--------------------------------------------------------------------------------------------------------
<CAPTION>
WTD WTD
AVG AVG
WTD WTD COMB COMB
AVG WTD AVG WTD WTD ORIG ORIG
MOS AVG STATED WTD AVG AVG LTV LTV
TO ORIG REMAIN AVG ORIG CURR EXCLUDES INCLUDES
DOCUMENTATION LEVEL ROLL TERM TERM AGE LTV LTV JR LIENS JR LIENS
--------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Full 31 358.7 357.8 0.8 80 80 80.08 80.52
--------------------------------------------------------------------------------------------------------
No Income Verifier 31 359 358.3 0.8 74.3 74.3 74.37 74.97
--------------------------------------------------------------------------------------------------------
Light 33 357 356 0.9 73.7 73.7 73.75 74.12
--------------------------------------------------------------------------------------------------------
TOTAL: 31 358.7 357.8 0.8 78.6 78.5 78.63 79.1
--------------------------------------------------------------------------------------------------------
</TABLE>
TOP
-------------------------------------------------------------------------------
36. BACK RATIO
<TABLE>
<CAPTION>
% OF WTD
NUMBER TOTAL TOTAL AVG WTD WTD AVG
BACK OF CURRENT CURRENT CURRENT AVG AVG MAX
RATIO LOANS BALANCE BALANCE BALANCE COUPON MARGIN RATE
--------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
< = 0.00 9 1,217,561.49 0.56 135,285 10.751 6.456 16.75
--------------------------------------------------------------------------------------------------------
0.01 - 5.00 4 172,750.00 0.08 43,188 11.164 6.33 17.16
--------------------------------------------------------------------------------------------------------
5.01 - 10.00 11 493,815.44 0.23 44,892 11.586 6.812 17.59
--------------------------------------------------------------------------------------------------------
10.01 - 15.00 29 1,826,167.28 0.84 62,971 10.661 6.254 16.66
--------------------------------------------------------------------------------------------------------
15.01 - 20.00 72 4,546,408.61 2.08 63,145 11.412 6.392 17.41
--------------------------------------------------------------------------------------------------------
20.01 - 25.00 127 10,682,878.81 4.89 84,117 10.622 6.227 16.62
--------------------------------------------------------------------------------------------------------
25.01 - 30.00 158 13,945,224.91 6.38 88,261 10.776 6.324 16.78
--------------------------------------------------------------------------------------------------------
30.01 - 35.00 226 22,315,032.20 10.21 98,739 10.475 6.244 16.48
--------------------------------------------------------------------------------------------------------
35.01 - 40.00 365 36,848,379.86 16.86 100,954 10.859 6.368 16.86
--------------------------------------------------------------------------------------------------------
40.01 - 45.00 351 38,104,753.75 17.44 108,561 10.722 6.255 16.72
--------------------------------------------------------------------------------------------------------
45.01 - 50.00 370 43,955,776.17 20.12 118,799 10.665 6.2 16.67
--------------------------------------------------------------------------------------------------------
50.01 - 55.00 281 34,467,222.15 15.77 122,659 10.322 6.051 16.32
--------------------------------------------------------------------------------------------------------
55.01 - 60.00 61 7,416,148.45 3.39 121,576 9.935 5.962 15.94
--------------------------------------------------------------------------------------------------------
60.01 - 65.00 9 786,798.53 0.36 87,422 10.525 6.143 16.53
--------------------------------------------------------------------------------------------------------
65.01 - 70.00 1 107,200.00 0.05 107,200 10.5 7 16.5
--------------------------------------------------------------------------------------------------------
70.01 - 75.00 5 678,250.28 0.31 135,650 10.343 6.26 16.34
--------------------------------------------------------------------------------------------------------
75.01 - 80.00 2 348,500.00 0.16 174,250 11.587 7.498 17.59
--------------------------------------------------------------------------------------------------------
80.01 - 85.00 2 328,500.00 0.15 164,250 11.364 7 17.36
--------------------------------------------------------------------------------------------------------
95.01 - 100.00 2 276,935.94 0.13 138,468 11.065 7.201 17.07
--------------------------------------------------------------------------------------------------------
TOTAL: 2,085 218,518,303.87 100 104,805 10.634 6.232 16.64
--------------------------------------------------------------------------------------------------------
<CAPTION>
WTD WTD
AVG AVG
WTD WTD COMB COMB
AVG WTD AVG WTD WTD ORIG ORIG
MOS AVG STATED WTD AVG AVG LTV LTV
BACK TO ORIG REMAIN AVG ORIG CURR EXCLUDES INCLUDES
RATIO ROLL TERM TERM AGE LTV LTV JR LIENS JR LIENS
--------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
< = 0.00 30 360 359.3 0.7 84.6 84.6 84.73 84.63
--------------------------------------------------------------------------------------------------------
0.01 - 5.00 33 360 360 0 77.8 77.8 77.84 77.84
--------------------------------------------------------------------------------------------------------
5.01 - 10.00 33 360 359.5 0.5 75.8 75.8 75.79 75.8
--------------------------------------------------------------------------------------------------------
10.01 - 15.00 33 360 359 1 74.5 74.5 74.57 75.28
--------------------------------------------------------------------------------------------------------
15.01 - 20.00 34 357.5 356.8 0.7 72.3 72.3 72.39 72.66
--------------------------------------------------------------------------------------------------------
20.01 - 25.00 33 357.8 357.2 0.7 75.2 75.1 75.22 75.35
--------------------------------------------------------------------------------------------------------
25.01 - 30.00 33 355.7 354.9 0.8 76.7 76.6 76.73 77.2
--------------------------------------------------------------------------------------------------------
30.01 - 35.00 31 358.1 357.3 0.8 76.8 76.7 76.88 77.23
--------------------------------------------------------------------------------------------------------
35.01 - 40.00 32 358.3 357.6 0.7 79 79 79.04 79.47
--------------------------------------------------------------------------------------------------------
40.01 - 45.00 31 359.4 358.4 1 79.4 79.4 79.47 80.05
--------------------------------------------------------------------------------------------------------
45.01 - 50.00 30 359.1 358.2 0.9 81.8 81.7 81.8 82.35
--------------------------------------------------------------------------------------------------------
50.01 - 55.00 29 359.1 358.3 0.8 77.3 77.3 77.33 77.82
--------------------------------------------------------------------------------------------------------
55.01 - 60.00 30 360 359.2 0.8 77.9 77.9 77.94 78.79
--------------------------------------------------------------------------------------------------------
60.01 - 65.00 35 360 359 1 69.6 69.6 69.75 69.58
--------------------------------------------------------------------------------------------------------
65.01 - 70.00 35 360 359 1 80 80 80 80
--------------------------------------------------------------------------------------------------------
70.01 - 75.00 35 360 359.2 0.8 82.6 82.6 82.71 82.64
--------------------------------------------------------------------------------------------------------
75.01 - 80.00 36 360 359.6 0.4 73.4 73.4 73.29 73.39
--------------------------------------------------------------------------------------------------------
80.01 - 85.00 36 360 360 0 84 84 83.97 83.97
--------------------------------------------------------------------------------------------------------
95.01 - 100.00 34 360 358.4 1.6 76.2 76.2 76.21 76.21
--------------------------------------------------------------------------------------------------------
TOTAL: 31 358.7 357.8 0.8 78.6 78.5 78.63 79.1
--------------------------------------------------------------------------------------------------------
</TABLE>
Minimum: 2.10
Maximum: 100.00
Weighted Average: 41.61
TOP
-------------------------------------------------------------------------------
37. FRONT RATIO
<TABLE>
<CAPTION>
% OF WTD
NUMBER TOTAL TOTAL AVG WTD WTD AVG
FRONT OF CURRENT CURRENT CURRENT AVG AVG MAX
RATIO LOANS BALANCE BALANCE BALANCE COUPON MARGIN RATE
-----------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
< = 0.00 240 19,289,600.19 8.83 80,373 10.816 6.134 16.82
-----------------------------------------------------------------------------------------------------
0.01 - 5.00 21 774,004.48 0.35 36,857 11.983 6.471 17.98
-----------------------------------------------------------------------------------------------------
5.01 - 10.00 92 5,114,188.44 2.34 55,589 11.051 6.161 17.05
-----------------------------------------------------------------------------------------------------
10.01 - 15.00 193 14,303,973.28 6.55 74,114 10.61 6.198 16.61
-----------------------------------------------------------------------------------------------------
15.01 - 20.00 278 26,154,526.88 11.97 94,081 10.57 6.246 16.57
-----------------------------------------------------------------------------------------------------
20.01 - 25.00 336 34,856,075.73 15.95 103,738 10.687 6.33 16.69
-----------------------------------------------------------------------------------------------------
25.01 - 30.00 281 30,512,029.88 13.96 108,584 10.608 6.293 16.62
-----------------------------------------------------------------------------------------------------
30.01 - 35.00 229 28,632,045.69 13.1 125,031 10.738 6.299 16.74
-----------------------------------------------------------------------------------------------------
35.01 - 40.00 120 14,038,108.98 6.42 116,984 10.785 6.31 16.79
-----------------------------------------------------------------------------------------------------
40.01 - 45.00 70 9,642,259.10 4.41 137,747 10.326 6.116 16.33
-----------------------------------------------------------------------------------------------------
45.01 - 50.00 43 6,743,643.71 3.09 156,829 10.149 6.091 16.15
-----------------------------------------------------------------------------------------------------
50.01 - 55.00 22 2,785,505.87 1.27 126,614 10.291 5.985 16.29
-----------------------------------------------------------------------------------------------------
55.01 - 60.00 4 354,618.78 0.16 88,655 11.181 6.036 17.18
-----------------------------------------------------------------------------------------------------
60.01 - 65.00 5 566,305.54 0.26 113,261 11.419 6.336 17.42
-----------------------------------------------------------------------------------------------------
65.01 - 70.00 6 912,220.00 0.42 152,037 10.207 6.136 16.21
-----------------------------------------------------------------------------------------------------
70.01 - 75.00 7 712,839.30 0.33 101,834 9.694 5.804 15.69
-----------------------------------------------------------------------------------------------------
75.01 - 80.00 2 524,700.00 0.24 262,350 9.505 6.114 15.51
-----------------------------------------------------------------------------------------------------
80.01 - 85.00 3 347,164.17 0.16 115,721 12.006 6.266 18.01
-----------------------------------------------------------------------------------------------------
85.01 - 90.00 2 447,391.59 0.2 223,696 9.281 5.631 15.28
-----------------------------------------------------------------------------------------------------
90.01 - 95.00 1 104,465.10 0.05 104,465 11.3 6.25 17.3
-----------------------------------------------------------------------------------------------------
95.01 - 100.00 5 784,286.03 0.36 156,857 10.677 5.976 16.68
-----------------------------------------------------------------------------------------------------
100.01 >= 125 20,918,351.13 9.57 167,347 10.513 6.119 16.52
-----------------------------------------------------------------------------------------------------
TOTAL: 2,085 218,518,303.87 100 104,805 10.634 6.232 16.64
-----------------------------------------------------------------------------------------------------
<CAPTION>
WTD WTD
AVG AVG
WTD WTD COMB COMB
AVG WTD AVG WTD WTD ORIG ORIG
MOS AVG STATED WTD AVG AVG LTV LTV
FRONT TO ORIG REMAIN AVG ORIG CURR EXCLUDES INCLUDES
RATIO ROLL TERM TERM AGE LTV LTV JR LIENS JR LIENS
-----------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
< = 0.00 30 359.3 358.5 0.8 77.3 77.2 77.28 78.11
-----------------------------------------------------------------------------------------
0.01 - 5.00 33 348.4 347.8 0.6 67.6 67.5 67.56 67.55
-----------------------------------------------------------------------------------------
5.01 - 10.00 34 356.7 356.1 0.6 72.1 72 72.21 72.57
-----------------------------------------------------------------------------------------
10.01 - 15.00 33 359 358.2 0.8 77.8 77.7 77.82 78.32
-----------------------------------------------------------------------------------------
15.01 - 20.00 32 358.6 357.8 0.8 79 78.9 79.02 79.58
-----------------------------------------------------------------------------------------
20.01 - 25.00 32 357.9 357.1 0.8 79.7 79.7 79.76 80.31
-----------------------------------------------------------------------------------------
25.01 - 30.00 31 356.7 355.9 0.8 79.8 79.8 79.88 80.51
-----------------------------------------------------------------------------------------
30.01 - 35.00 32 359.7 358.9 0.8 79 79 79.04 79.43
-----------------------------------------------------------------------------------------
35.01 - 40.00 30 360 359.1 0.9 79.3 79.2 79.31 79.69
-----------------------------------------------------------------------------------------
40.01 - 45.00 29 360 359.2 0.8 78.6 78.5 78.6 78.72
-----------------------------------------------------------------------------------------
45.01 - 50.00 28 356.8 356.1 0.7 76.8 76.8 76.89 76.83
-----------------------------------------------------------------------------------------
50.01 - 55.00 29 360 358.5 1.5 77.6 77.3 77.6 77.56
-----------------------------------------------------------------------------------------
55.01 - 60.00 35 360 359.3 0.7 79 79 79.04 80.39
-----------------------------------------------------------------------------------------
60.01 - 65.00 35 360 358.6 1.4 87.3 86 87.34 87.81
-----------------------------------------------------------------------------------------
65.01 - 70.00 26 360 360 0 80.1 80.1 80.05 80.4
-----------------------------------------------------------------------------------------
70.01 - 75.00 32 360 359.8 0.2 70.4 70.4 70.47 70.48
-----------------------------------------------------------------------------------------
75.01 - 80.00 31 360 360 0 79.3 79.3 79.35 79.31
-----------------------------------------------------------------------------------------
80.01 - 85.00 34 360 358.3 1.7 77.1 77.1 77.12 77.1
-----------------------------------------------------------------------------------------
85.01 - 90.00 30 360 359.5 0.5 69.4 69.4 69.41 69.39
-----------------------------------------------------------------------------------------
90.01 - 95.00 35 360 359 1 95 95 95 95
-----------------------------------------------------------------------------------------
95.01 - 100.00 35 360 359.3 0.7 71.5 71.4 71.47 71.45
-----------------------------------------------------------------------------------------
100.01 >= 29 360 359 1 78.3 78.2 78.26 78.6
-----------------------------------------------------------------------------------------
TOTAL: 31 358.7 357.8 0.8 78.6 78.5 78.63 79.1
-----------------------------------------------------------------------------------------
</TABLE>
Minimum: 0.88
Maximum: 453.63
Weighted Average: 49.88
TOP
<PAGE>
-------------------------------------------------------------------------------
38. FICO SCORE
<TABLE>
<CAPTION>
% OF
NUMBER TOTAL TOTAL AVG WTD WTD
FICO OF CURRENT CURRENT CURRENT AVG AVG
SCORE LOANS BALANCE BALANCE BALANCE COUPON MARGIN
-------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
< = 0 12 1,078,831.89 0.49 89,903 10.527 5.76
-------------------------------------------------------------------------------------------
1 - 540 373 34,096,108.81 15.6 91,410 11.659 6.912
-------------------------------------------------------------------------------------------
541 - 580 683 70,641,045.34 32.33 103,428 10.792 6.34
-------------------------------------------------------------------------------------------
581 - 620 567 62,302,431.16 28.51 109,881 10.404 6.123
-------------------------------------------------------------------------------------------
621 - 660 321 35,925,280.79 16.44 111,917 10.002 5.825
-------------------------------------------------------------------------------------------
661 - 700 99 10,798,053.79 4.94 109,071 9.976 5.667
-------------------------------------------------------------------------------------------
701 - 740 22 2,839,348.94 1.3 129,061 10.047 5.377
-------------------------------------------------------------------------------------------
741 - 780 7 810,083.15 0.37 115,726 10.482 5.821
-------------------------------------------------------------------------------------------
781 - 820 1 27,120.00 0.01 27,120 10.4 4.75
-------------------------------------------------------------------------------------------
TOTAL: 2,085 218,518,303.87 100 104,805 10.634 6.232
-------------------------------------------------------------------------------------------
<CAPTION>
WTD WTD
AVG AVG
WTD WTD COMB COMB
WTD AVG WTD AVG WTD WTD ORIG ORIG
AVG MOS AVG STATED WTD AVG AVG LTV LTV
FICO MAX TO ORIG REMAIN AVG ORIG CURR EXCLUDES INCLUDES
SCORE RATE ROLL TERM TERM AGE LTV LTV JR LIENS JR LIENS
--------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
< = 0 16.53 34 360 359 1 73.8 73.8 73.85 73.86
--------------------------------------------------------------------------------------------
1 - 540 17.67 32 358.2 357.5 0.7 72 72 72.09 72.42
--------------------------------------------------------------------------------------------
541 - 580 16.8 31 358.3 357.4 0.9 77.7 77.6 77.72 78.14
--------------------------------------------------------------------------------------------
581 - 620 16.41 31 358.5 357.7 0.8 81.7 81.6 81.72 82.16
--------------------------------------------------------------------------------------------
621 - 660 16.01 30 359.6 358.7 1 81.1 81 81.09 81.67
--------------------------------------------------------------------------------------------
661 - 700 15.98 29 360 359.3 0.7 80 80 80 80.84
--------------------------------------------------------------------------------------------
701 - 740 16.05 30 360 359.1 0.9 77.8 77.7 77.87 79.24
--------------------------------------------------------------------------------------------
741 - 780 16.48 32 360 359.3 0.7 77.1 77.1 77.12 78.13
--------------------------------------------------------------------------------------------
781 - 820 16.4 36 360 360 0 80 80 80 80
--------------------------------------------------------------------------------------------
TOTAL: 16.64 31 358.7 357.8 0.8 78.6 78.5 78.63 79.1
--------------------------------------------------------------------------------------------
</TABLE>
Minimum: 70
Maximum: 783
Weighted Average: 586.7
TOP
-------------------------------------------------------------------------------
39. PREPAYMENT PENALTY
<TABLE>
<CAPTION>
% OF
NUMBER TOTAL TOTAL AVG WTD WTD
OF CURRENT CURRENT CURRENT AVG AVG
PREPAYMENT PENALTY LOANS BALANCE BALANCE BALANCE COUPON MARGIN
----------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
No Prepayment Penalty 411 41,750,658.94 19.11 101,583 11.21 6.287
----------------------------------------------------------------------------------------------------------
1 yr - 6 mo int->20% balance 3 676,585.43 0.31 225,528 9.74 5.977
----------------------------------------------------------------------------------------------------------
2 yr - 1% unpaid prin/orig balance 9 725,714.53 0.33 80,635 11.064 6.315
----------------------------------------------------------------------------------------------------------
2 yr - 6 mo int->20% balance 320 48,479,987.98 22.19 151,500 9.876 5.995
----------------------------------------------------------------------------------------------------------
2 yr - 6 mo int 17 1,853,245.55 0.85 109,014 11.306 6.045
----------------------------------------------------------------------------------------------------------
3 yr - 1% balance 103 7,221,882.44 3.3 70,115 11.349 6.286
----------------------------------------------------------------------------------------------------------
3 yr - 2% balance 35 2,365,356.61 1.08 67,582 11.749 6.184
----------------------------------------------------------------------------------------------------------
3 yr - 3 mo int 1 156,804.55 0.07 156,805 8.48 3.355
----------------------------------------------------------------------------------------------------------
3 yr - 6 mo int 465 43,632,999.18 19.97 93,834 10.759 6.489
----------------------------------------------------------------------------------------------------------
3 yr - 6 mo int->20% balance 487 49,588,653.42 22.69 101,825 10.69 6.125
----------------------------------------------------------------------------------------------------------
3.5 yr - 6 mo int->20% balance 1 73,800.00 0.03 73,800 11.3 6.5
----------------------------------------------------------------------------------------------------------
5 yr - 2% balance 15 849,054.84 0.39 56,604 12.097 6.857
----------------------------------------------------------------------------------------------------------
5 yr - 4.8% balance 1 66,000.00 0.03 66,000 13.525 7.375
----------------------------------------------------------------------------------------------------------
5 yr - 6 mo int->20% balance 94 10,594,008.40 4.85 112,702 9.878 6.123
----------------------------------------------------------------------------------------------------------
5 yr - 6 mo int 123 10,483,552.00 4.8 85,232 10.884 6.657
----------------------------------------------------------------------------------------------------------
TOTAL: 2,085 218,518,303.87 100 104,805 10.634 6.232
----------------------------------------------------------------------------------------------------------
<CAPTION>
WTD WTD
AVG AVG
WTD WTD COMB COMB
WTD AVG WTD AVG WTD WTD ORIG ORIG
AVG MOS AVG STATED WTD AVG AVG LTV LTV
MAX TO ORIG REMAIN AVG ORIG CURR EXCLUDES INCLUDES
PREPAYMENT PENALTY RATE ROLL TERM TERM AGE LTV LTV JR LIENS JR LIENS
------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
No Prepayment Penalty 17.21 31 357.8 357 0.7 78.1 78 78.12 78.68
------------------------------------------------------------------------------------------------------------------
1 yr - 6 mo int->20% balance 15.74 27 360 358.7 1.3 78.3 78.3 78.33 78.33
------------------------------------------------------------------------------------------------------------------
2 yr - 1% unpaid prin/orig balance 17.21 24 360 359.5 0.5 72.9 72.9 72.89 72.86
------------------------------------------------------------------------------------------------------------------
2 yr - 6 mo int->20% balance 15.88 23 359.5 358.8 0.7 79.5 79.4 79.47 79.86
------------------------------------------------------------------------------------------------------------------
2 yr - 6 mo int 17.31 25 360 359 1 79.1 79.1 79.12 79.48
------------------------------------------------------------------------------------------------------------------
3 yr - 1% balance 17.35 33 357.7 356.9 0.7 79.8 79.7 79.84 80.37
------------------------------------------------------------------------------------------------------------------
3 yr - 2% balance 17.75 35 360 358.9 1.1 78.5 78.5 78.54 79.91
------------------------------------------------------------------------------------------------------------------
3 yr - 3 mo int 14.48 34 360 358 2 78.1 78 79 78.06
------------------------------------------------------------------------------------------------------------------
3 yr - 6 mo int 16.76 35 358.5 357.8 0.7 76.3 76.2 76.36 76.67
------------------------------------------------------------------------------------------------------------------
3 yr - 6 mo int->20% balance 16.69 35 358.1 357 1.1 80.9 80.8 80.91 81.66
------------------------------------------------------------------------------------------------------------------
