<PAGE>
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
-----
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (date of earliest event reported) November 24, 1998
ContiSecurities Asset Funding Corp.
-------------------------------------------------------------
(Exact name of registrant as specified in its charter)
Delaware 333-61863 13-2937238
- ---------------------------- ------------ -------------
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) ID Number)
3811 West Charleston Boulevard, Las Vegas, Nevada 89102
- -----------------------------------------------------------------------------
(Address of principal executive offices) (Zip Code)
Registrant's Telephone Number,
including area code: (702)822-5386
- -----------------------------------------------------------------------------
(Former name or former address, if changed since last report)
<PAGE>
Item 5. Other Events
Filing of Computational Materials and Consent of Independent Accountants.
This Current Report on Form 8-K is being filed to file a copy of
the Final Computational Materials (as defined below) prepared by Credit
Suisse First Boston, as an underwriter, in connection with the issuance by
ContiMortgage Home Equity Loan Trust 1998-4 of Home Equity Loan Pass-Through
Certificates, Series 1998-4. The term "Computational Materials" shall have
the meaning given in the No-Action Letter of May 20, 1994 issued by the
Securities and Exchange Commission (the "SEC") to Kidder, Peabody Acceptance
Corporation I, Kidder, Peabody & Co. Incorporated and Kidder Structured
Asset Corporation, as made applicable to other issuers and underwriters by
the Commission in response to the request of the Public Securities
Association dated May 24, 1994, and as supplemented in the No-Action Letter
of February 17, 1995 issued by the SEC to the Public Securities Association.
Item 7. Financial Statements, Pro Forma Financial Information and
Exhibits.
(a) Not applicable.
(b) Not applicable.
(c) Exhibits:
99.1 Computational Materials
2
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of
1934, the registrant has duly caused this report to be signed on its behalf
by the undersigned thereunto duly authorized.
CONTISECURITIES ASSET FUNDING CORP.,
as Depositor
By: /s/ John Banu
-----------------------------------
Name: John Banu
Title: Authorized Signatory
CONTISECURITIES ASSET FUNDING CORP.,
as Depositor
By: /s/ Mary Rappoport
-----------------------------------
Name: Mary Rappoport
Title: Authorized Signatory
Dated: November 24, 1998
3
<PAGE>
EXHIBIT INDEX
Exhibit Page
- ------- ----
99.1 Computational Materials
<PAGE>
Conti 1998-4 Preliminary Adjustable Rate Collateral Tables
Subject to Revision
Adjustable Rate Collateral Characteristics
- -------------------------------------------------------------------------------
Total Outstanding Balance: 240,148,452.53
Number of Loans: 2,663
Average Remaining Balance: $90,180
Interest Rate Index: 100.00% 6-month LIBOR
WA Gross Coupon: 10.09%
WA Gross Margin / WA Life Cap: 6.41% Margin / 16.53% Cap
WA Periodic Interest Rate Caps: 1.02%
WA Months to Roll
(Cut-Off Date 11/16/98): 24 months
Original Weighted Average Term: 360 months
Remaining Weighted Average Term: 359 months
WA Seasoning: 1 month
WA Lien Position: 100.00% First
WA Original LTV Ratio: 80.47%
WA Original CLTV Ratio: 80.47%
WA Debt to Income Ratio: 39.33%
Credit Grade: 59.98% A
24.13% B
13.93% C
1.96% D
Documentation: 88.25% full doc
5.81% limited doc
5.94% no doc
Property Type: 1.35% single family attached
85.04% single family detached
5.23% 2-4 family
3.97% PUD
1.20% condo
3.22% manufactured housing
Owner Occupancy: 94.66% owner occupied, 5.34%
investor owned
Loan Purpose: 58.02% debt consolidation
3.44% % home improvement
27.74% purchase
10.79% other
Geographic Distribution:
(all states greater than
or equal to 5.00%) MI (15.31%), CA (13.03%), IL (7.58%),
OH (6.19%),
TX (6.03%),
Note: Percentages may not add to 100.00% due to rounding. 1
The above analysis is not intended to be a prospectus and any investment
decision with respect to the security should be made by you based solely upon
all of the information contained in the final prospectus. Under no
circumstances shall the information presented constitute an offer to sell or
the solicitation of an offer to buy nor shall there be any sale of the
securities in any jurisdiction in which such offer, solicitation or sale would
be unlawful prior to registration or qualification under the securities laws of
such jurisdiction. The securities may not be sold nor may an offer to buy be
accepted prior to the delivery of a final prospectus relating to the
securities. The above preliminary description of the underlying assets has been
provided by the issuer and has not been independently verified by Credit Suisse
First Boston. All information described above is preliminary, limited in nature
and subject to completion or amendment. Credit Suisse First Boston makes no
representations that the above referenced security will actually perform as
described in any scenario presented.
