<PAGE>
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
-----
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15 (d)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (date of earliest event reported) December 1, 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 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
99.2 Revised 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 Rapoport
---------------------------------------------
Name: Mary Rapoport
Title: Authorized Signatory
Dated: December 3, 1998
3
<PAGE>
EXHIBIT INDEX
Exhibit Page
- ------- ----
99.1 Computational Materials
99.2 Revised Computational Materials
<PAGE>
Computational Materials
$1,049,318,000
(Approximate)
ContiMortgage Home Equity Loan Trust 1998-4
Note: Percentages may not add to 100.00% due to rounding.
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.
[LOGO]
<PAGE>
CONTIMORTGAGE HOME EQUITY LOAN TRUST 1998-4
Computational Materials
TERM SHEET DATED DECEMBER 1, 1998
ContiMortgage Home Equity Loan Trust 1998-4
$1,049,318,000 (Approximate)
ContiMortgage
Seller and Servicer
ContiWest Corporation
Seller
ContiSecurities Asset Funding Corp.
Depositor
Transaction Highlights
<TABLE>
<CAPTION>
- --------------------------------------------------------------------------------------------------------------------------------
Average
Expected Ratings Life Payment Final
Class Class Size Tranche Type (Moody's/S&P/Fitch) (years) Window(1) Maturity Date
(1)
- --------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
A-F $1,000,000,000 Fixed Pass Through Aaa/AAA/AAA 3.01 92 01/99 - 08/06 [12/29]
- --------------------------------------------------------------------------------------------------------------------------------
B-F 49,318,000 Fixed Subordinate Baa2/BBB-/BBB 5.14 56 01/02 - 08/06 [12/29]
- --------------------------------------------------------------------------------------------------------------------------------
Total $1,049,318,000 -- -- -- --
- --------------------------------------------------------------------------------------------------------------------------------
</TABLE>
(1) Run to 10% call. See "Pricing Prepayment Speed" below.
Trustee: Manufacturers and Traders Trust Company
Managers: Credit Suisse First Boston (Sole manager)
Structure: The Fixed Rate Loan Group consists of agency
eligible fixed rate collateral and will support
Class A-F and Class B-F.
Pricing Prepayment Speed: 130% of the prepayment assumption (the "FRM PPC")
will be applied to the Fixed Rate Collateral for
pricing purposes. 130% PPC for the Fixed Rate
Collateral describes prepayments starting at 5.2%
CPR in month 1, increasing by 1.8909% CPR per month
26% CPR in month 12, and remaining at 26% CPR
thereafter.
Statistical Calculation Close of Business November 16, 1998.
Date:
Cut-Off Date: Close of Business December 7, 1998.
Expected Pricing Date: Thursday, December 3, 1998 or Friday, December 4,
1998.
Expected Settlement: December 17, 1998 through DTC, Euroclear or CEDEL.
Accrued Interest: 9 days of accrued interest (from December 8, 1998).
Distribution Dates: The 15th of each month, beginning January, 1999.
AAA Credit Enhancement: MBIA Guarantee on Class A-F Certificates, 4.70%
Class B-F Certificates, 2.30% targeted
overcollateralization and excess spread.
Optional Call: 10% Clean-up call.
Tax Status: REMIC.
ERISA Eligibility: The Class A-F Certificates are ERISA eligible. The
Class B-F Certificates are not ERISA eligible.
SMMEA Eligibility: None of the offered certificates are SMMEA eligible
Note: Percentages may not add to 100.00% due to rounding.
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.
[LOGO]
1
<PAGE>
CONTIMORTGAGE HOME EQUITY LOAN TRUST 1998-4
Computational Materials
Credit Enhancement
Class A-F Credit Enhancement:
1. Excess spread;
2. Overcollateralization building up to a requirement of 2.30% of the
original loan balance of the Fixed Rate Loan Group;
3. Subordination of Class B-F certificates, initially totaling 4.70% of
the original loan balance of the Fixed Rate Loan Group;
4. MBIA surety wrap.
Class B-F Credit Enhancement:
1. Excess spread;
2. Overcollateralization building up to a requirement of 2.30% of the
original loan balance of the Fixed Rate Loan Group.
(1) Excess Spread
o Excess spread will generally equal the difference between the interest
payments received on the aggregate home equity loans in the Fixed Rate
Loan Group net of the Servicing Fee, Certificate Insurer Fee, Trustee Fee,
and Certificate Interest.
(2) Overcollateralization
1. Before the Stepdown Date, overcollateralization initially builds to
2.30% of the original loan balance of the Fixed Rate Loan Group
(subject to rating agency and MBIA performance triggers);
2. On and after the Stepdown Date, and so long as no trigger event is in
effect, the overcollateralization will step down monthly to 4.60% of
the outstanding loan balance of the Fixed Rate Loan Group;
3. The overcollateralization step down will be subject to a floor of
0.50% of the original loan balance of the Fixed Rate Loan Group
(subject to rating agency and MBIA trigger events);
4. There will be no funding of the overcollateralization for the first 4
months of the transaction (until May 1999).
(3) Subordination
o There will be a Class B-F Certificate in the amount of 4.70% of the
original loan balance of the Fixed Rate Loan Group to provide credit
enhancement to the Class A-F Certificates.
(4) Surety Wrap
o The Class A-F Certificates will have the benefit of an insurance
guarantee with respect to the timely payment of interest and the ultimate
payment of principal issued by MBIA.
Note: Percentages may not add to 100.00% due to rounding.
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.
[LOGO]
2
<PAGE>
CONTIMORTGAGE HOME EQUITY LOAN TRUST 1998-4
Computational Materials
Cashflow Priority
o Interest and Principal Collections from the Fixed Rate Loan Group (net of
Servicing, Certificate Insurer, and Trustee Fees) will be allocated in the
following priority prior to the Stepdown Date if no trigger event is in
effect:
1. Current Interest and Carry-Forward Interest to the Class A-F
Certificates;
2. Current Interest to the Class B-F Certificates;
3. The Class A-F principal distribution amount based on the applicable
targeted credit enhancement to the Class A-F Certificates;
4. Once Class A-F Certificates have been retired, remaining principal
distributions to the Class B-F Certificate until retired;
5. Class B-F Interest Carry Forward Amount;
6. Unpaid Class B-F Realized Loss Amortization Amounts.
o Interest and Principal Collections from the Fixed Rate Loan Group (net of
Servicing, Certificate Insurer, and Trustee Fees) will be allocated in the
following priority on and after the Stepdown Date if no trigger event is
in effect:
1. Current Interest and Carry-Forward Interest to the Class A-F
Certificates;
2. Current Interest to the Class B-F Certificates;
3. The Class A-F principal distribution amount based on the applicable
targeted credit enhancement to the Class A-F Certificates;
4. The Class B-F principal distribution amount based on the applicable
targeted credit enhancement to the Class B-F Certificate;
5. Class B-F Interest Carry Forward Amount;
6. Unpaid Class B-F Realized Loss Amortization Amounts.
Note: Interest will not accrue or be payable on any written down amounts
with respect to the Class B-F Certificates.
Note: Percentages may not add to 100.00% due to rounding.
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.
[LOGO]
3
<PAGE>
CONTIMORTGAGE HOME EQUITY LOAN TRUST 1998-4
Computational Materials
Target Credit Enhancement for the Fixed Rate Loan Group on and after the
Stepdown date assuming no Delinquency Trigger Event is in effect:
o Pay Class A-F Certificates and Class B-F Certificates pro-rata in
accordance with the enhancement targets, equal to 2.0 times the initial
enhancement for each class:
Target Credit Enhancement
Targeted % of Pool
Class A-F 86.00% 14.00%
Class B-F 9.40% 4.60%
Overcollateralization 4.60%
-------
100.00%
Fixed Rate Loan Group Stepdown Date:
o The earlier to occur of: (i) the later of (x) the 37th Payment Date
(January 2002) and (y) the first Payment Date on which the Class A-F
Enhancement Percentage is at least 14.00% and (ii) when the Class A-F
Certificates are retired.
Class A-F Principal Distribution Amount:
o Before the Stepdown Date, the Class A-F Certificates receive 100% of the
collateral principal collections and the excess spread to build to a
required overcollateralization target of 2.30%. After the Stepdown Date,
the Class A-F Certificates receive principal distributions to maintain
14.00% credit enhancement (assuming no Trigger Event is in effect).
Class A-F Enhancement Percentage:
o Percentage equivalent of a fraction, the numerator of which is the excess
of (x) the outstanding loan balance of the Fixed Rate Loan Group for such
Payment Date over (y) the Class A-F Certificate Principal Balance after
taking into account the payment of the Class A-F Principal Distribution
Amount on such Payment Date, assuming that no Delinquency Trigger Event is
in effect and the denominator of which is the outstanding loan balance of
the Fixed Rate Loan Group.
Fixed Rate Loan Group Delinquency Trigger:
o After the Stepdown Date, a Fixed Rate Loan Group Delinquency Trigger
Event has occurred if on any Payment Date [85.25]% of the 3-month rolling
average 60+ Day Delinquencies (including Bankruptcies, Foreclosures and
REO properties) with respect to the Fixed Rate Loan Group equals or
exceeds the Class A-F Enhancement Percentage (14.00% = 2.00 X 7.00%);
i.e., when the 3-month rolling average of 60+ Day Delinquencies with
respect to the Fixed Rate Loan Group equals or exceeds [16.42]% (14.00% /
[85.25]%).
o If a Fixed Rate Loan Group Delinquency Trigger Event is in effect, the
Class A-F Certificates will receive 100% of all principal until the credit
enhancement equals or exceeds [85.25]% of the 3 Month Rolling Average of
60+ Day Delinquencies with respect to the Fixed Rate Loan Group. During a
Delinquency Trigger Event, overcollateralization will not be released.
