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: September 12, 2000
(Date of earliest event reported)
Residential Asset Securities Corporation
(Exact name of registrant as specified in its charter)
Delaware 333-84939 51-0362653
-------- --------- ----------
(State or Other Juris- (Commission (I.R.S. Employer
diction of Incorporation) File Number) Identification No.)
8400 Normandale Lake Blvd., Suite 600, Minneapolis, Minnesota 55437
------------------------------------------------------------- -----
(Address of Principal Executive Office) (Zip Code)
Registrant's telephone number, including area code:(952) 832-7000
--------------
<PAGE>
Item 5. Other Events.
On or about September 28, 2000, the Registrant expects to
cause the issuance and sale of Home Equity Mortgage Pass-Through
Certificates, Series 2000-KS4 (the "Certificates") pursuant to a
Pooling and Servicing Agreement to be dated as of September 1, 2000,
among the Registrant, Residential Funding Corporation, a Master
Servicer, and Bank One, National Association, as Trustee.
In connection with the expected sale of the Series
2000-KS4,Class A-I-1, Class A-I-2, Class A-1-3, Class A-1-4, Class
A-1-5, Class A-1-6, and Class A-II; the Registrant has been advised by
Prudential Securities, Incorporated (the "Underwriter"), that the
Underwriter has furnished to prospective investors certain collateral
information with respect to the Underwritten Certificates (the
"Certificates") underlying the proposed offering of the Certificates
(the "Certificates"), which Collateral Term Sheets are being filed
electronically as exhibits to this report.
The Collateral Term Sheets have been provided by the
Underwriter. The information in the Collateral Term Sheets is
preliminary and will be superseded by the Prospectus Supplement
relating to the Certificates and by any other information subsequently
filed with the Securities and Exchange Commission.
The Collateral Term Sheets were prepared by the Underwriters
at the request of certain prospective investors. The Collateral Term
Sheets may be based on information that differs from the information
set forth in the Prospectus Supplement.
In addition, the actual characteristics and performance of the
Mortgage Loans underlying the Certificates may differ from the
information provided in the Collateral Term Sheets, which were provided
to certain investors only to give a sense of the underlying collateral
which will affect the maturity, interest rate sensitivity and cash flow
characteristics of the Notes. Any difference between the collateral
information in the Collateral Term Sheets and the actual
characteristics of the Mortgage Loans will affect the actual yield,
average life, duration, expected maturity, interest rate sensitivity
and cash flow characteristics of the Underwritten Certificates.
<PAGE>
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits
(a) Financial Statements.
Not applicable.
(b) Pro Forma Financial Information.
Not applicable.
(c) Exhibits
Item 601(a) of
Regulation S-K
Exhibit No. Exhibit No. Description
----------- ----------- -----------
1 99 Collateral Term Sheets
<PAGE>
Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this report to be signed on behalf of the
Registrant by the undersigned thereunto duly authorized.
RESIDENTIAL ASSET SECURITIES
CORPORATION
By: /s/ Julie Steinhagen
Name:Julie Steinhagen
Title:Vice President
Dated: September 12, 2000
<PAGE>
-6-
EXHIBIT INDEX
Item 601 (a) of Sequentially
Exhibit Regulation S-K Numbered
Number Exhibit No. Description Format
1 99 Collateral Term Electronically
Sheets
<PAGE>
EXHIBIT 1
<PAGE>
RASC Series 2000-KS4 Trust
Home Equity Asset-Backed Pass-Through Certificates, Series 2000-KS4
$1,425,000,000 (approximate)
-------------------------------------------------------------------------------
[GRAPHIC OMITTED][GRAPHIC OMITTED]
TERM SHEET DATED September 11, 2000
Note: The following is a preliminary Term Sheet. All terms and statements are
subject to change.
$1,425,000,000 (Approximate)
-------------------------------------------------------------------------------
-------------------------------------------------------------------------------
RASC Series 2000-KS4 Trust
-------------------------------------------------------------------------------
Home Equity Mortgage Asset-Backed Pass-Through Certificates,
Series 2000-KS4
-------------------------------------------------------------------------------
[GRAPHIC OMITTED][GRAPHIC OMITTED]
-------------------------------------------------------------------------------
The information herein has been provided solely by Prudential Securities
Incorporated ("PSI") based on information with respect to the mortgage loans
provided by Residential Funding Corporation ("RFC") and its affiliates. Neither
RFC nor any of its affiliates makes any representation as to the accuracy or
completeness of the information herein. The information herein is preliminary
and supersedes any prior information and will be superseded by the prospectus
supplement and by any other information subsequently filed with the Securities
and Exchange Commissions (SEC). All assumptions and information in this report
reflect PSI's judgment as of this date and are subject to change. All analyses
are based on certain assumptions noted herein and different assumptions could
yield substantially different results. You are cautioned that there is no
universally accepted method for analyzing financial instruments. You should
review the assumptions; there may be differences between these assumptions and
your actual business practices. Further, PSI does not guarantee any results and
there is no guarantee as to the liquidity of the instruments involved in this
analysis. The decision to adopt any strategy remains your responsibility. PSI
(or any of its affiliates) or their officers, directors, analysts or employees
may have positions in securities, commodities or derivative instruments thereon
referred to here, and may, as principal or agent, buy or sell such securities,
commodities or derivative instruments. In addition, PSI may make a market in the
securities referred to herein. Neither the information nor the assumptions
reflected herein shall be construed to be, or constitute, an offer to sell or
buy or a solicitation of an offer to sell or buy any securities, commodities or
derivative instruments mentioned herein. No sale of any securities, commodities
or derivative instruments should be consummated without the purchaser first
having received a prospectus and, if required prospectus supplement. Finally,
PSI has not addressed the legal, accounting and tax implications of the analysis
with respect to you, and PSI strongly urges you to seek advice from your
counsel, accountant and tax advisor.
<PAGE>
RASC Series 2000-KS4 Trust
Home Equity Asset-Backed Pass-Through Certificates, Series 2000-KS4
$1,425,000,000 (Approximate)
<TABLE>
<CAPTION>
Group I Collateral Summary
----------------------------------------------------------------------------------------------
Number of Mortgage Loans: 4,934
<S> <C> <C>
Aggregate Unpaid Principal Balance: $403,363,331.93 (1)
Aggregate Original Principal Balance: $403,917,693.28 (1)
Weighted Average Coupon (Net): 10.407%
Net Coupon Range 6.770% - 15.620%
Weighted Average Coupon (Gross): 10.930%
Gross Coupon Range 7.350% - 16.200%
Average Unpaid Principal Balance $81,751.79
Average Original Principal Balance: $81,864.15
Maximum Unpaid Principal Balance $650,000.00
Minimum Unpaid Principal Balance: $2,661.30
Maximum Original Principal Balance $650,000.00
Minimum Original Principal Balance: $3,250.00
Weighted Avg. Stated Rem. Term (Sch Date to Mat Date): 306.897 (1)
Stated Rem Term Range: 56.000 - 360.000(1)
Weighted Average Age (Original Term - Rem Term): 1.633
Age Range 0.000 - 35.000
Weighted Average Original Term: 308.530
Original Term Range 60.000 - 360.000
Weighted Average Original LTV: 77.942%(3)
Original LTV Range: 9.000% - 100.000%(3)
Weighted Average Borrower FICO: 603.391 (2)
Borrower FICO Range: 447.000 - 798.000(2)
% of Loans with Prepayment Penalties: 56.48%
</TABLE>
____________________________
(1) Unpaid balance and Remaining Term are based on balance due on scheduled
payment date. However, if prepayments occur, then the prepaid principal is
deducted from the unpaid balance and the Remaining Term is adjusted
accordingly
(2) Excluding 56 loans with missing FICO Score.
(3) This excludes 2 loans missing LTV.
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH A
DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED FINANCIAL
ADVISOR IMMEDIATELY. THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS
STRUCTURAL TERMSHEETS, AND WILL BE SUPERSEDED BY THE INFORMATION IN THE
PROSPECTUS SUPPLEMENT.