3.5 yr - 6 mo int->20% balance 17.3 25 360 360 0 90 90 90 95
------------------------------------------------------------------------------------------------------------------
5 yr - 2% balance 18.1 33 360 359.1 0.9 77.6 77.6 77.61 79.46
------------------------------------------------------------------------------------------------------------------
5 yr - 4.8% balance 19.53 37 360 360 0 54.1 54.1 54 54.1
------------------------------------------------------------------------------------------------------------------
5 yr - 6 mo int->20% balance 15.9 27 360 359.2 0.8 77.9 77.8 77.96 77.94
------------------------------------------------------------------------------------------------------------------
5 yr - 6 mo int 16.88 34 360 359.2 0.8 75.7 75.7 75.82 75.86
------------------------------------------------------------------------------------------------------------------
TOTAL: 16.64 31 358.7 357.8 0.8 78.6 78.5 78.63 79.1
------------------------------------------------------------------------------------------------------------------
</TABLE>
TOP
-------------------------------------------------------------------------------
40. PREPAYMENT TAPE
<TABLE>
<CAPTION>
% OF
NUMBER TOTAL TOTAL AVG WTD WTD
OF CURRENT CURRENT CURRENT AVG AVG
PREPAYMENT TAPE LOANS BALANCE BALANCE BALANCE COUPON MARGIN
---------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
3 226,250.00 0.1 75,417 11.982 7.133
---------------------------------------------------------------------------------------------
N 222 23,897,111.52 10.94 107,645 11.458 6.341
---------------------------------------------------------------------------------------------
Y N 0 00 00 00 N 12 11 1,337,204.32 0.61 121,564 10.85 6.035
---------------------------------------------------------------------------------------------
Y N 0 00 00 00 N 24 21 2,092,469.55 0.96 99,641 10.679 6.104
---------------------------------------------------------------------------------------------
Y N 0 00 00 00 N 36 77 6,822,787.26 3.12 88,608 11.03 6.09
---------------------------------------------------------------------------------------------
Y N 0 00 00 00 N 42 54 5,534,501.85 2.53 102,491 10.561 6.319
---------------------------------------------------------------------------------------------
Y N 0 00 00 00 N 60 15 1,146,314.28 0.52 76,421 11.094 6.586
---------------------------------------------------------------------------------------------
Y N 0 20 00 00 N 24 1 108,600.87 0.05 108,601 9.9 6
---------------------------------------------------------------------------------------------
Y N 1 00 00 00 N 36 7 585,419.29 0.27 83,631 12.213 6.456
---------------------------------------------------------------------------------------------
Y N 1 00 06 00 N 36 1 20,980.82 0.01 20,981 9.875 5.875
---------------------------------------------------------------------------------------------
Y Y 0 00 00 01 N 36 40 2,518,751.32 1.15 62,969 11.435 6.111
---------------------------------------------------------------------------------------------
Y Y 0 00 00 02 N 60 1 43,840.00 0.02 43,840 12.5 7.375
---------------------------------------------------------------------------------------------
Y Y 0 00 06 00 N 36 1 101,869.76 0.05 101,870 11.571 6.75
---------------------------------------------------------------------------------------------
Y Y 0 00 06 00 N 60 1 62,300.00 0.03 62,300 9 6.125
---------------------------------------------------------------------------------------------
Y Y 0 20 00 06 N 60 1 66,000.00 0.03 66,000 13.525 7.375
---------------------------------------------------------------------------------------------
Y Y 0 20 06 00 N 12 3 676,585.43 0.31 225,528 9.74 5.977
---------------------------------------------------------------------------------------------
Y Y 0 20 06 00 N 24 319 48,408,825.85 22.15 151,752 9.873 5.995
---------------------------------------------------------------------------------------------
Y Y 0 20 06 00 N 36 485 49,359,153.42 22.59 101,771 10.691 6.124
---------------------------------------------------------------------------------------------
Y Y 0 20 06 00 N 42 1 73,800.00 0.03 73,800 11.3 6.5
---------------------------------------------------------------------------------------------
Y Y 0 20 06 00 N 60 93 10,437,008.40 4.78 112,226 9.891 6.17
---------------------------------------------------------------------------------------------
Y Y 1 00 00 01 N 24 9 725,714.53 0.33 80,635 11.064 6.315
---------------------------------------------------------------------------------------------
Y Y 1 00 00 01 N 36 63 4,703,131.12 2.15 74,653 11.304 6.38
---------------------------------------------------------------------------------------------
Y Y 1 00 00 02 N 36 35 2,365,356.61 1.08 67,582 11.749 6.184
---------------------------------------------------------------------------------------------
Y Y 1 00 00 02 N 60 14 805,214.84 0.37 57,515 12.075 6.829
---------------------------------------------------------------------------------------------
Y Y 1 00 03 00 N 36 1 156,804.55 0.07 156,805 8.48 3.355
---------------------------------------------------------------------------------------------
Y Y 1 00 06 00 N 24 17 1,853,245.55 0.85 109,014 11.306 6.045
---------------------------------------------------------------------------------------------
Y Y 1 00 06 00 N 36 463 43,510,148.60 19.91 93,974 10.757 6.489
---------------------------------------------------------------------------------------------
Y Y 1 00 06 00 N 60 122 10,421,252.00 4.77 85,420 10.895 6.66
---------------------------------------------------------------------------------------------
Y Y 1 20 06 00 N 24 1 71,162.13 0.03 71,162 11.73 6.4
---------------------------------------------------------------------------------------------
Y Y 1 20 06 00 N 36 2 229,500.00 0.11 114,750 10.576 6.444
---------------------------------------------------------------------------------------------
Y Y 1 20 06 00 N 60 1 157,000.00 0.07 157,000 9 2.943
---------------------------------------------------------------------------------------------
TOTAL: 2,085 218,518,303.87 100 104,805 10.634 6.232
---------------------------------------------------------------------------------------------
<CAPTION>
WTD WTD
AVG AVG
WTD WTD COMB COMB
WTD AVG WTD AVG WTD WTD ORIG ORIG
AVG MOS AVG STATED WTD AVG AVG LTV LTV
MAX TO ORIG REMAIN AVG ORIG CURR EXCLUDES INCLUDES
PREPAYMENT TAPE RATE ROLL TERM TERM AGE LTV LTV JR LIENS JR LIENS
----------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
17.98 37 360 360 0 67.2 67.2 67.17 67.16
----------------------------------------------------------------------------------------------------
N 17.46 32 358.2 357.4 0.8 78 78 78.08 78.48
----------------------------------------------------------------------------------------------------
Y N 0 00 00 00 N 12 16.85 35 360 359.8 0.2 75.3 75.3 75.36 75.34
----------------------------------------------------------------------------------------------------
Y N 0 00 00 00 N 24 16.68 24 360 359.7 0.3 80.2 80.2 80.23 82.12
----------------------------------------------------------------------------------------------------
Y N 0 00 00 00 N 36 17.03 35 359.5 358.8 0.7 80.1 80 80.17 81.04
----------------------------------------------------------------------------------------------------
Y N 0 00 00 00 N 42 16.56 28 351.5 350.8 0.7 76.4 76.2 76.49 76.77
----------------------------------------------------------------------------------------------------
Y N 0 00 00 00 N 60 17.09 28 360 358.9 1.1 71.3 71.3 71.46 73.22
----------------------------------------------------------------------------------------------------
Y N 0 20 00 00 N 24 15.9 20 360 356 4 80 79.9 80 80
----------------------------------------------------------------------------------------------------
Y N 1 00 00 00 N 36 18.21 35 360 359.1 0.9 86.9 86.8 86.85 87.66
----------------------------------------------------------------------------------------------------
Y N 1 00 06 00 N 36 15.88 34 360 358 2 38.2 38.2 39 38.18
----------------------------------------------------------------------------------------------------
Y Y 0 00 00 01 N 36 17.44 35 360 359.2 0.8 81.5 81.5 81.55 82.69
----------------------------------------------------------------------------------------------------
Y Y 0 00 00 02 N 60 18.5 36 360 360 0 79.7 79.7 79.7 79.71
----------------------------------------------------------------------------------------------------
Y Y 0 00 06 00 N 36 17.57 32 360 356 4 83.6 83.5 84 83.61
----------------------------------------------------------------------------------------------------
Y Y 0 00 06 00 N 60 15 35 360 359 1 70 70 70 70
----------------------------------------------------------------------------------------------------
Y Y 0 20 00 06 N 60 19.53 37 360 360 0 54.1 54.1 54 54.1
----------------------------------------------------------------------------------------------------
Y Y 0 20 06 00 N 12 15.74 27 360 358.7 1.3 78.3 78.3 78.33 78.33
----------------------------------------------------------------------------------------------------
Y Y 0 20 06 00 N 24 15.88 23 359.5 358.8 0.7 79.5 79.4 79.48 79.86
----------------------------------------------------------------------------------------------------
Y Y 0 20 06 00 N 36 16.69 35 358.1 356.9 1.2 80.9 80.8 80.89 81.65
----------------------------------------------------------------------------------------------------
Y Y 0 20 06 00 N 42 17.3 25 360 360 0 90 90 90 95
----------------------------------------------------------------------------------------------------
Y Y 0 20 06 00 N 60 15.91 27 360 359.1 0.9 78 77.9 78.03 78.02
----------------------------------------------------------------------------------------------------
Y Y 1 00 00 01 N 24 17.21 24 360 359.5 0.5 72.9 72.9 72.89 72.86
----------------------------------------------------------------------------------------------------
Y Y 1 00 00 01 N 36 17.3 31 356.4 355.8 0.7 78.9 78.7 78.92 79.13
----------------------------------------------------------------------------------------------------
Y Y 1 00 00 02 N 36 17.75 35 360 358.9 1.1 78.5 78.5 78.54 79.91
----------------------------------------------------------------------------------------------------
Y Y 1 00 00 02 N 60 18.08 33 360 359.1 0.9 77.5 77.5 77.49 79.44
----------------------------------------------------------------------------------------------------
Y Y 1 00 03 00 N 36 14.48 34 360 358 2 78.1 78 79 78.06
----------------------------------------------------------------------------------------------------
Y Y 1 00 06 00 N 24 17.31 25 360 359 1 79.1 79.1 79.12 79.48
----------------------------------------------------------------------------------------------------
Y Y 1 00 06 00 N 36 16.76 35 358.5 357.8 0.7 76.3 76.2 76.36 76.67
----------------------------------------------------------------------------------------------------
Y Y 1 00 06 00 N 60 16.9 34 360 359.2 0.8 75.8 75.8 75.85 75.89
----------------------------------------------------------------------------------------------------
Y Y 1 20 06 00 N 24 17.73 20 360 356 4 75 74.9 75 75
----------------------------------------------------------------------------------------------------
Y Y 1 20 06 00 N 36 16.58 36 360 360 0 84.3 84.3 84.26 84.26
----------------------------------------------------------------------------------------------------
Y Y 1 20 06 00 N 60 15 37 360 360 0 73 73 73 73.02
----------------------------------------------------------------------------------------------------
TOTAL: 16.64 31 358.7 357.8 0.8 78.6 78.5 78.63 79.1
----------------------------------------------------------------------------------------------------
</TABLE>
TOP
<PAGE>
-------------------------------------------------------------------------------
41. ASSUMABLE
<TABLE>
<CAPTION>
% OF
NUMBER TOTAL TOTAL AVG WTD WTD
OF CURRENT CURRENT CURRENT AVG AVG
ASSUMABLE LOANS BALANCE BALANCE BALANCE COUPON MARGIN
--------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
Assumable 1,455 159,238,450.40 72.87 109,442 10.563 6.102
--------------------------------------------------------------------------------------------
Non-Assumable 630 59,279,853.47 27.13 94,095 10.826 6.582
--------------------------------------------------------------------------------------------
TOTAL: 2,085 218,518,303.87 100 104,805 10.634 6.232
--------------------------------------------------------------------------------------------
<CAPTION>
WTD WTD
AVG AVG
WTD WTD COMB COMB
WTD AVG WTD AVG WTD WTD ORIG ORIG
AVG MOS AVG STATED WTD AVG AVG LTV LTV
MAX TO ORIG REMAIN AVG ORIG CURR EXCLUDES INCLUDES
ASSUMABLE RATE ROLL TERM TERM AGE LTV LTV JR LIENS JR LIENS
--------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Assumable 16.57 30 358.8 358 0.8 80.4 80.3 80.42 81.06
--------------------------------------------------------------------------------------------------
Non-Assumable 16.83 35 358.2 357.3 0.9 73.7 73.7 73.82 73.84
--------------------------------------------------------------------------------------------------
TOTAL: 16.64 31 358.7 357.8 0.8 78.6 78.5 78.63 79.1
--------------------------------------------------------------------------------------------------
</TABLE>
TOP
-------------------------------------------------------------------------------
42. PRODUCT
<TABLE>
<CAPTION>
% OF
NUMBER TOTAL TOTAL AVG WTD WTD
OF CURRENT CURRENT CURRENT AVG AVG
PRODUCT LOANS BALANCE BALANCE BALANCE COUPON MARGIN
-----------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
ARM - 6 Month 1 103,944.65 0.05 103,945 9.125 5.594
-----------------------------------------------------------------------------------------------
ARM - 2 Year/6 Month 576 76,125,787.51 34.84 132,163 10.134 6.066
-----------------------------------------------------------------------------------------------
ARM - 3 Year/6 Month 1,508 142,288,571.71 65.12 94,356 10.903 6.322
-----------------------------------------------------------------------------------------------
TOTAL: 2,085 218,518,303.87 100 104,805 10.634 6.232
-----------------------------------------------------------------------------------------------
<CAPTION>
WTD WTD
AVG AVG
WTD WTD COMB COMB
WTD AVG WTD AVG WTD WTD ORIG ORIG
AVG MOS AVG STATED WTD AVG AVG LTV LTV
MAX TO ORIG REMAIN AVG ORIG CURR EXCLUDES INCLUDES
PRODUCT RATE ROLL TERM TERM AGE LTV LTV JR LIENS JR LIENS
----------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
ARM - 6 Month 15.13 5 360 359 1 41.8 41.8 42 41.77
----------------------------------------------------------------------------------------------------
ARM - 2 Year/6 Month 16.14 23 359.7 358.9 0.8 79.9 79.8 79.88 80.26
----------------------------------------------------------------------------------------------------
ARM - 3 Year/6 Month 16.9 35 358.1 357.2 0.9 77.9 77.9 77.99 78.51
----------------------------------------------------------------------------------------------------
TOTAL: 16.64 31 358.7 357.8 0.8 78.6 78.5 78.63 79.1
----------------------------------------------------------------------------------------------------
</TABLE>
TOP
-------------------------------------------------------------------------------
43. INDEX TYPE
<TABLE>
<CAPTION>
% OF
NUMBER TOTAL TOTAL AVG WTD WTD
OF CURRENT CURRENT CURRENT AVG AVG
INDEX TYPE LOANS BALANCE BALANCE BALANCE COUPON MARGIN
---------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
Libor - 6 Month 2,085 218,518,303.87 100 104,805 10.634 6.232
---------------------------------------------------------------------------------------------
TOTAL: 2,085 218,518,303.87 100 104,805 10.634 6.232
---------------------------------------------------------------------------------------------
<CAPTION>
WTD WTD
AVG AVG
WTD WTD COMB COMB
WTD AVG WTD AVG WTD WTD ORIG ORIG
AVG MOS AVG STATED WTD AVG AVG LTV LTV
MAX TO ORIG REMAIN AVG ORIG CURR EXCLUDES INCLUDES
INDEX TYPE RATE ROLL TERM TERM AGE LTV LTV JR LIENS JR LIENS
--------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Libor - 6 Month 16.64 31 358.7 357.8 0.8 78.6 78.5 78.63 79.1
--------------------------------------------------------------------------------------------------
TOTAL: 16.64 31 358.7 357.8 0.8 78.6 78.5 78.63 79.1
--------------------------------------------------------------------------------------------------
</TABLE>
TOP
-------------------------------------------------------------------------------
44. MARGIN (%)
<TABLE>
<CAPTION>
% OF
NUMBER TOTAL TOTAL AVG WTD WTD
OF CURRENT CURRENT CURRENT AVG AVG
MARGIN (%) LOANS BALANCE BALANCE BALANCE COUPON MARGIN
--------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
< = 4.000 25 2,397,840.08 1.1 95,914 9.942 3.535
--------------------------------------------------------------------------------------------
4.001 - 4.500 15 1,719,254.99 0.79 114,617 9.476 4.385
--------------------------------------------------------------------------------------------
4.501 - 5.000 56 4,963,556.20 2.27 88,635 9.919 4.875
--------------------------------------------------------------------------------------------
5.001 - 5.500 228 24,562,309.16 11.24 107,729 9.844 5.342
--------------------------------------------------------------------------------------------
5.501 - 6.000 429 45,261,228.18 20.71 105,504 10.187 5.85
--------------------------------------------------------------------------------------------
6.001 - 6.500 780 90,861,256.33 41.58 116,489 10.54 6.318
--------------------------------------------------------------------------------------------
6.501 - 7.000 286 27,042,720.69 12.38 94,555 11.155 6.83
--------------------------------------------------------------------------------------------
7.001 - 7.500 147 11,325,405.18 5.18 77,044 12.266 7.355
--------------------------------------------------------------------------------------------
7.501 - 8.000 74 6,699,305.52 3.07 90,531 12.452 7.811
--------------------------------------------------------------------------------------------
8.001 >= 45 3,685,427.54 1.69 81,898 13.525 8.48
--------------------------------------------------------------------------------------------
TOTAL: 2,085 218,518,303.87 100 104,805 10.634 6.232
--------------------------------------------------------------------------------------------
<CAPTION>
WTD WTD
AVG AVG
WTD WTD COMB COMB
WTD AVG WTD AVG WTD WTD ORIG ORIG
AVG MOS AVG STATED WTD AVG AVG LTV LTV
MAX TO ORIG REMAIN AVG ORIG CURR EXCLUDES INCLUDES
MARGIN (%) RATE ROLL TERM TERM AGE LTV LTV JR LIENS JR LIENS
------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
< = 4.000 15.94 35 360 359.6 0.4 74.7 74.7 74.88 74.72
------------------------------------------------------------------------------------------------
4.001 - 4.500 15.48 27 360 358.6 1.4 68.4 67.6 68.5 68.52
------------------------------------------------------------------------------------------------
4.501 - 5.000 15.95 31 360 358.5 1.5 70.7 70.6 70.67 71.29
------------------------------------------------------------------------------------------------
5.001 - 5.500 15.84 29 357.4 356.6 0.8 73.5 73.4 73.51 74.71
------------------------------------------------------------------------------------------------
5.501 - 6.000 16.19 31 359 358.1 0.9 76.1 76 76.12 76.63
------------------------------------------------------------------------------------------------
6.001 - 6.500 16.54 30 359.4 358.6 0.8 84 83.9 83.99 84.3
------------------------------------------------------------------------------------------------
6.501 - 7.000 17.16 33 355.8 354.9 0.9 77.5 77.5 77.58 77.96
------------------------------------------------------------------------------------------------
7.001 - 7.500 18.27 34 358.7 358 0.6 73.6 73.6 73.71 74.39
------------------------------------------------------------------------------------------------
7.501 - 8.000 18.47 34 360 359.2 0.8 71.7 71.7 71.82 71.96
------------------------------------------------------------------------------------------------
8.001 >= 19.53 34 360 359.4 0.6 64.4 64.4 64.54 64.68
------------------------------------------------------------------------------------------------
TOTAL: 16.64 31 358.7 357.8 0.8 78.6 78.5 78.63 79.1
------------------------------------------------------------------------------------------------
</TABLE>
Minimum: 2.9430
Maximum: 9.7500
Weighted Average: 6.2322
TOP
-------------------------------------------------------------------------------
<PAGE>
45. INITIAL PERIODIC CAP (%)
<TABLE>
<CAPTION>
% OF
NUMBER TOTAL TOTAL AVG WTD WTD
OF CURRENT CURRENT CURRENT AVG AVG
INITIAL PERIODIC LOANS BALANCE BALANCE BALANCE COUPON MARGIN
CAP (%)
-----------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
1.000 6 662,193.08 0.3 110,366 10.744 5.927
-----------------------------------------------------------------------------------------------------------
2.000 10 1,605,419.49 0.73 160,542 9.429 6.079
-----------------------------------------------------------------------------------------------------------
3.000 2,069 216,250,691.30 98.96 104,519 10.643 6.234
-----------------------------------------------------------------------------------------------------------
TOTAL: 2,085 218,518,303.87 100 104,805 10.634 6.232
-----------------------------------------------------------------------------------------------------------
<CAPTION>
WTD WTD
AVG AVG
WTD WTD COMB COMB
WTD AVG WTD AVG WTD WTD ORIG ORIG
AVG MOS AVG STATED WTD AVG AVG LTV LTV
MAX TO ORIG REMAIN AVG ORIG CURR EXCLUDES INCLUDES
INITIAL PERIODIC RATE ROLL TERM TERM AGE LTV LTV JR LIENS JR LIENS
CAP (%)
---------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
1.000 16.74 35 360 358.7 1.3 74.7 74.7 74.7 75.06
---------------------------------------------------------------------------------------------------------------
2.000 15.53 24 360 358.4 1.6 68.7 68.6 68.8 68.74
---------------------------------------------------------------------------------------------------------------
3.000 16.65 31 358.6 357.8 0.8 78.7 78.6 78.72 79.19
---------------------------------------------------------------------------------------------------------------
TOTAL: 16.64 31 358.7 357.8 0.8 78.6 78.5 78.63 79.1
---------------------------------------------------------------------------------------------------------------
</TABLE>
Minimum: 1.0000
Maximum: 3.0000
Weighted Average: 2.9866
TOP
--------------------------------------------------------------------------------
46. PERIODIC CAP (%)
<TABLE>
<CAPTION>
% OF
NUMBER TOTAL TOTAL AVG WTD WTD
OF CURRENT CURRENT CURRENT AVG AVG
PERIODIC CAP (%) LOANS BALANCE BALANCE BALANCE COUPON MARGIN
---------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
1.000 2,082 218,103,597.15 99.81 104,757 10.635 6.232
---------------------------------------------------------------------------------------------------------
1.500 3 414,706.72 0.19 138,236 10.373 6.409
---------------------------------------------------------------------------------------------------------
TOTAL: 2,085 218,518,303.87 100 104,805 10.634 6.232
---------------------------------------------------------------------------------------------------------
<CAPTION>
WTD WTD
AVG AVG
WTD WTD COMB COMB
WTD AVG WTD AVG WTD WTD ORIG ORIG
AVG MOS AVG STATED WTD AVG AVG LTV LTV
MAX TO ORIG REMAIN AVG ORIG CURR EXCLUDES INCLUDES
PERIODIC CAP (%) RATE ROLL TERM TERM AGE LTV LTV JR LIENS JR LIENS
----------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
1.000 6.64 31 358.6 357.8 0.8 78.6 78.5 78.62 79.09
----------------------------------------------------------------------------------------------------------------
1.500 7.16 20 360 355.9 4.1 84.4 84.3 84.41 85.74
----------------------------------------------------------------------------------------------------------------
TOTAL: 6.64 31 358.7 357.8 0.8 78.6 78.5 78.63 79.1
----------------------------------------------------------------------------------------------------------------
</TABLE>
Minimum: 1.0000
Maximum: 1.5000
Weighted Average: 1.0009
TOP
--------------------------------------------------------------------------------
47. LIFETIME RATE CAP (%)
<TABLE>
<CAPTION>
% OF
NUMBER TOTAL TOTAL AVG WTD WTD
OF CURRENT CURRENT CURRENT AVG AVG
LIFETIME RATE CAP LOANS BALANCE BALANCE BALANCE COUPON MARGIN
(%)
---------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
6.000 2,078 217,812,910.33 99.68 104,819 10.634 6.232
---------------------------------------------------------------------------------------------------------