CREDIT SUISSE/FIRST BOSTON
<PAGE>
Conti 1998-4 Preliminary Adjustable Rate Collateral Tables
Subject to Revision
State Distribution
- -------------------------------------------------------------------------------
State Number of Home Aggregate Loan % of Aggregate Loan
Equity Loans Balance Balance
----- -------------- -------------- -------------------
Arizona
83 8,114,121.22 3.38
Arkansas
7 318,600.60 0.13
California
200 31,290,559.26 13.03
Colorado
78 8,597,914.74 3.58
Connecticut
15 1,866,552.24 0.78
Delaware
3 271,371.50 0.11
Florida
88 8,187,961.14 3.41
Georgia
51 5,442,233.24 2.27
Idaho
24 1,677,562.23 0.70
Illinois
184 18,194,987.13 7.58
Indiana
165 9,448,905.23 3.93
Iowa
18 1,202,097.27 0.50
Kansas
19 1,469,371.67 0.61
Kentucky
50 3,048,332.51 1.27
Louisiana
18 1,824,265.06 0.76
Maryland
36 3,726,532.18 1.55
Massachusetts
17 1,852,857.59 0.77
Michigan
522 36,773,920.15 15.31
Minnesota
51 4,805,101.60 2.00
Mississippi
8 793,535.57 0.33
Missouri
62 3,433,868.82 1.43
Montana
3 432,072.08 0.18
Nebraska
5 284,788.87 0.12
Nevada
23 3,036,338.18 1.26
New Hampshire
6 965,043.43 0.40
New Jersey
18 1,955,232.17 0.81
New Mexico
37 3,565,868.63 1.48
New York
10 1,354,808.93 0.56
North Carolina
44 3,674,769.54 1.53
North Dakota
2 151,207.25 0.06
Ohio
196 14,869,928.97 6.19
Oklahoma
26 1,960,318.12 0.82
Oregon
34 3,614,530.98 1.51
Pennsylvania
84 6,163,618.63 2.57
Rhode Island
5 510,155.72 0.21
South Carolina
36 3,251,410.77 1.35
Tennessee
18 1,226,855.85 0.51
Texas
158 14,470,778.79 6.03
Utah
102 10,900,002.87 4.54
Vermont
1 71,271.59 0.03
Virginia
31 2,773,106.20 1.15
Washington
63 7,483,943.73 3.12
Washington DC
7 930,256.44 0.39
West Virginia
3 294,970.58 0.12
Wisconsin
50 3,746,546.07 1.56
Wyoming
2 119,977.19 0.05
TOTAL
2,663 240,148,452.53 100.00
Note: Percentages may not add to 100.00% due to rounding. 2
The above analysis is not intended to be a prospectus and any investment
decision with respect to the security should be made by you based solely upon
all of the information contained in the final prospectus. Under no
circumstances shall the information presented constitute an offer to sell or
the solicitation of an offer to buy nor shall there be any sale of the
securities in any jurisdiction in which such offer, solicitation or sale would
be unlawful prior to registration or qualification under the securities laws of
such jurisdiction. The securities may not be sold nor may an offer to buy be
accepted prior to the delivery of a final prospectus relating to the
securities. The above preliminary description of the underlying assets has been
provided by the issuer and has not been independently verified by Credit Suisse
First Boston. All information described above is preliminary, limited in nature
and subject to completion or amendment. Credit Suisse First Boston makes no
representations that the above referenced security will actually perform as
described in any scenario presented.
CREDIT SUISSE/FIRST BOSTON
<PAGE>
Conti 1998-4 Preliminary Adjustable Rate Collateral Tables
Subject to Revision
Original Loan to Value Ratio
- -------------------------------------------------------------------------------
Number of Home Aggregate Loan % of Aggregate
Range of Original LTV's Equity Loans Balance Loan Balance
- ----------------------- ------------ ------- ------------
10.01 - 15.00 1
52,984.15 0.02
15.01 - 20.00 1
55,000.00 0.02
20.01 - 25.00 2
69,954.90 0.03
25.01 - 30.00 2 209,921.24
0.09
30.01 - 35.00 6 345,407.02
0.14
35.01 - 40.00 7 344,310.89
0.14
40.01 - 45.00 18 986,809.54
0.41
45.01 - 50.00 36 2,138,979.60
0.89
50.01 - 55.00 28 1,903,572.37
0.79
55.01 - 60.00 50 3,200,620.70
1.33
60.01 - 65.00 105 6,195,451.65
2.58
65.01 - 70.00 166 12,525,767.68
5.22
70.01 - 75.00 346 27,471,758.53
11.44
75.01 - 80.00 784 73,079,270.05
30.43
80.01 - 85.00 551 52,690,863.67
21.94
85.01 - 90.00 552 58,066,565.29
24.18
90.01 - 95.00 4 578,010.09
0.24
90.01 - 100.00 4 233,205.16
0.10
TOTAL 2,663 240,148,452.53 100.00
Note: Percentages may not add to 100.00% due to rounding. 3
The above analysis is not intended to be a prospectus and any investment
decision with respect to the security should be made by you based solely upon
all of the information contained in the final prospectus. Under no
circumstances shall the information presented constitute an offer to sell or
the solicitation of an offer to buy nor shall there be any sale of the
securities in any jurisdiction in which such offer, solicitation or sale would
be unlawful prior to registration or qualification under the securities laws of
such jurisdiction. The securities may not be sold nor may an offer to buy be
accepted prior to the delivery of a final prospectus relating to the
securities. The above preliminary description of the underlying assets has been
provided by the issuer and has not been independently verified by Credit Suisse
First Boston. All information described above is preliminary, limited in nature
and subject to completion or amendment. Credit Suisse First Boston makes no
representations that the above referenced security will actually perform as
described in any scenario presented.