<PAGE>
RASC Series 2000-KS4 Trust
Home Equity Asset-Backed Pass-Through Certificates, Series 2000-KS4
$1,425,000,000 (Approximate)
<TABLE>
<CAPTION>
Group I Gross Mortgage Interest Rates
----------------------------------------------------------------------------------------------
Mortgage Cut-off % of Cut-off Date
Gross Mortgage Interest Rate Range Loans Date Principal Balance
Principal Balance ($)
<S> <C> <C> <C> <C>
7.00% < Gross Coupon <= 7.50% 2 256,743.83 0.06
7.50% < Gross Coupon <= 7.75% 1 97,216.42 0.02
7.75% < Gross Coupon <= 8.00% 3 316,080.82 0.08
8.00% < Gross Coupon <= 8.25% 11 1,456,435.79 0.36
8.25% < Gross Coupon <= 8.50% 29 3,500,351.18 0.87
8.50% < Gross Coupon <= 8.75% 44 4,516,051.01 1.12
8.75% < Gross Coupon <= 9.00% 66 6,869,220.64 1.70
9.00% < Gross Coupon <= 9.25% 69 8,565,245.04 2.12
9.25% < Gross Coupon <= 9.50% 162 18,311,163.17 4.54
9.50% < Gross Coupon <= 9.75% 202 23,073,792.11 5.72
9.75% < Gross Coupon <= 10.00% 362 39,245,886.27 9.73
10.00% < Gross Coupon <= 10.25% 212 21,987,896.86 5.45
10.25% < Gross Coupon <= 10.50% 399 39,894,560.79 9.89
10.50% < Gross Coupon <= 10.75% 350 35,408,547.41 8.78
10.75% < Gross Coupon <= 11.00% 437 36,174,735.42 8.97
11.00% < Gross Coupon <= 11.25% 262 22,839,431.26 5.66
11.25% < Gross Coupon <= 11.50% 353 28,047,382.47 6.95
11.50% < Gross Coupon <= 11.75% 304 23,183,923.45 5.75
11.75% < Gross Coupon <= 12.00% 356 22,192,056.75 5.50
12.00% < Gross Coupon <= 12.25% 228 14,838,184.39 3.68
12.25% < Gross Coupon <= 12.50% 194 12,228,993.61 3.03
12.50% < Gross Coupon <= 12.75% 184 10,035,750.67 2.49
12.75% < Gross Coupon <= 13.00% 188 10,794,637.33 2.68
13.00% < Gross Coupon <= 13.25% 106 4,965,443.10 1.23
13.25% < Gross Coupon <= 13.50% 63 3,107,462.33 0.77
13.50% < Gross Coupon <= 13.75% 57 3,123,599.37 0.77
13.75% < Gross Coupon <= 14.00% 67 3,229,082.87 0.80
14.00% < Gross Coupon <= 14.25% 16 552,909.15 0.14
14.25% < Gross Coupon <= 14.50% 14 668,710.84 0.17
14.50% < Gross Coupon <= 14.75% 20 759,565.49 0.19
14.75% < Gross Coupon <= 15.00% 164 2,753,079.26 0.68
15.00% < Gross Coupon <= 15.25% 4 163,653.54 0.04
15.25% < Gross Coupon <= 15.50% 1 106,386.16 0.03
15.50% < Gross Coupon <= 15.75% 2 58,001.42 0.01
16.00% < Gross Coupon <= 16.25% 2 41,151.71 0.01
Total 4,934 $403,363,331.93 100.00%
----------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH A
DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED FINANCIAL
ADVISOR IMMEDIATELY. THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS
STRUCTURAL TERMSHEETS, AND WILL BE SUPERSEDED BY THE INFORMATION IN THE
PROSPECTUS SUPPLEMENT.
<PAGE>
RASC Series 2000-KS4 Trust
Home Equity Asset-Backed Pass-Through Certificates, Series 2000-KS4
$1,425,000,000 (Approximate)
Group I Net Mortgage Interest Rates
----------------------------------------------------------------------------------------------
Mortgage Cut-off % of Cut-off Date
Net Mortgage Interest Rate Range Loans Date Principal Balance
-------------------------------- ----- -----------------
Principal Balance ($)
---------------------
6.50% < Net Coupon <= 7.00% 2 256,743.83 0.06
7.00% < Net Coupon <= 7.50% 5 578,511.01 0.14
7.50% < Net Coupon <= 7.75% 9 1,042,392.31 0.26
7.75% < Net Coupon <= 8.00% 30 2,527,596.63 0.63
8.00% < Net Coupon <= 8.25% 44 5,161,104.56 1.28
8.25% < Net Coupon <= 8.50% 51 5,394,842.02 1.34
8.50% < Net Coupon <= 8.75% 63 6,901,549.78 1.71
8.75% < Net Coupon <= 9.00% 136 14,832,879.60 3.68
9.00% < Net Coupon <= 9.25% 175 19,085,451.41 4.73
9.25% < Net Coupon <= 9.50% 312 34,459,136.61 8.54
9.50% < Net Coupon <= 9.75% 249 27,106,238.18 6.72
9.75% < Net Coupon <= 10.00% 365 36,393,557.23 9.02
10.00% < Net Coupon <= 10.25% 404 41,177,403.87 10.21
10.25% < Net Coupon <= 10.50% 463 40,207,571.13 9.97
10.50% < Net Coupon <= 10.75% 318 28,649,064.07 7.10
10.75% < Net Coupon <= 11.00% 362 28,376,834.90 7.04
11.00% < Net Coupon <= 11.25% 323 23,577,545.63 5.85
11.25% < Net Coupon <= 11.50% 353 22,494,484.71 5.58
11.50% < Net Coupon <= 11.75% 209 13,840,966.96 3.43
11.75% < Net Coupon <= 12.00% 210 12,596,121.38 3.12
12.00% < Net Coupon <= 12.25% 178 10,578,441.32 2.62
12.25% < Net Coupon <= 12.50% 174 9,423,105.21 2.34
12.50% < Net Coupon <= 12.75% 106 5,026,794.26 1.25
12.75% < Net Coupon <= 13.00% 54 2,510,267.66 0.62
13.00% < Net Coupon <= 13.25% 59 3,441,792.62 0.85
13.25% < Net Coupon <= 13.50% 59 2,722,123.96 0.67
13.50% < Net Coupon <= 13.75% 15 473,087.22 0.12
13.75% < Net Coupon <= 14.00% 16 750,191.16 0.19
14.00% < Net Coupon <= 14.25% 22 888,699.69 0.22
14.25% < Net Coupon <= 14.50% 159 2,519,640.18 0.62
14.50% < Net Coupon <= 14.75% 4 163,653.54 0.04
14.75% < Net Coupon <= 15.00% 1 106,386.16 0.03
15.00% < Net Coupon <= 15.25% 2 58,001.42 0.01
15.50% < Net Coupon <= 15.75% 2 41,151.71 0.01
Total 4,934 $403,363,331.93 100.00%
----------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH A
DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED FINANCIAL
ADVISOR IMMEDIATELY. THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS
STRUCTURAL TERMSHEETS, AND WILL BE SUPERSEDED BY THE INFORMATION IN THE
PROSPECTUS SUPPLEMENT.
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
RASC Series 2000-KS4 Trust
Home Equity Asset-Backed Pass-Through Certificates, Series 2000-KS4
$1,425,000,000 (Approximate)
Group I Original Term to Stated Maturity
----------------------------------------------------------------------------------------------
Mortgage Cut-off % of Cut-off Date
Original Term Loans Date Principal Balance
------------- ----- -----------------
Principal Balance ($)
---------------------
<S> <C> <C> <C> <C>
48 < Orig. Term <= 60 4 120,222.20 0.03
108 < Orig. Term <= 120 67 2,567,956.15 0.64
132 < Orig. Term <= 144 2 155,701.88 0.04
168 < Orig. Term <= 180 1,693 102,481,354.07 25.41
180 < Orig. Term <= 192 2 125,739.16 0.03
204 < Orig. Term <= 216 1 120,769.46 0.03
228 < Orig. Term <= 240 213 12,501,430.24 3.10
240 < Orig. Term <= 252 1 54,760.43 0.01
288 < Orig. Term <= 300 15 1,145,509.74 0.28
300 < Orig. Term <= 312 1 42,796.41 0.01
324 < Orig. Term <= 336 2 187,190.51 0.05
336 < Orig. Term <= 348 7 516,060.49 0.13
348 < Orig. Term <= 360 2,926 283,343,841.19 70.25
Total 4,934 $403,363,331.93 100.00%
----------------------------------------------------------------------------------------------
Group I Remaining Term to Stated Maturity
----------------------------------------------------------------------------------------------
Mortgage Cut-off % of Cut-off Date
Remaining Term Loans Date Principal Balance
-------------- ----- -----------------
Principal Balance ($)
---------------------
48 < Rem Term <= 60 4 120,222.20 0.03
84 < Rem Term <= 96 2 9,163.40 0.00
108 < Rem Term <= 120 65 2,558,792.75 0.63
132 < Rem Term <= 144 2 155,701.88 0.04
156 < Rem Term <= 168 7 364,840.56 0.09
168 < Rem Term <= 180 1,688 102,242,252.67 25.35
204 < Rem Term <= 216 1 120,769.46 0.03
216 < Rem Term <= 228 2 81,102.44 0.02
228 < Rem Term <= 240 211 12,420,327.80 3.08
240 < Rem Term <= 252 1 54,760.43 0.01
288 < Rem Term <= 300 16 1,188,306.15 0.29
324 < Rem Term <= 336 5 380,024.76 0.09
336 < Rem Term <= 348 10 1,061,699.58 0.26
348 < Rem Term <= 360 2,920 282,605,367.85 70.06
Total 4,934 $403,363,331.93 100.00%
----------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------
Group I Lien Status
----------------------------------------------------------------------------------------------
Mortgage Cut-off % of Cut-off Date
Lien Status Loans Date Principal Balance
----------- ----- -----------------
Principal Balance ($)
---------------------
First Lien 4,617 395,018,774.62 97.93
Second Lien 317 8,344,557.31 2.07
Total 4,934 $403,363,331.93 100.00%
----------------------------------------------------------------------------------------------
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH A
DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED FINANCIAL
ADVISOR IMMEDIATELY. THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS
STRUCTURAL TERMSHEETS, AND WILL BE SUPERSEDED BY THE INFORMATION IN THE
PROSPECTUS SUPPLEMENT.