Note: Percentages may not add to 100.00% due to rounding.
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.
[LOGO]
4
<PAGE>
CONTIMORTGAGE HOME EQUITY LOAN TRUST 1998-4
Computational Materials
Fixed Rate Loan Group Cumulative Realized Loss Trigger Event:
O A Fixed Rate Loan Group Cumulative Realized Loss Trigger Event occurs on
any date of determination if the amount of Cumulative Realized Losses for
the Fixed Rate Loan Group expressed as a percentage of the original loan
balance of Fixed Rate Loan Group equals or exceeds the following amounts:
Date Percentages
---- -----------
January 1999- December 2000 1.05%
January 2001- December 2001 1.80%
January 2002- December 2002 2.40%
January 2003- December 2003 2.85%
January 2004 and thereafter 3.00%
o Upon the occurrence and during the continuance of a Fixed Rate Loan Group
Cumulative Realized Loss Trigger Event, the Fixed Rate Loan Group
overcollateralization amount shall increase to 3.6% of the original
balance of the Fixed Rate Loan Group.
Note: Percentages may not add to 100.00% due to rounding.
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.
[LOGO]
5
<PAGE>
CONTIMORTGAGE HOME EQUITY LOAN TRUST 1998-4
Computational Materials
- -------------------------------------------------------------------------------
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
- -------------------------------------------------------------------------------
Lien Position: 94.82% first / 5.18% second
- -------------------------------------------------------------------------------
WA Original LTV Ratio: 76.45%
- -------------------------------------------------------------------------------
WA Original CLTV Ratio: 79.29%
- -------------------------------------------------------------------------------
WA Debt to Income Ratio: 37.34%
- -------------------------------------------------------------------------------
Credit Grade: 66.06% A
- -------------------------------------------------------------------------------
21.47% B
- -------------------------------------------------------------------------------
10.60% C
- -------------------------------------------------------------------------------
1.86% D
- -------------------------------------------------------------------------------
Documentation: 91.55% full documentation
- -------------------------------------------------------------------------------
5.17% limited documentation
- -------------------------------------------------------------------------------
3.28% no documentation
- -------------------------------------------------------------------------------
Property Type: 86.58% single family detached
- -------------------------------------------------------------------------------
5.77% 2-4 family
- -------------------------------------------------------------------------------
3.17% manufactured housing
- -------------------------------------------------------------------------------
1.87% single family attached
- -------------------------------------------------------------------------------
1.62% PUD
- -------------------------------------------------------------------------------
0.75% condo
- -------------------------------------------------------------------------------
0.25% mixed use
- -------------------------------------------------------------------------------
Owner Occupancy: 94.12% owner occupied, 5.88% investor
owned
- -------------------------------------------------------------------------------
Loan Purpose: 49.79% debt consolidation
- -------------------------------------------------------------------------------
23.96% cash-out refinance
- -------------------------------------------------------------------------------
9.21% purchase
- -------------------------------------------------------------------------------
6.02% rate & term refinance
- -------------------------------------------------------------------------------
2.82% home improvement
- -------------------------------------------------------------------------------
8.20% other
- -------------------------------------------------------------------------------
Geographic Distribution: MI (9.97%), OH (9.51%), IL (7.46%)
- -------------------------------------------------------------------------------
(all states (Greter than) = 5.00%) PA (6.47%),FL (6.12%), CA (5.04%)
- -------------------------------------------------------------------------------
Note: Percentages may not add to 100.00% due to rounding.
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.
[LOGO]
6
<PAGE>
CONTIMORTGAGE HOME EQUITY LOAN TRUST 1998-4
Computational Materials
- --------------------------------------------------------------------------------
State Distribution
- --------------------------------------------------------------------------------
Number of Home Aggregate Loan % of Aggregate Loan
State Equity Loans Balance Balance
- --------------------------------------------------------------------------------
Alaska 1 40,000.00 0
- --------------------------------------------------------------------------------
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
- --------------------------------------------------------------------------------
Florida 779 49,125,181.93 6.12
- --------------------------------------------------------------------------------
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
- --------------------------------------------------------------------------------
Louisiana 207 10,462,974.44 1.3
- --------------------------------------------------------------------------------
Maine 30 1,791,946.35 0.22
- --------------------------------------------------------------------------------
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 1.8
- --------------------------------------------------------------------------------
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 12,470 802,634,679.00 100.00
- --------------------------------------------------------------------------------
Note: Percentages may not add to 100.00% due to rounding.
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.
[LOGO]
7
<PAGE>
CONTIMORTGAGE HOME EQUITY LOAN TRUST 1998-4
Computational Materials
- --------------------------------------------------------------------------------
Original Combined Loan to Value Ratio
- --------------------------------------------------------------------------------
Number of Home Aggregate Loan % of Aggregate
Range of Original CLTV's Equity Loans Balance Loan Balance
- --------------------------------------------------------------------------------
0.01 - 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
- --------------------------------------------------------------------------------
Note: Percentages may not add to 100.00% due to rounding.
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.
[LOGO]
8
<PAGE>
CONTIMORTGAGE HOME EQUITY LOAN TRUST 1998-4
Computational Materials
- -------------------------------------------------------------------------------
Original LTV Distribution
- -------------------------------------------------------------------------------
Number of Home Aggregate Loan % of Aggregate
Range of Original LTV's Equity Loans Balance Loan Balance
- --------------------------------------------------------------------------------
0.01 - 10.00 53 857,060.41 0.11
- --------------------------------------------------------------------------------
10.01 - 15.00 270 5,561,109.03 0.69
- --------------------------------------------------------------------------------
15.01 - 20.00 354 8,686,012.41 1.08
- -------------------------------------------------------------------------------
20.01 - 25.00 298 8,890,990.48 1.11
- -------------------------------------------------------------------------------
25.01 - 30.00 224 7,578,854.13 0.94
- -------------------------------------------------------------------------------
30.01 - 35.00 172 6,114,266.36 0.76
- -------------------------------------------------------------------------------
35.01 - 40.00 178 6,744,167.74 0.84
- -------------------------------------------------------------------------------
40.01 - 45.00 170 7,268,210.80 0.91
- -------------------------------------------------------------------------------
45.01 - 50.00 301 12,123,056.20 1.51
- -------------------------------------------------------------------------------
50.01 - 55.00 221 10,779,462.04 1.34
- -------------------------------------------------------------------------------
55.01 - 60.00 345 17,859,949.44 2.23
- -------------------------------------------------------------------------------
60.01 - 65.00 500 27,614,523.00 3.44
- -------------------------------------------------------------------------------
65.01 - 70.00 803 46,206,106.15 5.76
- -------------------------------------------------------------------------------
70.01 - 75.00 1,334 84,852,894.17 10.57
- -------------------------------------------------------------------------------
75.01 - 80.00 2,943 204,649,543.77 25.50
- -------------------------------------------------------------------------------
80.01 - 85.00 2,208 170,665,988.58 21.26
- -------------------------------------------------------------------------------
85.01 - 90.00 2,008 168,526,780.24 21.00
- -------------------------------------------------------------------------------
90.01 - 95.00 88 7,655,704.05 0.95
- -------------------------------------------------------------------------------
TOTAL 12,470 802,634,679.00 100.00
- -------------------------------------------------------------------------------
Note: Percentages may not add to 100.00% due to rounding.
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.
[LOGO]
9
<PAGE>
CONTIMORTGAGE HOME EQUITY LOAN TRUST 1998-4
Computational Materials
- -------------------------------------------------------------------------------
Coupon Rate Distribution
- -------------------------------------------------------------------------------
Number of Home Aggregate Loan % of Aggregate
Range of Coupon Rates Equity Loans Balance Loan Balance
- --------------------------------------------------------------------------------
6.01 - 6.50 1 99,905.11 0.01
- -------------------------------------------------------------------------------
6.51 - 7.00 1 62,294.32 0.01
- -------------------------------------------------------------------------------
7.01 - 7.50 36 3,337,191.38 0.42
- -------------------------------------------------------------------------------
7.51 - 8.00 157 13,559,275.72 1.69
- -------------------------------------------------------------------------------
8.01 - 8.50 428 36,285,718.13 4.52
- -------------------------------------------------------------------------------
8.51 - 9.00 1,079 87,345,519.85 10.88
- -------------------------------------------------------------------------------
9.01 - 9.50 1,133 85,777,374.98 10.69
- -------------------------------------------------------------------------------
9.51 - 10.00 2,121 153,060,450.53 19.07
- -------------------------------------------------------------------------------
10.01 - 10.50 1,646 107,539,563.36 13.4
- -------------------------------------------------------------------------------
10.51 - 11.00 1,816 113,038,873.58 14.08
- -------------------------------------------------------------------------------
11.01 - 11.50 1,050 61,170,121.48 7.62
- -------------------------------------------------------------------------------
11.51 - 12.00 1,089 58,883,216.64 7.34
- -------------------------------------------------------------------------------
12.01 - 12.50 608 28,439,670.78 3.54
- -------------------------------------------------------------------------------
12.51 - 13.00 551 24,875,464.62 3.1
- -------------------------------------------------------------------------------
13.01 - 13.50 262 10,757,613.29 1.34
- -------------------------------------------------------------------------------
13.51 - 14.00 234 9,278,101.07 1.16
- -------------------------------------------------------------------------------
14.01 - 14.50 92 3,364,120.08 0.42
- -------------------------------------------------------------------------------
14.51 - 15.00 70 2,784,939.96 0.35
- -------------------------------------------------------------------------------
15.01 - 15.50 18 565,524.38 0.07
- -------------------------------------------------------------------------------
15.51 - 16.00 45 1,515,168.94 0.19
- -------------------------------------------------------------------------------
16.01 - 16.50 19 513,105.80 0.06
- -------------------------------------------------------------------------------
16.51 - 17.00 11 293,246.47 0.04
- -------------------------------------------------------------------------------
17.01 - 17.50 2 43,053.90 0.01
- -------------------------------------------------------------------------------
17.51 - 18.00 1 45,164.63 0.01
- -------------------------------------------------------------------------------
TOTAL 12,470 802,634,679.00 100.00
- -------------------------------------------------------------------------------
Note: Percentages may not add to 100.00% due to rounding.