CREDIT SUISSE/FIRST BOSTON
<PAGE>
Conti 1998-4 Preliminary Adjustable Rate Collateral Tables
Subject to Revision
<TABLE>
<CAPTION>
Remaining Loan Balance
- ------------------------------------------------------------------------------------------------
Number of Home Aggregate Loan % of Aggregate
Range of Remaining Loan Balances Equity Loans Balance Loan Balance
- -------------------------------- ------------ ------- ------------
<S> <C> <C> <C>
0.01- 25,000.00 54 1,142,700.31
0.48
25,000.01- 50,000.00 541 21,405,005.96
8.91
50,000.01- 75,000.00 708 44,156,548.93
18.39
75,000.01- 100,000.00 508 44,035,715.70
18.34
100,000.01-125,000.00 354 39,775,872.75
16.56
125,000.01-150,000.00 185 25,228,023.70
10.51
150,000.01-175,000.00 109 17,649,344.34
7.35
175,000.01-200,000.00 73 13,761,171.88
5.73
200,000.01-225,000.00 46 9,784,808.73
4.07
225,000.01-250,000.00 31 7,343,212.46
3.06
250,000.01-300,000.00 34 9,121,246.55
3.80
300,000.01-325,000.00 7 2,187,540.41
0.91
325,000.01 + 13 4,557,260.81
1.90
TOTAL 2,663 240,148,452.53 100.00
</TABLE>
Coupon Rate
- -------------------------------------------------------------------------------
Number of Home Aggregate Loan % of Aggregate
Range of Coupon Rates Equity Loans Balance Loan Balance
--------------------- ------------ ------- ------------
7.01 - 8.00 50 6,898,137.44 2.87
8.01 - 9.00 316 37,855,259.78 15.76
9.01 - 10.00 785 79,511,433.30 33.11
10.01 - 11.00 897 75,059,112.06 31.26
11.01 - 12.00 422 30,161,146.19 12.56
12.01 - 13.00 122 7,466,495.73 3.11
13.01 - 14.00 51 2,329,451.29 0.97
14.01 - 15.00 13 566,090.86 0.24
15.01 - 16.00 6 199,871.02 0.08
16.01 - 17.00 1 101,454.86 0.04
TOTAL 2,663 240,148,452.53 100.00
Note: Percentages may not add to 100.00% due to rounding. 4
The above analysis is not intended to be a prospectus and any investment
decision with respect to the security should be made by you based solely upon
all of the information contained in the final prospectus. Under no
circumstances shall the information presented constitute an offer to sell or
the solicitation of an offer to buy nor shall there be any sale of the
securities in any jurisdiction in which such offer, solicitation or sale would
be unlawful prior to registration or qualification under the securities laws of
such jurisdiction. The securities may not be sold nor may an offer to buy be
accepted prior to the delivery of a final prospectus relating to the
securities. The above preliminary description of the underlying assets has been
provided by the issuer and has not been independently verified by Credit Suisse
First Boston. All information described above is preliminary, limited in nature
and subject to completion or amendment. Credit Suisse First Boston makes no
representations that the above referenced security will actually perform as
described in any scenario presented.
CREDIT SUISSE/FIRST BOSTON
<PAGE>
Conti 1998-4 Preliminary Adjustable Rate Collateral Tables
Subject to Revision
Margin
- -------------------------------------------------------------------------------
Number of Home Aggregate Loan % of Aggregate
Range of Margins Equity Loans Balance Loan Balance
- ---------------- ------------ ------- ------------
6.01 - 7.00 974 89,717,459.03 37.36
7.01 - 8.00 631 49,117,800.92 20.45
8.01 - 9.00 143 10,025,049.97 4.17
9.01 - 10.00 48 2,221,063.08 0.92
10.01 - 11.00 13 498,464.05 0.21
11.01 - 12.00 2 110,580.29 0.05
TOTAL 2,663 240,148,452.53 100.00
<TABLE>
<CAPTION>
Minimum Coupon Rate
- --------------------------------------------------------------------------------------------------
Number of Home Aggregate Loan % of Aggregate
Range of Minimum Coupon Rates Equity Loans Balance Loan Balance
----------------------------- ------------ ------- ------------
<S> <C> <C> <C>
7.01 - 8.00 50 6,898,137.44
2.87
8.01 - 9.00 316 37,855,259.78
15.76
9.01 - 10.00 785 79,511,433.30
33.11
10.01 - 11.00 897 75,059,112.06
31.26
11.01 - 12.00 422 30,161,146.19
12.56
12.01 - 13.00 122 7,466,495.73
3.11
13.01 - 14.00 51 2,329,451.29
0.97
14.01 - 15.00 13 566,090.86
0.24
15.01 - 16.00 6 199,871.02
0.08
16.01 - 17.00 1 101,454.86
0.04
TOTAL 2,663 240,148,452.53
100.00
</TABLE>
Note: Percentages may not add to 100.00% due to rounding. 5
The above analysis is not intended to be a prospectus and any investment
decision with respect to the security should be made by you based solely upon
all of the information contained in the final prospectus. Under no
circumstances shall the information presented constitute an offer to sell or
the solicitation of an offer to buy nor shall there be any sale of the
securities in any jurisdiction in which such offer, solicitation or sale would
be unlawful prior to registration or qualification under the securities laws of
such jurisdiction. The securities may not be sold nor may an offer to buy be
accepted prior to the delivery of a final prospectus relating to the
securities. The above preliminary description of the underlying assets has been
provided by the issuer and has not been independently verified by Credit Suisse
First Boston. All information described above is preliminary, limited in nature
and subject to completion or amendment. Credit Suisse First Boston makes no
representations that the above referenced security will actually perform as
described in any scenario presented.