<PAGE>
RASC Series 2000-KS4 Trust
Home Equity Asset-Backed Pass-Through Certificates, Series 2000-KS4
$1,425,000,000 (Approximate)
----------------------------------------------------------------------------------------------
Group I Original Loan-To-Value Ratios
----------------------------------------------------------------------------------------------
Mortgage Cut-off % of Cut-off Date
Original Loan-To-Value Ratio Loans Date Principal Balance
---------------------------- ----- -----------------
Principal Balance ($)
---------------------
5.00 < LTV <= 10.00 2 62,728.33 0.02
10.00 < LTV <= 15.00 6 168,067.39 0.04
15.00 < LTV <= 20.00 17 943,225.40 0.23
20.00 < LTV <= 25.00 26 834,883.23 0.21
25.00 < LTV <= 30.00 34 1,244,394.21 0.31
30.00 < LTV <= 35.00 35 1,917,819.36 0.48
35.00 < LTV <= 40.00 54 2,683,727.01 0.67
40.00 < LTV <= 45.00 64 2,733,796.04 0.68
45.00 < LTV <= 50.00 108 5,372,898.44 1.33
50.00 < LTV <= 55.00 97 5,667,449.99 1.41
55.00 < LTV <= 60.00 169 11,943,695.33 2.96
60.00 < LTV <= 65.00 266 18,115,230.10 4.49
65.00 < LTV <= 70.00 475 34,863,963.39 8.64
70.00 < LTV <= 75.00 622 51,292,393.65 12.72
75.00 < LTV <= 80.00 1215 114,073,682.58 28.28
80.00 < LTV <= 85.00 730 63,497,630.60 15.74
85.00 < LTV <= 90.00 756 74,382,733.65 18.44
90.00 < LTV <= 95.00 159 11,426,677.98 2.83
95.00 < LTV <= 100.00 91 1,810,459.05 0.45
NA 8 327,876.20 0.08
Total 4,934 $403,363,331.93 100.00%
----------------------------------------------------------------------------------------------
Group I Mortgage Insurance Companies
----------------------------------------------------------------------------------------------
Mortgage Cut-off % of Cut-off Date
Insurance Company Loans Date Principal Balance
----------------- ----- -----------------
Principal Balance ($)
---------------------
Insured (1) 268 30,066,871.95 7.45
Not Required 3,436 255,846,964.93 63.43
Not Insured (2) 1,230 117,449,495.05 29.12
Total 4,934 $403,363,331.93 100.00%
(1) Insured by Commonwealth, GEMICO, MGIC, PMI Mortgage Insurance Co., Republic Mortgage
Insurance, Triad Guaranty, United Guaranty Residential Insurance.
(2) Over 80% LTV without insurance.
----------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH A
DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED FINANCIAL
ADVISOR IMMEDIATELY. THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS
STRUCTURAL TERMSHEETS, AND WILL BE SUPERSEDED BY THE INFORMATION IN THE
PROSPECTUS SUPPLEMENT.
<PAGE>
RASC Series 2000-KS4 Trust
Home Equity Asset-Backed Pass-Through Certificates, Series 2000-KS4
$1,425,000,000 (Approximate)
Group I Original Mortgage Loan Principal Balances
----------------------------------------------------------------------------------------------
Mortgage Cut-off % of Cut-off Date
Original Mortgage Loan Principal Loans Date Principal Balance
--------------------------------- ----- -----------------
Balance Principal Balance ($)
------- ---------------------
Balance <= 25,000 410 7,280,788.98 1.81
25,000 < Balance <= 50,000 1,324 50,619,602.33 12.55
50,000 < Balance <= 75,000 1,249 76,765,858.05 19.03
75,000 < Balance <= 100,000 714 61,933,531.96 15.35
100,000 < Balance <= 150,000 699 85,618,410.85 21.23
150,000 < Balance <= 175,000 159 25,743,709.08 6.38
175,000 < Balance <= 200,000 115 21,503,567.82 5.33
200,000 < Balance <= 250,000 109 24,137,628.34 5.98
250,000 < Balance <= 300,000 80 21,854,130.71 5.42
300,000 < Balance <= 350,000 37 11,913,612.60 2.95
350,000 < Balance <= 400,000 26 9,751,200.92 2.42
400,000 < Balance <= 450,000 2 879,825.15 0.22
450,000 < Balance <= 500,000 5 2,312,433.39 0.57
500,000 < Balance <= 600,000 2 1,099,607.58 0.27
600,000 < Balance <= 750,000 3 1,949,424.17 0.48
Total 4,934 $403,363,331.93 100.00%
----------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH A
DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED FINANCIAL
ADVISOR IMMEDIATELY. THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS
STRUCTURAL TERMSHEETS, AND WILL BE SUPERSEDED BY THE INFORMATION IN THE
PROSPECTUS SUPPLEMENT.
<PAGE>
RASC Series 2000-KS4 Trust
Home Equity Asset-Backed Pass-Through Certificates, Series 2000-KS4
$1,425,000,000 (Approximate)
Group I Geographic Distribution
----------------------------------------------------------------------------------------------
Mortgage Cut-off % of Cut-off Date
State Loans Date Principal Balance
----- ----- -----------------
Principal Balance ($)
---------------------
Alabama 192 12,738,684.70
3.16
California 234 35,310,142.61
8.75
Florida 316 26,080,976.64
6.47
Georgia 272 25,341,091.77
6.28
Illinois 201 16,818,972.68
4.17
Michigan 350 22,417,449.24
5.56
New York 249 28,311,458.10
7.02
North Carolina 219 16,305,629.44
4.04
Ohio 245 15,641,805.17
3.88
South Carolina 191 13,452,583.85
3.34
Texas 480 37,018,771.56
9.18
Mexico 4 876,948.88
0.20
Other 1,981 153,048,817.29
37.96
Total 4,934 $403,363,331.93 100.00%
----------------------------------------------------------------------------------------------
Group I Mortgaged Property Types
----------------------------------------------------------------------------------------------
Mortgage Cut-off % of Cut-off Date
Property Type Loans Date Principal Balance
------------- ----- -----------------
Principal Balance ($)
---------------------
Condo Low-Rise 115 8,382,607.90 2.08
Manufactured Housing 180 10,891,577.06 2.70
Leasehold 1 67,316.75 0.02
Townhouses 69 5,362,826.43 1.33
Condo High-rise 5 564,056.59 0.14
Condo Mid-Rise 5 523,524.80 0.13
Single Family Detached 4,266 341,400,775.34 84.64
PUD Detached 249 31,991,510.76 7.93
PUD Attached 44 4,179,136.30 1.04
Total 4,934 $403,363,331.93 100.00%
----------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH A
DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED FINANCIAL
ADVISOR IMMEDIATELY. THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS
STRUCTURAL TERMSHEETS, AND WILL BE SUPERSEDED BY THE INFORMATION IN THE
PROSPECTUS SUPPLEMENT.