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.
[LOGO]
10
<PAGE>
CONTIMORTGAGE HOME EQUITY LOAN TRUST 1998-4
Computational Materials
- -------------------------------------------------------------------------------
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
- -------------------------------------------------------------------------------
- -------------------------------------------------------------------------------
Property Type
- -------------------------------------------------------------------------------
Number of Home Aggregate Loan % of Aggregate
Property Type Equity Loans Balance Loan Balance
- -------------------------------------------------------------------------------
Single Family Detached 10,874 694,945,756.60 86.58
- -------------------------------------------------------------------------------
2-4 Family Residence 595 46,299,775.77 5.77
- -------------------------------------------------------------------------------
Manufactured Housing 436 25,475,034.16 3.17
- -------------------------------------------------------------------------------
Single Family Attached 287 14,969,713.18 1.87
- -------------------------------------------------------------------------------
Planned Unit Development 158 12,977,784.98 1.62
- -------------------------------------------------------------------------------
Condominium 102 5,992,088.82 0.75
- -------------------------------------------------------------------------------
Mixed Use 18 1,974,525.49 0.25
- -------------------------------------------------------------------------------
TOTAL 12,470 802,634,679.00 100.00
- -------------------------------------------------------------------------------
Note: Percentages may not add to 100.00% due to rounding.
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.
[LOGO]
11
<PAGE>
CONTIMORTGAGE HOME EQUITY LOAN TRUST 1998-4
Computational Materials
- -------------------------------------------------------------------------------
Debt to Income Ratio
- -------------------------------------------------------------------------------
Range of Debt of Number of Home Aggregate Loan % of Aggregate
Income Ratio Equity Loans Balance Loan Balance
- -------------------------------------------------------------------------------
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
- -------------------------------------------------------------------------------
- -------------------------------------------------------------------------------
Months Remaining to Maturity
- -------------------------------------------------------------------------------
Range of Months Remaining Number of Home Aggregate Loan % of Aggregate
to Maturity Equity Loans Balance Loan Balance
- -------------------------------------------------------------------------------
49 - 60 16 321,463.02 0.04
- -------------------------------------------------------------------------------
61 - 120 395 12,755,825.29 1.59
- -------------------------------------------------------------------------------
121 - 180 5,592 326,184,210.37 40.64
- -------------------------------------------------------------------------------
181 - 240 1,290 70,402,337.36 8.77
- -------------------------------------------------------------------------------
241 - 300 146 8,995,946.94 1.12
- -------------------------------------------------------------------------------
301 - 360 5,031 383,974,896.02 47.84
- -------------------------------------------------------------------------------
TOTAL 12,470 802,634,679.00 100.00
- -------------------------------------------------------------------------------
Note: Percentages may not add to 100.00% due to rounding.
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.
[LOGO]
12
<PAGE>
CONTIMORTGAGE HOME EQUITY LOAN TRUST 1998-4
Computational Materials
- -------------------------------------------------------------------------------
Months of Original Term
- -------------------------------------------------------------------------------
Range of Months of Number of Home Aggregate Loan % of Aggregate
Original Term Equity Loans Balance Loan Balance
- -------------------------------------------------------------------------------
49 - 60 16 321,463.02 0.04
- -------------------------------------------------------------------------------
61 - 120 383 12,256,232.80 1.53
- -------------------------------------------------------------------------------
121 - 180 5,604 326,683,802.86 40.7
- -------------------------------------------------------------------------------
181 - 240 1,290 70,402,337.36 8.77
- -------------------------------------------------------------------------------
241 - 300 146 8,995,946.94 1.12
- -------------------------------------------------------------------------------
301 - 360 5,031 383,974,896.02 47.84
- -------------------------------------------------------------------------------
TOTAL 12,470 802,634,679.00 100.00
- -------------------------------------------------------------------------------
- -------------------------------------------------------------------------------
Loan Type Distribution
- -------------------------------------------------------------------------------
Number of Home Aggregate Loan % of Aggregate
Loan Type Equity Loans Balance Loan Balance
- -------------------------------------------------------------------------------
Balloons 3,532 235,549,666.55 29.35%
- -------------------------------------------------------------------------------
Non-Balloons 8,938 567,085,012.45 70.65%
- -------------------------------------------------------------------------------
TOTAL 12,470 802,634,679.00 100.00%
- -------------------------------------------------------------------------------
- -------------------------------------------------------------------------------
Loan Purpose Distribution
- -------------------------------------------------------------------------------
Number of Home Aggregate Loan % of Aggregate
Loan Purpose Equity Loans Balance Loan Balance
- -------------------------------------------------------------------------------
Debt Consolidation 6,376 339,594,592.58 49.79%
- -------------------------------------------------------------------------------
Cash-Out Refinance 3,075 192,326,018.32 23.96%
- -------------------------------------------------------------------------------
Rate & Term Refinance 696 48,333,563.85 6.02%
- -------------------------------------------------------------------------------
Purchase 980 73,899,920.44 9.21%
- -------------------------------------------------------------------------------
Home Improvement 340 22,632,188.76 2.82%
- -------------------------------------------------------------------------------
Other 1,003 65,848,395.05 8.20%
- -------------------------------------------------------------------------------
TOTAL 12,470 802,634,679.00 100.00%
- -------------------------------------------------------------------------------
Note: Percentages may not add to 100.00% due to rounding.
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.
[LOGO]
13
<PAGE>
CONTIMORTGAGE HOME EQUITY LOAN TRUST 1998-4
Computational Materials
- -------------------------------------------------------------------------------
Seasoning Distribution
- -------------------------------------------------------------------------------
Number of Home Aggregate Loan % of Aggregate
Range of Months of Seasoning Equity Loans Balance Loan Balance
- -------------------------------------------------------------------------------
0 - 6 12,330 794,589,526.69 99.00%
- -------------------------------------------------------------------------------
7 - 12 96 5,694,009.45 0.71%
- -------------------------------------------------------------------------------
13 - 24 30 1,653,346.75 0.21%
- -------------------------------------------------------------------------------
25 - 36 2 198,473.62 0.02%
- -------------------------------------------------------------------------------
36 + 12 499,592.49 0.06%
- -------------------------------------------------------------------------------
TOTAL 12,470 802,634,679.00 100.00%
- -------------------------------------------------------------------------------
- -------------------------------------------------------------------------------
Credit Rating Distribution
- -------------------------------------------------------------------------------
Number of Home Aggregate Loan % of Aggregate
Credit Rating Equity Loans Balance Loan Balance
- -------------------------------------------------------------------------------
A 7,644 530,242,182.28 66.06
- -------------------------------------------------------------------------------
B 2,835 172,346,976.64 21.47
- -------------------------------------------------------------------------------
C 1,600 85,079,113.20 10.60
- -------------------------------------------------------------------------------
D 391 14,966,406.88 1.86
- -------------------------------------------------------------------------------
TOTAL 12,470 802,634,679.00 100.00
- -------------------------------------------------------------------------------
- -------------------------------------------------------------------------------
Occupancy Status
- -------------------------------------------------------------------------------
Number of Home Aggregate Loan % of Aggregate
Occupancy Status Equity Loans Balance Loan Balance
- -------------------------------------------------------------------------------
Owner Occupied 11,587 755,427,070.01 94.12
- -------------------------------------------------------------------------------
Investor Owned 883 47,207,608.99 5.88
- -------------------------------------------------------------------------------
TOTAL 12,470 802,634,679.00 100.00
- -------------------------------------------------------------------------------
Note: Percentages may not add to 100.00% due to rounding.
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.