CREDIT SUISSE/FIRST BOSTON
<PAGE>
Conti 1998-4 Preliminary Adjustable Rate Collateral Tables
Subject to Revision
Maximum Coupon Rate
- -------------------------------------------------------------------------------
Number of Home Aggregate Loan % of Aggregate
Range of Maximum Coupon Rates Equity Loans Balance Loan Balance
- ----------------------------- ------------ ------- ------------
13.01 - 14.00 12 1,507,744.20 0.63
14.01 - 15.00 213 25,062,965.32 10.44
15.01 - 16.00 629 65,700,449.81 27.36
16.01 - 17.00 851 78,685,918.79 32.77
17.01 - 18.00 553 43,593,753.67 18.15
18.01 - 19.00 266 18,196,755.37 7.58
19.01 - 20.00 92 5,314,508.64 2.21
20.01 - 21.00 31 1,383,974.12 0.58
21.01 - 22.00 10 446,556.73 0.19
22.01 - 23.00 5 154,371.02 0.06
23.01 - 24.00 1 101,454.86 0.04
TOTAL 2,663 240,148,452.53 100
Periodic Rate Cap
- -------------------------------------------------------------------------------
Number of Home Aggregate Loan % of Aggregate
Periodic Rate Cap Equity Loans Balance Loan Balance
----------------- ------------ ------- ------------
1.0 2560 228,774,969.34 95.26
1.5 102 11,305,506.92 4.71
2.0 1 67,976.27 0.03
2,663 240,148,452.53 100.00
Property Type
- -------------------------------------------------------------------------------
Number of Home Aggregate Loan % of Aggregate
Property Type Equity Loans Balance Loan Balance
- ------------- ------------ ------- ------------
2-4 Family Detached 130.00 12,544,370.81 5.23
Condominium 33.00 2,896,148.76 1.20
Manufactured Housing 99 7,730,168.73 3.22
Planned Unit Development 69 9,526,461.33 3.97
Single Family Attached 34 3,234,710.30 1.35
Single Family Detached 2,298 204,216,592.60 85.04
TOTAL 2,663.00 240,148,452.53 100.00
Note: Percentages may not add to 100.00% due to rounding. 6
The above analysis is not intended to be a prospectus and any investment
decision with respect to the security should be made by you based solely upon
all of the information contained in the final prospectus. Under no
circumstances shall the information presented constitute an offer to sell or
the solicitation of an offer to buy nor shall there be any sale of the
securities in any jurisdiction in which such offer, solicitation or sale would
be unlawful prior to registration or qualification under the securities laws of
such jurisdiction. The securities may not be sold nor may an offer to buy be
accepted prior to the delivery of a final prospectus relating to the
securities. The above preliminary description of the underlying assets has been
provided by the issuer and has not been independently verified by Credit Suisse
First Boston. All information described above is preliminary, limited in nature
and subject to completion or amendment. Credit Suisse First Boston makes no
representations that the above referenced security will actually perform as
described in any scenario presented.
CREDIT SUISSE/FIRST BOSTON
<PAGE>
Conti 1998-4 Preliminary Adjustable Rate Collateral Tables
Subject to Revision
<TABLE>
<CAPTION>
Month of Next Coupon Rate Change
- ----------------------------------------------------------------------------------------
Number of Home Aggregate Loan % of Aggregate
Month of Next Coupon Rate Change Equity Loans Balance Loan Balance
-------------------------------- ------------ ------- ------------
<S> <C> <C> <C>
1998-12 4 310,667.93 0.13
1999-01 2 290,786.60 0.12
1999-02 14 1,061,773.71 0.44
1999-03 55 4,359,281.04 1.82
1999-04 99 10,517,779.52 4.38
1999-05 55 6,476,255.00 2.7
1999-09 1 124,387.12 0.05
1999-12 2 194,274.56 0.08
2000-01 1 358,582.67 0.15
2000-02 4 267,195.06 0.11
2000-03 4 376,903.91 0.16
2000-04 10 944,098.79 0.39
2000-05 9 785,081.08 0.33
2000-06 22 1,860,826.25 0.77
2000-07 47 4,294,236.73 1.79
2000-08 139 12,907,117.46 5.37
2000-09 436 39,960,879.44 16.64
2000-10 772 70,796,489.99 29.48
2000-11 369 34,954,346.25 14.56
2001-03 1 35,899.30 0.01
2001-06 3 349,040.39 0.15
2001-07 12 878,100.59 0.37
2001-08 30 2,041,217.71 0.85
2001-09 186 12,745,686.51 5.31
2001-10 299 25,338,655.72 10.55
2001-11 87 7,918,889.20 3.3
TOTAL 2,663 240,148,452.53 100
</TABLE>
<TABLE>
<CAPTION>
Months Remaining to Maturity
- -----------------------------------------------------------------------------------------------------
Number of Home Aggregate Loan % of Aggregate
Range of Months Remaining to Maturity Equity Loans Balance Loan Balance
------------------------------------- ------------ ------- ------------
<S> <C> <C> <C>
337 - 348 1 124,387.12 0.05
349 - 360 2,662 240,024,065.41 99.95
TOTAL 2,663 240,148,452.53 100.00
</TABLE>
Note: Percentages may not add to 100.00% due to rounding. 7
The above analysis is not intended to be a prospectus and any investment
decision with respect to the security should be made by you based solely upon
all of the information contained in the final prospectus. Under no
circumstances shall the information presented constitute an offer to sell or
the solicitation of an offer to buy nor shall there be any sale of the
securities in any jurisdiction in which such offer, solicitation or sale would
be unlawful prior to registration or qualification under the securities laws of
such jurisdiction. The securities may not be sold nor may an offer to buy be
accepted prior to the delivery of a final prospectus relating to the
securities. The above preliminary description of the underlying assets has been
provided by the issuer and has not been independently verified by Credit Suisse
First Boston. All information described above is preliminary, limited in nature
and subject to completion or amendment. Credit Suisse First Boston makes no
representations that the above referenced security will actually perform as
described in any scenario presented.