6.500 2 181,104.30 0.08 90,552 10.531 6.613
---------------------------------------------------------------------------------------------------------
7.000 5 524,289.24 0.24 104,858 10.728 6.341
---------------------------------------------------------------------------------------------------------
TOTAL: 2,085 218,518,303.87 100 104,805 10.634 6.232
---------------------------------------------------------------------------------------------------------
<CAPTION>
WTD WTD
AVG AVG
WTD WTD COMB COMB
WTD AVG WTD AVG WTD WTD ORIG ORIG
AVG MOS AVG STATED WTD AVG AVG LTV LTV
MAX TO ORIG REMAIN AVG ORIG CURR EXCLUDES INCLUDES
LIFETIME RATE CAP RATE ROLL TERM TERM AGE LTV LTV JR LIENS JR LIENS
(%)
----------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
6.000 16.63 31 358.6 357.8 0.8 78.6 78.5 78.64 79.11
----------------------------------------------------------------------------------------------------------------
6.500 17.03 21 360 357.1 2.9 77.2 77.2 77.21 80.25
----------------------------------------------------------------------------------------------------------------
7.000 17.73 21 360 356.7 3.3 74.2 74.1 74.18 74.18
----------------------------------------------------------------------------------------------------------------
TOTAL: 16.64 31 358.7 357.8 0.8 78.6 78.5 78.63 79.1
----------------------------------------------------------------------------------------------------------------
</TABLE>
Minimum: 6.0000
Maximum: 7.0000
Weighted Average: 6.0028
TOP
--------------------------------------------------------------------------------
48. MAXIMUM MORTGAGE RATES (%)
<TABLE>
<CAPTION>
% OF
NUMBER TOTAL TOTAL AVG WTD WTD
OF CURRENT CURRENT CURRENT AVG AVG
MAXIMUM MORTGAGE LOANS BALANCE BALANCE BALANCE COUPON MARGIN
RATES (%)
---------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
< = 14.000 8 1,454,146.33 0.67 181,768 7.973 5.387
---------------------------------------------------------------------------------------------------------
14.001 - 15.000 149 20,800,227.00 9.52 139,599 8.76 5.647
---------------------------------------------------------------------------------------------------------
15.001 - 16.000 452 59,470,565.84 27.22 131,572 9.633 6.013
---------------------------------------------------------------------------------------------------------
16.001 - 17.000 597 65,416,195.49 29.94 109,575 10.553 6.173
---------------------------------------------------------------------------------------------------------
17.001 - 18.000 463 40,410,763.93 18.49 87,280 11.512 6.416
---------------------------------------------------------------------------------------------------------
18.001 - 19.000 263 20,146,068.61 9.22 76,601 12.488 6.684
---------------------------------------------------------------------------------------------------------
19.001 - 20.000 104 7,799,312.61 3.57 74,993 13.542 7.37
---------------------------------------------------------------------------------------------------------
20.001 >= 49 3,021,024.06 1.38 61,654 14.668 7.851
---------------------------------------------------------------------------------------------------------
TOTAL: 2,085 218,518,303.87 100 104,805 10.634 6.232
---------------------------------------------------------------------------------------------------------
<CAPTION>
WTD WTD
AVG AVG
WTD WTD COMB COMB
WTD AVG WTD AVG WTD WTD ORIG ORIG
AVG MOS AVG STATED WTD AVG AVG LTV LTV
MAX TO ORIG REMAIN AVG ORIG CURR EXCLUDES INCLUDES
MAXIMUM MORTGAGE RATE ROLL TERM TERM AGE LTV LTV JR LIENS JR LIENS
RATES (%)
-----------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
< = 14.000 13.97 26 360 359.1 0.9 69.4 69.4 69.42 69.39
-----------------------------------------------------------------------------------------------------------------
14.001 - 15.000 14.76 30 358.4 357.7 0.7 74 74 74.12 74.37
-----------------------------------------------------------------------------------------------------------------
15.001 - 16.000 15.63 29 358.9 358 0.9 78.9 78.8 78.96 79.23
-----------------------------------------------------------------------------------------------------------------
16.001 - 17.000 16.56 31 358.6 357.8 0.8 80.8 80.7 80.79 81.21
-----------------------------------------------------------------------------------------------------------------
17.001 - 18.000 17.52 32 358.8 357.9 0.8 80.3 80.2 80.36 80.99
-----------------------------------------------------------------------------------------------------------------
18.001 - 19.000 18.49 33 359.6 358.7 0.8 77.6 77.6 77.64 78.39
-----------------------------------------------------------------------------------------------------------------
19.001 - 20.000 19.54 35 355.6 355.1 0.5 70.4 70.4 70.45 71.91
-----------------------------------------------------------------------------------------------------------------
20.001 >= 20.69 33 355 354.3 0.7 65.3 65.3 65.39 66.12
-----------------------------------------------------------------------------------------------------------------
TOTAL: 16.64 31 358.7 357.8 0.8 78.6 78.5 78.63 79.1
-----------------------------------------------------------------------------------------------------------------
</TABLE>
Minimum: 13.7500
Maximum: 22.7000
Weighted Average: 16.6371
TOP
--------------------------------------------------------------------------------
49. NEXT RATE ADJUSTMENT DATE
<PAGE>
<TABLE>
<CAPTION>
% OF
NUMBER TOTAL TOTAL AVG WTD WTD
OF CURRENT CURRENT CURRENT AVG AVG
NEXT RATE LOANS BALANCE BALANCE BALANCE COUPON MARGIN
ADJUSTMENT DATE
---------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
2001-04-01 1 103,944.65 0.05 103,945 9.125 5.594
---------------------------------------------------------------------------------------------------------
2001-12-01 1 49,977.51 0.02 49,978 9.93 4.95
---------------------------------------------------------------------------------------------------------
2002-01-01 1 37,403.63 0.02 37,404 11.63 6.7
---------------------------------------------------------------------------------------------------------
2002-03-01 1 134,767.53 0.06 134,768 12.1 6.75
---------------------------------------------------------------------------------------------------------
2002-05-01 1 84,756.65 0.04 84,757 9.74 6
---------------------------------------------------------------------------------------------------------
2002-06-01 5 898,454.66 0.41 179,691 10.316 5.88
---------------------------------------------------------------------------------------------------------
2002-07-01 17 1,946,680.76 0.89 114,511 10.069 5.711
---------------------------------------------------------------------------------------------------------
2002-08-01 14 1,797,323.64 0.82 128,380 10.44 5.772
---------------------------------------------------------------------------------------------------------
2002-09-01 61 8,158,914.08 3.73 133,753 10.232 6.221
---------------------------------------------------------------------------------------------------------
2002-10-01 155 20,640,263.64 9.45 133,163 10.128 6.115
---------------------------------------------------------------------------------------------------------
2002-11-01 280 37,669,131.43 17.24 134,533 10.106 6.042
---------------------------------------------------------------------------------------------------------
2002-12-01 41 4,865,033.00 2.23 118,659 10.083 6.055
---------------------------------------------------------------------------------------------------------
2003-04-01 3 375,229.47 0.17 125,076 10.358 5.337
---------------------------------------------------------------------------------------------------------
2003-05-01 7 712,561.56 0.33 101,795 10.008 5.606
---------------------------------------------------------------------------------------------------------
2003-06-01 11 1,055,956.89 0.48 95,996 10.609 6.12
---------------------------------------------------------------------------------------------------------
2003-07-01 23 2,366,556.08 1.08 102,894 10.551 6.283
---------------------------------------------------------------------------------------------------------
2003-07-15 1 99,901.25 0.05 99,901 9.5 5.75
---------------------------------------------------------------------------------------------------------
2003-08-01 36 3,506,006.59 1.6 97,389 10.41 6.176
---------------------------------------------------------------------------------------------------------
2003-09-01 227 23,893,881.92 10.93 105,259 10.72 6.389
---------------------------------------------------------------------------------------------------------
2003-10-01 429 40,349,775.67 18.47 94,055 10.909 6.341
---------------------------------------------------------------------------------------------------------
2003-11-01 643 57,492,549.26 26.31 89,413 11.068 6.3
---------------------------------------------------------------------------------------------------------
2003-12-01 126 12,191,234.00 5.58 96,756 10.769 6.374
---------------------------------------------------------------------------------------------------------
2004-01-01 1 88,000.00 0.04 88,000 11.5 6.875
---------------------------------------------------------------------------------------------------------
TOTAL: 2,085 218,518,303.87 100 104,805 10.634 6.232
---------------------------------------------------------------------------------------------------------
<CAPTION>
WTD WTD
AVG AVG
WTD WTD COMB COMB
WTD AVG WTD AVG WTD WTD ORIG ORIG
AVG MOS AVG STATED WTD AVG AVG LTV LTV
MAX TO ORIG REMAIN AVG ORIG CURR EXCLUDES INCLUDES
NEXT RATE RATE ROLL TERM TERM AGE LTV LTV JR LIENS JR LIENS
ADJUSTMENT DATE
----------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
2001-04-01 15.13 5 360 359 1 41.8 41.8 42 41.77
----------------------------------------------------------------------------------------------------------------
2001-12-01 15.93 13 360 349 11 90 89.3 90 90
----------------------------------------------------------------------------------------------------------------
2002-01-01 17.63 14 360 350 10 75 74.8 75 75
----------------------------------------------------------------------------------------------------------------
2002-03-01 18.1 16 360 352 8 75 74.9 75 75
----------------------------------------------------------------------------------------------------------------
2002-05-01 15.74 18 360 354 6 69.1 68.9 69.1 69.11
----------------------------------------------------------------------------------------------------------------
2002-06-01 16.58 19 360 355 5 89 88.4 89.11 89.04
----------------------------------------------------------------------------------------------------------------
2002-07-01 16.12 20 360 356 4 80.6 79.7 80.57 81.54
----------------------------------------------------------------------------------------------------------------
2002-08-01 16.44 21 360 357 3 80.2 80.1 80.16 80.71
----------------------------------------------------------------------------------------------------------------
2002-09-01 16.25 22 360 358 2 84 83.9 83.99 84.16
----------------------------------------------------------------------------------------------------------------
2002-10-01 16.13 23 360 359 1 78.8 78.7 78.79 79.05
----------------------------------------------------------------------------------------------------------------
2002-11-01 16.11 24 359.4 359.3 0 79.3 79.3 79.34 79.86
----------------------------------------------------------------------------------------------------------------
2002-12-01 16.08 25 360 360 0 79.6 79.4 79.73 79.82
----------------------------------------------------------------------------------------------------------------
2003-04-01 16.36 29 360 353 7 79.9 79.4 79.85 81.37
----------------------------------------------------------------------------------------------------------------
2003-05-01 16.01 30 360 354 6 78.5 78.3 78.46 78.68
----------------------------------------------------------------------------------------------------------------
2003-06-01 16.61 31 360 355 5 81.2 80.4 81.2 82.19
----------------------------------------------------------------------------------------------------------------
2003-07-01 16.55 32 360 356 4 83.2 82.9 83.26 83.81
----------------------------------------------------------------------------------------------------------------
2003-07-15 15.5 32 360 356 4 80 79.9 80 87
----------------------------------------------------------------------------------------------------------------
2003-08-01 16.41 33 360 357 3 79.8 79.7 79.82 80.42
----------------------------------------------------------------------------------------------------------------
2003-09-01 16.72 34 360 358 2 79.8 79.7 79.87 80.18
----------------------------------------------------------------------------------------------------------------
2003-10-01 16.91 35 356.6 355.6 1 76.7 76.6 76.76 77.23
----------------------------------------------------------------------------------------------------------------
2003-11-01 17.07 36 357.7 357.7 0 77.7 77.7 77.73 78.33
----------------------------------------------------------------------------------------------------------------
2003-12-01 16.77 37 360 360 0 77.7 77.7 77.71 78.26
----------------------------------------------------------------------------------------------------------------
2004-01-01 17.5 38 360 360 0 80 80 80 80
----------------------------------------------------------------------------------------------------------------
TOTAL: 16.64 31 358.7 357.8 0.8 78.6 78.5 78.63 79.1
----------------------------------------------------------------------------------------------------------------
</TABLE>
Minimum: 2001-04-01
Maximum: 2004-01-01
Weighted Average: 2003-06-04
TOP
--------------------------------------------------------------------------------
50. MONTHS TO NEXT RATE ADJUSTMENT
<TABLE>
<CAPTION>
% OF
NUMBER TOTAL TOTAL AVG WTD WTD
OF CURRENT CURRENT CURRENT AVG AVG
MONTHS TO NEXT LOANS BALANCE BALANCE BALANCE COUPON MARGIN
RATE ADJUSTMENT
-----------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
3 - 5 1 103,944.65 0.05 103,945 9.125 5.594
-----------------------------------------------------------------------------------------------------------
12 - 14 2 87,381.14 0.04 43,691 10.658 5.699
-----------------------------------------------------------------------------------------------------------
15 - 17 1 134,767.53 0.06 134,768 12.1 6.75
-----------------------------------------------------------------------------------------------------------
18 - 20 23 2,929,892.07 1.34 127,387 10.135 5.771
-----------------------------------------------------------------------------------------------------------
21 - 23 230 30,596,501.36 14 133,028 10.174 6.123
-----------------------------------------------------------------------------------------------------------
24 - 26 321 42,534,164.43 19.46 132,505 10.103 6.044
-----------------------------------------------------------------------------------------------------------
27 - 29 3 375,229.47 0.17 125,076 10.358 5.337
-----------------------------------------------------------------------------------------------------------
30 - 32 42 4,234,975.78 1.94 100,833 10.449 6.116
-----------------------------------------------------------------------------------------------------------
33 - 35 692 67,749,664.18 31 97,904 10.816 6.349
-----------------------------------------------------------------------------------------------------------
36 - 38 770 69,771,783.26 31.93 90,613 11.016 6.313
-----------------------------------------------------------------------------------------------------------
TOTAL: 2,085 218,518,303.87 100 104,805 10.634 6.232
-----------------------------------------------------------------------------------------------------------
<CAPTION>
WTD WTD
AVG AVG
WTD WTD COMB COMB
WTD AVG WTD AVG WTD WTD ORIG ORIG
AVG MOS AVG STATED WTD AVG AVG LTV LTV
MAX TO ORIG REMAIN AVG ORIG CURR EXCLUDES INCLUDES
MONTHS TO NEXT RATE ROLL TERM TERM AGE LTV LTV JR LIENS JR LIENS
RATE ADJUSTMENT
-----------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
3 - 5 15.13 5 360 359 1 41.8 41.8 42 41.77
-----------------------------------------------------------------------------------------------------------------
12 - 14 16.66 13 360 349.4 11 83.6 83.1 83.58 83.58
-----------------------------------------------------------------------------------------------------------------
15 - 17 18.1 16 360 352 8 75 74.9 75 75
-----------------------------------------------------------------------------------------------------------------
18 - 20 16.25 20 360 355.6 4.4 82.8 82 82.86 83.48
-----------------------------------------------------------------------------------------------------------------
21 - 23 16.18 23 360 358.6 1.4 80.3 80.2 80.26 80.51
-----------------------------------------------------------------------------------------------------------------
24 - 26 16.1 24 359.5 359.4 0 79.4 79.3 79.38 79.85
-----------------------------------------------------------------------------------------------------------------
27 - 29 16.36 29 360 353 7 79.9 79.4 79.85 81.37
-----------------------------------------------------------------------------------------------------------------
30 - 32 16.45 31 360 355.4 4.6 81.9 81.4 81.86 82.61
-----------------------------------------------------------------------------------------------------------------
33 - 35 16.82 35 358 356.5 1.5 77.9 77.9 78.02 78.44
-----------------------------------------------------------------------------------------------------------------
36 - 38 17.02 36 358.1 358.1 0 77.7 77.7 77.73 78.32
-----------------------------------------------------------------------------------------------------------------
TOTAL: 16.64 31 358.7 357.8 0.8 78.6 78.5 78.63 79.1
-----------------------------------------------------------------------------------------------------------------
</TABLE>
Minimum: 5
Maximum: 38
Weighted Average: 31.1
TOP
--------------------------------------------------------------------------------
51. CONFORMING BALANCE 2001 LIMITS
<TABLE>
<CAPTION>
% OF
NUMBER TOTAL TOTAL AVG WTD WTD
OF CURRENT CURRENT CURRENT AVG AVG
CONFORMING BALANCE LOANS BALANCE BALANCE BALANCE COUPON MARGIN
2001 LIMITS
---------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
Conforming Balance 2,085 218,518,303.87 100 104,805 10.634 6.232
---------------------------------------------------------------------------------------------------------
TOTAL: 2,085 218,518,303.87 100 104,805 10.634 6.232
---------------------------------------------------------------------------------------------------------
<CAPTION>
WTD WTD
AVG AVG
WTD WTD COMB COMB
WTD AVG WTD AVG WTD WTD ORIG ORIG
AVG MOS AVG STATED WTD AVG AVG LTV LTV
MAX TO ORIG REMAIN AVG ORIG CURR EXCLUDES INCLUDES
CONFORMING BALANCE RATE ROLL TERM TERM AGE LTV LTV JR LIENS JR LIENS
2001 LIMITS
----------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Conforming Balance 16.64 31 358.7 357.8 0.8 78.6 78.5 78.63 79.1
----------------------------------------------------------------------------------------------------------------
TOTAL: 16.64 31 358.7 357.8 0.8 78.6 78.5 78.63 79.1
----------------------------------------------------------------------------------------------------------------
</TABLE>
TOP
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
<PAGE>
THIS INFORMATION HAS BEEN PREPARED IN CONNECTION WITH THE ISSUANCE OF SECURITIES
REPRESENTING [INTERESTS IN / DEBT OF] THE ABOVE TRUST, AND IS BASED IN PART ON
INFORMATION PROVIDED BY [ORIGINATOR] WITH RESPECT TO THE EXPECTED
CHARACTERISTICS OF THE POOL OF [ASSET] IN WHICH THESE SECURITIES WILL REPRESENT
[UNDIVIDED BENEFICIAL INTERESTS / DEBT OBLIGATIONS]. THE ACTUAL CHARACTERISTICS
AND PERFORMANCE OF THE [ASSET] WILL DIFFER FROM THE ASSUMPTIONS USED IN
PREPARING THESE MATERIALS, WHICH ARE HYPOTHETICAL IN NATURE. CHANGES THE
ASSUMPTIONS MAY HAVE A MATERIAL IMPACT ON THE INFORMATION SET FORTH IN THESE
MATERIALS. NO REPRESENTATION IS MADE THAT ANY PERFORMANCE OR RETURN INDICATED
HEREIN WILL BE ACHIEVED. FOR EXAMPLE, IT IS VERY UNLIKELY THAT THE LOANS WILL
PREPAY AT A CONSTANT RATE OR FOLLOW A PREDICTABLE PATTERN. THIS INFORMATION MAY
NOT BE USED OR OTHERWISE DISSEMINATED IN CONNECTION WITH THE OFFER OR SALE OF
THESE OR ANY OTHER SECURITIES, EXCEPT IN CONNECTION WITH THE INITIAL OFFER OR
SALE OF THESE SECURITIES TO YOU TO THE EXTENT SET FORTH BELOW. NO REPRESENTATION
IS MADE AS TO THE APPROPRIATENESS, USEFULNESS, ACCURACY OR COMPLETENESS OF
THESE MATERIALS OR THE ASSUMPTIONS ON WHICH THEY ARE BASED. ADDITIONAL
INFORMATION IS
<PAGE>
THE CARLISLE GROUP
1,431 RECORDS
BALANCE: 109,679,778
-------------------------------------------------------------------------------
SELECTION CRITERIA: NO SECTION 32 LOANS; FIXED RATE
TABLE OF CONTENTS
1
SUMMARY STATISTICS
2
SUMMARY STATISTICS - ARMS
3
SUMMARY STATISTICS - FRS
4
CURRENT MORTGAGE RATES (%) (RTCURR)
5
ORIGINAL MORTGAGE LOAN PRINCIPAL BALANCE ($) (BALORIG)
6
CURRENT MORTGAGE LOAN PRINCIPAL BALANCE ($) (BALCURR)
7
ORIGINAL LOAN-TO-VALUE RATIO (%) (LTVORIG)
8
CURRENT LOAN-TO-VALUE RATIO (%) (LTVCURR)
9
COMB ORIG LOAN-TO-VALUE RATIO (%)-INCLUDES SUB LIENS (LTVCOMBORIG)
10
COMB ORIG-LOAN-TO-VALUE RATIO (%)-DOESN'T INCLUDE SUB LIENS (LTVCOMBORIGTAPE)
11
JUNIOR LOAN RATIO (%) - SECOND LIENS (JRLOANRATIO)
12
LIEN POSITION (CDLIEN)
13
SILENT SECONDS AND SILENT THIRDS (CDSILENTSECOND)
14
MORGAGE INSURANCE FLAG (CDPMICOMPFLAG)
15
MORGAGE INSURANCE TYPE (CDPMITYPE)
16
SECTION 32 (CDSECTION32)
17
ADJUSTMENT TYPE (CDADJTYPE)
18
BALLOON (CDBALLOON)
19
ORIGINAL TERM (TERMORIG)
20
SEASONING (TERMSEASON)
21
REMAINING TERM TO STATED MATURITY (TERMSTDREM)
22
CALCULATED REMAINING TERM (TERMCALCREM)
23
FIRST PAYMENT DATE (DATEFPAY)
24
PAID THRU DATE (DATEPDTH)
25
MONTHS DELINQUENT (DELMONTH)
26
GEOGRAPHIC DISTRIBUTION BY STATE (ADDPSTATE)
27
TOP 10 GEOGRAPHIC DISTRIBUTION BY BALANCE (ADDPSTATE)
28
TOP 10 ZIP CODE CONCENTRATIONS (ADDPZIP)
29
PROPERTY TYPE (CDPROPERTY)
30
NUMBER OF UNITS (UNITS)
31
OCCUPANCY (CDOCCUP)
32
OCCUPANCY CHECK (1ST FIELDS IS OCCUP STAT, 2ND IS PROPERTY CLASS) (CDOCCUPCHECK)
33
PURPOSE (CDPURPOSE)
34
DOCUMENTATION LEVEL (CDDOCTYPE)
35
BACK RATIO (DTIBACK)
36
FRONT RATIO (DTIFRONT)
37
FICO SCORE (SCOREFICO1)
38
PREPAYMENT PENALTY (CDPREPAY)
39
PREPAYMENT TAPE (CDPREPAYTAPE)
40
ASSUMABLE (CDASSUME)
41
PRODUCT (CDPRODUCT)
42
INDEX TYPE (CDINDEX)
43
MARGIN (%) (ARMMARGIN)
44
INITIAL PERIODIC CAP (%) (ARMIPERCAP)
45
PERIODIC CAP (%) (ARMPERCAP)
46
LIFETIME RATE CAP (%) (ARMLIFECAP)
47
MAXIMUM MORTGAGE RATES (%) (ARMMAX)
<PAGE>
48
NEXT RATE ADJUSTMENT DATE (ARMDTNRA)
49
MONTHS TO NEXT RATE ADJUSTMENT (ARMMOSNRA)
50
CONFORMING BALANCE 2001 LIMITS (CDCONFORM2)
--------------------------------------------------------------------------------
1. SUMMARY STATISTICS
Number of Mortgage Loans: 1,431
Total Current Balance: 109,679,778.16
Maximum Balance: 479,885.25
Minimum Balance: 10,961.60
Average Current Balance: 76,646
Total Original Balance: 109,728,578
Weighted Average Coupon: 10.893
Weighted Average Total Servicing(includes LPMI): 0.607
Weighted Average Net Coupon: 10.286
Maximum Coupon: 16.304
Minimum Coupon: 7.625
Weighted Average Original Term: 333.420
Weighted Average Original Amortized Term: 333.625
Weighted Average Stated Remaining Term: 332.863
Weighted Average Amortized Remaining Term: 333.025
Weighted Average Seasoning: 0.557
Weighted Average Original LTV-calc: 72.83
Weighted Average Current LTV-calc: 72.76
Weighted Average Combined Original LTV-excludes subordinate liens: 73.31
Weighted Average Combined Original LTV-includes subordinate liens: 73.34
Top 5 States: CA(21.3%),TX(13.2%),NY(8.1%),MI(6.3%),FL(6.0%)
TOP
--------------------------------------------------------------------------------
2. SUMMARY STATISTICS - ARMS
TOP
--------------------------------------------------------------------------------
3. SUMMARY STATISTICS - FRS
Number of Mortgage Loans: 1,431
Total Current Balance: 109,679,778.16
Maximum Balance: 479,885.25
Minimum Balance: 10,961.60
Average Current Balance: 76,646
Total Original Balance: 109,728,578
Weighted Average Coupon: 10.893
Weighted Average Total Servicing(includes LPMI): 0.607
Weighted Average Net Coupon: 10.286
Maximum Coupon: 16.304
Minimum Coupon: 7.625
Weighted Average Original Term: 333.420
Weighted Average Original Amortized Term: 333.625
Weighted Average Stated Remaining Term: 332.863