[LOGO]
14
<PAGE>
CONTIMORTGAGE HOME EQUITY LOAN TRUST 1998-4
Computational Materials
- -------------------------------------------------------------------------------
Documentation Type Distribution
- -------------------------------------------------------------------------------
Number of Home Aggregate Loan % of Aggregate
Documentation Type Equity Loans Balance Loan Balance
- -------------------------------------------------------------------------------
Full Documentation 11,580 734,839,460.11 91.55
- -------------------------------------------------------------------------------
Limited Documentation 531 41,507,348.03 5.17
- -------------------------------------------------------------------------------
No Documentation 359 26,287,870.86 3.28
- -------------------------------------------------------------------------------
TOTAL 12,470 802,634,679.00 100.00
- -------------------------------------------------------------------------------
- -------------------------------------------------------------------------------
Days Delinquent Distribution
- -------------------------------------------------------------------------------
Number of Home Aggregate Loan % of Aggregate
Days Delinquent Equity Loans Balance Loan Balance
- -------------------------------------------------------------------------------
0 - 29 12,186 785,156,198.39 97.83
- -------------------------------------------------------------------------------
30 - 59 269 16,702,938.54 2.08
- -------------------------------------------------------------------------------
60 - 89 15 775,542.07 0.10
- -------------------------------------------------------------------------------
TOTAL 12,470 802,634,679.00 100.00
- -------------------------------------------------------------------------------
- -------------------------------------------------------------------------------
Lien Position Distribution
- -------------------------------------------------------------------------------
Number of Home Aggregate Loan % of Aggregate
Lien Position Equity Loans Balance Loan Balance
- -------------------------------------------------------------------------------
First Lien 11,085 761,064,667.83 94.82
- -------------------------------------------------------------------------------
Second Lien 1,385 41,570,011.17 5.18
- -------------------------------------------------------------------------------
TOTAL 12,470 802,634,679.00 100.00
- -------------------------------------------------------------------------------
Note: Percentages may not add to 100.00% due to rounding.
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.
[LOGO]
15
<PAGE>
CONTIMORTGAGE HOME EQUITY LOAN TRUST 1998-4
Computational Materials
Average Life Sensitivity Tables (To Maturity)
<TABLE>
<CAPTION>
PPC 0% PPC 35% PPC 65% PPC 100% PPC 130% PPC 150% PPC 175% PPC 200%
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Class A-F
Average Life: 16.09 8.74 5.90 4.14 3.25 2.82 2.41 2.08
Mod. Duration: 9.00 5.74 4.27 3.23 2.65 2.36 2.06 1.81
First Prin Pay: 1/99 1/99 1/99 1/99 1/99 1/99 1/99 1/99
Last Prin Pay: 10/28 2/28 10/24 4/18 3/14 3/13 1/11 5/09
Window (mos.) 358 350 310 232 183 171 145 125
Class B-F
Average Life: 22.47 14.39 9.89 6.93 5.39 4.75 4.21 3.87
Mod. Duration: 9.12 7.56 6.07 4.77 3.99 3.63 3.32 3.12
First Prin Pay: 10/13 2/07 11/03 4/02 1/02 1/02 1/02 2/02
Last Prin Pay: 3/28 8/23 6/16 10/12 9/09 3/08 10/06 9/05
Window (mos.) 174 199 152 127 93 75 58 44
</TABLE>
Average Life Sensitivity Tables (To Call)
<TABLE>
<CAPTION>
PPC 0% PPC 35% PPC 65% PPC 100% PPC 130% PPC 150% PPC 175% PPC 200%
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Class A-F
Average Life 15.98 8.30 5.65 3.86 3.01 2.61 2.23 1.93
Mod. Duration: 8.99 5.64 4.19 3.11 2.53 2.24 1.95 1.71
First Prin Pay 1/99 1/99 1/99 1/99 1/99 1/99 1/99 1/99
Last Prin Pay 9/26 4/17 5/13 11/08 8/06 7/05 7/04 9/03
Window (mos.) 333 220 173 119 92 79 67 57
Class B-F
Average Life 22.33 13.85 9.73 6.61 5.14 4.53 4.03 3.71
Mod. Duration: 9.11 7.47 6.03 4.66 3.88 3.52 3.22 3.02
First Prin Pay 10/13 2/07 11/03 4/02 1/02 1/02 1/02 2/02
Last Prin Pay 9/26 4/17 5/13 11/08 8/06 7/05 7/04 9/03
Window (mos.) 156 123 115 80 56 43 31 20
</TABLE>
Note: Percentages may not add to 100.00% due to rounding.
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.
[LOGO]
16
<PAGE>
CONTIMORTGAGE HOME EQUITY LOAN TRUST 1998-4
Computational Materials
<TABLE>
<CAPTION>
PPC 0% PPC 35% PPC 65% PPC 100% PPC 130% PPC 150% PPC 175% PPC 200%
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Class A-F
(To Maturity)
Initial Percent 100 100 100 100 100 100 100 100
12/15/99 97 92 88 82 78 75 71 68
12/15/00 95 84 74 63 55 49 43 37
12/15/01 94 76 62 49 38 32 25 19
12/15/02 93 69 53 38 29 23 18 13
12/15/03 91 63 44 30 21 16 11 8
12/15/04 89 57 38 23 15 11 7 5
12/15/05 87 51 32 18 11 8 5 3
12/15/06 85 46 27 14 8 5 3 1
12/15/07 83 41 23 11 6 4 2 1
12/15/08 80 37 20 9 4 2 1 0
12/15/09 78 34 17 7 3 1 0 0
12/15/10 75 30 14 5 2 1 0 0
12/15/11 72 27 12 4 1 0 0 0
12/15/12 68 24 10 3 1 0 0 0
12/15/13 40 14 5 1 0 0 0 0
12/15/14 38 12 4 1 0 0 0 0
12/15/15 36 11 4 0 0 0 0 0
12/15/16 34 9 3 0 0 0 0 0
12/15/17 32 8 2 0 0 0 0 0
12/15/18 29 7 2 0 0 0 0 0
12/15/19 27 6 1 0 0 0 0 0
12/15/20 25 5 1 0 0 0 0 0
12/15/21 23 4 1 0 0 0 0 0
12/15/22 21 4 0 0 0 0 0 0
12/15/23 18 3 0 0 0 0 0 0
12/15/24 15 2 0 0 0 0 0 0
12/15/25 12 1 0 0 0 0 0 0
12/15/26 8 1 0 0 0 0 0 0
12/15/27 4 0 0 0 0 0 0 0
12/15/28 0 0 0 0 0 0 0 0
Average Life: 16.09 8.74 5.90 4.14 3.25 2.82 2.41 2.08
First Prin Pay: 1/99 1/99 1/99 1/99 1/99 1/99 1/99 1/99
Last Prin Pay: 10/28 2/28 10/24 4/18 3/14 3/13 1/11 5/09
</TABLE>
Note: Percentages may not add to 100.00% due to rounding.
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.
[LOGO]
17
<PAGE>
CONTIMORTGAGE HOME EQUITY LOAN TRUST 1998-4
Computational Materials
<TABLE>
<CAPTION>
PPC 0% PPC 35% PPC 65% PPC 100% PPC 130% PPC 150% PPC 175% PPC 200%
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Class B-F
(to Maturity)
Initial Percent 100 100 100 100 100 100 100 100
12/15/99 100 100 100 100 100 100 100 100
12/15/00 100 100 100 100 100 100 100 100
12/15/01 100 100 100 100 100 100 100 100
12/15/02 100 100 100 84 63 52 39 30
12/15/03 100 100 98 66 46 36 25 15
12/15/04 100 100 84 52 33 24 13 5
12/15/05 100 100 71 41 24 14 5 0
12/15/06 100 100 61 32 15 6 0 0
12/15/07 100 92 51 25 8 1 0 0
12/15/08 100 83 43 18 3 0 0 0
12/15/09 100 75 37 12 0 0 0 0
12/15/10 100 67 31 7 0 0 0 0
12/15/11 100 60 26 3 0 0 0 0
12/15/12 100 53 21 0 0 0 0 0
12/15/13 88 30 6 0 0 0 0 0
12/15/14 84 27 3 0 0 0 0 0
12/15/15 80 24 1 0 0 0 0 0
12/15/16 75 20 0 0 0 0 0 0
12/15/17 70 16 0 0 0 0 0 0
12/15/18 65 12 0 0 0 0 0 0
12/15/19 61 9 0 0 0 0 0 0
12/15/20 56 7 0 0 0 0 0 0
12/15/21 51 4 0 0 0 0 0 0
12/15/22 45 2 0 0 0 0 0 0
12/15/23 39 0 0 0 0 0 0 0
12/15/24 33 0 0 0 0 0 0 0
12/15/25 26 0 0 0 0 0 0 0
12/15/26 16 0 0 0 0 0 0 0
12/15/27 3 0 0 0 0 0 0 0
12/15/28 0 0 0 0 0 0 0 0
Average Life: 22.47 14.39 9.89 6.93 5.39 4.75 4.21 3.87
First Prin Pay: 10/13 2/07 11/03 4/02 1/02 1/02 1/02 2/02
Last Prin Pay: 3/28 8/23 6/16 10/12 9/09 3/08 10/06 9/05
</TABLE>
Note: Percentages may not add to 100.00% due to rounding.
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.
[LOGO]
18
<PAGE>
Revised Computational Materials
$1,049,318,000
(Approximate)
ContiMortgage Home Equity Loan Trust
1998-4
Note: Percentages may not add to 100.00% due to rounding.
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.
[LOGO]
<PAGE>
CONTIMORTGAGE HOME EQUITY LONG TRUST 1998-4
Computational Materials
REVISED TERM SHEET DATED DECEMBER 1, 1998
ContiMortgage Home Equity Loan Trust 1998-4
$1,049,318,000 (Approximate)
ContiMortgage
Seller and Servicer
ContiWest Corporation
Seller
ContiSecurities Asset Funding Corp.