CREDIT SUISSE/FIRST BOSTON
<PAGE>
Conti 1998-4 Preliminary Adjustable Rate Collateral Tables
Subject to Revision
<TABLE>
<CAPTION>
Months of Original Term
- -------------------------------------------------------------------------------------------------
Number of Home Aggregate Loan % of Aggregate
Range of Months of Original Term Equity Loans Balance Loan Balance
-------------------------------- ------------ ------- ------------
<S> <C> <C> <C>
360 - 360 2,663 240,148,452.53 100.00
TOTAL 2,663 240,148,452.53 100.00
</TABLE>
<TABLE>
<CAPTION>
Debt to Income Ratio
- -------------------------------------------------------------------------------------
Number of Home Aggregate Loan % of Aggregate
Range of Debt to Income Ratio Equity Loans Balance Loan Balance
----------------------------- ------------ ------- ------------
<S> <C> <C> <C>
0.01 - 5.00 1 135,100.00 0.06
5.01 - 10.00 18 1,305,762.20 0.54
10.01 - 15.00 54 3,471,230.97 1.45
15.01 - 20.00 95 5,348,443.47 2.23
20.01 - 25.00 178 12,657,410.74 5.27
25.01 - 30.00 269 21,029,754.62 8.76
30.01 - 35.00 367 30,971,180.60 12.9
35.01 - 40.00 442 40,840,512.53 17.01
40.01 - 45.00 500 47,992,688.66 19.98
45.01 - 50.00 612 61,787,546.10 25.73
50.01 - 55.00 120 13,619,476.12 5.67
55.01 - 60.00 7 989,346.52 0.41
TOTAL 2,663 240,148,452.53 100.00
</TABLE>
Product Type
- -------------------------------------------------------------------------------
Number of Home Aggregate Loan % of Aggregate
Product Type Equity Loans Balance Loan Balance
- ------------ ------------ ------- ------------
2/28 ARMs 1,814 167,576,687.30 69.78
3/27 ARMs 618.00 49,307,489.42 20.53
6 Mo LIBOR 231.00 23,264,275.81 9.69
TOTAL 2,663 240,148,452.53 100.00
Index Type
- -------------------------------------------------------------------------------
Number of Home Aggregate Loan % of Aggregate
Index Type Equity Loans Balance Loan Balance
- ---------- ------------ ------- ------------
6 Mo LIBOR 2,663 240,148,452.53 100.00
TOTAL 2,663 240,148,452.53 100.00
Note: Percentages may not add to 100.00% due to rounding. 8
The above analysis is not intended to be a prospectus and any investment
decision with respect to the security should be made by you based solely upon
all of the information contained in the final prospectus. Under no
circumstances shall the information presented constitute an offer to sell or
the solicitation of an offer to buy nor shall there be any sale of the
securities in any jurisdiction in which such offer, solicitation or sale would
be unlawful prior to registration or qualification under the securities laws of
such jurisdiction. The securities may not be sold nor may an offer to buy be
accepted prior to the delivery of a final prospectus relating to the
securities. The above preliminary description of the underlying assets has been
provided by the issuer and has not been independently verified by Credit Suisse
First Boston. All information described above is preliminary, limited in nature
and subject to completion or amendment. Credit Suisse First Boston makes no
representations that the above referenced security will actually perform as
described in any scenario presented.
CREDIT SUISSE/FIRST BOSTON
<PAGE>
Conti 1998-4 Preliminary Adjustable Rate Collateral Tables
Subject to Revision
Fixed Rate Collateral Characteristics
- -------------------------------------------------------------------------------
Total Outstanding Balance: $802,634,679
Number of Loans: 12,470
Average Remaining Balance: $64,365
Interest Rate Index: 100.00% fixed-rate loans
WA Gross Coupon: 10.35%
Original Weighted Average Term: 272 months
Remaining Weighted Average Term: 271 months
WA Seasoning: 1 month
WA Lien Position: 94.82% first / 5.18% second
WA Original LTV Ratio: 76.44%
WA Original CLTV Ratio: 79.29%
WA Debt to Income Ratio: 37.34%
Credit Grade: 66.05% A
21.47% B
10.59% C
1.89% D
Documentation: 91.56% full doc
5.17% limited doc
3.28% no doc
Property Type: 86.58% single family attached,
1.87% single family detached,
5.77% 2-4 family
3.17% man. housing
1.62% PUD,
0.75% condo,
0.24% mixed use,
Owner Occupancy: 94.12% owner occupied, 5.88% investor owned
Loan Purpose: 49.75% debt consolidation
2.85% home improvement
9.21% purchase
48.19% other
Geographic Distribution: MI (9.97%), OH (9.51%), IL (7.46%)
(all states greater than or equal
to 5.00%) PA (6.47%),FL (6.12%), CA (5.04%)
Note: Percentages may not add to 100.00% due to rounding. 1
The above analysis is not intended to be a prospectus and any investment
decision with respect to the security should be made by you based solely
upon all of the information contained in the final prospectus. Under no
circumstances shall the information presented constitute an offer to sell or
the solicitation of an offer to buy nor shall there be any sale of the
securities in any jurisdiction in which such offer, solicitation or sale
would be unlawful prior to registration or qualification under the
securities laws of such jurisdiction. The securities may not be sold nor may
an offer to buy be accepted prior to the delivery of a final prospectus
relating to the securities. The above preliminary description of the
underlying assets has been provided by the issuer and has not been
independently verified by Credit Suisse First Boston. All information
described above is preliminary, limited in nature and subject to completion
or amendment. Credit Suisse First Boston makes no representations that the
above referenced security will actually perform as described in any scenario
presented.