Weighted Average Amortized Remaining Term: 333.025
Weighted Average Seasoning: 0.557
Weighted Average Original LTV-calc: 72.83
Weighted Average Current LTV-calc: 72.76
Weighted Average Combined Original LTV-excludes subordinate liens: 73.31
Weighted Average Combined Original LTV-includes subordinate liens: 73.34
Top 5 States: CA(21.3%),TX(13.2%),NY(8.1%),MI(6.3%),FL(6.0%)
TOP
--------------------------------------------------------------------------------
4. CURRENT MORTGAGE RATES (%) (RTCURR)
<TABLE>
<CAPTION>
--------------------------------------------------------------------------------
NUMBER TOTAL TOTAL AVG WTD
CURRENT MORTGAGE OF CURRENT CURRENT CURRENT AVG
RATES (%)(RTCURR) LOANS BALANCE BALANCE BALANCE COUPON
--------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
7.001 - 8.000 2 227,895.31 0.21 113,948 7.882
--------------------------------------------------------------------------------
8.001 - 9.000 77 9,093,641.77 8.29 118,099 8.715
--------------------------------------------------------------------------------
9.001 - 10.000 291 29,200,875.39 26.62 100,347 9.686
--------------------------------------------------------------------------------
10.001 - 11.000 392 28,940,910.10 26.39 73,829 10.643
--------------------------------------------------------------------------------
11.001 - 12.000 282 19,803,936.83 18.06 70,227 11.596
--------------------------------------------------------------------------------
12.001 - 13.000 206 13,528,267.16 12.33 65,671 12.532
--------------------------------------------------------------------------------
13.001 - 14.000 116 5,616,367.41 5.12 48,417 13.547
--------------------------------------------------------------------------------
14.001 - 15.000 54 2,862,039.70 2.61 53,001 14.412
--------------------------------------------------------------------------------
15.001 >= 11 405,844.49 0.37 36,895 15.541
--------------------------------------------------------------------------------
TOTAL: 1,431 109,679,778.16 100 76,646 10.893
--------------------------------------------------------------------------------
<CAPTION>
-----------------------------------------------------------------------------------------------------
WTD WTD
AVG AVG
WTD WTD COMB COMB
WTD AVG WTD AVG WTD WTD ORIG ORIG
WTD AVG MOS AVG STATED WTD AVG AVG LTV LTV
CURRENT MORTGAGE AVG MAX TO ORIG REMAIN AVG ORIG CURR EXCLUDES INCLUDES
RATES (%)(RTCURR) MARGIN RATE ROLL TERM TERM AGE LTV LTV JR LIENS JR LIENS
-----------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
7.001 - 8.000 0 0 0 360 359.3 0.7 66.5 66.4 66.47 66.47
-----------------------------------------------------------------------------------------------------
8.001 - 9.000 0 0 0 334 333.4 0.6 71.3 71.2 71.44 71.57
-----------------------------------------------------------------------------------------------------
9.001 - 10.000 0 0 0 333.4 332.8 0.5 72.9 72.9 73.08 72.95
-----------------------------------------------------------------------------------------------------
10.001 - 11.000 0 0 0 335.4 334.7 0.6 74.4 74.3 74.59 74.53
-----------------------------------------------------------------------------------------------------
11.001 - 12.000 0 0 0 332.8 332.4 0.4 75.4 75.4 75.71 75.75
-----------------------------------------------------------------------------------------------------
12.001 - 13.000 0 0 0 329.6 329.1 0.5 71.8 71.7 72.52 72.63
-----------------------------------------------------------------------------------------------------
13.001 - 14.000 0 0 0 331.5 331 0.5 67.6 67.4 69.88 70.49
-----------------------------------------------------------------------------------------------------
14.001 - 15.000 0 0 0 339 338.3 0.7 63 63 64.69 65.18
-----------------------------------------------------------------------------------------------------
15.001 >= 0 0 0 313.6 310.6 3 46.2 45.8 62.48 62.83
-----------------------------------------------------------------------------------------------------
TOTAL: 0 0 0 333.4 332.9 0.6 72.8 72.8 73.31 73.34
-----------------------------------------------------------------------------------------------------
</TABLE>
Minimum: 7.6250
Maximum: 16.3040
Weighted Average: 10.8930
TOP
--------------------------------------------------------------------------------
5. ORIGINAL MORTGAGE LOAN PRINCIPAL BALANCE ($) (BALORIG)
<PAGE>
<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------------------
% OF
NUMBER TOTAL TOTAL AVG WTD WTD
ORIGINAL MORTGAGE LOAN OF CURRENT CURRENT CURRENT AVG AVG
PRINCIPAL BALANCE ($) LOANS BALANCE BALANCE BALANCE COUPON MARGIN
(BALORIG)
---------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
< = 50,000 558 19,959,070.72 18.2 35,769 11.747 0
------------------------------------------------------------------------------------------------------
50,001 - 75,000 349 21,456,654.12 19.56 61,480 11.114 0
------------------------------------------------------------------------------------------------------
75,001 - 100,000 203 17,623,062.82 16.07 86,813 10.81 0
------------------------------------------------------------------------------------------------------
100,001 - 125,000 137 15,308,640.37 13.96 111,742 10.437 0
------------------------------------------------------------------------------------------------------
125,001 - 150,000 62 8,399,736.45 7.66 135,480 10.661 0
------------------------------------------------------------------------------------------------------
150,001 - 175,000 31 4,935,388.55 4.5 159,206 10.488 0
------------------------------------------------------------------------------------------------------
175,001 - 200,000 33 6,192,750.19 5.65 187,659 10.479 0
------------------------------------------------------------------------------------------------------
200,001 - 225,000 17 3,611,233.02 3.29 212,425 10.284 0
------------------------------------------------------------------------------------------------------
225,001 - 250,000 14 3,314,931.16 3.02 236,781 10.774 0
------------------------------------------------------------------------------------------------------
250,001 >= 27 8,878,310.76 8.09 328,826 10.418 0
------------------------------------------------------------------------------------------------------
TOTAL: 1,431 109,679,778.16 100 76,646 10.893 0
------------------------------------------------------------------------------------------------------
<CAPTION>
-----------------------------------------------------------------------------------------------------
WTD WTD
AVG AVG
WTD WTD COMB COMB
WTD AVG WTD AVG WTD WTD ORIG ORIG
AVG MOS AVG STATED WTD AVG AVG LTV LTV
ORIGINAL MORTGAGE LOAN MAX TO ORIG REMAIN AVG ORIG CURR EXCLUDES INCLUDES
PRINCIPAL BALANCE ($) RATE ROLL TERM TERM AGE LTV LTV JR LIENS JR LIENS
(BALORIG)
--------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
< = 50,000 0 0 295.6 295 0.6 64.9 64.8 66.73 66.9
-----------------------------------------------------------------------------------------------------
50,001 - 75,000 0 0 332.8 332.1 0.7 72.5 72.4 72.68 72.63
-----------------------------------------------------------------------------------------------------
75,001 - 100,000 0 0 332.8 332.4 0.4 75.6 75.5 75.68 75.68
-----------------------------------------------------------------------------------------------------
100,001 - 125,000 0 0 339.4 338.8 0.5 74.3 74.3 74.84 74.93
-----------------------------------------------------------------------------------------------------
125,001 - 150,000 0 0 342.4 342.2 0.3 78.1 78.1 78.18 78.27
-----------------------------------------------------------------------------------------------------
150,001 - 175,000 0 0 350.1 349.6 0.5 73.8 73.8 73.9 73.98
-----------------------------------------------------------------------------------------------------
175,001 - 200,000 0 0 351 350.3 0.7 76.8 76.8 76.89 76.82
-----------------------------------------------------------------------------------------------------
200,001 - 225,000 0 0 360 359.6 0.4 78.5 78.4 78.58 78.45
-----------------------------------------------------------------------------------------------------
225,001 - 250,000 0 0 360 359.6 0.4 70.2 70.2 70.3 70.23
-----------------------------------------------------------------------------------------------------
250,001 >= 0 0 360 359.2 0.8 73.8 73.7 73.88 73.77
-----------------------------------------------------------------------------------------------------
TOTAL: 0 0 333.4 332.9 0.6 72.8 72.8 73.31 73.34
-----------------------------------------------------------------------------------------------------
</TABLE>
Minimum: 11,000
Maximum: 480,000
Average: 76,680
Total: 109,728,578.00
TOP
--------------------------------------------------------------------------------
6. CURRENT MORTGAGE LOAN PRINCIPAL BALANCE ($) (BALCURR)
<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------------------
% OF
NUMBER TOTAL TOTAL AVG WTD WTD
CURRENT MORTGAGE LOAN OF CURRENT CURRENT CURRENT AVG AVG
PRINCIPAL BALANCE ($) LOANS BALANCE BALANCE BALANCE COUPON MARGIN
(BALCURR) --------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
< = 50,000 558 19,959,070.72 18.2 35,769 11.747 0
------------------------------------------------------------------------------------------------------
50,000.01 - 75,000.00 349 21,456,654.12 19.56 61,480 11.114 0
------------------------------------------------------------------------------------------------------
75,000.01 - 100,000.00 203 17,623,062.82 16.07 86,813 10.81 0
------------------------------------------------------------------------------------------------------
100,000.01 - 125,000.00 137 15,308,640.37 13.96 111,742 10.437 0
------------------------------------------------------------------------------------------------------
125,000.01 - 150,000.00 62 8,399,736.45 7.66 135,480 10.661 0
------------------------------------------------------------------------------------------------------
150,000.01 - 175,000.00 31 4,935,388.55 4.5 159,206 10.488 0
------------------------------------------------------------------------------------------------------
175,000.01 - 200,000.00 33 6,192,750.19 5.65 187,659 10.479 0
------------------------------------------------------------------------------------------------------
200,000.01 - 225,000.00 17 3,611,233.02 3.29 212,425 10.284 0
------------------------------------------------------------------------------------------------------
225,000.01 - 250,000.00 14 3,314,931.16 3.02 236,781 10.774 0
------------------------------------------------------------------------------------------------------
250,000.01 >= 27 8,878,310.76 8.09 328,826 10.418 0
------------------------------------------------------------------------------------------------------
TOTAL: 1,431 109,679,778.16 100 76,646 10.893 0
------------------------------------------------------------------------------------------------------
<CAPTION>
-------------------------------------------------------------------------------------------------------
WTD WTD
AVG AVG
WTD WTD COMB COMB
WTD AVG WTD AVG WTD WTD ORIG ORIG
AVG MOS AVG STATED WTD AVG AVG LTV LTV
CURRENT MORTGAGE LOAN MAX TO ORIG REMAIN AVG ORIG CURR EXCLUDES INCLUDES
PRINCIPAL BALANCE ($) RATE ROLL TERM TERM AGE LTV LTV JR LIENS JR LIENS
(BALCURR) ---------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
< = 50,000 0 0 295.6 295 0.6 64.9 64.8 66.73 66.9
-------------------------------------------------------------------------------------------------------
50,000.01 - 75,000.00 0 0 332.8 332.1 0.7 72.5 72.4 72.68 72.63
-------------------------------------------------------------------------------------------------------
75,000.01 - 100,000.00 0 0 332.8 332.4 0.4 75.6 75.5 75.68 75.68
-------------------------------------------------------------------------------------------------------
100,000.01 - 125,000.00 0 0 339.4 338.8 0.5 74.3 74.3 74.84 74.93
-------------------------------------------------------------------------------------------------------
125,000.01 - 150,000.00 0 0 342.4 342.2 0.3 78.1 78.1 78.18 78.27
-------------------------------------------------------------------------------------------------------
150,000.01 - 175,000.00 0 0 350.1 349.6 0.5 73.8 73.8 73.9 73.98
-------------------------------------------------------------------------------------------------------
175,000.01 - 200,000.00 0 0 351 350.3 0.7 76.8 76.8 76.89 76.82
-------------------------------------------------------------------------------------------------------
200,000.01 - 225,000.00 0 0 360 359.6 0.4 78.5 78.4 78.58 78.45
-------------------------------------------------------------------------------------------------------
225,000.01 - 250,000.00 0 0 360 359.6 0.4 70.2 70.2 70.3 70.23
-------------------------------------------------------------------------------------------------------
250,000.01 >= 0 0 360 359.2 0.8 73.8 73.7 73.88 73.77
-------------------------------------------------------------------------------------------------------
TOTAL: 0 0 333.4 332.9 0.6 72.8 72.8 73.31 73.34
-------------------------------------------------------------------------------------------------------
</TABLE>
Minimum: 10,962
Maximum: 479,885
Average: 76,646
TOP
--------------------------------------------------------------------------------
7. ORIGINAL LOAN-TO-VALUE RATIO (%) (LTVORIG)
<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------------------
% OF
NUMBER TOTAL TOTAL AVG WTD WTD
ORIGINAL OF CURRENT CURRENT CURRENT AVG AVG
LOAN-TO-VALUE RATIO (%) LOANS BALANCE BALANCE BALANCE COUPON MARGIN
(LTVORIG) -------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
< = 50.00 172 7,637,805.83 6.96 44,406 11.313 0
------------------------------------------------------------------------------------------------------
50.01 - 60.00 123 7,664,595.93 6.99 62,314 10.878 0
------------------------------------------------------------------------------------------------------
60.01 - 70.00 291 21,575,036.93 19.67 74,141 11.267 0
------------------------------------------------------------------------------------------------------
70.01 - 75.00 235 17,991,341.79 16.4 76,559 10.794 0
------------------------------------------------------------------------------------------------------
75.01 - 80.00 420 37,707,782.14 34.38 89,780 10.568 0
------------------------------------------------------------------------------------------------------
80.01 - 85.00 97 8,810,818.21 8.03 90,833 10.799 0
------------------------------------------------------------------------------------------------------
85.01 - 90.00 71 6,424,145.66 5.86 90,481 11.222 0
------------------------------------------------------------------------------------------------------
90.01 - 95.00 17 1,174,230.55 1.07 69,072 11.857 0
------------------------------------------------------------------------------------------------------
95.01 - 100.00 5 694,021.12 0.63 138,804 11.554 0
------------------------------------------------------------------------------------------------------
TOTAL: 1,431 109,679,778.16 100 76,646 10.893 0
------------------------------------------------------------------------------------------------------
<CAPTION>
------------------------------------------------------------------------------------------------------
WTD WTD
AVG AVG
WTD WTD COMB COMB
WTD AVG WTD AVG WTD WTD ORIG ORIG
AVG MOS AVG STATED WTD AVG AVG LTV LTV
ORIGINAL MAX TO ORIG REMAIN AVG ORIG CURR EXCLUDES INCLUDES
LOAN-TO-VALUE RATIO (%) RATE ROLL TERM TERM AGE LTV LTV JR LIENS JR LIENS
(LTVORIG) -------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
< = 50.00 0 0 298.1 297.1 1 36.2 36.2 41.6 41.42
------------------------------------------------------------------------------------------------------
50.01 - 60.00 0 0 314.8 313.4 1.3 56.4 56.3 56.74 56.59
------------------------------------------------------------------------------------------------------
60.01 - 70.00 0 0 336.2 335.8 0.5 67 67 67.16 67.03
------------------------------------------------------------------------------------------------------
70.01 - 75.00 0 0 330 329.7 0.4 74.3 74.2 74.36 74.57
------------------------------------------------------------------------------------------------------
75.01 - 80.00 0 0 336.4 335.9 0.5 79.5 79.5 79.61 79.74
------------------------------------------------------------------------------------------------------
80.01 - 85.00 0 0 349 348.6 0.4 84.3 84.3 84.44 84.31
------------------------------------------------------------------------------------------------------
85.01 - 90.00 0 0 351 350.3 0.6 89.8 89.7 89.81 89.96
------------------------------------------------------------------------------------------------------
90.01 - 95.00 0 0 360 359.5 0.5 94.6 93.4 94.65 94.58
------------------------------------------------------------------------------------------------------
95.01 - 100.00 0 0 360 359.1 0.9 97.5 97.5 97.5 97.5
------------------------------------------------------------------------------------------------------
TOTAL: 0 0 333.4 332.9 0.6 72.8 72.8 73.31 73.34
------------------------------------------------------------------------------------------------------
</TABLE>
Minimum: 5.72
Maximum: 100.00
Weighted Average by Original Balance: 72.82
Weighted Average by Current Balance: 72.83
TOP
--------------------------------------------------------------------------------
8. CURRENT LOAN-TO-VALUE RATIO (%) (LTVCURR)
<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------------------
% OF
NUMBER TOTAL TOTAL AVG WTD WTD
CURRENT OF CURRENT CURRENT CURRENT AVG AVG
LOAN-TO-VALUE RATIO (%) LOANS BALANCE BALANCE BALANCE COUPON MARGIN
(LTVCURR) ------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
< = 50.00 174 7,750,915.64 7.07 44,545 11.302 0
------------------------------------------------------------------------------------------------------
50.01 - 60.00 124 7,759,186.89 7.07 62,574 10.947 0
------------------------------------------------------------------------------------------------------
<CAPTION>
-------------------------------------------------------------------------------------------------------
WTD WTD
AVG AVG
WTD WTD COMB COMB
WTD AVG WTD AVG WTD WTD ORIG ORIG
AVG MOS AVG STATED WTD AVG AVG LTV LTV
CURRENT MAX TO ORIG REMAIN AVG ORIG CURR EXCLUDES INCLUDES
LOAN-TO-VALUE RATIO (%) RATE ROLL TERM TERM AGE LTV LTV JR LIENS JR LIENS
(LTVCURR) -------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
< = 50.00 0 0 295.9 294 1.8 36.6 36.3 42.05 41.88
-------------------------------------------------------------------------------------------------------
50.01 - 60.00 0 0 317.3 316.8 0.6 56.5 56.4 56.75 56.6
-------------------------------------------------------------------------------------------------------
<PAGE>
<CAPTION>
------------------------------------------------------------------------------------------------------
% OF
NUMBER TOTAL TOTAL AVG WTD WTD
CURRENT OF CURRENT CURRENT CURRENT AVG AVG
LOAN-TO-VALUE RATIO (%) LOANS BALANCE BALANCE BALANCE COUPON MARGIN
(LTVCURR)
<S> <C> <C> <C> <C> <C> <C>
------------------------------------------------------------------------------------------------------
60.01 - 70.00 291 21,570,709.07 19.67 74,126 11.248 0
------------------------------------------------------------------------------------------------------
70.01 - 75.00 234 17,888,468.88 16.31 76,446 10.796 0
------------------------------------------------------------------------------------------------------
75.01 - 80.00 420 37,703,782.14 34.38 89,771 10.568 0
------------------------------------------------------------------------------------------------------
80.01 - 85.00 97 8,810,818.21 8.03 90,833 10.799 0
------------------------------------------------------------------------------------------------------
85.01 - 90.00 71 6,476,445.66 5.9 91,218 11.228 0
------------------------------------------------------------------------------------------------------
90.01 - 95.00 15 1,025,430.55 0.93 68,362 11.797 0
------------------------------------------------------------------------------------------------------
95.01 - 100.00 5 694,021.12 0.63 138,804 11.554 0
------------------------------------------------------------------------------------------------------
TOTAL: 1,431 109,679,778.16 100 76,646 10.893 0
------------------------------------------------------------------------------------------------------
<CAPTION>
-------------------------------------------------------------------------------------------------------
WTD WTD
AVG AVG
WTD WTD COMB COMB
WTD AVG WTD AVG WTD WTD ORIG ORIG
AVG MOS AVG STATED WTD AVG AVG LTV LTV
CURRENT MAX TO ORIG REMAIN AVG ORIG CURR EXCLUDES INCLUDES
LOAN-TO-VALUE RATIO (%) RATE ROLL TERM TERM AGE LTV LTV JR LIENS JR LIENS
(LTVCURR) -------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
60.01 - 70.00 0 0 335.7 335.2 0.4 67.1 67.1 67.29 67.15
-------------------------------------------------------------------------------------------------------
70.01 - 75.00 0 0 330.5 330.2 0.4 74.3 74.3 74.38 74.59
-------------------------------------------------------------------------------------------------------
75.01 - 80.00 0 0 336.6 336.2 0.5 79.5 79.5 79.62 79.75
-------------------------------------------------------------------------------------------------------
80.01 - 85.00 0 0 349 348.6 0.4 84.3 84.3 84.44 84.31
-------------------------------------------------------------------------------------------------------
85.01 - 90.00 0 0 351.1 350.4 0.6 89.8 89.8 89.86 90
-------------------------------------------------------------------------------------------------------
90.01 - 95.00 0 0 360 359.5 0.5 95 95 94.99 94.98
-------------------------------------------------------------------------------------------------------
95.01 - 100.00 0 0 360 359.1 0.9 97.5 97.5 97.5 97.5
-------------------------------------------------------------------------------------------------------
TOTAL: 0 0 333.4 332.9 0.6 72.8 72.8 73.31 73.34
-------------------------------------------------------------------------------------------------------
</TABLE>
Minimum: 5.72
Maximum: 99.95
Weighted Average: 72.76
TOP
--------------------------------------------------------------------------------
9. COMB ORIG LOAN-TO-VALUE RATIO (%)-INCLUDES SUB LIENS (LTVCOMBORIG)
<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------------------
% OF
COMB NUMBER TOTAL TOTAL AVG WTD WTD
ORIG OF CURRENT CURRENT CURRENT AVG AVG
LOAN-TO-VALUE RATIO LOANS BALANCE BALANCE BALANCE COUPON MARGIN
(%)-INCLUDES SUB LIENS
(LTVCOMBORIG)
------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
< = 50.00 151 7,034,103.99 6.41 46,583 11.135 0
------------------------------------------------------------------------------------------------------
50.01 - 60.00 124 7,617,267.22 6.95 61,430 10.876 0
------------------------------------------------------------------------------------------------------
60.01 - 70.00 292 21,610,082.81 19.7 74,007 11.265 0
------------------------------------------------------------------------------------------------------
70.01 - 75.00 228 17,538,974.97 15.99 76,925 10.79 0
------------------------------------------------------------------------------------------------------
75.01 - 80.00 414 36,709,689.68 33.47 88,671 10.559 0
------------------------------------------------------------------------------------------------------
80.01 - 85.00 102 9,514,106.11 8.67 93,276 10.846 0
------------------------------------------------------------------------------------------------------
85.01 - 90.00 82 7,106,419.62 6.48 86,664 11.112 0
------------------------------------------------------------------------------------------------------
90.01 - 95.00 28 1,672,995.60 1.53 59,750 12.368 0
------------------------------------------------------------------------------------------------------
95.01 - 100.00 8 804,897.28 0.73 100,612 11.737 0
------------------------------------------------------------------------------------------------------
100.01 - 105.00 1 31,814.25 0.03 31,814 15.5 0
------------------------------------------------------------------------------------------------------
105.01 - 110.00 1 39,426.63 0.04 39,427 11.99 0
------------------------------------------------------------------------------------------------------
TOTAL: 1,431 109,679,778.16 100 76,646 10.893 0
------------------------------------------------------------------------------------------------------