<PAGE>
RASC Series 2000-KS4 Trust
Home Equity Asset-Backed Pass-Through Certificates, Series 2000-KS4
$1,425,000,000 (Approximate)
Group I Occupancy Types
----------------------------------------------------------------------------------------------
Mortgage Cut-off % of Cut-off Date
Owner Occupancy Loans Date Principal Balance
--------------- ----- -----------------
Principal Balance ($)
---------------------
Owner Occupied 4,382 368,409,058.52 91.33
Non Owner Occupied 552 34,954,273.41 8.67
Total 4,934 $403,363,331.93 100.00%
----------------------------------------------------------------------------------------------
Group I Mortgage Loan Documentation Types
----------------------------------------------------------------------------------------------
Mortgage Cut-off % of Cut-off Date
Documentation Type Loans Date Principal Balance
------------------ ----- -----------------
Principal Balance ($)
---------------------
Full Documentation 4,025 311,006,800.57 77.10
Reduced Documentation 909 92,356,531.36 22.90
Total 4,934 $403,363,331.93 100.00%
----------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH A
DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED FINANCIAL
ADVISOR IMMEDIATELY. THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS
STRUCTURAL TERMSHEETS, AND WILL BE SUPERSEDED BY THE INFORMATION IN THE
PROSPECTUS SUPPLEMENT.
<PAGE>
RASC Series 2000-KS4 Trust
Home Equity Asset-Backed Pass-Through Certificates, Series 2000-KS4
$1,425,000,000 (Approximate)
Group I Mortgage Loan Purpose
----------------------------------------------------------------------------------------------
Mortgage Cut-off % of Cut-off Date
Loan Purpose Loans Date Principal Balance
------------ ----- -----------------
Principal Balance ($)
---------------------
Purchase 1,624 152,363,424.39 37.77
Rate/Term Refinance 418 39,644,779.02 9.83
Equity Refinance 2,892 211,355,128.52 52.40
Total 4,934 $403,363,331.93 100.00%
----------------------------------------------------------------------------------------------
Group I RFC Designated Risk Categories
----------------------------------------------------------------------------------------------
Mortgage Cut-off % of Cut-off Date
Credit Grade Loans Date Principal Balance
------------ ----- -----------------
Principal Balance ($)
---------------------
1A-1 743 89,735,439.36 22.25
1A 1,316 105,279,309.88 26.10
1 1,096 90,573,101.37 22.45
2 1256 86,206,938.21 21.37
3 368 21,145,951.51 5.24
4 116 6,098,945.19 1.51
Unknown 39 4,323,646.41 1.07
Total 4,934 $403,363,331.93 100.00%
----------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH A
DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED FINANCIAL
ADVISOR IMMEDIATELY. THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS
STRUCTURAL TERMSHEETS, AND WILL BE SUPERSEDED BY THE INFORMATION IN THE
PROSPECTUS SUPPLEMENT.
<PAGE>
RASC Series 2000-KS4 Trust
Home Equity Asset-Backed Pass-Through Certificates, Series 2000-KS4
$1,425,000,000 (Approximate)
Group I Credit Score Distribution
----------------------------------------------------------------------------------------------
Mortgage Cut-off % of Cut-off Date
FICO Score Loans Date Principal Balance
---------- ----- -----------------
Principal Balance ($)
---------------------
NO FICO STATED 56 3,133,434.56 0.78
FICO < 500 113 6,924,469.40 1.72
500 <= FICO < 520 227 15,332,069.53 3.80
520 <= FICO < 540 391 26,604,491.60 6.60
540 <= FICO < 560 524 35,848,255.45 8.89
560 <= FICO < 580 628 46,352,062.01 11.49
580 <= FICO < 600 659 52,192,249.27 12.94
600 <= FICO < 620 743 65,480,953.26 16.23
620 <= FICO < 640 586 55,868,339.95 13.85
640 <= FICO < 660 430 41,696,544.63 10.34
660 <= FICO < 680 281 27,096,195.41 6.72
680 <= FICO < 700 120 9,990,629.61 2.48
700 <= FICO < 720 94 8,791,382.88 2.18
720 <= FICO < 740 39 4,180,780.62 1.04
740 <= FICO < 760 24 2,301,919.81 0.57
760 <= FICO < 780 14 1,167,234.15 0.29
780 <= FICO < 800 5 402,319.79 0.10
Total 4,934 $403,363,331.93 100.00%
----------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH A
DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED FINANCIAL
ADVISOR IMMEDIATELY. THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS
STRUCTURAL TERMSHEETS, AND WILL BE SUPERSEDED BY THE INFORMATION IN THE
PROSPECTUS SUPPLEMENT.
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
RASC Series 2000-KS4 Trust
Home Equity Asset-Backed Pass-Through Certificates, Series 2000-KS4
$1,425,000,000 (Approximate)
Group II Collateral Summary
----------------------------------------------------------------------------------------------
Number of Mortgage Loans: 6,132
<S> <C> <C>
Aggregate Unpaid Principal Balance: $669,524,490.49 (1)
Aggregate Original Principal Balance: $669,961,822.25(1)
Weighted Average Coupon 10.240%
(Net):
Net Coupon Range: 7.670% - 15.870%
Weighted Average Coupon 10.817%
(Gross):
Gross Coupon Range: 8.250% - 16.450%
Weighted Average Margin 5.916%
(Net):
Net Margin Range: 2.220% - 9.910%
Weighted Average Life Cap 16.753%
(Net):
Net Life Cap Range: 13.295% - 22.545%
Weighted Average Life Floor 9.368% (2)
(Net):
Net Life Floor Range: 3.295% - 15.870%(2)
Weighted Average Margin 6.494%
(Gross):
Gross Margin Range: 2.800% - 10.490%
Weighted Average Life Cap 17.331%
(Gross):
Gross Life Cap Range: 13.875% - 23.125%
Weighted Average Life Floor 9.945% (2)
(Gross):
Gross Life Floor Range: 3.750% - 16.450%(2)
Average Unpaid Principal Balance: $109,185.34
Average Original Principal Balance: $109,256.66
Maximum Unpaid Principal Balance: $999,602.61
Minimum Unpaid Principal Balance: $15,000.00
Maximum Original Principal Balance: $1,000,000.00
Minimum Original Principal Balance: $15,000.00
Weighted Avg. Stated Rem. Term (Sch date to Mat 358.435 (1)
Date):
Stated Rem Term Range: 177.000 - 360.000(1)
Weighted Average Age (Original Term - Rem Term): 1.511
Age Range: 0.000 - 32.000
Weighted Average Original 359.946
Term:
Original Term Range: 180.000 - 360.000
Weighted Average Original 80.598%
LTV:
Original LTV Range: 11.000% - 95.000%
Weighted Average Months to Interest 25.958
Roll:
Months to Interest Roll Range: 4 - 37
Weighted Average Interest Roll Frequency: 6.007
Interest Frequency Range: 6 - 36
Weighted Average Periodic Interest 1.145%
Cap:
Periodic Interest Cap Range: 0.500% - 3.000%
Weighted Average Borrower 586.215 (3)
FICO:
Borrower FICO Range: 448.000 - 794.000(3)
% of Loans with Prepayment Penalties: 87.11%
(1) Unpaid balance and Remaining Term are based on balance due on scheduled
payment date. However, if prepayments occur, the prepaid principal is
debited from the unpaid balance and the Remaining Term is adjusted
accordingly.
(2) Gross Margin is used for 882 loans with missing Life Floor and 7 loans with
Life Floor lower than Gross Margin.
(3) Excluding 88 loans with missing FICO Score.
----------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH A
DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED FINANCIAL
ADVISOR IMMEDIATELY. THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS
STRUCTURAL TERMSHEETS, AND WILL BE SUPERSEDED BY THE INFORMATION IN THE
PROSPECTUS SUPPLEMENT.