CREDIT SUISSE/FIRST BOSTON
<PAGE>
Conti 1998-4 Preliminary Fixed Rate Collateral Tables
Subject to Revision
- -------------------------------------------------------------------------------
State Distribution
- -------------------------------------------------------------------------------
Number of Home Aggregate Loan % of Aggregate Loan
State Equity Loans Balance Balance
- ----- ------------ ------- -------
Arizona 251 17,329,018.56 2.16
Arkansas 80 4,221,650.24 0.53
California 433 40,426,277.35 5.04
Colorado 155 14,034,844.52 1.75
Connecticut 66 5,054,150.61 0.63
Delaware 18 1,208,379.58 0.15
Georgia 426 27,581,530.79 3.44
Idaho 29 1,960,304.59 0.24
Illinois 890 59,864,867.47 7.46
Indiana 636 34,816,412.19 4.34
Iowa 81 4,526,728.16 0.56
Kansas 58 3,056,930.93 0.38
Kentucky 305 18,192,429.30 2.27
Maryland 261 19,764,741.12 2.46
Massachusetts 170 13,983,984.30 1.74
Michigan 1,528 80,041,506.20 9.97
Minnesota 144 10,994,556.67 1.37
Mississippi 121 6,476,046.37 0.81
Missouri 289 14,485,873.01 1.80
Montana 24 1,264,150.58 0.16
Nebraska 59 3,445,562.49 0.43
Nevada 59 5,211,448.36 0.65
New Hampshire 41 2,773,954.44 0.35
New Jersey 190 16,754,895.49 2.09
New Mexico 170 12,325,259.25 1.54
New York 455 35,672,461.88 4.44
North Carolina 594 37,061,919.38 4.62
North Dakota 3 92,061.55 0.01
Ohio 1,240 76,312,331.72 9.51
Oklahoma 74 3,718,310.53 0.46
Oregon 60 4,735,128.05 0.59
Pennsylvania 850 51,916,764.25 6.47
Rhode Island 59 3,925,538.05 0.49
South Carolina 264 16,193,644.63 2.02
South Dakota 10 637,451.09 0.08
Tennessee 258 16,438,700.12 2.05
Texas 466 29,429,466.18 3.67
Utah 121 10,277,656.37 1.28
Vermont 7 519,403.91 0.06
Virginia 171 11,353,720.57 1.41
Washington 97 8,139,245.51 1.01
Washington DC 42 3,298,919.34 0.41
West Virginia 76 4,452,233.57 0.55
Wisconsin 114 6,762,661.55 0.84
Wyoming 8 481,455.46 0.06
TOTAL 12,470 802,634,679.00 100%
Note: Percentages may not add to 100.00% due to rounding. 2
The above analysis is not intended to be a prospectus and any investment
decision with respect to the security should be made by you based solely
upon all of the information contained in the final prospectus. Under no
circumstances shall the information presented constitute an offer to sell or
the solicitation of an offer to buy nor shall there be any sale of the
securities in any jurisdiction in which such offer, solicitation or sale
would be unlawful prior to registration or qualification under the
securities laws of such jurisdiction. The securities may not be sold nor may
an offer to buy be accepted prior to the delivery of a final prospectus
relating to the securities. The above preliminary description of the
underlying assets has been provided by the issuer and has not been
independently verified by Credit Suisse First Boston. All information
described above is preliminary, limited in nature and subject to completion
or amendment. Credit Suisse First Boston makes no representations that the
above referenced security will actually perform as described in any scenario
presented.