<CAPTION>
------------------------------------------------------------------------------------------------------
WTD WTD
AVG AVG
WTD WTD COMB COMB
WTD AVG WTD AVG WTD WTD ORIG ORIG
COMB AVG MOS AVG STATED WTD AVG AVG LTV LTV
ORIG MAX TO ORIG REMAIN AVG ORIG CURR EXCLUDES INCLUDES
LOAN-TO-VALUE RATIO RATE ROLL TERM TERM AGE LTV LTV JR LIENS JR LIENS
(%)-INCLUDES SUB LIENS
(LTVCOMBORIG)
------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
< = 50.00 0 0 305.1 304.7 0.5 37.7 37.7 38 37.72
50.01 - 60.00 0 0 315.3 314.6 0.7 56.1 56.1 56.61 56.4
------------------------------------------------------------------------------------------------------
60.01 - 70.00 0 0 335.3 334.5 0.8 66.9 66.8 67.15 67
------------------------------------------------------------------------------------------------------
70.01 - 75.00 0 0 330.1 329.8 0.4 74.1 74.1 74.34 74.22
------------------------------------------------------------------------------------------------------
75.01 - 80.00 0 0 335 334.5 0.5 79.3 79.2 79.53 79.51
------------------------------------------------------------------------------------------------------
80.01 - 85.00 0 0 348.1 347.6 0.5 83.1 83.1 84.02 84.07
------------------------------------------------------------------------------------------------------
85.01 - 90.00 0 0 351.3 350.5 0.8 87.8 87.7 88.63 89.53
------------------------------------------------------------------------------------------------------
90.01 - 95.00 0 0 350.1 349.6 0.5 89.9 89.1 91.71 94.63
------------------------------------------------------------------------------------------------------
95.01 - 100.00 0 0 349.1 348.2 0.9 89.7 89.5 96.9 97.84
------------------------------------------------------------------------------------------------------
100.01 - 105.00 0 0 180 176 4 18.4 18.3 98.4 103.68
------------------------------------------------------------------------------------------------------
105.01 - 110.00 0 0 180 176 4 25 24.8 100 105.03
------------------------------------------------------------------------------------------------------
TOTAL: 0 0 333.4 332.9 0.6 72.8 72.8 73.31 73.34
------------------------------------------------------------------------------------------------------
</TABLE>
Minimum: 5.72
Maximum: 105.03
Weighted Average by Original Balance: 73.34
Weighted Average by Current Balance: 73.34
TOP
--------------------------------------------------------------------------------
10. COMB ORIG LOAN-TO-VALUE RATIO (%)-DOESN'T INCLUDE SUB LIENS
(LTVCOMBORIGTAPE)
<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------------------------
% OF WTD
COMB NUMBER TOTAL TOTAL AVG WTD WTD AVG
ORIG OF CURRENT CURRENT CURRENT AVG AVG MAX
LOAN-TO-VALUE RATIO LOANS BALANCE BALANCE BALANCE COUPON MARGIN RATE
(%)-DOESN'T INCLUDE SUB
LIENS (LTVCOMBORIGTAPE)
------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
< = 50.00 151 7,034,103.99 6.41 46,583 11.135 0 0
50.01 - 55.00 45 2,551,086.71 2.33 56,691 10.865 0 0
55.01 - 60.00 79 5,066,180.51 4.62 64,129 10.882 0 0
60.01 - 65.00 107 7,523,011.70 6.86 70,309 11.879 0 0
65.01 - 70.00 189 14,260,864.71 13 75,454 10.96 0 0
70.01 - 75.00 235 17,982,664.95 16.4 76,522 10.8 0 0
75.01 - 80.00 424 37,884,538.83 34.54 89,350 10.58 0 0
80.01 - 85.00 98 8,823,669.26 8.04 90,037 10.802 0 0
85.01 - 90.00 76 6,499,369.68 5.93 85,518 11.238 0 0
90.01 - 95.00 18 1,216,149.66 1.11 67,564 11.978 0 0
95.01 - 100.00 9 838,138.16 0.76 93,126 11.897 0 0
TOTAL: 1,431 109,679,778.16 100 76,646 10.893 0 0
<CAPTION>
------------------------------------------------------------------------------------------------------------
WTD WTD COMB COMB
AVG WTD AVG WTD WTD ORIG ORIG
COMB MOS AVG STATED WTD AVG AVG LTV LTV
ORIG TO ORIG REMAIN AVG ORIG CURR EXCLUDES INCLUDES
LOAN-TO-VALUE RATIO OLL TERM TERM AGE LTV LTV JR LIENS JR LIENS
(%)-DOESN'T INCLUDE SUB
LIENS (LTVCOMBORIGTAPE)
------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
< = 50.00 0 305.1 304.7 0.5 37.7 37.7 38 37.72
50.01 - 55.00 0 328.1 327.2 0.9 52.4 52.4 52.88 52.64
55.01 - 60.00 0 308.9 308.3 0.6 58 58 58.49 58.29
60.01 - 65.00 0 340.1 339.5 0.6 63.5 63.4 63.68 63.58
65.01 - 70.00 0 332.2 331.4 0.9 68.7 68.7 69.01 68.9
70.01 - 75.00 0 330.1 329.7 0.4 74 74 74.38 74.59
75.01 - 80.00 0 335.9 335.4 0.5 79.3 79.2 79.61 79.74
80.01 - 85.00 0 348.8 348.4 0.4 84.2 84.2 84.43 84.31
85.01 - 90.00 0 349.6 348.9 0.7 88.9 88.8 89.81 89.95
90.01 - 95.00 0 355.9 355.3 0.6 92.2 91.1 94.67 94.59
95.01 - 100.00 0 334.3 333 1.2 84.4 84.1 97.87 98.3
TOTAL: 0 333.4 332.9 0.6 72.8 72.8 73.31 73.34
------------------------------------------------------------------------------------------------------------
</TABLE>
Minimum: 6.00
Maximum: 100.00
Weighted Average by Original Balance: 73.31
Weighted Average by Current Balance: 73.31
TOP
11. JUNIOR LOAN RATIO (%) - SECOND LIENS (JRLOANRATIO)
<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------------------------
% OF WTD
NUMBER TOTAL TOTAL AVG WTD WTD AVG
OF CURRENT CURRENT CURRENT AVG AVG MAX
JUNIOR LOAN RATIO (%) - LOANS BALANCE BALANCE BALANCE COUPON MARGIN RATE
SECOND LIENS (JRLOANRATIO)
------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
10.01 - 15.00 4 58,429.62 8.74 14,607 12.93 0 0
15.01 - 20.00 12 315,205.99 47.13 26,267 13.72 0 0
20.01 - 25.00 1 39,426.63 5.9 39,427 11.99 0 0
25.01 - 30.00 2 53,485.55 8 26,743 14.198 0 0
30.01 - 35.00 1 121,313.59 18.14 121,314 12.75 0 0
75.01 - 80.00 1 65,109.81 9.74 65,110 10.5 0 0
80.01 - 85.00 1 15,840.46 2.37 15,840 13.875 0 0
TOTAL: 22 668,811.65 100 30,401 13.101 0 0
------------------------------------------------------------------------------------------------------------
<CAPTION>
------------------------------------------------------------------------------------------------------------
WTD WTD
AVG AVG
WTD WTD COMB COMB
AVG WTD AVG WTD WTD ORIG ORIG
MOS AVG STATED WTD AVG AVG LTV LTV
TO ORIG REMAIN AVG ORIG CURR EXCLUDES INCLUDES
JUNIOR LOAN RATIO (%) - ROLL TERM TERM AGE LTV LTV JR LIENS JR LIENS
SECOND LIENS (JRLOANRATIO)
------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
10.01 - 15.00 0 170.9 164.8 6.1 9.71 9.57 78.59 78.44
15.01 - 20.00 0 216.7 211 5.7 15.2 14.6 84.73 85.36
20.01 - 25.00 0 180 176 4 25 24.8 100 105.03
25.01 - 30.00 0 227 203.5 24 22.3 21.1 86.05 85.87
30.01 - 35.00 0 240 234 6 25.7 25.5 79.9 81.35
75.01 - 80.00 0 120 22 98 51.4 47.9 66.6 66.87
80.01 - 85.00 0 240 233 7 50 49.5 55 60
TOTAL: 0 206.7 190.6 16 22.1 21.3 81.86 82.83
------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
Minimum: 10.57
Maximum: 83.33
Weighted Average: 28.08
TOP
--------------------------------------------------------------------------------
12. LIEN POSITION (CDLIEN)
<TABLE>
<CAPTION>
% OF WTD
NUMBER TOTAL TOTAL AVG WTD WTD AVG
LIEN OF CURRENT CURRENT CURRENT AVG AVG MAX
POSITION (CDLIEN) LOANS BALANCE BALANCE BALANCE COUPON MARGIN RATE
-------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
1st Lien 1,409 109,010,966.51 99.39 77,368 10.879 0 0
-------------------------------------------------------------------------------------------------------------
2nd Lien 22 668,811.65 0.61 30,401 13.101 0 0
-------------------------------------------------------------------------------------------------------------
TOTAL: 1,431 109,679,778.16 100 76,646 10.893 0 0
-------------------------------------------------------------------------------------------------------------
<CAPTION>
WTD WTD
AVG AVG
WTD WTD COMB COMB
AVG WTD AVG WTD WTD ORIG ORIG
MOS AVG STATED WTD AVG AVG LTV LTV
LIEN TO ORIG REMAIN AVG ORIG CURR EXCLUDES INCLUDES
POSITION (CDLIEN) ROLL TERM TERM AGE LTV LTV JR LIENS JR LIENS
--------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
1st Lien 0 334.2 333.7 0.5 73.1 73.1 73.26 73.28
--------------------------------------------------------------------------------------------------
2nd Lien 0 206.7 190.6 16 22.1 21.3 81.86 82.83
--------------------------------------------------------------------------------------------------
TOTAL: 0 333.4 332.9 0.6 72.8 72.8 73.31 73.34
--------------------------------------------------------------------------------------------------
</TABLE>
TOP
--------------------------------------------------------------------------------
13. SILENT SECONDS AND SILENT THIRDS (CDSILENTSECOND)
<TABLE>
<CAPTION>
% OF WTD
NUMBER TOTAL TOTAL AVG WTD WTD AVG
OF CURRENT CURRENT CURRENT AVG AVG MAX
SILENT SECONDS AND SILENT LOANS BALANCE BALANCE BALANCE COUPON MARGIN RATE
THIRDS (CDSILENTSECOND)
------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
N 1,395 107,026,684.90 97.58 76,722 10.868 0 0
------------------------------------------------------------------------------------------------------------
Y 36 2,653,093.26 2.42 73,697 11.904 0 0
------------------------------------------------------------------------------------------------------------
TOTAL: 1,431 109,679,778.16 100 76,646 10.893 0 0
------------------------------------------------------------------------------------------------------------
<CAPTION>
WTD WTD COMB COMB
AVG WTD AVG WTD WTD ORIG ORIG
MOS AVG STATED WTD AVG AVG LTV LTV
TO ORIG REMAIN AVG ORIG CURR EXCLUDES INCLUDES
SILENT SECONDS AND SILENT ROLL TERM TERM AGE LTV LTV JR LIENS JR LIENS
THIRDS (CDSILENTSECOND)
--------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
N 0 333.4 332.9 0.5 72.8 72.8 73.16 73.03
--------------------------------------------------------------------------------------------------
Y 0 334 332.7 1.3 72.9 72.9 79.64 85.76
--------------------------------------------------------------------------------------------------
TOTAL: 0 333.4 332.9 0.6 72.8 72.8 73.31 73.34
--------------------------------------------------------------------------------------------------
</TABLE>
TOP
--------------------------------------------------------------------------------
14. MORGAGE INSURANCE FLAG (CDPMICOMPFLAG)
<TABLE>
<CAPTION>
% OF WTD
NUMBER TOTAL TOTAL AVG WTD WTD AVG
OF CURRENT CURRENT CURRENT AVG AVG MAX
MORGAGE INSURANCE FLAG LOANS BALANCE BALANCE BALANCE COUPON MARGIN RATE
(CDPMICOMPFLAG)
------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
N 1,272 95,117,836.44 86.72 74,778 10.864 0 0
------------------------------------------------------------------------------------------------------------
Y 159 14,561,941.72 13.28 91,585 11.081 0 0
------------------------------------------------------------------------------------------------------------
TOTAL: 1,431 109,679,778.16 100 76,646 10.893 0 0
------------------------------------------------------------------------------------------------------------
<CAPTION>
WTD WTD
AVG AVG
WTD WTD COMB COMB
AVG WTD AVG WTD WTD ORIG ORIG
MOS AVG STATED WTD AVG AVG LTV LTV
TO ORIG REMAIN AVG ORIG CURR EXCLUDES INCLUDES
MORGAGE INSURANCE FLAG ROLL TERM TERM AGE LTV LTV JR LIENS JR LIENS
(CDPMICOMPFLAG)
--------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
N 0 330.8 330.2 0.6 70.5 70.5 71.09 71.12
--------------------------------------------------------------------------------------------------
Y 0 350.7 350.2 0.6 87.8 87.7 87.86 87.84
--------------------------------------------------------------------------------------------------
TOTAL: 0 333.4 332.9 0.6 72.8 72.8 73.31 73.34
--------------------------------------------------------------------------------------------------
</TABLE>
TOP
--------------------------------------------------------------------------------
15. MORGAGE INSURANCE TYPE (CDPMITYPE)
<TABLE>
<CAPTION>
% OF WTD
NUMBER TOTAL TOTAL AVG WTD WTD AVG
OF CURRENT CURRENT CURRENT AVG AVG MAX
MORGAGE INSURANCE TYPE LOANS BALANCE BALANCE BALANCE COUPON MARGIN RATE
(CDPMITYPE)
------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
Lender Paid MI 159 14,561,941.72 13.28 91,585 11.081 0 0
------------------------------------------------------------------------------------------------------------
1,272 95,117,836.44 86.72 74,778 10.864 0 0
------------------------------------------------------------------------------------------------------------
TOTAL: 1,431 109,679,778.16 100 76,646 10.893 0 0
------------------------------------------------------------------------------------------------------------
<CAPTION>
WTD WTD
AVG AVG
WTD WTD COMB COMB
AVG WTD AVG WTD WTD ORIG ORIG
MOS AVG STATED WTD AVG AVG LTV LTV
TO ORIG REMAIN AVG ORIG CURR EXCLUDES INCLUDES
MORGAGE INSURANCE TYPE ROLL TERM TERM AGE LTV LTV JR LIENS JR LIENS
(CDPMITYPE)
--------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Lender Paid MI 0 350.7 350.2 0.6 87.8 87.7 87.86 87.84
--------------------------------------------------------------------------------------------------
0 330.8 330.2 0.6 70.5 70.5 71.09 71.12
--------------------------------------------------------------------------------------------------
TOTAL: 0 333.4 332.9 0.6 72.8 72.8 73.31 73.34
--------------------------------------------------------------------------------------------------
</TABLE>
TOP
--------------------------------------------------------------------------------
16. SECTION 32 (CDSECTION32)
<TABLE>
<CAPTION>
% OF WTD
NUMBER TOTAL TOTAL AVG WTD WTD AVG
OF CURRENT CURRENT CURRENT AVG AVG MAX
SECTION 32 (CDSECTION32) LOANS BALANCE BALANCE BALANCE COUPON MARGIN RATE
------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
Not High Cost 1,431 109,679,778.16 100 76,646 10.893 0 0
------------------------------------------------------------------------------------------------------------
TOTAL: 1,431 109,679,778.16 100 76,646 10.893 0 0
------------------------------------------------------------------------------------------------------------
<CAPTION>
WTD WTD
AVG AVG
WTD WTD COMB COMB
AVG WTD AVG WTD WTD ORIG ORIG
MOS AVG STATED WTD AVG AVG LTV LTV
TO ORIG REMAIN AVG ORIG CURR EXCLUDES INCLUDES
SECTION 32 (CDSECTION32) ROLL TERM TERM AGE LTV LTV JR LIENS JR LIENS
--------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Not High Cost 0 333.4 332.9 0.6 72.8 72.8 73.31 73.34
--------------------------------------------------------------------------------------------------
TOTAL: 0 333.4 332.9 0.6 72.8 72.8 73.31 73.34
--------------------------------------------------------------------------------------------------
</TABLE>
TOP
<PAGE>
--------------------------------------------------------------------------------
17. ADJUSTMENT TYPE (CDADJTYPE)
<TABLE>
<CAPTION>
% OF WTD
NUMBER TOTAL TOTAL AVG WTD WTD AVG
OF CURRENT CURRENT CURRENT AVG AVG MAX
ADJUSTMENT TYPE (CDADJTYPE) LOANS BALANCE BALANCE BALANCE COUPON MARGIN RATE
------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
Fixed Rate 1,431 109,679,778.16 100 76,646 10.893 0 0
------------------------------------------------------------------------------------------------------------
TOTAL: 1,431 109,679,778.16 100 76,646 10.893 0 0
------------------------------------------------------------------------------------------------------------
<CAPTION>
WTD WTD
AVG AVG
WTD WTD COMB COMB
AVG WTD AVG WTD WTD ORIG ORIG
MOS AVG STATED WTD AVG AVG LTV LTV
TO ORIG REMAIN AVG ORIG CURR EXCLUDES INCLUDES
ADJUSTMENT TYPE (CDADJTYPE) ROLL TERM TERM AGE LTV LTV JR LIENS JR LIENS
--------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Fixed Rate 0 333.4 332.9 0.6 72.8 72.8 73.31 73.34
--------------------------------------------------------------------------------------------------
TOTAL: 0 333.4 332.9 0.6 72.8 72.8 73.31 73.34
--------------------------------------------------------------------------------------------------
</TABLE>
TOP
--------------------------------------------------------------------------------
18. BALLOON (CDBALLOON)
<TABLE>
<CAPTION>
% OF WTD
NUMBER TOTAL TOTAL AVG WTD WTD AVG
OF CURRENT CURRENT CURRENT AVG AVG MAX
BALLOON (CDBALLOON) LOANS BALANCE BALANCE BALANCE COUPON MARGIN RATE
------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
Balloon 2 103,609.81 0.09 51,805 11.425 0 0
------------------------------------------------------------------------------------------------------------
Non-Balloon 1,429 109,576,168.35 99.91 76,680 10.892 0 0
------------------------------------------------------------------------------------------------------------
TOTAL: 1,431 109,679,778.16 100 76,646 10.893 0 0
------------------------------------------------------------------------------------------------------------
<CAPTION>
WTD WTD
AVG AVG
WTD WTD COMB COMB
AVG WTD AVG WTD WTD ORIG ORIG
MOS AVG STATED WTD AVG AVG LTV LTV
TO ORIG REMAIN AVG ORIG CURR EXCLUDES INCLUDES
BALLOON (CDBALLOON) ROLL TERM TERM AGE LTV LTV JR LIENS JR LIENS
--------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Balloon 0 142.3 80 62 58.3 56.1 67.86 68.03
--------------------------------------------------------------------------------------------------
Non-Balloon 0 333.6 333.1 0.5 72.8 72.8 73.32 73.35
--------------------------------------------------------------------------------------------------
TOTAL: 0 333.4 332.9 0.6 72.8 72.8 73.31 73.34
--------------------------------------------------------------------------------------------------
</TABLE>
TOP
--------------------------------------------------------------------------------
19. ORIGINAL TERM (TERMORIG)
<TABLE>
<CAPTION>
% OF WTD
NUMBER TOTAL TOTAL AVG WTD WTD AVG
OF CURRENT CURRENT CURRENT AVG AVG MAX
ORIGINAL TERM (TERMORIG) LOANS BALANCE BALANCE BALANCE COUPON MARGIN RATE
------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
61 - 120 18 668,920.67 0.61 37,162 10.669 0 0
------------------------------------------------------------------------------------------------------------
121 - 180 261 12,836,059.44 11.7 49,180 11.089 0 0
------------------------------------------------------------------------------------------------------------
181 - 240 58 3,641,475.50 3.32 62,784 10.603 0 0
------------------------------------------------------------------------------------------------------------
241 - 300 1 122,000.00 0.11 122,000 9.99 0 0
------------------------------------------------------------------------------------------------------------
301 - 360 1,093 92,411,322.55 84.26 84,548 10.88 0 0
------------------------------------------------------------------------------------------------------------
TOTAL: 1,431 109,679,778.16 100 76,646 10.893 0 0
------------------------------------------------------------------------------------------------------------
<CAPTION>
WTD WTD
AVG AVG
WTD WTD COMB COMB
AVG WTD AVG WTD WTD ORIG ORIG
MOS AVG STATED WTD AVG AVG LTV LTV
TO ORIG REMAIN AVG ORIG CURR EXCLUDES INCLUDES
ORIGINAL TERM (TERMORIG) ROLL TERM TERM AGE LTV LTV JR LIENS JR LIENS
---------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
61 - 120 0 120 110.1 9.9 50.5 50.1 54.19 53.95
---------------------------------------------------------------------------------------------------
121 - 180 0 180 179.5 0.5 67.4 67.2 68.64 68.56
---------------------------------------------------------------------------------------------------
181 - 240 0 240 239.1 0.9 65.7 65.6 72.65 72.57
---------------------------------------------------------------------------------------------------
241 - 300 0 300 300 0 78 78 78 77.96
---------------------------------------------------------------------------------------------------
301 - 360 0 360 359.5 0.5 74 74 74.12 74.17
---------------------------------------------------------------------------------------------------
TOTAL: 0 333.4 332.9 0.6 72.8 72.8 73.31 73.34
---------------------------------------------------------------------------------------------------
</TABLE>
Minimum: 120
Maximum: 360
Weighted Average: 333.4
TOP
--------------------------------------------------------------------------------
20. SEASONING (TERMSEASON)
<TABLE>
<CAPTION>
% OF WTD
NUMBER TOTAL TOTAL AVG WTD WTD AVG
OF CURRENT CURRENT CURRENT AVG AVG MAX
SEASONING (TERMSEASON) LOANS BALANCE BALANCE BALANCE COUPON MARGIN RATE
------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
< = 0 906 67,156,924.76 61.23 74,125 10.921 0 0
------------------------------------------------------------------------------------------------------------
1 - 12 523 42,446,177.15 38.7 81,159 10.849 0 0
------------------------------------------------------------------------------------------------------------
97 - 108 2 76,676.25 0.07 38,338 10.417 0 0
------------------------------------------------------------------------------------------------------------
TOTAL: 1,431 109,679,778.16 100 76,646 10.893 0 0
------------------------------------------------------------------------------------------------------------
<CAPTION>
WTD WTD
AVG AVG
WTD WTD COMB COMB
AVG WTD AVG WTD WTD ORIG ORIG
MOS AVG STATED WTD AVG AVG LTV LTV
TO ORIG REMAIN AVG ORIG CURR EXCLUDES INCLUDES
SEASONING (TERMSEASON) ROLL TERM TERM AGE LTV LTV JR LIENS JR LIENS
--------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
< = 0 0 330.6 330.6 0 73.3 73.2 73.42 73.41
--------------------------------------------------------------------------------------------------
1 - 12 0 338.3 337 1.3 72.2 72.1 73.16 73.24
--------------------------------------------------------------------------------------------------
97 - 108 0 129.1 31.1 98 45.8 42.1 64.64 64.87
--------------------------------------------------------------------------------------------------
TOTAL: 0 333.4 332.9 0.6 72.8 72.8 73.31 73.34
--------------------------------------------------------------------------------------------------
</TABLE>
Minimum: 0
Maximum: 98
Weighted Average: 0.6
TOP
--------------------------------------------------------------------------------
21. REMAINING TERM TO STATED MATURITY (TERMSTDREM)
<TABLE>
<CAPTION>
% OF WTD
NUMBER TOTAL TOTAL AVG WTD WTD AVG
REMAINING TERM OF CURRENT CURRENT CURRENT AVG AVG MAX
TO STATED MATURITY LOANS BALANCE BALANCE BALANCE COUPON MARGIN RATE
(TERMSTDREM)
------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
1 - 60 1 65,109.81 0.06 65,110 10.5 0 0
------------------------------------------------------------------------------------------------------------
61 - 120 18 615,377.30 0.56 34,188 10.673 0 0
------------------------------------------------------------------------------------------------------------
121 - 180 260 12,824,493.00 11.69 49,325 11.09 0 0
------------------------------------------------------------------------------------------------------------
181 - 240 58 3,641,475.50 3.32 62,784 10.603 0 0
------------------------------------------------------------------------------------------------------------
241 - 300 1 122,000.00 0.11 122,000 9.99 0 0
------------------------------------------------------------------------------------------------------------
<CAPTION>
WTD WTD
AVG AVG
WTD WTD COMB COMB
AVG WTD AVG WTD WTD ORIG ORIG
MOS AVG STATED WTD AVG AVG LTV LTV
REMAINING TERM TO ORIG REMAIN AVG ORIG CURR EXCLUDES INCLUDES
TO STATED MATURITY ROLL TERM TERM AGE LTV LTV JR LIENS JR LIENS
(TERMSTDREM)
--------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
1 - 60 0 120 22 98 51.4 47.9 66.6 66.87
--------------------------------------------------------------------------------------------------
61 - 120 0 121.1 118.9 2.2 49.7 49.5 52.86 52.58
--------------------------------------------------------------------------------------------------
121 - 180 0 180 179.6 0.4 67.5 67.3 68.65 68.57
--------------------------------------------------------------------------------------------------
181 - 240 0 240 239.1 0.9 65.7 65.6 72.65 72.57
--------------------------------------------------------------------------------------------------
241 - 300 0 300 300 0 78 78 78 77.96
--------------------------------------------------------------------------------------------------
<PAGE>
<S> <C> <C> <C> <C> <C> <C> <C>
301 - 360 1,093 92,411,322.55 84.26 84,548 10.88 0 0
TOTAL: 1,431 109,679,778.16 100 76,646 10.893 0 0
</TABLE>
<TABLE>
<S> <C> <C> <C> <C> <C> <C> <C> <C>
301 - 360 0 360 359.5 0.5 74 74 74.12 74.17
TOTAL: 0 333.4 332.9 0.6 72.8 72.8 73.31 73.34
</TABLE>
Minimum: 22
Maximum: 360
Weighted Average: 332.9
TOP
--------------------------------------------------------------------------------
22. CALCULATED REMAINING TERM (TERMCALCREM)
<TABLE>
<CAPTION>
% OF WTD
NUMBER TOTAL TOTAL AVG WTD WTD AVG
OF CURRENT CURRENT CURRENT AVG AVG MAX
CALCULATED REMAINING TERM LOANS BALANCE BALANCE BALANCE COUPON MARGIN RATE
(TERMCALCREM)
------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
61 - 120 18 615,377.30 0.56 34,188 10.673 0 0