<PAGE>
RASC Series 2000-KS4 Trust
Home Equity Asset-Backed Pass-Through Certificates, Series 2000-KS4
$1,425,000,000 (Approximate)
Group II Gross Mortgage Interest Rates
----------------------------------------------------------------------------------------------
Mortgage Cut-off % of Cut-off Date
Gross Mortgage Interest Rate Range Loans Date Principal Balance
Principal Balance ($)
8.00% < Gross Coupon <= 8.25% 1 260,231.96 0.04
8.25% < Gross Coupon <= 8.50% 6 1,013,481.50 0.15
8.50% < Gross Coupon <= 8.75% 19 3,580,496.39 0.53
8.75% < Gross Coupon <= 9.00% 83 13,384,808.34 2.00
9.00% < Gross Coupon <= 9.25% 81 12,247,327.28 1.83
9.25% < Gross Coupon <= 9.50% 215 30,827,425.08 4.60
9.50% < Gross Coupon <= 9.75% 265 34,348,221.77 5.13
9.75% < Gross Coupon <= 10.00% 486 66,607,119.68 9.95
10.00% < Gross Coupon <= 10.25% 356 42,245,857.97 6.31
10.25% < Gross Coupon <= 10.50% 564 69,009,549.46 10.31
10.50% < Gross Coupon <= 10.75% 607 69,936,605.86 10.45
10.75% < Gross Coupon <= 11.00% 762 81,158,802.01 12.12
11.00% < Gross Coupon <= 11.25% 464 48,485,319.00 7.24
11.25% < Gross Coupon <= 11.50% 512 50,435,394.06 7.53
11.50% < Gross Coupon <= 11.75% 440 39,952,525.01 5.97
11.75% < Gross Coupon <= 12.00% 451 39,659,536.22 5.92
12.00% < Gross Coupon <= 12.25% 209 19,071,592.06 2.85
12.25% < Gross Coupon <= 12.50% 196 15,557,030.33 2.32
12.50% < Gross Coupon <= 12.75% 141 11,161,062.78 1.67
12.75% < Gross Coupon <= 13.00% 131 10,904,685.62 1.63
13.00% < Gross Coupon <= 13.25% 46 3,743,555.71 0.56
13.25% < Gross Coupon <= 13.50% 32 2,087,227.79 0.31
13.50% < Gross Coupon <= 13.75% 23 1,275,680.17 0.19
13.75% < Gross Coupon <= 14.00% 20 1,422,391.58 0.21
14.00% < Gross Coupon <= 14.25% 8 411,113.68 0.06
14.25% < Gross Coupon <= 14.50% 4 274,202.19 0.04
14.50% < Gross Coupon <= 14.75% 1 32,994.95 0.00
14.75% < Gross Coupon <= 15.00% 3 195,698.42 0.03
15.00% < Gross Coupon <= 15.25% 1 38,988.99 0.01
15.25% < Gross Coupon <= 15.50% 2 78,844.16 0.01
15.75% < Gross Coupon <= 16.00% 2 82,990.12 0.01
16.25% < Gross Coupon <= 16.50% 1 33,730.35 0.01
Total 6,132 $669,524,490.49 100.00%
----------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH A
DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED FINANCIAL
ADVISOR IMMEDIATELY. THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS
STRUCTURAL TERMSHEETS, AND WILL BE SUPERSEDED BY THE INFORMATION IN THE
PROSPECTUS SUPPLEMENT.
<PAGE>
RASC Series 2000-KS4 Trust
Home Equity Asset-Backed Pass-Through Certificates, Series 2000-KS4
$1,425,000,000 (Approximate)
Group II Net Mortgage Interest Rates
----------------------------------------------------------------------------------------------
Mortgage Cut-off % of Cut-off Date
Net Mortgage Interest Rate Range Loans Date Principal Balance
-------------------------------- ----- -----------------
Principal Balance ($)
---------------------
7.50% < Net Coupon <= 7.75% 1 260,231.96 0.04
7.75% < Net Coupon <= 8.00% 9 1,557,542.56 0.23
8.00% < Net Coupon <= 8.25% 23 4,238,669.89 0.63
8.25% < Net Coupon <= 8.50% 81 12,923,359.72 1.93
8.50% < Net Coupon <= 8.75% 88 12,825,288.96 1.92
8.75% < Net Coupon <= 9.00% 220 31,469,591.70 4.70
9.00% < Net Coupon <= 9.25% 271 34,719,454.97 5.19
9.25% < Net Coupon <= 9.50% 488 67,000,130.88 10.01
9.50% < Net Coupon <= 9.75% 360 42,405,833.68 6.33
9.75% < Net Coupon <= 10.00% 581 69,942,603.15 10.45
10.00% < Net Coupon <= 10.25% 631 72,839,272.23 10.88
10.25% < Net Coupon <= 10.50% 721 77,069,607.89 11.51
10.50% < Net Coupon <= 10.75% 478 49,509,296.97 7.39
10.75% < Net Coupon <= 11.00% 505 50,193,877.58 7.50
11.00% < Net Coupon <= 11.25% 459 41,072,247.35 6.13
11.25% < Net Coupon <= 11.50% 422 37,311,198.64 5.57
11.50% < Net Coupon <= 11.75% 201 18,189,247.31 2.72
11.75% < Net Coupon <= 12.00% 195 15,695,558.47 2.34
12.00% < Net Coupon <= 12.25% 143 11,106,592.20 1.66
12.25% < Net Coupon <= 12.50% 117 9,876,647.92 1.48
12.50% < Net Coupon <= 12.75% 45 3,641,260.72 0.54
12.75% < Net Coupon <= 13.00% 33 2,140,783.26 0.32
13.00% < Net Coupon <= 13.25% 20 1,090,797.59 0.16
13.25% < Net Coupon <= 13.50% 20 1,390,806.19 0.21
13.50% < Net Coupon <= 13.75% 9 536,458.61 0.08
13.75% < Net Coupon <= 14.00% 1 54,883.10 0.01
14.00% < Net Coupon <= 14.25% 1 32,994.95 0.00
14.25% < Net Coupon <= 14.50% 3 195,698.42 0.03
14.50% < Net Coupon <= 14.75% 1 38,988.99 0.01
14.75% < Net Coupon <= 15.00% 2 78,844.16 0.01
15.00% < Net Coupon <= 15.25% 2 82,990.12 0.01
15.75% < Net Coupon <= 16.00% 1 33,730.35 0.01
Total 6,132 $669,524,490.49 100.00%
----------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH A
DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED FINANCIAL
ADVISOR IMMEDIATELY. THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS
STRUCTURAL TERMSHEETS, AND WILL BE SUPERSEDED BY THE INFORMATION IN THE
PROSPECTUS SUPPLEMENT.
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
RASC Series 2000-KS4 Trust
Home Equity Asset-Backed Pass-Through Certificates, Series 2000-KS4
$1,425,000,000 (Approximate)
Group II Original Term to Stated Maturity
----------------------------------------------------------------------------------------------
Mortgage Cut-off % of Cut-off Date
Original Term Loans Date Principal Balance
------------- ----- -----------------
Principal Balance ($)
---------------------
<S> <C> <C> <C> <C>
168 < Orig. Term <= 180 4 140,924.65 0.02
228 < Orig. Term <= 240 1 89,204.15 0.01
348 < Orig. Term <= 360 6,127 669,294,361.69 99.97
Total 6,132 $669,524,490.49 100.00%
----------------------------------------------------------------------------------------------
Group II Remaining Term to Stated Maturity
----------------------------------------------------------------------------------------------
Mortgage Cut-off % of Cut-off Date
Remaining Term Loans Date Principal Balance
-------------- ----- -----------------
Principal Balance ($)
---------------------
168 < Rem Term <= 180 4 140,924.65 0.02
228 < Rem Term <= 240 1 89,204.15 0.01
324 < Rem Term <= 336 1 95,036.45 0.01
336 < Rem Term <= 348 6 931,221.92 0.14
348 < Rem Term <= 360 6,120 668,268,103.32 99.81
Total 6,132 $669,524,490.49 100.00%
----------------------------------------------------------------------------------------------
Group II Lien Status
----------------------------------------------------------------------------------------------
Lien Status Mortgage Cut-off % of Cut-off Date
-----------
Loans Date Principal Balance
Principal Balance ($)
First Lien 6,132 669,524,490.49
100.00
Total 6,132 $669,524,490.49 100.00%
----------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH A
DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED FINANCIAL
ADVISOR IMMEDIATELY. THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS
STRUCTURAL TERMSHEETS, AND WILL BE SUPERSEDED BY THE INFORMATION IN THE
PROSPECTUS SUPPLEMENT.