Depositor
Transaction Highlights
<TABLE>
<CAPTION>
Average
Expected Ratings Life Payment Final
Class Class Size Tranche Type (Moody's/S&P/Fitch) (years)(1) Window(1) Maturity Date
- ----------- -------------- ------------------ ------------------- ---------- ---------------- -------------
<S> <C> <C> <C> <C> <C> <C>
A-F $1,000,000,000 Fixed Pass Through Aaa/AAA/AAA 3.01 92 01/99 - 08/06 [12/29]
B-F 49,318,000 Fixed Subordinate Baa2/BBB-/BBB 5.14 56 01/02 - 08/06 [12/29]
Total $1,049,318,000 -- -- -- --
- -----------
(1)Run to 10% call. See "Pricing Prepayment Speed" below.
Trustee: Manufacturers and Traders Trust Company
Managers: Credit Suisse First Boston (Sole manager)
Structure: The Fixed Rate Loan Group consists of agency
eligible fixed rate collateral and will support
Class A-F and Class B-F.
Pricing Prepayment Speed: 130% of the prepayment assumption (the "FRM PPC")
will be applied to the Fixed Rate Collateral for
pricing purposes. 130% PPC for the Fixed Rate
Collateral describes prepayments starting at 5.2%
CPR in month 1, increasing by 1.8909% CPR per month
to 26% CPR in month 12, and remaining at 26% CPR
thereafter.
Statistical Calculation Close of Business November 16, 1998.
Date:
Cut-Off Date: Close of Business December 7, 1998.
Expected Pricing Date: Thursday, December 3, 1998 or Friday, December 4,
1998.
Expected Settlement: December 17, 1998 through DTC, Euroclear or CEDEL.
Accrued Interest: 9 days of accrued interest (from December 8, 1998).
Distribution Dates: The 15th of each month, beginning January, 1999.
AAA Credit Enhancement: MBIA Guarantee on Class A-F Certificates, 4.70%
Class B-F Certificates, 2.30% targeted
overcollateralization and excess spread.
Optional Call: 10% Clean-up call.
Note: Percentages may not add to 100.00% due to rounding.
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.
[LOGO]
1
<PAGE>
CONTIMORTGAGE HOME EQUITY LONG TRUST 1998-4
Computational Materials
Available Funds Cap: Fixed Rate Loan Group Available Funds Cap (B-F
Certificates)
The above Certificates will be subject to an
available funds cap equal to the weighted average
coupon rate of the Fixed Rate Loan Group collateral
less an amount, expressed as an annual percentage
rate across the aggregate Fixed Rate Loan Group
collateral pool balance, equal to the sum of the
Servicing Fee, the Trustee Fee, the Certificate
Insurer Fee, in each case due with respect to the
related period.
Tax Status: REMIC.
ERISA Eligibility: The Class A-F Certificates are ERISA eligible. The
Class B-F Certificates are not ERISA eligible.
SMMEA Eligibility: None of the offered certificates are SMMEA eligible.
Note: Percentages may not add to 100.00% due to rounding.
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.
[LOGO]
2
<PAGE>
CONTIMORTGAGE HOME EQUITY LONG TRUST 1998-4
Computational Materials
Credit Enhancement
Class A-F Credit Enhancement:
1. Excess spread;
2. Overcollateralization building up to a requirement of 2.30% of the
original loan balance of the Fixed Rate Loan Group;
3. Subordination of Class B-F certificates, initially totaling 4.70% of
the original loan balance of the Fixed Rate Loan Group;
4. MBIA surety wrap.
Class B-F Credit Enhancement:
1. Excess spread;
2. Overcollateralization building up to a requirement of 2.30% of the
original loan balance of the Fixed Rate Loan Group.
(1) Excess Spread
o Excess spread will generally equal the difference between the interest
payments received on the aggregate home equity loans in the Fixed Rate
Loan Group net of the Servicing Fee, Certificate Insurer Fee, Trustee Fee,
and Certificate Interest.
(2) Overcollateralization
1. Before the Stepdown Date, overcollateralization initially builds to
2.30% of the original loan balance of the Fixed Rate Loan Group
(subject to rating agency and MBIA performance triggers);
2. On and after the Stepdown Date, and so long as no trigger event is in
effect, the overcollateralization will step down monthly to 4.60% of
the outstanding loan balance of the Fixed Rate Loan Group;
3. The overcollateralization step down will be subject to a floor of
0.50% of the original loan balance of the Fixed Rate Loan Group
(subject to rating agency and MBIA trigger events);
4. There will be no funding of the overcollateralization for the first 4
months of the transaction (until May 1999).
(3) Subordination
o There will be a Class B-F Certificate in the amount of 4.70% of the
original loan balance of the Fixed Rate Loan Group to provide credit
enhancement to the Class A-F Certificates.
(4) Surety Wrap
o The Class A-F Certificates will have the benefit of an insurance
guarantee with respect to the timely payment of interest and the ultimate
payment of principal issued by MBIA.
Note: Percentages may not add to 100.00% due to rounding.
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.
[LOGO]
3
<PAGE>
CONTIMORTGAGE HOME EQUITY LONG TRUST 1998-4
Computational Materials
Cashflow Priority
o Interest and Principal Collections from the Fixed Rate Loan Group (net of
Servicing, Certificate Insurer, and Trustee Fees) will be allocated in the
following priority prior to the Stepdown Date if no trigger event is in
effect:
1. Current Interest and Carry-Forward Interest to the Class A-F
Certificates;
2. Current Interest to the Class B-F Certificates;
3. The Class A-F principal distribution amount based on the applicable
targeted credit enhancement to the Class A-F Certificates;
4. Once Class A-F Certificates have been retired, remaining principal
distributions to the Class B-F Certificate until retired;
5. Class B-F Interest Carry Forward Amount;
6. Unpaid Class B-F Realized Loss Amortization Amounts.
o Interest and Principal Collections from the Fixed Rate Loan Group (net of
Servicing, Certificate Insurer, and Trustee Fees) will be allocated in the
following priority on and after the Stepdown Date if no trigger event is
in effect:
1. Current Interest and Carry-Forward Interest to the Class A-F
Certificates;
2. Current Interest to the Class B-F Certificates;
3. The Class A-F principal distribution amount based on the applicable
targeted credit enhancement to the Class A-F Certificates;
4. The Class B-F principal distribution amount based on the applicable
targeted credit enhancement to the Class B-F Certificate;
5. Class B-F Interest Carry Forward Amount;
6. Unpaid Class B-F Realized Loss Amortization Amounts.
Note: Interest will not accrue or be payable on any written down amounts
with respect to the Class B-F Certificates.
Note: Percentages may not add to 100.00% due to rounding.
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.
[LOGO]
4
<PAGE>
CONTIMORTGAGE HOME EQUITY LONG TRUST 1998-4
Computational Materials
Target Credit Enhancement for the Fixed Rate Loan Group on and after the
Stepdown date assuming no Delinquency Trigger Event is in effect:
o Pay Class A-F Certificates and Class B-F Certificates pro-rata in
accordance with the enhancement targets, equal to 2.0 times the initial
enhancement for each class:
Target Credit Enhancement
Targeted % of Pool -------------------------
------------------
Class A-F 86.00% 14.00%
Class B-F 9.40% 4.60%
Overcollateralization 4.60%
-----
100.00%
Fixed Rate Loan Group Stepdown Date:
o The earlier to occur of: (i) the later of (x) the 37th Payment Date
(January 2002) and (y) the first Payment Date on which the Class A-F
Enhancement Percentage is at least 14.00% and (ii) when the Class A-F
Certificates are retired.
Class A-F Principal Distribution Amount:
o Before the Stepdown Date, the Class A-F Certificates receive 100% of the
collateral principal collections and the excess spread to build to a
required overcollateralization target of 2.30%. After the Stepdown Date,
the Class A-F Certificates receive principal distributions to maintain
14.00% credit enhancement (assuming no Trigger Event is in effect).
Class A-F Enhancement Percentage:
o Percentage equivalent of a fraction, the numerator of which is the excess
of (x) the outstanding loan balance of the Fixed Rate Loan Group for such
Payment Date over (y) the Class A-F Certificate Principal Balance after
taking into account the payment of the Class A-F Principal Distribution
Amount on such Payment Date, assuming that no Delinquency Trigger Event is
in effect and the denominator of which is the outstanding loan balance of
the Fixed Rate Loan Group.
Fixed Rate Loan Group Delinquency Trigger:
o After the Stepdown Date, a Fixed Rate Loan Group Delinquency Trigger
Event has occurred if on any Payment Date [85.25%] of the 3-month rolling
average 60+ Day Delinquencies (including Bankruptcies, Foreclosures and
REO properties) with respect to the Fixed Rate Loan Group equals or
exceeds the Class A-F Enhancement Percentage (14.00% = 2.00 X 7.00%);
i.e., when the 3-month rolling average of 60+ Day Delinquencies with
respect to the Fixed Rate Loan Group equals or exceeds [16.42%] (14.00% /
[85.25%]).
o If a Fixed Rate Loan Group Delinquency Trigger Event is in effect, the
Class A-F Certificates will receive 100% of all principal until the credit
enhancement equals or exceeds [85.25%] of the 3 Month Rolling Average of
60+ Day Delinquencies with respect to the Fixed Rate Loan Group. During a
Delinquency Trigger Event, overcollateralization will not be released.
Note: Percentages may not add to 100.00% due to rounding.
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.