------------------------------------------------------------------------------------------------------------
121 - 180 259 12,785,993.00 11.66 49,367 11.085 0 0
------------------------------------------------------------------------------------------------------------
181 - 240 58 3,641,475.50 3.32 62,784 10.603 0 0
------------------------------------------------------------------------------------------------------------
241 - 300 2 187,109.81 0.17 93,555 10.167 0 0
------------------------------------------------------------------------------------------------------------
301 - 360 1,094 92,449,822.55 84.29 84,506 10.881 0 0
------------------------------------------------------------------------------------------------------------
TOTAL: 1,431 109,679,778.16 100 76,646 10.893 0 0
------------------------------------------------------------------------------------------------------------
<CAPTION>
WTD WTD
AVG AVG
WTD WTD COMB COMB
AVG WTD AVG WTD WTD ORIG ORIG
MOS AVG STATED WTD AVG AVG LTV LTV
TO ORIG REMAIN AVG ORIG CURR EXCLUDES INCLUDES
CALCULATED REMAINING TERM ROLL TERM TERM AGE LTV LTV JR LIENS JR LIENS
(TERMCALCREM)
--------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
61 - 120 0 121.1 118.9 2.2 49.7 49.5 52.86 52.58
--------------------------------------------------------------------------------------------------
121 - 180 0 180 179.6 0.4 67.5 67.3 68.65 68.57
--------------------------------------------------------------------------------------------------
181 - 240 0 240 239.1 0.9 65.7 65.6 72.65 72.57
--------------------------------------------------------------------------------------------------
241 - 300 0 237.4 203.3 34 68.7 67.5 74.03 74.1
--------------------------------------------------------------------------------------------------
301 - 360 0 359.9 359.4 0.5 74 74 74.12 74.17
--------------------------------------------------------------------------------------------------
TOTAL: 0 333.4 332.9 0.6 72.8 72.8 73.31 73.34
--------------------------------------------------------------------------------------------------
</TABLE>
Minimum: 83
Maximum: 360
Weighted Average: 333.025
TOP
--------------------------------------------------------------------------------
23. FIRST PAYMENT DATE (DATEFPAY)
<TABLE>
<CAPTION>
% OF WTD
FIRST NUMBER TOTAL TOTAL AVG WTD WTD AVG
PAYMENT OF CURRENT CURRENT CURRENT AVG AVG MAX
DATE (DATEFPAY) LOANS BALANCE BALANCE BALANCE COUPON MARGIN RATE
------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
1992 2 76,676.25 0.07 38,338 10.417 0 0
------------------------------------------------------------------------------------------------------------
1999 2 125,990.10 0.11 62,995 10.172 0 0
------------------------------------------------------------------------------------------------------------
2000 1,283 99,040,141.81 90.3 77,194 10.88 0 0
------------------------------------------------------------------------------------------------------------
2001 144 10,436,970.00 9.52 72,479 11.031 0 0
------------------------------------------------------------------------------------------------------------
TOTAL: 1,431 109,679,778.16 100 76,646 10.893 0 0
------------------------------------------------------------------------------------------------------------
<CAPTION>
WTD WTD
AVG AVG
WTD WTD COMB COMB
AVG WTD AVG WTD WTD ORIG ORIG
FIRST MOS AVG STATED WTD AVG AVG LTV LTV
PAYMENT TO ORIG REMAIN AVG ORIG CURR EXCLUDES INCLUDES
DATE (DATEFPAY) ROLL TERM TERM AGE LTV LTV JR LIENS JR LIENS
--------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
1992 0 129.1 31.1 98 45.8 42.1 64.64 64.87
--------------------------------------------------------------------------------------------------
1999 0 360 348 12 74.5 74 74.43 74.51
--------------------------------------------------------------------------------------------------
2000 0 334.3 333.8 0.5 72.8 72.8 73.34 73.36
--------------------------------------------------------------------------------------------------
2001 0 326 326 0 73.1 73.1 73.1 73.16
--------------------------------------------------------------------------------------------------
TOTAL: 0 333.4 332.9 0.6 72.8 72.8 73.31 73.34
--------------------------------------------------------------------------------------------------
</TABLE>
Minimum: 1992-10-03
Maximum: 2001-01-01
Weighted Average: 2000-11-17
TOP
--------------------------------------------------------------------------------
24. PAID THRU DATE (DATEPDTH)
<TABLE>
<CAPTION>
% OF WTD
PAID NUMBER TOTAL TOTAL AVG WTD WTD AVG
THRU OF CURRENT CURRENT CURRENT AVG AVG MAX
DATE (DATEPDTH) LOANS BALANCE BALANCE BALANCE COUPON MARGIN RATE
------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
2000-09 5 295,143.00 0.27 59,029 13.008 0 0
------------------------------------------------------------------------------------------------------------
2000-10 83 6,909,017.75 6.3 83,241 11.437 0 0
------------------------------------------------------------------------------------------------------------
2000-11 1,170 90,276,127.16 82.31 77,159 10.828 0 0
------------------------------------------------------------------------------------------------------------
2000-12 169 12,090,051.44 11.02 71,539 11.01 0 0
------------------------------------------------------------------------------------------------------------
2001-01 3 92,246.01 0.08 30,749 11.819 0 0
------------------------------------------------------------------------------------------------------------
2001-03 1 17,192.80 0.02 17,193 8.9 0 0
------------------------------------------------------------------------------------------------------------
TOTAL: 1,431 109,679,778.16 100 76,646 10.893 0 0
------------------------------------------------------------------------------------------------------------
<CAPTION>
WTD WTD
AVG AVG
WTD WTD COMB COMB
AVG WTD AVG WTD WTD ORIG ORIG
PAID MOS AVG STATED WTD AVG AVG LTV LTV
THRU TO ORIG REMAIN AVG ORIG CURR EXCLUDES INCLUDES
DATE (DATEPDTH) ROLL TERM TERM AGE LTV LTV JR LIENS JR LIENS
--------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
2000-09 0 319.5 310.6 8.9 60.2 59.5 69.11 69.29
--------------------------------------------------------------------------------------------------
2000-10 0 346.1 344.4 1.7 72 71.8 73.3 73.56
--------------------------------------------------------------------------------------------------
2000-11 0 333.5 333 0.5 72.9 72.9 73.37 73.38
--------------------------------------------------------------------------------------------------
2000-12 0 326.5 326.4 0.1 73 73 73.11 73.14
--------------------------------------------------------------------------------------------------
2001-01 0 223.2 222.8 0.4 66 65.5 66.57 65.98
--------------------------------------------------------------------------------------------------
2001-03 0 360 360 0 9.35 9.29 10 9.35
--------------------------------------------------------------------------------------------------
TOTAL: 0 333.4 332.9 0.6 72.8 72.8 73.31 73.34
--------------------------------------------------------------------------------------------------
</TABLE>
Minimum: 2000-09-01
Maximum: 2001-03-01
Weighted Average: 2000-11-02
TOP
--------------------------------------------------------------------------------
25. MONTHS DELINQUENT (DELMONTH)
<TABLE>
<CAPTION>
% OF WTD
NUMBER TOTAL TOTAL AVG WTD WTD AVG
MONTHS OF CURRENT CURRENT CURRENT AVG AVG MAX
DELINQUENT (DELMONTH) LOANS BALANCE BALANCE BALANCE COUPON MARGIN RATE
-----------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
0 1,426 109,384,635.16 99.73 76,707 10.887 0 0
-----------------------------------------------------------------------------------------------------------
1 5 295,143.00 0.27 59,029 13.008 0 0
-----------------------------------------------------------------------------------------------------------
TOTAL: 1,431 109,679,778.16 100 76,646 10.893 0 0
-----------------------------------------------------------------------------------------------------------
<CAPTION>
WTD WTD
AVG AVG
WTD WTD COMB COMB
AVG WTD AVG WTD WTD ORIG ORIG
MOS AVG STATED WTD AVG AVG LTV LTV
MONTHS TO ORIG REMAIN AVG ORIG CURR EXCLUDES INCLUDES
DELINQUENT (DELMONTH) ROLL TERM TERM AGE LTV LTV JR LIENS JR LIENS
--------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
0 0 333.5 332.9 0.5 72.9 72.8 73.32 73.35
--------------------------------------------------------------------------------------------------
1 0 319.5 310.6 8.9 60.2 59.5 69.11 69.29
--------------------------------------------------------------------------------------------------
TOTAL: 0 333.4 332.9 0.6 72.8 72.8 73.31 73.34
--------------------------------------------------------------------------------------------------
</TABLE>
Minimum: 0
Maximum: 1
Weighted Average: 0.0
<PAGE>
Top
-------------------------------------------------------
26. GEOGRAPHIC DISTRIBUTION BY STATE (ADDPSTATE)
<TABLE>
<CAPTION>
WTD WTD
AVG AVG
WTD WTD COMB COMB
GEOGRAPHIC % OF WTD AVG WTD AVG WTD WTD ORIG ORIG
DISTRIBUTION NUMBER TOTAL TOTAL AVG WTD WTD AVG MOS AVG STATED WTD AVG AVG LTV LTV
BY STATE OF CURRENT CURRENT CURRENT AVG AVG MAX TO ORIG REMAIN AVG ORIG CURR EXCLUDES INCLUDES
(ADDPSTATE) LOANS BALANCE BALANCE BALANCE COUPON MARGIN RATE ROLL TERM TERM AGE LTV LTV JR LIENS JR LIENS
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Arizona 25 1,494,846.40 1.36 59,794 10.533 0 0 0 323.7 323.1 0.6 71.9 71.8 73.82 73.68
------------------------------------------------------------------------------------------------------------------------------------
Arkansas 2 95,663.25 0.09 47,832 11.929 0 0 0 275.3 275.3 0 67.4 67.1 67.45 67.42
------------------------------------------------------------------------------------------------------------------------------------
California 191 23,395,118.57 21.33 122,488 10.041 0 0 0 346.4 345.4 1 70.9 70.9 71.85 71.8
------------------------------------------------------------------------------------------------------------------------------------
Colorado 9 872,106.75 0.8 96,901 10.27 0 0 0 360 359.6 0.4 70.1 70.1 70.27 70.13
------------------------------------------------------------------------------------------------------------------------------------
Connecticut 6 451,575.58 0.41 75,263 12.246 0 0 0 354.7 354.6 0.1 68.5 68.5 68.62 68.5
------------------------------------------------------------------------------------------------------------------------------------
Delaware 1 70,500.00 0.06 70,500 10.5 0 0 0 180 180 0 75 75 75 75
------------------------------------------------------------------------------------------------------------------------------------
District of
Columbia 4 477,864.69 0.44 119,466 11.537 0 0 0 360 359.9 0.1 77 77 76.97 76.97
------------------------------------------------------------------------------------------------------------------------------------
Florida 97 6,549,250.74 5.97 67,518 11.075 0 0 0 336.6 336 0.7 77.6 77.6 77.97 78.26
------------------------------------------------------------------------------------------------------------------------------------
Georgia 21 1,584,535.64 1.44 75,454 12.004 0 0 0 342.5 342 0.4 68.3 68.3 68.46 68.29
------------------------------------------------------------------------------------------------------------------------------------
Hawaii 18 1,926,148.53 1.76 107,008 10.117 0 0 0 337.4 336.6 0.8 72.3 72.2 72.28 73.2
------------------------------------------------------------------------------------------------------------------------------------
Idaho 10 806,872.74 0.74 80,687 9.541 0 0 0 360 359.7 0.3 75.3 75.3 75.46 75.3
------------------------------------------------------------------------------------------------------------------------------------
Illinois 54 4,435,058.33 4.04 82,131 11.357 0 0 0 329 328.5 0.5 76.2 76.2 76.32 76.26
------------------------------------------------------------------------------------------------------------------------------------
Indiana 20 1,163,355.92 1.06 58,168 10.692 0 0 0 317.9 317.5 0.4 77.3 77.3 77.51 77.53
------------------------------------------------------------------------------------------------------------------------------------
Iowa 50 2,836,950.05 2.59 56,739 11.119 0 0 0 312.1 311.4 0.6 75.1 75 76.88 77
------------------------------------------------------------------------------------------------------------------------------------
Kansas 4 140,403.82 0.13 35,101 12.224 0 0 0 250.5 250.2 0.3 72.3 72.2 72.39 72.27
------------------------------------------------------------------------------------------------------------------------------------
Kentucky 4 365,505.80 0.33 91,376 12.23 0 0 0 360 359.5 0.5 79.8 79.8 79.97 79.83
------------------------------------------------------------------------------------------------------------------------------------
Louisiana 7 502,875.77 0.46 71,839 12.486 0 0 0 342.8 341.7 1.1 76.1 75.8 76.1 76.08
------------------------------------------------------------------------------------------------------------------------------------
Maryland 7 569,100.00 0.52 81,300 11.211 0 0 0 360 360 0 72.8 72.5 72.89 72.79
------------------------------------------------------------------------------------------------------------------------------------
Massachusetts 9 838,182.93 0.76 93,131 12.057 0 0 0 345.2 344.6 0.5 63.5 63.5 63.6 63.46
------------------------------------------------------------------------------------------------------------------------------------
Michigan 115 6,900,017.72 6.29 60,000 11.694 0 0 0 350.6 350.1 0.4 73.7 73.7 74.06 73.95
------------------------------------------------------------------------------------------------------------------------------------
Minnesota 21 2,204,463.01 2.01 104,974 9.464 0 0 0 305.8 305.6 0.2 70.7 70.7 71.43 71.2
------------------------------------------------------------------------------------------------------------------------------------
Mississippi 6 291,944.61 0.27 48,657 13.11 0 0 0 344.5 343 1.5 76.1 76.1 76.11 78.56
------------------------------------------------------------------------------------------------------------------------------------
Missouri 58 3,092,779.33 2.82 53,324 11.059 0 0 0 320.4 319.9 0.5 71.7 71.7 71.9 72.29
------------------------------------------------------------------------------------------------------------------------------------
Montana 5 501,532.58 0.46 100,307 9.663 0 0 0 336.3 335.6 0.7 72.1 72 72.22 72.07
------------------------------------------------------------------------------------------------------------------------------------
Nebraska 5 417,220.66 0.38 83,444 10.37 0 0 0 311.9 311.9 0 79.1 79.1 79.07 79.07
------------------------------------------------------------------------------------------------------------------------------------
Nevada 24 2,211,177.38 2.02 92,132 10.403 0 0 0 331.5 331 0.5 71.7 71.6 73.34 73.26
------------------------------------------------------------------------------------------------------------------------------------
New Hampshire 1 42,400.00 0.04 42,400 10.99 0 0 0 360 360 0 80 80 80 80
------------------------------------------------------------------------------------------------------------------------------------
New Jersey 20 2,285,636.56 2.08 114,282 11.546 0 0 0 349.6 349.4 0.3 74.2 74.1 74.27 74.15
------------------------------------------------------------------------------------------------------------------------------------
New Mexico 3 483,381.88 0.44 161,127 10.217 0 0 0 360 358.7 1.3 67.5 67.4 67.54 69
------------------------------------------------------------------------------------------------------------------------------------
New York 102 8,874,121.03 8.09 87,001 11.212 0 0 0 344.6 344.2 0.4 72.1 71.9 72.46 72.46
------------------------------------------------------------------------------------------------------------------------------------
North Carolina 31 2,039,419.25 1.86 65,788 11.347 0 0 0 296.3 295.9 0.3 72.4 72.3 72.57 72.4
------------------------------------------------------------------------------------------------------------------------------------
Ohio 94 6,522,442.43 5.95 69,388 11.361 0 0 0 346.1 345.7 0.4 73.3 73.2 73.38 73.69
------------------------------------------------------------------------------------------------------------------------------------
Oklahoma 27 1,105,250.11 1.01 40,935 11.331 0 0 0 267.3 267 0.3 72.3 72.3 72.48 72.3
------------------------------------------------------------------------------------------------------------------------------------
Oregon 15 1,344,331.23 1.23 89,622 10.024 0 0 0 360 359.7 0.3 73.3 73.3 73.41 73.27
------------------------------------------------------------------------------------------------------------------------------------
Pennsylvania 46 2,435,577.28 2.22 52,947 10.813 0 0 0 344.3 344 0.3 75.1 75.1 75.56 75.92
------------------------------------------------------------------------------------------------------------------------------------
Rhode Island 4 298,982.27 0.27 74,746 9.95 0 0 0 288.7 288.5 0.2 70.5 70.5 70.67 70.45
------------------------------------------------------------------------------------------------------------------------------------
South Carolina 8 379,612.81 0.35 47,452 12.429 0 0 0 327.8 327.5 0.3 69 69 69.16 69.04
------------------------------------------------------------------------------------------------------------------------------------
Tennessee 31 1,669,823.11 1.52 53,865 11.039 0 0 0 296.7 296.3 0.4 72.4 72.4 73.11 72.87
------------------------------------------------------------------------------------------------------------------------------------
Texas 232 14,477,454.17 13.2 62,403 11.322 0 0 0 307.7 307.4 0.2 73.5 73.4 73.8 73.75
------------------------------------------------------------------------------------------------------------------------------------
Utah 9 969,119.68 0.88 107,680 10.586 0 0 0 341.2 340.3 0.9 79.9 79.9 79.92 79.88
------------------------------------------------------------------------------------------------------------------------------------
Virginia 8 388,155.51 0.35 48,519 11.237 0 0 0 299.4 299.2 0.2 68.7 68.7 68.93 68.7
------------------------------------------------------------------------------------------------------------------------------------
Washington 19 1,668,814.58 1.52 87,832 10.41 0 0 0 346.3 345.2 1.1 67.9 67.8 67.97 67.88
------------------------------------------------------------------------------------------------------------------------------------
West Virginia 4 242,305.50 0.22 60,576 11.454 0 0 0 323.6 323.4 0.2 69.5 69.5 69.5 69.48
------------------------------------------------------------------------------------------------------------------------------------
Wisconsin 4 257,899.96 0.24 64,475 10.564 0 0 0 212.6 212.2 0.4 59.1 59.1 59.29 59.07
------------------------------------------------------------------------------------------------------------------------------------
TOTAL: 1,431 109,679,778.16 100 76,646 10.893 0 0 0 333.4 332.9 0.6 72.8 72.8 73.31 73.34
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
Number of States Represented: 44
TOP
-------------------------------------------------------
27. TOP 10 GEOGRAPHIC DISTRIBUTION BY BALANCE (ADDPSTATE)
<TABLE>
<CAPTION>
WTD WTD
AVG AVG
TOP 10 WTD WTD COMB COMB
GEOGRAPHIC % OF WTD AVG WTD AVG WTD WTD ORIG ORIG
DISTRIBUTION NUMBER TOTAL TOTAL AVG WTD WTD AVG MOS AVG STATED WTD AVG AVG LTV LTV
BY BALANCE OF CURRENT CURRENT CURRENT AVG AVG MAX TO ORIG REMAIN AVG ORIG CURR EXCLUDES INCLUDES
(ADDPSTATE) LOANS BALANCE BALANCE BALANCE COUPON MARGIN RATE ROLL TERM TERM AGE LTV LTV JR LIENS JR LIENS
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
California 191 23,395,118.57 21.33 122,488 10.041 0 0 0 346.4 345.4 1 70.9 70.9 71.85 71.8
------------------------------------------------------------------------------------------------------------------------------------
Texas 232 14,477,454.17 13.2 62,403 11.322 0 0 0 307.7 307.4 0.2 73.5 73.4 73.8 73.75
------------------------------------------------------------------------------------------------------------------------------------
New York 102 8,874,121.03 8.09 87,001 11.212 0 0 0 344.6 344.2 0.4 72.1 71.9 72.46 72.46
------------------------------------------------------------------------------------------------------------------------------------
Michigan 115 6,900,017.72 6.29 60,000 11.694 0 0 0 350.6 350.1 0.4 73.7 73.7 74.06 73.95
------------------------------------------------------------------------------------------------------------------------------------
Florida 97 6,549,250.74 5.97 67,518 11.075 0 0 0 336.6 336 0.7 77.6 77.6 77.97 78.26
------------------------------------------------------------------------------------------------------------------------------------
Ohio 94 6,522,442.43 5.95 69,388 11.361 0 0 0 346.1 345.7 0.4 73.3 73.2 73.38 73.69
------------------------------------------------------------------------------------------------------------------------------------
Illinois 54 4,435,058.33 4.04 82,131 11.357 0 0 0 329 328.5 0.5 76.2 76.2 76.32 76.26
------------------------------------------------------------------------------------------------------------------------------------
Missouri 58 3,092,779.33 2.82 53,324 11.059 0 0 0 320.4 319.9 0.5 71.7 71.7 71.9 72.29
------------------------------------------------------------------------------------------------------------------------------------
Iowa 50 2,836,950.05 2.59 56,739 11.119 0 0 0 312.1 311.4 0.6 75.1 75 76.88 77
------------------------------------------------------------------------------------------------------------------------------------
Pennsylvania 46 2,435,577.28 2.22 52,947 10.813 0 0 0 344.3 344 0.3 75.1 75.1 75.56 75.92
------------------------------------------------------------------------------------------------------------------------------------
Other 392 30,161,008.51 27.5 76,941 10.83 0 0 0 328.2 327.7 0.5 72.1 72 72.45 72.44
------------------------------------------------------------------------------------------------------------------------------------
TOTAL: 1,431 109,679,778.16 100 76,646 10.893 0 0 0 333.4 332.9 0.6 72.8 72.8 73.31 73.34
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
Number of States Represented: 44
Top
28. TOP 10 ZIP CODE CONCENTRATIONS (ADDPZIP)
<TABLE>
<CAPTION>
WTD WTD
AVG AVG
WTD WTD COMB COMB
TOP 10 % OF WTD AVG WTD AVG WTD WTD ORIG ORIG
ZIP CODE NUMBER TOTAL TOTAL AVG WTD WTD AVG MOS AVG STATED WTD AVG AVG LTV LTV
CONCENTRATIONS OF CURRENT CURRENT CURRENT AVG AVG MAX TO ORIG REMAIN AVG ORIG CURR EXCLUDES INCLUDES
(ADDPZIP) LOANS BALANCE BALANCE BALANCE COUPON MARGIN RATE ROLL TERM TERM AGE LTV LTV JR LIENS JR LIENS
----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
33134 1 479,885.25 0.44 479,885 12.803 0 0 0 360 359 1 80 80 80 80
----------------------------------------------------------------------------------------------------------------------------------
55109 4 473,727.80 0.43 118,432 9.227 0 0 0 293.5 293.3 0.2 74.8 74.7 74.89 74.75
----------------------------------------------------------------------------------------------------------------------------------
91107 1 469,085.06 0.43 469,085 9 0 0 0 360 358 2 80 79.9 80 80
----------------------------------------------------------------------------------------------------------------------------------
78746 2 457,690.79 0.42 228,845 11.135 0 0 0 360 359.6 0.4 76.8 76.7 76.76 76.76
----------------------------------------------------------------------------------------------------------------------------------
90703 1 429,788.50 0.39 429,789 9.5 0 0 0 360 359 1 78.2 78.1 79 78.18
----------------------------------------------------------------------------------------------------------------------------------
49203 1 423,864.50 0.39 423,865 11.5 0 0 0 360 359 1 80 80 80 80
----------------------------------------------------------------------------------------------------------------------------------
94605 2 417,905.06 0.38 208,953 9.554 0 0 0 360 359.5 0.5 61.9 61.9 62.25 61.91
----------------------------------------------------------------------------------------------------------------------------------
91784 1 417,256.00 0.38 417,256 10.98 0 0 0 360 360 0 80 80 80 80.41
----------------------------------------------------------------------------------------------------------------------------------
93030 3 394,154.61 0.36 131,385 11.199 0 0 0 311.3 310.5 0.7 67.3 67.2 67.59 67.28