<PAGE>
RASC Series 2000-KS4 Trust
Home Equity Asset-Backed Pass-Through Certificates, Series 2000-KS4
$1,425,000,000 (Approximate)
Group II Original Loan-To-Value Ratios
----------------------------------------------------------------------------------------------
Mortgage Cut-off % of Cut-off Date
Original Loan-To-Value Ratio Loans Date Principal Balance
---------------------------- ----- -----------------
Principal Balance ($)
---------------------
10.00 < LTV <= 15.00 2 78,312.86 0.01
15.00 < LTV <= 20.00 8 738,493.13 0.11
20.00 < LTV <= 25.00 7 277,767.25 0.04
25.00 < LTV <= 30.00 8 331,754.69 0.05
30.00 < LTV <= 35.00 17 977,644.97 0.15
35.00 < LTV <= 40.00 24 1,400,544.45 0.21
40.00 < LTV <= 45.00 33 2,340,649.15 0.35
45.00 < LTV <= 50.00 56 4,125,553.69 0.62
50.00 < LTV <= 55.00 69 5,496,152.09 0.82
55.00 < LTV <= 60.00 118 9,449,146.48 1.41
60.00 < LTV <= 65.00 189 18,111,006.69 2.71
65.00 < LTV <= 70.00 415 38,846,546.98 5.80
70.00 < LTV <= 75.00 705 70,878,832.80 10.59
75.00 < LTV <= 80.00 1,894 205,544,493.97 30.70
80.00 < LTV <= 85.00 1,338 150,355,378.27 22.46
85.00 < LTV <= 90.00 1,210 154,924,734.79 23.14
90.00 < LTV <= 95.00 39 5,647,478.23 0.84
Total 6,132 $669,524,490.49 100.00%
----------------------------------------------------------------------------------------------
Group II Mortgage Insurance
----------------------------------------------------------------------------------------------
Mortgage Cut-off % of Cut-off Date
Insurance Loans Date Principal Balance
--------- ----- -----------------
Principal Balance ($)
---------------------
Not Required 3,530 357,163,979.66 53.35
Insured (1) 19 2,239,302.16 0.33
Not Insured (2) 2,583 310,121,208.67 46.32
Total 6,132 $669,524,490.49 100.00%
(1) Insured by Amerin Guaranty, Commonwealth, Foremost Guaranty Company, GEMICO, MGIC, PMI
Mortgage Insurance Co., and Republic Mortgage Insurance.
(2) Over 80% LTV without insurance.
----------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH A
DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED FINANCIAL
ADVISOR IMMEDIATELY. THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS
STRUCTURAL TERMSHEETS, AND WILL BE SUPERSEDED BY THE INFORMATION IN THE
PROSPECTUS SUPPLEMENT.
<PAGE>
RASC Series 2000-KS4 Trust
Home Equity Asset-Backed Pass-Through Certificates, Series 2000-KS4
$1,425,000,000 (Approximate)
Group II Original Mortgage Loan Principal Balances
----------------------------------------------------------------------------------------------
Mortgage Cut-off % of Cut-off Date
Original Mortgage Loan Principal Loans Date Principal Balance
--------------------------------- ----- -----------------
Balance Principal Balance ($)
------- ---------------------
Balance <= 25,000 46 961,697.24 0.14
25,000 < Balance <= 50,000 836 33,550,610.09 5.01
50,000 < Balance <= 75,000 1,452 90,720,114.28 13.55
75,000 < Balance <= 100,000 1,117 97,273,710.78 14.53
100,000 < Balance <= 150,000 1,455 177,082,340.21 26.45
150,000 < Balance <= 175,000 372 60,132,620.56 8.98
175,000 < Balance <= 200,000 254 47,677,314.56 7.12
200,000 < Balance <= 250,000 291 64,436,113.93 9.62
250,000 < Balance <= 300,000 164 44,937,676.31 6.71
300,000 < Balance <= 350,000 83 26,956,775.12 4.03
350,000 < Balance <= 400,000 48 18,282,299.56 2.73
400,000 < Balance <= 450,000 2 835,724.05 0.12
450,000 < Balance <= 500,000 7 3,399,508.83 0.51
500,000 < Balance <= 600,000 3 1,647,933.90 0.25
600,000 < Balance <= 750,000 1 630,448.46 0.09
750,000 < Balance <= 1,000,000 1 999,602.61 0.15
Total 6,132 $669,524,490.49 100.00%
----------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH A
DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED FINANCIAL
ADVISOR IMMEDIATELY. THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS
STRUCTURAL TERMSHEETS, AND WILL BE SUPERSEDED BY THE INFORMATION IN THE
PROSPECTUS SUPPLEMENT.
<PAGE>
RASC Series 2000-KS4 Trust
Home Equity Asset-Backed Pass-Through Certificates, Series 2000-KS4
$1,425,000,000 (Approximate)
Group II Geographic Distribution
----------------------------------------------------------------------------------------------
Mortgage Cut-off % of Cut-off Date
State Loans Date Principal Balance
----- ----- -----------------
Principal Balance ($)
---------------------
California 502 92,336,137.12 13.79
Colorado 148 20,571,127.43 3.07
Florida 350 35,343,810.86 5.28
Georgia 334 44,570,225.30 6.66
Illinois 317 33,643,699.66 5.03
Michigan 577 48,586,836.45 7.26
North Carolina 214 20,806,264.73 3.11
Ohio 376 29,400,767.96 4.39
Texas 664 75,619,007.17 11.29
Washington 150 21,289,743.17 3.18
Others 2,500 247,356,870.64 36.95
Total 6,132 $669,524,490.49 100.00%
----------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH A
DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED FINANCIAL
ADVISOR IMMEDIATELY. THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS
STRUCTURAL TERMSHEETS, AND WILL BE SUPERSEDED BY THE INFORMATION IN THE
PROSPECTUS SUPPLEMENT.
<PAGE>
RASC Series 2000-KS4 Trust
Home Equity Asset-Backed Pass-Through Certificates, Series 2000-KS4
$1,425,000,000 (Approximate)
Group II Mortgaged Property Types
----------------------------------------------------------------------------------------------
Mortgage Cut-off % of Cut-off Date
Property Type Loans Date Principal Balance
------------- ----- -----------------
Principal Balance ($)
---------------------
Condo Low-Rise 149 13,387,363.73 2.00
Modular Housing 1 83,811.09 0.01
Manufactured Housing 81 5,751,760.50 0.86
Leasehold 3 404,136.00 0.06
Townhouses 52 5,465,077.55 0.82
Condo High-Rise 3 223,054.52 0.03
Condo Mid-Rise 7 876,977.17 0.13
Single Family Detached 5,218 550,570,056.53 82.23
PUD Detached 542 84,897,571.36 12.68
PUD Attached 76 7,864,682.04 1.17
Total 6,132 $669,524,490.49 100.00%
----------------------------------------------------------------------------------------------
Group II Occupancy Types
----------------------------------------------------------------------------------------------
Mortgage Cut-off % of Cut-off Date
Owner Occupancy Loans Date Principal Balance
--------------- ----- -----------------
Principal Balance ($)
---------------------
Owner Occupied 5,807 647,325,848.50 96.68
Non Owner Occupied 325 22,198,641.99 3.32
Total 6,132 $669,524,490.49 100.00%
----------------------------------------------------------------------------------------------
Group II Mortgage Loan Documentation Types
----------------------------------------------------------------------------------------------
Mortgage Cut-off % of Cut-off Date
Documentation Type Loans Date Principal Balance
------------------ ----- -----------------
Principal Balance ($)
---------------------
Full Documentation 5,100 533,209,944.32 79.64
Reduced Documentation 1,032 136,314,546.17 20.36
Total 6,132 $669,524,490.49 100.00%
----------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH A
DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED FINANCIAL
ADVISOR IMMEDIATELY. THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS
STRUCTURAL TERMSHEETS, AND WILL BE SUPERSEDED BY THE INFORMATION IN THE
PROSPECTUS SUPPLEMENT.
<PAGE>
RASC Series 2000-KS4 Trust
Home Equity Asset-Backed Pass-Through Certificates, Series 2000-KS4
$1,425,000,000 (Approximate)
Group II Mortgage Loan Purpose
----------------------------------------------------------------------------------------------
Mortgage Cut-off % of Cut-off Date
Loan Purpose Loans Date Principal Balance
------------ ----- -----------------
Principal Balance ($)
---------------------
Purchase 3,054 356,749,850.50 53.29
Rate/Term Refinance 443 49,682,823.25 7.42
Equity Refinance 2,634 262,928,455.24 39.27
Unknown 1 163,361.50 0.02
Total 6,132 $669,524,490.49 100.00%
----------------------------------------------------------------------------------------------
Group II RFC Designated Credit Score Distribution
----------------------------------------------------------------------------------------------
Mortgage Cut-off % of Cut-off Date
Credit Grade Loans Date Principal Balance
------------ ----- -----------------
Principal Balance ($)
---------------------
1A-1 75 12,277,163.39 1.83
1A 1,479 181,454,989.00 27.10
1 1,796 212,346,049.91 31.72
2 2,094 207,489,259.06 30.99
3 520 42,590,029.30 6.36
4 164 12,877,421.42 1.92
Unknown 4 489,578.41 0.07
Total 6,132 $669,524,490.49 100.00%
----------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH A
DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED FINANCIAL
ADVISOR IMMEDIATELY. THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS
STRUCTURAL TERMSHEETS, AND WILL BE SUPERSEDED BY THE INFORMATION IN THE
PROSPECTUS SUPPLEMENT.