[LOGO]
5
<PAGE>
CONTIMORTGAGE HOME EQUITY LONG TRUST 1998-4
Computational Materials
Fixed Rate Loan Group Cumulative Realized Loss Trigger Event:
o A Fixed Rate Loan Group Cumulative Realized Loss Trigger Event occurs on
any date of determination if the amount of Cumulative Realized Losses for
the Fixed Rate Loan Group expressed as a percentage of the original loan
balance of Fixed Rate Loan Group equals or exceeds the following amounts:
Date Percentages
---- -----------
January 1999- December 2000 1.05%
January 2001- December 2001 1.80%
January 2002- December 2002 2.40%
January 2003- December 2003 2.85%
January 2004 and thereafter 3.00%
o Upon the occurrence and during the continuance of a Fixed Rate Loan Group
Cumulative Realized Loss Trigger Event, the Fixed Rate Loan Group
overcollateralization amount shall increase to 3.6% of the original
balance of the Fixed Rate Loan Group.
Note: Percentages may not add to 100.00% due to rounding.
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.
[LOGO]
6
<PAGE>
CONTIMORTGAGE HOME EQUITY LONG TRUST 1998-4
Computational Materials
Average Life Sensitivity Tables (To Maturity)
</TABLE>
<TABLE>
<CAPTION>
PPC 0% PPC 35% PPC 65% PPC 100% PPC 130% PPC 150% PPC 175% PPC 200%
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Class A-F
Average Life: 16.09 8.74 5.90 4.14 3.25 2.82 2.41 2.08
Mod. Duration: 9.00 5.74 4.27 3.23 2.65 2.36 2.06 1.81
First Prin Pay: 1/99 1/99 1/99 1/99 1/99 1/99 1/99 1/99
Last Prin Pay: 10/28 2/28 10/24 4/18 3/14 3/13 1/11 5/09
Window (mos.) 358 350 310 232 183 171 145 125
Class B-F
Average Life: 22.47 14.39 9.89 6.93 5.39 4.75 4.21 3.87
Mod. Duration: 9.12 7.56 6.07 4.77 3.99 3.63 3.32 3.12
First Prin Pay: 10/13 2/07 11/03 4/02 1/02 1/02 1/02 2/02
Last Prin Pay: 3/28 8/23 6/16 10/12 9/09 3/08 10/06 9/05
Window (mos.) 174 199 152 127 93 75 58 44
<CAPTION>
Average Life Sensitivity Tables (To Call)
PPC 0% PPC 35% PPC 65% PPC 100% PPC 130% PPC 150% PPC 175% PPC 200%
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Class A-F
Average Life 15.98 8.30 5.65 3.86 3.01 2.61 2.23 1.93
Mod. Duration: 8.99 5.64 4.19 3.11 2.53 2.24 1.95 1.71
First Prin Pay 1/99 1/99 1/99 1/99 1/99 1/99 1/99 1/99
Last Prin Pay 9/26 4/17 5/13 11/08 8/06 7/05 7/04 9/03
Window (mos.) 333 220 173 119 92 79 67 57
Class B-F
Average Life 22.33 13.85 9.73 6.61 5.14 4.53 4.03 3.71
Mod. Duration: 9.11 7.47 6.03 4.66 3.88 3.52 3.22 3.02
First Prin Pay 10/13 2/07 11/03 4/02 1/02 1/02 1/02 2/02
Last Prin Pay 9/26 4/17 5/13 11/08 8/06 7/05 7/04 9/03
Window (mos.) 156 123 115 80 56 43 31 20
Note: Percentages may not add to 100.00% due to rounding.
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.
[LOGO]
7
<PAGE>
CONTIMORTGAGE HOME EQUITY LONG TRUST 1998-4
Computational Materials
</TABLE>
<TABLE>
<CAPTION>
PPC 0% PPC 35% PPC 65% PPC 100% PPC 130% PPC 150% PPC 175% PPC 200%
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Class A-F
(To Maturity)
Initial Percent 100 100 100 100 100 100 100 100
12/15/99 97 92 88 82 78 75 71 68
12/15/00 95 84 74 63 55 49 43 37
12/15/01 94 76 62 49 38 32 25 19
12/15/02 93 69 53 38 29 23 18 13
12/15/03 91 63 44 30 21 16 11 8
12/15/04 89 57 38 23 15 11 7 5
12/15/05 87 51 32 18 11 8 5 3
12/15/06 85 46 27 14 8 5 3 1
12/15/07 83 41 23 11 6 4 2 1
12/15/08 80 37 20 9 4 2 1 0
12/15/09 78 34 17 7 3 1 0 0
12/15/10 75 30 14 5 2 1 0 0
12/15/11 72 27 12 4 1 0 0 0
12/15/12 68 24 10 3 1 0 0 0
12/15/13 40 14 5 1 0 0 0 0
12/15/14 38 12 4 1 0 0 0 0
12/15/15 36 11 4 0 0 0 0 0
12/15/16 34 9 3 0 0 0 0 0
12/15/17 32 8 2 0 0 0 0 0
12/15/18 29 7 2 0 0 0 0 0
12/15/19 27 6 1 0 0 0 0 0
12/15/20 25 5 1 0 0 0 0 0
12/15/21 23 4 1 0 0 0 0 0
12/15/22 21 4 0 0 0 0 0 0
12/15/23 18 3 0 0 0 0 0 0
12/15/24 15 2 0 0 0 0 0 0
12/15/25 12 1 0 0 0 0 0 0
12/15/26 8 1 0 0 0 0 0 0
12/15/27 4 0 0 0 0 0 0 0
12/15/28 0 0 0 0 0 0 0 0
Average Life: 16.09 8.74 5.90 4.14 3.25 2.82 2.41 2.08
First Prin Pay: 1/99 1/99 1/99 1/99 1/99 1/99 1/99 1/99
Last Prin Pay: 10/28 2/28 10/24 4/18 3/14 3/13 1/11 5/09
</TABLE>
Note: Percentages may not add to 100.00% due to rounding.
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.
[LOGO]
8
<PAGE>
CONTIMORTGAGE HOME EQUITY LONG TRUST 1998-4
Computational Materials
<TABLE>
<CAPTION>
PPC 0% PPC 35% PPC 65% PPC 100% PPC 130% PPC 150% PPC 175% PPC 200%
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Class B-F
(to Maturity)
Initial Percent 100 100 100 100 100 100 100 100
12/15/99 100 100 100 100 100 100 100 100
12/15/00 100 100 100 100 100 100 100 100
12/15/01 100 100 100 100 100 100 100 100
12/15/02 100 100 100 84 63 52 39 30
12/15/03 100 100 98 66 46 36 25 15
12/15/04 100 100 84 52 33 24 13 5
12/15/05 100 100 71 41 24 14 5 0
12/15/06 100 100 61 32 15 6 0 0
12/15/07 100 92 51 25 8 1 0 0
12/15/08 100 83 43 18 3 0 0 0
12/15/09 100 75 37 12 0 0 0 0
12/15/10 100 67 31 7 0 0 0 0
12/15/11 100 60 26 3 0 0 0 0
12/15/12 100 53 21 0 0 0 0 0
12/15/13 88 30 6 0 0 0 0 0
12/15/14 84 27 3 0 0 0 0 0
12/15/15 80 24 1 0 0 0 0 0
12/15/16 75 20 0 0 0 0 0 0
12/15/17 70 16 0 0 0 0 0 0
12/15/18 65 12 0 0 0 0 0 0
12/15/19 61 9 0 0 0 0 0 0
12/15/20 56 7 0 0 0 0 0 0
12/15/21 51 4 0 0 0 0 0 0
12/15/22 45 2 0 0 0 0 0 0
12/15/23 39 0 0 0 0 0 0 0
12/15/24 33 0 0 0 0 0 0 0
12/15/25 26 0 0 0 0 0 0 0
12/15/26 16 0 0 0 0 0 0 0
12/15/27 3 0 0 0 0 0 0 0
12/15/28 0 0 0 0 0 0 0 0
Average Life: 22.47 14.39 9.89 6.93 5.39 4.75 4.21 3.87
First Prin Pay: 10/13 2/07 11/03 4/02 1/02 1/02 1/02 2/02
Last Prin Pay: 3/28 8/23 6/16 10/12 9/09 3/08 10/06 9/05
</TABLE>
Note: Percentages may not add to 100.00% due to rounding.
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.
[LOGO]
9
<PAGE>
CONTIMORTGAGE HOME EQUITY LONG TRUST 1998-4
Computational Materials
Collateral Description
o Collateral statistics are based on a representative pool as of close of
business November 17, 1998 (the "Statistical Cut-Off Date"). The actual
statistics may vary.