----------------------------------------------------------------------------------------------------------------------------------
96744 2 393,650.00 0.36 196,825 9.453 0 0 0 344.6 343.7 0.9 80.9 80.9 80.85 80.85
----------------------------------------------------------------------------------------------------------------------------------
Other 1,413 105,322,770.59 96.03 74,538 10.912 0 0 0 332.9 332.3 0.5 72.7 72.6 73.19 73.22
----------------------------------------------------------------------------------------------------------------------------------
TOTAL: 1,431 109,679,778.16 100 76,646 10.893 0 0 0 333.4 332.9 0.6 72.8 72.8 73.31 73.34
----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
TOP
-------------------------------------------------------
29. PROPERTY TYPE (CDPROPERTY)
<TABLE>
<CAPTION>
WTD WTD
AVG AVG
WTD WTD COMB COMB
% OF WTD AVG WTD AVG WTD WTD ORIG ORIG
NUMBER TOTAL TOTAL AVG WTD WTD AVG MOS AVG STATED WTD AVG AVG LTV LTV
PROPERTY TYPE OF CURRENT CURRENT CURRENT AVG AVG MAX TO ORIG REMAIN AVG ORIG CURR EXCLUDES INCLUDES
(CDPROPERTY) LOANS BALANCE BALANCE BALANCE COUPON MARGIN RATE ROLL TERM TERM AGE LTV LTV JR LIENS JR LIENS
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Single Family
Residence 1,293 99,320,862.47 90.56 76,814 10.883 0 0 0 333.1 332.5 0.5 72.7 72.7 73.21 73.23
------------------------------------------------------------------------------------------------------------------------------------
2 Family 57 4,070,271.56 3.71 71,408 11.35 0 0 0 347.4 346.7 0.7 71.1 70.8 71.3 71.22
------------------------------------------------------------------------------------------------------------------------------------
Townhouse 23 1,835,664.19 1.67 79,811 10.132 0 0 0 345.6 345 0.6 75.8 75.8 75.94 75.78
------------------------------------------------------------------------------------------------------------------------------------
Condo 29 1,644,914.21 1.5 56,721 11.069 0 0 0 311.4 310.8 0.6 76.8 76.8 76.82 78.09
------------------------------------------------------------------------------------------------------------------------------------
4 Family 11 1,307,059.77 1.19 118,824 10.716 0 0 0 356.2 354.8 1.4 76.9 76.8 78.84 78.9
------------------------------------------------------------------------------------------------------------------------------------
3 Family 10 847,666.38 0.77 84,767 11.31 0 0 0 341.5 341.3 0.3 74.1 74.1 74.12 74.06
------------------------------------------------------------------------------------------------------------------------------------
Manufactured
Housing 8 653,339.58 0.6 81,667 11.02 0 0 0 261.9 261.2 0.7 73 73 73.06 72.97
------------------------------------------------------------------------------------------------------------------------------------
TOTAL: 1,431 109,679,778.16 100 76,646 10.893 0 0 0 333.4 332.9 0.6 72.8 72.8 73.31 73.34
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
TOP
-------------------------------------------------------
30. NUMBER OF UNITS (UNITS)
<TABLE>
<CAPTION>
WTD WTD
AVG AVG
WTD WTD COMB COMB
NUMBER % OF WTD AVG WTD AVG WTD WTD ORIG ORIG
OF NUMBER TOTAL TOTAL AVG WTD WTD AVG MOS AVG STATED WTD AVG AVG LTV LTV
UNITS OF CURRENT CURRENT CURRENT AVG AVG MAX TO ORIG REMAIN AVG ORIG CURR EXCLUDES INCLUDES
(UNITS) LOANS BALANCE BALANCE BALANCE COUPON MARGIN RATE ROLL TERM TERM AGE LTV LTV JR LIENS JR LIENS
--------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
1 1,353 103,454,780.45 94.32 76,463 10.874 0 0 0 332.5 332 0.5 72.8 72.8 73.32 73.35
--------------------------------------------------------------------------------------------------------------------------------
2 57 4,070,271.56 3.71 71,408 11.35 0 0 0 347.4 346.7 0.7 71.1 70.8 71.3 71.22
--------------------------------------------------------------------------------------------------------------------------------
3 10 847,666.38 0.77 84,767 11.31 0 0 0 341.5 341.3 0.3 74.1 74.1 74.12 74.06
--------------------------------------------------------------------------------------------------------------------------------
4 11 1,307,059.77 1.19 118,824 10.716 0 0 0 356.2 354.8 1.4 76.9 76.8 78.84 78.9
--------------------------------------------------------------------------------------------------------------------------------
TOTAL: 1,431 109,679,778.16 100 76,646 10.893 0 0 0 333.4 332.9 0.6 72.8 72.8 73.31 73.34
--------------------------------------------------------------------------------------------------------------------------------
</TABLE>
TOP
------------------------------------------
31. OCCUPANCY (CDOCCUP)
<TABLE>
<CAPTION>
WTD WTD
AVG AVG
WTD WTD COMB COMB
% OF WTD AVG WTD AVG WTD WTD ORIG ORIG
NUMBER TOTAL TOTAL AVG WTD WTD AVG MOS AVG STATED WTD AVG AVG LTV LTV
OCCUPANCY OF CURRENT CURRENT CURRENT AVG AVG MAX TO ORIG REMAIN AVG ORIG CURR EXCLUDES INCLUDES
(CDOCCUP) LOANS BALANCE BALANCE BALANCE COUPON MARGIN RATE ROLL TERM TERM AGE LTV LTV JR LIENS JR LIENS
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Primary 1,291 101,519,355.58 92.56 78,636 10.852 0 0 0 333.2 332.6 0.6 73.1 73.1 73.65 73.68
------------------------------------------------------------------------------------------------------------------------------------
Investment 134 7,733,861.74 7.05 57,715 11.469 0 0 0 335.4 335 0.5 69 68.8 69.08 69.05
------------------------------------------------------------------------------------------------------------------------------------
Second Home 6 426,560.84 0.39 71,093 10.233 0 0 0 353.7 351.8 1.8 69.8 69.7 69.96 69.82
------------------------------------------------------------------------------------------------------------------------------------
TOTAL: 1,431 109,679,778.16 100 76,646 10.893 0 0 0 333.4 332.9 0.6 72.8 72.8 73.31 73.34
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
TOP
------------------------------------------
32. OCCUPANCY CHECK (1ST FIELDS IS OCCUP STAT, 2ND IS PROPERTY CLASS)
(CDOCCUPCHECK)
<TABLE>
<CAPTION>
OCCUPANCY
CHECK (1ST
FIELDS IS WTD WTD
OCCUP STAT, AVG AVG
2ND IS WTD WTD COMB COMB
PROPERTY % OF WTD AVG WTD AVG WTD WTD ORIG ORIG
CLASS) NUMBER TOTAL TOTAL AVG WTD WTD AVG MOS AVG STATED WTD AVG AVG LTV LTV
(CDOCCUP- OF CURRENT CURRENT CURRENT AVG AVG MAX TO ORIG REMAIN AVG ORIG CURR EXCLUDES INCLUDES
CHECK) LOANS BALANCE BALANCE BALANCE COUPON MARGIN RATE ROLL TERM TERM AGE LTV LTV JR LIENS JR LIENS
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
N 2 3 196,724.98 0.18 65,575 10.895 0 0 0 360 357.4 2.6 73.9 73.8 73.98 73.91
------------------------------------------------------------------------------------------------------------------------------------
N 3 132 7,653,861.74 6.98 57,984 11.474 0 0 0 335.2 334.7 0.5 69 68.8 69.07 69.05
------------------------------------------------------------------------------------------------------------------------------------
Y 0 2 76,676.25 0.07 38,338 10.417 0 0 0 129.1 31.1 98 45.8 42.1 64.64 64.87
------------------------------------------------------------------------------------------------------------------------------------
Y 1 1,289 101,442,679.33 92.49 78,699 10.852 0 0 0 333.3 332.9 0.5 73.2 73.1 73.66 73.69
------------------------------------------------------------------------------------------------------------------------------------
<PAGE>
Y 2 3 229,835.86 0.21 76,612 9.666 0 0 0 348.3 347.1 1.2 66.3 66.3 66.51 66.31
------------------------------------------------------------------------------------------------------------------------------------
Y 3 2 80,000.00 0.07 40,000 11.072 0 0 0 360 360 0 69 69 69.25 68.98
------------------------------------------------------------------------------------------------------------------------------------
TOTAL: 1,431 109,679,778.16 100 76,646 10.893 0 0 0 333.4 332.9 0.6 72.8 72.8 73.31 73.34
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
TOP
------------------------------------------
33. PURPOSE (CDPURPOSE)
<TABLE>
<CAPTION>
WTD WTD
AVG AVG
WTD WTD COMB COMB
% OF WTD AVG WTD AVG WTD WTD ORIG ORIG
NUMBER TOTAL TOTAL AVG WTD WTD AVG MOS AVG STATED WTD AVG AVG LTV LTV
PURPOSE OF CURRENT CURRENT CURRENT AVG AVG MAX TO ORIG REMAIN AVG ORIG CURR EXCLUDES INCLUDES
(CDPURPOSE) LOANS BALANCE BALANCE BALANCE COUPON MARGIN RATE ROLL TERM TERM AGE LTV LTV JR LIENS JR LIENS
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Refinance -
Cashout 998 74,925,848.77 68.31 75,076 10.816 0 0 0 329.4 328.8 0.6 71.6 71.5 72.15 72.09
------------------------------------------------------------------------------------------------------------------------------------
Refinance -
Rate Term 302 23,563,370.01 21.48 78,024 10.802 0 0 0 338.1 337.5 0.6 73.8 73.7 74.12 73.99
------------------------------------------------------------------------------------------------------------------------------------
Purchase 131 11,190,559.38 10.2 85,424 11.602 0 0 0 350.6 350.1 0.5 79.1 79.1 79.39 80.36
------------------------------------------------------------------------------------------------------------------------------------
TOTAL: 1,431 109,679,778.16 100 76,646 10.893 0 0 0 333.4 332.9 0.6 72.8 72.8 73.31 73.34
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
TOP
------------------------------------------
34. DOCUMENTATION LEVEL (CDDOCTYPE)
<TABLE>
<CAPTION>
WTD WTD
AVG AVG
WTD WTD COMB COMB
% OF WTD AVG WTD AVG WTD WTD ORIG ORIG
DOCUMENTATION NUMBER TOTAL TOTAL AVG WTD WTD AVG MOS AVG STATED WTD AVG AVG LTV LTV
LEVEL OF CURRENT CURRENT CURRENT AVG AVG MAX TO ORIG REMAIN AVG ORIG CURR EXCLUDES INCLUDES
(CDDOCTYPE) LOANS BALANCE BALANCE BALANCE COUPON MARGIN RATE ROLL TERM TERM AGE LTV LTV JR LIENS JR LIENS
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Full 1,216 91,185,038.63 83.14 74,988 10.874 0 0 0 333.4 332.9 0.5 73.4 73.3 73.89 73.92
------------------------------------------------------------------------------------------------------------------------------------
No Income
Verifier 107 9,351,272.06 8.53 87,395 11.356 0 0 0 334.6 333.3 1.3 69.6 69.5 69.81 69.92
------------------------------------------------------------------------------------------------------------------------------------
Light 108 9,143,467.47 8.34 84,662 10.612 0 0 0 332.7 332 0.6 70.7 70.6 71.15 71.03
------------------------------------------------------------------------------------------------------------------------------------
TOTAL: 1,431 109,679,778.16 100 76,646 10.893 0 0 0 333.4 332.9 0.6 72.8 72.8 73.31 73.34
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
TOP
------------------------------------------
35. BACK RATIO (DTIBACK)
<TABLE>
<CAPTION>
WTD
% OF WTD AVG
NUMBER TOTAL TOTAL AVG WTD WTD AVG MOS
BACK OF CURRENT CURRENT CURRENT AVG AVG MAX TO
RATIO (DTIBACK) LOANS BALANCE BALANCE BALANCE COUPON MARGIN RATE ROLL
-----------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
< = 0 5 651,874.93 0.59 130,375 9.919 0 0 0
-----------------------------------------------------------------------------------------------------
0.01 - 5.00 5 423,384.10 0.39 84,677 9.763 0 0 0
-----------------------------------------------------------------------------------------------------
5.01 - 10.00 12 971,410.73 0.89 80,951 10.435 0 0 0
-----------------------------------------------------------------------------------------------------
10.01 - 15.00 41 2,250,406.76 2.05 54,888 11.833 0 0 0
-----------------------------------------------------------------------------------------------------
15.01 - 20.00 91 4,721,444.77 4.3 51,884 11.102 0 0 0
-----------------------------------------------------------------------------------------------------
20.01 - 25.00 129 7,865,079.44 7.17 60,970 11.237 0 0 0
-----------------------------------------------------------------------------------------------------
25.01 - 30.00 167 12,001,998.99 10.94 71,868 11.011 0 0 0
-----------------------------------------------------------------------------------------------------
30.01 - 35.00 188 14,515,149.28 13.23 77,208 10.718 0 0 0
-----------------------------------------------------------------------------------------------------
35.01 - 40.00 261 19,029,567.79 17.35 72,910 10.861 0 0 0
-----------------------------------------------------------------------------------------------------
40.01 - 45.00 266 21,892,141.09 19.96 82,301 10.903 0 0 0
-----------------------------------------------------------------------------------------------------
45.01 - 50.00 127 11,491,326.60 10.48 90,483 11.124 0 0 0
-----------------------------------------------------------------------------------------------------
50.01 - 55.00 77 6,932,270.71 6.32 90,029 10.681 0 0 0
-----------------------------------------------------------------------------------------------------
55.01 - 60.00 27 3,010,310.88 2.74 111,493 10.594 0 0 0
-----------------------------------------------------------------------------------------------------
60.01 - 65.00 15 1,403,691.73 1.28 93,579 10.097 0 0 0
-----------------------------------------------------------------------------------------------------
65.01 - 70.00 5 467,890.22 0.43 93,578 9.779 0 0 0
-----------------------------------------------------------------------------------------------------
70.01 - 75.00 1 238,000.00 0.22 238,000 9.125 0 0 0
-----------------------------------------------------------------------------------------------------
80.01 - 85.00 3 339,372.83 0.31 113,124 10.634 0 0 0
-----------------------------------------------------------------------------------------------------
85.01 - 90.00 3 752,285.06 0.69 250,762 10.318 0 0 0
-----------------------------------------------------------------------------------------------------
95.01 - 100.00 8 722,172.25 0.66 90,272 10.267 0 0 0
-----------------------------------------------------------------------------------------------------
TOTAL: 1,431 109,679,778.16 100 76,646 10.893 0 0 0
-----------------------------------------------------------------------------------------------------
<CAPTION>
WTD WTD
AVG AVG
WTD COMB COMB
WTD AVG WTD WTD ORIG ORIG
AVG STATED WTD AVG AVG LTV LTV
BACK ORIG REMAIN AVG ORIG CURR EXCLUDES INCLUDES
RATIO (DTIBACK) TERM TERM AGE LTV LTV JR LIENS JR LIENS
--------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
< = 0 322.5 322.2 0.3 82.2 82.1 82.57 82.16
--------------------------------------------------------------------------------
0.01 - 5.00 315.1 314.2 0.9 55.5 55.4 56 55.52
--------------------------------------------------------------------------------
5.01 - 10.00 318.8 318.4 0.4 72.2 72.1 72.25 72.16
--------------------------------------------------------------------------------
10.01 - 15.00 330.8 330.2 0.5 66.4 66.4 66.68 66.72
--------------------------------------------------------------------------------
15.01 - 20.00 303.7 303.3 0.4 68 68 69.5 69.44
--------------------------------------------------------------------------------
20.01 - 25.00 329.4 329 0.5 72.6 72.6 72.75 72.86
--------------------------------------------------------------------------------
25.01 - 30.00 318.8 318.3 0.5 72 71.9 72.49 72.69
--------------------------------------------------------------------------------
30.01 - 35.00 331 330.4 0.6 71.8 71.8 72.53 72.55
--------------------------------------------------------------------------------
35.01 - 40.00 327.9 327.4 0.5 73.9 73.9 74.28 74.16
--------------------------------------------------------------------------------
40.01 - 45.00 342.3 341.9 0.4 74.5 74.4 75.13 75.22
--------------------------------------------------------------------------------
45.01 - 50.00 347.1 346.7 0.5 73.9 73.9 74 73.99
--------------------------------------------------------------------------------
50.01 - 55.00 355.6 354.9 0.7 71.1 70.8 71.35 71.42
--------------------------------------------------------------------------------
55.01 - 60.00 326.1 325.6 0.5 77.3 77.3 77.37 77.56
--------------------------------------------------------------------------------
60.01 - 65.00 343.1 338.2 4.9 66.3 66.1 67.28 66.98
--------------------------------------------------------------------------------
65.01 - 70.00 327.7 327.4 0.3 78 78 78.03 78
--------------------------------------------------------------------------------
70.01 - 75.00 360 360 0 72.1 72.1 72 72.12
--------------------------------------------------------------------------------
80.01 - 85.00 334.5 333.7 0.9 81.3 75.6 81.25 81.25
--------------------------------------------------------------------------------
85.01 - 90.00 360 358.8 1.2 76.4 76.3 76.45 76.39
--------------------------------------------------------------------------------
95.01 - 100.00 334.8 334 0.8 70.2 70.2 70.3 70.22
--------------------------------------------------------------------------------
TOTAL: 333.4 332.9 0.6 72.8 72.8 73.31 73.34
--------------------------------------------------------------------------------
</TABLE>
Minimum: 2.00
Maximum: 100.00
Weighted Average: 38.37
TOP
-------------------------------------------------------
36. FRONT RATIO (DTIFRONT)
<TABLE>
<CAPTION>
% OF WTD
NUMBER TOTAL TOTAL AVG WTD WTD AVG
FRONT OF CURRENT CURRENT CURRENT AVG AVG MAX
RATIO (DTIFRONT) LOANS BALANCE BALANCE BALANCE COUPON MARGIN RATE
-------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
< = 0.00 58 4,473,464.42 4.08 77,129 10.869 0 0
-------------------------------------------------------------------------------------------------
0.01 - 5.00 18 891,867.47 0.81 49,548 11.666 0 0
-------------------------------------------------------------------------------------------------
5.01 - 10.00 152 7,650,644.35 6.98 50,333 11.034 0 0
-------------------------------------------------------------------------------------------------
10.01 - 15.00 230 13,246,555.58 12.08 57,594 10.976 0 0
-------------------------------------------------------------------------------------------------
15.01 - 20.00 270 18,243,638.64 16.63 67,569 10.749 0 0
-------------------------------------------------------------------------------------------------
20.01 - 25.00 259 21,124,703.99 19.26 81,563 11.019 0 0
-------------------------------------------------------------------------------------------------
<PAGE>
-------------------------------------------------------------------------------------------------
25.01 - 30.00 179 16,713,361.15 15.24 93,371 10.858 0 0
-------------------------------------------------------------------------------------------------
30.01 - 35.00 125 12,086,444.32 11.02 96,692 10.91 0 0
-------------------------------------------------------------------------------------------------
35.01 - 40.00 62 5,965,457.25 5.44 96,217 10.629 0 0
-------------------------------------------------------------------------------------------------
40.01 - 45.00 33 3,244,938.27 2.96 98,331 11.273 0 0
-------------------------------------------------------------------------------------------------
45.01 - 50.00 13 1,922,632.91 1.75 147,895 10.103 0 0
-------------------------------------------------------------------------------------------------
50.01 - 55.00 3 365,474.56 0.33 121,825 9.846 0 0
-------------------------------------------------------------------------------------------------
55.01 - 60.00 2 354,877.59 0.32 177,439 10.49 0 0
-------------------------------------------------------------------------------------------------
60.01 - 65.00 3 304,601.80 0.28 101,534 10.208 0 0
-------------------------------------------------------------------------------------------------
65.01 - 70.00 2 92,836.35 0.08 46,418 10.694 0 0
-------------------------------------------------------------------------------------------------
70.01 - 75.00 1 185,903.56 0.17 185,904 9.25 0 0
-------------------------------------------------------------------------------------------------
75.01 - 80.00 2 134,200.77 0.12 67,100 13.442 0 0
-------------------------------------------------------------------------------------------------
85.01 - 90.00 2 107,963.80 0.1 53,982 11.935 0 0
-------------------------------------------------------------------------------------------------
100.01 >= 17 2,570,211.38 2.34 151,189 10.906 0 0
-------------------------------------------------------------------------------------------------
TOTAL: 1,431 109,679,778.16 100 76,646 10.893 0 0
-------------------------------------------------------------------------------------------------
<CAPTION>
WTD WTD
AVG AVG
WTD WTD COMB COMB
AVG WTD AVG WTD WTD ORIG ORIG
MOS AVG STATED WTD AVG AVG LTV LTV
FRONT TO ORIG REMAIN AVG ORIG CURR EXCLUDES INCLUDES
RATIO (DTIFRONT) ROLL TERM TERM AGE LTV LTV JR LIENS JR LIENS
--------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
< = 0.00 0 333.8 333.1 0.8 74.3 74.3 74.47 74.89
--------------------------------------------------------------------------------------
0.01 - 5.00 0 319.5 319 0.5 69.2 69.2 69.49 70.05
--------------------------------------------------------------------------------------
5.01 - 10.00 0 315.2 314.8 0.4 67.1 67.1 67.66 67.51
--------------------------------------------------------------------------------------
10.01 - 15.00 0 309.9 309.6 0.4 73 72.8 73.41 73.46
--------------------------------------------------------------------------------------
15.01 - 20.00 0 331.5 330.9 0.6 73 73 73.33 73.42
--------------------------------------------------------------------------------------
20.01 - 25.00 0 330.1 329.7 0.4 73.8 73.7 74.13 74.02
--------------------------------------------------------------------------------------
25.01 - 30.00 0 346 345.6 0.4 74.1 74.1 74.33 74.37
--------------------------------------------------------------------------------------
30.01 - 35.00 0 346.9 346.4 0.6 73 72.9 73.49 73.64
--------------------------------------------------------------------------------------
35.01 - 40.00 0 342.9 341.3 1.6 71.9 71.7 72.66 72.61
--------------------------------------------------------------------------------------
40.01 - 45.00 0 350.7 350 0.8 72.3 72.3 73.31 73.2
--------------------------------------------------------------------------------------
45.01 - 50.00 0 356.3 355 1.3 74.3 74.2 75.89 75.91
--------------------------------------------------------------------------------------
50.01 - 55.00 0 360 359.3 0.7 69.5 69.4 69.46 69.46
--------------------------------------------------------------------------------------
55.01 - 60.00 0 360 359.4 0.6 58.6 58.6 58.61 58.58
--------------------------------------------------------------------------------------
60.01 - 65.00 0 360 359.4 0.6 73.9 73.9 73.91 73.91
--------------------------------------------------------------------------------------
65.01 - 70.00 0 180 179 1 66.4 66.3 66.51 66.38
--------------------------------------------------------------------------------------
70.01 - 75.00 0 360 359 1 74.4 74.4 75 74.4
--------------------------------------------------------------------------------------
75.01 - 80.00 0 360 355.7 4.3 61.6 60.5 61.77 61.6
--------------------------------------------------------------------------------------
85.01 - 90.00 0 287.4 286.2 1.2 74 73.8 74.04 74.02
--------------------------------------------------------------------------------------
100.01 >= 0 340.9 340.3 0.6 74.8 74.8 77.38 77.45
--------------------------------------------------------------------------------------
TOTAL: 0 333.4 332.9 0.6 72.8 72.8 73.31 73.34
--------------------------------------------------------------------------------------
</TABLE>
Minimum: 1.27
Maximum: 389.87
Weighted Average: 29.10
TOP
-------------------------------------------------------
37. FICO SCORE (SCOREFICO1)
<TABLE>
<CAPTION>
WTD
% OF WTD AVG WTD
NUMBER TOTAL TOTAL AVG WTD WTD AVG MOS AVG
FICO OF CURRENT CURRENT CURRENT AVG AVG MAX TO ORIG
SCORE (SCOREFICO1) LOANS BALANCE BALANCE BALANCE COUPON MARGIN RATE ROLL TERM
----------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
< = 0 21 1,419,770.63 1.29 67,608 11.626 0 0 0 342.9
----------------------------------------------------------------------------------------------------------------
1 - 540 283 19,178,899.36 17.49 67,770 11.962 0 0 0 333.6
----------------------------------------------------------------------------------------------------------------
541 - 580 385 27,025,565.45 24.64 70,196 11.327 0 0 0 332.6
----------------------------------------------------------------------------------------------------------------
581 - 620 397 33,548,434.16 30.59 84,505 10.501 0 0 0 333.7