<PAGE>
RASC Series 2000-KS4 Trust
Home Equity Asset-Backed Pass-Through Certificates, Series 2000-KS4
$1,425,000,000 (Approximate)
Group II Credit Score Distribution
----------------------------------------------------------------------------------------------
Mortgage Cut-off % of Cut-off Date
FICO Score Loans Date Principal Balance
---------- ----- -----------------
Principal Balance ($)
---------------------
NO FICO STATED 88 5,453,853.24 0.81
FICO < 500 146 13,798,306.13 2.06
500 <= FICO < 520 384 36,408,029.00 5.44
520 <= FICO < 540 696 67,971,175.71 10.15
540 <= FICO < 560 826 86,617,968.39 12.94
560 <= FICO < 580 1,016 110,284,850.74 16.47
580 <= FICO < 600 922 106,089,278.85 15.85
600 <= FICO < 620 724 84,205,971.00 12.58
620 <= FICO < 640 554 63,699,774.76 9.51
640 <= FICO < 660 355 44,151,123.02 6.59
660 <= FICO < 680 190 23,848,453.47 3.56
680 <= FICO < 700 102 12,461,032.89 1.86
700 <= FICO < 720 54 6,009,616.37 0.90
720 <= FICO < 740 36 4,313,143.34 0.64
740 <= FICO < 760 27 2,603,016.24 0.39
760 <= FICO < 780 7 998,779.26 0.15
780 <= FICO < 800 5 610,118.08 0.09
Total 6,132 $669,524,490.49 100.00%
----------------------------------------------------------------------------------------------
Group II Gross Margins
----------------------------------------------------------------------------------------------
Mortgage Cut-off % of Cut-off Date
Gross Margin Loans Date Principal Balance
------------ ----- -----------------
Principal Balance ($)
---------------------
2.75% < Gross Margin <= 3.00% 1 75,433.39 0.01
3.50% < Gross Margin <= 3.75% 1 137,493.07 0.02
3.75% < Gross Margin <= 4.00% 3 234,813.75 0.04
4.00% < Gross Margin <= 4.25% 5 723,937.44 0.11
4.25% < Gross Margin <= 4.50% 36 5,136,286.60 0.77
4.50% < Gross Margin <= 4.75% 78 10,572,537.89 1.58
4.75% < Gross Margin <= 5.00% 138 17,110,652.11 2.56
5.00% < Gross Margin <= 5.25% 198 25,390,155.10 3.79
5.25% < Gross Margin <= 5.50% 360 46,217,951.07 6.90
5.50% < Gross Margin <= 5.75% 377 49,774,098.46 7.43
5.75% < Gross Margin <= 6.00% 622 74,139,339.92 11.07
6.00% < Gross Margin <= 7.00% 2,495 273,044,687.61 40.78
7.00% < Gross Margin <= 8.00% 1,340 126,723,965.72 18.93
8.00% < Gross Margin <= 9.00% 408 35,174,167.45 5.25
9.00% < Gross Margin <= 10.00% 61 4,445,026.60 0.66
10.00% < Gross Margin <= 11.00% 9 623,944.31 0.09
Total 6,132 $669,524,490.49 100.00%
----------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH A
DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED FINANCIAL
ADVISOR IMMEDIATELY. THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS
STRUCTURAL TERMSHEETS, AND WILL BE SUPERSEDED BY THE INFORMATION IN THE
PROSPECTUS SUPPLEMENT.
<PAGE>
RASC Series 2000-KS4 Trust
Home Equity Asset-Backed Pass-Through Certificates, Series 2000-KS4
$1,425,000,000 (Approximate)
Group II Gross Life Cap
----------------------------------------------------------------------------------------------
Mortgage Cut-off % of Cut-off Date
Gross Life Cap Loans Date Principal Balance
-------------- ----- -----------------
Principal Balance ($)
---------------------
13.75% < Gross Life Cap <= 14.00 2 163,036.45 0.02
14.00% < Gross Life Cap <= 14.25 2 334,130.68 0.05
14.25% < Gross Life Cap <= 14.50 3 579,864.68 0.09
14.50% < Gross Life Cap <= 14.75 8 1,782,351.49 0.27
14.75% < Gross Life Cap <= 15.00 44 7,408,179.36 1.11
15.00% < Gross Life Cap <= 15.25 46 6,909,681.83 1.03
15.25% < Gross Life Cap <= 15.50 106 15,809,175.63 2.36
15.50% < Gross Life Cap <= 15.75 129 17,073,678.30 2.55
15.75% < Gross Life Cap <= 16.00 284 38,967,135.27 5.82
16.00% < Gross Life Cap <= 16.25 210 27,123,588.37 4.05
16.25% < Gross Life Cap <= 16.50 415 53,578,131.59 8.00
16.50% < Gross Life Cap <= 16.75 462 54,991,472.77 8.21
16.75% < Gross Life Cap <= 17.00 604 71,442,077.10 10.67
17.00% < Gross Life Cap <= 17.25 395 43,401,450.98 6.48
17.25% < Gross Life Cap <= 17.50 509 54,518,974.76 8.14
17.50% < Gross Life Cap <= 17.75 471 50,215,084.92 7.50
17.75% < Gross Life Cap <= 18.00 660 67,437,113.45 10.07
18.00% < Gross Life Cap <= 18.25 323 31,724,948.77 4.74
18.25% < Gross Life Cap <= 18.50 335 31,380,426.30 4.69
18.50% < Gross Life Cap <= 18.75 302 26,652,852.04 3.98
18.75% < Gross Life Cap <= 19.00 278 23,608,582.63 3.53
19.00% < Gross Life Cap <= 19.25 133 12,281,140.66 1.83
19.25% < Gross Life Cap <= 19.50 130 10,493,814.76 1.57
19.50% < Gross Life Cap <= 19.75 99 7,972,881.78 1.19
19.75% < Gross Life Cap <= 20.00 90 7,459,697.85 1.11
20.00% < Gross Life Cap <= 20.25 36 2,889,611.70 0.43
20.25% < Gross Life Cap <= 20.50 19 1,119,342.07 0.17
20.50% < Gross Life Cap <= 20.75 12 682,108.31 0.10
20.75% < Gross Life Cap <= 21.00 10 726,670.06 0.11
21.00% < Gross Life Cap <= 22.00 13 656,394.86 0.10
22.00% < Gross Life Cap <= 23.00 1 33,730.35 0.01
23.00% < Gross Life Cap <= 24.00 1 107,160.72 0.02
Total 6,132 $669,524,490.49 100.00%
----------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH A
DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED FINANCIAL
ADVISOR IMMEDIATELY. THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS
STRUCTURAL TERMSHEETS, AND WILL BE SUPERSEDED BY THE INFORMATION IN THE
PROSPECTUS SUPPLEMENT.
<PAGE>
RASC Series 2000-KS4 Trust
Home Equity Asset-Backed Pass-Through Certificates, Series 2000-KS4
$1,425,000,000 (Approximate)
Group II Index
----------------------------------------------------------------------------------------------
Mortgage Cut-off % of Cut-off Date
Index Loans Date Principal Balance
----- ----- -----------------
Principal Balance ($)
---------------------
6M-LIBOR 6,131 669,498,598.54 100.00
One Year Treasury 1 25,891.95 0.00
Total 6,132 $669,524,490.49 100.00%
----------------------------------------------------------------------------------------------
Group II Months To Initial Roll Date
----------------------------------------------------------------------------------------------
Mortgage Cut-off % of Cut-off Date
Original Term Loans Date Principal Balance
------------- ----- -----------------
Principal Balance ($)
---------------------
12 < Teaser Term <= 24 4,169 475,411,223.53 71.01
24 < Teaser Term <= 36 1,948 192,935,744.33 28.82
36 < Teaser Term <= 48 15 1,177,522.63 0.18
Total 6,132 $669,524,490.49 100.00%
----------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH A
DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED FINANCIAL
ADVISOR IMMEDIATELY. THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS
STRUCTURAL TERMSHEETS, AND WILL BE SUPERSEDED BY THE INFORMATION IN THE
PROSPECTUS SUPPLEMENT.