- -------------------------------------------------------------------------------
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
- -------------------------------------------------------------------------------
Lien Position: 94.82% first / 5.18% second
- -------------------------------------------------------------------------------
WA Original LTV Ratio: 76.45%
- -------------------------------------------------------------------------------
WA Original CLTV Ratio: 79.29%
- -------------------------------------------------------------------------------
WA Debt to Income Ratio: 37.34%
- -------------------------------------------------------------------------------
Credit Grade: 66.06% A
- -------------------------------------------------------------------------------
21.47% B
- -------------------------------------------------------------------------------
10.60% C
- -------------------------------------------------------------------------------
1.86% D
- -------------------------------------------------------------------------------
Documentation: 91.55% full documentation
- -------------------------------------------------------------------------------
5.17% limited documentation
- -------------------------------------------------------------------------------
3.28% no documentation
- -------------------------------------------------------------------------------
Property Type: 86.58% single family detached
- -------------------------------------------------------------------------------
5.77% 2-4 family
- -------------------------------------------------------------------------------
3.17% manufactured housing
- -------------------------------------------------------------------------------
1.87% single family attached
- -------------------------------------------------------------------------------
1.62% PUD
- -------------------------------------------------------------------------------
0.75% condominium
- -------------------------------------------------------------------------------
0.25% mixed use
- -------------------------------------------------------------------------------
Owner Occupancy: 94.12% owner occupied, 5.88% investor
owned
- -------------------------------------------------------------------------------
Loan Purpose: 49.79% debt consolidation
- -------------------------------------------------------------------------------
23.96% cash-out refinance
- -------------------------------------------------------------------------------
9.21% purchase
- -------------------------------------------------------------------------------
6.02% rate & term refinance
- -------------------------------------------------------------------------------
2.82% home improvement
- -------------------------------------------------------------------------------
8.20% other
- -------------------------------------------------------------------------------
Geographic Distribution: MI (9.97%), OH (9.51%), IL (7.46%)
- -------------------------------------------------------------------------------
(all states (greater than)= 5.00%) PA (6.47%),FL (6.12%), CA (5.04%)
- -------------------------------------------------------------------------------
Note: Percentages may not add to 100.00% due to rounding.
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.
[LOGO]
10
<PAGE>
CONTIMORTGAGE HOME EQUITY LONG TRUST 1998-4
Computational Materials
- -------------------------------------------------------------------------------
State Distribution
- -------------------------------------------------------------------------------
Number of Home Aggregate Loan % of Aggregate Loan
State Equity Loans* Balance* Balance*
- -------------------------------------------------------------------------------
Alaska 1 40,000.00 0.00
- -------------------------------------------------------------------------------
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
- --------------------------------------------------------------------------------
Florida 779 49,125,181.93 6.12
- --------------------------------------------------------------------------------
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
- -------------------------------------------------------------------------------
Louisiana 207 10,462,974.44 1.30
- -------------------------------------------------------------------------------
Maine 30 1,791,946.35 0.22
- -------------------------------------------------------------------------------
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 12,470 802,634,679.00 100.00
- -------------------------------------------------------------------------------
* as of the Statistical Calculation Date
Note: Percentages may not add to 100.00% due to rounding.
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.
[LOGO]
11
<PAGE>
CONTIMORTGAGE HOME EQUITY LONG TRUST 1998-4
Computational Materials
- -------------------------------------------------------------------------------
Original Combined Loan to Value Ratio
- -------------------------------------------------------------------------------
Number of Home Aggregate Loan % of Aggregate
Range of Original CLTV's Equity Loans* Balance* Loan Balance*
- -------------------------------------------------------------------------------
0.01 - 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
- -------------------------------------------------------------------------------
* as of the Statistical Calculation Date
Note: Percentages may not add to 100.00% due to rounding.
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.
[LOGO]
12
<PAGE>
CONTIMORTGAGE HOME EQUITY LONG TRUST 1998-4
Computational Materials
- -------------------------------------------------------------------------------
Original LTV Distribution
- -------------------------------------------------------------------------------
Number of Home Aggregate Loan % of Aggregate Loan
Range Original of LTVs Equity Loans* Balance* Balance*
- ------------------------------------------------------------------------------
- ------------------------------------------------------------------------------
0.01 - 10.00 53 857,060.41 0.11
- ------------------------------------------------------------------------------
10.01 - 15.00 270 5,561,109.03 0.69
- ------------------------------------------------------------------------------
15.01 - 20.00 354 8,686,012.41 1.08
- ------------------------------------------------------------------------------
20.01 - 25.00 298 8,890,990.48 1.11
- ------------------------------------------------------------------------------
25.01 - 30.00 224 7,578,854.13 0.94
- ------------------------------------------------------------------------------
30.01 - 35.00 172 6,114,266.36 0.76
- ------------------------------------------------------------------------------
35.01 - 40.00 178 6,744,167.74 0.84
- ------------------------------------------------------------------------------
40.01 - 45.00 170 7,268,210.80 0.91
- ------------------------------------------------------------------------------
45.01 - 50.00 301 12,123,056.20 1.51
- ------------------------------------------------------------------------------
50.01 - 55.00 221 10,779,462.04 1.34
- ------------------------------------------------------------------------------
55.01 - 60.00 345 17,859,949.44 2.23
- ------------------------------------------------------------------------------
60.01 - 65.00 500 27,614,523.00 3.44
- ------------------------------------------------------------------------------
65.01 - 70.00 803 46,206,106.15 5.76
- ------------------------------------------------------------------------------
70.01 - 75.00 1,334 84,852,894.17 10.57
- ------------------------------------------------------------------------------
75.01 - 80.00 2,943 204,649,543.77 25.50
- ------------------------------------------------------------------------------
80.01 - 85.00 2,208 170,665,988.58 21.26
- ------------------------------------------------------------------------------
85.01 - 90.00 2,008 168,526,780.24 21.00
- ------------------------------------------------------------------------------
90.01 - 95.00 88 7,655,704.05 0.95
- ------------------------------------------------------------------------------
TOTAL 12,470 802,634,679.00 100.00
- ------------------------------------------------------------------------------
* as of the Statistical Calculation Date
Note: Percentages may not add to 100.00% due to rounding.
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.
[LOGO]
13
<PAGE>
CONTIMORTGAGE HOME EQUITY LONG TRUST 1998-4
Computational Materials
- -------------------------------------------------------------------------------
Coupon Rate Distribution
- -------------------------------------------------------------------------------
Number of Home Aggregate Loan % of Aggregate Loan
Range of Coupon Rates Equity Loans* Balance* Balance*
- -------------------------------------------------------------------------------
6.01 - 6.50 1 99,905.11 0.01
- -------------------------------------------------------------------------------
6.51 - 7.00 1 62,294.32 0.01
- -------------------------------------------------------------------------------
7.01 - 7.50 36 3,337,191.38 0.42
- -------------------------------------------------------------------------------
7.51 - 8.00 157 13,559,275.72 1.69
- -------------------------------------------------------------------------------
8.01 - 8.50 428 36,285,718.13 4.52
- -------------------------------------------------------------------------------
8.51 - 9.00 1,079 87,345,519.85 10.88
- -------------------------------------------------------------------------------
9.01 - 9.50 1,133 85,777,374.98 10.69
- -------------------------------------------------------------------------------
9.51 - 10.00 2,121 153,060,450.53 19.07
- -------------------------------------------------------------------------------
10.01 - 10.50 1,646 107,539,563.36 13.40
- -------------------------------------------------------------------------------
10.51 - 11.00 1,816 113,038,873.58 14.08
- -------------------------------------------------------------------------------
11.01 - 11.50 1,050 61,170,121.48 7.62
- -------------------------------------------------------------------------------
11.51 - 12.00 1,089 58,883,216.64 7.34
- -------------------------------------------------------------------------------
12.01 - 12.50 608 28,439,670.78 3.54
- -------------------------------------------------------------------------------
12.51 - 13.00 551 24,875,464.62 3.10
- -------------------------------------------------------------------------------
13.01 - 13.50 262 10,757,613.29 1.34
- -------------------------------------------------------------------------------
13.51 - 14.00 234 9,278,101.07 1.16
- -------------------------------------------------------------------------------
14.01 - 14.50 92 3,364,120.08 0.42
- -------------------------------------------------------------------------------
14.51 - 15.00 70 2,784,939.96 0.35
- -------------------------------------------------------------------------------
15.01 - 15.50 18 565,524.38 0.07
- -------------------------------------------------------------------------------
15.51 - 16.00 45 1,515,168.94 0.19
- -------------------------------------------------------------------------------
16.01 - 16.50 19 513,105.80 0.06
- -------------------------------------------------------------------------------
16.51 - 17.00 11 293,246.47 0.04
- -------------------------------------------------------------------------------
17.01 - 17.50 2 43,053.90 0.01
- -------------------------------------------------------------------------------
17.51 - 18.00 1 45,164.63 0.01
- -------------------------------------------------------------------------------
TOTAL 12,470 802,634,679.00 100.00
- -------------------------------------------------------------------------------
* as of the Statistical Calculation Date
Note: Percentages may not add to 100.00% due to rounding.
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.
[LOGO]
14
<PAGE>
CONTIMORTGAGE HOME EQUITY LONG TRUST 1998-4
Computational Materials
- -------------------------------------------------------------------------------
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
- -------------------------------------------------------------------------------
* as of the Statistical Calculation Date
- -------------------------------------------------------------------------------
Property Type
- -------------------------------------------------------------------------------
Number of Home Aggregate Loan % of Aggregate
Property Type Equity Loans* Balance* Loan Balance*
- -------------------------------------------------------------------------------
Single Family Detached 10,874 694,945,756.60 86.58
- -------------------------------------------------------------------------------
2-4 Family Residence 595 46,299,775.77 5.77
- -------------------------------------------------------------------------------
Manufactured Housing 436 25,475,034.16 3.17
- -------------------------------------------------------------------------------
Single Family Attached 287 14,969,713.18 1.87
- -------------------------------------------------------------------------------
Planned Unit Development 158 12,977,784.98 1.62
- -------------------------------------------------------------------------------
Condominium 102 5,992,088.82 0.75
- -------------------------------------------------------------------------------
Mixed Use 18 1,974,525.49 0.25
- -------------------------------------------------------------------------------
TOTAL 12,470 802,634,679.00 100.00
- -------------------------------------------------------------------------------
* as of the Statistical Calculation Date
Note: Percentages may not add to 100.00% due to rounding.