CREDIT SUISSE/FIRST BOSTON
<PAGE>
Conti 1998-4 Preliminary Fixed Rate Collateral Tables
Subject to Revision
<TABLE>
<CAPTION>
Original Combined Loan to Value Ratio
- ---------------------------------------------------------------------------------------
Number of Home Aggregate Loan % of Aggregate Loan
Range of Original CLTV's Equity Loans Balance Balance
- ------------------------ ------------ ------- -------
<S> <C> <C> <C>
00.01- 10.00 2 33,400.55 0.00
10.01- 15.00 11 259,185.07 0.03
15.01- 20.00 25 676,464.49 0.08
20.01- 25.00 34 994,730.48 0.12
25.01- 30.00 34 1,090,295.48 0.14
30.01- 35.00 81 2,413,593.97 0.30
35.01- 40.00 105 3,769,705.72 0.47
40.01- 45.00 136 5,591,149.29 0.70
45.01- 50.00 283 10,974,847.54 1.37
50.01- 55.00 222 10,593,661.93 1.32
55.01- 60.00 351 17,844,375.47 2.22
60.01- 65.00 524 28,114,105.81 3.50
65.01- 70.00 856 47,721,602.08 5.95
70.01- 75.00 1,420 87,370,891.56 10.89
75.01- 80.00 3,091 209,017,178.82 26.04
80.01- 85.00 2,547 180,596,769.34 22.50
85.01- 90.00 2,579 185,251,941.11 23.08
90.01- 95.00 161 10,028,064.82 1.25
90.01-100.00 8 292,715.47 0.04
TOTAL 12,470 802,634,679.00 100.00
</TABLE>
Remaining Loan Balance
- -------------------------------------------------------------------------------
Number of Home Aggregate Loan % of Aggregate
Range of Loan Balances Equity Loans Balance Loan Balance
- ---------------------- ------------ ------- ------------
0.01- 25,000.00
1,267 24,507,968.80 3.05
25,000.01- 50,000.00
4,120 157,704,141.15 19.65
50,000.01- 75,000.00
3,426 210,152,723.73 26.18
75,000.01- 100,000.00
1,738 150,089,166.09 18.70
100,000.01-125,000.00
962 107,148,678.10 13.35
125,000.01-150,000.00
459 62,805,225.06 7.82
150,000.01-175,000.00
237 38,207,122.16 4.76
175,000.01-200,000.00
155 29,073,486.76 3.62
200,000.01-225,000.00
96 20,557,511.17 2.56
225,000.01-250,000.00
8 1,853,619.35 0.23
250,000.01-300,000.00
2 535,036.63 0.07
TOTAL 12,470 802,634,679.00 100.00
Note: Percentages may not add to 100.00% due to rounding. 3
The above analysis is not intended to be a prospectus and any investment
decision with respect to the security should be made by you based solely
upon all of the information contained in the final prospectus. Under no
circumstances shall the information presented constitute an offer to sell or
the solicitation of an offer to buy nor shall there be any sale of the
securities in any jurisdiction in which such offer, solicitation or sale
would be unlawful prior to registration or qualification under the
securities laws of such jurisdiction. The securities may not be sold nor may
an offer to buy be accepted prior to the delivery of a final prospectus
relating to the securities. The above preliminary description of the
underlying assets has been provided by the issuer and has not been
independently verified by Credit Suisse First Boston. All information
described above is preliminary, limited in nature and subject to completion
or amendment. Credit Suisse First Boston makes no representations that the
above referenced security will actually perform as described in any scenario
presented.
CREDIT SUISSE/FIRST BOSTON
<PAGE>
Conti 1998-4 Preliminary Fixed Rate Collateral Tables
Subject to Revision
Coupon Rate
- -------------------------------------------------------------------------------
Number of Home Aggregate Loan % of Aggregate Loan
Range of Coupon Rates Equity Loans Balance Balance
- --------------------- ------------ ------- -------
6.01 - 7.00 2 162,199.43 0.02
7.01 - 8.00 193 16,896,467.10 2.11
8.01 - 9.00 1,507 123,631,237.98 15.40
9.01 -10.00 3,254 238,837,825.51 29.76
10.01-11.00 3,462 220,578,436.94 27.48
11.01-12.00 2,139 120,053,338.12 14.96
12.01-13.00 1,159 53,315,135.40 6.64
13.01-14.00 496 20,035,714.36 2.50
14.01-15.00 162 6,149,060.04 0.77
15.01-16.00 63 2,080,693.32 0.26
16.01-17.00 30 806,352.27 0.10
17.01-18.00 3 88,218.53 0.01
TOTAL 12,470 802,634,679.00 100.00
Property Type
- -------------------------------------------------------------------------------
Number of Home Aggregate Loan % of Aggregate
Property Type Equity Loans Balance Loan Balance
- ------------- ------------ ------- ------------
2-4 Family Residence 595 46,299,775.77 5.77
Condominium 102 5,992,088.82 0.75
Mixed Use 18 1,974,525.49 0.24
Planned Unit Development 158 12,977,784.98 1.62
Single Family Attached 287 14,969,713.18 1.87
Single Family Detached 10,874 694,945,756.60 86.58
Manufactured Housing 436 25,475,034.16 3.17
TOTAL
12,470 802,634,679.00 100.00
Note: Percentages may not add to 100.00% due to rounding. 4
The above analysis is not intended to be a prospectus and any investment
decision with respect to the security should be made by you based solely
upon all of the information contained in the final prospectus. Under no
circumstances shall the information presented constitute an offer to sell or
the solicitation of an offer to buy nor shall there be any sale of the
securities in any jurisdiction in which such offer, solicitation or sale
would be unlawful prior to registration or qualification under the
securities laws of such jurisdiction. The securities may not be sold nor may
an offer to buy be accepted prior to the delivery of a final prospectus
relating to the securities. The above preliminary description of the
underlying assets has been provided by the issuer and has not been
independently verified by Credit Suisse First Boston. All information
described above is preliminary, limited in nature and subject to completion
or amendment. Credit Suisse First Boston makes no representations that the
above referenced security will actually perform as described in any scenario
presented.