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
RASC Series 2000-KS4 Trust
Home Equity Asset-Backed Pass-Through Certificates, Series 2000-KS4
$1,425,000,000 (Approximate)
Group II Next Interest Roll Date
----------------------------------------------------------------------------------------------
Mortgage Cut-off % of Cut-off Date
Next Interest Roll Date Loans Date Principal Balance
----------------------- ----- -----------------
Principal Balance ($)
---------------------
<S> <C> <C> <C> <C>
12/1/00 1 95,036.45 0.01
5/4/01 1 146,228.06 0.02
7/1/01 2 426,615.38 0.06
8/1/01 1 105,246.16 0.02
9/1/01 1 66,672.61 0.01
11/1/01 3 229,257.12 0.03
12/1/01 1 143,379.01 0.02
1/1/02 2 245,630.70 0.04
1/5/02 1 75,140.35 0.01
1/13/02 1 99,691.04 0.01
2/1/02 5 458,239.45 0.07
3/1/02 24 2,887,563.94 0.43
3/7/02 1 107,600.15 0.02
3/9/02 2 143,847.82 0.02
3/13/02 1 77,188.14 0.01
3/14/02 2 318,991.71 0.05
3/20/02 3 154,151.44 0.02
3/21/02 1 107,727.29 0.02
3/27/02 1 71,784.45 0.01
3/29/02 3 599,475.73 0.09
4/1/02 111 13,301,980.59 1.99
4/4/02 1 128,192.50 0.02
4/5/02 1 320,723.06 0.05
4/7/02 1 101,403.98 0.02
4/11/02 2 286,041.30 0.04
4/12/02 1 89,767.20 0.01
4/14/02 1 62,326.68 0.01
4/17/02 2 196,811.34 0.03
4/19/02 1 25,846.75 0.00
4/24/02 3 220,814.71 0.03
4/28/02 1 93,291.21 0.01
5/1/02 236 30,367,025.54 4.54
5/2/02 4 206,638.37 0.03
5/3/02 6 622,449.81 0.09
5/4/02 2 211,233.64 0.03
5/5/02 4 398,234.20 0.06
5/8/02 5 326,510.02 0.05
5/9/02 7 627,043.21 0.09
5/10/02 8 486,318.19 0.07
5/11/02 3 291,833.41 0.04
5/12/02 3 228,290.10 0.03
5/15/02 7 880,517.91 0.13
5/16/02 1 57,342.99 0.01
5/17/02 4 489,171.41 0.07
5/18/02 2 72,660.23 0.01
5/19/02 5 537,528.26 0.08
5/22/02 11 1,060,740.56 0.16
5/23/02 4 206,225.74 0.03
5/25/02 3 250,797.51 0.04
5/26/02 5 532,380.09 0.08
5/30/02 10 656,507.03 0.10
6/1/02 1,141 132,428,430.50 19.78
6/2/02 3 250,636.27 0.04
6/5/02 15 1,349,320.89 0.20
6/6/02 4 415,527.66 0.06
6/7/02 7 481,165.72 0.07
6/8/02 5 386,632.47 0.06
6/9/02 11 1,083,665.09 0.16
6/10/02 1 103,940.05 0.02
6/12/02 5 353,817.00 0.05
6/13/02 3 175,006.89 0.03
6/14/02 6 784,891.39 0.12
6/15/02 6 569,048.47 0.08
6/16/02 6 685,331.73 0.10
6/19/02 7 668,559.21 0.10
6/20/02 9 597,294.70 0.09
6/21/02 5 530,370.68 0.08
6/22/02 3 213,681.24 0.03
6/23/02 5 448,474.04 0.07
6/26/02 5 326,731.60 0.05
6/27/02 5 377,425.81 0.06
6/28/02 6 604,378.44 0.09
6/29/02 2 135,508.34 0.02
6/30/02 12 1,079,468.14 0.16
7/1/02 1,572 183,530,219.43 27.41
7/3/02 8 941,663.30 0.14
7/5/02 19 1,492,340.52 0.22
7/6/02 12 845,199.00 0.13
7/7/02 6 456,648.45 0.07
7/10/02 24 2,573,185.61 0.38
7/11/02 8 586,016.92 0.09
7/12/02 2 79,876.82 0.01
7/14/02 3 423,806.58 0.06
7/15/02 7 656,132.30 0.10
7/17/02 3 296,342.94 0.04
7/18/02 3 454,615.03 0.07
7/19/02 3 295,348.07 0.04
7/20/02 8 913,177.69 0.14
7/21/02 1 63,733.31 0.01
7/24/02 1 101,204.83 0.02
7/25/02 1 116,964.62 0.02
7/30/02 1 90,010.08 0.01
8/1/02 659 73,731,653.15 11.01
8/5/02 8 817,950.00 0.12
8/6/02 1 76,500.00 0.01
8/8/02 1 111,912.67 0.02
8/10/02 21 2,205,439.00 0.33
8/15/02 6 540,775.00 0.08
9/1/02 24 2,586,625.00 0.39
10/1/02 3 509,611.09 0.08
11/1/02 2 192,666.00 0.03
12/1/02 3 151,041.76 0.02
1/1/03 1 95,714.94 0.01
2/1/03 3 307,592.91 0.05
3/1/03 21 1,934,669.94 0.29
3/15/03 1 59,395.16 0.01
3/24/03 1 82,839.17 0.01
3/27/03 1 53,789.71 0.01
4/1/03 38 4,682,128.85 0.70
4/4/03 1 62,903.85 0.01
4/14/03 1 55,938.42 0.01
4/21/03 1 50,940.76 0.01
4/24/03 1 70,506.41 0.01
4/25/03 1 51,221.68 0.01
4/28/03 3 306,090.06 0.05
5/1/03 128 14,390,332.53 2.15
5/2/03 1 57,305.85 0.01
5/3/03 4 397,109.91 0.06
5/4/03 1 47,543.97 0.01
5/5/03 4 341,868.50 0.05
5/9/03 1 60,945.34 0.01
5/10/03 4 412,140.29 0.06
5/11/03 2 209,771.00 0.03
5/12/03 1 56,938.31 0.01
5/15/03 4 233,185.25 0.03
5/16/03 3 407,136.88 0.06
5/18/03 1 74,922.75 0.01
5/19/03 4 398,584.12 0.06
5/22/03 2 108,151.62 0.02
5/23/03 1 41,584.62 0.01
5/24/03 4 350,869.96 0.05
5/25/03 1 39,977.82 0.01
5/26/03 4 323,052.83 0.05
5/30/03 2 351,764.39 0.05
6/1/03 593 56,065,266.18 8.37
6/2/03 1 71,935.89 0.01
6/5/03 3 179,712.25 0.03
6/6/03 1 32,982.53 0.00
6/7/03 2 176,122.17 0.03
6/8/03 2 139,201.93 0.02
6/9/03 1 100,154.09 0.01
6/12/03 1 44,174.51 0.01
6/13/03 4 207,130.12 0.03
6/14/03 1 45,466.32 0.01
6/15/03 3 328,407.07 0.05
6/16/03 3 252,579.27 0.04
6/19/03 6 441,884.21 0.07
6/20/03 4 335,577.06 0.05
6/21/03 5 305,712.34 0.05
6/22/03 1 134,903.06 0.02
6/23/03 2 168,180.35 0.03
6/26/03 1 91,940.26 0.01
7/1/03 745 75,860,188.11 11.33
7/3/03 4 435,000.87 0.06
7/5/03 2 168,443.52 0.03
7/6/03 1 106,216.97 0.02
7/12/03 1 87,163.43 0.01
7/13/03 1 51,732.14 0.01
7/17/03 1 135,450.14 0.02
8/1/03 292 27,613,717.86 4.12
9/1/03 11 1,042,250.00 0.16
Total 6,132 $669,524,490.49 100.00%
----------------------------------------------------------------------------------------------
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH A
DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED FINANCIAL
ADVISOR IMMEDIATELY. THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS
STRUCTURAL TERMSHEETS, AND WILL BE SUPERSEDED BY THE INFORMATION IN THE
PROSPECTUS SUPPLEMENT.
</TABLE>
<PAGE>