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.
[LOGO]
15
<PAGE>
CONTIMORTGAGE HOME EQUITY LONG TRUST 1998-4
Computational Materials
- -------------------------------------------------------------------------------
Debt to Income Ratio
- -------------------------------------------------------------------------------
Number of Home Aggregate Loan % of Aggregate
Range of Debt of Income Ratio Equity Loans* Balance* Loan Balance*
- -------------------------------------------------------------------------------
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
- -------------------------------------------------------------------------------
* as of the Statistical Calculation Date
- -------------------------------------------------------------------------------
Months Remaining to Maturity
- -------------------------------------------------------------------------------
Range of Months Remaining Number of Home Aggregate Loan % of Aggregate
to Maturity Equity Loans* Balance* Loan Balance*
- -------------------------------------------------------------------------------
49 - 60 16 321,463.02 0.04
- -------------------------------------------------------------------------------
- -------------------------------------------------------------------------------
61 - 120 395 12,755,825.29 1.59
- -------------------------------------------------------------------------------
- -------------------------------------------------------------------------------
121 - 180 5,592 326,184,210.37 40.64
- -------------------------------------------------------------------------------
- -------------------------------------------------------------------------------
181 - 240 1,290 70,402,337.36 8.77
- -------------------------------------------------------------------------------
- -------------------------------------------------------------------------------
241 - 300 146 8,995,946.94 1.12
- -------------------------------------------------------------------------------
- -------------------------------------------------------------------------------
301 - 360 5,031 383,974,896.02 47.84
- -------------------------------------------------------------------------------
- -------------------------------------------------------------------------------
TOTAL 12,470 802,634,679.00 100.00
- -------------------------------------------------------------------------------
* as of the Statistical Calculation Date
Note: Percentages may not add to 100.00% due to rounding.
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.
[LOGO]
16
<PAGE>
CONTIMORTGAGE HOME EQUITY LONG TRUST 1998-4
Computational Materials
- -------------------------------------------------------------------------------
Months of Original Term
- -------------------------------------------------------------------------------
Range of Months of Number of Home Aggregate Loan % of Aggregate
Original Term Equity Loans* Balance* Balance*
- -------------------------------------------------------------------------------
- -------------------------------------------------------------------------------
- -------------------------------------------------------------------------------
- -------------------------------------------------------------------------------
49 - 60 16 321,463.02 0.04
- -------------------------------------------------------------------------------
- -------------------------------------------------------------------------------
61 - 120 383 12,256,232.80 1.53
- -------------------------------------------------------------------------------
- -------------------------------------------------------------------------------
121 - 180 5,604 326,683,802.86 40.70
- -------------------------------------------------------------------------------
- -------------------------------------------------------------------------------
181 - 240 1,290 70,402,337.36 8.77
- -------------------------------------------------------------------------------
- -------------------------------------------------------------------------------
241 - 300 146 8,995,946.94 1.12
- -------------------------------------------------------------------------------
- -------------------------------------------------------------------------------
301 - 360 5,031 383,974,896.02 47.84
- -------------------------------------------------------------------------------
- -------------------------------------------------------------------------------
TOTAL 12,470 802,634,679.00 100.00
- -------------------------------------------------------------------------------
* as of the Statistical Calculation Date
- -------------------------------------------------------------------------------
Loan Type Distribution
- -------------------------------------------------------------------------------
Number of Home Aggregate Loan % of Aggregate
Loan Type Equity Loans* Balance* Loan Balance*
- -------------------------------------------------------------------------------
Balloons 3,532 235,549,666.55 29.35
- -------------------------------------------------------------------------------
Non-Balloons 8,938 567,085,012.45 70.65
- -------------------------------------------------------------------------------
TOTAL 12,470 802,634,679.00 100.00
- -------------------------------------------------------------------------------
* as of the Statistical Calculation Date
- -------------------------------------------------------------------------------
Loan Purpose Distribution
- -------------------------------------------------------------------------------
Number of Home Aggregate Loan % of Aggregate
Loan Purpose Equity Loans* Balance* Balance*
- -------------------------------------------------------------------------------
Debt Consolidation 6,376 339,594,592.58 49.79
- -------------------------------------------------------------------------------
Cash-Out Refinance 3,075 192,326,018.32 23.96
- -------------------------------------------------------------------------------
Rate & Term Refinance 696 48,333,563.85 6.02
- -------------------------------------------------------------------------------
Purchase 980 73,899,920.44 9.21
- -------------------------------------------------------------------------------
Home Improvement 340 22,632,188.76 2.82
- -------------------------------------------------------------------------------
Other 1,003 65,848,395.05 8.20
- -------------------------------------------------------------------------------
TOTAL 12,470 802,634,679.00 100.00
- -------------------------------------------------------------------------------
* as of the Statistical Calculation Date
Note: Percentages may not add to 100.00% due to rounding.
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.
[LOGO]
17
<PAGE>
CONTIMORTGAGE HOME EQUITY LONG TRUST 1998-4
Computational Materials
- -------------------------------------------------------------------------------
Seasoning Distribution
- -------------------------------------------------------------------------------
Number of Home Aggregate Loan % of Aggregate
Range of Months of Seasoning Equity Loans* Balance* Loan Balance*
- -------------------------------------------------------------------------------
0 - 6 12,330 794,589,526.69 99.00
- -------------------------------------------------------------------------------
7 - 12 96 5,694,009.45 0.71
- -------------------------------------------------------------------------------
13 - 24 30 1,653,346.75 0.21
- -------------------------------------------------------------------------------
25 - 36 2 198,473.62 0.02
- -------------------------------------------------------------------------------
36 + 12 499,592.49 0.06
- -------------------------------------------------------------------------------
TOTAL 12,470 802,634,679.00 100.00%
- -------------------------------------------------------------------------------
* as of the Statistical Calculation Date
- -------------------------------------------------------------------------------
Credit Rating Distribution
- -------------------------------------------------------------------------------
Number of Home Aggregate Loan % of Aggregate
Credit Rating Equity Loans* Balance* Loan Balance*
- -------------------------------------------------------------------------------
A 7,644 530,242,182.28 66.06
- -------------------------------------------------------------------------------
B 2,835 172,346,976.64 21.47
- -------------------------------------------------------------------------------
C 1,600 85,079,113.20 10.60
- -------------------------------------------------------------------------------
D 391 14,966,406.88 1.86
- -------------------------------------------------------------------------------
TOTAL 12,470 802,634,679.00 100.00
- -------------------------------------------------------------------------------
* as of the Statistical Calculation Date
- -------------------------------------------------------------------------------
Occupancy Status
- -------------------------------------------------------------------------------
Number of Home Aggregate Loan % of Aggregate
Occupancy Status Equity Loans* Balance* Loan Balance*
- -------------------------------------------------------------------------------
Owner Occupied 11,587 755,427,070.01 94.12
- -------------------------------------------------------------------------------
Investor Owned 883 47,207,608.99 5.88
- -------------------------------------------------------------------------------
TOTAL 12,470 802,634,679.00 100.00
- -------------------------------------------------------------------------------
* as of the Statistical Calculation Date
Note: Percentages may not add to 100.00% due to rounding.
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.
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18
<PAGE>
CONTIMORTGAGE HOME EQUITY LOAN TRUST 1998-4
Computational Materials
- -------------------------------------------------------------------------------
Documentation Type Distribution
- -------------------------------------------------------------------------------
Number of Home Aggregate Loan % of Aggregate Loan
Documentation Type Equity Loans* Balance* Balance*
- -------------------------------------------------------------------------------
Full Documentation 11,580 734,839,460.11 91.55
- -------------------------------------------------------------------------------
Limited Documentation 531 41,507,348.03 5.17
- -------------------------------------------------------------------------------
No Documentation 359 26,287,870.86 3.28
- -------------------------------------------------------------------------------
TOTAL 12,470 802,634,679.00 100.00
- -------------------------------------------------------------------------------
* as of the Statistical Calculation Date
- -------------------------------------------------------------------------------
Days Delinquent Distribution
- -------------------------------------------------------------------------------
Number of Home Aggregate Loan % of Aggregate Loan
Days Delinquent Equity Loans* Balance* Balance*
- -------------------------------------------------------------------------------
0 - 29 12,186 785,156,198.39 97.83
- -------------------------------------------------------------------------------
30 - 59 269 16,702,938.54 2.08
- -------------------------------------------------------------------------------
60 - 89 15 775,542.07 0.10
- -------------------------------------------------------------------------------
TOTAL 12,470 802,634,679.00 100.00
- -------------------------------------------------------------------------------
* as of the Statistical Calculation Date
- -------------------------------------------------------------------------------
Lien Position Distribution
- -------------------------------------------------------------------------------
Number of Home Aggregate Loan % of Aggregate Loan
Lien Position Equity Loans* Balance* Balance*
- -------------------------------------------------------------------------------
First Lien 11,085 761,064,667.83 94.82
- -------------------------------------------------------------------------------
Second Lien 1,385 41,570,011.17 5.18
- -------------------------------------------------------------------------------
TOTAL 12,470 802,634,679.00 100.00
- -------------------------------------------------------------------------------
* as of the Statistical Calculation Date
Note: Percentages may not add to 100.00% due to rounding.
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.
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19