----------------------------------------------------------------------------------------------------------------
621 - 660 242 19,528,067.93 17.8 80,694 10.265 0 0 0 331.5
----------------------------------------------------------------------------------------------------------------
661 - 700 58 5,570,554.28 5.08 96,044 10.062 0 0 0 343.1
----------------------------------------------------------------------------------------------------------------
701 - 740 33 2,647,963.14 2.41 80,241 10.145 0 0 0 334
----------------------------------------------------------------------------------------------------------------
741 - 780 11 653,825.63 0.6 59,439 9.385 0 0 0 326.1
----------------------------------------------------------------------------------------------------------------
781 - 820 1 106,697.58 0.1 106,698 8.25 0 0 0 180
----------------------------------------------------------------------------------------------------------------
TOTAL: 1,431 109,679,778.16 100 76,646 10.893 0 0 0 333.4
----------------------------------------------------------------------------------------------------------------
<CAPTION>
WTD WTD
AVG AVG
WTD COMB COMB
AVG WTD WTD ORIG ORIG
STATED WTD AVG AVG LTV LTV
FICO REMAIN AVG ORIG CURR EXCLUDES INCLUDES
SCORE (SCOREFICO1) TERM AGE LTV LTV JR LIENS JR LIENS
----------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
< = 0 342.5 0.4 66.8 66.8 66.89 66.82
----------------------------------------------------------------------------
1 - 540 333.1 0.5 69.8 69.6 70.12 70.13
----------------------------------------------------------------------------
541 - 580 331.9 0.7 73.6 73.6 74.31 74.37
----------------------------------------------------------------------------
581 - 620 333.3 0.4 73.4 73.4 73.58 73.59
----------------------------------------------------------------------------
621 - 660 330.9 0.5 75.1 75 75.85 75.94
----------------------------------------------------------------------------
661 - 700 342.3 0.8 72.7 72.5 73.59 73.56
----------------------------------------------------------------------------
701 - 740 332.8 1.2 69.9 69.8 70.46 70.33
----------------------------------------------------------------------------
741 - 780 325.3 0.8 61.6 61.6 61.91 61.62
----------------------------------------------------------------------------
781 - 820 179 1 56.3 56.2 57 56.32
----------------------------------------------------------------------------
TOTAL: 332.9 0.6 72.8 72.8 73.31 73.34
----------------------------------------------------------------------------
</TABLE>
Minimum: 100
Maximum: 787
Weighted Average: 590.1
TOP
-------------------------------------------------------
38. PREPAYMENT PENALTY (CDPREPAY)
<TABLE>
<CAPTION>
WTD
% OF WTD AVG WTD
NUMBER TOTAL TOTAL AVG WTD WTD AVG MOS AVG
OF CURRENT CURRENT CURRENT AVG AVG MAX TO ORIG
PREPAYMENT PENALTY LOANS BALANCE BALANCE BALANCE COUPON MARGIN RATE ROLL TERM
(CDPREPAY)
--------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
No Prepayment Penalty 599 40,761,886.96 37.16 68,050 11.255 0 0 0 322.2
--------------------------------------------------------------------------------------------------------------------------
1 yr - 2% unpaid prin/orig 4 298,982.27 0.27 74,746 9.95 0 0 0 288.7
balance
--------------------------------------------------------------------------------------------------------------------------
1 yr - 6 mo int 99 8,710,027.86 7.94 87,980 11.196 0 0 0 347
--------------------------------------------------------------------------------------------------------------------------
2 yr - 1% unpaid prin/orig 1 228,130.98 0.21 228,131 11.75 0 0 0 360
balance
--------------------------------------------------------------------------------------------------------------------------
2.5 yr - 1% balance 1 39,200.00 0.04 39,200 12.5 0 0 0 360
--------------------------------------------------------------------------------------------------------------------------
3 yr - 1% balance 110 6,488,247.39 5.92 58,984 11.689 0 0 0 350
--------------------------------------------------------------------------------------------------------------------------
3 yr - 2 mo int->34%balance 3 366,864.69 0.33 122,288 10.769 0 0 0 360
--------------------------------------------------------------------------------------------------------------------------
3 yr - 6 mo int 6 544,873.92 0.5 90,812 10.121 0 0 0 338.2
--------------------------------------------------------------------------------------------------------------------------
3 yr - 6 mo int->20%balance 4 616,553.46 0.56 154,138 9.533 0 0 0 360
--------------------------------------------------------------------------------------------------------------------------
5 yr - 1% balance 18 1,285,870.92 1.17 71,437 11.882 0 0 0 346.9
--------------------------------------------------------------------------------------------------------------------------
5 yr - 2% balance 63 3,321,334.84 3.03 52,720 11.02 0 0 0 316
--------------------------------------------------------------------------------------------------------------------------
5 yr - 5% balance 3 234,070.80 0.21 78,024 12.285 0 0 0 360
--------------------------------------------------------------------------------------------------------------------------
5 yr - 6 mo int->20%balance 325 33,401,828.25 30.45 102,775 10.248 0 0 0 343.6
--------------------------------------------------------------------------------------------------------------------------
5 yr - 6 mo int 195 13,381,905.82 12.2 68,625 10.765 0 0 0 326.1
--------------------------------------------------------------------------------------------------------------------------
TOTAL: 1,431 109,679,778.16 100 76,646 10.893 0 0 0 333.4
--------------------------------------------------------------------------------------------------------------------------
<CAPTION>
WTD WTD
AVG AVG
WTD COMB COMB
AVG WTD WTD ORIG ORIG
STATED WTD AVG AVG LTV LTV
REMAIN AVG ORIG CURR EXCLUDES INCLUDES
PREPAYMENT PENALTY TERM AGE LTV LTV JR LIENS JR LIENS
(CDPREPAY)
--------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
No Prepayment Penalty 321.7 0.5 73 72.9 73.57 73.61
--------------------------------------------------------------------------------------
1 yr - 2% unpaid prin/orig 288.5 0.2 70.5 70.5 70.67 70.45
balance
--------------------------------------------------------------------------------------
1 yr - 6 mo int 346.6 0.4 72.1 72 72.47 72.42
--------------------------------------------------------------------------------------
2 yr - 1% unpaid prin/orig 359 1 70 70 70 70
balance
--------------------------------------------------------------------------------------
2.5 yr - 1% balance 360 0 80 80 80 80
--------------------------------------------------------------------------------------
3 yr - 1% balance 349.5 0.4 73.8 73.7 74.09 73.96
--------------------------------------------------------------------------------------
3 yr - 2 mo int->34%balance 359.9 0.1 77.6 77.6 77.57 77.57
--------------------------------------------------------------------------------------
3 yr - 6 mo int 337.9 0.3 82.3 82.3 82.41 82.33
--------------------------------------------------------------------------------------
3 yr - 6 mo int->20%balance 358.4 1.6 78.4 78.3 78.41 78.4
--------------------------------------------------------------------------------------
5 yr - 1% balance 346.5 0.5 73.1 73.1 73.18 73.5
--------------------------------------------------------------------------------------
5 yr - 2% balance 315.6 0.5 71.2 71.1 71.35 71.7
--------------------------------------------------------------------------------------
5 yr - 5% balance 359.3 0.7 70.2 70.2 70.4 70.19
--------------------------------------------------------------------------------------
5 yr - 6 mo int->20%balance 342.9 0.7 71.8 71.8 72.38 72.42
--------------------------------------------------------------------------------------
5 yr - 6 mo int 325.6 0.5 74.6 74.6 74.97 74.97
--------------------------------------------------------------------------------------
TOTAL: 332.9 0.6 72.8 72.8 73.31 73.34
--------------------------------------------------------------------------------------
</TABLE>
TOP
-------------------------------------------------------
39. PREPAYMENT TAPE (CDPREPAYTAPE)
<TABLE>
<CAPTION>
WTD
% OF WTD AVG WTD
NUMBER TOTAL TOTAL AVG WTD WTD AVG MOS AVG
OF CURRENT CURRENT CURRENT AVG AVG MAX TO ORIG
PREPAYMENT TAPE LOANS BALANCE BALANCE BALANCE COUPON MARGIN RATE ROLL TERM
(CDPREPAYTAPE)
----------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
3 163,325.00 0.15 54,442 10.937 0 0 0 289.8
----------------------------------------------------------------------------------------------------------------
N 477 31,251,231.48 28.49 65,516 11.377 0 0 0 318.3
----------------------------------------------------------------------------------------------------------------
Y N 0 00 00 00 N 36 12 1,045,488.43 0.95 87,124 11.906 0 0 0 339.7
----------------------------------------------------------------------------------------------------------------
Y N 0 00 00 00 N 42 19 2,138,982.11 1.95 112,578 9.443 0 0 0 304.9
----------------------------------------------------------------------------------------------------------------
Y N 0 00 00 00 N 60 86 6,101,659.94 5.56 70,950 11.156 0 0 0 346.4
----------------------------------------------------------------------------------------------------------------
Y N 1 00 00 00 N 60 2 61,200.00 0.06 30,600 12.077 0 0 0 285.9
----------------------------------------------------------------------------------------------------------------
Y Y 0 00 00 01 N 36 1 33,750.00 0.03 33,750 14.45 0 0 0 360
----------------------------------------------------------------------------------------------------------------
Y Y 0 00 00 01 N 60 14 1,030,186.58 0.94 73,585 11.991 0 0 0 343.7
----------------------------------------------------------------------------------------------------------------
Y Y 0 00 06 00 N 12 1 53,900.00 0.05 53,900 11.5 0 0 0 360
----------------------------------------------------------------------------------------------------------------
Y Y 0 00 06 00 N 60 5 316,240.00 0.29 63,248 11.174 0 0 0 259.6
----------------------------------------------------------------------------------------------------------------
Y Y 0 20 00 05 N 60 1 19,982.93 0.02 19,983 13.24 0 0 0 240
----------------------------------------------------------------------------------------------------------------
<PAGE>
Y Y 0 20 06 00 N 36 4 616,553.46 0.56 154,138 9.533 0 0 0 360
----------------------------------------------------------------------------------------------------------------
Y Y 0 20 06 00 N 60 299 30,762,898.52 28.05 102,886 10.246 0 0 0 344.8
----------------------------------------------------------------------------------------------------------------
Y Y 0 34 02 00 N 36 3 366,864.69 0.33 122,288 10.769 0 0 0 360
----------------------------------------------------------------------------------------------------------------
Y Y 1 00 00 01 N 24 1 228,130.98 0.21 228,131 11.75 0 0 0 360
----------------------------------------------------------------------------------------------------------------
Y Y 1 00 00 01 N 30 1 39,200.00 0.04 39,200 12.5 0 0 0 360
----------------------------------------------------------------------------------------------------------------
Y Y 1 00 00 01 N 36 109 6,454,497.39 5.88 59,216 11.674 0 0 0 349.9
----------------------------------------------------------------------------------------------------------------
Y Y 1 00 00 01 N 60 4 255,684.34 0.23 63,921 11.443 0 0 0 360
----------------------------------------------------------------------------------------------------------------
Y Y 1 00 00 02 N 12 4 298,982.27 0.27 74,746 9.95 0 0 0 288.7
----------------------------------------------------------------------------------------------------------------
Y Y 1 00 00 02 N 60 63 3,321,334.84 3.03 52,720 11.02 0 0 0 316
----------------------------------------------------------------------------------------------------------------
Y Y 1 00 00 05 N 60 3 234,070.80 0.21 78,024 12.285 0 0 0 360
----------------------------------------------------------------------------------------------------------------
Y Y 1 00 06 00 N 12 98 8,656,127.86 7.89 88,328 11.194 0 0 0 346.9
----------------------------------------------------------------------------------------------------------------
Y Y 1 00 06 00 N 36 6 544,873.92 0.5 90,812 10.121 0 0 0 338.2
----------------------------------------------------------------------------------------------------------------
Y Y 1 00 06 00 N 60 190 13,065,665.82 11.91 68,767 10.755 0 0 0 327.7
----------------------------------------------------------------------------------------------------------------
Y Y 1 20 06 00 N 60 25 2,618,946.80 2.39 104,758 10.24 0 0 0 330.9
----------------------------------------------------------------------------------------------------------------
TOTAL: 1,431 109,679,778.16 100 76,646 10.893 0 0 0 333.4
----------------------------------------------------------------------------------------------------------------
<CAPTION>
WTD WTD
AVG AVG
WTD COMB COMB
AVG WTD WTD ORIG ORIG
STATED WTD AVG AVG LTV LTV
REMAIN AVG ORIG CURR EXCLUDES INCLUDES
PREPAYMENT TAPE TERM AGE LTV LTV JR LIENS JR LIENS
(CDPREPAYTAPE)
-----------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
289.8 0 67.2 67.2 67.15 67.16
-----------------------------------------------------------------------------
N 317.8 0.6 73.4 73.3 74.12 74.13
-----------------------------------------------------------------------------
Y N 0 00 00 00 N 36 339.2 0.5 65 65 65.11 65
-----------------------------------------------------------------------------
Y N 0 00 00 00 N 42 304.7 0.2 71.2 71.2 71.48 71.24
-----------------------------------------------------------------------------
Y N 0 00 00 00 N 60 346 0.4 72.9 72.8 73.02 73.25
-----------------------------------------------------------------------------
Y N 1 00 00 00 N 60 285.9 0 77.1 77.1 77.06 88.82
-----------------------------------------------------------------------------
Y Y 0 00 00 01 N 36 360 0 75 75 75 75
-----------------------------------------------------------------------------
Y Y 0 00 00 01 N 60 343.2 0.5 71.8 71.8 71.87 72.28
-----------------------------------------------------------------------------
Y Y 0 00 06 00 N 12 360 0 82.9 82.9 83 82.92
-----------------------------------------------------------------------------
Y Y 0 00 06 00 N 60 259.6 0 76.6 76.6 76.58 76.62
-----------------------------------------------------------------------------
Y Y 0 20 00 05 N 60 239 1 20 20 20 20
-----------------------------------------------------------------------------
Y Y 0 20 06 00 N 36 358.4 1.6 78.4 78.3 78.41 78.4
-----------------------------------------------------------------------------
Y Y 0 20 06 00 N 60 344 0.7 71.6 71.6 72.22 72.26
-----------------------------------------------------------------------------
Y Y 0 34 02 00 N 36 359.9 0.1 77.6 77.6 77.57 77.57
-----------------------------------------------------------------------------
Y Y 1 00 00 01 N 24 359 1 70 70 70 70
-----------------------------------------------------------------------------
Y Y 1 00 00 01 N 30 360 0 80 80 80 80
-----------------------------------------------------------------------------
Y Y 1 00 00 01 N 36 349.5 0.4 73.7 73.7 74.08 73.96
-----------------------------------------------------------------------------
Y Y 1 00 00 01 N 60 359.8 0.2 78.5 78.4 78.45 78.45
-----------------------------------------------------------------------------
Y Y 1 00 00 02 N 12 288.5 0.2 70.5 70.5 70.67 70.45
-----------------------------------------------------------------------------
Y Y 1 00 00 02 N 60 315.6 0.5 71.2 71.1 71.35 71.7
-----------------------------------------------------------------------------
Y Y 1 00 00 05 N 60 359.3 0.7 70.2 70.2 70.4 70.19
-----------------------------------------------------------------------------
Y Y 1 00 06 00 N 12 346.5 0.4 72 71.9 72.4 72.35
-----------------------------------------------------------------------------
Y Y 1 00 06 00 N 36 337.9 0.3 82.3 82.3 82.41 82.33
-----------------------------------------------------------------------------
Y Y 1 00 06 00 N 60 327.2 0.5 74.6 74.6 74.93 74.93
-----------------------------------------------------------------------------
Y Y 1 20 06 00 N 60 330.9 0 74.6 74.6 74.67 74.61
-----------------------------------------------------------------------------
TOTAL: 332.9 0.6 72.8 72.8 73.31 73.34
-----------------------------------------------------------------------------
</TABLE>
TOP
-------------------------------------------------------
40. ASSUMABLE (CDASSUME)
<TABLE>
<CAPTION>
WTD WTD
% OF WTD AVG WTD AVG
NUMBER TOTAL TOTAL AVG WTD WTD AVG MOS AVG STATED
OF CURRENT CURRENT CURRENT AVG AVG MAX TO ORIG REMAIN
ASSUMABLE (CDASSUME) LOANS BALANCE BALANCE BALANCE COUPON MARGIN RATE ROLL TERM TERM
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Non-Assumable 1,415 108,514,702.30 98.94 76,689 10.892 0 0 0 333.4 332.8
------------------------------------------------------------------------------------------------------------------------------------
Assumable 16 1,165,075.86 1.06 72,817 10.977 0 0 0 338.6 338.2
------------------------------------------------------------------------------------------------------------------------------------
TOTAL: 1,431 109,679,778.16 100 76,646 10.893 0 0 0 333.4 332.9
------------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
WTD WTD
AVG AVG
COMB COMB
WTD WTD ORIG ORIG
WTD AVG AVG LTV LTV
AVG ORIG CURR EXCLUDES INCLUDES
ASSUMABLE (CDASSUME) AGE LTV LTV JR LIENS JR LIENS
---------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
Non-Assumable 0.6 72.8 72.7 73.28 73.3
---------------------------------------------------------------------------
Assumable 0.4 76.5 76.5 76.55 76.97
---------------------------------------------------------------------------
TOTAL: 0.6 72.8 72.8 73.31 73.34
---------------------------------------------------------------------------
</TABLE>
TOP
-------------------------------------------------------
41. PRODUCT (CDPRODUCT)
<TABLE>
<CAPTION>
WTD WTD
% OF WTD AVG WTD AVG
NUMBER TOTAL TOTAL AVG WTD WTD AVG MOS AVG STATED
OF CURRENT CURRENT CURRENT AVG AVG MAX TO ORIG REMAIN
PRODUCT (CDPRODUCT) LOANS BALANCE BALANCE BALANCE COUPON MARGIN RATE ROLL TERM TERM
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Fixed - 10 Year 17 603,810.86 0.55 35,518 10.687 0 0 0 120 119.6
------------------------------------------------------------------------------------------------------------------------------------
Fixed - 15 Year 260 12,797,559.44 11.67 49,221 11.084 0 0 0 180 179.5
------------------------------------------------------------------------------------------------------------------------------------
Fixed - 20 Year 58 3,641,475.50 3.32 62,784 10.603 0 0 0 240 239.1
------------------------------------------------------------------------------------------------------------------------------------
Fixed - 25 Year 1 122,000.00 0.11 122,000 9.99 0 0 0 300 300
------------------------------------------------------------------------------------------------------------------------------------
Fixed - 30 Year 1,093 92,411,322.55 84.26 84,548 10.88 0 0 0 360 359.5
------------------------------------------------------------------------------------------------------------------------------------
Balloon - 10/30 1 65,109.81 0.06 65,110 10.5 0 0 0 120 22
------------------------------------------------------------------------------------------------------------------------------------
Balloon - 15/30 1 38,500.00 0.04 38,500 12.99 0 0 0 180 178
------------------------------------------------------------------------------------------------------------------------------------
TOTAL: 1,431 109,679,778.16 100 76,646 10.893 0 0 0 333.4 332.9
------------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
WTD WTD
AVG AVG
COMB COMB
WTD WTD ORIG ORIG
WTD AVG AVG LTV LTV
AVG ORIG CURR EXCLUDES INCLUDES
PRODUCT (CDPRODUCT) AGE LTV LTV JR LIENS JR LIENS
--------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
Fixed - 10 Year 0.4 50.4 50.3 52.85 52.56
--------------------------------------------------------------------------
Fixed - 15 Year 0.5 67.4 67.2 68.63 68.55
--------------------------------------------------------------------------
Fixed - 20 Year 0.9 65.7 65.6 72.65 72.57
--------------------------------------------------------------------------
Fixed - 25 Year 0 78 78 78 77.96
--------------------------------------------------------------------------
Fixed - 30 Year 0.5 74 74 74.12 74.17
--------------------------------------------------------------------------
Balloon - 10/30 98 51.4 47.9 66.6 66.87
--------------------------------------------------------------------------
Balloon - 15/30 2 70 70 70 70
--------------------------------------------------------------------------
TOTAL: 0.6 72.8 72.8 73.31 73.34
--------------------------------------------------------------------------
</TABLE>
TOP
-------------------------------------------------------
42. INDEX TYPE (CDINDEX)
<TABLE>
<CAPTION>
WTD
% OF WTD AVG WTD
NUMBER TOTAL TOTAL AVG WTD WTD AVG MOS AVG
OF CURRENT CURRENT CURRENT AVG AVG MAX TO ORIG
INDEX TYPE (CDINDEX) LOANS BALANCE BALANCE BALANCE COUPON MARGIN RATE ROLL TERM
-------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Fixed Rate 1,431 109,679,778.16 100 76,646 10.893 0 0 0 333.4
-------------------------------------------------------------------------------------------------------------------
TOTAL: 1,431 109,679,778.16 100 76,646 10.893 0 0 0 333.4
-------------------------------------------------------------------------------------------------------------------
<CAPTION>
WTD WTD
AVG AVG
WTD COMB COMB
AVG WTD WTD ORIG ORIG
STATED WTD AVG AVG LTV LTV
REMAIN AVG ORIG CURR EXCLUDES INCLUDES
INDEX TYPE (CDINDEX) TERM AGE LTV LTV JR LIENS JR LIENS
-------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
Fixed Rate 332.9 0.6 72.8 72.8 73.31 73.34
-------------------------------------------------------------------------------
TOTAL: 332.9 0.6 72.8 72.8 73.31 73.34
-------------------------------------------------------------------------------
</TABLE>
TOP
-------------------------------------------------------
43. MARGIN (%) (ARMMARGIN)
TOP
-------------------------------------------------------
44. INITIAL PERIODIC CAP (%) (ARMIPERCAP)
TOP
-------------------------------------------------------
45. PERIODIC CAP (%) (ARMPERCAP)
TOP
-------------------------------------------------------
46. LIFETIME RATE CAP (%) (ARMLIFECAP)
<PAGE>
TOP
-------------------------------------------------------
47. MAXIMUM MORTGAGE RATES (%) (ARMMAX)
TOP
-------------------------------------------------------
48. NEXT RATE ADJUSTMENT DATE (ARMDTNRA)
TOP
-------------------------------------------------------
49. MONTHS TO NEXT RATE ADJUSTMENT (ARMMOSNRA)
TOP
-------------------------------------------------------
50. CONFORMING BALANCE 2001 LIMITS (CDCONFORM2)
<TABLE>
<CAPTION>
WTD
% OF WTD AVG WTD
NUMBER TOTAL TOTAL AVG WTD WTD AVG MOS AVG
OF CURRENT CURRENT CURRENT AVG AVG MAX TO ORIG
CONFORMING BALANCE 2001 LOANS BALANCE BALANCE BALANCE COUPON MARGIN RATE ROLL TERM
LIMITS (CDCONFORM2)
--------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Fixed Rate 1,431 109,679,778.16 100 76,646 10.893 0 0 0 333.4
--------------------------------------------------------------------------------------------------------------------------
TOTAL: 1,431 109,679,778.16 100 76,646 10.893 0 0 0 333.4
--------------------------------------------------------------------------------------------------------------------------
<CAPTION>
WTD WTD
AVG AVG
WTD COMB COMB
AVG WTD WTD ORIG ORIG
STATED WTD AVG AVG LTV LTV
REMAIN AVG ORIG CURR EXCLUDES INCLUDES
CONFORMING BALANCE 2001 TERM AGE LTV LTV JR LIENS JR LIENS
LIMITS (CDCONFORM2)
-------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
Fixed Rate 332.9 0.6 72.8 72.8 73.31 73.34
-------------------------------------------------------------------------------------
TOTAL: 332.9 0.6 72.8 72.8 73.31 73.34
-------------------------------------------------------------------------------------
</TABLE>
TOP
-------------------------------------------------------
-------------------------------------------------------
-------------------------------------------------------