CREDIT SUISSE/FIRST BOSTON
<PAGE>
Conti 1998-4 Preliminary Fixed Rate Collateral Tables
Subject to Revision
<TABLE>
<CAPTION>
Debt to Income Ratio
- ---------------------------------------------------------------------------------------
% of Aggregate Loan
Number of Home Aggregate Loan Balance
Range of Debt of Income Ratio Equity Loans Balance
- ----------------------------- ------------ ------- --------------------
<S> <C> <C> <C>
0.01- 5.00 4 460,577.78 0.06
5.01- 10.00 92 4,422,894.00 0.55
10.01-15.00 328 14,246,056.73 1.77
15.01-20.00 636 32,879,418.04 4.10
20.01-25.00 1,029 57,180,780.47 7.12
25.01-30.00 1,513 88,897,213.92 11.08
30.01-35.00 1,734 108,184,369.45 13.48
35.01-40.00 2,112 140,701,844.64 17.53
40.01-45.00 2,411 166,300,839.26 20.72
45.01-50.00 2,392 170,848,671.04 21.29
50.01-55.00 202 17,010,503.49 2.12
55.01-60.00 17 1,501,510.18 0.19
TOTAL 12,470 802,634,679.00 100.00
- ------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
Months Remaining to Maturity
- -----------------------------------------------------------------------------------------------
Number of Home Aggregate Loan % of Aggregate Loan
Range of Months Remaining to Maturity Equity Loans Balance Balance
- ------------------------------------- ------------ ------- -------
<S> <C> <C> <C>
49-60 16 321,463.02 0.04
61-72 4 72,753.96 0.01
73-84 24 836,210.03 0.10
85-96 15 505,594.62 0.06
97-108 1 30,013.89 -
109-120 351 11,311,252.79 1.41
121-132 2 79,552.41 0.01
133-144 20 891,121.56 0.11
145-156 2 124,721.48 0.02
157-168 26 1,218,473.27 0.15
169-180 5,542 323,870,341.65 40.35
181-192 2 82,330.30 0.01
205-216 2 165,033.34 0.02
217-228 3 277,239.02 0.03
229-240 1,283 69,877,734.70 8.71
289-300 146 8,995,946.94 1.12
337-348 15 976,441.31 0.12
349-360 5,016 382,998,454.71 47.72
TOTAL 12,470 802,634,679.00 100.00
- -----------------------------------------------------------------------------------------------
</TABLE>
Note: Percentages may not add to 100.00% due to rounding. 5
The above analysis is not intended to be a prospectus and any investment
decision with respect to the security should be made by you based solely
upon all of the information contained in the final prospectus. Under no
circumstances shall the information presented constitute an offer to sell or
the solicitation of an offer to buy nor shall there be any sale of the
securities in any jurisdiction in which such offer, solicitation or sale
would be unlawful prior to registration or qualification under the
securities laws of such jurisdiction. The securities may not be sold nor may
an offer to buy be accepted prior to the delivery of a final prospectus
relating to the securities. The above preliminary description of the
underlying assets has been provided by the issuer and has not been
independently verified by Credit Suisse First Boston. All information
described above is preliminary, limited in nature and subject to completion
or amendment. Credit Suisse First Boston makes no representations that the
above referenced security will actually perform as described in any scenario
presented.
CREDIT SUISSE/FIRST BOSTON
<PAGE>
Conti 1998-4 Preliminary Fixed Rate Collateral Tables
Subject to Revision
<TABLE>
<CAPTION>
Months of Original Term
- ----------------------------------------------------------------------------------------------------------
Range of Months of Original Term Number of Home Aggregate Loan % of Aggregate Loan
Equity Loans Balance Balance
- --------------------------------- -------------- -------------- --------------------
<S> <C> <C> <C>
49-60 16 321,463.02 0.04
61-72 4 72,753.96 0.01
73-84 20 714,590.29 0.09
85-96 7 127,621.87 0.02
109-120 352 11,341,266.68 1.41
121-132 2 79,552.41 0.01
133-144 20 891,121.56 0.11
157-168 1 44,791.00 0.01
169-180 5,581 325,668,337.89 40.57
181-192 2 82,330.30 0.01
205-216 1 67,813.46 0.01
217-228 2 243,000.00 0.03
229-240 1,285 70,009,193.60 8.72
289-300 146 8,995,946.94 1.12
337-348 1 57,800.00 0.01
349-360 5,030 383,917,096.02 47.83
TOTAL 12,470 802,634,679.00 100.00
- ---------------------------------------------------------------------------------------------------
</TABLE>
Note: Percentages may not add to 100.00% due to rounding. 6
The above analysis is not intended to be a prospectus and any investment
decision with respect to the security should be made by you based solely
upon all of the information contained in the final prospectus. Under no
circumstances shall the information presented constitute an offer to sell or
the solicitation of an offer to buy nor shall there be any sale of the
securities in any jurisdiction in which such offer, solicitation or sale
would be unlawful prior to registration or qualification under the
securities laws of such jurisdiction. The securities may not be sold nor may
an offer to buy be accepted prior to the delivery of a final prospectus
relating to the securities. The above preliminary description of the
underlying assets has been provided by the issuer and has not been
independently verified by Credit Suisse First Boston. All information
described above is preliminary, limited in nature and subject to completion
or amendment. Credit Suisse First Boston makes no representations that the
above referenced security will actually perform as described in any scenario
presented.
CREDIT SUISSE/FIRST BOSTON
